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Hangzhou Star Shuaier Electric Appliance Co 002860.SZ · CNY
Industrials · Shenzhen · 🇨🇳 China
14.89
-0.80%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.15bn
FY2016FY2025
Net income
CN¥199.5m
FY2016FY2025
Free cash flow
CN¥48.4m
FY2016FY2025
Shareholders' equity
CN¥2.29bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.15bn | CN¥2.08bn | CN¥2.88bn | CN¥1.95bn | CN¥1.37bn | CN¥927.0m | CN¥708.2m | CN¥409.2m | CN¥354.8m | CN¥294.5m |
| Gross profit | CN¥380.6m | CN¥330.0m | CN¥411.5m | CN¥288.8m | CN¥292.7m | CN¥242.4m | CN¥220.2m | CN¥160.8m | CN¥148.1m | CN¥122.4m |
| Research and development | CN¥58.5m | CN¥52.9m | CN¥70.2m | CN¥65.8m | CN¥49.2m | CN¥37.2m | CN¥31.5m | CN¥19.6m | CN¥16.2m | CN¥10.2m |
| Operating income | CN¥251.7m | CN¥158.3m | CN¥239.9m | CN¥130.8m | CN¥176.9m | CN¥126.3m | CN¥227.3m | CN¥114.5m | CN¥101.5m | CN¥81.9m |
| Net income | CN¥199.5m | CN¥143.7m | CN¥202.5m | CN¥119.1m | CN¥143.9m | CN¥107.9m | CN¥131.4m | CN¥95.4m | CN¥89.4m | CN¥73.7m |
| Diluted earnings per share | 0.54 | 0.49 | 0.67 | 0.41 | 0.49 | 0.40 | 0.48 | 0.35 | 0.27 | 0.34 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.66bn | CN¥3.54bn | CN¥3.39bn | CN¥2.49bn | CN¥1.90bn | CN¥1.66bn | CN¥1.37bn | CN¥896.3m | CN¥812.4m | CN¥421.2m |
| Cash and short-term investments | — | CN¥1.26bn | CN¥1.11bn | CN¥537.1m | CN¥451.8m | CN¥470.8m | CN¥368.5m | CN¥255.8m | CN¥214.0m | CN¥52.3m |
| Total liabilities | CN¥1.36bn | CN¥1.67bn | CN¥1.67bn | CN¥1.07bn | CN¥654.4m | CN¥617.0m | CN¥258.3m | CN¥154.9m | CN¥147.8m | CN¥85.0m |
| Debt | — | CN¥681.1m | CN¥360.9m | CN¥7.0m | CN¥202.4m | CN¥221.5m | — | — | CN¥20.0m | CN¥10.0m |
| Shareholders' equity | CN¥2.29bn | CN¥1.82bn | CN¥1.69bn | CN¥1.38bn | CN¥1.22bn | CN¥1.03bn | CN¥839.3m | CN¥710.4m | CN¥635.6m | CN¥336.2m |
| Shares outstanding | 367m | 296m | 302m | 289m | 294m | 269m | 276m | 270m | 329m | 219m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥86.7m | CN¥31.6m | CN¥401.4m | CN¥148.0m | CN¥142.0m | CN¥95.5m | CN¥189.5m | CN¥93.4m | CN¥78.2m | CN¥71.5m |
| Capital spending | −CN¥38.3m | −CN¥81.5m | −CN¥160.1m | −CN¥121.8m | −CN¥131.4m | −CN¥61.8m | −CN¥103.4m | −CN¥32.4m | −CN¥11.4m | −CN¥9.0m |
| Free cash flow | CN¥48.4m | −CN¥49.9m | CN¥241.3m | CN¥26.1m | CN¥10.6m | CN¥33.7m | CN¥86.0m | CN¥61.0m | CN¥66.7m | CN¥62.5m |
| Dividends paid | −CN¥38.6m | −CN¥32.1m | −CN¥30.7m | −CN¥32.8m | −CN¥31.4m | −CN¥24.6m | −CN¥17.5m | −CN¥22.8m | −CN¥18.5m | −CN¥18.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥585.3m | CN¥508.8m | CN¥413.1m | CN¥609.1m | CN¥629.3m | CN¥503.1m | CN¥562.4m | CN¥471.9m |
| Gross profit | CN¥89.1m | CN¥99.9m | CN¥68.2m | CN¥117.4m | CN¥92.8m | CN¥102.2m | CN¥43.4m | CN¥102.3m |
| Operating income | CN¥57.3m | CN¥65.3m | CN¥42.2m | CN¥76.0m | CN¥59.9m | CN¥81.2m | CN¥12.8m | CN¥61.4m |
| Net income | CN¥43.1m | CN¥57.2m | CN¥22.5m | CN¥55.3m | CN¥57.4m | CN¥64.3m | −CN¥1.6m | CN¥52.9m |
| Diluted earnings per share | 0.12 | 0.16 | 0.06 | 0.15 | 0.16 | 0.18 | -0.01 | 0.18 |
| Cash from operations | — | — | — | −CN¥16.0m | CN¥116.0m | −CN¥17.0m | CN¥37.0m | CN¥41.0m |
| Capital spending | −CN¥10.0m | −CN¥11.0m | −CN¥15.0m | −CN¥9.0m | −CN¥8.0m | −CN¥5.0m | −CN¥25.0m | −CN¥14.0m |
| Free cash flow | — | — | — | −CN¥25.0m | CN¥108.0m | −CN¥22.0m | CN¥12.0m | CN¥27.0m |
| Total assets | CN¥3.95bn | CN¥3.86bn | CN¥3.66bn | CN¥3.64bn | CN¥3.61bn | CN¥3.59bn | CN¥3.54bn | CN¥3.31bn |
| Cash and short-term investments | — | — | — | CN¥1.14bn | CN¥1.12bn | CN¥1.16bn | CN¥1.26bn | CN¥995.7m |
| Debt | — | — | — | CN¥974.5m | CN¥230.0m | CN¥245.5m | CN¥678.6m | CN¥490.1m |
| Shareholders' equity | CN¥2.36bn | CN¥2.35bn | CN¥2.29bn | CN¥2.27bn | CN¥2.22bn | CN¥2.22bn | CN¥1.82bn | CN¥1.82bn |
Financial ratios
Data as of 16 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 17.7% | 15.9% | 14.3% | 14.8% | 21.4% | 26.2% | — |
| Operating margin | 11.5% | 9.5% | 8.9% | 6.9% | 13.5% | 15.5% | — |
| Net margin | 9.3% | 6.9% | 7.0% | 6.1% | 10.5% | 11.6% | — |
| Return on equity | 8.7% | 7.9% | 12.0% | 8.7% | 11.8% | 10.4% | — |
| Return on assets | 5.5% | 4.1% | 6.0% | 4.8% | 7.6% | 6.5% | — |
| Free cash flow yield | 1.7% | 1.9% | 9.2% | 4.6% | 4.6% | 2.9% | — |
| Revenue growth | 3.7% | -27.8% | 47.7% | 42.4% | 47.6% | 30.9% | — |
| Earnings growth | 38.9% | -29.0% | 70.0% | -17.2% | 33.4% | -17.9% | — |
| Current ratio | 2.21x | 2.19x | 2.07x | 1.80x | 3.15x | 3.29x | — |
| Debt to equity | — | 0.37x | 0.21x | 0.00x | 0.16x | 0.21x | 0.03x |
| Equity ratio | 62.7% | 51.5% | 49.8% | 55.3% | 64.3% | 62.1% | — |
| Interest coverage | 20.63x | 4.97x | 18.65x | 35.50x | 9.79x | 7.56x | — |
| R&D as a share of sales | 2.7% | 2.5% | 2.4% | 3.4% | 3.6% | 4.0% | — |
| Buybacks as a share of market value | -24.0% | 2.1% | -4.7% | 1.7% | -9.3% | 2.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.4% | 18.4% | 23.9% |
| Operating income | 24.4% | 14.8% | 14.5% |
| Net income | 18.8% | 13.1% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.8% | 15.6% | 17.1% | 20.2% |
| Operating margin | 9.7% | 8.6% | 9.5% | 12.5% |
| Net margin | 8.1% | 7.3% | 8.1% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.9 | 20.2 | 19.3 | 31.5 | 35.6 | 26.5 | 20.4 | 22.3 | 44.0 |
| Price to sales | 2.4 | 1.4 | 1.4 | 1.9 | 3.7 | 3.1 | 3.8 | 5.2 | 11.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 14 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.10 | 0.15 | 0.107 | 0.15 | 0.063 |
- 7-for-5 split · 21 Jun 2022
- 17-for-10 split · 7 May 2020
- 3-for-2 split · 27 Apr 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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