Jiangxi Haiyuan Composites Technology Co. Ltd. Class A

Jiangxi Haiyuan Composites Technology Co. Ltd. Class A

SSZSE:002529
6.23
CNY
+0.18
(+2.98%)
-0.65EPS
1.77BMarket 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
1.15
1.04
1.15
0.87
1.05
0.93
0.84
1.15
0.98
1.4
1.18
0.75
1.5
1.39
Basic EPS, GAAP
0.04
0.02
0.01
-0.16
0.03
-0.67
-2.06
0.13
-0.44
-0.57
-0.57
-0.62
-0.71
-0.65
Free Cash Flow per Basic Share
-0.47
-0.7
-0.32
-1.05
-0.66
-0.91
-0.48
0.49
-0.42
0.02
-0.21
-0.22
-0.03
- -
Dividend per Share
0.02
0.02
0.03
0.03
0.04
0.05
0.07
0.06
0.01
0.02
0.03
0.04
0.02
0.02
Book Value per Share
4.99
4.98
4.99
6
6.03
5.22
3.17
3.3
2.86
2.3
1.73
1.12
0.38
0.22
Tangible Book Value per Share
4.7
4.69
4.64
5.74
5.78
4.84
2.85
3.08
2.67
2.14
1.65
1.04
0.31
0.14
Basic Weighted Avg Shares
219
200
200
235
260
260
260
260
260
260
260
260
260
260
Sales/Revenue/Turnover
253
207
230
205
272
241
218
300
254
365
307
194
389
362
Operating Margin (%)
0.64
-0.56
-3.6
-9.28
8.12
-49.05
-58.73
-12.1
-22.23
-18.3
-26.42
-48.31
-20.22
-16.63
Depreciation Expense
28
34
38
43
44
55
65
56
45
48
47
49
44
- -
Net Income, GAAP
9
3
3
-38
7
-175
-535
33
-114
-148
-148
-160
-186
-169
Effective Tax Rate (%)
1.75
- -
- -
- -
3.1
- -
- -
36.75
- -
- -
- -
- -
- -
- -
Profit Margin (%)
3.47
1.57
1.22
-18.6
2.57
-72.78
-246.02
10.94
-44.72
-40.45
-48.25
-82.57
-47.73
-46.84
Working Capital
461
418
344
809
621
365
59
259
166
10
-200
-221
-254
-325
LT Debt
- -
- -
- -
100
75
50
6
- -
10
117
60
64
100
57
Total Equity
998
995
999
1,560
1,568
1,358
823
857
744
598
450
291
100
57
Return on Invested Capital (%)
-0.41
- -
- -
- -
0.42
- -
- -
3.6
- -
- -
- -
- -
- -
- -
Return on Capital (%)
0.9
- -
- -
- -
0.96
- -
- -
4.03
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
0.88
0.32
0.28
-2.98
0.45
-11.97
-49.11
3.91
-14.18
-21.98
-28.29
-43.24
-94.92
-119.34

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
97
210
225
LT Borrowings
59
- -
17
LT Finance Leases
41
41
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
260
260
260
Market Capitalization
1,804
1,760
1,773

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
235
256
245
Cash, Cash Equivalents & STI
22
11
16
Accounts Receivable, Net
114
165
164
Inventories
57
44
34
Total Current Liabilities
489
579
570
Payables & Accruals
- -
- -
- -
ST Debt
97
210
225
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-15.05%
-31.7%
-65.64%
Free Cash Flow
-131.19%
-270.36%
-84.15%
Net Income, GAAP
-446.88%
-78.24%
15.81%
Sales/Revenue/Turnover
11.46%
15.2%
100.36%
Total Cash Common Dividend
16.31%
14%
-39.56%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43
61
19
71
194
2025
96
106
75
111
389
2026
108
68
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
-0.1
0.03
-0.45
-0.62
2025
-0.09
-0.16
-0.1
-0.37
-0.71
2026
-0.08
-0.11
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

CEO
Sheng Quan Gan
Full Time Employees
449
Sector
Producer manufacturing
Industry
Industrial machinery
Address
No. 1950, High-tech Industrial Development Zone Fuzhou FU China 350101
IPO Date
Dec 14, 2010
Business
Jiangxi Haiyuan Composites Technology Co.,Ltd. operates in the development, manufacturing, and distribution of intelligent machinery and composite materials both domestically and across international markets. The company provides a range of specialized equipment, including advanced hydraulic presses and comprehensive production lines for wall materials, refractory products, and various composite applications, alongside automatic hydraulic presses for building ceramics. Additionally, it manufactures lightweight composite components, such as automotive body parts and construction templates, and is significantly engaged in the research, production, and sale of photovoltaic modules. This entity, founded in 1988, officially changed its name from Fujian Haiyuan Composites Technology Co.,Ltd. in November 2021 and moved its headquarters to Xinyu City, Jiangxi Province. The firm has seen substantial revenue growth, partly driven by its expansion into the new energy sector.