002270.SHE Huaming Power Equipment Co Ltd
- Market cap
- CNY 17.2B
- P/E
- 22.6x
- P/B
- 4.84x
- ROE
- 24.2%
- Dividend yield
- 3.56%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002270.SHE undervalued?
Graham number002270.SHE trades 120.4% above 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?
Huaming Power Equipment Co Ltd fundamental analysis
No fundamental analysis for Huaming Power Equipment Co Ltd yet.
Huaming Power Equipment Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Huaming Power Equipment Co Ltd
Huaming Power Equipment Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of on-load tap changers in China and internationally. It offers embedded vacuum, embedded oil-cooled arc-extinguishing, gas-insulated, external, and dry-type on-load tap changers, as well as on-load tap changer oil filter, non-excitation tap changer, electric mechanism, and controller. The company also provides steel structure, iron tower, sheet metal, …
Full company profileHuaming Power Equipment 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.
Huaming Power Equipment 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 | 1.04B | 1.81B | 1.16B | 1.20B | 1.37B | 1.53B | 1.71B | 1.96B | 2.32B | 2.43B | 2.67B |
| Gross Profit | 496M | 655M | 504M | 598M | 640M | 741M | 841M | 1.02B | 1.13B | 1.32B | 1.50B |
| Operating Income | 263M | 367M | 163M | 163M | 347M | 512M | 407M | 622M | 696M | 834M | 954M |
| EBITDA | 318M | 426M | 280M | 283M | 476M | 633M | 510M | 733M | 818M | 938M | 992M |
| Net Income | 237M | 306M | 164M | 151M | 287M | 417M | 359M | 542M | 614M | 710M | 825M |
| EPS | 0.31 | 0.40 | 0.22 | 0.20 | 0.38 | 0.55 | 0.42 | 0.61 | 0.69 | 0.79 | 0.92 |
| Balance Sheet | |||||||||||
| Total Assets | 2.28B | 3.17B | 4.06B | 3.84B | 4.36B | 4.10B | 4.46B | 4.52B | 4.46B | 5.21B | 5.32B |
| Total Liabilities | 397M | 992M | 1.70B | 1.43B | 1.74B | 1.25B | 1.12B | 1.16B | 1.28B | 2.04B | 1.88B |
| Shareholders' Equity | 1.87B | 2.18B | 2.29B | 2.40B | 2.61B | 2.85B | 3.33B | 3.35B | 3.17B | 3.14B | 3.41B |
| Cash & Short-term Investments | 414M | 538M | 581M | 447M | 639M | 772M | 1.18B | 1.11B | 1.16B | 1.29B | 1.11B |
| Total Debt | 56.3M | 431M | 1.04B | 980M | 992M | 670M | 420M | 314M | 351M | 949M | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | -131M | -259M | 434M | 185M | 412M | 282M | 496M | 622M | 889M | 604M | - |
| Capital Expenditure | 20.0M | 32.9M | 63.7M | 86.7M | 143M | 108M | 68.9M | 63.0M | 114M | 112M | 80.7M |
| Free Cash Flow | -151M | -292M | 370M | 98.4M | 269M | 173M | 427M | 559M | 776M | 492M | 653M |
| Ratios | |||||||||||
| ROE | 12.7% | 14.1% | 7.2% | 6.3% | 11.0% | 14.6% | 10.8% | 16.2% | 19.4% | 22.6% | 24.2% |
| ROA | 10.4% | 9.7% | 4.0% | 3.9% | 6.6% | 10.2% | 8.1% | 12.0% | 13.8% | 13.6% | 15.5% |
| Net Profit Margin | 22.9% | 16.9% | 14.1% | 12.6% | 21.0% | 27.2% | 21.0% | 27.7% | 26.5% | 29.2% | 30.8% |
| Debt to Equity | 0.03x | 0.20x | 0.46x | 0.41x | 0.38x | 0.24x | 0.13x | 0.09x | 0.11x | 0.30x | - |
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.
Huaming Power Equipment Co Ltd dividends
- Dividend yield
- 3.56%
- Forward dividend
- 0.67 CNY
- Payout ratio
- 86.3%
- Ex-dividend date
- Oct 15, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 613M | 0.68 | 86.3% |
| 2024 | CNY 744M | 0.84 | 121.1% |
| 2023 | CNY 522M | 0.59 | 96.2% |
| 2022 | CNY 376M | 0.44 | 104.6% |
| 2021 | CNY 142M | 0.19 | 34.0% |
| 2020 | CNY 128M | 0.17 | 44.6% |
| 2019 | CNY 92.9M | 0.12 | 61.5% |
| 2018 | CNY 85.3M | 0.11 | 52.0% |
| 2017 | CNY 12.8M | 0.02 | 4.2% |
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: 1.5:1 on Jun 29, 2018.
Who owns Huaming Power Equipment Co Ltd
- Insiders 52.57%
- Institutions 8.46%
- Public & others 38.97%
- Shares outstanding 896M
- Free float 432M
Huaming Power Equipment Co Ltd company profile
- Company name
- Huaming Power Equipment Co Ltd
- Ticker
- 002270.SHE
- ISIN
- CNE100000CR5
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Sep 5, 2008
- Sector
- Industrials
- Industry
- Machinery
- Employees
- 1,796
- Fiscal year end
- December
- Address
- No.977 Tongpu Road, Shanghai, China, 200333
- Phone
- 86 80 0820 8231
- Website
- intl-huaming.com
About Huaming Power Equipment Co Ltd
Huaming Power Equipment Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of on-load tap changers in China and internationally. It offers embedded vacuum, embedded oil-cooled arc-extinguishing, gas-insulated, external, and dry-type on-load tap changers, as well as on-load tap changer oil filter, non-excitation tap changer, electric mechanism, and controller. The company also provides steel structure, iron tower, sheet metal, and automotive industry processing equipment, as well as environmental protection boiler flue gas deep purification equipment. In addition, it engages in electrical equipment production; power engineering construction; power equipment maintenance; power distribution and sales project development and operation management; photovoltaic power generation; technical service; business management; and power project investment. The company was founded in 1989 is headquartered in Shanghai, China.
Huaming Power Equipment Co Ltd management
3- Ms. Jianqin YangGM & Non-Independent Director · born 1974
- Mr. Chunli LeiFinancial Director · born 1979
- Mr. Qiang ZhuDeputy General Manager · born 1982