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

SHA:688320 Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,060	1,017	810.67	1,116	944.29	751.46
Revenue Growth	27.00%	25.49%	-27.39%	18.23%	25.66%	38.13%
Gross Profit Gross Profit Growth	196.05	183.41	174.01	317.6	277.49	267.82
Operating Income Operating Income Growth	-142.3	-165.05	-188.85	29.42	73.62	102.23
Net Income Net Income Growth	-108.73	-130.04	-165.09	53.56	90.38	110.02
Earnings Per Share EPS Growth	-0.74	-0.88	-1.10	0.35	0.65	0.97
EPS Growth	-	-	-	-46.15%	-32.99%	1.04%

Revenue by Segment

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

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	72.61	51.02	91.33	192.92	416.02	86.27
Total Debt Total Debt Growth	272.02	252.91	323.16	175.82	69.78	24.49
Net Cash (Debt) Net Cash Growth	-199.4	-201.89	-231.83	17.1	346.24	61.78
Net Cash Growth	-	-	-	-95.06%	460.48%	-24.25%
Net Cash Per Share Net Cash Per Share Growth	-1.35	-1.37	-1.54	0.11	2.49	0.54

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	49.88	6.99	-71.87	-47.28	-243.85	13.5
Capital Expenditures CapEx Growth	-38.9	-37.09	-95.66	-234.14	-243.44	-41.74
Free Cash Flow Free Cash Flow Growth	10.98	-30.1	-167.53	-281.42	-487.3	-28.24
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	18.49%	18.03%	21.46%	28.45%	29.39%	35.64%
Operating Margin	-13.42%	-16.23%	-23.29%	2.63%	7.80%	13.60%
Pretax Margin	-12.02%	-14.58%	-23.10%	4.33%	9.32%	15.08%
Profit Margin	-10.26%	-12.78%	-20.36%	4.80%	9.57%	14.64%
FCF Margin	1.04%	-2.96%	-20.67%	-25.21%	-51.61%	-3.76%

Dividends

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

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 15, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	-	-	115.61	78.20	-
Forward PE	61.56	79.40	153.27	46.07	34.60	-
PS Ratio	4.91	5.45	7.25	5.55	7.48	-

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 15, 2026

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