002048.SHE Ningbo Huaxiang Electronic Co Ltd
- Market cap
- CNY 13.9B
- P/E
- 11.0x
- P/B
- 1.19x
- ROE
- 10.5%
- Dividend yield
- 3.07%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002048.SHE undervalued?
Graham number002048.SHE trades 23.9% below its Graham number.
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Ningbo Huaxiang Electronic Co Ltd fundamental analysis
No fundamental analysis for Ningbo Huaxiang Electronic Co Ltd yet.
Ningbo Huaxiang Electronic Co Ltd stock price
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About Ningbo Huaxiang Electronic Co Ltd
Ningbo Huaxiang Electronic Co., Ltd. designs, develops, produces, and sells automotive parts in the People's Republic of China and internationally. The company offers automotive interior and exterior trim, including dashboards, door panels, center consoles, headliners, carpets, trim strips, and rearview mirror modules; body metal parts comprising body structural components and battery box housings; and electronic and electrical accessories, such as wiring harness protection …
Full company profileNingbo Huaxiang Electronic Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 3 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Ningbo Huaxiang Electronic Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 12.5B | 14.8B | 14.9B | 17.1B | 16.9B | 17.6B | 19.7B | 23.3B | 26.3B | 26.2B | 20.3B |
| Gross Profit | 2.58B | 3.02B | 2.87B | 3.35B | 3.10B | 3.30B | 3.27B | 3.73B | 4.15B | 4.27B | 3.23B |
| Operating Income | 1.24B | 1.44B | 1.20B | 1.48B | 1.30B | 1.68B | 1.48B | 1.72B | 1.56B | 2.16B | 1.32B |
| EBITDA | 1.79B | 1.99B | 1.80B | 2.16B | 1.96B | 2.36B | 2.22B | 2.55B | 2.52B | 2.32B | 1.82B |
| Net Income | 714M | 798M | 732M | 981M | 849M | 1.27B | 985M | 1.03B | 953M | 418M | 1.25B |
| EPS | 1.35 | 1.51 | 1.17 | 1.57 | 1.36 | 2.02 | 1.21 | 1.27 | 1.17 | 0.51 | 1.54 |
| Balance Sheet | |||||||||||
| Total Assets | 13.5B | 16.2B | 16.3B | 17.1B | 19.3B | 21.8B | 23.1B | 27.2B | 29.2B | 27.2B | 25.6B |
| Total Liabilities | 7.41B | 7.31B | 6.92B | 6.63B | 7.59B | 9.64B | 10.4B | 13.4B | 16.2B | 14.3B | 12.3B |
| Shareholders' Equity | 5.18B | 7.82B | 8.11B | 9.15B | 10.3B | 10.9B | 11.1B | 12.2B | 11.5B | 11.5B | 11.9B |
| Cash & Short-term Investments | 1.40B | 3.40B | 1.83B | 1.83B | 3.28B | 4.10B | 3.20B | 3.47B | 2.84B | 2.62B | 1.81B |
| Total Debt | 1.99B | 2.59B | 1.52B | 764M | 717M | 1.90B | 1.10B | 1.29B | 1.68B | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 1.43B | 1.40B | 1.23B | 2.01B | 2.87B | 2.26B | 1.79B | 3.04B | 2.31B | 2.65B | - |
| Capital Expenditure | 726M | 1.14B | 1.53B | 735M | 765M | 929M | 1.37B | 2.24B | 1.55B | 1.23B | 1.02B |
| Free Cash Flow | 707M | 260M | -297M | 1.27B | 2.10B | 1.34B | 429M | 780M | 763M | 1.43B | 133M |
| Ratios | |||||||||||
| ROE | 13.8% | 10.2% | 9.0% | 10.7% | 8.2% | 11.7% | 8.9% | 8.4% | 8.3% | 3.6% | 10.5% |
| ROA | 5.3% | 4.9% | 4.5% | 5.7% | 4.4% | 5.8% | 4.3% | 3.8% | 3.3% | 1.5% | 4.9% |
| Net Profit Margin | 5.7% | 5.4% | 4.9% | 5.7% | 5.0% | 7.2% | 5.0% | 4.4% | 3.6% | 1.6% | 6.2% |
| Debt to Equity | 0.38x | 0.33x | 0.19x | 0.08x | 0.07x | 0.18x | 0.10x | 0.11x | 0.15x | - | - |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Ningbo Huaxiang Electronic Co Ltd dividends
- Dividend yield
- 3.07%
- Forward dividend
- 0.26 CNY
- Payout ratio
- 102.0%
- Ex-dividend date
- May 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 427M | 0.52 | 102.0% |
| 2024 | CNY 818M | 1.00 | 85.9% |
| 2023 | CNY 484M | 0.60 | 47.0% |
| 2022 | CNY 271M | 0.33 | 27.5% |
| 2021 | CNY 2.40B | 3.83 | 189.6% |
| 2020 | CNY 100M | 0.16 | 11.8% |
| 2019 | CNY 93.9M | 0.15 | 9.6% |
| 2018 | CNY 151M | 0.24 | 20.6% |
| 2017 | CNY 469M | 0.89 | 58.8% |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1.8:1 on Apr 14, 2008.
Who owns Ningbo Huaxiang Electronic Co Ltd
- Insiders 50.44%
- Institutions 3.63%
- Public & others 45.94%
- Shares outstanding 812M
- Free float 427M
Ningbo Huaxiang Electronic Co Ltd company profile
- Company name
- Ningbo Huaxiang Electronic Co Ltd
- Ticker
- 002048.SHE
- ISIN
- CNE000001M06
- Exchange
- Shenzhen Stock Exchange
- Listed since
- May 19, 2005
- Sector
- Consumer Cyclical
- Industry
- Automobile Components
- Employees
- 22,221
- Fiscal year end
- December
- Address
- Oriental Financial Plaza, Shanghai, China, 200122
- Phone
- 86 21 6894 9998
- Website
- nbhx.com.cn
About Ningbo Huaxiang Electronic Co Ltd
Ningbo Huaxiang Electronic Co., Ltd. designs, develops, produces, and sells automotive parts in the People's Republic of China and internationally. The company offers automotive interior and exterior trim, including dashboards, door panels, center consoles, headliners, carpets, trim strips, and rearview mirror modules; body metal parts comprising body structural components and battery box housings; and electronic and electrical accessories, such as wiring harness protection systems, high-voltage protection plastic components, and energy storage module plastic parts. It serves traditional OEM automakers and intelligent electric vehicle manufacturers. Ningbo Huaxiang Electronic Co., Ltd. was incorporated in 2001 and is based in Shanghai, the People's Republic of China.
Ningbo Huaxiang Electronic Co Ltd management
5- Mr. Xiaofeng ZhouGM & Chairman · born 1969
- Ms. Jie MaFinance Director · born 1979
- Mr. Yuanda ZhangBoard Secretary · born 1983
- Danhong ZhouAccounting Officer
- Ms. Na LiDeputy General Manager · born 1982