S 
Suzhou Hengmingda Electronic Technology Co 002947.SZ · CNY
Information Technology · Shenzhen · 🇨🇳 China
47.51
+1.97%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.84bn
FY2016FY2025
Net income
CN¥531.9m
FY2016FY2025
Free cash flow
CN¥628.1m
FY2016FY2025
Shareholders' equity
CN¥3.12bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.84bn | CN¥2.49bn | CN¥1.82bn | CN¥1.55bn | CN¥1.13bn | CN¥643.6m | CN¥584.9m | CN¥500.7m | CN¥449.4m | CN¥318.5m |
| Gross profit | CN¥876.5m | CN¥750.7m | CN¥536.4m | CN¥438.7m | CN¥285.9m | CN¥235.7m | CN¥286.8m | CN¥240.4m | CN¥209.6m | CN¥127.0m |
| Research and development | CN¥126.5m | CN¥112.6m | CN¥85.5m | CN¥71.2m | CN¥55.1m | CN¥37.7m | CN¥30.1m | CN¥25.6m | CN¥23.7m | CN¥17.2m |
| Operating income | CN¥593.0m | CN¥523.9m | CN¥323.6m | CN¥232.3m | CN¥44.1m | CN¥122.4m | CN¥189.1m | CN¥145.5m | CN¥118.6m | CN¥78.4m |
| Net income | CN¥531.9m | CN¥456.9m | CN¥281.4m | CN¥193.4m | CN¥31.3m | CN¥105.0m | CN¥165.8m | CN¥126.0m | CN¥98.9m | CN¥66.4m |
| Diluted earnings per share | 2.19 | 1.79 | 1.24 | 0.80 | 0.12 | 0.50 | 0.80 | 0.81 | 0.64 | 0.27 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥4.47bn | CN¥3.96bn | CN¥2.80bn | CN¥2.49bn | CN¥2.20bn | CN¥1.66bn | CN¥1.36bn | CN¥648.5m | CN¥528.2m | CN¥441.8m |
| Cash and short-term investments | CN¥2.06bn | CN¥1.68bn | CN¥909.9m | CN¥572.5m | CN¥410.7m | CN¥362.4m | CN¥386.4m | CN¥195.4m | CN¥124.3m | CN¥75.6m |
| Total liabilities | CN¥1.33bn | CN¥788.4m | CN¥699.0m | CN¥625.0m | CN¥472.4m | CN¥379.1m | CN¥139.2m | CN¥99.6m | CN¥105.3m | CN¥261.0m |
| Debt | CN¥591.0m | CN¥128.9m | CN¥136.9m | CN¥69.9m | CN¥18.9m | CN¥149.6m | CN¥34,871 | — | — | CN¥60.0m |
| Shareholders' equity | CN¥3.12bn | CN¥3.16bn | CN¥2.09bn | CN¥1.85bn | CN¥1.71bn | CN¥1.27bn | CN¥1.22bn | CN¥548.9m | CN¥422.9m | CN¥180.8m |
| Shares outstanding | 243m | 256m | 226m | 241m | 262m | 209m | 207m | 155m | 154m | 243m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥700.3m | CN¥271.2m | CN¥267.2m | CN¥102.6m | −CN¥44.8m | CN¥143.0m | CN¥170.2m | CN¥131.2m | CN¥92.3m | CN¥6.3m |
| Capital spending | −CN¥72.2m | −CN¥97.2m | −CN¥216.5m | −CN¥112.3m | −CN¥181.1m | −CN¥71.5m | −CN¥28.8m | −CN¥58.4m | −CN¥33.0m | −CN¥54.0m |
| Free cash flow | CN¥628.1m | CN¥174.1m | CN¥50.7m | −CN¥9.7m | −CN¥225.9m | CN¥71.4m | CN¥141.4m | CN¥72.8m | CN¥59.3m | −CN¥47.7m |
| Dividends paid | −CN¥149.9m | −CN¥114.9m | −CN¥69.1m | −CN¥35.2m | −CN¥36.6m | −CN¥72.9m | −CN¥24.3m | −CN¥128,083 | −CN¥45.6m | −CN¥56.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥662.7m | CN¥713.9m | CN¥895.2m | CN¥718.1m | CN¥595.7m | CN¥648.8m | CN¥787.1m | CN¥757.6m |
| Gross profit | CN¥236.4m | CN¥248.1m | CN¥252.5m | CN¥280.0m | CN¥179.9m | CN¥195.4m | CN¥193.6m | CN¥293.8m |
| Operating income | CN¥127.3m | CN¥185.8m | CN¥146.1m | CN¥191.2m | CN¥147.9m | CN¥128.6m | CN¥170.6m | CN¥165.8m |
| Net income | CN¥102.2m | CN¥151.4m | CN¥124.0m | CN¥173.6m | CN¥126.1m | CN¥108.2m | CN¥146.0m | CN¥147.0m |
| Diluted earnings per share | 0.42 | 0.62 | 0.51 | 0.71 | 0.52 | 0.44 | 0.57 | 0.57 |
| Cash from operations | — | — | −CN¥15.0m | CN¥131.0m | CN¥278.0m | CN¥295.0m | — | −CN¥72.0m |
| Capital spending | −CN¥49.0m | −CN¥17.0m | −CN¥16.0m | −CN¥20.0m | −CN¥14.0m | −CN¥21.0m | −CN¥25.0m | −CN¥39.0m |
| Free cash flow | — | — | −CN¥31.0m | CN¥111.0m | CN¥264.0m | CN¥274.0m | — | −CN¥111.0m |
| Total assets | CN¥4.37bn | CN¥4.34bn | CN¥4.47bn | CN¥4.29bn | CN¥3.81bn | CN¥4.00bn | CN¥3.96bn | CN¥3.79bn |
| Cash and short-term investments | — | — | CN¥2.06bn | CN¥2.11bn | CN¥1.86bn | CN¥1.91bn | CN¥1.68bn | CN¥1.06bn |
| Debt | CN¥270.0m | CN¥270.0m | CN¥523.6m | CN¥234.7m | CN¥3.0m | CN¥5.3m | CN¥56.3m | CN¥5.8m |
| Shareholders' equity | CN¥3.24bn | CN¥3.23bn | CN¥3.12bn | CN¥3.26bn | CN¥3.09bn | CN¥3.27bn | CN¥3.16bn | CN¥3.01bn |
Financial ratios
Data as of 3 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 30.8% | 30.2% | 29.5% | 28.3% | 25.3% | 36.6% | — | — |
| Operating margin | 20.9% | 21.1% | 17.8% | 15.0% | 3.9% | 19.0% | — | — |
| Net margin | 18.7% | 18.4% | 15.5% | 12.5% | 2.8% | 16.3% | — | — |
| Return on equity | 17.1% | 14.5% | 13.5% | 10.4% | 1.8% | 8.3% | — | — |
| Return on assets | 11.9% | 11.5% | 10.0% | 7.8% | 1.4% | 6.3% | — | — |
| Free cash flow yield | 5.7% | 2.6% | 3.8% | 1.6% | 0.9% | 1.8% | — | — |
| Revenue growth | 14.3% | 36.7% | 17.5% | 36.9% | 75.6% | 10.0% | — | — |
| Earnings growth | 16.4% | 62.4% | 45.5% | 518.6% | -70.2% | -36.7% | — | — |
| Current ratio | 3.87x | 4.53x | 3.41x | 3.43x | 3.73x | 3.61x | — | — |
| Debt to equity | 0.17x | 0.02x | 0.03x | — | 0.00x | — | 0.33x | 0.25x |
| Equity ratio | 69.7% | 79.8% | 74.6% | 74.4% | 77.9% | 76.3% | — | — |
| Interest coverage | 117.35x | 123.57x | 66.51x | 60.01x | 40.02x | 1115.42x | — | — |
| R&D as a share of sales | 4.5% | 4.5% | 4.7% | 4.6% | 4.9% | 5.9% | — | — |
| Buybacks as a share of market value | 4.8% | -12.9% | 5.9% | 8.0% | -25.4% | -0.6% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.4% | 34.6% | 25.0% |
| Operating income | 36.7% | 37.1% | 22.9% |
| Net income | 40.1% | 38.3% | 24.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.5% | 29.9% | 29.8% | 32.4% |
| Operating margin | 21.0% | 19.2% | 17.6% | 19.4% |
| Net margin | 18.6% | 16.8% | 15.3% | 16.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 23.8 | 18.6 | 25.9 | 24.6 | 237.5 | 48.5 | 47.9 |
| Price to sales | 4.5 | 3.4 | 4.0 | 3.1 | 6.6 | 7.9 | 13.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.60 | 0.50 | 0.30 | 0.154 | 0.178 | 0.355 | 0.118 |
- 13-for-10 split · 23 Mar 2022
- 13-for-10 split · 13 May 2021
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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