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  2. •

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    Environmental services
China Tianying Inc

China Tianying Inc

SSZSE:000035
4.57
CNY
+0.01
(+0.22%)
0.13EPS
39.05P/E
11.53BMarket Cap
Oct 29Next Earn
China Tianying Inc
SZSE:000035
(Shenzhen Stock Exchange)

Recent

price

4.57

P/E

ratio

39.05

div

yld

5.95%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.01
0.02
0.25
0.35
0.55
0.67
0.79
1.25
1.37
7.82
8.67
8.19
2.72
2.21
2.43
2.23
2.3
Revenue per Share
0.12
-0.06
-1.68
0.11
0.17
0.18
0.17
0.17
0.16
0.3
0.26
0.29
0.05
0.14
0.12
0.12
0.12
Basic EPS, GAAP
- -
- -
-1.05
-0.26
-0.56
-0.16
-0.32
-0.62
-0.29
-0.48
-0.2
-0.09
-1.31
-0.8
-0.56
-0.39
- -
Free Cash Flow per Basic Share
- -
- -
- -
0.08
0.06
0.1
0.08
0.15
0.14
0.32
0.4
0.3
0.16
0.15
0.23
0.27
0.27
Dividend per Share
-3.18
-3.23
-4.92
2.35
1.31
1.49
1.67
2.23
2.4
4.28
4.63
4.33
4.08
4.22
4.3
4.56
4.53
Book Value per Share
-3.2
-3.25
-4.93
0.55
0.78
0.02
0.23
0.57
0.22
-1.98
-4.19
-0.03
-1.31
-1.36
-1.71
-1.83
-1.75
Tangible Book Value per Share
380
364
377
710
1,000
1,239
1,239
1,286
1,351
2,377
2,523
2,514
2,470
2,409
2,333
2,366
2,345
Basic Weighted Avg Shares
5
6
96
250
551
825
980
1,612
1,847
18,587
21,867
20,593
6,707
5,324
5,667
5,283
5,399
Sales/Revenue/Turnover
-120.4
-473.37
46.57
49.68
41.86
38.34
31.76
28.28
22.4
8.64
9.16
6.57
11.77
15.66
19.32
18
17.33
Operating Margin (%)
3
3
2
48
54
105
126
145
210
1,968
2,105
2,101
581
804
783
877
- -
Depreciation Expense
47
-22
-636
82
175
228
212
222
216
713
654
729
123
337
280
284
290
Net Income, GAAP
- -
- -
- -
5.7
9.62
15.55
15.43
22.68
24.18
27.23
34.3
25.17
51.45
8.56
32.56
27.31
25.41
Effective Tax Rate (%)
885.23
-394.59
-663.28
32.69
31.77
27.65
21.59
13.79
11.72
3.84
2.99
3.54
1.84
6.34
4.94
5.37
5.37
Profit Margin (%)
-1,487
-1,205
-1,450
123
-62
-298
-1,364
-696
-2,381
-1,224
-2,821
1,127
-2,471
-2,656
-2,993
-3,142
-4,181
Working Capital
- -
- -
- -
748
675
1,289
1,042
1,185
812
14,653
18,352
3,831
3,225
4,397
5,183
6,267
5,615
LT Debt
-1,202
-1,224
-1,858
888
1,622
1,850
2,062
3,048
3,295
11,703
12,495
11,152
10,438
10,837
10,933
11,088
11,041
Total Equity
- -
- -
- -
32.64
7.34
6.32
4.16
4.53
3.74
3.52
2.15
3.03
0.64
2.12
1.68
1.39
1.45
Return on Invested Capital (%)
-22.73
- -
- -
57.78
9.48
9.57
7.97
7.09
5.41
5.43
3.11
4.25
1.4
3.35
2.95
2.84
3.01
Return on Capital (%)
- -
- -
- -
- -
13.95
13.14
10.82
8.75
6.92
10.16
5.81
6.44
1.16
3.22
2.62
2.62
2.67
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,118
5,427
5,430
LT Borrowings
6,171
6,066
5,523
LT Finance Leases
96
143
92
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,388
2,388
2,388
Market Capitalization
13,182
16,167
11,534

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,442
6,218
5,594
Cash, Cash Equivalents & STI
1,822
1,667
1,204
Accounts Receivable, Net
1,981
2,086
2,062
Inventories
361
419
434
Total Current Liabilities
9,584
9,189
9,775
Payables & Accruals
- -
- -
- -
ST Debt
5,118
5,427
5,430
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
31.83%
-2.2%
1.42%
Free Cash Flow
147.4%
237.1%
-30.16%
Net Income, GAAP
30.22%
17.21%
1.42%
Sales/Revenue/Turnover
92.76%
-18.84%
-6.77%
Total Cash Common Dividend
39.49%
-2.58%
19.43%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,252
1,397
1,621
1,398
5,667
2025
1,226
1,371
- -
1,341
5,283
2026
1,162
1,525
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.07
- -
-0.03
0.12
2025
0.04
0.04
- -
-0.01
0.12
2026
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.04
0.07
0.07
0.23
2025
0.04
0.06
- -
0.09
0.27
2026
0.06
0.06
- -
- -
- -
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Business
China Tianying Inc. operates primarily in the environmental protection and renewable energy sectors, focusing on waste-to-energy solutions. The company’s core products and services include municipal solid waste incineration and treatment; hazardous waste treatment; industrial waste management; electricity generation from waste energy; operation and maintenance of waste incineration power plants; environmental engineering consultancy services; and renewable energy development. Its waste-to-energy projects convert waste into electricity, helping cities manage waste sustainably while generating clean energy. China Tianying’s operations span across multiple provinces in China, addressing urban and industrial waste challenges. Founded in 1998 and headquartered in Beijing, China Tianying has expanded its business through strategic acquisitions and partnerships over the last few years. The company has recently enhanced its operational capacity by acquiring new waste-to-energy assets and has entered strategic alliances to develop advanced environmental technologies. Additionally, it launched new service offerings focused on integrated solid waste management systems and upgraded its technology platform for improved environmental performance and energy efficiency in its plants. These expansions reflect a strategic shift toward integrating waste treatment with renewable energy generation, reinforcing its market position in China’s environmental and energy industries. China Tianying targets urban municipalities, industrial clients, and government entities engaged in environmental management and sustainable energy solutions. The company functions within the environmental services and energy sectors, specifically the waste management and renewable power generation segments. It operates several subsidiaries managing various waste-to-energy plants across China, consolidating its presence as a leading player in this niche. As a publicly traded company (Ticker: 000035.SZ), China Tianying continues to emphasize innovation in waste conversion technologies and operational excellence in environmental services relevant to China’s growing environmental regulations and green energy policies.