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Year on year Hengtong Optic-Electric Co Ltd had relatively flat revenues (46.46bn to 47.62bn), though the company grew net income 36.00% from 1.58bn to 2.15bn. A reduction in the cost of goods sold as a percentage of sales from 85.90% to 84.74% was a component in the net income growth despite flat revenues.
| Gross margin | 14.89% |
|---|---|
| Net profit margin | 5.31% |
| Operating margin | 5.55% |
| Return on assets | 4.46% |
|---|---|
| Return on equity | 9.75% |
| Return on investment | 8.59% |
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Cash flow in CNYView more
In 2023, Hengtong Optic-Electric Co Ltd increased its cash reserves by 31.74%, or 2.12bn. Cash Flow from Financing totalled 2.31bn or 4.86% of revenues. In addition the company generated 1.86bn in cash from operations while cash used for investing totalled 2.08bn.
| Cash flow per share | -- |
|---|---|
| Price/Cash flow per share | -- |
| Book value per share | 11.27 |
|---|---|
| Tangible book value per share | 10.22 |
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Balance sheet in CNYView more
| Current ratio | 1.60 |
|---|---|
| Quick ratio | 1.28 |
| Total debt/total equity | 0.7162 |
|---|---|
| Total debt/total capital | 0.392 |
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Growth rates in CNY
Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 87.50% and 30.31%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Communications Equipment industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
| Div yield(5 year avg) | 0.63% |
|---|---|
| Div growth rate (5 year) | 0.00% |
| Payout ratio (TTM) | 14.46% |
| EPS growth(5 years) | -8.07 |
|---|---|
| EPS (TTM) vs TTM 1 year ago | 25.09 |
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