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    Industrial machinery
Hangzhou Huaguang Advanced Welding Materials Co. Ltd. Class A

Hangzhou Huaguang Advanced Welding Materials Co. Ltd. Class A

SSSE:688379
45.46
CNY
-1.29
(-2.76%)
1.69EPS
49.03P/E
7.98BMarket Cap
Oct 31Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.48
8.08
6.29
7.97
10.11
10.17
11.64
11.71
13.66
14
16.33
22.36
29.63
41.91
Basic EPS, GAAP
0.67
0.51
0.28
0.53
0.67
0.75
0.9
0.88
0.51
0.1
0.48
0.94
2.18
1.71
Free Cash Flow per Basic Share
- -
- -
- -
-1.48
-1.49
-3
-2.99
-4.7
-6.25
-5.04
-2.84
-3.68
-2.58
- -
Dividend per Share
0.27
0.28
0.22
0.13
0.14
0.42
0.13
0.14
0.35
0.35
0.27
0.47
0.78
0.8
Book Value per Share
4.24
4.75
5.02
5.49
6.34
6.79
7.69
10.13
10.42
10.19
10.55
11.14
13.02
15.06
Tangible Book Value per Share
3.97
4.49
4.77
5.24
6.11
6.56
7.47
9.61
9.92
9.68
9.98
10.37
11.63
13.81
Basic Weighted Avg Shares
60
61
59
60
62
66
66
74
89
87
87
86
86
87
Sales/Revenue/Turnover
570
489
372
477
622
670
767
860
1,211
1,220
1,415
1,918
2,556
3,660
Operating Margin (%)
10.8
9.95
8.03
9.5
10.38
10.99
10.94
10.64
6.45
2.95
5.55
6.94
7.06
6.84
Depreciation Expense
- -
- -
- -
11
12
12
14
16
19
21
27
39
43
- -
Net Income, GAAP
40
31
17
32
41
49
59
65
45
9
42
81
188
150
Effective Tax Rate (%)
11.93
11.79
7.99
11.22
11.88
10.35
9.56
10.11
0.26
- -
- -
4.32
9.31
8.74
Profit Margin (%)
7.07
6.31
4.45
6.65
6.63
7.38
7.73
7.52
3.73
0.71
2.94
4.2
7.36
4.09
Working Capital
182
174
157
182
274
302
322
689
696
617
702
551
523
802
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
49
113
229
84
109
177
Total Equity
254
285
302
330
418
448
507
891
917
897
936
996
1,172
1,430
Return on Invested Capital (%)
11
7.51
3.5
5.68
7.32
8.1
9.11
7.27
4.01
- -
- -
4.75
9.28
5.83
Return on Capital (%)
12.18
8.24
3.98
8.79
9.87
10.31
10.93
8.47
5.47
- -
- -
6.68
10.81
7.47
Return on Common Equity (%)
17.21
11.45
5.64
10.04
11.03
11.41
12.42
9.25
5
0.96
4.54
8.34
17.34
11.86

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
991
1,694
1,405
LT Borrowings
104
25
174
LT Finance Leases
5
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
90
95
95
Market Capitalization
4,960
4,242
7,981

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,177
3,140
3,386
Cash, Cash Equivalents & STI
192
488
562
Accounts Receivable, Net
546
854
899
Inventories
875
1,109
1,091
Total Current Liabilities
1,653
2,485
2,585
Payables & Accruals
- -
- -
- -
ST Debt
991
1,694
1,405
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.13%
5.84%
17.7%
Free Cash Flow
- -
-1.12%
-29.34%
Net Income, GAAP
66.41%
98.69%
133.29%
Sales/Revenue/Turnover
21.95%
25.26%
33.27%
Total Cash Common Dividend
46.94%
65.42%
66.89%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
360
507
504
547
1,918
2025
586
620
- -
730
2,556
2026
1,079
1,231
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.09
0.44
0.39
0.02
0.94
2025
1.11
0.32
- -
0.35
2.18
2026
0.43
0.6
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.23
0.08
0.09
0.47
2025
0.09
0.37
- -
0.21
0.78
2026
0.1
0.13
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Weiqing Huang
Full Time Employees
716
Sector
Producer manufacturing
Industry
Industrial machinery
Address
Building 3 Hangzhou ZH China 311107
IPO Date
Aug 19, 2020
Website
cn-huaguang.com
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Business
Hangzhou Huaguang Advanced Welding Materials Co., Ltd. excels in the development, manufacturing, and global distribution of sophisticated joining materials, providing complete welding and connection solutions. The company’s core offerings primarily consist of copper-alloy and silver-alloy filler metals, encompassing a vast selection of forms such as rods, rings, wires, strips, foils, powders, and pastes, including flux-cored and flux-coated variants. Their product range extends to specialized compositions for silver, copper-phosphorus, high-copper, brass, and aluminum brazing, in addition to vacuum brazing alloys and various fluxes. These essential materials find critical applications across diverse sectors including HVAC/R, domestic appliances, electrical and electronic components, aerospace, automotive, new energy systems, precision tools, hard alloy fabrication, rail transit, and are currently being validated for use in the semiconductor and liquid-cooled server fields. Established in 1995 and based in Hangzhou, China, the company achieved a listing on the Shanghai Stock Exchange Science and Technology Innovation Board in August 2020.