New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 20% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Profit margins are more than 30% lower than last year (13% net profit margin). Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥5.59b to CN¥5.52b. EPS estimate also fell from CN¥2.46 per share to CN¥2.05 per share. Net income forecast to grow 37% next year vs 44% growth forecast for Electronic industry in China. Consensus price target of CN¥36.00 unchanged from last update. Share price fell 12% to CN¥30.15 over the past week. Reported Earnings • Apr 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.51 (down from CN¥2.06 in FY 2024). Revenue: CN¥4.77b (up 1.1% from FY 2024). Net income: CN¥729.1m (down 27% from FY 2024). Profit margin: 15% (down from 21% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 21
Hexing Electrical Co.,Ltd., Annual General Meeting, May 29, 2026 Hexing Electrical Co.,Ltd., Annual General Meeting, May 29, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Buy Or Sell Opportunity • Apr 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥34.56. The fair value is estimated to be CN¥44.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Announcement • Mar 30
Hexing Electrical Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Hexing Electrical Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Mar 19
Now 21% undervalued Over the last 90 days, the stock has risen 8.5% to CN¥35.91. The fair value is estimated to be CN¥45.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Announcement • Dec 26
Hexing Electrical Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Hexing Electrical Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Buy Or Sell Opportunity • Nov 20
Now 21% undervalued Over the last 90 days, the stock has risen 22% to CN¥34.50. The fair value is estimated to be CN¥43.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥35.59, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.26 per share. Buy Or Sell Opportunity • Oct 30
Now 21% undervalued Over the last 90 days, the stock has risen 26% to CN¥33.85. The fair value is estimated to be CN¥43.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.69 (vs CN¥0.53 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.69 (up from CN¥0.53 in 3Q 2024). Revenue: CN¥1.44b (up 25% from 3Q 2024). Net income: CN¥336.3m (up 30% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Hexing Electrical Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Hexing Electrical Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.53 (vs CN¥0.66 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.53 (down from CN¥0.66 in 2Q 2024). Revenue: CN¥1.14b (down 16% from 2Q 2024). Net income: CN¥255.0m (down 20% from 2Q 2024). Profit margin: 22% (down from 24% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year. Announcement • Aug 02
Zhou Junhe completed the acquisition of 5% stake in Hexing Electrical Co.,Ltd. (SHSE:603556) from Zhejiang Haixing Holding Group Co., Ltd. Zhou Junhe agreed to acquire 5% stake in Hexing Electrical Co.,Ltd. (SHSE:603556) from Zhejiang Haixing Holding Group Co., Ltd. for approximately CNY 580 million on May 5, 2025. A cash consideration of CNY 578.65 million valued at CNY 23.8 per share will be paid by the buyer. As part of consideration, CNY 578.65 million is paid towards common equity of Hexing Electrical Co.,Ltd. The transaction will be financed through equity investment of CNY 578.65 million.
Zhou Junhe completed the acquisition of 5% stake in Hexing Electrical Co.,Ltd. (SHSE:603556) from Zhejiang Haixing Holding Group Co., Ltd. on August 1, 2025. Announcement • Jun 30
Hexing Electrical Co.,Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Hexing Electrical Co.,Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Declared Dividend • Jun 23
Dividend reduced to CN¥0.70 Dividend of CN¥0.70 is 36% lower than last year. Ex-date: 24th June 2025 Payment date: 24th June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 17% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 27
Hexing Electrical Co.,Ltd. (SHSE:603556) announces an Equity Buyback for CNY 200 million worth of its shares. Hexing Electrical Co.,Ltd. (SHSE:603556) announces a share repurchase program. Under the program, the company will repurchase o more than CNY 200 million worth of its Class A shares at a repurchase price of not more than CNY 35 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The program will be funded from the company's own funds. The program will be valid for a period of 12 months till May 25, 2026. Major Estimate Revision • Apr 28
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥6.13b to CN¥5.33b. EPS estimate fell from CN¥2.90 to CN¥2.42 per share. Net income forecast to grow 18% next year vs 49% growth forecast for Electronic industry in China. Consensus price target down from CN¥48.55 to CN¥43.05. Share price fell 12% to CN¥28.79 over the past week. Price Target Changed • Apr 27
Price target decreased by 11% to CN¥43.05 Down from CN¥48.55, the current price target is an average from 4 analysts. New target price is 49% above last closing price of CN¥28.86. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.06 last year. Reported Earnings • Apr 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥2.06 (up from CN¥2.02 in FY 2023). Revenue: CN¥4.72b (up 12% from FY 2023). Net income: CN¥1.00b (up 2.0% from FY 2023). Profit margin: 21% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Hexing Electrical Co.,Ltd., Annual General Meeting, May 15, 2025 Hexing Electrical Co.,Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 28
Hexing Electrical Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Hexing Electrical Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Hexing Electrical Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Hexing Electrical Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Buy Or Sell Opportunity • Dec 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥38.19. The fair value is estimated to be CN¥47.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Buy Or Sell Opportunity • Nov 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥38.38. The fair value is estimated to be CN¥48.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Buy Or Sell Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to CN¥38.36. The fair value is estimated to be CN¥48.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.53 (vs CN¥0.48 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.53 (up from CN¥0.48 in 3Q 2023). Revenue: CN¥1.15b (up 16% from 3Q 2023). Net income: CN¥258.3m (up 12% from 3Q 2023). Profit margin: 22% (in line with 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Hexing Electrical Co.,Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Hexing Electrical Co.,Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Buy Or Sell Opportunity • Jul 01
Now 8.3% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥45.40. The fair value is estimated to be CN¥41.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Announcement • Jun 28
Hexing Electrical Co.,Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Hexing Electrical Co.,Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Buy Or Sell Opportunity • Jun 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to CN¥49.40. The fair value is estimated to be CN¥41.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥53.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 376% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.30 per share. Buy Or Sell Opportunity • May 13
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 65% to CN¥52.68. The fair value is estimated to be CN¥41.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Price Target Changed • Apr 30
Price target increased by 18% to CN¥47.80 Up from CN¥40.57, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥45.68. Stock is up 111% over the past year. The company is forecast to post earnings per share of CN¥2.37 for next year compared to CN¥2.02 last year. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥2.02 (up from CN¥1.36 in FY 2022). Revenue: CN¥4.20b (up 27% from FY 2022). Net income: CN¥982.5m (up 48% from FY 2022). Profit margin: 23% (up from 20% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 17
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥4.86b to CN¥5.19b. EPS estimate increased from CN¥2.08 to CN¥2.31 per share. Net income forecast to grow 22% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥34.38 to CN¥40.57. Share price rose 33% to CN¥49.29 over the past week. Announcement • Apr 16
Hexing Electrical Co.,Ltd., Annual General Meeting, May 10, 2024 Hexing Electrical Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥45.85, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 288% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.26 per share. Announcement • Mar 29
Hexing Electrical Co.,Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Hexing Electrical Co.,Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Buy Or Sell Opportunity • Mar 21
Now 22% undervalued Over the last 90 days, the stock has risen 27% to CN¥35.62. The fair value is estimated to be CN¥45.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥37.90, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.37 per share. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued Over the last 90 days, the stock has risen 20% to CN¥31.60. The fair value is estimated to be CN¥40.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buy Or Sell Opportunity • Jan 19
Now 22% undervalued Over the last 90 days, the stock has risen 43% to CN¥32.06. The fair value is estimated to be CN¥41.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Announcement • Dec 29
Hexing Electrical Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Hexing Electrical Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.36 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.48 (up from CN¥0.36 in 3Q 2022). Revenue: CN¥994.3m (up 22% from 3Q 2022). Net income: CN¥231.7m (up 33% from 3Q 2022). Profit margin: 23% (up from 21% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Hexing Electrical Co.,Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Hexing Electrical Co.,Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.54 (vs CN¥0.31 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.54 (up from CN¥0.31 in 2Q 2022). Revenue: CN¥1.09b (up 20% from 2Q 2022). Net income: CN¥261.1m (up 69% from 2Q 2022). Profit margin: 24% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Buying Opportunity • Jul 06
Now 21% undervalued Over the last 90 days, the stock is up 9.4%. The fair value is estimated to be CN¥31.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 24% in a year. Earnings is forecast to grow by 18% in the next year. Announcement • Jun 28
Hexing Electrical Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Hexing Electrical Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Buying Opportunity • Jun 19
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be CN¥31.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 24% in a year. Earnings is forecast to grow by 18% in the next year. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.83, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Reported Earnings • Apr 22
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥1.36 (up from CN¥0.64 in FY 2021). Revenue: CN¥3.31b (up 23% from FY 2021). Net income: CN¥664.3m (up 112% from FY 2021). Profit margin: 20% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 8.8%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥21.91, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 53% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥20.00, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 39% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.045 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.045 in 3Q 2021). Revenue: CN¥817.8m (up 18% from 3Q 2021). Net income: CN¥174.6m (up CN¥151.7m from 3Q 2021). Profit margin: 21% (up from 3.3% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.23 in 2Q 2021). Revenue: CN¥901.4m (up 42% from 2Q 2021). Net income: CN¥154.7m (up 41% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥17.43, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 41% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥13.78, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 29x in the Electronic industry in China. Total returns to shareholders of 9.1% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.29 (up from CN¥0.09 in 1Q 2021). Revenue: CN¥667.5m (up 46% from 1Q 2021). Net income: CN¥140.3m (up 212% from 1Q 2021). Profit margin: 21% (up from 9.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 22%. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.38 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥634.9m (down 23% from 2Q 2020). Net income: CN¥109.8m (down 39% from 2Q 2020). Profit margin: 17% (down from 22% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥13.20, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 11% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.12 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥458.0m (up 1.4% from 1Q 2020). Net income: CN¥45.0m (down 26% from 1Q 2020). Profit margin: 9.8% (down from 13% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS CN¥0.98 (vs CN¥1.02 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.81b (down 5.0% from FY 2019). Net income: CN¥481.2m (down 3.9% from FY 2019). Profit margin: 17% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥12.07 The company is down 20% from its price of CN¥15.09 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥13.20 The company is down 8.0% from its price of CN¥14.40 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥13.84 The company is down 6.0% from its price of CN¥14.70 on 23 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 Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥15.54 The company is up 6.0% from its price of CN¥14.71 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥519.3m, up 23% from the prior year. Total revenue was CN¥2.95b over the last 12 months, up 8.9% from the prior year. Announcement • Oct 28
Hexing Electrical Co.,Ltd to Report Q3, 2020 Results on Oct 30, 2020 Hexing Electrical Co.,Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥14.11 The company is down 2.0% from its price of CN¥14.44 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Announcement • Jul 17
Hexing Electrical Co.,Ltd to Report First Half, 2020 Results on Aug 28, 2020 Hexing Electrical Co.,Ltd announced that they will report first half, 2020 results on Aug 28, 2020