Z 
Zhejiang Weiming Environment Protection Co 603568.SS · CNY
Industrials · Shanghai · 🇨🇳 China
12.88
-1.30%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥6.24bn
FY2016FY2025
Net income
CN¥2.21bn
FY2016FY2025
Free cash flow
CN¥1.13bn
FY2016FY2025
Shareholders' equity
CN¥14.99bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥6.24bn | CN¥7.17bn | CN¥6.02bn | CN¥4.47bn | CN¥4.29bn | CN¥3.12bn | CN¥2.04bn | CN¥1.55bn | CN¥1.03bn | CN¥693.2m |
| Research and development | CN¥130.0m | CN¥114.3m | CN¥99.9m | CN¥84.5m | CN¥60.7m | CN¥60.2m | CN¥34.3m | CN¥17.1m | CN¥6.9m | CN¥5.0m |
| Operating income | CN¥2.85bn | CN¥3.35bn | CN¥2.29bn | CN¥2.01bn | CN¥1.87bn | CN¥1.53bn | CN¥1.19bn | CN¥860.5m | CN¥621.9m | CN¥338.5m |
| Net income | CN¥2.21bn | CN¥2.70bn | CN¥2.05bn | CN¥1.66bn | CN¥1.60bn | CN¥1.26bn | CN¥974.4m | CN¥740.1m | CN¥506.9m | CN¥328.6m |
| Diluted earnings per share | 1.31 | 1.64 | 1.20 | 0.94 | 0.98 | 0.77 | 0.56 | 0.46 | 0.33 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥30.17bn | CN¥27.48bn | CN¥24.10bn | CN¥20.22bn | CN¥14.65bn | CN¥10.47bn | CN¥6.91bn | CN¥5.74bn | CN¥3.93bn | CN¥3.36bn |
| Cash and short-term investments | — | CN¥2.27bn | CN¥2.59bn | CN¥2.38bn | CN¥813.6m | CN¥1.21bn | CN¥802.0m | CN¥1.19bn | CN¥541.7m | CN¥341.3m |
| Total liabilities | CN¥13.26bn | CN¥12.46bn | CN¥11.57bn | CN¥9.68bn | CN¥6.46bn | CN¥4.92bn | CN¥2.68bn | CN¥2.65bn | CN¥1.62bn | CN¥1.45bn |
| Debt | — | CN¥7.70bn | CN¥6.83bn | CN¥6.01bn | CN¥3.39bn | CN¥2.39bn | CN¥1.00bn | CN¥1.15bn | CN¥341.0m | CN¥348.0m |
| Shareholders' equity | CN¥14.99bn | CN¥13.31bn | CN¥11.10bn | CN¥9.29bn | CN¥7.65bn | CN¥5.49bn | CN¥4.21bn | CN¥3.08bn | CN¥2.31bn | CN¥1.92bn |
| Shares outstanding | 1,691m | 1,653m | 1,704m | 1,771m | 1,632m | 1,623m | 1,726m | 1,606m | 1,545m | 1,621m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥3.22bn | CN¥2.43bn | CN¥2.33bn | CN¥2.19bn | CN¥1.19bn | CN¥952.5m | CN¥867.9m | CN¥743.9m | CN¥664.5m | CN¥428.0m |
| Capital spending | −CN¥2.09bn | −CN¥3.05bn | −CN¥2.27bn | −CN¥2.25bn | −CN¥2.36bn | −CN¥1.90bn | −CN¥1.21bn | −CN¥1.07bn | −CN¥440.4m | −CN¥246.7m |
| Free cash flow | CN¥1.13bn | −CN¥622.7m | CN¥58.3m | −CN¥59.8m | −CN¥1.17bn | −CN¥945.2m | −CN¥346.3m | −CN¥323.1m | CN¥224.1m | CN¥181.2m |
| Dividends paid | −CN¥982.5m | −CN¥626.8m | −CN¥327.1m | −CN¥169.4m | −CN¥380.6m | −CN¥299.6m | −CN¥226.9m | −CN¥196.9m | −CN¥153.0m | −CN¥106.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.61bn | CN¥1.46bn | CN¥355.6m | CN¥1.98bn | CN¥1.89bn | CN¥2.01bn | CN¥1.13bn | CN¥1.93bn |
| Operating income | CN¥684.7m | CN¥583.2m | CN¥159.4m | CN¥840.2m | CN¥823.8m | CN¥883.1m | CN¥717.7m | CN¥816.8m |
| Net income | CN¥490.1m | CN¥439.4m | CN¥78.5m | CN¥710.2m | CN¥708.8m | CN¥716.0m | CN¥593.0m | CN¥688.0m |
| Diluted earnings per share | 0.29 | 0.26 | 0.05 | 0.42 | 0.42 | 0.42 | 0.36 | 0.42 |
| Cash from operations | — | — | — | CN¥975.0m | CN¥763.0m | CN¥563.0m | — | CN¥510.0m |
| Capital spending | −CN¥238.0m | −CN¥537.0m | −CN¥500.0m | −CN¥410.0m | −CN¥518.0m | −CN¥660.0m | −CN¥1.07bn | −CN¥484.0m |
| Free cash flow | — | — | — | CN¥565.0m | CN¥245.0m | −CN¥97.0m | — | CN¥26.0m |
| Total assets | CN¥29.59bn | CN¥30.45bn | CN¥30.17bn | CN¥29.95bn | CN¥29.19bn | CN¥28.74bn | CN¥27.48bn | CN¥26.89bn |
| Cash and short-term investments | — | — | — | CN¥2.97bn | CN¥2.16bn | CN¥2.65bn | CN¥2.27bn | CN¥2.40bn |
| Debt | CN¥5.84bn | CN¥5.94bn | CN¥6.14bn | CN¥1.44bn | CN¥6.83bn | CN¥7.00bn | CN¥6.54bn | CN¥6.80bn |
| Shareholders' equity | CN¥14.70bn | CN¥15.42bn | CN¥14.99bn | CN¥14.63bn | CN¥13.93bn | CN¥14.03bn | CN¥13.31bn | CN¥12.68bn |
Financial ratios
Data as of 18 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 45.7% | 46.8% | 38.0% | 45.0% | 43.6% | 48.9% |
| Net margin | 35.5% | 37.7% | 34.0% | 37.2% | 37.4% | 40.3% |
| Return on equity | 14.8% | 20.3% | 18.5% | 17.9% | 21.0% | 22.9% |
| Return on assets | 7.3% | 9.8% | 8.5% | 8.2% | 11.0% | 12.0% |
| Free cash flow yield | 23.4% | 24.8% | 20.1% | 18.7% | 16.3% | 13.1% |
| Revenue growth | -13.0% | 19.0% | 34.7% | 4.3% | 37.3% | 53.3% |
| Earnings growth | -18.1% | 32.0% | 23.1% | 3.7% | 27.7% | 29.0% |
| Current ratio | 1.95x | 2.27x | 1.74x | 1.86x | 1.15x | 1.78x |
| Debt to equity | 0.41x | 0.49x | 0.54x | 0.61x | 0.41x | 0.42x |
| Equity ratio | 49.7% | 48.4% | 46.1% | 45.9% | 52.2% | 52.4% |
| Interest coverage | 15.57x | 11.76x | 8.50x | 8.05x | 15.68x | 18.71x |
| R&D as a share of sales | 2.1% | 1.6% | 1.7% | 1.9% | 1.4% | 1.9% |
| Buybacks as a share of market value | -2.3% | 3.0% | 3.8% | -8.5% | -0.5% | 6.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.7% | 14.8% | 24.9% |
| Operating income | 12.3% | 13.3% | 26.3% |
| Net income | 10.0% | 12.0% | 22.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 46.3% | 43.9% | 44.4% | 46.1% |
| Net margin | 36.7% | 36.1% | 36.7% | 38.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 19.4 | 13.2 | 13.3 | 19.7 | 28.6 | 18.8 | 18.5 | 16.7 | 21.6 | 38.8 |
| Price to sales | 6.9 | 5.0 | 4.5 | 7.3 | 10.7 | 7.6 | 8.8 | 8.0 | 10.7 | 18.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 26 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.60 | 0.40 | 0.208 | 0.125 | 0.083 | 0.196 | 0.199 | 0.121 |
- 13-for-10 split · 6 Jul 2022
- 13-for-10 split · 23 Jun 2020
- 3-for-2 split · 15 Jun 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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