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    Industrial - Machinery
Huaming Power Equipment Co.,Ltd

Huaming Power Equipment Co.,Ltd

002270.SZ
Huaming Power Equipment Co.,LtdCN flagShenzhen Stock Exchange
18.89
CNY
-0.97
- -
16.93BMarket Cap
Huaming Power Equipment Co.,Ltd
002270.SZ
(Shenzhen Stock Exchange)

Recent

price

18.89

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.14
1.62
1.07
1.32
1.36
1.42
1.37
2.36
1.56
1.59
1.81
2.02
2
2.21
2.61
2.7
1.96
Revenue per Share
0.09
0.12
0.07
0.07
0.39
0.48
0.31
0.4
0.22
0.2
0.38
0.55
0.42
0.61
0.69
0.79
0.55
Basic EPS, GAAP
-0.06
-0.31
0.13
0.12
0.02
0.23
-0.2
-0.38
0.5
0.13
0.19
0.23
0.5
0.63
0.87
0.55
-0.09
Free Cash Flow per Basic Share
0.11
0.07
0.03
0.03
0.11
0.24
0.06
0.02
0.11
0.12
0.17
0.27
0.44
0.59
0.84
0.68
0.21
Dividend per Share
0.97
1.25
1.16
1.22
1.05
1.66
1.19
1.57
1.74
1.88
2.16
2.52
2.39
2.34
2.14
2.3
2.29
Book Value per Share
1.67
2.14
1.72
1.81
1.09
3.56
2.26
2.63
2.75
2.8
3.05
3.32
3.54
3.49
3.29
3.25
3.24
Tangible Book Value per Share
277
223
286
278
422
424
757
766
746
755
756
758
856
889
890
898
893
Basic Weighted Avg Shares
316
361
307
366
572
603
1,037
1,809
1,159
1,203
1,368
1,532
1,712
1,961
2,322
2,427
1,753
Sales/Revenue/Turnover
6.75
6.77
3.06
4.91
33.54
39.56
26.73
22.75
22.9
20.87
22.05
22.13
24.5
29.09
29.22
32.44
29.89
Operating Margin (%)
15
17
22
24
13
12
36
35
36
44
47
87
91
93
97
100
- -
Depreciation Expense
26
27
19
19
163
203
237
306
164
151
287
417
359
542
614
710
489
Net Income, GAAP
19.88
14.63
13.57
12.33
16.24
15.14
16.55
18.82
6.57
6.46
19.55
18.65
13.15
14.73
14.71
15.16
15.1
Effective Tax Rate (%)
8.11
7.42
6.22
5.06
28.52
33.72
22.87
16.94
14.15
12.56
21
27.21
21
27.66
26.45
29.25
27.88
Profit Margin (%)
254
177
196
225
357
1,146
1,358
1,648
1,903
1,849
1,970
1,740
2,126
2,243
2,023
2,193
1,718
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
725
876
990
347
319
254
231
729
484
LT Debt
549
561
573
582
515
1,680
1,878
2,181
2,358
2,410
2,617
2,850
3,339
3,363
3,181
3,172
3,150
Total Equity
3
3.65
1.42
2.72
27.81
17.71
12.75
14.8
8.44
7.2
7.17
8.01
10.28
13.34
16.24
17.17
11.06
Return on Invested Capital (%)
9.13
9.41
6.14
4.69
40.06
33.17
28.03
24.49
10.3
8.43
12.95
16.96
14.16
21.44
25.39
25.45
17.86
Return on Capital (%)
9.42
9.8
6.25
5.53
41.73
35.47
29.58
29.13
13.1
11.12
18.83
23.51
18.15
26.27
30.79
35.7
23.72
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
326
457
LT Borrowings
- -
393
393
LT Finance Leases
- -
336
91
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
896
896
Market Capitalization
17,752
22,439
24,173

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
3,274
3,034
Cash, Cash Equivalents & STI
- -
1,295
1,011
Accounts Receivable, Net
- -
537
823
Inventories
- -
387
434
Total Current Liabilities
- -
1,081
1,316
Payables & Accruals
- -
- -
- -
ST Debt
- -
326
457
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.79%
4.22%
-0.28%
Free Cash Flow
-21.29%
40.31%
-36.58%
Net Income, GAAP
19.28%
22.21%
15.54%
Sales/Revenue/Turnover
18.92%
12.24%
4.5%
Total Cash Common Dividend
69.33%
41.43%
-17.67%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
451
670
578
624
2,322
2025
510
612
- -
611
2,427
2026
530
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.14
- -
- -
- -
0.69
2025
0.19
- -
- -
- -
0.79
2026
0.18
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.84
2025
0.06
- -
- -
- -
0.68
2026
- -
- -
- -
- -
- -
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Business
Huaming Power Equipment Co., Ltd specializes in the research, development, manufacturing, and sales of power equipment, primarily focusing on on-load tap changers and de-energized tap changers for transformers. Its product portfolio includes conventional, vacuum, dry type, and gas-insulated on-load tap changers as well as cage and drum type de-energized tap changers. The company also produces key accessories such as motor drive units, controllers, and online oil filters. Beyond tap changers, Huaming engages in CNC equipment manufacturing, including complete CNC machine sets and laser products. It extends into EPC (engineering, procurement, and construction) services for renewable energy projects, including new energy power stations and photovoltaic power generation. The company serves power grids, energy sectors, chemical, metallurgical, railway projects, and exports to about 80 countries globally. Founded in 1989 and headquartered in Shanghai, China, Huaming has grown to over 1,600 employees with 10 subsidiaries, 5 overseas branches, and 4 modern manufacturing plants. A recent major development is the opening of its international headquarters in Singapore in 2025 to leverage global energy transition opportunities. The company has also achieved operational milestones with its CHVT vacuum on-load tap changer passing ultra-high voltage converter transformer factory testing and entering batch operation. Huaming continues to expand its sustainable development strategies and has signed strategic framework agreements with prominent Chinese electrical equipment groups, reflecting its commitment to innovation and growth in power equipment and renewable energy sectors. Recent corporate activities include proposals for debt restructuring and asset transfers aimed at optimizing operational efficiency and investment in new energy projects. Huaming operates predominantly in power equipment manufacturing, power engineering contracting, CNC equipment production, and renewable energy power generation. It targets utilities, industrial users, and power projects across Asia, the Americas, Europe, Africa, and Oceania. The firm was formerly known as Shandong FIN CNC Machine Co., Ltd before renaming to Huaming Power Equipment Co., Ltd in 2016. Its business strategy integrates high-technology product development with full lifecycle operation and maintenance services, supporting its global footprint and diversified industrial segments. This comprehensive product and service offering combined with strategic international expansion and technological advancements positions Huaming as a leading player in transformer tap changers and renewable energy infrastructure equipment globally. All information is current as of December 2025 based on company disclosures and recent industry updates.