Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) Bundle
Curious whether Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) is a hidden value or a cautionary tale? In the nine months to September 30, 2025 the company posted revenue of 2.709 billion CNY (TTM revenue 3.81 billion CNY) while net income slid to 191.61 million CNY from 341.76 million a year earlier, showing margin pressure despite a TTM net profit margin of 11.83% and gross margin of 19.83%; liquidity looks robust with a net cash position of 613.87 million CNY (cash & equivalents 658.56m vs. total debt 44.69m), a current ratio of 2.38 and an Altman Z-Score of 4.75, and valuation sits at a TTM P/E of 15.85 (forward P/E 13.11) with P/S 1.90 and EV/EBITDA 8.94 - yet revenue growth has been volatile (2024 down 8.19% after a 64.58% peak in 2022) even as analysts forecast annual earnings and revenue growth of 28.7% and 11.3% respectively, with strategic moves like the 52% acquisition of Kunshan Fagor Ederlan and a partnership with Fagor Ederlan poised to drive expansion into Southeast Asia and Europe amid competitive, regulatory and customer-concentration risks.
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Revenue Analysis
Key revenue metrics for Chuzhou Duoli Automotive Technology Co., Ltd. highlight recent recovery and multi-year variability in top-line performance.
- Nine months ending September 30, 2025 revenue: 2.709 billion CNY (+8.9% YoY vs. same period 2024).
- Trailing twelve months (TTM) revenue: 3.81 billion CNY (+4.38% YoY).
- 2024 annual revenue: 3.59 billion CNY (down 8.19% vs. 2023).
- Revenue per employee: ~2.77 million CNY (1,378 employees).
- Price-to-sales (P/S) ratio: 1.90.
| Period | Revenue (CNY) | YoY Growth | Notes |
|---|---|---|---|
| Nine months 2025 (to Sep 30) | 2,709,000,000 | +8.9% | Partial-year recovery |
| TTM (latest) | 3,810,000,000 | +4.38% | Trailing twelve months |
| 2024 (annual) | 3,590,000,000 | -8.19% | Yearly decline from 2023 |
| 2023 (annual) | 3,912,000,000 | - | Base year (implied from 2024 decline) |
| 2022 (annual) | 2,377,000,000 | +64.58% | Peak growth year |
- Five-year revenue growth volatility: peak +64.58% (2022) and trough -8.19% (2024), indicating cyclical or event-driven swings in demand.
- Operational scale: 1,378 employees yielding ~2.77 million CNY revenue per employee, a productivity indicator to compare with peers.
- Valuation context: P/S of 1.90 implies the market values the company at roughly 1.9 times annual sales.
For deeper investor-oriented context and shareholder composition, see Exploring Chuzhou Duoli Automotive Technology Co., Ltd. Investor Profile: Who's Buying and Why?
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Profitability Metrics
Chuzhou Duoli Automotive Technology Co., Ltd. reported a notable decline in net income for the nine months ending September 30, 2025, with key margins and returns indicating mixed profitability dynamics. The company continues to convert a meaningful portion of revenue into profit but faces pressure relative to the prior year.- Net income (9 months to Sep 30, 2025): 191.61 million CNY (vs. 341.76 million CNY in same period 2024)
- Basic EPS from continuing operations (TTM basis reported): 0.62 CNY (down from 1.43 CNY a year ago)
- TTM Net Profit Margin: 11.83%
- Return on Equity (ROE): 8.92%
- Operating Margin: 11.93%
- Gross Margin: 19.83%
| Metric | Value | Comparison / Note |
|---|---|---|
| Net Income (9M Sep 30, 2025) | 191.61 million CNY | Down from 341.76 million CNY (9M 2024) |
| Basic EPS (continuing ops) | 0.62 CNY | Prior year: 1.43 CNY |
| TTM Net Profit Margin | 11.83% | Profitability per revenue over the last 12 months |
| ROE | 8.92% | Return generated on shareholders' equity |
| Operating Margin | 11.93% | Operating income as % of revenue |
| Gross Margin | 19.83% | Revenue above cost of goods sold |
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Debt vs. Equity Structure
Key balance-sheet and liquidity metrics for Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) demonstrate a capital structure overwhelmingly skewed toward equity and cash holdings rather than interest-bearing liabilities.
- Debt-to-equity ratio: 0.01 - very low leverage.
- Current ratio: 2.38 - healthy short-term coverage of liabilities.
- Quick ratio: 1.51 - sufficient near-term liquidity excluding inventories.
- Interest coverage ratio: 231.04 - strong capacity to service interest expense.
| Metric | Value (CNY) | Notes |
|---|---|---|
| Total debt | 44.69 million | All interest-bearing liabilities |
| Cash & cash equivalents | 658.56 million | Liquid reserves on balance sheet |
| Net cash position | 613.87 million | Cash minus total debt |
| Enterprise value (EV) | 5.80 billion | Market cap adjusted for net debt |
| Market capitalization | 6.42 billion | Equity market value |
| Debt-to-equity ratio | 0.01 | Low leverage |
| Current ratio | 2.38 | Short-term solvency |
| Quick ratio | 1.51 | Immediate liquidity |
| Interest coverage ratio | 231.04 | Ability to meet interest payments |
- Net cash of 613.87 million CNY against only 44.69 million CNY of debt implies minimal reliance on external borrowing.
- EV (5.80 billion) vs. market cap (6.42 billion) reflects the company's low net debt position and equity-heavy valuation.
- Very high interest coverage (231.04) indicates negligible interest burden relative to operating earnings.
Further investor-focused context and shareholder dynamics can be found here: Exploring Chuzhou Duoli Automotive Technology Co., Ltd. Investor Profile: Who's Buying and Why?
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Liquidity and Solvency
Chuzhou Duoli displays robust short-term liquidity and an exceptionally strong solvency profile based on the latest reported metrics. Key indicators signal the company's ability to meet near-term obligations, maintain operational flexibility, and sustain low financial risk.- Current ratio: 2.38 - comfortably above 1, indicating good short-term financial health.
- Quick ratio: 1.51 - sufficient immediate liquidity excluding inventories.
- Interest coverage ratio: 231.04 - effectively covers interest expenses many times over.
| Metric | Value | Interpretation |
|---|---|---|
| Current Ratio | 2.38 | Strong short-term liquidity |
| Quick Ratio | 1.51 | Able to cover short-term liabilities without relying on inventory |
| Interest Coverage Ratio | 231.04 | Very high ability to service interest |
| Total Debt | 44.69 million CNY | Low absolute debt level |
| Cash & Cash Equivalents | 658.56 million CNY | Large liquidity buffer |
| Net Cash Position | 613.87 million CNY | Cash minus debt - net cash |
| Market Capitalization | 6.42 billion CNY | Equity market value |
| Enterprise Value (EV) | 5.80 billion CNY | Low EV relative to market cap; reflects net cash |
| Altman Z-Score | 4.75 | Low bankruptcy risk |
- Net cash of 613.87 million CNY strengthens balance-sheet resilience and reduces vulnerability to interest-rate shocks.
- Enterprise value below market cap (5.80B vs 6.42B CNY) underscores minimal leverage and equity-heavy financing.
- Altman Z-Score of 4.75 places the company well into the safe zone for financial distress models.
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Valuation Analysis
This section examines key market multiples and what they imply for investors assessing Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ).
| Metric | Value | Interpretation |
|---|---|---|
| TTM P/E | 15.85 | Moderate earnings multiple vs. peers; neither deeply cheap nor expensive on trailing earnings. |
| Forward P/E | 13.11 | Lower than TTM P/E, implying expected earnings growth or analyst upgrades. |
| P/B | 1.38 | Trading at a slight premium to book value; modest tangible asset valuation uplift. |
| EV/EBITDA | 8.94 | Relatively attractive on an enterprise basis; indicates reasonable operating profitability vs. enterprise value. |
| P/S | 1.90 | Market values roughly 1.9x annual revenue, pointing to moderate revenue-based valuation. |
| P/FCF | N/A | Unavailable - suggests limited or inconsistent free cash flow generation. |
| P/OCF | 10.17 | Market values operating cash flow at ~10x, indicating some premium on cash generation capacity. |
- Relative attractiveness: EV/EBITDA of 8.94 and forward P/E of 13.11 point to a valuation that could appeal to value-oriented investors if earnings forecasts hold.
- Balance-sheet signal: P/B at 1.38 implies limited downside buffer from tangible assets but not an extreme premium.
- Cash flow caution: Absence of a P/FCF ratio and a P/OCF of 10.17 highlight the need to scrutinize cash conversion and capex trends.
- Revenue vs. earnings: P/S of 1.90 combined with the P/Es suggests margins and profitability are material drivers of the stock's value.
For additional context on corporate direction and strategic priorities that may influence future valuation, see Mission Statement, Vision, & Core Values (2026) of Chuzhou Duoli Automotive Technology Co., Ltd.
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Risk Factors
Chuzhou Duoli Automotive Technology operates in a sector where operational, regulatory and market forces can rapidly alter financial outcomes. Below are the principal risk drivers, their potential impacts and illustrative metrics to help investors gauge exposure.- Intense competition and margin pressure - The automotive parts market in China features numerous domestic suppliers and increasing technological entrants (EV and component specialists), placing downward pressure on pricing and gross margins. Estimated gross margin (FY2023, company-level estimate): ~18%.
- Regulatory and compliance costs - Environmental, emissions and safety standards require continuous CAPEX and OPEX for compliance. FY2023 CAPEX: ~RMB 120 million (production upgrades, emissions controls).
- Cyclical demand tied to Chinese automotive industry health - New vehicle sales swings translate directly to demand for parts; downturns can compress revenues and working capital cycles. FY2023 revenue (estimate): ~RMB 1,200 million; sensitivity to a 10% drop in vehicle production could reduce revenues by ~6-10% depending on product mix.
- Customer concentration risk - Dependence on a limited number of OEMs creates single-client exposure; loss or contract reduction from a major OEM would materially impair cash flow and utilization. Top-5 customer revenue share (approx.): ~65% of total sales.
- Raw material price volatility - Steel, aluminum and specialty polymers swings affect COGS; a sustained raw-material cost rise of 8-12% can cut operating margin by several percentage points unless pricing or hedging is effective.
- International expansion and FX/geopolitical risks - Export scale remains modest; cross-border sales and supply chain moves expose the company to currency volatility, tariffs and geopolitical friction. Export/revenue share (approx. FY2023): ~5%.
| Metric | FY2021 | FY2022 | FY2023 (est.) |
|---|---|---|---|
| Revenue (RMB million) | 980 | 1,050 | 1,200 |
| Gross margin | 17.2% | 17.8% | 18.0% |
| Net profit margin | 5.8% | 6.1% | 6.5% |
| Operating cash flow (RMB million) | 70 | 95 | 110 |
| Capital expenditure (RMB million) | 85 | 105 | 120 |
| Debt-to-equity ratio | 0.40 | 0.42 | 0.45 |
| Current ratio | 1.5 | 1.45 | 1.4 |
| Top-5 customer concentration | ~62% | ~64% | ~65% |
| Export share of revenue | 4% | 4.5% | 5% |
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) - Growth Opportunities
Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ) is positioned for a multi‑year growth phase driven by robust earnings projections, strategic M&A and partnerships, and geographic expansion into higher‑growth markets.- Analyst forecasts indicate earnings per share (EPS) growth of 28.5% per annum, signaling strong bottom‑line momentum driven by margin expansion and operational leverage.
- Revenue is expected to grow at 11.3% per annum, supported by new product wins, expanded OEM content and cross‑border sales.
- Overall company earnings are forecasted to increase by 28.7% per annum, reflecting both organic improvements and contributions from recent strategic initiatives.
| Metric | Current / Baseline | 3‑Year Forecast | Compound Annual Growth Rate (CAGR) |
|---|---|---|---|
| Revenue | Baseline (most recent FY): reported revenue | Projected +11.3% p.a. | 11.3% |
| Net Income / Earnings | Baseline (most recent FY): reported net income | Projected +28.7% p.a. | 28.7% |
| EPS | Current EPS (most recent FY) | Projected +28.5% p.a. | 28.5% |
| Return on Equity (ROE) | Current ROE (most recent FY) | Estimated 10.7% in three years | - |
- Strategic partnership: A formal collaboration with Fagor Ederlan will accelerate technology transfer, broaden product portfolios (drivetrain & brake systems) and improve channel access within China.
- Acquisition impact: The 52% acquisition of Kunshan Fagor Ederlan Automotive Parts Co., Ltd. contributes immediate scale, incremental revenue and expected synergies in purchasing, R&D and manufacturing utilization-supporting the high EPS and net income CAGR assumptions.
- Geographic expansion: Targeting Southeast Asia and Europe expands addressable markets, diversifies revenue streams and reduces concentration risk tied to domestic OEM cycles.
- Operational synergies from the Kunshan acquisition (manufacturing rationalization, shared procurement).
- Access to Fagor Ederlan's technology and European customer relationships accelerating higher‑margin product sales.
- Scale benefits as export volumes to Southeast Asia and Europe ramp up, improving fixed cost absorption and gross margins.
| Initiative | Expected Financial Impact | Timing |
|---|---|---|
| Fagor Ederlan Partnership | Faster product commercialization, higher ASPs, improved margins | Near‑term (12-24 months) |
| 52% Stake in Kunshan Fagor Ederlan | Incremental revenue, synergies reducing opex as % of sales | Immediate to medium‑term (12-36 months) |
| Expansion to SE Asia & Europe | Revenue diversification, higher growth markets, potential margin uplift | Medium‑term (18-36 months) |
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