SZSE:002602

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Zhejiang Century Huatong GroupLtd

Executive Summary

Zhejiang Century Huatong Group Co.,Ltd engages in the auto parts and Internet games business in China and internationally. More Details


Snowflake Analysis

Very undervalued with solid track record.


Similar Companies

Share Price & News

How has Zhejiang Century Huatong GroupLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002602 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 002602's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.1%

2602

-0.2%

CN Entertainment

0.5%

CN Market


1 Year Return

-42.1%

2602

-10.4%

CN Entertainment

23.2%

CN Market

Return vs Industry: 002602 underperformed the CN Entertainment industry which returned -10.4% over the past year.

Return vs Market: 002602 underperformed the CN Market which returned 23.2% over the past year.


Shareholder returns

2602IndustryMarket
7 Day7.1%-0.2%0.5%
30 Day4.3%-6.2%0.6%
90 Day-17.4%-7.8%3.8%
1 Year-42.1%-42.1%-9.9%-10.4%25.2%23.2%
3 Year-37.9%-38.5%-31.9%-33.2%30.0%23.6%
5 Year1.5%-0.1%-46.2%-47.1%47.5%37.4%

Long-Term Price Volatility Vs. Market

How volatile is Zhejiang Century Huatong GroupLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Zhejiang Century Huatong GroupLtd undervalued compared to its fair value and its price relative to the market?

43.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 002602 (CN¥6.78) is trading below our estimate of fair value (CN¥12.09)

Significantly Below Fair Value: 002602 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 002602 is good value based on its PE Ratio (14.9x) compared to the CN Entertainment industry average (33.6x).

PE vs Market: 002602 is good value based on its PE Ratio (14.9x) compared to the CN market (34.9x).


Price to Earnings Growth Ratio

PEG Ratio: 002602 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: 002602 is good value based on its PB Ratio (1.7x) compared to the CN Entertainment industry average (2.7x).


Next Steps

Future Growth

How is Zhejiang Century Huatong GroupLtd forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

21.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002602's forecast earnings growth (21.8% per year) is above the savings rate (3.3%).

Earnings vs Market: 002602's earnings (21.8% per year) are forecast to grow slower than the CN market (25.1% per year).

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

Revenue vs Market: 002602's revenue (14.1% per year) is forecast to grow slower than the CN market (18.4% per year).

High Growth Revenue: 002602's revenue (14.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002602's Return on Equity is forecast to be low in 3 years time (13.8%).


Next Steps

Past Performance

How has Zhejiang Century Huatong GroupLtd performed over the past 5 years?

37.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002602 has high quality earnings.

Growing Profit Margin: 002602's current net profit margins (17.5%) are higher than last year (7.1%).


Past Earnings Growth Analysis

Earnings Trend: 002602's earnings have grown significantly by 37.7% per year over the past 5 years.

Accelerating Growth: 002602's earnings growth over the past year (171.6%) exceeds its 5-year average (37.7% per year).

Earnings vs Industry: 002602 earnings growth over the past year (171.6%) exceeded the Entertainment industry 11.8%.


Return on Equity

High ROE: 002602's Return on Equity (10.2%) is considered low.


Next Steps

Financial Health

How is Zhejiang Century Huatong GroupLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 002602's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥7.2B).

Long Term Liabilities: 002602's short term assets (CN¥11.9B) exceed its long term liabilities (CN¥4.1B).


Debt to Equity History and Analysis

Debt Level: 002602's debt to equity ratio (25%) is considered satisfactory.

Reducing Debt: 002602's debt to equity ratio has increased from 10.1% to 25% over the past 5 years.

Debt Coverage: 002602's debt is well covered by operating cash flow (41.3%).

Interest Coverage: 002602's interest payments on its debt are well covered by EBIT (1626.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Zhejiang Century Huatong GroupLtd current dividend yield, its reliability and sustainability?

11.53%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 002602's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 002602's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 002602's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002602's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 002602 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 002602's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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

12.5yrs

Average management tenure


CEO

Ji Wang (49 yo)

no data

Tenure

Mr. Ji Wang serves as the Chief Executive Officer and Non-Independent Director at Zhejiang Century Huatong Group Co.,Ltd (formerly known as Zhejiang Century Huatong Automotive Part Co., Ltd).


Leadership Team

NamePositionTenureCompensationOwnership
Yi Wang
Vice Chairman & President12.5yrsCN¥1.00mno data
Guoliang Shang
Group Chief Financial Officer12.5yrsCN¥600.00kno data
De Yuan Xie
Deputy General Manager and Director12.5yrsno datano data
Jian Cai Pei
Deputy General Manager12.5yrsCN¥1.00mno data
Miao Xin Wang
Deputy General Manager12.5yrsCN¥1.00mno data
Wei Qiang Zhao
Deputy General Manager12.5yrsCN¥1.00mno data
Song Shou Chen
Deputy General Manager12.5yrsCN¥1.00mno data
Ji Wang
CEO & Non-Independent Directorno datano data5.35%
CN¥ 2.6b
Xiangdong Zhang
Chief Operating Officerno datano datano data
Heng Shao
VP & Group Directorno datano data5.07%
CN¥ 2.5b
Bingjie Li
Secretary of the Board1.17yrsno datano data

12.5yrs

Average Tenure

45yo

Average Age

Experienced Management: 002602's management team is seasoned and experienced (12.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yi Wang
Vice Chairman & President12.5yrsCN¥1.00mno data
De Yuan Xie
Deputy General Manager and Director12.5yrsno datano data
Ji Wang
CEO & Non-Independent Directorno datano data5.35%
CN¥ 2.6b
Heng Shao
VP & Group Directorno datano data5.07%
CN¥ 2.5b
Miao Wang
Group Chairman15.42yrsCN¥1.00m0.88%
CN¥ 432.8m
Qi Zhao
Non-Independent Directorno datano datano data
Jie Zhang
Independent Director7.83yrsCN¥46.70kno data
Feiyuan Liang
Independent Directorno datano datano data
Weidong Chen
Independent Directorno datano datano data
Weifeng Huang
Member of Supervisory Boardno datano datano data
Hui Hu
Chairman of the Supervisory Board12.5yrsCN¥600.00kno data
Zhefang Wang
Supervisory Board Chairmanno datano data0.0010%
CN¥ 513.3k

12.5yrs

Average Tenure

42.5yo

Average Age

Experienced Board: 002602's board of directors are seasoned and experienced ( 12.5 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 been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

Zhejiang Century Huatong Group Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Century Huatong Group Co.,Ltd
  • Ticker: 2602
  • Exchange: SZSE
  • Founded: 2005
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: CN¥49.353b
  • Shares outstanding: 7.36b
  • Website: https://www.sjhuatong.com

Number of Employees


Location

  • Zhejiang Century Huatong Group Co.,Ltd
  • No. 66, Yueai Road
  • Caoe Sub-district
  • Shaoxing
  • Zhejiang Province
  • 312300
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2602SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJul 2011
2602XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJul 2011

Biography

Zhejiang Century Huatong Group Co.,Ltd engages in the auto parts and Internet games business in China and internationally. The company manufactures and sells plastic parts and associated molds for vehicles...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 09:03
End of Day Share Price2021/03/04 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.