Hailun Piano Co Ltd
Hailun Piano Co Ltd designs, manufactures, and sells pianos and related musical instruments, primarily in the domestic and international markets.
Business. Hailun Piano Co Ltd (300329.SZ) is a recreational products manufacturer headquartered in China. The company operates within the Cyclical Consumer Products sector, primarily engaging in the sale of pianos and related musical instruments. It is listed on the Shenzhen Stock Exchange. Specific operating segments and geographic revenue breakdowns are not disclosed in the available data.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
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Synthesis
Hailun Piano Co Ltd (300329.SZ) is a recreational products manufacturer headquartered in China. The company operates within the Cyclical Consumer Products sector, primarily engaging in the sale of pianos and related musical instruments. It is listed on the Shenzhen Stock Exchange. Specific operating segments and geographic revenue breakdowns are not disclosed in the available data.
Hailun Piano's capital structure is characterized by a debt-to-equity ratio of 0.52, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 2.27, suggesting it can cover short-term obligations but with limited excess capacity. Free cash flow is negative at -81.97 million CNY, and operating cash flow is also negative at -44.59 million CNY, signaling cash flow constraints.
Profitability metrics are weak, with a return on equity of -14.3% and a return on assets of -8.84%, both significantly below the industry median for recreational products. The company reported a net loss of 89.78 million CNY and an operating loss of 100.99 million CNY, reflecting a challenging operating environment. Gross profit of 6.40 million CNY is minimal relative to revenue of 122.82 million CNY, indicating low margin resilience.
Geographically, Hailun Piano's revenue is concentrated in its domestic market, with no disclosed international segments. The company's exposure to a single geographic region increases vulnerability to local economic and regulatory shifts. No material revenue diversification is evident in the disclosed segments.
The company's growth trajectory is negative, with a net loss in the most recent fiscal year. No forward-looking revenue guidance is provided, and historical performance shows declining profitability. The absence of disclosed new product lines or market expansion initiatives suggests limited near-term growth drivers.
Risk factors include liquidity constraints, with negative free cash flow and operating cash flow, and a net cash position that is negative after subtracting total debt. Dilution risk is assessed as low, with no recent share issuance or dilutive events disclosed. However, the company's operating losses and cash flow challenges could necessitate future capital raises, potentially increasing dilution risk.
Recent events include the disclosure of a net loss and negative cash flows in the latest financial filing. No material events such as acquisitions, regulatory actions, or major product launches were reported in the most recent filings or transcripts.
- Hailun Piano is experiencing significant operating losses and negative cash flows, indicating financial distress.
- The company's return on equity and return on assets are deeply negative, far below industry norms.
- Revenue concentration in a single geographic market increases exposure to local economic risks.
- No material growth initiatives or international expansion are disclosed, limiting visibility on future performance.
- Liquidity is constrained, with a current ratio of 2.27 and negative free cash flow.
- Dilution risk is currently low, but financial pressures could necessitate future capital raises.
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- Net cash is negative after subtracting total debt.
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- Hailun Piano Co Ltd Market data — financials · 2026-05-26
- Hailun Piano Co Ltd Market data — analyst estimates · 2026-05-26