1. China Stocks

  2. •

    Producer manufacturing

  3. •

    Electrical products
Qingdao Hanhe Cable Co., Ltd Class A

Qingdao Hanhe Cable Co., Ltd Class A

SSZSE:002498
5.79
CNY
+0.07
(+1.22%)
22.69BMarket Cap
Oct 29Next 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
1.43
1.3
1.19
1.29
1.52
1.76
1.84
2.15
2.7
2.96
2.9
2.78
3.13
- -
Basic EPS, GAAP
0.13
0.07
0.1
0.13
0.08
0.07
0.13
0.18
0.23
0.24
0.23
0.2
0.17
- -
Free Cash Flow per Basic Share
-0.02
0.05
-0.02
0.06
-0.11
0.14
0.11
0.22
- -
-0.08
0.26
0.01
0.14
- -
Dividend per Share
0.04
0.05
0.13
0.03
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
Book Value per Share
1.24
1.37
1.24
1.33
1.39
1.41
1.51
1.69
1.92
2.12
2.31
2.44
2.67
2.66
Tangible Book Value per Share
1.17
1.3
1.17
1.25
1.3
1.33
1.42
1.58
1.76
1.97
2.15
2.31
2.54
2.55
Basic Weighted Avg Shares
3,362
3,561
3,494
3,206
3,127
3,162
3,350
3,241
3,327
3,326
3,326
3,327
3,326
3,327
Sales/Revenue/Turnover
4,807
4,638
4,168
4,138
4,745
5,568
6,180
6,952
8,981
9,842
9,658
9,260
10,407
- -
Operating Margin (%)
7.49
8.41
9.63
7.44
3.84
6.95
6.96
9.49
10.56
10.16
9.59
7.37
5.29
- -
Depreciation Expense
59
63
64
66
66
63
68
69
92
84
104
124
139
- -
Net Income, GAAP
434
249
349
417
250
221
435
583
777
786
760
655
553
- -
Effective Tax Rate (%)
16.02
17.94
16.83
16.99
12.92
16.99
13.17
13.45
12.7
11.64
13.13
11.53
13
- -
Profit Margin (%)
9.02
5.38
8.38
10.07
5.27
3.98
7.05
8.39
8.65
7.98
7.87
7.08
5.32
- -
Working Capital
3,304
2,678
2,455
2,544
3,313
3,573
3,873
4,187
4,601
4,869
5,005
5,141
5,852
5,827
LT Debt
- -
34
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
4,126
4,550
4,141
4,440
4,635
4,711
5,054
5,655
6,509
7,187
7,807
8,144
8,896
8,858
Return on Invested Capital (%)
6.05
5.24
7.5
9.31
5.64
4.78
9.09
11.32
12.93
10.84
9.28
7.27
5.7
- -
Return on Capital (%)
11.13
6.27
7.92
9.72
5.62
5.01
8.84
10.92
12.67
10.83
9.17
7.37
5.69
- -
Return on Common Equity (%)
10.89
5.75
8.04
9.71
5.52
4.74
8.94
10.93
12.94
11.71
10.32
8.29
6.51
- -

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,715
2,658
3,392
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,327
3,327
3,327
Market Capitalization
12,742
29,342
22,689

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,285
10,048
10,852
Cash, Cash Equivalents & STI
2,197
1,980
2,974
Accounts Receivable, Net
3,439
4,044
4,084
Inventories
1,907
2,307
2,187
Total Current Liabilities
3,433
4,299
5,025
Payables & Accruals
- -
- -
- -
ST Debt
1,715
2,658
3,392
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.01%
9.54%
9.24%
Free Cash Flow
176.08%
520.37%
1,548.63%
Net Income, GAAP
10.02%
0.35%
-15.52%
Sales/Revenue/Turnover
9.99%
9.03%
12.39%
Total Cash Common Dividend
-1.58%
2.65%
7.38%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,786
2,546
2,210
2,717
9,260
2025
1,831
2,759
- -
3,231
10,407
2026
2,552
3,183
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.05
0.06
0.02
0.2
2025
0.04
0.04
- -
0.02
0.17
2026
0.05
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.04
- -
- -
0.04
2025
- -
0.04
- -
-0.01
0.04
2026
- -
0.04
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Li Gang Zhang
Full Time Employees
3,142
Sector
Producer manufacturing
Industry
Electrical products
Address
No. 628 Jiushui Dong Road Qingdao SD China 266102
IPO Date
Oct 26, 2010
Website
hanhe-cable.com
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Business
Qingdao Hanhe Cable Co., Ltd. (002498.SZ) manufactures and sells wires and cables primarily in China. The company produces power cables rated up to 500kV, submarine cables, optical power composite cables, heat-resistant and high-strength aluminum alloy wires, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, DC series cables, shipboard cables, mining cables, oil platform cables, wind farm cables, photovoltaic cables, control cables, instrument cables, fiber optic cables, EPR insulated power cables, and mineral insulated cables; it also offers cable accessories, power equipment monitoring systems, electric power design and engineering services, installation services, and operation maintenance for transformer substations. Founded in 1982 and headquartered in Qingdao, China, Qingdao Hanhe Cable operates as a subsidiary of Qingdao Hanhe Group Co., Ltd., with domestic and foreign subsidiaries serving sectors including power, metallurgy, telecommunication, railway, petroleum and chemical, coal mining, and construction. In recent developments, the company won bids for China Southern Power Grid projects worth approximately 907 million yuan, secured a significant overseas operation contract valued at 1.34 billion yuan, achieved selection as a provincial-level intelligent factory in Shandong Province in 2024 through its Hanhe Cable Intelligent Factory project, and completed the acquisition of Qingdao Hanhe Machinery Co., Ltd. from its parent group.