Guangdong Tianhe Agricultural Means Of Production Co. Ltd. Class A

Guangdong Tianhe Agricultural Means Of Production Co. Ltd. Class A

SSZSE:002999
5.83
CNY
-0.01
(-0.17%)
0.27EPS
30.49P/E
1.85BMarket 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
21.37
23.56
24.62
19.61
22.55
27.51
34.93
34.08
37.13
42.39
44.91
39
38.62
42.42
Basic EPS, GAAP
0.18
0.26
0.22
0.1
0.24
0.35
0.3
0.27
0.28
0.31
0.29
0.06
0.17
0.17
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.24
-1.23
1.34
1.25
0.97
-0.26
-0.91
-1.99
0.49
- -
Dividend per Share
0.26
0.22
0.35
0.36
0.28
0.41
0.5
0.39
0.24
0.24
0.26
0.31
0.33
0.38
Book Value per Share
1.96
2.14
2.18
2.16
2.29
2.43
2.52
2.96
3.14
3.35
3.54
3.48
3.52
3.54
Tangible Book Value per Share
1.66
1.72
1.68
1.62
1.77
1.99
1.62
2.26
2.46
2.7
2.91
2.87
2.91
2.93
Basic Weighted Avg Shares
262
259
261
269
261
261
258
294
350
342
345
371
352
366
Sales/Revenue/Turnover
5,595
6,095
6,428
5,268
5,882
7,191
9,012
10,037
13,000
14,504
15,511
14,455
13,590
15,529
Operating Margin (%)
1.91
2.48
2.1
2.24
3.2
3.14
2.42
2.11
2.28
2.16
1.68
0.97
1.84
1.79
Depreciation Expense
- -
- -
- -
- -
20
22
24
28
40
47
58
65
93
- -
Net Income, GAAP
47
68
58
27
63
91
77
80
98
106
100
22
60
64
Effective Tax Rate (%)
28.57
24.84
26.59
25.84
25.47
24.64
15.95
19.69
20.79
26.69
33.76
29.94
27.37
22.48
Profit Margin (%)
0.84
1.12
0.9
0.51
1.08
1.27
0.86
0.79
0.75
0.73
0.65
0.15
0.44
0.41
Working Capital
324
327
328
322
479
402
413
691
944
729
695
870
906
897
LT Debt
- -
- -
- -
- -
47
45
54
30
79
28
32
49
150
142
Total Equity
564
621
660
675
719
774
833
1,227
1,343
1,440
1,463
1,720
1,726
1,715
Return on Invested Capital (%)
- -
4.79
2.61
1.72
6.4
6.28
5.31
4.89
7.51
7.66
4.57
1.15
2.25
2.54
Return on Capital (%)
- -
5.85
4.54
3.26
5.05
5.85
4.66
4.48
3.88
5.14
6.66
1.68
2.68
2.08
Return on Common Equity (%)
- -
12.82
10.27
4.75
10.93
14.88
12
9.43
9.24
9.41
8.37
1.82
4.92
5.21

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,277
1,607
2,261
LT Borrowings
- -
- -
- -
LT Finance Leases
150
144
142
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
348
348
348
Market Capitalization
2,374
2,461
1,849

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,050
7,991
6,892
Cash, Cash Equivalents & STI
828
1,172
941
Accounts Receivable, Net
454
770
886
Inventories
2,519
3,378
3,635
Total Current Liabilities
5,145
7,080
5,995
Payables & Accruals
- -
- -
- -
ST Debt
1,277
1,607
2,261
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.76%
7.23%
0.38%
Free Cash Flow
- -
25.68%
-123.2%
Net Income, GAAP
23.12%
23.42%
169%
Sales/Revenue/Turnover
8.78%
7.05%
-5.98%
Total Cash Common Dividend
4.58%
1.64%
0.78%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,236
5,060
3,098
3,061
14,455
2025
3,934
3,768
- -
3,173
13,590
2026
3,957
4,629
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.03
-0.01
0.03
0.06
2025
0.04
0.03
- -
0.07
0.17
2026
0.02
0.06
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
0.12
0.04
0.08
0.31
2025
0.04
0.18
- -
0.07
0.33
2026
0.03
0.12
- -
- -
- -

Company Description

CEO
Wei Ying Yao
Full Time Employees
2,708
Sector
Distribution services
Industry
Wholesale distributors
Address
709 Dongfeng Road East Guangzhou GD China 510080
IPO Date
Sep 3, 2020
Business
Guangdong Tianhe Agricultural Means of Production Co., Ltd. Guangdong Tianhe Agricultural Means of Production Co., Ltd. is a China-based distributor of agricultural inputs and provider of crop solutions, principally engaged in the wholesale of fertilizers, pesticides, seeds, seedlings, and agricultural equipment; it also offers professional modern agricultural technology services and warehousing-logistics support. The company distributes nitrogen fertilizers, potash fertilizers, compound fertilizers, specialty fertilizers including foliar and NPK blends, urea, herbicides, fungicides, seed dressing agents, public health pesticides, and original drugs through a direct terminal network encompassing over 100 distribution centers that serve more than 20,000 agricultural service stations, large growers, and 2 million farmers and cooperatives nationwide. Operations span key regions including South Central China, East China, Northeast China, Southwest China, North China, Northwest China, and limited overseas markets, with a workforce of 2,734 employees. Founded in 2009 through shareholding system restructuring of an entity with 70 years of operating history under the Guangdong Supply and Marketing Cooperative Association, the company maintains headquarters at 709 Dongfeng East Road, Yuexiu District, Guangzhou, Guangdong Province. It listed on the Shenzhen Stock Exchange in September 2020 as the first circulating agricultural stock in South China (ticker: 002999.SZ), bolstering its role as a national key leading enterprise in agricultural industrialization and a provider of full-category differentiated agricultural products. Guangdong Tianhe emphasizes efficient, low-toxic, green products via long-term strategic partnerships with domestic and international manufacturers, alongside over 10,000 annual agritech service activities delivered by specialized teams and distribution vehicles. In recent developments, the company has expanded its agricultural services revenue stream, growing from 114 million CNY in 2021 to 472 million CNY in 2024, reflecting heightened demand for integrated crop solutions and technical support. Pesticide sales rose to 2.7 billion CNY in 2024 amid sustained fertilizer dominance at 10.71 billion CNY, while chemical industry contributions declined to 423 million CNY, signaling a strategic pivot toward core agritech distribution. As a supply and marketing system livelihood insurer, it continues to deepen terminal network integration and service-oriented operations without reported major acquisitions, funding rounds, or reorganizations in the past 1-2 years.