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Hangzhou First Applied Material Co., Ltd. (603806.SS)
Hangzhou, CN
Hangzhou First Applied Material Co., Ltd., headquartered in Hangzhou, China, specializes in the design, development, production, and distribution of solar battery encapsulation materials, primarily serving the Chinese market. Its extensive product range for photovoltaic (PV) modules includes encapsulant EVA films, polyolefin films, and back-sheet materials. Beyond solar applications, the company also manufactures dry film photoresists, flexible copper clad laminates, and aluminum laminated films. Additionally, it supplies silicone encapsulants designed for LED technology, as well as a versatile co-polyamide hot melt web. This hot melt web is a double-sided adhesive non-woven fabric, engineered to securely bond a diverse array of materials such as textiles, leather, metals, plastics, microfibers, various non-woven fabrics, wood, and paper. The company's products are also exported globally. Established in 2003, the firm was initially named Hangzhou First PV Material Co., Ltd. before officially rebranding to Hangzhou First Applied Material Co., Ltd. in March 2017. It previously operated as a subsidiary of Hangzhou First Technology Group Co., Ltd.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.76% | -0.44% | -4.48% | -1.10% | +26.86% | +28.22% | +47.69% | -20.02% | -39.81% | +197.84% | +174.12% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2024-11 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Semiconductors: +12.5%-19.4% Q1'26: -6.9% (vs Q1'25)
-
EPS growth Semiconductors: +22.5%-42.0% Q1'26: -20.0% (vs Q1'25)
-
FCF margin FCF growth · Semiconductors: +38.2%+5.6% Q1'26: -4.5% (vs Q1'25)
-
EBIT margin Semiconductors: +10.7%+5.4% Q1'26: +8.3% (vs Q1'25)
-
ROIC Semiconductors: +6.0%+6.0% ★ Q1'26: +8.3% (vs Q1'25)
-
Share dilution Semiconductors: +0.0%+1.5% Q1'26: -4.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Semiconductors: -0.75×2.49× ★ Q1'26: 3.26× (vs Q1'25)
* 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.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 6 Rev. Ana. 7 EPS Ana. |
Dec 2027 9 Rev. Ana. 8 EPS Ana. |
Dec 2028 6 Rev. Ana. 5 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
3.33B
est: 2.89B (+15.3%)
|
3.95B
est: 3.95B (0.0%)
|
4.58B
est: 3.77B (+21.6%)
|
4.81B
est: 4.79B (+0.3%)
|
6.38B
est: 6.39B (-0.2%)
|
8.39B
est: 8.40B (-0.1%)
|
12.86B
est: 13.55B (-5.1%)
|
18.88B
est: 18.88B (0.0%)
|
22.59B
est: 22.74B (-0.6%)
|
19.15B
est: 20.85B (-8.2%)
|
15.43B
est: 17.08B (-9.6%)
|
18.55B
16.84B – 20.48B
+8.6% YoY
|
21.56B
16.90B – 25.87B
+16.2% YoY
|
24.00B
23.63B – 24.36B
+11.3% YoY
|
| EBITDA |
738.88M
est: 412.35M (+79.2%)
|
989.77M
est: 563.68M (+75.6%)
|
711.20M
est: 537.58M (+32.3%)
|
564.81M
est: 683.86M (-17.4%)
|
962.16M
est: 911.14M (+5.6%)
|
1.90B
est: 1.20B (+58.2%)
|
2.63B
est: 1.93B (+36.0%)
|
1.80B
est: 2.69B (-33.0%)
|
2.07B
est: 2.61B (-20.7%)
|
1.84B
est: 2.39B (-23.3%)
|
1.33B
est: 1.96B (-32.1%)
|
2.13B
1.93B – 2.35B
+8.6% YoY
|
2.47B
1.94B – 2.97B
+16.2% YoY
|
2.75B
2.71B – 2.79B
+11.3% YoY
|
| EBIT |
697.85M
est: 366.86M (+90.2%)
|
932.98M
est: 501.49M (+86.0%)
|
637.90M
est: 478.27M (+33.4%)
|
472.49M
est: 608.42M (-22.3%)
|
850.56M
est: 810.62M (+4.9%)
|
1.76B
est: 1.07B (+65.5%)
|
2.44B
est: 1.72B (+41.8%)
|
1.56B
est: 2.40B (-34.8%)
|
1.75B
est: 2.17B (-19.6%)
|
1.43B
est: 1.99B (-28.2%)
|
828.52M
est: 1.63B (-49.3%)
|
1.77B
1.61B – 1.96B
+8.6% YoY
|
2.06B
1.62B – 2.47B
+16.2% YoY
|
2.29B
2.26B – 2.33B
+11.3% YoY
|
| Net Income |
647.29M
est: 589.11M (+9.9%)
|
847.74M
est: 920.73M (-7.9%)
|
585.19M
est: 541.09M (+8.1%)
|
751.26M
est: 648.60M (+15.8%)
|
957.06M
est: 848.08M (+12.9%)
|
1.57B
est: 1.52B (+2.9%)
|
2.20B
est: 2.00B (+9.6%)
|
1.58B
est: 2.49B (-36.7%)
|
1.85B
est: 1.89B (-2.3%)
|
1.31B
est: 1.69B (-22.8%)
|
769.68M
est: 1.07B (-28.0%)
|
1.55B
1.23B – 1.93B
+44.8% YoY
|
2.04B
1.52B – 2.37B
+31.6% YoY
|
2.65B
2.09B – 2.86B
+30.0% YoY
|
| SGA |
75.06M
est: 26.87M (+179.4%)
|
84.65M
est: 36.72M (+130.5%)
|
-42.93M
est: 35.02M (-222.6%)
|
111.21M
est: 44.56M (+149.6%)
|
139.73M
est: 59.36M (+135.4%)
|
150.78M
est: 78.05M (+93.2%)
|
88.93M
est: 125.88M (-29.4%)
|
134.89M
est: 175.47M (-23.1%)
|
147.41M
est: 221.72M (-33.5%)
|
151.49M
est: 203.37M (-25.5%)
|
312.68M
est: 166.55M (+87.7%)
|
180.93M
164.18M – 199.70M
+8.6% YoY
|
210.26M
164.79M – 252.24M
+16.2% YoY
|
234.03M
230.46M – 237.60M
+11.3% YoY
|
| EPS |
0.38
est: 0.23 (+68.7%)
|
0.49
est: 0.35 (+39.2%)
|
0.34
est: 0.21 (+64.3%)
|
0.44
est: 0.25 (+77.4%)
|
0.56
est: 0.32 (+72.7%)
|
0.86
est: 0.58 (+47.9%)
|
1.20
est: 0.77 (+56.6%)
|
0.85
est: 0.90 (-5.5%)
|
0.71
est: 0.73 (-2.3%)
|
0.50
est: 0.64 (-21.9%)
|
0.30
est: 0.40 (-25.7%)
|
0.60
0.46 – 0.73
+48.9% YoY
|
0.79
0.57 – 0.89
+32.1% YoY
|
1.00
0.79 – 1.08
+25.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B | 3/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1/5 | 3/5 |
| 2026-05-28 | B | 3/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1/5 | 3/5 |
| 2026-05-27 | B | 3/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1/5 | 3/5 |
| 2026-05-26 | B | 3/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1/5 | 3/5 |
| 2026-05-25 | B | 3/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1/5 | 3/5 |
| 2026-05-22 | B | 3/5 | 3/5 | 3/5 | 3/5 | 3/5 | 1/5 | 3/5 |
| 2026-05-21 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-20 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-19 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-18 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-15 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-14 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-13 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-12 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-11 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-08 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-07 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-05-06 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-30 | B- | 2/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-29 | B- | 2/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-28 | B- | 2/5 | 3/5 | 2/5 | 3/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-27 | B | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-23 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-22 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-21 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-20 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-17 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-16 | B- | 3/5 | 3/5 | 2/5 | 4/5 | 2/5 | 1/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X - Solar UCITS ETF RAYZ.L | 2.18% | 234.7K | 0.50% |
| 2 | Neuberger Berman China Equity ETF NBCE | 1.48% | 273.1K | 5.01% |
| 3 | Amundi MSCI China Tech UCITS ETF EUR CC1.PA | 0.83% | 2.41M | 0.55% |
| 4 | Amundi MSCI China Tech UCITS ETF USD CC1U.L | 0.83% | 2.42M | 0.55% |
| 5 | Sophus Capital Emerging Market ETF EMEM | 0.52% | 314.9K | 0.65% |
| 6 | KraneShares MSCI China Clean Technology Index ETF KGRN | 0.45% | 236.6K | 0.79% |
| 7 | Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF ASHS | 0.14% | 52.1K | 0.65% |
| 8 | iShares MSCI Global Sustainable Development Goals ETF SDG | 0.14% | 231.0K | 0.50% |
| 9 | JPMorgan ETFs (Ireland) ICAV - China A Research Enhanced Index Equity Active UCITS ETF JREC.L | 0.12% | 28.5K | 0.40% |
| 10 | Xtrackers MSCI China A UCITS ETF 1C XX2D.L | 0.08% | 114.4K | 0.35% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Gan Jun Song | Deputy General Manager | — | male |
| Guang Da Zhou | GM & Director | — | male |
| Jian Qin Xu | Chief Financial Officer, Deputy GM & Director | — | female |
| Jianhua Lin | President & Chairman | — | male |
| Jianjun Pan | Deputy General Manager | — | male |
| Qiang Zeng | Accounting Supervisor | — | — |
| Tianyi Lin | Deputy GM & Director | — | male |
| Xiong Xi | Deputy General Manager | — | female |
| Zhang Ying | Secretary of the board | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 603806.SS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
