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Guangdong Vanward New Electric Co., Ltd. Class A

Guangdong Vanward New Electric Co., Ltd. Class A

SSZSE:002543
7.79
CNY
+0.14
(+1.83%)
0.00EPS
4.63BMarket Cap
Oct 29Next Earn
Guangdong Vanward New Electric Co., Ltd. Class A
SZSE:002543
(Shenzhen Stock Exchange)

Recent

price

7.79

P/E

ratio

- -

div

yld

3.45%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
4.11
3.6
4.1
4.97
5.35
5.64
6.67
8.75
9.33
8.32
8.41
10.09
8.92
8.16
9.82
9.72
9.77
Revenue per Share
0.33
0.28
0.29
0.33
0.36
0.43
0.58
0.55
0.66
0.8
0.82
0.48
0.74
0.76
0.88
0.29
- -
Basic EPS, GAAP
-0.04
-0.59
-0.19
0.12
0.01
0.62
0.65
0.68
-0.14
0.89
1.52
0.42
0.94
1.31
0.23
-0.12
- -
Free Cash Flow per Basic Share
- -
0.07
0.08
0.08
0.23
0.11
0.44
0.43
0.34
0.37
0.36
0.35
0.35
0.41
0.64
0.28
0.27
Dividend per Share
1.04
2.9
3.11
3.36
3.47
3.79
3.93
4.06
4.55
5.02
5.47
5.39
5.81
6.1
6.39
6.46
6.23
Book Value per Share
0.82
2.73
2.88
3.07
3.12
3.45
3.59
3.62
4.12
4.6
5.05
4.99
5.42
5.66
5.97
6.04
5.75
Tangible Book Value per Share
557
730
744
744
744
744
744
746
741
748
746
746
743
748
747
744
732
Basic Weighted Avg Shares
2,293
2,630
3,045
3,692
3,978
4,192
4,960
6,532
6,914
6,220
6,270
7,527
6,628
6,104
7,342
7,229
7,154
Sales/Revenue/Turnover
10.57
9.1
7.99
7.68
6.77
7.4
8.85
7.78
9.02
11.01
9.69
8.39
10.22
11.88
10.68
5.15
1.82
Operating Margin (%)
32
38
53
71
85
97
105
116
140
152
164
151
150
141
137
153
- -
Depreciation Expense
186
204
217
248
267
319
431
413
489
598
611
358
550
568
658
216
-3
Net Income, GAAP
17.67
17.59
15.69
16.95
14.56
15.79
17.11
15.81
16.89
16.42
14.16
14.09
13.07
13.15
14.21
23.74
112.07
Effective Tax Rate (%)
8.11
7.77
7.12
6.71
6.71
7.61
8.69
6.33
7.07
9.62
9.75
4.76
8.3
9.31
8.96
2.98
-0.04
Profit Margin (%)
151
1,535
1,423
1,430
1,287
1,474
1,387
354
597
721
482
803
1,486
1,523
1,475
903
861
Working Capital
- -
- -
- -
- -
- -
8
8
8
7
5
3
186
170
- -
- -
- -
- -
LT Debt
604
2,187
2,347
2,535
2,580
2,821
2,923
3,176
3,545
3,910
4,070
4,011
4,318
4,539
4,754
4,805
4,629
Total Equity
37.06
14.23
9.49
9.93
10.04
11.36
14.16
13.04
12.64
13.31
14.21
7.96
11.73
11.71
12.97
4.51
-0.04
Return on Invested Capital (%)
33.29
14.15
9.39
10.14
10.43
11.8
14.95
12.9
13.12
13.74
14.19
8.01
11.86
11.72
13.09
4.34
-0.06
Return on Capital (%)
38.25
14.96
9.71
10.31
10.51
11.82
15.01
13.92
15.28
16.81
15.68
8.88
13.21
12.83
14.15
4.51
-0.05
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
168
70
199
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
744
744
744
Market Capitalization
7,592
6,700
4,625

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,162
4,457
3,976
Cash, Cash Equivalents & STI
1,683
1,695
1,565
Accounts Receivable, Net
1,038
1,449
1,047
Inventories
1,045
887
837
Total Current Liabilities
3,259
3,530
3,115
Payables & Accruals
- -
- -
- -
ST Debt
168
70
199
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.54%
3.42%
1.07%
Free Cash Flow
-94.3%
-28.88%
-152.8%
Net Income, GAAP
3.78%
-7.21%
-67.21%
Sales/Revenue/Turnover
6.56%
3.79%
-1.54%
Total Cash Common Dividend
31.4%
3.13%
-55.62%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,980
1,831
1,423
2,108
7,342
2025
2,295
1,788
- -
1,705
7,229
2026
2,171
1,490
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
0.26
0.13
0.28
0.88
2025
0.24
0.27
- -
-0.36
0.29
2026
0.11
-0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.41
0.02
0.22
0.64
2025
- -
0.24
- -
0.03
0.28
2026
- -
- -
- -
- -
- -
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Business
Guangdong Vanward New Electric Co., Ltd. (002543.SZ) researches, develops, manufactures, and sells water heaters and kitchen appliances in China and internationally; its core products include gas water heaters, gas boilers, electric water heaters, heat pumps, electric fireplaces, range hoods, ovens, hobs, gas stoves, disinfection cabinets, outdoor gas products such as gas BBQs, small home appliances, and emerging hydrogen-enriched natural gas appliances. Founded in 1993 and headquartered in Foshan, Guangdong Province, the company operates six manufacturing bases with significant annual production capacities, including over 2.8 million gas water heaters and 1.5 million electric water heaters, and maintains a robust R&D team focused on energy-efficient, low-carbon technologies for kitchen and bathroom solutions targeting residential consumers. Recent developments encompass the launch of smart electric water heaters and IoT-integrated models boosting sales by 25%, expansion into Southeast Asia with new production facilities in Vietnam projecting $30 million in additional revenue by 2025, a 2022 acquisition of a domestic competitor increasing market share by 15%, a strategic partnership with a tech firm in 2023 for smart product enhancements aiming for 20% sales growth, issuance of RMB 300 million bonds in Q2 2023 for refinancing and projects, and plans for a 2025 employee stock ownership program raising up to RMB 12.9 million alongside overseas capital platform development under its "1211" industrial strategy shifting toward multi-energy hot water and heating layouts.