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Xizi Clean Energy Equipment Manufacturing Co., Ltd. Class A

Xizi Clean Energy Equipment Manufacturing Co., Ltd. Class A

SSZSE:002534
15.05
CNY
-0.18
(-1.18%)
15.51BMarket Cap
Oct 29Next Earn
Xizi Clean Energy Equipment Manufacturing Co., Ltd. Class A
SZSE:002534
(Shenzhen Stock Exchange)

Recent

price

15.05

P/E

ratio

- -

div

yld

0.75%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
5.11
5.57
16.34
8.1
4.43
3.66
3.67
4.78
4.83
5.36
7.27
9.08
10.09
10.36
8.78
8.15
- -
Revenue per Share
0.52
0.46
0.47
0.09
0.1
-0.22
0.26
0.57
0.33
0.5
0.7
0.58
0.28
0.07
0.6
0.57
- -
Basic EPS, GAAP
0.09
-0.77
-1.02
0.3
0.29
0.38
0.79
0.54
0.4
0.88
0.42
-0.21
-0.93
-0.15
0.49
0.81
- -
Free Cash Flow per Basic Share
0.18
0.17
0.21
0.22
0.1
0.11
0.07
0.14
0.22
0.21
0.41
0.44
0.27
0.17
0.16
0.21
0.11
Dividend per Share
1.61
3.33
3.65
3.73
3.67
3.39
3.53
4.03
4.21
4.4
4.58
4.92
5.01
5.28
5.71
6.71
6.55
Book Value per Share
1.23
2.91
3.26
3.31
3.23
2.96
3.11
3.62
3.83
4.03
4.21
4.33
4.11
4.52
4.93
6.1
6.01
Tangible Book Value per Share
647
713
717
734
706
715
737
732
740
732
736
725
728
780
733
766
842
Basic Weighted Avg Shares
3,309
3,967
11,722
5,942
3,133
2,620
2,706
3,501
3,572
3,927
5,356
6,578
7,344
8,079
6,437
6,241
- -
Sales/Revenue/Turnover
12.76
11.15
5.33
8.26
9.16
8.95
12.63
15.2
13.48
10.35
11.13
7.14
3.25
5.08
6.67
6.51
- -
Operating Margin (%)
36
48
69
73
94
98
97
108
110
79
92
129
164
203
195
195
- -
Depreciation Expense
334
329
339
69
71
-155
192
417
244
366
515
420
204
55
440
437
- -
Net Income, GAAP
9.15
13.59
17.71
24.17
38.32
- -
17.7
12.16
35.52
12.04
11.36
7.65
- -
10.23
14.48
9.19
- -
Effective Tax Rate (%)
10.11
8.28
2.89
1.17
2.25
-5.91
7.08
11.92
6.83
9.32
9.63
6.39
2.78
0.68
6.83
6.99
- -
Profit Margin (%)
413
1,351
1,722
1,745
2,153
1,471
1,290
1,638
2,014
1,830
1,511
2,175
1,575
1,436
2,068
2,579
2,592
Working Capital
5
20
130
97
115
97
77
85
60
30
171
1,440
1,753
1,515
1,578
336
300
LT Debt
1,424
2,741
2,995
3,087
3,108
2,813
2,975
3,230
3,303
3,485
3,727
4,014
4,119
4,352
4,712
6,134
5,936
Total Equity
29.56
18.99
12.82
3.38
2.12
- -
6
14.26
7.35
15.1
17.3
9.17
- -
1.9
7.78
9.06
- -
Return on Invested Capital (%)
18.78
11.68
9.35
0.63
1.26
- -
5.65
12.15
7.7
8.55
10.83
7.84
- -
1.25
6.62
5.5
- -
Return on Capital (%)
32.51
18.44
13.47
2.61
2.65
-6.09
7.58
14.93
8.01
11.51
15.54
11.97
5.56
1.44
10.83
8.88
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
74
57
229
LT Borrowings
293
293
258
LT Finance Leases
43
44
42
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
836
836
836
Market Capitalization
14,019
13,509
15,507

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,657
9,613
9,898
Cash, Cash Equivalents & STI
3,870
3,889
3,644
Accounts Receivable, Net
1,424
1,126
1,254
Inventories
1,222
1,259
1,285
Total Current Liabilities
7,077
6,953
7,306
Payables & Accruals
- -
- -
- -
ST Debt
74
57
229
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.35%
10.88%
30.17%
Free Cash Flow
-10.8%
-46.32%
72.99%
Net Income, GAAP
50.53%
112.36%
-0.73%
Sales/Revenue/Turnover
10.21%
4.22%
-3.03%
Total Cash Common Dividend
17.69%
-7.8%
35.83%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,152
1,836
1,892
1,557
6,437
2025
1,213
1,581
- -
1,908
6,241
2026
1,096
1,379
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.11
0.11
0.02
0.6
2025
0.07
0.13
- -
0.31
0.57
2026
0.07
-0.13
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.11
0.01
0.02
0.16
2025
- -
0.2
- -
0.01
0.21
2026
- -
0.1
- -
- -
- -
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Business
Xizi Clean Energy Equipment Manufacturing Co., Ltd. (002534.SZ) manufactures and sells clean energy equipment, primarily waste heat recovery boilers and related solutions in China and internationally. Founded in 1955 and headquartered in Hangzhou, Zhejiang Province, China, the company—formerly Hangzhou Boiler Group Co., Ltd. until its name change in January 2022—offers heat recovery steam generators (HRSG), biomass boilers, circulating fluidized bed boilers, gas boilers, shield tunneling machines; power station auxiliary equipment including high- and low-pressure heaters, deaerators and condensers; waste incineration, natural gas, wastewater and gas boilers; molten salt heat absorbers, exchangers and storage tanks; nuclear power equipment such as conventional island auxiliaries and civil nuclear secondary and tertiary pressure vessels; thermal oil, petrochemical and chemical heat exchangers; seawater desalination equipment; gasification furnaces; and services encompassing EPC projects, boiler modifications, smart boilers, technical consulting, engineering, repairs and maintenance. Affiliated with Xizi United Heavy Equipment Co., Ltd., a top 500 Chinese enterprise, Xizi Clean Energy operates in over 100 countries and regions, targeting industrial clients in new energy, traditional power and environmental sectors with full life-cycle solutions that have reduced carbon dioxide emissions by 160 million tons. Recent developments include expanding into nuclear power equipment supply with over 20 years of involvement and civil nuclear manufacturing licenses; advancing solar thermal projects such as participation in China's first large-scale operational solar thermal energy storage power station; a 2021 partnership with Abengoa for molten salt storage solar thermal plants in Morocco; cumulative delivery of over 450 gas turbine waste heat boilers; and a strategic "traditional energy + new energy" dual-drive approach focusing on domestic markets alongside overseas growth in 2024-2025.