Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥32.80, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 241% over the past three years. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.97, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.77, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 103% over the past three years. New Risk • Apr 28
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 9.8% 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 (9.8% average weekly change). High level of non-cash earnings (20% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 22
Jiangsu Huahong Technology Co., Ltd. announced that it expects to receive CNY 300 million in funding Jiangsu Huahong Technology Co., Ltd. announced a private placement to issue A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 300,000,000 on April 20, 2026. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 33rd Meeting of the 7th Directorate and is subject to Company’s Annual Shareholders Meeting of 2025 for approval. The transaction will include participation from not more than 35 investors. Reported Earnings • Apr 22
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.62 loss in FY 2024). Revenue: CN¥7.84b (up 41% from FY 2024). Net income: CN¥204.3m (up CN¥559.9m from FY 2024). Profit margin: 2.6% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Apr 22
Jiangsu Huahong Technology Co., Ltd., Annual General Meeting, May 15, 2026 Jiangsu Huahong Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 3F, No. 1118, Chengyang Road, Jiangyin, Jiangsu China Announcement • Mar 31
Jiangsu Huahong Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Huahong Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 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 8.2% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 31
Jiangsu Huahong Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Jiangsu Huahong Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.001 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.001 in 3Q 2024). Revenue: CN¥2.30b (up 70% from 3Q 2024). Net income: CN¥116.9m (up CN¥116.4m from 3Q 2024). Profit margin: 5.1% (up from 0% in 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Jiangsu Huahong Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu Huahong Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Price Target Changed • Sep 06
Price target increased by 163% to CN¥21.00 Up from CN¥8.00, the current price target is provided by 1 analyst. New target price is 39% above last closing price of CN¥15.16. Stock is up 149% over the past year. The company is forecast to post earnings per share of CN¥0.47 next year compared to a net loss per share of CN¥0.62 last year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.084 (vs CN¥0.051 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.084 (up from CN¥0.051 in 2Q 2024). Revenue: CN¥1.72b (up 16% from 2Q 2024). Net income: CN¥48.5m (up 62% from 2Q 2024). Profit margin: 2.8% (up from 2.0% in 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 48% 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 48% per year over the past 5 years. Announcement • Jul 02
Jiangsu Huahong Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Jiangsu Huahong Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 25
Full year 2024 earnings released: CN¥0.62 loss per share (vs CN¥0.28 loss in FY 2023) Full year 2024 results: CN¥0.62 loss per share (further deteriorated from CN¥0.28 loss in FY 2023). Revenue: CN¥5.58b (down 19% from FY 2023). Net loss: CN¥355.6m (loss widened 124% from FY 2023). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Apr 25
Jiangsu Huahong Technology Co., Ltd., Annual General Meeting, May 23, 2025 Jiangsu Huahong Technology Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China New Risk • Apr 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 7.7% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 31
Jiangsu Huahong Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Huahong Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Jiangsu Huahong Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Jiangsu Huahong Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.055 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.055 in 3Q 2023). Revenue: CN¥1.35b (down 26% from 3Q 2023). Net income: CN¥501.4k (down 98% from 3Q 2023). Profit margin: 0% (down from 1.8% in 3Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. 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. Announcement • Sep 30
Jiangsu Huahong Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Jiangsu Huahong Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.22 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.22 loss in 2Q 2023). Revenue: CN¥1.49b (down 16% from 2Q 2023). Net income: CN¥29.9m (up CN¥156.2m from 2Q 2023). Profit margin: 2.0% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Jiangsu Huahong Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu Huahong Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • May 08
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 12% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Announcement • Apr 28
Jiangsu Huahong Technology Co., Ltd., Annual General Meeting, May 17, 2024 Jiangsu Huahong Technology Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Agenda: 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 Reappointment of audit firm; to consider 2023 annual report and its summary; to consider Purchase of liability insurance for directors, supervisors and senior management; to consider 2024 annual allowance for independent directors; to consider 2024 application for comprehensive credit line by the Company and subsidiaries; to consider 2024 estimated external guarantee quota of the Company and subsidiaries; to consider Application for buyer's credit line; to consider Resignation and by-election of independent directors; to consider Authorization to the board to handle matters regarding the share offering to specific parties via a simplified procedure. Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.048 loss per share (vs CN¥0.10 loss in 1Q 2023) First quarter 2024 results: CN¥0.048 loss per share (improved from CN¥0.10 loss in 1Q 2023). Revenue: CN¥1.21b (down 31% from 1Q 2023). Net loss: CN¥27.7m (loss narrowed 53% from 1Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Jiangsu Huahong Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Huahong Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Mar 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to CN¥11.35. The fair value is estimated to be CN¥9.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 15
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 9.7% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Announcement • Mar 08
Zhou Shijie completed the acquisition of an additional 6.88% stake in Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) from Zhou Jingcheng. Zhou Shijie signed Equity Transfer Agreement to acquire an additional 6.88% stake in Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) from Zhou Jingcheng on December 25, 2023.Zhou Shijie completed the acquisition of an additional 6.88% stake in Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) from Zhou Jingcheng on December 25, 2023. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Feb 05
Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) announces an Equity Buyback for CNY 30 million worth of its shares. Jiangsu Huahong Technology Co., Ltd. (SZSE:002645) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 15.68 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The program will be valid for 12 months. Buy Or Sell Opportunity • Jan 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.8% to CN¥10.41. The fair value is estimated to be CN¥8.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 30
Jiangsu Huahong Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangsu Huahong Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.055 (vs CN¥0.024 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.055 (up from CN¥0.024 in 3Q 2022). Revenue: CN¥1.84b (down 2.7% from 3Q 2022). Net income: CN¥32.1m (up 127% from 3Q 2022). Profit margin: 1.8% (up from 0.8% in 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 27
Jiangsu Huahong Technology Co., Ltd. Announces Final Dividend on Share A for 2022, Payable on June 1, 2023 Jiangsu Huahong Technology Co., Ltd. announced final Cash dividend/10 shares (tax included): CNY 2.00000000 on share A for 2022. Record date: 31 May 2023, Ex-date: 01 June 2023, Payment date: 01 June 2023. Announcement • May 24
Jiangsu Huahong Technology Co., Ltd. Announces Board Appointments Jiangsu Huahong Technology Co., Ltd. held its Annual General Meeting of 2022 on 19 May 2023, approved the election Of non-independent directors: Zhou Shijie. Election of non-employee supervisors: Chen Wei. Announcement • May 23
Ajiangsu Huahong Technology Co., Ltd. Approves Cash Dividend for the Year 2022 Jiangsu Huahong Technology Co., Ltd. held its Annual General Meeting of 2022 on 19 May 2023, approved Cash dividend (tax included) of CNY 2.00000000 per 10 shares. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.10 loss per share (vs CN¥0.33 profit in 1Q 2022) First quarter 2023 results: CN¥0.10 loss per share (down from CN¥0.33 profit in 1Q 2022). Revenue: CN¥1.76b (down 24% from 1Q 2022). Net loss: CN¥59.1m (down 131% from profit in 1Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.88, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.80 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥17.68, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.90 per share. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥14.47, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Machinery 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¥10.34 per share. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.024 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.024 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥1.89b (up 8.3% from 3Q 2021). Net income: CN¥14.2m (down 89% from 3Q 2021). Profit margin: 0.8% (down from 7.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.21 in 2Q 2021). Revenue: CN¥2.31b (up 30% from 2Q 2021). Net income: CN¥133.6m (up 9.6% from 2Q 2021). Profit margin: 5.8% (down from 6.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 20%, compared to a 36% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥24.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 190% over the past three years. Announcement • Jun 08
Jiangsu Huahong Technology Co., Ltd. Implements A Shares Final Cash Distribution for 2021, Payable on June 13, 2022 Jiangsu Huahong Technology Co., Ltd. implemented A shares final cash distribution of CNY 1.00000000 per 10 shares for 2021. Record date: June 10 2022. Ex-date: June 13 2022. Payment date: June 13 2022. Announcement • May 18
Jiangsu Huahong Technology Co., Ltd. Approves Cash Dividend Jiangsu Huahong Technology Co., Ltd. at the AGM held on 13 May 2022, approved cash dividend (tax included) of CNY 1.00000000 per 10 shares. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.23 in 1Q 2021). Revenue: CN¥2.35b (up 70% from 1Q 2021). Net income: CN¥254.1m (up 89% from 1Q 2021). Profit margin: 11% (up from 9.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 28%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Non-Independent Director Dayong Zhu is the most experienced director on the board, commencing their role in 2020. 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 • Apr 20
Jiangsu Huahong Technology Co., Ltd. Announces Final Cash Dividend Proposal for 2021 Jiangsu Huahong Technology Co., Ltd. announced the profit distribution proposal for 2021. The company announced final cash dividend/10 shares (tax included) of CNY 1.00000000. Reported Earnings • Apr 03
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.91 (up from CN¥0.42 in FY 2020). Revenue: CN¥6.78b (up 101% from FY 2020). Net income: CN¥532.5m (up 136% from FY 2020). Profit margin: 7.9% (up from 6.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 39% per year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥18.99, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 182% over the past three years. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥22.70, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 41x in the Machinery industry in China. Total returns to shareholders of 276% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.16 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.74b (up 62% from 3Q 2020). Net income: CN¥133.9m (up 47% from 3Q 2020). Profit margin: 7.7% (down from 8.5% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥18.12, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥23.40, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 215% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.77b (up 96% from 2Q 2020). Net income: CN¥121.9m (up 104% from 2Q 2020). Profit margin: 6.9% (up from 6.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.35, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥18.16, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 107% over the past three years. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.029 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.39b (up 380% from 1Q 2020). Net income: CN¥134.8m (up CN¥119.2m from 1Q 2020). Profit margin: 9.7% (up from 5.4% 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 13% per year whereas the company’s share price has increased by 17% per year. Announcement • Mar 09
Jiangsu Huahong Technology Stock Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Jiangsu Huahong Technology Stock Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Feb 23
New 90-day high: CN¥11.23 The company is up 21% from its price of CN¥9.26 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥10.65, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 23.8x. This compares to an average P/E of 34x in the Machinery industry in China. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Jan 22
New 90-day high: CN¥10.85 The company is up 24% from its price of CN¥8.72 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.86, the stock is trading at a trailing P/E ratio of 25.5x, up from the previous P/E ratio of 21.9x. This compares to an average P/E of 35x in the Machinery industry in China. Total returns to shareholders over the past three years are 2.4%. Is New 90 Day High Low • Dec 14
New 90-day high: CN¥9.65 The company is up 6.0% from its price of CN¥9.09 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥8.22 The company is down 15% from its price of CN¥9.69 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 Machinery industry, which is up 4.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥195.9m, up 6.2% from the prior year. Total revenue was CN¥2.73b over the last 12 months, up 24% from the prior year. Announcement • Oct 19
Jiangsu Huahong Technology Stock Co., Ltd. to Report Q3, 2020 Results on Oct 26, 2020 Jiangsu Huahong Technology Stock Co., Ltd. announced that they will report Q3, 2020 results on Oct 26, 2020 Announcement • Aug 08
Jiangsu Huahong Technology Stock Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Jiangsu Huahong Technology Stock Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 
