SZSE:002404

Stock Analysis Report

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Executive Summary

Zhejiang Jiaxin Silk Corp., Ltd. manufactures and sells silk fabrics and garments, and other silk-related products. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.

Share Price & News

How has Zhejiang Jiaxin Silk's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002404 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 002404's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

-4.7%

2404

-1.1%

CN Luxury

-1.3%

CN Market


1 Year Return

-3.4%

2404

-10.6%

CN Luxury

25.5%

CN Market

Return vs Industry: 002404 exceeded the CN Luxury industry which returned -10.6% over the past year.

Return vs Market: 002404 underperformed the CN Market which returned 25.5% over the past year.


Shareholder returns

2404IndustryMarket
7 Day-4.7%-1.1%-1.3%
30 Day-21.3%-7.5%5.4%
90 Day-3.4%-14.8%5.8%
1 Year-0.01%-3.4%-8.6%-10.6%27.6%25.5%
3 Year4.5%-4.5%-25.9%-29.9%23.6%17.5%
5 Year-4.0%-15.0%-36.5%-41.2%39.6%30.2%

Long-Term Price Volatility Vs. Market

How volatile is Zhejiang Jiaxin Silk's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Zhejiang Jiaxin Silk undervalued compared to its fair value and its price relative to the market?

19.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002404 (CN¥6.3) is trading above our estimate of fair value (CN¥2.1)

Significantly Below Fair Value: 002404 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002404 is good value based on its PE Ratio (19.8x) compared to the CN Luxury industry average (25.3x).

PE vs Market: 002404 is good value based on its PE Ratio (19.8x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 002404's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 002404 is overvalued based on its PB Ratio (2x) compared to the CN Luxury industry average (1.8x).


Next Steps

Future Growth

How is Zhejiang Jiaxin Silk 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 Jiaxin Silk 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 Jiaxin Silk performed over the past 5 years?

19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002404 has a high level of non-cash earnings.

Growing Profit Margin: 002404's current net profit margins (6.9%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: 002404's earnings have grown by 19.4% per year over the past 5 years.

Accelerating Growth: 002404's earnings growth over the past year (18.6%) is below its 5-year average (19.4% per year).

Earnings vs Industry: 002404 earnings growth over the past year (18.6%) exceeded the Luxury industry -10.3%.


Return on Equity

High ROE: 002404's Return on Equity (10.6%) is considered low.


Next Steps

Financial Health

How is Zhejiang Jiaxin Silk's financial position?


Financial Position Analysis

Short Term Liabilities: 002404's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.1B).

Long Term Liabilities: 002404's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥79.6M).


Debt to Equity History and Analysis

Debt Level: 002404's debt to equity ratio (38%) is considered satisfactory.

Reducing Debt: 002404's debt to equity ratio has increased from 32.7% to 38% over the past 5 years.

Debt Coverage: 002404's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002404 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Zhejiang Jiaxin Silk current dividend yield, its reliability and sustainability?

3.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002404's dividend (3.17%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 002404's dividend (3.17%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 002404's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002404's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.8%), 002404's dividend 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?

3.4yrs

Average board tenure


CEO

Hong Xu

no data

Tenure

CN¥1,104,900

Compensation

Mr. Hong Xu serves as the President and Vice Chairman of Zhejiang Jiaxin Silk Corp., Ltd.


Board Members

NamePositionTenureCompensationOwnership
Hong Xu
Vice Chairman & Presidentno dataCN¥1.10m4.11%
CN¥ 147.4m
Xiao Zheng
Secretary of the Board & Non-Independent Director3.42yrsCN¥864.70kno data
Guojian Zhou
Chairmanno dataCN¥868.30k19.98%
CN¥ 716.0m
Jianyong Zhu
Non-Employee Supervisor3.42yrsCN¥81.05kno data
Zhuoming Liu
Non-Independent Director3.42yrsCN¥666.20kno data
Ning Zhang
Supervisorno datano datano data
Qing Rong Zhou
Supervisorno datano datano data
Guoqiang Zhang
Non-Independent Director3.42yrsno datano data
Yuqi Shen
Non-Independent Director3.42yrsCN¥865.00kno data
Kaijun Shen
Independent Director0.50yrno datano data
Jinhong Fei
Independent Director0.50yrno datano data
Zhimin Fan
Independent Director0.50yrno datano data

3.4yrs

Average Tenure

Experienced Board: 002404's board of directors are considered experienced (3.4 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Zhejiang Jiaxin Silk Corp., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Jiaxin Silk Corp., Ltd.
  • Ticker: 2404
  • Exchange: SZSE
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: CN¥3.583b
  • Shares outstanding: 568.72m
  • Website: https://www.jxsilk.com

Number of Employees


Location

  • Zhejiang Jiaxin Silk Corp., Ltd.
  • The Silk Building
  • No. 88, Zhongshan Road
  • Jiaxing
  • Zhejiang Province
  • 314000
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2404SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYMay 2010

Biography

Zhejiang Jiaxin Silk Corp., Ltd. manufactures and sells silk fabrics and garments, and other silk-related products. It is involved in cocoon purchasing and drying, throwing, fabric manufacturing, and print...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 09:25
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.