1. China Stocks

  2. •

    Producer manufacturing

  3. •

    Auto parts: OEM
Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

Zhejiang Wanfeng Auto Wheel Co., Ltd. Class A

SSZSE:002085
9.69
CNY
-0.38
(-3.77%)
0.57EPS
28.70P/E
29.87BMarket Cap
Oct 26Next Earn
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
2.2
3.96
4.08
4.36
4.63
5.05
5.78
5.11
5.97
7.9
7.8
7.97
7.61
7.6
Basic EPS, GAAP
0.14
0.26
0.38
0.44
0.41
0.44
0.41
0.27
0.16
0.39
0.35
0.32
0.47
0.49
Free Cash Flow per Basic Share
0.03
0.16
0.07
0.27
0.13
-0.02
0.2
0.6
0.15
0.47
0.72
0.28
0.43
- -
Dividend per Share
0.11
0.14
0.04
0.06
0.11
0.35
0.42
0.32
0.22
0.14
0.22
0.26
0.28
0.28
Book Value per Share
0.81
1.43
1.88
2.43
2.75
2.89
3.65
2.45
2.33
2.83
3.14
3.27
3.58
3.6
Tangible Book Value per Share
0.45
0.91
1.4
1.94
2.28
2.21
2.06
0.89
0.82
1.29
1.66
1.82
1.97
2
Basic Weighted Avg Shares
2,065
2,066
2,081
2,177
2,196
2,179
2,185
2,096
2,084
2,074
2,077
2,042
2,100
2,043
Sales/Revenue/Turnover
4,552
8,182
8,481
9,486
10,177
11,005
12,635
10,699
12,436
16,382
16,207
16,264
15,987
15,523
Operating Margin (%)
9.7
11.16
13.58
14.07
11.49
11.41
10.45
10.09
6.3
9.82
11.37
8.67
9.12
9.09
Depreciation Expense
162
332
345
378
416
503
643
663
691
683
665
592
546
- -
Net Income, GAAP
297
542
798
958
901
959
896
566
333
809
727
653
987
1,002
Effective Tax Rate (%)
12.84
19.3
19.59
18.86
16.42
19.93
14.23
7.74
12.1
17.74
20.06
22.34
14.16
14.86
Profit Margin (%)
6.53
6.63
9.4
10.1
8.85
8.71
7.09
5.29
2.68
4.94
4.49
4.02
6.18
6.45
Working Capital
640
558
1,765
1,812
2,396
2,195
2,383
374
239
972
2,343
4,002
3,918
4,441
LT Debt
468
493
1,030
382
397
1,602
1,165
1,323
1,168
654
755
1,868
1,477
1,780
Total Equity
2,070
3,464
4,710
5,756
6,534
6,826
10,008
7,509
7,253
8,376
9,379
9,617
10,216
10,258
Return on Invested Capital (%)
14.48
15.72
14.9
15.37
13.61
9.56
7
5.25
3.29
7.5
7.24
5.93
7.37
6.83
Return on Capital (%)
9.28
12.24
13.1
13.44
11.61
10.96
7.44
4.25
2.89
6.14
4.54
4.54
6.87
6.54
Return on Common Equity (%)
18.55
23.55
22.66
20.37
15.92
15.55
12.52
8.48
6.37
14.5
11.38
9.56
13.58
13.75

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
2,845
3,125
3,197
LT Borrowings
1,850
1,349
1,654
LT Finance Leases
161
129
126
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,123
2,123
2,123
Market Capitalization
33,739
33,994
29,875

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
10,539
10,324
10,585
Cash, Cash Equivalents & STI
2,139
2,030
1,957
Accounts Receivable, Net
4,059
3,880
3,975
Inventories
3,428
3,026
3,183
Total Current Liabilities
6,041
6,406
6,144
Payables & Accruals
- -
- -
- -
ST Debt
2,845
3,125
3,197
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.46%
6.56%
6.23%
Free Cash Flow
-54.63%
35.88%
58.83%
Net Income, GAAP
10.96%
26.49%
51.11%
Sales/Revenue/Turnover
7.23%
9.11%
-1.7%
Total Cash Common Dividend
37.4%
2.81%
11.33%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,540
3,832
3,999
4,894
16,264
2025
3,567
3,927
- -
4,572
15,987
2026
3,458
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.08
0.08
0.04
0.32
2025
0.13
0.11
- -
0.13
0.47
2026
0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.18
0.02
0.03
0.26
2025
0.02
0.12
- -
0.13
0.28
2026
0.02
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Deng Feng Yu
Full Time Employees
10,715
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
Xinchang Industrial Park Shaoxing ZH China 312500
IPO Date
Nov 28, 2006
Website
wfaw.com.cn
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Business
Zhejiang Wanfeng Auto Wheel Co., Ltd. manufactures and sells lightweight automotive metal parts and general aviation aircraft, with a dual-engine growth strategy encompassing aluminum alloy wheels, magnesium alloy components, high-strength steel parts, and Diamond-brand aircraft. The company produces aluminum alloy auto wheels under the ZCW brand with an annual capacity of 18 million units across facilities in China's Zhejiang, Shandong, Jilin, and Chongqing provinces; aluminum alloy motorcycle wheels through subsidiary Zhejiang Wanfeng Motorcycle Wheel Co., Ltd., founded in 1994, with over 22 million units annual capacity at bases in China's Guangdong province and Bawer, India, capturing about one-third of the global market; magnesium alloy auto parts including cross car beams, front-end structures, seat brackets, lift gate closures, and transmission cases, positioning it as the world's largest supplier with applications expanding into 5G and 3C sectors for customers such as Porsche, Audi, Mercedes-Benz, BMW, Volvo, Land Rover, Toyota, Honda, Ford, GM, Fiat, and Chrysler; steel stamping parts; and environmentally friendly coatings for automobiles, wind power, subways, aerospace, appliances, and infrastructure, with 28 lines and 70,000 tons annual capacity at bases in Shanghai, Ningbo, and Jiaxing, commanding 40% of China's market. It operates manufacturing and R&D bases in 10 countries and regions worldwide, exports to over 30 countries including the United States, Japan, Germany, France, Russia, South Korea, Brazil, and India, and serves major OEMs alongside aftermarket channels. Founded in 2001 and headquartered in Xinchang, Zhejiang province, China, the company listed on the Shenzhen Stock Exchange main board in 2006 as the first in its peer group and employs over 10,000 people across its auto parts and aviation segments. In March 2025, its subsidiary Wanfeng Aviation Industry Co., Ltd., through German entity Heptus 591 GmbH, completed the acquisition of insolvent eVTOL developer Volocopter GmbH's tangible assets, intellectual property, and select contracts for 10 million euros to bolster low-altitude economy capabilities, following its prior 2017 purchase of Diamond Aircraft; the company plans Volocopter 2X TC certification in 2025-2026 while advancing other eVTOL models amid 2024 revenue of 16.3 billion yuan and initiatives to mitigate U.S.-China tariff impacts.