H 
Hefei Taihe Intelligent Technology Group Co 603656.SS · CNY
Industrials · Shanghai · 🇨🇳 China
18.25
-2.51%
Close of 9 Nov 2026, in CNY
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At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥616.1m
FY2016FY2025
Net income
CN¥29.1m
FY2016FY2025
Free cash flow
CN¥71.9m
FY2016FY2025
Shareholders' equity
CN¥1.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥616.1m | CN¥563.8m | CN¥509.4m | CN¥479.3m | CN¥518.6m | CN¥474.8m | CN¥385.2m | CN¥407.3m | CN¥385.1m | CN¥370.7m |
| Gross profit | CN¥255.0m | CN¥222.0m | CN¥202.0m | CN¥189.5m | CN¥217.6m | CN¥230.5m | CN¥208.3m | CN¥216.1m | CN¥210.3m | CN¥195.1m |
| Research and development | CN¥45.8m | CN¥56.8m | CN¥59.5m | CN¥55.1m | CN¥64.3m | CN¥55.3m | CN¥50.2m | CN¥38.1m | CN¥28.3m | CN¥23.5m |
| Operating income | CN¥56.8m | CN¥26.0m | CN¥6.8m | CN¥6.4m | CN¥27.4m | CN¥36.2m | CN¥50.2m | CN¥85.7m | CN¥92.9m | CN¥88.4m |
| Net income | CN¥29.1m | CN¥21.5m | CN¥11.3m | CN¥21.6m | CN¥38.4m | CN¥43.4m | CN¥62.4m | CN¥80.7m | CN¥87.5m | CN¥83.7m |
| Diluted earnings per share | 0.16 | 0.12 | 0.04 | 0.14 | 0.27 | 0.27 | 0.41 | 0.54 | 0.61 | 0.76 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.05bn | CN¥1.62bn | CN¥1.63bn | CN¥1.33bn | CN¥1.26bn | CN¥1.20bn | CN¥1.06bn | CN¥1.01bn | CN¥943.6m | CN¥502.5m |
| Cash and short-term investments | — | CN¥588.0m | CN¥577.8m | CN¥336.6m | CN¥420.2m | CN¥497.4m | CN¥623.7m | CN¥333.0m | CN¥104.8m | CN¥190.8m |
| Total liabilities | CN¥726.2m | CN¥328.0m | CN¥310.3m | CN¥346.9m | CN¥259.2m | CN¥231.2m | CN¥117.8m | CN¥119.3m | CN¥115.9m | CN¥116.7m |
| Debt | CN¥33.0m | CN¥27.1m | CN¥24.3m | CN¥196,056 | CN¥20.6m | CN¥30.7m | — | CN¥670,240 | CN¥824,540 | CN¥7.5m |
| Shareholders' equity | CN¥1.32bn | CN¥1.29bn | CN¥1.31bn | CN¥979.5m | CN¥995.1m | CN¥963.8m | CN¥930.5m | CN¥882.4m | CN¥827.7m | CN¥385.8m |
| Shares outstanding | 187m | 179m | 253m | 152m | 145m | 160m | 153m | 150m | 144m | 111m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥139.6m | CN¥104.4m | CN¥13.4m | CN¥58.4m | −CN¥10.6m | CN¥25.1m | CN¥42.3m | CN¥48.6m | CN¥87.4m | CN¥82.3m |
| Capital spending | −CN¥67.7m | −CN¥69.0m | −CN¥101.8m | −CN¥111.2m | −CN¥84.2m | −CN¥157.2m | −CN¥66.6m | −CN¥23.4m | −CN¥8.7m | −CN¥19.0m |
| Free cash flow | CN¥71.9m | CN¥35.4m | −CN¥88.4m | −CN¥52.9m | −CN¥94.9m | −CN¥132.1m | −CN¥24.3m | CN¥25.2m | CN¥78.7m | CN¥63.3m |
| Dividends paid | −CN¥10.3m | −CN¥8.9m | −CN¥18.2m | −CN¥15.1m | −CN¥15.3m | −CN¥14.9m | −CN¥16.4m | −CN¥26.6m | −CN¥15.2m | −CN¥11.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥174.5m | CN¥134.8m | CN¥197.5m | CN¥169.4m | CN¥144.5m | CN¥104.7m | CN¥161.2m | CN¥177.9m |
| Gross profit | CN¥74.1m | CN¥53.5m | CN¥75.7m | CN¥73.3m | CN¥59.3m | CN¥46.7m | CN¥63.1m | CN¥63.6m |
| Operating income | CN¥19.3m | CN¥9.9m | CN¥15.8m | CN¥22.0m | CN¥9.4m | CN¥3.5m | CN¥8.0m | CN¥12.9m |
| Net income | CN¥9.6m | CN¥5.6m | CN¥348,479 | CN¥18.2m | CN¥8.5m | CN¥2.1m | CN¥1.8m | CN¥13.1m |
| Diluted earnings per share | 0.05 | 0.03 | 0.00 | 0.10 | 0.05 | 0.01 | 0.01 | 0.07 |
| Cash from operations | — | — | — | CN¥68.0m | CN¥38.0m | −CN¥20.0m | CN¥54.0m | CN¥43.0m |
| Capital spending | −CN¥19.0m | −CN¥54.0m | −CN¥27.0m | −CN¥30.0m | −CN¥7.0m | −CN¥1.0m | −CN¥12.0m | −CN¥15.0m |
| Free cash flow | — | — | — | CN¥38.0m | CN¥31.0m | −CN¥21.0m | CN¥42.0m | CN¥28.0m |
| Total assets | CN¥1.99bn | CN¥2.02bn | CN¥2.05bn | CN¥2.11bn | CN¥2.04bn | CN¥1.62bn | CN¥1.62bn | CN¥1.63bn |
| Cash and short-term investments | — | — | — | CN¥701.7m | CN¥661.6m | CN¥583.8m | CN¥588.0m | CN¥542.5m |
| Debt | CN¥59.8m | CN¥54.8m | CN¥33.0m | CN¥143.3m | CN¥70.0m | CN¥35.0m | — | — |
| Shareholders' equity | CN¥1.33bn | CN¥1.33bn | CN¥1.32bn | CN¥1.32bn | CN¥1.30bn | CN¥1.30bn | CN¥1.29bn | CN¥1.28bn |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 41.4% | 39.4% | 39.7% | 39.5% | 42.0% | 48.6% | — | — |
| Operating margin | 6.3% | 4.5% | 2.3% | 4.7% | 7.8% | 10.3% | — | — |
| Net margin | 4.7% | 3.8% | 2.2% | 4.5% | 7.4% | 9.1% | — | — |
| Return on equity | 2.2% | 1.7% | 0.9% | 2.2% | 3.9% | 4.5% | — | — |
| Return on assets | 1.4% | 1.3% | 0.7% | 1.6% | 3.1% | 3.6% | — | — |
| Free cash flow yield | 6.2% | 5.4% | 2.6% | 6.2% | 2.8% | 6.4% | — | — |
| Revenue growth | 9.3% | 10.7% | 6.3% | -7.6% | 9.2% | 23.3% | — | — |
| Earnings growth | 35.7% | 89.9% | -47.6% | -43.9% | -11.6% | -30.4% | — | — |
| Current ratio | 2.20x | 4.16x | 4.74x | 3.03x | 4.06x | 4.18x | — | — |
| Debt to equity | 0.02x | 0.02x | — | 0.00x | — | — | — | — |
| Equity ratio | 64.5% | 79.6% | 80.6% | 73.9% | 79.2% | 80.5% | — | — |
| Interest coverage | 7.05x | 53.56x | 39.25x | 3321.04x | — | — | 243.41x | 83.97x |
| R&D as a share of sales | 7.4% | 10.1% | 11.7% | 11.5% | 12.4% | 11.6% | — | — |
| Buybacks as a share of market value | -4.4% | 29.1% | -65.6% | -5.2% | 9.7% | -4.9% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.7% | 5.3% | 7.1% |
| Operating income | 106.8% | 9.4% | -3.1% |
| Net income | 10.5% | -7.7% | -9.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.4% | 40.0% | 41.6% | 46.1% |
| Operating margin | 7.0% | 4.4% | 5.0% | 11.0% |
| Net margin | 4.3% | 3.8% | 5.2% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 147.9 | 157.8 | 354.0 | 80.1 | 46.9 | 54.2 | 36.7 | 26.1 | 37.5 |
| Price to sales | 7.0 | 6.0 | 7.9 | 3.6 | 3.5 | 5.0 | 6.0 | 5.2 | 8.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 9 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.05 | 0.05 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 |
- 7-for-5 split · 16 May 2018
- 7-for-5 split · 14 Jun 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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