Hongfa Technology Future Growth

Future criteria checks 1/6

Hongfa Technology is forecast to grow earnings and revenue by 14.7% and 13.2% per annum respectively. EPS is expected to grow by 14.6% per annum. Return on equity is forecast to be 17.7% in 3 years.

Key information

14.7%

Earnings growth rate

14.6%

EPS growth rate

Electrical earnings growth	26.4%
Revenue growth rate	13.2%
Future return on equity	17.7%
Analyst coverage	Good
Last updated	13 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

XSSC: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	18,757	2,147	1,928	2,992	12
12/31/2025	16,592	1,865	1,343	2,770	14
12/31/2024	14,640	1,600	807	2,313	14
9/30/2024	13,916	1,559	1,100	2,201	N/A
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	12,570	1,385	703	1,941	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	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600885's forecast earnings growth (14.7% per year) is above the savings rate (2.8%).

Earnings vs Market: 600885's earnings (14.7% per year) are forecast to grow slower than the CN market (26.2% per year).

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

Revenue vs Market: 600885's revenue (13.2% per year) is forecast to grow slower than the CN market (13.9% per year).

High Growth Revenue: 600885's revenue (13.2% 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 (17.7%).

Hongfa Technology Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Third quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.35 in 3Q 2023)

Investor sentiment improves as stock rises 21%

Hongfa Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.37 in 2Q 2023)

Now 12% overvalued

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

Now 20% overvalued after recent price rise

Dividend of CN¥0.44 announced

Now 22% overvalued

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

Full year 2023 earnings released: EPS: CN¥1.34 (vs CN¥1.20 in FY 2022)

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

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

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 released: EPS: CN¥0.35 (vs CN¥0.33 in 3Q 2022)

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

Second quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.32 in 2Q 2022)

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

Full year 2022 earnings released: EPS: CN¥1.20 (vs CN¥1.02 in FY 2021)

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 released: EPS: CN¥0.32 (vs CN¥0.28 in 2Q 2021)

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: CN¥0.38 (vs CN¥0.31 in 1Q 2021)

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

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

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

New 90-day high: CN¥62.83

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

Revenue misses expectations

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

New 90-day high: CN¥53.97

New 90-day high: CN¥52.15

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day high: CN¥51.01

New 90-day high - CN¥50.90

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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