000570.SHE Changchai Co Ltd
- Market cap
- CNY 3.39B
- P/E
- 26.7x
- P/B
- 0.95x
- ROE
- 4.5%
- Dividend yield
- 0.21%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 000570.SHE undervalued?
Graham number000570.SHE trades 6.2% above its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Changchai Co Ltd fundamental analysis
No fundamental analysis for Changchai Co Ltd yet.
Changchai Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Changchai Co Ltd
Changchai Company, Limited, together with its subsidiaries, produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People's Republic of China and internationally. The company offers light diesel and outboard engines; gasoline engines under the Robin brand; and intelligent integrated charging stations. Its diesel engines are used in tractors, combine harvesters, light commercial vehicles, agricultural equip…
Full company profileChangchai Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Changchai Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2.28B | 2.42B | 2.13B | 2.05B | 2.30B | 2.45B | 2.18B | 2.16B | 2.42B | 2.48B | 2.84B |
| Gross Profit | 374M | 312M | 276M | 293M | 334M | 357M | 217M | 243M | 282M | 296M | 361M |
| Operating Income | 70.0M | 33.7M | 75.2M | 26.5M | 56.0M | 113M | 78.1M | 153M | 13.4M | 61.2M | 102M |
| EBITDA | 163M | 149M | 178M | 129M | 148M | 202M | 170M | 250M | 105M | 153M | 196M |
| Net Income | 62.5M | 46.4M | 62.0M | 25.0M | 52.4M | 103M | 76.7M | 108M | 18.5M | 50.8M | 162M |
| EPS | 0.11 | 0.08 | 0.11 | 0.04 | 0.09 | 0.17 | 0.11 | 0.15 | 0.03 | 0.07 | 0.23 |
| Balance Sheet | |||||||||||
| Total Assets | 3.72B | 3.73B | 3.55B | 3.49B | 3.95B | 4.86B | 5.22B | 5.16B | 5.38B | 5.58B | 5.71B |
| Total Liabilities | 1.38B | 1.46B | 1.48B | 1.36B | 1.66B | 1.76B | 1.86B | 1.69B | 1.94B | 2.05B | 2.04B |
| Shareholders' Equity | 2.32B | 2.25B | 2.04B | 2.11B | 2.27B | 3.08B | 3.28B | 3.40B | 3.36B | 3.44B | 3.58B |
| Cash & Short-term Investments | 671M | 445M | 805M | 652M | 772M | 1.11B | 1.30B | 1.31B | 1.37B | 1.34B | 878M |
| Total Debt | 10.0M | 46.4M | 47.5M | 22.0M | 22.0M | 74.0M | 115M | 584M | 94.5M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 99.5M | -122M | 274M | -20.5M | 252M | -266M | 365M | 137M | -154M | 290M | - |
| Capital Expenditure | 59.3M | 57.7M | 18.5M | 39.2M | 134M | 140M | 48.4M | 97.1M | 19.3M | 11.9M | 7.27M |
| Free Cash Flow | 40.2M | -179M | 255M | -59.8M | 118M | -406M | 316M | 40.1M | -174M | 278M | -508M |
| Ratios | |||||||||||
| ROE | 2.7% | 2.1% | 3.0% | 1.2% | 2.3% | 3.3% | 2.3% | 3.2% | 0.5% | 1.5% | 4.5% |
| ROA | 1.7% | 1.2% | 1.7% | 0.7% | 1.3% | 2.1% | 1.5% | 2.1% | 0.3% | 0.9% | 2.8% |
| Net Profit Margin | 2.7% | 1.9% | 2.9% | 1.2% | 2.3% | 4.2% | 3.5% | 5.0% | 0.8% | 2.1% | 5.7% |
| Debt to Equity | 0.00x | 0.02x | 0.02x | 0.01x | 0.01x | 0.02x | 0.04x | 0.17x | 0.03x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Changchai Co Ltd dividends
- Dividend yield
- 0.21%
- Forward dividend
- 0.02 CNY
- Payout ratio
- 13.9%
- Ex-dividend date
- May 20, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 7.06M | 0.01 | 13.9% |
| 2024 | CNY 33.2M | 0.05 | 179.4% |
| 2023 | CNY 7.20M | 0.01 | 6.6% |
| 2022 | CNY 18.7M | 0.03 | 24.4% |
| 2021 | CNY 1.71M | 0.00 | 1.7% |
| 2020 | CNY 3.23M | 0.01 | 6.2% |
| 2019 | CNY 14.0M | 0.03 | 56.2% |
| 2018 | CNY 19.3M | 0.03 | 31.2% |
| 2017 | CNY 18.2M | 0.03 | 39.2% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 15:10 on Sep 18, 2009.
Who owns Changchai Co Ltd
- Insiders 41.59%
- Institutions 3.15%
- Public & others 55.26%
- Shares outstanding 556M
- Free float 475M
Changchai Co Ltd company profile
- Company name
- Changchai Co Ltd
- Ticker
- 000570.SHE
- ISIN
- CNE000000GT3
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Mar 15, 1994
- Sector
- Industrials
- Industry
- Machinery
- Employees
- 2,375
- Fiscal year end
- December
- Address
- No.123 Huaide Middle Road, Changzhou, China, 213002
- Phone
- 86 51 9866 00341
- Website
- changchai.com.cn
About Changchai Co Ltd
Changchai Company, Limited, together with its subsidiaries, produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People's Republic of China and internationally. The company offers light diesel and outboard engines; gasoline engines under the Robin brand; and intelligent integrated charging stations. Its diesel engines are used in tractors, combine harvesters, light commercial vehicles, agricultural equipment, small construction machinery, generating sets, marine engines, pickup and light trucks, low-speed trucks, gardening machinery, plant protection machinery, rice transplanters, cold chain and ships, water pump units, road maintenance machinery, and other fields. The company also provides diesel engine blocks, cylinder heads, crankshafts, gear chamber covers, balance shafts, and other parts for diesel engine manufacturing enterprises; castings, such as clamp bodies, brackets, and valve plates; waterjet propellers, marine diesel emergency fire pump units, small marine generator units, and marine supporting products; and grain harvesting machines, rotary tillers, walking tractors, and molds and fixtures. In addition, it engages in the assembly and sale of diesel and gasoline engine units. Further, the company offers external investment and consulting services; and real estate management services. It also exports its products. Changchai Company, Limited was founded in 1913 and is headquartered in Changzhou, the People's Republic of China.
Changchai Co Ltd management
8- Mr. Guozhong XieGM & Non-Independent Director · born 1969
- Mr. He JiangHead of Financial Department, Chief Accountant & Non-Independent Director · born 1972
- Mr. Weifeng WangChief Engineer · born 1972
- Ms. Weixuan CaiEmployee Director · born 1987
- Mr. Jianjiang HeVice-General Manager & Secretary of the Board · born 1979
- Mr. Jianzhong SunVice-General Manager · born 1972
- Mr. Jing WangVice General Manager · born 1988
- Mr. Yi LiuDirector of Audit Department & Supervisor · born 1969