Guizhou Zhenhua E-Chem Inc. Class A

Guizhou Zhenhua E-Chem Inc. Class A

SSSE:688707
9.66
CNY
-0.26
(-2.62%)
-0.78EPS
6.54BMarket Cap
Oct 24Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.28
5.06
4.18
11.51
18.23
9.95
3.12
14.94
31.44
15.4
3.9
2.81
2.86
Basic EPS, GAAP
-0.18
0.02
0.04
0.4
0.47
0.14
-0.51
1.12
2.87
0.23
-1.05
-0.85
-0.78
Free Cash Flow per Basic Share
0.21
0.28
-0.39
-2.78
-4.86
-1.52
-1.05
-0.55
0.7
3.05
-3.07
0.16
- -
Dividend per Share
0.36
0.32
0.16
0.24
0.46
0.29
0.22
0.2
0.42
0.86
0.18
0.11
0.1
Book Value per Share
0.7
1.22
1.66
5.84
6.2
4.36
3.85
6.61
9.23
8.76
8.69
7.84
7.49
Tangible Book Value per Share
0.45
0.98
1.41
5.49
5.51
4.04
3.54
6.38
8.74
8.29
8.23
7.39
7.05
Basic Weighted Avg Shares
76
88
116
117
146
244
332
369
443
446
503
509
507
Sales/Revenue/Turnover
249
447
484
1,347
2,655
2,428
1,037
5,515
13,936
6,876
1,961
1,428
1,453
Operating Margin (%)
-1.53
6
5.71
8.45
5.26
4.82
-8.38
10.14
11.18
3.88
-22.16
-25.72
-20.68
Depreciation Expense
17
17
19
26
47
74
81
116
136
192
224
262
- -
Net Income, GAAP
-14
2
4
47
68
34
-170
413
1,272
103
-528
-432
-394
Effective Tax Rate (%)
- -
30.54
33.03
9.58
9.55
1.92
- -
11.05
12.7
5.4
- -
- -
- -
Profit Margin (%)
-5.49
0.4
0.84
3.46
2.55
1.39
-16.36
7.48
9.13
1.49
-26.91
-30.27
-27.09
Working Capital
-94
-29
-31
673
619
385
527
1,472
2,486
1,905
1,777
2,052
2,003
LT Debt
67
47
17
334
880
604
1,131
580
1,236
1,127
524
1,042
1,042
Total Equity
102
178
242
906
903
1,449
1,280
2,927
4,089
3,882
4,418
3,987
3,813
Return on Invested Capital (%)
- -
-1.31
0.21
3.83
3.47
1.37
- -
10.74
22.95
1.76
- -
- -
- -
Return on Capital (%)
- -
0.33
0.69
5.9
5.03
3.62
- -
12.39
24.33
3.13
- -
- -
- -
Return on Common Equity (%)
- -
1.26
1.93
8.53
7.73
2.87
-12.43
19.61
36.26
2.58
-12.72
-10.29
-9.68

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
868
823
681
LT Borrowings
1,042
1,042
1,042
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
509
509
509
Market Capitalization
7,046
6,598
6,537

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,543
3,609
3,394
Cash, Cash Equivalents & STI
2,048
1,786
1,787
Accounts Receivable, Net
359
187
475
Inventories
708
899
842
Total Current Liabilities
1,490
1,585
1,391
Payables & Accruals
- -
- -
- -
ST Debt
868
823
681
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.66%
33.49%
-9.76%
Free Cash Flow
11.95%
-55.67%
-105.35%
Net Income, GAAP
-28.68%
-171.78%
-18.06%
Sales/Revenue/Turnover
65.33%
87.09%
-27.16%
Total Cash Common Dividend
30.78%
29.15%
-36.91%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
636
336
487
502
1,961
2025
272
441
- -
362
1,428
2026
183
467
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.28
-0.13
-0.25
-0.39
-1.05
2025
-0.19
-0.24
- -
-0.2
-0.85
2026
-0.19
-0.15
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.03
0.08
0.03
0.18
2025
0.03
0.03
- -
0.03
0.11
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Qian Xin Xiang
Full Time Employees
1,963
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
Shawen Ecological Science and Technology Industrial Park Guiyang GZ China 550016
IPO Date
Sep 14, 2021
Business
Guizhou Zhenhua New Material Co., Ltd. is a Chinese manufacturer specializing in the research, development, production, and sale of advanced cathode materials for lithium-ion and sodium-ion batteries used primarily in new energy vehicles and consumer electronics. The company's product portfolio includes lithium cobalt oxide, lithium nickel cobalt manganese ternary cathode materials (NCM), lithium cobalt oxide (LCO), composite ternary materials, power ternary, cobalt-nickel lithium manganese ternary materials, high manganese polycrystalline products, and innovative sodium-ion battery cathode materials. Founded in 2004 and headquartered in Guiyang, Guizhou Province, China, the company operates production bases in Guiyang and the Qianxinan Bouyei and Miao Autonomous Prefecture, with an annual production capacity of 66,000 tons of cathode materials. Guizhou Zhenhua New Material Co., Ltd. has developed core proprietary technologies in large single-crystal nickel-cobalt-manganese ternary materials, cobalt-free layered nickel-manganese binary materials, high-voltage lithium cobalt oxide, and composite spinel structure modified cathode materials, positioning it as a pioneer in large single crystal cathode materials. Recent major changes include an increased focus on high-nickel and ultra-high-nickel ternary cathode materials, which have become the primary revenue drivers, alongside expanding research and commercialization of sodium-ion battery cathode materials. The company has also recently completed significant investments in production line expansions, including a lithium-ion power battery ternary material production line, although it has temporarily suspended some new project implementations due to industry market conditions. Despite facing revenue and profitability pressures related to raw material price fluctuations and downstream demand changes, Guizhou Zhenhua continues to invest in R&D, focusing on advanced cathode materials technologies and composite solid electrolyte materials to maintain competitive positioning in the global lithium-ion battery materials market. The company was previously known as Shenzhen Zhenhua New Material Co., Ltd. before its relocation and rebranding in 2018, reflecting strategic alignment with China's industrial inland development policies and the global electric vehicle and energy storage markets expansion. Guizhou Zhenhua operates under China Electronic Corporation (CEC) and serves customers in China and internationally, within the automotive, electronics, and energy storage sectors.