Announcement • May 30
Xiamen Hexing Packaging Printing Co., Ltd. Approves Cash Dividend (Tax Included) for 2025 Xiamen Hexing Packaging Printing Co., Ltd. at the AGM held on May 27, 2026, approved cash dividend (tax included) for 2025 of CNY 0.60000000 per 10 shares. Reported Earnings • Apr 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.09 (up from CN¥0.08 in FY 2024). Revenue: CN¥10.2b (down 11% from FY 2024). Net income: CN¥103.5m (up 11% from FY 2024). Profit margin: 1.0% (up from 0.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 27
Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, May 27, 2026 Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, May 27, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Announcement • Mar 31
Xiamen Hexing Packaging Printing Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Xiamen Hexing Packaging Printing Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥3.92, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Packaging industry in China. Total returns to shareholders of 41% over the past three years. New Risk • Dec 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 186% Cash payout ratio: 92% Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.08, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Packaging industry in China. Total returns to shareholders of 42% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.051 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.04 (down from CN¥0.051 in 3Q 2024). Revenue: CN¥2.59b (down 11% from 3Q 2024). Net income: CN¥44.4m (down 21% from 3Q 2024). Profit margin: 1.7% (down from 1.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings have declined by 28% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 166% Cash payout ratio: 284% Earnings have declined by 28% per year over the past 5 years. Announcement • Sep 30
Xiamen Hexing Packaging Printing Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 166% Cash payout ratio: 284% Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jul 02
Xiamen Hexing Packaging Printing Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Board Change • May 21
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. 4 non-independent directors. Independent Director Yong Hua Lu was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 20
Xiamen Hexing Packaging Printing Co., Ltd. (SZSE:002228) announces an Equity Buyback for CNY 100 million worth of its shares. Xiamen Hexing Packaging Printing Co., Ltd. (SZSE:002228) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 4.67 per share. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plan. The company will use its own funds and/or raised funds (including bank repurchase special loans, etc.) to repurchase its shares. The program will be valid till earlier of 12 months. New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (108% payout ratio). Reported Earnings • Apr 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥0.08 (down from CN¥0.09 in FY 2023). Revenue: CN¥11.5b (down 7.6% from FY 2023). Net income: CN¥93.6m (down 9.3% from FY 2023). Profit margin: 0.8% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, Jun 06, 2025 Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, Jun 06, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Announcement • Mar 31
Xiamen Hexing Packaging Printing Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Xiamen Hexing Packaging Printing Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.043 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.043 in 3Q 2023). Revenue: CN¥2.90b (down 7.7% from 3Q 2023). Net income: CN¥56.4m (up 41% from 3Q 2023). Profit margin: 1.9% (up from 1.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Xiamen Hexing Packaging Printing Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥2.91, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Packaging industry in China. Total loss to shareholders of 7.8% over the past three years. Major Estimate Revision • Sep 20
Consensus revenue estimates decrease by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥12.9b to CN¥11.5b. EPS estimate unchanged from CN¥0.13 per share at last update. Packaging industry in China expected to see average net income growth of 50% next year. Consensus price target of CN¥3.20 unchanged from last update. Share price rose 2.9% to CN¥2.52 over the past week. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.03 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.039 (up from CN¥0.03 in 2Q 2023). Revenue: CN¥2.95b (down 9.4% from 2Q 2023). Net income: CN¥54.5m (up 14% from 2Q 2023). Profit margin: 1.8% (up from 1.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Xiamen Hexing Packaging Printing Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 01
Xiamen Hexing Packaging Printing Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented on A Shares, Payable on 06 June 2024 Xiamen Hexing Packaging Printing Co., Ltd. announced the 2023 final profit distribution plan to be implemented (A shares): Cash dividend (tax included) of CNY 1.20000000 per 10 shares. Record date is on 05 June 2024 with Ex-date is on 06 June 2024. Payment date is on 06 June 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (in line with 1Q 2023). Revenue: CN¥2.74b (down 8.1% from 1Q 2023). Net income: CN¥33.6m (up 4.7% from 1Q 2023). Profit margin: 1.2% (up from 1.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 23
Price target decreased by 11% to CN¥3.20 Down from CN¥3.60, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥2.51. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.13 for next year compared to CN¥0.09 last year. Announcement • Apr 21
Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, May 10, 2024 Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.09 (down from CN¥0.11 in FY 2022). Revenue: CN¥12.4b (down 19% from FY 2022). Net income: CN¥103.1m (down 22% from FY 2022). Profit margin: 0.8% (down from 0.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 31%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Xiamen Hexing Packaging Printing Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥2.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Packaging industry in China. Total loss to shareholders of 25% over the past three years. Announcement • Dec 29
Xiamen Hexing Packaging Printing Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Major Estimate Revision • Nov 06
Consensus revenue estimates fall by 18% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥16.0b to CN¥13.1b. EPS estimate fell from CN¥0.16 to CN¥0.13 per share. Net income forecast to grow 76% next year vs 64% growth forecast for Packaging industry in China. Consensus price target down from CN¥3.70 to CN¥3.60. Share price rose 3.6% to CN¥3.43 over the past week. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.043 (vs CN¥0.031 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.043 (up from CN¥0.031 in 3Q 2022). Revenue: CN¥3.14b (down 14% from 3Q 2022). Net income: CN¥39.9m (up 2.6% from 3Q 2022). Profit margin: 1.3% (up from 1.1% in 3Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Xiamen Hexing Packaging Printing Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.051 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.051 in 2Q 2022). Revenue: CN¥3.26b (down 23% from 2Q 2022). Net income: CN¥47.8m (down 12% from 2Q 2022). Profit margin: 1.5% (up from 1.3% in 2Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • May 26
Xiamen Hexing Packaging Printing Co., Ltd. (SZSE:002228) announces an Equity Buyback for CNY 100 million worth of its shares. Xiamen Hexing Packaging Printing Co., Ltd. (SZSE:002228) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 4.89 per share. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plan. The program will be valid till earlier of 12 months. Announcement • May 18
Xiamen Hexing Packaging Printing Co., Ltd. Approves the Cash Dividend for the Year 2022 Xiamen Hexing Packaging Printing Co., Ltd. approved the cash dividend of CNY 1.20 (tax included) per 10 share for the year 2022, at the AGM held on May 16, 2022. Major Estimate Revision • May 06
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥17.2b to CN¥16.0b. EPS estimate also fell from CN¥0.18 per share to CN¥0.16 per share. Net income forecast to grow 87% next year vs 91% growth forecast for Packaging industry in China. Consensus price target of CN¥3.70 unchanged from last update. Share price was steady at CN¥3.25 over the past week. Reported Earnings • Apr 22
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.11 (down from CN¥0.18 in FY 2021). Revenue: CN¥15.4b (down 12% from FY 2021). Net income: CN¥132.2m (down 40% from FY 2021). Profit margin: 0.9% (down from 1.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to CN¥3.75 Down from CN¥4.51, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥3.27. Stock is down 5.5% over the past year. The company is forecast to post earnings per share of CN¥0.17 for next year compared to CN¥0.18 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jian Xiong Huang was the last independent director to join the board, commencing their role in 2022. 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¥0.031 (vs CN¥0.049 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.031 (down from CN¥0.049 in 3Q 2021). Revenue: CN¥3.64b (down 18% from 3Q 2021). Net income: CN¥38.9m (down 28% from 3Q 2021). Profit margin: 1.1% (down from 1.2% in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥19.7b to CN¥19.3b. EPS estimate also fell from CN¥0.26 per share to CN¥0.21 per share. Net income forecast to grow 35% next year vs 55% growth forecast for Packaging industry in China. Consensus price target down from CN¥4.51 to CN¥4.18. Share price was steady at CN¥3.42 over the past week. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.069 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.051 (down from CN¥0.069 in 2Q 2021). Revenue: CN¥4.21b (down 5.6% from 2Q 2021). Net income: CN¥54.3m (down 40% from 2Q 2021). Profit margin: 1.3% (down from 2.0% in 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 33% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Announcement • Jul 05
Xiamen Hexing Packaging Printing Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 8 July 2022 Xiamen Hexing Packaging Printing Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included): CNY 1.50000000. Record date is 7 July 2022, Ex-date is 8 July 2022 and payment date is 8 July 2022. Announcement • May 15
Xiamen Hexing Packaging Printing Co., Ltd Approves Cash Dividend for 2021 Xiamen Hexing Packaging Printing Co., Ltd. announced at annual general meeting held on12 May 2022, the shareholders approved cash dividend of CNY 1.50000000 per ten shares (tax included) for the year 2021. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.05 in 1Q 2021). Revenue: CN¥3.91b (up 4.3% from 1Q 2021). Net income: CN¥52.3m (down 14% from 1Q 2021). Profit margin: 1.3% (down from 1.6% in 1Q 2021). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 16%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target increased to CN¥4.51 Up from CN¥4.19, the current price target is an average from 2 analysts. New target price is 39% above last closing price of CN¥3.24. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.18 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jian Xiong Huang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 24
Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, May 12, 2022 Xiamen Hexing Packaging Printing Co., Ltd., Annual General Meeting, May 12, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; to consider reappointment of 2022 audit firm; to consider change of the Company's registered capital and amendments to the Company's articles of association; and to consider other matters. Announcement • Apr 22
Xiamen Hexing Packaging Printing Co., Ltd. Proposes Dividend for 2021 Xiamen Hexing Packaging Printing Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY 1.50000000 for 2021. Reported Earnings • Apr 21
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.18 (down from CN¥0.24 in FY 2020). Revenue: CN¥17.5b (up 46% from FY 2020). Net income: CN¥218.4m (down 25% from FY 2020). Profit margin: 1.2% (down from 2.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 6.7%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Feb 22
Xiamen Hexing Packaging Printing Co., Ltd. Elects Huang Jianxiong as Independent Directors Xiamen Hexing Packaging Printing Co., Ltd. at the EGM held on 18 February 2022, elected Huang Jianxiong as independent directors. Price Target Changed • Nov 03
Price target decreased to CN¥4.19 Down from CN¥4.89, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥3.43. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.20 for next year compared to CN¥0.24 last year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.049 (vs CN¥0.06 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥4.45b (up 35% from 3Q 2020). Net income: CN¥53.9m (down 32% from 3Q 2020). Profit margin: 1.2% (down from 2.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jun 16
Xiamen Hexing Packaging Printing Co., Ltd. (SZSE:002228) announces an Equity Buyback for CNY 100 million worth of its shares. Xiamen Hexing Packaging Printing Co., Ltd. (SZSE:002228) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 5.69 per share. The repurchases will be funded using company's own funds. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plan, otherwise will be cancelled thereby reducing the registered capital. The program will be valid till earlier of 12 months, or when the repurchase reaches the maximum limit, unless terminated by the Board earlier. Announcement • May 16
Xiamen Hexing Packaging Printing Co., Ltd. Approves Dividend for the Year 2020 Xiamen Hexing Packaging Printing Co., Ltd. announced at annual general meeting held on May 13, 2021, the shareholders approved CNY 1.00000000 per ten shares (tax included) for the year 2020. Major Estimate Revision • Apr 27
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CN¥12.1b to CN¥13.6b. EPS estimate fell from CN¥0.28 to CN¥0.27. Net income forecast to grow 13% next year vs 30% growth forecast for Packaging industry in China. Consensus price target of CN¥5.49 unchanged from last update. Share price fell 3.4% to CN¥3.73 over the past week. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.23 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¥12.0b (up 8.2% from FY 2019). Net income: CN¥290.1m (up 8.7% from FY 2019). Profit margin: 2.4% (in line with FY 2019). 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 4% per year, which means it is significantly lagging earnings. Announcement • Mar 08
Xiamen Hexing Packaging Printing Co., Ltd. to Report Fiscal Year 2020 Results on Apr 21, 2021 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report fiscal year 2020 results on Apr 21, 2021 Is New 90 Day High Low • Feb 09
New 90-day low: CN¥3.65 The company is down 17% from its price of CN¥4.39 on 11 November 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.06 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥4.01 The company is down 23% from its price of CN¥5.20 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.02 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥4.24 The company is down 21% from its price of CN¥5.40 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging 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¥0.89 per share. Is New 90 Day High Low • Nov 13
New 90-day low: CN¥4.26 The company is down 5.0% from its price of CN¥4.50 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.75 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥290.1m, up 18% from the prior year. Total revenue was CN¥10.9b over the last 12 months, down 3.2% from the prior year. Announcement • Aug 13
Xiamen Hexing Packaging Printing Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Xiamen Hexing Packaging Printing Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020