Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. (SHA:688379)

China · Delayed Price · Currency is CNY

43.70

+1.90 (4.55%)

Jul 31, 2026, 3:00 PM CST

SHA:688379 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	Mar '26 Mar 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
Revenue	3,049	2,556	1,918	1,415	1,220	1,211
Revenue Growth	42.24%	33.27%	35.52%	15.96%	0.78%	40.75%
Gross Profit	394.16	326.12	258.16	176.73	114.18	161.39
Operating Income	183.59	156.45	109.81	67.29	18.19	67.36
Net Income	129.7	188.08	80.62	41.6	8.72	45.21
Earnings Per Share	1.48	2.16	0.94	0.48	0.10	0.51
EPS Growth	-24.15%	129.79%	95.83%	380.00%	-80.39%	-42.05%

Revenue by Segment

Fiscal Year	FY 2025
Period Ending	Dec '25 Dec 31, 2025
Silver Solder	1,112
Copper Base Solder	882.16
Bearing and Other Materials	553.74
Total	2,548

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 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
Cash & Investments	488.31	191.87	194.85	201.2	170.86	167
Total Debt	1,722	1,100	894.49	651.42	536.83	387.84
Net Cash (Debt)	-1,234	-908.24	-699.64	-450.23	-365.97	-220.84
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-14.11	-10.43	-8.16	-5.19	-4.20	-2.49

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 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
Operating Cash Flow	-543.56	-84.96	-255.17	-204.11	-337.2	-485.84
Capital Expenditures	-145.44	-137.82	-60.09	-42.31	-101.91	-68.17
Free Cash Flow	-689	-222.78	-315.26	-246.42	-439.1	-554.01
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 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
Gross Margin	12.93%	12.76%	13.46%	12.49%	9.36%	13.33%
Operating Margin	6.02%	6.12%	5.73%	4.75%	1.49%	5.56%
Pretax Margin	4.51%	8.11%	4.39%	2.90%	0.07%	3.74%
Profit Margin	4.25%	7.36%	4.20%	2.94%	0.71%	3.73%
FCF Margin	-22.60%	-8.72%	-16.44%	-17.41%	-35.98%	-45.75%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 2, 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
Dividend Per Share	0.620	0.620	0.277	0.150	-	0.157
Dividend Per Share Growth	123.83%	123.83%	84.67%	-	-	-30.84%
Dividend Yield	1.42%	1.13%	1.38%	0.78%	-	0.74%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 2, 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	29.46	25.70	22.38	40.91	161.62	42.83
Forward PE	-	25.37	14.91	21.09	20.12	20.12
PS Ratio	1.33	1.89	0.94	1.20	1.16	1.60