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Shanghai Top Numerical Control Technology Co., Ltd. Class H (7688) AI Stock Analysis
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Shanghai Top Numerical Control Technology Co., Ltd. Class H
(HKEX:7688)
The score is held back primarily by weaker financial quality (very thin margins, higher leverage near ~1.85x debt-to-equity, and negative free cash flow) despite improving revenue growth and a positive operating cash-flow inflection. Technicals add support with clear upward momentum (price above 20/50-day averages, positive MACD, RSI ~62), but valuation is hindered by a negative P/E and no dividend yield data.
Shanghai Top Numerical Control Technology Co., Ltd. Class H (7688) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 7.90B
- Dividend Yield
- ―
- Average Volume (3M)
- 1.99M
- Price to Earnings (P/E)
- -27.1
- Beta (1Y)
- 1.10
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- Hong Kong
- Employees
- 420
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial - Machinery
Shanghai Top Numerical Control Technology Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Shanghai Top Numerical Control Technology Co., Ltd., headquartered in Shanghai, China, specializes in the research, development, production, and distribution of intelligent manufacturing equipment. The company provides a comprehensive range of advanc...
Shanghai Top Numerical Control Technology Co., Ltd. Class H Financial Statement Overview
Summary
Financials show improvement but remain high risk. Revenue growth rebounded strongly in 2025 (15.0% vs. 0.6% in 2024) and gross margin stayed in the mid-30% range, but profitability is very thin (2025 net margin ~0.6%, operating margin ~1.7%) and results were volatile with large losses in 2022–2023. Balance-sheet risk increased as leverage rose (debt-to-equity ~1.85x in 2025), and cash flow remains the weakest area with free cash flow still negative in 2025 (~-13.7m) despite improved operating cash flow.
Income Statement
56NeutralBalance Sheet
43NeutralCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 445.87M | 577.98M | 531.56M | 334.63M | 138.64M |
| Gross Profit | 127.03M | 204.36M | 199.88M | 115.81M | -45.49M |
| EBITDA | -191.77M | 41.23M | 47.53M | -24.10M | -162.09M |
| Net Income | -222.07M | 3.57M | 8.88M | -60.52M | -195.62M |
Balance Sheet | |||||
| Total Assets | 2.64B | 1.01B | 984.09M | 1.12B | 1.18B |
| Cash, Cash Equivalents and Short-Term Investments | 1.74B | 221.20M | 143.89M | 174.23M | 377.50M |
| Total Debt | 385.87M | 346.41M | 251.72M | 130.96M | 119.07M |
| Total Liabilities | 862.04M | 833.37M | 815.03M | 988.36M | 1.05B |
| Stockholders Equity | 1.79B | 187.65M | 174.99M | 137.45M | 132.00M |
Cash Flow | |||||
| Free Cash Flow | 97.73M | -13.67M | -155.97M | -280.15M | -51.59M |
| Operating Cash Flow | 136.65M | 25.39M | -53.94M | -258.11M | -47.30M |
| Investing Cash Flow | -38.94M | -38.56M | -93.78M | -14.52M | 84.88M |
| Financing Cash Flow | 45.12M | 88.56M | 132.39M | 75.02M | 113.03M |
Shanghai Top Numerical Control Technology Co., Ltd. Class H Peers Comparison
Overall Rating
HK:128658Neutral- HK:768850Neutral
HK:988045Neutral
HK:243241Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1286 | 58Neutral | HKD 11.23B | 13.73 | 12.98% | 2.78% | 19.63% | 16.42% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| HK:7688 | 50Neutral | HKD 7.92B | -27.10 | -22.50% | ― | ― | ― |
| HK:9880 | 45Neutral | HKD 32.29B | -44.04 | -8.41% | ― | 89.80% | 46.76% |
| HK:2432 | 41Neutral | HKD 7.47B | -43.85 | -5.65% | ― | 66.66% | -87.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:7688 | Shanghai Top Numerical Control Technology Co., Ltd. Class H | 18.90 | -28.60 | -60.21% | |
| HK:1286 | Impro Precision Industries Limited | 5.76 | 0.88 | 17.99% | |
| HK:9880 | UBTECH ROBOTICS CORP LTD Class H | 63.45 | -73.85 | -53.79% | |
| HK:2432 | Shenzhen Dobot Corp Ltd Class H | 16.99 | -34.16 | -66.78% | |
| HK:3200 | Shenzhen Han's CNC Technology Co., Ltd. Class H | 51.45 | -58.02 | -53.00% | |
| HK:1021 | Guangdong Huayan Robotics Co., Ltd. Class H | 6.16 | -12.24 | -66.55% |
Shanghai Top Numerical Control Technology Co., Ltd. Class H Corporate Events
Shanghai Top Numerical Control Names New CFO as Finance Leadership Shifts
Shanghai Top Numerical Control Technology Co., Ltd. announced a leadership change in its finance function, with Chief Financial Officer Zhang Muqing resigning effective 18 September 2026 to pursue personal development, and confirming no disagreements...
Shanghai Top Numerical Control Technology Gains Hang Seng Index, Stock Connect Inclusion
Shanghai Top Numerical Control Technology Co., Ltd., a PRC-incorporated numerical control technology group listed in Hong Kong, provides manufacturing-related products and services via its H shares under stock code 7688. The company serves both mainl...
Shanghai Top Numerical Control Swings to Interim Loss on Steep Revenue Decline
Shanghai Top Numerical Control Technology Co., Ltd., a PRC-incorporated industrial technology group listed in Hong Kong, focuses on numerical control technologies and associated products for manufacturing clients. The Group operates through multiple...
Shanghai Top Numerical Control Schedules Board Meeting on Interim Results and Dividend
Shanghai Top Numerical Control Technology Co., Ltd. has scheduled a board meeting for 28 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The meeting will also consider the payment of an interim dividend, i...
Shanghai Top Numerical Control Plans HK$300 Million H-Share Buyback
Shanghai Top Numerical Control Technology Co., Ltd. has received shareholder approval to repurchase up to 38,127,240 H shares, equivalent to 10% of its H-share capital, and now plans an on-market buyback of up to HK$300 million. The proposed repurcha...
Shanghai Top Numerical Control Wins Mandate for H-Share Buybacks at Hybrid EGM
Shanghai Top Numerical Control Technology Co., Ltd. held an extraordinary general meeting on 29 July 2026 as a hybrid event in Shanghai and online, with shareholders or proxies representing about 86.67% of the company’s 419,081,290 issued share...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 10, 2026