Hongfa Technology Future Growth

Future criteria checks 1/6

Hongfa Technology is forecast to grow earnings and revenue by 15.2% and 13.3% per annum respectively. EPS is expected to grow by 15% per annum. Return on equity is forecast to be 18% in 3 years.

Key information

15.2%

Earnings growth rate

15.0%

EPS growth rate

Electrical earnings growth	22.4%
Revenue growth rate	13.3%
Future return on equity	18.0%
Analyst coverage	Good
Last updated	15 Aug 2024

Recent future growth updates

Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Apr 02

Recent updates

Why Investors Shouldn't Be Surprised By Hongfa Technology Co., Ltd.'s (SHSE:600885) Low P/E

Jun 20

Does This Valuation Of Hongfa Technology Co., Ltd. (SHSE:600885) Imply Investors Are Overpaying?

May 22

Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Apr 02

Is Now An Opportune Moment To Examine Hongfa Technology Co., Ltd. (SHSE:600885)?

Mar 26

Investors Aren't Buying Hongfa Technology Co., Ltd.'s (SHSE:600885) Earnings

Mar 13

Hongfa Technology's (SHSE:600885) Returns On Capital Not Reflecting Well On The Business

Feb 29

Earnings and Revenue Growth Forecasts

SHSE:600885 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	18,891	2,196	1,703	2,967	12
12/31/2025	16,640	1,885	1,248	2,804	14
12/31/2024	14,710	1,625	1,198	2,378	14
6/30/2024	13,520	1,505	1,556	2,562	N/A
3/31/2024	13,119	1,419	1,256	2,223	N/A
12/31/2023	12,930	1,393	1,627	2,661	N/A
9/30/2023	12,586	1,376	684	1,921	N/A
6/30/2023	12,417	1,362	364	1,709	N/A
3/31/2023	12,035	1,301	15	1,522	N/A
12/31/2022	11,646	1,250	94	1,621	N/A
9/30/2022	11,417	1,210	2	1,333	N/A
6/30/2022	10,945	1,163	335	1,562	N/A
3/31/2022	10,518	1,111	212	1,269	N/A
12/31/2021	10,023	1,063	-13	912	N/A
9/30/2021	9,946	1,056	116	998	N/A
6/30/2021	9,325	995	-148	633	N/A
3/31/2021	8,759	921	-167	572	N/A
12/31/2020	7,819	832	42	720	N/A
9/30/2020	7,371	745	84	774	N/A
6/30/2020	7,116	707	510	1,289	N/A
3/31/2020	6,896	689	906	1,632	N/A
12/31/2019	7,081	704	906	1,681	N/A
9/30/2019	6,974	666	1,236	2,109	N/A
6/30/2019	6,931	686	946	1,725	N/A
3/31/2019	6,909	689	311	1,156	N/A
1/1/2019	6,880	699	1	827	N/A
9/30/2018	6,563	690	97	870	N/A
6/30/2018	6,347	649	-92	665	N/A
3/31/2018	6,270	686	N/A	640	N/A
12/31/2017	6,020	685	N/A	709	N/A
9/30/2017	5,885	687	N/A	313	N/A
6/30/2017	5,646	659	N/A	290	N/A
3/31/2017	5,291	613	N/A	343	N/A
12/31/2016	5,083	582	N/A	498	N/A
9/30/2016	4,745	549	N/A	520	N/A
6/30/2016	4,574	526	N/A	476	N/A
3/31/2016	4,363	492	N/A	698	N/A
12/31/2015	4,248	472	N/A	758	N/A
9/30/2015	4,144	481	N/A	648	N/A
6/30/2015	4,223	495	N/A	713	N/A
3/31/2015	4,191	466	N/A	499	N/A
12/31/2014	4,063	430	N/A	352	N/A
9/30/2014	4,032	439	N/A	462	N/A
6/30/2014	3,728	400	N/A	355	N/A
3/31/2014	3,546	352	N/A	313	N/A
12/31/2013	3,425	328	N/A	461	N/A
9/30/2013	3,338	349	N/A	337	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600885's forecast earnings growth (15.2% per year) is above the savings rate (2.9%).

Earnings vs Market: 600885's earnings (15.2% per year) are forecast to grow slower than the CN market (21.9% per year).

High Growth Earnings: 600885's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600885's revenue (13.3% per year) is forecast to grow slower than the CN market (13.4% per year).

High Growth Revenue: 600885's revenue (13.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600885's Return on Equity is forecast to be low in 3 years time (18%).

Hongfa Technology Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target decreased by 7.7% to CN¥35.97

Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Price target decreased by 7.1% to CN¥45.55

Price target increased to CN¥83.25

Price target increased to CN¥79.90

Price target increased to CN¥73.08

Recent updates

Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet

Now 20% undervalued after recent price drop

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Why Hongfa Technology Co., Ltd. (SHSE:600885) Could Be Worth Watching

Returns On Capital At Hongfa Technology (SHSE:600885) Have Hit The Brakes

Now 12% overvalued

Hongfa Technology Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024

Now 20% overvalued after recent price rise

Why Investors Shouldn't Be Surprised By Hongfa Technology Co., Ltd.'s (SHSE:600885) Low P/E

Dividend of CN¥0.44 announced

Does This Valuation Of Hongfa Technology Co., Ltd. (SHSE:600885) Imply Investors Are Overpaying?

Price target decreased by 7.7% to CN¥35.97

Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Now 22% overvalued

Hongfa Technology Co., Ltd., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Hongfa Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024

Is Now An Opportune Moment To Examine Hongfa Technology Co., Ltd. (SHSE:600885)?

Hongfa Technology Co., Ltd.(XSSC:600885) dropped from FTSE All-World Index (USD)

Investors Aren't Buying Hongfa Technology Co., Ltd.'s (SHSE:600885) Earnings

Hongfa Technology's (SHSE:600885) Returns On Capital Not Reflecting Well On The Business

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 17%

Hongfa Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Hongfa Technology Co., Ltd.(XSSC:600885) dropped from S&P Global BMI Index

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Hongfa Technology Co., Ltd. to Report First Half, 2023 Results on Jul 27, 2023

Price target decreased by 7.1% to CN¥45.55

Full year 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.29 in 3Q 2021)

Second quarter 2022 earnings: EPS misses analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorated over the past week

Price target increased to CN¥83.25

Price target increased to CN¥79.90

Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.32 in 3Q 2020)

Price target increased to CN¥73.08

Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.29 in 2Q 2020)

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.19 in 1Q 2020)

New 90-day low: CN¥46.23

Investor sentiment deteriorated over the past week

Price target raised to CN¥64.39

Full year 2020 earnings released: EPS CN¥1.12 (vs CN¥0.95 in FY 2019)

Earnings beat expectations, revenue disappoints

New 90-day high: CN¥62.83

Hongfa Technology Co., Ltd. to Report Fiscal Year 2020 Results on Feb 03, 2021

New 90-day high: CN¥53.97

Price target raised to CN¥55.66

Third-quarter earnings released: Revenue and earnings beat expectations

Third quarter earnings released

New 90-day high: CN¥51.01

New 90-day high - CN¥50.90

Price target raised to CN¥42.65

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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