Hangzhou Advance Gearbox Group Co Ltd

Chart & Performance

D1W1MN

P/E

16.53

P/S

1.86

EPS

0.52

Div Yield, %

1.96%

Shrs. gr., 5y

1.98%

Rev. gr., 5y

2.86%

Revenues

1.88b

-14.28%

Net income

211m

+0.99%

CFO

57m

Dividend

May 30, 20240.05 CNY/sh

Earnings

May 15, 2025

Profile

Hangzhou Advance Gearbox Group Co., Ltd. designs and manufactures transmission and powder metallurgical products in China. The company offers marine gearboxes, hydraulic clutches, hydraulic transmissions and CPPs, FPPs, and tunnel and azimuthing thrusters for use in fishing, transport, working, special boats, ocean large-power vessels, etc. It also provides transmissions, torque converters, constructional vehicle axles, etc. for earthmoving, compacting, excavating, transport, concrete, railway track, coal mine machinery, etc.; and industrial vehicle applications. In addition, the company develops automobile transmissions, such as light bus, car, and commercial vehicle transmission technologies; HC and T series transmissions for heavy trucks, large or medium city buses, and highway passenger and commercial cars; pure-electric and hybrid vehicle transmissions for use in pure electric and public buses, small-size four-wheeled electric vehicles, large electric city buses, and hybrid drive cars; and AMT transmissions for large and medium city buses. Further, it offers wind-energy gearboxes; industrial products for building material, food processing, petrochemical engineering, electric power, mining, coal, transportation, rubber and plastic, hoisting, test rig, railway and ocean engineering, and new energy applications; and agricultural transmissions for harvester and baler applications. Additionally, the company provides friction materials and P/M structural parts for use in clutching and braking applications on ship, construction, agricultural, mining machineries, heavy and special vehicles, and universal machineries, as well as large high-precision gears. It also exports products to Southeast Asia, Europe, the Middle East, and other regions. Hangzhou Advance Gearbox Group Co., Ltd. was founded in 1960 and is headquartered in Hangzhou, China.

URL

http://www.chinaadvance.com

IPO date

Oct 11, 2010

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,882,559 -14.28%	2,196,065 2.62%	2,140,022 11.55%
Cost of revenue	1,680,507	1,943,598	1,839,176
Unusual Expense (Income)
NOPBT	202,053	252,467	300,846
NOPBT Margin	10.73%	11.50%	14.06%
Operating Taxes	3,312	1,319	7,130
Tax Rate	1.64%	0.52%	2.37%
NOPAT	198,741	251,148	293,716
Net income	211,461 0.99%	209,390 39.63%	149,957 62.87%
Dividends	(68,440)	(8,801)	(8,001)
Dividend yield	1.65%	0.27%	0.22%
Proceeds from repurchase of equity
BB yield
Debt
Debt current	430,327	542,241	622,060
Long-term debt	587,715	522,572	425,412
Deferred revenue	38,033	36,995	42,425
Other long-term liabilities	131,190	133,014	116,162
Net debt	(851,504)	(714,127)	(689,946)
Cash flow
Cash from operating activities	57,373		162,454
CAPEX	(46,306)
Cash from investing activities	(85,978)
Cash from financing activities	(59,115)
FCF	203,873	60,438	584,358
Balance
Cash	455,089	459,813	556,066
Long term investments	1,414,457	1,319,127	1,181,352
Excess cash	1,775,419	1,669,137	1,630,416
Stockholders' equity	1,580,823	1,365,118	1,185,313
Invested Capital	2,015,347	2,072,511	2,029,533
ROIC	9.72%	12.25%	14.79%
ROCE	5.60%	7.33%	9.34%
EV
Common stock shares outstanding	400,060	400,060	400,060
Price	10.37 26.93%	8.17 -9.32%	9.01 11.79%
Market cap	4,148,622 26.93%	3,268,490 -9.32%	3,604,541 11.79%
EV	3,384,672	2,639,722	3,004,609
EBITDA	300,533	350,952	397,485
EV/EBITDA	11.26	7.52	7.56
Interest	35,515	38,529	40,493
Interest/NOPBT	17.58%	15.26%	13.46%