View Financial HealthSichuan Changhong ElectricLtd 배당 및 자사주 매입배당 기준 점검 0/6Sichuan Changhong ElectricLtd 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률0.5%자사주 매입 수익률총 주주 수익률0.5%미래 배당 수익률n/a배당 성장률15.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트공시 • May 09Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces an Equity Buyback for CNY 500 million worth of its shares.Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its Class A common stock. The shares will be repurchased at a purchase of CNY 14 per share. The shares repurchased will be used for equity incentives. The Company will use its own funds and/or self raised funds to source the buyback. The program is subject to company's shareholders' meeting approval. The program will be valid for 12 months from shareholder's approval.모든 업데이트 보기Recent updatesNew Risk • Apr 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 124% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.021 (vs CN¥0.075 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.021 (down from CN¥0.075 in 1Q 2025). Revenue: CN¥27.3b (up 1.6% from 1Q 2025). Net income: CN¥98.5m (down 72% from 1Q 2025). Profit margin: 0.4% (down from 1.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 30Sichuan Changhong Electric Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Sichuan Changhong Electric Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026공시 • Jan 08Changhong Unveils AI-Powered Smart Home Solutions at CES 2026The 2026 International Consumer Electronics Show (CES 2026) opened on January 6 in Las Vegas, bringing together leading global technology companies. As the barometer of industry trends, CES highlights rapid advances in consumer electronics. This year, Changhong presented a new portfolio of AI-driven home appliances under the concept of "AI Technology + Human-Centric Design", blending advanced intelligence with a distinctive design identity. Changhong is accelerating the integration of AI across its home-appliance lineup. Its panda-themed AI series merges this widely welcomed Chinese cultural symbol with AI capabilities, utilising anthropomorphic interaction, environmental sensing, and adaptive control to recreate a naturally intuitive and comforting user experience. The AI TV features the intelligent "Panda Xiaobai," offering round-the-clock interaction. Complementing it, the AI refrigerator introduces cloud-based humidity control to maintain ingredients in an optimized freshness chamber, while the AI air conditioner delivers a gentle adaptive cooling experience reminiscent of a natural breeze. Completing the ecosystem, the AI washing machine employs triple-power cleaning for efficient fabric care. Blending everyday technology with humanistic warmth, Changhong aims to create smart home experiences that feel more intuitive and emotionally engaging. Moreover, Changhong also unveiled several breakthroughs: The 100-inch RGB MiniLED TV, boasts an ultra-slim profile, an anti-glare display, and immersive audiovisual performance, complemented by large-scale AI models like DeepSeek for enhanced voice interaction. The AI Air Manager 360deg air conditioner extends beyond temperature control to incorporate air-quality management, learning user habits to optimize comfort and energy efficiency. The full-space preservation refrigerator applies AI freshness algorithms and dual-system temperature control to eliminate odor mixing and temperature fluctuations. The AI washer-dryer set intelligently identifies fabric types and automatically adjusts washing programs. Changhong presents a holistic smart home ecosystem designed around user experience, further enhancing its visibility and presence in the international smart home landscape. Driven by its global "Technology + Sports" branding strategy, the brand has established an overseas network encompassing R&D, manufacturing, products, and services. Through intelligent sensing, natural interaction, and multi-scenario coordination, its AI appliances deliver a more efficient, convenient, and comfortable home experience, reflecting the Company's forward-looking vision for smart living. Through its fusion of AI innovation and vivid design, Changhong is shaping a distinct global brand presence, delivering smart home solutions that resonate both emotionally and technologically with users worldwide.공시 • Dec 26Sichuan Changhong Electric Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026Sichuan Changhong Electric Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.014 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.014 in 3Q 2024). Revenue: CN¥25.2b (down 2.7% from 3Q 2024). Net income: CN¥506.9m (up CN¥442.8m from 3Q 2024). Profit margin: 2.0% (up from 0.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.공시 • Sep 30Sichuan Changhong Electric Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.034 (vs CN¥0.023 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.034 (up from CN¥0.023 in 2Q 2024). Revenue: CN¥29.9b (up 8.0% from 2Q 2024). Net income: CN¥155.4m (up 48% from 2Q 2024). Profit margin: 0.5% (up from 0.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥11.67, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 34x in the Consumer Durables industry in China. Total returns to shareholders of 320% over the past three years.공시 • Jun 30Sichuan Changhong Electric Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025공시 • Jun 05Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 26, 2025Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 26, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Mianyang, Sichuan China공시 • May 09Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces an Equity Buyback for CNY 500 million worth of its shares.Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its Class A common stock. The shares will be repurchased at a purchase of CNY 14 per share. The shares repurchased will be used for equity incentives. The Company will use its own funds and/or self raised funds to source the buyback. The program is subject to company's shareholders' meeting approval. The program will be valid for 12 months from shareholder's approval.New Risk • May 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% 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. Large one-off items impacting financial results.Reported Earnings • Apr 27First quarter 2025 earnings released: EPS: CN¥0.075 (vs CN¥0.038 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.075 (up from CN¥0.038 in 1Q 2024). Revenue: CN¥26.8b (up 13% from 1Q 2024). Net income: CN¥345.5m (up 97% from 1Q 2024). Profit margin: 1.3% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 28Sichuan Changhong Electric Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025공시 • Mar 21Changhong Showcases AI-Driven Home Appliances, Paving A New Path for Brand ElevationAt the Appliance & Electronics World Expo (AWE 2025) opened on March 20 in Shanghai, Changhong unveiled a comprehensive suite of AI-driven home appliances. Highlights included an industry-first emotional-healing AI TV, a dual-zone PRO air conditioner for combined spaces, and communication modules for the emerging low-altitude economy. These innovations emphasize Changhong's technological expertise and comprehensive AI capabilities in consumer electronics, while also signaling its entry into evolving industries. At the event, Changhong debuted the Q10Air, its industry- first emotional-healing AI TV. The display features the pioneering penetrating diffuse reflection technology, where the AI light wing dynamically adjusts color and presentation based on on-screen activity, aiming to enhance the user's emotional engagement. Changhong also introduced the dual-zone PRO air conditioners for combined living and dining spaces. This AI-powered system offers a comprehensive upgrade in user experience, specifically designed to meet the needs of integrated environments. Changhong's subsidiary, AI-Link Technology, also unveiled the WF-H105-ESA2, the latest communication module for the low-altitude economy, exemplifying Changhong's capability to empower industry partners with technology in this burgeoning sector. To meet modern lifestyle expectations, Changhong is enhancing daily life with AI and advanced technologies in kitchen and laundry applications, offering more personalized care. At Changhong's booth, the Pure Color series refrigerator impresses with its high capacity and AI-driven rapidice-making in 60 minutes. Its ultra-thin design appeals to younger consumers, enhancing aesthetics and lifestyle. The exhibition showcased residential and commercial refrigeration equipment, including the Blue oxygen washing and drying set, highlighting Changhong's technological advancements. Notable exhibits included the M Fresh Life, Frozen Fresh Life, Worry-free Embedded Pro, and more. The Changhong Smart Home System integrates intelligent control, energy efficiency, and security, offering energy savings and AI-driven solutions for personalized household needs. Changhong's extensive product at AWE 2025 highlighted its shift from traditional home appliance production to smart manufacturing. The presence of voice actors from the hit Ne Zha animated movie series added a cultural touch to Changhong's booth, enhancing its impact at the event.Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.29, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 185% over the past three years.공시 • Dec 27Sichuan Changhong Electric Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025공시 • Dec 18+ 1 more updateSichuan Changhong Electric Co.,Ltd.(SHSE:600839) dropped from Shanghai Stock Exchange 180 Value IndexSichuan Changhong Electric Co.,Ltdremoved.New Risk • Oct 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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 (11% average weekly change). Large one-off items impacting financial results.Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.06 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.014 (down from CN¥0.06 in 3Q 2023). Revenue: CN¥25.9b (up 11% from 3Q 2023). Net income: CN¥64.1m (down 77% from 3Q 2023). Profit margin: 0.2% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 17Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥7.37, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 20x in the Consumer Durables industry in China. Total returns to shareholders of 170% over the past three years.공시 • Sep 30Sichuan Changhong Electric Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Sichuan Changhong Electric Co.,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 18%After last week's 18% share price gain to CN¥5.91, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 111% over the past three years.New Risk • Sep 07New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: CN¥0.023 (vs CN¥0.026 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.023 (down from CN¥0.026 in 2Q 2023). Revenue: CN¥27.6b (up 17% from 2Q 2023). Net income: CN¥104.8m (down 12% from 2Q 2023). Profit margin: 0.4% (down from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥4.84, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 73% over the past three years.공시 • Jun 28Sichuan Changhong Electric Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024Sichuan Changhong Electric Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024Board Change • Jun 12High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Qu Qing is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Jun 05Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 25, 2024Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 25, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Mianyang, Sichuan ChinaNew Risk • Apr 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% 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. Large one-off items impacting financial results.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.038 (vs CN¥0.018 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.038 (up from CN¥0.018 in 1Q 2023). Revenue: CN¥23.8b (up 3.6% from 1Q 2023). Net income: CN¥175.7m (up 112% from 1Q 2023). Profit margin: 0.7% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.공시 • Mar 29Sichuan Changhong Electric Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024Sichuan Changhong Electric Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024Buy Or Sell Opportunity • Feb 26Now 27% overvaluedOver the last 90 days, the stock has fallen 13% to CN¥5.08. The fair value is estimated to be CN¥4.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Feb 07Now 26% overvaluedOver the last 90 days, the stock has fallen 35% to CN¥4.34. The fair value is estimated to be CN¥3.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥3.79, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 60% over the past three years.공시 • Dec 30Sichuan Changhong Electric Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Sichuan Changhong Electric Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.63, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 134% over the past three years.Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.016 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.016 in 3Q 2022). Revenue: CN¥23.4b (up 1.1% from 3Q 2022). Net income: CN¥276.6m (up 273% from 3Q 2022). Profit margin: 1.2% (up from 0.3% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥5.19, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 26x in the Consumer Durables industry in China. Total returns to shareholders of 82% over the past three years.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.022 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.026 (up from CN¥0.022 in 2Q 2022). Revenue: CN¥23.7b (flat on 2Q 2022). Net income: CN¥119.2m (up 17% from 2Q 2022). Profit margin: 0.5% (up from 0.4% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.011 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.018 (up from CN¥0.011 in 1Q 2022). Revenue: CN¥22.9b (up 14% from 1Q 2022). Net income: CN¥83.0m (up 65% from 1Q 2022). Profit margin: 0.4% (up from 0.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 76% 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 • Mar 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥3.64, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 29% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Qu Qing was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.017 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.017 in 3Q 2021). Revenue: CN¥23.2b (down 2.0% from 3Q 2021). Net income: CN¥74.1m (down 3.7% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.015 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.015 in 2Q 2021). Revenue: CN¥23.9b (down 6.0% from 2Q 2021). Net income: CN¥101.7m (up 42% from 2Q 2021). Profit margin: 0.4% (up from 0.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.011 (up from CN¥0.005 in 1Q 2021). Revenue: CN¥20.1b (down 16% from 1Q 2021). Net income: CN¥50.3m (up 144% from 1Q 2021). Profit margin: 0.3% (up from 0.1% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Qu Qing was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.028 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥23.6b (down 10% from 3Q 2020). Net income: CN¥77.0m (down 41% from 3Q 2020). Profit margin: 0.3% (down from 0.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Sep 21Sichuan Changhong Electric Co., Ltd.'s CHiQ to Enter Indonesian Market with Release of Signature Smart TV SeriesSichuan Changhong Electric Co. Ltd. announced that its medium and high-end smart home appliances brand CHiQ will enter the Indonesian market with the goal of making available to the country's shoppers products that raise the bar both in the terms of ease-of-use as well as intelligence. As its first entry in the Indonesian market, CHiQ will release the G7P smart TV series loaded with the latest Android 11 system and several new technologies including dbx-tv, 2.4G/5G dual-frequency WiFi and HDR 10. At the same time, CHiQ will also release a borderless G7PF Series TV equipped with far-field voice, Dolby Audio, Dolby Vision and other features. The CHiQ TV development team has always been committed to delivering an intelligent home theater connected to the Internet of Everything combined with a viewing experience enhanced by best in audio-visual effects. CHiQ Indonesia's general manager Mr. Luo explained that stores have already been opened on Indonesia's most popular e-commerce platforms, with all product lineups becoming simultaneously available in each outlet. Meanwhile, the brand is hosting CHiQ Brand Day, a promotional event in concert with e-commerce platforms JD.ID and Shopee. CHiQ plans further expansion in the Indonesian market with additional enrichment of product lines and categories as well as continuous upgrades of product in terms of both quality and service, providing Indonesian consumers with ever more comprehensive intelligent home appliances in tandem with customer-first services. CHiQ's parent company Changhong has entered Indonesia as zearly as 1998, becoming the first Chinese home appliance brand to set up business on the archipelago. With plans on remaining faithful to the corporate mantra of "Creating a well-known smart home appliance brand and building a world-class industry leader", CHiQ will further the expansion into the Indonesian e-commerce market, offering a growing lineup of smarter products to Indonesian shoppers, and constantly exploring new opportunities.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.02 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥25.4b (up 17% from 2Q 2020). Net income: CN¥71.7m (down 22% from 2Q 2020). Profit margin: 0.3% (down from 0.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • May 09An unknown buyer agreed to acquire 6.87% stake in Changhong Jiahua Holdings Limited (SEHK:3991) from Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) for HKD 90 million.An unknown buyer agreed to acquire 6.87% stake in Changhong Jiahua Holdings Limited (SEHK:3991) from Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) for HKD 90 million on May 7, 2021. Under the terms, consideration is HKD 0.9 per shares and after transaction Sichuan Changhong will hold 58.3% stake. Transaction is expected to complete on June 2, 2021.Is New 90 Day High Low • Jan 28New 90-day low: CN¥2.65The company is down 3.0% from its price of CN¥2.73 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period.Is New 90 Day High Low • Jan 11New 90-day low: CN¥2.70The company is down 9.0% from its price of CN¥2.96 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period.Is New 90 Day High Low • Dec 16New 90-day high: CN¥3.09The company is up 3.0% from its price of CN¥3.00 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 10.0% over the same period.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥108.7m, with earnings decreasing by CN¥264.3m from the prior year. Total revenue was CN¥91.0b over the last 12 months, up 3.6% from the prior year.Is New 90 Day High Low • Oct 23New 90-day low: CN¥2.83The company is down 2.0% from its price of CN¥2.89 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period.Is New 90 Day High Low • Oct 01New 90-day low: CN¥2.87The company is down 6.0% from its price of CN¥3.04 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 8.0% over the same period.공시 • Jul 09Sichuan Changhong Electric Co.,Ltd. to Report First Half, 2020 Results on Aug 22, 2020Sichuan Changhong Electric Co.,Ltd. announced that they will report first half, 2020 results on Aug 22, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 600839 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: 600839 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Sichuan Changhong ElectricLtd 배당 수익률 vs 시장600839의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (600839)0%시장 하위 25% (CN)0.4%시장 상위 25% (CN)1.9%업계 평균 (Consumer Durables)4.3%분석가 예측 (600839) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 600839 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 600839 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 600839 CN 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: 600839 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/18 12:25종가2026/05/18 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Sichuan Changhong Electric Co.,Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Wei HeChina International Capital Corporation LimitedYali HuCitic Securities Co., Ltd.Wei HeEverbright Securities Co. Ltd.2명의 분석가 더 보기
공시 • May 09Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces an Equity Buyback for CNY 500 million worth of its shares.Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its Class A common stock. The shares will be repurchased at a purchase of CNY 14 per share. The shares repurchased will be used for equity incentives. The Company will use its own funds and/or self raised funds to source the buyback. The program is subject to company's shareholders' meeting approval. The program will be valid for 12 months from shareholder's approval.
New Risk • Apr 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 124% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.021 (vs CN¥0.075 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.021 (down from CN¥0.075 in 1Q 2025). Revenue: CN¥27.3b (up 1.6% from 1Q 2025). Net income: CN¥98.5m (down 72% from 1Q 2025). Profit margin: 0.4% (down from 1.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 30Sichuan Changhong Electric Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Sichuan Changhong Electric Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
공시 • Jan 08Changhong Unveils AI-Powered Smart Home Solutions at CES 2026The 2026 International Consumer Electronics Show (CES 2026) opened on January 6 in Las Vegas, bringing together leading global technology companies. As the barometer of industry trends, CES highlights rapid advances in consumer electronics. This year, Changhong presented a new portfolio of AI-driven home appliances under the concept of "AI Technology + Human-Centric Design", blending advanced intelligence with a distinctive design identity. Changhong is accelerating the integration of AI across its home-appliance lineup. Its panda-themed AI series merges this widely welcomed Chinese cultural symbol with AI capabilities, utilising anthropomorphic interaction, environmental sensing, and adaptive control to recreate a naturally intuitive and comforting user experience. The AI TV features the intelligent "Panda Xiaobai," offering round-the-clock interaction. Complementing it, the AI refrigerator introduces cloud-based humidity control to maintain ingredients in an optimized freshness chamber, while the AI air conditioner delivers a gentle adaptive cooling experience reminiscent of a natural breeze. Completing the ecosystem, the AI washing machine employs triple-power cleaning for efficient fabric care. Blending everyday technology with humanistic warmth, Changhong aims to create smart home experiences that feel more intuitive and emotionally engaging. Moreover, Changhong also unveiled several breakthroughs: The 100-inch RGB MiniLED TV, boasts an ultra-slim profile, an anti-glare display, and immersive audiovisual performance, complemented by large-scale AI models like DeepSeek for enhanced voice interaction. The AI Air Manager 360deg air conditioner extends beyond temperature control to incorporate air-quality management, learning user habits to optimize comfort and energy efficiency. The full-space preservation refrigerator applies AI freshness algorithms and dual-system temperature control to eliminate odor mixing and temperature fluctuations. The AI washer-dryer set intelligently identifies fabric types and automatically adjusts washing programs. Changhong presents a holistic smart home ecosystem designed around user experience, further enhancing its visibility and presence in the international smart home landscape. Driven by its global "Technology + Sports" branding strategy, the brand has established an overseas network encompassing R&D, manufacturing, products, and services. Through intelligent sensing, natural interaction, and multi-scenario coordination, its AI appliances deliver a more efficient, convenient, and comfortable home experience, reflecting the Company's forward-looking vision for smart living. Through its fusion of AI innovation and vivid design, Changhong is shaping a distinct global brand presence, delivering smart home solutions that resonate both emotionally and technologically with users worldwide.
공시 • Dec 26Sichuan Changhong Electric Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026Sichuan Changhong Electric Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026
Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.014 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.014 in 3Q 2024). Revenue: CN¥25.2b (down 2.7% from 3Q 2024). Net income: CN¥506.9m (up CN¥442.8m from 3Q 2024). Profit margin: 2.0% (up from 0.2% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Sep 30Sichuan Changhong Electric Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025
Reported Earnings • Aug 31Second quarter 2025 earnings released: EPS: CN¥0.034 (vs CN¥0.023 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.034 (up from CN¥0.023 in 2Q 2024). Revenue: CN¥29.9b (up 8.0% from 2Q 2024). Net income: CN¥155.4m (up 48% from 2Q 2024). Profit margin: 0.5% (up from 0.4% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥11.67, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 34x in the Consumer Durables industry in China. Total returns to shareholders of 320% over the past three years.
공시 • Jun 30Sichuan Changhong Electric Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
공시 • Jun 05Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 26, 2025Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 26, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Mianyang, Sichuan China
공시 • May 09Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces an Equity Buyback for CNY 500 million worth of its shares.Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) announces a share repurchase program. Under the program, the company will repurchase up to CNY 500 million worth of its Class A common stock. The shares will be repurchased at a purchase of CNY 14 per share. The shares repurchased will be used for equity incentives. The Company will use its own funds and/or self raised funds to source the buyback. The program is subject to company's shareholders' meeting approval. The program will be valid for 12 months from shareholder's approval.
New Risk • May 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% 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. Large one-off items impacting financial results.
Reported Earnings • Apr 27First quarter 2025 earnings released: EPS: CN¥0.075 (vs CN¥0.038 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.075 (up from CN¥0.038 in 1Q 2024). Revenue: CN¥26.8b (up 13% from 1Q 2024). Net income: CN¥345.5m (up 97% from 1Q 2024). Profit margin: 1.3% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 28Sichuan Changhong Electric Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
공시 • Mar 21Changhong Showcases AI-Driven Home Appliances, Paving A New Path for Brand ElevationAt the Appliance & Electronics World Expo (AWE 2025) opened on March 20 in Shanghai, Changhong unveiled a comprehensive suite of AI-driven home appliances. Highlights included an industry-first emotional-healing AI TV, a dual-zone PRO air conditioner for combined spaces, and communication modules for the emerging low-altitude economy. These innovations emphasize Changhong's technological expertise and comprehensive AI capabilities in consumer electronics, while also signaling its entry into evolving industries. At the event, Changhong debuted the Q10Air, its industry- first emotional-healing AI TV. The display features the pioneering penetrating diffuse reflection technology, where the AI light wing dynamically adjusts color and presentation based on on-screen activity, aiming to enhance the user's emotional engagement. Changhong also introduced the dual-zone PRO air conditioners for combined living and dining spaces. This AI-powered system offers a comprehensive upgrade in user experience, specifically designed to meet the needs of integrated environments. Changhong's subsidiary, AI-Link Technology, also unveiled the WF-H105-ESA2, the latest communication module for the low-altitude economy, exemplifying Changhong's capability to empower industry partners with technology in this burgeoning sector. To meet modern lifestyle expectations, Changhong is enhancing daily life with AI and advanced technologies in kitchen and laundry applications, offering more personalized care. At Changhong's booth, the Pure Color series refrigerator impresses with its high capacity and AI-driven rapidice-making in 60 minutes. Its ultra-thin design appeals to younger consumers, enhancing aesthetics and lifestyle. The exhibition showcased residential and commercial refrigeration equipment, including the Blue oxygen washing and drying set, highlighting Changhong's technological advancements. Notable exhibits included the M Fresh Life, Frozen Fresh Life, Worry-free Embedded Pro, and more. The Changhong Smart Home System integrates intelligent control, energy efficiency, and security, offering energy savings and AI-driven solutions for personalized household needs. Changhong's extensive product at AWE 2025 highlighted its shift from traditional home appliance production to smart manufacturing. The presence of voice actors from the hit Ne Zha animated movie series added a cultural touch to Changhong's booth, enhancing its impact at the event.
Valuation Update With 7 Day Price Move • Jan 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥9.29, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 185% over the past three years.
공시 • Dec 27Sichuan Changhong Electric Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Sichuan Changhong Electric Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
공시 • Dec 18+ 1 more updateSichuan Changhong Electric Co.,Ltd.(SHSE:600839) dropped from Shanghai Stock Exchange 180 Value IndexSichuan Changhong Electric Co.,Ltdremoved.
New Risk • Oct 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% 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 (11% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.014 (vs CN¥0.06 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.014 (down from CN¥0.06 in 3Q 2023). Revenue: CN¥25.9b (up 11% from 3Q 2023). Net income: CN¥64.1m (down 77% from 3Q 2023). Profit margin: 0.2% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 17Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥7.37, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 20x in the Consumer Durables industry in China. Total returns to shareholders of 170% over the past three years.
공시 • Sep 30Sichuan Changhong Electric Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Sichuan Changhong Electric Co.,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 18%After last week's 18% share price gain to CN¥5.91, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 111% over the past three years.
New Risk • Sep 07New 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Aug 24Second quarter 2024 earnings released: EPS: CN¥0.023 (vs CN¥0.026 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.023 (down from CN¥0.026 in 2Q 2023). Revenue: CN¥27.6b (up 17% from 2Q 2023). Net income: CN¥104.8m (down 12% from 2Q 2023). Profit margin: 0.4% (down from 0.5% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥4.84, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 73% over the past three years.
공시 • Jun 28Sichuan Changhong Electric Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024Sichuan Changhong Electric Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024
Board Change • Jun 12High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Qu Qing is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Jun 05Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 25, 2024Sichuan Changhong Electric Co.,Ltd., Annual General Meeting, Jun 25, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Mianyang, Sichuan China
New Risk • Apr 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% 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. Large one-off items impacting financial results.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.038 (vs CN¥0.018 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.038 (up from CN¥0.018 in 1Q 2023). Revenue: CN¥23.8b (up 3.6% from 1Q 2023). Net income: CN¥175.7m (up 112% from 1Q 2023). Profit margin: 0.7% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year.
공시 • Mar 29Sichuan Changhong Electric Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024Sichuan Changhong Electric Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
Buy Or Sell Opportunity • Feb 26Now 27% overvaluedOver the last 90 days, the stock has fallen 13% to CN¥5.08. The fair value is estimated to be CN¥4.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Feb 07Now 26% overvaluedOver the last 90 days, the stock has fallen 35% to CN¥4.34. The fair value is estimated to be CN¥3.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥3.79, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 60% over the past three years.
공시 • Dec 30Sichuan Changhong Electric Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Sichuan Changhong Electric Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥6.63, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 134% over the past three years.
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.016 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.016 in 3Q 2022). Revenue: CN¥23.4b (up 1.1% from 3Q 2022). Net income: CN¥276.6m (up 273% from 3Q 2022). Profit margin: 1.2% (up from 0.3% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥5.19, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 26x in the Consumer Durables industry in China. Total returns to shareholders of 82% over the past three years.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.022 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.026 (up from CN¥0.022 in 2Q 2022). Revenue: CN¥23.7b (flat on 2Q 2022). Net income: CN¥119.2m (up 17% from 2Q 2022). Profit margin: 0.5% (up from 0.4% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.011 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.018 (up from CN¥0.011 in 1Q 2022). Revenue: CN¥22.9b (up 14% from 1Q 2022). Net income: CN¥83.0m (up 65% from 1Q 2022). Profit margin: 0.4% (up from 0.3% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 76% 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 • Mar 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥3.64, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 29% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Qu Qing was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.016 (vs CN¥0.017 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.016 (down from CN¥0.017 in 3Q 2021). Revenue: CN¥23.2b (down 2.0% from 3Q 2021). Net income: CN¥74.1m (down 3.7% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.015 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.015 in 2Q 2021). Revenue: CN¥23.9b (down 6.0% from 2Q 2021). Net income: CN¥101.7m (up 42% from 2Q 2021). Profit margin: 0.4% (up from 0.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 02First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.011 (up from CN¥0.005 in 1Q 2021). Revenue: CN¥20.1b (down 16% from 1Q 2021). Net income: CN¥50.3m (up 144% from 1Q 2021). Profit margin: 0.3% (up from 0.1% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Qu Qing was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.028 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥23.6b (down 10% from 3Q 2020). Net income: CN¥77.0m (down 41% from 3Q 2020). Profit margin: 0.3% (down from 0.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Sep 21Sichuan Changhong Electric Co., Ltd.'s CHiQ to Enter Indonesian Market with Release of Signature Smart TV SeriesSichuan Changhong Electric Co. Ltd. announced that its medium and high-end smart home appliances brand CHiQ will enter the Indonesian market with the goal of making available to the country's shoppers products that raise the bar both in the terms of ease-of-use as well as intelligence. As its first entry in the Indonesian market, CHiQ will release the G7P smart TV series loaded with the latest Android 11 system and several new technologies including dbx-tv, 2.4G/5G dual-frequency WiFi and HDR 10. At the same time, CHiQ will also release a borderless G7PF Series TV equipped with far-field voice, Dolby Audio, Dolby Vision and other features. The CHiQ TV development team has always been committed to delivering an intelligent home theater connected to the Internet of Everything combined with a viewing experience enhanced by best in audio-visual effects. CHiQ Indonesia's general manager Mr. Luo explained that stores have already been opened on Indonesia's most popular e-commerce platforms, with all product lineups becoming simultaneously available in each outlet. Meanwhile, the brand is hosting CHiQ Brand Day, a promotional event in concert with e-commerce platforms JD.ID and Shopee. CHiQ plans further expansion in the Indonesian market with additional enrichment of product lines and categories as well as continuous upgrades of product in terms of both quality and service, providing Indonesian consumers with ever more comprehensive intelligent home appliances in tandem with customer-first services. CHiQ's parent company Changhong has entered Indonesia as zearly as 1998, becoming the first Chinese home appliance brand to set up business on the archipelago. With plans on remaining faithful to the corporate mantra of "Creating a well-known smart home appliance brand and building a world-class industry leader", CHiQ will further the expansion into the Indonesian e-commerce market, offering a growing lineup of smarter products to Indonesian shoppers, and constantly exploring new opportunities.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.02 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥25.4b (up 17% from 2Q 2020). Net income: CN¥71.7m (down 22% from 2Q 2020). Profit margin: 0.3% (down from 0.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • May 09An unknown buyer agreed to acquire 6.87% stake in Changhong Jiahua Holdings Limited (SEHK:3991) from Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) for HKD 90 million.An unknown buyer agreed to acquire 6.87% stake in Changhong Jiahua Holdings Limited (SEHK:3991) from Sichuan Changhong Electric Co.,Ltd. (SHSE:600839) for HKD 90 million on May 7, 2021. Under the terms, consideration is HKD 0.9 per shares and after transaction Sichuan Changhong will hold 58.3% stake. Transaction is expected to complete on June 2, 2021.
Is New 90 Day High Low • Jan 28New 90-day low: CN¥2.65The company is down 3.0% from its price of CN¥2.73 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period.
Is New 90 Day High Low • Jan 11New 90-day low: CN¥2.70The company is down 9.0% from its price of CN¥2.96 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 19% over the same period.
Is New 90 Day High Low • Dec 16New 90-day high: CN¥3.09The company is up 3.0% from its price of CN¥3.00 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 10.0% over the same period.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥108.7m, with earnings decreasing by CN¥264.3m from the prior year. Total revenue was CN¥91.0b over the last 12 months, up 3.6% from the prior year.
Is New 90 Day High Low • Oct 23New 90-day low: CN¥2.83The company is down 2.0% from its price of CN¥2.89 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period.
Is New 90 Day High Low • Oct 01New 90-day low: CN¥2.87The company is down 6.0% from its price of CN¥3.04 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 8.0% over the same period.
공시 • Jul 09Sichuan Changhong Electric Co.,Ltd. to Report First Half, 2020 Results on Aug 22, 2020Sichuan Changhong Electric Co.,Ltd. announced that they will report first half, 2020 results on Aug 22, 2020