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Chongqing Machinery & Electric

SEHK:2722
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2722
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Chongqing Machinery & Electric Co., Ltd., together with its subsidiaries, engages in the designing, manufacturing, and sale of clean energy equipment and high-end smart manufacturing equipment. The last earnings update was 87 days ago. More info.


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2722 Share Price and Events
7 Day Returns
-7%
SEHK:2722
-0.1%
HK Industrials
0.6%
HK Market
1 Year Returns
0%
SEHK:2722
-5.1%
HK Industrials
-4.5%
HK Market
2722 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chongqing Machinery & Electric (2722) -7% -8.3% -13.2% 0% -23.3% -45.5%
HK Industrials -0.1% -2% -7.8% -5.1% -6.1% -31.1%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 2722 outperformed the Industrials industry which returned -5.1% over the past year.
  • 2722 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
2722
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Chongqing Machinery & Electric's competitors could be found in our database.

2722 Value

 Is Chongqing Machinery & Electric 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 Chongqing Machinery & Electric. This is due to cash flow or dividend data being unavailable. The share price is HK$0.66.
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 Chongqing Machinery & Electric's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chongqing Machinery & Electric's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2722 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.12
SEHK:2722 Share Price ** SEHK (2019-07-22) in HKD HK$0.66
SEHK:2722 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.58
Hong Kong Industrials Industry PE Ratio Median Figure of 12 Publicly-Listed Industrials Companies 6.89x
Hong Kong Market PE Ratio Median Figure of 1,512 Publicly-Listed Companies 10.77x

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

** Primary Listing of Chongqing Machinery & Electric.

SEHK:2722 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2722 Share Price ÷ EPS (both in CNY)

= 0.58 ÷ 0.12

4.85x

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

  • Chongqing Machinery & Electric is good value based on earnings compared to the HK Industrials industry average.
  • Chongqing Machinery & Electric is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Chongqing Machinery & Electric's expected growth come at a high price?
Raw Data
SEHK:2722 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.7%per year
Hong Kong Industrials Industry PEG Ratio Median Figure of 6 Publicly-Listed Industrials Companies 1.07x
Hong Kong Market PEG Ratio Median Figure of 481 Publicly-Listed Companies 0.8x

*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 Chongqing Machinery & Electric, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chongqing Machinery & Electric's assets?
Raw Data
SEHK:2722 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.85
SEHK:2722 Share Price * SEHK (2019-07-22) in HKD HK$0.66
SEHK:2722 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.58
Hong Kong Industrials Industry PB Ratio Median Figure of 14 Publicly-Listed Industrials Companies 0.6x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:2722 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2722 Share Price ÷ Book Value per Share (both in CNY)

= 0.58 ÷ 1.85

0.31x

* Primary Listing of Chongqing Machinery & Electric.

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

  • Chongqing Machinery & Electric is good value based on assets compared to the HK Industrials industry average.
X
Value checks
We assess Chongqing Machinery & Electric'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 Industrials 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 Industrials industry average (and greater than 0)? (1 check)
  5. Chongqing Machinery & Electric 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.

2722 Future Performance

 How is Chongqing Machinery & Electric expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Chongqing Machinery & Electric, 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
10.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chongqing Machinery & Electric expected to grow at an attractive rate?
  • Chongqing Machinery & Electric's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Chongqing Machinery & Electric's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Chongqing Machinery & Electric's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2722 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2722 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.7%
Hong Kong Industrials Industry Earnings Growth Rate Market Cap Weighted Average 5.2%
Hong Kong Industrials Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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:2722 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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:2722 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:2722 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 5,284 82 444
2018-09-30 6,898 -121 397
2018-06-30 8,513 -470 359
2018-03-31 8,903 -707 342
2017-12-31 9,293 -798 317
2017-09-30 8,651 -612 389
2017-06-30 8,010 -425 462
2017-03-31 8,632 -344 451
2016-12-31 9,255 -262 441
2016-09-30 9,354 -216 423
2016-06-30 9,453 -169 405
2016-03-31 9,232 6 411

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chongqing Machinery & Electric's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Chongqing Machinery & Electric 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:2722 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Chongqing Machinery & Electric Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2722 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:2722 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.12
2018-09-30 0.11
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.09
2017-09-30 0.11
2017-06-30 0.13
2017-03-31 0.12
2016-12-31 0.12
2016-09-30 0.11
2016-06-30 0.11
2016-03-31 0.11

*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 Chongqing Machinery & Electric will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Chongqing Machinery & Electric'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.
Chongqing Machinery & Electric has a total score of 1/6, 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.

2722 Past Performance

  How has Chongqing Machinery & Electric 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 Chongqing Machinery & Electric's growth in the last year to its industry (Industrials).
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.
  • Chongqing Machinery & Electric's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Chongqing Machinery & Electric's 1-year earnings growth exceeds its 5-year average (40.2% vs -6.4%)
  • Chongqing Machinery & Electric's earnings growth has exceeded the HK Industrials industry average in the past year (40.2% vs 8.8%).
Earnings and Revenue History
Chongqing Machinery & Electric'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 Chongqing Machinery & Electric Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2722 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 5,284.32 444.06 808.49 240.97
2018-09-30 6,898.43 397.23 840.25 278.01
2018-06-30 8,512.54 358.79 1,076.29 116.33
2018-03-31 8,902.57 341.92 1,144.35 58.17
2017-12-31 9,292.60 316.64 1,008.15 198.72
2017-09-30 8,651.08 389.34 1,052.35 99.36
2017-06-30 8,009.55 462.03 1,096.55
2017-03-31 8,632.29 451.43 1,078.72
2016-12-31 9,255.03 440.83 1,060.88
2016-09-30 9,354.24 423.07 1,215.82
2016-06-30 9,453.45 405.31 1,370.75
2016-03-31 9,231.94 411.47 1,364.13
2015-12-31 9,010.42 417.63 1,357.50
2015-09-30 9,002.43 461.51 1,225.47
2015-06-30 8,994.45 505.40 1,093.44
2015-03-31 9,240.01 508.67 1,081.52
2014-12-31 9,485.57 511.94 1,069.59
2014-09-30 9,585.57 493.69 1,029.98
2014-06-30 9,685.58 475.44 990.37
2014-03-31 9,693.31 491.13 1,003.03
2013-12-31 9,701.04 506.83 1,015.70
2013-09-30 9,487.64 434.81 1,023.58
2013-06-30 9,274.24 362.78 1,031.47
2013-03-31 9,091.14 403.11 1,002.22
2012-12-31 8,908.03 443.45 972.98
2012-09-30 9,695.09 547.43 1,030.07

*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.
  • Chongqing Machinery & Electric has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chongqing Machinery & Electric used its assets less efficiently than the HK Industrials industry average last year based on Return on Assets.
  • Chongqing Machinery & Electric 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 Chongqing Machinery & Electric'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 Industrials 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.
Chongqing Machinery & Electric has a total score of 3/6, 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.

2722 Health

 How is Chongqing Machinery & Electric'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 Chongqing Machinery & Electric's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chongqing Machinery & Electric is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chongqing Machinery & Electric's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chongqing Machinery & Electric'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 3.8x 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 Chongqing Machinery & Electric Company Filings, last reported 6 months ago.

SEHK:2722 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,229.66 2,620.75 2,169.79
2018-09-30 7,229.66 2,620.75 2,169.79
2018-06-30 7,258.96 3,396.02 1,944.70
2018-03-31 7,258.96 3,396.02 1,944.70
2017-12-31 7,177.99 3,204.44 1,811.47
2017-09-30 7,177.99 3,204.44 1,811.47
2017-06-30 6,886.19 3,034.83 870.15
2017-03-31 6,886.19 3,034.83 870.15
2016-12-31 7,158.21 2,749.79 1,542.94
2016-09-30 7,158.21 2,749.79 1,542.94
2016-06-30 6,683.65 2,701.53 1,390.58
2016-03-31 6,683.65 2,701.53 1,390.58
2015-12-31 6,554.80 2,623.07 1,543.98
2015-09-30 6,554.80 2,623.07 1,543.98
2015-06-30 6,287.65 2,544.45 1,296.29
2015-03-31 6,287.65 2,544.45 1,296.29
2014-12-31 6,250.97 2,493.53 1,398.32
2014-09-30 6,250.97 2,493.53 1,398.32
2014-06-30 5,914.82 2,636.08 1,438.91
2014-03-31 5,914.82 2,636.08 1,438.91
2013-12-31 5,886.27 2,483.12 1,792.36
2013-09-30 5,886.27 2,483.12 1,792.36
2013-06-30 5,579.48 2,548.67 1,982.91
2013-03-31 5,579.48 2,548.67 1,982.91
2012-12-31 5,482.19 2,634.95 2,525.88
2012-09-30 5,484.10 2,634.95 2,628.88
  • Chongqing Machinery & Electric's level of debt (38.2%) 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 (42.3% vs 38.2% today).
  • Debt is not well covered by operating cash flow (3%, less than 20% of total debt).
  • Chongqing Machinery & Electric earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Chongqing Machinery & Electric'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. Chongqing Machinery & Electric 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.

2722 Dividends

 What is Chongqing Machinery & Electric'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
6.88%
Current annual income from Chongqing Machinery & Electric dividends.
If you bought HK$2,000 of Chongqing Machinery & Electric shares you are expected to receive HK$138 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?
  • Chongqing Machinery & Electric's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Chongqing Machinery & Electric's dividend is above the markets top 25% of dividend payers in Hong Kong (5.71%).
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:2722 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 Industrials Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:2722 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:2722 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-06-06 0.040 6.416
2018-06-07 0.030 5.633
2017-06-16 0.035 4.882
2016-05-13 0.025 3.112
2015-04-10 0.046 4.996
2015-03-24 0.046 4.281
2014-04-08 0.050 5.211
2014-03-25 0.050 6.171
2013-03-28 0.035 4.579
2013-03-19 0.035 3.921
2012-03-20 0.060 6.202
2011-06-07 0.080 6.225
2010-04-12 0.060 2.947

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

  • Chongqing Machinery & Electric has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Chongqing Machinery & Electric has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Chongqing Machinery & Electric's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x 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 Chongqing Machinery & Electric'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 Chongqing Machinery & Electric afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chongqing Machinery & Electric has a total score of 3/6, see the detailed checks below.


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

2722 Management

 What is the CEO of Chongqing Machinery & Electric'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
Ping Chen
COMPENSATION CN¥814,772
AGE 56
TENURE AS CEO 3.1 years
CEO Bio

Ms. Ping Chen serves as the General Manager and Executive Director of Chongqing Machinery & Electric Company Ltd. since June 28, 2016. Ms. Chen engages in merger and reorganization of enterprises, equity investment, capital operations and other works, owns experience in corporate management. Ms. Chen was the Vice President and member of the Party Committee of Chongqing Machinery and Electronic Holding (Group) Co., Ltd. from February 2004 to May 2016. She has been the Chairman of Chongqing Machinery and Electronic Holding Group Xinbo Investment Management Co., Ltd. since January 2016, Chairman of the Board at Chongqing Hi-tech Red Horse Capital Management Limited since May 2015, the Executive Director (legal representative) of Chongqing Machinery and Electronic Holding Group Assets Management Co., Ltd. from July 2009 to October 2014. She served as the Assistant to the President of Chongqing Light Textile Holding (Group) Co., Ltd. and the Manager of Chongqing Super Excellence Co., Ltd. from December 2002 to February 2004, a Manager of assets operation department in Chongqing Light Textile Holding (Group) Co., Ltd. from March 2001 to December 2002, the Deputy Manager of assets operation department of Chongqing Light Textile Holding (Group) Co., Ltd. and President of Chongqing Longhua Printing Co., Ltd. from August 2000 to March 2001, the Deputy Section Officer, Section Officer and Assistant Researcher of the enterprise management department of Chongqing Light Industry Bureau from October 1983 to August 2000. Ms. Chen is a Senior Economist. She holds a Bachelor of Science in Biology from Yuzhou University in August 1983, a Postgraduate Degree in Business Administration from Chongqing Master College of Business Administration in July 2001 and an E.M.B.A. (Executive Master of Business Administration) from the School of Business and Economics of Chongqing University in December 2013.

CEO Compensation
  • Ping's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ping's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Chongqing Machinery & Electric management team in years:

3.1
Average Tenure
53
Average Age
  • The tenure for the Chongqing Machinery & Electric management team is about average.
Management Team

Yuxiang Wang

TITLE
Executive Chairman
AGE
58

Ping Chen

TITLE
GM & Executive Director
COMPENSATION
CN¥815K
AGE
56
TENURE
3.1 yrs

Zhongtang Liu

TITLE
CFO & Vice General Manager
COMPENSATION
CN¥728K
TENURE
0.9 yrs

Quan Yang

TITLE
Vice GM & Executive Director
COMPENSATION
CN¥725K
AGE
54
TENURE
7.2 yrs

Shu Zhang

TITLE
Vice General Manager
COMPENSATION
CN¥722K
AGE
51
TENURE
3.1 yrs

Shaobo Qin

TITLE
Vice General Manager
COMPENSATION
CN¥243K
AGE
50
TENURE
1.1 yrs

Deng Rui

TITLE
Secretary to the Board
COMPENSATION
CN¥725K
AGE
44
TENURE
3.1 yrs

Caijun Duan

TITLE
Vice General Manager
COMPENSATION
CN¥273K
AGE
54
TENURE
8.7 yrs

Wenguang Sun

TITLE
Vice GM & Chairman of the Supervisory Committee
COMPENSATION
CN¥509K
AGE
53
TENURE
3.1 yrs

Rebecca Chiu

TITLE
Company Secretary
AGE
42
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the Chongqing Machinery & Electric board of directors in years:

5.5
Average Tenure
54.5
Average Age
  • The tenure for the Chongqing Machinery & Electric board of directors is about average.
Board of Directors

Ping Chen

TITLE
GM & Executive Director
COMPENSATION
CN¥815K
AGE
56
TENURE
3.1 yrs

Quan Yang

TITLE
Vice GM & Executive Director
COMPENSATION
CN¥725K
AGE
54
TENURE
3.6 yrs

Wenguang Sun

TITLE
Vice GM & Chairman of the Supervisory Committee
COMPENSATION
CN¥509K
AGE
53
TENURE
0.8 yrs

Lowell Lo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥136K
AGE
55
TENURE
11.5 yrs

Yuxiang Wang

TITLE
Executive Chairman
AGE
58
TENURE
6.1 yrs

Xiaochang Ren

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥80K
AGE
63
TENURE
12 yrs

Yong Huang

TITLE
Non-Executive Director
COMPENSATION
CN¥60K
AGE
56
TENURE
12 yrs

Jingyu Jin

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥80K
AGE
53
TENURE
7.1 yrs

Pengcheng Wang

TITLE
Non-executive Director
COMPENSATION
CN¥60K
AGE
51
TENURE
1.1 yrs

Wei Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥80K
AGE
54
TENURE
4.8 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$) Value (HK$)
28. Jun 19 Buy Chongqing Machinery & Electronics Holding (Group) Corporation Limited Company 28. Jun 19 28. Jun 19 8,500,000 HK$0.76 HK$6,488,056
12. Apr 19 Buy Chongqing Machinery & Electronics Holding (Group) Corporation Limited Company 10. Apr 19 10. Apr 19 11,522,000 HK$0.78 HK$8,937,610
X
Management checks
We assess Chongqing Machinery & Electric'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. Chongqing Machinery & Electric 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.

2722 News

Simply Wall St News

Is Chongqing Machinery & Electric (HKG:2722) A Risky Investment?

You can click the graphic below for the historical numbers, but it shows that Chongqing Machinery & Electric had CN¥2.76b of debt in December 2018, down from CN¥3.49b, one year before However, it does have CN¥2.17b in cash offsetting this, leading to net debt of about CN¥592.9m. … SEHK:2722 Historical Debt, July 18th 2019 How Healthy Is Chongqing Machinery & Electric's Balance Sheet? … Either way, since Chongqing Machinery & Electric does have more debt than cash, it's worth keeping an eye on its balance sheet.

Simply Wall St -

Should You Be Concerned About Chongqing Machinery & Electric Co., Ltd.'s (HKG:2722) Historical Volatility?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … The fact that this is well above 1 indicates that its share price movements have shown sensitivity to overall market volatility. … What this means for you: Since Chongqing Machinery & Electric tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Why We’re Not Impressed By Chongqing Machinery & Electric Co., Ltd.’s (HKG:2722) 0.6% ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Chongqing Machinery & Electric: 0.0058 = CN¥56m ÷ (CN¥16b - CN¥6.7b) (Based on the trailing twelve months to December 2018.) Therefore, Chongqing Machinery & Electric has an ROCE of 0.6%. … How Chongqing Machinery & Electric's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Chongqing Machinery & Electric has a medium level of current liabilities (boosting the ROCE somewhat), and a low ROCE.

Simply Wall St -

Consider This Before Buying Chongqing Machinery & Electric Co., Ltd. (HKG:2722) For The 4.7% Dividend

Dividend paying stocks like Chongqing Machinery & Electric Co., Ltd. … In this case, Chongqing Machinery & Electric likely looks attractive to dividend investors, given its 4.7% dividend yield and nine-year payment history. … There are a few simple ways to reduce the risks of buying Chongqing Machinery & Electric for its dividend, and we'll go through these below.

Simply Wall St -

Does Market Volatility Impact Chongqing Machinery & Electric Co., Ltd.'s (HKG:2722) Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Did Changing Sentiment Drive Chongqing Machinery & Electric's (HKG:2722) Share Price Down By 30%?

After all, the share price is down 30% in the last three years, significantly under-performing the market. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the three years that the share price fell, Chongqing Machinery & Electric's earnings per share (EPS) dropped by 14% each year.

Simply Wall St -

Do Institutions Own Chongqing Machinery & Electric Co., Ltd. (HKG:2722) Shares?

A look at the shareholders of Chongqing Machinery & Electric Co., Ltd. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Chongqing Machinery & Electric is a smaller company with a market capitalization of HK$2.4b, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is Chongqing Machinery & Electric Co., Ltd. (HKG:2722) An Attractive Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Let's dig deeper into whether Chongqing Machinery & Electric should have a place in your portfolio. … View our latest analysis for Chongqing Machinery & Electric?

Simply Wall St -

Is Chongqing Machinery & Electric Co., Ltd.'s (HKG:2722) Balance Sheet Strong Enough To Weather A Storm?

(HKG:2722) with its market cap of HK$1.8b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Is Chongqing Machinery & Electric Co Ltd (HKG:2722) A Volatile Stock?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

2722 Company Info

Description

Chongqing Machinery & Electric Co., Ltd., together with its subsidiaries, engages in the designing, manufacturing, and sale of clean energy equipment and high-end smart manufacturing equipment. It designs, manufactures, and sells engines, gearboxes, hydroelectric generation equipment, electrical wires and cables, general machinery, machinery tools, high-voltage transformers, and other industry products; vehicle parts and components, nonferrous metals and alloys, mobile communication products and electronic information product, gear-cutting machines, automatic and intelligent equipment, and cutting tools for gear-cutting machines; and foundry goods, screws, electrical porcelains, PPR\PPC tubular products, water cooling units, wind-power equipment, electric apparatus, pumps, computers and components, and gas compression machines, as well sells machinery materials and tools. The company also offers engineering, industrial, advisory, and financial services; and sewerage treatment and environmental engineering construction services, as well as service of cotton picking. In addition, it is involved in the detection and maintenance of turbine machinery products, import and export of materials and equipment, financial investment, real estate development, and leasing of properties. The company was founded in 2007 and is headquartered in Chongqing, the People’s Republic of China. Chongqing Machinery & Electric Co., Ltd. is a subsidiary of Chongqing Machinery and Electronics Holding (Group) Co., Ltd.

Details
Name: Chongqing Machinery & Electric Co., Ltd.
2722
Exchange: SEHK
Founded: 2007
HK$2,468,708,903
3,684,640,154
Website: http://www.chinacqme.com
Address: Chongqing Machinery & Electric Co., Ltd.
No. 60, Middle Section of Huangshan Avenue,
New North Zone,
Chongqing,
401123,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2722 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 13. Jun 2008
DB CE3 Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 13. Jun 2008
Number of employees
Current staff
Staff numbers
9,124
Chongqing Machinery & Electric employees.
Industry
Industrial Conglomerates
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:47
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2018/03/29
Last earnings filing: 2019/04/26
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.