Stock 301008 ZHEJIANG HONGCHANG ELECTRICAL TECHNOLOGY CO., LTD.
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Financials Zhejiang Hongchang Electrical Technology Co., Ltd.

Equities

301008

CNE100004LK3

Industrial Machinery & 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
26.91 CNY +4.34% Intraday chart for Zhejiang Hongchang Electrical Technology Co., Ltd. +6.24% -10.86%
Apr. 28 Zhejiang Hongchang Electrical Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
Apr. 01 Tranche Update on Zhejiang Hongchang Electrical Technology Co., Ltd.'s Equity Buyback Plan announced on February 8, 2024. CI

Valuation

Fiscal Period: December 2021 2022 2023
Capitalization 1 2,884 1,858 2,415
Enterprise Value (EV) 1 2,373 1,466 2,415
P/E ratio 37 x 27.7 x 28.5 x
Yield 1.39% 1.72% -
Capitalization / Revenue 3.76 x 2.25 x 2.73 x
EV / Revenue 3.09 x 1.77 x 2.73 x
EV / EBITDA 28.8 x 17.1 x 18.7 x
EV / FCF -69.2 x -9.51 x -
FCF Yield -1.45% -10.5% -
Price to Book 3.01 x 1.81 x -
Nbr of stocks (in thousands) 80,000 80,000 80,000
Reference price 2 36.05 23.23 30.19
Announcement Date 3/30/22 3/30/23 4/28/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 385.1 506.1 577 767.8 826.4 884.5
EBITDA 1 54.92 103.4 121.7 82.53 85.53 129.4
EBIT 1 38.93 83.87 100.2 57.54 54.24 93.17
Operating Margin 10.11% 16.57% 17.36% 7.49% 6.56% 10.53%
Earnings before Tax (EBT) 1 31.7 78.22 93.28 73.2 71.64 95.63
Net income 1 25.13 68.51 81.91 68.04 67.26 85.91
Net margin 6.53% 13.54% 14.2% 8.86% 8.14% 9.71%
EPS - 1.142 1.365 0.9750 0.8400 1.060
Free Cash Flow 1 0.1228 13.73 -6.133 -34.31 -154.1 -
FCF margin 0.03% 2.71% -1.06% -4.47% -18.65% -
FCF Conversion (EBITDA) 0.22% 13.28% - - - -
FCF Conversion (Net income) 0.49% 20.04% - - - -
Dividend per Share - - - 0.5000 0.4000 -
Announcement Date 7/15/20 7/15/20 5/25/21 3/30/22 3/30/23 4/28/24
1CNY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 40.9 12.3 110 - - -
Net Cash position 1 - - - 511 392 -
Leverage (Debt/EBITDA) 0.7444 x 0.1188 x 0.9006 x - - -
Free Cash Flow 1 0.12 13.7 -6.13 -34.3 -154 -
ROE (net income / shareholders' equity) 11.3% 24.5% 23.5% 10.1% 6.75% -
ROA (Net income/ Total Assets) 5.22% 9.89% 9.71% 3.47% 2.35% -
Assets 1 481.2 692.5 843.3 1,959 2,860 -
Book Value Per Share - 5.250 6.370 12.00 12.80 -
Cash Flow per Share - 0.4800 0.7800 5.500 4.790 -
Capex 1 22.7 22.9 27.9 73.2 109 149
Capex / Sales 5.89% 4.53% 4.84% 9.53% 13.14% 16.82%
Announcement Date 7/15/20 7/15/20 5/25/21 3/30/22 3/30/23 4/28/24
1CNY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Industrial Valve Manufacturing

1st Jan change Capi.
ZHEJIANG HONGCHANG ELECTRICAL TECHNOLOGY CO., LTD. Stock Zhejiang Hongchang Electrical Technology Co., Ltd.
-10.86% 297M
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NEWAY VALVE (SUZHOU) CO., LTD. Stock Neway Valve (Suzhou) Co., Ltd.
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JIANGSU SHENTONG VALVE CO., LTD. Stock Jiangsu Shentong Valve Co., Ltd.
+9.62% 919M
KITZ CORPORATION Stock KITZ Corporation
+9.54% 765M
OMEGA FLEX, INC. Stock Omega Flex, Inc.
-5.26% 669M
Industrial Valve Manufacturing
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