1. China Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Shantui Construction Machinery Co., Ltd. Class A

Shantui Construction Machinery Co., Ltd. Class A

SSZSE:000680
9.11
CNY
+0.40
(+4.59%)
0.90EPS
11.12P/E
15.08BMarket Cap
Oct 30Next Earn
Shantui Construction Machinery Co., Ltd. Class A
SZSE:000680
(Shenzhen Stock Exchange)

Recent

price

9.11

P/E

ratio

11.12

div

yld

1.97%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
11.81
12.88
9.21
8.64
5.86
3.04
3.55
5.12
6.45
5.17
5.72
6.48
6.66
7.57
9.48
9.77
10.79
Revenue per Share
0.74
0.42
0.03
-0.35
0.04
-0.71
0.04
0.05
0.06
0.05
0.08
0.11
0.42
0.52
0.73
0.81
0.9
Basic EPS, GAAP
-0.25
-2.3
0.27
0.07
0.41
0.15
0.19
0.41
0.11
0.24
0.46
0.25
0.19
0.21
0.31
0.48
- -
Free Cash Flow per Basic Share
0.12
0.3
0.43
0.24
0.17
0.13
0.15
0.07
0.09
0.1
0.07
0.05
0.03
0.12
0.18
0.17
0.18
Dividend per Share
3.51
3.8
3.69
3.25
3.28
2.56
2.6
2.75
2.72
2.75
2.83
3.09
3.26
4.14
3.49
4.11
4.45
Book Value per Share
3.34
3.35
3.07
2.67
2.71
1.97
2.05
2.2
2.21
2.23
2.31
2.68
2.85
3.78
3.14
3.77
4.1
Tangible Book Value per Share
1,135
1,141
1,138
1,173
1,241
1,241
1,242
1,241
1,240
1,239
1,241
1,415
1,502
1,501
1,500
1,496
1,493
Basic Weighted Avg Shares
13,399
14,702
10,485
10,135
7,269
3,771
4,404
6,351
8,002
6,403
7,098
9,171
9,998
11,364
14,219
14,620
16,113
Sales/Revenue/Turnover
7.36
6.57
2.82
-2.58
1.49
-18.63
-1.57
3.31
3.67
2.54
2.44
2.71
3.6
7.78
9.61
10.52
11.67
Operating Margin (%)
137
155
210
270
278
273
269
219
215
209
188
201
184
242
261
314
- -
Depreciation Expense
840
479
31
-410
46
-876
43
64
80
57
101
163
632
783
1,102
1,211
1,349
Net Income, GAAP
14.14
19.62
57.47
- -
312.69
- -
- -
- -
13.06
7.6
- -
- -
10.13
4.68
8.04
5.47
6.42
Effective Tax Rate (%)
6.27
3.26
0.29
-4.05
0.64
-23.22
0.99
1.01
1.01
0.88
1.42
1.77
6.32
6.89
7.75
8.28
8.37
Profit Margin (%)
1,293
2,366
2,280
2,179
2,316
348
179
1,243
1,328
359
1,263
2,596
2,303
3,151
3,214
3,220
3,677
Working Capital
50
1,159
1,580
1,800
1,900
858
312
1,000
992
33
750
248
- -
77
1,456
1,066
981
LT Debt
4,368
4,857
4,911
4,536
4,509
3,492
3,512
3,714
3,673
3,715
3,823
4,958
5,179
6,500
5,535
6,471
6,967
Total Equity
18.34
6.6
-0.24
- -
1.45
- -
- -
- -
1.85
0.98
- -
- -
11.23
12.14
15.22
15.7
15.72
Return on Invested Capital (%)
15.15
7.48
1.76
- -
-4.01
- -
- -
- -
2.89
2.49
- -
- -
10.93
11.86
15.06
15.71
16.25
Return on Capital (%)
23.22
11.52
0.72
-9.97
1.15
-24.14
1.36
1.94
2.37
1.67
2.91
3.99
13.25
14.11
19.26
21.22
22.15
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,217
1,167
1,365
LT Borrowings
1,059
1,077
975
LT Finance Leases
7
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,500
1,500
1,500
Market Capitalization
17,957
17,432
15,076

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,490
15,524
15,572
Cash, Cash Equivalents & STI
3,316
3,227
3,336
Accounts Receivable, Net
5,984
6,300
6,096
Inventories
3,249
3,616
3,854
Total Current Liabilities
11,270
11,966
11,895
Payables & Accruals
- -
- -
- -
ST Debt
1,217
1,167
1,365
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.1%
12.35%
16.9%
Free Cash Flow
34.43%
11.06%
53.39%
Net Income, GAAP
44.1%
84.9%
9.86%
Sales/Revenue/Turnover
15.77%
15.97%
2.82%
Total Cash Common Dividend
24.88%
53.96%
-3.56%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,209
3,439
3,328
4,382
14,219
2025
3,301
3,703
- -
4,132
14,620
2026
3,964
4,313
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.14
0.17
0.29
0.73
2025
0.19
0.2
- -
0.25
0.81
2026
0.22
0.23
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.16
- -
0.01
0.18
2025
0.02
0.03
- -
0.03
0.17
2026
0.01
0.11
- -
- -
- -
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Business
Shantui Construction Machinery Co., Ltd. (000680.SZ) manufactures and sells construction machinery worldwide. The company produces bulldozers, loaders, excavators, push loaders, mining trucks, graders, rollers, milling machines, pavers, cold recycling machines, concrete mixing equipment, road mixing equipment, dry mix mortar equipment, concrete conveying equipment, mobile crushing and screening equipment, sprinklers, relocation machines, pusher rakes, skid steer loaders, trash compactors, environmental sanitation bulldozers, bulldozer chassis and wearing parts, excavator chassis and wearing parts, and core transmission components; it also offers operation leasing services, mining services, and tiered service packages including basic maintenance and extended warranty value-added services. Shantui operates in mining, road construction and maintenance, agriculture, forestry and water conservancy, port terminals, quarrying and concrete, urban construction, airports, bridges, and sanitation sectors, serving customers through 27 monopolized stores, 53 agencies, and 320 marketing points in China, plus over 100 overseas agents and subsidiaries in South Africa, United Arab Emirates, Brazil, United States, and more, with products sold in over 170 countries and regions. Founded in 1952 as Yantai Machinery Factory and relocated to Jining in 1966, Shantui established its current corporate form in 1993, listed on the Shenzhen Stock Exchange in 1997, and serves as a subsidiary of Shandong Heavy Industry Group with headquarters in Jining, Shandong Province, China. Recent developments include the completion of its acquisition of 100% equity in Shan Chong Construction Machinery Co., Ltd. in December 2024 to bolster excavator capabilities; agreement in November 2024 to acquire Strong Construction Machinery Co., Ltd. for CNY 184.11 million, approved by shareholders in late 2024; a completed equity buyback of 10,762,650 shares (0.72% of outstanding shares) for CNY 99.99 million by September 2025 under a plan announced in April 2025; and plans announced in late 2025 to invest $7.5 million in establishing subsidiaries in Indonesia, Australia, Nigeria, and Thailand to expand in emerging construction and mining markets. Shantui maintains the world's largest bulldozer manufacturing base with annual capacities of 10,000 bulldozers, 10,000 loaders, 10,000 excavators, 6,000 road machinery units, 500 concrete mixing stations, 150,000 track assemblies, and 20,000 gearboxes, while advancing innovations in 5G remote control, intelligent networking, high-power products, new energy equipment, and digital factories.