New Risk • Apr 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.30. Revenue: CN¥1.14b (down 1.2% from FY 2024). Net income: CN¥58.5m (up 39% from FY 2024). Profit margin: 5.1% (up from 3.7% in FY 2024). Announcement • Apr 23
Qingdao Huicheng Environmental Technology Group Co., Ltd., Annual General Meeting, May 19, 2026 Qingdao Huicheng Environmental Technology Group Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: Room 418, No. 7, Xiaoshan Road, Huangdao District, Qingdao, Shandong China Announcement • Mar 31
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.041 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.041 in 3Q 2024). Revenue: CN¥310.8m (up 16% from 3Q 2024). Net income: CN¥22.5m (up 167% from 3Q 2024). Profit margin: 7.2% (up from 3.1% in 3Q 2024). Revenue is forecast to grow 69% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 146% per year, which means it is well ahead of earnings. Announcement • Sep 30
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.073 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10. Revenue: CN¥278.8m (down 5.9% from 2Q 2024). Net income: CN¥13.3m (down 7.6% from 2Q 2024). Profit margin: 4.8% (down from 4.9% in 2Q 2024). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Announcement • Jul 02
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report First Half, 2025 Results on Jul 29, 2025 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report first half, 2025 results on Jul 29, 2025 New Risk • May 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (38% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Apr 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.32 (down from CN¥0.84 in FY 2023). Revenue: CN¥1.15b (up 7.3% from FY 2023). Net income: CN¥42.6m (down 69% from FY 2023). Profit margin: 3.7% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 18
Qingdao Huicheng Environmental Technology Group Co., Ltd., Annual General Meeting, May 27, 2025 Qingdao Huicheng Environmental Technology Group Co., Ltd., Annual General Meeting, May 27, 2025, at 14:00 China Standard Time. Location: Room 418, No. 7, Xiaoshan Road, Huangdao District, Qingdao, Shandong China New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Announcement • Mar 31
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.042 (down from CN¥0.28 in 3Q 2023). Revenue: CN¥267.9m (down 3.5% from 3Q 2023). Net income: CN¥8.48m (down 83% from 3Q 2023). Profit margin: 3.2% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 100% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.073 (down from CN¥0.33 in 2Q 2023). Revenue: CN¥296.4m (up 12% from 2Q 2023). Net income: CN¥14.4m (down 71% from 2Q 2023). Profit margin: 4.9% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥59.99, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 267% over the past three years. New Risk • May 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (31% increase in shares outstanding). Reported Earnings • Apr 22
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥1.17 (up from CN¥0.02 in FY 2022). Revenue: CN¥1.07b (up 195% from FY 2022). Net income: CN¥138.5m (up CN¥136.0m from FY 2022). Profit margin: 13% (up from 0.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥54.37, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 13x in the Commercial Services industry in China. Total returns to shareholders of 211% over the past three years. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥47.75, the stock trades at a trailing P/E ratio of 44.6x. Average trailing P/E is 29x in the Commercial Services industry in China. Total returns to shareholders of 169% over the past three years. Announcement • Mar 30
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Feb 09
Qingdao Huicheng Environmental Technology Group Co., Ltd. (SZSE:300779) announces an Equity Buyback for CNY 120 million worth of its shares. Qingdao Huicheng Environmental Technology Group Co., Ltd. (SZSE:300779) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its A shares. The shares will be repurchased at a price not more than CNY 60 per share. The repurchased shares will be used for employee shareholding plan or as equity incentive. The repurchases will be made from company’s own funds. The authorization will be valid for a period of 12 months. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (34% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥35.30, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 31x in the Commercial Services industry in China. Total returns to shareholders of 123% over the past three years. New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 34% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 0.6% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (34% increase in shares outstanding). Announcement • Dec 29
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 New Risk • Dec 20
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 0.6% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.049 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.39 (up from CN¥0.049 loss in 3Q 2022). Revenue: CN¥277.5m (up 184% from 3Q 2022). Net income: CN¥50.2m (up CN¥55.2m from 3Q 2022). Profit margin: 18% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 35% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (2.8% operating cash flow to total debt). High level of non-cash earnings (28% accrual ratio). Minor Risk Shareholders have been diluted in the past year (35% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.01 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.47 (up from CN¥0.01 in 2Q 2022). Revenue: CN¥264.8m (up 186% from 2Q 2022). Net income: CN¥49.9m (up CN¥49.1m from 2Q 2022). Profit margin: 19% (up from 0.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 01
Qingdao Huicheng Environmental Technology Group Co., Ltd. to Report First Half, 2023 Results on Aug 02, 2023 Qingdao Huicheng Environmental Technology Group Co., Ltd. announced that they will report first half, 2023 results on Aug 02, 2023 Reported Earnings • Apr 20
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.02 (down from CN¥0.12 in FY 2021). Revenue: CN¥363.2m (up 28% from FY 2021). Net income: CN¥2.47m (down 79% from FY 2021). Profit margin: 0.7% (down from 4.1% in FY 2021). Revenue exceeded analyst estimates by 49%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Long Xue was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.049 loss per share (vs CN¥0.053 profit in 3Q 2021) Third quarter 2022 results: CN¥0.049 loss per share (down from CN¥0.053 profit in 3Q 2021). Revenue: CN¥97.9m (up 17% from 3Q 2021). Net loss: CN¥4.99m (down 200% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.01 (vs CN¥0.01 in 2Q 2021). Revenue: CN¥92.7m (up 38% from 2Q 2021). Net income: CN¥759.8k (down 34% from 2Q 2021). Profit margin: 0.8% (down from 1.7% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Jun 14
Qingdao Huicheng Environmental Technology Co., Ltd. Implements Final Cash Dividend for 2021, Payable on 21 June 2022 Qingdao Huicheng Environmental Technology Co., Ltd. implemented final cash dividend per 10 shares (tax included) of CNY 0.50000000 for 2021. Record date is 20 June 2022. Ex-date is 21 June 2022. Payment date is 21 June 2022. Announcement • May 24
Qingdao Huicheng Environmental Technology Co., Ltd. Approves Cash Dividend for 2021 Qingdao Huicheng Environmental Technology Co., Ltd., at the AGM held on 20 May 2022 approved Cash dividend/10 shares (tax included) of CNY 0.50000000 for 2021. Announcement • Apr 27
Qingdao Huicheng Environmental Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Qingdao Huicheng Environmental Technology Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2021. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.12 (vs CN¥0.27 in FY 2020) Full year 2021 results: EPS: CN¥0.12 (down from CN¥0.27 in FY 2020). Revenue: CN¥284.9m (down 12% from FY 2020). Net income: CN¥11.8m (down 56% from FY 2020). Profit margin: 4.1% (down from 8.3% in FY 2020). The decrease in margin was driven by lower revenue. Announcement • Apr 20
Qingdao Huicheng Environmental Technology Co., Ltd. announced that it expects to receive CNY 353.1 million in funding Qingdao Huicheng Environmental Technology Co., Ltd. announced that it has entered into a share subscription agreement to issue 10,000,000 to 30,000,000 shares at a price of CNY 11.77 per share for gross proceeds between CNY 117,700,000 to CNY 353,100,000 on April 18, 2022. The transaction will include participation from individual investor Zhang Xingong. The transaction has been approved at the 4th Meeting of the company’s 3rd Directorate and the 4th Meeting of the 3rd Supervisory Board and is subject to the approvals of company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The securities issued in the transaction are subject to a hold period of 36 months from the date of issuance. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.053 (vs CN¥0.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥84.0m (down 3.6% from 3Q 2020). Net income: CN¥5.00m (down 59% from 3Q 2020). Profit margin: 6.0% (down from 14% in 3Q 2020). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥17.11, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 24x in the Commercial Services industry in China. Total loss to shareholders of 17% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.072 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥67.0m (down 26% from 2Q 2020). Net income: CN¥1.15m (down 87% from 2Q 2020). Profit margin: 1.7% (down from 9.8% in 2Q 2020). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.06, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 22x in the Commercial Services industry in China. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥21.91, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 22x in the Commercial Services industry in China. Total returns to shareholders of 2.6% over the past year. Announcement • May 26
Qingdao Huicheng Environmental Technology Co., Ltd. Announces Cash Dividend for the Year 2020, Payable on May 31, 2021 Qingdao Huicheng Environmental Technology Co., Ltd. announced cash dividend per 10 shares (tax included) of CNY 1.00000000 for the year 2020, payable on May 31, 2021. Record date is May 28, 2021 and ex-date is May 31, 2021. Announcement • May 16
Qingdao Huicheng Environmental Technology Co., Ltd. Approves Final Dividend for the Year 2020 Qingdao Huicheng Environmental Technology Co., Ltd. approved cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2020. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥323.9m (down 5.8% from FY 2019). Net income: CN¥27.0m (down 37% from FY 2019). Profit margin: 8.3% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Announcement • Mar 09
Qingdao Huicheng Environmental Technology Co., Ltd. to Report Fiscal Year 2020 Results on Apr 22, 2021 Qingdao Huicheng Environmental Technology Co., Ltd. announced that they will report fiscal year 2020 results on Apr 22, 2021 Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥322.3m (down 6.3% from FY 2019). Net income: CN¥27.0m (down 37% from FY 2019). Profit margin: 8.4% (down from 13% in FY 2019). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.79, the stock is trading at a trailing P/E ratio of 75.7x, up from the previous P/E ratio of 64.3x. This compares to an average P/E of 25x in the Commercial Services industry in China. Total return to shareholders over the past year is a loss of 27%. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.80, the stock is trading at a trailing P/E ratio of 64.3x, up from the previous P/E ratio of 55.6x. This compares to an average P/E of 25x in the Commercial Services industry in China. Total return to shareholders over the past year is a loss of 50%. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.53, the stock is trading at a trailing P/E ratio of 55.6x, down from the previous P/E ratio of 66.1x. This compares to an average P/E of 24x in the Commercial Services industry in China. Total return to shareholders over the past year is a loss of 59%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥15.17, the stock is trading at a trailing P/E ratio of 58x, down from the previous P/E ratio of 68.6x. This compares to an average P/E of 24x in the Commercial Services industry in China. Total return to shareholders over the past year is a loss of 56%. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥15.17 The company is down 32% from its price of CN¥22.17 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 12% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥18.56 The company is down 20% from its price of CN¥23.16 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 6.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: CN¥20.72 The company is down 21% from its price of CN¥26.38 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 7.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥25.7m, down 59% from the prior year. Total revenue was CN¥338.1m over the last 12 months, down 8.3% from the prior year. Announcement • Aug 11
Qingdao Huicheng Environmental Technology Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Qingdao Huicheng Environmental Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020