Hebei Yichen Industrial Group

SEHK:1596

Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

1596

SEHK

HK$4B

Market Cap

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Last updated 2019/04/24 13:02

Company description

Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in China and internationally. The last earnings update was 230 days ago. More info.

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Hebei Yichen Industrial Group has significant price volatility in the past 3 months.

1596 Share Price and Events

7 Day Returns

SEHK:1596

-3%

HK Machinery

-0.9%

HK Market

1 Year Returns

-43.3%

SEHK:1596

10.1%

HK Machinery

-6.3%

HK Market

1596 Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Hebei Yichen Industrial Group (1596)	0%	-1%	-16.3%	-43.3%	-	-
HK Machinery	-3%	4.8%	25.5%	10.1%	65.5%	40.9%
HK Market	-0.9%	1.7%	10.8%	-6.3%	27.3%	20.1%

1 Year Return vs Industry and Market

1596 underperformed the Machinery industry which returned 10.1% over the past year.
1596 underperformed the Market in Hong Kong which returned -6.3% over the past year.

Price Volatility

1596

Industry

5yr Volatility vs Market

Related Companies

Sorry, no analysis for Hebei Yichen Industrial Group's competitors could be found in our database.

Value

Is Hebei Yichen Industrial 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

It is not possible to calculate the future cash flow value for Hebei Yichen Industrial Group. This is due to cash flow or dividend data being unavailable. The share price is HK$4.

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 Hebei Yichen Industrial Group's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Hebei Yichen Industrial Group's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

SEHK:1596 PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-06-30) in CNY	CN¥0.17
SEHK:1596 Share Price **	SEHK (2019-03-28) in HKD	HK$4
SEHK:1596 Share Price converted to CNY reporting currency	Exchange rate (HKD/ CNY) 0.857	CN¥3.43
Hong Kong Machinery Industry PE Ratio	Median Figure of 32 Publicly-Listed Machinery Companies	10.13x
Hong Kong Market PE Ratio	Median Figure of 1,474 Publicly-Listed Companies	12.13x

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

** Primary Listing of Hebei Yichen Industrial Group.

SEHK:1596 PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= SEHK:1596 Share Price ÷ EPS (both in CNY) = 3.43 ÷ 0.17	19.65x

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

Hebei Yichen Industrial Group is overvalued based on earnings compared to the HK Machinery industry average.
Hebei Yichen Industrial Group is overvalued based on earnings compared to the Hong Kong market.

Price based on expected Growth

Does Hebei Yichen Industrial Group's expected growth come at a high price?

Raw Data

SEHK:1596 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	19.65x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	0.3%per year
Hong Kong Machinery Industry PEG Ratio	Median Figure of 11 Publicly-Listed Machinery Companies	0.91x
Hong Kong Market PEG Ratio	Median Figure of 463 Publicly-Listed Companies	0.87x

*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 Hebei Yichen Industrial Group, we can't assess if its growth is good value.

Price based on value of assets

What value do investors place on Hebei Yichen Industrial Group's assets?

Raw Data

SEHK:1596 PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-06-30) in CNY	CN¥1.95
SEHK:1596 Share Price *	SEHK (2019-03-28) in HKD	HK$4
SEHK:1596 Share Price converted to CNY reporting currency	Exchange rate (HKD/ CNY) 0.857	CN¥3.43
Hong Kong Machinery Industry PB Ratio	Median Figure of 46 Publicly-Listed Machinery Companies	0.87x
Hong Kong Market PB Ratio	Median Figure of 2,150 Publicly-Listed Companies	1.02x

SEHK:1596 PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= SEHK:1596 Share Price ÷ Book Value per Share (both in CNY) = 3.43 ÷ 1.95	1.76x

* Primary Listing of Hebei Yichen Industrial Group.

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

Hebei Yichen Industrial Group is overvalued based on assets compared to the HK Machinery industry average.

Value checks

We assess Hebei Yichen Industrial Group's value by looking at:

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. )
Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)

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

Future Performance

How is Hebei Yichen Industrial Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

No analysts cover Hebei Yichen Industrial 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!

0.3%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Hebei Yichen Industrial Group expected to grow at an attractive rate?

Hebei Yichen Industrial Group's earnings growth is positive but not above the low risk savings rate of 2%.

Growth vs Market Checks

Hebei Yichen Industrial Group's earnings growth is positive but not above the Hong Kong market average.
Unable to compare Hebei Yichen Industrial Group's revenue growth to the Hong Kong market average as no estimate data is available.

Annual Growth Rates Comparison

Raw Data

SEHK:1596 Future Growth Rates Data Sources
Data Point	Source	Value (per year)
SEHK:1596 Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	0.3%
Hong Kong Machinery Industry Earnings Growth Rate	Market Cap Weighted Average	13.3%
Hong Kong Machinery Industry Revenue Growth Rate	Market Cap Weighted Average	10.1%
Hong Kong Market Earnings Growth Rate	Market Cap Weighted Average	11.7%
Hong Kong Market Revenue Growth Rate	Market Cap Weighted Average	11.1%

*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:1596 Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (9 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:1596 Future Estimates Data
Date (Data in CNY Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts

SEHK:1596 Past Financials Data
Date (Data in CNY Millions)	Revenue	Cash Flow	Net Income *
2018-06-30	1,019	59	157
2018-03-31	992	-5	166
2017-12-31	966	-68	176
2017-09-30	1,002	-111	226
2017-06-30	1,039	-154	275
2017-03-31	1,037	-50	290
2016-12-31	1,035	54	306
2016-09-30	1,013	115	293
2016-06-30	991	176	279
2016-03-31	949	137	254
2015-12-31	907	97	228

*GAAP earnings excluding extraordinary items.

High Growth Checks

Hebei Yichen Industrial Group's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
Unable to determine if Hebei Yichen Industrial 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

SEHK:1596 Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (9 months ago)	See Below
Future Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below

All data from Hebei Yichen Industrial Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1596 Future Estimates Data
Date (Data in CNY Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts

SEHK:1596 Past Financials Data
Date (Data in CNY Millions)	EPS *
2018-06-30	0.17
2018-03-31	0.19
2017-12-31	0.20
2017-09-30	0.27
2017-06-30	0.35
2017-03-31	0.39
2016-12-31	0.45
2016-09-30	0.43
2016-06-30	0.41
2016-03-31	0.38
2015-12-31	0.34

*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 Hebei Yichen Industrial Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Future performance checks

We assess Hebei Yichen Industrial Group's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
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.
Hebei Yichen Industrial Group has a total score of 0/6, 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 Hebei Yichen Industrial Group performed over the past 5 years?

Hebei Yichen Industrial Group's last earnings update was 230 days ago.

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 Hebei Yichen Industrial Group's growth in the last year to its industry (Machinery).

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.

Hebei Yichen Industrial Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
Hebei Yichen Industrial Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
Hebei Yichen Industrial Group's 1-year earnings growth is negative, it can't be compared to the HK Machinery industry average.

Earnings and Revenue History

Hebei Yichen Industrial 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 Hebei Yichen Industrial Group Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1596 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions)	Revenue	Net Income *	G+A Expenses
2018-06-30	1,018.65	156.70	117.18
2018-03-31	992.27	166.39	113.60
2017-12-31	965.90	176.08	110.02
2017-09-30	1,002.48	225.55	105.58
2017-06-30	1,039.07	275.01	107.07
2017-03-31	1,037.25	290.43	110.22
2016-12-31	1,035.43	305.86	113.38
2016-09-30	1,013.36	292.51	114.36
2016-06-30	991.30	279.16	115.34
2016-03-31	949.17	253.62	110.01
2015-12-31	907.05	228.07	104.67
2014-12-31	854.78	188.41	89.74
2013-12-31	609.32	67.17	89.37

*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.

Hebei Yichen Industrial Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Hebei Yichen Industrial Group used its assets more efficiently than the HK Machinery industry average last year based on Return on Assets.
Hebei Yichen Industrial Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Past performance checks

We assess Hebei Yichen Industrial Group's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Hebei Yichen Industrial Group 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 Hebei Yichen Industrial 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 Hebei Yichen Industrial Group's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Hebei Yichen Industrial Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Hebei Yichen Industrial Group's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Hebei Yichen Industrial 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 7.1x 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 Hebei Yichen Industrial Group Company Filings, last reported 9 months ago.

SEHK:1596 Past Debt and Equity Data
Date (Data in CNY Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-06-30	1,826.56	303.44	319.18
2018-03-31	1,826.56	303.44	319.18
2017-12-31	1,736.10	366.90	430.99
2017-09-30	1,736.10	366.90	430.99
2017-06-30	1,616.07	310.97	528.48
2017-03-31	1,616.07	310.97	528.48
2016-12-31	1,637.56	371.41	786.31
2016-09-30	1,637.56	371.41	786.31
2016-06-30	922.79	307.48	202.76
2016-03-31	922.79	307.48	202.76
2015-12-31	838.70	273.06	85.54
2014-12-31	623.45	232.02	44.15
2013-12-31	444.60	345.33	38.06

Hebei Yichen Industrial Group's level of debt (16.6%) compared to net worth is satisfactory (less than 40%).
Unable to establish if Hebei Yichen Industrial Group's debt level has increased without past 5-year debt data.
Debt is not well covered by operating cash flow (19.4%, less than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 14.8x coverage).

Show me more healthy companies in the Machinery industry

Financial health checks

We assess Hebei Yichen Industrial Group's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
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 Hebei Yichen Industrial 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

0.57%

Current annual income from Hebei Yichen Industrial Group dividends.

If you bought HK$2,000 of Hebei Yichen Industrial Group shares you are expected to receive HK$11 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?

Hebei Yichen Industrial Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (1.96%).
Hebei Yichen Industrial Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.38%).

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:1596 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 Machinery Industry Average Dividend Yield	Market Cap Weighted Average of 24 Stocks	4.8%
Hong Kong Market Average Dividend Yield	Market Cap Weighted Average of 966 Stocks	3.4%
Hong Kong Minimum Threshold Dividend Yield	10th Percentile	1.1%
Hong Kong Bottom 25% Dividend Yield	25th Percentile	2%
Hong Kong Top 25% Dividend Yield	75th Percentile	5.4%

Industry and Market average data is calculated daily.

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

SEHK:1596 Future Dividends Estimate Data
Date (Data in CN¥)	Dividend per Share (annual)	Avg. No. Analysts

SEHK:1596 Past Annualized Dividends Data
Date (Data in CN¥)	Dividend per share (annual)	Avg. Yield (%)
2018-05-21	0.020	0.424
2017-05-26	0.167	3.734

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

Hebei Yichen Industrial Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
Hebei Yichen Industrial Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.

Current Payout to shareholders

What portion of Hebei Yichen Industrial Group's earnings are paid to the shareholders as a dividend.

No need to calculate the sustainability of Hebei Yichen Industrial Group's dividends as it is not paying a notable one for Hong Kong.

Future Payout to shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.

Income/ dividend checks

We assess Hebei Yichen Industrial Group's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Hebei Yichen Industrial Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

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

Management

What is the CEO of Hebei Yichen Industrial 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

Ligang Zhang

COMPENSATION	CN¥237,000
AGE	46

CEO Bio

Mr. Ligang Zhang serves as Chief Executive Officer and General Manager of Hebei Yichen Industrial Group Co., Ltd., and has been its Executive Director since January 1, 2012. Mr. Zhang is responsible for the overall day-to-day marketing, sales and operational management at Hebei Yichen. Mr. Zhang has been the sole director and legal representative of Yichen Railway since October 2000. From March 1990 to February 1996, Mr. Zhang was employed with Hebei Province Gaocheng City Lianzhou Rolling Mill, a collectively owned enterprise in the PRC engaged in the manufacture of rolling steel products, in which Mr. Zhang served as a worker and then as an accountant with operational and financial management responsibilities. From March 1996 to March 2001, he was employed with Gaocheng City Railway Works Equipment Factory, which was principally engaged in manufacture of railway works equipments, in which he served as a salesperson and was responsible for handling sales and marketing matters. He served as the deputy general manager of Hebei since April 2001 and was general manager since July 2015 with responsibilities for the overall business and operational management. He is a qualified engineer and assistant accountant in the PRC. He graduated from Gaocheng City Adult Vocational Secondary School in the PRC with a diploma in accounting in July 1995 and from Hebei Province Township Enterprise Workers Vocational Secondary School in the PRC with a part time diploma in corporate management in January 1999. Mr. Zhang graduated from Shijiazhuang City Technology Cadre Education Institute in the PRC with a diploma in machinery in December 2001.

CEO Compensation

Ligang's compensation has been consistent with company performance over the past year.
Ligang's remuneration is lower than average for companies of similar size in Hong Kong.

Management Team Tenure

Average tenure and age of the Hebei Yichen Industrial Group management team in years:

8.3

Average Tenure

53.5

Average Age

The average tenure for the Hebei Yichen Industrial Group management team is over 5 years, this suggests they are a seasoned and experienced team.

33

TENURE

7.3 yrs

Lihuan Zhang

3.3 yrs

Yanfeng Zhang

TITLE

Deputy Head of Finance Department

Board of Directors Tenure

Average tenure and age of the Hebei Yichen Industrial Group board of directors in years:

3.8

Average Tenure

48.5

Average Age

The tenure for the Hebei Yichen Industrial Group board of directors is about average.

Recent Insider Trading

Hebei Yichen Industrial Group insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Announced	Type	Name	Entity	Start	End	Shares	Max Price (HK$)	Value (HK$)
15. Mar 19	Sell	Zhong Yan Guo	Individual	12. Mar 19	12. Mar 19	-3,000,000	HK$3.30	HK$-9,900,004
28. Feb 19	Sell	Sino Wealthy Limited, Asset Management Arm	Company	22. Feb 19	22. Feb 19	-6,300,000	HK$2.25	HK$-14,151,676
28. Feb 19	Sell	Zhong Yan Guo	Individual	22. Feb 19	22. Feb 19	-3,040,000	HK$2.65	HK$-8,056,000
28. Feb 19	Sell	Zhong Yan Guo	Individual	25. Feb 19	25. Feb 19	-1,500,000	HK$2.86	HK$-4,289,998
04. Feb 19	Sell	Zhong Yan Guo	Individual	31. Jan 19	31. Jan 19	-1,202,000	HK$3.61	HK$-4,341,981
17. Jan 19	Sell	Zhong Yan Guo	Individual	16. Jan 19	16. Jan 19	-2,632,000	HK$5.26	HK$-13,844,328
25. Jun 18	Sell	Qi Li	Individual	21. Jun 18	21. Jun 18	-8,000,000	HK$4.70	HK$-37,600,031

Management checks

We assess Hebei Yichen Industrial Group's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

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

How Much Are Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Hebei Yichen Industrial Group Corporation Limited (HKG:1596). … Hebei Yichen Industrial Group Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Hebei Yichen Industrial Group shares, than buying

Simply Wall St - 1 month ago – Full article

Is Hebei Yichen Industrial Group Corporation Limited (HKG:1596) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Hebei Yichen Industrial Group Corporation Limited (HKG:1596), with a market cap of HK$2.6b. … since poor capital management may bring about bankruptcies, … I believe these basic checks tell most of the story you need to know.

Simply Wall St - 1 month ago – Full article

Do Hebei Yichen Industrial Group Corporation Limited’s (HKG:1596) Returns On Capital Employed Make The Cut?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St - 2 months ago – Full article

Do Institutions Own Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Shares?

A look at the shareholders of Hebei Yichen Industrial Group Corporation Limited (HKG:1596) can tell us which group is most powerful. … With a market capitalization of HK$4.8b, Hebei Yichen Industrial Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Hebei Yichen Industrial Group

Simply Wall St - 3 months ago – Full article

Despite Its High P/E Ratio, Is Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Still Undervalued?

We'll look at Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) P/E ratio and reflect on what it tells us about the company's share price. … Hebei Yichen Industrial Group has a price to earnings ratio of 25.36, based on the last twelve months. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St - 3 months ago – Full article

Did Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Use Debt To Deliver Its ROE Of 8.7%?

To keep the lesson grounded in practicality, we'll use ROE to better understand Hebei Yichen Industrial Group Corporation Limited (HKG:1596). … Hebei Yichen Industrial Group has a ROE of 8.7%, based on the last twelve months. … See our latest analysis for Hebei Yichen Industrial Group?

Simply Wall St - 4 months ago – Full article

Are Insiders Selling Hebei Yichen Industrial Group Corporation Limited (HKG:1596) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Hebei Yichen Industrial Group Corporation Limited (HKG:1596). … The Last 12 Months Of Insider Transactions At Hebei Yichen Industrial Group. … As a general rule we consider it to be discouraging when insiders are selling below the current price

Simply Wall St - 4 months ago – Full article

Are Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Hebei Yichen Industrial Group Corporation Limited (HKG:1596), with a market cap of HK$5.1b. … Evaluating financial health as part of your investment thesis is. … I believe these basic checks tell most of the story you need to know.

Simply Wall St - 5 months ago – Full article

What Should Investors Know About Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) Return On Capital?

and want a simplistic look at the return on Hebei Yichen Industrial Group Corporation Limited (HKG:1596) stock. … To understand Hebei Yichen Industrial Group’s capital returns we will look at a useful metric called return on capital employed. … View our latest analysis for Hebei Yichen Industrial Group

Simply Wall St - 6 months ago – Full article

Does Hebei Yichen Industrial Group Corporation Limited's (HKG:1596) PE Ratio Signal A Selling Opportunity?

Hebei Yichen Industrial Group Corporation Limited (HKG:1596) trades with a trailing P/E of 31x, which is higher than the industry average of 12.3x. … While 1596 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. … Check out our latest analysis for Hebei Yichen Industrial Group

Simply Wall St - 8 months ago – Full article

Company Info

Description

Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in China and internationally. The company offers high speed rail fastening system, metro series, traditional track series, and heavy haul railway series products, as well as flux cored wire products to the shipbuilding industry. It primarily sells its flux cored wire products directly and through e-commerce platforms. The company also manufactures and sells welding materials; trades in steel scrap and rubbers; and produces and sells engineering plastics. Hebei Yichen Industrial Group Corporation Limited was founded in 1990 and is headquartered in Shijiazhuang, the Peoples Republic of China.

Details

Name:	Hebei Yichen Industrial Group Corporation Limited
Ticker:	1596
Exchange:	SEHK
Founded:	1990
Market Cap:	HK$3,591,360,000
Shares outstanding:	897,840,000
Website:	http://www.hbyc.com.cn
Address:	Hebei Yichen Industrial Group Corporation Limited No. 1 Yichen North Street, Gaocheng District, Shijiazhuang, Hebei Province, China

Listings

	Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
	SEHK	1596	Foreign Shares-Foreign Listed	The Stock Exchange of Hong Kong Ltd.	HK	HKD	21. Dec 2016

Number of employees

Current staff

1,090

Hebei Yichen Industrial Group employees.

Industry

Industry:	Construction Machinery and Heavy Trucks
Sector:	Capital Goods

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/04/24 13:02
End of day share price update:	2019/03/28 00:00
Last estimates confirmation:	2018/03/22
Last earnings filing:	2018/09/06
Last earnings reported:	2018/06/30
Last annual earnings reported:	2017/12/31

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.

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