Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zixue Zhou was the last independent 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: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 29
Xianhe Co.,Ltd., Annual General Meeting, May 19, 2026 Xianhe Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Quzhou, Zhejiang China 공시 • Mar 30
Xianhe Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Xianhe Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 공시 • Dec 26
Xianhe Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Xianhe Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 공시 • Sep 30
Xianhe Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Xianhe Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 공시 • Jun 30
Xianhe Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Xianhe Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 공시 • Apr 29
Xianhe Co.,Ltd., Annual General Meeting, May 20, 2025 Xianhe Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. 공시 • Mar 28
Xianhe Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Xianhe Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 공시 • Dec 27
Xianhe Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Xianhe Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.38 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥2.66b (up 8.7% from 3Q 2023). Net income: CN¥266.6m (up 33% from 3Q 2023). Profit margin: 10.0% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. 공시 • Sep 30
Xianhe Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Xianhe Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.74, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Forestry industry in China. Total loss to shareholders of 43% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.087 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.087 in 2Q 2023). Revenue: CN¥2.39b (up 24% from 2Q 2023). Net income: CN¥281.6m (up 381% from 2Q 2023). Profit margin: 12% (up from 3.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. 공시 • Jun 28
Xianhe Co.,Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Xianhe Co.,Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Declared Dividend • Jun 22
Dividend increased to CN¥0.35 Dividend of CN¥0.35 is 13% higher than last year. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 1.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 9.5% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.2% net profit margin). 공시 • Apr 29
Xianhe Co.,Ltd., Annual General Meeting, May 17, 2024 Xianhe Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Quzhou, Zhejiang China 공시 • Mar 29
Xianhe Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Xianhe Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Forestry industry in China. Total loss to shareholders of 46% over the past three years. 공시 • Dec 29
Xianhe Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Xianhe Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28 (down from CN¥0.30 in 3Q 2022). Revenue: CN¥2.45b (up 28% from 3Q 2022). Net income: CN¥201.2m (down 5.5% from 3Q 2022). Profit margin: 8.2% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Sep 27
Less than half of directors are independent Following 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. 4 non-independent directors. Independent Director Zixue Zhou was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.087 (vs CN¥0.29 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.087 (down from CN¥0.29 in 2Q 2022). Revenue: CN¥1.93b (flat on 2Q 2022). Net income: CN¥58.5m (down 72% from 2Q 2022). Profit margin: 3.0% (down from 11% in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. 공시 • Jun 28
Xianhe Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Xianhe Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥1.01 (vs CN¥1.44 in FY 2021) Full year 2022 results: EPS: CN¥1.01 (down from CN¥1.44 in FY 2021). Revenue: CN¥7.74b (up 29% from FY 2021). Net income: CN¥710.3m (down 30% from FY 2021). Profit margin: 9.2% (down from 17% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.42 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.42 in 3Q 2021). Revenue: CN¥1.91b (up 30% from 3Q 2021). Net income: CN¥212.8m (down 28% from 3Q 2021). Profit margin: 11% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Forestry industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.29 (vs CN¥0.46 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.29 (down from CN¥0.46 in 2Q 2021). Revenue: CN¥1.92b (up 41% from 2Q 2021). Net income: CN¥208.2m (down 37% from 2Q 2021). Profit margin: 11% (down from 24% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 31%, compared to a 43% growth forecast for the Forestry industry in China. 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 26% per year. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.40 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.40 in 1Q 2021). Revenue: CN¥1.68b (up 10.0% from 1Q 2021). Net income: CN¥146.0m (down 48% from 1Q 2021). Profit margin: 8.7% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 33%, compared to a 52% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.32 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.48b (up 13% from 3Q 2020). Net income: CN¥294.3m (up 39% from 3Q 2020). Profit margin: 20% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.46 (vs CN¥0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.36b (up 21% from 2Q 2020). Net income: CN¥329.1m (up 85% from 2Q 2020). Profit margin: 24% (up from 16% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥37.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Forestry industry in China. Total returns to shareholders of 130% over the past year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥31.36, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Forestry industry in China. Total returns to shareholders of 102% over the past year. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.17 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.53b (up 69% from 1Q 2020). Net income: CN¥279.8m (up 168% from 1Q 2020). Profit margin: 18% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.13 (vs CN¥0.72 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.84b (up 6.0% from FY 2019). Net income: CN¥717.2m (up 63% from FY 2019). Profit margin: 15% (up from 9.6% in FY 2019). Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥23.06, the stock is trading at a trailing P/E ratio of 21.6x, down from the previous P/E ratio of 25.8x. This compares to an average P/E of 23x in the Forestry industry in China. Total returns to shareholders over the past year are 49%. Is New 90 Day High Low • Jan 27
New 90-day high: CN¥27.82 The company is up 51% from its price of CN¥18.41 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: CN¥25.44 The company is up 29% from its price of CN¥19.68 on 17 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 18% share price gain to CN¥22.52, the stock is trading at a trailing P/E ratio of 21.1x, up from the previous P/E ratio of 17.9x. This compares to an average P/E of 25x in the Forestry industry in China. Total returns to shareholders over the past year are 68%. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥18.41 The company is down 20% from its price of CN¥23.11 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is down 2.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥666.3m, up 114% from the prior year. Total revenue was CN¥4.62b over the last 12 months, up 3.4% from the prior year.