What is Qingdao Hanhe Cable Co.,Ltd's (002498.SZ) StockRank?

MoatMap's StockRank for Qingdao Hanhe Cable Co.,Ltd (002498.SZ) is 39/100, with a Hold signal. This is a composite score combining Quality (41), Value (24), and Momentum (65) factor ranks across MoatMap's 19,000+ stock universe.

Does Qingdao Hanhe Cable Co.,Ltd have an economic moat?

Qingdao Hanhe Cable Co.,Ltd (002498.SZ) has a Quality factor score of 41/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Qingdao Hanhe Cable Co.,Ltd a buy, hold, or sell?

MoatMap's current signal for Qingdao Hanhe Cable Co.,Ltd (002498.SZ) is Hold, based on a StockRank of 39/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Qingdao Hanhe Cable Co.,Ltd in?

Qingdao Hanhe Cable Co.,Ltd (002498.SZ) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).

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002498.SZ

HOLDREMOVE

Qingdao Hanhe Cable Co.,Ltd · Industrials · China · $4.0B · Avg Vol: $181M/d

StockRank

P/E (TTM)

44.1x

ROE

6.6%

D/E

0.3x

Dividend %

0.6%

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

A cable manufacturer that benefits from grid electrification, but low margins and high capital intensity violate our Terry Smith quality criteria.

COMPANY DESCRIPTION

Qingdao Hanhe Cable is a leading manufacturer of power cables, submarine cables, and cable accessories, capable of producing ultra-high-voltage (UHV) systems up to 500kV. The company holds a strong competitive position in China's power grid construction, serving as a key supplier to State Grid and China Southern Power Grid. It is a high-end industrial player distinguished by its advanced R&D in submarine power transmission and high-voltage cable accessories.

FINANCIAL SUMMARY

Year	2022	2023	2024	2025	CAGR
Revenue	1.5B	1.4B	1.4B	1.5B	1.9%
EPS	0.03	0.03	0.03	0.02	-11.0%
Shares	3.3B	3.3B	3.3B	3.3B	0.0%
Debt	151M	156M	253M	253M	18.9%
Equity	1.0B	1.1B	1.2B	1.3B	8.0%
Op CF	29M	159M	27M	92M	46.8%
Inv CF	-79M	-28M	-187M	5M	—
Fin CF	29M	-26M	59M	-15M	—

PRICE (1M)-13.0%

SMA 50SMA 200

$1.16

RSI (14)

35.8

52W High

$1.72

From 52W High

0.7%

SCORE BREAKDOWN

Quality

ROIC

7.2%46.2

ROE

6.6%40.4

GP/Assets

12.7%38.7

Op. Margin

5.5%39.6

FCF/Assets

-12.3%5.8

Piotroski

—13.7

Int. Cover

24.6x70.1

D/E Ratio

0.30x57.7

Current Ratio

2.34x71.1

Value

P/E (TTM)

44.1x22.9

EV/EBITDA

38.0x12.1

P/FCF

—N/A

P/B

2.8x36.3

P/S

2.2x37.6

Div Yield

0.6%18.5

Momentum

52W High %

67%28.0

RS 6M

111%96.5

SMA 50/200

1.47x95.6

EPS Rev 4W

—N/A

EPS Rev 12W

—N/A

EPS Improve

—55.9

Q Growth

12%54.3

FUNDAMENTALS

Market Cap

$4.0B

P/E (Forward)

27.8x

Gross Margin

14.2%

SECTOR PEERS

Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 002498.SZ are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
002498.SZ	Qingdao Hanhe Cable Co.,Ltd(you)	$4.0B	39	HOLD
002335.SZ	Kehua Data Co., Ltd.	$4.3B	41	HOLD
688800.SS	Suzhou Recodeal Interconnect System Co.,Ltd	$3.6B	37	HOLD
300073.SZ	Beijing Easpring Material Technology CO.,LTD.	$4.5B	35	HOLD
002491.SZ	Tongding Interconnection Information Co., Ltd.	$4.4B	33	SELL
300835.SZ	Sinomag Technology Co., Ltd.	$3.2B	36	HOLD
600577.SS	Tongling Jingda Special Magnet Wire Co., Ltd.	$4.1B	46	HOLD
002130.SZ	ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.	$4.5B	33	SELL
002922.SZ	Eaglerise Electric & Electronic (China) Co., Ltd	$2.7B	37	HOLD
002364.SZ	Hangzhou Zhongheng Electric Co., Ltd	$4.7B	32	SELL

Peer medians: ROE 6.0% · P/E 34.7x · Gross margin 22.9%

Qingdao Hanhe Cable Co.,Ltd (002498.SZ) — Stock Score Summary

Qingdao Hanhe Cable Co.,Ltd (002498.SZ) has a MoatMap StockRank of 39/100 based on Quality (41/100), Value (24/100), and Momentum (65/100) factor scores. The current signal is HOLD. A cable manufacturer that benefits from grid electrification, but low margins and high capital intensity violate our Terry Smith quality criteria.

Key Financial Metrics

Price	$1.16
Market Cap	$4.0B
P/E (TTM)	44.12
P/E (Forward)	27.78
Price/Book	2.83
Return on Equity	6.6%
Return on Invested Capital	7.2%
Debt/Equity	30.07
Gross Margin	14.2%
Operating Margin	5.5%
Revenue Growth	39.4%
Dividend Yield	0.6%
Free Cash Flow	$-33M

Qingdao Hanhe Cable Co.,Ltd operates in the Electrical Equipment & Parts industry, part of the Industrials sector (China).

Frequently Asked Questions

What is Qingdao Hanhe Cable Co.,Ltd’s (002498.SZ) StockRank?: MoatMap’s StockRank for Qingdao Hanhe Cable Co.,Ltd (002498.SZ) is 39/100, with a Hold signal. It is a composite of Quality (41), Value (24), and Momentum (65) factor ranks across MoatMap’s 19,000+ stock universe.
Does Qingdao Hanhe Cable Co.,Ltd have an economic moat?: Qingdao Hanhe Cable Co.,Ltd (002498.SZ) has a Quality factor score of 41/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Qingdao Hanhe Cable Co.,Ltd a buy, hold, or sell?: MoatMap’s current signal for Qingdao Hanhe Cable Co.,Ltd (002498.SZ) is Hold, based on a StockRank of 39/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Qingdao Hanhe Cable Co.,Ltd in?: Qingdao Hanhe Cable Co.,Ltd (002498.SZ) operates in the Industrials sector, specifically the Electrical Equipment & Parts industry (China).