H 
Hangzhou Huaguang Advanced Welding Materials Co 688379.SS · CNY
Materials · Shanghai · 🇨🇳 China
39.99
+0.48%
Close of 9 Nov 2026, in CNY
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥2.56bn
FY2016FY2025
Net income
CN¥191.6m
FY2016FY2025
Free cash flow
−CN¥222.8m
FY2016FY2025
Shareholders' equity
CN¥1.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥2.56bn | CN¥1.92bn | CN¥1.42bn | CN¥1.22bn | CN¥1.21bn | CN¥860.3m | CN¥767.4m | CN¥670.1m | CN¥622.4m | CN¥477.1m |
| Gross profit | CN¥210.8m | CN¥258.2m | CN¥176.7m | CN¥114.2m | CN¥161.4m | CN¥151.8m | CN¥151.5m | CN¥125.5m | CN¥115.1m | CN¥93.0m |
| Research and development | CN¥85.3m | CN¥74.3m | CN¥53.0m | CN¥44.6m | CN¥45.7m | CN¥36.0m | CN¥35.2m | CN¥24.0m | CN¥23.0m | CN¥20.2m |
| Operating income | CN¥210.8m | CN¥85.3m | CN¥41.7m | CN¥22.0m | CN¥47.7m | CN¥83.6m | CN¥65.8m | CN¥54.6m | CN¥45.9m | CN¥30.4m |
| Net income | CN¥191.6m | CN¥80.6m | CN¥41.6m | CN¥8.7m | CN¥45.2m | CN¥64.7m | CN¥59.3m | CN¥49.4m | CN¥41.3m | CN¥31.7m |
| Diluted earnings per share | 2.22 | 0.93 | 0.48 | 0.10 | 0.49 | 0.74 | 0.90 | 0.76 | 0.48 | 0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥2.96bn | CN¥2.37bn | CN¥1.95bn | CN¥1.69bn | CN¥1.53bn | CN¥1.21bn | CN¥802.3m | CN¥731.5m | CN¥641.0m | CN¥545.7m |
| Cash and short-term investments | — | CN¥194.9m | CN¥201.2m | CN¥170.9m | CN¥166.8m | CN¥224.4m | CN¥107.4m | CN¥91.8m | CN¥87.3m | CN¥47.8m |
| Total liabilities | CN¥1.79bn | CN¥1.38bn | CN¥1.01bn | CN¥791.1m | CN¥616.8m | CN¥319.4m | CN¥295.1m | CN¥283.6m | CN¥222.5m | CN¥215.7m |
| Debt | CN¥103.5m | CN¥704.4m | CN¥608.8m | CN¥536.8m | CN¥387.8m | CN¥200.5m | CN¥192.0m | CN¥176.4m | CN¥177.1m | CN¥178.9m |
| Shareholders' equity | CN¥1.17bn | CN¥996.2m | CN¥936.4m | CN¥896.5m | CN¥917.2m | CN¥891.0m | CN¥507.2m | CN¥447.9m | CN¥418.5m | CN¥329.9m |
| Shares outstanding | 86m | 87m | 86m | 88m | 93m | 87m | 66m | 65m | 86m | 58m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥85.0m | −CN¥255.2m | −CN¥204.1m | −CN¥337.2m | −CN¥485.8m | −CN¥335.2m | −CN¥150.1m | −CN¥188.4m | −CN¥87.2m | −CN¥77.4m |
| Capital spending | −CN¥137.8m | −CN¥60.1m | −CN¥42.3m | −CN¥101.9m | −CN¥68.2m | −CN¥10.1m | −CN¥46.8m | −CN¥9.0m | −CN¥4.7m | −CN¥11.4m |
| Free cash flow | −CN¥222.8m | −CN¥315.3m | −CN¥246.4m | −CN¥439.1m | −CN¥554.0m | −CN¥345.4m | −CN¥197.0m | −CN¥197.4m | −CN¥92.0m | −CN¥88.9m |
| Dividends paid | −CN¥67.0m | −CN¥40.1m | −CN¥23.4m | −CN¥13.7m | −CN¥20.0m | −CN¥10.0m | −CN¥8.4m | −CN¥27.9m | −CN¥8.6m | −CN¥8.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥1.23bn | CN¥1.08bn | CN¥729.9m | CN¥619.5m | CN¥620.3m | CN¥585.9m | CN¥546.6m | CN¥503.6m |
| Gross profit | CN¥138.9m | CN¥130.3m | −CN¥12.6m | CN¥94.5m | CN¥66.6m | CN¥62.3m | CN¥51.3m | CN¥78.3m |
| Operating income | CN¥75.8m | CN¥81.0m | CN¥37.0m | CN¥32.6m | CN¥30.3m | CN¥110.9m | CN¥9.5m | CN¥45.2m |
| Net income | CN¥54.7m | CN¥37.1m | CN¥33.7m | CN¥34.7m | CN¥27.8m | CN¥95.4m | CN¥2.0m | CN¥33.7m |
| Diluted earnings per share | 0.63 | 0.43 | 0.39 | 0.40 | 0.32 | 1.11 | 0.02 | 0.39 |
| Cash from operations | — | — | — | −CN¥15.0m | −CN¥31.0m | −CN¥87.0m | CN¥92.0m | −CN¥206.0m |
| Capital spending | −CN¥7.0m | −CN¥25.0m | −CN¥80.0m | −CN¥25.0m | −CN¥14.0m | −CN¥18.0m | −CN¥16.0m | −CN¥6.0m |
| Free cash flow | — | — | — | −CN¥40.0m | −CN¥45.0m | −CN¥105.0m | CN¥76.0m | −CN¥212.0m |
| Total assets | CN¥4.22bn | CN¥3.95bn | CN¥2.96bn | CN¥2.77bn | CN¥2.60bn | CN¥2.70bn | CN¥2.37bn | CN¥2.32bn |
| Cash and short-term investments | — | — | — | CN¥206.5m | CN¥154.7m | CN¥342.6m | CN¥194.9m | CN¥113.7m |
| Debt | CN¥173.7m | CN¥25.0m | CN¥103.5m | CN¥1.17bn | CN¥761.1m | CN¥948.0m | CN¥704.4m | CN¥703.5m |
| Shareholders' equity | CN¥1.43bn | CN¥1.40bn | CN¥1.17bn | CN¥1.13bn | CN¥1.10bn | CN¥1.09bn | CN¥996.2m | CN¥985.7m |
Financial ratios
Data as of 18 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 8.2% | 13.5% | 12.5% | 9.4% | 13.3% | 17.6% |
| Operating margin | 8.2% | 6.4% | 5.0% | 2.0% | 5.4% | 9.8% |
| Net margin | 7.5% | 4.2% | 2.9% | 0.7% | 3.7% | 7.5% |
| Return on equity | 16.3% | 8.1% | 4.4% | 1.0% | 4.9% | 7.3% |
| Return on assets | 6.5% | 3.4% | 2.1% | 0.5% | 2.9% | 5.3% |
| Free cash flow yield | 1.4% | -5.2% | -4.3% | -6.1% | -10.3% | -8.6% |
| Revenue growth | 33.3% | 35.5% | 16.0% | 0.8% | 40.8% | 12.1% |
| Earnings growth | 137.7% | 93.8% | 377.2% | -80.7% | -30.1% | 9.0% |
| Current ratio | 1.32x | 1.43x | 1.91x | 1.93x | 2.26x | 3.28x |
| Debt to equity | 0.09x | 0.71x | 0.65x | 0.56x | 0.42x | 0.23x |
| Equity ratio | 39.6% | 42.0% | 48.0% | 53.1% | 59.8% | 73.6% |
| Interest coverage | 5.10x | 3.23x | 2.38x | 1.04x | 3.20x | 6.75x |
| R&D as a share of sales | 3.3% | 3.9% | 3.7% | 3.7% | 3.8% | 4.2% |
| Buybacks as a share of market value | 0.5% | -0.7% | 2.7% | 5.0% | -7.0% | -32.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 27.9% | 24.3% | 21.3% |
| Operating income | 112.4% | 20.3% | 29.5% |
| Net income | 180.1% | 24.3% | 27.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 10.5% | 10.7% | 11.7% | 13.5% |
| Operating margin | 6.6% | 5.1% | 5.3% | 5.8% |
| Net margin | 6.1% | 4.5% | 4.7% | 5.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 24.8 | 21.9 | 40.9 | 165.4 | 45.4 | 32.6 |
| Price to sales | 1.9 | 0.9 | 1.2 | 1.2 | 1.7 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 17 Oct 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 0.427 | 0.15 | 0.157 | 0.227 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.