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Launch Tech

SEHK:2488
Snowflake Description

Flawless balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2488
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

Launch Tech Company Limited, together with its subsidiaries, provides products and services to the automotive aftermarket and the automobile industry in the People's Republic of China and internationally. The last earnings update was 58 days ago. More info.


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2488 Share Price and Events
7 Day Returns
-1.9%
SEHK:2488
-1.3%
HK Auto Components
-0.2%
HK Market
1 Year Returns
-20.3%
SEHK:2488
-26.2%
HK Auto Components
-6.6%
HK Market
2488 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Launch Tech (2488) -1.9% -0.4% -1.7% -20.3% -17.8% 32.1%
HK Auto Components -1.3% -4.4% -12.8% -26.2% 2.1% 23.9%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 2488 outperformed the Auto Components industry which returned -26.2% over the past year.
  • 2488 underperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
2488
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Launch Tech's competitors could be found in our database.

Value

 Is Launch Tech 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
  • It is not possible to calculate the future cash flow value for Launch Tech. This is due to cash flow or dividend data being unavailable. The share price is HK$6.87.
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 Launch Tech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Launch Tech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2488 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.16
SEHK:2488 Share Price ** SEHK (2019-06-26) in HKD HK$6.87
SEHK:2488 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥6.05
Hong Kong Auto Components Industry PE Ratio Median Figure of 20 Publicly-Listed Auto Components Companies 10.3x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

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

** Primary Listing of Launch Tech.

SEHK:2488 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2488 Share Price ÷ EPS (both in CNY)

= 6.05 ÷ 0.16

38.47x

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

  • Launch Tech is overvalued based on earnings compared to the HK Auto Components industry average.
  • Launch Tech is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Launch Tech's expected growth come at a high price?
Raw Data
SEHK:2488 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
16.7%per year
Hong Kong Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.55x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*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 Launch Tech, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Launch Tech's assets?
Raw Data
SEHK:2488 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.67
SEHK:2488 Share Price * SEHK (2019-06-26) in HKD HK$6.87
SEHK:2488 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥6.05
Hong Kong Auto Components Industry PB Ratio Median Figure of 25 Publicly-Listed Auto Components Companies 1.37x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:2488 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2488 Share Price ÷ Book Value per Share (both in CNY)

= 6.05 ÷ 2.67

2.27x

* Primary Listing of Launch Tech.

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

  • Launch Tech is overvalued based on assets compared to the HK Auto Components industry average.
X
Value checks
We assess Launch Tech'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Launch Tech has a total score of 0/6, 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.

Future Performance

 How is Launch Tech expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Launch Tech, 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
16.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Launch Tech expected to grow at an attractive rate?
  • Launch Tech's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Launch Tech's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Launch Tech's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2488 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2488 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 16.7%
Hong Kong Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
Hong Kong Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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
SEHK:2488 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2488 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,049 76 59
2018-09-30 981 48
2018-06-30 914 37
2018-03-31 946 49
2017-12-31 978 157 60
2017-09-30 952 72
2017-06-30 926 84
2017-03-31 881 53
2016-12-31 835 108 21
2016-09-30 796 -32
2016-06-30 757 -86
2016-03-31 727 -90

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Launch Tech's earnings are expected to grow by 16.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Launch Tech 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
SEHK:2488 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Launch Tech Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2488 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.16
2018-09-30 0.13
2018-06-30 0.10
2018-03-31 0.14
2017-12-31 0.17
2017-09-30 0.21
2017-06-30 0.26
2017-03-31 0.16
2016-12-31 0.07
2016-09-30 -0.10
2016-06-30 -0.27
2016-03-31 -0.29

*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 Launch Tech will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Launch Tech'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Launch Tech 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.

Past Performance

  How has Launch Tech 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 Launch Tech's growth in the last year to its industry (Auto Components).
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.
  • Launch Tech has delivered over 20% year on year earnings growth in the past 5 years.
  • Launch Tech's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Launch Tech's 1-year earnings growth is negative, it can't be compared to the HK Auto Components industry average.
Earnings and Revenue History
Launch Tech'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 Launch Tech Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2488 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,048.54 58.91 222.31 156.22
2018-09-30 981.24 48.07 223.24 139.63
2018-06-30 913.93 37.23 346.94
2018-03-31 945.95 48.65 336.96
2017-12-31 977.97 60.08 204.20 123.03
2017-09-30 952.17 72.14 253.97 61.51
2017-06-30 926.37 84.21 303.73
2017-03-31 880.71 52.81 323.94
2016-12-31 835.05 21.41 344.14
2016-09-30 796.16 -32.47 354.91
2016-06-30 757.26 -86.35 365.69
2016-03-31 727.43 -90.12 359.69
2015-12-31 697.60 -93.90 353.69
2015-09-30 702.52 -86.12 319.25
2015-06-30 707.45 -78.33 284.82
2015-03-31 719.31 -62.64 264.52
2014-12-31 731.17 -46.94 244.23
2014-09-30 723.65 -18.76 235.20
2014-06-30 716.13 9.42 226.18
2014-03-31 697.13 8.23 211.31
2013-12-31 678.14 7.03 196.45
2013-09-30 627.61 -40.85 196.35
2013-06-30 577.08 -88.74 196.24
2013-03-31 594.78 -66.16 195.59
2012-12-31 612.48 -43.57 194.93
2012-09-30 689.85 42.26 196.14 -8.63
2012-06-30 767.23 128.08 197.34 -17.25

*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.
  • Launch Tech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Launch Tech used its assets less efficiently than the HK Auto Components industry average last year based on Return on Assets.
  • Launch Tech has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Launch Tech'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 Auto Components 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.
Launch Tech has a total score of 2/6, 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.

Health

 How is Launch Tech'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 Launch Tech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Launch Tech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Launch Tech's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Launch Tech'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x 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 Launch Tech Company Filings, last reported 5 months ago.

SEHK:2488 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 969.28 285.59 319.39
2018-09-30 969.28 285.59 319.39
2018-06-30 1,012.47 353.44 423.85
2018-03-31 1,012.47 353.44 423.85
2017-12-31 1,084.82 288.88 538.01
2017-09-30 1,084.82 288.88 538.01
2017-06-30 765.59 292.18 311.66
2017-03-31 765.59 292.18 311.66
2016-12-31 723.38 385.56 279.29
2016-09-30 723.38 385.56 279.29
2016-06-30 681.96 386.44 154.38
2016-03-31 681.96 386.44 154.38
2015-12-31 702.63 562.43 415.46
2015-09-30 702.63 562.43 415.46
2015-06-30 553.51 514.61 267.07
2015-03-31 553.51 514.61 267.07
2014-12-31 578.86 614.33 393.80
2014-09-30 578.86 614.33 393.80
2014-06-30 627.65 508.21 321.53
2014-03-31 627.65 508.21 321.53
2013-12-31 622.88 529.23 315.24
2013-09-30 622.88 529.23 315.24
2013-06-30 617.96 486.99 388.37
2013-03-31 617.96 486.99 388.37
2012-12-31 615.95 441.40 301.16
2012-09-30 615.95 441.40 301.16
2012-06-30 766.77 331.18 430.58
  • Launch Tech's level of debt (29.5%) 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 (84.9% vs 29.5% today).
  • Debt is well covered by operating cash flow (26.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).
X
Financial health checks
We assess Launch Tech'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. Launch Tech has a total score of 6/6, 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.

Dividends

 What is Launch Tech'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
1.65%
Current annual income from Launch Tech dividends.
If you bought HK$2,000 of Launch Tech shares you are expected to receive HK$33 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?
  • Launch Tech's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • Launch Tech's dividend is below the markets top 25% of dividend payers in Hong Kong (5.89%).
Upcoming dividend payment

Purchase Launch Tech 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
SEHK:2488 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
Hong Kong Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

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

SEHK:2488 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.100 1.667
2019-03-28 0.100 1.647
2018-04-27 0.200 3.036
2018-03-28 0.200 2.703
2017-09-28 0.200 2.649
2017-07-24 0.200 2.458
2011-09-20 0.000 0.000
2011-08-31 0.000 0.000
2011-03-03 0.000 0.000
2010-04-01 0.060 1.407
2009-11-13 0.000 0.000
2009-08-13 0.000 0.000
2009-08-12 0.000 0.000
2009-05-15 0.000 0.000
2009-05-14 0.000 0.000
2009-04-01 0.000 0.000

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

  • Launch Tech has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Launch Tech only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Launch Tech's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
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 Launch Tech's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Launch Tech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Launch Tech has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Launch Tech'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
Charles Liu
COMPENSATION CN¥2,039,620
AGE 49
CEO Bio

Mr. Jun Liu, also known as Charles, serves as Executive Vice President of Lenovo Group Limited and has been its President of Lenovo China since June 8, 2017. Mr. Liu served as Executive Vice President and President of Mobile Business Group at Lenovo Group Limited. Mr. Liu joined Lenovo Group Ltd in 1993 and is responsible for driving its rapid growth in smartphones, tablets and smart televisions. He is a Co-founder of Launch Tech Company Ltd and has been its Chief Executive Officer, General Manager and Compliance officer since 1993. He is responsible for the day-to-day operations of Launch Tech Company and also supervises its R&D and finance. He has been Chief Financial Officer of Bluepoint Linux Software Corp. since February 29, 2008 and serves as its Principal Accounting Officer and Secretary. has been Chairman of Management Board at Motorola Mobility Holdings, Inc. since October 2014. He served as Senior Vice President of Lenovo Group Ltd. He served as the Head of Launch Tech Company Ltd.'s R&D department and headed the development of the first generation of Electronic Eye in November 1994. He served as Senior Vice President of IDEA Product Group at Lenovo Group Ltd., and also served as its Senior Vice President and President of the Product Groups. He served as President of Consumer Business Group and Senior Vice President of Lenovo Group Ltd. since October 2007. Mr. Liu served as President of the New Mobile Internet & Digital Home Group and Products Group at Lenovo Group Ltd. He was responsible for driving Lenovo's mainstream consumer/commercial desktop, notebook and tablet businesses and also the growth across the Mobile Internet & Digital Home portfolio including smartphone and smart TV. He served as President of Bluepoint Linux Software Corp., since April 9, 2003. He served as Senior Vice President of IT Business and Computer Sales, Senior Vice President of Global Supply Chain of Lenovo Group Ltd. He served as Senior Vice President and Chief Operating Officer of Lenovo China and has responsibility for profit/loss and all aspects of the business. He served as Senior Vice President of Legend Group Limited. Mr. Liu held a broad range of leadership positions in Lenovo leader of R&D, corporate strategy, the desktop PC business unit and global supply chain. From 1992 to 1993, he served as Engineer of ShenZhen Shangda Tech & Electron Co., Ltd. Mr. Liu has attained outstanding achievement in computer sales and has extensive experience in computer business. Mr. Liu has extensive experience in the operation of IT business and corporate strategy management. He has around 10 years of experience in corporate management, business development and product development in automotive diagnostic and testing industries. He held various senior positions for PC design & development, desktop computer business unit, consumer IT business group, corporate operation and corporate strategy. He served as the Chairman of Launch Tech Company Ltd. He has been a Director of Bluepoint Linux Software Corp. since July 2002 and Executive Director of Launch Tech Company Ltd since June 20, 1996. He is the Co-Chairman at ShenQi. He was honored as one of the Shenzhen Ten Outstanding Young Technology Experts in 1998. Mr. Liu holds a Bachelor’s degree in Automation in 1993 and an EMBA in 2005 both from Tsinghua University and completed executive programs at Harvard University and Stanford University.

CEO Compensation
  • Charles's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Charles's remuneration is about average for companies of similar size in Hong Kong.
Management Team

Louis Liu

TITLE
Founder & Chairman
COMPENSATION
CN¥2M
AGE
50

Charles Liu

TITLE
Co-Founder
COMPENSATION
CN¥2M
AGE
49

Shiwen Jiang

TITLE
Chief Information Officer & Executive Director
COMPENSATION
CN¥717K
AGE
45

Zhao Huan Huang

TITLE
Head of Domestic Marketing Centre & Executive Director
COMPENSATION
CN¥513K
AGE
53

Robin Liu

TITLE
Financial Controller & Company Secretary
AGE
43

Wei Zhang

TITLE
Chief Technology Officer
COMPENSATION
CN¥527K
AGE
47
Board of Directors Tenure

Average tenure and age of the Launch Tech board of directors in years:

8.3
Average Tenure
45.5
Average Age
  • The tenure for the Launch Tech board of directors is about average.
Board of Directors

Charles Liu

TITLE
Co-Founder
COMPENSATION
CN¥2M
AGE
49
TENURE
23 yrs

Shiwen Jiang

TITLE
Chief Information Officer & Executive Director
COMPENSATION
CN¥717K
AGE
45
TENURE
8.3 yrs

Zhao Huan Huang

TITLE
Head of Domestic Marketing Centre & Executive Director
COMPENSATION
CN¥513K
AGE
53
TENURE
8.3 yrs

Yuan Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
43
TENURE
9.3 yrs

Louis Liu

TITLE
Founder & Chairman
COMPENSATION
CN¥2M
AGE
50

Yan Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
36
TENURE
5 yrs

Bo Ning

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥50K
AGE
41
TENURE
4 yrs

Hui Xia

TITLE
Non-Executive Director
COMPENSATION
CN¥50K
AGE
45
TENURE
1 yrs

Xuan Du

TITLE
Supervisor
COMPENSATION
CN¥10K
AGE
54
TENURE
9.3 yrs

Yi Yang

TITLE
Supervisor
AGE
46
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
25. Oct 18 Sell Industrial and Commercial Bank of China Limited, Asset Management Arm Company 25. Oct 18 25. Oct 18 -76,500 HK$7.95 HK$-607,823
27. Aug 18 Sell Industrial and Commercial Bank of China Limited, Asset Management Arm Company 27. Aug 18 27. Aug 18 -56,500 HK$8.53 HK$-481,889
06. Aug 18 Sell Industrial and Commercial Bank of China Limited, Asset Management Arm Company 06. Aug 18 06. Aug 18 -100,000 HK$8.94 HK$-893,970
X
Management checks
We assess Launch Tech'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. Launch Tech 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.

News

Simply Wall St News

Is Launch Tech Company Limited's (HKG:2488) 3.7% Worse Than Average?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Launch Tech Company Limited (HKG:2488). … Over the last twelve months Launch Tech has recorded a ROE of 3.7%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What does Launch Tech Company Limited's (HKG:2488) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Launch Tech Company Limited (HKG:2488), with a market cap of CN¥3.34b. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Is Launch Tech Company Limited (HKG:2488) A Sell At Its Current PE Ratio?

and want to better understand how you can grow your money by investing in Launch Tech Company Limited (HKG:2488). … Launch Tech Company Limited (HKG:2488) is trading with a trailing P/E of 43.1x, which is higher than the industry average of 10.9x. … While 2488 might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

Company Info

Description

Launch Tech Company Limited, together with its subsidiaries, provides products and services to the automotive aftermarket and the automobile industry in the People's Republic of China and internationally. It operates through three segments: Automotive Diagnosis, Lift, and Overseas Sales. The company is involved in the research and development, production, and sale of car diagnosis, testing, and maintenance equipment; development, production, and sale of automotive diagnosis, inspection, repair, and maintenance software; development, production, and sale of auto electronic products; and provision of information network services. It also develops, trades in, and sells computer software and hardware, and peripherals; provides consulting services of electronic products and technical; and provides health care management consultation and health care products development services. In addition, the company provides mobile phones and communication products; electronic products development and distribution; chip development and distribution; goods and technologies import and export, and agencies; computer software and hardware technology development, distribution, and sale; computer network projects; computer graphic design; corporate image planning; and Internet information consultation services. Further, it engages in the production of automobiles maintenance machines and equipment, and automobile warranty machines, such as automobile spray booths, tire balancers, tire changers, 4-wheel aligners, frame racks, and automobile testing lines; purchase and sale of computer software and hardware; and development and sale of computer software, information system software, and car sharing technology. The company was founded in 1992 and is based in Shenzhen, the People’s Republic of China.

Details
Name: Launch Tech Company Limited
2488
Exchange: SEHK
Founded: 1992
HK$2,463,634,620
360,180,500
Website: http://www.cnlaunch.com
Address: Launch Tech Company Limited
Launch Industrial Park,
North of Wuhe Road,
Shenzhen,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2488 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 07. Oct 2002
Number of employees
Current staff
Staff numbers
1,330
Launch Tech employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:42
End of day share price update: 2019/06/26 00:00
Last earnings filing: 2019/04/29
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.