New Risk • May 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 23
Huaxin Resources Technology Co. Ltd., Annual General Meeting, May 21, 2026 Huaxin Resources Technology Co. Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: 2F, Office Building 3-9, No. 4, Jingsheng North 1st Street, Jinqiao Technology Industry Base, Tongzhou District, Beijing China New Risk • Apr 19
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 9.9% 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 Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 26% per year over the past 5 years. Reported Earnings • Apr 09
Full year 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.16 in FY 2024) Full year 2025 results: EPS: CN¥0.19 (up from CN¥0.16 in FY 2024). Revenue: CN¥862.3m (up 35% from FY 2024). Net income: CN¥56.8m (up 20% from FY 2024). Profit margin: 6.6% (down from 7.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Mar 31
Hwaxin Environmental Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Hwaxin Environmental Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 New Risk • Mar 08
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 8.7% 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 27% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Dec 31
Hwaxin Environmental Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Hwaxin Environmental Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥13.91, the stock trades at a trailing P/E ratio of 68.1x. Average trailing P/E is 35x in the Commercial Services industry in China. Total returns to shareholders of 16% over the past three years. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.054 (vs CN¥0.061 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.054 (down from CN¥0.061 in 3Q 2024). Revenue: CN¥264.4m (up 39% from 3Q 2024). Net income: CN¥16.1m (down 12% from 3Q 2024). Profit margin: 6.1% (down from 9.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Oct 01
Hwaxin Environmental Co.,Ltd. (SZSE:301265) announces an Equity Buyback for CNY 80 million worth of its shares. Hwaxin Environmental Co.,Ltd. (SZSE:301265) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be purchased at a price not exceeding CNY 17.24 per share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be funded from company's own funds or self-financing. The program will be valid for 12 months. Announcement • Sep 30
Hwaxin Environmental Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Hwaxin Environmental Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 New Risk • Jul 18
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 30% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥12.97, the stock trades at a trailing P/E ratio of 67.4x. Average trailing P/E is 36x in the Commercial Services industry in China. Total returns to shareholders of 75% over the past year. Announcement • Jul 02
Hwaxin Environmental Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Hwaxin Environmental Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Jun 05
Hwaxin Environmental Co.,Ltd. Approves Cash Dividend for 2024 Hwaxin Environmental Co.,Ltd. at its AGM held on May 30, 2025 approved Cash dividend/10 shares (tax included): CNY 0.40000000. Announcement • Apr 25
Hwaxin Environmental Co.,Ltd. Proposes Final Dividend for 2024 Hwaxin Environmental Co.,Ltd. announced on 23 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.40. Reported Earnings • Apr 24
First quarter 2025 earnings released First quarter 2025 results: EPS: CN¥0.04. Revenue: CN¥141.4m (up 86% from 1Q 2024). Net income: CN¥10.9m (up CN¥11.1m from 1Q 2024). Profit margin: 7.7% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Announcement • Apr 23
Hwaxin Environmental Co.,Ltd., Annual General Meeting, May 30, 2025 Hwaxin Environmental Co.,Ltd., Annual General Meeting, May 30, 2025, at 14:30 China Standard Time. Location: 2F, Office Building 3-9, No. 4, Jingsheng North 1st Street, Zhongguancun Technology Park, Tongzhou District, Beijing China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.74, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 31x in the Commercial Services industry in China. Total loss to shareholders of 26% over the past year. Announcement • Mar 31
Hwaxin Environmental Co.,Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Hwaxin Environmental Co.,Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Dec 31
Hwaxin Environmental Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Hwaxin Environmental Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Announcement • Nov 16
Hwaxin Environmental Co.,Ltd. Approves Board Elections Hwaxin Environmental Co.,Ltd. at its Extraordinary General Meeting held on 14 November 2024, approved the election of Yu Dahong as independent director and Ba Ya'er, non-employee supervisor. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.061 (vs CN¥0.061 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.061 (in line with 3Q 2023). Revenue: CN¥190.8m (up 10% from 3Q 2023). Net income: CN¥18.2m (down 5.2% from 3Q 2023). Profit margin: 9.6% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Sep 30
Hwaxin Environmental Co.,Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Hwaxin Environmental Co.,Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥9.38, the stock trades at a trailing P/E ratio of 58.1x. Average trailing P/E is 25x in the Commercial Services industry in China. Total loss to shareholders of 20% over the past year. Reported Earnings • Aug 22
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥177.7m (down 13% from 2Q 2023). Net income: CN¥22.4m (down 36% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Announcement • Jun 29
Hwaxin Environmental Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Hwaxin Environmental Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Announcement • Apr 24
Hwaxin Environmental Co.,Ltd., Annual General Meeting, May 20, 2024 Hwaxin Environmental Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 30
Hwaxin Environmental Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Hwaxin Environmental Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.60, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 29x in the Commercial Services industry in China. Total loss to shareholders of 5.8% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.07, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 28x in the Commercial Services industry in China. Total loss to shareholders of 36% over the past year. Announcement • Jan 30
Hwaxin Environmental Co.,Ltd. (SZSE:301265) announces an Equity Buyback for CNY 60 million worth of its shares. Hwaxin Environmental Co.,Ltd. (SZSE:301265) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 15.06 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for equity incentives or employee stock ownership plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months. Announcement • Dec 29
Hwaxin Environmental Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Hwaxin Environmental Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.095 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.095 in 3Q 2022). Revenue: CN¥173.2m (down 7.6% from 3Q 2022). Net income: CN¥19.2m (down 12% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.12. Net income: CN¥34.8m (up CN¥34.8m from 2Q 2022). Announcement • Jul 01
Hwaxin Environmental Co.,Ltd. to Report First Half, 2023 Results on Aug 17, 2023 Hwaxin Environmental Co.,Ltd. announced that they will report first half, 2023 results on Aug 17, 2023 Announcement • May 06
Hwaxin Environmental Co.,Ltd. Approves Cash Dividend for the Year 2022 Hwaxin Environmental Co.,Ltd. at its annual general meeting of 2022 held on 28 April 2023, approved the 2022 profit distribution plan as cash dividend (tax included) of CNY 2.00000000 per ten shares. Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.69 in FY 2021) Full year 2022 results: EPS: CN¥0.49 (down from CN¥0.69 in FY 2021). Revenue: CN¥752.2m (down 3.8% from FY 2021). Net income: CN¥111.7m (down 29% from FY 2021). Profit margin: 15% (down from 20% in FY 2021). The decrease in margin was primarily driven by lower revenue. 