Valuation Update With 7 Day Price Move • 8h
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.10, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 23% over the past three years. New Risk • Jul 13
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 9.1% 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 Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Declared Dividend • Jul 06
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 8th July 2026 Payment date: 8th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.9% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. Annuncio • Jun 30
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Annuncio • Apr 29
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 29, 2026 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 29, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Gongyi, Henan China Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in FY 2024) Full year 2025 results: EPS: CN¥0.01 (in line with FY 2024). Revenue: CN¥5.14b (up 1.0% from FY 2024). Net income: CN¥18.4m (up 35% from FY 2024). Profit margin: 0.4% (up from 0.3% in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Annuncio • Mar 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Dec 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Annuncio • Nov 05
Henan Hengxing Science & Technology Co.,Ltd. Approves Board Election Henan Hengxing Science & Technology Co.,Ltd. at the EGM held on 03 November 2025, approved election of Zhang Yunhong as non-independent director and Zhao Zhiying and Liu Zhenhui as independent director. New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 30% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (436% payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.001 loss per share (vs CN¥0.004 profit in 3Q 2024) Third quarter 2025 results: CN¥0.001 loss per share (down from CN¥0.004 profit in 3Q 2024). Revenue: CN¥1.39b (up 12% from 3Q 2024). Net loss: CN¥1.23m (down 115% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annuncio • Sep 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jul 02
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Annuncio • May 30
Henan Hengxing Science & Technology Co.,Ltd. Approves Final Cash Dividend for 2024 Henan Hengxing Science & Technology Co.,Ltd. at its AGM held on May 28, 2025, approved Cash dividend (tax included) of CNY 0.50000000 per ten shares for 2024. Annuncio • Apr 25
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 28, 2025 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Gongyi, Henan China New Risk • Apr 04
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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Dividend is not well covered by earnings (334% payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Annuncio • Mar 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Annuncio • Dec 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Henan Hengxing Science & 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¥0.004 (vs CN¥0.028 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.004 (down from CN¥0.028 in 3Q 2023). Revenue: CN¥1.24b (up 4.3% from 3Q 2023). Net income: CN¥8.48m (down 53% from 3Q 2023). Profit margin: 0.7% (down from 1.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Annuncio • Sep 24
Henan Hengxing Science & Technology Co.,Ltd. Approves Interim Dividend for the Year 2024 Henan Hengxing Science & Technology Co.,Ltd. approved at its EGM held on 20 September 2024 the interim cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2024. New Risk • Sep 10
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Dividend is not well covered by earnings (167% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.019 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.019 (in line with 2Q 2023). Revenue: CN¥1.33b (up 13% from 2Q 2023). Net income: CN¥12.1m (down 69% from 2Q 2023). Profit margin: 0.9% (down from 3.4% in 2Q 2023). 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 27% per year, which means it has not declined as severely as earnings. Annuncio • Jun 29
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Annuncio • Jun 13
Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces an Equity Buyback for CNY 60 million worth of its shares. Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The repurchase price will not more than CNY 3.76 per Share. The purpose of the program is to maintain the company's value and shareholders' interests. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥2.09, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total loss to shareholders of 40% over the past three years. Annuncio • Apr 29
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Gongyi, Henan China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.001 loss per share (vs CN¥0.003 loss in 1Q 2023) First quarter 2024 results: CN¥0.001 loss per share (improved from CN¥0.003 loss in 1Q 2023). Revenue: CN¥1.13b (up 21% from 1Q 2023). Net loss: CN¥1.95m (loss narrowed 58% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥2.41, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 25% over the past three years. Annuncio • Mar 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Annuncio • Feb 21
Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces an Equity Buyback for CNY 100 million worth of its shares. Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 4.43 per Share. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥2.40, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total loss to shareholders of 14% over the past three years. Annuncio • Dec 29
Henan Hengxing Science & Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 01
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: 2.6% Last year net profit margin: 4.1% 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 Debt is not well covered by operating cash flow (14% operating cash flow to total debt). 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 (2.6% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.014 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.028. Revenue: CN¥1.18b (up 7.6% from 3Q 2022). Net income: CN¥17.9m (down 3.9% from 3Q 2022). Profit margin: 1.5% (down from 1.7% in 3Q 2022). Annuncio • Sep 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 New Risk • Aug 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 285% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.06 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.019 (down from CN¥0.06 in 2Q 2022). Revenue: CN¥1.17b (down 21% from 2Q 2022). Net income: CN¥39.4m (down 49% from 2Q 2022). Profit margin: 3.4% (down from 5.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Annuncio • Jul 01
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Annuncio • Jun 14
Henan Hengxing Science & Technology Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 19, 2023 Henan Hengxing Science & Technology Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2022. Record date is June 16, 2023. Ex-date is May June 19, 2023. Payment date is June 19, 2023. Annuncio • May 19
Henan Hengxing Science & Technology Co.,Ltd Approves the Final Cash Dividend for 2022 Henan Hengxing Science & Technology Co.,Ltd. at its annual general meeting of 2022 held on 15 May 2023, approved the final cash dividend of CNY 0.50000000 per ten share (tax included) for 2022. Reported Earnings • Apr 23
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.14 (up from CN¥0.11 in FY 2021). Revenue: CN¥4.42b (up 30% from FY 2021). Net income: CN¥187.5m (up 34% from FY 2021). Profit margin: 4.2% (up from 4.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 11
Henan Hengxing Science & Technology Co.,Ltd. announced that it expects to receive CNY 600 million in funding Henan Hengxing Science & Technology Co.,Ltd. announced a private placement of not more than 159,574,468 shares, par value, CNY 1 per share, at a price of CNY 3.76 per share for gross proceeds of not more than CNY 600,000,000 on November 9, 2022. The transaction will include participation from individual investor, Xie Baojun and holds 265,927,345 shares of the company, accounting for 18.97% of the company's total share capital, and is the company's controlling shareholder and actual controller. The lock-up period of the shares is 18 months. The transaction has been approved in the second meeting of the seventh board of directors of the company. The resolution of this issuance is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting Annuncio • Nov 05
Henan Hengxing Science & Technology Co.,Ltd. Elects Zhou Wenbo as Non-Independent Director Henan Hengxing Science & Technology Co.,Ltd. at the extraordinary General Meeting of 2022 held on 03 November 2022 approved election of Zhou Wenbo as non-independent director. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.014 (vs CN¥0.009 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.014 (up from CN¥0.009 loss in 3Q 2021). Revenue: CN¥1.10b (up 34% from 3Q 2021). Net income: CN¥18.7m (up CN¥29.8m from 3Q 2021). Profit margin: 1.7% (up from net loss in 3Q 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.042 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.042 in 2Q 2021). Revenue: CN¥1.49b (up 54% from 2Q 2021). Net income: CN¥77.6m (up 47% from 2Q 2021). Profit margin: 5.2% (down from 5.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 64%, compared to a 32% growth forecast for the Metals and Mining industry in China. 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 33% 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 15% share price gain to CN¥6.79, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.17, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥5.58, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total returns to shareholders of 76% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.041 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.022 (down from CN¥0.041 in 1Q 2021). Revenue: CN¥856.1m (up 17% from 1Q 2021). Net income: CN¥31.2m (down 37% from 1Q 2021). Profit margin: 3.6% (down from 6.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Xiaoyong Yang is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 26
Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces an Equity Buyback for CNY 100 million worth of its shares. Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program is valid for 12 months. Annuncio • Apr 02
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, Apr 29, 2022 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, Apr 29, 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; 2021 annual accounts; to consider 2021 profit distribution plan; to consider reappointment of 2022 audit firm; to consider formulation of the shareholder return plan for the next three years from 2022 to 2024; and to consider other matters. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.11 (vs CN¥0.10 in FY 2020) Full year 2021 results: EPS: CN¥0.11 (up from CN¥0.10 in FY 2020). Revenue: CN¥3.40b (up 20% from FY 2020). Net income: CN¥140.4m (up 15% from FY 2020). Profit margin: 4.1% (down from 4.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.92, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 106% 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 17% share price gain to CN¥6.60, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 145% over the past three years. Reported Earnings • Oct 16
Third quarter 2021 earnings released: CN¥0.009 loss per share (vs CN¥0.033 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥824.0m (up 4.7% from 3Q 2020). Net loss: CN¥11.1m (down 127% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥4.89, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥5.31, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 84% over the past three years. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS CN¥0.042 (vs CN¥0.033 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥966.8m (up 20% from 2Q 2020). Net income: CN¥52.7m (up 37% from 2Q 2020). Profit margin: 5.5% (up from 4.8% 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 107% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.07 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.83b (down 16% from FY 2019). Net income: CN¥127.7m (up 51% from FY 2019). Profit margin: 4.5% (up from 2.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥2.78 The company is down 30% from its price of CN¥3.95 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥3.21 The company is down 17% from its price of CN¥3.89 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Annuncio • Oct 20
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Valuation Update With 7 Day Price Move • Oct 20
Market pulls back on stock over the past week After last week's 17% share price decline to CN¥4.29, the stock is trading at a trailing P/E ratio of 66.7x, down from the previous P/E ratio of 80.5x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 19%. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 22% share price gain to CN¥4.75, the stock is trading at a trailing P/E ratio of 73.9x, up from the previous P/E ratio of 60.5x. This compares to an average P/E of 35x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 8.7%. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 21% share price gain to CN¥4.71, the stock is trading at a trailing P/E ratio of 73.2x, up from the previous P/E ratio of 60.5x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 8.1%. Is New 90 Day High Low • Sep 28
New 90-day high: CN¥3.22 The company is up 25% from its price of CN¥2.57 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. Annuncio • Jul 24
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 20, 2020