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Zhejiang Shibao
002703.SZ
Zhejiang Shibao Company Limited, together with its subsidiaries, researches, designs, develops, manufactures, and sells automotive steering systems and accessories in the People’s Republic of China. The company offers electric power steering products, including electric power manual recirculating ball steering gear, electro-hydraulic power recirculating ball steering gear, double-pinion-assisted electric power steering, rack-assisted electric power steering, and column-assisted electric power steering; and intelligent steering products, such as steer-by-wire steering, lane keeping aid, rear wheel steering, fully redundant electric-hydraulic and dual motor redundant electric power recirculating ball steering gear. It also provides hydraulic power steering gear products comprising dual circuit hydraulic power recirculating ball steering gear, hydraulic power recirculating ball steering gear, and hydraulic power rack and pinion steering gear; manual steering gear products, including manual recirculating ball steering gear, and manual rack and pinion steering gear; and steering parts, such as electric four-way adjustable steering column, intermediate shaft for passenger cars and commercial vehicles, four-way adjustable steering column for commercial vehicles, steering knuckle and cylinder, pitman arm, hub bracket, manual four-way adjustable steering column for passenger cars, and ECU, as well as casting products. The company supplies steering products to automobile groups.
2.313 T
002703.SZMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
B
Automotive Parts and EquipmentIndustry
Industry Ranking38/195
Industry medianC
Industry averageB
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreC
    • ROE9.46%B
    • Profit Margin5.60%C
    • Gross Margin18.56%D
  • Growth ScoreA
    • Revenue YoY35.65%A
    • Net Profit YoY25.84%B
    • Total Assets YoY23.48%A
    • Net Assets YoY8.30%B
  • Cash ScoreA
    • Cash Flow Margin1786.63%B
    • OCF YoY35.65%A
  • Operating ScoreA
    • Turnover1A
  • Debt ScoreC
    • Gearing Ratio43.71%C

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    News
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    Zhejiang Shibao Completes Share Reduction Plan

    Zhejiang Shibao Co. Ltd. has completed a share reduction plan by its controlling shareholder, Zhejiang Shibao Holding Group Co., Ltd., reducing its stake by 16,452,647 A shares (2% of total share capital) through block trading. This move, finalized between September and November 2025, leaves Shibao Holding with a 32.90% ownership, potentially affecting the company's market dynamics and shareholder structure. Zhejiang Shibao operates in the automotive industry, focusing on steering systems and related components.

    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%
    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%

    Zhejiang Shibao Strengthens Audit Committee Governance

    Zhejiang Shibao Co. Ltd. has announced the establishment of its audit committee, consisting of at least three independent non-executive directors. The committee will oversee financial reporting, risk management, and internal controls, ensuring effective governance and independence in audit processes. This move underscores the company's commitment to robust governance practices, enhancing stakeholder confidence. The company's Class H stock has shown a year-to-date price performance of 62.81% and a market cap of HK$10.22B.

    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%
    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%

    Zhejiang Shibao Co. Ltd. Strengthens Governance with New Nomination Committee Procedures

    Zhejiang Shibao Co. Ltd. has announced new procedures for its Nomination Committee, focusing on board diversity and the selection of qualified directors. The committee will review the board's structure, assess director independence, and ensure alignment with corporate strategy. This initiative aims to strengthen governance and enhance the company's strategic positioning in the automotive industry, where it specializes in steering systems and components. The company has seen a year-to-date price performance of 62.81% and has a market cap of HK$10.22B.

    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%
    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%

    Zhejiang Shibao Company Limited Appoints Li Xing Jian as an Independent Non- Executive Director, Effective 7 November 2025

    Zhejiang Shibao Company Limited has appointed Mr. Li Xing Jian as an Independent Non-Executive Director, effective 7 November 2025. This decision was approved by shareholders at the EGM held on the same date. Mr. Li, aged 62, has a background in agricultural economics and management, with previous roles in academia and as an independent director at other companies. His term will conclude at the 2026 annual general meeting of the Company.

    marketscreener·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%
    marketscreener·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%

    Zhejiang Shibao Co. Ltd. Announces Successful EGM Outcomes

    Zhejiang Shibao Co. Ltd. held an Extraordinary General Meeting on November 7, 2025, where all proposed resolutions were approved. Key outcomes included amendments to the Articles of Association and Management Rules of Proceeds, along with the appointment of Mr. Li Xing Jian as an independent non-executive director. These changes aim to improve governance and operational efficiency, potentially influencing the company's strategic direction and stakeholder engagement.

    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%
    Tip Ranks·
    SZ
    002703
    +2.25%
    HK
    01057
    +2.26%
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