Valuation Update With 7 Day Price Move • 10h
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥29.47, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥44.17, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 79x in the Electronic industry in China. Total returns to shareholders of 116% over the past three years. Annuncio • Jun 30
Hunan Aihua Group Co., Ltd to Report First Half, 2026 Results on Aug 29, 2026 Hunan Aihua Group Co., Ltd announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 27
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 33% higher than last year. Ex-date: 2nd July 2026 Payment date: 2nd July 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (167% 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 decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.5% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥28.76, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 72x in the Electronic industry in China. Total returns to shareholders of 39% over the past three years. New Risk • May 25
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 8.2% 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: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (167% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 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: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 30
Hunan Aihua Group Co., Ltd, Annual General Meeting, May 21, 2026 Hunan Aihua Group Co., Ltd, Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yiyang, Hunan China Annuncio • Mar 30
Hunan Aihua Group Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Hunan Aihua Group Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Annuncio • Dec 26
Hunan Aihua Group Co., Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Hunan Aihua Group Co., Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Annuncio • Sep 30
Hunan Aihua Group Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Hunan Aihua Group Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Annuncio • Jun 30
Hunan Aihua Group Co., Ltd to Report First Half, 2025 Results on Aug 30, 2025 Hunan Aihua Group Co., Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Annuncio • Apr 30
Hunan Aihua Group Co., Ltd, Annual General Meeting, May 22, 2025 Hunan Aihua Group Co., Ltd, Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yiyang, Hunan China Annuncio • Mar 28
Hunan Aihua Group Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Hunan Aihua Group Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 27
Hunan Aihua Group Co., Ltd to Report Fiscal Year 2024 Results on Apr 30, 2025 Hunan Aihua Group Co., Ltd announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥1.04b (up 2.6% from 3Q 2023). Net income: CN¥94.0m (down 27% from 3Q 2023). Profit margin: 9.0% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Annuncio • Sep 30
Hunan Aihua Group Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Hunan Aihua Group Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.90, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 55% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.26 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.26 in 2Q 2023). Revenue: CN¥1.11b (up 30% from 2Q 2023). Net income: CN¥69.2m (down 34% from 2Q 2023). Profit margin: 6.2% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 28
Hunan Aihua Group Co., Ltd to Report First Half, 2024 Results on Aug 31, 2024 Hunan Aihua Group Co., Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Declared Dividend • Jun 22
Dividend of CN¥0.27 announced Shareholders will receive a dividend of CN¥0.27. Ex-date: 28th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 38% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • May 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: 8.5% Last year net profit margin: 13% 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (8.5% net profit margin). Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.88 (vs CN¥1.11 in FY 2022) Full year 2023 results: EPS: CN¥0.88 (down from CN¥1.11 in FY 2022). Revenue: CN¥3.38b (down 1.9% from FY 2022). Net income: CN¥351.0m (down 21% from FY 2022). Profit margin: 10% (down from 13% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Annuncio • Apr 23
Hunan Aihua Group Co., Ltd, Annual General Meeting, May 20, 2024 Hunan Aihua Group Co., Ltd, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Yiyang, Hunan China Annuncio • Mar 29
Hunan Aihua Group Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Hunan Aihua Group Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Paying a dividend despite having no free cash flows. 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¥15.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 35% over the past three years. Annuncio • Dec 30
Hunan Aihua Group Co., Ltd to Report Fiscal Year 2023 Results on Apr 23, 2024 Hunan Aihua Group Co., Ltd announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.26 in 3Q 2022). Revenue: CN¥1.01b (up 22% from 3Q 2022). Net income: CN¥128.3m (up 23% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.31 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.31 in 2Q 2022). Revenue: CN¥855.3m (down 6.1% from 2Q 2022). Net income: CN¥104.5m (down 15% from 2Q 2022). Profit margin: 12% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Jun 28
Hunan Aihua Group Co., Ltd to Report First Half, 2023 Results on Aug 31, 2023 Hunan Aihua Group Co., Ltd announced that they will report first half, 2023 results on Aug 31, 2023 Upcoming Dividend • Jun 23
Upcoming dividend of CN¥0.30 per share at 1.4% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 25
Full year 2022 earnings released: EPS: CN¥1.11 (vs CN¥1.22 in FY 2021) Full year 2022 results: EPS: CN¥1.11 (down from CN¥1.22 in FY 2021). Revenue: CN¥3.44b (up 6.5% from FY 2021). Net income: CN¥445.9m (down 8.4% from FY 2021). Profit margin: 13% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced 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: Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.31 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.26 (down from CN¥0.31 in 3Q 2021). Revenue: CN¥834.8m (down 3.7% from 3Q 2021). Net income: CN¥102.4m (down 18% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.30 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.30 in 2Q 2021). Revenue: CN¥910.6m (up 8.4% from 2Q 2021). Net income: CN¥122.9m (up 3.1% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.28 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.29 (up from CN¥0.28 in 1Q 2021). Revenue: CN¥869.3m (up 29% from 1Q 2021). Net income: CN¥114.9m (up 1.9% from 1Q 2021). Profit margin: 13% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced 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: Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: CN¥1.22 (vs CN¥0.97 in FY 2020) Full year 2021 results: EPS: CN¥1.22 (up from CN¥0.97 in FY 2020). Revenue: CN¥3.23b (up 28% from FY 2020). Net income: CN¥487.3m (up 28% from FY 2020). Profit margin: 15% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 23
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥1.22 (up from CN¥0.97 in FY 2020). Revenue: CN¥3.23b (up 28% from FY 2020). Net income: CN¥486.9m (up 28% from FY 2020). Profit margin: 15% (in line with FY 2020). Revenue missed analyst estimates by 49%. Over the next year, revenue is forecast to grow 115%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥41.04, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.22 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥866.5m (up 29% from 3Q 2020). Net income: CN¥125.0m (up 37% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.29 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥839.9m (up 29% from 2Q 2020). Net income: CN¥119.2m (up 3.6% from 2Q 2020). Profit margin: 14% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.16 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥674.2m (up 58% from 1Q 2020). Net income: CN¥112.8m (up 84% from 1Q 2020). Profit margin: 17% (up from 14% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥0.97 (vs CN¥0.87 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.52b (up 12% from FY 2019). Net income: CN¥380.6m (up 13% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Jan 22
Revenue misses expectations Revenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 23%, compared to a 30% growth forecast for the Electronic industry in China. Analyst Estimate Surprise Post Earnings • Jan 21
Revenue misses expectations Revenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 27%, compared to a 30% growth forecast for the Electronic industry in China. Reported Earnings • Jan 20
Full year 2020 earnings released: EPS CN¥0.96 The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.52b (up 12% from FY 2019). Net income: CN¥383.5m (up 14% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥24.88 The company is down 8.0% from its price of CN¥27.17 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. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥388.1m, up 33% from the prior year. Total revenue was CN¥2.38b over the last 12 months, up 9.1% from the prior year. Is New 90 Day High Low • Oct 16
New 90-day low: CN¥25.53 The company is down 9.0% from its price of CN¥28.20 on 17 July 2020. The Chinese market is up 4.0% 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 • Sep 24
New 90-day low: CN¥26.18 The company is down 6.0% from its price of CN¥27.92 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. 
