Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.88 loss per share (vs CN¥1.10 loss in FY 2024) Full year 2025 results: CN¥0.88 loss per share (improved from CN¥1.10 loss in FY 2024). Revenue: CN¥1.02b (up 26% from FY 2024). Net loss: CN¥130.0m (loss narrowed 21% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Annuncio • Apr 29
Zhejiang Hechuan Technology Co., Ltd., Annual General Meeting, May 19, 2026 Zhejiang Hechuan Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: No. 5, Qinshan Road, Chengbei Industrial Park, Longyou County, Quzhou, Zhejiang China Annuncio • Apr 13
Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) announces an Equity Buyback for CNY 40 million worth of its shares. Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) 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 a price not more than CNY 48.11 per share. The repurchased shares will be used for ESOP or equity incentives. If the company fails to use the repurchased shares for the said purpose within 3 years after the completion of the program, the unused shares will be cancelled. The source of funds for this share repurchase is the company's own funds and Special Repurchase Loans. The authorization will be valid for a period of 12 months. Annuncio • Mar 30
Zhejiang Hechuan Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Zhejiang Hechuan Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Price Target Changed • Jan 08
Price target increased by 18% to CN¥23.00 Up from CN¥19.50, the current price target is provided by 1 analyst. New target price is 37% below last closing price of CN¥36.58. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.54 next year compared to a net loss per share of CN¥1.10 last year. New Risk • Jan 08
New major risk - Revenue and earnings growth Earnings have declined by 75% 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. Annuncio • Dec 26
Zhejiang Hechuan Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Zhejiang Hechuan Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Price Target Changed • Oct 04
Price target increased by 12% to CN¥19.50 Up from CN¥17.40, the current price target is provided by 1 analyst. New target price is 59% below last closing price of CN¥46.99. Stock is up 52% over the past year. The company is forecast to post a net loss per share of CN¥0.20 next year compared to a net loss per share of CN¥1.10 last year. Annuncio • Sep 30
Zhejiang Hechuan Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Zhejiang Hechuan Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Annuncio • Jun 30
Zhejiang Hechuan Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Zhejiang Hechuan Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Price Target Changed • May 14
Price target increased by 10% to CN¥18.40 Up from CN¥16.70, the current price target is provided by 1 analyst. New target price is 60% below last closing price of CN¥46.14. Stock is up 79% over the past year. The company is forecast to post earnings per share of CN¥0.47 next year compared to a net loss per share of CN¥1.10 last year. Reported Earnings • Apr 28
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: CN¥0.19 loss per share (further deteriorated from CN¥0.10 loss in 1Q 2024). Revenue: CN¥229.5m (up 12% from 1Q 2024). Net loss: CN¥26.9m (loss widened 80% from 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 69% 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. 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 69% per year over the past 5 years. Annuncio • Apr 26
Zhejiang Hechuan Technology Co., Ltd., Annual General Meeting, May 16, 2025 Zhejiang Hechuan Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: No. 5, Qinshan Road, Chengbei Industrial Park, Longyou County, Quzhou, Zhejiang China Annuncio • Mar 28
Zhejiang Hechuan Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Zhejiang Hechuan Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Price Target Changed • Mar 13
Price target increased by 7.6% to CN¥19.85 Up from CN¥18.45, the current price target is an average from 2 analysts. New target price is 56% below last closing price of CN¥44.66. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.49 next year compared to a net loss per share of CN¥1.05 last year. Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥1.05 loss per share (down from CN¥0.35 profit in FY 2023). Revenue: CN¥815.1m (down 27% from FY 2023). Net loss: CN¥157.2m (down 394% from profit in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 98%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Annuncio • Dec 27
Zhejiang Hechuan Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Zhejiang Hechuan Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.34 loss per share (vs CN¥0.089 profit in 3Q 2023) Third quarter 2024 results: CN¥0.34 loss per share (down from CN¥0.089 profit in 3Q 2023). Revenue: CN¥160.7m (down 43% from 3Q 2023). Net loss: CN¥51.4m (down 492% from profit in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Annuncio • Sep 30
Zhejiang Hechuan Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Hechuan Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Major Estimate Revision • Aug 30
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥1.15b to CN¥1.06b. EPS estimate rose from CN¥0.175 to CN¥0.20. Net income forecast to grow 158% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥22.15 to CN¥20.15. Share price rose 12% to CN¥24.28 over the past week. New Risk • Aug 22
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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Major Estimate Revision • Jul 23
Consensus EPS estimates fall by 58% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.20b to CN¥1.15b. EPS estimate also fell from CN¥0.42 per share to CN¥0.175 per share. Net income forecast to grow 139% next year vs 56% growth forecast for Electronic industry in China. Consensus price target down from CN¥23.10 to CN¥22.15. Share price fell 8.7% to CN¥21.08 over the past week. Annuncio • Jun 29
Zhejiang Hechuan Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Zhejiang Hechuan Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Major Estimate Revision • May 02
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.56b to CN¥1.20b. EPS estimate fell from CN¥0.73 to CN¥0.45 per share. Net income forecast to grow 417% next year vs 61% growth forecast for Electronic industry in China. Consensus price target down from CN¥34.60 to CN¥25.60. Share price rose 4.7% to CN¥27.38 over the past week. Price Target Changed • Apr 30
Price target decreased by 26% to CN¥25.60 Down from CN¥34.60, the current price target is an average from 2 analysts. New target price is 6.5% below last closing price of CN¥27.38. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.35 last year. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CN¥0.10 loss per share (down from CN¥0.14 profit in 1Q 2023). Revenue: CN¥205.3m (down 26% from 1Q 2023). Net loss: CN¥15.0m (down 170% from profit in 1Q 2023). Revenue missed analyst estimates by 19%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Annuncio • Apr 27
Zhejiang Hechuan Technology Co., Ltd., Annual General Meeting, May 16, 2024 Zhejiang Hechuan Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Longyou County, Zhejiang China Annuncio • Mar 29
Zhejiang Hechuan Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Zhejiang Hechuan Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥28.18, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 30% over the past year. Major Estimate Revision • Mar 01
Consensus revenue estimates fall by 21% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.60b to CN¥1.27b. EPS estimate fell from CN¥0.90 to CN¥0.60 per share. Net income forecast to grow 71% next year vs 57% growth forecast for Electronic industry in China. Consensus price target down from CN¥36.60 to CN¥34.60. Share price rose 6.8% to CN¥33.48 over the past week. Annuncio • Feb 28
Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) announces an Equity Buyback for CNY 80 million worth of its shares. Zhejiang Hechuan Technology Co., Ltd. (SHSE:688320) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 44.86 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months. Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.35 (down from CN¥0.65 in FY 2022). Revenue: CN¥1.13b (up 19% from FY 2022). Net income: CN¥53.3m (down 41% from FY 2022). Profit margin: 4.7% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. 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¥31.35, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥26.76, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 52% over the past year. Price Target Changed • Jan 10
Price target decreased by 13% to CN¥36.60 Down from CN¥42.20, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥35.28. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.60 for next year compared to CN¥0.65 last year. Major Estimate Revision • Nov 03
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥1.22b to CN¥1.23b. EPS estimate fell from CN¥0.77 to CN¥0.59 per share. Net income forecast to grow 115% next year vs 74% growth forecast for Electronic industry in China. Consensus price target of CN¥43.10 unchanged from last update. Share price rose 10% to CN¥42.60 over the past week. Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.089 (down from CN¥0.22 in 3Q 2022). Revenue: CN¥283.4m (up 21% from 3Q 2022). Net income: CN¥13.1m (down 61% from 3Q 2022). Profit margin: 4.6% (down from 14% in 3Q 2022). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥38.66, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥42.35, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 17% over the past year. Major Estimate Revision • Sep 07
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.37b to CN¥1.22b. EPS estimate fell from CN¥1.13 to CN¥0.77 per share. Net income forecast to grow 75% next year vs 62% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥43.10. Share price fell 7.8% to CN¥34.80 over the past week. Reported Earnings • Sep 01
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.27 in 2Q 2022). Revenue: CN¥326.2m (up 18% from 2Q 2022). Net income: CN¥28.5m (down 23% from 2Q 2022). Profit margin: 8.7% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Annuncio • Jun 28
Zhejiang Hechuan Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Zhejiang Hechuan Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 25
New major 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 9.0% 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 High level of non-cash earnings (56% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥40.66, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥38.55, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 100% over the past year. Price Target Changed • May 05
Price target decreased by 15% to CN¥51.42 Down from CN¥60.15, the current price target is an average from 3 analysts. New target price is 52% above last closing price of CN¥33.81. Stock is up 80% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.68 last year. Reported Earnings • Apr 29
First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.23 in 1Q 2022). Revenue: CN¥275.5m (up 18% from 1Q 2022). Net income: CN¥21.5m (down 24% from 1Q 2022). Profit margin: 7.8% (down from 12% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥32.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 24x in the Electronic industry in China. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.97 in FY 2021) Full year 2022 results: EPS: CN¥0.68 (down from CN¥0.97 in FY 2021). Revenue: CN¥951.9m (up 27% from FY 2021). Net income: CN¥94.2m (down 14% from FY 2021). Profit margin: 9.9% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥47.76, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥53.99, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥47.80, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the Electronic industry in China. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.22. Net income: CN¥33.2m (up CN¥33.2m from 3Q 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥50.22, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 20x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥56.66, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 24x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥51.52, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 34x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥45.43, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 36x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 30% share price gain to CN¥24.08, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 32x in the Electronic industry in China.