Valuation Update With 7 Day Price Move • 8h
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥72.95, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 455% over the past three years. Announcement • Jun 30
Nantong Haixing Electronics Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Nantong Haixing Electronics Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 29
Dividend of CN¥0.60 announced Dividend of CN¥0.60 is the same as last year. Ex-date: 1st July 2026 Payment date: 1st July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (64% 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 decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 226% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 13
Nantong Haixing Electronics Co., Ltd. announced a financing transaction Nantong Haixing Electronics Co., Ltd. announced a private placement of common shares on May 11, 2026. The transaction has been approved at the annual shareholders meeting of 2025. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥58.51, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 364% over the past three years. Announcement • Apr 20
Nantong Haixing Electronics Co., Ltd., Annual General Meeting, May 11, 2026 Nantong Haixing Electronics Co., Ltd., Annual General Meeting, May 11, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China New Risk • Apr 19
New major risk - Revenue and earnings growth Earnings have declined by 4.7% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 4.7% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 30
Nantong Haixing Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 18, 2026 Nantong Haixing Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.21, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 130% over the past three years. New Risk • Mar 02
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 7.8% 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 Earnings have declined by 0.1% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥30.91, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 61x in the Electrical industry in China. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥24.05, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 59x in the Electrical industry in China. Total returns to shareholders of 61% over the past three years. Announcement • Dec 26
Nantong Haixing Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Nantong Haixing Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.22 in 3Q 2024). Revenue: CN¥618.7m (up 21% from 3Q 2024). Net income: CN¥80.8m (up 52% from 3Q 2024). Profit margin: 13% (up from 10% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings have declined by 1.2% 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 Risk Earnings have declined by 1.2% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Sep 30
Nantong Haixing Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Nantong Haixing Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥18.90, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 48x in the Electrical industry in China. Total loss to shareholders of 6.2% over the past three years. New Risk • Jul 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 6.6% 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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥17.85, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 43x in the Electrical industry in China. Total loss to shareholders of 8.8% over the past three years. Announcement • Jun 30
Nantong Haixing Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Nantong Haixing Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 23
Dividend increased to CN¥0.60 Dividend of CN¥0.60 is 20% higher than last year. Ex-date: 25th June 2025 Payment date: 25th June 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (85% 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 decreased over the past 56 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 16
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 Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • May 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Dividend is not well covered by cash flows (165% cash payout ratio). Announcement • Apr 18
Nantong Haixing Electronics Co., Ltd., Annual General Meeting, May 16, 2025 Nantong Haixing Electronics Co., Ltd., Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.23, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 34x in the Electrical industry in China. Total loss to shareholders of 28% over the past three years. Announcement • Mar 28
Nantong Haixing Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Nantong Haixing Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Dec 27
Nantong Haixing Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Nantong Haixing Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.14 in 3Q 2023). Revenue: CN¥509.8m (up 12% from 3Q 2023). Net income: CN¥53.2m (up 56% from 3Q 2023). Profit margin: 10% (up from 7.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Nantong Haixing Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Nantong Haixing Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥12.54, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 29x in the Electrical industry in China. Total loss to shareholders of 29% over the past three years. Buy Or Sell Opportunity • Aug 26
Now 25% overvalued Over the last 90 days, the stock has fallen 17% to CN¥10.13. The fair value is estimated to be CN¥8.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 22%. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥495.5m (up 6.9% from 2Q 2023). Net income: CN¥35.5m (up 43% from 2Q 2023). Profit margin: 7.2% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 27% per year. Buy Or Sell Opportunity • Jul 01
Now 20% overvalued Over the last 90 days, the stock has fallen 17% to CN¥10.49. The fair value is estimated to be CN¥8.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 15%. Announcement • Jun 29
Nantong Haixing Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Nantong Haixing Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Buy Or Sell Opportunity • Jun 08
Now 25% overvalued Over the last 90 days, the stock has fallen 5.3% to CN¥10.84. The fair value is estimated to be CN¥8.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 15%. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.42, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 31x in the Electrical industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Apr 20
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.23 in 3Q 2022). Revenue: CN¥454.3m (up 21% from 3Q 2022). Net income: CN¥34.2m (down 38% from 3Q 2022). Profit margin: 7.5% (down from 15% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 19
Nantong Haixing Electronics Co., Ltd., Annual General Meeting, May 09, 2024 Nantong Haixing Electronics Co., Ltd., Annual General Meeting, May 09, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Announcement • Mar 29
Nantong Haixing Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Nantong Haixing Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.02, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 30x in the Electrical industry in China. Total loss to shareholders of 2.3% over the past three years. Announcement • Dec 29
Nantong Haixing Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Nantong Haixing Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.23 in 3Q 2022). Revenue: CN¥454.3m (up 21% from 3Q 2022). Net income: CN¥34.2m (down 38% from 3Q 2022). Profit margin: 7.5% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Nantong Haixing Electronics Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Nantong Haixing Electronics Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥463.6m (down 1.7% from 2Q 2022). Net income: CN¥24.8m (down 64% from 2Q 2022). Profit margin: 5.4% (down from 14% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥14.10, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 35x in the Electrical industry in China. Total loss to shareholders of 1.3% over the past three years. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: CN¥0.95 (vs CN¥1.05 in FY 2021) Full year 2022 results: EPS: CN¥0.95. Revenue: CN¥1.77b (up 7.3% from FY 2021). Net income: CN¥227.7m (up 3.0% from FY 2021). Profit margin: 13% (in line with FY 2021). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23 (down from CN¥0.34 in 3Q 2021). Revenue: CN¥374.9m (down 14% from 3Q 2021). Net income: CN¥54.8m (down 24% from 3Q 2021). Profit margin: 15% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.26 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.26 in 2Q 2021). Revenue: CN¥471.4m (up 9.7% from 2Q 2021). Net income: CN¥68.4m (up 21% from 2Q 2021). Profit margin: 14% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.15 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥471.5m (up 36% from 1Q 2021). Net income: CN¥63.8m (up 111% from 1Q 2021). Profit margin: 14% (up from 8.7% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: CN¥1.05 (vs CN¥0.60 in FY 2020) Full year 2021 results: EPS: CN¥1.05 (up from CN¥0.60 in FY 2020). Revenue: CN¥1.65b (up 35% from FY 2020). Net income: CN¥221.2m (up 76% from FY 2020). Profit margin: 13% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Announcement • Jan 28
Nantong Haixing Electronics Co., Ltd. (SHSE:603115) agreed to acquire remaining 10% stake in Ningxia Haili Electronics Co., Ltd. from Shizuishan Haichuan Investment Co., Ltd for CNY 10 million. Nantong Haixing Electronics Co., Ltd. (SHSE:603115) agreed to acquire remaining 10% stake in Ningxia Haili Electronics Co., Ltd. from Shizuishan Haichuan Investment Co., Ltd for CNY 10 million on January 25, 2022. Post completion, Nantong Haixing Electronics Co., Ltd's shareholding in Ningxia Haili Electronics Co., Ltd will increase from 90% to 100% and Ningxia Haili Electronics Co., Ltd will change from Nantong Haixing Electronics Co., Ltd's holding subsidiary to a wholly-owned subsidiary. Nantong Haixing Electronics Co., Ltd. will pay the consideration from its own funds. As of September 2021, Ningxia Haili Electronics Co., Ltd. reported Net assets of CNY 97 million and Total Assets of CNY 200.3 million. As of January 25, 2022, Nantong Haixing Electronics Co., Ltd's board of directors and the board of supervisors reviewed and approved the transaction and does not need to be submitted to the Nantong Haixing Electronics Co., Ltd's general meeting of shareholders for consideration and approval. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥437.2m (up 31% from 3Q 2020). Net income: CN¥72.3m (up 104% from 3Q 2020). Profit margin: 17% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥18.93, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.70, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 32x in the Electrical industry in China. Total returns to shareholders of 22% over the past year. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥429.8m (up 40% from 2Q 2020). Net income: CN¥56.4m (up 86% from 2Q 2020). Profit margin: 13% (up from 9.9% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥17.78, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 34x in the Electrical industry in China. Negligible returns to shareholders over past year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.12 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥346.9m (up 50% from 1Q 2020). Net income: CN¥30.3m (up 21% from 1Q 2020). Profit margin: 8.7% (down from 11% in 1Q 2020). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥0.60 (vs CN¥0.69 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.22b (up 11% from FY 2019). Net income: CN¥125.8m (up 4.5% from FY 2019). Profit margin: 10% (in line with FY 2019). Announcement • Mar 05
Nantong Haixing Electronics Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Nantong Haixing Electronics Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥13.85 The company is down 14% from its price of CN¥16.19 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: CN¥15.12 The company is down 13% from its price of CN¥17.30 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 Electrical industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market bids up stock over the past week After last week's 18% share price gain to CN¥19.83, the stock is trading at a trailing P/E ratio of 35.9x, up from the previous P/E ratio of 30.4x. This compares to an average P/E of 39x in the Electrical industry in China. Total returns to shareholders over the past year are 2.1%. Announcement • Nov 21
Nantong Haixing Electronics Co., Ltd. announced that it expects to receive CNY 760 million in funding Nantong Haixing Electronics Co., Ltd. (SHSE:603115) announced a private placement of up to 31,200,000 A shares for gross proceeds of up to CNY 760,000,000 on November 20, 2020. The transaction will include participation from not more than 35 specific investors. The number of A shares issuance price shall not be lower than 80% of the average trading price of the company’s A shares for the 20 trading days immediately preceding the pricing benchmark date. The transaction is subject to approval by the shareholders of the company and from the China Securities Regulatory Commission. All securities issued in the transaction are subject to a statutory hold period of six months. The transaction has been approved at the seventeenth meeting of the third directorate of the company. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥113.0m, down 19% from the prior year. Total revenue was CN¥1.18b over the last 12 months, up 9.4% from the prior year. Announcement • Oct 30
Nantong Haixing Electronics Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Nantong Haixing Electronics Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 29
New 90-day low: CN¥16.02 The company is down 17% from its price of CN¥19.19 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 8.0% over the same period. Announcement • Jul 06
Nantong Haixing Electronics Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020 Nantong Haixing Electronics Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020 
