SEHK:1596

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Hebei Yichen Industrial Group

Executive Summary

Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in the People’s Republic of China. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Hebei Yichen Industrial Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1596 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.5%

1596

-2.3%

HK Machinery

-2.8%

HK Market


1 Year Return

0.8%

1596

30.2%

HK Machinery

-1.7%

HK Market

Return vs Industry: 1596 underperformed the Hong Kong Machinery industry which returned 33.9% over the past year.

Return vs Market: 1596 matched the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

1596IndustryMarket
7 Day-0.5%-2.3%-2.8%
30 Day-3.4%-0.5%2.7%
90 Day0%2.4%-0.4%
1 Year1.9%0.8%33.3%30.2%2.3%-1.7%
3 Year-16.9%-20.4%46.2%35.2%-8.7%-18.6%
5 Yearn/a103.5%86.1%13.7%-5.4%

Price Volatility Vs. Market

How volatile is Hebei Yichen Industrial Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hebei Yichen Industrial Group undervalued compared to its fair value and its price relative to the market?

13.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 1596 (HK$3.98) is trading above our estimate of fair value (HK$0.44)

Significantly Below Fair Value: 1596 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 1596's PE Ratio (13.5x) is in line with the HK Machinery industry average.

PE vs Market: 1596 is poor value based on its PE Ratio (13.5x) compared to the Hong Kong market (10.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1596's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1596 is overvalued based on its PB Ratio (1.5x) compared to the HK Machinery industry average (0.9x).


Next Steps

Future Growth

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

6.2%

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 Hebei Yichen Industrial Group 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

Past Performance

How has Hebei Yichen Industrial Group performed over the past 5 years?

-11.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1596 has high quality earnings.

Growing Profit Margin: 1596's current net profit margins (18.2%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: 1596's earnings have declined by 11.3% per year over the past 5 years.

Accelerating Growth: 1596's earnings growth over the past year (58.1%) exceeds its 5-year average (-11.3% per year).

Earnings vs Industry: 1596 earnings growth over the past year (58.1%) exceeded the Machinery industry -1.6%.


Return on Equity

High ROE: 1596's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Hebei Yichen Industrial Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1596's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥717.9M).

Long Term Liabilities: 1596's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥42.4M).


Debt to Equity History and Analysis

Debt Level: 1596's debt to equity ratio (10.8%) is considered satisfactory.

Reducing Debt: 1596's debt to equity ratio has reduced from 33.2% to 10.8% over the past 5 years.

Debt Coverage: 1596's debt is well covered by operating cash flow (65.2%).

Interest Coverage: 1596 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Hebei Yichen Industrial Group current dividend yield, its reliability and sustainability?

0.99%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: 1596's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).

High Dividend: 1596's dividend (0.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.97%).


Stability and Growth of Payments

Stable Dividend: 1596 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1596 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 1596 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 1596's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average management tenure


CEO

Lifeng Zhang (40 yo)

0.33

Tenure

Mr. Lifeng Zhang serves as General Manager at Hebei Yichen Industrial Group Corporation Limited since June 24, 2020 and Executive Director at Hebei Yichen Industrial Group Corporation Limited since July 20 ...


Leadership Team

NamePositionTenureCompensationOwnership
Haijun Zhang
Chairman of the Board19.5yrsCN¥366.12k18.48%
CN¥ 656.9m
Jinyu Wu
CFO & Executive Director19.5yrsCN¥248.03k3.22%
CN¥ 114.6m
Lihuan Zhang
Manager of Welding Business Division & Executive Director5.25yrsCN¥190.23k2.09%
CN¥ 74.2m
Xiulan Fan
Executive Director5.25yrsCN¥175.85k0.10%
CN¥ 3.7m
Chao Zhang
Joint Company Secretary & Executive Director5.25yrsCN¥184.23k2.09%
CN¥ 74.2m
Lifeng Zhang
GM & Executive Director0.33yrno data2.09%
CN¥ 74.2m
Fengxuan Zhang
Deputy General Manager8.75yrsno datano data
Lijie Zhang
Deputy General Manager8.75yrsno data2.09%
CN¥ 74.2m
Baoyun An
Deputy General Manager0.83yrno datano data
Yunjuan Yang
Head of Finance Sectionno datano datano data
Wai Kam Ng
Joint Company Secretary0.83yrno datano data
Yanfeng Zhang
Deputy Head of Finance Departmentno datano data2.09%
CN¥ 74.2m

8.8yrs

Average Tenure

51yo

Average Age

Experienced Management: 1596's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Haijun Zhang
Chairman of the Board19.5yrsCN¥366.12k18.48%
CN¥ 656.9m
Jinyu Wu
CFO & Executive Director19.5yrsCN¥248.03k3.22%
CN¥ 114.6m
Lihuan Zhang
Manager of Welding Business Division & Executive Director5.25yrsCN¥190.23k2.09%
CN¥ 74.2m
Xiulan Fan
Executive Director5.25yrsCN¥175.85k0.10%
CN¥ 3.7m
Chao Zhang
Joint Company Secretary & Executive Director5.25yrsCN¥184.23k2.09%
CN¥ 74.2m
Lifeng Zhang
GM & Executive Director0.33yrno data2.09%
CN¥ 74.2m
Ki Chi Jip
Independent Non-Executive Director4.92yrsCN¥153.58kno data
Qi Wang
Independent Non-Executive Director4.92yrsCN¥40.00kno data
Liguo Zhang
Independent Non-Executive Director4.92yrsCN¥40.00kno data
Hebin Hu
Staff Representative Supervisor1.83yrsno datano data
En Guan
Chairman of the Supervisory Board1.25yrsno datano data
Xiaohui Gu
Non Executive Director0.58yrno datano data

4.9yrs

Average Tenure

45yo

Average Age

Experienced Board: 1596's board of directors are considered experienced (4.9 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

Hebei Yichen Industrial Group Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hebei Yichen Industrial Group Corporation Limited
  • Ticker: 1596
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: HK$3.555b
  • Shares outstanding: 897.84m
  • Website: https://www.hbyc.com.cn

Number of Employees


Location

  • Hebei Yichen Industrial Group Corporation Limited
  • No. 1 Yichen North Street
  • Gaocheng District
  • Shijiazhuang
  • Hebei Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1596SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDDec 2016

Biography

Hebei Yichen Industrial Group Corporation Limited provides rail fastening systems to the railway industry in the People’s Republic of China. The company operates in three segments: Rail Fastening System Pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:45
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.