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    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Willing New Energy Co., Ltd. Class A

Willing New Energy Co., Ltd. Class A

SSZSE:002667
21.56
CNY
+0.45
(+2.13%)
2.80BMarket 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
1.02
1
0.76
0.39
0.78
0.73
1.01
1.15
1
5.2
4.96
2.25
1.31
- -
Basic EPS, GAAP
0.25
0.2
0.03
-0.1
0.1
0.05
0.05
0.02
-0.42
0.36
-0.97
-1.3
-1.69
- -
Free Cash Flow per Basic Share
-0.06
-0.06
0.07
0.14
0.05
- -
- -
0.07
-0.66
-1.71
-1.77
-0.24
0.02
- -
Dividend per Share
0.04
0.02
0.02
0.01
- -
0.01
0.01
0.01
- -
0.27
0.13
0.11
0.1
0.18
Book Value per Share
3.1
3.28
3.29
3.18
3.28
3.31
3.35
3.37
2.95
3.22
2.79
1.51
-0.12
-0.2
Tangible Book Value per Share
2.93
3.11
3.12
3.02
3.13
3.16
3.21
3.22
2.81
2.22
1.79
0.71
-0.94
-1.01
Basic Weighted Avg Shares
232
234
212
232
232
252
219
253
228
228
230
237
245
243
Sales/Revenue/Turnover
238
234
162
91
180
185
222
290
229
1,186
1,141
533
320
- -
Operating Margin (%)
24.24
19.34
2.7
-18.79
12.14
4.19
0.09
-1.35
-26.12
25.84
-7.2
-35.45
-76.91
- -
Depreciation Expense
12
11
13
14
14
15
17
17
19
39
71
66
94
- -
Net Income, GAAP
59
47
6
-23
23
13
11
5
-96
82
-223
-308
-415
- -
Effective Tax Rate (%)
14.7
14.55
- -
- -
- -
15.28
11.32
- -
- -
25.3
- -
- -
- -
- -
Profit Margin (%)
24.68
19.98
3.86
-25.52
12.83
6.81
4.93
1.74
-41.89
6.92
-19.56
-57.81
-129.45
- -
Working Capital
570
591
582
506
528
536
551
568
495
410
-84
-272
-825
-733
LT Debt
1
1
- -
- -
- -
- -
- -
3
1
168
253
171
226
300
Total Equity
717
759
761
736
761
768
777
779
710
1,267
1,102
736
155
153
Return on Invested Capital (%)
7.47
5.66
- -
- -
- -
2.12
2.19
- -
- -
15.88
- -
- -
- -
- -
Return on Capital (%)
8.47
6.34
- -
- -
- -
1.82
1.45
- -
- -
-1.44
- -
- -
- -
- -
Return on Common Equity (%)
8.48
6.35
0.82
-3.11
3.1
1.65
1.42
0.65
-13.14
11.2
-30.59
-59.15
- -
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
469
454
328
LT Borrowings
216
331
290
LT Finance Leases
10
10
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
261
261
261
Market Capitalization
3,411
6,614
2,799

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
259
440
273
Cash, Cash Equivalents & STI
74
215
82
Accounts Receivable, Net
30
22
26
Inventories
53
49
49
Total Current Liabilities
1,084
1,102
1,006
Payables & Accruals
- -
- -
- -
ST Debt
469
454
328
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-5.31%
-11.1%
-78.91%
Free Cash Flow
151.66%
-191.64%
-110.68%
Net Income, GAAP
-326.91%
-496.79%
34.62%
Sales/Revenue/Turnover
40.77%
59.98%
-39.88%
Total Cash Common Dividend
4,389.18%
1,199.95%
-10%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
107
170
185
71
533
2025
61
24
- -
107
320
2026
145
127
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.07
-0.15
-0.26
-0.82
-1.3
2025
-0.11
0.11
- -
-1.7
-1.69
2026
0.06
-0.15
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.03
0.02
0.03
0.11
2025
0.02
0.04
- -
-0.01
0.1
2026
0.03
0.17
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Pu Zhang
Full Time Employees
515
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
294 Anqian Road Anshan LI China 114051
IPO Date
Mar 20, 2012
Website
willingnewenergy.com
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Business
Willing New Energy Co., Ltd. (002667.SZ) engages primarily in lithium battery new energy businesses, including lithium ore beneficiation, lithium salt processing and smelting for basic lithium battery raw materials; construction machinery manufacturing with vibrating screens, feeders, crushers, dry tailings equipment, urban garbage processing systems, mixing stations, and crushing systems; as well as mining of tungsten-tin-lead-zinc ores and trading of lepidolite concentrate, lithium feldspar powder, and tantalum niobium concentrate. The company offers core products such as lepidolite, lithium carbonate, linear vibrating screens, circular vibrating screens, high-frequency vibrating screens, multi-unit combined screens, and related after-sales and engineering services to sectors including new energy vehicles, energy storage, coal, metallurgy, mining, construction, and road building. Founded in 1994 and headquartered in Anshan, China, it operates principally in China with international reach in equipment sales. In June 2023, the company changed its name from Anshan Heavy Duty Mining Machinery Co., Ltd. to Willing New Energy Co., Ltd., reflecting its strategic pivot to the new energy sector that began around 2021. Most recently in November 2025, its controlling shareholder Shanghai Lingyi New Materials Co., Ltd. and actual controller Huang Da signed a share transfer agreement with Tibet San'nan Antimony Gold Resources Co., Ltd. to sell 20.2338 million shares (7.76% of total shares) at 15.21 yuan per share for 307.76 million yuan, positioning the buyer as the new largest shareholder and triggering a control change pending regulatory approvals and share registration; trading halted from November 25, 2025, and resumed December 2, 2025. Shanghai Lingyi also committed to waiving voting rights on its remaining 14.1 million shares, while second-largest shareholder Yang Yongzhu waived rights on 15.85 million shares, enabling the buyer to nominate all five board directors post-shareholder approval.