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Zhejiang Wanma Co., Ltd. Class A

Zhejiang Wanma Co., Ltd. Class A

SSZSE:002276
9.94
CNY
+0.28
(+2.90%)
10.22BMarket Cap
Apr 29Next Earn
Zhejiang Wanma Co., Ltd. Class A
SZSE:002276
(Shenzhen Stock Exchange)

Recent

price

9.94

P/E

ratio

- -

div

yld

0.78%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
2.93
4.29
4.34
5.3
6.21
7.3
6.82
7.73
8.61
9.41
9
12.58
14.6
15.04
17.64
19.11
- -
Revenue per Share
0.13
0.17
0.2
0.24
0.25
0.29
0.23
0.12
0.11
0.21
0.22
0.27
0.41
0.55
0.34
0.34
- -
Basic EPS, GAAP
-0.14
-0.19
-0.1
0.11
0.14
0.22
0.12
-1.24
0.35
0.62
0.42
0.53
0.37
-0.08
-0.21
0.32
- -
Free Cash Flow per Basic Share
0.06
0.06
0.11
0.12
0.1
0.1
0.15
0.17
0.08
0.1
0.08
0.06
0.1
0.12
0.1
0.09
0.08
Dividend per Share
1.49
2.31
2.5
2.68
2.89
3.14
3.27
3.84
3.88
4.1
4.37
4.38
4.7
5.22
5.57
6.08
6.17
Book Value per Share
1.42
2.2
2.07
2.26
2.45
2.69
2.78
3.38
3.44
3.71
3.93
3.94
4.31
4.78
5.12
5.66
5.76
Tangible Book Value per Share
731
832
888
917
942
938
936
958
1,016
1,036
1,036
1,015
1,005
1,005
1,007
1,007
1,003
Basic Weighted Avg Shares
2,144
3,566
3,851
4,856
5,847
6,847
6,380
7,409
8,740
9,745
9,322
12,767
14,675
15,121
17,761
19,240
- -
Sales/Revenue/Turnover
5.68
5.3
6.04
5.66
5.08
4.74
3.45
2.34
3.55
4.39
4.29
3.3
3.69
4.51
3.27
3.81
- -
Operating Margin (%)
31
44
52
67
76
84
88
96
120
147
159
205
227
248
260
288
- -
Depreciation Expense
97
141
178
220
235
272
215
115
112
221
223
271
412
555
341
347
- -
Net Income, GAAP
12.53
10.61
10.9
9.92
9.65
12.37
6.8
4.96
2.06
8.71
8.98
5.06
7.49
7.25
7.3
15.64
- -
Effective Tax Rate (%)
4.54
3.96
4.61
4.53
4.03
3.97
3.37
1.55
1.28
2.27
2.39
2.12
2.8
3.67
1.92
1.8
- -
Profit Margin (%)
691
1,173
1,295
1,487
1,920
2,411
2,511
3,052
2,376
2,668
3,024
3,256
3,938
3,607
3,294
3,693
3,741
Working Capital
- -
54
41
18
299
459
459
300
- -
115
408
983
1,539
1,094
925
833
736
LT Debt
1,075
1,801
2,326
2,522
2,728
3,067
3,084
3,987
4,032
4,279
4,526
4,555
4,884
5,423
5,667
6,163
6,260
Total Equity
5.76
5.29
4.74
5.6
5.78
6.56
4.16
1.97
2.12
4.22
4.26
5.09
6.88
8.37
5.19
5.25
- -
Return on Invested Capital (%)
8.68
8.54
7.9
8.06
8.08
8.35
6.98
3.79
3.41
5.07
4.83
6.1
8.27
9.8
6.36
6.13
- -
Return on Capital (%)
9.45
9.87
8.63
9.09
8.99
9.6
7.16
3.26
2.8
5.35
5.09
5.99
8.75
10.82
6.18
5.89
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
486
502
565
LT Borrowings
778
721
688
LT Finance Leases
55
48
48
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,011
1,011
1,011
Market Capitalization
17,097
14,195
10,222

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
12,953
12,934
14,714
Cash, Cash Equivalents & STI
2,841
1,998
2,970
Accounts Receivable, Net
5,529
6,180
6,709
Inventories
1,501
1,583
1,749
Total Current Liabilities
9,259
9,338
10,973
Payables & Accruals
- -
- -
- -
ST Debt
486
502
565
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.5%
6.43%
8.75%
Free Cash Flow
-154.2%
-45.32%
-256.12%
Net Income, GAAP
9.99%
14.29%
1.74%
Sales/Revenue/Turnover
11.52%
16.15%
8.33%
Total Cash Common Dividend
5.58%
6.29%
-15.3%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,801
4,737
4,482
4,740
17,761
2025
3,970
5,302
- -
5,131
19,240
2026
4,624
5,885
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.14
0.05
0.09
0.34
2025
0.08
0.17
- -
-0.06
0.34
2026
0.06
0.15
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.02
0.01
0.1
2025
- -
0.06
- -
0.01
0.09
2026
- -
0.07
- -
- -
- -
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Business
Zhejiang Wanma Co., Ltd. (002276.SZ) manufactures and sells a broad range of wires, cables, and related polymer materials primarily in China with international exports. The company, founded in 1989 and headquartered in Lin'an District, Hangzhou, Zhejiang Province, operates through Wire and Cable, New Material, and New Energy segments; its core products include 500 kV and below ultra-high voltage cross-linked polyethylene (XLPE) insulated power cables, medium- and low-voltage power cables, fireproof and fire-resistant cables, civil building cables, special cables, coaxial cables, indoor and outdoor optical cables, security and data cables, industrial intelligent equipment cables, wind/solar/storage/charging cables, rail transit cables, mining cables, wiring harness components, rubber-sheathed and non-rubber-sheathed cables, as well as environmentally friendly polymer materials for cable insulation. It serves industries such as electric power, transportation, new energy, construction, communication, electronics, and industrial equipment, with subsidiaries like Zhejiang Wanma Macromolecule Material Group Co., Ltd. focusing on advanced polymer production. Recent developments include the successful commissioning of its ultra-high voltage cable phase III project in September 2025, supporting increased shipments; land acquisition for a 0.35 million-ton medium- and low-voltage cable material factory in Qingdao to boost overseas expansion; an equity investment of CNY 80 million in subsidiary Zhejiang Wanma Special Cable & Wire Technology Co., Ltd.; a first overseas factory in Vietnam for Southeast Asian market growth; and expansions into robotics, wind power, and security sectors.