View Future GrowthHengbaoLtd 과거 순이익 실적과거 기준 점검 1/6HengbaoLtd은 연평균 11.3%의 비율로 수입이 증가해 온 반면, Tech 산업은 수입이 5.3% 증가했습니다. 매출은 연평균 3.5%의 비율로 감소했습니다. HengbaoLtd의 자기자본이익률은 0.7%이고 순이익률은 1.9%입니다.핵심 정보11.27%순이익 성장률11.09%주당순이익(EPS) 성장률Tech 산업 성장률13.48%매출 성장률-3.52%자기자본이익률0.65%순이익률1.87%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Apr 27Full year 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.14 in FY 2024)Full year 2025 results: EPS: CN¥0.083 (down from CN¥0.14 in FY 2024). Revenue: CN¥866.5m (down 4.0% from FY 2024). Net income: CN¥58.7m (down 38% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.공시 • Mar 31Hengbao Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026공시 • Dec 31Hengbao Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.04 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.04 in 3Q 2024). Revenue: CN¥184.0m (down 13% from 3Q 2024). Net income: CN¥1.94m (down 93% from 3Q 2024). Profit margin: 1.1% (down from 13% in 3Q 2024). 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 39% per year, which means it is well ahead of earnings.공시 • Sep 30Hengbao Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025Hengbao Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.053 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.053 in 2Q 2024). Revenue: CN¥182.5m (down 22% from 2Q 2024). Net income: CN¥11.4m (down 69% from 2Q 2024). Profit margin: 6.3% (down from 16% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesNew Risk • Apr 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 94% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin).Reported Earnings • Apr 27Full year 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.14 in FY 2024)Full year 2025 results: EPS: CN¥0.083 (down from CN¥0.14 in FY 2024). Revenue: CN¥866.5m (down 4.0% from FY 2024). Net income: CN¥58.7m (down 38% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.공시 • Apr 27Hengbao Co.,Ltd., Annual General Meeting, May 25, 2026Hengbao Co.,Ltd., Annual General Meeting, May 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Danyang, Jiangsu China공시 • Mar 31Hengbao Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026공시 • Dec 31Hengbao Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.04 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.04 in 3Q 2024). Revenue: CN¥184.0m (down 13% from 3Q 2024). Net income: CN¥1.94m (down 93% from 3Q 2024). Profit margin: 1.1% (down from 13% in 3Q 2024). 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 39% per year, which means it is well ahead of earnings.공시 • Sep 30Hengbao Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025Hengbao Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025공시 • Sep 18Hengbao Co.,Ltd. Announces Board AppointmentsHengbao Co.,Ltd. at its 1st Extraordinary General Meeting of 2025 held on 16 September 2025, elected Tan Xia and Mao Weiwei as director and Wang Pei, Huang Wei and Feng Xuhui as independent director.Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.053 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.053 in 2Q 2024). Revenue: CN¥182.5m (down 22% from 2Q 2024). Net income: CN¥11.4m (down 69% from 2Q 2024). Profit margin: 6.3% (down from 16% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.공시 • Jul 02Hengbao Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025Hengbao Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025Buy Or Sell Opportunity • Jun 27Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 182% to CN¥19.15. The fair value is estimated to be CN¥14.69, 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. Earnings per share has grown by 13%.Buy Or Sell Opportunity • Jun 10Now 24% undervaluedOver the last 90 days, the stock has risen 52% to CN¥11.14. The fair value is estimated to be CN¥14.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%.공시 • May 30Hengbao Co.,Ltd. Approves Cash Dividend for 2024Hengbao Co.,Ltd. at its AGM held on May 28, 2025, approved Cash dividend per 10 shares (tax included) of CNY 0.80500000 for 2024.Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥8.91, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 64x in the Tech industry in China. Total returns to shareholders of 15% over the past three years.New Risk • May 29New 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 8.3% 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 (8.3% average weekly change).공시 • Apr 28Hengbao Co.,Ltd., Annual General Meeting, May 28, 2025Hengbao Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Danyang, Jiangsu China공시 • Mar 31Hengbao Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025Hengbao Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025분석 기사 • Mar 10We Like These Underlying Return On Capital Trends At HengbaoLtd (SZSE:002104)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...분석 기사 • Jan 12More Unpleasant Surprises Could Be In Store For Hengbao Co.,Ltd.'s (SZSE:002104) Shares After Tumbling 26%Hengbao Co.,Ltd. ( SZSE:002104 ) shares have had a horrible month, losing 26% after a relatively good period...공시 • Dec 31Hengbao Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025Hengbao Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025분석 기사 • Nov 29Investors Will Want HengbaoLtd's (SZSE:002104) Growth In ROCE To PersistDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥7.94, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 60x in the Tech industry in China. Total returns to shareholders of 32% over the past three years.Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.057 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.04 (down from CN¥0.057 in 3Q 2023). Revenue: CN¥211.5m (down 32% from 3Q 2023). Net income: CN¥27.8m (down 30% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • Sep 30Hengbao Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024Hengbao Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥6.78, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 35x in the Tech industry in China. Total returns to shareholders of 26% over the past three years.분석 기사 • Sep 10HengbaoLtd's (SZSE:002104) Soft Earnings Don't Show The Whole PictureSoft earnings didn't appear to concern Hengbao Co.,Ltd.'s ( SZSE:002104 ) shareholders over the last week. We did some...분석 기사 • Sep 09Hengbao Co.,Ltd.'s (SZSE:002104) Shares Climb 25% But Its Business Is Yet to Catch UpThe Hengbao Co.,Ltd. ( SZSE:002104 ) share price has done very well over the last month, posting an excellent gain of...Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥6.38, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 33x in the Tech industry in China. Total returns to shareholders of 9.0% over the past three years.Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.053 (vs CN¥0.092 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.053 (down from CN¥0.092 in 2Q 2023). Revenue: CN¥233.7m (down 31% from 2Q 2023). Net income: CN¥37.4m (down 42% from 2Q 2023). Profit margin: 16% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공시 • Jul 24Hengbao Co.,Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 29 July 2024Hengbao Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY1.30000000 on A shares for the year 2023. Record date is 26 July 2024. Ex-date is 29 July 2024. Payment date is 29 July 2024.공시 • Jun 29Hengbao Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024Hengbao Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024분석 기사 • Jun 07HengbaoLtd (SZSE:002104) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...공시 • May 02Hengbao Co.,Ltd. Proposes Final Dividend for 2023Hengbao Co.,Ltd. announced on 30 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 1.30000000.공시 • May 01Hengbao Co.,Ltd., Annual General Meeting, May 30, 2024Hengbao Co.,Ltd., Annual General Meeting, May 30, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Danyang, Jiangsu ChinaReported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.049 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.037 (down from CN¥0.049 in 1Q 2023). Revenue: CN¥237.1m (down 22% from 1Q 2023). Net income: CN¥26.2m (down 24% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Mar 30Hengbao Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024Hengbao Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024분석 기사 • Mar 07Hengbao Co.,Ltd.'s (SZSE:002104) 32% Share Price Surge Not Quite Adding UpHengbao Co.,Ltd. ( SZSE:002104 ) shareholders are no doubt pleased to see that the share price has bounced 32% in the...Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.60, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 42x in the Tech industry in China. Total returns to shareholders of 6.4% over the past three years.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.60, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 42x in the Tech industry in China. Total returns to shareholders of 6.4% over the past three years.공시 • Dec 30Hengbao Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Hengbao Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.057 (vs CN¥0.055 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.057 (up from CN¥0.055 in 3Q 2022). Revenue: CN¥310.0m (up 6.6% from 3Q 2022). Net income: CN¥39.7m (up 3.7% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.057 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.092 (up from CN¥0.057 in 2Q 2022). Revenue: CN¥339.7m (up 34% from 2Q 2022). Net income: CN¥64.1m (up 62% from 2Q 2022). Profit margin: 19% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • May 06Hengbao Co.,Ltd., Annual General Meeting, May 25, 2023Hengbao Co.,Ltd., Annual General Meeting, May 25, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2023 financial budget report; to consider 2022 profit distribution plan; to consider reappointment of 2023 audit firm; to consider application for comprehensive credit line to banks; to consider using proprietary idle funds for cash management; to consider securities investment with idle proprietary funds; and to consider change of the Company's registered capital and amendments to the Company's articles of association.Reported Earnings • Apr 29Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.076 in FY 2021)Full year 2022 results: EPS: CN¥0.12 (up from CN¥0.076 in FY 2021). Revenue: CN¥1.03b (up 7.7% from FY 2021). Net income: CN¥81.9m (up 54% from FY 2021). Profit margin: 7.9% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥10.27, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 53x in the Tech industry in China. Total returns to shareholders of 31% over the past three years.Board Change • Dec 06Less than half of directors are independentNo 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. 3 independent directors (5 non-independent directors). Independent Director Hong Ding was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.055 (vs CN¥0.027 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.055 (up from CN¥0.027 in 3Q 2021). Revenue: CN¥290.7m (up 22% from 3Q 2021). Net income: CN¥38.3m (up 105% from 3Q 2021). Profit margin: 13% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥7.81, the stock trades at a trailing P/E ratio of 74.7x. Average trailing P/E is 35x in the Tech industry in China. Total returns to shareholders of 1.5% over the past three years.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.057 (vs CN¥0.017 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.057 (up from CN¥0.017 in 2Q 2021). Revenue: CN¥253.4m (up 13% from 2Q 2021). Net income: CN¥39.5m (up 225% from 2Q 2021). Profit margin: 16% (up from 5.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Board Change • Aug 01High number of new directorsNon-Independent Director Xiaoling Xu was the last director to join the board, commencing their role in 2022.공시 • Jul 13Hengbao Co.,Ltd. Announces Management AppointmentsHengbao Co.,Ltd. announced at the EGM held on July 11, 2022 that the company approved election of Xu Xiaoling as non-independent director and Ding Hong as independent director.Reported Earnings • May 02First quarter 2022 earnings released: CN¥0.007 loss per share (vs CN¥0.003 profit in 1Q 2021)First quarter 2022 results: CN¥0.007 loss per share (down from CN¥0.003 profit in 1Q 2021). Revenue: CN¥171.3m (down 13% from 1Q 2021). Net loss: CN¥5.05m (down 314% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Zhenghua Cai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.03 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥239.1m (down 9.1% from 3Q 2020). Net income: CN¥18.7m (down 10% from 3Q 2020). Profit margin: 7.8% (down from 7.9% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.052 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥223.8m (down 58% from 2Q 2020). Net income: CN¥12.1m (down 66% from 2Q 2020). Profit margin: 5.4% (down from 6.7% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • May 01Full year 2020 earnings released: EPS CN¥0.003 (vs CN¥0.12 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.05b (down 32% from FY 2019). Net income: CN¥1.72m (down 98% from FY 2019). Profit margin: 0.2% (down from 5.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 07Full year 2020 earnings released: CN¥0.002 loss per share (vs CN¥0.12 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.05b (down 32% from FY 2019). Net loss: CN¥1.09m (down 101% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 03New 90-day low: CN¥5.65The company is down 31% from its price of CN¥8.13 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period.Is New 90 Day High Low • Jan 13New 90-day low: CN¥6.47The company is down 25% from its price of CN¥8.61 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is flat over the same period.Valuation Update With 7 Day Price Move • Dec 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥7.04, the stock is trading at a trailing P/E ratio of 72x, down from the previous P/E ratio of 85.5x. This compares to an average P/E of 48x in the Tech industry in China. Total return to shareholders over the past three years is a loss of 22%.Is New 90 Day High Low • Dec 10New 90-day low: CN¥7.36The company is down 18% from its price of CN¥8.94 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period.Is New 90 Day High Low • Nov 17New 90-day low: CN¥7.82The company is down 25% from its price of CN¥10.40 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 7.0% over the same period.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥67.4m, down 32% from the prior year. Total revenue was CN¥1.69b over the last 12 months, up 15% from the prior year.Is New 90 Day High Low • Oct 27New 90-day low: CN¥8.17The company is down 24% from its price of CN¥10.73 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 8.0% over the same period.공시 • Aug 11Hengbao Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020Hengbao Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020매출 및 비용 세부 내역HengbaoLtd가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SZSE:002104 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Mar 26745141277531 Dec 25866591237930 Sep 25835411379130 Jun 258626712910231 Mar 259139312510231 Dec 249039512510430 Sep 249901111269930 Jun 241,0891231249831 Mar 241,19515012910031 Dec 231,2621581279830 Sep 231,2721471139530 Jun 231,2531461119631 Mar 231,1671211109101 Jan 231,034821099230 Sep 221,016931179530 Jun 22964731219631 Mar 229354612210101 Jan 229605312710030 Sep 21994-1111610830 Jun 211,018-912711531 Mar 211,0701514011931 Dec 201,052214812730 Sep 201,2526715912430 Jun 201,3376416712531 Mar 201,3595016612731 Dec 191,5358716312730 Sep 191,4739915613230 Jun 191,44710513912331 Mar 191,60912813512431 Dec 181,69014513212230 Sep 181,61914515812330 Jun 181,6061589918331 Mar 181,51116413314931 Dec 171,36816316012230 Sep 171,4171511978530 Jun 171,397151319031 Mar 171,265129324031 Dec 161,353146337030 Sep 161,473270338030 Jun 161,671335312031 Mar 161,834375321031 Dec 151,821371314030 Sep 151,791338287030 Jun 151,7093152780양질의 수익: 002104는 CN¥7.9M 규모의 큰 일회성 이익이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: 002104의 현재 순 이익률 (1.9%)은 지난해 (10.2%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 002104의 수익은 지난 5년 동안 연평균 11.3% 증가했습니다.성장 가속화: 002104은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 002104은 지난 1년 동안 수익이 감소(-85%)하여 Tech 업계 평균(4.1%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 002104의 자본 수익률(0.7%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 11:29종가2026/05/22 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 소스Hengbao 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.분석가기관You You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)Jun LiangCitic Securities Co., Ltd.Jian KuaiEverbright Securities Co. Ltd.2명의 분석가 더 보기
Reported Earnings • Apr 27Full year 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.14 in FY 2024)Full year 2025 results: EPS: CN¥0.083 (down from CN¥0.14 in FY 2024). Revenue: CN¥866.5m (down 4.0% from FY 2024). Net income: CN¥58.7m (down 38% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
공시 • Mar 31Hengbao Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026
공시 • Dec 31Hengbao Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.04 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.04 in 3Q 2024). Revenue: CN¥184.0m (down 13% from 3Q 2024). Net income: CN¥1.94m (down 93% from 3Q 2024). Profit margin: 1.1% (down from 13% in 3Q 2024). 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 39% per year, which means it is well ahead of earnings.
공시 • Sep 30Hengbao Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025Hengbao Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.053 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.053 in 2Q 2024). Revenue: CN¥182.5m (down 22% from 2Q 2024). Net income: CN¥11.4m (down 69% from 2Q 2024). Profit margin: 6.3% (down from 16% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
New Risk • Apr 29New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 94% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin).
Reported Earnings • Apr 27Full year 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.14 in FY 2024)Full year 2025 results: EPS: CN¥0.083 (down from CN¥0.14 in FY 2024). Revenue: CN¥866.5m (down 4.0% from FY 2024). Net income: CN¥58.7m (down 38% from FY 2024). Profit margin: 6.8% (down from 11% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
공시 • Apr 27Hengbao Co.,Ltd., Annual General Meeting, May 25, 2026Hengbao Co.,Ltd., Annual General Meeting, May 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Danyang, Jiangsu China
공시 • Mar 31Hengbao Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026
공시 • Dec 31Hengbao Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Hengbao Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.003 (vs CN¥0.04 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.003 (down from CN¥0.04 in 3Q 2024). Revenue: CN¥184.0m (down 13% from 3Q 2024). Net income: CN¥1.94m (down 93% from 3Q 2024). Profit margin: 1.1% (down from 13% in 3Q 2024). 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 39% per year, which means it is well ahead of earnings.
공시 • Sep 30Hengbao Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025Hengbao Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
공시 • Sep 18Hengbao Co.,Ltd. Announces Board AppointmentsHengbao Co.,Ltd. at its 1st Extraordinary General Meeting of 2025 held on 16 September 2025, elected Tan Xia and Mao Weiwei as director and Wang Pei, Huang Wei and Feng Xuhui as independent director.
Reported Earnings • Aug 27Second quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.053 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.053 in 2Q 2024). Revenue: CN¥182.5m (down 22% from 2Q 2024). Net income: CN¥11.4m (down 69% from 2Q 2024). Profit margin: 6.3% (down from 16% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
공시 • Jul 02Hengbao Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025Hengbao Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
Buy Or Sell Opportunity • Jun 27Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 182% to CN¥19.15. The fair value is estimated to be CN¥14.69, 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. Earnings per share has grown by 13%.
Buy Or Sell Opportunity • Jun 10Now 24% undervaluedOver the last 90 days, the stock has risen 52% to CN¥11.14. The fair value is estimated to be CN¥14.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 13%.
공시 • May 30Hengbao Co.,Ltd. Approves Cash Dividend for 2024Hengbao Co.,Ltd. at its AGM held on May 28, 2025, approved Cash dividend per 10 shares (tax included) of CNY 0.80500000 for 2024.
Valuation Update With 7 Day Price Move • May 30Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥8.91, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 64x in the Tech industry in China. Total returns to shareholders of 15% over the past three years.
New Risk • May 29New 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 8.3% 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 (8.3% average weekly change).
공시 • Apr 28Hengbao Co.,Ltd., Annual General Meeting, May 28, 2025Hengbao Co.,Ltd., Annual General Meeting, May 28, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Danyang, Jiangsu China
공시 • Mar 31Hengbao Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025Hengbao Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025
분석 기사 • Mar 10We Like These Underlying Return On Capital Trends At HengbaoLtd (SZSE:002104)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
분석 기사 • Jan 12More Unpleasant Surprises Could Be In Store For Hengbao Co.,Ltd.'s (SZSE:002104) Shares After Tumbling 26%Hengbao Co.,Ltd. ( SZSE:002104 ) shares have had a horrible month, losing 26% after a relatively good period...
공시 • Dec 31Hengbao Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025Hengbao Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025
분석 기사 • Nov 29Investors Will Want HengbaoLtd's (SZSE:002104) Growth In ROCE To PersistDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business...
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥7.94, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 60x in the Tech industry in China. Total returns to shareholders of 32% over the past three years.
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.057 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.04 (down from CN¥0.057 in 3Q 2023). Revenue: CN¥211.5m (down 32% from 3Q 2023). Net income: CN¥27.8m (down 30% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • Sep 30Hengbao Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024Hengbao Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥6.78, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 35x in the Tech industry in China. Total returns to shareholders of 26% over the past three years.
분석 기사 • Sep 10HengbaoLtd's (SZSE:002104) Soft Earnings Don't Show The Whole PictureSoft earnings didn't appear to concern Hengbao Co.,Ltd.'s ( SZSE:002104 ) shareholders over the last week. We did some...
분석 기사 • Sep 09Hengbao Co.,Ltd.'s (SZSE:002104) Shares Climb 25% But Its Business Is Yet to Catch UpThe Hengbao Co.,Ltd. ( SZSE:002104 ) share price has done very well over the last month, posting an excellent gain of...
Valuation Update With 7 Day Price Move • Sep 06Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥6.38, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 33x in the Tech industry in China. Total returns to shareholders of 9.0% over the past three years.
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.053 (vs CN¥0.092 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.053 (down from CN¥0.092 in 2Q 2023). Revenue: CN¥233.7m (down 31% from 2Q 2023). Net income: CN¥37.4m (down 42% from 2Q 2023). Profit margin: 16% (down from 19% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공시 • Jul 24Hengbao Co.,Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 29 July 2024Hengbao Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY1.30000000 on A shares for the year 2023. Record date is 26 July 2024. Ex-date is 29 July 2024. Payment date is 29 July 2024.
공시 • Jun 29Hengbao Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024Hengbao Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024
분석 기사 • Jun 07HengbaoLtd (SZSE:002104) Seems To Use Debt Quite SensiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
공시 • May 02Hengbao Co.,Ltd. Proposes Final Dividend for 2023Hengbao Co.,Ltd. announced on 30 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 1.30000000.
공시 • May 01Hengbao Co.,Ltd., Annual General Meeting, May 30, 2024Hengbao Co.,Ltd., Annual General Meeting, May 30, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Danyang, Jiangsu China
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.049 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.037 (down from CN¥0.049 in 1Q 2023). Revenue: CN¥237.1m (down 22% from 1Q 2023). Net income: CN¥26.2m (down 24% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Mar 30Hengbao Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024Hengbao Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
분석 기사 • Mar 07Hengbao Co.,Ltd.'s (SZSE:002104) 32% Share Price Surge Not Quite Adding UpHengbao Co.,Ltd. ( SZSE:002104 ) shareholders are no doubt pleased to see that the share price has bounced 32% in the...
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.60, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 42x in the Tech industry in China. Total returns to shareholders of 6.4% over the past three years.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.60, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 42x in the Tech industry in China. Total returns to shareholders of 6.4% over the past three years.
공시 • Dec 30Hengbao Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Hengbao Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.057 (vs CN¥0.055 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.057 (up from CN¥0.055 in 3Q 2022). Revenue: CN¥310.0m (up 6.6% from 3Q 2022). Net income: CN¥39.7m (up 3.7% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Reported Earnings • Aug 28Second quarter 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.057 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.092 (up from CN¥0.057 in 2Q 2022). Revenue: CN¥339.7m (up 34% from 2Q 2022). Net income: CN¥64.1m (up 62% from 2Q 2022). Profit margin: 19% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • May 06Hengbao Co.,Ltd., Annual General Meeting, May 25, 2023Hengbao Co.,Ltd., Annual General Meeting, May 25, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2023 financial budget report; to consider 2022 profit distribution plan; to consider reappointment of 2023 audit firm; to consider application for comprehensive credit line to banks; to consider using proprietary idle funds for cash management; to consider securities investment with idle proprietary funds; and to consider change of the Company's registered capital and amendments to the Company's articles of association.
Reported Earnings • Apr 29Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.076 in FY 2021)Full year 2022 results: EPS: CN¥0.12 (up from CN¥0.076 in FY 2021). Revenue: CN¥1.03b (up 7.7% from FY 2021). Net income: CN¥81.9m (up 54% from FY 2021). Profit margin: 7.9% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥10.27, the stock trades at a trailing P/E ratio of 77.6x. Average trailing P/E is 53x in the Tech industry in China. Total returns to shareholders of 31% over the past three years.
Board Change • Dec 06Less than half of directors are independentNo 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. 3 independent directors (5 non-independent directors). Independent Director Hong Ding was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: CN¥0.055 (vs CN¥0.027 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.055 (up from CN¥0.027 in 3Q 2021). Revenue: CN¥290.7m (up 22% from 3Q 2021). Net income: CN¥38.3m (up 105% from 3Q 2021). Profit margin: 13% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥7.81, the stock trades at a trailing P/E ratio of 74.7x. Average trailing P/E is 35x in the Tech industry in China. Total returns to shareholders of 1.5% over the past three years.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.057 (vs CN¥0.017 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.057 (up from CN¥0.017 in 2Q 2021). Revenue: CN¥253.4m (up 13% from 2Q 2021). Net income: CN¥39.5m (up 225% from 2Q 2021). Profit margin: 16% (up from 5.4% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Board Change • Aug 01High number of new directorsNon-Independent Director Xiaoling Xu was the last director to join the board, commencing their role in 2022.
공시 • Jul 13Hengbao Co.,Ltd. Announces Management AppointmentsHengbao Co.,Ltd. announced at the EGM held on July 11, 2022 that the company approved election of Xu Xiaoling as non-independent director and Ding Hong as independent director.
Reported Earnings • May 02First quarter 2022 earnings released: CN¥0.007 loss per share (vs CN¥0.003 profit in 1Q 2021)First quarter 2022 results: CN¥0.007 loss per share (down from CN¥0.003 profit in 1Q 2021). Revenue: CN¥171.3m (down 13% from 1Q 2021). Net loss: CN¥5.05m (down 314% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Zhenghua Cai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.03 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥239.1m (down 9.1% from 3Q 2020). Net income: CN¥18.7m (down 10% from 3Q 2020). Profit margin: 7.8% (down from 7.9% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.052 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥223.8m (down 58% from 2Q 2020). Net income: CN¥12.1m (down 66% from 2Q 2020). Profit margin: 5.4% (down from 6.7% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 01Full year 2020 earnings released: EPS CN¥0.003 (vs CN¥0.12 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.05b (down 32% from FY 2019). Net income: CN¥1.72m (down 98% from FY 2019). Profit margin: 0.2% (down from 5.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 07Full year 2020 earnings released: CN¥0.002 loss per share (vs CN¥0.12 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.05b (down 32% from FY 2019). Net loss: CN¥1.09m (down 101% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 03New 90-day low: CN¥5.65The company is down 31% from its price of CN¥8.13 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period.
Is New 90 Day High Low • Jan 13New 90-day low: CN¥6.47The company is down 25% from its price of CN¥8.61 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is flat over the same period.
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to CN¥7.04, the stock is trading at a trailing P/E ratio of 72x, down from the previous P/E ratio of 85.5x. This compares to an average P/E of 48x in the Tech industry in China. Total return to shareholders over the past three years is a loss of 22%.
Is New 90 Day High Low • Dec 10New 90-day low: CN¥7.36The company is down 18% from its price of CN¥8.94 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Nov 17New 90-day low: CN¥7.82The company is down 25% from its price of CN¥10.40 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 7.0% over the same period.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥67.4m, down 32% from the prior year. Total revenue was CN¥1.69b over the last 12 months, up 15% from the prior year.
Is New 90 Day High Low • Oct 27New 90-day low: CN¥8.17The company is down 24% from its price of CN¥10.73 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 8.0% over the same period.
공시 • Aug 11Hengbao Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020Hengbao Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020