Electronic Components

HAIWEI ELEC

Haiwei Shares Exercised Additional Issuance to Issue 1.7586 Million Shares

Haiwei Co. Partially Exercises Over-allotment Option and Stabilization Period Ends

China International Capital Corporation Limited increases stake in Hweiwei Share to 15.19%

CICC Increases Holdings in Huwei Shares by 179,600 Shares

CICC Increases Holdings in Haiwei Shares to 13.35%

HAIWEI ELEC released FY2025 Semi-Annual Earnings on November 19, 2025 (BJT) with actual revenue of HKD 169.45 M and EPS of HKD 0.2821

HAIWEI ELEC released FY2024 annual earnings on November 19, 2025 (BJT), actual revenue HKD 456.47 M, actual EPS HKD 0.7864

HAIWEI ELEC released FY2022 Annual Earnings on November 19, 2025 (BJT), with actual revenue of HKD 378.37 M and actual EPS of HKD 1.2162

HAIWEI ELEC released FY2023 Annual Earnings on November 19 (BJT), actual revenue HKD 361.89 M, actual EPS HKD 0.6785

HAIWEI ELEC released FY2024 Semi-Annual Earnings on November 19 (BJT), actual revenue HKD 175.91 M, actual EPS HKD 0.3029

< 1B

1B - 5B

5B - 10B

10B - 50B

50B - 100B

100B - 500B

500B - 1T

≥ 1T

Market Value

Total Assets

< 100M

100M - 500M

500M - 1B

≥ 100B

Revenue

0 - 50M

50M - 100M

≥ 10B

Profits

< 0%

0% - 5%

5% - 10%

10 - 15%

15% - 20%

20 - 25%

25% - 30%

>= 30%

ROE(TTM)

= 0%

0% - 1%

1% - 3%

3% - 5%

5% - 8%

8% - 10%

>= 10%

Dividend Yield

0% - 10%

10% - 15%

20% - 30%

30% - 40%

40% - 50%

>= 50%

Net Profit Margin

0 - 0.05

0.05 - 0.1

0.1 - 0.2

0.2 - 0.4

0.4 - 0.6

0.6 - 0.8

0.8 - 1

>= 1

Asset Turnover

< 1.5

1.5 - 2

2 - 3

3 - 5

5 - 10

10 - 15

15 - 20

>= 20

Equity Multiplier

< 10%

10% - 30%

30% - 50%

50% - 70%

70 - 80%

80% - 90%

90% - 95%

>= 95%

Debt Ratio

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

09609

HAIWEI ELEC listed on its first day, opening at 13.5 yuan, down 5.5% from the listing price of 14.28 yuan. The highest/lowest prices were 13.5/11.6 yuan, closing at 12.09 yuan, down 15.3% from the listing price of 14.28 yuan. The half-day trading volume was 11,297,800 shares, involving 164 million yuan

AASTOCKS

"New Stocks" HAIWEI ELEC closed at 12.09 yuan for half a day, down 15.3% from the listing price

HAIWEI ELEC closed at 14.35 yuan in the dark market yesterday, 0.5% higher than the listing price. Today is the first day of listing, opening at 13.5 yuan, which is 5.5% lower than the listing price of 14.28 yuan, with a trading volume of 6.5836 million shares during the opening period

"New Stocks" HAIWEI ELEC opened at 13.5 yuan on the first day, 5.5% lower than the listing price

HAIWEI ELEC starts its public offering in Hong Kong today, planning to globally issue 30.8314 million H shares at a price of HKD 14.28 per share, raising approximately HKD 440 million. Each lot consists of 200 shares, with an entry fee of HKD 2,884.8. The subscription period lasts until the 25th, with listing expected on the 28th. The net proceeds of HKD 389 million will be allocated as follows: 82% for capacity expansion, 5% for research and development, 3% for sales and marketing, and 10% for working capital. Hui Xing Li Hai is the cornerstone investor, subscribing for over HKD 218 million worth of shares. BYD is a shareholder, holding 3.92%

"New Shares" HAIWEI ELEC starts accepting subscriptions today, entry fee is 2,884.8 yuan

Ownership	%Owned	Share Chg	Report Date
Wenlan Song	37.92%	No Change	28/11/2025
Jing County Haiwei Electronic Financial Management Consulting Co., Ltd	15.46%	No Change	28/11/2025
Horizon Splendor Limited	9.4%	No Change	02/01/2026
BYD Company Limited	3.77%	No Change	28/11/2025
Sungrow Power Supply Co., Ltd.	3.65%	No Change	02/01/2026
Yibin Lvneng Equity Investment Partnership (Limited Partnership)	3.39%	No Change	28/11/2025
Jing County Changrui Enterprise Management Consulting Partnership (Limited Partnership)	2.95%	No Change	28/11/2025
Jing County Jiake Enterprise Management Consulting Partnership (LP)	2.95%	No Change	28/11/2025
Qingdao Taifu Huixin No. 8 Private Equity Investment Fund Partnership (Limited Partnership)	1.33%	No Change	28/11/2025
Yichang Industrial Investment Changzheng Green Industry Fund Partnership (Limited Partnership)	1.31%	No Change	28/11/2025

HAIWEI ELEC(09609.HK)

Valuation analysis

Institutional View & Shareholder

Analyst Ratings

"New Stocks" HAIWEI ELEC closed at 12.09 yuan for half a day, down 15.3% from the listing price

"New Stocks" HAIWEI ELEC opened at 13.5 yuan on the first day, 5.5% lower than the listing price

"New Shares" HAIWEI ELEC starts accepting subscriptions today, entry fee is 2,884.8 yuan