Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
603075.SS
BUYREMOVEHangzhou Heatwell Electric Heating Technology Co., Ltd. · Industrials · China · $1.7B · Avg Vol: $14M/d
Hangzhou Heatwell manufactures electric heating elements. While it has decent quality metrics, it operates in a highly fragmented, commoditized industrial space without a clear structural moat or alignment with our core high-conviction macro themes.
COMPANY DESCRIPTION
Hangzhou Heatwell Electric Heating Technology Co., Ltd. designs and manufactures electric heating elements and systems for household appliances and industrial applications. The company holds a leading market share in heating components for washing machines, ovens, and water heaters, serving major global appliance brands. Its competitive advantage is driven by high-volume automated production, strict quality control, and customized R&D capabilities.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 249M | 248M | 284M | 314M | 8.0% |
| EPS | — | 0.10 | 0.10 | 0.11 | 0.12 | 6.5% |
| Shares | — | 360M | 400M | 403M | 402M | +11.8% |
| Debt | 9M | 81M | 46M | 46M | 34M | 40.2% |
| Equity | — | 154M | 295M | 311M | 321M | 27.8% |
| Op CF | — | 41M | 58M | 38M | 52M | 7.8% |
| Inv CF | — | -39M | -65M | -38M | 1M | — |
| Fin CF | — | -11M | 67M | -26M | -55M | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Industrials, ranked by industry match, size, and score similarity. Cross-listings of 603075.SS are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 603075.SS | Hangzhou Heatwell Electric Heating Technology Co., Ltd.(you) | $1.7B | 72 | BUY |
| 002690.SZ | Hefei Meyer Optoelectronic Technology Inc. | $2.0B | 72 | BUY |
| 300861.SZ | Yangling Metron New Material Inc. | $2.0B | 70 | BUY |
| 000922.SZ | Harbin Electric Corporation Jiamusi Electric Machine CO.,Ltd | $1.7B | 77 | BUY |
| 688155.SS | Shanghai SK Automation Technology Co.,Ltd | $1.6B | 76 | BUY |
| 2722.HK | Chongqing Machinery & Electric Co., Ltd. | $1.3B | 71 | BUY |
| 601882.SS | Ningbo Haitian Precision Machinery Co.,Ltd. | $1.7B | 66 | BUY |
| 300990.SZ | Sanhe Tongfei Refrigeration Co., Ltd. | $2.0B | 73 | BUY |
| 688697.SS | Neway CNC Equipment (Suzhou) Co., Ltd. | $1.4B | 75 | BUY |
| 002011.SZ | Zhejiang Dun'an Artificial Environment Co., Ltd | $2.0B | 75 | BUY |
Peer medians: ROE 6.0% · P/E 34.8x · Gross margin 22.9%