Xi'an High Voltage Apparatus Research Institute Co., Ltd. (SHA:688334)

China · Delayed Price · Currency is CNY

18.51

-0.16 (-0.86%)

Oct 26, 2026, 4:00 PM EDT

SHA:688334 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	912.34	867.97	798.36	755.09	521.12	447.15
Revenue Growth	3.26%	8.72%	5.73%	44.90%	16.54%	29.71%
Gross Profit	483.71	472.59	419.62	358.11	249.78	175.1
Operating Income	270.23	260.99	209.01	168.93	100.19	65.24
Net Income	271.78	248.72	228.67	189.34	130.36	81.56
Earnings Per Share	0.86	0.79	0.72	0.68	0.55	0.52
EPS Growth	3.21%	8.78%	5.68%	24.50%	5.58%	-

Revenue by Geography

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
China	832.7
Overseas Region	10.06
Total	842.76

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	2,475	2,099	1,322	1,294	286.27	455.41
Total Debt	111.16	49.21	17.4	25.71	30.84	37.63
Net Cash (Debt)	2,364	2,050	1,304	1,268	255.43	417.77
Net Cash Growth	36.33%	57.14%	2.86%	396.49%	-38.86%	164.12%
Net Cash Per Share	7.47	6.47	4.12	4.58	1.08	2.66

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	585.46	480.4	482.48	312.61	196.63	153.79
Capital Expenditures	-107.1	-131.91	-143.25	-83.94	-79.07	-58.86
Free Cash Flow	478.35	348.49	339.24	228.67	117.56	94.94
Free Cash Flow Growth	39.18%	2.73%	48.35%	94.51%	23.83%	43.32%

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	53.02%	54.45%	52.56%	47.43%	47.93%	39.16%
Operating Margin	29.62%	30.07%	26.18%	22.37%	19.23%	14.59%
Pretax Margin	37.40%	36.77%	35.29%	31.37%	27.02%	21.21%
Profit Margin	29.79%	28.66%	28.64%	25.07%	25.01%	18.24%
FCF Margin	52.43%	40.15%	42.49%	30.28%	22.56%	21.23%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023
Period Ending	Oct '26 Oct 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Dividend Per Share	0.436	0.436	0.398	0.257
Dividend Per Share Growth	-4.67%	9.55%	54.86%	-
Dividend Yield	2.35%	2.25%	2.44%	1.48%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 27, 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	21.56	24.64	22.61	28.98	-	-
Forward PE	-	18.26	21.85	-	-	-
P/FCF Ratio	12.25	17.59	15.24	23.99	-	-
PS Ratio	6.42	7.06	6.48	7.27	-	-