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Ningbo Huaxiang Electronic Co 002048.SZ · CNY

Consumer Discretionary · Shenzhen · 🇨🇳 China

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18.96

+0.26%

Close of 9 Nov 2026, in CNY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CNY, from our data supplier.

FY2025

Revenue

CN¥26.19bn

FY2016FY2025

Net income

CN¥418.2m

FY2016FY2025

Free cash flow

CN¥1.43bn

FY2016FY2025

Shareholders' equity

CN¥11.49bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueCN¥26.19bnCN¥26.32bnCN¥23.28bnCN¥19.72bnCN¥17.59bnCN¥16.89bnCN¥17.09bnCN¥14.93bnCN¥14.81bnCN¥12.51bn
Gross profitCN¥4.27bnCN¥4.15bnCN¥3.73bnCN¥3.27bnCN¥3.30bnCN¥3.10bnCN¥3.35bnCN¥2.87bnCN¥3.02bnCN¥2.58bn
Research and developmentCN¥891.3mCN¥953.4mCN¥823.4mCN¥710.8mCN¥640.4mCN¥528.1mCN¥569.2mCN¥517.5mCN¥373.5mCN¥273.8m
Operating incomeCN¥2.16bnCN¥1.56bnCN¥1.72bnCN¥1.48bnCN¥1.68bnCN¥1.32bnCN¥1.52bnCN¥1.22bnCN¥1.44bnCN¥1.26bn
Net incomeCN¥418.2mCN¥953.0mCN¥1.03bnCN¥985.1mCN¥1.27bnCN¥849.4mCN¥981.1mCN¥731.8mCN¥798.3mCN¥713.9m
Diluted earnings per share0.511.171.290.742.001.381.581.2015,775.781.38

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsCN¥27.19bnCN¥29.16bnCN¥27.24bnCN¥23.05bnCN¥21.85bnCN¥19.28bnCN¥17.13bnCN¥16.26bnCN¥16.20bnCN¥13.52bn
Cash and short-term investments—CN¥2.84bnCN¥3.47bnCN¥3.20bnCN¥4.10bnCN¥3.28bnCN¥1.83bnCN¥1.83bnCN¥3.40bnCN¥1.40bn
Total liabilitiesCN¥14.26bnCN¥16.22bnCN¥13.39bnCN¥10.36bnCN¥9.64bnCN¥7.59bnCN¥6.63bnCN¥6.92bnCN¥7.31bnCN¥7.41bn
DebtCN¥25.0mCN¥1.68bnCN¥1.29bnCN¥1.10bnCN¥1.90bnCN¥716.5mCN¥763.8mCN¥1.52bnCN¥2.59bnCN¥1.99bn
Shareholders' equityCN¥11.49bnCN¥11.49bnCN¥12.21bnCN¥11.10bnCN¥10.86bnCN¥10.32bnCN¥9.15bnCN¥8.11bnCN¥7.82bnCN¥5.18bn
Shares outstanding818m815m800m1,324m633m618m622m612m0m516m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsCN¥2.65bnCN¥2.31bnCN¥3.04bnCN¥1.79bnCN¥2.26bnCN¥2.87bnCN¥2.01bnCN¥1.23bnCN¥1.40bnCN¥1.43bn
Capital spending−CN¥1.23bn−CN¥1.55bn−CN¥2.24bn−CN¥1.37bn−CN¥928.6m−CN¥765.4m−CN¥735.4m−CN¥1.53bn−CN¥1.14bn−CN¥726.3m
Free cash flowCN¥1.43bnCN¥763.4mCN¥797.8mCN¥418.0mCN¥1.34bnCN¥2.10bnCN¥1.27bn−CN¥296.6mCN¥260.0mCN¥706.6m
Dividends paid−CN¥426.6m−CN¥818.2m−CN¥484.5m−CN¥270.5m−CN¥2.40bn−CN¥100.2m−CN¥93.9m−CN¥150.8m−CN¥469.0m−CN¥53.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueCN¥5.08bnCN¥5.17bnCN¥6.96bnCN¥6.35bnCN¥6.62bnCN¥6.26bnCN¥8.19bnCN¥6.54bn
Gross profitCN¥964.3mCN¥730.7mCN¥1.17bnCN¥1.19bnCN¥1.04bnCN¥869.0mCN¥1.42bnCN¥961.0m
Operating incomeCN¥518.4mCN¥300.6mCN¥654.3mCN¥588.9m−CN¥474.8mCN¥402.2mCN¥368.0mCN¥338.9m
Net incomeCN¥450.4mCN¥272.9mCN¥329.5mCN¥462.3m−CN¥629.5mCN¥255.9mCN¥236.2mCN¥185.5m
Diluted earnings per share0.550.330.400.57-0.770.310.290.23
Cash from operations———CN¥496.0mCN¥915.0mCN¥267.0mCN¥1.26bnCN¥799.0m
Capital spending−CN¥213.0m−CN¥291.0m−CN¥196.0m−CN¥349.0m−CN¥305.0m−CN¥373.0m−CN¥334.0m−CN¥440.0m
Free cash flow———CN¥147.0mCN¥610.0m−CN¥106.0mCN¥925.0mCN¥359.0m
Total assetsCN¥25.89bnCN¥26.20bnCN¥27.19bnCN¥26.08bnCN¥27.32bnCN¥28.51bnCN¥29.16bnCN¥28.17bn
Cash and short-term investments———CN¥1.91bnCN¥2.40bnCN¥2.52bnCN¥2.84bnCN¥2.48bn
DebtCN¥24.5mCN¥25.0mCN¥25.0mCN¥2.76bnCN¥1.04bnCN¥877.3mCN¥953.7mCN¥1.00bn
Shareholders' equityCN¥11.71bnCN¥11.99bnCN¥11.49bnCN¥11.25bnCN¥10.89bnCN¥11.88bnCN¥11.49bnCN¥11.34bn

Financial ratios

Data as of 23 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin16.3%15.8%16.0%16.6%18.8%18.3%
Operating margin8.3%5.9%7.4%7.5%9.6%7.8%
Net margin1.6%3.6%4.4%5.0%7.2%5.0%
Return on equity3.6%8.3%8.4%8.9%11.7%8.2%
Return on assets1.5%3.3%3.8%4.3%5.8%4.4%
Free cash flow yield25.7%25.7%35.7%12.9%27.3%31.9%
Revenue growth-0.5%13.1%18.1%12.1%4.1%-1.2%
Earnings growth-56.1%-7.5%4.6%-22.2%49.0%-13.4%
Current ratio1.16x1.13x1.40x1.51x1.51x1.65x
Debt to equity0.00x0.08x0.07x0.07x0.14x0.06x
Equity ratio42.2%39.4%44.8%48.2%49.7%53.5%
Interest coverage28.43x11.24x19.03x24.80x29.55x44.85x
R&D as a share of sales3.4%3.6%3.5%3.6%3.6%3.1%
Buybacks as a share of market value-0.4%-1.8%39.6%-109.2%-2.5%0.7%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue9.9%9.2%10.3%
Operating income13.4%10.3%13.9%
Net income-24.8%-13.2%10.1%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin16.0%16.2%16.8%17.8%
Operating margin7.1%7.3%7.6%8.0%
Net margin2.6%3.5%4.2%4.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2016FY2015
Price to earnings61.510.810.118.710.811.39.88.716.058.5
Price to sales1.00.40.50.90.80.60.60.40.91.0

Dividends and splits

Per share, in the currency the company pays

Paid for 20 years. Last went ex-dividend on 29 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year0.260.4690.6320.250.1253.700.160.15
  • 9-for-5 split · 14 Apr 2008
  • 9-for-5 split · 13 Sept 2006
  • 13-for-10 split · 21 Apr 2006
  • 1-to-1 reverse split · 11 Nov 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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