Hwatsing Technology Co., Ltd. (SHA:688120)

China · Delayed Price · Currency is CNY

260.64

+0.12 (0.05%)

Aug 31, 2026, 3:00 PM CST

Hwatsing Technology Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,342	4,648	3,406	2,508	1,649	804.88
Revenue Growth	38.41%	36.46%	35.82%	52.11%	104.86%	108.58%
Gross Profit	2,143	1,927	1,448	1,069	778.2	353.82
Operating Income	1,068	1,034	919.33	639.63	415.28	106.39
Net Income	1,142	1,084	1,023	723.75	501.6	198.28
Earnings Per Share	2.31	2.19	2.07	1.47	1.13	0.54
EPS Growth	4.23%	5.87%	41.21%	29.53%	111.48%	90.77%

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Mainland China	4,605
Other	42.75
Total	4,648

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	4,332	4,641	4,606	4,587	4,160	817.53
Total Debt	384.96	395.19	501.91	683.11	198.52	296.18
Net Cash (Debt)	3,947	4,246	4,105	3,904	3,962	521.35
Net Cash Growth	1.11%	3.44%	5.15%	-1.47%	659.91%	80.52%
Net Cash Per Share	8.00	8.59	8.31	7.91	8.94	1.41

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	478.16	799.82	1,155	652.93	25.1	389.81
Capital Expenditures	-143.6	-222.18	-321.81	-339.53	-174.86	-174.32
Free Cash Flow	334.56	577.64	832.8	313.4	-149.75	215.48
Free Cash Flow Growth	-61.66%	-30.64%	165.73%	-	-	16444.41%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	40.12%	41.45%	42.52%	42.63%	47.20%	43.96%
Operating Margin	19.99%	22.23%	26.99%	25.50%	25.19%	13.22%
Pretax Margin	24.62%	25.78%	32.83%	31.49%	33.77%	24.33%
Profit Margin	21.37%	23.32%	30.04%	28.86%	30.42%	24.63%
FCF Margin	6.26%	12.43%	24.45%	12.50%	-9.08%	26.77%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	0.286	0.286	0.264	0.177	0.108
Dividend Per Share Growth	1.82%	8.34%	48.98%	63.89%	-
Dividend Yield	0.11%	0.27%	0.34%	0.29%	0.22%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	112.67	48.87	37.67	41.22	47.75	-
Forward PE	48.09	32.35	29.16	33.68	38.55	-
P/FCF Ratio	385.88	91.69	46.30	95.19	-	-
PS Ratio	24.17	11.39	11.32	11.90	14.53	-