Want to see HK:7688 full AI Analyst Report?
Top Page
Shanghai Top Numerical Control Technology Co., Ltd. Class H
(7688)
Select Model
Select Model
Rating:50Neutral
Price Target:
$21.50
Action:Reiterated
Date:09/10/26
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.
Positive Factors
Revenue Growth Recovery
The sharp improvement in revenue growth indicates recovering demand for the company’s CNC and automation solutions. If maintained, stronger sales should broaden operating scale, support customer adoption, and provide a better base for rebuilding more durable earnings over the next several quarters.
Negative Factors
Very Thin Profitability
Profitability remains too thin to provide much protection against execution or demand pressure. The history of large losses and only small profits in 2024–2025 indicates that the earnings recovery is not yet durable, while modest margins limit reinvestment and resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Recovery
The sharp improvement in revenue growth indicates recovering demand for the company’s CNC and automation solutions. If maintained, stronger sales should broaden operating scale, support customer adoption, and provide a better base for rebuilding more durable earnings over the next several quarters.
Read all positive factors
Shanghai Top Numerical Control Technology Co., Ltd. Class H (7688) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$7.71B
Dividend YieldN/A
Average Volume (3M)1.94M
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees420
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)N/A
Shares Outstanding381,272,400
10 Day Avg. Volume800,170
30 Day Avg. Volume1,938,843
Financial Highlights & Ratios
PEG Ratio-81.86
Price to Book (P/B)93.05
Price to Sales (P/S)30.21
P/FCF Ratio-1.28K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 adv...
Shanghai Top Numerical Control Technology Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
43
Neutral
Cash Flow
38
Negative
| 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$13.70B | 15.95 | 12.98% | 2.39% | 19.63% | 16.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | HK$7.71B | -25.65 | -22.50% | ― | ― | ― | |
45 Neutral | HK$9.14B | -50.79 | -5.65% | ― | 66.66% | -87.31% | |
42 Neutral | HK$37.86B | -48.45 | -8.41% | ― | 89.80% | 46.76% |
* General Sector Average
HK:7688
Shanghai Top Numerical Control Technology Co., Ltd. Class H
17.73
-29.77
-62.67%
HK:1286
Impro Precision Industries Limited
6.70
2.23
49.75%
HK:9880
UBTECH ROBOTICS CORP LTD Class H
69.20
-65.10
-48.47%
HK:2432
Shenzhen Dobot Corp Ltd Class H
19.55
-36.90
-65.37%
HK:3200
Shenzhen Han's CNC Technology Co., Ltd. Class H
87.00
-22.47
-20.52%
HK:1021
Guangdong Huayan Robotics Co., Ltd. Class H
8.16
-10.24
-55.65%
Shanghai Top Numerical Control Technology Co., Ltd. Class H Corporate Events
Shanghai Top Numerical Control Names New CFO as Finance Leadership Shifts
Sep 18, 2026
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 disagreeme...
Shanghai Top Numerical Control Technology Gains Hang Seng Index, Stock Connect Inclusion
Sep 4, 2026
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 ma...
Shanghai Top Numerical Control Swings to Interim Loss on Steep Revenue Decline
Aug 28, 2026
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 multip...
Shanghai Top Numerical Control Schedules Board Meeting on Interim Results and Dividend
Aug 18, 2026
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...
Shanghai Top Numerical Control Plans HK$300 Million H-Share Buyback
Jul 30, 2026
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 repur...
Shanghai Top Numerical Control Wins Mandate for H-Share Buybacks at Hybrid EGM
Jul 29, 2026
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 sh...
Shanghai Top Numerical Control Seeks Mandate to Buy Back Up to 10% of H Shares
Jul 10, 2026
Shanghai Top Numerical Control Technology Co., Ltd. Class H, a PRC-incorporated joint stock company listed on the Hong Kong Stock Exchange under stock code 7688, issues H shares to international and mainland-related investors. Operating under both...
Shanghai Top Numerical Control Sees Surge in Aerospace Contracts but Urges Investor Caution
Jul 2, 2026
Shanghai Top Numerical Control Technology Co., Ltd. has reported a sharp increase in newly secured contracts for the six months ended 30 June 2026, with total contract value reaching about RMB470.0 million versus approximately RMB218.0 million in ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.