Hangzhou Changchuan Technology Co.,Ltd

Hangzhou Changchuan Technology Co.,Ltd

300604.SZ
Hangzhou Changchuan Technology Co.,LtdCN flagShenzhen Stock Exchange
352.31
CNY
-21.69
- -
223.51BMarket Cap
Hangzhou Changchuan Technology Co.,Ltd
300604.SZ
(Shenzhen Stock Exchange)

Recent

price

352.31

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
0.33
0.31
0.38
0.41
0.7
1.33
2.56
4.3
2.75
5.8
8.43
6.7
Revenue per Share
- -
- -
- -
0.08
0.1
0.11
0.07
0.02
0.14
0.37
0.77
0.07
0.73
2.12
1.79
Basic EPS, GAAP
- -
- -
- -
-0.04
0.01
-0.05
-0.09
-0.12
0.04
-0.29
-0.16
-1.67
0.53
0.01
-0.7
Free Cash Flow per Basic Share
- -
- -
- -
0.01
- -
0.02
0.02
0.03
- -
0.06
0.11
0.13
0.15
0.19
0.07
Dividend per Share
- -
- -
- -
0.28
0.31
0.37
0.51
0.76
0.84
1.65
2.24
2.09
2.67
4.58
5.1
Book Value per Share
- -
- -
- -
0.6
0.55
0.86
0.87
1.21
1.6
3.24
3.86
4.4
4.64
6.7
7.15
Tangible Book Value per Share
- -
- -
- -
305
395
477
533
567
606
590
599
645
628
628
633
Basic Weighted Avg Shares
20
43
78
102
124
180
216
399
804
1,511
2,577
1,775
3,642
5,292
4,243
Sales/Revenue/Turnover
16.87
20.52
30.82
19.86
23.13
29.03
13.13
3.41
12.86
17.23
21.43
2.34
18.89
28.52
31.88
Operating Margin (%)
- -
1
1
1
2
2
3
15
21
36
52
76
107
131
- -
Depreciation Expense
5
10
24
25
41
50
36
12
85
218
461
45
458
1,331
1,135
Net Income, GAAP
3.47
11.74
10.61
16.85
11.67
7.03
- -
- -
- -
0.59
3.64
- -
1.98
- -
- -
Effective Tax Rate (%)
23.86
22.86
31
24.53
33.36
27.95
16.88
2.99
10.56
14.44
17.9
2.54
12.59
25.16
26.74
Profit Margin (%)
27
36
60
172
202
360
270
532
754
1,613
1,830
2,262
2,259
3,885
4,377
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
4
11
125
348
702
1,096
1,312
LT Debt
30
40
64
183
224
419
471
997
1,274
2,323
2,853
3,470
3,647
5,345
5,712
Total Equity
- -
19.43
34.78
12.93
12.43
15.17
- -
- -
- -
13.64
19.25
- -
14.07
- -
- -
Return on Invested Capital (%)
- -
34.36
51.86
35.58
40.19
31.5
- -
- -
- -
17.9
23.47
- -
14.66
- -
- -
Return on Capital (%)
- -
38.99
58.87
37.46
40.19
33.55
16.28
3.41
18.05
29.44
39.81
3.36
30.35
58.51
45.22
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
1,077
1,092
LT Borrowings
- -
1,079
1,297
LT Finance Leases
- -
16
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
634
634
634
Market Capitalization
62,263
63,319
76,602

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
8,200
8,487
Cash, Cash Equivalents & STI
- -
2,051
1,657
Accounts Receivable, Net
- -
1,989
2,129
Inventories
- -
3,557
3,942
Total Current Liabilities
- -
4,316
4,110
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,077
1,092
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
44.02%
35.69%
46.59%
Free Cash Flow
-101.62%
-15.3%
-97.92%
Net Income, GAAP
188.77%
256.77%
190.42%
Sales/Revenue/Turnover
55.12%
55.57%
45.31%
Total Cash Common Dividend
- -
287.6%
21.99%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
559
969
1,007
1,106
3,642
2025
815
1,352
- -
1,513
5,292
2026
1,378
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.73
2025
0.18
- -
- -
- -
2.12
2026
0.56
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
- -
- -
- -
0.15
2025
0.02
- -
- -
- -
0.19
2026
0.02
- -
- -
- -
- -
Business
Hangzhou Changchuan Technology Co., Ltd. (300604.SZ) researches, develops, produces and sells integrated circuit testing equipment and high-frequency communication materials for integrated circuit packaging and testing companies, wafer manufacturers and chip design companies. The company offers testers including high-power testers, analog testers, digital testers and SoC/memory testers; handlers such as gravity handlers, pick-and-place handlers and integrated handlers; probers; AOI optical inspection equipment comprising wafer optical appearance inspection equipment and circuit packaging optical appearance inspection equipment; as well as automatic equipment. Products serve applications in automotive electronics, 5G communications, cloud computing and other chip testing fields. Founded in April 2008 and headquartered at No. 500 Chuangzhi Street, Binjiang District, Hangzhou, China, the company listed on the Shenzhen Stock Exchange's Growth Enterprise Market in April 2017 and employs over 4,000 staff, with more than 50% in research and development. It operates branches in Japan, Shanghai, Beijing, Chengdu, Harbin, Suzhou, Neijiang, Changsha, Hefei and other locations, with major markets in mainland China and Taiwan alongside expansion into the United States, United Kingdom, Germany, South Korea, Singapore, Malaysia, Thailand, the Philippines and additional countries. Subsidiaries and acquisitions include Singapore AOI equipment manufacturer STI, Japan's SATO semiconductor business department, Malaysia test equipment manufacturer EXIS and CoreVision Technology (Suzhou) Co., Ltd. In recent developments, Hangzhou Changchuan Technology advances a private placement to raise up to RMB 3.132 billion, its largest direct financing since listing, to fund semiconductor equipment research and development projects including high-end SoC and memory testers as well as to supplement working capital. The company proposes acquiring the remaining 49% equity in CoreVision Technology for RMB 119 million at a premium exceeding five times net assets to achieve full ownership, integrate visual R&D capabilities and strengthen its testers-handlers-AOI product matrix. These moves accompany strong 2025 performance with third-quarter net profit forecasted to surge up to 215.75% year-over-year amid industry growth, alongside prior shareholder reductions by controlling parties.