Hoymiles Power Electronics Inc. (SHA:688032)
China flag China · Delayed Price · Currency is CNY
78.55
+0.20 (0.26%)
Jul 31, 2026, 3:00 PM CST

SHA:688032 Financials Overview

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,5851,9321,9932,0261,537795.19
Revenue Growth
29.39%-3.06%-1.63%31.86%93.23%60.64%
Gross Profit
510.6480.95813.67861.28690.4339.36
Operating Income
-364.23-349.44176.64378.57456.23225.13
Net Income
-212.96-161.12344.22511.85532.55201.74
Earnings Per Share
-1.76-1.312.794.134.292.16
EPS Growth
---32.45%-3.70%98.35%93.67%

Revenue by Segment

Fiscal YearFY 2025
Period EndingDec '25
Miniature Inverters and Monitoring Equipment
757.13
Energy Storage System
503.31
Photovoltaic Power Generation System
618.44
Others
45.9
Total
1,925

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
3,9173,6324,1094,8435,4785,690
Total Debt
1,2671,156452.1784.2422.6653.08
Net Cash (Debt)
2,6502,4763,6574,7595,4565,637
Net Cash Growth
-8.31%-32.30%-23.16%-12.77%-3.21%4202.76%
Net Cash Per Share
21.8820.1329.6438.4043.9360.41

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
262.3-286.5566.8940.7426.07149.99
Capital Expenditures
-208.13-507.92-737.36-317.92-475.09-43.41
Free Cash Flow
54.17-794.47-670.46-277.21-49.02106.58
Free Cash Flow Growth
-----107.83%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
19.75%24.89%40.83%42.51%44.93%42.68%
Operating Margin
-14.09%-18.09%8.86%18.69%29.69%28.31%
Pretax Margin
-11.76%-12.10%17.73%29.27%39.88%28.24%
Profit Margin
-8.24%-8.34%17.27%25.26%34.66%25.37%
FCF Margin
2.10%-41.12%-33.64%-13.68%-3.19%13.40%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
3.200-3.2004.0272.3870.965
Dividend Per Share Growth
-38.59%--20.53%68.68%147.33%-
Dividend Yield
4.07%-2.93%2.34%0.61%0.46%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--40.4143.8298.55139.58
Forward PE
69.5136.6021.7219.9559.30-
P/FCF Ratio
177.99----264.20
PS Ratio
3.736.416.9811.0734.1635.41