SHSE:600790

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Zhejiang China Light&Textile Industrial City GroupLtd

Executive Summary

Zhejiang China Light&Textile Industrial City Group Co.,Ltd engages in development, leasing, and management of business space and other commercial properties in China. More Details


Snowflake Analysis

Excellent balance sheet average dividend payer.

Share Price & News

How has Zhejiang China Light&Textile Industrial City GroupLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600790 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 600790's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-3.3%

600790

0.5%

CN Real Estate

-1.2%

CN Market


1 Year Return

-9.1%

600790

-10.1%

CN Real Estate

25.4%

CN Market

Return vs Industry: 600790 matched the CN Real Estate industry which returned -10.1% over the past year.

Return vs Market: 600790 underperformed the CN Market which returned 25.5% over the past year.


Shareholder returns

600790IndustryMarket
7 Day-3.3%0.5%-1.2%
30 Day-3.6%-3.6%4.3%
90 Day-2.7%-7.8%5.8%
1 Year-4.4%-9.1%-7.2%-10.1%27.5%25.4%
3 Year-16.3%-25.6%-24.5%-30.6%23.2%17.0%
5 Year-12.1%-24.3%-9.4%-18.9%39.0%29.5%

Long-Term Price Volatility Vs. Market

How volatile is Zhejiang China Light&Textile Industrial City 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 China Light&Textile Industrial City GroupLtd undervalued compared to its fair value and its price relative to the market?

12.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 600790 (CN¥3.19) is trading above our estimate of fair value (CN¥1.82)

Significantly Below Fair Value: 600790 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 600790 is good value based on its PE Ratio (12.3x) compared to the CN Real Estate industry average (14.5x).

PE vs Market: 600790 is good value based on its PE Ratio (12.3x) compared to the CN market (35x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600790's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600790 is good value based on its PB Ratio (0.8x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Zhejiang China Light&Textile Industrial City GroupLtd forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.4%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zhejiang China Light&Textile Industrial City GroupLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Zhejiang China Light&Textile Industrial City GroupLtd performed over the past 5 years?

5.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600790 has high quality earnings.

Growing Profit Margin: 600790's current net profit margins (43.6%) are lower than last year (46.7%).


Past Earnings Growth Analysis

Earnings Trend: 600790's earnings have grown by 5% per year over the past 5 years.

Accelerating Growth: 600790's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 600790 had negative earnings growth (-19.6%) over the past year, making it difficult to compare to the Real Estate industry average (-3.3%).


Return on Equity

High ROE: 600790's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Zhejiang China Light&Textile Industrial City GroupLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 600790's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥3.5B).

Long Term Liabilities: 600790's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥327.4M).


Debt to Equity History and Analysis

Debt Level: 600790 is debt free.

Reducing Debt: 600790 has no debt compared to 5 years ago when its debt to equity ratio was 5.7%.

Debt Coverage: 600790 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 600790 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Zhejiang China Light&Textile Industrial City GroupLtd current dividend yield, its reliability and sustainability?

5.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600790's dividend (5.64%) is higher than the bottom 25% of dividend payers in the CN market (0.4%).

High Dividend: 600790's dividend (5.64%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 600790's dividend payments have been volatile in the past 10 years.

Growing Dividend: 600790's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.1%), 600790's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

CN¥360k

CEO Compensation


CEO

Weiqiang Yu (45 yo)

no data

Tenure

CN¥360,000

Compensation

Mr. Yu Weiqiang serves as General Manager and Director at Zhejiang China Light&Textile Industrial City Group Co.,Ltd.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Zhejiang China Light&Textile Industrial City Group Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang China Light&Textile Industrial City Group Co.,Ltd
  • Ticker: 600790
  • Exchange: SHSE
  • Founded: 1993
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: CN¥4.676b
  • Shares outstanding: 1.47b
  • Website: https://www.qfcgroup.com

Number of Employees


Location

  • Zhejiang China Light&Textile Industrial City Group Co.,Ltd
  • No.1, Jianhu Road
  • Keqiao
  • Shaoxing
  • Zhejiang Province
  • 312030
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600790SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYJan 1997
600790XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYJan 1997

Biography

Zhejiang China Light&Textile Industrial City Group Co.,Ltd engages in development, leasing, and management of business space and other commercial properties in China. The company develops, operates, and ma...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 09:18
End of Day Share Price2021/01/15 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.