New Risk • May 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% 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). Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.62 in FY 2024) Full year 2025 results: EPS: CN¥0.16 (down from CN¥0.62 in FY 2024). Revenue: CN¥1.83b (up 3.1% from FY 2024). Net income: CN¥21.1m (down 74% from FY 2024). Profit margin: 1.2% (down from 4.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Apr 29
Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 21, 2026 Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Bekanntmachung • Mar 31
Guangdong Hongxing Industrial Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Guangdong Hongxing Industrial Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Bekanntmachung • Dec 31
Guangdong Hongxing Industrial Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Guangdong Hongxing Industrial Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.07 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.04 (down from CN¥0.07 in 3Q 2024). Revenue: CN¥406.0m (up 2.4% from 3Q 2024). Net income: CN¥5.74m (down 37% from 3Q 2024). Profit margin: 1.4% (down from 2.3% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Sep 30
Guangdong Hongxing Industrial Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Guangdong Hongxing Industrial Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Bekanntmachung • Jul 02
Guangdong Hongxing Industrial Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Guangdong Hongxing Industrial Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.0% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Bekanntmachung • Apr 25
Guangdong Hongxing Industrial Co., Ltd. Proposes Final Cash Dividend for 2024 Guangdong Hongxing Industrial Co., Ltd. announced on 24 April 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY2.00000000. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.62 (vs CN¥0.66 in FY 2023) Full year 2024 results: EPS: CN¥0.62 (down from CN¥0.66 in FY 2023). Revenue: CN¥1.78b (up 11% from FY 2023). Net income: CN¥80.3m (down 7.9% from FY 2023). Profit margin: 4.5% (down from 5.5% in FY 2023). 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 8% per year. Bekanntmachung • Apr 24
Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 15, 2025 Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: 4F, No. 45, Tianhe Road, Yuexiu District, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥17.23, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 25x in the Luxury industry in China. Total returns to shareholders of 15% over the past three years. Bekanntmachung • Mar 31
Guangdong Hongxing Industrial Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Guangdong Hongxing Industrial Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.64, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 26x in the Luxury industry in China. Total returns to shareholders of 5.9% over the past three years. Bekanntmachung • Feb 25
Guangdong Hongxing Industrial Co., Ltd. Announces Management Appointments Guangdong Hongxing Industrial Co., Ltd. at its Extraordinary General Meeting of 2025 held on 21 February 2025, approved the appointment of Guo Wuwen as non-independent director; Wang Keming and Zhu Shaobo independent directors; Su Qiwen and Chen Weixuan as non-employee supervisors. Bekanntmachung • Dec 31
Guangdong Hongxing Industrial Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Guangdong Hongxing Industrial Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 New Risk • Dec 06
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 11% 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 19% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥17.73, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 23x in the Luxury industry in China. Total returns to shareholders of 1.8% over the past three years. Bekanntmachung • Sep 30
Guangdong Hongxing Industrial Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Guangdong Hongxing Industrial Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥11.52, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 18x in the Luxury industry in China. Total loss to shareholders of 39% over the past three years. Bekanntmachung • Jul 12
Guangdong Hongxing Industrial Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 19 July 2024 Guangdong Hongxing Industrial Co., Ltd. announced final cash dividend (tax included) on A shares of CNY 1.00000000 per 10 shares for the year 2023. Record date is 18 July 2024. Ex-date is 19 July 2024. Payment date is 19 July 2024. Bekanntmachung • Jun 29
Guangdong Hongxing Industrial Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Guangdong Hongxing Industrial Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Bekanntmachung • May 26
Guangdong Hongxing Industrial Co., Ltd. Approves Cash Dividend for the Year 2023 Guangdong Hongxing Industrial Co., Ltd. at its Annual General Meeting held on 23 May 2024, approved cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2023. Bekanntmachung • Apr 28
Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 23, 2024 Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: 4F, No. 45, Tianhe Road, Yuexiu District, Guangzhou, Guangdong 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 2023 remuneration appraisal results for directors and 2024 remuneration plan; to consider 2023 performance appraisal results of supervisors and 2024 remuneration plan; to consider adjustment of the internal investment structure of a project financed with raised funds; and to consider other matters. Bekanntmachung • Apr 27
Guangdong Hongxing Industrial Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Guangdong Hongxing Industrial Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2023. Bekanntmachung • Mar 30
Guangdong Hongxing Industrial Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Guangdong Hongxing Industrial Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥17.23, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 24x in the Luxury industry in China. Total returns to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.25, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 23x in the Luxury industry in China. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to CN¥11.41, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 21x in the Luxury industry in China. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.65, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 27x in the Luxury industry in China. Total returns to shareholders of 19% over the past year. New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.5% 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: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Bekanntmachung • Dec 30
Guangdong Hongxing Industrial Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Guangdong Hongxing Industrial Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Bekanntmachung • Sep 30
Guangdong Hongxing Industrial Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Guangdong Hongxing Industrial Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Bekanntmachung • Jul 01
Guangdong Hongxing Industrial Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Guangdong Hongxing Industrial Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 New Risk • Jun 30
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 6.9% 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: Major Risks Earnings have declined by 0.2% per year over the past 5 years. High level of non-cash earnings (43% accrual ratio). Minor Risks Dividend is not well covered by cash flows (null cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). 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¥13.94, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 29x in the Luxury industry in China. Total loss to shareholders of 7.2% over the past year. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.35, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 28x in the Luxury industry in China. Total loss to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥13.62, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 28x in the Luxury industry in China. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥17.60, the stock trades at a trailing P/E ratio of 70.5x. Average trailing P/E is 29x in the Luxury industry in China. Total loss to shareholders of 2.9% over the past year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥17.22, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 22x in the Luxury industry in China. Total loss to shareholders of 11% over the past year. Bekanntmachung • May 07
Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 20, 2022 Guangdong Hongxing Industrial Co., Ltd., Annual General Meeting, May 20, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider performance appraisal for directors and senior management in 2021 and 2022 remuneration plan; to consider performance appraisal for supervisors in 2021 and 2022 remuneration plan; to consider change of the purpose of some raised funds in a project to increase capital in wholly-owned subsidiaries for implementing new projects; to consider an investment in construction of a base by wholly-owned subsidiaries; and to consider reappointment of 2022 audit firm. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥19.17, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 19x in the Luxury industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. 
