Beijing SinoHytec Co., Ltd.
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Beijing SinoHytec Co., Ltd. - overview
Established
2012
Location
Beijing, -, China
Primary Industry
Automobiles, Other Vehicles & Parts
About
Established in 2012 and based in Beijing, China, Beijing SinoHytec Co. , Ltd. operates as a hydrogen fuel cell engine manufacturer that provides fuel cell stack, graphite bipolar plate and membrane electrode group. As of 2021, the core research team has 232 employees.
The company cooperates with Tsinghua University, BAIC Foton, Yutong and Geely, etc. Since 2016, the company have sold more than 2000 fuel cell systems to more than 19 Chinese commercial vehicle manufacturers. Guoqing Zhang is the CEO of the company, and he obtained a master's degree in public administration from Tsinghua University and once served as the department manager and deputy general manager of Beijing Qingneng Huatong Technology Development Co. , Ltd.
In August 2020, it was listed on the Shanghai Stock Exchange with stock code 688339. In December 2021, it was listed on the Hong Kong Stock Exchange with stock code 02402. Its products include hydrogen fuel cell engines and cogeneration. Hydrogen fuel cell engine includes G series and T series hydrogen fuel cell engines.
G series can apply in multiple models, including public transport, logistics, intercity bus, heavy truck, sanitation vehicle and waste truck. Cogeneration is composed of fuel cell engine, battery, radiator, heat exchanger, energy storage converter and fire safety system.
Current Investors
Tsinghua Innovation Ventures, GTJA Innovation Investment, Yield Capital
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts, Energy Storage & Batteries
Website
www.sinohytec.com
Verticals
Electric & Hybrid Vehicles, Manufacturing
Company Stage
Mature
Total Amount Raised
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Beijing SinoHytec Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 201,224,900 | 368,473,900 | 553,620,000 | 571,903,029.7 | 629,368,760.5 | - | - | - |
| % Revenue Growth (YoY) | - | 83.1% | 50.2% | 3.3% | 10.0% | - | - | - |
| EBITDA (USD) | 39,785,700 | 39,094,400 | 76,721,800 | (10,280,375) | (207,159,269.7) | - | - | - |
| Operating Income (USD) | 33,647,300 | 15,791,100 | 20,803,100 | (42,833,517.9) | (241,980,334.5) | - | - | - |
| Operating Margin | 16.7% | 4.3% | 3.8% | (7.5%) | (38.4%) | - | - | - |
| % EBITDA Margin | 19.8% | 10.6% | 13.9% | (1.8%) | (32.9%) | - | - | - |
| NET Income (USD) | 27,431,300 | 17,435,900 | 45,905,200 | (32,573,425.6) | (200,938,323.6) | - | - | - |
| % Net Margin | 13.6% | 4.7% | 8.3% | (5.7%) | (31.9%) | - | - | - |
Beijing SinoHytec Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Beijing SinoHytec Co., Ltd. | - | ||||||||
| Joint Venture | Completed | Beijing Kawen New Energy Vehicle | - |
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