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China First Heavy Industries

China First Heavy Industries

601106 · SHG · Industrials / Specialty Industrial Machinery

2.76CNY-0.06 (-2.13%)

Price History

Full chart

Market Stats

Previous Close2.82
Open2.83
Day Range2.76 – 2.83
52-Week Range2.77 – 6.60
Volume45.30M
Market Cap20.23B
P/E (TTM)0.00
Forward P/E153.85
EPS-0.03
Dividend Yield0.00%
Beta0.58
50-Day Avg3.06
200-Day Avg3.99

About

China First Heavy Industries manufactures and sells technical equipment in the People's Republic of China and internationally. The company offers nuclear power equipment; petrochemical equipment, such as coal liquefaction, and hydrogenation reactors, PTA and ethylene oxide reactor, oversized heat exchangers, coal gasifiers, etc.; metallurgical equipment, including continuous casting machine, converters and electric furnaces, cold and hot strip rolling mill, sectional beam, and long product rolling mill, shearing lines, plate levelers, slab sizing presses, and coilers, etc.; forging equipment comprising mechanical, hot die forging, stretch levelers, and large hydraulic presses; and engineering equipment, such as mining excavators, shield tunneling machines, plate bending, and roller mills. It also provides spare parts and special tolls; engineering contracting; design service; product transportation and insurance service; technical guidance and training service; product installation and debugging services; after-sale maintenance services; and warehouse and storage services. In addition, the company engages in heavy equipment technology development; electromechanical products; manufacturing of electrical products; glass fiber and product; and wind power services. Further, the company offers material technology research and development, and promotion services; import and export services; technical development, consultation, and exchange services, technology transfer and promotion services; installation services; international marketing business; and manufacture and sale of concrete structural, and technical services. It serves nuclear power, petrochemicals, hydrogenation, metallurgy sectors. China First Heavy Industries was formerly known as First Heavy Machinery Works. The company was founded in 1954 and is headquartered in Qiqihar, the People's Republic of China.

Company Details

  • SectorIndustrials
  • IndustrySpecialty Industrial Machinery
  • CEOMr. Wan Jiang Liu
  • Employees0
  • HeadquartersNo. 9, Changqian Road, Qiqihar, China, 161042, China
  • Websitehttps://www.cfhi.com

Leadership

  • Mr. Wan Jiang LiuVP, CFO & Accounting Supervisor · b. 1973
  • Mr. Hao ZhangVice President · b. 1975
  • Mr. De Li ZhaoVP & Chief Engineer · b. 1981
  • Mr. En Guo HuSecretary of the Board · b. 1978
  • Mr. Wen Ge QiVice President · b. 1966
  • Mr. Yong Chang GuanVice President · b. 1971

Financials

Income Statement

Currency: CNY2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue5.22B7.10B10.21B9.15B8.59B8.75B8.32B8.37B7.33B5.01B3.20B10.25B10.51B13.17B19.90B23.13B23.89B17.17B16.62B9.82B
Growth (%)-+36.08%+43.72%-10.33%-6.13%+1.84%-4.92%+0.60%-12.44%-31.60%-36.07%+219.93%+2.53%+25.25%+51.18%+16.21%+3.28%-28.13%-3.20%-40.92%
Cost of Revenue3.91B4.83B7.42B6.33B6.35B6.75B6.77B7.20B6.58B5.01B6.44B8.56B8.91B11.72B18.00B21.13B21.50B16.32B16.66B8.51B
Gross Profit1.31B2.27B2.78B2.82B2.24B2.00B1.55B1.17B752.23M2.84M-3.24B1.69B1.61B1.45B1.90B2.00B2.38B842.98M-42.56M1.30B
Gross Margin25.08%32.01%27.27%30.79%26.04%22.85%18.63%14.00%10.27%0.06%-101.06%16.46%15.27%11.00%9.54%8.64%9.98%4.91%-0.26%13.28%
Operating Expense728.73M889.83M1.53B1.96B1.60B1.68B1.36B1.14B1.44B1.88B2.40B1.48B1.64B1.40B1.77B1.91B2.23B3.56B3.69B1.37B
Operating Income580.23M1.38B1.25B861.36M634.14M315.56M194.48M29.47M-690.65M-1.87B-5.64B210.13M-33.15M47.26M127.04M92.87M152.58M-2.72B-3.73B-67.25M
Operating Margin11.12%19.49%12.26%9.41%7.38%3.61%2.34%0.35%-9.42%-37.36%-175.87%2.05%-0.32%0.36%0.64%0.40%0.64%-15.82%-22.47%-0.68%
EBITDA796.35M1.65B2.02B2.07B1.90B1.37B894.55M1.08B402.09M-682.59M-4.39B1.38B852.05M1.04B1.24B1.25B992.72M-922.40M-1.97B1.34B
EBITDA Margin15.26%23.30%19.75%22.60%22.08%15.66%10.75%12.87%5.49%-13.62%-137.10%13.50%8.11%7.88%6.21%5.41%4.16%-5.37%-11.88%13.67%
Net Income351.74M470.01M1.01B1.19B789.81M422.98M29.34M17.20M25.68M-1.80B-5.73B84.18M128.71M128.75M130.47M168.37M103.92M-2.71B-3.74B-311.04M
Net Income Margin6.74%6.62%9.86%12.99%9.19%4.83%0.35%0.21%0.35%-35.81%-178.94%0.82%1.22%0.98%0.66%0.73%0.44%-15.77%-22.48%-3.17%
R&D----351.21M233.30M341.75M339.78M375.50M278.25M291.52M178.36M255.84M368.87M473.14M518.72M551.92M469.43M726.56M277.57M
R&D as % of Total Revenue----4.09%2.67%4.11%4.06%5.12%5.55%9.10%1.74%2.43%2.80%2.38%2.24%2.31%2.73%4.37%2.83%
Interest Expense127.54M202.52M351.57M456.21M249.07M273.40M468.48M594.56M684.68M778.89M742.59M686.53M558.94M628.64M627.59M738.41M634.39M580.13M507.43M407.52M
Interest Expense % of Total Revenue2.44%2.85%3.44%4.98%2.90%3.12%5.63%7.10%9.34%15.54%23.17%6.70%5.32%4.78%3.15%3.19%2.66%3.38%3.05%4.15%

Balance Sheet

Currency: CNY2006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--19.83B22.89B28.13B34.17B36.19B35.70B39.99B38.07B30.42B33.38B34.05B33.09B32.87B38.29B41.26B39.99B39.97B39.09B
Total Liabilities--17.33B17.88B11.56B17.26B19.25B18.77B23.02B22.98B21.13B22.46B23.00B21.93B21.62B26.75B29.39B30.85B34.26B32.66B
Total Equity--2.47B4.43B16.43B16.72B16.71B16.71B16.76B14.90B9.20B10.83B10.93B11.05B11.13B11.44B11.72B9.01B5.35B5.16B
Cash--2.30B2.28B3.58B2.83B3.87B4.75B3.36B3.08B2.91B3.51B2.59B1.83B2.44B1.68B1.38B2.26B2.86B5.70B
Total Debt--8.02B10.40B3.95B7.49B10.10B9.41B15.07B14.94B13.66B12.72B12.05B9.79B10.89B13.50B17.41B21.49B14.83B-
Net Debt--5.72B8.12B371.74M4.66B6.23B4.66B11.72B11.86B10.75B9.21B9.46B7.95B8.44B11.82B16.03B19.23B11.97B9.37B

Cash Flow

Currency: CNY2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.14B-1.76B-1.71B-1.64B-1.87B1.48B-2.29B-428.87M500.34M983.43M684.44M1.92B690.49M682.17M-1.26B143.39M473.22M1.56B
Investing Cash Flow-1.25B-767.67M-864.73M-2.33B770.75M580.22M-3.91B2.08B1.22B-397.31M-338.73M246.32M-662.08M-2.79B-198.80M-901.12M-545.25M-
Financing Cash Flow2.42B2.46B3.84B3.28B2.05B-1.26B4.94B-1.90B-1.98B-54.29M-1.31B-2.84B577.34M1.26B1.11B1.32B914.74M-
Capital Expenditure1.24B907.72M902.59M1.05B678.08M309.42M415.10M162.63M507.99M443.62M411.44M441.69M426.15M164.46M200.47M589.75M508.41M931.49M
Free Cash Flow-2.38B-2.67B-2.61B-2.70B-2.55B1.18B-2.71B-591.49M-7.65M539.81M272.99M1.48B264.34M517.71M-1.46B-446.36M-35.19M630.18M
Dividends Paid373.83M456.83M246.86M409.71M464.54M557.39M659.92M750.46M688.37M673.94M562.85M636.31M583.74M597.95M635.03M579.91M372.60M315.87M
FCF to OCF208.99%151.51%152.86%164.12%136.18%79.16%118.09%137.92%-1.53%54.89%39.89%76.97%38.28%75.89%115.87%-311.29%-7.44%40.35%
Dividend Paid to FCF-15.68%-17.11%-9.46%-15.18%-18.20%47.43%-24.36%-126.88%-8997.62%124.85%206.18%43.09%220.83%115.50%-43.40%-129.92%-1058.79%50.12%

Earnings

Report DateMar 31, 2010Jun 30, 2010Sep 30, 2010Dec 31, 2010Mar 31, 2011Jun 30, 2011Sep 30, 2011Dec 31, 2011Mar 31, 2012Jun 30, 2012Sep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Apr 28, 2016Aug 29, 2016Oct 28, 2016Dec 31, 2016Apr 19, 2017Aug 18, 2017Oct 26, 2017Dec 31, 2017Apr 25, 2018Aug 28, 2018Oct 29, 2018Dec 31, 2018Apr 23, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Aug 28, 2020Oct 31, 2020Dec 31, 2020Apr 30, 2021Aug 27, 2021Nov 1, 2021Dec 31, 2021Apr 28, 2022Jun 30, 2022Sep 30, 2022Dec 31, 2022Mar 31, 2023
EPS Estimate-----------------------------------------------------
EPS Actual0.010.030.030.050.000.010.010.050.000.01-0.00-0.00-0.01-0.04-0.010.07-0.05-0.050.000.10-0.04-0.03-0.08-0.12-0.05-0.06-0.19-0.580.000.000.000.010.000.000.010.000.000.000.000.010.000.000.000.010.010.000.000.010.010.000.000.000.01
Surprise-----------------------------------------------------
Timing------------------------After-hoursAfter-hoursAfter-hours-After-hoursPre-marketAfter-hours-Pre-marketAfter-hoursPre-market-Pre-market-----------Pre-market----

Key Statistics & Ratios

Market Cap20.23B
Enterprise Value36.53B
Trailing P/E0.00
Forward P/E153.85
Price / Sales2.15
Price / Book3.89
EPS-0.03
Book Value0.755
Revenue (TTM)9.42B
Gross Profit (TTM)1.22B
EBITDA711.93M
Profit Margin-2.21%
Operating Margin4.00%
Return on Equity-1.25%
Return on Assets-0.09%
Shares Outstanding6.86B
Shares Float2.48B
Beta0.58
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Dividends

20151×
0.00Jul 21, 2015
20141×
0.00Jul 8, 2014
20131×
0.00Jul 2, 2013
20121×
0.01Jun 26, 2012
20111×
0.02Jun 20, 2011