002452.SHE Hunan Changgao High Voltage Switchgear Group Co Ltd
- Market cap
- CNY 5.86B
- P/E
- 8.1x
- P/B
- 1.77x
- ROE
- 25.9%
- Dividend yield
- 1.22%
- Fundamental score
- -
Ratios use the latest price and the current fiscal year annualized from 3 quarters up to Sep 2026.
Is 002452.SHE undervalued?
Graham number002452.SHE trades 20.3% 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?
Hunan Changgao High Voltage Switchgear Group Co Ltd fundamental analysis
No fundamental analysis for Hunan Changgao High Voltage Switchgear Group Co Ltd yet.
Hunan Changgao High Voltage Switchgear Group Co Ltd stock price
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About Hunan Changgao High Voltage Switchgear Group Co Ltd
Changgao Electric Group Co., Ltd. engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China. The company offers gas insulated metal enclosed switchgear; outdoor pole type vacuum and outdoor high voltage AC circuit breaker; disconnectors; low/medium voltage switchgear, including series relay, cable type data collection unit, cable fault indicator, overhead type data collection unit, intelligent shield movable…
Full company profileHunan Changgao High Voltage Switchgear Group 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.
Hunan Changgao High Voltage Switchgear Group 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 | 1.29B | 1.42B | 1.05B | 1.16B | 1.56B | 1.52B | 1.22B | 1.49B | 1.76B | 1.67B | 1.60B |
| Gross Profit | 364M | 382M | 273M | 408M | 535M | 504M | 379M | 508M | 687M | 646M | 655M |
| Operating Income | 139M | 88.1M | -247M | 117M | 254M | 281M | 71.1M | 207M | 314M | 287M | 366M |
| EBITDA | 177M | 153M | -140M | 238M | 334M | 353M | 111M | 255M | 350M | 472M | 919M |
| Net Income | 121M | 60.9M | -246M | 145M | 213M | 251M | 58.0M | 173M | 252M | 343M | 829M |
| EPS | 0.23 | 0.12 | -0.47 | 0.27 | 0.40 | 0.45 | 0.09 | 0.28 | 0.41 | 0.55 | 1.34 |
| Balance Sheet | |||||||||||
| Total Assets | 2.85B | 2.89B | 2.44B | 2.95B | 3.61B | 3.33B | 3.25B | 3.24B | 3.52B | 3.74B | 4.73B |
| Total Liabilities | 1.52B | 1.49B | 1.30B | 1.68B | 2.15B | 1.24B | 1.15B | 980M | 1.11B | 1.03B | 1.52B |
| Shareholders' Equity | 1.32B | 1.37B | 1.11B | 1.26B | 1.45B | 2.08B | 2.10B | 2.26B | 2.41B | 2.71B | 3.20B |
| Cash & Short-term Investments | 599M | 399M | 307M | 341M | 543M | 836M | 786M | 924M | 1.10B | 1.21B | 1.73B |
| Total Debt | 346M | 168M | 172M | 388M | 899M | 256M | 181M | 147M | 135M | - | - |
| Cash Flow | |||||||||||
| Operating Cash Flow | 143M | 308M | -67.7M | 39.1M | 206M | 484M | 227M | 253M | 341M | 359M | - |
| Capital Expenditure | 13.6M | 10.0M | 17.0M | 184M | 525M | 176M | 125M | 67.3M | 61.0M | 61.7M | 148M |
| Free Cash Flow | 129M | 298M | -84.7M | -145M | -320M | 308M | 102M | 186M | 280M | 297M | -112M |
| Ratios | |||||||||||
| ROE | 9.2% | 4.5% | -22.2% | 11.5% | 14.7% | 12.1% | 2.8% | 7.7% | 10.5% | 12.6% | 25.9% |
| ROA | 4.2% | 2.1% | -10.1% | 4.9% | 5.9% | 7.5% | 1.8% | 5.3% | 7.2% | 9.2% | 17.5% |
| Net Profit Margin | 9.3% | 4.3% | -23.4% | 12.5% | 13.7% | 16.5% | 4.7% | 11.6% | 14.3% | 20.6% | 51.7% |
| Debt to Equity | 0.26x | 0.12x | 0.15x | 0.31x | 0.62x | 0.12x | 0.09x | 0.06x | 0.06x | - | - |
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.
Hunan Changgao High Voltage Switchgear Group Co Ltd dividends
- Dividend yield
- 1.22%
- Forward dividend
- 0.12 CNY
- Payout ratio
- 20.9%
- Ex-dividend date
- May 29, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | CNY 71.6M | 0.12 | 20.9% |
| 2024 | CNY 47.9M | 0.08 | 19.0% |
| 2023 | CNY 19.0M | 0.03 | 11.0% |
| 2022 | CNY 49.8M | 0.08 | 85.9% |
| 2021 | CNY 61.0M | 0.11 | 24.2% |
| 2020 | CNY 63.7M | 0.12 | 29.9% |
| 2019 | CNY 13.1M | 0.02 | 9.0% |
| 2018 | CNY 24.0M | 0.05 | - |
| 2017 | CNY 28.5M | 0.05 | 46.9% |
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 Apr 30, 2015.
Who owns Hunan Changgao High Voltage Switchgear Group Co Ltd
- Insiders 28.11%
- Institutions 9.82%
- Public & others 62.07%
- Shares outstanding 620M
- Free float 425M
Hunan Changgao High Voltage Switchgear Group Co Ltd company profile
- Company name
- Hunan Changgao High Voltage Switchgear Group Co Ltd
- Ticker
- 002452.SHE
- ISIN
- CNE100000RV5
- Exchange
- Shenzhen Stock Exchange
- Listed since
- Jul 20, 2010
- Sector
- Industrials
- Industry
- Electrical Equipment
- Employees
- 1,704
- Fiscal year end
- December
- Address
- No.393 Jinxing North Road, Changsha, China, 410219
- Phone
- 86 731 8858 5095
- Website
- changgaogroup.com
About Hunan Changgao High Voltage Switchgear Group Co Ltd
Changgao Electric Group Co., Ltd. engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China. The company offers gas insulated metal enclosed switchgear; outdoor pole type vacuum and outdoor high voltage AC circuit breaker; disconnectors; low/medium voltage switchgear, including series relay, cable type data collection unit, cable fault indicator, overhead type data collection unit, intelligent shield movable AC mental-enclosed switchgear, overhead type fault indicator, low voltage withdrawable switchgear, fully insulated and enclosed compact switchgear, and combined substation. It also provides engineering services comprising operation and maintenance, construction, design, financial support, and consulting services, as well as supplies equipment. The company was formerly known as Hunan Changgao Highvoltage Switchgear Group Co., Ltd. and changed its name to Changgao Electric Group Co., Ltd. Changgao Electric Group Co., Ltd. was founded in 1998 and is headquartered in Changsha, the People's Republic of China.
Hunan Changgao High Voltage Switchgear Group Co Ltd management
6- Mr. Xiao MaMD & Director · born 1980
- Mr. Yunqiang LiuFinancial Director & Accounting Supervisor · born 1972
- Mr. Qiang PengDeputy GM & Director · born 1968
- Mr. Jianshe TangDeputy GM & Director · born 1975
- Mr. Lin LinExecutive Deputy GM, Board Secretary & Director · born 1967
- Mr. Kun HeDeputy General Manager · born 1985