XSHG603806
Market cap5.68bUSD
Dec 24, Last price
15.91CNY
1D
2.58%
1Q
13.16%
Jan 2017
-55.30%
IPO
-63.04%
Name
Hangzhou First Applied Material Co Ltd
Chart & Performance
Profile
Hangzhou First Applied Material Co., Ltd. designs, develops, manufactures, and sells solar battery encapsulation materials in China. The company offers encapsulant EVA films, polyolefin films, and back-sheet materials for PV modules; dry film photoresists and flexible copper clad laminates; aluminum laminated films; silicone encapsulant for LED; and co-polyamide hot melt web, a double-sided adhesive non-woven fabric used in the bonding of fabric, leather, metal, plastic, microfiber, non-woven fabric, wood, paper, and other materials. It also exports its products. The company was formerly known as Hangzhou First PV Material Co., Ltd. and changed its name to Hangzhou First Applied Material Co., Ltd. in March 2017. The company was founded in 2003 and is based in Hangzhou, China. Hangzhou First Applied Material Co., Ltd. was formerly a subsidiary of Hangzhou First Technology Group Co., Ltd.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 22,588,527 19.66% | 18,877,495 46.82% | 12,857,894 53.20% | |||||||
Cost of revenue | 20,242,182 | 16,726,327 | 10,190,346 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 2,346,345 | 2,151,168 | 2,667,547 | |||||||
NOPBT Margin | 10.39% | 11.40% | 20.75% | |||||||
Operating Taxes | 200,031 | 122,804 | 271,336 | |||||||
Tax Rate | 8.53% | 5.71% | 10.17% | |||||||
NOPAT | 2,146,314 | 2,028,364 | 2,396,211 | |||||||
Net income | 1,850,162 17.20% | 1,578,570 -28.13% | 2,196,549 40.35% | |||||||
Dividends | (199,732) | (332,886) | (346,299) | |||||||
Dividend yield | 0.32% | 0.37% | 0.14% | |||||||
Proceeds from repurchase of equity | (70,996) | |||||||||
BB yield | 0.11% | |||||||||
Debt | ||||||||||
Debt current | 953,151 | 1,299,411 | 5,591 | |||||||
Long-term debt | 2,697,895 | 2,528,361 | 14,674 | |||||||
Deferred revenue | 27,237 | 24,338 | ||||||||
Other long-term liabilities | 42,579 | 3,309 | 1 | |||||||
Net debt | (1,506,891) | (2,440,995) | (2,754,642) | |||||||
Cash flow | ||||||||||
Cash from operating activities | (16,842) | 26,039 | ||||||||
CAPEX | (742,862) | |||||||||
Cash from investing activities | (284,649) | 1,517,016 | ||||||||
Cash from financing activities | (643,067) | 3,980,680 | ||||||||
FCF | (644,432) | 126,919 | 1,239,447 | |||||||
Balance | ||||||||||
Cash | 5,340,879 | 6,268,767 | 2,771,462 | |||||||
Long term investments | (182,943) | 3,444 | ||||||||
Excess cash | 4,028,510 | 5,324,892 | 2,132,012 | |||||||
Stockholders' equity | 12,452,657 | 10,064,312 | 8,384,251 | |||||||
Invested Capital | 15,457,774 | 12,499,300 | 9,838,568 | |||||||
ROIC | 15.35% | 18.16% | 26.20% | |||||||
ROCE | 12.03% | 12.05% | 22.27% | |||||||
EV | ||||||||||
Common stock shares outstanding | 2,606,514 | 1,872,881 | 1,832,017 | |||||||
Price | 24.27 -48.86% | 47.46 -63.65% | 130.55 83.43% | |||||||
Market cap | 63,260,099 -28.83% | 88,886,933 -62.84% | 239,169,879 85.67% | |||||||
EV | 61,960,871 | 86,475,482 | 236,429,144 | |||||||
EBITDA | 2,668,643 | 2,399,260 | 2,861,946 | |||||||
EV/EBITDA | 23.22 | 36.04 | 82.61 | |||||||
Interest | 77,063 | 21,142 | 7,166 | |||||||
Interest/NOPBT | 3.28% | 0.98% | 0.27% |