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Hangzhou Heatwell Electric Heating Technology Co., Ltd.

Hangzhou Heatwell Electric Heating Technology Co., Ltd.

603075 · SHG · Industrials / Electrical Equipment & Parts

17.10CNY-0.28 (-1.61%)

Price History

Full chart

Market Stats

Previous Close17.38
Open17.44
Day Range17.10 – 17.61
52-Week Range18.01 – 28.94
Volume757.90K
Market Cap7.94B
P/E (TTM)24.06
Forward P/E0.00
EPS0.82
Dividend Yield3.55%
Beta0.91
50-Day Avg19.38
200-Day Avg22.29

About

Hangzhou Heatwell Electric Heating Technology Co., Ltd. engages in the research, development, production, and sale of electric heating elements and assemblies in China and internationally. The company offers household and commercial appliance electric heating elements for use in kitchen appliances, clothing care appliances, HVAC systems, bathroom appliances, and cleaning appliances; industrial equipment electric heating elements for injection molding equipment, medical equipment, semiconductor equipment, energy storage, and special equipment. It also provides new energy vehicle electric heating elements for high-pressure liquid heaters within the thermal management systems of new energy vehicles. Hangzhou Heatwell Electric Heating Technology Co., Ltd. was incorporated in 2002 and is headquartered in Hangzhou, China.

Company Details

  • SectorIndustrials
  • IndustryElectrical Equipment & Parts
  • CEOMr. Yue Bin Lu
  • Employees2.56K
  • HeadquartersNo. 576, Jianye Road, Hangzhou, China, 310052, China
  • Websitehttps://www.heatwellkawai.com

Leadership

  • Mr. Yue Bin LuGM & Director · b. 1974
  • Ms. Yuan ShenChief Financial Officer · b. 1984
  • Mr. Haijiang ZhangDeputy General Manager · b. 1985
  • Mr. Feng QianDeputy GM & Director · b. 1976
  • Mr. Claire ZhangSecretary to the Board & Director · b. 1981

Financials

Income Statement

Currency: CNY2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.34B1.46B1.80B1.69B1.68B1.92B2.13B
Growth (%)-+8.91%+23.83%-6.41%-0.65%+14.80%+10.49%
Cost of Revenue914.01M1.02B1.31B1.20B1.17B1.33B1.48B
Gross Profit422.61M433.55M496.04M485.26M503.50M592.69M648.76M
Gross Margin31.62%29.78%27.52%28.77%30.04%30.80%30.52%
Operating Expense201.65M266.44M228.23M221.11M226.32M252.35M281.97M
Operating Income220.96M167.10M267.80M264.15M277.18M340.34M366.79M
Operating Margin16.53%11.48%14.86%15.66%16.54%17.69%17.25%
EBITDA277.45M233.57M342.66M373.89M391.20M458.73M495.03M
EBITDA Margin20.76%16.05%19.01%22.16%23.34%23.84%23.29%
Net Income172.80M114.26M231.61M241.53M250.00M299.74M323.12M
Net Income Margin12.93%7.85%12.85%14.32%14.92%15.58%15.20%
R&D71.74M73.15M99.85M97.60M93.51M101.71M109.03M
R&D as % of Total Revenue5.37%5.03%5.54%5.79%5.58%5.29%5.13%
Interest Expense19.80M19.67M15.98M21.43M12.80M8.30M6.33M
Interest Expense % of Total Revenue1.48%1.35%0.89%1.27%0.76%0.43%0.30%

Balance Sheet

Currency: CNY2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.40B1.90B2.02B2.10B2.76B2.99B3.04B
Total Liabilities781.20M1.10B1.12B1.05B763.48M877.48M859.95M
Total Equity583.39M763.96M900.30M1.04B1.99B2.10B2.17B
Cash91.36M260.03M247.03M206.08M624.97M448.53M448.08M
Total Debt325.90M560.56M487.06M545.19M312.47M312.08M-
Net Debt234.53M300.53M240.03M339.11M-312.50M-136.45M-

Cash Flow

Currency: CNY2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow154.79M364.47M213.05M280.33M393.14M259.92M350.97M
Investing Cash Flow-407.35M-264.25M-32.88M-260.88M-438.21M-259.14M-
Financing Cash Flow189.83M68.93M-186.00M-71.81M454.70M-178.40M-
Capital Expenditure88.59M131.62M337.71M279.98M136.01M128.02M115.41M
Free Cash Flow66.20M232.85M-124.67M352.98K257.13M131.90M235.55M
Dividends Paid127.50M147.82M103.09M110.00M123.28M206.10M287.51M
FCF to OCF42.77%63.89%-58.52%0.13%65.40%50.75%67.12%
Dividend Paid to FCF192.62%63.48%-82.70%31163.50%47.94%156.25%122.06%

Key Statistics & Ratios

Market Cap7.94B
Enterprise Value7.86B
Trailing P/E24.06
Forward P/E0.00
Price / Sales3.54
Price / Book4.03
EPS0.82
Book Value5.08
Revenue (TTM)2.25B
Gross Profit (TTM)651.38M
EBITDA489.49M
Profit Margin14.52%
Operating Margin15.75%
Return on Equity16.06%
Return on Assets7.94%
Shares Outstanding402.40M
Shares Float42.32M
Beta0.91
Dividend Yield3.55%
Dividend Rate0.70
Payout Ratio85.37%

Dividends

20261×
0.70May 20, 2026
20251×
0.70May 16, 2025
20241×
0.50May 21, 2024