---
title: "Hengbao Co.,Ltd. (002104.SZ)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/002104.SZ.md"
symbol: "002104.SZ"
name: "Hengbao Co.,Ltd."
industry: "Technology Hardware, Storage and Peripherals"
datetime: "2026-05-20T06:02:01.986Z"
locales:
  - [en](https://longbridge.com/en/quote/002104.SZ.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/002104.SZ.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/002104.SZ.md)
---

# Hengbao Co.,Ltd. (002104.SZ)

## Company Overview

Hengbao Co.,Ltd. engages in the financial technology, Internet of Things, digital security and digital services in China and internationally. The company offers card payment and security services; blockchain finance, digital asset wallet, and supply chain financial platform; mobile communications and the internet of things, including sim, esim, and M2M card. It also provides smart password key, electronic token, Bluetooth USBKEY, mobile smart terminal mobile phone shield, and other products; and tax security products, such as tax control disk, transmission disks, tax control Ukey, and PSAM cards.

| Item | Detail |
|------|--------|
| Industry | Technology Hardware, Storage and Peripherals |
| Exchange | CN Market |
| Website | [www.hengbao.com](https://www.hengbao.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-19T04:30:08.000Z

**Overall: C (0.52)**

**Industry**: Technology Hardware, Storage and Peripherals

| Metric | Value |
|--------|-------|
| Industry Ranking | 26 / 40 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -18.41% |  |
| Net Profit YoY | -84.97% |  |
| P/B Ratio | 4.54 |  |
| Dividend Ratio | 0.59% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 9701476462.31 |  |
| Revenue | 746016560.47 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 0.65% | D |
| Profit Margin | 1.87% | C |
| Gross Margin | 22.12% | D |
| Revenue YoY | -18.41% | E |
| Net Profit YoY | -84.97% | E |
| Total Assets YoY | -4.38% | D |
| Net Assets YoY | -1.97% | D |
| Cash Flow Margin | 939.32% | A |
| OCF YoY | -18.41% | E |
| Turnover | 0.31 | D |
| Gearing Ratio | 8.93% | A |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Hengbao Co.,Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-18.41%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-84.97%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "4.54",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.59%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "9701476462.31",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "746016560.47",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "0.65%",
          "rating": "D"
        },
        {
          "name": "Profit Margin",
          "value": "1.87%",
          "rating": "C"
        },
        {
          "name": "Gross Margin",
          "value": "22.12%",
          "rating": "D"
        },
        {
          "name": "Revenue YoY",
          "value": "-18.41%",
          "rating": "E"
        },
        {
          "name": "Net Profit YoY",
          "value": "-84.97%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "-4.38%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-1.97%",
          "rating": "D"
        },
        {
          "name": "Cash Flow Margin",
          "value": "939.32%",
          "rating": "A"
        },
        {
          "name": "OCF YoY",
          "value": "-18.41%",
          "rating": "E"
        },
        {
          "name": "Turnover",
          "value": "0.31",
          "rating": "D"
        },
        {
          "name": "Gearing Ratio",
          "value": "8.93%",
          "rating": "A"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 698.78 | 27/40 | 332.23 | 273.02 | 167.83 |
| PB | 4.56 | 20/40 | 7.15 | 6.19 | 5.07 |
| PS (TTM) | 13.07 | 34/40 | 17.60 | 15.65 | 13.34 |
| Dividend Yield | 0.58% | 15/40 | 0.59% | 0.44% | 0.38% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | LONGSYS (301308.SZ) | A | A | A | D | C | B |
| 02 | Sugon (603019.SH) | B | B | C | C | C | B |
| 03 | Sharetronic Data (300857.SZ) | B | A | B | E | B | B |
| 04 | Huaqin (603296.SH) | B | A | A | D | B | B |
| 05 | Anker Innovations (300866.SZ) | A | B | A | C | C | B |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/002104.SZ/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/002104.SZ/norm.md)
- [Related News](https://longbridge.com/en/quote/002104.SZ/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/002104.SZ/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**