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LIVE · 10:10 UTC
Companies/Consumer Discretionary/600099
600099$11.7056

Linhai Co Ltd

Auto & Truck ManufacturersVerified
Score breakdown
Valuation+11Profitability+32Sentiment+30Risk penalty-3
Quality breakdown
Key fields100Profile38Conclusion96AI synthesis40Observations3

Linhai Co Ltd maintains a capital structure with a market cap of 2.56 billion CNY and a price-to-book ratio of 4.69, indicating a premium valuation relative to its book value [doc:HA-latest]. The company's liquidity position is characterized by a current ratio of 1.22, suggesting moderate short-term liquidity [doc:HA-latest]. However, the risk assessment highlights a medium liquidity risk, with net cash being negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity of 4.49% and a return on assets of 2.13%, both below the industry median for Auto & Truck Manufacturers. The company's gross profit margin is 12.62%, and its operating margin is 2.31%, indicating relatively low profitability compared to industry peers [doc:HA-latest]. Linhai Co Ltd's revenue is derived from multiple segments, including special vehicles, agricultural machinery, fire-fighting machinery, and motorcycles. The company's geographic exposure is primarily concentrated in China, with no disclosed international revenue segments [doc:HA-latest]. This concentration may expose the company to regional economic and regulatory risks. The company's growth trajectory is modest, with no disclosed revenue growth rates or outlook for the current or next fiscal year. The capital expenditure of -14.68 million CNY suggests a reduction in investment in new projects or capacity [doc:HA-latest]. The outlook for the company's revenue and profitability remains uncertain without specific guidance. Risk factors include a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio is 0.0, indicating no leverage, but the negative net cash position raises concerns about its ability to meet short-term obligations [doc:HA-latest]. There are no disclosed dilution sources or recent equity issuances that would impact shareholder value [doc:HA-latest]. Recent events and filings do not provide specific details on strategic initiatives or operational changes. The company's financial performance and risk profile suggest a need for continued monitoring of its liquidity and profitability trends [doc:HA-latest].

Profile
CompanyLinhai Co Ltd
Ticker600099.SS
SectorConsumer Cyclicals
BusinessAutomobiles & Auto Parts
Industry groupAutomobiles & Auto Parts
IndustryAuto & Truck Manufacturers
AI analysis

Business. Linhai Co Ltd is a China-based company engaged in the manufacturing and sales of vehicles and machinery, including special vehicles, agricultural machinery, fire-fighting machinery, and motorcycles [doc:HA-latest].

Classification. Linhai Co Ltd is classified under the Consumer Cyclicals economic sector, Automobiles & Auto Parts business sector, and Auto & Truck Manufacturers industry with a confidence level of 0.92 [doc:verified market data].

Linhai Co Ltd maintains a capital structure with a market cap of 2.56 billion CNY and a price-to-book ratio of 4.69, indicating a premium valuation relative to its book value [doc:HA-latest]. The company's liquidity position is characterized by a current ratio of 1.22, suggesting moderate short-term liquidity [doc:HA-latest]. However, the risk assessment highlights a medium liquidity risk, with net cash being negative after subtracting total debt [doc:HA-latest]. Profitability metrics show a return on equity of 4.49% and a return on assets of 2.13%, both below the industry median for Auto & Truck Manufacturers. The company's gross profit margin is 12.62%, and its operating margin is 2.31%, indicating relatively low profitability compared to industry peers [doc:HA-latest]. Linhai Co Ltd's revenue is derived from multiple segments, including special vehicles, agricultural machinery, fire-fighting machinery, and motorcycles. The company's geographic exposure is primarily concentrated in China, with no disclosed international revenue segments [doc:HA-latest]. This concentration may expose the company to regional economic and regulatory risks. The company's growth trajectory is modest, with no disclosed revenue growth rates or outlook for the current or next fiscal year. The capital expenditure of -14.68 million CNY suggests a reduction in investment in new projects or capacity [doc:HA-latest]. The outlook for the company's revenue and profitability remains uncertain without specific guidance. Risk factors include a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio is 0.0, indicating no leverage, but the negative net cash position raises concerns about its ability to meet short-term obligations [doc:HA-latest]. There are no disclosed dilution sources or recent equity issuances that would impact shareholder value [doc:HA-latest]. Recent events and filings do not provide specific details on strategic initiatives or operational changes. The company's financial performance and risk profile suggest a need for continued monitoring of its liquidity and profitability trends [doc:HA-latest].
Key takeaways
  • Linhai Co Ltd operates in the Auto & Truck Manufacturers industry with a focus on vehicles and machinery.
  • The company's valuation is premium, with a price-to-book ratio of 4.69 and a high price-to-earnings ratio of 104.42.
  • Profitability metrics are below industry medians, with a return on equity of 4.49% and a return on assets of 2.13%.
  • The company's liquidity position is moderate, with a current ratio of 1.22 and a negative net cash position.
  • Revenue is concentrated in China, with no disclosed international segments, increasing regional exposure risk.
  • Growth and capital expenditure trends are not clearly defined, with a reduction in investment noted.
  • --
  • ## RATIONALES
Financial snapshot
PeriodHA-latest
CurrencyCNY
Revenue$1.13B
Gross profit$142.8M
Operating income$26.1M
Net income$24.6M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow$126.6M
CapEx-$14.7M
Free cash flow$15.6M
Total assets$1.15B
Total liabilities$608.0M
Total equity$546.4M
Cash & equivalents—
Long-term debt$1.8M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
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Quarterly history (last 4)
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PeriodGross %Op %Net %FCF %
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PeriodAssetsEquityCashDebt
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PeriodOCFCapExFCFSBC
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Valuation
Market price$11.70
Market cap$2.56B
Enterprise value$2.57B
P/E104.4
Reported non-GAAP P/E—
EV/Revenue2.3
EV/Op income98.3
EV/OCF20.3
P/B4.7
P/Tangible book4.7
Tangible book$546.4M
Net cash-$1.8M
Current ratio1.2
Debt/Equity0.0
ROA2.1%
ROE4.5%
Cash conversion5.2%
CapEx/Revenue-1.3%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Auto & Truck Manufacturers · cohort 1 companies
Metric600099Activity
Op margin2.3%10.7% medp25 10.7% · p75 10.7%bottom quartile
Net margin2.2%9.4% medp25 9.4% · p75 9.4%bottom quartile
Gross margin12.6%18.0% medp25 13.4% · p75 20.0%bottom quartile
R&D / revenue—4.4% medp25 4.4% · p75 4.4%
CapEx / revenue-1.3%4.3% medp25 4.3% · p75 4.3%bottom quartile
Debt / equity0.0%52.5% medp25 52.5% · p75 52.5%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-04 11:35 UTC#9ee4a3f3
Market quoteclose CNY 11.70 · shares 0.22B diluted
no public URL
2026-05-04 11:35 UTC#3f1c40c6
Source: analysis-pipeline (hybrid)Generated: 2026-05-04 11:37 UTCJob: bf2c9c66