Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.09, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.60 per share. Announcement • Jun 30
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 Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Hongjun Qiao was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 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 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 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 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 released: EPS: CN¥0.41 (vs CN¥0.35 in 3Q 2023) 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 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. 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¥33.53 per share. 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 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¥33.43, 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¥33.20, 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 released: EPS: CN¥0.47 (vs CN¥0.37 in 2Q 2023) 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 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¥22.86, 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. 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 released: EPS: CN¥1.34 (vs CN¥1.20 in FY 2022) 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 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¥30.80, 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¥28.45 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 released: EPS: CN¥0.35 (vs CN¥0.33 in 3Q 2022) 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 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 released: EPS: CN¥0.37 (vs CN¥0.32 in 2Q 2022) 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 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 Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥1.20 (vs CN¥1.02 in FY 2021) 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 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 released: EPS: CN¥0.32 (vs CN¥0.28 in 2Q 2021) 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). 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 • 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 released: EPS: CN¥0.38 (vs CN¥0.31 in 1Q 2021) 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). 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 17% per year. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint 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%. 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 but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
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 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 01
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 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥68.67, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 28x 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 10
New 90-day low: CN¥46.23 The company is down 7.0% from its price of CN¥49.91 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 2.0% 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. Is New 90 Day High Low • Feb 04
New 90-day high: CN¥62.83 The company is up 24% from its price of CN¥50.80 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.13 per share. Reported Earnings • Feb 04
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 29% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue misses expectations Revenue missed analyst estimates by 1.3%. 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 • 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. Is New 90 Day High Low • Nov 05
New 90-day high: CN¥52.15 The company is up 8.0% from its price of CN¥48.37 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.30 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 3.4% at CN¥2.00b. 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.