Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.71, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 37x in the Metals and Mining industry in China. Total returns to shareholders of 28% over the past three years. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥1.11 (vs CN¥0.74 in FY 2024) Full year 2025 results: EPS: CN¥1.11 (up from CN¥0.74 in FY 2024). Revenue: CN¥4.28b (up 61% from FY 2024). Net income: CN¥174.2m (up 49% from FY 2024). Profit margin: 4.1% (down from 4.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Aankondiging • Apr 29
Hootech Inc., Annual General Meeting, May 20, 2026 Hootech Inc., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: Office Building, No. 1, Liujing Road, Xuzhou Economic and Technological Development Zone, Jiangsu China Aankondiging • Mar 31
Hootech Inc. to Report Q1, 2026 Results on Apr 24, 2026 Hootech Inc. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥32.03, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 44x in the Metals and Mining industry in China. Total returns to shareholders of 9.1% over the past three years. New Risk • Jan 21
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 7.3% 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: Major Risks Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥33.10, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 41x in the Metals and Mining industry in China. Total returns to shareholders of 28% over the past three years. Aankondiging • Dec 31
Hootech Inc. to Report Fiscal Year 2025 Results on Apr 24, 2026 Hootech Inc. announced that they will report fiscal year 2025 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥30.38, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 37x in the Metals and Mining industry in China. Total returns to shareholders of 7.9% over the past three years. Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.14 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.14 in 3Q 2024). Revenue: CN¥1.04b (up 61% from 3Q 2024). Net income: CN¥33.0m (up 49% from 3Q 2024). Profit margin: 3.2% (down from 3.4% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Hootech Inc. to Report Q3, 2025 Results on Oct 21, 2025 Hootech Inc. announced that they will report Q3, 2025 results on Oct 21, 2025 Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.83, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 34x in the Metals and Mining industry in China. Total returns to shareholders of 55% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.34 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.34 in 2Q 2024). Revenue: CN¥631.3m (down 56% from 2Q 2024). Net income: CN¥59.3m (up 9.1% from 2Q 2024). Profit margin: 9.4% (up from 3.8% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to CN¥25.65. The fair value is estimated to be CN¥21.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 23%. Aankondiging • Jul 02
Hootech Inc. to Report First Half, 2025 Results on Aug 12, 2025 Hootech Inc. announced that they will report first half, 2025 results on Aug 12, 2025 New Risk • Jun 25
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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Board Change • Jun 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ziyuan Sun was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Jun 11
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥28.59. The fair value is estimated to be CN¥21.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has declined by 23%. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥27.42, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 3.8% over the past three years. Declared Dividend • May 31
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has remained flat since 3 years ago. However, payments have been volatile during that time. Earnings per share has grown by 3.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥1.03 (vs CN¥0.92 in FY 2023) Full year 2024 results: EPS: CN¥1.03 (up from CN¥0.92 in FY 2023). Revenue: CN¥2.66b (up 5.2% from FY 2023). Net income: CN¥116.6m (up 11% from FY 2023). Profit margin: 4.4% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 26
Hootech Inc., Annual General Meeting, May 16, 2025 Hootech Inc., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xuzhou, Jiangsu China Aankondiging • Mar 31
Hootech Inc. to Report Q1, 2025 Results on Apr 25, 2025 Hootech Inc. announced that they will report Q1, 2025 results on Apr 25, 2025 Aankondiging • Dec 31
Hootech Inc. to Report Fiscal Year 2024 Results on Apr 19, 2025 Hootech Inc. announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.43 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.43 in 3Q 2023). Revenue: CN¥646.7m (down 26% from 3Q 2023). Net income: CN¥22.1m (down 55% from 3Q 2023). Profit margin: 3.4% (down from 5.6% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥29.80, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 26x in the Metals and Mining industry in China. Total loss to shareholders of 55% over the past three years. Aankondiging • Sep 30
Hootech Inc. to Report Q3, 2024 Results on Oct 24, 2024 Hootech Inc. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥30.82, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 24x in the Metals and Mining industry in China. Total loss to shareholders of 52% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.48 (vs CN¥0.045 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.48 (up from CN¥0.045 in 2Q 2023). Revenue: CN¥1.42b (up 195% from 2Q 2023). Net income: CN¥54.4m (up CN¥49.4m from 2Q 2023). Profit margin: 3.8% (up from 1.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥26.36, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 26x in the Metals and Mining industry in China. Total loss to shareholders of 29% over the past year. Aankondiging • Jun 29
Hootech Inc. to Report First Half, 2024 Results on Aug 27, 2024 Hootech Inc. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • May 27
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 25% lower than last year. Ex-date: 29th May 2024 Payment date: 29th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (33% 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 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 3.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 25
Hootech Inc. Approves Final Cash Dividend on A Shares for 2023, Payable on 29 May 2024 Hootech Inc. approved the final cash dividend/10 shares of CNY 3.00000000 on A shares for 2023. Record date: 28 May 2024. Ex-date: 29 May 2024. Payment date: 29 May 2024. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥29.35, the stock trades at a trailing P/E ratio of 42.5x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total loss to shareholders of 27% over the past year. Aankondiging • Apr 28
Hootech Inc., Annual General Meeting, May 17, 2024 Hootech Inc., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xuzhou, Jiangsu China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 annual accounts report; to consider amendments to the Company's articles of association and some governance systems; to consider 2023 profit distribution plan; to consider 2023 internal control self-evaluation report; and to consider other matters. Aankondiging • Apr 27
Hootech Inc. Proposes Final Cash Dividend for the Year 2023 Hootech Inc. proposed final cash dividend/10 shares (tax included) of CNY 3.00000000 for the year 2023. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥25.46, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 39% over the past year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥30.81, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total loss to shareholders of 22% over the past year. Aankondiging • Mar 30
Hootech Inc. to Report Q1, 2024 Results on Apr 22, 2024 Hootech Inc. announced that they will report Q1, 2024 results on Apr 22, 2024 New Risk • Mar 15
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 10.0% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.48, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total loss to shareholders of 30% over the past year. Aankondiging • Feb 21
Hootech Inc. (SZSE:301026) announces an Equity Buyback for CNY 50 million worth of its shares. Hootech Inc. (SZSE:301026) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 35 per share. The purpose of program is to safeguard the company's value and shareholders' rights and interests. The repurchased shares will be sold through centralized bidding transactions at an appropriate time and in accordance with relevant rules, if it cannot be completed with in stipulated time then it will be canceled. The program will be funded from the company's own funds. The program will be not more than 3 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to CN¥18.50, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 23x in the Metals and Mining industry in China. Total loss to shareholders of 54% over the past year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥23.86, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 38% over the past year. Aankondiging • Dec 29
Hootech Inc. to Report Fiscal Year 2023 Results on Apr 22, 2024 Hootech Inc. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.41 in 3Q 2022). Revenue: CN¥873.6m (up 76% from 3Q 2022). Net income: CN¥49.2m (up 5.7% from 3Q 2022). Profit margin: 5.6% (down from 9.4% in 3Q 2022). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.32 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.045 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥480.5m (down 38% from 2Q 2022). Net income: CN¥5.01m (down 86% from 2Q 2022). Profit margin: 1.0% (down from 4.7% in 2Q 2022). Aankondiging • Jul 01
Hootech Inc. to Report First Half, 2023 Results on Aug 25, 2023 Hootech Inc. announced that they will report first half, 2023 results on Aug 25, 2023 Aankondiging • May 25
Hootech Inc. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 31 May 2023 Hootech Inc. announced 2022 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 4.00000000. Record date: 30 May 2023, Ex-date: 31 May 2023, Payment date: 31 May 2023. Net cash dividend/10 shares after tax: CNY 3.60000000(CNY 4.00000000 - CNY 0.40000000). Aankondiging • May 20
Hootech Inc. Approves the Cash Dividend for the Year 2022 Hootech Inc. approved the cash dividend of CNY 4.000 (tax included) per 10 shares for the year 2022, at the AGM held on May 18, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.41 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.41 in 1Q 2022). Revenue: CN¥442.1m (down 53% from 1Q 2022). Net income: CN¥48.8m (up 5.4% from 1Q 2022). Profit margin: 11% (up from 4.9% in 1Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥45.71, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥40.80, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total loss to shareholders of 39% over the past year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent 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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥34.00, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total loss to shareholders of 49% over the past year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.44 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.41. Revenue: CN¥495.6m (up 7.5% from 3Q 2021). Net income: CN¥46.6m (up 1.5% from 3Q 2021). Profit margin: 9.4% (in line with 3Q 2021). Aankondiging • Aug 09
Hootech Inc. to Report First Half, 2022 Results on Aug 09, 2022 Hootech Inc. announced that they will report first half, 2022 results on Aug 09, 2022 Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥1.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.32 (down from CN¥1.18 in 2Q 2021). Revenue: CN¥771.2m (up 16% from 2Q 2021). Net income: CN¥36.3m (down 64% from 2Q 2021). Profit margin: 4.7% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Aankondiging • Jun 02
Hootech Inc. Announces Final Cash Dividend on A Shares for 2021, Payable on 08 June 2022 Hootech Inc. announced final cash dividend of CNY 4.00000000 per 10 shares on A shares for 2021. Record date is 07 June 2022, Ex-date is 08 June 2022 and Payment date is 08 June 2022. Aankondiging • May 20
Hootech Inc. Approves Cash Dividend Hootech Inc. held its Annual General Meeting of 2021 on 18 May 2022, during which it approved: Cash dividend/10 shares (tax included): CNY 4.00000000. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥33.73, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 23x in the Metals and Mining industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.84 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.41 (down from CN¥0.84 in 1Q 2021). Revenue: CN¥941.4m (up 101% from 1Q 2021). Net income: CN¥46.3m (down 35% from 1Q 2021). Profit margin: 4.9% (down from 15% in 1Q 2021). The decrease in margin was driven by higher expenses. Aankondiging • Apr 26
Hootech Inc. Proposes Final Dividend for the Year 2021 Hootech Inc. proposed final cash dividend of CNY 4.00000000 per 10 shares (tax included) for the year 2021. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥53.25, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 28x in the Metals and Mining industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.44 (vs CN¥0.28 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥460.9m (up 111% from 3Q 2020). Net income: CN¥45.9m (up 96% from 3Q 2020). Profit margin: 10.0% (in line with 3Q 2020). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥65.31, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 30x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥88.26, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 32x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥82.19, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 22x in the Commercial Services industry in China.