Hi-Trend Technology (Shanghai) Co., Ltd. Class A

Hi-Trend Technology (Shanghai) Co., Ltd. Class A

SSSE:688391
23.40
CNY
-0.16
(-0.68%)
0.34EPS
105.31P/E
4.15BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.61
1.61
1.62
1.64
1.79
1.9
3.3
4.18
5.5
7.21
4.98
5.05
4.69
4.71
Basic EPS, GAAP
0.38
0.33
0.44
0.39
0.38
0.09
0.42
0.68
1.12
2.03
1.09
0.8
0.37
0.34
Free Cash Flow per Basic Share
0.27
0.81
0.41
0.36
0.21
-0.02
0.19
0.22
1.27
-0.19
0.29
0.73
-1.13
- -
Dividend per Share
0.03
0.41
0.36
0.38
0.45
0.14
- -
0.38
0.48
- -
0.73
0.56
0.61
- -
Book Value per Share
2.03
2.12
2.22
2.23
2.16
2.02
2.42
2.73
3.37
16.5
16.85
16.3
16.14
15.97
Tangible Book Value per Share
1.97
2.07
2.18
2.18
2.14
2
2.4
2.69
3.32
16.34
16.74
16.22
15.97
15.81
Basic Weighted Avg Shares
91
91
91
91
91
90
91
91
91
98
121
117
115
119
Sales/Revenue/Turnover
146
146
147
150
163
171
300
379
499
710
603
592
539
560
Operating Margin (%)
27.94
17.99
22.57
15.58
14.33
1.26
13.54
17.49
21.49
27.27
19.54
7.39
-1.7
-0.9
Depreciation Expense
6
5
4
5
5
4
4
4
7
9
15
19
21
- -
Net Income, GAAP
35
30
40
35
35
8
38
62
101
200
131
94
43
40
Effective Tax Rate (%)
6.58
10.39
6.82
7.64
4.1
- -
1.05
4.29
4.7
- -
- -
- -
- -
- -
Profit Margin (%)
23.7
20.41
27.06
23.43
21.25
4.52
12.69
16.39
20.31
28.18
21.8
15.81
7.96
7.23
Working Capital
154
166
144
142
130
108
162
191
183
1,423
1,271
1,463
1,536
1,481
LT Debt
40
40
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
Total Equity
184
192
202
202
196
184
220
248
306
1,998
2,040
1,868
1,859
1,846
Return on Invested Capital (%)
14.04
11.17
15.38
13.03
12.55
- -
18.72
26.5
36.41
- -
- -
- -
- -
- -
Return on Capital (%)
16.29
13.08
18.31
17.42
17.39
- -
18.85
26.58
36.55
- -
- -
- -
- -
- -
Return on Common Equity (%)
20.68
15.85
20.17
17.42
17.39
4.07
18.87
26.58
36.66
17.37
6.51
4.79
2.3
2.17

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5
6
6
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
115
115
116
Market Capitalization
3,263
3,311
4,146

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,671
1,575
1,578
Cash, Cash Equivalents & STI
1,093
1,202
1,252
Accounts Receivable, Net
69
56
41
Inventories
249
210
162
Total Current Liabilities
135
64
97
Payables & Accruals
- -
- -
- -
ST Debt
5
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
59.35%
114.05%
-0.48%
Free Cash Flow
-104.2%
-7.64%
-252.29%
Net Income, GAAP
40.79%
8.65%
-54.21%
Sales/Revenue/Turnover
16.55%
9.61%
-8.99%
Total Cash Common Dividend
- -
- -
5.84%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
126
181
142
143
592
2025
121
151
- -
131
539
2026
115
164
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.16
0.32
0.13
0.19
0.8
2025
0.08
0.25
- -
-0.01
0.37
2026
0.03
0.08
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.56
2025
- -
- -
- -
- -
0.61
2026
- -
- -
- -
- -
- -

Company Description

CEO
Wen Chang Zheng
Full Time Employees
289
Sector
Electronic technology
Industry
Electronic components
Address
Shanghai China
IPO Date
Sep 13, 2022
Business
Hi-Trend Technology (Shanghai) Co., Ltd. is a China-based fabless semiconductor design company specializing in the research, development, design, and sales of integrated circuits and system solutions for smart grid terminals, energy management, and industrial electronics. Founded in May 2005 and headquartered in Shanghai, China, the company maintains research and development facilities in Shanghai and Nanjing, serving domestic state utility operators, international power grid enterprises, smart electricity meter manufacturers, and energy storage system integrators across China, Central Asia, and overseas export markets. The company operates primarily through the design and distribution of semiconductor hardware and embedded system solutions, with a core product and service portfolio comprising energy metering integrated circuits, including single-phase metering ICs, three-phase energy metering chips, and upgraded ICs supporting fundamental reactive power measurement; power line and wireless communication integrated circuits, including narrowband power line carrier (PLC) chips, high-speed power line carrier (HPLC) chips, G3-PLC compliant chips, and HPLC plus high-speed radio frequency (HPLC+HRF) dual-mode communication System-on-Chip (SoC) modules; microcontroller units (MCUs) and SoC devices, including 32-bit MCU chips, single-phase smart meter SoCs with integrated LCD drivers, high-performance three-phase SoCs, and RISC-V-based processors; battery management system (BMS) integrated circuits, including high-precision battery fuel gauge ICs and analog front-end monitoring chips for portable power tools, industrial energy storage, and light electric vehicles; and specialized integrated circuit design, technical consulting, and turnkey application firmware development services. In recent developments, Hi-Trend Technology has accelerated product innovation and geographic expansion by achieving commercial-scale deployment of its HPLC+HRF dual-mode communication chips in Central Asian markets and taping out upgraded single-phase metering chips equipped with terminal temperature detection conforming to updated State Grid enterprise standards. The company has also achieved mass-production capability for its self-developed battery fuel gauge IC series in the new energy segment, commenced customer sampling for next-generation RISC-V architecture metering chips for high-end international markets, advanced the development of 40-nanometer AI-enabled MCU chips featuring integrated neural processing units (NPUs) for grid edge-computing terminals, and implemented capital optimization initiatives, including major share repurchase and cancellation programs alongside ongoing shareholder dividend distributions.