China Titans Energy Technology Group Co., Limited logo

China Titans Energy Technology Group Co., Limited

2188.HK

HKSEIndustrialsElectrical Equipment & Parts

Latest quote

HK$0.081

−HK$0.002 · -2.41%

Aug 21, 4:08 PM HKT

2188.HK company overview

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Company profile

Company website

China Titans Energy Technology Group Co., Limited, an investment holding company, is engaged in the development, manufacturing, and distribution of electrical power products and equipment across the People's Republic of China. Its business operations are categorized into three core segments: DC Power Systems, Charging Equipment, and Charging Services and Construction. The company's product lines encompass a variety of power supply solutions, including GZDW high-frequency switch DC systems, intelligent low-voltage AC distribution systems, integrated power supply units, and test power systems. For electric vehicles (EVs), it offers rapid charging products, AC charging poles, binning chargers, and battery maintenance systems. Additionally, its portfolio for energy storage and microgrid applications features PV converters, energy storage charge/discharge units, TPCS converters, controllers, and software products. The group also provides wind and solar power generation balancing controls, a broader range of EV charging equipment, power grid monitoring and management solutions, and electrical direct current products. Furthermore, it sells and leases electric vehicles, delivers charging services for EVs, and undertakes the construction of EV charging poles. Founded in 1992, the company is headquartered in Zhuhai, People's Republic of China.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
CN
CEO
Wei An
Listed since
May 28, 2010
Employees
386

Market position

Day range

Current HK$0.081

52-week range

Current HK$0.081

Open
HK$0.083
Previous close
HK$0.083
Volume
100K
0.63× average
Average volume
159.73K
Average daily volume
Market cap
120.85M HKD
Beta
-0.01
Market reference 1
50-day average
HK$0.1139
-28.91% below average
200-day average
HK$0.1481
-45.29% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
365.92M CNY
P/E (TTM)
-3.16×
P/B (TTM)
0.2×
P/S (TTM)
0.25×
EV / EBITDA
73.76×
Earnings yield
-13.77%
Free cash flow yield
-16.99%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
26.00%
Operating margin
-10.94%
Net margin
-8.00%
Return on equity
-6.20%
Return on assets
-3.16%
Return on invested capital
-5.16%

Financial health

Debt / equity
0.61×
Current ratio
2.09×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends40%16%-7%-31%Gross margin, FY2021: 33.92%Gross margin, FY2022: 31.99%Gross margin, FY2023: 28.80%Gross margin, FY2024: 26.14%Gross margin, FY2025: 26.00%Operating margin, FY2021: -6.10%Operating margin, FY2022: -15.08%Operating margin, FY2023: -19.11%Operating margin, FY2024: -25.04%Operating margin, FY2025: -10.94%Net margin, FY2021: 5.51%Net margin, FY2022: -5.29%Net margin, FY2023: -11.75%Net margin, FY2024: -11.57%Net margin, FY2025: -8.00%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.92%. Gross margin FY2022 31.99%. Gross margin FY2023 28.80%. Gross margin FY2024 26.14%. Gross margin FY2025 26.00%. Operating margin FY2021 -6.10%. Operating margin FY2022 -15.08%. Operating margin FY2023 -19.11%. Operating margin FY2024 -25.04%. Operating margin FY2025 -10.94%. Net margin FY2021 5.51%. Net margin FY2022 -5.29%. Net margin FY2023 -11.75%. Net margin FY2024 -11.57%. Net margin FY2025 -8.00%.

Income trends

Revenue

410.48M CNY+4.65%

Operating income

−44.91M CNY+54.28%

Net income

−32.84M CNY+27.64%
Income trends across reported periods461.35M CNY257.86M CNY54.38M CNY−149.1M CNYRevenue, FY2021: 337.34M CNYRevenue, FY2022: 344.85M CNYRevenue, FY2023: 374.28M CNYRevenue, FY2024: 392.25M CNYRevenue, FY2025: 410.48M CNYOperating income, FY2021: −20.58M CNYOperating income, FY2022: −52.02M CNYOperating income, FY2023: −71.54M CNYOperating income, FY2024: −98.23M CNYOperating income, FY2025: −44.91M CNYNet income, FY2021: 18.6M CNYNet income, FY2022: −18.23M CNYNet income, FY2023: −43.98M CNYNet income, FY2024: −45.38M CNYNet income, FY2025: −32.84M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 337.34M CNY. Revenue FY2022 344.85M CNY. Revenue FY2023 374.28M CNY. Revenue FY2024 392.25M CNY. Revenue FY2025 410.48M CNY. Operating income FY2021 −20.58M CNY. Operating income FY2022 −52.02M CNY. Operating income FY2023 −71.54M CNY. Operating income FY2024 −98.23M CNY. Operating income FY2025 −44.91M CNY. Net income FY2021 18.6M CNY. Net income FY2022 −18.23M CNY. Net income FY2023 −43.98M CNY. Net income FY2024 −45.38M CNY. Net income FY2025 −32.84M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue410.48M CNY392.25M CNY374.28M CNY344.85M CNY337.34M CNY
Cost of goods sold303.74M CNY289.73M CNY266.48M CNY234.53M CNY222.92M CNY
Gross profit106.74M CNY102.52M CNY107.8M CNY110.32M CNY114.42M CNY
Research and development23.68M CNY37.71M CNY30.87M CNY28.88M CNY32.65M CNY
Selling, general, and administrative130.63M CNY125.34M CNY148.47M CNY120.52M CNY114.8M CNY
Operating expenses151.65M CNY200.75M CNY179.34M CNY162.34M CNY135M CNY
Interest income515K CNY810K CNY482K CNY323K CNY827K CNY
Interest expense9.92M CNY8.6M CNY8.82M CNY9.73M CNY10.26M CNY
Depreciation and amortization15.18M CNY19.19M CNY20.26M CNY19.66M CNY19.21M CNY
Operating income−44.91M CNY−98.23M CNY−71.54M CNY−52.02M CNY−20.58M CNY
Net income−32.84M CNY−45.38M CNY−43.98M CNY−18.23M CNY18.6M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-0.01

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.080.03-0.03-0.08Q2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual -0.012, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 0.037, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual -0.014, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual -0.009, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 0.006, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual -0.037, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual -0.021, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 14, 2025: actual -0.011, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates270.95M226.03M181.11M136.2MQ2 '21Q4 '21Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Q2 2021, reported Jun 30, 2021: actual 159.28M HKD, estimate —, surprise —, Comparison unavailable. Q4 2021, reported Dec 31, 2021: actual 250.6M HKD, estimate —, surprise —, Comparison unavailable. Q3 2022, reported Aug 26, 2022: actual 146.62M HKD, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 25, 2023: actual 250.11M HKD, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 150.2M HKD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 260.53M HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 158.94M HKD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 14, 2025: actual 259.82M HKD, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.01

2012 complete year-66.7% since 2011

Corporate action history

Dividend

Ex-dividend May 29, 2012

HK$0.01

Special

Record May 30, 2012 · Payment Jun 15, 2012

Dividend

Ex-dividend Sep 9, 2011

HK$0.03

Special

Record Sep 12, 2011 · Payment Oct 21, 2011

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