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    Process industries

  3. •

    Industrial specialties
Sanlux Co. Ltd. Class A

Sanlux Co. Ltd. Class A

SSZSE:002224
3.56
CNY
+0.03
(+0.85%)
-0.04EPS
2.95BMarket 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
1.47
1.47
1.43
1.26
1.35
1.44
1.37
1.22
1.39
1.23
1.35
1.08
1.14
1.26
Basic EPS, GAAP
0.23
0.3
0.38
0.34
0.24
0.13
0.19
0.23
0.16
0.09
0.1
0.04
0.02
-0.02
Free Cash Flow per Basic Share
-0.02
0.36
0.49
0.07
0.08
-0.04
0.16
-0.06
0.23
-0.07
-0.25
-0.36
-0.13
- -
Dividend per Share
0.04
0.05
0.1
0.1
0.1
0.05
0.02
0.02
0.02
0.03
0.06
0.05
0.04
0.05
Book Value per Share
1.61
1.87
2.17
2.42
2.57
2.89
3.14
3.31
3.35
3.4
3.44
3.57
3.57
3.56
Tangible Book Value per Share
1.57
1.75
2.03
2.17
2.26
2.64
2.92
3
3.04
3.12
3.16
3.29
3.3
3.3
Basic Weighted Avg Shares
642
658
650
664
670
640
691
736
706
720
691
828
918
890
Sales/Revenue/Turnover
945
970
931
836
902
919
946
900
978
889
930
894
1,051
1,123
Operating Margin (%)
18.32
23.33
28.34
26.79
20.15
15.86
18.21
25.53
15.61
5.45
5.29
5.49
1.58
-2.55
Depreciation Expense
32
37
40
46
52
58
58
56
65
77
75
65
92
- -
Net Income, GAAP
148
197
247
226
161
83
131
169
113
65
69
33
18
-21
Effective Tax Rate (%)
14.36
13.91
14.56
16.25
14.34
21.61
17.17
18.93
7.08
19.92
16.37
39.26
43.55
- -
Profit Margin (%)
15.63
20.36
26.52
27.02
17.83
9.05
13.88
18.8
11.55
7.29
7.43
3.7
1.75
-1.91
Working Capital
735
845
961
972
762
1,389
1,391
1,517
1,551
1,474
827
1,258
1,234
1,051
LT Debt
- -
- -
- -
- -
- -
457
207
176
188
200
2
2
184
21
Total Equity
1,075
1,280
1,456
1,620
1,729
1,961
2,312
2,434
2,448
2,491
2,519
3,227
3,214
3,197
Return on Invested Capital (%)
16.14
16.3
17.22
13.99
9.19
3.79
5.18
6.44
4.18
2.43
2.54
1.03
0.35
- -
Return on Capital (%)
17
16.64
18.07
14.72
9.62
4.9
6.16
7.06
4.74
2.87
2.97
1.37
0.81
- -
Return on Common Equity (%)
18.05
17.31
18.62
14.96
9.8
4.63
6.31
7.24
4.65
2.63
2.77
1.15
0.57
-0.67

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
261
217
577
LT Borrowings
183
183
20
LT Finance Leases
1
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
902
902
902
Market Capitalization
3,960
4,249
2,950

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,954
1,884
2,042
Cash, Cash Equivalents & STI
1,345
1,224
1,368
Accounts Receivable, Net
110
156
163
Inventories
416
429
428
Total Current Liabilities
720
677
991
Payables & Accruals
- -
- -
- -
ST Debt
261
217
577
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.58%
6.23%
-0.4%
Free Cash Flow
-124.72%
-63.75%
-59.23%
Net Income, GAAP
-16.47%
-33.18%
-44.52%
Sales/Revenue/Turnover
1.55%
3.57%
17.53%
Total Cash Common Dividend
2.68%
21.57%
-21.28%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
136
211
239
308
894
2025
184
257
- -
337
1,051
2026
223
306
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.09
- -
-0.04
0.05
2025
- -
0.03
- -
- -
0.04
2026
- -
0.02
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Qiong Ying Wu
Full Time Employees
1,287
Sector
Process industries
Industry
Industrial specialties
Address
Phoenix Innovation Park Shaoxing ZH China 312031
IPO Date
Apr 25, 2008
Website
v-belt.com
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Business
Sanlux Co., Ltd. (002224.SZ) manufactures and distributes rubber transmission belts principally for industrial, agricultural, and automotive applications. The company produces rubber V-belts including agricultural machinery V-belts such as banded, wrapped, and cut-edge variants for tractors, harvesters, and cultivators; industrial V-belts for general machinery, pumps, and compressors; automotive V-belts encompassing EPDM multi-wedge, CVT transmission, and high-performance types for engines and accessories; conveyor belts; synchronous belts; and specialized custom rubber belts for unique applications. Founded in 1984 and headquartered in Phoenix Innovation Park, Keyan Street, Shaoxing, Zhejiang Province, China, Sanlux operates through an extensive network of over 3,000 distributors serving all provinces in China and exporting to more than 50 countries across six continents, with primary overseas markets in Europe and the United States. The company maintains a domestic market share of approximately 30% and has held the top position in China's rubber V-belt industry for 28 consecutive years. In recent developments, Sanlux completed construction of the world's leading V-belt inspection and R&D center at its Tiantai Smart Factory in 2024, enhancing its innovation capabilities alongside existing facilities like the provincial postdoctoral workstation and Phoenix Intelligent Manufacturing Technology Center. The company announced plans in October 2024 to repurchase its shares valued between RMB 30 million and RMB 60 million to optimize capital structure. Additionally, Sanlux advanced digital intelligence upgrades in late 2024 to support international market expansion and emphasized learning organization initiatives starting in 2023. These efforts build on its portfolio of 217 intellectual property rights, including international patents in Japan, the US, and Germany for V-belt manufacturing equipment.