Suzhou Thvow Technology Co. Ltd. Class A

Suzhou Thvow Technology Co. Ltd. Class A

SSZSE:002564
4.31
CNY
+0.01
(+0.23%)
3.69BMarket 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
3.14
2.99
3.25
1.63
12.8
7
10.38
10.55
8.81
4.15
4.41
3.07
2.71
- -
Basic EPS, GAAP
0.19
0.09
0.04
-0.41
0.35
-0.89
-0.04
-1.12
-1.55
-2.98
1.4
0.03
0.05
- -
Free Cash Flow per Basic Share
-0.78
-0.7
-0.07
0.2
-1.44
-3.27
-0.19
-0.1
-0.98
-0.61
0.3
0.27
0.17
- -
Dividend per Share
0.2
0.19
0.26
0.28
0.56
0.41
0.61
0.5
0.5
0.78
0.57
0.21
0.1
0.07
Book Value per Share
3.83
3.91
3.96
3.36
3.73
3.43
3.25
2.13
0.58
-2.42
0.13
0.16
0.22
0.13
Tangible Book Value per Share
3.46
3.47
3.51
-0.01
0.44
2.82
2.97
1.86
0.31
-2.68
-0.07
-0.04
0.03
-0.06
Basic Weighted Avg Shares
661
780
705
731
737
819
808
861
871
866
856
801
939
848
Sales/Revenue/Turnover
2,072
2,330
2,289
1,195
9,431
5,729
8,390
9,089
7,675
3,591
3,771
2,464
2,545
- -
Operating Margin (%)
12.88
10.74
11.74
-6.48
7.97
6.69
8.4
-3.15
9.26
2.7
2.46
6.19
5.38
- -
Depreciation Expense
139
165
183
186
58
34
32
103
97
84
79
69
68
- -
Net Income, GAAP
126
70
28
-300
258
-729
-32
-965
-1,351
-2,581
1,198
24
47
- -
Effective Tax Rate (%)
15.66
0.85
20.01
- -
- -
- -
- -
- -
- -
- -
17.5
45.36
- -
- -
Profit Margin (%)
6.06
3.01
1.23
-25.08
2.73
-12.72
-0.39
-10.62
-17.6
-71.87
31.78
0.98
1.85
- -
Working Capital
1,177
1,157
1,906
1,801
1,780
818
3,852
3,074
-230
-4,201
-497
1,330
305
-907
LT Debt
698
749
1,441
2,493
2,519
666
4,672
4,941
3,748
1,637
2,156
2,655
1,534
324
Total Equity
2,842
2,946
3,001
2,781
3,201
3,531
3,530
2,322
782
-2,227
342
368
441
368
Return on Invested Capital (%)
2.65
0.98
0.29
- -
- -
- -
- -
- -
- -
- -
14.12
0.6
- -
- -
Return on Capital (%)
5.32
4.73
3.44
- -
- -
- -
- -
- -
- -
- -
33.85
2.4
- -
- -
Return on Common Equity (%)
5.04
2.45
0.97
-11.07
9.86
-25.26
-1.11
-41.27
-114.73
- -
- -
19.04
28.96
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,777
2,341
2,944
LT Borrowings
1,532
963
323
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
859
859
859
Market Capitalization
6,614
5,205
3,693

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,995
3,704
3,722
Cash, Cash Equivalents & STI
846
635
660
Accounts Receivable, Net
1,233
1,320
1,230
Inventories
774
770
930
Total Current Liabilities
3,690
3,945
4,629
Payables & Accruals
- -
- -
- -
ST Debt
1,777
2,341
2,944
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-55.52%
-107.82%
19.71%
Free Cash Flow
-52.23%
136.81%
-28.23%
Net Income, GAAP
103.92%
-3.59%
95.41%
Sales/Revenue/Turnover
56.17%
-19.02%
3.31%
Total Cash Common Dividend
4.99%
-15.77%
-42.4%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
631
567
503
762
2,464
2025
605
636
- -
591
2,545
2026
592
377
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
-0.01
0.02
0.03
2025
0.02
-0.03
- -
-0.01
0.05
2026
- -
-0.09
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.05
0.05
0.04
0.21
2025
0.03
0.03
- -
0.02
0.1
2026
0.02
0.02
- -
- -
- -

Company Description

CEO
Shou Huan Chen
Full Time Employees
1,772
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Building E Shanghai SH China 200061
IPO Date
Mar 3, 2011
Website
thvow.com
Business
SuZhou THVOW Technology Co., Ltd. (002564.SZ) manufactures high-end pressure vessels and special equipment; provides engineering procurement construction (EPC) general contracting services for clean energy projects including solar-thermal, wind power, and hydrogen energy; designs and delivers power systems and solutions; and engages in national defense construction, military-civilian integration, marine equipment production, and warehousing logistics services. The company, a holding subsidiary of Shanghai Electric Group Co., Ltd., operates through subsidiaries such as Zhangjiagang Chemical Machinery (Suzhou) Co., Ltd., Wuxi Hongqi Shipyard Co., Ltd., and China Sinogy Electric Engineering Co., Ltd., with core products encompassing heat exchangers, separators, reactors, storage tanks, towers, filters, and evaporators serving petrochemical, coal chemical, metallurgy, electric power, and military industries. Founded in 1998 as the predecessor Zhangjiagang Chemical Industry Mechanical Factory and headquartered at No. 1715 North Zhongshan Road, Shanghai, China—with manufacturing bases in Zhangjiagang and Wuxi—it conducts business primarily in China and select overseas markets. Recent developments include Shanghai Electric's completion of a 13.34% stake acquisition from Chen Yuzhong in May 2025 for CNY 430 million, enhancing its controlling interest; plans announced on December 3, 2025, to invest up to CNY 1.9 billion in an integrated solar-thermal and wind power project; removal of delisting risk warnings in April 2025 with a stock abbreviation change from *ST Tianwo to Tianwo Technology; and modifications to subsidiary construction projects including halting and revising the Yumen project while canceling prior siasun robot business involvement.