Announcement • Jun 30
Guangdong HEC Technology Holding Co., Ltd to Report First Half, 2026 Results on Aug 18, 2026 Guangdong HEC Technology Holding Co., Ltd announced that they will report first half, 2026 results on Aug 18, 2026 Board Change • May 20
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. 6 non-independent directors. Independent Director Xie Bin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 10
Guangdong HEC Technology Holding Co., Ltd, Annual General Meeting, May 08, 2026 Guangdong HEC Technology Holding Co., Ltd, Annual General Meeting, May 08, 2026, at 10:00 China Standard Time. Location: HEC Industrial Park, Hougongdu Town, Ruyuan County, Shaoguan, Guangdong China Announcement • Mar 30
Guangdong HEC Technology Holding Co., Ltd to Report Q1, 2026 Results on Apr 28, 2026 Guangdong HEC Technology Holding Co., Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Feb 25
Guangdong HEC Technology Holding Co., Ltd (SHSE:600673) signed purchase intention agreement to acquire an additional unknown minority stake in Yichang Dongshu No. 1 Investment Co., Ltd.. Guangdong HEC Technology Holding Co., Ltd (SHSE:600673) signed purchase intention agreement to acquire an additional unknown minority stake in Yichang Dongshu No. 1 Investment Co., Ltd. on February 24, 2026. The consideration consists of common equity of Guangdong HEC Technology Holding Co., Ltd to be issued for common equity of Yichang Dongshu No. 1 Investment Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Yichang Dongshu No. 1 Investment Co., Ltd. Announcement • Dec 26
Guangdong HEC Technology Holding Co., Ltd to Report Fiscal Year 2025 Results on Apr 10, 2026 Guangdong HEC Technology Holding Co., Ltd announced that they will report fiscal year 2025 results on Apr 10, 2026 Announcement • Sep 30
Guangdong HEC Technology Holding Co., Ltd to Report Q3, 2025 Results on Oct 28, 2025 Guangdong HEC Technology Holding Co., Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Guangdong HEC Technology Holding Co., Ltd to Report First Half, 2025 Results on Aug 15, 2025 Guangdong HEC Technology Holding Co., Ltd announced that they will report first half, 2025 results on Aug 15, 2025 Announcement • Apr 10
Guangdong HEC Technology Holding Co., Ltd, Annual General Meeting, May 08, 2025 Guangdong HEC Technology Holding Co., Ltd, Annual General Meeting, May 08, 2025, at 10:00 China Standard Time. Location: HEC Industrial Park, Hougongdu Town, Ruyuan County, Shaoguan, Guangdong China Announcement • Mar 28
Guangdong HEC Technology Holding Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Guangdong HEC Technology Holding Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Guangdong HEC Technology Holding Co., Ltd to Report Fiscal Year 2024 Results on Apr 10, 2025 Guangdong HEC Technology Holding Co., Ltd announced that they will report fiscal year 2024 results on Apr 10, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.028 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.028 loss in 3Q 2023). Revenue: CN¥2.87b (down 22% from 3Q 2023). Net income: CN¥86.0m (up CN¥168.7m from 3Q 2023). Profit margin: 3.0% (up from net loss in 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 59% 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. Announcement • Sep 30
Guangdong HEC Technology Holding Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Guangdong HEC Technology Holding Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.043 (vs CN¥0.067 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.043 (up from CN¥0.067 loss in 2Q 2023). Revenue: CN¥3.18b (up 23% from 2Q 2023). Net income: CN¥127.7m (up CN¥332.2m from 2Q 2023). Profit margin: 4.0% (up from net loss in 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 26
Guangdong HEC Technology Holding Co., Ltd (SHSE:600673) announces an Equity Buyback for CNY 400 million worth of its shares. Guangdong HEC Technology Holding Co., Ltd (SHSE:600673) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its shares. The shares will be repurchased at a price not more than CNY 9.10 per share. The repurchased shares will be used for employee stock ownership plans and equity incentives. The source of fund for the repurchases will be own funds of the company. The program will be valid for a period of 6 months. Announcement • Jun 28
Guangdong HEC Technology Holding Co., Ltd to Report First Half, 2024 Results on Aug 20, 2024 Guangdong HEC Technology Holding Co., Ltd announced that they will report first half, 2024 results on Aug 20, 2024 Announcement • Apr 29
Guangdong HEC Technology Holding Co., Ltd, Annual General Meeting, May 17, 2024 Guangdong HEC Technology Holding Co., Ltd, Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Shantou, Guangdong China New Risk • Apr 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.1% increase in shares outstanding). New Risk • Apr 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.1% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Mar 31
Full year 2023 earnings released: CN¥0.10 loss per share (vs CN¥0.43 profit in FY 2022) Full year 2023 results: CN¥0.10 loss per share (down from CN¥0.43 profit in FY 2022). Revenue: CN¥10.9b (down 7.2% from FY 2022). Net loss: CN¥294.3m (down 124% from profit in FY 2022). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Mar 29
Guangdong HEC Technology Holding Co., Ltd to Report Q1, 2024 Results on Apr 24, 2024 Guangdong HEC Technology Holding Co., Ltd announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥7.47, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Metals and Mining industry in China. Total returns to shareholders of 67% over the past three years. Announcement • Dec 29
Guangdong HEC Technology Holding Co., Ltd to Report Fiscal Year 2023 Results on Mar 30, 2024 Guangdong HEC Technology Holding Co., Ltd announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.028 loss per share (vs CN¥0.031 profit in 3Q 2022) Third quarter 2023 results: CN¥0.028 loss per share (down from CN¥0.031 profit in 3Q 2022). Revenue: CN¥3.68b (up 32% from 3Q 2022). Net loss: CN¥82.6m (down 191% from profit in 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.12, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Metals and Mining industry in China. Total returns to shareholders of 34% over the past three years. Announcement • Sep 30
Guangdong HEC Technology Holding Co., Ltd to Report Q3, 2023 Results on Oct 28, 2023 Guangdong HEC Technology Holding Co., Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.067 loss per share (vs CN¥0.12 profit in 2Q 2022) Second quarter 2023 results: CN¥0.067 loss per share (down from CN¥0.12 profit in 2Q 2022). Revenue: CN¥2.60b (down 16% from 2Q 2022). Net loss: CN¥204.6m (down 161% from profit in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Guangdong HEC Technology Holding Co., Ltd to Report First Half, 2023 Results on Aug 26, 2023 Guangdong HEC Technology Holding Co., Ltd announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.43 (up from CN¥0.29 in FY 2021). Revenue: CN¥11.7b (down 8.6% from FY 2021). Net income: CN¥1.24b (up 42% from FY 2021). Profit margin: 11% (up from 6.8% in FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 6 non-independent directors. Independent Director Hailiang Fu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥11.09, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 43% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.077 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.031 (down from CN¥0.077 in 3Q 2021). Revenue: CN¥2.79b (down 12% from 3Q 2021). Net income: CN¥91.0m (down 60% from 3Q 2021). Profit margin: 3.3% (down from 7.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥13.10, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 68% over the past three years. Reported Earnings • Jul 31
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥3.08b (down 6.0% from 2Q 2021). Net income: CN¥336.3m (up 443% from 2Q 2021). Profit margin: 11% (up from 1.9% in 2Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.47, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 5.9% over the past three years. Board Change • Apr 27
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. 7 non-independent directors. Independent Director Hailiang Fu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.14 in FY 2020). Revenue: CN¥12.8b (up 23% from FY 2020). Net income: CN¥860.1m (up 107% from FY 2020). Profit margin: 6.7% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.7%. Over the next year, revenue is expected to shrink by 8.3% compared to a 10,788% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has fallen by 33% 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. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥11.41, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 48% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.077 (vs CN¥0.026 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥3.18b (up 45% from 3Q 2020). Net income: CN¥227.2m (up CN¥305.9m from 3Q 2020). Profit margin: 7.1% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.017 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.28b (up 41% from 2Q 2020). Net income: CN¥61.9m (up CN¥113.0m from 2Q 2020). Profit margin: 1.9% (up from net loss in 2Q 2020). 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 6% per year, which means it has not declined as severely as earnings. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.008 (vs CN¥0.10 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.61b (down 26% from 1Q 2020). Net income: CN¥21.8m (down 93% from 1Q 2020). Profit margin: 0.8% (down from 8.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.38 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥10.4b (down 30% from FY 2019). Net income: CN¥415.7m (down 63% from FY 2019). Profit margin: 4.0% (down from 7.5% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 21% per year. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥4.71 The company is down 20% from its price of CN¥5.91 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥5.11 The company is down 17% from its price of CN¥6.13 on 25 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 Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥5.34 The company is down 17% from its price of CN¥6.41 on 11 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 Metals and Mining industry, which is up 7.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥489.0m, down 53% from the prior year. Total revenue was CN¥12.3b over the last 12 months, down 10% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥5.95 The company is down 18% from its price of CN¥7.23 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period.