Announcement • Jun 30
Jiangsu Hongdou Industrial Co.,LTD to Report First Half, 2026 Results on Aug 29, 2026 Jiangsu Hongdou Industrial Co.,LTD announced that they will report first half, 2026 results on Aug 29, 2026 Reported Earnings • Apr 30
Full year 2025 earnings released: CN¥0.18 loss per share (vs CN¥0.10 loss in FY 2024) Full year 2025 results: CN¥0.18 loss per share (further deteriorated from CN¥0.10 loss in FY 2024). Revenue: CN¥2.23b (up 14% from FY 2024). Net loss: CN¥422.9m (loss widened 78% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Jiangsu Hongdou Industrial Co.,LTD, Annual General Meeting, May 20, 2026 Jiangsu Hongdou Industrial Co.,LTD, Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Announcement • Mar 30
Jiangsu Hongdou Industrial Co.,LTD to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Hongdou Industrial Co.,LTD announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Jan 07
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 0% Dividend yield: 0.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 81% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (0% payout ratio). Announcement • Dec 26
Jiangsu Hongdou Industrial Co.,LTD to Report Fiscal Year 2025 Results on Apr 30, 2026 Jiangsu Hongdou Industrial Co.,LTD announced that they will report fiscal year 2025 results on Apr 30, 2026 Announcement • Sep 30
Jiangsu Hongdou Industrial Co.,LTD to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu Hongdou Industrial Co.,LTD announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 19
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 7.2% 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 Risk Earnings have declined by 77% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Jun 30
Jiangsu Hongdou Industrial Co.,LTD to Report First Half, 2025 Results on Aug 29, 2025 Jiangsu Hongdou Industrial Co.,LTD announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 02
Jiangsu Hongdou Industrial Co.,LTD (SHSE:600400) announces an Equity Buyback for CNY 20 million worth of its shares. Jiangsu Hongdou Industrial Co.,LTD (SHSE:600400) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 20 million worth of its shares. The shares will be repurchase at a price not more than CNY 3.45 per share. The repurchased shares will be used for Equity incentives or ESOP. The program will be valid for a period of 12 months. Reported Earnings • Apr 30
Full year 2024 earnings released: CN¥0.10 loss per share (vs CN¥0.01 profit in FY 2023) Full year 2024 results: CN¥0.10 loss per share (down from CN¥0.01 profit in FY 2023). Revenue: CN¥1.96b (down 16% from FY 2023). Net loss: CN¥238.2m (down CN¥268.2m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Jiangsu Hongdou Industrial Co.,LTD, Annual General Meeting, May 20, 2025 Jiangsu Hongdou Industrial Co.,LTD, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Announcement • Mar 28
Jiangsu Hongdou Industrial Co.,LTD to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Hongdou Industrial Co.,LTD announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Jiangsu Hongdou Industrial Co.,LTD to Report Fiscal Year 2024 Results on Apr 26, 2025 Jiangsu Hongdou Industrial Co.,LTD announced that they will report fiscal year 2024 results on Apr 26, 2025 New Risk • Dec 20
New major risk - Revenue and earnings growth Earnings have declined by 49% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 215% Cash payout ratio: 99% Earnings have declined by 49% per year over the past 5 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥407.7m (down 11% from 3Q 2023). Net loss: CN¥40.9m (loss widened 430% from 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in China. Announcement • Sep 30
Jiangsu Hongdou Industrial Co.,LTD to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Hongdou Industrial Co.,LTD announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 17
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 215% Dividend yield: 1.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (215% payout ratio). Large one-off items impacting financial results. Upcoming Dividend • Sep 16
Upcoming dividend of CN¥0.01 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 23 September 2024. The company is paying out more than 100% of its profits and is paying out 78% of its cash flow. Trailing yield: 0.5%. Lower than top quartile of Chinese dividend payers (2.8%). Lower than average of industry peers (3.7%). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.01 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.01 in 2Q 2023). Revenue: CN¥431.1m (down 2.2% from 2Q 2023). Net income: CN¥2.99m (down 81% from 2Q 2023). Profit margin: 0.7% (down from 3.5% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 06
Dividend of CN¥0.01 announced Shareholders will receive a dividend of CN¥0.01. Ex-date: 10th July 2024 Payment date: 10th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Jiangsu Hongdou Industrial Co.,LTD to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu Hongdou Industrial Co.,LTD announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • May 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 167% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.01 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.01 in 1Q 2023). Revenue: CN¥650.3m (flat on 1Q 2023). Net income: CN¥41.2m (up 31% from 1Q 2023). Profit margin: 6.3% (up from 4.8% in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Luxury industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Jiangsu Hongdou Industrial Co.,LTD, Annual General Meeting, May 15, 2024 Jiangsu Hongdou Industrial Co.,LTD, Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: 26F, Tower A, No. 19, Tonghui Street, CBD, Xidong New City, Wuxi, Jiangsu China Announcement • Apr 19
Jiangsu Hongdou Industrial Co.,LTD (SHSE:600400) announces an Equity Buyback for CNY 40 million worth of its shares. Jiangsu Hongdou Industrial Co.,LTD (SHSE:600400) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 40 million worth of its A shares. The shares will be repurchased at a price of CNY 3.95 per share. The company will use its own fund to repurchase the shares. The purpose of the share repurchases is to use repurchased shares as the company’s equity incentive. The program is valid for 12 months. Announcement • Mar 30
Jiangsu Hongdou Industrial Co.,LTD to Report Q1, 2024 Results on Apr 27, 2024 Jiangsu Hongdou Industrial Co.,LTD announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 29
Jiangsu Hongdou Industrial Co.,LTD to Report Fiscal Year 2023 Results on Apr 25, 2024 Jiangsu Hongdou Industrial Co.,LTD announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.007 loss per share (vs CN¥0.003 loss in 3Q 2022) Third quarter 2023 results: CN¥0.007 loss per share (further deteriorated from CN¥0.003 loss in 3Q 2022). Revenue: CN¥460.2m (down 15% from 3Q 2022). Net loss: CN¥7.73m (loss widened 43% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.01 (in line with 2Q 2022). Revenue: CN¥440.9m (down 8.5% from 2Q 2022). Net income: CN¥15.5m (down 29% from 2Q 2022). Profit margin: 3.5% (down from 4.5% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Jiangsu Hongdou Industrial Co.,LTD to Report First Half, 2023 Results on Aug 26, 2023 Jiangsu Hongdou Industrial Co.,LTD announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.01 (in line with 1Q 2022). Revenue: CN¥655.1m (up 1.8% from 1Q 2022). Net income: CN¥31.5m (up 5.3% from 1Q 2022). Profit margin: 4.8% (up from 4.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jan 17
Jiangsu Hongdou Industrial Co.,LTD announced that it expects to receive CNY 1.2 billion in funding Jiangsu Hongdou Industrial Co.,LTD announced a private placement of not more than 380,000,000 A Shares plan at an issue price of gross proceeds of not more than CNY 1,200,000,000 on January 16, 2023.The issue price shall not be lower than 80% of the average trading price in the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 investors. The transaction has been approved at the 36th extraordinary meeting of the eighth board of directors and the 21st extraordinary meeting of the eighth board of supervisors. The transaction is still subject to company's shareholders and approved by the China Securities Regulatory Commission. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Er Xun Xu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0.001 profit in 3Q 2021) Third quarter 2022 results: CN¥0.003 loss per share (down from CN¥0.001 profit in 3Q 2021). Revenue: CN¥541.6m (down 7.7% from 3Q 2021). Net loss: CN¥5.41m (down 446% from profit in 3Q 2021). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
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¥482.0m (up 6.5% from 2Q 2021). Net income: CN¥21.8m (down 11% from 2Q 2021). Profit margin: 4.5% (down from 5.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 30%, compared to a 23% growth forecast for the Luxury industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Er Xun Xu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.011 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥586.6m (up 23% from 3Q 2020). Net income: CN¥1.56m (down 94% from 3Q 2020). Profit margin: 0.3% (down from 5.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.014 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥452.4m (down 19% from 2Q 2020). Net income: CN¥24.4m (down 46% from 2Q 2020). Profit margin: 5.4% (down from 8.0% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.03 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥580.2m (down 13% from 1Q 2020). Net income: CN¥50.7m (down 17% from 1Q 2020). Profit margin: 8.7% (down from 9.1% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥3.27 The company is up 3.0% from a price of CN¥3.18 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Exceeded the Luxury industry, which is down 4.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.69 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥3.09 The company is down 9.0% from its price of CN¥3.38 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.96 per share. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.13 The company is down 6.0% from its price of CN¥3.32 on 25 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 Luxury industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.96 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥3.20 The company is down 8.0% from its price of CN¥3.47 on 10 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 Luxury industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.97 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.25 The company is down 7.0% from its price of CN¥3.48 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.34 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥155.5m, down 13% from the prior year. Total revenue was CN¥2.46b over the last 12 months, down 4.6% from the prior year. Announcement • Oct 27
Jiangsu Hongdou Industrial Co., Ltd to Report Q3, 2020 Results on Oct 30, 2020 Jiangsu Hongdou Industrial Co., Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: CN¥3.32 The company is down 1.0% from its price of CN¥3.34 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.11 per share. Announcement • Aug 25
Jiangsu Hongdou Industrial Co., Ltd to Report First Half, 2020 Results on Aug 20, 2020 Jiangsu Hongdou Industrial Co., Ltd announced that they will report first half, 2020 results on Aug 20, 2020 Announcement • Jul 08
Jiangsu Hongdou Industrial Co., Ltd to Report First Half, 2020 Results on Aug 21, 2020 Jiangsu Hongdou Industrial Co., Ltd announced that they will report first half, 2020 results on Aug 21, 2020 
