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Hangzhou First PV Material Co Ltd

603806 · SHG · Technology / Semiconductor Equipment & Materials

12.17CNY-0.34 (-2.72%)

Price History

Full chart

Market Stats

Previous Close12.51
Open12.47
Day Range12.13 – 12.51
52-Week Range12.97 – 20.16
Volume20.82M
Market Cap36.16B
P/E (TTM)33.00
Forward P/E0.00
EPS0.42
Dividend Yield0.00%
Beta0.85
50-Day Avg14.72
200-Day Avg16.38

About

Hangzhou First Applied Material Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sales of new materials in China and internationally. It operates through Photovoltaic Materials, Electronic Materials, Functional Film Materials, and Coating Materials divisions. The company offers photovoltaic encapsulant film, such as EVA film for PV module, POE encapsulant, co-extrusion film, color encapsulant, light conversion film, and special film for busbar-free (0BB) PV module; backsheet for PV module; and isolation strips, reflective gap encapsulant, moisture barrier sealant, structural adhesive, insulating ink, isolating ink, and wet-film photoresist. It also provides dry film photoresist, photoimageable coverlay, and flexible copper clay laminates; and dry lamination process series aluminum plastic film and hot pressing process series aluminum plastic film. In addition, the company offers membrane support fabric comprising reverse osmosis membrane support fabric, ultrafiltration/microfiltration, membrane support fabric, and PV paper; OLED display panel encapsulation ink; and optoelectronic materials. Further, it is involved in solar power generation system, enterprise management consulting, software and information technology, and equity and industrial investment activities. Additionally, the company provides photovoltaic films, photovoltaic backsheets, photosensitive dry films, solar power generation systems, and other products. It also exports its products. The company was formerly known as Hangzhou First PV Material Co., Ltd. and changed its name to Hangzhou First Applied Material Co., Ltd. in March 2017. Hangzhou First Applied Material Co., Ltd. was founded in 2003 and is headquartered in Hangzhou, China.

Company Details

  • SectorTechnology
  • IndustrySemiconductor Equipment & Materials
  • CEOMr. Jianhua Lin
  • Employees4.55K
  • HeadquartersNo. 8 Foster Street, Hangzhou, China, 311300, China
  • Websitehttps://www.firstpvm.com

Leadership

  • Mr. Jianhua LinPresident & Chairman · b. 1962
  • Mr. Guang Da ZhouGM & Director · b. 1981
  • Ms. Jian Qin XuCFO, Deputy GM & Director · b. 1970
  • Mr. Tianyi LinDeputy GM & Director · b. 1989
  • Mr. Zhang YingSecretary of the board · b. 1981
  • Mr. Jianjun PanDeputy General Manager · b. 1985
  • Ms. Xiong XiDeputy General Manager · b. 1988
  • Yu Peng WuAccounting Supervisor

Financials

Income Statement

Currency: CNY2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue423.63M1.70B2.46B2.19B1.96B2.39B3.33B3.95B4.58B4.81B6.38B8.39B12.86B18.88B22.59B19.15B15.49B
Growth (%)-+302.00%+44.37%-10.77%-10.78%+21.89%+39.69%+18.57%+16.03%+4.90%+32.61%+31.59%+53.20%+46.82%+19.66%-15.23%-19.10%
Cost of Revenue241.41M939.47M1.55B1.22B1.20B1.69B2.24B2.76B3.63B3.87B5.09B6.02B9.65B16.09B19.33B16.40B13.79B
Gross Profit182.23M763.55M904.97M972.29M754.80M693.48M1.09B1.19B954.73M940.65M1.28B2.38B3.21B2.79B3.25B2.75B1.70B
Gross Margin43.02%44.84%36.81%44.32%38.56%29.07%32.77%30.23%20.82%19.56%20.14%28.30%24.93%14.77%14.41%14.36%10.96%
Operating Expense43.61M126.67M189.79M177.80M56.61M211.86M348.53M225.20M277.79M82.28M190.54M586.10M735.19M1.09B1.21B1.23B756.42M
Operating Income138.62M636.88M715.18M794.49M698.19M481.62M743.53M969.48M676.94M858.37M1.09B1.79B2.47B1.70B2.05B1.52B940.89M
Operating Margin32.72%37.40%29.09%36.22%35.67%20.19%22.31%24.53%14.76%17.85%17.16%21.32%19.22%9.00%9.06%7.92%6.07%
EBITDA145.90M654.35M743.62M800.68M708.76M493.95M738.88M989.77M711.20M564.81M962.16M1.90B2.63B1.80B2.07B1.84B1.41B
EBITDA Margin34.44%38.42%30.25%36.50%36.21%20.70%22.17%25.05%15.51%11.74%15.09%22.58%20.44%9.56%9.15%9.59%9.13%
Net Income123.69M551.68M611.06M502.48M595.55M432.09M647.29M847.74M585.19M751.26M957.06M1.57B2.20B1.58B1.85B1.31B769.68M
Net Income Margin29.20%32.39%24.85%22.90%30.43%18.11%19.42%21.45%12.76%15.62%15.01%18.65%17.08%8.36%8.19%6.83%4.97%
R&D--97.57M87.21M78.61M88.44M112.38M148.15M152.84M179.48M202.88M309.08M453.59M644.80M792.03M657.27M467.64M
R&D as % of Total Revenue--3.97%3.98%4.02%3.71%3.37%3.75%3.33%3.73%3.18%3.68%3.53%3.42%3.51%3.43%3.02%
Interest Expense1.67M1.94M1.77M6.14M4.40M1.54M169.46K4.47M5.14M9.56M6.05M11.50M8.35M23.13M78.94M59.27M43.22M
Interest Expense % of Total Revenue0.39%0.11%0.07%0.28%0.22%0.06%0.01%0.11%0.11%0.20%0.09%0.14%0.06%0.12%0.35%0.31%0.28%

Balance Sheet

Currency: CNY2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets341.23M916.37M1.49B2.10B2.35B4.26B4.83B5.50B5.70B6.46B8.31B11.54B13.69B20.19B21.84B21.21B20.62B
Total Liabilities160.02M183.47M192.20M301.15M446.28M457.92M566.45M655.07M674.52M900.19M1.78B2.52B1.50B6.18B6.04B4.59B4.02B
Total Equity181.21M732.90M1.30B1.80B1.90B3.80B4.27B4.84B5.03B5.55B6.52B9.02B12.18B13.98B15.07B16.41B16.44B
Cash29.51M184.11M303.64M573.44M540.07M150.43M669.73M324.22M338.58M493.60M1.88B1.68B2.67B6.27B5.34B5.01B2.39B
Total Debt66.50M--41.20M179.61M9.12M30.90M15.45M2.10M15.41M909.55M1.35B12.93M3.82B3.64B3.09B-
Net Debt36.99M-184.11M-303.64M-532.24M-360.46M-141.31M-638.83M-308.77M-336.48M-478.19M-971.70M-321.90M-2.66B-2.44B-1.70B-1.91B433.26M

Cash Flow

Currency: CNY2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow42.67M267.92M272.91M317.51M406.97M99.87M415.95M295.09M242.96M169.57M434.94M272.34M-147.56M26.04M-16.84M4.39B1.46B
Investing Cash Flow-79.59M-77.68M-71.52M-91.21M-82.70M-1.21B-199.46M-517.23M240.61M150.99M-19.62M-1.83B1.52B-307.34M-284.65M-3.44B-
Financing Cash Flow51.43M-57.22M-57.08M47.20M-461.26M1.40B-191.21M-236.34M-445.16M-226.31M864.03M1.38B-346.10M3.98B-643.07M-1.23B-
Capital Expenditure78.69M77.71M71.56M97.34M104.50M64.99M114.46M283.26M204.66M195.51M165.32M355.79M536.03M576.94M742.86M642.82M435.78M
Free Cash Flow-36.02M190.22M201.35M220.17M302.47M34.88M301.49M11.83M38.31M-25.93M269.62M-83.45M-683.59M-550.90M-768.95M3.75B1.03B
Dividends Paid1.76M1.29M46.77M2.39M497.45M103.34M180.95M281.40M402.00M241.72M235.17M287.43M346.30M332.89M199.73M524.05M694.34M
FCF to OCF-84.43%71.00%73.78%69.34%74.32%34.93%72.48%4.01%15.77%-15.29%61.99%-30.64%463.26%-2115.69%4565.63%85.35%70.20%
Dividend Paid to FCF-4.90%0.68%23.23%1.09%164.46%296.24%60.02%2378.74%1049.44%-932.10%87.22%-344.42%-50.66%-60.43%-25.97%13.99%67.63%

Earnings

Report DateSep 30, 2014Dec 31, 2014Apr 30, 2015Aug 19, 2015Dec 2, 2015Mar 28, 2016Apr 27, 2016Aug 18, 2016Oct 25, 2016Mar 21, 2017Apr 25, 2017Aug 15, 2017Oct 23, 2017Mar 15, 2018Apr 28, 2018Aug 24, 2018Oct 31, 2018Feb 27, 2019Apr 30, 2019Aug 16, 2019Oct 25, 2019Mar 20, 2020Apr 23, 2020Aug 6, 2020Oct 25, 2020Mar 25, 2021Apr 19, 2021Aug 17, 2021Oct 28, 2021Mar 17, 2022Apr 29, 2022Aug 29, 2022Oct 28, 2022Dec 31, 2022Apr 21, 2023Aug 24, 2023Oct 27, 2023Jan 24, 2024Apr 11, 2024Aug 23, 2024Oct 30, 2024Apr 9, 2025Aug 26, 2025Sep 30, 2025Dec 31, 2025Apr 8, 2026Aug 19, 2026
EPS Estimate---------------------0.25---0.67---0.670.130.180.380.310.200.500.340.360.260.260.240.140.020.100.170.170.21
EPS Actual0.070.060.090.130.080.190.130.230.140.190.080.120.100.180.190.170.100.330.290.210.220.420.180.240.320.560.640.320.330.640.130.220.360.020.140.280.200.240.180.150.130.020.030.070.020.020.18
Surprise---------------------68.00%----16.42%----4.48%0.00%22.22%-5.26%-93.55%-30.00%-44.00%-41.18%-33.33%-30.77%-42.31%-45.83%-85.71%50.00%-30.00%-88.24%-88.24%-14.29%
Timing--Pre-marketAfter-hours-After-hoursAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-market-Pre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-market-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours--After-hoursAfter-hours

Key Statistics & Ratios

Market Cap36.16B
Enterprise Value31.59B
Trailing P/E33.00
Forward P/E0.00
Price / Sales2.49
Price / Book2.23
EPS0.42
Book Value6.43
Revenue (TTM)14.52B
Gross Profit (TTM)1.89B
EBITDA1.71B
Profit Margin7.69%
Operating Margin14.78%
Return on Equity6.56%
Return on Assets3.54%
Shares Outstanding2.61B
Shares Float981.08M
Beta0.85
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio35.71%

Dividends

20231×
0.15May 26, 2023
20221×
0.25May 25, 2022
20211×
0.23May 24, 2021
20201×
0.23May 18, 2020
20191×
0.14May 17, 2019
20181×
0.18May 30, 2018
20171×
0.23Apr 27, 2017
20161×
0.16Apr 29, 2016
20151×
0.11May 21, 2015

Stock Splits

  • May 26, 2023188394:134567
  • May 25, 20227:5
  • May 24, 20216:5
  • May 18, 20207:5
  • May 30, 201813:10