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002988.SZ Shenzhen Stock Exchange Unclassified

Guangdong Haomei New Materials Co Ltd

¥32,39
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Mcap
8,1B CNY
P/E
50,5x
EV / Rev
1,1x
Div yield
0,00 %
Op margin
3,1 %
ROE
7,1 %
Net margin
2,8 %
Debt / equity
1,05
Beta
52w range
Volume
Day range
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About

Guangdong Haomei New Materials Co Ltd operates in the materials sector, specifically within the Metals & Mining industry classification, generating revenue through the production and sale of new materials.

Business. Guangdong Haomei New Materials Co Ltd operates in the materials sector, specifically within the Metals & Mining industry classification, generating revenue through the production and sale of new materials.

Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
72
composite score
Valuation
50,5x
P/E
Analysts
Buy
1 analysts · indicative
Ownership
not yet wired
Profitability
7,1 %
return on equity
Quality
53
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 002988.
  • Sector rotation

    Sector1D1Mvs mkt
    Communication Services+2,2 %−5,5 %+1,5 %
    Materials+2,2 %+3,2 %+1,4 %
    Energy+0,9 %+5,2 %+0,1 %
    Health Care+0,7 %−1,3 %+0,0 %
    Consumer Discretionary+0,3 %+9,2 %−0,4 %
    Information Technology+0,2 %+8,1 %−0,6 %
    Financials−0,5 %−3,0 %−1,2 %
    Consumer Staples−0,6 %+3,3 %−1,4 %
    Real Estate−0,7 %+10,9 %−1,4 %
    Industrials−1,1 %−0,3 %−1,8 %
    Utilities−1,9 %+28,2 %−2,6 %

    Developing storylines

    No tracked sagas currently linked to 002988.SZ. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-24 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • 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
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Score breakdown72
    Valuation+24
    Profitability+21
    Sentiment+30
    Risk penalty−3

    Synthesis

    Business

    Guangdong Haomei New Materials Co Ltd operates in the materials sector, specifically within the Metals & Mining industry classification, generating revenue through the production and sale of new materials.

    Classification20 %
    SectorUnclassified
    AI synthesis
    GENERATED

    Guangdong Haomei New Materials Co Ltd maintains a capital structure characterized by significant leverage, with a debt-to-equity ratio of 1.05 and long-term debt totaling 2.81 billion CNY against total equity of 2.69 billion CNY. The company holds a current ratio of 1.54, indicating adequate short-term liquidity to cover immediate obligations, yet the risk assessment flags medium liquidity risk due to negative net cash position after subtracting total debt. Operating cash flow stands at 380.6 million CNY, which is insufficient to cover capital expenditures of 198.3 million CNY, resulting in negative free cash flow of -37.3 million CNY.

    Profitability metrics indicate modest returns on capital, with a return on equity (ROE) of 7.14% and a return on assets (ROA) of 2.82%. The company generated a gross profit of 798.6 million CNY on revenue of 7.78 billion CNY, yielding a gross margin of approximately 10.3%. Operating income was 117.8 million CNY, closely tracking net income of 118.4 million CNY, suggesting minimal non-operating adjustments. Without specific cohort median data provided in the input, these returns are evaluated in isolation, but the low ROA suggests capital-intensive operations typical of the materials sector.

    Key takeaways
    • The company carries high leverage with a debt-to-equity ratio of 1.05 and negative net cash, posing medium liquidity risk.
    • Profitability is modest with an ROE of 7.14% and ROA of 2.82%, driven by a 10.3% gross margin on 7.78 billion CNY revenue.
    • Free cash flow is negative at -37.3 million CNY, as operating cash flow fails to cover capital expenditures.
    • Analyst sentiment is cautiously positive with a mean recommendation of 2.00 and projected revenue growth to 8.98 billion CNY.
    • Dilution risk is assessed as low, with basic and diluted shares outstanding being identical.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Revenue grew 4.5% annually over four years, demonstrating consistent top-line expansion despite recent volatility.

    Net income surged 76.9% year-over-year, signaling a strong recovery in profitability from previous losses.

    Operating income increased 101.7% year-over-year, indicating significant improvement in core operational efficiency and margins.

    Free cash flow improved 177.9% year-over-year, showing enhanced ability to generate cash from operations.

    Cash conversion ratio of 1.41 exceeds the cohort median of 1.2, suggesting superior earnings quality.

    BEAR CASE · 2

    Debt-to-equity ratio of 1.05 sits in the bottom quartile, indicating significantly higher leverage than peers.

    The company faces high credit risk, posing potential challenges for debt servicing and financial stability.

    In focus — financials by report

    Annual
    ANNUALFiled 2024-03-18
    FY 2024 · Full-year highlights

    Revenue ¥5.99B, +10,6% YoY; Operating income +294,7% YoY.

    Revenue¥5.99B+10,6 % YoY
    Operating income¥188.2M+294,7 % YoY
    Net income¥181.3M+262,7 % YoY
    Free cash flow-¥42.0M+89,2 % YoY
    EPS
    Operating cash flow¥270.3M+329,4 % YoY
    Financials
    Income statement
    Revenue¥5.99B
    Gross profit¥748.9M
    Operating income¥188.2M
    Net income¥181.3M
    Margins
    Gross margin12.5%
    Operating margin3.1%
    Net margin3.0%
    FCF margin-0.7%
    Balance sheet
    Total assets¥5.91B
    Total liabilities¥3.37B
    Total equity¥2.54B
    Cash & equivalents
    Long-term debt¥2.55B
    Cash flow
    Operating cash flow¥270.3M
    CapEx-¥275.9M
    Free cash flow-¥42.0M
    SBC
    P&L flow · revenue → net income
    Revenue ¥7.78BOperating costs ¥7.66BFinance ¥98.6MNet income ¥118.4M
    Highlights
    • Revenue ¥5.99B, +10,6% YoY
    • Operating income +294,7% YoY
    • Net income +262,7% YoY
    • Free cash flow +89,2% YoY
    • Net margin 3.0%

    Valuation FY

    Market price
    ¥32,39
    Market cap
    ¥5.98B
    Enterprise value
    ¥8.80B
    P/E
    50.5x
    Non-GAAP P/E
    EV / Revenue
    1.1x
    EV / Op income
    74.7x
    EV / OCF
    32.5x
    P / B
    2.2x
    P / Tangible book
    2.2x
    Tangible book
    ¥2.69B
    Net cash
    -¥2.81B
    Current ratio
    1.5
    Debt / equity
    1.1
    ROA
    2.8%
    ROE
    7.1%
    Cash conversion
    141.0%
    CapEx / revenue
    -4.0%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin3,1 %Below median
    Net Margin2,8 %Below median
    ROE7,1 %Below median
    Capex / Rev-4,0 %Below median
    D/E1,05Bottom quartile
    Cash Conv1,41Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    • Reference data
    How metrics are computed
    • Ev To Operating Income
      enterprise_value / operating_income
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Enterprise Value
      market_cap - net_cash
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Guangdong Haomei New Materials Co Ltd Market data — financials · 2026-07-06
    • Guangdong Haomei New Materials Co Ltd Market data — analyst estimates · 2026-07-06

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    002988.SZCanonical
    Shenzhen Stock Exchange · CNY

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2024-03-18 15:58 UTCEARNINGSAnnual results — FY 2024 Revenue CNY 5.99B · Net CNY 181.3M
    2023-04-21 17:41 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 5.41B · Net CNY -111.4M
    2022-03-28 16:00 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 5.60B · Net CNY 139.1M
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-24 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage