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Haian Rubber Group Co., Ltd. Class A

Haian Rubber Group Co., Ltd. Class A

SSZSE:001233
56.73
CNY
+3.23
(+6.04%)
2.32EPS
19.28P/E
8.31BMarket Cap
Oct 28Next Earn
Haian Rubber Group Co., Ltd. Class A
SZSE:001233
(Shenzhen Stock Exchange)

Recent

price

56.73

P/E

ratio

19.28

div

yld

3.86%

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
CNY
5
5.64
10.82
16.14
16.49
15.56
13.07
Revenue per Share
0.45
0.59
2.54
4.69
4.87
3.9
2.32
Basic EPS, GAAP
0.18
-0.61
0.87
2.4
0.24
1.31
- -
Free Cash Flow per Basic Share
0.25
0.41
0.79
0.09
0.06
0.04
2.19
Dividend per Share
1.77
5.64
7.49
12.18
17.11
25.12
26.08
Book Value per Share
1.64
5.5
7.49
12.05
16.98
23.4
24.38
Tangible Book Value per Share
100
135
139
139
139
143
174
Basic Weighted Avg Shares
498
759
1,508
2,251
2,300
2,232
2,270
Sales/Revenue/Turnover
19.06
15.64
100
34.9
35.78
28.82
24.72
Operating Margin (%)
181
205
210
245
272
327
- -
Depreciation Expense
45
79
354
654
679
560
403
Net Income, GAAP
20.18
18.07
12.16
16.86
16.04
15.43
19.36
Effective Tax Rate (%)
9.01
10.47
23.47
29.06
29.53
25.07
17.74
Profit Margin (%)
-193
322
317
928
1,144
3,245
3,350
Working Capital
132
164
168
260
148
116
142
LT Debt
247
786
1,044
1,699
2,387
4,671
4,851
Total Equity
- -
10
33.95
41.11
29.16
14.55
9.43
Return on Invested Capital (%)
- -
14.31
35.06
39.64
28.85
14.55
9.68
Return on Capital (%)
- -
15.37
38.68
47.67
33.23
15.86
10.64
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
268
365
441
LT Borrowings
112
118
135
LT Finance Leases
4
4
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
186
186
186
Market Capitalization
11,095
11,536
8,313

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,565
4,276
4,459
Cash, Cash Equivalents & STI
3,069
2,808
2,910
Accounts Receivable, Net
882
848
913
Inventories
426
422
449
Total Current Liabilities
1,320
1,051
1,110
Payables & Accruals
- -
- -
- -
ST Debt
268
365
441
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
89.99%
95.69%
Free Cash Flow
- -
-52.45%
455.92%
Net Income, GAAP
- -
98.7%
-17.59%
Sales/Revenue/Turnover
- -
39.89%
-2.94%
Total Cash Common Dividend
- -
13.71%
-26.88%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
518
553
629
600
2,300
2025
468
611
539
614
2,232
2026
474
643
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.91
1.24
1.42
1.3
4.87
2025
1.02
1.42
0.87
0.52
3.9
2026
0.29
0.7
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.06
2025
0.01
- -
0.01
0.01
0.04
2026
2.04
0.01
- -
- -
- -
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Business
Hai'an Rubber Group Co., Ltd. (001233.SZ) engages in the research, development, production, and sales of giant all-steel engineering radial tires, as well as the operation and management of mining tires. The company possesses production technology and mass-production capabilities for a full range of all-steel giant tires with rim diameters of 49 inches or more, including premium LUAN brand off-the-road (OTR) tires such as sizes from 27.00R49 up to 59/80R63 designed for surface mining trucks, earthmovers, and loaders in harsh conditions; it provides these products and related services to hundreds of mines, mining companies, mine machinery manufacturers, mining service contractors, and tire traders both domestically in China and internationally. Headquartered in Fengting Industry Park, Xianyou County, Putian, Fujian Province, China, the company was founded in 1983 and operates primarily in the tires and rubber industry within the automobiles sector, targeting the global off-road tire market for mining, ports, construction sites, and large farms. In November 2025, Hai'an Rubber Group listed on the Shenzhen Stock Exchange Main Board following a public issuance of 46.493 million shares at 48 yuan per share, raising funds for projects including the expansion of production capacity and technological upgrading of fully automated all-steel giant tire production lines, construction of a research and development center, and replenishment of working capital totaling approximately RMB 2.852 billion. This IPO marks a significant strategic milestone, enhancing its capacity to meet growing global demand for all-steel giant tires amid market undersupply and a projected CAGR of robust growth. The company reported operating revenues of RMB 1.508 billion, RMB 2.251 billion, and RMB 2.3 billion in 2022, 2023, and 2024, respectively, with net profits of RMB 354 million, RMB 654 million, and RMB 679 million over the same periods, reflecting strong financial performance in its core mining tire segment.