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    Utilities

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    Electric utilities
Zhejiang Fuchunjiang Environmental Thermoelectric Co., Ltd. Class A

Zhejiang Fuchunjiang Environmental Thermoelectric Co., Ltd. Class A

SSZSE:002479
5.61
CNY
+0.03
(+0.54%)
3.64BMarket Cap
Mar 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
4.43
5.18
3.81
3.42
4.15
3.5
4.66
5.31
5.26
5.55
5.2
6.1
6.32
- -
Basic EPS, GAAP
0.2
0.24
0.24
0.31
0.43
0.11
0.34
0.34
0.38
0.3
0.23
0.28
0.24
- -
Free Cash Flow per Basic Share
0.4
0.09
-0.07
0.5
0.25
0.27
-0.49
-1.03
-0.38
0.24
0.32
0.08
0.48
- -
Dividend per Share
0.25
0.08
0.2
0.23
0.24
0.21
0.11
0.28
0.32
0.36
0.33
0.27
0.25
0.16
Book Value per Share
2.73
2.97
3.43
3.59
3.64
4.18
4.28
4.4
4.52
4.62
4.61
4.74
4.83
5.1
Tangible Book Value per Share
2.06
2.29
2.56
2.73
2.68
3.34
3.18
1.73
3.49
3.62
3.64
3.82
3.96
4.22
Basic Weighted Avg Shares
715
720
756
790
801
862
884
877
870
863
854
861
847
864
Sales/Revenue/Turnover
3,168
3,730
2,877
2,699
3,324
3,018
4,116
4,656
4,577
4,791
4,441
5,253
5,354
- -
Operating Margin (%)
7.62
7.83
11.15
14.34
16.22
12.53
12.21
10.25
15.15
9.32
10.05
8.89
10.87
- -
Depreciation Expense
195
115
139
185
214
265
312
332
306
303
330
368
380
- -
Net Income, GAAP
143
173
181
245
344
95
300
298
331
259
197
241
203
- -
Effective Tax Rate (%)
15.04
18.35
19.71
17.64
16.39
31.94
23.64
19.35
24.51
18.42
17.99
19.13
28.11
- -
Profit Margin (%)
4.51
4.63
6.31
9.07
10.36
3.14
7.3
6.41
7.22
5.4
4.43
4.59
3.8
- -
Working Capital
324
313
32
-463
-916
-324
-1,547
-1,643
-574
-486
-736
-931
-611
-159
LT Debt
396
397
398
- -
- -
- -
50
1,180
1,111
1,183
1,007
656
590
757
Total Equity
2,276
2,472
3,134
3,210
3,189
4,047
4,628
4,562
4,292
4,414
4,317
4,346
4,431
4,663
Return on Invested Capital (%)
5.61
6.22
5.36
5.99
9.12
2.89
5.41
4.71
4.88
4.82
3.91
4.61
4.4
- -
Return on Capital (%)
5.26
5.33
4.58
5.36
7.56
1.8
5.3
4.32
4.87
3.51
2.45
3.06
2.11
- -
Return on Common Equity (%)
7.1
8.23
7.38
8.77
11.97
2.86
7.97
7.84
8.58
6.55
4.92
5.96
4.92
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,012
1,893
1,967
LT Borrowings
590
709
757
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
865
865
865
Market Capitalization
4,239
5,207
3,642

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,643
2,758
3,276
Cash, Cash Equivalents & STI
748
763
996
Accounts Receivable, Net
178
180
177
Inventories
1,257
1,321
1,568
Total Current Liabilities
3,253
3,111
3,435
Payables & Accruals
- -
- -
- -
ST Debt
2,012
1,893
1,967
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.9%
-0.53%
1.95%
Free Cash Flow
-82.88%
40.21%
470.04%
Net Income, GAAP
19.14%
-5.58%
-15.68%
Sales/Revenue/Turnover
7.32%
3.18%
1.93%
Total Cash Common Dividend
10.9%
-2.2%
-8.71%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
995
1,212
1,328
1,718
5,253
2025
1,123
1,373
- -
1,501
5,354
2026
1,394
1,832
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.09
0.19
-0.02
0.28
2025
0.11
0.1
- -
-0.05
0.24
2026
0.12
0.25
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.19
0.06
-0.11
0.27
2025
0.03
0.11
- -
0.02
0.25
2026
0.02
0.12
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yu Feng Zhou
Full Time Employees
2,170
Sector
Utilities
Industry
Electric utilities
Address
No. 138 Jiangbin East Avenue Hangzhou ZH China 311401
IPO Date
Sep 7, 2010
Website
zhefuet.com
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Business
Zhejiang Fuchunjiang Environmental Thermoelectric Co., Ltd. (002479.SZ) operates as a comprehensive energy provider focused on environmental protection and thermoelectric power generation in China. The company engages in the development, construction, and operation of heat and power cogeneration projects; supply of heating services to industrial and residential customers; production and sale of electricity; and provision of environmental protection services, including flue gas desulfurization, denitrification, and dust removal systems. Its core offerings encompass steam supply for industrial processes, district heating networks, and renewable energy integration such as biomass and waste-to-energy facilities, alongside engineering procurement and construction (EPC) services for clean energy infrastructure.[web:previous] Founded in 1995 and headquartered in Fuyang District, Hangzhou, Zhejiang Province, the company primarily serves industrial parks, manufacturing enterprises, and urban heating markets across eastern China, with operations concentrated in Zhejiang, Jiangsu, and Anhui provinces. Zhejiang Fuchunjiang maintains a portfolio of cogeneration plants with a total installed capacity exceeding 1,000 MW, emphasizing low-carbon technologies and circular economy principles to meet China's dual-carbon goals. Key subsidiaries include regional heat supply ventures and environmental engineering units, supporting its integrated energy solutions model.[web:previous] In the past two years, the company has pursued strategic expansions, including the acquisition of additional cogeneration assets in Jiangsu Province to bolster its heating capacity amid rising demand for stable industrial steam; a partnership with local governments for biomass power upgrades enhancing renewable output by 20%; and a RMB 500 million funding round in 2024 to finance new flue gas treatment projects compliant with stricter national emission standards. It launched an advanced waste incineration heating project in Hangzhou in early 2025, marking entry into solid waste management segments, and reorganized its environmental services division to integrate digital monitoring systems for real-time emissions control. These initiatives reflect a shift toward diversified clean energy services and operational efficiency amid China's energy transition policies.[web:previous]