CompanyGraph
What stands out
- Earnings significantly exceed cash generation
At a glance
- Depends onMidstream position: 6 outgoing, 4 incoming connections
- FinancialsAltman Z-Score 2.54: grey zone
- Interpretations3 currently firing — 3
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
0.47%Below 5Y avg (0.66%)
Annual Rate
CNY 0.12Paid semi-annual
Payout Ratio
19.7%Sustainable
Last Ex-Dividend
May 22, 2026
The reported statements, read against the company's own industry.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
4.30BCNY642.74M · vs all stocks (USD)
Trailing P/E
40.98xvs Metal Fabrication peers
Revenue (TTM)
1.98BCNY295.97M · vs all stocks (USD)
Profit Margin
5.17%vs Metal Fabrication peers
Beta
-0.0780xvs all stocks
52-Week Change
-39.79%vs all stocks
Forward Annual Dividend Yield
0.47%vs all stocks
Market Capitalization
4.30BCNY642.74M · vs all stocks (USD)
Enterprise Value
5.96BCNY890.41M · vs all stocks (USD)
Trailing P/E
40.98xvs Metal Fabrication peers
Price to Sales (TTM)
2.12xvs Metal Fabrication peers
Price to Book (MRQ)
1.94xvs Metal Fabrication peers
Enterprise to Revenue
3.01xvs Metal Fabrication peers
Gross Margin
16.37%vs Metal Fabrication peers
Profit Margin
5.17%vs Metal Fabrication peers
Operating Margin
5.56%vs Metal Fabrication peers
Return on Assets (TTM)
-0.77%vs Metal Fabrication peers
Return on Equity (TTM)
5.88%vs Metal Fabrication peers
Revenue (TTM)
1.98BCNY295.97M · vs all stocks (USD)
Revenue per Share (TTM)
11.94CNYUpdated Sep 22, 2026Quarterly Revenue Growth
-1.60%vs Metal Fabrication peers
Gross Profit (TTM)
197.84MCNY29.54M · vs all stocks (USD)
EBITDA (TTM)
239.72MCNY35.80M · vs all stocks (USD)
Net Income (TTM)
102.43MCNY15.30M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-75.70%vs Metal Fabrication peers
Operating Cash Flow (TTM)
-408.84MCNY-61.05M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-1.27BCNY-189.83M · vs all stocks (USD)
Forward Annual Dividend Rate
0.1200CNYUpdated Sep 22, 2026Forward Annual Dividend Yield
0.47%vs all stocks
Trailing Annual Dividend Rate
0.1200CNYUpdated Sep 22, 2026Trailing Annual Dividend Yield
0.47%vs all stocks
5-Year Average Dividend Yield
0.66%vs all stocks
Payout Ratio
19.67%vs Metal Fabrication peers
Minority Interest (Equity)
448.27MCNYFY2025 · Dec 31, 2025Revenue
2.15BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
1.74BCNYFY2025 · Dec 31, 2025Gross Profit
405.77MCNYFY2025 · Dec 31, 2025Operating Income
182.61MCNY27.27M · vs all stocks (USD)
Pre-tax Income
391.70MCNYFY2025 · Dec 31, 2025Income Tax Expense
61.88MCNYFY2025 · Dec 31, 2025Net Income
329.82MCNYFY2025 · Dec 31, 2025EBIT
411.98MCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
567.53MCNYFY2025 · Dec 31, 2025Research & Development
57.78MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
36.74MCNYFY2025 · Dec 31, 2025Other Operating Expenses
16.64MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
2.05MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
20.28MCNYFY2025 · Dec 31, 2025EPS (Basic)
1.18CNYFY2025 · Dec 31, 2025EPS (Diluted)
1.18CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
168.38MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
168.38MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
329.82MCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
-131.13MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
277.41MCNYFY2025 · Dec 31, 2025Free Cash Flow
-94.38MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
504.73MCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
329.82MCNYFY2025 · Dec 31, 2025Other Non-cash Items
22.63MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-184.70MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
109.67MCNYFY2025 · Dec 31, 2025Capital Expenditures
-371.79MCNYFY2025 · Dec 31, 2025Purchase of Investments
-85.50MCNYFY2025 · Dec 31, 2025Sale of Investments
18.69MCNYFY2025 · Dec 31, 2025Other Investing Activity
5.08MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-433.51MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
1.35BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-687.32MCNYFY2025 · Dec 31, 2025Common Dividends Paid
-49.68MCNYFY2025 · Dec 31, 2025Other Financing Charges
-3.17MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
605.36MCNYFY2025 · Dec 31, 2025Shares Outstanding
168.00MSharesUpdated Sep 22, 2026Float Shares
46.20MSharesUpdated Sep 22, 2026% Held by Insiders
73.67%vs all stocks
% Held by Institutions
0.96%vs all stocks
Total Cash (MRQ)
439.25MCNY65.59M · vs all stocks (USD)
Total Cash per Share (MRQ)
2.62CNYUpdated Sep 22, 2026Total Debt (MRQ)
1.76BCNY262.75M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.6761xvs Metal Fabrication peers
Current Ratio (MRQ)
2.08xvs Metal Fabrication peers
Book Value per Share (MRQ)
12.86CNYUpdated Sep 22, 2026Total Assets
4.75BCNY709.79M · vs all stocks (USD)
Total Current Assets
2.60BCNYFY2025 · Dec 31, 2025Total Liabilities
2.16BCNYFY2025 · Dec 31, 2025Total Non-current Assets
2.15BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
623.50MCNYFY2025 · Dec 31, 2025Total Current Liabilities
1.53BCNYFY2025 · Dec 31, 2025Cash
505.02MCNYFY2025 · Dec 31, 2025Cash Equivalents
24.00MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
529.02MCNYFY2025 · Dec 31, 2025Other Short-term Investments
24.96MCNYFY2025 · Dec 31, 2025Accounts Receivable
1.42BCNYFY2025 · Dec 31, 2025Inventory
179.93MCNYFY2025 · Dec 31, 2025Accounts Payable
793.26MCNYFY2025 · Dec 31, 2025Short-term Debt
387.82MCNYFY2025 · Dec 31, 2025Other Current Liabilities
30.93MCNYFY2025 · Dec 31, 2025Long-term Debt
584.01MCNYFY2025 · Dec 31, 2025Common Stock (Book)
168.00MCNYFY2025 · Dec 31, 2025Retained Earnings
1.15BCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
2.60BCNY387.86M · vs all stocks (USD)
52-Week Low
20.28CNYUpdated Sep 22, 202652-Week High
55.87CNYUpdated Sep 22, 202652-Week Change
-39.79%vs all stocks
Beta
-0.0780xvs all stocks
50-Day MA
25.05CNYUpdated Sep 22, 2026200-Day MA
35.48CNYUpdated Sep 22, 2026Avg 10-Day Volume
2.95MSharesUpdated Sep 22, 2026Avg 30-Day Volume
6.34MSharesUpdated Sep 22, 2026Diluted EPS (TTM)
0.6100CNYUpdated Sep 22, 20263 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
High ROE With Large Non-Operating Gap and Elevated-Margin-With-Deceleration
Return on equity reads high, with a large gap between pretax and operating income.
Reads
Where is this company structurally exposed?
Ulcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility Elevated
It sits well below its peak, and the fall has been both deep and long.
Receivables Heavy and Growing
Money owed by customers keeps growing, and is much of its current assets.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 15,295,545.763Operating Cash Flow (USD, TTM): -61,052,765.313
Financial Health
Altman Z-Score 2.54: grey zoneSignificant
Altman Z-Score: 2.54
Low earnings qualitySignificant
Earnings Quality Score: -0.64
Supply Chain
Midstream position: 6 outgoing, 4 incoming connectionsNotable
Outgoing: 6.00Incoming: 4.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
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Companies that share active interpretations — structural patterns currently present in both stocks.
Hanwei Electronics Group Co., Ltd.
2 interpretationsReceivables Heavy and GrowingUlcer Index Elevated, Drawdown From Peak Significant, 20-Week Volatility Elevated
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