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  2. •

    Producer manufacturing

  3. •

    Electrical products
Haoersai Technology Group Corp., Ltd. Class A

Haoersai Technology Group Corp., Ltd. Class A

SSZSE:002963
16.95
CNY
+0.33
(+1.99%)
-0.93EPS
3.17BMarket Cap
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
1.59
3.51
4.61
8.15
9.7
3.92
5.34
2.72
3.63
3.04
2.31
1.99
Basic EPS, GAAP
0.15
0.13
0.78
1.51
1.81
0.28
0.09
-1.04
0.12
-1.19
-0.85
-0.93
Free Cash Flow per Basic Share
- -
-0.86
0.14
0.41
0.89
-0.83
0.32
-1.15
0.6
-0.74
0.15
- -
Dividend per Share
- -
0.35
0.07
- -
- -
0.15
0.03
- -
- -
- -
0.2
- -
Book Value per Share
1.4
2.57
4.02
5.53
10.88
11.02
11.08
10.04
10.16
8.97
7.92
7.73
Tangible Book Value per Share
1.4
2.57
4.01
5.53
10.88
11.01
11.07
10.03
10.15
8.96
7.91
7.73
Basic Weighted Avg Shares
150
80
105
113
119
153
148
150
148
151
150
152
Sales/Revenue/Turnover
240
281
486
922
1,157
598
788
407
538
459
346
303
Operating Margin (%)
12.77
9.2
23.63
26.11
25.52
12.47
6.59
-25.67
2.03
0.53
-7.04
-5.66
Depreciation Expense
- -
2
2
2
2
2
14
16
16
19
22
- -
Net Income, GAAP
22
10
82
171
216
43
13
-156
18
-179
-127
-141
Effective Tax Rate (%)
13.56
38.51
15.97
15.35
15.57
8.31
- -
- -
16.16
- -
- -
- -
Profit Margin (%)
9.14
3.7
16.93
18.53
18.65
7.15
1.69
-38.23
3.31
-39.08
-36.79
-46.48
Working Capital
121
237
431
597
1,609
1,569
1,500
1,163
1,053
1,018
893
896
LT Debt
- -
- -
- -
- -
- -
13
46
39
35
37
16
16
Total Equity
146
268
453
624
1,636
1,657
1,665
1,510
1,529
1,350
1,191
1,163
Return on Invested Capital (%)
- -
5
23.17
32.84
20.07
2.79
- -
- -
1.46
- -
- -
- -
Return on Capital (%)
- -
5.01
22.74
31.71
19.1
2.58
- -
- -
1.14
- -
- -
- -
Return on Common Equity (%)
- -
5.03
22.83
31.74
19.1
2.6
0.8
-9.8
1.17
-12.48
-10.04
-11.32

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3
4
3
LT Borrowings
- -
- -
- -
LT Finance Leases
16
14
16
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
150
Market Capitalization
2,237
2,237
3,167

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,300
1,287
1,279
Cash, Cash Equivalents & STI
526
543
562
Accounts Receivable, Net
341
306
291
Inventories
9
13
17
Total Current Liabilities
406
376
383
Payables & Accruals
- -
- -
- -
ST Debt
3
4
3
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.32%
-6.2%
-11.74%
Free Cash Flow
- -
-218.93%
-119.68%
Net Income, GAAP
-189.49%
-517.52%
-28.94%
Sales/Revenue/Turnover
13.35%
-4.72%
-24.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
144
152
81
82
459
2025
58
101
- -
81
346
2026
59
62
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.02
-0.01
-1.23
-1.19
2025
-0.15
-0.08
- -
-0.67
-0.85
2026
-0.03
-0.16
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Bao Lin Dai
Full Time Employees
232
Sector
Producer manufacturing
Industry
Electrical products
Address
Nord Center, Tower 1 Beijing BE China 100070
IPO Date
Oct 28, 2019
Website
haoersai.com
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Business
Haoersai Technology Group Corp., Ltd. (002963.SZ) specializes in architectural and landscape lighting engineering services, including design, research and development, construction, operation, and maintenance of technology lighting equipment; lighting engineering construction; lighting engineering design; and lighting product sales. The company focuses on smart lighting (智慧光艺), smart cultural tourism (智慧文旅), and smart urban areas (智慧城域) through its HAO smart platform, forming a full-system smart service chain for iconic buildings, cultural performances, artistic landscapes, and urban spaces. Founded in 2000 and headquartered at No. 128 South Fourth Ring West Road, Fengtai District, Beijing, China, it primarily operates domestically with 374 employees and offices in Shanghai, Wuhan, Shenzhen, and Dubai. Formerly known as HES Technology Group Co., Ltd., it changed its name in May 2020 to reflect its strategic shift toward smart technologies. In November 2025, the company and its former Chairman Dai Baolin faced a criminal judgment for unit bribery, resulting in a RMB 7 million fine for the firm and a suspended three-year prison sentence plus RMB 3 million fine for Dai, marking a significant governance disruption. It proposed a 2024 profit distribution of CNY 2.0 cash dividend per 10 shares in April 2025, amid challenges including net losses and declining revenues.