Zhejiang Hechuan Technology Co., Ltd. (SHA:688320)

China · Delayed Price · Currency is CNY

31.64

+2.99 (10.44%)

At close: Nov 9, 2026

SHA:688320 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	Sep '26 Sep 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	1,322	1,017	810.67	1,116	944.29	751.46
Revenue Growth	46.96%	25.49%	-27.39%	18.23%	25.66%	38.13%
Gross Profit	261.07	183.41	174.01	317.6	277.49	267.82
Operating Income	-58.72	-165.05	-188.85	29.42	73.62	102.23
Net Income	-15.35	-130.04	-165.09	53.56	90.38	110.02
Earnings Per Share	-	-0.88	-1.10	0.35	0.65	0.97
EPS Growth	-	-	-	-46.15%	-32.99%	1.04%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Industrial Control Products Business	942.75
Machine Tool Sales	74.33
Total	1,017

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	178.97	51.02	91.33	192.92	416.02	86.27
Total Debt	320.55	252.91	323.16	175.82	69.78	24.49
Net Cash (Debt)	-141.58	-201.89	-231.83	17.1	346.24	61.78
Net Cash Growth	-	-	-	-95.06%	460.48%	-24.25%
Net Cash Per Share	-	-1.37	-1.54	0.11	2.49	0.54

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	3.48	6.99	-71.87	-47.28	-243.85	13.5
Capital Expenditures	-65.34	-37.09	-95.66	-234.14	-243.44	-41.74
Free Cash Flow	-61.87	-30.1	-167.53	-281.42	-487.3	-28.24
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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	19.75%	18.03%	21.46%	28.45%	29.39%	35.64%
Operating Margin	-4.44%	-16.23%	-23.29%	2.63%	7.80%	13.60%
Pretax Margin	-2.08%	-14.58%	-23.10%	4.33%	9.32%	15.08%
Profit Margin	-1.16%	-12.78%	-20.36%	4.80%	9.57%	14.64%
FCF Margin	-4.68%	-2.96%	-20.67%	-25.21%	-51.61%	-3.76%

Dividends

Fiscal Year	FY 2023	FY 2022
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	0.110	0.180
Dividend Per Share Growth	-38.68%	-
Dividend Yield	0.27%	0.39%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '26 Nov 9, 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	-	-	-	115.61	78.20	-
Forward PE	55.42	79.40	153.27	46.07	34.60	-
PS Ratio	3.55	5.45	7.25	5.55	7.48	-