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    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
Qingdao Hanhe Cable Co., Ltd Class A
SZSE:002498
(Shenzhen Stock Exchange)

Recent

price

5.79

P/E

ratio

- -

div

yld

0.69%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
1.57
1.16
1.12
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
- -
Revenue per Share
0.2
0.09
0.08
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
- -
Basic EPS, GAAP
-0.12
-0.12
0.12
-0.02
0.05
-0.02
0.06
-0.11
0.14
0.11
0.22
- -
-0.08
0.26
0.01
0.14
- -
Free Cash Flow per Basic Share
- -
0.03
0.03
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
Dividend per Share
1
1.06
1.16
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
Book Value per Share
0.96
1.01
1.08
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
Tangible Book Value per Share
1,971
3,242
3,333
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
Basic Weighted Avg Shares
3,098
3,764
3,745
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
- -
Sales/Revenue/Turnover
13.17
9.84
6.3
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
- -
Operating Margin (%)
30
32
53
59
63
64
66
66
63
68
69
92
84
104
124
139
- -
Depreciation Expense
403
286
258
434
249
349
417
250
221
435
583
777
786
760
655
553
- -
Net Income, GAAP
15.37
16.65
15.68
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
- -
Effective Tax Rate (%)
13
7.59
6.89
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
- -
Profit Margin (%)
2,768
2,857
3,066
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
Working Capital
- -
- -
- -
- -
34
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
3,310
3,503
3,863
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
Total Equity
15.95
7.12
6.81
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 Invested Capital (%)
17.9
8.59
7.03
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 Capital (%)
17.96
8.43
7.04
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
- -
Return on Common Equity (%)

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
- -
- -
- -
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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.