Guangzhou Hangxin Aviation Technology Co., Ltd.
300424 · SZSE · China
hangxin.comFinancials as of FY2025
What stands out
- Most companies in its industry are production businesses; this one is a flow business
At a glance
- Depends onMidstream position: 6 outgoing, 5 incoming connections
- ScaleLevered free cash flow is $30.31M, above the global median of $16.24M
- FinancialsAltman Z-Score 2.09: grey zone
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is a flow business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
3.46BCNY513.19M · vs all stocks (USD)
Revenue (TTM)
1.93BCNY287.04M · vs all stocks (USD)
Profit Margin
-1.37%vs Aerospace & Defense peers
Beta
0.5670xvs all stocks
52-Week Change
-19.45%vs all stocks
Market Capitalization
3.46BCNY513.19M · vs all stocks (USD)
Enterprise Value
4.09BCNY607.12M · vs all stocks (USD)
Forward P/E
18.01xvs Aerospace & Defense peers
Price to Sales (TTM)
1.84xvs Aerospace & Defense peers
Price to Book (MRQ)
4.63xvs Aerospace & Defense peers
Enterprise to Revenue
2.12xvs Aerospace & Defense peers
Enterprise to EBITDA
32.28xvs Aerospace & Defense peers
Gross Margin
26.63%vs Aerospace & Defense peers
Profit Margin
-1.37%vs Aerospace & Defense peers
Operating Margin
10.47%vs Aerospace & Defense peers
Return on Assets (TTM)
1.19%vs Aerospace & Defense peers
Return on Equity (TTM)
-2.31%vs Aerospace & Defense peers
Revenue (TTM)
1.93BCNY287.04M · vs all stocks (USD)
Revenue per Share (TTM)
7.88CNYUpdated Aug 19, 2026Quarterly Revenue Growth
44.40%vs Aerospace & Defense peers
Gross Profit (TTM)
500.96MCNY74.40M · vs all stocks (USD)
EBITDA (TTM)
236.31MCNY35.10M · vs all stocks (USD)
Net Income (TTM)
-26.45MCNY-3.93M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
216.30%vs Aerospace & Defense peers
Operating Cash Flow (TTM)
292.79MCNY43.48M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
204.08MCNY30.31M · vs all stocks (USD)
5-Year Average Dividend Yield
0.08%vs all stocks
Payout Ratio
0.00%vs Aerospace & Defense peers
Minority Interest (Equity)
42.68MCNYFY2025 · Dec 31, 2025Revenue
1.76BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
1.26BCNYFY2025 · Dec 31, 2025Gross Profit
500.90MCNYFY2025 · Dec 31, 2025Operating Income
133.82MCNY19.87M · vs all stocks (USD)
Pre-tax Income
-49.35MCNYFY2025 · Dec 31, 2025Income Tax Expense
-11.29MCNYFY2025 · Dec 31, 2025Net Income
-38.06MCNYFY2025 · Dec 31, 2025EBIT
21.30MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
236.31MCNYFY2025 · Dec 31, 2025Research & Development
74.32MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
114.99MCNYFY2025 · Dec 31, 2025Other Operating Expenses
7.28MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
416.44KCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
70.65MCNYFY2025 · Dec 31, 2025EPS (Basic)
-0.1838CNYFY2025 · Dec 31, 2025EPS (Diluted)
-0.1838CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
245.37MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
245.37MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-38.06MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-7.04MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-153.18MCNYFY2025 · Dec 31, 2025Free Cash Flow
-173.07MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
354.14MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-38.06MCNYFY2025 · Dec 31, 2025Other Non-cash Items
69.41MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-35.71MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-148.83MCNYFY2025 · Dec 31, 2025Capital Expenditures
-19.88MCNYFY2025 · Dec 31, 2025Sale of Investments
4.00MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-15.88MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
450.28MCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-503.29MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-61.53MCNYFY2025 · Dec 31, 2025Other Financing Charges
49.45MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-65.09MCNYFY2025 · Dec 31, 2025Shares Outstanding
245.44MSharesUpdated Aug 19, 2026Float Shares
203.93MSharesUpdated Aug 19, 2026% Held by Insiders
18.02%vs all stocks
% Held by Institutions
0.26%vs all stocks
Total Cash (MRQ)
305.03MCNY45.30M · vs all stocks (USD)
Total Cash per Share (MRQ)
1.24CNYUpdated Aug 19, 2026Total Debt (MRQ)
941.73MCNY139.87M · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.20xvs Aerospace & Defense peers
Current Ratio (MRQ)
1.16xvs Aerospace & Defense peers
Book Value per Share (MRQ)
3.00CNYUpdated Aug 19, 2026Total Assets
2.49BCNY369.12M · vs all stocks (USD)
Total Current Assets
1.64BCNYFY2025 · Dec 31, 2025Total Liabilities
1.73BCNYFY2025 · Dec 31, 2025Total Non-current Assets
848.08MCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
307.92MCNYFY2025 · Dec 31, 2025Total Current Liabilities
1.42BCNYFY2025 · Dec 31, 2025Cash
354.14MCNYFY2025 · Dec 31, 2025Cash Equivalents
2.90MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
357.04MCNYFY2025 · Dec 31, 2025Accounts Receivable
616.48MCNYFY2025 · Dec 31, 2025Inventory
568.68MCNYFY2025 · Dec 31, 2025Accounts Payable
375.69MCNYFY2025 · Dec 31, 2025Short-term Debt
680.97MCNYFY2025 · Dec 31, 2025Other Current Liabilities
3.08MCNYFY2025 · Dec 31, 2025Long-term Debt
290.53MCNYFY2025 · Dec 31, 2025Common Stock (Book)
245.43MCNYFY2025 · Dec 31, 2025Retained Earnings
82.76MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
758.96MCNY112.72M · vs all stocks (USD)
52-Week Low
11.48CNYUpdated Aug 19, 202652-Week High
23.30CNYUpdated Aug 19, 202652-Week Change
-19.45%vs all stocks
Beta
0.5670xvs all stocks
50-Day MA
15.18CNYUpdated Aug 19, 2026200-Day MA
17.55CNYUpdated Aug 19, 2026Avg 10-Day Volume
8.24MSharesUpdated Aug 19, 2026Avg 30-Day Volume
9.56MSharesUpdated Aug 19, 2026Diluted EPS (TTM)
-0.1100CNYUpdated Aug 19, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Most companies in its industry are production businesses; this one is a flow businessSignificant
Industry peers: 198Share on the common pattern %: 96.00
Financial Health
Altman Z-Score 2.09: grey zoneSignificant
Altman Z-Score: 2.09
Low earnings qualitySignificant
Earnings Quality Score: -2.44
Supply Chain
Midstream position: 6 outgoing, 5 incoming connectionsNotable
Outgoing: 6.00Incoming: 5.00
High connectivity hub: 11 industry connectionsNotable
Total Connections: 11.00
Scale
Levered free cash flow is $30.31M, above the global median of $16.24MNotable
Levered free cash flow (USD): 30,310,242.006Global Median: 16,239,329.704
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