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    Producer manufacturing

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    Office equipment/Supplies
Ningbo Huaxiang Electronic Co., Ltd. Class A

Ningbo Huaxiang Electronic Co., Ltd. Class A

SSZSE:002048
18.57
CNY
+1.02
(+5.81%)
0.86EPS
43.92P/E
18.72BMarket Cap
Oct 30Next 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
13.81
16.46
18.34
23.65
28.01
23.87
27.35
27.05
28.07
24.22
28.7
32.32
31.94
29.49
Basic EPS, GAAP
0.65
0.99
0.3
1.35
1.51
1.17
1.57
1.36
2.02
1.21
1.27
1.17
0.51
0.52
Free Cash Flow per Basic Share
0.5
-0.5
-0.04
1.34
0.5
-0.47
2.04
3.37
2.13
0.5
0.98
0.94
1.74
- -
Dividend per Share
0.12
0.14
0.26
0.1
0.89
0.24
0.24
0.17
3.83
0.33
0.61
1
0.52
0.3
Book Value per Share
6.42
8.1
8.76
9.77
12.48
12.95
14.61
16.48
17.34
13.64
15
14.12
14.11
14.38
Tangible Book Value per Share
6.04
7.71
8.25
7.02
10.22
10.64
12.27
14.31
15.1
12.07
13.4
12.26
12.29
12.53
Basic Weighted Avg Shares
528
529
535
529
529
625
625
625
627
814
811
815
820
808
Sales/Revenue/Turnover
7,292
8,713
9,810
12,506
14,807
14,927
17,093
16,892
17,588
19,716
23,282
26,324
26,186
23,829
Operating Margin (%)
7.98
8.61
5.09
9.91
9.97
7.75
8.79
8.25
9.45
7.61
8.06
7.37
8.26
8.53
Depreciation Expense
239
258
313
422
452
519
588
593
724
807
909
1,249
1,166
- -
Net Income, GAAP
343
524
160
714
798
732
981
849
1,266
985
1,030
953
418
423
Effective Tax Rate (%)
17.14
16.04
34.23
17.72
18.68
15.75
15.83
15.36
10.11
10.94
15.4
18.41
34.59
34.1
Profit Margin (%)
4.71
6.02
1.64
5.71
5.39
4.9
5.74
5.03
7.2
5
4.43
3.62
1.6
1.78
Working Capital
1,116
1,319
1,332
660
2,674
2,334
3,279
4,073
4,030
4,560
4,551
1,845
2,070
2,237
LT Debt
20
51
50
451
153
134
53
178
430
363
456
770
475
582
Total Equity
3,893
4,854
5,680
6,112
8,899
9,347
10,501
11,689
12,204
12,688
13,852
12,934
12,930
13,019
Return on Invested Capital (%)
10.99
13.93
6.23
13.43
11.84
8.98
11.27
9.25
11.37
9.44
10.06
8.55
4.82
4.23
Return on Capital (%)
5.86
7.14
-1.21
4.75
5.27
4.41
6.6
4.96
7.9
4.96
4.73
5
1.24
1.28
Return on Common Equity (%)
11.31
13.62
3.59
14.54
12.29
9.19
11.37
8.73
11.95
8.97
8.84
8.04
3.64
3.59

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,043
1,043
1,090
LT Borrowings
25
25
25
LT Finance Leases
450
401
558
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
814
814
814
Market Capitalization
25,603
20,907
18,718

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,822
14,054
13,740
Cash, Cash Equivalents & STI
2,615
2,729
2,125
Accounts Receivable, Net
7,441
6,862
7,354
Inventories
2,118
2,073
2,070
Total Current Liabilities
12,752
11,342
11,503
Payables & Accruals
- -
- -
- -
ST Debt
1,043
1,043
1,090
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.28%
2.18%
-0.03%
Free Cash Flow
-401.35%
14.4%
87.03%
Net Income, GAAP
33.67%
-6.44%
-56.12%
Sales/Revenue/Turnover
10.69%
9.37%
-0.53%
Total Cash Common Dividend
275.94%
426.72%
-47.86%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,692
5,915
6,539
8,186
26,324
2025
6,261
6,618
- -
6,961
26,186
2026
5,169
5,080
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.38
0.23
0.29
1.17
2025
0.31
-0.77
- -
0.41
0.51
2026
0.34
0.56
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.64
-0.03
0.39
1
2025
0.01
0.01
- -
0.02
0.52
2026
0.01
0.27
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Xiao Feng Zhou
Full Time Employees
22,221
Sector
Producer manufacturing
Industry
Office equipment/Supplies
Address
Oriental Financial Plaza Shanghai SH China 200122
IPO Date
Jun 6, 2005
Website
nbhx.com.cn
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Business
Ningbo Huaxiang Electronic Co., Ltd. designs, develops, produces and sells automotive parts primarily in China and internationally. The company offers instrument panel assemblies, central control assemblies, door panel assemblies, ceiling assemblies, column assemblies, trunk parts, headrests, air ducts, grilles, fuel and charging port covers, real wood and aluminum decorative strips, IMD/INS/atmosphere light transmission decorative strips, electric pedals and other interior and exterior trim parts; battery pack cases, cold stamping parts, thermoforming parts, sunroof steering columns; rearview mirror module systems, wire harness protection systems, high-voltage plastic protective components, energy storage module plastic parts; as well as automobile chassis accessories, electrical and air-conditioning components, engine accessories including mufflers, exhaust systems, bumper frames, ABC pillars, reinforce crossbeams, metal thresholds, baffle shields, LED modules, lamp assemblies, battery trays, e-box and busbar battery module plastic parts, battery packing cool systems, spoilers, bumpers, windshields and air inlet grills. Founded in 2001 and headquartered in Ningbo, China, with its shares listed on the Shenzhen Stock Exchange since 2005 under ticker 002048.SZ, the company serves major automakers such as Shanghai Volkswagen, FAW Volkswagen, Shanghai GM and Tianjin FAW Toyota, with operations spanning Asia, North America and Europe. Recent developments include the 2024 agreement to acquire International Automotive Components Group's China business for CNY600 million to expand interior trim capabilities and secure a five-year exclusive partnership; entry into robotics with a three-year contract for Zhiyuan Robotics' Expedition series bipedal robots expecting over 1,000 unit shipments in the second half of 2025, alongside plans for PEEK material production; a June 2025 investment of CNY299 million in an automotive components industry fund; and a May 2025 joint venture with AgiBot to establish a humanoid robot production base in Zhejiang province.