Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥40.35, the stock trades at a trailing P/E ratio of 79.3x. Average forward P/E is 42x in the Electronic industry in China. Total returns to shareholders of 118% over the past three years. Anuncio • Jun 30
Hanwei Electronics Group Corporation to Report First Half, 2026 Results on Aug 29, 2026 Hanwei Electronics Group Corporation announced that they will report first half, 2026 results on Aug 29, 2026 Anuncio • Apr 20
Hanwei Electronics Group Corporation, Annual General Meeting, May 08, 2026 Hanwei Electronics Group Corporation, Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: Building 7, No. 169, Xuesong Road, Zhengzhou Hi-tech Development Zone, Henan China Anuncio • Mar 31
Hanwei Electronics Group Corporation to Report Q1, 2026 Results on Apr 29, 2026 Hanwei Electronics Group Corporation announced that they will report Q1, 2026 results on Apr 29, 2026 Anuncio • Feb 04
Hanwei Electronics Group Corporation Announces Directorate Appointments Hanwei Electronics Co. Ltd. announced that at its Extraordinary General Meeting held on 02 February 2026, approved appointment of Shen Xianghua as independent director; Wu Yu as independent director and Liu Zhifei as independent director. Anuncio • Dec 31
Hanwei Electronics Group Corporation to Report Fiscal Year 2025 Results on Mar 31, 2026 Hanwei Electronics Group Corporation announced that they will report fiscal year 2025 results on Mar 31, 2026 Anuncio • Sep 30
Hanwei Electronics Group Corporation to Report Q3, 2025 Results on Oct 25, 2025 Hanwei Electronics Group Corporation announced that they will report Q3, 2025 results on Oct 25, 2025 Anuncio • Jul 02
Hanwei Electronics Group Corporation to Report First Half, 2025 Results on Aug 29, 2025 Hanwei Electronics Group Corporation announced that they will report first half, 2025 results on Aug 29, 2025 Anuncio • Apr 01
Hanwei Electronics Group Corporation Proposes Final Cash Dividend for the Year 2024 Hanwei Electronics Group Corporation proposed final cash dividend/10 shares (tax included) of CNY 0.40000000 for the year 2024. Anuncio • Mar 31
Hanwei Electronics Group Corporation to Report Q1, 2025 Results on Apr 29, 2025 Hanwei Electronics Group Corporation announced that they will report Q1, 2025 results on Apr 29, 2025 Anuncio • Mar 29
Hanwei Electronics Group Corporation, Annual General Meeting, Apr 25, 2025 Hanwei Electronics Group Corporation, Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhengzhou, Henan China Anuncio • Dec 31
Hanwei Electronics Group Corporation to Report Fiscal Year 2024 Results on Mar 29, 2025 Hanwei Electronics Group Corporation announced that they will report fiscal year 2024 results on Mar 29, 2025 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.62, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 14% over the past three years. Anuncio • Oct 25
Hanwei Electronics Group Corporation Proposes Dividend for the Third Quarter of 2024 Hanwei Electronics Group Corporation proposed dividend of CNY 0.30000000 per 10 shares for the third quarter of 2024. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.14 in 3Q 2023). Revenue: CN¥456.0m (up 1.7% from 3Q 2023). Net income: CN¥28.2m (down 38% from 3Q 2023). Profit margin: 6.2% (down from 10% in 3Q 2023). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic 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 only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.05, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥16.24, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years. Anuncio • Sep 30
Hanwei Electronics Group Corporation to Report Q3, 2024 Results on Oct 24, 2024 Hanwei Electronics Group Corporation announced that they will report Q3, 2024 results on Oct 24, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥520.4m (up 2.4% from 2Q 2023). Net income: CN¥37.1m (down 34% from 2Q 2023). Profit margin: 7.1% (down from 11% in 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 19% per year. Anuncio • Jun 29
Hanwei Electronics Group Corporation to Report First Half, 2024 Results on Aug 27, 2024 Hanwei Electronics Group Corporation announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • May 25
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 17% lower than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (25% 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 increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Anuncio • May 25
Hanwei Electronics Group Corporation Announces Final Dividend on A Shares for the Year 2023, Payable on 29 May 2024 Hanwei Electronics Group Corporation announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2023. Record date is 28 May 2024. Ex-date is 29 May 2024. Payment date is 29 May 2024. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.04 (in line with 1Q 2023). Revenue: CN¥593.4m (up 1.5% from 1Q 2023). Net income: CN¥14.5m (up 2.9% from 1Q 2023). Profit margin: 2.4% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.85 in FY 2022) Full year 2023 results: EPS: CN¥0.40 (down from CN¥0.85 in FY 2022). Revenue: CN¥2.29b (down 4.5% from FY 2022). Net income: CN¥130.8m (down 53% from FY 2022). Profit margin: 5.7% (down from 12% in FY 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Anuncio • Apr 10
Hanwei Electronics Group Corporation, Annual General Meeting, May 07, 2024 Hanwei Electronics Group Corporation, Annual General Meeting, May 07, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhengzhou, Henan China Anuncio • Mar 30
Hanwei Electronics Group Corporation to Report Q1, 2024 Results on Apr 27, 2024 Hanwei Electronics Group Corporation announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.26, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 32x in the Electronic industry in China. Total loss to shareholders of 5.3% over the past three years. Anuncio • Dec 29
Hanwei Electronics Group Corporation to Report Fiscal Year 2023 Results on Mar 30, 2024 Hanwei Electronics Group Corporation announced that they will report fiscal year 2023 results on Mar 30, 2024 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥20.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. New Risk • Nov 14
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: 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). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.27 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.27 in 3Q 2022). Revenue: CN¥448.4m (down 23% from 3Q 2022). Net income: CN¥45.5m (down 47% from 3Q 2022). Profit margin: 10% (down from 15% in 3Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥508.4m (down 13% from 2Q 2022). Net income: CN¥55.8m (down 40% from 2Q 2022). Profit margin: 11% (down from 16% in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jun 24
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 9.1% 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 (9.1% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.71, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.02, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 54% over the past three years. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥0.85 (vs CN¥0.87 in FY 2021) Full year 2022 results: EPS: CN¥0.85. Revenue: CN¥2.40b (up 3.4% from FY 2021). Net income: CN¥276.2m (up 4.9% from FY 2021). Profit margin: 12% (in line with FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Anuncio • Feb 18
Zhengzhou Water Investment H completed the acquisition of 65% stake in Zhengzhou Hanwei Public Utilities Technology Co., Ltd. from Hanwei Electronics Group Corporation (SZSE:300007). Zhengzhou Water Investment H agreed to acquire a 65% stake in Zhengzhou Hanwei Public Utilities Technology Co., Ltd. from Hanwei Electronics Group Corporation (SZSE:300007) for approximately CNY 490 million on November 11, 2022. Post acquisition, Hanwei Electronics Group Corporation will no longer hold stake in Zhengzhou Hanwei Public. For the period September 30, 2022, Zhengzhou Hanwei Public reported CNY 516.1079 million of Total owners’ equity and CNY 1318.2976 million.
Zhengzhou Water Investment H completed the acquisition of 65% stake in Zhengzhou Hanwei Public Utilities Technology Co., Ltd. from Hanwei Electronics Group Corporation (SZSE:300007) on February 16, 2023. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Huanhuan Yi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 18
Third quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥581.9m (up 19% from 3Q 2021). Net income: CN¥85.8m (up 22% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.33 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.33 in 2Q 2021). Revenue: CN¥586.3m (up 2.7% from 2Q 2021). Net income: CN¥92.7m (down 4.0% from 2Q 2021). Profit margin: 16% (down from 17% in 2Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥19.56, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥23.78, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥594.3m (up 12% from 1Q 2021). Net income: CN¥51.5m (up 22% from 1Q 2021). Profit margin: 8.7% (up from 8.0% in 1Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Lizhang Wang is the most experienced director on the board, commencing their role in 2020. Independent Director Huanhuan Yi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.87 (vs CN¥0.70 in FY 2020) Full year 2021 results: EPS: CN¥0.87 (up from CN¥0.70 in FY 2020). Revenue: CN¥2.32b (up 19% from FY 2020). Net income: CN¥263.2m (up 28% from FY 2020). Profit margin: 11% (in line with FY 2020). Over the next year, revenue is forecast to grow 26%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥25.55, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥30.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 201% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥23.28, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 150% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.18 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥489.9m (up 11% from 3Q 2020). Net income: CN¥70.2m (up 36% from 3Q 2020). Profit margin: 14% (up from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.32 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥571.1m (up 15% from 2Q 2020). Net income: CN¥96.6m (up 3.0% from 2Q 2020). Profit margin: 17% (down from 19% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥22.19, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.89, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.10 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥529.4m (up 29% from 1Q 2020). Net income: CN¥42.3m (up 42% from 1Q 2020). Profit margin: 8.0% (up from 7.3% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 07
Revenue misses expectations Revenue missed analyst estimates by 8.9%. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the Electronic industry in China. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS CN¥0.70 (vs CN¥0.35 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.94b (up 6.5% from FY 2019). Net income: CN¥204.6m (up CN¥308.4m from FY 2019). Profit margin: 11% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥13.99 The company is down 27% from its price of CN¥19.08 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 Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥14.18 The company is down 24% from its price of CN¥18.56 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥14.90 The company is down 8.0% from its price of CN¥16.25 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 Electronic industry, which is up 3.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥49.3m, with earnings decreasing by CN¥139.3m from the prior year. Total revenue was CN¥1.89b over the last 12 months, up 10% from the prior year.