Hoymiles Power Electronics Inc

Hoymiles Power Electronics Inc

688032 · SHG · Industrials / Electrical Equipment & Parts

62.90CNY-2.56 (-3.91%)

Price History

Full chart

Market Stats

Previous Close65.46
Open65.24
Day Range62.86 – 65.46
52-Week Range65.66 – 142.70
Volume936.84K
Market Cap8.38B
P/E (TTM)0.00
Forward P/E0.00
EPS-2.78
Dividend Yield0.00%
Beta0.20
50-Day Avg73.38
200-Day Avg96.12

About

Hoymiles Power Electronics Inc. engages in the research, development, production, processing, and sale of microinverters and monitoring equipment, energy storage systems, and photovoltaic power generation systems in China and internationally. The company offers microinverters, micro storage products, and accessories; all-in-one BESS, energy storage batteries, and EV chargers; communication products, including data sticks (DTS) and data transfer units (DTU); one-to-one, one-to-two, one-to-four, and one-to-eight inverters; monitoring cloud service platforms; photovoltaic inverters; liquid-cooled energy storage integrated systems, battery management systems, energy management systems, and balcony energy storage systems; PCS and rapid shutdown products; string inverters and PCS-MV stations; energy storage inverters and circuit breakers; and DIY, residential, C&I, and utility solutions. It also engages in commerce and trade activities; and operates an online shop for its products. The company's products are used in residential, commercial, industrial, and utility-scale applications. It serves homeowners, business owners, and project owners, as well as financial leasing companies. Hoymiles Power Electronics Inc. was incorporated in 2012 and is headquartered in Hangzhou, China.

Company Details

  • SectorIndustrials
  • IndustryElectrical Equipment & Parts
  • CEOMr. Bo Yang
  • Employees2.27K
  • HeadquartersNo. 408, Xiju Road, Hangzhou, China, 310015, China
  • Websitehttps://www.hoymiles.com

Leadership

  • Mr. Bo YangGM & Director · b. 1981
  • Ms. Xinyuan LiFinancial Director · b. 1987
  • Mr. Yi ZhaoDeputy GM & Director · b. 1983
  • Mr. Lei ZhouDeputy GM & Director · b. 1982
  • Ms. Junlin LiangBoard Secretary · b. 1989
  • Zhihui XuAccounting Supervisor & Head of Accounting Department

Financials

Income Statement

Currency: CNY2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue249.30M306.88M460.05M495.02M795.19M1.54B2.03B1.99B1.93B
Growth (%)-+23.10%+49.91%+7.60%+60.64%+93.23%+31.86%-1.63%-3.06%
Cost of Revenue188.67M209.15M273.52M290.25M455.82M846.11M1.16B1.18B1.45B
Gross Profit60.63M97.72M186.53M204.77M339.36M690.40M861.28M813.67M1.93B
Gross Margin24.32%31.84%40.55%41.37%42.68%44.93%42.51%40.83%100.00%
Operating Expense70.21M66.79M92.31M85.70M116.94M78.29M269.20M458.21M2.16B
Operating Income-9.57M30.93M94.21M119.07M222.42M612.11M592.07M355.46M-232.48M
Operating Margin-3.84%10.08%20.48%24.05%27.97%39.84%29.22%17.84%-12.03%
EBITDA-10.49M29.97M104.59M126.87M234.71M626.16M621.34M410.00M-186.36M
EBITDA Margin-4.21%9.77%22.73%25.63%29.52%40.75%30.67%20.57%-9.65%
Net Income-19.65M15.86M80.54M104.11M201.74M532.55M511.85M344.22M-160.39M
Net Income Margin-7.88%5.17%17.51%21.03%25.37%34.66%25.26%17.27%-8.30%
R&D13.36M14.83M25.68M28.87M45.78M97.40M247.75M266.11M348.87M
R&D as % of Total Revenue5.36%4.83%5.58%5.83%5.76%6.34%12.23%13.35%18.06%
Interest Expense6.48M5.75M5.75M1.68M2.32M1.58M3.67M8.82M19.32M
Interest Expense % of Total Revenue2.60%1.87%1.25%0.34%0.29%0.10%0.18%0.44%1.00%

Balance Sheet

Currency: CNY2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets452.03M1.10B552.09M686.90M6.42B7.32B7.23B8.33B8.38B
Total Liabilities256.30M894.17M277.71M309.74M437.69M909.14M848.53M1.98B2.65B
Total Equity174.24M193.84M274.38M377.15M5.99B6.41B6.38B6.36B5.72B
Cash77.66M196.45M180.84M177.31M5.58B5.29B4.84B4.11B3.57B
Total Debt76.50M90.50M94.17M31.55M41.54M12.42M59.54M452.17M-
Net Debt-1.16M-105.95M-86.67M-145.77M-5.54B-5.27B-4.77B-3.66B-

Cash Flow

Currency: CNY2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-59.40M74.21M557.14K93.78M149.99M426.07M40.70M66.89M-286.55M
Investing Cash Flow-78.59M-801.85M-49.19M-43.38M-152.50M-553.01M-3.21M-755.70M-
Financing Cash Flow205.20M841.36M32.46M-64.15M5.42B-178.55M-637.06M-8.68M-
Capital Expenditure111.77M819.35M140.72M42.50M43.41M470.10M303.97M737.36M507.92M
Free Cash Flow-171.17M-745.13M-140.16M51.28M106.58M-44.03M-263.26M-670.46M-794.47M
Dividends Paid5.96M5.49M5.54M2.92M1.67M120.00M494.49M297.48M407.94M
FCF to OCF288.15%-1004.02%-25156.87%54.68%71.06%-10.33%-646.76%-1002.28%277.25%
Dividend Paid to FCF-3.48%-0.74%-3.95%5.70%1.57%-272.54%-187.83%-44.37%-51.35%

Earnings

Report DateFeb 25, 2022Apr 29, 2022Aug 29, 2022Oct 26, 2022Feb 27, 2023Apr 26, 2023Aug 30, 2023Oct 29, 2023Feb 25, 2024Jun 30, 2024Oct 30, 2024Feb 27, 2025Aug 28, 2025Sep 30, 2025Feb 27, 2026
EPS Estimate---1.062.691.213.191.691.030.960.821.870.520.871.39
EPS Actual1.431.562.041.263.031.332.070.540.850.980.470.830.21-0.61-0.83
Surprise---18.87%12.64%9.92%-35.11%-68.05%-17.48%2.08%-42.68%-55.62%-59.62%-170.27%-159.71%
TimingPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-market-Pre-marketPre-marketPre-market-Pre-market

Key Statistics & Ratios

Market Cap8.38B
Enterprise Value6.60B
Trailing P/E0.00
Forward P/E0.00
Price / Sales3.10
Price / Book1.59
EPS-2.78
Book Value45.05
Revenue (TTM)2.71B
Gross Profit (TTM)516.20M
EBITDA-372.60M
Profit Margin-12.61%
Operating Margin-16.04%
Return on Equity-6.00%
Return on Assets-3.25%
Shares Outstanding124.07M
Shares Float51.97M
Beta0.20
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Dividends

20251×
3.20Jun 19, 2025
20241×
2.42Jun 19, 2024
20232×
1.61Oct 31, 20232.39Jun 13, 2023
20221×
0.97Jun 7, 2022

Stock Splits

  • Jun 19, 20241.49:1
  • Jun 13, 20231.49:1
  • Jun 7, 20221.4:1