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Zhejiang Southeast Space Frame Co., Ltd. Class A

Zhejiang Southeast Space Frame Co., Ltd. Class A

SSZSE:002135
5.30
CNY
-0.01
(-0.19%)
7.57BMarket Cap
Oct 28Next Earn
Zhejiang Southeast Space Frame Co., Ltd. Class A
SZSE:002135
(Shenzhen Stock Exchange)

Recent

price

5.30

P/E

ratio

- -

div

yld

0.97%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
5.76
6.08
4.47
4.92
5.9
7.51
7.01
9.03
8.66
8.73
8.89
10.99
10.38
11.05
10.04
7.66
- -
Revenue per Share
0.13
0.15
0.11
0.08
0.09
0.05
0.06
0.12
0.17
0.26
0.26
0.48
0.25
0.28
0.17
0.04
- -
Basic EPS, GAAP
0.49
-0.5
-1.19
-0.23
-0.25
-0.68
-0.07
0.3
-0.18
-0.19
-0.43
-0.75
-1.19
-1.88
0.87
-0.49
- -
Free Cash Flow per Basic Share
0.11
0.13
0.13
0.16
0.19
0.22
0.17
0.13
0.1
0.1
0.11
0.15
0.19
0.22
0.19
0.14
0.05
Dividend per Share
1.87
2.5
2.35
2.41
2.49
2.79
2.84
3.75
3.89
4.12
4.23
5.82
5.31
5.57
5.83
5.78
5.68
Book Value per Share
1.64
2.33
2.21
2.19
2.28
2.61
2.67
3.62
3.69
3.93
3.09
4.65
4.93
5.18
5.43
5.44
5.39
Tangible Book Value per Share
547
601
749
756
717
692
819
863
1,004
1,029
1,042
1,027
1,163
1,176
1,120
1,225
1,214
Basic Weighted Avg Shares
3,151
3,657
3,351
3,721
4,227
5,196
5,738
7,792
8,695
8,976
9,256
11,287
12,064
13,000
11,242
9,378
- -
Sales/Revenue/Turnover
5.35
5.19
6.45
5.23
4.46
4.42
4.79
4.34
3.85
4.54
5.26
6.87
5.4
4.93
4.03
2.18
- -
Operating Margin (%)
67
69
68
69
72
124
148
163
204
201
205
229
259
263
287
262
- -
Depreciation Expense
73
90
82
60
65
35
49
104
171
267
271
493
291
329
190
49
- -
Net Income, GAAP
12.98
16.24
13.92
14.79
14.05
43.14
13.86
7.21
6.36
12.44
21.27
11.39
20.54
14.49
21.16
47.75
- -
Effective Tax Rate (%)
2.31
2.47
2.46
1.63
1.53
0.67
0.86
1.33
1.96
2.98
2.93
4.37
2.41
2.53
1.69
0.52
- -
Profit Margin (%)
204
879
650
201
273
726
693
1,883
1,621
1,653
1,200
2,841
4,144
3,827
5,814
6,202
5,484
Working Capital
29
35
30
20
425
555
410
100
- -
225
259
462
1,164
607
2,258
2,776
2,426
LT Debt
1,053
1,718
1,785
1,837
1,896
2,412
2,461
3,917
4,040
4,391
4,854
6,496
6,235
6,449
6,548
6,495
6,405
Total Equity
4.11
3.7
2.84
1.97
1.75
0.72
1.02
2.21
3.48
4.54
4.19
6.18
3.28
3.47
1.79
0.46
- -
Return on Invested Capital (%)
5.36
5.84
4.9
4.2
3.58
1.93
2.94
3.69
3.99
5.58
4.98
7.01
3.84
4.18
2.71
1.07
- -
Return on Capital (%)
7.45
6.7
4.79
3.39
3.52
1.63
2.04
3.28
4.32
6.45
6.27
9.49
4.76
5.23
2.95
0.76
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,336
2,180
1,196
LT Borrowings
2,718
2,477
2,373
LT Finance Leases
58
53
54
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,116
1,116
1,116
Market Capitalization
5,064
7,296
7,574

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
16,362
14,555
12,966
Cash, Cash Equivalents & STI
1,917
2,327
1,780
Accounts Receivable, Net
3,557
2,981
3,055
Inventories
1,302
1,218
931
Total Current Liabilities
10,159
8,702
7,482
Payables & Accruals
- -
- -
- -
ST Debt
3,336
2,180
1,196
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.75%
6.79%
-0.81%
Free Cash Flow
-75.87%
-18.79%
-161.32%
Net Income, GAAP
21.35%
-12.43%
-74.28%
Sales/Revenue/Turnover
7.07%
1.3%
-16.58%
Total Cash Common Dividend
3.25%
12.44%
-19.32%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,007
3,233
2,852
2,152
11,242
2025
2,437
2,100
- -
2,665
9,378
2026
1,896
2,014
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.03
0.03
0.02
0.17
2025
0.04
- -
- -
- -
0.04
2026
0.01
0.01
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.13
0.02
0.02
0.19
2025
0.01
0.1
- -
0.02
0.14
2026
0.01
0.02
- -
- -
- -
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Business
Zhejiang Southeast Space Frame Co., Ltd. (002135.SZ) designs, manufactures, installs and provides engineering services for steel structures with a focus on space frames, light steel structures, heavy steel structures and prefabricated buildings; it also produces chemical fibers including polyester pre-oriented yarn (POY), fully drawn yarn (FDY), draw textured yarn (DTY) and polyester chips; produces steel deep-processed products such as hot-dip galvanized coils, cold-rolled steel coils and high-quality carbon steel coils; develops real estate projects; engages in trade of steel materials, machinery, equipment and building materials; invests in PPP infrastructure projects and medical/health initiatives; and manages big health operations encompassing hospital management, rehabilitation, elderly care and medical investments. The company, founded in 1984 and headquartered at No. 593 Yaqian Road, Yaqian Town, Xiaoshan District, Hangzhou, Zhejiang Province, China, operates six major manufacturing bases across East China, South China, Southwest China and North China with an annual steel structure production capacity exceeding 1.3 million tons; it serves sectors including airports, exhibition centers, stadiums, high-speed rail stations, super high-rise buildings, health facilities, real estate, petrochemicals, home appliances, automobiles and new energy, with projects spanning China and international markets in Southeast Asia, Central Asia, the Middle East and the Americas. Subsidiaries and affiliates include Zhejiang Southeast New Material Technology Co., Ltd. for steel processing and new materials, Zhejiang Southeast Medical Investment Co., Ltd. for health services, and Zhejiang Southeast Real Estate Development Co., Ltd. In the first half of 2025, the company and its units signed 70 new construction contracts totaling RMB 3.411 billion, down 36.89% year-on-year, including a RMB 1.18 billion EPC contract for a Qianjiang project and a bid win for the RMB 16.9 billion United Development Project of Five Villages in Hangzhou's Puye Street; it reported 36 new orders worth RMB 2.468 billion in Q1 2025, up 1.48% year-on-year, and continues expanding in prefabricated steel structures, photovoltaic building integration and green construction with over 500 patents including 127 invention patents.