Huagong Tech Future Growth

Future criteria checks 5/6

Huagong Tech is forecast to grow earnings and revenue by 24.5% and 21.8% per annum respectively. EPS is expected to grow by 24.6% per annum. Return on equity is forecast to be 14.2% in 3 years.

Key information

24.5%

Earnings growth rate

24.6%

EPS growth rate

Electronic earnings growth	26.9%
Revenue growth rate	21.8%
Future return on equity	14.2%
Analyst coverage	Good
Last updated	31 Jul 2024

Recent future growth updates

Huagong Tech Company Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Mar 30

Recent updates

Huagong Tech (SZSE:000988) Shareholders Will Want The ROCE Trajectory To Continue

Aug 05

Huagong Tech (SZSE:000988) Seems To Use Debt Quite Sensibly

Jun 28

Getting In Cheap On Huagong Tech Company Limited (SZSE:000988) Might Be Difficult

Jun 10

Is Huagong Tech Company Limited (SZSE:000988) Expensive For A Reason? A Look At Its Intrinsic Value

May 24

Huagong Tech (SZSE:000988) Is Doing The Right Things To Multiply Its Share Price

Apr 25

Huagong Tech's (SZSE:000988) Solid Earnings May Rest On Weak Foundations

Apr 03

Analysts Have Just Cut Their Huagong Tech Company Limited (SZSE:000988) Revenue Estimates By 11%

Apr 01

Huagong Tech Company Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Mar 30

Huagong Tech Company Limited (SZSE:000988) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Mar 01

Huagong Tech (SZSE:000988) Seems To Use Debt Rather Sparingly

Feb 29

Earnings and Revenue Growth Forecasts

SZSE:000988 - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	17,714	1,961	N/A	1,116	5
12/31/2025	16,051	1,663	N/A	1,176	8
12/31/2024	12,555	1,273	N/A	1,000	6
3/31/2024	9,714	989	690	1,141	N/A
12/31/2023	10,208	1,007	1,087	1,478	N/A
9/30/2023	10,368	996	1,084	1,417	N/A
6/30/2023	10,817	924	802	1,160	N/A
3/31/2023	11,818	988	630	943	N/A
1/1/2023	12,011	906	284	579	N/A
9/30/2022	11,649	682	-141	169	N/A
6/30/2022	11,746	975	-233	59	N/A
3/31/2022	11,236	873	-184	159	N/A
1/1/2022	10,167	761	-272	86	N/A
9/30/2021	8,996	865	-66	320	N/A
6/30/2021	8,032	558	145	448	N/A
3/31/2021	7,167	676	-33	246	N/A
12/31/2020	6,138	550	139	375	N/A
9/30/2020	6,092	527	-80	211	N/A
6/30/2020	5,650	513	-85	241	N/A
3/31/2020	5,068	391	92	431	N/A
12/31/2019	5,460	503	35	413	N/A
9/30/2019	5,083	490	-4	295	N/A
6/30/2019	5,046	434	6	250	N/A
3/31/2019	5,120	323	85	332	N/A
12/31/2018	5,233	284	-201	47	N/A
9/30/2018	5,215	326	-150	67	N/A
6/30/2018	5,191	329	-119	72	N/A
3/31/2018	4,818	330	-85	70	N/A
12/31/2017	4,481	324	N/A	99	N/A
9/30/2017	4,156	317	N/A	112	N/A
6/30/2017	3,701	289	N/A	-26	N/A
3/31/2017	3,471	240	N/A	-5	N/A
12/31/2016	3,314	230	N/A	295	N/A
9/30/2016	3,156	209	N/A	254	N/A
6/30/2016	3,003	179	N/A	318	N/A
3/31/2016	2,806	167	N/A	314	N/A
12/31/2015	2,620	151	N/A	203	N/A
9/30/2015	2,500	130	N/A	153	N/A
6/30/2015	2,489	202	N/A	131	N/A
3/31/2015	2,420	177	N/A	121	N/A
12/31/2014	2,353	168	N/A	179	N/A
9/30/2014	2,282	108	N/A	189	N/A
6/30/2014	2,049	85	N/A	138	N/A
3/31/2014	1,903	63	N/A	-4	N/A
12/31/2013	1,777	53	N/A	88	N/A
9/30/2013	1,699	97	N/A	-34	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000988's forecast earnings growth (24.5% per year) is above the savings rate (2.9%).

Earnings vs Market: 000988's earnings (24.5% per year) are forecast to grow faster than the CN market (22.2% per year).

High Growth Earnings: 000988's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 000988's revenue (21.8% per year) is forecast to grow faster than the CN market (13.6% per year).

High Growth Revenue: 000988's revenue (21.8% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 000988's Return on Equity is forecast to be low in 3 years time (14.2%).

Huagong Tech Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 11%

Huagong Tech Company Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Consensus revenue estimates fall by 24%

Consensus revenue estimates fall by 11%

Price target increased by 8.8% to CN¥28.19

Consensus EPS estimates fall by 11%

Recent updates

Huagong Tech (SZSE:000988) Shareholders Will Want The ROCE Trajectory To Continue

Now 25% overvalued

Huagong Tech Company Limited to Report First Half, 2024 Results on Aug 16, 2024

Huagong Tech (SZSE:000988) Seems To Use Debt Quite Sensibly

Now 24% overvalued

Getting In Cheap On Huagong Tech Company Limited (SZSE:000988) Might Be Difficult

Huagong Tech Company Limited Implements 2023 Final Profit Distribution for A Shares, Payable on 12 June 2024

Is Huagong Tech Company Limited (SZSE:000988) Expensive For A Reason? A Look At Its Intrinsic Value

New minor risk - Earnings quality

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Huagong Tech (SZSE:000988) Is Doing The Right Things To Multiply Its Share Price

Huagong Tech's (SZSE:000988) Solid Earnings May Rest On Weak Foundations

Consensus revenue estimates fall by 11%

Analysts Have Just Cut Their Huagong Tech Company Limited (SZSE:000988) Revenue Estimates By 11%

Huagong Tech Company Limited to Report Q1, 2024 Results on Apr 26, 2024

Huagong Tech Company Limited Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Huagong Tech Company Limited, Annual General Meeting, Apr 18, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Huagong Tech Company Limited (SZSE:000988) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Huagong Tech (SZSE:000988) Seems To Use Debt Rather Sparingly

Investor sentiment improves as stock rises 16%

Huagong Tech Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

Consensus revenue estimates fall by 24%

New minor risk - Earnings quality

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Investor sentiment deteriorates as stock falls 15%

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Now 28% undervalued

Investor sentiment deteriorates as stock falls 15%

Huagong Tech Company Limited to Report First Half, 2023 Results on Aug 21, 2023

Investor sentiment improves as stock rises 21%

Investor sentiment improves as stock rises 16%

Huagong Tech Company Limited Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 16 May 2023

Investor sentiment improves as stock rises 18%

First quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.22 in 1Q 2022)

Investor sentiment improves as stock rises 15%

Consensus revenue estimates fall by 11%

Price target increased by 8.8% to CN¥28.19

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

High number of new and inexperienced directors

Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.45 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.24 in 2Q 2021)

Investor sentiment improved over the past week

Huagong Tech Company Limited Announces Final Dividend on A Shares for the Year 2021, Payable on June 16, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new and inexperienced directors

Huagong Tech Company Limited Approves Cash Dividend

Huagong Tech Company Limited, Annual General Meeting, Apr 21, 2022

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Huagong Tech Company Limited Announces Final Cash Dividend Proposal for 2021

Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.14 in 3Q 2020)

Investor sentiment improved over the past week

Price target increased to CN¥30.68

Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.42 in 2Q 2020)

Huagong Tech Company Limited Announces Dividend for the Year 2020

Full year 2020 earnings released: EPS CN¥0.55 (vs CN¥0.50 in FY 2019)

New 90-day low: CN¥20.89

Price target raised to CN¥28.57

Huagong Tech Company Limited to Report Fiscal Year 2020 Results on Apr 09, 2021

New 90-day low: CN¥22.36

New 90-day high: CN¥25.84

Third quarter earnings released

New 90-day high: CN¥25.28

First half earnings released

Earnings released

Huagong Tech Company Limited to Report First Half, 2020 Results on Aug 26, 2020