Reported Earnings • Jul 31
Second quarter 2026 earnings released: EPS: CN¥0.085 (vs CN¥0.072 loss in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.085 (up from CN¥0.072 loss in 2Q 2025). Revenue: CN¥205.6m (up 22% from 2Q 2025). Net income: CN¥6.61m (up CN¥12.0m from 2Q 2025). Profit margin: 3.2% (up from net loss in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 127 percentage points per year, which is a significant difference in performance. Annonce • Jun 30
Hangzhou Heshun Technology Co.,LTD. to Report First Half, 2026 Results on Jul 31, 2026 Hangzhou Heshun Technology Co.,LTD. announced that they will report first half, 2026 results on Jul 31, 2026 New Risk • Jun 20
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 11% 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 (11% average weekly change). Earnings have declined by 75% per year over the past 5 years. Annonce • Apr 01
Hangzhou Heshun Technology Co.,LTD. announced that it expects to receive CNY 300 million in funding Hangzhou Heshun Technology Co.,LTD. has announced private placement to issue A shares not more than 30% of total share capital 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 not more then CNY 300,000,000. The transaction will include investor participation not more than 35 investors. The transaction is approved by 4th directorate in 12th meeting of proposal about submitting a proposal to the shareholders meeting to authorize the directorate to Implement a simplified private placement of shares. The transaction is subject to approval of company’s annual shareholders . All the securities issued in the offering is subject to a hold period of 6 months from date of issuance. Annonce • Mar 31
Hangzhou Heshun Technology Co.,LTD. to Report Q1, 2026 Results on Apr 23, 2026 Hangzhou Heshun Technology Co.,LTD. announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: CN¥2.32 loss per share (vs CN¥0.59 loss in FY 2024) Full year 2025 results: CN¥2.32 loss per share (further deteriorated from CN¥0.59 loss in FY 2024). Revenue: CN¥595.4m (up 18% from FY 2024). Net loss: CN¥181.7m (loss widened 286% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 144 percentage points per year, which is a significant difference in performance. Annonce • Mar 31
Hangzhou Heshun Technology Co.,LTD., Annual General Meeting, Apr 22, 2026 Hangzhou Heshun Technology Co.,LTD., Annual General Meeting, Apr 22, 2026, at 15:00 China Standard Time. Location: 2F, Office Building, No. 16, Zhangwan Road, Yuhang District, Hangzhou, Zhejiang China Annonce • Dec 31
Hangzhou Heshun Technology Co.,LTD. to Report Fiscal Year 2025 Results on Mar 31, 2026 Hangzhou Heshun Technology Co.,LTD. announced that they will report fiscal year 2025 results on Mar 31, 2026 New Risk • Dec 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 7.4% 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 Earnings have declined by 58% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.21 loss in 3Q 2024) Third quarter 2025 results: CN¥0.11 loss per share (improved from CN¥0.21 loss in 3Q 2024). Revenue: CN¥156.4m (up 16% from 3Q 2024). Net loss: CN¥8.64m (loss narrowed 49% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
Hangzhou Heshun Technology Co.,LTD. to Report Q3, 2025 Results on Oct 28, 2025 Hangzhou Heshun Technology Co.,LTD. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 27
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 7.0% 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 Earnings have declined by 58% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Annonce • Jul 02
Hangzhou Heshun Technology Co.,LTD. to Report First Half, 2025 Results on Aug 26, 2025 Hangzhou Heshun Technology Co.,LTD. announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • May 16
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 20th May 2025 Payment date: 20th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Reported Earnings • Apr 19
Full year 2024 earnings released: CN¥0.59 loss per share (vs CN¥0.18 profit in FY 2023) Full year 2024 results: CN¥0.59 loss per share (down from CN¥0.18 profit in FY 2023). Revenue: CN¥503.1m (up 19% from FY 2023). Net loss: CN¥47.1m (down 422% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annonce • Apr 19
Hangzhou Heshun Technology Co.,Ltd. Proposes Final Cash Dividend for 2024 Hangzhou Heshun Technology Co.,LTD. proposed final cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2024. Annonce • Apr 18
Hangzhou Heshun Technology Co.,LTD., Annual General Meeting, May 09, 2025 Hangzhou Heshun Technology Co.,LTD., Annual General Meeting, May 09, 2025, at 15:00 China Standard Time. Location: 2F, Office Building, No. 16, Zhangwan Road, Yuhang District, Hangzhou, Zhejiang China New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings have declined by 26% 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. This is currently the only risk that has been identified for the company. Annonce • Mar 31
Hangzhou Heshun Technology Co.,LTD. to Report Q1, 2025 Results on Apr 28, 2025 Hangzhou Heshun Technology Co.,LTD. announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Jan 12
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. This is currently the only risk that has been identified for the company. Annonce • Dec 31
Hangzhou Heshun Technology Co.,LTD. to Report Fiscal Year 2024 Results on Apr 18, 2025 Hangzhou Heshun Technology Co.,LTD. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.21 loss per share (vs CN¥0.079 profit in 3Q 2023) Third quarter 2024 results: CN¥0.21 loss per share (down from CN¥0.079 profit in 3Q 2023). Revenue: CN¥134.8m (up 8.1% from 3Q 2023). Net loss: CN¥16.8m (down 366% from profit in 3Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Annonce • Sep 30
Hangzhou Heshun Technology Co.,LTD. to Report Q3, 2024 Results on Oct 30, 2024 Hangzhou Heshun Technology Co.,LTD. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.076 loss per share (vs CN¥0.14 profit in 2Q 2023) Second quarter 2024 results: CN¥0.076 loss per share (down from CN¥0.14 profit in 2Q 2023). Revenue: CN¥131.3m (up 8.7% from 2Q 2023). Net loss: CN¥4.66m (down 141% from profit in 2Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Annonce • Jul 31
Hangzhou Heshun Technology Co.,Ltd. Announces Board Appointment Hangzhou Heshun Technology Co.,LTD. held its 2nd Extraordinary General Meeting of 2024 on 29 July 2024, approved the appointment of Li Bin, non-independent director, You Minwei, independent director, Xu Hanbiao, independent director. Zhao Yansong, non-employee supervisor, Shen Fang, non-employee supervisor. Annonce • Jun 29
Hangzhou Heshun Technology Co.,LTD. to Report First Half, 2024 Results on Aug 30, 2024 Hangzhou Heshun Technology Co.,LTD. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 29
First quarter 2024 earnings released: CN¥0.01 loss per share (vs CN¥0.03 profit in 1Q 2023) First quarter 2024 results: CN¥0.01 loss per share (down from CN¥0.03 profit in 1Q 2023). Revenue: CN¥100.1m (up 52% from 1Q 2023). Net loss: CN¥985.0k (down 141% from profit in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals industry in China. Reported Earnings • Apr 20
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.18 (down from CN¥0.87 in FY 2022). Revenue: CN¥421.5m (down 16% from FY 2022). Net income: CN¥14.6m (down 78% from FY 2022). Profit margin: 3.5% (down from 13% in FY 2022). Revenue exceeded analyst estimates by 6.2%. Earnings per share (EPS) missed analyst estimates by 55%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Annonce • Apr 20
Hangzhou Heshun Technology Co.,LTD., Annual General Meeting, May 13, 2024 Hangzhou Heshun Technology Co.,LTD., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: No. 16, Zhangwan Road, Yuhang District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥18.46, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Chemicals industry in China. Total loss to shareholders of 38% over the past year. Annonce • Mar 30
Hangzhou Heshun Technology Co.,LTD. to Report Q1, 2024 Results on Apr 29, 2024 Hangzhou Heshun Technology Co.,LTD. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥26.66, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 17% over the past year. Annonce • Feb 20
Hangzhou Heshun Technology Co.,LTD. (SZSE:301237) announces an Equity Buyback for CNY 40 million worth of its shares. Hangzhou Heshun Technology Co.,LTD. (SZSE:301237) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at no more than CNY 30 per share. The purpose of the program is to use the repurchased shares for employee stock ownership plan or equity incentive. The repurchases will be funded from company's own funds or loans from financial institutions. The plan will be valid for 3 months. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to CN¥16.01, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Chemicals industry in China. Total loss to shareholders of 49% over the past year. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 300% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). 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¥24.78, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Chemicals industry in China. Total loss to shareholders of 18% over the past year. Annonce • Dec 30
Hangzhou Heshun Technology Co.,LTD. to Report Fiscal Year 2023 Results on Apr 19, 2024 Hangzhou Heshun Technology Co.,LTD. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.079 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.079 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥124.7m (up 21% from 3Q 2022). Net income: CN¥6.33m (down 22% from 3Q 2022). Profit margin: 5.1% (down from 7.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.27 in 2Q 2022). Revenue: CN¥120.7m (down 16% from 2Q 2022). Net income: CN¥11.3m (down 47% from 2Q 2022). Profit margin: 9.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.49 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.49 in 1Q 2022). Revenue: CN¥65.7m (down 61% from 1Q 2022). Net income: CN¥2.42m (down 92% from 1Q 2022). Profit margin: 3.7% (down from 18% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Suyan Lin was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.47 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.47 in 3Q 2021). Revenue: CN¥102.9m (down 37% from 3Q 2021). Net income: CN¥8.10m (down 71% from 3Q 2021). Profit margin: 7.9% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.58 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27 (down from CN¥0.58 in 2Q 2021). Revenue: CN¥143.9m (down 9.5% from 2Q 2021). Net income: CN¥21.2m (down 39% from 2Q 2021). Profit margin: 15% (down from 22% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 19%, compared to a 40% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥42.11, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Chemicals industry in China. Annonce • May 19
Hangzhou Heshun Technology Co.,LTD. Announces 2021 Final Profit Distribution Plan, Payable on 24 May 2022 Hangzhou Heshun Technology Co.,LTD. announced the cash dividend of CNY 7.00000000 per 10 A shares (tax included). The dividend will paid on 24 May 2022 with record date of 23 May 2022 and ex-date is 24 May 2022. Annonce • May 18
Hangzhou Heshun Technology Co.,Ltd. Approves Cash Dividend Hangzhou Heshun Technology Co.,LTD. held its Annual General Meeting of 2021 on 13 May 2022, during which it approved: Cash dividend/10 shares (tax included): CNY 7.00000000. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.60 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.60 in 1Q 2021). Revenue: CN¥167.0m (up 9.1% from 1Q 2021). Net income: CN¥29.4m (down 19% from 1Q 2021). Profit margin: 18% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 21
Full year 2021 earnings released Full year 2021 results: EPS: CN¥2.06. Net income: CN¥123.7m (up CN¥123.7m from FY 2020). Annonce • Apr 20
Hangzhou Heshun Technology Announces Profit Distribution Proposal for 2021 Hangzhou Heshun Technology Co.,LTD. announced on 19 April 2022 the profit distribution proposal for 2021 as cash dividend/10 shares (tax included): CNY 7.00000000. 
