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    Producer manufacturing

  3. •

    Auto parts: OEM
Nanning Baling Technology Co., Ltd. Class A

Nanning Baling Technology Co., Ltd. Class A

SSZSE:002592
5.83
CNY
+0.05
(+0.87%)
0.33EPS
18.08P/E
1.67BMarket 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
3.42
3.31
2.59
3.08
2.75
2.93
2.83
2.27
2.26
2.04
2.06
2.45
2.5
2.75
Basic EPS, GAAP
0.51
0.49
0.5
0.45
0.48
0.03
-1.53
-2.57
0.06
0.05
0.4
0.26
0.41
0.33
Free Cash Flow per Basic Share
-0.11
0.11
-0.46
-0.18
-0.13
0.33
0.35
-0.79
0.08
0.22
0.05
0.24
-0.01
- -
Dividend per Share
0.17
0.29
0.12
0.2
0.27
0.33
0.06
0.08
0.03
0.01
0.01
- -
0.2
0.05
Book Value per Share
4.04
5.3
7.04
7.31
7.54
6.57
5.13
2.49
2.52
2.7
2.87
3.11
3.31
3.48
Tangible Book Value per Share
3.79
5.07
6.83
7.11
7.34
6.37
3.48
2.27
2.35
2.53
2.7
2.95
3.07
3.25
Basic Weighted Avg Shares
177
193
251
285
281
242
266
267
269
270
264
269
285
280
Sales/Revenue/Turnover
603
639
649
878
775
710
751
605
606
552
543
659
712
769
Operating Margin (%)
12.6
12.06
9.62
8.06
7.56
-1.96
-2.56
1.79
-2.92
-4.56
1.38
3.7
7.39
9.05
Depreciation Expense
15
20
23
27
29
67
73
64
61
46
44
37
36
- -
Net Income, GAAP
90
95
125
128
135
7
-406
-685
16
14
105
70
117
91
Effective Tax Rate (%)
7.68
9.98
7.42
10.88
10.29
53.14
- -
- -
- -
- -
- -
10.9
- -
- -
Profit Margin (%)
14.92
14.81
19.31
14.62
17.43
1.02
-54.13
-113.28
2.66
2.45
19.44
10.62
16.43
11.84
Working Capital
432
711
810
596
603
374
237
-56
-36
-8
172
220
310
318
LT Debt
- -
- -
- -
- -
- -
24
120
5
5
5
- -
- -
1
1
Total Equity
714
1,322
2,013
2,072
2,136
1,861
1,747
770
662
710
813
881
937
989
Return on Invested Capital (%)
12.11
8.24
6.27
5.45
6.02
0.31
- -
- -
- -
- -
- -
8.26
- -
- -
Return on Capital (%)
13.06
9.03
6.91
6.17
6.54
0.64
- -
- -
- -
- -
- -
8.16
- -
- -
Return on Common Equity (%)
13.16
9.29
7.56
6.32
6.42
0.36
-24.52
-63.49
2.27
1.83
13.36
8.26
12.86
9.48

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
8
- -
- -
LT Borrowings
1
1
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
283
283
284
Market Capitalization
2,352
2,590
1,670

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
678
659
630
Cash, Cash Equivalents & STI
212
244
277
Accounts Receivable, Net
58
65
84
Inventories
176
178
206
Total Current Liabilities
368
348
312
Payables & Accruals
- -
- -
- -
ST Debt
8
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-4.64%
4.5%
6.29%
Free Cash Flow
-48.14%
46.9%
-104.21%
Net Income, GAAP
-511.09%
119.08%
67.06%
Sales/Revenue/Turnover
2.05%
3.8%
8.01%
Total Cash Common Dividend
523.15%
1,030.82%
5,358.31%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
121
152
156
229
659
2025
144
139
- -
260
712
2026
194
175
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.04
0.07
0.07
0.26
2025
0.17
0.03
- -
0.08
0.41
2026
0.09
0.12
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.2
2026
- -
0.05
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yu Gu
Full Time Employees
996
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
No. 21, East Section of Gaoxin Avenue Nanning GG China 530007
IPO Date
Oct 28, 2011
Website
baling.com.cn
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Business
Nanning Baling Technology Co., Ltd. is an enterprise based in Nanning, China, primarily engaged in the comprehensive development, manufacturing, and distribution of advanced automotive components. Established in July 2001, the company specializes in thermal management systems and exterior parts for various vehicles. Its product portfolio encompasses a wide array of heat exchanger items, including radiators for both high and low temperatures, intercoolers, oil coolers, condensers, evaporators, and battery cooling units. These solutions are fabricated using materials like copper and aluminum, featuring diverse fin designs such as zigzag, single and double corrugated, and out-road fins. Furthermore, Nanning Baling produces exterior automotive parts such as front and rear bumpers, tailgates, side panels, and spoilers. The company's offerings serve a broad spectrum of applications, including passenger vehicles, buses, heavy-duty trucks, construction machinery, and defense equipment, extending even to computer cooling solutions. Serving both original equipment manufacturers (OEMs) and the aftermarket, its clientele largely resides in China, with additional export markets in regions such as the United States and Australia. Nanning Baling Technology remains a significant player in the automotive supply chain, known for its focus on technological innovation and manufacturing expertise in thermal management.