SZSE:002344

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Haining China Leather MarketLtd

Executive Summary

Haining China Leather Market Co.,Ltd operates professional leather market in China. More Details


Snowflake Analysis

Flawless balance sheet and slightly overvalued.

Share Price & News

How has Haining China Leather MarketLtd's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002344 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 002344's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

2344

-0.5%

CN Real Estate

2.9%

CN Market


1 Year Return

-9.8%

2344

-6.0%

CN Real Estate

31.8%

CN Market

Return vs Industry: 002344 underperformed the CN Real Estate industry which returned -6% over the past year.

Return vs Market: 002344 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

2344IndustryMarket
7 Day-1.3%-0.5%2.9%
30 Day-3.1%-1.6%7.2%
90 Day-11.5%-7.0%11.5%
1 Year-9.4%-9.8%-2.9%-6.0%34.0%31.8%
3 Yearn/a-26.6%-32.6%23.1%17.0%
5 Year-61.6%-63.1%-3.4%-13.8%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Haining China Leather MarketLtd's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Haining China Leather MarketLtd undervalued compared to its fair value and its price relative to the market?

23.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002344 (CN¥3.77) is trading above our estimate of fair value (CN¥0.4)

Significantly Below Fair Value: 002344 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002344 is poor value based on its PE Ratio (23.6x) compared to the CN Real Estate industry average (14.8x).

PE vs Market: 002344 is good value based on its PE Ratio (23.6x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: 002344 is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: 002344 is good value based on its PB Ratio (0.6x) compared to the CN Real Estate industry average (1.1x).


Next Steps

Future Growth

How is Haining China Leather MarketLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002344's forecast earnings growth (13.1% per year) is above the savings rate (3.3%).

Earnings vs Market: 002344's earnings (13.1% per year) are forecast to grow slower than the CN market (24.4% per year).

High Growth Earnings: 002344's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002344's revenue is expected to decline over the next 3 years (-0.4% per year).

High Growth Revenue: 002344's revenue is forecast to decline over the next 3 years (-0.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002344's Return on Equity is forecast to be low in 3 years time (3.4%).


Next Steps

Past Performance

How has Haining China Leather MarketLtd performed over the past 5 years?

-17.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002344 has high quality earnings.

Growing Profit Margin: 002344's current net profit margins (15%) are lower than last year (21.7%).


Past Earnings Growth Analysis

Earnings Trend: 002344's earnings have declined by 17.9% per year over the past 5 years.

Accelerating Growth: 002344's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002344 had negative earnings growth (-41.8%) over the past year, making it difficult to compare to the Real Estate industry average (-4.1%).


Return on Equity

High ROE: 002344's Return on Equity (2.6%) is considered low.


Next Steps

Financial Health

How is Haining China Leather MarketLtd's financial position?


Financial Position Analysis

Short Term Liabilities: 002344's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥2.4B).

Long Term Liabilities: 002344's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.1B).


Debt to Equity History and Analysis

Debt Level: 002344's debt to equity ratio (7.8%) is considered satisfactory.

Reducing Debt: 002344's debt to equity ratio has reduced from 25.4% to 7.8% over the past 5 years.

Debt Coverage: 002344's debt is well covered by operating cash flow (86.1%).

Interest Coverage: 002344 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Haining China Leather MarketLtd current dividend yield, its reliability and sustainability?

0.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002344's dividend (0.5%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 002344's dividend (0.5%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 002344's dividend payments have been volatile in the past 10 years.

Growing Dividend: 002344's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.9%), 002344's dividend payments are thoroughly 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?

6.7yrs

Average board tenure


CEO

Haining China Leather MarketLtd has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Zongrong Li
Secretary of The Board and Directorno dataCN¥150.00kno data
Youfa Ren
Chairmanno dataCN¥450.00kno data
Juanping Qian
Non-Independent Directorno dataCN¥360.00k0.29%
CN¥ 14.2m
Jin Song Ling
Supervisorno datano data0.27%
CN¥ 13.2m
Wei Qiang Zhang
Supervisorno dataCN¥280.70k0.087%
CN¥ 4.2m
Xiaohong Yin
Non-Independent Director6.67yrsCN¥360.00kno data
Yu Zhong Li
Independent Director6.67yrsCN¥33.40kno data
Wei Sun
Non-Independent Director6.67yrsno datano data
Qunyan Li
Non-Independent Director6.67yrsno datano data
Guofu Shen
Non-Independent Director6.67yrsno datano data
Yongsheng Yu
Independent Director6.67yrsCN¥33.40kno data
Xiaobin Weng
Independent Director6.67yrsCN¥33.40kno data

6.7yrs

Average Tenure

Experienced Board: 002344's board of directors are considered experienced (6.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Haining China Leather Market Co.,Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Haining China Leather Market Co.,Ltd
  • Ticker: 2344
  • Exchange: SZSE
  • Founded: 1994
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: CN¥4.806b
  • Shares outstanding: 1.27b
  • Website: https://www.zgpgc.com

Number of Employees


Location

  • Haining China Leather Market Co.,Ltd
  • No. 201 Haizhou West Road
  • Haining
  • Zhejiang Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2344SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYJan 2010
2344XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYJan 2010

Biography

Haining China Leather Market Co.,Ltd operates professional leather market in China. The company also operates an online mall that offers leather, fur, suede, luggage, and household items; and provides impo...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:24
End of Day Share Price2021/01/22 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.