Breaking Down Shanghai Taisheng Wind Power Equipment Co., Ltd. Financial Health: Key Insights for Investors

Shanghai Taisheng Wind Power Equipment Co., Ltd. presents a compelling financial snapshot for investors: fiscal 2024 revenue reached CN¥4.98 billion (up 21% year-over-year) with TTM revenue per share of CN¥5.32, a TTM gross profit margin of 12.5% and operating margin of 7.88%, while net income attributable to common shareholders was CN¥172.41 million (diluted EPS CN¥0.17) alongside a TTM profit margin of 3.46%, ROA 1.58% and ROE 3.92%; the balance sheet shows a moderate total debt-to-equity of 24.57, current ratio 1.72, book value per share CN¥4.79, total cash CN¥878.95 million and operating cash flow TTM of CN¥344.72 million with levered free cash flow of CN¥445.00 million, and market valuation metrics include market cap CN¥6.65 billion (as of July 1, 2025), trailing P/E 41.82, forward P/E 9.36, P/S 1.34, P/B 1.49, EV/Revenue 1.40 and EV/EBITDA 19.70; risk and growth vectors to weigh include very low direct US exposure, operations across >40 countries, participation in the UN Global Compact, over ten domestic steel-tower production bases and planned zero‑carbon wind farm projects slated to begin construction in 2026 across Xinjiang, Guangxi, Heilongjiang, Inner Mongolia and Shaanxi-dive into the full breakdown for the detailed analysis investors need.

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Revenue Analysis

• Total revenue (FY 2024): CN¥4.98 billion - +21% year-over-year.
• Quarterly revenue growth (YoY): 21% - consistent quarterly acceleration in sales.
• Revenue per share (TTM): CN¥5.32 - solid per-share revenue generation.

• Volume and order intake expansion supported the 21% revenue increase.
• Gross margin at 12.5% suggests moderate pricing power amid cost pressures.
• Operating margin of 7.88% implies scalable SG&A and manufacturing leverage.
• Net income of CN¥172.41 million and diluted EPS CN¥0.17 show positive, if modest, bottom-line conversion from revenue growth.

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Profitability Metrics

• Profit margin (TTM): 3.46% - percentage of revenue converted into net income.
• Return on assets (ROA, TTM): 1.58% - profit generated from total assets.
• Return on equity (ROE, TTM): 3.92% - return delivered on shareholders' equity.
• Operating margin (TTM): 7.88% - operating income as a share of revenue, indicating control over operating costs.
• Gross profit margin (TTM): 12.5% - efficiency in managing production and direct costs.
• Net income attributable to common shareholders (TTM): CN¥172.41 million; diluted EPS (TTM): CN¥0.17.

• Contextual notes for investors:
  • Margins indicate the business is profitable but faces pressure - gross margin 12.5% vs operating margin 7.88% shows operating expenses consume a meaningful share of gross profit.
  • ROA and ROE are modest, consistent with capital-intensive manufacturing and potential leverage levels.
  • Net income of CN¥172.41 million and EPS CN¥0.17 provide concrete earnings benchmarks for valuation and trend analysis.
• For background on the company's strategy, history and ownership structure see: Shanghai Taisheng Wind Power Equipment Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Debt vs. Equity Structure

Key leverage and liquidity metrics for Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) highlight a conservative capital structure with moderate valuation multiples as of the most recent quarter and market data through July 1, 2025. These figures help investors assess solvency, short-term coverage and valuation sensitivity.

• Total Debt to Equity Ratio: 24.57 - debt represents roughly one-quarter of shareholders' equity, indicating limited reliance on external financing relative to equity.
• Current Ratio: 1.72 - short-term assets are 1.72× short-term liabilities, signaling comfortable near-term liquidity.
• Book Value per Share: CN¥4.79 - net asset value attributable per share.
• Enterprise Value / Revenue: 1.40 - market enterprise value is 1.4 times annual revenue, implying moderate revenue-based valuation.
• Enterprise Value / EBITDA: 19.70 - valuation near 20× EBITDA, indicating premium relative to operating cash earnings.
• Market Capitalization: CN¥6.65 billion (as of July 1, 2025) - total equity market value.

• Implication for creditors: modest leverage (24.57) reduces solvency risk, but EV/EBITDA of 19.70 suggests market expectations for continued earnings performance.
• Implication for equity investors: book value per share CN¥4.79 offers a tangible baseline; current ratio 1.72 supports operational stability.
• Valuation context: EV/Revenue 1.40 and market cap CN¥6.65B provide quick anchors for peer comparisons and M&A sensitivity analysis.

Further background and contextual company information can be found here: Shanghai Taisheng Wind Power Equipment Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Liquidity and Solvency

• Current ratio (most recent quarter): 1.72 - indicates the company has CN¥1.72 in short-term assets for every CN¥1.00 of short-term liabilities.
• Total cash (most recent quarter): CN¥878.95 million - provides immediate liquidity for operations and near-term obligations.
• Operating cash flow (TTM): CN¥344.72 million - cash generated from core business activities over the trailing 12 months.
• Levered free cash flow (TTM): CN¥445.00 million - cash available after interest and mandatory financing payments.
• Total debt to equity ratio: 24.57 - moderate debt relative to equity, suggesting conservative leverage.
• Enterprise value / EBITDA: 19.70 - valuation multiple reflecting market value relative to operating earnings before non-cash charges.

• The 1.72 current ratio points to comfortable short-term liquidity but warrants monitoring of receivables and inventory turnover to preserve cash conversion.
• CN¥878.95 million in cash creates a buffer for cyclical working capital needs and potential near-term investments or R&D outlays.
• Positive operating cash flow of CN¥344.72 million TTM confirms cash generation from core operations, supporting reinvestment without immediate reliance on external financing.
• Levered free cash flow of CN¥445.00 million TTM suggests financial flexibility after servicing debt and other mandatory cash obligations.
• A total debt to equity ratio of 24.57 indicates the company uses debt conservatively; interest burden is likely manageable but should be tracked against interest coverage metrics.
• An EV/EBITDA of 19.70 positions valuation toward the higher end for industrial equipment manufacturers - signaling market expectations for growth or margins that should be validated against industry peers.

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Valuation Analysis

• Trailing P/E (TTM): 41.82 - implies the market has historically paid a premium for recent reported earnings.
• Forward P/E: 9.36 - indicates materially lower multiples based on expected next-year earnings, signaling either anticipated earnings growth or one-off past earnings distortions.
• Price-to-Sales (P/S, TTM): CN¥1.34 - shows modest market valuation relative to revenue, useful for comparing capital-light peers.
• Price-to-Book (P/B, most recent quarter): CN¥1.49 - the market values the company modestly above its book equity.
• Enterprise Value / Revenue: 1.40 - reflects total firm valuation relative to top-line; useful versus peers in heavy-equipment manufacturing.
• Enterprise Value / EBITDA: 19.70 - a relatively elevated multiple on operating cash profits, highlighting either expected margin expansion or premium pricing.

• Interpretation notes for investors: a high trailing P/E vs. low forward P/E can indicate expected earnings acceleration or prior-year weakness; EV/EBITDA near 20 suggests the market demands strong future cash generation to justify current enterprise valuation.
• Relative-value checks: compare these ratios to domestic wind-equipment peers and broader industrials to assess premium vs. sector averages.

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Risk Factors

Key risk exposures and mitigants for Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) are summarized below, with quantified assessments where applicable to help investors gauge relative materiality.

• No direct product exports to the U.S. in the past decade-U.S. tariff policy exposure is negligible (estimated <1% of consolidated revenue attributable to the U.S. market).
• Operations in 40+ countries and regions-geographic diversification reduces single-market concentration risk; top-3-country revenue concentration estimated at ~30-40% (company disclosure range).
• Active expansion into zero-carbon businesses (wind-farm development & operation) with pipeline projects in Xinjiang, Guangxi, Heilongjiang, Inner Mongolia, and Shaanxi; construction expected to start in 2026-transition risk partly mitigated by forward integration.
• More than ten steel tower production bases across China-improves logistics, cost control and market responsiveness; vertical integration reduces raw-material price transmission to margins.
• Participant in the UN Global Compact-signals ESG commitment and may reduce regulatory and reputational risk over time.
• Listed on Shenzhen Growth Enterprise Market since 2010-longer listing tenure supports investor familiarity but does not eliminate market volatility risks common to growth stocks.

• Credit & liquidity risk: leverage metrics (net-debt/EBITDA) and cash coverage should be tracked quarter-to-quarter. Investors often watch working-capital cycles in tower manufacturing where receivables and inventory can be cyclical.
• Execution risk on international projects: cross-border logistics, local permitting, and FX exposures can create schedule slippage and margin erosion; foreign-currency sensitivity should be modeled for material overseas contracts.
• Technology & competition: the company's product diversification helps, but rapid turbine platform advances and price competition from larger OEMs remain a persistent industry risk.

For a fuller investor-oriented profile and ownership trends, see: Exploring Shanghai Taisheng Wind Power Equipment Co., Ltd. Investor Profile: Who's Buying and Why?

Shanghai Taisheng Wind Power Equipment Co., Ltd. (300129.SZ) - Growth Opportunities

• Strategic pivot to zero‑carbon businesses: the company is actively developing wind farm projects across Xinjiang, Guangxi, Heilongjiang, Inner Mongolia and Shaanxi, with construction expected to begin in 2026.
• Broad manufacturing footprint: Shanghai Taisheng has established more than ten steel tower production bases across China, improving regional responsiveness and lowering logistics and lead‑time risks.
• Sustainability credentials: the company is a participant in the UN Global Compact, signaling alignment with international ESG principles that can aid access to green financing and ESG‑focused investors.
• Public market track record: listed on the Shenzhen Stock Exchange Growth Enterprise Market since 2010, providing a long operating history in China's public markets.

• Value drivers for investors:
  • Vertical integration across steel tower production and EPC/operations can protect margins in a volatile supply chain.
  • Regional production bases reduce transportation costs and improve bid competitiveness for onshore wind projects.
  • Sustainability alignment (UN Global Compact) supports access to green loans, carbon financing and institutional ESG mandates.
  • Early‑stage developer footprint (projects starting 2026) offers multi‑year revenue visibility if permitting and PPA arrangements are secured.