1. China Stocks

  2. •

    Electronic technology

  3. •

    Semiconductors
Hangzhou Star Shuaier Electric Appliance Co. Ltd. Class A

Hangzhou Star Shuaier Electric Appliance Co. Ltd. Class A

SSZSE:002860
16.68
CNY
+0.41
(+2.52%)
0.51EPS
28.62P/E
5.14BMarket Cap
Apr 28Next 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
1.08
1.35
1.18
1.35
1.31
1.51
4.43
3.38
4.76
6.55
9.38
6.79
6.26
6.04
Basic EPS, GAAP
0.18
0.27
0.27
0.34
0.33
0.35
0.82
0.39
0.5
0.4
0.66
0.47
0.58
0.51
Free Cash Flow per Basic Share
- -
0.13
0.22
0.29
0.25
0.23
0.54
0.12
0.04
0.09
0.79
-0.16
0.14
- -
Dividend per Share
0.2
0.11
0.09
0.09
0.07
0.08
0.11
0.09
0.11
0.12
0.1
0.11
0.11
0.1
Book Value per Share
0.86
1.07
1.29
1.55
2.34
2.56
3.01
3.71
4.27
4.49
5.51
5.91
6.37
6.69
Tangible Book Value per Share
0.78
0.99
1.22
1.48
2.19
2.41
2.65
3.36
3.82
3.95
4.98
5.4
5.94
6.26
Basic Weighted Avg Shares
201
201
215
218
271
270
160
275
288
298
307
306
344
353
Sales/Revenue/Turnover
217
271
253
294
355
409
708
927
1,369
1,949
2,879
2,077
2,155
2,137
Operating Margin (%)
22.46
25.34
27.09
28
28.26
26.3
32.51
15.25
12.88
7.3
9.08
10.79
11.68
10.72
Depreciation Expense
- -
9
10
11
12
16
29
35
38
46
52
57
56
- -
Net Income, GAAP
36
54
58
74
89
95
131
108
144
119
202
144
200
180
Effective Tax Rate (%)
14.28
15.18
14.36
14.64
13.06
11.99
14.56
11.49
8.55
5.41
11.82
6.96
14.43
10.38
Profit Margin (%)
16.6
19.92
23.05
25.04
25.2
23.32
18.55
11.64
10.51
6.11
7.03
6.92
9.26
8.43
Working Capital
76
112
153
222
406
470
687
849
910
817
1,351
1,490
1,583
1,674
LT Debt
- -
- -
- -
- -
- -
- -
- -
228
186
5
361
372
1
- -
Total Equity
193
239
281
336
665
741
1,107
1,047
1,245
1,417
1,726
1,865
2,291
2,356
Return on Invested Capital (%)
17.1
20.59
19.33
21.46
17.17
14.18
21.28
9.52
11.15
8.85
12.29
6.46
7.99
6.77
Return on Capital (%)
18.85
21.06
21.19
23.07
17
12.58
7.49
10.22
11.32
8.25
11.56
7.61
8.06
7.11
Return on Common Equity (%)
22.24
28
23.61
23.91
18.4
14.18
16.96
11.52
12.76
9.17
13.21
8.18
9.7
7.88

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
324
373
411
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
360
360
352
Market Capitalization
5,072
4,615
5,138

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,889
3,101
3,208
Cash, Cash Equivalents & STI
1,174
1,328
1,349
Accounts Receivable, Net
1,031
919
1,088
Inventories
343
415
342
Total Current Liabilities
1,306
1,457
1,534
Payables & Accruals
- -
- -
- -
ST Debt
324
373
411
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
25.83%
17.08%
22.85%
Free Cash Flow
59.28%
116.98%
-196.9%
Net Income, GAAP
17.01%
19.2%
38.86%
Sales/Revenue/Turnover
26.97%
22.73%
3.73%
Total Cash Common Dividend
8.41%
10.5%
20.09%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
464
579
472
562
2,077
2025
503
629
- -
413
2,155
2026
509
585
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
0.13
0.18
-0.01
0.47
2025
0.21
0.16
- -
0.06
0.58
2026
0.16
0.12
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.11
2025
- -
- -
- -
- -
0.11
2026
- -
0.1
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Yong Zhang
Full Time Employees
1,412
Sector
Electronic technology
Industry
Semiconductors
Address
No. 99 Jiaojieling, Hangzhou Buildings 2, 3, 4, and 5 Hangzhou ZH China 311422
IPO Date
Apr 12, 2017
Website
hzstarshuaier.com
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Business
Hangzhou Star Shuaier Electric Appliance Co., Ltd. (002860.SZ) engages in the research, development, production and sale of thermal protectors, starters, sealing terminals, temperature controllers, small to medium-sized motors, photovoltaic modules, optical communication components and light sensor assemblies primarily for refrigeration compressors, household appliances, small motors and new energy applications. The company serves major domestic and international compressor manufacturers including Shanghai Haili, Midea Group, Haier, Hisense, LG Electronics and Siemens, as well as clients in optical communications such as Guangdong Zhaochihui Valley and Xiamen Sanyou Photoelectric; its products are exported to Europe, the United States, the Middle East and Southeast Asia. Founded in 1997 and headquartered at No. 99 Jiao Jie Ling, Fuyang District, Hangzhou, Zhejiang Province, China, the company listed on the Shenzhen Stock Exchange in April 2017 and operates through subsidiaries including Fule New Energy, Zhete Electric and Huajin Electronics. The company maintains a dual-wing development model centered on household appliances and led by the new energy sector, with rooftop solar installations at its facilities and subsidiaries generating approximately 4.6 GWh in 2024. In recent developments, Hangzhou Star Shuaier completed the acquisition of equity in a target asset with industrial registration changes in November 2025, acquired a 0.5711% stake in Rongteng No. 2 Fund for CNY 10 million, and progressed on acquiring minority shareholder equity in a controlled subsidiary as announced in October 2025. It also established a fund with professional investment institutions in October 2025, redeemed the "Xingshuai Zhuan 2" convertible bonds early in March 2025, and continues to secure patents while earning recognitions such as Midea Group's "Excellent Supplier" in 2024. These strategic moves, alongside ongoing guarantees for subsidiaries and share repurchases, support operational enhancements amid challenges in the photovoltaic sector.