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AVIC Industry-Finance Holdings SHSE:600705 Stock Report

Last Price


Market Cap







09 Aug, 2022


Company Financials +
600705 fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance4/6
Financial Health2/6

600705 Stock Overview

AVIC Industry-Finance Holdings Co., Ltd. provides securities brokerage and investment banking services.

AVIC Industry-Finance Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AVIC Industry-Finance Holdings
Historical stock prices
Current Share PriceCN¥3.16
52 Week HighCN¥4.26
52 Week LowCN¥3.12
1 Month Change-3.07%
3 Month Change-4.82%
1 Year Change-19.18%
3 Year Change-31.60%
5 Year Change-45.52%
Change since IPO-0.32%

Recent News & Updates

Shareholder Returns

600705CN Diversified FinancialCN Market

Return vs Industry: 600705 underperformed the CN Diversified Financial industry which returned -4.8% over the past year.

Return vs Market: 600705 underperformed the CN Market which returned -11.1% over the past year.

Price Volatility

Is 600705's price volatile compared to industry and market?
600705 volatility
600705 Average Weekly Movement2.9%
Diversified Financial Industry Average Movement5.7%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 600705 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600705's weekly volatility (3%) has been stable over the past year.

About the Company

n/a4,995Jiang Tao Yao

AVIC Industry-Finance Holdings Co., Ltd. provides securities brokerage and investment banking services. It offers traditional securities brokerage, financial product sales, investment planning and portfolio management, financial advisory, and securities investment services to retail customers; and professional and other financial services to corporate entities. The company also provides margin financing and securities lending services, including capital intermediary, equity investment, fixed income investment, derivative investment, and innovation investment.

AVIC Industry-Finance Holdings Fundamentals Summary

How do AVIC Industry-Finance Holdings's earnings and revenue compare to its market cap?
600705 fundamental statistics
Market CapCN¥27.99b
Earnings (TTM)CN¥3.82b
Revenue (TTM)CN¥13.98b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
600705 income statement (TTM)
Cost of RevenueCN¥6.29b
Gross ProfitCN¥7.69b
Other ExpensesCN¥3.87b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.43
Gross Margin55.00%
Net Profit Margin27.31%
Debt/Equity Ratio263.9%

How did 600705 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 600705 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600705?

Other financial metrics that can be useful for relative valuation.

600705 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

How does 600705's PE Ratio compare to its peers?

600705 PE Ratio vs Peers
The above table shows the PE ratio for 600705 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.5x
600643 Shanghai Aj GroupLtd
600901 Jiangsu Financial Leasing
601162 Tianfeng Securities
000783 Changjiang Securities
600705 AVIC Industry-Finance Holdings

Price-To-Earnings vs Peers: 600705 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (23.5x).

Price to Earnings Ratio vs Industry

How does 600705's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

Price-To-Earnings vs Industry: 600705 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Asian Diversified Financial industry average (14.2x)

Price to Earnings Ratio vs Fair Ratio

What is 600705's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600705 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: 600705 is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

Share Price vs Fair Value

What is the Fair Price of 600705 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600705 (CN¥3.16) is trading below our estimate of fair value (CN¥3.18)

Significantly Below Fair Value: 600705 is trading below fair value, but not by a significant amount.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Future Growth

How is AVIC Industry-Finance Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 600705's forecast earnings growth (14.7% per year) is above the savings rate (3.2%).

Earnings vs Market: 600705's earnings (14.7% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 600705's earnings are forecast to grow, but not significantly.

Revenue vs Market: 600705's revenue (14.7% per year) is forecast to grow slower than the CN market (17.8% per year).

High Growth Revenue: 600705's revenue (14.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 600705's Return on Equity is forecast to be low in 3 years time (10.8%).

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Past Performance

How has AVIC Industry-Finance Holdings performed over the past 5 years?

Past Performance Score


Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 600705 has high quality earnings.

Growing Profit Margin: 600705's current net profit margins (27.3%) are higher than last year (20.9%).

Past Earnings Growth Analysis

Earnings Trend: 600705's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: 600705's earnings growth over the past year (20.5%) exceeds its 5-year average (8% per year).

Earnings vs Industry: 600705 earnings growth over the past year (20.5%) underperformed the Diversified Financial industry 20.9%.

Return on Equity

High ROE: 600705's Return on Equity (7.7%) is considered low.

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Financial Health

How is AVIC Industry-Finance Holdings's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 600705's short term assets (CN¥242.0B) exceed its short term liabilities (CN¥241.1B).

Long Term Liabilities: 600705's short term assets (CN¥242.0B) exceed its long term liabilities (CN¥102.4B).

Debt to Equity History and Analysis

Debt Level: 600705's net debt to equity ratio (130.7%) is considered high.

Reducing Debt: 600705's debt to equity ratio has increased from 257.1% to 263.9% over the past 5 years.

Debt Coverage: 600705's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 600705's interest payments on its debt are well covered by EBIT.

Balance Sheet

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What is AVIC Industry-Finance Holdings's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 600705's dividend (4.81%) is higher than the bottom 25% of dividend payers in the CN market (0.46%).

High Dividend: 600705's dividend (4.81%) is in the top 25% of dividend payers in the CN market (1.91%)

Stability and Growth of Payments

Stable Dividend: 600705 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 600705's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.7%), 600705's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: 600705 is paying a dividend but the company has no free cash flows.

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


Average board tenure


Jiang Tao Yao (59 yo)





Mr. Jiang Tao Yao serves as General Manager at AVIC Capital Co. limited since November 2020 also serves as Chairman of the Board since 2020.

Board Members

Experienced Board: 600705's board of directors are considered experienced (5.3 years average tenure).


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

AVIC Industry-Finance Holdings Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: AVIC Industry-Finance Holdings Co., Ltd.
  • Ticker: 600705
  • Exchange: SHSE
  • Founded: NaN
  • Industry: Other Diversified Financial Services
  • Sector: Diversified Financials
  • Implied Market Cap: CN¥27.993b
  • Shares outstanding: 8.83b
  • Website:

Number of Employees


  • AVIC Industry-Finance Holdings Co., Ltd.
  • AVIC Capital Building
  • Building 2
  • Beijing
  • 100103
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Annual Earnings2021/12/31

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.