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    Electrical products
Hangzhou Zhongheng Electric Co., Ltd. Class A

Hangzhou Zhongheng Electric Co., Ltd. Class A

SSZSE:002364
26.89
CNY
+0.01
(+0.04%)
30.32BMarket Cap
Oct 28Next Earn
Hangzhou Zhongheng Electric Co., Ltd. Class A
SZSE:002364
(Shenzhen Stock Exchange)

Recent

price

26.89

P/E

ratio

- -

div

yld

0.36%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
0.64
0.72
0.79
0.85
1.2
1.58
1.63
1.49
1.8
2.14
2.7
3.26
2.88
2.77
3.58
- -
- -
Revenue per Share
0.1
0.11
0.17
0.18
0.25
0.27
0.29
0.11
0.14
0.14
0.16
0.16
-0.1
0.07
0.2
- -
- -
Basic EPS, GAAP
0.03
0.08
-0.18
-0.16
-0.16
-0.09
0.14
-0.02
0.08
-0.06
-0.35
-0.16
0.14
0.37
0.83
- -
- -
Free Cash Flow per Basic Share
0.04
0.03
0.06
0.04
0.05
0.02
0.04
0.1
0.1
0.1
0.13
0.11
0.11
- -
0.05
- -
0.1
Dividend per Share
1.4
1.76
1.55
1.65
1.84
2.26
4.14
4.16
3.93
3.81
3.95
4.14
3.96
4.09
4.31
- -
4.39
Book Value per Share
1.39
1.75
1.54
1.62
1.75
1.93
3.83
3.91
3.68
3.6
3.74
3.95
3.78
3.93
4.17
- -
4.26
Tangible Book Value per Share
364
494
504
508
503
531
546
580
547
548
532
558
558
562
548
574
577
Basic Weighted Avg Shares
233
357
396
432
601
842
891
866
984
1,174
1,433
1,819
1,609
1,555
1,962
- -
- -
Sales/Revenue/Turnover
17.24
14.17
22.1
21.89
23.77
17.25
18.13
7.43
7.85
10.77
7.99
6.11
-2.25
3.25
7.61
- -
- -
Operating Margin (%)
4
5
8
11
12
25
35
36
37
41
42
46
48
49
48
- -
- -
Depreciation Expense
35
54
86
89
126
143
158
64
77
77
85
89
-56
39
110
- -
- -
Net Income, GAAP
15.05
21.21
14.99
12.93
12.29
- -
1.26
1.91
19.1
11.31
14.48
8.92
- -
- -
16.07
- -
- -
Effective Tax Rate (%)
15.22
15.24
21.62
20.6
20.92
17.04
17.76
7.36
7.79
6.54
5.93
4.91
-3.47
2.53
5.59
- -
- -
Profit Margin (%)
520
647
644
602
628
708
1,598
1,856
1,731
1,565
1,112
1,368
1,277
1,422
1,603
- -
1,585
Working Capital
- -
- -
34
- -
- -
10
5
- -
- -
- -
4
23
4
2
4
- -
2
LT Debt
562
707
785
841
962
1,238
2,395
2,372
2,230
2,159
2,233
2,340
2,252
2,330
2,458
- -
2,501
Total Equity
8.91
7.34
10.32
9.45
12.97
- -
7.68
1.33
3.15
3.45
2.76
2.79
- -
- -
4.97
- -
- -
Return on Invested Capital (%)
9.11
8.42
11.23
10.6
13.89
- -
8.49
2.87
2.87
3.62
3.98
4.12
- -
- -
4.34
- -
- -
Return on Capital (%)
9.46
8.57
11.48
10.94
13.95
13.38
9.01
2.73
3.36
3.52
3.89
3.92
-2.45
1.73
4.63
- -
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
226
418
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
558
564
564
Market Capitalization
14,756
14,664
30,320

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
3,560
3,878
Cash, Cash Equivalents & STI
- -
776
788
Accounts Receivable, Net
- -
963
1,291
Inventories
- -
1,210
1,224
Total Current Liabilities
- -
1,968
2,293
Payables & Accruals
- -
- -
- -
ST Debt
- -
226
418
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
349
430
399
783
1,962
2025
388
503
- -
- -
- -
2026
418
844
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.1
0.03
0.04
0.2
2025
0.04
0.05
- -
- -
- -
2026
0.04
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.05
- -
- -
0.05
2025
- -
- -
- -
- -
- -
2026
- -
0.1
- -
- -
- -
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Business
Hangzhou Zhongheng Electric Co., Ltd. (SZSE:002364), founded in 1996 and headquartered in Hangzhou, China, develops, manufactures, and supplies digital power systems and smart electrification solutions for telecom infrastructure, data centers, electric vehicles, energy storage, and smart grids; its core products include communication power systems, data center power supplies (such as high-voltage direct current or HVDC solutions), electric power operation systems, EV charging systems (including the recently launched 720kW fully liquid-cooled super charging system), indoor and outdoor rectifiers, monitoring units, power distribution units, and energy storage solutions with integrated software and services. The company serves green ICT infrastructure, new power systems, and integrated energy markets, targeting telecom operators, data center providers, utilities, and EV ecosystems with operations spanning China, rest of Asia, Europe, the United States, and over 30 countries internationally. Recent developments include a strategic joint venture with SuperX AI Technology (branded as SuperX Digital Power) announced in 2025 to deliver HVDC power products like "Panama + Aurora" 800VDC solutions for global AI data centers (excluding mainland China, Hong Kong, and Macau), addressing high energy consumption in AI computing; a CNY 50 million share buyback program authorized in April 2025 and completed with 1.8044 million shares repurchased; and plans for an additional joint venture with related parties to advance overseas HVDC product development.