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    Consumer durables

  3. •

    Electronics/Appliances
HiVi Acoustics Technology Co., Ltd. Class A

HiVi Acoustics Technology Co., Ltd. Class A

SSZSE:002888
17.54
CNY
+0.55
(+3.24%)
0.19EPS
118.44P/E
3.25BMarket Cap
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
2.09
2.13
2.2
2.15
2.09
1.81
1.84
2.17
1.9
1.55
1.62
1.92
1.82
1.84
Basic EPS, GAAP
0.29
0.32
0.3
0.33
0.27
0.19
0.18
0.25
0.17
-0.1
-0.04
0.07
0.14
0.19
Free Cash Flow per Basic Share
0.17
0.31
0.34
0.28
-0.09
-0.01
0.4
0.21
-0.54
0.1
0.19
0.31
-0.01
- -
Dividend per Share
0.05
0.01
- -
0.09
- -
0.11
0.33
0.2
0.07
- -
- -
0.07
0.2
- -
Book Value per Share
1.22
1.65
1.95
2.19
2.9
2.98
2.82
2.86
2.89
2.66
2.63
2.62
2.6
2.51
Tangible Book Value per Share
1.17
1.6
1.9
2.13
2.85
2.93
2.78
2.82
2.86
2.63
2.59
2.6
2.57
2.48
Basic Weighted Avg Shares
107
108
111
113
126
147
149
123
153
146
138
141
151
147
Sales/Revenue/Turnover
224
229
245
243
264
267
275
266
289
226
223
271
274
272
Operating Margin (%)
18.33
17.37
15.89
15.38
13.91
6.67
7.38
13.33
9.74
-2.88
0.43
6.39
5.04
7
Depreciation Expense
10
10
11
11
10
14
15
13
14
15
14
13
13
- -
Net Income, GAAP
32
34
33
37
34
28
26
31
26
-15
-6
10
21
27
Effective Tax Rate (%)
20.13
16.64
13.28
14.94
12.59
8.16
8.83
15.38
12.17
- -
- -
15.09
2.11
2.04
Profit Margin (%)
14.1
14.9
13.64
15.21
12.74
10.59
9.52
11.53
8.97
-6.46
-2.47
3.65
7.71
10.07
Working Capital
39
92
110
118
296
315
302
313
273
245
222
239
226
217
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
Total Equity
137
185
219
246
434
445
422
427
433
398
393
393
384
370
Return on Invested Capital (%)
22.47
18.29
14.86
13.69
9.55
4.41
5.16
7.25
5.89
- -
- -
4.44
3.38
5
Return on Capital (%)
23.76
19.68
16.05
15.63
9.44
5.95
6.04
7.22
6.03
- -
- -
2.52
5.45
7.17
Return on Common Equity (%)
25.55
21.15
16.52
15.94
9.89
6.42
6.04
7.22
6.03
-3.52
-1.39
2.52
5.45
7.17

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
148
148
148
Market Capitalization
2,892
2,689
3,245

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
295
295
288
Cash, Cash Equivalents & STI
189
190
181
Accounts Receivable, Net
8
5
8
Inventories
88
89
89
Total Current Liabilities
69
70
70
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.7%
-2.08%
-2.32%
Free Cash Flow
-439.48%
-99.51%
-104.56%
Net Income, GAAP
-40.45%
-79.97%
113.79%
Sales/Revenue/Turnover
1.7%
1.7%
1.19%
Total Cash Common Dividend
- -
- -
201.22%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44
53
75
100
271
2025
56
71
- -
83
274
2026
48
69
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
- -
0.04
0.05
0.07
2025
- -
0.06
- -
0.08
0.14
2026
-0.02
0.07
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.07
2025
- -
- -
- -
- -
0.2
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Junjie Michael Yao
Full Time Employees
606
Sector
Consumer durables
Industry
Electronics/Appliances
Address
No. 1, South Dongcheng Road Shenzhen GD China 519090
IPO Date
Jul 21, 2017
Website
hivi.com
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Business
HiVi Acoustics Technology Co., Ltd engages in the research, development, manufacturing, and sale of electro-acoustic products in China and internationally. The company offers Hi-Fi speaker drivers; home theater speaker systems; active speakers; amplifiers; WiFi speakers; headphones; car speakers and amplifiers; professional audio speakers; public address systems; speaker enclosures; as well as solutions for digital sound reproduction, including multimedia speakers, subwoofers, bookshelf speakers, floorstanding speakers, and computer speakers under the HiVi and Swans brands. It operates primarily in the consumer electronics sector, targeting home audio enthusiasts, professional audio users, automotive markets, and public broadcasting customers across North America, South America, Eastern Europe, and other regions. Founded in 1997 and headquartered in Guangzhou, China, at No. 13, Sansha Road, Nansha District, the company, formerly known as Guangzhou Du Xi Electric Co., Ltd, maintains core brands HiVi and Swans Speakers following their merger. In recent developments, HiVi Acoustics approves cash dividends for 2024 payable on June 17, 2025, and reports earnings for the nine months ended September 30, 2024, as well as for the half year ended June 30, 2024, underscoring ongoing financial distributions and operational reporting amid its focus on premium audio manufacturing.