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Zhejiang HangKe Technology Incorporated Co
SSE:688006

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Zhejiang HangKe Technology Incorporated Co
SSE:688006
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Price: 31.9 CNY -0.13% Market Closed
Market Cap: ¥19.3B

P/E

52.3
Current
60%
More Expensive
vs 3-y average of 32.7

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
52.3
=
Market Cap
¥19.1B
/
Net Income
¥368.4m

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
52.3
=
Market Cap
¥19.1B
/
Net Income
¥368.4m

Valuation Scenarios

Zhejiang HangKe Technology Incorporated Co is trading above its 3-year average

If P/E returns to its 3-Year Average (32.7), the stock would be worth ¥19.95 (37% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-43%
Maximum Upside
+7%
Average Downside
20%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 52.3 ¥31.9
0%
3-Year Average 32.7 ¥19.95
-37%
5-Year Average 49.4 ¥30.18
-5%
Industry Average 56 ¥34.16
+7%
Country Average 29.6 ¥18.08
-43%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
¥19.1B
/
Jan 2026
¥368.4m
=
52.3
Current
¥19.1B
/
Dec 2026
¥707.3m
=
27.1
Forward
¥19.1B
/
Dec 2027
¥967.4m
=
19.8
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

In line with most companies in China
Percentile
67th
Based on 5 557 companies
67th percentile
52.3
Low
0 — 17.1
Typical Range
17.1 — 57.7
High
57.7 —
Distribution Statistics
China
Min 0
30th Percentile 17.1
Median 29.6
70th Percentile 57.7
Max 43 569.3

Zhejiang HangKe Technology Incorporated Co
Glance View

Market Cap
19.3B CNY
Industry
Electrical Equipment

Zhejiang HangKe Technology Incorporated Co., a prominent player in the battery equipment industry, is intricately woven into the burgeoning tapestry of green energy. Established with a keen focus on catering to the demands of the rapidly evolving energy storage sector, HangKe has carved out a niche in producing specialized equipment essential for the manufacturing and testing of lithium-ion batteries. As the globe races toward a future powered by renewables, the company has positioned itself strategically at the juncture where technological innovation meets environmental necessity. HangKe's robust suite of products includes formation and grading machines, which are vital in the battery production process, ensuring that each power cell meets stringent quality standards before finding its place in electric vehicles and energy storage solutions. Financially, the company capitalizes on the growing demand for high-performance batteries, driving its revenue through the sale of this specialized machinery to battery producers across the world. As industries worldwide pivot towards sustainable energy solutions, the need for reliable battery manufacturing technologies has surged, and HangKe stands ready to supply, backed by its reputation for quality and precision. With a finger firmly on the pulse of global market trends, including the shift towards electric mobility and smart energy grids, Zhejiang HangKe not only generates profits through its sales but also reinvests in research and development, ensuring that its technology remains at the forefront of innovation. Through these efforts, HangKe Technology not only secures its economic future but also plays a crucial role in enabling the transition to a cleaner, more sustainable energy landscape.

Intrinsic Value
23.53 CNY
Overvaluation 26%
Intrinsic Value
Price ¥31.9
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