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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
Ningbo Huaxiang Electronic Co., Ltd. Class A
SZSE:002048
(Shenzhen Stock Exchange)

Recent

price

18.57

P/E

ratio

43.92

div

yld

1.60%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
6.11
6.49
10.28
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
Revenue per Share
0.77
0.5
0.46
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
Basic EPS, GAAP
0.22
-0.12
-0.54
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
- -
Free Cash Flow per Basic Share
0.17
0.17
0.13
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
Dividend per Share
4.66
4.87
5.03
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
Book Value per Share
4.42
4.55
4.63
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
Tangible Book Value per Share
546
571
545
528
529
535
529
529
625
625
625
627
814
811
815
820
808
Basic Weighted Avg Shares
3,333
3,705
5,600
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
Sales/Revenue/Turnover
11.08
8.1
6
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
Operating Margin (%)
81
109
201
239
258
313
422
452
519
588
593
724
807
909
1,249
1,166
- -
Depreciation Expense
420
286
251
343
524
160
714
798
732
981
849
1,266
985
1,030
953
418
423
Net Income, GAAP
9.26
12.11
14.71
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
Effective Tax Rate (%)
12.61
7.71
4.48
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
Profit Margin (%)
1,420
1,247
897
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
Working Capital
2
2
38
20
51
50
451
153
134
53
178
430
363
456
770
475
582
LT Debt
2,966
3,065
3,081
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
Total Equity
20.57
11.54
8.03
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 Invested Capital (%)
12.8
6.31
6.06
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 Capital (%)
20.67
10.7
9.36
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
Return on Common Equity (%)

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
- -
- -
- -
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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.