Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥22.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Auto Components industry in China. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.49 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥25.56, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.48 per share. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥30.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 159% over the past three years. Major Estimate Revision • May 07
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥27.5b to CN¥27.9b. EPS estimate increased from CN¥1.58 to CN¥1.78 per share. Net income forecast to grow 248% next year vs 38% growth forecast for Auto Components industry in China. Consensus price target up from CN¥28.05 to CN¥33.75. Share price rose 11% to CN¥28.93 over the past week. Major Estimate Revision • May 04
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥30.8b to CN¥27.5b. EPS estimate unchanged from CN¥1.58 per share at last update. Auto Components industry in China expected to see average net income growth of 39% next year. Consensus price target down from CN¥31.05 to CN¥28.05. Share price fell 5.9% to CN¥26.03 over the past week. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.34 (vs CN¥0.31 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.34 (up from CN¥0.31 in 1Q 2025). Revenue: CN¥5.17b (down 17% from 1Q 2025). Net income: CN¥272.9m (up 6.6% from 1Q 2025). Profit margin: 5.3% (up from 4.1% in 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Apr 28
Ningbo Huaxiang Electronic Co., Ltd., Annual General Meeting, May 19, 2026 Ningbo Huaxiang Electronic Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: Huaxiang Mountain Villa, Xizhou Town, Xiangshan, Zhejiang China Announcement • Mar 31
Ningbo Huaxiang Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Mar 05
Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) announces an Equity Buyback for CNY 210 million worth of its shares. Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) announces a share repurchase program. Under the program, the company will repurchase up to CNY 210 million worth of shares. The shares will be repurchased at no more than CNY 48.88 per share. The purpose of the program is ESOP or equity incentives. The company will used its own funds. The repurchased shares will be cancelled. The program will be valid for 12 months. New Risk • Mar 03
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 7.5% 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: Minor Risks Dividend is not well covered by earnings (119% payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Announcement • Dec 31
Ningbo Huaxiang Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.56 (vs CN¥0.23 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.56 (up from CN¥0.23 in 3Q 2024). Revenue: CN¥6.35b (down 3.0% from 3Q 2024). Net income: CN¥462.3m (up 151% from 3Q 2024). Profit margin: 7.3% (up from 2.8% in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. New Risk • Oct 14
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 9.3% 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 Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Dividend is not well covered by earnings (dividend per share is over 8x earnings per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Announcement • Sep 30
Ningbo Huaxiang Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 59% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥1.50 to CN¥0.61. Revenue forecast unchanged from CN¥28.0b at last update. Net income forecast to grow 2,038% next year vs 40% growth forecast for Auto Components industry in China. Consensus price target up from CN¥16.45 to CN¥21.95. Share price rose 27% to CN¥29.40 over the past week. New Risk • Aug 29
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 6.7% 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: Minor Risks Dividend is not well covered by earnings (dividend per share is over 8x earnings per share). Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Aug 29
Second quarter 2025 earnings released: CN¥0.78 loss per share (vs CN¥0.38 profit in 2Q 2024) Second quarter 2025 results: CN¥0.78 loss per share (down from CN¥0.38 profit in 2Q 2024). Revenue: CN¥6.62b (up 12% from 2Q 2024). Net loss: CN¥629.5m (down 304% from profit in 2Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Price Target Changed • Aug 28
Price target increased by 43% to CN¥21.95 Up from CN¥15.40, the current price target is an average from 2 analysts. New target price is 11% below last closing price of CN¥24.80. Stock is up 104% over the past year. The company is forecast to post earnings per share of CN¥1.52 for next year compared to CN¥1.17 last year. Announcement • Jul 02
Ningbo Huaxiang Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Auto Components industry in China. Total returns to shareholders of 16% over the past three years. Announcement • May 27
Ningbo Huaxiang Electronic Co., Ltd. Approves Profit Distribution Plan for 2024 Ningbo Huaxiang Electronic Co., Ltd. held its Annual General Meeting of 2024 on 23 May 2025 was/were approved 2024 profit distribution plan as Cash dividend/10 shares (tax included): CNY 4.69000000. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.70, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 40% over the past three years. Buy Or Sell Opportunity • Apr 29
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to CN¥16.06. The fair value is estimated to be CN¥12.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Announcement • Apr 28
Ningbo Huaxiang Electronic Co., Ltd., Annual General Meeting, May 23, 2025 Ningbo Huaxiang Electronic Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: Huaxiang Villa, Xizhou Town, Xiangshan, Zhejiang China Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: CN¥1.12 (vs CN¥1.26 in FY 2023) Full year 2024 results: EPS: CN¥1.12 (down from CN¥1.26 in FY 2023). Revenue: CN¥26.1b (up 12% from FY 2023). Net income: CN¥908.8m (down 12% from FY 2023). Profit margin: 3.5% (down from 4.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.35, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Auto Components industry in China. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.29 per share. Announcement • Mar 31
Ningbo Huaxiang Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Mar 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 7.9% 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: Minor Risks Dividend is not well covered by cash flows (265% cash payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥15.13, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 23x in the Auto Components industry in China. Total loss to shareholders of 9.8% over the past three years. Announcement • Dec 31
Ningbo Huaxiang Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.40 in 3Q 2023). Revenue: CN¥6.54b (up 5.5% from 3Q 2023). Net income: CN¥184.2m (down 44% from 3Q 2023). Profit margin: 2.8% (down from 5.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 18% per year. Announcement • Sep 30
Ningbo Huaxiang Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥14.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.08 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint Second quarter 2024 results: EPS: CN¥0.38 (down from CN¥0.39 in 2Q 2023). Revenue: CN¥5.92b (up 6.1% from 2Q 2023). Net income: CN¥309.1m (down 1.2% from 2Q 2023). Profit margin: 5.2% (down from 5.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 20% per year. Price Target Changed • Jun 29
Price target decreased by 7.5% to CN¥16.65 Down from CN¥18.00, the current price target is an average from 2 analysts. New target price is 29% above last closing price of CN¥12.94. Stock is down 3.4% over the past year. The company is forecast to post earnings per share of CN¥1.59 for next year compared to CN¥1.26 last year. Announcement • Jun 29
Ningbo Huaxiang Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 01
Dividend increased to CN¥0.63 Dividend of CN¥0.63 is 153% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
Ningbo Huaxiang Electronic Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 07 June 2024 Ningbo Huaxiang Electronic Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 6.32000000. Record date: 06 June 2024. Ex-date: 07 June 2024. Payment date: 07 June 2024. Announcement • Apr 28
Ningbo Huaxiang Electronic Co., Ltd., Annual General Meeting, May 24, 2024 Ningbo Huaxiang Electronic Co., Ltd., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: Huaxiang Villa, Xizhou Town, Xiangshan, Zhejiang China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider Shareholder return plan for the next three years from 2023 to 2025; to consider Reappointment of 2024 audit firm; to consider 2024 estimated continuing connected transactions; to consider 2024 estimated guarantee quota;and to consider Increase or sale of equities in a company and authorization to the chairman of the board to handle the implementation. Reported Earnings • Apr 27
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.24 in 1Q 2023). Revenue: CN¥5.68b (up 23% from 1Q 2023). Net income: CN¥223.4m (up 12% from 1Q 2023). Profit margin: 3.9% (down from 4.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 27
Ningbo Huaxiang Electronic Co., Ltd. Proposes Final Dividend for 2023 Ningbo Huaxiang Electronic Co., Ltd. proposed final cash dividend of CNY 6.32000000 per 10 shares (tax included) for 2023. Announcement • Mar 30
Ningbo Huaxiang Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥1.35 (vs CN¥1.24 in FY 2022) Full year 2023 results: EPS: CN¥1.35 (up from CN¥1.24 in FY 2022). Revenue: CN¥23.1b (up 18% from FY 2022). Net income: CN¥1.10b (up 9.1% from FY 2022). Profit margin: 4.8% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 17x in the Auto Components industry in China. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.45 per share. Announcement • Dec 30
Ningbo Huaxiang Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Buying Opportunity • Oct 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.5%. The fair value is estimated to be CN¥17.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 9.4%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 52% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.73 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.40 (down from CN¥0.73 in 3Q 2022). Revenue: CN¥6.20b (up 6.2% from 3Q 2022). Net income: CN¥327.1m (down 27% from 3Q 2022). Profit margin: 5.3% (down from 7.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.39 (up from CN¥0.28 in 2Q 2022). Revenue: CN¥5.57b (up 41% from 2Q 2022). Net income: CN¥312.7m (up 86% from 2Q 2022). Profit margin: 5.6% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jun 08
Ningbo Huaxiang Electronic Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 14, 2023 Ningbo Huaxiang Electronic Co., Ltd. announced final cash dividend of CNY 2.50 per 10 shares on A shares for the year 2022. Record date is June 13, 2023, Ex-Date is June 14, 2023 and Payment Date is June 14, 2023. Announcement • May 23
Ningbo Huaxiang Electronic Co., Ltd. Approves Cash Dividend for 2022 Ningbo Huaxiang Electronic Co., Ltd. at the Annual General Meeting of 2022 on 19 May 2023, approved Cash dividend per 10 shares (tax included) of CNY 2.50000000. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.27 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.24. Revenue: CN¥4.64b (up 11% from 1Q 2022). Net income: CN¥199.7m (up 1.6% from 1Q 2022). Profit margin: 4.3% (down from 4.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Price Target Changed • Nov 16
Price target decreased to CN¥18.50 Down from CN¥21.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥14.91. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥2.02 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. Non-Independent Chairman Xiaofeng Zhou is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Nov 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥1.28 to CN¥1.51. Revenue forecast unchanged at CN¥19.1b. Net income forecast to grow 7.9% next year vs 73% growth forecast for Auto Components industry in China. Consensus price target of CN¥18.50 unchanged from last update. Share price rose 9.5% to CN¥14.94 over the past week. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. Non-Independent Chairman Xiaofeng Zhou is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.73 (vs CN¥0.48 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.73 (up from CN¥0.48 in 3Q 2021). Revenue: CN¥5.83b (up 33% from 3Q 2021). Net income: CN¥450.7m (up 53% from 3Q 2021). Profit margin: 7.7% (up from 6.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Oct 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. Non-Independent Chairman Xiaofeng Zhou is the most experienced director on the board, commencing their role in 2005. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 15
Ningbo Huaxiang Electronic Co., Ltd. Approves Election of Yang Shuqing as Independent Director Ningbo Huaxiang Electronic Co., Ltd. at its Extraordinary General Meeting held on 13 September 2022, approved election of Yang Shuqing as an independent director. Buying Opportunity • Sep 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.0%. The fair value is estimated to be CN¥17.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 9.7%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 19% in the next year. Major Estimate Revision • Sep 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥1.63 to CN¥1.28. Revenue forecast unchanged from CN¥19.1b at last update. Net income forecast to grow 19% next year vs 67% growth forecast for Auto Components industry in China. Consensus price target of CN¥18.50 unchanged from last update. Share price fell 11% to CN¥13.90 over the past week. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.65 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.65 in 2Q 2021). Revenue: CN¥3.95b (down 5.1% from 2Q 2021). Net income: CN¥168.6m (down 59% from 2Q 2021). Profit margin: 4.3% (down from 9.8% in 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 36% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Announcement • Jun 10
Ningbo Huaxiang Electronic Co., Ltd. Approves 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 15, 2022 Ningbo Huaxiang Electronic Co., Ltd. approved 2021 final profit distribution plan to be implemented (A shares), payable on June 15, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 1.24717500. The record date is June 14, 2022 and Ex-date is June 15, 2022. Announcement • May 21
Ningbo Huaxiang Electronic Co., Ltd. Approves Cash Dividend for 2021 Ningbo Huaxiang Electronic Co., Ltd. held its Annual General Meeting of 2021 on May 19, 2022, approved Cash dividend (tax included) of CNY 1.23000000 per 10 shares. Announcement • May 02
Ningbo Huaxiang Electronic Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Ningbo Huaxiang Electronic Co., Ltd. proposed final cash dividend of CNY 1.23000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Apr 30
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥2.02 (up from CN¥1.36 in FY 2020). Revenue: CN¥17.6b (up 4.1% from FY 2020). Net income: CN¥1.26b (up 49% from FY 2020). Profit margin: 7.2% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 35%. Over the next year, revenue is forecast to grow 18%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥26.20 Up from CN¥21.00, the current price target is provided by 1 analyst. New target price is 94% above last closing price of CN¥13.53. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥1.50 for next year compared to CN¥1.36 last year. Announcement • Apr 26
Ningbo Huaxiang Electronic Co., Ltd. to Report Fiscal Year 2021 Results on Apr 29, 2022 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report fiscal year 2021 results on Apr 29, 2022 Buying Opportunity • Feb 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥22.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% per annum over the last 3 years. Earnings per share has grown by 15% per annum over the last 3 years. Announcement • Jan 25
Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) announces an Equity Buyback for CNY 215 million worth of its shares. Ningbo Huaxiang Electronic Co., Ltd. (SZSE:002048) announces a share repurchase program. Under the program, the company will repurchase up to CNY 215 million worth of shares. The program is valid for 6 months. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥20.76, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 132% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.52 per share. Buying Opportunity • Jan 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 7.4%. The fair value is estimated to be CN¥28.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% per annum over the last 3 years. Earnings per share has grown by 15% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥20.28, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 24x in the Auto Components industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.97 per share. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.45 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥4.40b (down 2.6% from 3Q 2020). Net income: CN¥295.1m (up 3.6% from 3Q 2020). Profit margin: 6.7% (up from 6.3% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥22.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 118% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.65 (vs CN¥0.39 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥4.16b (flat on 2Q 2020). Net income: CN¥409.2m (up 69% from 2Q 2020). Profit margin: 9.8% (up from 5.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.77, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 83% over the past three years. Announcement • May 22
Ningbo Huaxiang Electronic Co., Ltd. Approves Final Profit Distribution Proposal for 2020 Ningbo Huaxiang Electronic Co., Ltd. at its AGM held on May 20, 2021, approved final profit distribution proposal of CNY 5.00000000 per 10 shares (tax included) for 2020. Announcement • Apr 29
Ningbo Huaxiang Electronic Co., Ltd. Announces Final Profit Distribution Proposal for 2020 Ningbo Huaxiang Electronic Co., Ltd. announced final profit distribution proposal of CNY 5.00000000 per 10 shares (tax included) for 2020. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥4.33b (up 58% from 1Q 2020). Net income: CN¥238.5m (up 197% from 1Q 2020). Profit margin: 5.5% (up from 2.9% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥17.27 The company is up 2.0% from its price of CN¥17.00 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥72.69 per share. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥15.25 The company is down 7.0% from its price of CN¥16.35 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥71.16 per share. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥15.30 The company is down 11% from its price of CN¥17.28 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥72.11 per share. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥15.40 The company is down 12% from its price of CN¥17.48 on 11 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 Auto Components 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¥72.37 per share. Major Estimate Revision • Nov 03
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from CN¥1.48 to CN¥1.32. Revenue estimate was approximately flat at CN¥16.6b. Net income is expected to grow by 25% next year compared to 32% growth forecast for the Auto Components industry in China. The consensus price target of CN¥21.00 was unchanged from the last update. Share price is up 6.1% to CN¥16.67 over the past week. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥876.3m, down 2.4% from the prior year. Total revenue was CN¥16.7b over the last 12 months, up 4.9% from the prior year. Announcement • Oct 20
Ningbo Huaxiang Electronic Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Is New 90 Day High Low • Oct 19
New 90-day low: CN¥15.95 The company is down 7.0% from its price of CN¥17.20 on 21 July 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥81.55 per share. Announcement • Aug 10
Ningbo Huaxiang Electronic Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Ningbo Huaxiang Electronic Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 