002108.SHE Cangzhou Mingzhu Plastic Co Ltd
- Market cap
- CNY 7.29B
- P/E
- 30.8x
- P/B
- 1.38x
- ROE
- 5.0%
- Dividend yield
- 3.03%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002108.SHE undervalued?
Graham number002108.SHE trades 37.6% 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?
Cangzhou Mingzhu Plastic Co Ltd fundamental analysis
No fundamental analysis for Cangzhou Mingzhu Plastic Co Ltd yet.
Cangzhou Mingzhu Plastic Co Ltd stock price
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About Cangzhou Mingzhu Plastic Co Ltd
Cangzhou Mingzhu Plastic Co.,Ltd., together with its subsidiaries, manufactures and sells PE pipe systems, BOPA films, Li-ion battery separators, and composite pipes in China. The company offers PE gas and water supply pipelines, PE nuclear power/large diameter thick wall PE pipelines, PE fittings, and ground source heat pump heat exchange piping systems; dry uni-axial stretching, wet simultaneous biaxial stretching, and coated modified separators; and fiber-reinforced therm…
Full company profileCangzhou Mingzhu Plastic 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.
Cangzhou Mingzhu Plastic 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 | 2.76B | 3.52B | 3.33B | 3.00B | 2.76B | 2.89B | 2.83B | 2.62B | 2.75B | 2.85B | 3.31B |
| Gross Profit | 905M | 981M | 534M | 449M | 527M | 591M | 464M | 359M | 279M | 355M | 448M |
| Operating Income | 615M | 706M | 352M | 226M | 395M | 430M | 345M | 327M | 177M | 164M | 257M |
| EBITDA | 740M | 863M | 563M | 451M | 605M | 648M | 563M | 524M | 448M | 483M | 332M |
| Net Income | 487M | 545M | 298M | 166M | 301M | 366M | 281M | 273M | 155M | 154M | 262M |
| EPS | 0.34 | 0.38 | 0.21 | 0.12 | 0.21 | 0.26 | 0.18 | 0.16 | 0.09 | 0.09 | 0.16 |
| Balance Sheet | |||||||||||
| Total Assets | 3.63B | 3.83B | 4.85B | 4.76B | 4.95B | 5.51B | 7.01B | 7.11B | 7.57B | 8.19B | 9.06B |
| Total Liabilities | 859M | 614M | 1.55B | 1.39B | 1.37B | 1.69B | 1.78B | 1.99B | 2.42B | 3.17B | 3.65B |
| Shareholders' Equity | 2.71B | 3.16B | 3.24B | 3.27B | 3.49B | 3.70B | 5.12B | 5.12B | 5.15B | 5.02B | 5.19B |
| Cash & Short-term Investments | 620M | 325M | 212M | 202M | 230M | 514M | 1.40B | 801M | 688M | 515M | 504M |
| Total Debt | 484M | 142M | 1.01B | 827M | 685M | 916M | 993M | 1.04B | 1.27B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 173M | 502M | 167M | 188M | 268M | 498M | 287M | 344M | 47.4M | 163M | - |
| Capital Expenditure | 414M | 338M | 155M | 34.1M | 54.5M | 352M | 772M | 909M | 457M | 981M | 1.03B |
| Free Cash Flow | -241M | 164M | 11.6M | 154M | 214M | 146M | -485M | -565M | -409M | -819M | -1.09B |
| Ratios | |||||||||||
| ROE | 18.0% | 17.3% | 9.2% | 5.1% | 8.6% | 9.9% | 5.5% | 5.3% | 3.0% | 3.1% | 5.0% |
| ROA | 13.4% | 14.2% | 6.1% | 3.5% | 6.1% | 6.6% | 4.0% | 3.8% | 2.0% | 1.9% | 2.9% |
| Net Profit Margin | 17.6% | 15.5% | 9.0% | 5.5% | 10.9% | 12.7% | 9.9% | 10.4% | 5.6% | 5.4% | 7.9% |
| Debt to Equity | 0.18x | 0.05x | 0.31x | 0.25x | 0.20x | 0.25x | 0.19x | 0.20x | 0.25x | - | - |
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.
Cangzhou Mingzhu Plastic Co Ltd dividends
- Dividend yield
- 3.03%
- Forward dividend
- 0.05 CNY
- Payout ratio
- 144.1%
- Ex-dividend date
- Jun 25, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 221M | 0.13 | 144.1% |
| 2024 | CNY 208M | 0.13 | 134.6% |
| 2023 | CNY 189M | 0.11 | 69.4% |
| 2022 | CNY 70.9M | 0.05 | 25.2% |
| 2021 | CNY 142M | 0.10 | 38.7% |
| 2020 | CNY 70.9M | 0.05 | 23.6% |
| 2019 | CNY 142M | 0.10 | 85.4% |
| 2018 | CNY 246M | 0.17 | 82.7% |
| 2017 | CNY 125M | 0.09 | 22.9% |
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: 1.3:1 on May 18, 2018.
Who owns Cangzhou Mingzhu Plastic Co Ltd
- Insiders 26.49%
- Institutions 0.51%
- Public & others 73.00%
- Shares outstanding 1.82B
- Free float 1.24B
Cangzhou Mingzhu Plastic Co Ltd company profile
- Company name
- Cangzhou Mingzhu Plastic Co Ltd
- Ticker
- 002108.SHE
- ISIN
- CNE000001QC6
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jan 24, 2007
- Sector
- Industrials
- Industry
- Energy Equipment & Services
- Employees
- 2,361
- Fiscal year end
- December
- Address
- Mingzhu Building, Cangzhou, China, 061000
- Phone
- 86 31 7207 5225
- Website
- cz-mz.com
About Cangzhou Mingzhu Plastic Co Ltd
Cangzhou Mingzhu Plastic Co.,Ltd., together with its subsidiaries, manufactures and sells PE pipe systems, BOPA films, Li-ion battery separators, and composite pipes in China. The company offers PE gas and water supply pipelines, PE nuclear power/large diameter thick wall PE pipelines, PE fittings, and ground source heat pump heat exchange piping systems; dry uni-axial stretching, wet simultaneous biaxial stretching, and coated modified separators; and fiber-reinforced thermoplastic pipes for oil and gas transportation, intelligent cable-embedded coiled pipes, and connection of pipes for oil and gas transportation and intelligent cable-embedded continuous pipes. It also produces polyamide films, chips, and other plastic products; installation and technical services; microporous and filtration membranes; double-wall corrugated pipes and fittings for drainage and sewage; silicone pipes and fittings; plastic packaging containers and tools; and synthetic materials. In addition, the company engages in the import and export of goods; house and non-residential real estate leasing; cargo weighing; machinery and equipment rental; equity, asset, and investment management; and research and development of new materials and technologies. It serves gas operators, water companies, color printing and packaging companies, and lithium-ion battery manufacturers. Cangzhou Mingzhu Plastic Co.,Ltd. was founded in 1995 and is headquartered in Cangzhou, China.
Cangzhou Mingzhu Plastic Co Ltd management
8- Mr. Zengsheng YuGeneral Manager · born 1976
- Mr. Qingliang HuFinancial Director · born 1972
- Mr. Shao Hua YuDeputy General Manager · born 1972
- Mr. Dong LiDeputy General Manager · born 1974
- Mr. Shu Mao GaoDeputy General Manager · born 1971
- Mr. Zhao Liang SunDeputy General Manager · born 1975
- Mr. Fanlian LiDeputy GM & Board Secretary · born 1967
- Chao Fan LiHead of the Accounting Department