View ValuationZhuzhou Hongda ElectronicsLtd 将来の成長Future 基準チェック /06現在、 Zhuzhou Hongda ElectronicsLtdの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長33.9%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Major Estimate Revision • Sep 01Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.66b to CN¥2.08b. EPS estimate fell from CN¥2.42 to CN¥1.87 per share. Net income forecast to grow 32% next year vs 65% growth forecast for Electronic industry in China. Consensus price target down from CN¥64.94 to CN¥53.68. Share price was steady at CN¥35.31 over the past week.Price Target Changed • Aug 31Price target decreased by 17% to CN¥53.68Down from CN¥64.94, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CN¥35.04. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥2.07 last year.Price Target Changed • Aug 29Price target decreased by 8.6% to CN¥62.54Down from CN¥68.44, the current price target is an average from 2 analysts. New target price is 78% above last closing price of CN¥35.07. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.23 for next year compared to CN¥2.07 last year.Price Target Changed • Nov 16Price target decreased to CN¥73.92Down from CN¥106, the current price target is provided by 1 analyst. New target price is 56% above last closing price of CN¥47.45. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.04 last year.Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.92b to CN¥2.62b. EPS estimate unchanged from CN¥2.73 per share at last update. Electronic industry in China expected to see average net income growth of 41% next year. Consensus price target down from CN¥106 to CN¥73.92. Share price fell 11% to CN¥49.25 over the past week.Price Target Changed • Apr 27Price target decreased to CN¥73.92Down from CN¥106, the current price target is an average from 4 analysts. New target price is 52% above last closing price of CN¥48.70. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.73 for next year compared to CN¥2.04 last year.すべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥54.45, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 66x in the Electronic industry in China. Total returns to shareholders of 49% over the past three years.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥50.70, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 31% over the past three years.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥70.66, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 77x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years.お知らせ • Jun 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026New Risk • Jun 18New major risk - Revenue and earnings growthEarnings have declined by 20% 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 191% Earnings have declined by 20% per year over the past 5 years.Declared Dividend • Jun 08Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (191% cash payout ratio). The dividend has increased by an average of 33% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.0% to bring the payout ratio under control. EPS is expected to grow by 24% over the next year, which is sufficient to bring the dividend into a sustainable range.New Risk • Jun 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 191% Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change).Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥79.92, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 39x in the Electronic industry in China. Total returns to shareholders of 128% over the past three years.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥58.08, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 44% over the past three years.お知らせ • Apr 24Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 25, 2026Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuzhou, Hunan ChinaReported Earnings • Apr 24First quarter 2026 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.23 (up from CN¥0.13 in 1Q 2025). Revenue: CN¥366.5m (up 12% from 1Q 2025). Net income: CN¥93.9m (up 71% from 1Q 2025). Profit margin: 26% (up from 17% in 1Q 2025). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Mar 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.7% 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 (9.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Dec 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CN¥52.85, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 36% over the past three years.Board Change • Dec 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Director Ying Zhang was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (7.4% average weekly change).Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.20 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥547.7m (up 27% from 3Q 2024). Net income: CN¥124.7m (up 55% from 3Q 2024). Profit margin: 23% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥45.31, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 6.7% over the past three years.お知らせ • Sep 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: CN¥0.36 (vs CN¥0.25 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.36 (up from CN¥0.25 in 2Q 2024). Revenue: CN¥528.4m (up 20% from 2Q 2024). Net income: CN¥147.6m (up 44% from 2Q 2024). Profit margin: 28% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Jul 02Zhuzhou Hongda Electronics Corp.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025New Risk • May 12New minor risk - Share price stabilityThe 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 Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin).Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥39.88, the stock trades at a trailing P/E ratio of 64.2x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years.New Risk • May 07New major risk - Revenue and earnings growthEarnings have declined by 4.7% 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 Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (97% payout ratio). Profit margins are more than 30% lower than last year (16% net profit margin).New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 1.9% 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 Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).Reported Earnings • Apr 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CN¥0.68 (down from CN¥1.15 in FY 2023). Revenue: CN¥1.59b (down 7.1% from FY 2023). Net income: CN¥279.2m (down 41% from FY 2023). Profit margin: 18% (down from 28% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 14% 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, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.お知らせ • Apr 26Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 21, 2025Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 21, 2025, at 14:45 China Standard Time. Location: The Company's Meeting Room, Zhuzhou, Hunan Chinaお知らせ • Mar 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025分析記事 • Mar 11Why Investors Shouldn't Be Surprised By Zhuzhou Hongda Electronics Corp.,Ltd.'s (SZSE:300726) 29% Share Price SurgeZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) shareholders would be excited to see that the share price has had...Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥35.52, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 52% over the past three years.分析記事 • Mar 10Returns On Capital Signal Tricky Times Ahead For Zhuzhou Hongda ElectronicsLtd (SZSE:300726)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...分析記事 • Feb 06Is It Time To Consider Buying Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)?Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ), is not the largest company out there, but it saw significant...分析記事 • Jan 18Market Still Lacking Some Conviction On Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)With a median price-to-earnings (or "P/E") ratio of close to 34x in China, you could be forgiven for feeling...分析記事 • Jan 02Is Zhuzhou Hongda ElectronicsLtd (SZSE:300726) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Dec 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025分析記事 • Nov 17Returns On Capital Signal Tricky Times Ahead For Zhuzhou Hongda ElectronicsLtd (SZSE:300726)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...分析記事 • Nov 02We Think That There Are More Issues For Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Than Just Sluggish EarningsInvestors weren't pleased with the recent soft earnings report from Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726...Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥431.7m (up 5.8% from 3Q 2023). Net income: CN¥80.4m (down 22% from 3Q 2023). Profit margin: 19% (down from 25% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 25% per year.Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥38.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 51% over the past three years.お知らせ • Oct 19Zhuzhou Hongda Electronics Corp.,Ltd. Approves Board AppointmentsZhuzhou Hongda Electronics Corp.,Ltd. at its Extraordinary General Meeting held on 17 October 2024, approved election of Zhong Ruonong, Zeng Chen and Liu Chang as non-independent directors.分析記事 • Oct 16At CN¥32.04, Is It Time To Put Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) On Your Watch List?Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ), might not be a large cap stock, but it received a lot of...分析記事 • Sep 30Zhuzhou Hongda Electronics Corp.,Ltd.'s (SZSE:300726) 33% Share Price Surge Not Quite Adding UpZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) shares have continued their recent momentum with a 33% gain in...New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.3% 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 (9.3% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin).お知らせ • Sep 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 37%After last week's 37% share price gain to CN¥30.97, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 58% over the past three years.分析記事 • Sep 15Does Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...New Risk • Aug 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% 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: 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 (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin).Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.33 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.33 in 2Q 2023). Revenue: CN¥440.8m (flat on 2Q 2023). Net income: CN¥102.7m (down 25% from 2Q 2023). Profit margin: 23% (down from 31% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Aug 20Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.4% to CN¥21.93. The fair value is estimated to be CN¥28.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%.Buy Or Sell Opportunity • Aug 02Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at CN¥22.49. The fair value is estimated to be CN¥28.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%.分析記事 • Jul 30The Returns On Capital At Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Don't Inspire ConfidenceIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Jul 12Market Still Lacking Some Conviction On Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)With a price-to-earnings (or "P/E") ratio of 22.2x Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) may be sending...お知らせ • Jun 29Zhuzhou Hongda Electronics Corp.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024分析記事 • Jun 11Calculating The Fair Value Of Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)Key Insights Zhuzhou Hongda ElectronicsLtd's estimated fair value is CN¥24.79 based on 2 Stage Free Cash Flow to Equity...分析記事 • May 23Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Will Pay A Smaller Dividend Than Last YearZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) is reducing its dividend from last year's comparable payment to...Declared Dividend • May 23Dividend reduced to CN¥0.30Dividend of CN¥0.30 is 40% lower than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 20% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next year, which should provide support to the dividend and adequate earnings cover.New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 25% Last year net profit margin: 39% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (25% net profit margin).Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.35 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.35 in 1Q 2023). Revenue: CN¥309.5m (down 20% from 1Q 2023). Net income: CN¥78.5m (down 46% from 1Q 2023). Profit margin: 25% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue. 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, earnings per share has fallen by 12% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.分析記事 • Apr 25We Think You Can Look Beyond Zhuzhou Hongda ElectronicsLtd's (SZSE:300726) Lackluster EarningsSoft earnings didn't appear to concern Zhuzhou Hongda Electronics Corp.,Ltd.'s ( SZSE:300726 ) shareholders over the...Reported Earnings • Apr 18Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥1.15 (down from CN¥2.07 in FY 2022). Revenue: CN¥1.71b (down 21% from FY 2022). Net income: CN¥471.7m (down 45% from FY 2022). Profit margin: 28% (down from 40% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 19% 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 fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 16Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 14, 2024Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 14, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuzhou, Hunan China分析記事 • Apr 12Is Now An Opportune Moment To Examine Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)?Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ), might not be a large cap stock, but it saw a double-digit share...お知らせ • Mar 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Mar 25Returns On Capital At Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Paint A Concerning PictureFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...分析記事 • Mar 04Even With A 27% Surge, Cautious Investors Are Not Rewarding Zhuzhou Hongda Electronics Corp.,Ltd.'s (SZSE:300726) Performance CompletelyZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) shareholders are no doubt pleased to see that the share price has...分析記事 • Feb 29Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥20.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.86 per share.お知らせ • Dec 29Zhuzhou Hongda Electronics Corp.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.51 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.51 in 3Q 2022). Revenue: CN¥408.1m (down 29% from 3Q 2022). Net income: CN¥103.3m (down 51% from 3Q 2022). Profit margin: 25% (down from 37% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 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 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Major Estimate Revision • Sep 01Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.66b to CN¥2.08b. EPS estimate fell from CN¥2.42 to CN¥1.87 per share. Net income forecast to grow 32% next year vs 65% growth forecast for Electronic industry in China. Consensus price target down from CN¥64.94 to CN¥53.68. Share price was steady at CN¥35.31 over the past week.Price Target Changed • Aug 31Price target decreased by 17% to CN¥53.68Down from CN¥64.94, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CN¥35.04. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥2.07 last year.Reported Earnings • Aug 30Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: CN¥0.33 (down from CN¥0.67 in 2Q 2022). Revenue: CN¥442.9m (down 34% from 2Q 2022). Net income: CN¥137.5m (down 50% from 2Q 2022). Profit margin: 31% (down from 41% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 25% p.a. on average during the next 3 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 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 29Price target decreased by 8.6% to CN¥62.54Down from CN¥68.44, the current price target is an average from 2 analysts. New target price is 78% above last closing price of CN¥35.07. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.23 for next year compared to CN¥2.07 last year.New Risk • Jun 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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 (7.2% average weekly change).Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 28%After last week's 28% share price gain to CN¥47.46, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.84 per share.お知らせ • May 10Zhuzhou Hongda Electronics Corp.,Ltd. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 16 May 2023Zhuzhou Hongda Electronics Corp.,Ltd. announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 5.00000000. Record date: 15 May 2023, Ex-date: 16 May 2023, Payment date: 16 May 2023.Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥2.07 (up from CN¥2.04 in FY 2021). Revenue: CN¥2.16b (up 7.9% from FY 2021). Net income: CN¥851.7m (up 4.4% from FY 2021). Profit margin: 40% (down from 41% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 18% 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 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target decreased to CN¥73.92Down from CN¥106, the current price target is provided by 1 analyst. New target price is 56% above last closing price of CN¥47.45. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.04 last year.Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman of the Board Ruo Nong Zhong is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.60 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.51 (down from CN¥0.60 in 3Q 2021). Revenue: CN¥578.0m (down 5.6% from 3Q 2021). Net income: CN¥211.5m (down 12% from 3Q 2021). Profit margin: 37% (down from 39% in 3Q 2021). The decrease in margin was driven by lower revenue. 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. Over the last 3 years on average, earnings per share has increased by 41% 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 • Aug 26Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥48.29, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 88% over the past three years.Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.67 (vs CN¥0.57 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.67 (up from CN¥0.57 in 2Q 2021). Revenue: CN¥673.6m (up 24% from 2Q 2021). Net income: CN¥274.5m (up 20% from 2Q 2021). Profit margin: 41% (down from 42% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 42%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.お知らせ • May 21Zhuzhou Hongda Electronics Corp.,Ltd. Approves 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 26, 2022Zhuzhou Hongda Electronics Corp.,Ltd. approved 2021 final profit distribution plan to be implemented (A shares), payable on May 26, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 6.00000000 with ex-dividend date May 26, 2022 and record date May 25, 2022.お知らせ • May 17Zhuzhou Hongda Electronics Corp.,Ltd. Approves Profit Distribution Plan For 2021Zhuzhou Hongda Electronics Corp.,Ltd. at its Annual General Meeting of 2021 held on 13 May 2022, approved profit distribution plan for 2021 as Cash dividend of CNY 6.00000000 per 10 shares (tax included).Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.92b to CN¥2.62b. EPS estimate unchanged from CN¥2.73 per share at last update. Electronic industry in China expected to see average net income growth of 41% next year. Consensus price target down from CN¥106 to CN¥73.92. Share price fell 11% to CN¥49.25 over the past week.Price Target Changed • Apr 27Price target decreased to CN¥73.92Down from CN¥106, the current price target is an average from 4 analysts. New target price is 52% above last closing price of CN¥48.70. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.73 for next year compared to CN¥2.04 last year.Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Dahui Wang is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 23+ 1 more updateZhuzhou Hongda Electronics Corp.,Ltd. Proposes Profit Distribution for 2021Zhuzhou Hongda Electronics Corp.,Ltd. announced on 22 April 2022 the profit distribution proposal for 2021 as follows: Cash dividend/10 shares (tax included) of CNY 6.00000000.Reported Earnings • Mar 12Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥2.04 (up from CN¥1.21 in FY 2020). Revenue: CN¥2.01b (up 43% from FY 2020). Net income: CN¥817.9m (up 69% from FY 2020). Profit margin: 41% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 63%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥100, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 433% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.82 per share.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥96.44, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 454% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.42 per share.Reported Earnings • Oct 26Third quarter 2021 earnings released: EPS CN¥0.60 (vs CN¥0.36 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥612.4m (up 47% from 3Q 2020). Net income: CN¥239.3m (up 65% from 3Q 2020). Profit margin: 39% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.38 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥543.3m (up 45% from 2Q 2020). Net income: CN¥228.4m (up 52% from 2Q 2020). Profit margin: 42% (up from 40% 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 38% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 20Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) and Liang Xuefei acquired 37% stake in Zhuzhou Hongda Membrane Electric Co from Fan Jinhe for CNY 2.2 million.Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) and Liang Xuefei acquired 37% stake in Zhuzhou Hongda Membrane Electric Co from Fan Jinhe for CNY 2.2 million on August 9, 2021. As per terms, Zhuzhou Hongda Electronics Corp.,Ltd acquired 5% stake for CNY 0.295 million and Liang Xuefei acquired 32% stake for CNY 1.89 million on August 9, 2021. Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) and Liang Xuefei completed the acquisition of 37% stake in Zhuzhou Hongda Membrane Electric Co from Fan Jinhe on August 9, 2021.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥89.88, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 194% over the past three years.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥76.45, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 150% over the past three years.Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥66.10, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 101% over the past three years. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Zhuzhou Hongda ElectronicsLtd は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SZSE:300726 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20261,925440216370N/A12/31/20251,887401296395N/A9/30/20251,808345286387N/A6/30/20251,692301383488N/A3/31/20251,604256424519N/A12/31/20241,586279409508N/A9/30/20241,650348816898N/A6/30/20241,627371680789N/A3/31/20241,629405415608N/A12/31/20231,706472376606N/A9/30/20231,715576175459N/A6/30/20231,885684222530N/A3/31/20232,116821274580N/A1/1/20232,158852148510N/A9/30/20222,14683957479N/A6/30/20222,180867-2400N/A3/31/20222,05082154445N/A1/1/20222,000816170526N/A9/30/20211,999786178453N/A6/30/20211,804692189453N/A3/31/20211,63661479318N/A12/31/20201,40148448257N/A9/30/20201,152389-10257N/A6/30/2020961304-6071N/A3/31/2020802279-2571N/A12/31/2019844293N/A83N/A9/30/2019802285N/A71N/A6/30/2019730274N/A38N/A3/31/2019685236N/A-23N/A12/31/2018636223N/A-38N/A9/30/2018618231N/A-38N/A6/30/2018594234N/A8N/A3/31/2018558207N/A49N/A12/31/2017524200N/A72N/A9/30/2017503205N/A67N/A3/31/2017443176N/A39N/A12/31/2016449196N/A53N/A12/31/201539575N/A4N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 300726の予測収益成長が 貯蓄率 ( 2.4% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 300726の収益がCN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 300726の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 300726の収益がCN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 300726の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 300726の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/17 05:21終値2026/08/17 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Zhuzhou Hongda Electronics Corp.,Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Chenshuo FuCitic Securities Co., Ltd.Jian PanTianfeng Securities Brokerage Co., Ltd
Major Estimate Revision • Sep 01Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.66b to CN¥2.08b. EPS estimate fell from CN¥2.42 to CN¥1.87 per share. Net income forecast to grow 32% next year vs 65% growth forecast for Electronic industry in China. Consensus price target down from CN¥64.94 to CN¥53.68. Share price was steady at CN¥35.31 over the past week.
Price Target Changed • Aug 31Price target decreased by 17% to CN¥53.68Down from CN¥64.94, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CN¥35.04. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥2.07 last year.
Price Target Changed • Aug 29Price target decreased by 8.6% to CN¥62.54Down from CN¥68.44, the current price target is an average from 2 analysts. New target price is 78% above last closing price of CN¥35.07. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.23 for next year compared to CN¥2.07 last year.
Price Target Changed • Nov 16Price target decreased to CN¥73.92Down from CN¥106, the current price target is provided by 1 analyst. New target price is 56% above last closing price of CN¥47.45. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.04 last year.
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.92b to CN¥2.62b. EPS estimate unchanged from CN¥2.73 per share at last update. Electronic industry in China expected to see average net income growth of 41% next year. Consensus price target down from CN¥106 to CN¥73.92. Share price fell 11% to CN¥49.25 over the past week.
Price Target Changed • Apr 27Price target decreased to CN¥73.92Down from CN¥106, the current price target is an average from 4 analysts. New target price is 52% above last closing price of CN¥48.70. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.73 for next year compared to CN¥2.04 last year.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥54.45, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 66x in the Electronic industry in China. Total returns to shareholders of 49% over the past three years.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥50.70, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 31% over the past three years.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥70.66, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 77x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years.
お知らせ • Jun 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
New Risk • Jun 18New major risk - Revenue and earnings growthEarnings have declined by 20% 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 (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 191% Earnings have declined by 20% per year over the past 5 years.
Declared Dividend • Jun 08Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (191% cash payout ratio). The dividend has increased by an average of 33% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 4.0% to bring the payout ratio under control. EPS is expected to grow by 24% over the next year, which is sufficient to bring the dividend into a sustainable range.
New Risk • Jun 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 191% Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change).
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥79.92, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 39x in the Electronic industry in China. Total returns to shareholders of 128% over the past three years.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥58.08, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 44% over the past three years.
お知らせ • Apr 24Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 25, 2026Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuzhou, Hunan China
Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.23 (up from CN¥0.13 in 1Q 2025). Revenue: CN¥366.5m (up 12% from 1Q 2025). Net income: CN¥93.9m (up 71% from 1Q 2025). Profit margin: 26% (up from 17% in 1Q 2025). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Mar 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.7% 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 (9.7% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Dec 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CN¥52.85, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 36% over the past three years.
Board Change • Dec 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Director Ying Zhang was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (7.4% average weekly change).
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.20 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥547.7m (up 27% from 3Q 2024). Net income: CN¥124.7m (up 55% from 3Q 2024). Profit margin: 23% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥45.31, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 6.7% over the past three years.
お知らせ • Sep 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025
Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: CN¥0.36 (vs CN¥0.25 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.36 (up from CN¥0.25 in 2Q 2024). Revenue: CN¥528.4m (up 20% from 2Q 2024). Net income: CN¥147.6m (up 44% from 2Q 2024). Profit margin: 28% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 02Zhuzhou Hongda Electronics Corp.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
New Risk • May 12New minor risk - Share price stabilityThe 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 Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin).
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥39.88, the stock trades at a trailing P/E ratio of 64.2x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years.
New Risk • May 07New major risk - Revenue and earnings growthEarnings have declined by 4.7% 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 Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (97% payout ratio). Profit margins are more than 30% lower than last year (16% net profit margin).
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 1.9% 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 Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin).
Reported Earnings • Apr 26Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CN¥0.68 (down from CN¥1.15 in FY 2023). Revenue: CN¥1.59b (down 7.1% from FY 2023). Net income: CN¥279.2m (down 41% from FY 2023). Profit margin: 18% (down from 28% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 14% 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, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 26Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 21, 2025Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 21, 2025, at 14:45 China Standard Time. Location: The Company's Meeting Room, Zhuzhou, Hunan China
お知らせ • Mar 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
分析記事 • Mar 11Why Investors Shouldn't Be Surprised By Zhuzhou Hongda Electronics Corp.,Ltd.'s (SZSE:300726) 29% Share Price SurgeZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) shareholders would be excited to see that the share price has had...
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥35.52, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 52% over the past three years.
分析記事 • Mar 10Returns On Capital Signal Tricky Times Ahead For Zhuzhou Hongda ElectronicsLtd (SZSE:300726)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...
分析記事 • Feb 06Is It Time To Consider Buying Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)?Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ), is not the largest company out there, but it saw significant...
分析記事 • Jan 18Market Still Lacking Some Conviction On Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)With a median price-to-earnings (or "P/E") ratio of close to 34x in China, you could be forgiven for feeling...
分析記事 • Jan 02Is Zhuzhou Hongda ElectronicsLtd (SZSE:300726) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Dec 31Zhuzhou Hongda Electronics Corp.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
分析記事 • Nov 17Returns On Capital Signal Tricky Times Ahead For Zhuzhou Hongda ElectronicsLtd (SZSE:300726)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
分析記事 • Nov 02We Think That There Are More Issues For Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Than Just Sluggish EarningsInvestors weren't pleased with the recent soft earnings report from Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726...
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥431.7m (up 5.8% from 3Q 2023). Net income: CN¥80.4m (down 22% from 3Q 2023). Profit margin: 19% (down from 25% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 25% per year.
Valuation Update With 7 Day Price Move • Oct 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥38.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 51% over the past three years.
お知らせ • Oct 19Zhuzhou Hongda Electronics Corp.,Ltd. Approves Board AppointmentsZhuzhou Hongda Electronics Corp.,Ltd. at its Extraordinary General Meeting held on 17 October 2024, approved election of Zhong Ruonong, Zeng Chen and Liu Chang as non-independent directors.
分析記事 • Oct 16At CN¥32.04, Is It Time To Put Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) On Your Watch List?Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ), might not be a large cap stock, but it received a lot of...
分析記事 • Sep 30Zhuzhou Hongda Electronics Corp.,Ltd.'s (SZSE:300726) 33% Share Price Surge Not Quite Adding UpZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) shares have continued their recent momentum with a 33% gain in...
New Risk • Sep 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.3% 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 (9.3% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin).
お知らせ • Sep 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 37%After last week's 37% share price gain to CN¥30.97, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 58% over the past three years.
分析記事 • Sep 15Does Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Have A Healthy Balance Sheet?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • Aug 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% 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: 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 (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin).
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.33 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.33 in 2Q 2023). Revenue: CN¥440.8m (flat on 2Q 2023). Net income: CN¥102.7m (down 25% from 2Q 2023). Profit margin: 23% (down from 31% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Aug 20Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.4% to CN¥21.93. The fair value is estimated to be CN¥28.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%.
Buy Or Sell Opportunity • Aug 02Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at CN¥22.49. The fair value is estimated to be CN¥28.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%.
分析記事 • Jul 30The Returns On Capital At Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Don't Inspire ConfidenceIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Jul 12Market Still Lacking Some Conviction On Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)With a price-to-earnings (or "P/E") ratio of 22.2x Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) may be sending...
お知らせ • Jun 29Zhuzhou Hongda Electronics Corp.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024
分析記事 • Jun 11Calculating The Fair Value Of Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)Key Insights Zhuzhou Hongda ElectronicsLtd's estimated fair value is CN¥24.79 based on 2 Stage Free Cash Flow to Equity...
分析記事 • May 23Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Will Pay A Smaller Dividend Than Last YearZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) is reducing its dividend from last year's comparable payment to...
Declared Dividend • May 23Dividend reduced to CN¥0.30Dividend of CN¥0.30 is 40% lower than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 20% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next year, which should provide support to the dividend and adequate earnings cover.
New Risk • May 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 25% Last year net profit margin: 39% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (25% net profit margin).
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.35 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.35 in 1Q 2023). Revenue: CN¥309.5m (down 20% from 1Q 2023). Net income: CN¥78.5m (down 46% from 1Q 2023). Profit margin: 25% (down from 38% in 1Q 2023). The decrease in margin was driven by lower revenue. 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, earnings per share has fallen by 12% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
分析記事 • Apr 25We Think You Can Look Beyond Zhuzhou Hongda ElectronicsLtd's (SZSE:300726) Lackluster EarningsSoft earnings didn't appear to concern Zhuzhou Hongda Electronics Corp.,Ltd.'s ( SZSE:300726 ) shareholders over the...
Reported Earnings • Apr 18Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥1.15 (down from CN¥2.07 in FY 2022). Revenue: CN¥1.71b (down 21% from FY 2022). Net income: CN¥471.7m (down 45% from FY 2022). Profit margin: 28% (down from 40% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 19% 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 fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 16Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 14, 2024Zhuzhou Hongda Electronics Corp.,Ltd., Annual General Meeting, May 14, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhuzhou, Hunan China
分析記事 • Apr 12Is Now An Opportune Moment To Examine Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726)?Zhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ), might not be a large cap stock, but it saw a double-digit share...
お知らせ • Mar 30Zhuzhou Hongda Electronics Corp.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Mar 25Returns On Capital At Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Paint A Concerning PictureFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
分析記事 • Mar 04Even With A 27% Surge, Cautious Investors Are Not Rewarding Zhuzhou Hongda Electronics Corp.,Ltd.'s (SZSE:300726) Performance CompletelyZhuzhou Hongda Electronics Corp.,Ltd. ( SZSE:300726 ) shareholders are no doubt pleased to see that the share price has...
分析記事 • Feb 29Zhuzhou Hongda ElectronicsLtd (SZSE:300726) Has A Pretty Healthy Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥20.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.86 per share.
お知らせ • Dec 29Zhuzhou Hongda Electronics Corp.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024Zhuzhou Hongda Electronics Corp.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.51 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.51 in 3Q 2022). Revenue: CN¥408.1m (down 29% from 3Q 2022). Net income: CN¥103.3m (down 51% from 3Q 2022). Profit margin: 25% (down from 37% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 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 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Sep 01Consensus revenue estimates fall by 22%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.66b to CN¥2.08b. EPS estimate fell from CN¥2.42 to CN¥1.87 per share. Net income forecast to grow 32% next year vs 65% growth forecast for Electronic industry in China. Consensus price target down from CN¥64.94 to CN¥53.68. Share price was steady at CN¥35.31 over the past week.
Price Target Changed • Aug 31Price target decreased by 17% to CN¥53.68Down from CN¥64.94, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CN¥35.04. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥2.07 last year.
Reported Earnings • Aug 30Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: CN¥0.33 (down from CN¥0.67 in 2Q 2022). Revenue: CN¥442.9m (down 34% from 2Q 2022). Net income: CN¥137.5m (down 50% from 2Q 2022). Profit margin: 31% (down from 41% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 36%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 25% p.a. on average during the next 3 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 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 29Price target decreased by 8.6% to CN¥62.54Down from CN¥68.44, the current price target is an average from 2 analysts. New target price is 78% above last closing price of CN¥35.07. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.23 for next year compared to CN¥2.07 last year.
New Risk • Jun 27New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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 (7.2% average weekly change).
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 28%After last week's 28% share price gain to CN¥47.46, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.84 per share.
お知らせ • May 10Zhuzhou Hongda Electronics Corp.,Ltd. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 16 May 2023Zhuzhou Hongda Electronics Corp.,Ltd. announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 5.00000000. Record date: 15 May 2023, Ex-date: 16 May 2023, Payment date: 16 May 2023.
Reported Earnings • Mar 31Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥2.07 (up from CN¥2.04 in FY 2021). Revenue: CN¥2.16b (up 7.9% from FY 2021). Net income: CN¥851.7m (up 4.4% from FY 2021). Profit margin: 40% (down from 41% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 18% 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 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target decreased to CN¥73.92Down from CN¥106, the current price target is provided by 1 analyst. New target price is 56% above last closing price of CN¥47.45. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.04 last year.
Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Chairman of the Board Ruo Nong Zhong is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.60 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.51 (down from CN¥0.60 in 3Q 2021). Revenue: CN¥578.0m (down 5.6% from 3Q 2021). Net income: CN¥211.5m (down 12% from 3Q 2021). Profit margin: 37% (down from 39% in 3Q 2021). The decrease in margin was driven by lower revenue. 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. Over the last 3 years on average, earnings per share has increased by 41% 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 • Aug 26Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥48.29, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 88% over the past three years.
Reported Earnings • Aug 20Second quarter 2022 earnings released: EPS: CN¥0.67 (vs CN¥0.57 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.67 (up from CN¥0.57 in 2Q 2021). Revenue: CN¥673.6m (up 24% from 2Q 2021). Net income: CN¥274.5m (up 20% from 2Q 2021). Profit margin: 41% (down from 42% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 42%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
お知らせ • May 21Zhuzhou Hongda Electronics Corp.,Ltd. Approves 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 26, 2022Zhuzhou Hongda Electronics Corp.,Ltd. approved 2021 final profit distribution plan to be implemented (A shares), payable on May 26, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 6.00000000 with ex-dividend date May 26, 2022 and record date May 25, 2022.
お知らせ • May 17Zhuzhou Hongda Electronics Corp.,Ltd. Approves Profit Distribution Plan For 2021Zhuzhou Hongda Electronics Corp.,Ltd. at its Annual General Meeting of 2021 held on 13 May 2022, approved profit distribution plan for 2021 as Cash dividend of CNY 6.00000000 per 10 shares (tax included).
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.92b to CN¥2.62b. EPS estimate unchanged from CN¥2.73 per share at last update. Electronic industry in China expected to see average net income growth of 41% next year. Consensus price target down from CN¥106 to CN¥73.92. Share price fell 11% to CN¥49.25 over the past week.
Price Target Changed • Apr 27Price target decreased to CN¥73.92Down from CN¥106, the current price target is an average from 4 analysts. New target price is 52% above last closing price of CN¥48.70. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.73 for next year compared to CN¥2.04 last year.
Board Change • Apr 27High number of new and inexperienced directorsThere are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Dahui Wang is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 23+ 1 more updateZhuzhou Hongda Electronics Corp.,Ltd. Proposes Profit Distribution for 2021Zhuzhou Hongda Electronics Corp.,Ltd. announced on 22 April 2022 the profit distribution proposal for 2021 as follows: Cash dividend/10 shares (tax included) of CNY 6.00000000.
Reported Earnings • Mar 12Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥2.04 (up from CN¥1.21 in FY 2020). Revenue: CN¥2.01b (up 43% from FY 2020). Net income: CN¥817.9m (up 69% from FY 2020). Profit margin: 41% (up from 35% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 63%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥100, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 433% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.82 per share.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥96.44, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 454% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.42 per share.
Reported Earnings • Oct 26Third quarter 2021 earnings released: EPS CN¥0.60 (vs CN¥0.36 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥612.4m (up 47% from 3Q 2020). Net income: CN¥239.3m (up 65% from 3Q 2020). Profit margin: 39% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 30Second quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.38 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥543.3m (up 45% from 2Q 2020). Net income: CN¥228.4m (up 52% from 2Q 2020). Profit margin: 42% (up from 40% 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 38% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 20Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) and Liang Xuefei acquired 37% stake in Zhuzhou Hongda Membrane Electric Co from Fan Jinhe for CNY 2.2 million.Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) and Liang Xuefei acquired 37% stake in Zhuzhou Hongda Membrane Electric Co from Fan Jinhe for CNY 2.2 million on August 9, 2021. As per terms, Zhuzhou Hongda Electronics Corp.,Ltd acquired 5% stake for CNY 0.295 million and Liang Xuefei acquired 32% stake for CNY 1.89 million on August 9, 2021. Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) and Liang Xuefei completed the acquisition of 37% stake in Zhuzhou Hongda Membrane Electric Co from Fan Jinhe on August 9, 2021.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥89.88, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 194% over the past three years.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥76.45, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 150% over the past three years.
Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥66.10, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 101% over the past three years.