Buy Or Sell Opportunity • Jul 14
Now 21% overvalued Over the last 90 days, the stock has fallen 2.0% to CN¥67.98. The fair value is estimated to be CN¥56.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 86% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥69.53, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 44x in the Electronic industry in China. Total returns to shareholders of 244% over the past three years. Annonce • Jun 30
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Board Change • Jun 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Independent Director Kai Zheng was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 08
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 8.4% 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: 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 (8.4% average weekly change). Annonce • Mar 31
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Annonce • Mar 20
Suzhou Hengmingda Electronic Technology Co., Ltd., Annual General Meeting, Apr 13, 2026 Suzhou Hengmingda Electronic Technology Co., Ltd., Annual General Meeting, Apr 13, 2026, at 14:30 China Standard Time. Location: 1F, Office Building, No. 1568, Shipai Taji Road, Bacheng Town, Kunshan, Jiangsu China Annonce • Dec 31
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Annonce • Sep 30
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Annonce • Jul 02
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Annonce • Apr 22
Suzhou Hengmingda Electronic Technology Co., Ltd. Approves Cash Dividend for the Year 2024 Suzhou Hengmingda Electronic Technology Co., Ltd. at its Annual General Meeting of 2024 held on 18 April 2025, approved 2024 profit distribution plan as: Cash dividend/10 shares (tax included): CNY 6.00000000. Annonce • Apr 10
Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947) announces an Equity Buyback for CNY 60 million worth of its shares. Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its ordinary A shares. The shares will be purchased at a price not exceeding CNY 57.30 per share. The program will be funded via own funds. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 12 months. Annonce • Apr 01
Suzhou Hengmingda Electronic Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Suzhou Hengmingda Electronic Technology Co., Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 6.00000000. Annonce • Mar 31
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Annonce • Mar 29
Suzhou Hengmingda Electronic Technology Co., Ltd., Annual General Meeting, Apr 18, 2025 Suzhou Hengmingda Electronic Technology Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: 1F, No. 1568, Shipai Taji Road, Bacheng Town, Kunshan, Jiangsu China Annonce • Dec 31
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 16, 2025 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.60 (up from CN¥0.44 in 3Q 2023). Revenue: CN¥757.6m (up 41% from 3Q 2023). Net income: CN¥147.0m (up 46% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥39.55, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Buy Or Sell Opportunity • Oct 18
Now 30% overvalued The stock has been flat over the last 90 days, currently trading at CN¥36.50. The fair value is estimated to be CN¥28.14, 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. Earnings per share has grown by 64%. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.27, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 66% over the past three years. Buy Or Sell Opportunity • Sep 30
Now 21% overvalued Over the last 90 days, the stock has fallen 2.8% to CN¥34.27. The fair value is estimated to be CN¥28.24, 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. Earnings per share has grown by 64%. Annonce • Sep 30
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥36.66, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 71% over the past three years. Buy Or Sell Opportunity • Aug 29
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to CN¥34.66. The fair value is estimated to be CN¥28.20, 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. Earnings per share has grown by 64%. New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: 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 (7.1% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.23 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.41 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥516.3m (up 62% from 2Q 2023). Net income: CN¥93.4m (up 76% from 2Q 2023). Profit margin: 18% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annonce • Aug 21
Suzhou Hengmingda Electronic Technology Co., Ltd. announced a financing transaction Suzhou Hengmingda Electronic Technology Co., Ltd. announced a private placement that it will issue 26,042,021 restricted A shares of the company to receive funding on August 21, 2024. New Risk • Aug 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 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: 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 (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥34.83, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.88, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 89% over the past three years. Annonce • Jun 29
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Upcoming Dividend • May 02
Upcoming dividend of CN¥0.50 per share Eligible shareholders must have bought the stock before 09 May 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Chinese dividend payers (2.4%). In line with average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥33.86, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 99% over the past three years. Annonce • Apr 02
Suzhou Hengmingda Electronic Technology Co., Ltd., Annual General Meeting, Apr 23, 2024 Suzhou Hengmingda Electronic Technology Co., Ltd., Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥1.23 (vs CN¥0.84 in FY 2022) Full year 2023 results: EPS: CN¥1.23 (up from CN¥0.84 in FY 2022). Revenue: CN¥1.82b (up 18% from FY 2022). Net income: CN¥281.4m (up 46% from FY 2022). Profit margin: 16% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • Mar 30
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.60, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 44% over the past three years. Annonce • Feb 08
Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947) announces an Equity Buyback for CNY 60 million worth of its shares. Suzhou Hengmingda Electronic Technology Co., Ltd. (SZSE:002947) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 42.90 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥22.50, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 28% over the past three years. Annonce • Dec 29
Suzhou Hengmingda Electronic Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Suzhou Hengmingda Electronic Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 17
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 8.4% 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 (8.4% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.30 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.30 in 3Q 2022). Revenue: CN¥538.0m (up 43% from 3Q 2022). Net income: CN¥100.4m (up 43% from 3Q 2022). Profit margin: 19% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Oct 12
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 6.2% 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. Currently, the following risks have been identified for the company: 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 (6.2% average weekly change). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥23.56, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 43x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.21 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.21 in 2Q 2022). Revenue: CN¥318.7m (up 16% from 2Q 2022). Net income: CN¥53.0m (up 14% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: CN¥0.84 (vs CN¥0.14 in FY 2021) Full year 2022 results: EPS: CN¥0.84 (up from CN¥0.14 in FY 2021). Revenue: CN¥1.55b (up 37% from FY 2021). Net income: CN¥193.0m (up CN¥161.8m from FY 2021). Profit margin: 13% (up from 2.8% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.24 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.24 loss in 3Q 2021). Revenue: CN¥377.0m (up 23% from 3Q 2021). Net income: CN¥70.4m (up CN¥123.6m from 3Q 2021). Profit margin: 19% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.06, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 31x in the Electronic industry in China. Total returns to shareholders of 9.3% over the past year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.073 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.073 in 2Q 2021). Revenue: CN¥275.2m (up 44% from 2Q 2021). Net income: CN¥46.5m (up 196% from 2Q 2021). Profit margin: 17% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.089 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.089 in 1Q 2021). Revenue: CN¥310.8m (up 81% from 1Q 2021). Net income: CN¥34.8m (up 97% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Reported Earnings • Feb 23
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.19 (down from CN¥0.66 in FY 2020). Revenue: CN¥1.13b (up 76% from FY 2020). Net income: CN¥31.3m (down 70% from FY 2020). Profit margin: 2.8% (down from 16% in FY 2020). Revenue was in line with analyst estimates. Reported Earnings • Oct 23
Third quarter 2021 earnings released: CN¥0.32 loss per share (vs CN¥0.12 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥305.6m (up 74% from 3Q 2020). Net loss: CN¥53.1m (down 370% from profit in 3Q 2020). Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.095 (vs CN¥0.21 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥191.3m (up 49% from 2Q 2020). Net income: CN¥15.7m (down 52% from 2Q 2020). Profit margin: 8.2% (down from 26% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.24 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥171.7m (up 89% from 1Q 2020). Net income: CN¥17.7m (down 39% from 1Q 2020). Profit margin: 10% (down from 32% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.86 (vs CN¥1.39 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥643.6m (up 10.0% from FY 2019). Net income: CN¥104.5m (down 37% from FY 2019). Profit margin: 16% (down from 28% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Mar 16
New 90-day low: CN¥30.35 The company is down 34% from a price of CN¥46.14 on 16 December 2020. Underperformed the Chinese market, which is down 2.0% over the last 90 days. Lagged the Electronic industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥33.00 The company is down 31% from its price of CN¥47.80 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 4.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥38.42 The company is down 26% from its price of CN¥51.70 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥39.88 The company is down 25% from its price of CN¥52.85 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥47.44 The company is down 8.0% from its price of CN¥51.33 on 11 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 6.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: CN¥47.50 The company is down 20% from its price of CN¥59.24 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥50.45 The company is down 24% from its price of CN¥66.70 on 29 July 2020. The Chinese market is flat 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 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥132.9m, down 14% from the prior year. Total revenue was CN¥590.7m over the last 12 months, up 7.8% from the prior year. 
