002064.SHE Zhejiang Huafon Spandex Co Ltd
- Market cap
- CNY 43.7B
- P/E
- 12.4x
- P/B
- 1.47x
- ROE
- 14.2%
- Dividend yield
- 2.27%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002064.SHE undervalued?
Graham number002064.SHE trades 10.0% 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?
Zhejiang Huafon Spandex Co Ltd fundamental analysis
No fundamental analysis for Zhejiang Huafon Spandex Co Ltd yet.
Zhejiang Huafon Spandex Co Ltd stock price
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About Zhejiang Huafon Spandex Co Ltd
Huafon Chemical Co.,Ltd engages in the research and development, production, and sale of polyurethane product materials in China and internationally. The company offers Qianxi spandex yarn, a PU elastic fiber for use in the fields of underwear, swimming suits, socks, jeans, leisure sportswear, medical bandage, fabric ribbon, diapers, etc.; and differentiated spandex, including recycled, anti-bacterial, high elastic black, super chlorine-resistant, acid dyeable, anti-ladder, …
Full company profileZhejiang Huafon Spandex 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.
Zhejiang Huafon Spandex 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 | 2.84B | 4.15B | 15.1B | 13.8B | 14.7B | 28.4B | 25.9B | 26.3B | 26.9B | 24.2B | 29.1B |
| Gross Profit | 497M | 855M | 3.55B | 3.30B | 3.65B | 11.0B | 4.55B | 4.03B | 3.72B | 3.07B | 6.30B |
| Operating Income | -296M | 421M | 2.20B | 2.13B | 2.64B | 9.25B | 3.20B | 2.77B | 2.56B | 1.93B | 4.93B |
| EBITDA | 372M | 772M | 2.88B | 2.70B | 3.44B | 10.1B | 3.81B | 3.69B | 3.82B | 3.46B | 4.75B |
| Net Income | -304M | 385M | 1.94B | 1.84B | 2.28B | 7.94B | 2.84B | 2.48B | 2.22B | 1.86B | 4.14B |
| EPS | -0.18 | 0.23 | 1.22 | 0.43 | 0.49 | 1.71 | 0.58 | 0.50 | 0.45 | 0.37 | 0.83 |
| Balance Sheet | |||||||||||
| Total Assets | 5.39B | 5.56B | 14.6B | 17.0B | 19.7B | 29.2B | 32.8B | 35.5B | 36.0B | 36.9B | 38.4B |
| Total Liabilities | 2.37B | 2.16B | 7.39B | 9.21B | 8.10B | 10.2B | 9.61B | 10.6B | 9.41B | 8.60B | 9.25B |
| Shareholders' Equity | 3.02B | 3.40B | 7.19B | 7.76B | 11.6B | 19.0B | 23.1B | 24.9B | 26.5B | 27.3B | 29.2B |
| Cash & Short-term Investments | 336M | 229M | 1.72B | 2.23B | 4.52B | 7.69B | 10.6B | 10.2B | 8.40B | 10.5B | 6.04B |
| Total Debt | 1.08B | 873M | 3.14B | 3.13B | 2.97B | 2.44B | 3.81B | 3.02B | 2.80B | 5.97B | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 615M | 356M | 1.63B | 2.85B | 4.21B | 6.13B | 2.57B | 2.47B | 3.02B | 3.75B | - |
| Capital Expenditure | 371M | 89.2M | 175M | 2.11B | 1.58B | 2.11B | 2.61B | 1.72B | 1.29B | 1.72B | 1.21B |
| Free Cash Flow | 243M | 266M | 688M | 743M | 2.63B | 4.02B | -36.7M | 752M | 1.73B | 2.04B | 1.49B |
| Ratios | |||||||||||
| ROE | -10.1% | 11.3% | 26.9% | 23.7% | 19.7% | 41.8% | 12.3% | 9.9% | 8.4% | 6.8% | 14.2% |
| ROA | -5.6% | 6.9% | 13.3% | 10.8% | 11.6% | 27.2% | 8.7% | 7.0% | 6.2% | 5.0% | 10.8% |
| Net Profit Margin | -10.7% | 9.3% | 12.8% | 13.4% | 15.5% | 28.0% | 11.0% | 9.4% | 8.2% | 7.7% | 14.2% |
| Debt to Equity | 0.36x | 0.26x | 0.44x | 0.40x | 0.26x | 0.13x | 0.16x | 0.12x | 0.11x | 0.22x | - |
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.
Zhejiang Huafon Spandex Co Ltd dividends
- Dividend yield
- 2.27%
- Forward dividend
- 0.25 CNY
- Payout ratio
- 53.4%
- Ex-dividend date
- Oct 16, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 993M | 0.20 | 53.4% |
| 2024 | CNY 816M | 0.17 | 36.8% |
| 2023 | CNY 857M | 0.17 | 34.6% |
| 2022 | CNY 1.59B | 0.32 | 55.8% |
| 2021 | CNY 548M | 0.12 | 6.9% |
| 2020 | CNY 232M | 0.05 | 10.2% |
| 2019 | CNY 50.3M | 0.01 | 2.7% |
| 2018 | CNY 1.49B | 0.94 | 76.8% |
| 2017 | CNY 58.6M | 0.03 | 15.2% |
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: 20:10 on Jun 1, 2015.
Who owns Zhejiang Huafon Spandex Co Ltd
- Insiders 66.07%
- Institutions 8.97%
- Public & others 24.96%
- Shares outstanding 4.96B
- Free float 1.67B
Zhejiang Huafon Spandex Co Ltd company profile
- Company name
- Zhejiang Huafon Spandex Co Ltd
- Ticker
- 002064.SHE
- ISIN
- CNE000001NK6
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Aug 23, 2006
- Sector
- Basic Materials
- Industry
- Chemicals
- Employees
- 8,658
- Fiscal year end
- December
- Address
- No. 1788, Development Road, Wenzhou, China, 325200
- Phone
- 86 577 6515 9999
- Website
- spandex.com.cn
About Zhejiang Huafon Spandex Co Ltd
Huafon Chemical Co.,Ltd engages in the research and development, production, and sale of polyurethane product materials in China and internationally. The company offers Qianxi spandex yarn, a PU elastic fiber for use in the fields of underwear, swimming suits, socks, jeans, leisure sportswear, medical bandage, fabric ribbon, diapers, etc.; and differentiated spandex, including recycled, anti-bacterial, high elastic black, super chlorine-resistant, acid dyeable, anti-ladder, high uniformity, color, and high elastic temperature-resistant spandex, as well as spandex for warp-knitting, narrow fabric, and hygiene products. It also provides developing products, such as fragrant, degradable, thermal, biobased, hygroscopic, and eco-setting spandex. In addition, it offers adipic acid and polyurethane stock solutions. The company was formerly known as Zhejiang Huafeng Spandex Co., Ltd. and changed its name to Huafon Chemical Co.,Ltd in January 2021. Huafon Chemical Co.,Ltd was founded in 1999 and is headquartered in Wenzhou, China.
Zhejiang Huafon Spandex Co Ltd management
7- Mr. Xuanxiang ZhuGM & Director · born 1974
- Ms. Jie SunFinancial Director & Accounting Supervisor · born 1984
- Mr. Zhili YuExecutive Vice President · born 1972
- Ms. Yilun LiBoard Secretary · born 1983
- Mr. Ning XuDeputy General Manager · born 1971
- Mr. Suojun ZhangDeputy General Manager · born 1978
- Mr. Xiaoyin YangDeputy General Manager · born 1975