Zhengzhou Suda Industry Machinery Service Co., Ltd. Class A

Zhengzhou Suda Industry Machinery Service Co., Ltd. Class A

SSZSE:001277
28.38
CNY
+0.35
(+1.25%)
1.22EPS
23.99P/E
2.10BMarket 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
4.51
6.57
6.05
5.19
8.31
11.57
11.07
10.57
14.42
18.88
22.01
18.46
13.98
16.44
Basic EPS, GAAP
0.56
0.71
0.38
0.52
1.39
1.92
1.23
1.27
1.79
1.84
2.85
2.22
1.14
1.15
Free Cash Flow per Basic Share
0.64
-0.73
0.2
0.94
-0.15
0.89
-0.44
-0.86
-1.12
-0.84
2.23
0.91
-0.03
- -
Dividend per Share
- -
- -
0.37
0.03
0.2
0.4
0.59
- -
0.07
0.68
0.15
0.08
0.56
0.41
Book Value per Share
2.51
2.61
3.18
3.68
4.81
6.47
7.52
8.79
10.62
11.94
14.81
19.91
20.48
20.76
Tangible Book Value per Share
2.5
2.59
3.16
3.67
4.81
6.46
7.48
7.89
9.65
10.95
13.85
19.21
19.76
20.05
Basic Weighted Avg Shares
50
50
50
54
54
54
56
57
57
57
57
63
76
76
Sales/Revenue/Turnover
224
328
303
280
450
630
619
604
822
1,076
1,253
1,167
1,062
1,250
Operating Margin (%)
15.71
15.12
13.94
12.99
23.48
24.33
14
15.99
17.66
15.55
17.27
16.35
11.13
10.58
Depreciation Expense
3
3
3
3
3
4
7
9
16
37
39
45
53
- -
Net Income, GAAP
28
35
19
28
75
104
69
73
102
105
162
140
87
87
Effective Tax Rate (%)
26.05
25.32
29.79
25.34
26.32
22.22
23.33
24.57
24.41
25.28
20.38
16.86
11.66
14.58
Profit Margin (%)
12.42
10.8
6.28
10.02
16.73
16.59
11.11
12.02
12.42
9.75
12.95
12.02
8.15
6.99
Working Capital
126
143
186
220
275
354
317
320
357
421
571
1,039
1,037
1,078
LT Debt
- -
- -
- -
- -
- -
- -
- -
46
149
187
148
1
3
14
Total Equity
143
149
181
213
278
372
429
501
605
681
863
1,534
1,581
1,607
Return on Invested Capital (%)
- -
20.28
10.15
15.1
33.67
37.78
22.33
18.08
18.42
14.92
18.87
11.68
5.98
5.65
Return on Capital (%)
- -
24.25
11.88
14.17
30.29
32.22
17.21
14.88
15.74
15.02
17.74
10.94
5.27
5.03
Return on Common Equity (%)
- -
24.25
11.53
14.35
31.09
32.47
17.24
15.61
18.46
16.32
21.29
11.91
5.64
5.66

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
13
10
79
LT Borrowings
- -
- -
- -
LT Finance Leases
3
13
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
76
76
76
Market Capitalization
3,002
2,653
2,097

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,487
1,446
1,525
Cash, Cash Equivalents & STI
530
426
469
Accounts Receivable, Net
593
598
624
Inventories
250
261
282
Total Current Liabilities
450
364
447
Payables & Accruals
- -
- -
- -
ST Debt
13
10
79
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.5%
28.18%
3.1%
Free Cash Flow
-96.22%
-103.46%
-103.53%
Net Income, GAAP
27.25%
9.27%
-38.31%
Sales/Revenue/Turnover
15.67%
13.53%
-9.01%
Total Cash Common Dividend
392.16%
658.25%
788.16%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
280
290
277
320
1,167
2025
167
336
- -
338
1,062
2026
242
333
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.55
0.83
0.44
0.37
2.22
2025
0.14
0.39
- -
0.15
1.14
2026
0.19
0.43
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.02
- -
0.08
2025
0.14
0.41
- -
- -
0.56
2026
- -
- -
- -
- -
- -

Company Description

CEO
Run Ping Liu
Full Time Employees
766
Sector
Finance
Industry
Finance/Rental/Leasing
Address
Zhengzhou China
IPO Date
Aug 21, 2024
Website
su-da.cn
Business
Zhengzhou Suda Industry Machinery Service Co., Ltd. is a China-based industrial service provider that specializes in full lifecycle management and aftermarket support for industrial machinery, primarily serving the coal mining, energy extraction, and heavy engineering machinery sectors. Founded in 2009 and headquartered in Zhengzhou, Henan Province, China, the company operates across key coal-producing provinces including Henan, Shaanxi, Shanxi, and Inner Mongolia, delivering integrated mechanical services to state-owned and commercial energy enterprises. The company provides a comprehensive portfolio of products and technical solutions organized into five primary business divisions: Maintenance and Remanufacturing Services, which includes technical inspection, structural repair, performance restoration, and precision remanufacturing of fully mechanized mining equipment, hydraulic support systems, coal shearers, scraper conveyors, and roadheaders; Spare Parts Supply Management, comprising demand forecasting, centralized procurement, inventory management, warehousing, and rapid-dispatch distribution of specialized mechanical components, wear parts, and assembly modules; Specialized General Contracting Services, which delivers end-to-end on-site equipment maintenance, real-time operating condition monitoring, preventative servicing, fault troubleshooting, and total operational maintenance contracting linked to coal output; Used Equipment Leasing and Sales, covering the appraisal, refurbishment, technical retrofitting, short- and long-term leasing, and secondary-market brokerage of idle or pre-owned mining machinery; and Fluid Connectors and Systems, involving the research, engineering design, manufacturing, and distribution of high-pressure hydraulic hoses, rigid steel hydraulic piping, quick-release couplings, fluid connectors, and fluid conveyance assemblies for original equipment manufacturers and aftermarket operators. In recent corporate developments, Zhengzhou Suda completed its initial public offering on the Shenzhen Stock Exchange Main Board in September 2024 under the stock code 001277, deploying proceeds to expand its nationwide network of service centers and remanufacturing bases. Expanding beyond traditional coal mining machinery, the company launched strategic initiatives in adjacent high-value industrial sectors, including the establishment of Zhengzhou Suda Oil & Gas Intelligent Equipment Technology Co., Ltd. to provide aftermarket maintenance, engineering services, and spare parts for oil and gas extraction equipment, as well as the commercialization of liquid cooling solutions through its fluid technology subsidiaries. To optimize subsidiary capital structures and accelerate capacity expansion across strategic northern energy hubs, the company executed direct capital increases into key operating subsidiaries, including Zhengzhou Airport Area Suda Industrial Machinery Service Co., Ltd. and Ordos Suda Industrial Machinery Service Co., Ltd., enhancing regional technical response speed and large-scale remanufacturing operations.