Board Change • Jun 12
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Vice Chairman Xiaoqiang Sun is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 25
First quarter 2026 earnings released: CN¥0.16 loss per share (vs CN¥0.025 profit in 1Q 2025) First quarter 2026 results: CN¥0.16 loss per share (down from CN¥0.025 profit in 1Q 2025). Revenue: CN¥615.6m (up 21% from 1Q 2025). Net loss: CN¥36.5m (down CN¥42.3m from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 03
Hitevision Co., Ltd. (SZSE:002955) announces an Equity Buyback for CNY 100 million worth of its shares. Hitevision Co., Ltd. (SZSE:002955) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 40 per share. The repurchases will be made from company's own funds. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months. Announcement • Mar 31
Hitevision Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Hitevision Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Mar 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.94 in FY 2024) Full year 2025 results: EPS: CN¥0.22 (down from CN¥0.94 in FY 2024). Revenue: CN¥3.24b (down 8.1% from FY 2024). Net income: CN¥51.8m (down 77% from FY 2024). Profit margin: 1.6% (down from 6.3% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 17
Hitevision Co., Ltd., Annual General Meeting, Apr 08, 2026 Hitevision Co., Ltd., Annual General Meeting, Apr 08, 2026, at 14:00 China Standard Time. Location: 5F, Building 11, Qinghua Road, Science Park, Shushan District, Hefei, Anhui China Announcement • Dec 31
Hitevision Co., Ltd. to Report Fiscal Year 2025 Results on Mar 18, 2026 Hitevision Co., Ltd. announced that they will report fiscal year 2025 results on Mar 18, 2026 Announcement • Dec 03
Anhui Ruicheng Hongtu Equity Investment Fund Partnership Enterprise (Limited Partnership) and Hefei Ruicheng Private Fund Management Co., Ltd. completed the acquisition of 25% stake in Hitevision Co., Ltd. (SZSE : 002955) from Hongfu Victory Company Limited, Xing Zheng, Wang Jing and Zhang Shujiang. Anhui Ruicheng Hongtu Equity Investment Fund Partnership Enterprise (Limited Partnership) and Hefei Ruicheng Private Fund Management Co., Ltd. agreed to acquire 25% stake in Hitevision Co., Ltd. (SZSE : 002955) from Hongfu Victory Company Limited, Xing Zheng, Wang Jing and Zhang Shujiang for CNY 1.6 billion on June 10, 2025. A cash consideration of CNY 1.57 billion valued at CNY 26.6227 per share will be paid for 59.16 million shares of Hitevision Co., Ltd. On October 31, 2025, a supplementary agreement to the share transfer agreement was signed, which added Anhui Ruicheng Hongtu Equity Investment Fund Partnership Enterprise (Limited Partnership) as an additional acquirer.
Anhui Ruicheng Hongtu Equity Investment Fund Partnership Enterprise (Limited Partnership) and Hefei Ruicheng Private Fund Management Co., Ltd. completed the acquisition of 25% stake in Hitevision Co., Ltd. (SZSE : 002955) from Hongfu Victory Company Limited, Xing Zheng, Wang Jing and Zhang Shujiang on December 1, 2025. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.40 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.16 (down from CN¥0.40 in 3Q 2024). Revenue: CN¥1.06b (down 11% from 3Q 2024). Net income: CN¥37.6m (down 61% from 3Q 2024). Profit margin: 3.6% (down from 8.0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Hitevision Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hitevision Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Reported Earnings • Aug 27
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥890.1m (down 13% from 2Q 2024). Net income: CN¥38.8m (down 69% from 2Q 2024). Profit margin: 4.4% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jul 02
Hitevision Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Hitevision Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.11 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.01 (down from CN¥0.11 in 1Q 2024). Revenue: CN¥510.1m (down 7.4% from 1Q 2024). Net income: CN¥5.85m (down 77% from 1Q 2024). Profit margin: 1.1% (down from 4.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 26
Hitevision Co., Ltd., Annual General Meeting, May 19, 2025 Hitevision Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.77, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 27% over the past three years. Announcement • Mar 31
Hitevision Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Hitevision Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 23
Hitevision Co., Ltd. Announces Implementation of Special Profit Distribution (A Shares) for 2024, Payable on 31 March 2025 Hitevision Co., Ltd. announced 2024 special profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 12.81000000. Record date: 28 March 2025; Ex-date: 31 March 2025; Payment date: 31 March 2025. Announcement • Dec 31
Hitevision Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Hitevision Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.67 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.67 in 3Q 2023). Revenue: CN¥1.19b (down 18% from 3Q 2023). Net income: CN¥95.6m (down 39% from 3Q 2023). Profit margin: 8.0% (down from 11% in 3Q 2023). Revenue is forecast to grow 18% 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 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years. Announcement • Sep 30
Hitevision Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Hitevision Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Short dividend paying track record (1 year of continuous dividend payments). Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.50 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.50 in 2Q 2023). Revenue: CN¥1.02b (up 5.6% from 2Q 2023). Net income: CN¥124.3m (up 3.7% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 23% 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 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥22.59, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 42% over the past three years. Declared Dividend • Jun 29
Dividend reduced to CN¥0.42 Dividend of CN¥0.42 is 67% lower than last year. Ex-date: 5th July 2024 Payment date: 5th July 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (18% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 130% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Hitevision Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Hitevision Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 28
Hitevision Co., Ltd. Announces Final Cash Dividend (A Shares) for the Year 2023, Payable on July 5, 2024 Hitevision Co., Ltd. announced Final Cash Dividend (tax included) (A shares) of CNY 4.25000000 per 10 shares for the year 2023, Payable on July 5, 2024. Record date is July 4, 2024. Ex-Date is July 5, 2024. Announcement • Jun 20
Hitevision Co., Ltd. (SZSE:002955) announces an Equity Buyback for CNY 100 million worth of its shares. Hitevision Co., Ltd. (SZSE:002955) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 35 per share. The repurchases will be made from company's own funds. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.91 per share. Buy Or Sell Opportunity • May 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.3% to CN¥26.35. The fair value is estimated to be CN¥21.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 62% in a year. Earnings are forecast to grow by 96% in the next year. Announcement • Apr 28
Hitevision Co., Ltd., Annual General Meeting, May 20, 2024 Hitevision Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Agenda: To consider the 2023 annual report and its summary; to 2023 work report of the board of directors; to 2023 work report of the supervisory committee; to 2023 profit distribution plan; to Cash management with some idle raised funds and idle proprietary funds; to 2023 annual accounts report; to 2024 remuneration allowance plan for directors, supervisors and senior management; to Provision of estimated guarantee quota for subsidiaries; to Provision of buyer's credit guarantee for clients; and to consider other matters if any. Announcement • Apr 27
Hitevision Co., Ltd. Proposes Final Cash Dividend (Tax Included) for 2023 Hitevision Co., Ltd. proposed final cash dividend (tax included) for 2023 of CNY 4.25000000 per 10 shares. Reported Earnings • Apr 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.38 (down from CN¥1.69 in FY 2022). Revenue: CN¥3.93b (down 14% from FY 2022). Net income: CN¥322.6m (down 19% from FY 2022). Profit margin: 8.2% (down from 8.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 30% p.a. on average during the next 2 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 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to CN¥22.04. The fair value is estimated to be CN¥27.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Announcement • Mar 30
Hitevision Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Hitevision Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Feb 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥20.15. The fair value is estimated to be CN¥26.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 131% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥22.07, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.03 per share. Announcement • Dec 29
Hitevision Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Hitevision Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥32.09, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.79 per share. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.67 (vs CN¥1.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.67 (down from CN¥1.13 in 3Q 2022). Revenue: CN¥1.45b (down 4.2% from 3Q 2022). Net income: CN¥157.1m (down 40% from 3Q 2022). Profit margin: 11% (down from 17% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 25% 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 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Sep 28
Hitevision Co., Ltd. Announces Board Appointments Hitevision Co., Ltd. held its 3rd Extraordinary General Meeting of 2023 on 26 September 2023, during which the following proposals were approved: Election of non-independent directors: Long Xudong and KEJIAN WANG; Election of independent directors: Lan Jia, Ma Zhe, and Yang Yiping. Board Change • Sep 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Employee Supervisor Ting Tang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥23.51, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.48 per share. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.50 (up from CN¥0.34 in 2Q 2022). Revenue: CN¥967.7m (down 22% from 2Q 2022). Net income: CN¥119.9m (up 48% from 2Q 2022). Profit margin: 12% (up from 6.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 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 48% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Hitevision Co., Ltd. Announces Final Profit Distribution for 2022, Payable on 06 July 2023 Hitevision Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included): CNY 12.82000000. Record date: 05 July 2023, Ex-date: 06 July 2023, Payment date: 06 July 2023. Announcement • May 23
Hitevision Co., Ltd. Approves Cash Dividend for the Year 2022 Hitevision Co., Ltd. at its Annual General Meeting of 2022 on 19 May 2023, approved cash dividend per 10 shares (tax included) of CNY 12.82000000 for the year 2022. Announcement • May 06
Hitevision Co., Ltd., Annual General Meeting, May 19, 2023 Hitevision Co., Ltd., Annual General Meeting, May 19, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2023 remuneration (allowance) plan for directors, supervisors and senior management; to consider 2023 application for estimated comprehensive credit line to banks by the Company and subsidiaries; to consider cash management with some idle raised funds and idle proprietary funds; to consider guarantee for subsidiaries; to consider provision of buyer's credit guarantee for clients by the Company and subsidiaries; and to consider change of the Company and subsidiaries' domicile and amendments to the Company's articles of association. Announcement • May 05
Hitevision Co., Ltd. Proposes Final Dividend for the Year 2022 Hitevision Co., Ltd. proposed cash dividend/10 shares (tax included) of CNY 12.82000000 for the year 2022. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.18 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.18 in 1Q 2022). Revenue: CN¥653.0m (down 28% from 1Q 2022). Net income: CN¥22.9m (down 45% from 1Q 2022). Profit margin: 3.5% (down from 4.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 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 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥36.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥31.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 27% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥1.13 (vs CN¥0.49 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.13 (up from CN¥0.49 in 3Q 2021). Revenue: CN¥1.51b (down 28% from 3Q 2021). Net income: CN¥261.7m (up 132% from 3Q 2021). Profit margin: 17% (up from 5.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% 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 fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥22.82, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 33% over the past three years. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.078 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.078 in 2Q 2021). Revenue: CN¥1.23b (down 7.2% from 2Q 2021). Net income: CN¥80.8m (up 318% from 2Q 2021). Profit margin: 6.5% (up from 1.5% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 17%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥26.14, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 30% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.18 (up from CN¥0.03 in 1Q 2021). Revenue: CN¥905.6m (up 14% from 1Q 2021). Net income: CN¥41.4m (up CN¥34.5m from 1Q 2021). Profit margin: 4.6% (up from 0.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 13%. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM, Board Secretary & Non-Independent Director Xiaoqiang Sun was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.85, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.12, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 42x in the Electronic industry in China. Total loss to shareholders of 11% over the past year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.38 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.10b (up 43% from 3Q 2020). Net income: CN¥112.9m (up 25% from 3Q 2020). Profit margin: 5.4% (down from 6.1% in 3Q 2020). Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.064 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.33b (up 58% from 2Q 2020). Net income: CN¥19.3m (up 28% from 2Q 2020). Profit margin: 1.5% (down from 1.8% in 2Q 2020). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.21 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥796.4m (up 162% from 1Q 2020). Net income: CN¥6.84m (up CN¥54.7m from 1Q 2020). Profit margin: 0.9% (up from net loss in 1Q 2020). Reported Earnings • Apr 08
Full year 2020 earnings released: EPS CN¥0.35 (vs CN¥1.51 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.99b (down 17% from FY 2019). Net income: CN¥81.7m (down 74% from FY 2019). Profit margin: 2.0% (down from 6.5% in FY 2019). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.12, the stock trades at a trailing P/E ratio of 41.4x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 49% over the past year. Announcement • Feb 24
Hitevision Co., Ltd. to Report Fiscal Year 2020 Results on Apr 08, 2021 Hitevision Co., Ltd. announced that they will report fiscal year 2020 results on Apr 08, 2021 Is New 90 Day High Low • Feb 01
New 90-day low: CN¥19.93 The company is down 22% from its price of CN¥25.64 on 03 November 2020. The Chinese market is up 7.0% 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 • Jan 13
New 90-day low: CN¥20.08 The company is down 26% from its price of CN¥27.15 on 15 October 2020. The Chinese market is up 6.0% 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. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥21.03 The company is down 21% from its price of CN¥26.54 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥24.81 The company is down 11% from its price of CN¥27.76 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥26.26 The company is down 9.0% from its price of CN¥29.01 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥126.7m, down 56% from the prior year. Total revenue was CN¥3.92b over the last 12 months, down 14% from the prior year. Announcement • Sep 29
Hitevision Co., Ltd. Announces Board Appointments Hitevision Co., Ltd. held its second Extraordinary General Meeting of 2020 on 25 September 2020, approved the election of Zhu Hailong as non-independent director, elected Liu Dongjin, Li Xiaowei and Yu Changjiang as independent directors and elected Zhao Hongchan as non-employee supervisors. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥26.63 The company is down 12% from its price of CN¥30.40 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 18
Hitevision Co., Ltd. to Report First Half, 2020 Results on Aug 11, 2020 Hitevision Co., Ltd. announced that they will report first half, 2020 results on Aug 11, 2020