Announcement • Jun 30
Shenzhen Huakong Seg Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Shenzhen Huakong Seg Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 New Risk • Jun 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 70% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Zhihong Zan was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Mar 31
Shenzhen Huakong Seg Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Huakong Seg Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Mar 25
Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, Apr 16, 2026 Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, Apr 16, 2026, at 14:50 China Standard Time. Location: 29F, Taiping Finance Building, Yitian Road, Futian District, Shenzhen, Guangdong China Announcement • Dec 31
Shenzhen Huakong Seg Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Shenzhen Huakong Seg Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Announcement • Sep 30
Shenzhen Huakong Seg Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shenzhen Huakong Seg Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
Shenzhen Huakong Seg Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shenzhen Huakong Seg Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Mar 31
Shenzhen Huakong Seg Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen Huakong Seg Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Mar 17
Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, Apr 08, 2025 Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, Apr 08, 2025, at 14:50 China Standard Time. Location: 29F, Taiping Finance Building, Yitian Road, Futian District, Shenzhen, Guangdong China Announcement • Dec 31
Shenzhen Huakong Seg Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Shenzhen Huakong Seg Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.019 loss per share (vs CN¥0.042 loss in 3Q 2023) Third quarter 2024 results: CN¥0.019 loss per share (improved from CN¥0.042 loss in 3Q 2023). Revenue: CN¥295.1m (up 4.4% from 3Q 2023). Net loss: CN¥19.5m (loss narrowed 54% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥3.83, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 33% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥3.83, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Oct 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to CN¥3.48. The fair value is estimated to be CN¥2.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥3.66, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 22% over the past three years. Buy Or Sell Opportunity • Sep 30
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥3.66. The fair value is estimated to be CN¥2.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Sep 30
Shenzhen Huakong Seg Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Huakong Seg Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.45 profit in 2Q 2023) Second quarter 2024 results: CN¥0.032 loss per share (down from CN¥0.45 profit in 2Q 2023). Revenue: CN¥79.2m (down 64% from 2Q 2023). Net loss: CN¥32.0m (down 107% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Aug 24
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 7.0% 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 High level of debt (90% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Announcement • Jun 29
Shenzhen Huakong Seg Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shenzhen Huakong Seg Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥3.25, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. Announcement • Mar 30
Shenzhen Huakong Seg Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Shenzhen Huakong Seg Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 28
Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, Apr 17, 2024 Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, Apr 17, 2024, at 14:50 China Standard Time. Location: 29F, Taiping Finance Building, Yitian Road, Futian District, Shenzhen, Guangdong China Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.65 (vs CN¥0.22 loss in FY 2022) Full year 2023 results: EPS: CN¥0.65 (up from CN¥0.22 loss in FY 2022). Revenue: CN¥921.2m (down 17% from FY 2022). Net income: CN¥653.9m (up CN¥871.5m from FY 2022). Profit margin: 71% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥3.96, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥3.27, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 30x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥3.27, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 30x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. New Risk • Jan 22
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 6.0% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥4.55, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 64% over the past three years. Board Change • Jan 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-Independent Director Hongjie Chai is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 30
Shenzhen Huakong Seg Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Shenzhen Huakong Seg Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Announcement • Dec 14
Shenzhen Huakong Seg Co., Ltd. Announces Executive Appointments Shenzhen Huakong Seg Co., Ltd. announced that at the Extraordinary General Meeting of 2023 held on 11 December 2023, elected Wei Bingzhang, Zhou Yang and Zhang Hongjie as non-independent directors, elected Cao Li as independent director and elected Chen Ting as non-employee supervisor. Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.042 loss per share (vs CN¥0.014 loss in 3Q 2022) Third quarter 2023 results: CN¥0.042 loss per share (further deteriorated from CN¥0.014 loss in 3Q 2022). Revenue: CN¥282.6m (down 20% from 3Q 2022). Net loss: CN¥42.7m (loss widened 211% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 01
Shenzhen Huakong Seg Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shenzhen Huakong Seg Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.016 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.45 (up from CN¥0.016 loss in 2Q 2022). Revenue: CN¥218.8m (down 9.4% from 2Q 2022). Net income: CN¥452.3m (up CN¥468.7m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Shenzhen Huakong Seg Co., Ltd. announced that it expects to receive CNY 845.604029 million in funding from Shenzhen Waranty Assets Management Company Limited Shenzhen Huakong Seg Co., Ltd. announced that it has entered into Share Subscription Agreement with returning investor Shenzhen Waranty Assets Management Co., Ltd. to issue not more than 302,001,439 A shares at an issue price of CNY 2.80 per share for the gross proceeds of not more than CNY 845,604,029.20 on August 7, 2023. The investor will subscribe all the shares. The shares cannot be transferred within 36 months from the issuance closing date. and the shares held prior to the issuance cannot be transferred within 18 months from the issuance closing date. At present, Shenzhen Waranty Assets Management Co., Ltd. holds 26.48% stake, and will increase to 43.44% post completion. The transaction has been been approved in the 11th Extraordinary Meeting of the Company’s 7th Directorate and the 11th Extraordinary Meeting of the 7th Supervisory Board, and is subject to the approvals of the Company’s Shareholders, the authorized state-owned assets supervision and administration department, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Announcement • May 13
Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, May 30, 2023 Shenzhen Huakong Seg Co., Ltd., Annual General Meeting, May 30, 2023, at 14:50 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; and to consider 2022 profit distribution plan. Reported Earnings • Apr 29
Full year 2022 earnings released: CN¥0.22 loss per share (vs CN¥0.097 loss in FY 2021) Full year 2022 results: CN¥0.22 loss per share (further deteriorated from CN¥0.097 loss in FY 2021). Revenue: CN¥1.11b (up 19% from FY 2021). Net loss: CN¥217.7m (loss widened 123% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. 1 highly experienced director. MD & Non-Independent Director Libin Tong is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.014 loss per share (vs CN¥0 in 3Q 2021) Third quarter 2022 results: CN¥0.014 loss per share (further deteriorated from CN¥0 in 3Q 2021). Revenue: CN¥353.7m (down 9.7% from 3Q 2021). Net loss: CN¥13.7m (down CN¥13.9m from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% 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. Reported Earnings • Sep 03
Second quarter 2022 earnings released: CN¥0.016 loss per share (vs CN¥0.02 loss in 2Q 2021) Second quarter 2022 results: CN¥0.016 loss per share (up from CN¥0.02 loss in 2Q 2021). Revenue: CN¥241.5m (up 116% from 2Q 2021). Net loss: CN¥16.5m (loss narrowed 19% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
First quarter 2022 earnings released: CN¥0.01 loss per share (vs CN¥0.024 loss in 1Q 2021) First quarter 2022 results: CN¥0.01 loss per share (up from CN¥0.024 loss in 1Q 2021). Revenue: CN¥256.7m (up 262% from 1Q 2021). Net loss: CN¥9.73m (loss narrowed 60% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 06
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CN¥0.097 loss per share (up from CN¥0.17 loss in FY 2020). Revenue: CN¥935.8m (up 309% from FY 2020). Net loss: CN¥97.7m (loss narrowed 41% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released: CN¥0.02 loss per share (vs CN¥0.024 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥111.6m (up 105% from 2Q 2020). Net loss: CN¥20.4m (loss narrowed 15% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.17 loss per share (vs CN¥0.006 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: CN¥228.7m (up 1.6% from FY 2019). Net loss: CN¥166.1m (down CN¥172.1m from profit in FY 2019). 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 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 02
New 90-day low: CN¥2.60 The company is down 17% from its price of CN¥3.12 on 05 November 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 flat over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: CN¥2.71 The company is down 17% from its price of CN¥3.26 on 24 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 • Dec 01
New 90-day low: CN¥3.05 The company is down 15% from its price of CN¥3.58 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥3.08 The company is down 16% from its price of CN¥3.68 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. 
