Hangzhou Boiler Group (002534.SZ) stock price, revenue, and financials

Hangzhou Boiler Group market cap is ¥16.4 b, and annual revenue was ¥3.93 b in FY 2019

¥16.4 B

002534.SZ Mkt cap, 10-Nov-2021

¥3.9 B

Hangzhou Boiler Group Revenue FY, 2019
Hangzhou Boiler Group Revenue growth (FY, 2018 - FY, 2019), %10%
Hangzhou Boiler Group Gross profit (FY, 2019)813.9 M
Hangzhou Boiler Group Gross profit margin (FY, 2019), %20.7%
Hangzhou Boiler Group Net income (FY, 2019)437.9 M
Hangzhou Boiler Group Cash, 31-Dec-20191.8 B
Hangzhou Boiler Group EV14.6 B
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Hangzhou Boiler Group Revenue

Hangzhou Boiler Group revenue was ¥3.93 b in FY, 2019 which is a 10% year over year increase from the previous period.

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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

Hangzhou Boiler Group Income Statement

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

Gross profit Margin, %

26%25%21%

Sales and marketing expense

35.7m55.7m65.7m

R&D expense

158.0m187.2m196.8m

General and administrative expense

192.0m194.3m185.7m

Operating expense total

426.8m465.8m475.9m

Interest expense

14.0m14.6m4.4m

Interest income

6.2m12.7m23.2m

Investment income

48.1m121.0m72.9m

Pre tax profit

486.3m349.9m497.9m

Income tax expense

59.1m124.3m59.9m

Net Income

427.1m225.6m437.9m

EPS

0.60.30.5

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%

Sales and marketing expense

15.1m19.7m31.2m

R&D expense

95.1m65.4m

General and administrative expense

84.7m90.7m

Operating expense total

191.8m212.5m197.4m

Interest expense

8.1m2.3m

Interest income

3.9m6.1m

Investment income

17.1m44.7m50.2m

Pre tax profit

238.4m181.2m234.8m

Income tax expense

15.7m21.7m17.1m

Net Income

222.7m159.5m217.7m

EPS

0.30.20.3

Hangzhou Boiler Group Balance Sheet

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

Current Assets

5.6b6.2b6.9b

PP&E

1.4b1.1b1.5b

Goodwill

20.5m20.5m20.5m

Total Assets

8.1b8.3b9.3b

Accounts Payable

1.7b1.7b2.1b

Short-term debt

300.0m5.5m500.7k

Current Liabilities

3.9b4.2b5.0b

Long-term debt

85.0m60.0m30.1m

Non-Current Liabilities

947.0m865.5m785.5m

Total Debt

385.0m65.5m30.6m

Total Liabilities

4.9b5.0b5.8b

Common Stock

739.4m739.4m739.3m

Retained Earnings

1.2b1.3b1.5b

Total Equity

3.2b3.3b3.5b

Debt to Equity Ratio

0.1 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

2.5 x2.5 x2.7 x

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

Current Assets

5.0b5.5b6.3b

PP&E

1.5b1.3b1.0b

Goodwill

20.5m20.5m20.5m

Total Assets

7.6b8.0b8.6b

Accounts Payable

1.5b1.7b1.6b

Dividends Payable

5.5m

Short-term debt

150.0m307.0m5.5m

Current Liabilities

3.6b3.8b4.3b

Long-term debt

73.0m85.0m60.0m

Non-Current Liabilities

974.9m928.2m850.7m

Total Debt

223.0m392.0m65.5m

Total Liabilities

4.6b4.7b5.2b

Common Stock

739.4m739.4m739.3m

Retained Earnings

1.0b1.2b1.3b

Total Equity

3.0b3.2b3.4b

Debt to Equity Ratio

0.1 x0.1 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

2.5 x2.5 x2.5 x

Hangzhou Boiler Group Cash Flow

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)

Dividends Paid

(163.9m)(188.0m)(181.9m)

Cash From Financing Activities

(16.0m)(497.1m)(338.1m)

Net Change in Cash

(357.1m)303.5m846.8m

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)

Dividends Paid

(140.0m)(176.4m)(172.4m)

Cash From Financing Activities

(157.3m)(169.2m)(172.3m)

Net Change in Cash

(372.3m)(16.4m)(82.0m)

Hangzhou Boiler Group Ratios

CNYH1, 2017

Debt/Equity

0.1 x

Financial Leverage

2.5 x

Hangzhou Boiler Group Operating Metrics

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

Products

24

Facility Space, sq. m

560 k

Orders Received (Industrial Boiler)

¥883 m¥888 m¥964 m

Orders Received (Other)

¥275 m¥354 m¥153 m

Orders Received (Power Station Auxiliary Machine)

¥20 m¥48 m¥18 m

Orders Received (Power Station Boiler)

¥624 m¥796 m¥1.23 b

Orders Received (Turnkey Project)

¥279 m¥599 m¥716 m

Orders Received (Waste Heat Boiler)

¥1.61 b¥1.07 b¥1.43 b

Hangzhou Boiler Group Human Capital

Job Roles

FY, 2019FY, 2018FY, 2017
Technical and Engineering25.6%28.2%28.5%
Administration15.8%18.8%18.4%
Production49.5%44.7%44.4%
Other9.1%8.3%8.7%