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    Process industries

  3. •

    Industrial specialties
Hainan Development Holdings Nanhai Co., Ltd. Class A

Hainan Development Holdings Nanhai Co., Ltd. Class A

SSZSE:002163
6.94
CNY
+0.11
(+1.61%)
-0.40EPS
7.05BMarket 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
4.83
4.84
5.72
8.21
4.71
5.85
5.51
5.62
5.44
4.25
5.02
4.64
4.15
4.05
Basic EPS, GAAP
-0.64
0.02
-0.29
0.01
-0.01
0.04
0.06
0.19
0.13
-0.17
0.11
-0.45
-0.56
-0.44
Free Cash Flow per Basic Share
-0.15
0.16
-0.09
0.45
0.5
0.57
0.45
0.34
0.02
-0.05
0.12
-0.12
-0.26
- -
Dividend per Share
0.31
0.25
0.26
0.3
0.16
0.16
0.09
0.06
0.05
0.04
0.03
0.03
0.04
0.03
Book Value per Share
1.18
1.2
0.9
0.91
0.82
0.84
0.82
1.01
1.12
1.59
1.71
1.27
0.71
0.63
Tangible Book Value per Share
0.91
1.05
0.72
0.78
0.61
0.67
0.69
0.88
0.99
1.47
1.61
1.17
0.32
0.27
Basic Weighted Avg Shares
800
954
793
546
978
816
854
787
802
851
832
843
843
845
Sales/Revenue/Turnover
3,860
4,617
4,539
4,483
4,604
4,777
4,704
4,421
4,365
3,616
4,183
3,912
3,500
3,421
Operating Margin (%)
-5.34
-2.17
-4.75
3.27
2.52
0.61
4.01
5.85
1.89
-3.69
-0.88
-1.71
-0.07
1.38
Depreciation Expense
252
307
257
162
217
260
125
116
139
146
125
113
80
- -
Net Income, GAAP
-512
19
-230
5
-10
33
51
150
104
-145
92
-379
-472
-372
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
26.57
13.97
6.72
- -
7.67
- -
- -
- -
Profit Margin (%)
-13.26
0.41
-5.07
0.12
-0.21
0.68
1.09
3.38
2.39
-4
2.19
-9.7
-13.49
-10.88
Working Capital
-1,059
-894
-1,286
-1,462
-1,908
-520
-612
-629
-736
-154
-64
-250
-79
-35
LT Debt
1,292
1,211
1,236
1,074
663
63
53
79
57
120
77
8
393
348
Total Equity
1,935
1,817
1,284
1,197
1,127
954
879
1,040
1,104
1,513
1,595
1,130
916
875
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
1.96
10.09
9.47
- -
4.29
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
3.52
9.27
4.67
- -
5.66
- -
- -
- -
Return on Common Equity (%)
-44.35
2
-27.26
0.75
-1.4
4.88
7.65
20.3
12.17
-12.88
6.56
-30.15
-56.59
-46.89

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
708
780
889
LT Borrowings
367
371
323
LT Finance Leases
26
30
25
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
845
845
845
Market Capitalization
20,144
11,077
7,047

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,824
3,608
3,622
Cash, Cash Equivalents & STI
918
751
578
Accounts Receivable, Net
690
584
638
Inventories
246
246
327
Total Current Liabilities
3,903
3,614
3,657
Payables & Accruals
- -
- -
- -
ST Debt
708
780
889
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.7%
0.12%
-18.92%
Free Cash Flow
-124.03%
-168.67%
112.66%
Net Income, GAAP
-148.86%
-184.43%
24.46%
Sales/Revenue/Turnover
-2.21%
-3.95%
-10.52%
Total Cash Common Dividend
-15.28%
-7.68%
25.94%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
782
1,080
919
1,131
3,912
2025
700
864
- -
1,001
3,500
2026
690
866
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
-0.02
-0.22
-0.17
-0.45
2025
-0.02
-0.23
- -
-0.13
-0.56
2026
- -
-0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Jun Ma
Full Time Employees
2,171
Sector
Process industries
Industry
Industrial specialties
Address
Building 5, Block E Shenzhen GD China 518054
IPO Date
Aug 23, 2007
Website
sanxinglass.com
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Business
Hainan Development Holdings Nanhai Co., Ltd. specializes in the manufacturing, sale, and installation of advanced glass products, along with comprehensive curtain wall and interior decoration engineering services, serving clients both in China and across global markets. The company provides an extensive array of curtain wall solutions and undertakes interior fit-out projects for a wide range of structures, including corporate offices, commercial developments, transportation hubs, hospitality venues, and residential buildings. Its sophisticated glass offerings encompass energy-efficient architectural glass, such as various Low-E coatings for solar control, heat-reflective coated glass, and safety glass types like tempered, semi-tempered, insulating, and laminated glass. The portfolio further extends to specialty forms like bent, double-curved, hot bent, color-printed, and ceramic frit glass, as well as fire-resistant and bulletproof options. In the realm of renewable energy, the company produces intelligent photovoltaic glass, including ultra-clear patterned double-coated glass, high-transmittance, ultra-thin, and large-sized AR toughened photovoltaic glass. Additionally, it offers high-precision electronic display glass, such as anti-reflective (AR) optical glass, anti-glare (AG) glass, ITO conductive glass, and aviation-grade special glass for demanding applications like aircraft windscreens. Beyond its product lines, the enterprise also delivers expert design, processing, construction, and technical support services. Established in 1995 and headquartered in Shenzhen, China, the company was previously known as AVIC Sanxin Co., Ltd. before adopting its current name in June 2020. A national high-tech enterprise, Hainan Development Holdings Nanhai is a state-owned listed entity under the Hainan State-owned Assets Supervision and Administration Commission, which operates through Hainan Development Holdings Co., Ltd. Recent strategic moves include increasing its stake in Haikong Sanxin (Bengbu) New Energy Materials Co., Ltd. and agreeing to acquire Hangzhou Wangying Technology Co., Ltd.