Changchai Company Limited Class A

Changchai Company Limited Class A

2.13
HKD
+0.03
(+1.43%)
0.16EPS
11.30P/E
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
1.67
1.42
1.53
1.34
1.39
1.26
1.21
1.36
1.31
1.03
1.02
1.14
1.17
2.59
Basic EPS, GAAP
0.04
0.04
0.04
0.04
0.03
0.04
0.01
0.03
0.06
0.04
0.05
0.01
0.02
0.13
Free Cash Flow per Basic Share
-0.02
-0.06
0.06
0.02
-0.1
0.15
-0.04
0.07
-0.22
0.15
0.02
-0.08
0.13
- -
Dividend per Share
0.01
0.01
0.01
0.01
0.01
0.01
0.01
- -
- -
0.01
- -
0.02
- -
- -
Book Value per Share
1.07
1.15
1.19
1.38
1.33
1.21
1.25
1.35
1.45
1.55
1.6
1.59
1.63
1.67
Tangible Book Value per Share
1.02
1.09
1.13
1.32
1.27
1.15
1.19
1.25
1.38
1.48
1.53
1.52
1.56
1.61
Basic Weighted Avg Shares
1,749
1,752
1,642
1,707
1,743
1,693
1,685
1,686
1,866
2,118
2,119
2,119
2,119
1,059
Sales/Revenue/Turnover
2,928
2,490
2,520
2,283
2,423
2,133
2,046
2,296
2,452
2,182
2,156
2,416
2,476
2,747
Operating Margin (%)
3.71
3.77
4.21
4.02
2.39
-0.09
2.7
2.3
2.48
-3.66
-0.24
1.84
2.47
5.77
Depreciation Expense
75
81
89
87
96
92
90
86
81
86
96
91
86
- -
Net Income, GAAP
76
64
71
63
46
62
25
52
103
77
108
18
51
141
Effective Tax Rate (%)
23.43
22.97
18.71
14.95
3.44
17.89
6.42
3.84
10.73
3.02
24.71
- -
12.48
10.55
Profit Margin (%)
2.59
2.58
2.82
2.74
1.92
2.91
1.22
2.28
4.2
3.51
5.03
0.77
2.05
5.14
Working Capital
659
678
788
873
831
919
937
897
1,435
1,206
1,472
1,566
1,734
1,831
LT Debt
- -
- -
- -
- -
22
2
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
1,826
1,953
2,021
2,342
2,266
2,063
2,131
2,293
3,097
3,357
3,470
3,441
3,525
3,626
Return on Invested Capital (%)
4.64
3.77
3.81
3.03
1.64
3.57
1.51
2.82
3.92
2.39
3.45
- -
1.72
4.1
Return on Capital (%)
4.14
3.36
3.52
2.84
2.14
3.14
1.67
2.67
3.95
2.29
2.99
- -
1.24
3.67
Return on Common Equity (%)
4.14
3.43
3.61
2.89
2.03
2.89
1.2
2.39
3.85
2.41
3.25
0.55
1.49
4.07

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
89
52
8
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,119
2,119
2,119
Market Capitalization
3,465
3,561
3,190

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,518
3,594
3,755
Cash, Cash Equivalents & STI
1,710
1,516
1,642
Accounts Receivable, Net
452
1,089
1,282
Inventories
757
580
567
Total Current Liabilities
1,784
1,782
1,924
Payables & Accruals
- -
- -
- -
ST Debt
89
52
8
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.3%
9.69%
2.46%
Free Cash Flow
-276.89%
-300.48%
-259.94%
Net Income, GAAP
25.03%
40.86%
174.86%
Sales/Revenue/Turnover
0.21%
1.82%
2.5%
Total Cash Common Dividend
113.27%
233.59%
-78.72%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
836
659
462
458
2,416
2025
898
663
- -
414
2,476
2026
942
728
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Xin Zhang
Full Time Employees
2,375
Sector
Producer manufacturing
Industry
Auto parts: OEM
Address
No.123 Huaide Middle Road Changzhou JS China 213002
IPO Date
Jul 1, 1994
Business
Changchai Company, Limited (000570.SZ) engages in the research, development, production and sale of small and medium-sized single-cylinder and multi-cylinder diesel engines under the Changchai brand and gasoline engines under the Robin brand; generator sets, outboard engines, smart integrated charging stations, diesel engine components, castings, grain harvesting machines, rotary tillers and walking tractors; it also provides external investment, consulting and real estate management services. The company's diesel engines, covering a power range of 3-129kW with cylinder diameters from 65mm to 135mm, and gasoline engines from 1.5-9.0kW, serve agricultural machinery including tractors, harvesters, high-speed rice transplanters and plant protection machinery; construction machinery; generator sets; light, low-speed and pickup trucks; cold chain equipment and ships. Products are distributed domestically in China and exported to over 80 countries including Southeast Asia, South America, the Middle East, Africa and Europe. Founded in 1913 and headquartered at No. 123 Huaide Middle Road, Changzhou, Jiangsu Province, China, Changchai operates through subsidiaries such as Changzhou Changchai Benniu Diesel Engine Parts Co., Ltd., Changchai Wanzhou Diesel Engine Co., Ltd., Changzhou Horizon Investment Co., Ltd., Changzhou Changchai Horizon Agricultural Equipment Co., Ltd., Changzhou Fuji Changchai Robin Gasoline Engine Co., Ltd., Jiangsu Changchai Machinery Co., Ltd., Changzhou Xingsheng Real Estate Management Co., Ltd. and Zhenjiang Siyang Diesel Engine Manufacturing Co., Ltd. In the first half of 2024, the company acquired the remaining 25% equity in Changzhou Changchai Horizon Agricultural Equipment Co., Ltd. from Changzhou Horizon Investment Co., Ltd., achieving 100% direct ownership; received RMB117 million in total housing expropriation compensation from Wuxing Branch and RMB30 million initial payment from Sanjing Branch; advanced National Emission Standard IV-compliant multi-cylinder diesel engines with upgraded post-processing for market verification and emission certification; completed supporting road tests for CC12 diesel engines in three-wheeled motorcycles; enhanced outboard engines securing ship inspection certificates for D25 models and overseas exports; and expanded intelligent charging stations into the flight defence market while boosting foreign trade sales in emerging markets. With 2,421 employees and an annual capacity of 700,000 diesel engines, over 60,000 tons of castings and 200,000 gasoline engines, Changchai maintains leading market share in certain single-cylinder diesel engine segments in China per China Internal Combustion Engine Industry Association data.