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002203.SZ

HOLDREMOVE

Zhejiang Hailiang Co., Ltd. · Basic Materials · China · $6.9B · Avg Vol: $227M/d

57
StockRank
Q
38
V
29
M
80
P/E (TTM)
50.3x
ROE
6.5%
D/E
1.3x
Dividend %
1.0%
Director Trades · 180d
None in 180d →
Buybacks · 180d
None in 180d →
AI CONVICTION THESIS

Zhejiang Hailiang is a major copper processor, but it operates as a low-margin fabricator rather than a primary miner. It does not benefit from the high-margin upside of the copper supercycle, as it is burdened by high working capital requirements and lacks pricing power.

COMPANY DESCRIPTION

Zhejiang Hailiang Co., Ltd. manufactures copper pipes, copper bars, and copper alloy fittings for HVAC, plumbing, and industrial applications. The company holds a dominant global market position as one of the world's largest producers of copper pipes and fittings, supported by scale efficiencies and global manufacturing bases. It is a market leader with high pricing power and advanced production automation.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGR
Revenue10.9B11.2B12.9B12.3B4.0%
EPS0.090.080.050.07-8.8%
Shares2.0B2.0B2.0B2.3B+15.6%
Debt2.0B2.7B3.3B3.3B18.1%
Equity1.9B2.1B2.1B2.5B9.8%
Op CF129M-115M-340M-248M—
Inv CF-341M-363M-162M-104M—
Fin CF191M849M354M232M—
Loading...
PRICE (1M)+15.4%
2.652.933.213.493.77May 8May 29Jun 18
SMA 50SMA 200
Close
$3.77
RSI (14)
66.6
52W High
$3.77
From 52W High
1.0%

SCORE BREAKDOWN

Quality
38
ROIC
7.0%63.8
ROE
6.5%61.1
GP/Assets
7.3%31.4
Op. Margin
2.9%44.4
FCF/Assets
-11.2%22.8
Piotroski
—26.7
Int. Cover
2.9x42.9
D/E Ratio
1.34x7.0
Current Ratio
1.43x30.1
Value
29
P/E (TTM)
50.3x21.1
EV/EBITDA
29.3x11.5
P/FCF
—N/A
P/B
3.2x31.3
P/S
0.7x74.8
Div Yield
1.0%34.1
Momentum
80
52W High %
100%99.6
RS 6M
107%94.0
SMA 50/200
1.34x89.1
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
+69%50.4
Q Growth
26%50.2

FUNDAMENTALS

Market Cap
$6.9B
P/E (Forward)
29.7x
Gross Margin
4.0%

SECTOR PEERS

Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of 002203.SZ are excluded.

TickerCompanyMkt CapStockRankSignal
002203.SZZhejiang Hailiang Co., Ltd.(you)$6.9B57HOLD
603124.SSJiangxi Jiangnan New Material Technology Co., Ltd.$3.0B53HOLD
301511.SZJiujiang Defu Technology Co., Limited$11.7B46HOLD
000878.SZYunnan Copper Co.,Ltd$6.4B32SELL
600362.SSJiangxi Copper Company Limited$22.3B62HOLD
601609.SSNingbo Jintian Copper (Group) Co., Ltd.$3.2B43HOLD
000630.SZTongling Nonferrous Metals Group Co.,Ltd.$13.7B76BUY
000737.SZNorth Copper Co., Ltd.$3.9B36HOLD
688102.SSShaanxi Sirui Advanced Materials Co., Ltd.$4.0B34SELL
1258.HKChina Nonferrous Mining Corporation Limited$6.7B91STRONG BUY

Peer medians: ROE 6.1% · P/E 33.1x · Gross margin 17.5%

Zhejiang Hailiang Co., Ltd. (002203.SZ) — Stock Score Summary

Zhejiang Hailiang Co., Ltd. (002203.SZ) has a MoatMap StockRank of 57/100 based on Quality (38/100), Value (29/100), and Momentum (80/100) factor scores. The current signal is HOLD. Zhejiang Hailiang is a major copper processor, but it operates as a low-margin fabricator rather than a primary miner. It does not benefit from the high-margin upside of the copper supercycle, as it is burdened by high working capital requirements and lacks pricing power.

Zhejiang Hailiang Co., Ltd. manufactures copper pipes, copper bars, and copper alloy fittings for HVAC, plumbing, and industrial applications. The company holds a dominant global market position as one of the world's largest producers of copper pipes and fittings, supported by scale efficiencies and global manufacturing bases. It is a market leader with high pricing power and advanced production automation.

Key Financial Metrics

Price$3.77
Market Cap$6.9B
P/E (TTM)50.35
P/E (Forward)29.72
Price/Book3.20
Return on Equity6.5%
Return on Invested Capital7.0%
Debt/Equity133.91
Gross Margin4.0%
Operating Margin2.9%
Revenue Growth17.1%
Dividend Yield1.0%
Free Cash Flow$-117M

Zhejiang Hailiang Co., Ltd. operates in the Copper industry, part of the Basic Materials sector (China).

Frequently Asked Questions

What is Zhejiang Hailiang Co., Ltd.’s (002203.SZ) StockRank?
MoatMap’s StockRank for Zhejiang Hailiang Co., Ltd. (002203.SZ) is 57/100, with a Hold signal. It is a composite of Quality (38), Value (29), and Momentum (80) factor ranks across MoatMap’s 20,000+ stock universe.
Does Zhejiang Hailiang Co., Ltd. have an economic moat?
Zhejiang Hailiang Co., Ltd. (002203.SZ) has a Quality factor score of 38/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Zhejiang Hailiang Co., Ltd. a buy, hold, or sell?
MoatMap’s current signal for Zhejiang Hailiang Co., Ltd. (002203.SZ) is Hold, based on a StockRank of 57/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Zhejiang Hailiang Co., Ltd. in?
Zhejiang Hailiang Co., Ltd. (002203.SZ) operates in the Basic Materials sector, specifically the Copper industry (China).
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