SHSE:600667

Stock Analysis Report

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Executive Summary

Wuxi Taiji Industry Company Ltd. primarily engages in semiconductor packaging assembly and test, chemical fibers, tire cord fabrics, and conveyor belt fabrics businesses in China and internationally. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Wuxi Taiji Industry's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 600667 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 600667's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

600667

4.8%

CN Semiconductor

2.9%

CN Market


1 Year Return

-3.4%

600667

47.0%

CN Semiconductor

31.8%

CN Market

Return vs Industry: 600667 underperformed the CN Semiconductor industry which returned 47% over the past year.

Return vs Market: 600667 underperformed the CN Market which returned 31.8% over the past year.


Shareholder returns

600667IndustryMarket
7 Day-0.9%4.8%2.9%
30 Day-2.3%10.6%7.2%
90 Day-13.8%29.2%11.5%
1 Year-2.2%-3.4%47.4%47.0%34.0%31.8%
3 Year15.9%10.9%145.7%135.6%23.1%17.0%
5 Year72.7%64.1%201.7%191.0%51.6%41.1%

Long-Term Price Volatility Vs. Market

How volatile is Wuxi Taiji Industry's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Wuxi Taiji Industry undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 600667 (CN¥9.27) is trading below our estimate of fair value (CN¥23.06)

Significantly Below Fair Value: 600667 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 600667 is good value based on its PE Ratio (27.1x) compared to the CN Semiconductor industry average (78.6x).

PE vs Market: 600667 is good value based on its PE Ratio (27.1x) compared to the CN market (35.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 600667's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 600667 is good value based on its PB Ratio (2.8x) compared to the CN Semiconductor industry average (6.8x).


Next Steps

Future Growth

How is Wuxi Taiji Industry forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.2%

Forecasted Semiconductors 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 Wuxi Taiji Industry 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 Wuxi Taiji Industry performed over the past 5 years?

31.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 600667 has high quality earnings.

Growing Profit Margin: 600667's current net profit margins (4%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: 600667's earnings have grown significantly by 31.3% per year over the past 5 years.

Accelerating Growth: 600667's earnings growth over the past year (4.9%) is below its 5-year average (31.3% per year).

Earnings vs Industry: 600667 earnings growth over the past year (4.9%) underperformed the Semiconductor industry 27.4%.


Return on Equity

High ROE: 600667's Return on Equity (10.3%) is considered low.


Next Steps

Financial Health

How is Wuxi Taiji Industry's financial position?


Financial Position Analysis

Short Term Liabilities: 600667's short term assets (CN¥12.3B) exceed its short term liabilities (CN¥11.4B).

Long Term Liabilities: 600667's short term assets (CN¥12.3B) exceed its long term liabilities (CN¥1.5B).


Debt to Equity History and Analysis

Debt Level: 600667's debt to equity ratio (67%) is considered high.

Reducing Debt: 600667's debt to equity ratio has reduced from 114.7% to 67% over the past 5 years.

Debt Coverage: 600667's debt is well covered by operating cash flow (41.7%).

Interest Coverage: 600667's interest payments on its debt are well covered by EBIT (11.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Wuxi Taiji Industry current dividend yield, its reliability and sustainability?

1.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 600667's dividend (1.6%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).

High Dividend: 600667's dividend (1.6%) is low compared to the top 25% of dividend payers in the CN market (1.81%).


Stability and Growth of Payments

Stable Dividend: 600667 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 600667's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (43.3%), 600667's dividend payments are well 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?

7.6yrs

Average management tenure


CEO

Hongwei Sun (53 yo)

4.42yrs

Tenure

CN¥661,000

Compensation

Mr. Sun Hongwei has been General Manager and Director of Wuxi Taiji Industry Company Ltd. since August 31, 2016. Mr. Sun served as General Manager of Wuxi Taiji Industry Company Ltd. since June 28, 2013 an...


Leadership Team

NamePositionTenureCompensationOwnership
Hongwei Sun
GM & Director4.42yrsCN¥661.00kno data
Yang Shao Bo
Chief Accountantno dataCN¥560.40kno data
Jia Yi Li
Secretary of the Boardno datano datano data
Xu Jun
Chief Engineer14.75yrsCN¥393.80kno data
Qiang Xin Bi
Deputy General Managerno dataCN¥440.60kno data
Dong Hua Jia
Deputy General Managerno dataCN¥463.60kno data
Xu Xin Yu
Chief Economistno dataCN¥499.20kno data
Yixin Hu
Secretary7.58yrsCN¥99.40kno data

7.6yrs

Average Tenure

53.5yo

Average Age

Experienced Management: 600667's management team is seasoned and experienced (7.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hongwei Sun
GM & Director4.42yrsCN¥661.00kno data
Geng Niu
Independent Director17.08yrsCN¥70.00kno data
Bing Chu
Directorno dataCN¥885.60kno data
Huang Shiqiang
Chairman of the Supervisory Board10.58yrsno datano data
Wanrong Hua
Directorno datano datano data
Shoulei Jiang
Independent Directorno dataCN¥90.00kno data
Zhen yuan Zhao
Vice-Chairman of the Board of Directorsno dataCN¥1.65m1.45%
CN¥ 283.6m
Xiao Teng Zhang
Chairman of the Board of Directorsno datano datano data
Hai Bo Wu
Directorno datano datano data
Tun Xu
Directorno datano datano data
Ru Ping Wan
Independent Directorno dataCN¥40.00kno data
Ya Dong Cong
Independent Directorno datano datano data

10.6yrs

Average Tenure

56yo

Average Age

Experienced Board: 600667's board of directors are seasoned and experienced ( 10.6 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

Wuxi Taiji Industry Company Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wuxi Taiji Industry Company Ltd.
  • Ticker: 600667
  • Exchange: SHSE
  • Founded: 1966
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CN¥19.524b
  • Shares outstanding: 2.11b
  • Website: https://www.wxtj.com

Number of Employees


Location

  • Wuxi Taiji Industry Company Ltd.
  • Yangtze River Delta Economic Development Zone
  • Wuxi
  • Jiangsu Province
  • 214024
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
600667SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYNov 1994
600667XSSC (Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect)YesDomestic SharesCNCNYNov 1994

Biography

Wuxi Taiji Industry Company Ltd. primarily engages in semiconductor packaging assembly and test, chemical fibers, tire cord fabrics, and conveyor belt fabrics businesses in China and internationally. The c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/23 09:21
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.