002046.SHE Sinomach Precision Industry Co Ltd
- Market cap
- CNY 27.8B
- P/E
- 199.7x
- P/B
- 6.38x
- ROE
- 2.6%
- Dividend yield
- 0.48%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002046.SHE undervalued?
Graham numberThe Graham number of Sinomach Precision Industry Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
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?
Sinomach Precision Industry Co Ltd fundamental analysis
No fundamental analysis for Sinomach Precision Industry Co Ltd yet.
Sinomach Precision Industry Co Ltd stock price
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About Sinomach Precision Industry Co Ltd
Sinomach Precision Industry Group Co., Ltd. engages in the research, development, manufacture, and sale of bearings, abrasives, and grinding tools in China. The company operates through Bearings Business Segment, Abrasives & Grinding Tools Business Segment, Supply Chain Business Segment, and Other Management Business Segment. It offers bearing products, bearing manufacturing equipment, electric spindle and spindle units, and bearing inspection, testing and analysis, industry…
Full company profileSinomach Precision Industry 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.
Sinomach Precision Industry 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 | 1.39B | 1.49B | 2.07B | 2.09B | 2.36B | 3.33B | 3.44B | 2.78B | 2.66B | 3.02B | 3.22B |
| Gross Profit | 319M | 426M | 484M | 468M | 489M | 626M | 801M | 897M | 924M | 1.03B | 1.11B |
| Operating Income | -18.9M | 150M | 109M | 90.3M | 110M | 130M | 235M | 299M | 334M | 413M | 357M |
| EBITDA | 98.4M | 166M | 199M | 171M | 221M | 246M | 352M | 361M | 390M | 565M | 235M |
| Net Income | 95.6M | 16.4M | 22.9M | 27.5M | 62.3M | 127M | 233M | 259M | 280M | 260M | 112M |
| EPS | 0.21 | 0.04 | 0.04 | 0.05 | 0.12 | 0.24 | 0.44 | 0.49 | 0.53 | 0.49 | 0.21 |
| Balance Sheet | |||||||||||
| Total Assets | 3.88B | 3.74B | 4.61B | 4.62B | 4.75B | 4.93B | 5.25B | 5.17B | 6.19B | 8.02B | 8.23B |
| Total Liabilities | 1.63B | 1.52B | 1.78B | 1.77B | 1.83B | 1.91B | 2.06B | 1.79B | 2.44B | 2.37B | 2.55B |
| Shareholders' Equity | 2.13B | 2.10B | 2.68B | 2.70B | 2.77B | 2.88B | 3.10B | 3.27B | 3.48B | 4.37B | 4.36B |
| Cash & Short-term Investments | 524M | 466M | 1.10B | 775M | 831M | 728M | 747M | 831M | 1.16B | 1.67B | 845M |
| Total Debt | 798M | 807M | 1.07B | 922M | 816M | 825M | 364M | 750M | 611M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -28.9M | 140M | -65.2M | 70.2M | 381M | 185M | 291M | 364M | 254M | -223M | - |
| Capital Expenditure | 53.4M | 175M | 102M | 172M | 144M | 218M | 225M | 213M | 392M | 627M | 629M |
| Free Cash Flow | -14.5M | -35.4M | -167M | -102M | 237M | -32.8M | 66.9M | 151M | -138M | -849M | -1.00B |
| Ratios | |||||||||||
| ROE | 4.5% | 0.8% | 0.9% | 1.0% | 2.2% | 4.4% | 7.5% | 7.9% | 8.0% | 6.0% | 2.6% |
| ROA | 2.5% | 0.4% | 0.5% | 0.6% | 1.3% | 2.6% | 4.4% | 5.0% | 4.5% | 3.2% | 1.4% |
| Net Profit Margin | 6.9% | 1.1% | 1.1% | 1.3% | 2.6% | 3.8% | 6.8% | 9.3% | 10.5% | 8.6% | 3.5% |
| Debt to Equity | 0.38x | 0.38x | 0.40x | 0.34x | 0.29x | 0.29x | 0.12x | 0.23x | 0.18x | - | - |
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.
Sinomach Precision Industry Co Ltd dividends
- Dividend yield
- 0.48%
- Forward dividend
- 0.20 CNY
- Payout ratio
- 50.8%
- Ex-dividend date
- Jun 16, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 132M | 0.25 | 50.8% |
| 2024 | CNY 126M | 0.24 | 45.2% |
| 2023 | CNY 120M | 0.23 | 46.6% |
| 2022 | CNY 85.6M | 0.16 | 36.7% |
| 2021 | CNY 23.6M | 0.04 | 18.5% |
| 2020 | CNY 42.1M | 0.08 | 67.6% |
| 2019 | CNY 7.34M | 0.01 | 26.7% |
| 2018 | CNY 48.3M | 0.09 | 210.7% |
| 2017 | CNY 40.8M | 0.09 | 249.4% |
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: 20:10 on Jun 27, 2012.
Who owns Sinomach Precision Industry Co Ltd
- Insiders 57.27%
- Institutions 3.41%
- Public & others 39.32%
- Shares outstanding 536M
- Free float 269M
Sinomach Precision Industry Co Ltd company profile
- Company name
- Sinomach Precision Industry Co Ltd
- Ticker
- 002046.SHE
- ISIN
- CNE000001LY1
- Exchange
- Shenzhen Stock Exchange
- Listed since
- May 26, 2005
- Sector
- Industrials
- Industry
- Machinery
- Employees
- 2,486
- Fiscal year end
- December
- Address
- No. 121 Science Avenue, Zhengzhou, China, 450199
- Phone
- 86 37 1866 17052
- Website
- sinomach-pi.cn
About Sinomach Precision Industry Co Ltd
Sinomach Precision Industry Group Co., Ltd. engages in the research, development, manufacture, and sale of bearings, abrasives, and grinding tools in China. The company operates through Bearings Business Segment, Abrasives & Grinding Tools Business Segment, Supply Chain Business Segment, and Other Management Business Segment. It offers bearing products, bearing manufacturing equipment, electric spindle and spindle units, and bearing inspection, testing and analysis, industry standard formulation and revision, bearing industry training, bearing trade, and other services. The company also provides super hard materials and products, such as V-CBN grinding wheels for crankshafts/camshafts, ultra-thin cutting wheels and dicing blades for semiconductor packaging, dicing blades for wafer dicing, grinding wheels for polycrystalline and monocrystalline silicon, grinding wheels for LEDs, grinding wheels for CNC tool grinders, ceramic carriers for CMP, diamond polishing slurries, etc.; and bonded and coated abrasives. In addition, it offers precision cutting tools, including cemented carbide oil pipe threading, CNC, superhard, hole-making, bearing, and automotive tools; gear measuring instruments, laser interferometers, active and stationary measuring instruments, PVD, CVD, and PCVD coating technologies and services, and QPQ salt bath composite treatment technology and equipment. Further, the company provides industry, technical consulting, and trade services. It serves automotive, electronics, LED, photovoltaic, tools, refrigeration, aerospace, high-speed rail, electronics, bearing, metal, sheet metal, and jewelry industries. The company was formerly known as Sinomach Precision Industry Co., Ltd. and changed its name to Sinomach Precision Industry Group Co., Ltd. in October 2023. Sinomach Precision Industry Group Co., Ltd. was founded in 2001 and is based in Zhengzhou, China.
Sinomach Precision Industry Co Ltd management
8- Mr. Ning YanGM & Director · born 1981
- Ms. Min LiChief Financial Officer · born 1976
- Mr. Xianggong ZhaoBoard Secretary · born 1973
- Mr. Yanhui WangDeputy General Manager · born 1968
- Mr. Yanjun ZhaoDeputy General Manager · born 1977
- Mr. Chen BinDeputy General Manager · born 1975
- Mr. Yuanan GaoDeputy General Manager · born 1975
- Qing Li ZhiAccounting Supervisor