Hang Xiao Steel Structure Co.,Ltd
XSSC:600477 Stock Report
Hang Xiao Steel StructureLtd Balance Sheet Health
Financial Health criteria checks 2/6 Hang Xiao Steel StructureLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥5.2B, which brings its debt-to-equity ratio to 92.5%. Its total assets and total liabilities are CN¥16.0B and CN¥10.5B respectively. Hang Xiao Steel StructureLtd's EBIT is CN¥396.9M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥540.0M.
Key information
92.5%
Debt to equity ratio
Interest coverage ratio 2.4x Cash CN¥539.98m Equity CN¥5.57b Total liabilities CN¥10.46b Total assets CN¥16.03b
Recent financial health updates
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Third quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.02 in 3Q 2023) Nov 02
Hang Xiao Steel Structure Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Sep 30
Investor sentiment improves as stock rises 16% Sep 28
New minor risk - Earnings quality Sep 14
Hang Xiao Steel Structure Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024 Jun 28
Dividend of CN¥0.05 announced Jun 06
First quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.027 in 1Q 2023) May 03
Hang Xiao Steel Structure Co.,Ltd, Annual General Meeting, Apr 24, 2024 Mar 30
Hang Xiao Steel Structure Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Mar 29
Investor sentiment deteriorates as stock falls 17% Feb 05
Hang Xiao Steel Structure Co.,Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024 Dec 29
Hang Xiao Steel Structure Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 Sep 30
Second quarter 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.053 in 2Q 2022) Aug 29
Hang Xiao Steel Structure Co.,Ltd to Report First Half, 2023 Results on Aug 26, 2023 Jun 28
Longyuan International Investment Development Co., Ltd. acquired additional 41% stake in Zhejiang Dinghong Technology Development Co., Ltd. from Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) for CNY 37.2 million. May 18
Investor sentiment improved over the past week Jan 19
Less than half of directors are independent Nov 16
Third quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.084 in 3Q 2021) Oct 30
Second quarter 2022 earnings released: EPS: CN¥0.053 (vs CN¥0.042 in 2Q 2021) Aug 29
Investor sentiment improved over the past week Aug 22
Investor sentiment improved over the past week Aug 01
Investor sentiment improved over the past week Jun 28
First quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.041 in 1Q 2021) Apr 29
Less than half of directors are independent Apr 27
Investor sentiment improved over the past week Jan 05
Third quarter 2021 earnings released: EPS CN¥0.084 (vs CN¥0.078 in 3Q 2020) Oct 23
Second quarter 2021 earnings released: EPS CN¥0.042 (vs CN¥0.12 in 2Q 2020) Aug 29
Investor sentiment improved over the past week Jul 21
First quarter 2021 earnings released: EPS CN¥0.041 (vs CN¥0.10 in 1Q 2020) May 04
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.22 in FY 2019) Mar 28
New 90-day high: CN¥4.23 Mar 13
Hang Xiao Steel Structure Co.,Ltd to Report Fiscal Year 2020 Results on Mar 27, 2021 Mar 05
New 90-day low: CN¥3.61 Jan 07
New 90-day low: CN¥3.97 Dec 16
Third quarter earnings released Oct 30
Hang Xiao Steel Structure Co.,Ltd announced that it expects to receive CNY 1.2 billion in funding Oct 29
Hang Xiao Steel Structure Co.,Ltd to Report Q3, 2020 Results on Oct 30, 2020 Oct 27
Hangzhou Xinchengyuan Venture Capital Co., Ltd., Zhang Zhenyong and Hangzhou Wanxiao Enterprise Management Consulting Partnership (Limited Partnership) intends to acquire Wanjun Real Estate Co. Ltd. from Hang Xiao Steel Structure Co.,Ltd (SHSE:600477) for approximately CNY 270 million. Aug 11
Earnings released Aug 11
Financial Position Analysis
Short Term Liabilities: 600477's short term assets (CN¥10.2B) exceed its short term liabilities (CN¥8.8B).
Long Term Liabilities: 600477's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600477's net debt to equity ratio (82.8%) is considered high .
Reducing Debt: 600477's debt to equity ratio has increased from 34.7% to 92.5% over the past 5 years.
Debt Coverage: 600477's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600477's interest payments on its debt are not well covered by EBIT (2.4x coverage).
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