Wuxi Sunlit Science and Technology
Market Cap
HK$143.4m
Last Updated
2020/02/18 13:27 UTC
Data Sources
Company Financials
Executive Summary
Wuxi Sunlit Science and Technology Company Limited engages in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People’s Republic of China.
Risk Analysis
+ 1 more risk
Snowflake Analysis
Flawless balance sheet unattractive dividend payer.
Share Price & News
How has Wuxi Sunlit Science and Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1289 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
6.7%
1289
4.7%
HK Machinery
2.9%
HK Market
1 Year Return
-38.1%
1289
21.7%
HK Machinery
-3.8%
HK Market
Return vs Industry: 1289 underperformed the Hong Kong Machinery industry which returned 21.7% over the past year.
Return vs Market: 1289 underperformed the Hong Kong Market which returned -3.8% over the past year.
Shareholder returns
| 1289 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.7% | 4.7% | 2.9% |
| 30 Day | -6.7% | -1.5% | -4.1% |
| 90 Day | 2.8% | 10.9% | 2.9% |
| 1 Year | -36.0%-38.1% | 25.3%21.7% | -0.2%-3.8% |
| 3 Year | -69.2%-71.6% | 63.1%52.7% | 15.3%3.7% |
| 5 Year | -85.8%-87.2% | 68.1%53.5% | 16.8%-2.7% |
Price Volatility Vs. Market
How volatile is Wuxi Sunlit Science and Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
How Should Investors React To Wuxi Sunlit Science and Technology Company Limited's (HKG:1289) CEO Pay?3 weeks ago | Simply Wall St
We Wouldn't Rely On Wuxi Sunlit Science and Technology's (HKG:1289) Statutory Earnings As A GuideValuation
Is Wuxi Sunlit Science and Technology undervalued compared to its fair value and its price relative to the market?
16.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 1289 (HK$1.12) is trading above our estimate of fair value (HK$0.65)
Significantly Below Fair Value: 1289 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 1289 is poor value based on its PE Ratio (16.3x) compared to the Machinery industry average (10.3x).
PE vs Market: 1289 is poor value based on its PE Ratio (16.3x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1289's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1289 is good value based on its PB Ratio (0.2x) compared to the HK Machinery industry average (1x).
Next Steps
Future Growth
How is Wuxi Sunlit Science and Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
10.9%
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wuxi Sunlit Science and Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Wuxi Sunlit Science and Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Wuxi Sunlit Science and Technology competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has Wuxi Sunlit Science and Technology performed over the past 5 years?
-6.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1289 has a large one-off gain of CN¥2.6M impacting its June 30 2019 financial results.
Growing Profit Margin: 1289's current net profit margins (6.9%) are lower than last year (30.5%).
Past Earnings Growth Analysis
Earnings Trend: 1289's earnings have declined by -6.2% per year over the past 5 years.
Accelerating Growth: 1289's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1289 had negative earnings growth (-88.3%) over the past year, making it difficult to compare to the Machinery industry average (7.3%).
Return on Equity
High ROE: 1289's Return on Equity (1.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Wuxi Sunlit Science and Technology's financial position?
Financial Position Analysis
Short Term Liabilities: 1289's short term assets (CN¥613.9M) exceed its short term liabilities (CN¥138.4M).
Long Term Liabilities: 1289 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1289 is debt free.
Reducing Debt: 1289 has no debt compared to 5 years ago when its debt to equity ratio was 9.9%.
Debt Coverage: 1289 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1289 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 1289 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 1289's debt is covered by short term assets.
Next Steps
Dividend
What is Wuxi Sunlit Science and Technology's current dividend yield, its reliability and sustainability?
4.97%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1289's dividend (4.97%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 1289's dividend (4.97%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.33%).
Stability and Growth of Payments
Stable Dividend: 1289 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1289 has only been paying a dividend for 5 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81.1%), 1289's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Deqiang Zhang (50yo)
8.9yrs
Tenure
CN¥583,000
Compensation
Mr. Deqiang Zhang has been General Manager and Executive Director of Wuxi Sunlit Science and Technology Company Limited since March 2011 and July 24, 2012 respectively. Mr. Zhang is one of the founders of ...
CEO Compensation Analysis
Compensation vs Market: Deqiang's total compensation ($USD83.51K) is below average for companies of similar size in the Hong Kong market ($USD225.53K).
Compensation vs Earnings: Deqiang's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.6yrs | CN¥586.00k | 33.77% CN¥48.4m | |
| GM & Executive Director | 8.9yrs | CN¥583.00k | 23.42% CN¥33.6m | |
| CFO & Financial Controller | 4.5yrs | no data | no data | |
| Personnel & General Affairs Manager and Supervisor | 7.6yrs | CN¥154.00k | no data | |
| Deputy General Manager | 3.3yrs | no data | no data | |
| Company Secretary | 6.5yrs | no data | no data |
5.5yrs
Average Tenure
48.5yo
Average Age
Experienced Management: 1289's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 7.6yrs | CN¥586.00k | 33.77% CN¥48.4m | |
| GM & Executive Director | 8.9yrs | CN¥583.00k | 23.42% CN¥33.6m | |
| Personnel & General Affairs Manager and Supervisor | 7.6yrs | CN¥154.00k | no data | |
| Independent Non-Executive Director | 6.5yrs | CN¥100.00k | no data | |
| Non-Executive Director | 6.5yrs | no data | 3.15% CN¥4.5m | |
| Non-Executive Director | 7.6yrs | no data | no data | |
| Independent Non-Executive Director | 7.6yrs | CN¥100.00k | no data | |
| Independent Non-Executive Director | 6.5yrs | CN¥100.00k | no data | |
| Chairman of the Board of Supervisors | 0yrs | no data | no data | |
| Supervisor | 5.5yrs | no data | no data |
7.6yrs
Average Tenure
51yo
Average Age
Experienced Board: 1289's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Wuxi Sunlit Science and Technology Company Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Wuxi Sunlit Science and Technology Company Limited
- Ticker: 1289
- Exchange: SEHK
- Founded: 2006
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: HK$143.360m
- Shares outstanding: 128.00m
- Website: https://www.wxsunlit.com
Number of Employees
Location
- Wuxi Sunlit Science and Technology Company Limited
- 1 Yanxin Road East
- Huishan Economic Development Zone
- Wuxi
- Jiangsu Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1289 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Foreign Shares-Foreign Listed | HK | HKD | Nov 2014 |
Biography
Wuxi Sunlit Science and Technology Company Limited engages in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People’s Republic of China. Its products include brass electroplating wire production lines, intermediate wire heat treatment lines, wire rod pretreatment lines, double-twist stranding machines, and wet drawing machines, as well as other machines, such as grinding mills, angle grinders, grinding machines, chemical corrosion-resistant troughs, steel wire surface induction heating diffusion equipment, and heat-treatment lead pots. The company is also involved in the trading of machinery products; and software development and software patent rights trading activities. Its products are used in various industries, including radial tire cords, bead wires, sawing wires, hose wires, precision steel wires, and others. The company was founded in 2006 and is headquartered in Wuxi, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/18 13:27 |
| End of Day Share Price | 2020/02/17 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.