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China First Heavy Industries (601106.SS)

CNY2.92 +0.03 (+1.04%)
CN SHH Industrials Manufacturing - Metal Fabrication
Address No. 9, Changqian Road 161042
Qiqihar, CN
CEO Wanjiang Liu
Website cfhi.com
IPO 2010-02-09
ISIN CNE100000L48

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Description

China First Heavy Industries is a prominent manufacturer and supplier of heavy industrial equipment, catering to both domestic and international markets. Its diverse product portfolio includes critical apparatus for nuclear power generation. Within the petrochemical sector, it provides essential components like reactors for coal liquefaction, hydrogenation, PTA, and EO processes, as well as large-scale heat exchangers and coal gasifiers. For the metallurgical industry, the company offers an extensive array of machinery, including casting machines, converters, electric furnaces, various rolling mills (such as tandem cold, hot strip, sectional beam, and long product mills), shearing lines, plate levelers, slab sizing presses, and coilers. Its forging equipment range features different types of presses, specifically mechanical, hot die forging, stretcher leveler, and hydraulic models. Moreover, its engineering machinery selection comprises mining excavators, shield tunneling machines, and plate bending machines. The company's vast clientele originates from key industries, including steel, non-ferrous metals, electric power, energy, automotive, mining, petroleum, chemical processing, transportation, and defense. Founded in 1954 as First Heavy Machinery Works, the enterprise is headquartered in Qiqihar, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY2.92 +0.03 (+1.04%)
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Volume Profile
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Liquidity & share structure
Average Volume
73M
Beta
0.50
Float Shares
2.36B
Free Float %
34.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.12% -5.09% -17.84% -27.57% +23.92% -6.52% +38.15% +9.38% +34.17% -28.68% +2.19%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.92
Ratings Trend (MoM)
Rating 2024-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.44
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
0 / 10
No MOAT
Composite Rating
D+
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Manufacturing - Metal Fabrication: +10.4%
    -40.9% Q1'26: +7.2% (vs Q1'25)
  • EPS growth Manufacturing - Metal Fabrication: +16.7%
    +91.6% Q1'26: +102.5% (vs Q1'25)
  • FCF margin FCF growth · Manufacturing - Metal Fabrication: +40.8%
    +8.8% Q1'26: -38.3% (vs Q1'25)
  • EBIT margin Manufacturing - Metal Fabrication: +8.3%
    +5.4% Q1'26: +4.2% (vs Q1'25)
  • ROIC Manufacturing - Metal Fabrication: +6.2%
    +2.0% Q1'26: +1.6% (vs Q1'25)
  • Share dilution Manufacturing - Metal Fabrication: +0.0%
    -1.0% Q1'26: -5.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Manufacturing - Metal Fabrication: 0.46×
    11.30× Q1'26: 38.96× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.12) × ERP
WACC = 63% × Ke + 37% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2.92
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Revenue
10.51B
est: 12.32B (-14.7%)
13.17B
est: 14.54B (-9.5%)
17.17B
est: 25.12B (-31.7%)
16.62B
est: 17.41B (-4.5%)
9.82B
est: 18.88B (-48.0%)
20.35B
20.35B – 20.35B
+7.8% YoY
EBITDA
852.05M
est: -36.36M (+2,443.5%)
1.04B
est: -42.92M (+2,517.1%)
-922.40M
est: -74.17M (-1,143.7%)
-1.97B
est: 208.51M (-1,046.7%)
1.34B
est: 226.16M (+493.6%)
243.81M
243.81M – 243.81M
+7.8% YoY
EBIT
369.80M
est: -458.13M (+180.7%)
572.02M
est: -540.82M (+205.8%)
-1.66B
est: -934.52M (-77.3%)
-2.71B
est: -568.66M (-376.2%)
531.51M
est: -616.78M (+186.2%)
-664.93M
-664.93M – -664.93M
-7.8% YoY
Net Income
128.71M
128.75M
-2.71B
est: 138.37M (-2,056.8%)
-3.74B
est: 274.04M (-1,463.2%)
-311.04M
est: 411.06M (-175.7%)
137.02M
137.02M – 137.02M
-66.7% YoY
SGA
673.87M
est: 474.17M (+42.1%)
637.65M
est: 559.75M (+13.9%)
798.08M
est: 967.24M (-17.5%)
859.03M
est: 614.80M (+39.7%)
148.39M
est: 666.83M (-77.7%)
718.89M
718.89M – 718.89M
+7.8% YoY
EPS
0.02
0.02
-0.39
est: 0.02 (-2,050.0%)
-0.54
est: 0.04 (-1,450.0%)
-0.05
est: 0.06 (-175.7%)
0.02
0.02 – 0.02
-66.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-25 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-2.42B
OE per share TTM
-0.36
Owner's Yield
-10.02%
Maintenance CapEx ratio
1,121.98%
Maint CapEx / Avg PPE
44.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 22 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
63.3K
Shares Outstanding
6.86B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Chongyong Xu Deputy General Manager male
De Li Zhao VP & Chief Engineer male
En Guo Hu Secretary of the Board male
Hao Zhang Vice President & Supervisor male
Wan Jiang Liu VP, CFO & Accounting Supervisor male
Wanjiang Liu VP & Head of Finance
Wen Ge Qi Deputy General Manager male
Yi Liu Vice President male
Yong Chang Guan Deputy General Manager male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits