Hangzhou Heatwell Electric Heating Technology Co 603075.SS · CNY
Consumer Discretionary · Shanghai · 🇨🇳 China
17.54
+0.86%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.13bn
FY2019FY2025
Net income
CN¥323.1m
FY2019FY2025
Free cash flow
CN¥235.6m
FY2019FY2025
Shareholders' equity
CN¥2.17bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.13bn | CN¥1.92bn | CN¥1.68bn | CN¥1.69bn | CN¥1.80bn | CN¥1.46bn | CN¥1.34bn |
| Gross profit | CN¥648.8m | CN¥592.7m | CN¥503.5m | CN¥485.3m | CN¥496.0m | CN¥433.5m | CN¥422.6m |
| Research and development | CN¥109.0m | CN¥101.7m | CN¥93.5m | CN¥97.6m | CN¥99.8m | CN¥73.1m | CN¥71.7m |
| Operating income | CN¥366.8m | CN¥340.3m | CN¥287.6m | CN¥284.6m | CN¥267.8m | CN¥167.1m | CN¥221.0m |
| Net income | CN¥323.1m | CN¥299.7m | CN¥250.0m | CN¥241.5m | CN¥231.6m | CN¥114.3m | CN¥172.8m |
| Diluted earnings per share | 0.79 | 0.76 | 0.64 | 0.69 | 0.57 | 0.28 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | CN¥3.04bn | CN¥2.99bn | CN¥2.76bn | CN¥2.10bn | CN¥2.02bn | CN¥1.90bn | CN¥1.40bn |
| Cash and short-term investments | — | CN¥901.6m | CN¥933.5m | CN¥209.8m | CN¥262.1m | CN¥598.6m | CN¥270.5m |
| Total liabilities | CN¥860.0m | CN¥877.5m | CN¥763.5m | CN¥1.05bn | CN¥1.12bn | CN¥1.10bn | CN¥781.2m |
| Debt | — | CN¥312.1m | CN¥312.5m | CN¥545.2m | CN¥487.1m | CN¥560.6m | CN¥325.9m |
| Shareholders' equity | CN¥2.17bn | CN¥2.10bn | CN¥1.99bn | CN¥1.04bn | CN¥900.3m | CN¥764.0m | CN¥583.4m |
| Shares outstanding | 408m | 395m | 388m | 351m | 408m | 408m | 408m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥351.0m | CN¥259.9m | CN¥393.1m | CN¥280.3m | CN¥213.0m | CN¥364.5m | CN¥154.8m |
| Capital spending | −CN¥115.4m | −CN¥128.0m | −CN¥136.0m | −CN¥280.0m | −CN¥337.7m | −CN¥131.6m | −CN¥88.6m |
| Free cash flow | CN¥235.6m | CN¥131.9m | CN¥257.1m | CN¥353,000 | −CN¥124.7m | CN¥232.8m | CN¥66.2m |
| Dividends paid | −CN¥287.5m | −CN¥206.1m | −CN¥123.3m | −CN¥110.0m | −CN¥103.1m | −CN¥147.8m | −CN¥127.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥579.2m | CN¥525.7m | CN¥579.8m | CN¥560.8m | CN¥531.4m | CN¥453.9m | CN¥510.2m | CN¥509.2m |
| Gross profit | CN¥171.3m | CN¥151.5m | CN¥168.8m | CN¥222.5m | CN¥118.4m | CN¥139.1m | CN¥148.4m | CN¥212.4m |
| Operating income | CN¥99.6m | CN¥86.7m | CN¥93.0m | CN¥97.5m | CN¥106.2m | CN¥76.7m | CN¥82.5m | CN¥99.6m |
| Net income | CN¥91.9m | CN¥71.5m | CN¥76.8m | CN¥85.7m | CN¥91.8m | CN¥68.8m | CN¥71.0m | CN¥88.2m |
| Diluted earnings per share | 0.23 | 0.18 | 0.19 | 0.21 | 0.22 | 0.17 | 0.18 | 0.22 |
| Cash from operations | — | — | — | CN¥130.0m | CN¥83.0m | CN¥58.0m | CN¥121.0m | CN¥112.0m |
| Capital spending | −CN¥26.0m | −CN¥21.0m | −CN¥32.0m | −CN¥35.0m | −CN¥21.0m | −CN¥25.0m | −CN¥31.0m | −CN¥33.0m |
| Free cash flow | — | — | — | CN¥95.0m | CN¥62.0m | CN¥33.0m | CN¥90.0m | CN¥79.0m |
| Total assets | CN¥2.80bn | CN¥3.05bn | CN¥3.04bn | CN¥3.02bn | CN¥2.87bn | CN¥3.05bn | CN¥2.99bn | CN¥2.91bn |
| Cash and short-term investments | — | — | — | CN¥836.4m | CN¥736.7m | CN¥972.3m | CN¥901.6m | CN¥864.0m |
| Debt | — | — | — | CN¥532.1m | CN¥316.7m | CN¥342.0m | CN¥310.2m | CN¥370.2m |
| Shareholders' equity | CN¥2.05bn | CN¥2.24bn | CN¥2.17bn | CN¥2.10bn | CN¥1.99bn | CN¥2.18bn | CN¥2.10bn | CN¥2.03bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.0% | 7.9% | — |
| Operating income | 8.8% | 17.0% | — |
| Net income | 10.2% | 23.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.7% | 30.1% | 29.6% | — |
| Operating margin | 17.5% | 17.3% | 16.1% | — |
| Net margin | 15.4% | 15.0% | 13.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Price to earnings | 27.6 | 24.5 | 37.6 |
| Price to sales | 4.2 | 3.8 | 5.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 16 May 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.70 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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