1. China Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Hubei Wanrun New Energy Technology Co., Ltd. Class A

Hubei Wanrun New Energy Technology Co., Ltd. Class A

SSSE:688275
55.96
CNY
+1.72
(+3.17%)
3.34EPS
40.81P/E
16.09BMarket Cap
Oct 31Next Earn
Hubei Wanrun New Energy Technology Co., Ltd. Class A
SSE:688275
(Shanghai Stock Exchange)

Recent

price

55.96

P/E

ratio

40.81

div

yld

3.04%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
10.27
6.08
7.51
24.18
120.59
96.59
60.5
93.27
151.79
Revenue per Share
0.03
-0.58
-0.49
3.82
9.36
-11.93
-7
-3.72
3.13
Basic EPS, GAAP
-1.78
-0.55
-1.93
-9.31
-50.29
-44.51
4.42
-0.56
- -
Free Cash Flow per Basic Share
0.23
0.15
0.17
0.14
0.74
4.17
2.08
1.66
1.7
Dividend per Share
10.81
11.35
10.93
15.72
68.11
52.22
44.54
40.55
44.51
Book Value per Share
10.15
9.93
9.52
14.26
64.88
48.5
40.54
36.62
40.69
Tangible Book Value per Share
91
126
92
92
102
126
124
123
123
Basic Weighted Avg Shares
939
766
688
2,229
12,351
12,174
7,523
11,492
18,740
Sales/Revenue/Turnover
7.18
3.17
0.08
22.98
11.86
-5.72
-7.33
-0.44
6.34
Operating Margin (%)
66
73
69
76
195
428
628
818
- -
Depreciation Expense
3
-73
-45
353
959
-1,504
-870
-458
386
Net Income, GAAP
77.99
- -
- -
8.48
1.68
- -
- -
- -
8.83
Effective Tax Rate (%)
0.29
-9.58
-6.48
15.82
7.76
-12.35
-11.57
-3.99
2.06
Profit Margin (%)
-44
-55
-190
-352
4,546
1,363
-1,812
-2,338
-1,863
Working Capital
192
94
30
157
2,400
3,772
1,757
1,075
1,587
LT Debt
988
1,118
1,081
1,572
8,722
6,592
5,588
5,069
5,620
Total Equity
- -
- -
- -
19.63
11.79
- -
- -
- -
2.56
Return on Invested Capital (%)
- -
- -
- -
18.05
13.09
- -
- -
- -
3.71
Return on Capital (%)
- -
-7.24
-4.38
28.36
19.03
-19.82
-14.26
-8.54
6.97
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,058
9,914
11,435
LT Borrowings
1,064
1,289
1,580
LT Finance Leases
11
10
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
126
126
126
Market Capitalization
9,509
13,572
16,086

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,488
13,810
16,551
Cash, Cash Equivalents & STI
4,671
6,920
7,550
Accounts Receivable, Net
2,534
3,707
4,770
Inventories
1,155
1,931
2,487
Total Current Liabilities
11,826
15,505
18,414
Payables & Accruals
- -
- -
- -
ST Debt
7,058
9,914
11,435
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
90.26%
-9.28%
Free Cash Flow
- -
134.29%
-112.48%
Net Income, GAAP
- -
-212.95%
-47.34%
Sales/Revenue/Turnover
- -
138.2%
52.76%
Total Cash Common Dividend
- -
200.82%
-20.89%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,155
1,793
1,905
2,670
7,523
2025
2,278
2,158
- -
4,156
11,492
2026
5,380
7,046
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.04
-2.21
-1.56
-2.21
-7
2025
-1.26
-0.89
- -
-0.86
-3.72
2026
3.25
1.62
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
0.51
0.55
0.52
2.08
2025
0.42
0.38
- -
0.46
1.66
2026
0.44
0.43
- -
- -
- -
Similar Companies
Lumentum Holdings Inc. (NASDAQ:LITE)
GE Vernova Inc. (NYSE:GEV)
Eos Energy Enterprises, Inc. (NASDAQ:EOSE)
NuScale Power Corporation (NYSE:SMR)
Bharat Heavy Electricals Limited (NSE:BHEL)
Astor Enerji A.S. (BIST:ASTOR)
Business
Hubei Wanrun New Energy Technology Co., Ltd. is a China-based company primarily engaged in the research, development, production, and sale of advanced cathode materials and precursors for lithium-ion and sodium-ion battery applications. Founded in 2010 and headquartered in Shiyan, Hubei Province, China, the company operates within the specialty chemicals and clean energy materials sector, supplying the electric vehicle (EV), grid-scale energy storage system (ESS), and industrial power markets. Its core product and service portfolio includes lithium iron phosphate (LFP) cathode materials with high energy and compaction density; lithium manganese iron phosphate (LMFP) cathode materials; ferric phosphate precursor compounds; sodium-ion battery cathode materials, including polyanionic compounds and layered transition metal oxides; next-generation solid-state battery cathode precursors; and battery scrap recycling and material purification services. The company supplies its specialized cathode solutions to major tier-one battery cell and energy storage manufacturers, including Contemporary Amperex Technology Co., Limited (CATL), BYD Company Limited, CALB Group Co., Ltd., EVE Energy Co., Ltd., and Gotion High-Tech Co., Ltd. Hubei Wanrun New Energy Technology Co., Ltd. manages integrated manufacturing, research and development, and testing facilities across multiple regional hubs, including key production complexes in Hubei, Shandong, Anhui, and Sichuan provinces, supported by corporate and technical research offices in Wuhan. In recent developments, Hubei Wanrun New Energy Technology Co., Ltd. has accelerated the commercial rollout and high-voltage performance upgrades of its proprietary lithium manganese iron phosphate (LMFP) cathode materials to meet demand for higher energy density in passenger electric vehicles. The company has also achieved commercial-scale validation and production ramp-up of sodium-iron and polyanionic sodium-ion cathode materials aimed at low-cost energy storage and micro-mobility applications. Operationally, the company has broadened its integrated capacity footprint through new automated ferric phosphate and high-compaction LFP production lines, reinforced upstream vertical supply integration in phosphorus and lithium processing to mitigate raw material price fluctuations, and initiated overseas commercial expansion strategies to build direct supply chain relationships across North American and European energy markets.