HIT Welding Industry Co. Ltd.

301137 · SHE · Industrials / Specialty Industrial Machinery

25.80CNY-1.00 (-3.73%)

Price History

Full chart

Market Stats

Previous Close26.80

Open26.99

Day Range25.72 – 27.19

52-Week Range26.56 – 71.64

Volume2.06M

Market Cap5.41B

P/E (TTM)124.08

Forward P/E0.00

EPS0.24

Dividend Yield0.29%

Beta1.06

50-Day Avg32.50

200-Day Avg42.58

About

HIT Welding Industry Co.,Ltd engages in the research, development, production, and sales of fusion welding materials in China. The company gas shielding and submerged arc welding wires; mobile rail flash welding machines; trackless autonomous crawling arc welding robot machines; quantong stainless steel and aluminum welding wires; and arc light electric welding electrodes. The company also provides carbon steel, low alloy steel, stainless steel, aluminum alloy, nickel-based, flux-cored welding wires, as well as special welding rods, fluxes, welding strips, thermal bimetallic products, and other varieties. Its products are used in petroleum and liquefied gas pipelines, pressure vessels, container manufacturing, medical appliances, railway, shipbuilding, automobiles, and motorcycles. The company was founded in 1996 and is based in Changzhou, China.

Company Details

SectorIndustrials
IndustrySpecialty Industrial Machinery
CEOMr. Chunxin Chen
Employees987
HeadquartersNo. 386, Changhong East Road, Changzhou, China, 213102, China
Websitehttps://en.htw.cn

Leadership

Mr. Chunxin ChenGM & Vice Chairman · b. 1984
Mr. Jinjing ZhouDeputy GM & Non-Independent Director · b. 1983
Mr. Bo ChenDeputy General Manager · b. 1976
Mr. Kai XuDeputy General Manager · b. 1974
Mr. Zhenhua LiDeputy General Manager · b. 1978
Mr. Jun MaoDeputy General Manager · b. 1980
Lie ZhuAccounting Supervisor

Financials

Income Statement

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	869.05M	1.08B	1.19B	1.36B	1.72B	1.57B	1.58B	1.57B	1.78B
Growth (%)	-	+24.07%	+10.46%	+14.42%	+25.89%	-8.43%	+0.49%	-0.36%	+13.41%
Cost of Revenue	704.53M	887.80M	979.67M	1.16B	1.52B	1.44B	1.41B	1.42B	1.56B
Gross Profit	164.52M	190.44M	211.34M	202.87M	197.86M	134.00M	167.79M	155.62M	220.87M
Gross Margin	18.93%	17.66%	17.74%	14.89%	11.53%	8.53%	10.63%	9.89%	12.38%
Operating Expense	111.32M	115.88M	134.97M	114.43M	115.50M	87.97M	104.40M	118.61M	161.87M
Operating Income	53.20M	74.55M	76.37M	88.44M	82.36M	46.03M	63.39M	37.01M	59.00M
Operating Margin	6.12%	6.91%	6.41%	6.49%	4.80%	2.93%	4.02%	2.35%	3.31%
EBITDA	69.84M	118.10M	128.73M	124.63M	125.68M	91.99M	112.67M	93.75M	118.43M
EBITDA Margin	8.04%	10.95%	10.81%	9.15%	7.33%	5.86%	7.14%	5.96%	6.64%
Net Income	44.54M	67.13M	69.65M	79.33M	76.92M	46.05M	57.99M	40.48M	37.54M
Net Income Margin	5.12%	6.23%	5.85%	5.82%	4.48%	2.93%	3.67%	2.57%	2.10%
R&D	29.54M	35.05M	42.21M	43.16M	52.42M	52.72M	50.43M	55.96M	79.88M
R&D as % of Total Revenue	3.40%	3.25%	3.54%	3.17%	3.06%	3.36%	3.19%	3.56%	4.48%
Interest Expense	3.11M	28.15M	28.80M	7.92M	9.16M	11.31M	7.20M	7.04M	6.95M
Interest Expense % of Total Revenue	0.36%	2.61%	2.42%	0.58%	0.53%	0.72%	0.46%	0.45%	0.39%

Balance Sheet

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	861.36M	945.29M	1.05B	1.36B	1.48B	2.03B	2.07B	2.40B	2.41B
Total Liabilities	402.37M	435.30M	507.78M	819.47M	854.27M	738.55M	729.91M	961.82M	938.95M
Total Equity	457.82M	509.99M	546.77M	543.92M	623.29M	1.30B	1.34B	1.36B	1.38B
Cash	141.54M	202.62M	154.50M	186.43M	141.88M	611.24M	540.49M	546.87M	429.09M
Total Debt	70.00M	110.00M	112.37M	155.75M	286.96M	228.89M	253.19M	392.15M	-
Net Debt	-71.54M	-92.62M	-42.13M	-30.67M	145.08M	-382.35M	-287.30M	-154.72M	-

Cash Flow

Currency: CNY	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	45.15M	78.62M	120.04M	150.59M	-58.27M	13.29M	32.07M	41.97M	95.57M
Investing Cash Flow	-396.83K	-24.40M	-139.77M	-99.56M	-35.63M	-105.83M	-101.86M	-28.28M	-
Financing Cash Flow	-14.10M	17.71M	-34.67M	-8.58M	75.32M	563.02M	-2.14M	-8.85M	-
Capital Expenditure	58.16M	25.33M	138.17M	102.91M	36.14M	116.75M	114.08M	65.14M	97.84M
Free Cash Flow	-13.02M	53.29M	-18.14M	47.68M	-94.41M	-103.45M	-82.01M	-23.17M	-2.27M
Dividends Paid	14.12M	20.80M	37.10M	50.75M	50.16M	15.45M	16.18M	29.67M	23.45M
FCF to OCF	-28.83%	67.78%	-15.11%	31.66%	162.03%	-778.29%	-255.74%	-55.19%	-2.37%
Dividend Paid to FCF	-108.48%	39.03%	-204.58%	106.44%	-53.13%	-14.94%	-19.73%	-128.10%	-1034.17%

Earnings

Report Date	Mar 31, 2022	Jun 30, 2022	Sep 30, 2022	Dec 31, 2022	Mar 31, 2023	Jun 30, 2023	Sep 30, 2023	Dec 31, 2023	Mar 31, 2024	Jun 30, 2024	Sep 30, 2024	Dec 31, 2024	Mar 31, 2025	Jun 30, 2025	Sep 30, 2025	Dec 31, 2025	Mar 31, 2026	Jun 30, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	0.05	0.06	-0.04	0.18	0.03	0.08	0.06	0.15	0.03	0.04	0.01	0.13	0.03	0.03	0.08	0.06	0.04	0.06
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap5.41B

Enterprise Value5.66B

Trailing P/E124.08

Forward P/E0.00

Price / Sales2.85

Price / Book4.07

EPS0.24

Book Value7.62

Revenue (TTM)1.90B

Gross Profit (TTM)237.87M

EBITDA107.22M

Profit Margin2.31%

Operating Margin2.40%

Return on Equity3.35%

Return on Assets1.31%

Shares Outstanding181.81M

Shares Float61.50M

Beta1.06

Dividend Yield0.29%

Dividend Rate0.09

Payout Ratio35.26%

Dividends

20261×

0.09Jun 16, 2026

20251×

0.09Jun 30, 2025

20241×

0.13Jun 27, 2024

20231×

0.09Jun 21, 2023

20221×

0.09Jun 23, 2022