How does 2402's PS Ratio compare to its peers?

2402 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the peer average (0.9x).

How does 2402's PS Ratio compare vs other companies in the HK Machinery Industry?

2402 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the Hong Kong Machinery industry average (0.6x).

What is 2402's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2402 is expensive based on its Price-To-Sales Ratio (6.6x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

What is the Fair Price of 2402 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate 2402's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

2402 Stock Overview

Engages in the research, development, and industrialization of fuel cell engine systems in Mainland China, Canada, and South Korea. More details

2402 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Revenue is forecast to grow 40.53% per year

Risk Analysis

Currently unprofitable and not forecast to become profitable over the next 3 years

My Notes

Capture your thoughts, links and company narrative

Beijing SinoHytec Co., Ltd. Competitors

Lonking Holdings

SEHK:3339

HK$6.3b

Hebei Yichen Industrial Group

SEHK:1596

HK$2.3b

Sany Heavy Equipment International Holdings

SEHK:631

HK$14.7b

CRCC High-Tech Equipment

SEHK:1786

HK$1.2b

Price History & Performance

Summary of share price highs, lows and changes for Beijing SinoHytec
Historical stock prices
Current Share Price	CN¥19.98
52 Week High	CN¥35.71
52 Week Low	CN¥18.32
Beta	1.62
1 Month Change	1.42%
3 Month Change	-16.23%
1 Year Change	-11.90%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-35.70%

Recent updates

Shareholder Returns

	2402	HK Machinery	HK Market
7D	1.2%	1.1%	2.3%
1Y	-11.9%	8.8%	22.4%

Return vs Industry: 2402 underperformed the Hong Kong Machinery industry which returned 8.8% over the past year.

Return vs Market: 2402 underperformed the Hong Kong Market which returned 22.4% over the past year.

Price Volatility

Is 2402's price volatile compared to industry and market?
2402 volatility
2402 Average Weekly Movement	9.5%
Machinery Industry Average Movement	7.6%
Market Average Movement	8.8%
10% most volatile stocks in HK Market	18.5%
10% least volatile stocks in HK Market	4.0%

Stable Share Price: 2402 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 2402's weekly volatility (10%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2012	912	Guoqiang Zhang	www.sinohytec.com

Beijing SinoHytec Co., Ltd. engages in the research, development, and industrialization of fuel cell engine systems in Mainland China, Canada, and South Korea. The company offers fuel cell systems and related technology development and technical services; and hydrogen fuel cell motors and related accessories. It also provides hydrogen fuel cell engine, combined heat and power, and electrolyzer products.

Beijing SinoHytec Co., Ltd. Fundamentals Summary

How do Beijing SinoHytec's earnings and revenue compare to its market cap?
2402 fundamental statistics
Market cap	HK$5.64b
Earnings (TTM)	-HK$328.11m
Revenue (TTM)	HK$876.88m

6.6x

P/S Ratio

-17.7x

P/E Ratio

Is 2402 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2402 income statement (TTM)
Revenue	CN¥823.95m
Cost of Revenue	CN¥667.64m
Gross Profit	CN¥156.32m
Other Expenses	CN¥464.62m
Earnings	-CN¥308.31m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-1.33
Gross Margin	18.97%
Net Profit Margin	-37.42%
Debt/Equity Ratio	27.4%

How did 2402 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 00:00
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Beijing SinoHytec Co., Ltd. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Feng Ji	China International Capital Corporation Limited
Weichen Wu	Citic Securities Co., Ltd.
Tianyi Wang	CLSA