002364.SHE Hangzhou Zhongheng Electric Co Ltd
- Market cap
- CNY 13.1B
- P/E
- 96.6x
- P/B
- 5.12x
- ROE
- 4.5%
- Dividend yield
- 0.22%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 2 quarters up to Sep 2026.
Is 002364.SHE undervalued?
Graham numberThe Graham number of Hangzhou Zhongheng Electric Co Ltd cannot be estimated reliably (the estimate is too far from the market price).
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?
Hangzhou Zhongheng Electric Co Ltd fundamental analysis
No fundamental analysis for Hangzhou Zhongheng Electric Co Ltd yet.
Hangzhou Zhongheng Electric Co Ltd stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Hangzhou Zhongheng Electric Co Ltd
Hangzhou Zhongheng Electric Co., Ltd. provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, and internationally. It offers prefabricated solution for data center power supply system; and charging and swapping solutions. The company also provides solutions for communication power supply and distribution system, as well as power system solutions. In addition, the company provides energy storage, operation, and maintenance, microgrid, a…
Full company profileHangzhou Zhongheng Electric Co Ltd financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 2 quarters up to Sep 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Hangzhou Zhongheng Electric Co Ltd annual financial statements (CNY; K = thousand, M = million, B = billion, T = trillion)
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 842M | 891M | 866M | 984M | 1.17B | 1.43B | 1.82B | 1.61B | 1.56B | 1.96B | 2.85B |
| Gross Profit | 349M | 393M | 286M | 326M | 394M | 416M | 477M | 335M | 386M | 469M | 576M |
| Operating Income | 116M | 143M | 31.9M | 87.5M | 84.0M | 76.1M | 75.5M | -67.6M | 30.6M | 137M | 139M |
| EBITDA | 152M | 183M | 67.6M | 88.6M | 118M | 114M | 122M | -21.7M | 52.1M | 145M | 97.2M |
| Net Income | 143M | 158M | 63.8M | 76.6M | 76.7M | 85.0M | 89.3M | -55.8M | 39.4M | 110M | 113M |
| EPS | 0.27 | 0.29 | 0.11 | 0.14 | 0.14 | 0.16 | 0.16 | -0.10 | 0.07 | 0.20 | 0.20 |
| Balance Sheet | |||||||||||
| Total Assets | 1.64B | 2.65B | 2.67B | 2.55B | 2.65B | 3.46B | 3.26B | 3.27B | 3.30B | 3.79B | 5.19B |
| Total Liabilities | 398M | 258M | 301M | 317M | 488M | 1.22B | 923M | 1.02B | 972M | 1.33B | 2.66B |
| Shareholders' Equity | 1.18B | 2.33B | 2.34B | 2.21B | 2.14B | 2.22B | 2.33B | 2.23B | 2.31B | 2.43B | 2.50B |
| Cash & Short-term Investments | 161M | 859M | 1.03B | 882M | 758M | 495M | 332M | 468M | 515M | 1.05B | 470M |
| Total Debt | 100M | 17.0M | - | - | 90.0M | 417M | 184M | 164M | 132M | 8.26M | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 17.7M | 124M | 4.69M | 94.0M | 19.3M | -4.33M | 11.6M | 156M | 237M | 468M | - |
| Capital Expenditure | 68.0M | 48.7M | 16.8M | 49.9M | 52.8M | 185M | 99.1M | 75.9M | 28.2M | 12.8M | 26.8M |
| Free Cash Flow | -50.4M | 75.8M | -12.1M | 44.1M | -33.5M | -189M | -87.5M | 80.2M | 209M | 456M | -387M |
| Ratios | |||||||||||
| ROE | 12.1% | 6.8% | 2.7% | 3.5% | 3.6% | 3.8% | 3.8% | -2.5% | 1.7% | 4.5% | 4.5% |
| ROA | 8.8% | 6.0% | 2.4% | 3.0% | 2.9% | 2.5% | 2.7% | -1.7% | 1.2% | 2.9% | 2.2% |
| Net Profit Margin | 17.0% | 17.8% | 7.4% | 7.8% | 6.5% | 5.9% | 4.9% | -3.5% | 2.5% | 5.6% | 3.9% |
| Debt to Equity | 0.08x | 0.01x | - | - | 0.04x | 0.19x | 0.08x | 0.07x | 0.06x | 0.00x | - |
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.
Hangzhou Zhongheng Electric Co Ltd dividends
- Dividend yield
- 0.22%
- Forward dividend
- 0.10 CNY
- Payout ratio
- 25.8%
- Ex-dividend date
- Jun 22, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2024 | CNY 28.2M | 0.05 | 25.8% |
| 2023 | CNY 1.07M | 0.00 | 2.7% |
| 2022 | CNY 56.4M | 0.10 | - |
| 2021 | CNY 61.0M | 0.11 | 68.3% |
| 2020 | CNY 66.9M | 0.13 | 78.7% |
| 2019 | CNY 55.6M | 0.10 | 72.5% |
| 2018 | CNY 56.4M | 0.10 | 73.5% |
| 2017 | CNY 56.4M | 0.10 | 88.4% |
| 2016 | CNY 22.8M | 0.04 | 14.4% |
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 May 19, 2015.
Who owns Hangzhou Zhongheng Electric Co Ltd
- Insiders 43.19%
- Institutions 5.31%
- Public & others 51.50%
- Shares outstanding 564M
- Free float 364M
Hangzhou Zhongheng Electric Co Ltd company profile
- Company name
- Hangzhou Zhongheng Electric Co Ltd
- Ticker
- 002364.SHE
- ISIN
- CNE100000M05
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Mar 5, 2010
- Sector
- Industrials
- Industry
- Electrical Equipment
- Employees
- 2,073
- Fiscal year end
- December
- Address
- Zhonhen Building, Hangzhou, China, 310053
- Phone
- 86 571 8669 8999
- Website
- hzzh.com
About Hangzhou Zhongheng Electric Co Ltd
Hangzhou Zhongheng Electric Co., Ltd. provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, and internationally. It offers prefabricated solution for data center power supply system; and charging and swapping solutions. The company also provides solutions for communication power supply and distribution system, as well as power system solutions. In addition, the company provides energy storage, operation, and maintenance, microgrid, and power operation solutions. Hangzhou Zhongheng Electric Co., Ltd. was incorporated in 1996 and is headquartered in Hangzhou, China.
Hangzhou Zhongheng Electric Co Ltd management
5- Mr. Feifei XuVice Chairman & GM · born 1986
- Mr. Jianping DuanCFO & Deputy GM · born 1974
- Mr. Xiangdong QiuDeputy GM & Non-Independent Director · born 1980
- Mr. Neng Jie FangBoard Secretary & Deputy GM · born 1992
- Xing Quan WuAccounting Supervisor