OverviewSuggest Edit

Hangzhou Boiler Group (HBG, 杭州锅炉集团股份有限公司) is a company that specializes in boiler, pressure vessel, environmental protection, and new energy equipment. It provides flue gas purifiers, heaters, boilers, deaerators, and other products designed for metallurgy, chemical, urban construction, and energy markets. In addition, the company delivers consulting, research and development, production, sales, installation, and other related engineering services.

TypePublic
Founded1955
HQHangzhou, CN
Websitechinaboilers.com

Latest Updates

Employees (est.) (Jul 2021)2,107
Revenue (FY, 2019)¥3.9 B(+10%)
Share Price (Oct 2021)¥19
Cybersecurity ratingBMore
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Key People/Management at Hangzhou Boiler Group

Wang Shuifu

Wang Shuifu

Chairman
He Weixiao

He Weixiao

General Manager
Zhikang Jiang

Zhikang Jiang

VP of Sales
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Hangzhou Boiler Group Office Locations

Hangzhou Boiler Group has an office in Hangzhou
Hangzhou, CN (HQ)
1216 Danonggang Rd, Jianggan Qu
Hangzhou, CN
Dingqiao
Hangzhou, CN
Xiacheng District
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Hangzhou Boiler Group Financials and Metrics

Hangzhou Boiler Group Revenue

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Hangzhou Boiler Group's revenue was reported to be ¥3.93 b in FY, 2019 which is a 10% increase from the previous period.
CNY

Revenue (FY, 2019)

3.9b

Revenue growth (FY, 2018 - FY, 2019), %

10%

Gross profit (FY, 2019)

813.9m

Gross profit margin (FY, 2019), %

20.7%

Net income (FY, 2019)

437.9m

Market capitalization (21-Oct-2021)

13.4b

Closing stock price (21-Oct-2021)

19.0

Cash (31-Dec-2019)

1.8b

EV

11.6b
Hangzhou Boiler Group's current market capitalization is ¥13.4 b.
Annual
CNYFY, 2017FY, 2018FY, 2019

Revenue

3.5b3.6b3.9b

Revenue growth, %

2%10%

Cost of goods sold

2.6b2.7b3.1b

Gross profit

907.6m884.9m813.9m
Half Year
CNYH1, 2017H1, 2018H1, 2019

Revenue

1.8b1.7b1.7b

Cost of goods sold

1.3b1.3b1.3b

Gross profit

442.1m370.8m348.9m

Gross profit Margin, %

25%22%21%
Annual
CNYFY, 2017FY, 2018FY, 2019

Cash

744.5m971.5m1.8b

Accounts Receivable

1.4b1.6b1.7b

Prepaid Expenses

244.8m257.8m338.2m

Inventories

800.0m1.0b1.0b
Half Year
CNYH1, 2017H1, 2018H1, 2019

Cash

666.6m729.8m887.0m

Accounts Receivable

1.5b1.5b1.8b

Prepaid Expenses

189.7m330.2m336.1m

Inventories

758.7m781.2m900.2m
Annual
CNYFY, 2017FY, 2018FY, 2019

Cash From Operating Activities

534.3m514.1m905.2m

Purchases of PP&E

(140.2m)(218.7m)(258.7m)

Cash From Investing Activities

(865.7m)270.2m278.4m

Long-term Borrowings

(247.1m)(335.9m)(30.5m)
Half Year
CNYH1, 2017H1, 2018H1, 2019

Cash From Operating Activities

103.0m180.3m155.5m

Purchases of PP&E

(38.1m)(111.2m)(85.2m)

Cash From Investing Activities

(314.6m)(29.9m)(63.3m)

Long-term Borrowings

(12.8m)(500.0k)(500.0k)
CNYH1, 2017

Debt/Equity

0.1 x

Financial Leverage

2.5 x
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Hangzhou Boiler Group Operating Metrics

FY, 2017FY, 2018FY, 2019Aug, 2020

Products

24

Facility Space, sq. m

560 k

Orders Received (Other)

¥275 m¥354 m¥153 m

Orders Received (Waste Heat Boiler)

¥1.61 b¥1.07 b¥1.43 b
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Hangzhou Boiler Group Acquisitions / Subsidiaries

Company NameDateDeal Size
新世纪能源公司
杭州杭锅检测技术有限公司
杭州杭锅电气科技有限公司
杭州西子星月产业园经营管理有限公司
杭州西子机电技术学校
杭州锅炉厂工程物资有限公司
杭锅国际实业有限公司
杭锅工业锅炉公司
杭锅江南能源公司
杭锅通用设备公司
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Hangzhou Boiler Group Revenue Breakdown

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Hangzhou Boiler Group revenue breakdown by business segment: 11.9% from Total package, 12.0% from Parts, 26.4% from Power station boilers, 22.9% from Waste heat boilers, 22.2% from Industrial boilers and 4.7% from Other

Hangzhou Boiler Group revenue breakdown by geographic segment: 11.4% from Export and 88.6% from Domestic

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Hangzhou Boiler Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

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Hangzhou Boiler Group Online and Social Media Presence

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Hangzhou Boiler Group News and Updates

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China Boiler Industry Report, 2018-2019 & Forecast to 2023 - ResearchAndMarkets.com

The "Research Report on China's Boiler Industry, 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Hangzhou Boiler Group Frequently Asked Questions

  • When was Hangzhou Boiler Group founded?

    Hangzhou Boiler Group was founded in 1955.

  • Who are Hangzhou Boiler Group key executives?

    Hangzhou Boiler Group's key executives are Wang Shuifu, He Weixiao and Zhikang Jiang.

  • How many employees does Hangzhou Boiler Group have?

    Hangzhou Boiler Group has 2,107 employees.

  • What is Hangzhou Boiler Group revenue?

    Latest Hangzhou Boiler Group annual revenue is ¥3.9 b.

  • What is Hangzhou Boiler Group revenue per employee?

    Latest Hangzhou Boiler Group revenue per employee is ¥1.9 m.

  • Who are Hangzhou Boiler Group competitors?

    Competitors of Hangzhou Boiler Group include VKK STANDARDKESSEL Kothen, Jiangsu Gang Feng Boiler and Watts Water Technologies.

  • Where is Hangzhou Boiler Group headquarters?

    Hangzhou Boiler Group headquarters is located at 1216 Danonggang Rd, Jianggan Qu, Hangzhou.

  • Where are Hangzhou Boiler Group offices?

    Hangzhou Boiler Group has an office in Hangzhou.

  • How many offices does Hangzhou Boiler Group have?

    Hangzhou Boiler Group has 3 offices.