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002132.SZ — Shenzhen Stock Exchange Unclassified

Henan Hengxing Science & Technology Co Ltd

¥5,38
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Mcap
7,5B CNY
P/E
420,3x
EV / Rev
2,1x
Div yield
0,89 %
Op margin
0,6 %
ROE
0,6 %
Net margin
0,4 %
Debt / equity
0,76
Beta
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52w range
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Volume
—
Day range
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About

Henan Hengxing Science & Technology Co Ltd operates in the Metals & Mining industry within the Materials sector, generating revenue through unclassified activities.

Business. Henan Hengxing Science & Technology Co Ltd operates in the Metals & Mining industry within the Materials sector, generating revenue through unclassified activities.

Classification20 %
SectorUnclassified
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score
—
not yet scored
Valuation→
420,3x
P/E
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
0,6 %
return on equity
Quality
—
not yet scored

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 002132.

    • Sector rotation

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

    Developing storylines

    No tracked sagas currently linked to 002132.SZ. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Henan Hengxing Science & Technology Co Ltd operates in the Metals & Mining industry within the Materials sector, generating revenue through unclassified activities.

    Classification20 %
    SectorUnclassified
    AI synthesis
    GENERATED
    — missing data
    Key takeaways
    • High leverage with debt-to-equity of 0.76 and negative net cash position.
    • Tight liquidity with current ratio of 0.69 and minimal cash reserves.
    • Low profitability with ROE of 0.61% and negative operating income.
    • High valuation multiples with P/E of 371.69 and EV/EBITDA of 320.89.
    • Low dilution risk but medium liquidity risk flagged in assessment.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Revenue grew at a 10.6% CAGR over four years, demonstrating consistent top-line expansion despite recent volatility.

    Cash conversion ratio of 36.6% ranks best-in-class, significantly outperforming the cohort median of 1.2%.

    Free cash flow turned positive to 178 million CNY in the latest period, reversing previous negative trends.

    Operating income surged 355.5% year-over-year, indicating a strong recovery in core operational profitability.

    Long-term debt decreased to 2.66 billion CNY, suggesting active deleveraging efforts compared to prior periods.

    BEAR CASE · 4

    Net margin of 0.42% sits in the bottom quartile, far below the cohort median of 5.27%.

    Return on equity of 0.61% ranks in the bottom quartile, indicating poor capital efficiency relative to peers.

    High credit risk flags suggest significant potential for loan losses or financial instability within the company.

    Debt-to-equity ratio of 0.76 exceeds the cohort median of 0.4, indicating higher financial leverage than peers.

    In focus — financials by report

    Annual
    ANNUALFiled 2023-04-21
    FY 2023 · Full-year highlights

    Revenue ¥4.58B, +3,6% YoY; Operating income −104,0% YoY.

    Revenue¥4.58B+3,6 % YoY
    Operating income-¥7.4M−104,0 % YoY
    Net income¥54.5M−71,0 % YoY
    Free cash flow-¥249.0M+53,8 % YoY
    EPS—
    Operating cash flow¥777.0M+769,0 % YoY
    Financials
    Income statement
    Revenue¥4.58B
    Gross profit¥436.3M
    Operating income-¥7.4M
    Net income¥54.5M
    Margins
    Gross margin9.5%
    Operating margin-0.2%
    Net margin1.2%
    FCF margin-5.4%
    Balance sheet
    Total assets¥8.74B
    Total liabilities¥5.00B
    Total equity¥3.73B
    Cash & equivalents¥4.3M
    Long-term debt¥3.24B
    Cash flow
    Operating cash flow¥777.0M
    CapEx-¥402.0M
    Free cash flow-¥249.0M
    SBC—
    P&L flow · revenue → net income
    Revenue ¥5.14BOperating costs ¥5.15BFinance ¥70.8MNet income ¥18.8M
    Highlights
    • ▍Revenue ¥4.58B, +3,6% YoY
    • ▍Operating income −104,0% YoY
    • ▍Net income −71,0% YoY
    • ▍Free cash flow +53,8% YoY
    • ▍Net margin 1.2%

    Valuation FY

    Market price
    ¥5,38
    Market cap
    ¥7.89B
    Enterprise valueⓘ
    ¥10.55B
    P/Eⓘ
    420.3x
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    2.1x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    13.6x
    P / Bⓘ
    2.3x
    P / Tangible bookⓘ
    2.3x
    Tangible book
    ¥3.48B
    Net cashⓘ
    -¥2.66B
    Current ratioⓘ
    0.7
    Debt / equityⓘ
    0.8
    ROAⓘ
    0.3%
    ROEⓘ
    0.6%
    Cash conversionⓘ
    3660.0%
    CapEx / revenueⓘ
    -7.9%
    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

    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 Margin0,7 %Bottom quartile
    Net Margin0,4 %Bottom quartile
    ROE0,6 %Bottom quartile
    Capex / Rev-7,9 %Below median
    D/E0,76Below median
    Cash Conv36,60Best in class

    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
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Enterprise Value
      market_cap - net_cash
    • Return On Assets
      net_income / total_assets
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    Source documents
    • Henan Hengxing Science & Technology Co Ltd Market data — financials · 2026-07-07

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    002132.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
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2023-04-21 15:42 UTCEARNINGSAnnual results — FY 2023 Revenue CNY 4.58B · Net CNY 54.5M
    2022-03-29 17:31 UTCEARNINGSAnnual results — FY 2022 Revenue CNY 4.42B · Net CNY 187.5M
    2021-04-26 17:02 UTCEARNINGSAnnual results — FY 2021 Revenue CNY 3.40B · Net CNY 140.4M
    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 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data Premium coverage