SZSE:002003

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Zhejiang Weixing Industrial Development

Executive Summary

Zhejiang Weixing Industrial Development Co., Ltd. More Details


Snowflake Analysis

Excellent balance sheet with solid track record and pays a dividend.

Share Price & News

How has Zhejiang Weixing Industrial Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002003 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 002003's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

2.7%

2003

-1.1%

CN Luxury

-1.3%

CN Market


1 Year Return

1.1%

2003

-10.6%

CN Luxury

25.5%

CN Market

Return vs Industry: 002003 exceeded the CN Luxury industry which returned -10.6% over the past year.

Return vs Market: 002003 underperformed the CN Market which returned 25.5% over the past year.


Shareholder returns

2003IndustryMarket
7 Day2.7%-1.1%-1.3%
30 Day-10.3%-7.5%5.4%
90 Day-2.4%-14.8%5.8%
1 Year8.8%1.1%-8.6%-10.6%27.6%25.5%
3 Year-19.0%-31.1%-25.9%-29.9%23.6%17.5%
5 Year-9.4%-28.4%-36.5%-41.2%39.6%30.2%

Long-Term Price Volatility Vs. Market

How volatile is Zhejiang Weixing Industrial Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Zhejiang Weixing Industrial Development undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 002003 (CN¥6.39) is trading below our estimate of fair value (CN¥14.23)

Significantly Below Fair Value: 002003 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 002003 is good value based on its PE Ratio (13.6x) compared to the CN Luxury industry average (25.3x).

PE vs Market: 002003 is good value based on its PE Ratio (13.6x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 002003's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 002003 is overvalued based on its PB Ratio (2x) compared to the CN Luxury industry average (1.8x).


Next Steps

Future Growth

How is Zhejiang Weixing Industrial Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

31.6%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zhejiang Weixing Industrial Development has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Zhejiang Weixing Industrial Development performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002003 has high quality earnings.

Growing Profit Margin: 002003's current net profit margins (14.3%) are higher than last year (10.4%).


Past Earnings Growth Analysis

Earnings Trend: 002003's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: 002003's earnings growth over the past year (23.7%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: 002003 earnings growth over the past year (23.7%) exceeded the Luxury industry -10.3%.


Return on Equity

High ROE: 002003's Return on Equity (13.7%) is considered low.


Next Steps

Financial Health

How is Zhejiang Weixing Industrial Development's financial position?


Financial Position Analysis

Short Term Liabilities: 002003's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥734.5M).

Long Term Liabilities: 002003's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥90.5M).


Debt to Equity History and Analysis

Debt Level: 002003's debt to equity ratio (12.7%) is considered satisfactory.

Reducing Debt: 002003's debt to equity ratio has increased from 3.8% to 12.7% over the past 5 years.

Debt Coverage: 002003's debt is well covered by operating cash flow (204.8%).

Interest Coverage: 002003 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Zhejiang Weixing Industrial Development current dividend yield, its reliability and sustainability?

6.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002003's dividend (6.26%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 002003's dividend (6.26%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 002003's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002003's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85.1%), 002003's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average board tenure


CEO

Sanyun Zhang (56 yo)

no data

Tenure

CN¥864,300

Compensation

Mr. Sanyun Zhang serves as the General Manager and Vice Chairman of Zhejiang Weixing Industrial Development Co. Mr. Zhang serves as Deputy Chairman of the board of directors and General Manager at Weixing ...


Board Members

NamePositionTenureCompensationOwnership
Sanyun Zhang
Vice-Chairman of the Board of Directors and General Managerno dataCN¥864.30k4.36%
CN¥ 215.9m
Li Shen
CFO, Deputy GM & Director1.58yrsCN¥390.00kno data
Jin Kun Xie
Deputy General Managerno dataCN¥510.00k2.98%
CN¥ 147.6m
Li Cai
Deputy GM & Director1.58yrsCN¥520.00k0.87%
CN¥ 43.0m
Kapeng Zhang
Chairmanno datano data6.57%
CN¥ 325.9m
Fuhua Zheng
Member of the Supervisory Boardno datano data0.57%
CN¥ 28.2m
Jiamin Shi
Employee Representative to the Supervisory Boardno datano datano data
Lijun Ye
Chairman of the Supervisory Boardno datano datano data
Yousen Hou
Director1.58yrsno data1.07%
CN¥ 53.0m
Zhimin Chen
Independent Director1.58yrsno datano data
Meiying Mao
Independent Director1.58yrsno datano data
Yuejiang Zhou
Independent Director1.58yrsno datano data

1.6yrs

Average Tenure

54yo

Average Age

Experienced Board: 002003's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Zhejiang Weixing Industrial Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Weixing Industrial Development Co., Ltd.
  • Ticker: 2003
  • Exchange: SZSE
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: CN¥4.958b
  • Shares outstanding: 775.85m
  • Website: https://www.weixing.cn/index.php

Number of Employees


Location

  • Zhejiang Weixing Industrial Development Co., Ltd.
  • Weixing Dayang Industrial Park Zone
  • No. 8 Qianjiang South Road
  • Linhai
  • Zhejiang Province
  • 317000
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2003SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJun 2004
2003XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJun 2004

Biography

Zhejiang Weixing Industrial Development Co., Ltd. engages in research and development, production, and sale of clothing accessories in China and internationally. Its products include buttons, zippers, meta...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 09:19
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.