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Hwatsing Technology stock: key metrics
688120.SSHwatsing Technology had an operating margin of 25.7% and a return on invested capital (ROIC) of 93.7% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2018 | 8.5% | −100.3% | −100.1% |
| 2019 | 27.3% | −80.9% | −73.8% |
| 2020 | 37.1% | 4.6% | 25.3% |
| 2021 | 42.5% | 25.4% | 24.6% |
| 2022 | 47.7% | 30.2% | 30.4% |
| 2023 | 43.5% | 31.5% | 28.9% |
| 2024 | 43.2% | 32.8% | 30.0% |
| 2025 | 41.8% | 25.7% | 23.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2018 | 200.0% | −35.7% | −10.3% |
| 2019 | −100.0% | −52.7% | −29.1% |
| 2020 | 16.1% | 9.4% | 6.6% |
| 2021 | 24.5% | 61.4% | 6.5% |
| 2022 | 71.7% | no data | 43.9% |
| 2023 | 92.9% | no data | 56.2% |
| 2024 | 115.4% | 99.1% | 63.6% |
| 2025 | 101.6% | 93.7% | 57.7% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CN¥6.6683)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 22 Aug 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.