002346.SHE Shanghai Zhezhong Construction Co Ltd
- Market cap
- CNY 6.10B
- P/E
- 15.3x
- P/B
- 1.95x
- ROE
- 13.3%
- Dividend yield
- 3.60%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002346.SHE undervalued?
Graham number002346.SHE trades 15.4% 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?
Shanghai Zhezhong Construction Co Ltd fundamental analysis
No fundamental analysis for Shanghai Zhezhong Construction Co Ltd yet.
Shanghai Zhezhong Construction Co Ltd stock price
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About Shanghai Zhezhong Construction Co Ltd
Shanghai Zhezhong Group Co.,Ltd manufactures and sells sets of switchgears in China. It provides Power transmission and distribution equipment; and involved in the investment management and gas- fired power generation activities. It serves power grids, industrial manufacturing, civil buildings, rail transit, airport hubs, and other sectors. The company was formerly known as Shanghai Zhezhong Construction Co., Ltd. and changed its name to Shanghai Zhezhong Group Co., Ltd. in …
Full company profileShanghai Zhezhong Construction 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.
Shanghai Zhezhong Construction 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 | 422M | 453M | 559M | 452M | 604M | 689M | 726M | 1.12B | 970M | 848M | 1.05B |
| Gross Profit | 96.6M | 116M | 129M | 99.5M | 145M | 147M | 162M | 220M | 239M | 219M | 256M |
| Operating Income | 39.3M | 333M | 60.3M | 140M | 181M | 496M | 582M | 353M | 92.3M | 145M | 146M |
| EBITDA | 80.4M | 358M | 78.2M | 164M | 224M | 561M | 671M | 397M | 118M | 606M | 146M |
| Net Income | 20.2M | 259M | 58.3M | 94.7M | 161M | 448M | 451M | 297M | 73.1M | 425M | 404M |
| EPS | 0.05 | 0.59 | 0.13 | 0.21 | 0.36 | 1.02 | 1.03 | 0.68 | 0.17 | 0.96 | 0.92 |
| Balance Sheet | |||||||||||
| Total Assets | 1.93B | 2.46B | 2.53B | 2.92B | 2.70B | 4.98B | 4.08B | 4.39B | 3.97B | 4.14B | 4.87B |
| Total Liabilities | 283M | 337M | 487M | 888M | 617M | 1.61B | 1.37B | 1.47B | 1.07B | 1.25B | 1.83B |
| Shareholders' Equity | 1.65B | 2.12B | 2.04B | 2.03B | 2.08B | 2.40B | 2.71B | 2.92B | 2.89B | 2.89B | 3.04B |
| Cash & Short-term Investments | 323M | 136M | 122M | 179M | 153M | 202M | 150M | 170M | 72.1M | 293M | 512M |
| Total Debt | 10.0M | - | - | 116M | 150M | 526M | 50.0M | 100M | 30.0M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -229M | 5.94M | 151M | 56.1M | 10.3M | 95.2M | 55.8M | -7.55M | 204M | 123M | - |
| Capital Expenditure | 2.31M | 17.9M | 29.0M | 33.1M | 7.74M | 859M | 187M | 23.8M | 17.9M | 9.08M | 2.90M |
| Free Cash Flow | -231M | -11.9M | 122M | 23.0M | 2.56M | -764M | -131M | -31.4M | 186M | 114M | -527M |
| Ratios | |||||||||||
| ROE | 1.2% | 12.2% | 2.9% | 4.7% | 7.7% | 18.6% | 16.6% | 10.2% | 2.5% | 14.7% | 13.3% |
| ROA | 1.0% | 10.5% | 2.3% | 3.2% | 6.0% | 9.0% | 11.0% | 6.8% | 1.8% | 10.3% | 8.3% |
| Net Profit Margin | 4.8% | 57.2% | 10.4% | 21.0% | 26.6% | 65.0% | 62.1% | 26.5% | 7.5% | 50.2% | 38.4% |
| Debt to Equity | 0.01x | - | - | 0.06x | 0.07x | 0.22x | 0.02x | 0.03x | 0.01x | - | - |
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.
Shanghai Zhezhong Construction Co Ltd dividends
- Dividend yield
- 3.60%
- Forward dividend
- 0.50 CNY
- Payout ratio
- 51.6%
- Ex-dividend date
- Jul 7, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 219M | 0.50 | 51.6% |
| 2024 | CNY 107M | 0.25 | 146.7% |
| 2023 | CNY 98.5M | 0.23 | 33.1% |
| 2022 | CNY 87.9M | 0.20 | 19.5% |
| 2021 | CNY 88.3M | 0.20 | 19.7% |
| 2020 | CNY 88.3M | 0.20 | 54.9% |
| 2019 | CNY 88.3M | 0.20 | 93.3% |
| 2018 | CNY 33.1M | 0.07 | 56.8% |
| 2017 | CNY 58.9M | 0.13 | 22.7% |
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 Mar 21, 2014.
Who owns Shanghai Zhezhong Construction Co Ltd
- Insiders 67.62%
- Institutions 1.30%
- Public & others 31.08%
- Shares outstanding 442M
- Free float 134M
Shanghai Zhezhong Construction Co Ltd company profile
- Company name
- Shanghai Zhezhong Construction Co Ltd
- Ticker
- 002346.SHE
- ISIN
- CNE100000KY4
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jan 28, 2010
- Sector
- Industrials
- Industry
- Electrical Equipment
- Employees
- 465
- Fiscal year end
- December
- Address
- No. 368, Canggong Road, Shanghai, China, 201424
- Phone
- 86 21 6710 0000
- Website
- zhezhong.com
About Shanghai Zhezhong Construction Co Ltd
Shanghai Zhezhong Group Co.,Ltd manufactures and sells sets of switchgears in China. It provides Power transmission and distribution equipment; and involved in the investment management and gas- fired power generation activities. It serves power grids, industrial manufacturing, civil buildings, rail transit, airport hubs, and other sectors. The company was formerly known as Shanghai Zhezhong Construction Co., Ltd. and changed its name to Shanghai Zhezhong Group Co., Ltd. in March 2015. Shanghai Zhezhong Group Co.,Ltd was founded in 2002 and is based in Shanghai, China.
Shanghai Zhezhong Construction Co Ltd management
4- Mr. Lu Feng JiangChairman & GM · born 1972
- Mr. Bo Hua ZhangDeputy GM & CFO · born 1976
- Mr. Lichuan LiDeputy GM & Board Secretary · born 1988
- Bing Hua QianAccounting Supervisor