Tat Hong Equipment Service Co. Ltd.

Tat Hong Equipment Service Co. Ltd.

HHKEX:2153
0.83
HKD
0.00
(0.00%)
1.10BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.47
0.56
0.64
0.85
0.74
0.66
0.58
0.54
0.5
- -
Basic EPS, GAAP
0.04
0.06
0.07
0.11
0.04
-0.03
-0.08
-0.1
-0.1
- -
Free Cash Flow per Basic Share
0.07
0.07
0.01
-0.02
-0.3
-0.22
-0.09
0.02
0.05
- -
Dividend per Share
- -
- -
0.01
0.01
0.02
0.04
- -
- -
- -
- -
Book Value per Share
0.79
0.84
0.9
1.33
1.35
1.3
1.22
1.11
1.01
1.01
Tangible Book Value per Share
0.76
0.79
0.86
1.29
1.31
1.27
1.19
1.09
0.99
0.99
Basic Weighted Avg Shares
1,167
1,167
1,167
937
1,167
1,167
1,167
1,167
1,167
1,167
Sales/Revenue/Turnover
549
656
745
793
867
771
682
635
582
- -
Operating Margin (%)
14.62
19.25
19.25
18.88
8.08
5.29
-5.3
-6.97
-13.42
- -
Depreciation Expense
195
240
239
232
268
288
288
278
282
- -
Net Income, GAAP
51
68
76
101
48
-36
-96
-121
-121
- -
Effective Tax Rate (%)
6.46
21.45
31.25
25.51
- -
- -
- -
- -
- -
- -
Profit Margin (%)
9.3
10.42
10.26
12.77
5.49
-4.65
-14.02
-19
-20.74
- -
Working Capital
-141
233
385
709
452
384
395
128
80
80
LT Debt
298
518
549
391
509
665
671
600
600
600
Total Equity
916
981
1,050
1,551
1,570
1,518
1,421
1,302
1,182
1,182
Return on Invested Capital (%)
- -
6.24
6.02
5.83
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
6
5.89
6.43
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
7.2
7.53
7.79
3.05
-2.32
-6.51
-8.86
-9.73
- -

Capital Structure

CNY

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
664
674
619
LT Borrowings
507
474
498
LT Finance Leases
93
115
102
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,167
1,167
1,167
Market Capitalization
1,360
1,131
968

Working Capital

CNY

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
1,232
1,228
1,125
Cash, Cash Equivalents & STI
159
147
156
Accounts Receivable, Net
684
741
636
Inventories
35
43
51
Total Current Liabilities
1,104
1,082
1,045
Payables & Accruals
- -
- -
- -
ST Debt
664
674
619
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-5.21%
-9.24%
Free Cash Flow
- -
273.46%
149.14%
Net Income, GAAP
- -
-6.99%
0.06%
Sales/Revenue/Turnover
- -
-5.71%
-8.33%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
682
2025
- -
- -
635
2026
- -
- -
582

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.08
2025
- -
- -
-0.1
2026
- -
- -
-0.1

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Kok San Yau
Full Time Employees
682
Sector
Finance
Industry
Finance/Rental/Leasing
Address
Room 601 Shanghai SH China 201106
IPO Date
Jan 13, 2021
Business
Tat Hong Equipment Service Co., Ltd. is a leading provider of one-stop tower crane solution services primarily operating in the People's Republic of China and expanding in the Asia-Pacific region. The company offers a comprehensive portfolio of products and services including consultation, technical solution design, commissioning, construction, installation, maintenance, leasing, and after-sales services for tower cranes. These services primarily serve engineering, procurement, and construction (EPC) contractors involved in infrastructure, clean energy (thermal power, nuclear power, wind power), traditional energy, general construction, commercial building, and residential building projects. Tat Hong manages a large fleet of tower cranes with lifting capacities ranging from medium to large scale, supported by continuous research and development efforts, with over 150 registered patents related to tower crane technologies. In the past 1-2 years, Tat Hong has strategically diversified its business by reducing reliance on the domestic real estate sector and increasing its focus on clean energy projects and key overseas markets, notably expanding its presence in Indonesia and the Greater Bay Area. The company has invested significantly in digitalizing its management platforms and enhancing its research and development capabilities in tower crane technical solutions to improve operational efficiency and service excellence. Despite industry challenges such as weak domestic demand and market competition, Tat Hong focuses on expanding its fleet of large-tonnage tower cranes and strengthening its technical capabilities to secure new projects. It aims to become the best construction equipment service provider in its industry through technical innovation and market diversification. Tat Hong was founded in the 1970s and is headquartered in Shanghai, China. It is recognized as the first foreign-owned tower crane service provider established in China and operates multiple subsidiaries and bases across various cities including Beijing, Guangzhou, and Yizheng. The company’s leadership underscores its commitment to corporate values of virtue, safety, and excellence as it navigates economic pressures and market shifts while pursuing strategic growth in clean energy and international markets. Its ongoing efforts include optimizing operations, enhancing resource sharing, and cost reduction to sustain long-term business development. This comprehensive profile reflects Tat Hong's core business activities, recent strategic shifts, and its operational footprint as of late 2025.