Board Change • Jul 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director De Chao Zhong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Sichuan Haite High-tech Co.,Ltd to Report First Half, 2026 Results on Aug 21, 2026 Sichuan Haite High-tech Co.,Ltd announced that they will report first half, 2026 results on Aug 21, 2026 New Risk • Jun 08
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 8.4% 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: Major Risk Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.72 loss per share (vs CN¥0.096 profit in FY 2024) Full year 2025 results: CN¥0.72 loss per share (down from CN¥0.096 profit in FY 2024). Revenue: CN¥1.56b (up 18% from FY 2024). Net loss: CN¥534.5m (down CN¥605.4m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 28
Sichuan Haite High-tech Co.,Ltd, Annual General Meeting, May 22, 2026 Sichuan Haite High-tech Co.,Ltd, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: 1F, Building 3, No. 1, Keyuan South Road, High-tech Zone, Chengdu, Sichuan China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥12.32, the stock trades at a trailing P/E ratio of 71.3x. Average trailing P/E is 16x in the Infrastructure industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Mar 31
Sichuan Haite High-tech Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Sichuan Haite High-tech Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.23, the stock trades at a trailing P/E ratio of 70.8x. Average trailing P/E is 17x in the Infrastructure industry in China. Total returns to shareholders of 36% over the past three years. Announcement • Dec 31
Sichuan Haite High-tech Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Sichuan Haite High-tech Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: CN¥0.075 (vs CN¥0.02 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.075 (up from CN¥0.02 in 3Q 2024). Revenue: CN¥389.7m (up 33% from 3Q 2024). Net income: CN¥55.3m (up 273% from 3Q 2024). Profit margin: 14% (up from 5.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Sichuan Haite High-tech Co.,Ltd to Report Q3, 2025 Results on Oct 27, 2025 Sichuan Haite High-tech Co.,Ltd announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Sichuan Haite High-tech Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Sichuan Haite High-tech Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 25
Sichuan Haite High-tech Co.,Ltd (SZSE:002023) announces an Equity Buyback for CNY 80 million worth of its shares. Sichuan Haite High-tech Co.,Ltd (SZSE:002023) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price of CNY 13.50 per share. The repurchase of shares will be used for employee shareholding plan or as equity incentive. The program will be valid for a period of 12 months. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.025 (vs CN¥0.035 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.025 (down from CN¥0.035 in 1Q 2024). Revenue: CN¥304.9m (up 14% from 1Q 2024). Net income: CN¥18.8m (down 27% from 1Q 2024). Profit margin: 6.2% (down from 9.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Sichuan Haite High-tech Co.,Ltd, Annual General Meeting, May 16, 2025 Sichuan Haite High-tech Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 1F, Building 3, No. 1, Keyuan South Road, High-tech Zone, Chengdu, Sichuan China New Risk • Apr 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 31
Sichuan Haite High-tech Co.,Ltd to Report Q1, 2025 Results on Apr 24, 2025 Sichuan Haite High-tech Co.,Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Sichuan Haite High-tech Co.,Ltd to Report Fiscal Year 2024 Results on Apr 24, 2025 Sichuan Haite High-tech Co.,Ltd announced that they will report fiscal year 2024 results on Apr 24, 2025 New Risk • Nov 26
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.006 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.006 in 3Q 2023). Revenue: CN¥293.3m (up 28% from 3Q 2023). Net income: CN¥14.8m (up 214% from 3Q 2023). Profit margin: 5.1% (up from 2.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Sichuan Haite High-tech Co.,Ltd to Report Q3, 2024 Results on Oct 28, 2024 Sichuan Haite High-tech Co.,Ltd announced that they will report Q3, 2024 results on Oct 28, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.029 (vs CN¥0.022 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.029 (up from CN¥0.022 in 2Q 2023). Revenue: CN¥350.9m (up 28% from 2Q 2023). Net income: CN¥21.3m (up 35% from 2Q 2023). Profit margin: 6.1% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Sichuan Haite High-tech Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Sichuan Haite High-tech Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Jun 08
Sichuan Haite High-Tech Co.,Ltd. Announces Dividend on Share A for the Year 2023, Payable on June 13, 2024 Sichuan Haite High-tech Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY 0.50000000 on share A for the year 2023, Payable on June 13, 2024. Record date: 12 June 2024, Ex-date: 13 June 2024. Announcement • Apr 27
Sichuan Haite High-Tech Co.,Ltd. Announces Profit Distribution Proposal for 2023 Sichuan Haite High-tech Co.,Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included) of CNY 0.50000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.017 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.035 (up from CN¥0.017 in 1Q 2023). Revenue: CN¥267.1m (up 17% from 1Q 2023). Net income: CN¥25.7m (up 102% from 1Q 2023). Profit margin: 9.6% (up from 5.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Infrastructure industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Sichuan Haite High-tech Co.,Ltd., Annual General Meeting, May 17, 2024 Sichuan Haite High-tech Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 1F, Building 3, No. 1, Keyuan South Road, High-tech Zone, Chengdu, Sichuan China New Risk • Apr 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 10% 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 Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Announcement • Mar 30
Sichuan Haite High-tech Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Sichuan Haite High-tech Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Dec 29
Sichuan Haite High-tech Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Sichuan Haite High-tech Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.017 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.006 (up from CN¥0.017 loss in 3Q 2022). Revenue: CN¥228.7m (down 1.0% from 3Q 2022). Net income: CN¥4.73m (up CN¥17.1m from 3Q 2022). Profit margin: 2.1% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 39% 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. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.022 (vs CN¥0.008 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.022 (up from CN¥0.008 in 2Q 2022). Revenue: CN¥273.9m (up 16% from 2Q 2022). Net income: CN¥15.9m (up 166% from 2Q 2022). Profit margin: 5.8% (up from 2.5% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Jul 01
Sichuan Haite High-tech Co.,Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Sichuan Haite High-tech Co.,Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Buying Opportunity • Jun 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be CN¥11.67, 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. Meanwhile, the company has become profitable. Buying Opportunity • May 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be CN¥10.99, 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. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in a year. Earnings is forecast to grow by 2,217% in the next year. Board Change • Nov 16
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. 4 experienced directors. 1 highly experienced director. Non-Independent Director Tao Wan is the most experienced director on the board, commencing their role in 2008. 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 28
Third quarter 2022 earnings released: CN¥0.017 loss per share (vs CN¥0.005 loss in 3Q 2021) Third quarter 2022 results: CN¥0.017 loss per share (further deteriorated from CN¥0.005 loss in 3Q 2021). Revenue: CN¥231.1m (up 10% from 3Q 2021). Net loss: CN¥12.4m (loss widened 250% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.008 (vs CN¥0.91 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.008 (down from CN¥0.91 in 2Q 2021). Revenue: CN¥237.1m (up 15% from 2Q 2021). Net income: CN¥5.96m (down 99% from 2Q 2021). Profit margin: 2.5% (down from 326% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Aug 03
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. 4 experienced directors. 1 highly experienced director. Non-Independent Director Tao Wan is the most experienced director on the board, commencing their role in 2008. 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 • Aug 02
Sichuan Haite High-tech Co., Ltd. Approves Management Appointments Sichuan Haite High-tech Co., Ltd. at its Extraordinary General Meeting held on 29 July 2022, approved election of Wang Shengjie and Lin Lu as non-independent directors; election of Ren Zhixin, Xu Binglun and Zhu Xiaogang as independent directors; and election of Zhang Qian as non-employee supervisor. Board Change • Aug 01
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. 3 highly experienced directors. Chairman of the Supervisory Board Dehua Zheng was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 02
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. 3 highly experienced directors. Chairman of the Supervisory Board Dehua Zheng was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.028 (up from CN¥0.012 in 1Q 2021). Revenue: CN¥223.2m (up 20% from 1Q 2021). Net income: CN¥20.9m (up 133% from 1Q 2021). Profit margin: 9.4% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 319%. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.005 loss per share (vs CN¥0.032 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥209.6m (down 28% from 3Q 2020). Net loss: CN¥3.55m (down 115% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.91 (vs CN¥0.009 in 2Q 2020) Second quarter 2021 results: Revenue: CN¥206.2m (down 17% from 2Q 2020). Net income: CN¥671.4m (up CN¥663.6m from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.042 (vs CN¥0.10 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥964.1m (up 19% from FY 2019). Net income: CN¥31.7m (down 59% from FY 2019). Profit margin: 3.3% (down from 9.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Feb 24
Sichuan Haite High-tech Co., Ltd. to Report Fiscal Year 2020 Results on Apr 13, 2021 Sichuan Haite High-tech Co., Ltd. announced that they will report fiscal year 2020 results on Apr 13, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥13.85 The company is down 14% from its price of CN¥16.10 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥15.50 The company is down 2.0% from its price of CN¥15.88 on 30 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Infrastructure industry, which is down 5.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥10.4m, down 84% from the prior year. Total revenue was CN¥944.6m over the last 12 months, up 31% from the prior year. Announcement • Oct 19
Sichuan Haite High-tech Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Sichuan Haite High-tech Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Aug 02
Sichuan Haite High-tech Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Sichuan Haite High-tech Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
