Shanghai Zhezhong Group Co., Ltd. Class A

Shanghai Zhezhong Group Co., Ltd. Class A

SSZSE:002346
15.50
CNY
-0.26
(-1.65%)
0.97EPS
21.61P/E
9.45BMarket 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
1.18
1.04
0.98
1.05
1.03
1.25
1
1.35
1.57
1.66
2.57
2.25
2.01
2.16
Basic EPS, GAAP
0.13
0.19
0.26
0.05
0.59
0.13
0.21
0.36
1.02
1.03
0.68
0.17
1.01
0.99
Free Cash Flow per Basic Share
0.06
0.32
-0.21
-0.57
-0.03
0.27
0.05
-1.24
-1.74
-0.3
-0.07
0.43
0.27
- -
Dividend per Share
0.67
0.04
0.02
0.14
0.13
0.07
0.32
0.21
0.25
0.22
0.23
0.25
0.52
0.24
Book Value per Share
5.01
3.25
3.37
3.73
4.8
4.58
4.57
4.73
5.44
6.14
6.61
6.55
6.54
7.28
Tangible Book Value per Share
4.63
2.99
3.13
3.49
4.6
4.38
4.37
4.39
5.22
6.05
6.52
6.46
6.45
7.2
Basic Weighted Avg Shares
463
444
445
403
439
448
451
447
439
437
437
430
421
397
Sales/Revenue/Turnover
548
463
438
422
453
559
452
604
689
726
1,123
970
848
858
Operating Margin (%)
0.5
6.87
6.24
7.36
11.5
10.44
9.56
16.62
5.63
12.25
14.47
17.99
17.14
18.75
Depreciation Expense
35
26
20
31
31
24
24
29
35
26
24
24
24
- -
Net Income, GAAP
60
84
116
20
259
58
95
161
448
451
297
73
425
393
Effective Tax Rate (%)
16.57
12.03
13.39
42.85
20.38
- -
31.48
6.88
14.47
24.23
15.22
10.9
25.71
30.11
Profit Margin (%)
11
18.22
26.47
4.78
57.2
10.42
20.96
26.62
65
62.1
26.47
7.54
50.19
45.83
Working Capital
638
755
502
698
502
204
15
318
99
-61
1
150
257
239
LT Debt
50
100
- -
- -
- -
- -
- -
2
506
- -
- -
- -
147
147
Total Equity
1,353
1,433
1,489
1,651
2,123
2,027
2,017
3,086
3,373
2,710
2,920
2,892
2,889
3,217
Return on Invested Capital (%)
3.86
5.21
5.56
1.32
13.86
- -
4.6
6.19
11.82
13.42
10.57
2.8
14.24
11.5
Return on Capital (%)
4.72
5.75
7.38
1.33
13.72
- -
4.55
5.71
13.15
14.25
10.62
2.82
14.51
11.8
Return on Common Equity (%)
5.19
6.06
7.93
1.29
13.76
2.81
4.68
7.84
19.94
17.62
10.56
2.52
14.72
12.92

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
- -
200
LT Borrowings
147
147
147
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
442
442
442
Market Capitalization
8,968
8,430
9,445

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
963
958
1,322
Cash, Cash Equivalents & STI
293
190
415
Accounts Receivable, Net
549
559
531
Inventories
90
97
170
Total Current Liabilities
707
813
1,083
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
200
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.38%
-0.73%
-0.07%
Free Cash Flow
-451.14%
-170.44%
-38.72%
Net Income, GAAP
170.92%
110.21%
481.54%
Sales/Revenue/Turnover
8.97%
9.56%
-12.59%
Total Cash Common Dividend
87.94%
24.31%
104.54%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
164
265
294
247
970
2025
168
198
- -
250
848
2026
194
215
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.33
-0.02
0.01
0.52
0.17
2025
0.34
- -
- -
0.17
1.01
2026
- -
0.76
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.2
0.01
0.03
0.25
2025
- -
0.22
- -
0.01
0.52
2026
- -
- -
- -
- -
- -

Company Description

CEO
Lu Feng Jiang
Full Time Employees
465
Sector
Producer manufacturing
Industry
Electrical products
Address
No. 368, Canggong Road Shanghai SH China 201424
IPO Date
Jan 29, 2010
Business
Shanghai Zhezhong Group Co., Ltd manufactures and sells a comprehensive range of electrical switchgear products primarily in China. Its core products include medium voltage switchgears, low voltage switch boxes, terminal switchgear, outdoor box-type substations, distribution cabinets below 35 kV, and related electrical components. The company also engages in investment activities including direct equity investments and participation in private equity funds. Founded in 2007 and headquartered in Shanghai, the company holds production licenses from relevant Chinese industry authorities and is a recognized member of the Shanghai Electric Appliance Industry Association. Shanghai Zhezhong operates mainly within the electrical equipment and power transmission and distribution sector. In recent years, Shanghai Zhezhong Group has executed significant strategic initiatives including an ongoing equity share buyback program, repurchasing approximately 5% of its total shares. The company announced plans for an employee stock ownership plan aimed at broadening employee engagement. Financially, the company reported a substantial turnaround to profitability in the first three quarters of 2025, driven partly by fair value changes in held financial assets. These improvements underpin its stable main business operations and reflect a focus on enhancing shareholder value amid steady operational performance. The company also continues to maintain its status as a high-tech enterprise with various regional honors confirming its prominence in Shanghai’s electrical manufacturing industry. Shanghai Zhezhong Group shifted its corporate identity from Shanghai Zhezhong Construction Co., Ltd to its current name in 2015, reflecting a broader operational focus. Its product portfolio and services target industrial customers requiring reliable electrical transmission and distribution solutions across the domestic Chinese market. The company also incorporates related segments such as steel pipe manufacturing and construction installation, diversifying its business scope beyond core switchgear products. Major leadership includes Chairman and General Manager Lu Feng Jiang, guiding strategic growth and operational enhancement. These developments position Shanghai Zhezhong as a significant player in China’s electrical equipment manufacturing landscape with ongoing emphasis on innovation and financial strength.