Z 
Zhejiang Hongchang Electrical Technology Co 301008.SZ · CNY
Industrials · Shenzhen · 🇨🇳 China
34.84
+1.01%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥1.15bn
FY2017FY2025
Net income
CN¥32.8m
FY2017FY2025
Free cash flow
CN¥96.8m
FY2017FY2025
Shareholders' equity
CN¥1.51bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.15bn | CN¥1.03bn | CN¥884.5m | CN¥826.4m | CN¥767.8m | CN¥577.0m | CN¥506.1m | CN¥385.1m | CN¥316.2m |
| Gross profit | CN¥151.4m | CN¥166.1m | CN¥171.6m | CN¥147.2m | CN¥143.9m | CN¥151.9m | CN¥149.7m | CN¥100.4m | CN¥81.8m |
| Research and development | CN¥47.1m | CN¥44.4m | CN¥40.2m | CN¥34.2m | CN¥31.8m | CN¥20.4m | CN¥19.6m | CN¥14.8m | CN¥11.2m |
| Operating income | — | CN¥56.9m | CN¥95.8m | CN¥72.0m | CN¥73.2m | CN¥93.3m | CN¥78.4m | CN¥31.7m | CN¥31.2m |
| Net income | CN¥32.8m | CN¥52.5m | CN¥85.9m | CN¥67.3m | CN¥68.0m | CN¥81.9m | CN¥68.5m | CN¥25.1m | CN¥24.8m |
| Diluted earnings per share | 0.25 | 0.46 | 0.78 | 0.60 | 0.61 | 0.99 | 0.99 | 0.19 | 0.19 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.24bn | CN¥2.05bn | CN¥2.02bn | CN¥1.50bn | CN¥1.38bn | CN¥691.8m | CN¥597.2m | CN¥462.5m | CN¥469.3m |
| Cash and short-term investments | — | CN¥777.5m | CN¥875.1m | CN¥463.5m | CN¥550.5m | CN¥47.0m | CN¥28.8m | CN¥9.1m | CN¥38.3m |
| Total liabilities | CN¥728.4m | CN¥921.3m | CN¥884.6m | CN¥475.0m | CN¥419.0m | CN¥309.4m | CN¥282.0m | CN¥217.9m | CN¥269.5m |
| Debt | — | CN¥377.2m | CN¥447.1m | CN¥71.5m | CN¥39.6m | CN¥30.5m | CN¥41.1m | CN¥50.0m | CN¥91.0m |
| Shareholders' equity | CN¥1.51bn | CN¥1.12bn | CN¥1.13bn | CN¥1.03bn | CN¥957.1m | CN¥382.3m | CN¥315.2m | CN¥244.6m | CN¥199.8m |
| Shares outstanding | 133m | 114m | 110m | 112m | 111m | 83m | 69m | 133m | 133m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥172.6m | CN¥84.5m | CN¥145.4m | CN¥16.8m | CN¥25.7m | CN¥69.4m | CN¥67.0m | CN¥44.1m | −CN¥11.8m |
| Capital spending | −CN¥75.7m | −CN¥119.5m | −CN¥148.8m | −CN¥108.6m | −CN¥73.2m | −CN¥27.9m | −CN¥22.9m | −CN¥22.7m | −CN¥21.8m |
| Free cash flow | CN¥96.8m | −CN¥35.0m | −CN¥3.4m | −CN¥91.8m | −CN¥47.5m | CN¥41.5m | CN¥44.1m | CN¥21.4m | −CN¥33.6m |
| Dividends paid | −CN¥12.8m | −CN¥50.8m | −CN¥34.8m | −CN¥1.8m | −CN¥40.0m | −CN¥17.0m | −CN¥22.4m | −CN¥5.7m | −CN¥3.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥302.1m | CN¥255.8m | CN¥318.8m | CN¥285.5m | CN¥272.0m | CN¥270.4m | CN¥319.6m | CN¥258.2m |
| Gross profit | CN¥36.1m | CN¥29.3m | CN¥35.2m | CN¥41.3m | CN¥35.2m | CN¥39.6m | CN¥45.7m | CN¥46.3m |
| Operating income | −CN¥937,827 | CN¥1.4m | CN¥9.1m | CN¥9.0m | CN¥4.1m | CN¥16.3m | CN¥11.0m | CN¥12.5m |
| Net income | CN¥32.7m | CN¥1.4m | CN¥7.6m | CN¥9.2m | CN¥4.0m | CN¥11.9m | CN¥8.7m | CN¥13.2m |
| Diluted earnings per share | 0.25 | 0.01 | 0.06 | 0.07 | 0.03 | 0.09 | 0.08 | 0.12 |
| Cash from operations | — | — | — | CN¥78.0m | −CN¥41.0m | CN¥68.0m | — | CN¥54.0m |
| Capital spending | −CN¥6.0m | −CN¥19.0m | −CN¥9.0m | −CN¥13.0m | −CN¥19.0m | −CN¥32.0m | −CN¥37.0m | −CN¥34.0m |
| Free cash flow | — | — | — | CN¥65.0m | −CN¥60.0m | CN¥36.0m | — | CN¥20.0m |
| Total assets | CN¥2.33bn | CN¥2.21bn | CN¥2.24bn | CN¥2.19bn | CN¥2.11bn | CN¥2.11bn | CN¥2.05bn | CN¥1.98bn |
| Cash and short-term investments | — | — | — | CN¥857.6m | CN¥814.9m | CN¥876.2m | CN¥777.5m | CN¥768.9m |
| Debt | — | — | — | CN¥337.7m | CN¥54.8m | CN¥404.5m | CN¥373.5m | CN¥608.3m |
| Shareholders' equity | CN¥1.56bn | CN¥1.51bn | CN¥1.51bn | CN¥1.50bn | CN¥1.48bn | CN¥1.16bn | CN¥1.12bn | CN¥1.11bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 18.5% | 16.2% | 19.4% | 17.8% | 18.7% | 26.3% | — |
| Operating margin | 4.0% | 7.4% | 12.1% | 9.3% | 10.3% | 16.6% | — |
| Net margin | 2.9% | 5.1% | 9.7% | 8.1% | 8.9% | 14.2% | — |
| Return on equity | 2.2% | 4.7% | 7.6% | 6.6% | 7.1% | 21.4% | — |
| Return on assets | 1.5% | 2.6% | 4.2% | 4.5% | 4.9% | 11.8% | — |
| Free cash flow yield | 4.8% | 4.5% | 6.8% | 2.8% | 2.3% | 3.0% | — |
| Revenue growth | 11.7% | 16.1% | 7.0% | 7.6% | 33.1% | 14.0% | — |
| Earnings growth | -37.4% | -38.9% | 27.7% | -1.1% | -16.9% | 19.6% | — |
| Current ratio | 2.28x | 2.68x | 2.96x | 2.55x | 2.73x | 1.64x | — |
| Debt to equity | — | 0.33x | 0.39x | 0.06x | -0.05x | -0.13x | 0.13x |
| Equity ratio | 67.3% | 54.8% | 56.1% | 68.2% | 69.4% | 55.3% | — |
| Interest coverage | 6.04x | 3.95x | 9.41x | 15.43x | 14.19x | 35.63x | — |
| R&D as a share of sales | 4.1% | 4.3% | 4.5% | 4.1% | 4.1% | 3.5% | — |
| Buybacks as a share of market value | -16.3% | -3.3% | 1.8% | -1.6% | -33.9% | -19.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 14.7% | — |
| Net income | -21.3% | -16.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 14.6% | 16.4% | 17.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 139.3 | 40.9 | 27.7 | 27.7 | 41.9 |
| Price to sales | 4.0 | 2.1 | 2.7 | 2.3 | 3.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 9 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | |
|---|---|---|---|---|---|
| Paid in the year | 0.028 | 0.10 | 0.429 | 0.286 | 0.357 |
- 7-for-5 split · 20 Jun 2024
- 6-for-5 split · 27 May 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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