Stock 301222 ZHEJIANG HENGWEI BATTERY CO., LTD.
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Financials Zhejiang Hengwei Battery Co., Ltd.

Equities

301222

CNE1000058P6

Electrical Components & Equipment

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-04-29 pm EDT 		5-day change 1st Jan Change
24.12 CNY -1.87% Intraday chart for Zhejiang Hengwei Battery Co., Ltd. +16.02% -18.87%
Apr. 26 Zhejiang Hengwei Battery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 03 Tranche Update on Zhejiang Hengwei Battery Co., Ltd.'s Equity Buyback Plan announced on February 19, 2024. CI

Valuation

Fiscal Period: December 2022 2023
Capitalization 1 2,556 3,013
Enterprise Value (EV) 1 1,513 1,982
P/E ratio 19.5 x 24.8 x
Yield 1.98% -
Capitalization / Revenue 4.4 x 5.12 x
EV / Revenue 2.61 x 3.37 x
EV / EBITDA 13.3 x 15.2 x
EV / FCF 21 x -174 x
FCF Yield 4.76% -0.57%
Price to Book 2.03 x 2.28 x
Nbr of stocks (in thousands) 101,333 101,333
Reference price 2 25.22 29.73
Announcement Date 4/3/23 4/26/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 316.4 322 485.7 546.9 580.3 588.1
EBITDA 1 66.92 71.59 121.8 104.8 113.3 130.3
EBIT 1 60.42 64.89 114.4 97.42 103.1 120.1
Operating Margin 19.1% 20.15% 23.55% 17.81% 17.77% 20.41%
Earnings before Tax (EBT) 1 67.92 75.18 110.9 102 140.8 140.3
Net income 1 59.39 64.85 95.84 89.67 122.7 121.7
Net margin 18.77% 20.14% 19.73% 16.4% 21.15% 20.69%
EPS 2 0.7900 0.8600 1.270 1.180 1.292 1.200
Free Cash Flow 1 32.08 26.92 26.86 7.89 72.07 -11.38
FCF margin 10.14% 8.36% 5.53% 1.44% 12.42% -1.94%
FCF Conversion (EBITDA) 47.94% 37.6% 22.06% 7.53% 63.59% -
FCF Conversion (Net income) 54.02% 41.52% 28.03% 8.8% 58.72% -
Dividend per Share - - - - 0.5000 -
Announcement Date 12/29/20 12/29/20 2/17/22 2/17/22 4/3/23 4/26/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 157 158 160 214 1,043 1,030
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 32.1 26.9 26.9 7.89 72.1 -11.4
ROE (net income / shareholders' equity) 21.8% 21.8% 29.3% 22.7% 14.4% 9.39%
ROA (Net income/ Total Assets) 12.2% 11.9% 18.5% 13.3% 7.05% 5.49%
Assets 1 487.3 545.8 517.4 672.5 1,740 2,215
Book Value Per Share 2 3.870 4.050 4.620 5.790 12.40 13.00
Cash Flow per Share 2 2.090 1.630 2.090 2.810 8.320 9.610
Capex 1 10.1 21.6 33.3 11.1 6.05 99
Capex / Sales 3.19% 6.72% 6.86% 2.04% 1.04% 16.83%
Announcement Date 12/29/20 12/29/20 2/17/22 2/17/22 4/3/23 4/26/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Batteries & Uninterruptable Power Supplies

1st Jan change Capi.
ZHEJIANG HENGWEI BATTERY CO., LTD. Stock Zhejiang Hengwei Battery Co., Ltd.
-18.87% 338M
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+24.10% 123B
LG ENERGY SOLUTION, LTD. Stock LG Energy Solution, Ltd.
-9.01% 65.78B
SAMSUNG SDI CO., LTD. Stock Samsung SDI Co., Ltd.
-8.05% 20.78B
TDK CORPORATION Stock TDK Corporation
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ECOPRO BM. CO., LTD. Stock Ecopro BM. Co., Ltd.
-17.19% 16.83B
EVE ENERGY CO., LTD. Stock EVE Energy Co., Ltd.
-12.39% 10.42B
GOTION HIGH-TECH CO.,LTD. Stock Gotion High-Tech Co.,Ltd.
-12.74% 4.62B
VOLTRONIC POWER TECHNOLOGY CORP. Stock Voltronic Power Technology Corp.
-9.36% 4.18B
SUNWODA ELECTRONIC CO.,LTD Stock Sunwoda Electronic Co.,Ltd
+3.05% 3.88B
Batteries & Uninterruptable Power Supplies
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