Announcement • Jun 09
Honghua Group Limited, Annual General Meeting, Jun 30, 2026 Honghua Group Limited, Annual General Meeting, Jun 30, 2026, at 09:30 China Standard Time. Location: conference room 353, 99 east road, information park, jinniu district, sichuan prc, chengdu China Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-executive Director Junren Wang 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 • Mar 11
Honghua Group Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Honghua Group Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Announcement • Jan 19
Honghua Group Limited Announces Changes in Non-Executive Director and Board Committee Memberships, Effective January 19, 2026 The board of Honghua Group Limited announced that, with effect from January 19, 2026, Mr. Yang Yangzhuang has resigned as a non-executive director of the Company, and as a member of each of the audit committee and the strategic investment committee of the Board due to work reallocation. Mr. Liu Hui has been appointed as a non-executive director of the Company, and as a member of the audit committee and the strategic investment committee of the Board. Mr. Liu, aged 60, prior to his appointment as a non-executive director of the Company, served in various positions, including the deputy head, workshop director and secretary to the Party Committee of the Casting Plant of Dongfang Electrical Machinery Works; the deputy head of the personnel and labour relations department, deputy director of the human resources department, director of the materials procurement department, the deputy chief economist, an executive director and the deputy general manager of Dongfang Electrical Machinery Company Limited; the director of the Party Committee work department and deputy secretary to the Party Committee of Dongfang Electric Corporation; the secretary to the Party Committee and the Chairman of Dongfang Electric Machinery Co. Ltd.; the head of Dongfang Electrical Machinery Works; the secretary to the Party Committee of Dongfang Electric Wind Power Co. Ltd.; and the secretary to the Party Committee and the Chairman of DEC Dongfang Stream Turbine Co. Ltd. He concurrently served as the secretary to the Party Committee and a director of Dongfang Electric Digital Technology Co. Ltd. Mr. Liu graduated from Southwest Jiaotong University with a master’s degree in business administration. Mr. Liu has entered into a service contract with the Company as a non-executive director for a term of three years with effect from January 19, 2026. His term of office is subject to the provisions of the Company’s Articles of Association and the corporate governance code set out in Appendix C1 to the Listing Rules, and he is required to retire at the first annual general meeting after his appointment at which he is eligible to retire by rotation and, if nominated, offer himself for re-election. The Board further announced that, with effect from January 19, 2026, Mr. Wang Xu will, due to adjustments in the company’s governance arrangements, cease to serve as a member of the Board’s Remuneration Committee, but his other positions in the Company remain unchanged. As at the date of this announcement, the executive directors of the Company are Mr. Wang Xu (Chairman), Mr. Zhu Hua and Mr. Yang Qiang; the non-executive director of the Company is Mr. Liu Hui; and the independent non-executive directors of the Company are Mr. Zhang Shiju, Ms. Li Yuedong and Mr. Wang Junren. Announcement • Aug 15
Honghua Group Limited to Report First Half, 2025 Results on Aug 26, 2025 Honghua Group Limited announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Jul 25
Honghua Group Limited Announces Resignation of Liu Xinggui as Non-Executive Director, Members of Each of the Remuneration Committee and the Strategic Investment Committee, Effective July 25, 2025 The board of directors of Honghua Group Limited announced that Mr. Liu Xinggui has tendered his resignation as Non-Executive Director, the members of each of the Remuneration Committee and the Strategic Investment Committee of the Company with effect from 25 July 2025 due to having reached the retirement age (60 years old). Announcement • May 30
Honghua Group Limited, Annual General Meeting, Jun 27, 2025 Honghua Group Limited, Annual General Meeting, Jun 27, 2025, at 09:30 China Standard Time. Location: conference room 353, 99 east road, information park, jinniu district, chengdu, sichuan, prc., China Announcement • Mar 13
Honghua Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Honghua Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Reported Earnings • Sep 30
First half 2024 earnings released: EPS: CN¥0 (vs CN¥0.029 loss in 1H 2023) First half 2024 results: EPS: CN¥0 (improved from CN¥0.029 loss in 1H 2023). Revenue: CN¥2.78b (up 11% from 1H 2023). Net income: CN¥2.42m (up CN¥156.6m from 1H 2023). Profit margin: 0.1% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Honghua Group Limited Announces Board and Board Committees The board of directors (the "Board") of Honghua Group Limited announced that with effect from 20 August 2024, Mr. Wang Junren ("Mr. Wang") has been appointed as an independent non-executive Director of the Company. Mr. Wang, aged 63, holds an Executive Master's degree in Business Administration from
Peking University. He started to work in 1982 and has successively served as director of Strategic Development Center of China National Oil and Gas Exploration and Development Corporation, deputy general director and general director of Kazakhstan PetroChina Aktobe Oil and Gas Co., LTD., deputy general director of PetroChina Kazakhstan Company, deputy general director of PetroChina Central Asia Company, general director of PetroChina West Africa Company and other positions. Mr. Wang has rich experience in oil and gas exploration and development, international oil management and engineering construction management.
CHANGE IN COMPOSITION OF BOARD COMMITTEES: The Board further announces that with effect from 20 August 2024: Mr. Wang has been appointed as member of the remuneration committee and strategic investment and risk control committee of the Company. Mr. Liu Xinggui, the non-executive director, has been appointed as member of the remuneration committee of the Company. Announcement • Aug 15
Honghua Group Limited to Report First Half, 2024 Results on Aug 27, 2024 Honghua Group Limited announced that they will report first half, 2024 results on Aug 27, 2024 Board Change • Jul 09
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Shiju Zhang is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yuedong Li was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 05
Honghua Group Limited, Annual General Meeting, Jun 26, 2024 Honghua Group Limited, Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: munich conference room, 4th floor, shenzhen futian huanggang, 28 fumin road, futian district, shenzhen, guangdong., China Announcement • May 18
Honghua Group Limited Appoints Yang Qiang as an Executive Director The board of directors of Honghua Group Limited announced that Mr. Yang Qiang ("Mr. Yang") was appointed as an executive director of the Company with effect from 17 May 2024. Mr. Yang, aged 43, holder of a bachelor's degree. He once worked in Dongfang Electric Machinery Co. Ltd. from 2004, served as deputy director of the equipment department, deputy director of the material purchasing department and deputy director of the procurement centre, and was the deputy secretary of the Party Committee and employee representative of Dongfang Electric Autocontrol Engineering Co. Ltd.At present, Mr. Yang serves as the Party Deputy Secretary of Honghua (China) Investment Co. Ltd. and a director of Sichuan Honghua Petroleum Equipment Co. Ltd., both being the subsidiaries of the Company. Mr. Yang has extensive experience in material procurement, equipment management, technology management and human resources management. Buy Or Sell Opportunity • Apr 30
Now 40% undervalued The stock has been flat over the last 90 days, currently trading at €0.01. The fair value is estimated to be €0.017, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 24
Now 43% undervalued The stock has been flat over the last 90 days, currently trading at €0.01. The fair value is estimated to be €0.018, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €92.3m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€92.3m market cap, or US$99.1m). Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥0.055 loss per share (vs CN¥0.12 loss in FY 2022) Full year 2023 results: CN¥0.055 loss per share (improved from CN¥0.12 loss in FY 2022). Revenue: CN¥5.47b (up 22% from FY 2022). Net loss: CN¥386.6m (loss narrowed 39% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 24% per year. Announcement • Mar 13
Honghua Group Limited to Report Fiscal Year 2023 Final Results on Mar 26, 2024 Honghua Group Limited announced that they will report fiscal year 2023 final results on Mar 26, 2024 Reported Earnings • Sep 29
First half 2023 earnings released: CN¥0.029 loss per share (vs CN¥0.099 loss in 1H 2022) First half 2023 results: CN¥0.029 loss per share (improved from CN¥0.099 loss in 1H 2022). Revenue: CN¥2.49b (up 65% from 1H 2022). Net loss: CN¥154.2m (loss narrowed 71% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
First half 2023 earnings released: CN¥0.029 loss per share (vs CN¥0.099 loss in 1H 2022) First half 2023 results: CN¥0.029 loss per share (improved from CN¥0.099 loss in 1H 2022). Revenue: CN¥2.49b (up 65% from 1H 2022). Net loss: CN¥154.2m (loss narrowed 71% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
Honghua Group Limited to Report First Half, 2023 Results on Aug 29, 2023 Honghua Group Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Aug 01
Honghua Group Limited Announces Resignation of Zhang Mi as Non-Executive Director and Member of Strategic Investment and Risk Control Committee The board of directors of Honghua Group Limited announced the following changes with effect from 31 July 2023: Zhang Mi has tendered his resignation as Non-Executive Director and member of Strategic Investment and Risk Control Committee of the Company with effect from 31 July 2023, due to devoting more time to personal business. New Risk • Jul 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). New Risk • Jun 29
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 German stocks, typically moving 7.3% 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 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€79.6m market cap, or US$86.9m). New Risk • Jun 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.6m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€89.6m market cap, or US$97.6m). Announcement • May 25
Honghua Group Limited, Annual General Meeting, Jun 29, 2023 Honghua Group Limited, Annual General Meeting, Jun 29, 2023. Agenda: To consider amendments to the memorandum and articles of association of Company. Reported Earnings • Mar 30
Full year 2022 earnings released: CN¥0.12 loss per share (vs CN¥0.14 loss in FY 2021) Full year 2022 results: CN¥0.12 loss per share (improved from CN¥0.14 loss in FY 2021). Revenue: CN¥4.48b (up 52% from FY 2021). Net loss: CN¥634.4m (loss narrowed 12% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • Nov 26
Honghua Group Limited Announces Change of Executive Directors and Board Committees Members The board of directors of Honghua Group Limited announced: Mr. Jin Liliang ("Mr. Jin") has tendered his resignation as Executive Director, Chairman of the Board, member of Remuneration Committee, chairman of Strategic Investment and Risk Control Committee and chairman of Nomination Committee of the Company with effect from November 25, 2022, due to job adjustment. Mr. Wang Xu ("Mr. Wang") has been appointed as Executive Director, Chairman of the Board, member of Remuneration Committee, chairman of Strategic Investment and Risk Control Committee and chairman of Nomination Committee of the Company with effect from November 25, 2022. Mr. Wang, 49 aged, joined Dongfang Electric Corporation ("Dongfang Electric") in 1995 and is currently an employee director of Dongfang Electric. Previously, he served as the head of the party-masses work department of Dongfang Electric and the head of the corporate culture department of Dongfang Electric Corporation Limited, the deputy secretary of the party committee and the secretary of the discipline inspection committee of Dongfang Electric Wind Power Co. Ltd. and the manager of the Coil Branch Factory of Dongfang Electric, as well as the secretary of the joint party branch of the production management department and the warehouse management center of DongFang Electric Machinery Corporation Limited, and deputy head of the production management department of DongFang Electric Machinery Corporation Limited. Mr. Wang has extensive experience in production management and enterprise management. Mr. Wang received his Bachelor's degree in Engineering from Chongqing University in 1995. Mr. Wang is currently the secretary of the party committee of Honghua (China) Investment Co. Ltd., a subsidiary of the Company. Announcement • Nov 25
Honghua Group Limited Announces Management Changes The Board of Honghua Group Limited announced that Ms. Xu Xiufang ("Ms. Xu") has tendered her resignation as Chief Financial Officer with effect from November 25, 2022, due to job adjustment. The Board announced that Jin Qian ("Ms. Jin") has been appointed as Chief Financial Officer with effect from November 25, 2022. Ms. Jin, aged 47, has been working in Dongfang Electric since 1995. Previously, she served as deputy head of finance department of Dongfang Electric and Dongfang Electric Corporation Limited, respectively, and the chairman of the board of supervisors of Dongfang Electric (Chengdu) Hydrogen Fuel Cell Technology Co. Ltd. Ms. Jin has extensive experience in financial management. Ms. Jin holds a master's degree in industrial engineering from Southwest Jiaotong University and a bachelor's degree in accounting from Chongqing University. Reported Earnings • Sep 01
First half 2022 earnings released: CN¥0.099 loss per share (vs CN¥0.014 loss in 1H 2021) First half 2022 results: CN¥0.099 loss per share (down from CN¥0.014 loss in 1H 2021). Revenue: CN¥1.51b (down 2.7% from 1H 2021). Net loss: CN¥523.4m (loss widened CN¥450.4m from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
Honghua Group Limited to Report First Half, 2022 Results on Aug 30, 2022 Honghua Group Limited announced that they will report first half, 2022 results on Aug 30, 2022 Announcement • Aug 06
Honghua Group Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 Honghua Group Limited provides earnings guidance for the six months ended 30 June 2022. The Group is expected to record a loss for the shareholders of the Company for the six months ended 30 June 2022, significantly increasing as compared to the loss for the shareholders of RMB 72.966 million for the six months ended 30 June 2021, with expected net loss not exceeding RMB 550 million. Announcement • Jul 05
Honghua Group Limited Announces Executive Changes Honghua Group Limited announcement of the Company dated 29 June 2022, the composition of the Board is adjusted with the following resignations and appointments with effect from 4 July 2022: Mr. Ren Jie has tendered his resignation as Executive Director and member of Strategic Investment and Risk Control Committee of the Company, due to devoting more time to other business; Mr. Chen Wenle has tendered his resignation as Non-Executive Director due to work arrangement; Mr. Wang Xiuchang has tendered his resignation as Non-Executive Director due to work arrangement; Mr. Zhang Mi has tendered his resignation as member of Remuneration Committee, due to devoting more time to other business; and Mr. Chen Guoming has tendered his resignation as member of Nomination Committee, due to devoting more time to other business. Appointment of directors and Board Committee members: Mr. Zhu Hua ("Mr. Zhu") has been appointed as Executive Director and member of Strategic Investment and Risk Control Committee; Mr. Yang Yong("Mr. Yang") has been appointed as Non-Executive Director; and Mr. Zhang Shiju("Mr. Zhang") has been appointed as Independent Non-executive Director, member of the Audit Committee, Remuneration Committee and Nomination Committee. The biographical details of Mr. Zhu, Mr. Yang and Mr. Zhang are as follows: Mr. Zhu, aged 38, joined the DEC in 2009 and once served as a director, general manager and party secretary of MHI Power Dongfang Boiler Co. Ltd., a subsidiary of DEC. He once served as the deputy director of the boiler technology department, the deputy director of the product project management department, the director of the marketing center and the director of the thermal power marketing department of Dongfang Boiler Co. Ltd. Mr. Yang, aged 48, joined the DEC in 1998, and served as the chairman and party secretary of DEC (Chengdu) Hydrogen Fuel Cell Technology Co. Ltd., the vice president of Central Research Institute of DEC and Deputy General Manager of DEC Academy of Science and Technology Co. Ltd. Mr. Yang has extensive experience in corporate management. Mr. Zhang, aged 44, is currently a senior partner of Beijing Yingke Law Firm Shanghai Office. Mr. Zhang holds a master's degree in economic law from Nanjing University. He is a member of the Legal Counsel Professional Committee of the All-China Lawyers Association, an external expert of the Shanghai Technology Exchange Expert Think Tank, and a management consulting service expert of the Management Consulting Professional Committee of the China Enterprise Confederation. Mr. Jiang Fuhao ("Mr. Jiang") ceased to be the President of the Company due to work arrangement with effect from 4 July 2022. Mr. Zhu has been appointed as the Executive Vice President of the Company and is in charge of the scientific research and production and the daily operation and management of the Company, with effect from 4 July 2022. Mr. Luo Xiaoming ("Mr. Luo") has been appointed as the Vice President of the Company, responsible for the international operation and marketing management of the Company, with effect from 4 July 2022. Mr. Luo, aged 55, joined the DEC since 1992. He was the vice general manager of DEC International Cooperation Limited, Dongfang Electric Co., Ltd, International Engineering Branch and Dongfang Electric Co. Ltd., Import and Export Branch, respectively. Mr. Luo is experienced in international trade business. Mr. Luo obtained a bachelor's degree in thermal engineering from the thermal engineering department of Chongqing University in 1998 and holds a master's degree of engineering thermal physics from the power engineering department of Harbin Institute of Technology in 1992. Reported Earnings • May 03
Full year 2021 earnings released: CN¥0.14 loss per share (vs CN¥0.009 profit in FY 2020) Full year 2021 results: CN¥0.14 loss per share (down from CN¥0.009 profit in FY 2020). Revenue: CN¥2.94b (down 25% from FY 2020). Net loss: CN¥717.2m (down CN¥766.9m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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 Non-Executive Director Bin Wei was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings released: CN¥0.14 loss per share (vs CN¥0.009 profit in FY 2020) Full year 2021 results: CN¥0.14 loss per share (down from CN¥0.009 profit in FY 2020). Revenue: CN¥2.94b (down 25% from FY 2020). Net loss: CN¥717.2m (down CN¥766.9m from profit in FY 2020). 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 • Mar 31
Honghua Group Limited, Annual General Meeting, Jun 22, 2022 Honghua Group Limited, Annual General Meeting, Jun 22, 2022. Announcement • Jan 30
Honghua Group Limited Provides Unaudited Consolidated Earnings Guidance for the Year Ended 31 December 2021 The Board of Honghua Group Limited announced that based on the unaudited consolidated management accounts of the Group for the year ended 31 December 2021 and the information currently available to the company, the Group is expected to record a loss attributable to the shareholders of the company ranging from RMB 700.00 million to RMB 800.00 million for the year ended 31 December 2021, as compared to the profit attributable to the shareholders of RMB 49.66 million for the year ended 31 December 2020. The expected loss for the year ended 31 December 2021 is primarily due to (1) the financial losses caused by the debt default of the Offshore Segment; (2) the continual spread of the COVID-19 pandemic leading to significant decline in international drilling equipment business while the new orders which were mainly signed in the fourth quarter which failing to make up the shortfall of the revenue for the period; (3) the decline of service prices and gross profit margins of its projects resulting from the customers' prudent measures on capital expenditures; and (4) the effects of impairment of other assets and reversal of deferred income tax assets. Board Change • Dec 02
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 Non-Executive Director Bin Wei was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 02
Independent Non-Executive Director Chiu Kwok Poon has left the company On the 1st of December, Chiu Kwok Poon's tenure as Independent Non-Executive Director ended after 4.5 years in the role. We don't have any record of a personal shareholding under Chiu Kwok's name. Chiu Kwok is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.92 years. Reported Earnings • Sep 04
First half 2021 earnings released: CN¥0.014 loss per share (vs CN¥0.006 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: CN¥1.55b (down 14% from 1H 2020). Net loss: CN¥73.0m (down 334% from profit in 1H 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Bin Wei was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 15
Honghua Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2021 The board of directors of Honghua Group Limited provided that based on the unaudited consolidated management accounts of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2021 and the information currently available to the Company, the Group is expected to record net loss attributable to the shareholders of the Company ranging from RMB 30.00 million to RMB 70.00 million for the six months ended 30 June 2021, as compared to profit attributable to the shareholders of RMB 31.16 million for the six months ended 30 June 2020. The expected net loss for the six months ended 30 June 2021 is primarily due to the combined impact of the COVID-19 pandemic and the fluctuation in the international oil price. Major international oil companies made huge cuts in their capital expenditure. The exports of petroleum equipment (especially drilling rigs) of the Group which had advantages traditionally bore the brunt in terms of number of orders, and thus the operating revenue still recorded a year-on-year decrease despite
proactive adjustment to the business structure during the year. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.009 (vs CN¥0.02 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.93b (down 11% from FY 2019). Net income: CN¥49.7m (down 54% from FY 2019). Profit margin: 1.3% (down from 2.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.009 (vs CN¥0.02 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.93b (down 11% from FY 2019). Net income: CN¥49.7m (down 54% from FY 2019). Profit margin: 1.3% (down from 2.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Mar 16
Honghua Group Limited to Report Fiscal Year 2020 Results on Mar 29, 2021 Honghua Group Limited announced that they will report fiscal year 2020 results on Mar 29, 2021 Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of CN¥77.8m, down 71% from the prior year. Total revenue was CN¥4.18b over the last 12 months, down 18% from the prior year. Announcement • Aug 23
Honghua Group Limited to Report First Half, 2020 Results on Aug 26, 2020 Honghua Group Limited announced that they will report first half, 2020 results on Aug 26, 2020