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China Goldjoy Group

DB:W2T
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
W2T
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

China Goldjoy Group Limited, an investment holding company, engages in the automation, financial services, manufacturing, property investment and development, and securities investment businesses in the People’s Republic of China. The last earnings update was 23 days ago. More info.


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  • China Goldjoy Group has significant price volatility in the past 3 months.
W2T Share Price and Events
7 Day Returns
0%
DB:W2T
1.1%
DE Tech
1.8%
DE Market
1 Year Returns
-42.2%
DB:W2T
0.6%
DE Tech
-6%
DE Market
W2T Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Goldjoy Group (W2T) 0% -3.7% -33.3% -42.2% -72.3% -
DE Tech 1.1% 4% 13.1% 0.6% 67.6% 104.5%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • W2T underperformed the Tech industry which returned 0.6% over the past year.
  • W2T underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
W2T
Industry
5yr Volatility vs Market

W2T Value

 Is China Goldjoy Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Goldjoy Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Goldjoy Group.

DB:W2T Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:W2T
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 25%) (21.03%))
1.14
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.14 * 6.65%)
7.81%

Discounted Cash Flow Calculation for DB:W2T using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Goldjoy Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:W2T DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.81%)
2019 357.90 Est @ 5.78% 331.97
2020 372.63 Est @ 4.12% 320.59
2021 383.62 Est @ 2.95% 306.13
2022 391.80 Est @ 2.13% 290.00
2023 397.92 Est @ 1.56% 273.19
2024 402.54 Est @ 1.16% 256.34
2025 406.09 Est @ 0.88% 239.86
2026 408.87 Est @ 0.69% 224.01
2027 411.11 Est @ 0.55% 208.92
2028 412.97 Est @ 0.45% 194.66
Present value of next 10 years cash flows HK$2,645.66
DB:W2T DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$412.97 × (1 + 0.23%) ÷ (7.81% – 0.23%)
HK$5,458.01
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$5,458.01 ÷ (1 + 7.81%)10
HK$2,572.64
DB:W2T Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$2,645.66 + HK$2,572.64
HK$5,218.30
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$5,218.30 / 25,869.81
HK$0.2
DB:W2T Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:W2T represents 0.08387x of SEHK:1282
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08387x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 0.20 x 0.08387
€0.02
Value per share (EUR) From above. €0.02
Current discount Discount to share price of €0.03
= -1 x (€0.03 - €0.02) / €0.02
-53.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of China Goldjoy Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Goldjoy Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Goldjoy Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:W2T PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.03
SEHK:1282 Share Price ** SEHK (2019-04-18) in HKD HK$0.31
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Goldjoy Group.

DB:W2T PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1282 Share Price ÷ EPS (both in HKD)

= 0.31 ÷ 0.03

11.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Goldjoy Group is good value based on earnings compared to the Europe Tech industry average.
  • China Goldjoy Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does China Goldjoy Group's expected growth come at a high price?
Raw Data
DB:W2T PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.7%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for China Goldjoy Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Goldjoy Group's assets?
Raw Data
DB:W2T PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.24
SEHK:1282 Share Price * SEHK (2019-04-18) in HKD HK$0.31
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:W2T PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1282 Share Price ÷ Book Value per Share (both in HKD)

= 0.31 ÷ 0.24

1.27x

* Primary Listing of China Goldjoy Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Goldjoy Group is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess China Goldjoy Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. China Goldjoy Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

W2T Future Performance

 How is China Goldjoy Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Goldjoy Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Goldjoy Group expected to grow at an attractive rate?
  • China Goldjoy Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • China Goldjoy Group's earnings growth is expected to exceed the Germany market average.
  • Unable to compare China Goldjoy Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:W2T Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:W2T Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.7%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.7%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:W2T Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:W2T Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,583 671
2018-09-30 2,492 847
2018-06-30 3,402 -42 1,023
2018-03-31 3,114 237 946
2017-12-31 2,825 515 869
2017-09-30 1,915 35 705
2017-06-30 1,005 -453 542
2017-03-31 1,000 -637 504
2016-12-31 996 -822 467
2016-09-30 892 -657 349
2016-06-30 789 -493 231
2016-03-31 751 -275 207

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Goldjoy Group's earnings are expected to grow by 12.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if China Goldjoy Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:W2T Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Goldjoy Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W2T Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.03
2018-09-30 0.03
2018-06-30 0.04
2018-03-31 0.04
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.02
2017-03-31 0.02
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.01
2016-03-31 0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if China Goldjoy Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Goldjoy Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Goldjoy Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

W2T Past Performance

  How has China Goldjoy Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Goldjoy Group's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Goldjoy Group has delivered over 20% year on year earnings growth in the past 5 years.
  • China Goldjoy Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Goldjoy Group's 1-year earnings growth is negative, it can't be compared to the Europe Tech industry average.
Earnings and Revenue History
China Goldjoy Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Goldjoy Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W2T Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,582.58 670.83 333.03
2018-09-30 2,492.16 846.91 326.74
2018-06-30 3,401.75 1,022.98 320.44
2018-03-31 3,113.52 946.08 294.79
2017-12-31 2,825.29 869.17 269.14
2017-09-30 1,914.97 705.39 241.91
2017-06-30 1,004.66 541.60 214.67
2017-03-31 1,000.11 504.10 205.07
2016-12-31 995.56 466.59 195.48
2016-09-30 892.49 349.01 171.47
2016-06-30 789.42 231.42 147.46
2016-03-31 750.64 206.55 137.95
2015-12-31 711.85 181.69 128.44
2015-09-30 640.05 -184.10 134.37
2015-06-30 568.25 -549.89 140.31
2015-03-31 654.65 -566.52 151.59
2014-12-31 741.06 -583.15 162.87
2014-09-30 831.96 -291.90 182.09
2014-06-30 922.86 -0.65 201.31
2014-03-31 979.76 64.01 202.77
2013-12-31 1,036.66 128.67 204.23
2013-09-30 1,085.29 81.86 196.49
2013-06-30 1,133.91 35.06 188.75
2013-03-31 1,167.17 -9.78 186.58
2012-12-31 1,200.44 -54.61 184.41
2012-09-30 1,162.14 -31.56 169.14
2012-06-30 1,123.85 -8.51 153.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Goldjoy Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Goldjoy Group used its assets less efficiently than the Europe Tech industry average last year based on Return on Assets.
  • China Goldjoy Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Goldjoy Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Goldjoy Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

W2T Health

 How is China Goldjoy Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Goldjoy Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Goldjoy Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Goldjoy Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Goldjoy Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Goldjoy Group Company Filings, last reported 3 months ago.

DB:W2T Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 6,964.75 1,686.35 1,929.06
2018-09-30 6,964.75 1,686.35 1,929.06
2018-06-30 7,215.07 2,022.80 3,029.26
2018-03-31 7,215.07 2,022.80 3,029.26
2017-12-31 7,769.38 625.87 3,244.33
2017-09-30 7,769.38 625.87 3,244.33
2017-06-30 5,257.34 913.21 1,976.05
2017-03-31 5,257.34 913.21 1,976.05
2016-12-31 5,149.36 779.57 2,309.53
2016-09-30 5,149.36 779.57 2,309.53
2016-06-30 4,021.49 8.52 2,506.59
2016-03-31 4,021.49 8.52 2,506.59
2015-12-31 4,150.01 30.23 3,595.47
2015-09-30 4,150.01 30.23 3,595.47
2015-06-30 544.09 220.66 219.91
2015-03-31 544.09 220.66 219.91
2014-12-31 491.16 255.58 240.95
2014-09-30 491.16 255.58 240.95
2014-06-30 1,067.94 217.30 246.31
2014-03-31 1,067.94 217.30 246.31
2013-12-31 1,203.72 305.62 327.21
2013-09-30 1,203.72 305.62 327.21
2013-06-30 1,158.33 327.60 432.38
2013-03-31 1,158.33 327.60 432.38
2012-12-31 1,065.53 362.43 366.57
2012-09-30 1,065.53 362.43 366.57
2012-06-30 1,081.48 288.55 452.33
  • China Goldjoy Group's level of debt (24.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (25.3% vs 24.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess China Goldjoy Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Goldjoy Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

W2T Dividends

 What is China Goldjoy Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.65%
Current annual income from China Goldjoy Group dividends.
If you bought €2,000 of China Goldjoy Group shares you are expected to receive €13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Goldjoy Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • China Goldjoy Group's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
Upcoming dividend payment

Purchase China Goldjoy Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:W2T Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:W2T Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.002 0.619
2018-05-11 0.005 1.263
2017-05-12 0.003 0.566
2016-03-30 0.003 0.324
2016-03-11 0.003 0.279
2015-09-11 0.000 0.000
2015-08-21 0.000 0.000
2015-03-31 0.000 0.000
2015-03-13 0.000 0.000
2014-09-04 0.000 0.000
2014-08-22 0.000 0.000
2014-03-27 0.008 2.307
2014-03-14 0.008 1.655
2013-09-09 0.008 1.548
2013-08-23 0.008 1.358
2013-04-08 0.000 0.000
2013-03-15 0.000 0.000
2012-09-11 0.000 0.000
2012-08-24 0.000 0.000
2012-03-30 0.015 9.398
2012-03-16 0.007 3.453
2011-09-07 0.010 4.534
2011-08-26 0.005 1.998

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Goldjoy Group is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • China Goldjoy Group is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of China Goldjoy Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of China Goldjoy Group's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Goldjoy Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Goldjoy Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Goldjoy Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

W2T Management

 What is the CEO of China Goldjoy Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jianhui Yao
COMPENSATION HK$2,132,000
AGE 46
TENURE AS CEO 3.7 years
CEO Bio

Mr. Jianhui Yao has been the Executive Chairman of the Board and Chief Executive Officer of China Goldjoy Group Limited (formerly, World Wide Touch Technology (Holdings) Limited) since August 3, 2015. He serves as Executive Chairman of New Sports Group Limited since December 20, 2018. Mr. Yao has held senior management positions with a number of enterprises and a listed company across a wide range of industries, including food, construction materials, real estate, commerce, agriculture and forestry, logistics, technology and finance. From April 1995 to February 2002, he served as the general manager of Shenzhen Juhua Investment and Development Co., Ltd, a company principally engaged in the production of agricultural products, construction materials and real estate business. From March 2002 to March 2003, He acted as the executive vice president of Shenzhen Baoneng Investment Group Co., Ltd, a conglomerate principally engaged in real estate, logistics, cultural tourism and financial business. From March 2003 to July 2010, he was the executive deputy general manager, general manager and chairman of the board of directors of Shenzhen Shum Yip Logistics Group Holdings Co., Ltd., a company principally engaged in the provision of logistics services, product exhibition and trading and micro-lending. From July 2010 to October 2014, he served as the General Manager and Chairman of Baocheng InvestmentCo., Ltd. is principally engaged in the manufacturing of cables, hotel and trading business. He has been Chairman of Baoneng Holding (China) Co., Ltd. since June 2006. He served as Chairman of Baocheng Investment Co., Ltd from July 2010 to October 2014. He has been a Director of BIO-key International, Inc. since December 4, 2015. He has experience in technological and manufacturing industry, including managing a cable manufacturer which provides products to high-speed trains. He graduated from South China University of Technology, the People’s Republic of China (the ‘‘PRC’’) with a postgraduate (part-time) degree.

CEO Compensation
  • Jianhui's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Jianhui's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the China Goldjoy Group management team in years:

0.3
Average Tenure
44
Average Age
  • The average tenure for the China Goldjoy Group management team is less than 2 years, this suggests a new team.
Management Team

Jianhui Yao

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$2M
AGE
46
TENURE
3.7 yrs

Wei Huang

TITLE
Executive Director
COMPENSATION
HK$306K
AGE
44

Minbin Li

TITLE
VP & Executive Director
COMPENSATION
HK$2M
AGE
38

Chi Zhang

TITLE
Executive Director
AGE
29

Wan Lau

TITLE
Executive Vice Chairman of the Board
AGE
43
TENURE
0.1 yrs

Kelvin Wong

TITLE
Co-Founder & CTO
COMPENSATION
HK$1M
AGE
55
TENURE
22.3 yrs

Simon Ho

TITLE
CFO & Company Secretary
TENURE
0.3 yrs

Sai Chan

TITLE
Chief Operating Officer
AGE
43
TENURE
0.3 yrs

Ray Leung

TITLE
Vice President of Corporate Affairs & Communications
AGE
49

Anthony Yu

TITLE
Group Financial Controller
AGE
48
Board of Directors Tenure

Average tenure and age of the China Goldjoy Group board of directors in years:

3.7
Average Tenure
44
Average Age
  • The tenure for the China Goldjoy Group board of directors is about average.
Board of Directors

Jianhui Yao

TITLE
Chairman of the Board & CEO
COMPENSATION
HK$2M
AGE
46
TENURE
3.7 yrs

Wei Huang

TITLE
Executive Director
COMPENSATION
HK$306K
AGE
44
TENURE
3.7 yrs

Minbin Li

TITLE
VP & Executive Director
COMPENSATION
HK$2M
AGE
38
TENURE
3.7 yrs

Chi Zhang

TITLE
Executive Director
AGE
29
TENURE
1.8 yrs

Wan Lau

TITLE
Executive Vice Chairman of the Board
AGE
43
TENURE
0.8 yrs

Matthew Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
58
TENURE
9.4 yrs

Chun Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$372K
AGE
59
TENURE
9.4 yrs

Eddie Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$300K
AGE
53
TENURE
3.4 yrs

Kaiben Chen

TITLE
Non-Executive Director
AGE
32
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Nov 18 Buy Jianhui Yao Individual 01. Nov 18 01. Nov 18 440,000 €0.04 €16,016
30. Oct 18 Buy Jianhui Yao Individual 29. Oct 18 29. Oct 18 2,300,000 €0.04 €82,873
01. Nov 18 Buy Jianhui Yao Individual 31. Oct 18 31. Oct 18 988,000 €0.04 €35,663
31. Oct 18 Buy Jianhui Yao Individual 30. Oct 18 30. Oct 18 3,276,000 €0.04 €118,214
29. Oct 18 Buy Jianhui Yao Individual 26. Oct 18 26. Oct 18 496,000 €0.04 €18,063
26. Oct 18 Buy Jianhui Yao Individual 25. Oct 18 25. Oct 18 2,100,000 €0.04 €75,617
24. Oct 18 Buy Jianhui Yao Individual 24. Oct 18 24. Oct 18 1,212,000 €0.04 €44,137
23. Oct 18 Buy Jianhui Yao Individual 22. Oct 18 22. Oct 18 2,948,000 €0.04 €106,160
24. Oct 18 Buy Jianhui Yao Individual 23. Oct 18 23. Oct 18 6,424,000 €0.04 €231,071
22. Oct 18 Buy Jianhui Yao Individual 19. Oct 18 19. Oct 18 2,924,000 €0.04 €105,644
X
Management checks
We assess China Goldjoy Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Goldjoy Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

W2T News

Simply Wall St News

W2T Company Info

Description

China Goldjoy Group Limited, an investment holding company, engages in the automation, financial services, manufacturing, property investment and development, and securities investment businesses in the People’s Republic of China. The company engages in manufacturing and trading printed circuit board touch pads and lighting products; trading of automated production related equipment, software, machines and spare parts, and electronic products; and management and holding of patents, trademarks, and designs. It is also involved in investing and trading in shares and futures; provision of money lending, finance leasing, bullion trading, securities brokerage, asset management, and insurance services; property investment and development; investment management; construction, lighting engineering design, and import and export activities; consultation on corporate management; and research and development activities, as well as offers corporate management consulting and conducts research and development in health products. The company was formerly known as World Wide Touch Technology (Holdings) Limited and changed its name to China Goldjoy Group Limited in October 2015. China Goldjoy Group Limited was founded in 1996 and is headquartered in Admiralty, Hong Kong.

Details
Name: China Goldjoy Group Limited
W2T
Exchange: DB
Founded: 1996
HK$909,022,557
25,869,806,100
Website: http://www.hk1282.com
Address: China Goldjoy Group Limited
Lippo Centre,
19th Floor,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1282 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Dec 2010
DB W2T Ordinary Shares Deutsche Boerse AG DE EUR 15. Dec 2010
SHSC 1282 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 15. Dec 2010
SZSC 1282 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Dec 2010
Number of employees
Current staff
Staff numbers
752
China Goldjoy Group employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 21:53
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.