002543.SHE Guangdong Vanward New Electric Co Ltd
- Market cap
- CNY 4.99B
- P/E
- -
- P/B
- 1.03x
- ROE
- 0.7%
- Dividend yield
- 4.24%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002543.SHE undervalued?
Graham numberThe Graham number of Guangdong Vanward New Electric Co Ltd cannot be estimated reliably (it needs positive earnings and book value).
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?
Guangdong Vanward New Electric Co Ltd fundamental analysis
No fundamental analysis for Guangdong Vanward New Electric Co Ltd yet.
Guangdong Vanward New Electric Co Ltd stock price
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About Guangdong Vanward New Electric Co Ltd
Guangdong Vanward New Electric Co., Ltd., together with its subsidiaries, manufactures and sells household appliances in China and internationally. It offers gas-fired instant, air source, and electric water heaters, as well as gas-fired water boilers, hobs, ovens, grills, and electric fireplace products. The company also engages in the provision of customer support services; asset management; and trading. It exports its products. The company was founded in 1993 and is headq…
Full company profileGuangdong Vanward New Electric 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.
Guangdong Vanward New Electric 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 | 4.96B | 6.53B | 6.91B | 6.22B | 6.27B | 7.53B | 6.63B | 6.10B | 7.34B | 7.23B | 6.65B |
| Gross Profit | 1.65B | 1.81B | 2.02B | 2.05B | 1.74B | 1.74B | 1.78B | 1.71B | 2.04B | 1.84B | 1.30B |
| Operating Income | 495M | 493M | 595M | 708M | 733M | 425M | 623M | 651M | 769M | 373M | 15.0M |
| EBITDA | 541M | 617M | 697M | 720M | 662M | 620M | 752M | 820M | 867M | 441M | 76.0M |
| Net Income | 431M | 413M | 489M | 598M | 611M | 358M | 550M | 568M | 658M | 216M | 34.5M |
| EPS | 0.58 | 0.55 | 0.66 | 0.80 | 0.82 | 0.48 | 0.74 | 0.76 | 0.88 | 0.29 | 0.05 |
| Balance Sheet | |||||||||||
| Total Assets | 5.09B | 6.51B | 6.80B | 6.96B | 7.80B | 8.13B | 6.89B | 8.40B | 8.78B | 8.11B | 7.82B |
| Total Liabilities | 2.17B | 3.33B | 3.35B | 3.05B | 3.73B | 4.12B | 2.57B | 3.79B | 4.03B | 3.31B | 3.18B |
| Shareholders' Equity | 2.92B | 3.02B | 3.28B | 3.73B | 4.06B | 4.01B | 4.32B | 4.54B | 4.75B | 4.80B | 4.64B |
| Cash & Short-term Investments | 1.21B | 586M | 944M | 887M | 1.16B | 1.83B | 1.62B | 3.19B | 2.39B | 1.43B | 1.39B |
| Total Debt | 28.6M | 209M | 885M | 550M | 362M | 901M | 271M | 672M | 398M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 884M | 873M | 102M | 815M | 1.21B | 410M | 815M | 1.30B | 618M | 286M | - |
| Capital Expenditure | 403M | 367M | 203M | 150M | 76.6M | 96.6M | 119M | 315M | 444M | 378M | 427M |
| Free Cash Flow | 481M | 506M | -101M | 665M | 1.13B | 314M | 696M | 981M | 174M | -91.8M | 69.6M |
| Ratios | |||||||||||
| ROE | 14.7% | 13.7% | 14.9% | 16.0% | 15.0% | 8.9% | 12.7% | 12.5% | 13.8% | 4.5% | 0.7% |
| ROA | 8.5% | 6.4% | 7.2% | 8.6% | 7.8% | 4.4% | 8.0% | 6.8% | 7.5% | 2.7% | 0.4% |
| Net Profit Margin | 8.7% | 6.3% | 7.1% | 9.6% | 9.8% | 4.8% | 8.3% | 9.3% | 9.0% | 3.0% | 0.5% |
| Debt to Equity | 0.01x | 0.07x | 0.27x | 0.15x | 0.09x | 0.22x | 0.06x | 0.15x | 0.08x | - | - |
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.
Guangdong Vanward New Electric Co Ltd dividends
- Dividend yield
- 4.24%
- Forward dividend
- 0.24 CNY
- Payout ratio
- 98.2%
- Ex-dividend date
- Jun 12, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 212M | 0.28 | 98.2% |
| 2024 | CNY 477M | 0.64 | 72.5% |
| 2023 | CNY 303M | 0.41 | 53.3% |
| 2022 | CNY 245M | 0.33 | 44.6% |
| 2021 | CNY 245M | 0.33 | 68.5% |
| 2020 | CNY 245M | 0.33 | 40.1% |
| 2019 | CNY 246M | 0.33 | 41.1% |
| 2018 | CNY 220M | 0.30 | 45.0% |
| 2017 | CNY 321M | 0.43 | 77.7% |
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: 1.3:1 on Jul 5, 2019.
Who owns Guangdong Vanward New Electric Co Ltd
- Insiders 73.99%
- Institutions 0.62%
- Public & others 25.39%
- Shares outstanding 744M
- Free float 295M
Guangdong Vanward New Electric Co Ltd company profile
- Company name
- Guangdong Vanward New Electric Co Ltd
- Ticker
- 002543.SHE
- ISIN
- CNE100000ZT2
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jan 28, 2011
- Sector
- Consumer Cyclical
- Industry
- Household Durables
- Employees
- 5,782
- Fiscal year end
- December
- Address
- No. 13, Jianye Middle Road, Foshan, China, 528305
- Phone
- 86 757 2899 9663
- Website
- vanward.com
About Guangdong Vanward New Electric Co Ltd
Guangdong Vanward New Electric Co., Ltd., together with its subsidiaries, manufactures and sells household appliances in China and internationally. It offers gas-fired instant, air source, and electric water heaters, as well as gas-fired water boilers, hobs, ovens, grills, and electric fireplace products. The company also engages in the provision of customer support services; asset management; and trading. It exports its products. The company was founded in 1993 and is headquartered in Foshan, China.
Guangdong Vanward New Electric Co Ltd management
3- Mr. Yu Hua XieCFO & Accounting Supervisor · born 1972
- Mr. Songwen YangVP, Director of Mktg Management Center and GM - Overseas Business Division · born 1976
- Mr. Yufan LuVice President and Board Secretary · born 1986