Chongqing Zongshen Power Machinery Co.,Ltd

SZSE:001696 Stock Report

Market Cap: CN¥24.5b

Chongqing Zongshen Power MachineryLtd Balance Sheet Health

Financial Health criteria checks 5/6

Chongqing Zongshen Power MachineryLtd has a total shareholder equity of CN¥5.4B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are CN¥11.4B and CN¥6.1B respectively. Chongqing Zongshen Power MachineryLtd's EBIT is CN¥566.0M making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥2.0B.

Key information

43.3%

Debt to equity ratio

CN¥2.32b

Debt

Interest coverage ratio9.7x
CashCN¥1.99b
EquityCN¥5.35b
Total liabilitiesCN¥6.09b
Total assetsCN¥11.44b

Recent financial health updates

Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?

Jul 18
Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?

Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly

Mar 29
Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly

Recent updates

Subdued Growth No Barrier To Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Price

Dec 13
Subdued Growth No Barrier To Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Price

Returns On Capital At Chongqing Zongshen Power MachineryLtd (SZSE:001696) Paint A Concerning Picture

Oct 14
Returns On Capital At Chongqing Zongshen Power MachineryLtd (SZSE:001696) Paint A Concerning Picture

Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) 38% Jump Shows Its Popularity With Investors

Aug 01
Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) 38% Jump Shows Its Popularity With Investors

Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?

Jul 18
Is Chongqing Zongshen Power MachineryLtd (SZSE:001696) Using Too Much Debt?

Capital Allocation Trends At Chongqing Zongshen Power MachineryLtd (SZSE:001696) Aren't Ideal

Jun 26
Capital Allocation Trends At Chongqing Zongshen Power MachineryLtd (SZSE:001696) Aren't Ideal

What Is Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Share Price Doing?

May 21
What Is Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Share Price Doing?

There's Reason For Concern Over Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Massive 42% Price Jump

Apr 21
There's Reason For Concern Over Chongqing Zongshen Power Machinery Co.,Ltd's (SZSE:001696) Massive 42% Price Jump

Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly

Mar 29
Chongqing Zongshen Power MachineryLtd (SZSE:001696) Seems To Use Debt Quite Sensibly

Chongqing Zongshen Power Machinery Co.,Ltd (SZSE:001696) Surges 31% Yet Its Low P/E Is No Reason For Excitement

Mar 07
Chongqing Zongshen Power Machinery Co.,Ltd (SZSE:001696) Surges 31% Yet Its Low P/E Is No Reason For Excitement

Chongqing Zongshen Power MachineryLtd (SZSE:001696) Could Be Struggling To Allocate Capital

Mar 01
Chongqing Zongshen Power MachineryLtd (SZSE:001696) Could Be Struggling To Allocate Capital

Financial Position Analysis

Short Term Liabilities: 001696's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥3.4B).

Long Term Liabilities: 001696's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥2.7B).

Debt to Equity History and Analysis

Debt Level: 001696's net debt to equity ratio (6.1%) is considered satisfactory.

Reducing Debt: 001696's debt to equity ratio has increased from 37.1% to 43.3% over the past 5 years.

Debt Coverage: 001696's debt is well covered by operating cash flow (28.2%).

Interest Coverage: 001696's interest payments on its debt are well covered by EBIT (9.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 09:13
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Chongqing Zongshen Power Machinery Co.,Ltd is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
YINGBO XUCitic Securities Co., Ltd.
Liquan HuangFounder Securities Co., Ltd.
Weiqing liGF Securities Co. Ltd.