H 
Hangzhou GreatStar Industrial Co 002444.SZ · CNY
Consumer Discretionary · Shenzhen · 🇨🇳 China
29.12
-2.54%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥14.67bn
FY2016FY2025
Net income
CN¥2.51bn
FY2016FY2025
Free cash flow
CN¥1.34bn
FY2016FY2025
Shareholders' equity
CN¥18.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥14.67bn | CN¥14.80bn | CN¥10.93bn | CN¥12.61bn | CN¥10.92bn | CN¥8.54bn | CN¥6.63bn | CN¥5.93bn | CN¥4.28bn | CN¥3.60bn |
| Gross profit | CN¥4.80bn | CN¥4.74bn | CN¥3.48bn | CN¥3.34bn | CN¥2.74bn | CN¥2.62bn | CN¥2.16bn | CN¥1.75bn | CN¥1.40bn | CN¥1.17bn |
| Research and development | CN¥403.1m | CN¥366.2m | CN¥322.5m | CN¥319.4m | CN¥309.8m | CN¥245.4m | CN¥203.8m | CN¥207.0m | CN¥253.4m | CN¥93.3m |
| Operating income | CN¥2.34bn | CN¥2.78bn | CN¥2.00bn | CN¥1.69bn | CN¥1.52bn | CN¥1.63bn | CN¥1.05bn | CN¥883.7m | CN¥708.3m | CN¥843.1m |
| Net income | CN¥2.51bn | CN¥2.30bn | CN¥1.69bn | CN¥1.42bn | CN¥1.27bn | CN¥1.35bn | CN¥895.0m | CN¥717.0m | CN¥548.6m | CN¥621.6m |
| Diluted earnings per share | 2.10 | 1.93 | 1.42 | 1.24 | 1.11 | 1.27 | 0.83 | 0.67 | 0.51 | 0.56 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥23.62bn | CN¥23.10bn | CN¥19.68bn | CN¥18.60bn | CN¥17.31bn | CN¥13.80bn | CN¥11.13bn | CN¥9.53bn | CN¥7.95bn | CN¥7.09bn |
| Cash and short-term investments | — | CN¥6.86bn | CN¥5.30bn | CN¥4.93bn | CN¥4.05bn | CN¥3.81bn | CN¥2.53bn | CN¥2.64bn | CN¥2.34bn | CN¥2.77bn |
| Total liabilities | CN¥4.48bn | CN¥6.52bn | CN¥4.67bn | CN¥4.97bn | CN¥6.49bn | CN¥4.76bn | CN¥3.52bn | CN¥2.71bn | CN¥1.85bn | CN¥1.35bn |
| Debt | — | CN¥3.59bn | CN¥2.36bn | CN¥2.82bn | CN¥4.10bn | CN¥2.82bn | CN¥2.20bn | CN¥1.14bn | CN¥884.0m | CN¥555.0m |
| Shareholders' equity | CN¥18.81bn | CN¥16.40bn | CN¥14.85bn | CN¥13.40bn | CN¥10.60bn | CN¥8.83bn | CN¥7.43bn | CN¥6.64bn | CN¥5.97bn | CN¥5.63bn |
| Shares outstanding | 1,194m | 1,194m | 1,194m | 1,149m | 1,143m | 1,064m | 1,074m | 1,069m | 1,083m | 1,103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥2.31bn | CN¥1.74bn | CN¥2.13bn | CN¥1.63bn | CN¥18.6m | CN¥771.2m | CN¥809.9m | CN¥792.6m | CN¥449.6m | CN¥607.7m |
| Capital spending | −CN¥972.1m | −CN¥488.5m | −CN¥437.8m | −CN¥432.5m | −CN¥542.0m | −CN¥624.7m | −CN¥328.1m | −CN¥150.8m | −CN¥76.0m | −CN¥105.8m |
| Free cash flow | CN¥1.34bn | CN¥1.25bn | CN¥1.69bn | CN¥1.20bn | −CN¥523.4m | CN¥146.4m | CN¥481.7m | CN¥641.8m | CN¥373.6m | CN¥501.8m |
| Dividends paid | −CN¥324.0m | −CN¥784.3m | −CN¥481.7m | −CN¥71.5m | −CN¥52.9m | −CN¥43.3m | −CN¥202.2m | −CN¥22.5m | −CN¥124.9m | −CN¥125.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.90bn | CN¥3.77bn | CN¥3.51bn | CN¥4.13bn | CN¥3.37bn | CN¥3.66bn | CN¥3.71bn | CN¥4.38bn |
| Gross profit | CN¥1.37bn | CN¥1.19bn | CN¥1.11bn | CN¥1.45bn | CN¥1.14bn | CN¥1.11bn | CN¥1.15bn | CN¥1.44bn |
| Operating income | CN¥755.2m | CN¥566.1m | CN¥393.6m | CN¥781.4m | CN¥933.0m | CN¥589.0m | CN¥510.8m | CN¥898.1m |
| Net income | CN¥789.3m | CN¥515.4m | CN¥354.5m | CN¥882.3m | CN¥812.1m | CN¥460.7m | CN¥368.2m | CN¥741.7m |
| Diluted earnings per share | 0.66 | 0.43 | 0.30 | 0.74 | 0.68 | 0.39 | 0.31 | 0.62 |
| Cash from operations | — | — | — | CN¥580.0m | CN¥485.0m | CN¥550.0m | CN¥900.0m | CN¥254.0m |
| Capital spending | −CN¥163.0m | −CN¥180.0m | −CN¥289.0m | −CN¥106.0m | −CN¥299.0m | −CN¥276.0m | −CN¥135.0m | −CN¥212.0m |
| Free cash flow | — | — | — | CN¥474.0m | CN¥186.0m | CN¥274.0m | CN¥765.0m | CN¥42.0m |
| Total assets | CN¥25.99bn | CN¥23.83bn | CN¥23.62bn | CN¥23.25bn | CN¥22.63bn | CN¥22.14bn | CN¥23.10bn | CN¥23.04bn |
| Cash and short-term investments | — | — | — | CN¥5.44bn | CN¥5.37bn | CN¥5.68bn | CN¥6.86bn | CN¥6.26bn |
| Debt | — | — | — | CN¥1.07bn | CN¥1.33bn | CN¥1.93bn | CN¥3.24bn | CN¥3.31bn |
| Shareholders' equity | CN¥19.25bn | CN¥19.12bn | CN¥18.81bn | CN¥18.92bn | CN¥18.12bn | CN¥16.91bn | CN¥16.40bn | CN¥16.54bn |
Financial ratios
Data as of 19 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 32.7% | 32.0% | 31.8% | 26.5% | 25.1% | 30.6% |
| Operating margin | 15.9% | 18.8% | 18.3% | 13.4% | 13.9% | 19.1% |
| Net margin | 17.1% | 15.6% | 15.5% | 11.3% | 11.6% | 15.8% |
| Return on equity | 13.3% | 14.0% | 11.4% | 10.6% | 12.0% | 15.3% |
| Return on assets | 10.6% | 10.0% | 8.6% | 7.6% | 7.3% | 9.8% |
| Free cash flow yield | 10.2% | 6.9% | 7.9% | 6.6% | 1.8% | 4.8% |
| Revenue growth | -0.9% | 35.4% | -13.3% | 15.5% | 27.8% | 29.0% |
| Earnings growth | 8.9% | 36.2% | 19.1% | 11.8% | -5.9% | 50.8% |
| Current ratio | 2.98x | 2.21x | 2.49x | 2.75x | 1.90x | 2.43x |
| Debt to equity | 0.00x | 0.20x | 0.07x | 0.16x | 0.27x | 0.26x |
| Equity ratio | 79.6% | 71.0% | 75.4% | 72.0% | 61.2% | 64.0% |
| Interest coverage | 71.90x | 30.19x | 21.01x | 14.20x | 20.21x | 21.29x |
| R&D as a share of sales | 2.7% | 2.5% | 3.0% | 2.5% | 2.8% | 2.9% |
| Buybacks as a share of market value | 0.0% | 0.0% | -3.9% | -0.6% | -7.4% | 0.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.2% | 11.4% | 16.5% |
| Operating income | 11.5% | 7.4% | 14.4% |
| Net income | 20.9% | 13.2% | 18.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.4% | 30.9% | 30.0% | 30.2% |
| Operating margin | 17.4% | 16.6% | 16.5% | 16.7% |
| Net margin | 16.3% | 15.0% | 14.6% | 14.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.2 | 16.8 | 15.9 | 15.4 | 27.5 | 24.5 | 12.9 | 14.1 | 27.3 | 27.7 |
| Price to sales | 2.8 | 2.6 | 2.5 | 1.7 | 3.2 | 3.9 | 1.7 | 1.7 | 3.5 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 18 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2019 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.25 | 0.60 | 0.341 | 0.19 | 0.10 | 0.10 | 0.20 |
- 2-for-1 split · 13 Sept 2013
- 2-for-1 split · 26 Apr 2011
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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