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Shanghai Zhenhua Heavy Industries Co 600320.SS · CNY

Industrials · Shanghai · 🇨🇳 China

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4.26

-0.70%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥36.26bn

FY2016FY2025

Net income

CN¥731.8m

FY2016FY2025

Free cash flow

CN¥5.20bn

FY2016FY2025

Shareholders' equity

CN¥16.18bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥36.26bnCN¥34.46bnCN¥32.93bnCN¥30.19bnCN¥25.98bnCN¥22.66bnCN¥24.60bnCN¥21.81bnCN¥21.86bnCN¥24.35bn
Gross profitCN¥6.61bnCN¥4.29bnCN¥4.15bnCN¥3.96bnCN¥2.22bnCN¥3.07bnCN¥4.07bnCN¥4.04bnCN¥3.42bnCN¥3.81bn
Research and developmentCN¥1.52bnCN¥1.50bnCN¥1.31bnCN¥1.12bnCN¥883.2mCN¥737.5mCN¥887.1mCN¥672.6mCN¥702.4mCN¥851.5m
Operating incomeCN¥2.19bnCN¥861.9mCN¥1.11bnCN¥1.30bnCN¥1.36bnCN¥1.00bnCN¥604.6mCN¥601.8mCN¥484.5mCN¥1.17bn
Net incomeCN¥731.8mCN¥533.5mCN¥520.0mCN¥371.9mCN¥439.8mCN¥422.2mCN¥514.9mCN¥443.0mCN¥300.2mCN¥212.4m
Diluted earnings per share0.140.100.100.070.060.080.100.080.050.04

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥83.03bnCN¥85.77bnCN¥84.86bnCN¥78.21bnCN¥78.33bnCN¥79.32bnCN¥74.41bnCN¥70.60bnCN¥67.52bnCN¥60.82bn
Cash and short-term investments—CN¥6.40bnCN¥5.83bnCN¥3.27bnCN¥5.73bnCN¥4.55bnCN¥5.05bnCN¥3.75bnCN¥5.78bnCN¥3.60bn
Total liabilitiesCN¥64.28bnCN¥67.45bnCN¥66.00bnCN¥60.09bnCN¥60.68bnCN¥62.25bnCN¥55.84bnCN¥52.99bnCN¥50.69bnCN¥44.34bn
DebtCN¥13.05bnCN¥20.09bnCN¥35.91bnCN¥29.78bnCN¥33.45bnCN¥36.02bnCN¥37.70bnCN¥35.86bnCN¥34.33bnCN¥26.21bn
Shareholders' equityCN¥16.18bnCN¥15.87bnCN¥15.76bnCN¥15.17bnCN¥14.99bnCN¥14.57bnCN¥15.54bnCN¥15.19bnCN¥15.01bnCN¥15.20bn
Shares outstanding5,268m5,335m5,268m5,268m7,646m5,318m5,202m5,469m6,666m5,193m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥6.25bnCN¥5.28bnCN¥5.18bnCN¥2.57bnCN¥2.12bnCN¥819.4mCN¥1.29bnCN¥553.9mCN¥1.33bnCN¥1.66bn
Capital spending−CN¥1.05bn−CN¥1.06bn−CN¥747.0m−CN¥488.8m−CN¥1.27bn−CN¥1.64bn−CN¥1.74bn−CN¥3.11bn−CN¥1.33bn−CN¥1.16bn
Free cash flowCN¥5.20bnCN¥4.21bnCN¥4.44bnCN¥2.08bnCN¥854.2m−CN¥819.5m−CN¥445.5m−CN¥2.55bn−CN¥1.8mCN¥501.0m
Dividends paid−CN¥947.8m−CN¥1.11bn−CN¥987.0m−CN¥1.34bn−CN¥1.12bn−CN¥263.4m−CN¥263.4m−CN¥1.83bn−CN¥1.62bn−CN¥1.25bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥9.03bnCN¥8.59bnCN¥10.25bnCN¥8.61bnCN¥8.88bnCN¥8.52bnCN¥9.09bnCN¥8.13bn
Gross profitCN¥1.33bnCN¥1.03bnCN¥2.02bnCN¥1.08bnCN¥944.4mCN¥907.5mCN¥1.15bnCN¥1.14bn
Operating incomeCN¥690.6mCN¥610.6mCN¥961.3mCN¥261.3mCN¥149.6mCN¥326.8mCN¥276.2mCN¥385.2m
Net incomeCN¥126.3mCN¥376.3mCN¥208.0mCN¥179.4mCN¥89.1mCN¥255.3mCN¥100.7mCN¥126.4m
Diluted earnings per share0.020.070.040.030.020.050.020.02
Cash from operations———−CN¥639.0mCN¥1.61bnCN¥1.88bn—CN¥866.0m
Capital spending−CN¥60.0m−CN¥127.0m−CN¥648.0m−CN¥57.0m−CN¥181.0m−CN¥162.0m−CN¥793.0m−CN¥56.0m
Free cash flow———−CN¥696.0mCN¥1.43bnCN¥1.72bn—CN¥810.0m
Total assetsCN¥80.98bnCN¥80.20bnCN¥83.03bnCN¥82.20bnCN¥83.73bnCN¥83.41bnCN¥85.77bnCN¥81.25bn
Cash and short-term investments———CN¥3.39bnCN¥5.67bnCN¥4.90bnCN¥6.40bnCN¥4.27bn
DebtCN¥5.72bnCN¥10.72bnCN¥13.05bnCN¥11.86bnCN¥16.26bnCN¥17.00bnCN¥20.08bnCN¥31.72bn
Shareholders' equityCN¥16.34bnCN¥16.49bnCN¥16.18bnCN¥15.60bnCN¥15.96bnCN¥16.15bnCN¥15.87bnCN¥15.71bn

Financial ratios

Data as of 27 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin18.2%12.4%12.6%13.1%8.5%13.6%
Operating margin6.0%2.5%3.4%4.3%5.2%4.4%
Net margin2.0%1.5%1.6%1.2%1.7%1.9%
Return on equity4.5%3.4%3.3%2.5%2.9%2.9%
Return on assets0.9%0.6%0.6%0.5%0.6%0.5%
Free cash flow yield34.5%29.6%28.0%14.4%11.0%11.5%
Revenue growth5.2%4.6%9.1%16.2%14.7%-7.9%
Earnings growth37.2%2.6%39.8%-15.4%4.2%-18.0%
Current ratio0.92x1.00x0.94x1.07x1.24x0.96x
Debt to equity0.81x1.27x2.16x2.32x2.51x2.72x
Equity ratio19.5%18.5%18.6%19.4%19.1%18.4%
Interest coverage3.42x1.03x1.08x1.19x1.21x0.72x
R&D as a share of sales4.2%4.4%4.0%3.7%3.4%3.3%
Buybacks as a share of market value1.3%-1.3%0.0%31.1%-43.8%-2.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.3%9.9%4.5%
Operating income19.0%16.9%26.6%
Net income25.3%11.6%13.2%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin15.4%14.2%13.3%14.5%
Operating margin4.3%4.1%4.3%3.6%
Net margin1.8%1.6%1.7%1.6%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings37.139.233.645.565.544.836.739.1112.9104.1
Price to sales0.80.60.50.61.10.80.80.81.60.9

Dividends and splits

Per share, in the currency the company pays

Paid for 2 years. Last went ex-dividend on 7 Jan 2026.

FY2025FY2024FY2022FY2020FY2019FY2018FY2017FY2009
Paid in the year0.0750.050.050.050.050.0420.0830.022
  • 6-for-5 split · 13 Aug 2018
  • 13-for-10 split · 24 Jun 2009
  • 2-for-1 split · 3 Jul 2006
  • 1-to-1 reverse split · 29 Mar 2006
  • 3-for-2 split · 5 Jul 2005
  • 2-for-1 split · 10 May 2004

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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