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    Real estate development
Dongguan Winnerway Industrial Zone Ltd. Class A

Dongguan Winnerway Industrial Zone Ltd. Class A

SSZSE:000573
3.87
CNY
+0.06
(+1.57%)
0.04EPS
80.74P/E
2.26BMarket Cap
2013 Y
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
1.65
1.4
0.5
1.81
0.91
1.46
1.46
1.3
1.9
1.48
0.55
0.72
0.88
0.97
Basic EPS, GAAP
0.19
0.02
-0.15
0.32
0.06
0.08
0.1
-0.18
0.22
0.07
0.1
-0.07
0.11
0.04
Free Cash Flow per Basic Share
-0.08
0.05
0.21
0.95
-0.25
0.69
-0.48
0.41
0.18
-0.11
-0.5
-0.03
-0.05
- -
Dividend per Share
0.13
0.17
0.19
0.1
0.18
0.08
0.11
0.17
0.12
0.12
0.1
0.07
0.07
0.12
Book Value per Share
2.54
2.56
2.42
2.73
2.69
2.61
2.66
2.47
2.63
2.59
2.62
2.48
2.5
2.52
Tangible Book Value per Share
2.51
2.53
2.14
2.47
2.31
2.25
2.57
2.37
2.59
2.55
2.56
2.44
2.47
2.48
Basic Weighted Avg Shares
623
623
623
623
623
623
626
636
638
638
639
681
624
638
Sales/Revenue/Turnover
1,027
870
310
1,125
566
912
913
826
1,212
947
352
490
548
621
Operating Margin (%)
18.36
7.2
-10.98
6.17
2.04
0.57
9.33
-10.1
17.1
-2.61
-23.82
-8.5
-8.66
-8.81
Depreciation Expense
38
36
33
35
36
39
34
32
32
34
35
30
26
- -
Net Income, GAAP
117
14
-92
197
35
52
65
-116
141
42
66
-48
69
28
Effective Tax Rate (%)
29.32
73.84
- -
7.23
13.9
30.13
31.05
- -
26.56
4.83
- -
- -
21.37
27.78
Profit Margin (%)
11.41
1.61
-29.74
17.52
6.27
5.71
7.14
-14.07
11.61
4.39
18.76
-9.74
12.51
4.51
Working Capital
674
810
649
1,085
1,282
979
1,227
562
599
542
915
1,069
1,205
1,279
LT Debt
250
301
253
100
550
555
429
236
8
94
144
170
87
169
Total Equity
1,608
1,615
1,526
1,719
1,717
1,707
1,733
1,575
1,674
1,645
1,678
1,591
1,601
1,609
Return on Invested Capital (%)
4.75
0.22
- -
8.28
1.56
1.7
2.49
- -
5.92
1.42
- -
- -
3.56
1.44
Return on Capital (%)
6.34
1.37
- -
9.95
2.36
3.17
3.92
- -
8.03
3.49
- -
- -
4.42
1.81
Return on Common Equity (%)
7.7
0.88
-5.94
12.3
2.1
3.09
3.81
-7.04
8.65
2.49
3.97
-2.93
4.31
1.69

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
156
156
72
LT Borrowings
84
84
167
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
638
638
638
Market Capitalization
2,636
2,700
2,260

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,531
1,516
1,506
Cash, Cash Equivalents & STI
526
523
506
Accounts Receivable, Net
18
21
19
Inventories
925
918
915
Total Current Liabilities
326
294
226
Payables & Accruals
- -
- -
- -
ST Debt
156
156
72
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.64%
0.39%
0.64%
Free Cash Flow
-37.91%
22.74%
52.65%
Net Income, GAAP
-125.11%
-129.68%
-243.85%
Sales/Revenue/Turnover
27.86%
2.61%
12.02%
Total Cash Common Dividend
-1.26%
-15.9%
-7.63%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
109
148
159
73
490
2025
126
116
- -
186
548
2026
179
140
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
0.02
-0.05
-0.01
-0.07
2025
0.18
-0.02
- -
-0.01
0.11
2026
0.07
0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.01
- -
0.07
2025
0.01
0.06
- -
- -
0.07
2026
- -
0.05
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ming Xuan Zhou
Full Time Employees
112
Sector
Finance
Industry
Real estate development
Address
Hongyuan Building Dongguan GD China 523087
IPO Date
Aug 15, 1994
Website
winnerway.com.cn
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Business
DongGuan Winnerway Industry Zone Ltd. is a Chinese enterprise with diverse operations, primarily active in real estate development across China. Established in 1992 and becoming the first company from Dongguan to list on the Shenzhen Stock Exchange in 1994, the firm has cultivated a varied business portfolio. It is involved in the conception, construction, and management of various property types, encompassing both commercial and residential zones, along with other real estate ventures. Beyond property, its interests extend to the creation and rental of industrial parks. The company also maintains a presence in the environmental sector, focusing on the recycling and utilization of lead-containing waste resources to produce recycled lead. Additionally, it undertakes the installation and maintenance of hydropower infrastructure projects. While the company previously engaged in coal mining, some mining assets have been divested. In a recent strategic development, the company announced in June 2025 the termination of its planned acquisition of a majority stake in Asia Vets, a move that would have expanded its footprint into high-end equipment manufacturing. The company reported a positive net income in the first half of 2025, partly attributed to the transfer of a mining subsidiary.