Tongling Jingda Special Magnet Wire Co Ltd

Tongling Jingda maintains a capital structure supported by total equity of CNY 6.15 billion against total liabilities of CNY 8.32 billion. The debt-to-equity ratio stands at 0.59, indicating moderate leverage, while the current ratio of 1.47 suggests adequate short-term liquidity to cover immediate obligations. Long-term debt comprises CNY 3.66 billion of the total liability base. Despite positive operating cash flow of CNY 2.48 billion, free cash flow is constrained to CNY 348 million due to capital expenditures of CNY 165 million, resulting in a negative net cash position after subtracting total debt from cash reserves.

Profitability metrics reveal a gross profit of CNY 1.42 billion on revenue of CNY 24.67 billion, implying a thin gross margin. Operating income is CNY 809 million, leading to a net income of CNY 599 million. The return on equity is 9.74%, and return on assets is 4.14%. These returns are generated on a market capitalization of CNY 18.64 billion, resulting in a price-to-earnings ratio of 31.11 and a price-to-book ratio of 3.03. The enterprise value-to-EBITDA multiple is 27.56, reflecting a premium valuation relative to earnings power.