1. China Stocks

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    Process industries

  3. •

    Industrial specialties
Hangzhou Toka Ink Co., Ltd. Class A

Hangzhou Toka Ink Co., Ltd. Class A

SSSE:688571
7.15
CNY
-0.17
(-2.32%)
0.21EPS
36.04P/E
3.71BMarket Cap
2013 Y
2014 Y
2015 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.11
3.22
2.97
3.05
3.11
3.27
3.2
2.74
2.72
2.9
3.11
2.99
3.01
Basic EPS, GAAP
0.28
0.32
0.27
0.25
0.22
0.29
0.35
0.27
0.19
0.3
0.34
0.26
0.24
Free Cash Flow per Basic Share
0.31
0.05
0.26
0.19
0.07
0.13
0.28
0.24
0.3
0.37
0.25
-0.04
- -
Dividend per Share
0.07
0.22
0.19
0.07
0.07
0.1
0.13
0.08
0.15
0.13
0.15
0.2
0.36
Book Value per Share
1.89
1.91
2.1
2.47
2.61
2.8
3.15
3.32
3.36
3.56
3.68
3.95
3.92
Tangible Book Value per Share
1.74
1.75
1.94
2.27
2.43
2.6
3.01
3.2
3.24
3.36
3.49
3.57
3.54
Basic Weighted Avg Shares
312
311
313
315
311
308
309
419
419
410
409
417
413
Sales/Revenue/Turnover
972
1,001
932
961
966
1,008
987
1,149
1,139
1,190
1,270
1,249
1,247
Operating Margin (%)
9.01
9.31
10.91
9.17
7.41
9.8
11.72
9.01
6.08
10.67
11.52
9.48
9.76
Depreciation Expense
26
27
31
26
25
23
28
34
34
36
36
47
- -
Net Income, GAAP
87
98
84
78
67
90
109
113
80
123
139
108
100
Effective Tax Rate (%)
12.88
12.84
14.49
12.92
10.01
11.06
12.17
11.7
8.77
10.89
12.37
14.82
18.03
Profit Margin (%)
8.91
9.8
9.06
8.07
6.93
8.94
11.07
9.83
6.98
10.33
10.95
8.68
8.05
Working Capital
389
356
424
534
560
556
980
1,082
1,098
1,150
1,168
1,156
1,166
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
593
599
656
773
819
877
1,312
1,381
1,400
1,507
1,576
1,739
1,719
Return on Invested Capital (%)
- -
13.06
12.61
10.9
8.66
11.03
10.18
8.45
5.71
8.5
8.92
5.95
5.19
Return on Capital (%)
- -
16.4
13.26
10.73
8.34
10.51
9.94
8.38
5.75
8.27
8.76
7
6.74
Return on Common Equity (%)
- -
16.53
13.49
10.9
8.44
10.67
10.01
8.39
5.73
8.54
9.19
6.73
6.19

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
24
21
19
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
424
424
424
Market Capitalization
3,160
3,300
3,711

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,576
1,562
1,551
Cash, Cash Equivalents & STI
977
965
968
Accounts Receivable, Net
304
270
277
Inventories
190
201
190
Total Current Liabilities
421
408
384
Payables & Accruals
- -
- -
- -
ST Debt
24
21
19
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.92%
5.84%
10.35%
Free Cash Flow
48.93%
-17.37%
-117.02%
Net Income, GAAP
3.95%
3.88%
-21.97%
Sales/Revenue/Turnover
2.41%
5.02%
-1.61%
Total Cash Common Dividend
9.6%
20.82%
33.23%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
282
306
333
348
1,270
2025
283
288
- -
342
1,249
2026
298
318
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.08
0.1
0.09
0.34
2025
0.07
0.04
- -
0.08
0.26
2026
0.07
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.15
- -
- -
0.15
2025
- -
0.2
- -
- -
0.2
2026
- -
0.16
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Ke Jia Qiu
Full Time Employees
823
Sector
Process industries
Industry
Industrial specialties
Address
No. 2, No. 5 Street (South), Baiyang Street, Economic and Technological Development Zone Hangzhou ZH China 310018
IPO Date
Dec 11, 2020
Website
hhink.com
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Business
Hangzhou Toka Ink Co., Ltd. (688571.SS) engages in the research, development, production and sales of energy-saving and environmentally friendly ink products, digital materials and functional materials; the company provides complete ink-related products and printing solutions to the printing industry in China. Founded in 1988 and headquartered at No. 2, the 5th Avenue (South), Baiyang Jie Dao, Hangzhou Economic & Technological Development Area, China, it offers UV ink series for printing on paper, paper-plastic composite film, metal cardboard and plastic sheet; offset printing ink series for publications such as children's books and high environmental quality requirements; liquid ink series for plastic films, composite films and paper-plastic materials; digital inkjet printing inks for paper, plastic, film, fiber and giant light box advertisements; functional materials including overcoat varnish, matte oil and conductive water-based inks for specific heating materials; and other chemical products such as rosin and turpentine. Operating primarily in the domestic Chinese market within the specialty chemicals sector, the company holds nearly 20 invention patents, the first printing technology research lab and a leading national CNAS-certified analysis and testing center in the printing ink industry; it has presided over or participated in drafting more than 50 state and industrial standards related to ink products and maintains a nearly debt-free balance sheet with significant cash reserves supporting R&D investment. Recent developments include an agreement to acquire a 60% stake in Zhejiang Dike Donghua Fine Chemical Co., Ltd. from T&K Toka Co., Ltd. for CNY 18 million to expand its chemical capabilities; and in August 2025, a group of buyers acquired a 3% stake from T&K Toka Co., Ltd. for CNY 89 million, reflecting ongoing shifts in shareholder structure.