Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥18.11, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Shipping industry in China. Total returns to shareholders of 54% over the past three years. Announcement • Mar 30
Fujian Highton Development Co., Ltd. to Report Q1, 2026 Results on Apr 17, 2026 Fujian Highton Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 17, 2026 Reported Earnings • Mar 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥0.51 (down from CN¥0.60 in FY 2024). Revenue: CN¥4.44b (up 21% from FY 2024). Net income: CN¥465.0m (down 15% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Shipping industry in China. Announcement • Mar 19
Fujian Highton Development Co., Ltd., Annual General Meeting, Apr 09, 2026 Fujian Highton Development Co., Ltd., Annual General Meeting, Apr 09, 2026, at 14:30 China Standard Time. Location: 42F, No. 23, Changting Street, Taijiang District, Fuzhou, Fujian China Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.74, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Shipping industry in China. Total returns to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.36, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Shipping industry in China. Total returns to shareholders of 62% over the past year. Announcement • Dec 26
Fujian Highton Development Co., Ltd. to Report Fiscal Year 2025 Results on Mar 20, 2026 Fujian Highton Development Co., Ltd. announced that they will report fiscal year 2025 results on Mar 20, 2026 Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥10.83, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Shipping industry in China. Total returns to shareholders of 16% over the past year. New Risk • Oct 30
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 7.4% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (9.6% net profit margin). Reported Earnings • Oct 20
Third quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.18 in 3Q 2024). Revenue: CN¥1.21b (up 34% from 3Q 2024). Net income: CN¥165.7m (down 1.5% from 3Q 2024). Profit margin: 14% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Shipping industry in China. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥11.22, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Shipping industry in China. Total returns to shareholders of 13% over the past year. Announcement • Sep 30
Fujian Highton Development Co., Ltd. to Report Q3, 2025 Results on Oct 18, 2025 Fujian Highton Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025 Reported Earnings • Jul 22
Second quarter 2025 earnings released: EPS: CN¥0.025 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.025 (down from CN¥0.17 in 2Q 2024). Revenue: CN¥994.4m (up 12% from 2Q 2024). Net income: CN¥19.2m (down 87% from 2Q 2024). Profit margin: 1.9% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Shipping industry in China. Announcement • Jun 30
Fujian Highton Development Co., Ltd. to Report First Half, 2025 Results on Jul 22, 2025 Fujian Highton Development Co., Ltd. announced that they will report first half, 2025 results on Jul 22, 2025 Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Shipping industry in China. Total loss to shareholders of 4.2% over the past year. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.10 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.07 (down from CN¥0.10 in 1Q 2024). Revenue: CN¥805.9m (up 1.0% from 1Q 2024). Net income: CN¥67.6m (down 25% from 1Q 2024). Profit margin: 8.4% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Mar 28
Fujian Highton Development Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Fujian Highton Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Reported Earnings • Mar 20
Full year 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.21 in FY 2023) Full year 2024 results: EPS: CN¥0.60 (up from CN¥0.21 in FY 2023). Revenue: CN¥3.66b (up 115% from FY 2023). Net income: CN¥549.0m (up 197% from FY 2023). Profit margin: 15% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Announcement • Mar 20
Fujian Highton Development Co., Ltd., Annual General Meeting, Apr 09, 2025 Fujian Highton Development Co., Ltd., Annual General Meeting, Apr 09, 2025, at 14:30 China Standard Time. Location: 42F, No. 23, Changting Street, Taijiang District, Fuzhou, Fujian China Announcement • Dec 27
Fujian Highton Development Co., Ltd. to Report Fiscal Year 2024 Results on Mar 20, 2025 Fujian Highton Development Co., Ltd. announced that they will report fiscal year 2024 results on Mar 20, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.018 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.018 in 3Q 2023). Revenue: CN¥900.3m (up 125% from 3Q 2023). Net income: CN¥168.2m (up CN¥150.5m from 3Q 2023). Profit margin: 19% (up from 4.4% in 3Q 2023). The increase in margin was driven by higher revenue. Announcement • Sep 30
Fujian Highton Development Co., Ltd. to Report Q3, 2024 Results on Oct 18, 2024 Fujian Highton Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 18, 2024 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¥9.50, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 22x in the Shipping industry in China. Total loss to shareholders of 23% over the past year. Announcement • Jun 29
Fujian Highton Development Co., Ltd. to Report First Half, 2024 Results on Jul 25, 2024 Fujian Highton Development Co., Ltd. announced that they will report first half, 2024 results on Jul 25, 2024 Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 48% After last week's 48% share price gain to CN¥14.09, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 17x in the Shipping industry in China. Total returns to shareholders of 15% over the past year. Announcement • Mar 29
Fujian Highton Development Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Fujian Highton Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Announcement • Mar 22
Fujian Highton Development Co., Ltd., Annual General Meeting, Apr 11, 2024 Fujian Highton Development Co., Ltd., Annual General Meeting, Apr 11, 2024, at 14:30 China Standard Time. Location: 42F, No. 23, Changting Street, Taijiang District, Fuzhou, Fujian China Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥0.31 (vs CN¥1.22 in FY 2022) Full year 2023 results: EPS: CN¥0.31 (down from CN¥1.22 in FY 2022). Revenue: CN¥1.71b (down 17% from FY 2022). Net income: CN¥185.0m (down 72% from FY 2022). Profit margin: 11% (down from 33% in FY 2022). The decrease in margin was primarily driven by lower revenue. Announcement • Mar 13
Fujian Highton Development Co., Ltd. (SHSE:603162) announces an Equity Buyback for CNY 40 million worth of its shares. Fujian Highton Development Co., Ltd. (SHSE:603162) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not more than CNY 20 per Share. The upper limit of the price shall not be higher than 150% of the average trading price of the company's stock in the 30 trading days before the company's board of directors passed the resolution on the share repurchase plan. The repurchases will be funded using company's own funds. The repurchase period will be not more than 6 months. New Risk • Jan 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (19% net profit margin). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥14.29, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 18x in the Shipping industry in China. Announcement • Dec 29
Fujian Highton Development Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Fujian Highton Development Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥19.26, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 19x in the Shipping industry in China. Reported Earnings • Oct 24
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.027. Net income: CN¥17.7m (up CN¥17.7m from 3Q 2022). Announcement • Sep 30
Fujian Highton Development Co., Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Fujian Highton Development Co., Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 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 6.5% 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 (6.5% average weekly change). Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥22.69, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 23x in the Shipping industry in China. New Risk • Jul 31
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.2% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.10. Net income: CN¥56.9m (up CN¥56.9m from 2Q 2022). Announcement • Jun 28
Fujian Highton Development Co., Ltd. to Report First Half, 2023 Results on Jul 28, 2023 Fujian Highton Development Co., Ltd. announced that they will report first half, 2023 results on Jul 28, 2023 Reported Earnings • Apr 18
First quarter 2023 earnings released First quarter 2023 results: EPS: CN¥0.19. Net income: CN¥76.8m (up CN¥76.8m from 1Q 2022).