Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.10, the stock trades at a trailing P/E ratio of 78.1x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 23% over the past three years. New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (9.1% average weekly change). Declared Dividend • Jul 03
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 8th July 2026 Payment date: 8th July 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is well covered by cash flows (32% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.9% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend. 공고 • Jun 30
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 공고 • Apr 29
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 29, 2026 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 29, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Gongyi, Henan China 공고 • Mar 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 공고 • Dec 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 공고 • Nov 05
Henan Hengxing Science & Technology Co.,Ltd. Approves Board Election Henan Hengxing Science & Technology Co.,Ltd. at the EGM held on 03 November 2025, approved election of Zhang Yunhong as non-independent director and Zhao Zhiying and Liu Zhenhui as independent director. 공고 • Sep 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 공고 • Jul 02
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 공고 • May 30
Henan Hengxing Science & Technology Co.,Ltd. Approves Final Cash Dividend for 2024 Henan Hengxing Science & Technology Co.,Ltd. at its AGM held on May 28, 2025, approved Cash dividend (tax included) of CNY 0.50000000 per ten shares for 2024. 공고 • Apr 25
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 28, 2025 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Gongyi, Henan China 공고 • Mar 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 공고 • Dec 31
Henan Hengxing Science & Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Oct 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Dividend is not well covered by earnings (334% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.028 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.004 (down from CN¥0.028 in 3Q 2023). Revenue: CN¥1.24b (up 4.3% from 3Q 2023). Net income: CN¥8.48m (down 53% from 3Q 2023). Profit margin: 0.7% (down from 1.5% in 3Q 2023). 공고 • Sep 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 공고 • Sep 24
Henan Hengxing Science & Technology Co.,Ltd. Approves Interim Dividend for the Year 2024 Henan Hengxing Science & Technology Co.,Ltd. approved at its EGM held on 20 September 2024 the interim cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2024. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.019 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.019 (in line with 2Q 2023). Revenue: CN¥1.33b (up 13% from 2Q 2023). Net income: CN¥12.1m (down 69% from 2Q 2023). Profit margin: 0.9% (down from 3.4% in 2Q 2023). 공고 • Jun 29
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 공고 • Jun 13
Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces an Equity Buyback for CNY 60 million worth of its shares. Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The repurchase price will not more than CNY 3.76 per Share. The purpose of the program is to maintain the company's value and shareholders' interests. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥2.09, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total loss to shareholders of 40% over the past year. 공고 • Apr 29
Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Henan Hengxing Science & Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Gongyi, Henan China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.001 loss per share (vs CN¥0.003 loss in 1Q 2023) First quarter 2024 results: CN¥0.001 loss per share (improved from CN¥0.003 loss in 1Q 2023). Revenue: CN¥1.13b (up 21% from 1Q 2023). Net loss: CN¥1.95m (loss narrowed 58% from 1Q 2023). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥2.41, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total loss to shareholders of 42% over the past year. 공고 • Mar 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 공고 • Feb 21
Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces an Equity Buyback for CNY 100 million worth of its shares. Henan Hengxing Science & Technology Co.,Ltd. (SZSE:002132) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 4.43 per Share. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥2.40, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 25x in the Metals and Mining industry in China. 공고 • Dec 29
Henan Hengxing Science & Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.014 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.028. Revenue: CN¥1.18b (up 7.6% from 3Q 2022). Net income: CN¥17.9m (down 3.9% from 3Q 2022). Profit margin: 1.5% (down from 1.7% in 3Q 2022). 공고 • Sep 30
Henan Hengxing Science & Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.06 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.019 (down from CN¥0.06 in 2Q 2022). Revenue: CN¥1.17b (down 21% from 2Q 2022). Net income: CN¥39.4m (down 49% from 2Q 2022). Profit margin: 3.4% (down from 5.2% in 2Q 2022). The decrease in margin was driven by lower revenue. 공고 • Jul 01
Henan Hengxing Science & Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Henan Hengxing Science & Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 공고 • Jun 14
Henan Hengxing Science & Technology Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 19, 2023 Henan Hengxing Science & Technology Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2022. Record date is June 16, 2023. Ex-date is May June 19, 2023. Payment date is June 19, 2023. 공고 • May 19
Henan Hengxing Science & Technology Co.,Ltd Approves the Final Cash Dividend for 2022 Henan Hengxing Science & Technology Co.,Ltd. at its annual general meeting of 2022 held on 15 May 2023, approved the final cash dividend of CNY 0.50000000 per ten share (tax included) for 2022. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in FY 2021) Full year 2022 results: EPS: CN¥0.14 (up from CN¥0.11 in FY 2021). Revenue: CN¥4.42b (up 30% from FY 2021). Net income: CN¥187.5m (up 34% from FY 2021). Profit margin: 4.2% (up from 4.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China.