PerpEquities

HGTECH Co., Ltd. (HUAGONGTECH) financials

SHZ · Industrials · Electrical Equipment & Parts · 9,462 employees · CEO Xinqiang Ma

Price
CN¥63.63 +2.38%
Market cap
CN¥64B
Enterprise value
CN¥67.8B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-04-01
Revenue (TTM)CN¥16B+16.2% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)10.7%-1.0 pp vs a year agoOperating income CN¥1.71B
Net income (TTM)CN¥1.82B+13.2% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-CN¥1.04B-1,721.6% vs a year agoCapex CN¥1.17B
Diluted EPS (TTM)CN¥1.81+13.1% vs a year agoSum of the last 4 quarters
Net cash-CN¥3.41B-31.0% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
CN¥64B
EV CN¥67.8B
Revenue
CN¥16B
Trailing 12 months
Revenue growth
–
Next fiscal year
Profit margin
11.4%
Net income / revenue, TTM
P/E
35.2×
P/S
4.0×
Price / sales, TTM
EV / EBITDA
35.9×
TTM
Free cash flow
-CN¥1.04B
Trailing 12 months
Net income
CN¥1.82B
Trailing 12 months
Revenue estimate
–
Next fiscal year
Earnings
2027-04-01
Dividend
CN¥0.25
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth accelerating: 41.8% year on yearQ3 '26 revenue CN¥4.83B, against an average of 5.6% over the four quarters before.
  • Operating margin 10.7% (TTM), -1.0 pp on a year agoOperating income grew 5.9% while revenue grew 16.2%.
  • 19.4% of pre-tax profit is non-operatingPre-tax income CN¥2.13B vs operating income CN¥1.71B (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
  • Capex 7.4% of revenue (a year ago 6.2%)CN¥1.17B invested in the last 4 quarters (+37.0% on a year earlier). Free cash flow -CN¥1.04B = -57.3% of net income.
  • Diluted share count up 0.0% in a year996M diluted shares in Q3 '26, 996M a year earlier.
  • Net debt CN¥3.41BCash + short-term investments CN¥2.88B, debt incl. leases CN¥6.3B; a year ago net debt CN¥2.61B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥4.83BCN¥3.41B+41.8%
Gross margin20.7%25.0%-4.2 pp
Operating incomeCN¥560MCN¥339M+65.4%
Operating margin11.6%9.9%+1.7 pp
Net incomeCN¥480MCN¥410M+17.0%
Diluted EPSCN¥0.48CN¥0.41+17.1%
Operating cash flow-CN¥90.5MCN¥315M-128.7%
CapexCN¥207MCN¥172M+20.2%
Free cash flow-CN¥298MCN¥143M-308.2%
R&DCN¥264MCN¥276M-4.2%
Stock-based compensationCN¥0CN¥0–

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥135M
Capex
-CN¥1.17B
Buybacks
-CN¥395M
Dividends
-CN¥322M
Acquisitions
CN¥50.5M
Net debt issued
-CN¥748M
Stock-based compensation
CN¥0
Free cash flow
-CN¥1.04B
Returned to shareholders / FCF
-69.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)35.2×34.8×18.2× – 54.0×
EV / EBITDA35.9×34.5×18.2× – 49.5×
EV / Sales4.2×3.2×1.3× – 5.7×
Price / FCF-61.6×596.4× 4 of 5 years27.4× – 1,976.8×
Price / Book5.1×4.1×2.0× – 7.2×
FCF yield-1.6%1.0%-1.0% – 3.7%
Return on invested capital7.6%8.0%6.2% – 9.2%
Return on equity15.4%11.5%10.3% – 13.3%

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02