Announcement • 12h
Hongfa Technology Co., Ltd. to Report First Half, 2026 Results on Jul 30, 2026 Hongfa Technology Co., Ltd. announced that they will report first half, 2026 results on Jul 30, 2026 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥33.43, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.64 per share. Price Target Changed • May 05
Price target increased by 8.8% to CN¥36.98 Up from CN¥33.97, the current price target is an average from 10 analysts. New target price is 19% above last closing price of CN¥31.14. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥1.20 last year. Buy Or Sell Opportunity • May 05
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to CN¥31.14. The fair value is estimated to be CN¥24.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥0.31 (up from CN¥0.28 in 1Q 2025). Revenue: CN¥5.11b (up 28% from 1Q 2025). Net income: CN¥484.3m (up 18% from 1Q 2025). Profit margin: 9.5% (in line with 1Q 2025). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Major Estimate Revision • Apr 08
Consensus EPS estimates fall by 12%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥19.1b to CN¥19.7b. EPS estimate fell from CN¥1.49 to CN¥1.31 per share. Net income forecast to grow 14% next year vs 44% growth forecast for Electrical industry in China. Consensus price target down from CN¥36.26 to CN¥34.47. Share price fell 6.4% to CN¥26.35 over the past week. Announcement • Apr 02
Hongfa Technology Co., Ltd., Annual General Meeting, Apr 24, 2026 Hongfa Technology Co., Ltd., Annual General Meeting, Apr 24, 2026, at 14:30 China Standard Time. Location: 3F, No. 564, Donglin Road, Jimei District, Xiamen, Fujian China Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CN¥1.20 (vs CN¥1.11 in FY 2024) Full year 2025 results: EPS: CN¥1.20 (up from CN¥1.11 in FY 2024). Revenue: CN¥17.2b (up 22% from FY 2024). Net income: CN¥1.76b (up 7.8% from FY 2024). Profit margin: 10% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Hongfa Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Hongfa Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Hongfa Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 02, 2026 Hongfa Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 02, 2026 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥34.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.45 per share. Reported Earnings • Oct 31
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.29 in 3Q 2024). Revenue: CN¥4.57b (up 26% from 3Q 2024). Net income: CN¥505.6m (up 19% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 16
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to CN¥28.66. The fair value is estimated to be CN¥23.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 32% in the next 2 years. Announcement • Sep 30
Hongfa Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Hongfa Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 01
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.33 in 2Q 2024). Revenue: CN¥4.36b (up 16% from 2Q 2024). Net income: CN¥553.1m (up 13% from 2Q 2024). Profit margin: 13% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.1% to CN¥24.18. The fair value is estimated to be CN¥20.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Announcement • Jun 30
Hongfa Technology Co., Ltd. to Report First Half, 2025 Results on Jul 30, 2025 Hongfa Technology Co., Ltd. announced that they will report first half, 2025 results on Jul 30, 2025 Declared Dividend • Jun 13
Dividend increased to CN¥0.52 Dividend of CN¥0.52 is 17% higher than last year. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 23
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to CN¥33.85. The fair value is estimated to be CN¥28.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Reported Earnings • Apr 30
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CN¥0.39 (up from CN¥0.34 in 1Q 2024). Revenue: CN¥3.98b (up 15% from 1Q 2024). Net income: CN¥411.1m (up 16% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 02
Price target increased by 7.8% to CN¥41.28 Up from CN¥38.31, the current price target is an average from 12 analysts. New target price is 14% above last closing price of CN¥36.36. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥1.83 for next year compared to CN¥1.56 last year. Reported Earnings • Mar 30
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: CN¥1.56 (up from CN¥1.34 in FY 2023). Revenue: CN¥14.1b (up 9.1% from FY 2023). Net income: CN¥1.63b (up 17% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Hongfa Technology Co., Ltd., Annual General Meeting, Apr 21, 2025 Hongfa Technology Co., Ltd., Annual General Meeting, Apr 21, 2025, at 14:30 China Standard Time. Location: 2F, No. 564, Donglin Road, Jimei District, Xiamen, Fujian China Announcement • Mar 28
Hongfa Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hongfa Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Hongfa Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Hongfa Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.41 (up from CN¥0.35 in 3Q 2023). Revenue: CN¥3.64b (up 12% from 3Q 2023). Net income: CN¥425.1m (up 17% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Hongfa Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Hongfa Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥32.55, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.37 per share. Buy Or Sell Opportunity • Sep 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to CN¥26.55. The fair value is estimated to be CN¥33.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Buy Or Sell Opportunity • Aug 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥26.49. The fair value is estimated to be CN¥33.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.37 in 2Q 2023). Revenue: CN¥3.78b (up 11% from 2Q 2023). Net income: CN¥488.4m (up 28% from 2Q 2023). Profit margin: 13% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 01
Now 12% overvalued The stock has been flat over the last 90 days, currently trading at CN¥26.86. The fair value is estimated to be CN¥23.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Announcement • Jun 28
Hongfa Technology Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024 Hongfa Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • Jun 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.1% to CN¥27.45. The fair value is estimated to be CN¥22.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 38% in the next 2 years. Declared Dividend • Jun 14
Dividend of CN¥0.44 announced Shareholders will receive a dividend of CN¥0.44. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 12% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 03
Price target decreased by 7.7% to CN¥35.97 Down from CN¥38.95, the current price target is an average from 13 analysts. New target price is 37% above last closing price of CN¥26.34. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥1.34 last year. Buy Or Sell Opportunity • Apr 01
Now 22% overvalued Over the last 90 days, the stock has fallen 2.4% to CN¥26.15. The fair value is estimated to be CN¥21.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Mar 30
Hongfa Technology Co., Ltd., Annual General Meeting, Apr 25, 2024 Hongfa Technology Co., Ltd., Annual General Meeting, Apr 25, 2024, at 14:30 China Standard Time. Location: 2F, No. 564, Donglin Road, Jimei District, Xiamen, Fujian China Reported Earnings • Mar 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.34 (up from CN¥1.20 in FY 2022). Revenue: CN¥12.9b (up 10% from FY 2022). Net income: CN¥1.39b (up 12% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Hongfa Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Hongfa Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 18
Hongfa Technology Co., Ltd.(XSSC:600885) dropped from FTSE All-World Index (USD) Hongfa Technology Co., Ltd.(XSSC:600885) dropped from FTSE All-World Index (USD) Buy Or Sell Opportunity • Feb 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CN¥24.37. The fair value is estimated to be CN¥30.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.33, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.27 per share. Announcement • Dec 29
Hongfa Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Hongfa Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.33 in 3Q 2022). Revenue: CN¥3.26b (up 5.5% from 3Q 2022). Net income: CN¥362.3m (up 4.2% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 18
Hongfa Technology Co., Ltd.(XSSC:600885) dropped from S&P Global BMI Index Hongfa Technology Co., Ltd.(XSSC:600885) dropped from S&P Global BMI Index Reported Earnings • Jul 27
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.32 in 2Q 2022). Revenue: CN¥3.39b (up 13% from 2Q 2022). Net income: CN¥381.0m (up 12% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
Hongfa Technology Co., Ltd. to Report First Half, 2023 Results on Jul 27, 2023 Hongfa Technology Co., Ltd. announced that they will report first half, 2023 results on Jul 27, 2023 Price Target Changed • Apr 17
Price target decreased by 7.1% to CN¥45.55 Down from CN¥49.03, the current price target is an average from 13 analysts. New target price is 39% above last closing price of CN¥32.71. Stock is down 0.2% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥1.20 last year. Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥1.20 (up from CN¥1.02 in FY 2021). Revenue: CN¥11.7b (up 17% from FY 2021). Net income: CN¥1.25b (up 17% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 16% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (4 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.29 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥3.09b (up 18% from 3Q 2021). Net income: CN¥347.6m (up 16% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.28 in 2Q 2021). Revenue: CN¥2.99b (up 17% from 2Q 2021). Net income: CN¥341.4m (up 18% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 23%, compared to a 59% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorated over the past week After last week's 27% share price decline to CN¥40.04, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.99 per share. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥48.32, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.90 per share. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.38 (up from CN¥0.31 in 1Q 2021). Revenue: CN¥2.87b (up 21% from 1Q 2021). Net income: CN¥279.3m (up 21% from 1Q 2021). Profit margin: 9.7% (in line with 1Q 2021). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 28%, compared to a 51% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Reported Earnings • Mar 11
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.42 (up from CN¥1.12 in FY 2020). Revenue: CN¥10.0b (up 28% from FY 2020). Net income: CN¥1.06b (up 27% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 22%, compared to a 63% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥52.89, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.82 per share. Price Target Changed • Nov 18
Price target increased to CN¥83.25 Up from CN¥77.63, the current price target is an average from 16 analysts. New target price is 11% above last closing price of CN¥74.85. Stock is up 60% over the past year. The company is forecast to post earnings per share of CN¥1.50 for next year compared to CN¥1.12 last year. Price Target Changed • Nov 11
Price target increased to CN¥79.90 Up from CN¥74.22, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of CN¥77.77. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥1.48 for next year compared to CN¥1.12 last year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.32 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¥2.62b (up 31% from 3Q 2020). Net income: CN¥300.5m (up 25% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 02
Price target increased to CN¥73.08 Up from CN¥67.89, the current price target is an average from 16 analysts. New target price is 20% above last closing price of CN¥61.00. Stock is up 24% over the past year. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.29 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥2.57b (up 28% from 2Q 2020). Net income: CN¥289.0m (up 35% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥68.67, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 154% over the past three years. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.19 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥2.38b (up 65% from 1Q 2020). Net income: CN¥231.3m (up 62% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020). 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 25% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥46.23 The company is down 7.0% from its price of CN¥49.46 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥18.70 per share. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥54.28, the stock is trading at a trailing P/E ratio of 48.5x, down from the previous P/E ratio of 57.4x. This compares to an average P/E of 34x in the Electrical industry in China. Total returns to shareholders over the past three years are 74%. Price Target Changed • Feb 05
Price target raised to CN¥64.39 Up from CN¥58.59, the current price target is an average from 15 analysts. The new target price is close to the current share price of CN¥63.29. As of last close, the stock is up 85% over the past year. Reported Earnings • Feb 03
Full year 2020 earnings released: EPS CN¥1.12 (vs CN¥0.95 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.82b (up 10% from FY 2019). Net income: CN¥832.1m (up 18% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 03
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Over the next year, revenue is forecast to grow 23%, compared to a 45% growth forecast for the Electrical industry in China. Is New 90 Day High Low • Feb 03
New 90-day high: CN¥62.83 The company is up 17% from its price of CN¥53.78 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Electrical industry, which is also up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.18 per share. Announcement • Jan 20
Hongfa Technology Co., Ltd. to Report Fiscal Year 2020 Results on Feb 03, 2021 Hongfa Technology Co., Ltd. announced that they will report fiscal year 2020 results on Feb 03, 2021 Is New 90 Day High Low • Dec 30
New 90-day high: CN¥53.97 The company is up 18% from its price of CN¥45.69 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.70 per share. Price Target Changed • Nov 03
Price target raised to CN¥55.66 Up from CN¥51.64, the current price target is an average from 14 analysts. The new target price is 8.7% above the current share price of CN¥51.22. As of last close, the stock is up 92% over the past year. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 3.4% at CN¥2.00b. Earnings per share (EPS) also surpassed analyst estimates by 6.8% at CN¥0.32. Revenue is forecast to grow 23% over the next year, compared to a 46% growth forecast for the Electrical industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥745.5m, up 12% from the prior year. Total revenue was CN¥7.37b over the last 12 months, up 5.7% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day high: CN¥51.01 The company is up 28% from its price of CN¥39.90 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.11 per share. 