China Tungsten And Hightech MaterialsLtd Future Growth

Future criteria checks 2/6

China Tungsten And Hightech MaterialsLtd is forecast to grow earnings and revenue by 24.4% and 7.5% per annum respectively. EPS is expected to grow by 22.6% per annum. Return on equity is forecast to be 9.5% in 3 years.

Key information

24.4%

Earnings growth rate

22.6%

EPS growth rate

Metals and Mining earnings growth	24.2%
Revenue growth rate	7.5%
Future return on equity	9.5%
Analyst coverage	Low
Last updated	05 Dec 2024

Recent future growth updates

Recent updates

China Tungsten And Hightech MaterialsLtd (SZSE:000657) Hasn't Managed To Accelerate Its Returns

Oct 27

China Tungsten And Hightech MaterialsLtd (SZSE:000657) Has A Somewhat Strained Balance Sheet

Oct 08

A Piece Of The Puzzle Missing From China Tungsten And Hightech Materials Co.,Ltd's (SZSE:000657) 36% Share Price Climb

Oct 08

Earnings Troubles May Signal Larger Issues for China Tungsten And Hightech MaterialsLtd (SZSE:000657) Shareholders

Sep 02

Risks To Shareholder Returns Are Elevated At These Prices For China Tungsten And Hightech Materials Co.,Ltd (SZSE:000657)

Aug 08

Does China Tungsten And Hightech MaterialsLtd (SZSE:000657) Have A Healthy Balance Sheet?

May 22

Optimistic Investors Push China Tungsten And Hightech Materials Co.,Ltd (SZSE:000657) Shares Up 28% But Growth Is Lacking

Mar 15

Earnings and Revenue Growth Forecasts

SZSE:000657 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	15,798	634	N/A	1,169	3
12/31/2025	14,751	513	N/A	885	4
12/31/2024	13,572	391	N/A	999	4
9/30/2024	13,417	375	-136	207	N/A
6/30/2024	12,997	389	-343	-57	N/A
3/31/2024	12,646	449	-405	-34	N/A
12/31/2023	12,736	485	-210	152	N/A
9/30/2023	12,657	451	-288	319	N/A
6/30/2023	12,839	546	5	694	N/A
3/31/2023	13,110	527	23	612	N/A
1/1/2023	13,080	535	185	766	N/A
9/30/2022	12,375	529	41	512	N/A
6/30/2022	12,650	565	155	527	N/A
3/31/2022	12,436	557	227	689	N/A
1/1/2022	12,094	528	371	888	N/A
9/30/2021	12,558	463	-52	365	N/A
6/30/2021	11,758	308	-598	-46	N/A
3/31/2021	10,741	252	-588	-32	N/A
12/31/2020	9,919	221	-739	-172	N/A
9/30/2020	9,950	171	-460	200	N/A
6/30/2020	9,158	156	-168	363	N/A
3/31/2020	8,803	136	-96	435	N/A
12/31/2019	8,813	124	13	514	N/A
9/30/2019	8,033	137	307	596	N/A
6/30/2019	8,309	133	342	810	N/A
3/31/2019	8,269	113	29	438	N/A
12/31/2018	8,177	136	42	402	N/A
9/30/2018	7,916	117	-424	30	N/A
6/30/2018	7,556	153	N/A	89	N/A
3/31/2018	7,086	169	N/A	467	N/A
12/31/2017	6,709	135	N/A	532	N/A
9/30/2017	6,145	117	N/A	777	N/A
6/30/2017	5,632	67	N/A	602	N/A
3/31/2017	5,451	65	N/A	527	N/A
12/31/2016	5,196	13	N/A	467	N/A
9/30/2016	5,815	-322	N/A	378	N/A
6/30/2016	5,534	-377	N/A	354	N/A
3/31/2016	5,702	-461	N/A	414	N/A
12/31/2015	5,857	-516	N/A	574	N/A
9/30/2015	7,326	-11	N/A	1,388	N/A
6/30/2015	7,529	87	N/A	1,608	N/A
3/31/2015	8,151	60	N/A	1,253	N/A
12/31/2014	8,380	22	N/A	1,117	N/A
9/30/2014	7,683	-72	N/A	343	N/A
6/30/2014	10,317	-148	N/A	-474	N/A
3/31/2014	11,331	16	N/A	282	N/A
12/31/2013	11,237	158	N/A	387	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000657's forecast earnings growth (24.4% per year) is above the savings rate (2.8%).

Earnings vs Market: 000657's earnings (24.4% per year) are forecast to grow slower than the CN market (25.5% per year).

High Growth Earnings: 000657's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 000657's revenue (7.5% per year) is forecast to grow slower than the CN market (13.7% per year).

High Growth Revenue: 000657's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 000657's Return on Equity is forecast to be low in 3 years time (9.5%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 16:15
End of Day Share Price	2024/12/24 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

China Tungsten And Hightech Materials Co.,Ltd is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Fu Yang	Chasing Securities
Pei Lu	China Galaxy Securities Co., Ltd.
Weixiu Guo	China International Capital Corporation Limited

China Tungsten And Hightech MaterialsLtd Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 23% to CN¥11.60

Price target decreased by 11% to CN¥10.55

Price target increased by 7.6% to CN¥11.83

Recent updates

Investor sentiment improves as stock rises 16%

China Tungsten And Hightech MaterialsLtd (SZSE:000657) Hasn't Managed To Accelerate Its Returns

Price target increased by 23% to CN¥11.60

China Tungsten And Hightech MaterialsLtd (SZSE:000657) Has A Somewhat Strained Balance Sheet

A Piece Of The Puzzle Missing From China Tungsten And Hightech Materials Co.,Ltd's (SZSE:000657) 36% Share Price Climb

China Tungsten And Hightech Materials Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024

Investor sentiment improves as stock rises 25%

Earnings Troubles May Signal Larger Issues for China Tungsten And Hightech MaterialsLtd (SZSE:000657) Shareholders

Price target decreased by 11% to CN¥10.55

Second quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.10 in 2Q 2023)

Risks To Shareholder Returns Are Elevated At These Prices For China Tungsten And Hightech Materials Co.,Ltd (SZSE:000657)

China Tungsten And Hightech Materials Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024

China Tungsten And Hightech Materials Co.,Ltd announced that it expects to receive CNY 1.8 billion in funding

China Tungsten And Hightech Materials Co.,Ltd announced that it expects to receive CNY 1.8 billion in funding

New minor risk - Share price stability

China Tungsten And Hightech Materials Co.,Ltd Implements Cash Dividend for the Year 2023, Payable on 31 May 2024

Does China Tungsten And Hightech MaterialsLtd (SZSE:000657) Have A Healthy Balance Sheet?

New major risk - Financial position

Investor sentiment improves as stock rises 15%

China Tungsten And Hightech Materials Co.,Ltd, Annual General Meeting, May 21, 2024

First quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.069 in 1Q 2023)

Price target increased by 7.6% to CN¥11.83

Investor sentiment improves as stock rises 19%

China Tungsten And Hightech Materials Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024

Optimistic Investors Push China Tungsten And Hightech Materials Co.,Ltd (SZSE:000657) Shares Up 28% But Growth Is Lacking

Investor sentiment improves as stock rises 15%

Investor sentiment deteriorates as stock falls 19%

New minor risk - Share price stability

China Tungsten and Hightech Materials Plans to Buy Nonferrous Metals Firm

China Tungsten and Hightech Materials Plans to Buy Nonferrous Metals Firm

Less than half of directors are independent

China Tungsten and Hightech Materials Co.,Ltd Approves the Election of Zhao Zengshan as a Director

China Tungsten And Hightech Materials Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024

Third quarter 2023 earnings released: EPS: CN¥0.053 (vs CN¥0.12 in 3Q 2022)

China Tungsten and Hightech Materials Co.,Ltd Implements Interim Cash Dividend of A Shares, Payable on 17 October 2023

China Tungsten and Hightech Materials Co.,Ltd Approves Interim Dividend Payment

New minor risk - Earnings quality

China Tungsten and Hightech Materials Co.,Ltd Announces Interim Dividend Payment

Second quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.089 in 2Q 2022)

China Tungsten And Hightech Materials Co.,Ltd Approves the Election of Li Wenxing as Independent Director

China Tungsten And Hightech Materials Co.,Ltd to Report First Half, 2023 Results on Aug 23, 2023

First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.10 in 1Q 2022)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.19 in 3Q 2021)

Investor sentiment improved over the past week

China Tungsten and Hightech Materals Co.,Ltd Announces Interim Dividend on A Shares for the Year 2022, Payable on October 19, 2022

China Tungsten and Hightech Materals Co.,Ltd Approves Cash Dividend for the Year 2022

China Tungsten and Hightech Materals Co.,Ltd Announces the Profit Distribution Proposal for the First Half of 2022

Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 2Q 2021)

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

China Tungsten And Hightech Materals Co.,Ltd, Annual General Meeting, Jun 23, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Less than half of directors are independent

China Tungsten and Hightech Materials Co.,Ltd Announces Management Appointments

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.04 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.06 in 2Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.058 in 1Q 2020)

Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.14 in FY 2019)

New 90-day low: CN¥6.26

New 90-day high: CN¥7.43

New 90-day high: CN¥7.29

China Tungsten and Hightech Materials Co.,Ltd (SZSE:000657) acquired Nanchang Cemented Carbide Limited Liability Company from Minmetals Tungsten Group Co., Ltd. for approximately CNY 290 million.

Third quarter earnings released