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China Communications Services

SEHK:552
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
552
SEHK
HK$39B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

China Communications Services Corporation Limited provides telecommunications support services worldwide. The last earnings update was 86 days ago. More info.


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552 Share Price and Events
7 Day Returns
3.4%
SEHK:552
-0.5%
HK Construction
-0.2%
HK Market
1 Year Returns
15.6%
SEHK:552
-11.4%
HK Construction
-4.5%
HK Market
552 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Communications Services (552) 3.4% -8.1% -17.7% 15.6% 37.6% 48.7%
HK Construction -0.5% -3.6% -14% -11.4% -21.9% -4.9%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 552 outperformed the Construction industry which returned -11.4% over the past year.
  • 552 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
552
Industry
5yr Volatility vs Market

552 Value

 Is China Communications Services 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 China Communications Services. This is due to cash flow or dividend data being unavailable. The share price is HK$5.71.
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 China Communications Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Communications Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:552 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.42
SEHK:552 Share Price ** SEHK (2019-07-19) in HKD HK$5.71
SEHK:552 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥5.03
Hong Kong Construction Industry PE Ratio Median Figure of 105 Publicly-Listed Construction Companies 10.19x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of China Communications Services.

SEHK:552 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:552 Share Price ÷ EPS (both in CNY)

= 5.03 ÷ 0.42

12x

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

  • China Communications Services is overvalued based on earnings compared to the HK Construction industry average.
  • China Communications Services is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Communications Services's expected growth come at a high price?
Raw Data
SEHK:552 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
13.4%per year
Hong Kong Construction Industry PEG Ratio Median Figure of 10 Publicly-Listed Construction Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:552 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12x ÷ 13.4%

0.9x

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

  • China Communications Services is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Communications Services's assets?
Raw Data
SEHK:552 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥4.67
SEHK:552 Share Price * SEHK (2019-07-19) in HKD HK$5.71
SEHK:552 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥5.03
Hong Kong Construction Industry PB Ratio Median Figure of 136 Publicly-Listed Construction Companies 1.37x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:552 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:552 Share Price ÷ Book Value per Share (both in CNY)

= 5.03 ÷ 4.67

1.08x

* Primary Listing of China Communications Services.

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

  • China Communications Services is good value based on assets compared to the HK Construction industry average.
X
Value checks
We assess China Communications Services'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. China Communications Services has a total score of 2/6, 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.

552 Future Performance

 How is China Communications Services expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
13.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Communications Services expected to grow at an attractive rate?
  • China Communications Services's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Communications Services's earnings growth is expected to exceed the Hong Kong market average.
  • China Communications Services's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:552 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:552 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 13.4%
SEHK:552 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 13.7%
Hong Kong Construction Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Construction Industry Revenue Growth Rate Market Cap Weighted Average 9.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
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:552 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:552 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 159,252 3,069 4,314 8
2020-12-31 138,944 3,811 3,759 10
2019-12-31 119,848 4,028 3,231 10
SEHK:552 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 106,177 4,261 2,901
2018-09-30 103,326 5,000 2,871
2018-06-30 100,476 5,738 2,841
2018-03-31 97,524 6,351 2,778
2017-12-31 94,572 6,964 2,714
2017-09-30 92,867 5,897 2,666
2017-06-30 91,162 4,830 2,619
2017-03-31 89,806 5,048 2,577
2016-12-31 88,449 5,265 2,536
2016-09-30 87,011 6,087 2,493
2016-06-30 85,573 6,909 2,450
2016-03-31 83,266 5,798 2,392

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Communications Services's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).
  • China Communications Services's revenue is expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
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:552 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 10 Analyst Estimates (S&P Global) See Below

All data from China Communications Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:552 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.61 0.68 0.49 7.00
2020-12-31 0.53 0.59 0.46 8.00
2019-12-31 0.46 0.49 0.44 8.00
SEHK:552 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.42
2018-09-30 0.41
2018-06-30 0.41
2018-03-31 0.40
2017-12-31 0.39
2017-09-30 0.38
2017-06-30 0.38
2017-03-31 0.37
2016-12-31 0.37
2016-09-30 0.36
2016-06-30 0.35
2016-03-31 0.35

*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.
  • China Communications Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Communications Services'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.
China Communications Services has a total score of 3/6, 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.

552 Past Performance

  How has China Communications Services 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 China Communications Services's growth in the last year to its industry (Construction).
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.
  • China Communications Services's year on year earnings growth rate has been positive over the past 5 years.
  • China Communications Services's 1-year earnings growth exceeds its 5-year average (6.9% vs 6.4%)
  • China Communications Services's earnings growth has exceeded the HK Construction industry average in the past year (6.9% vs -13.1%).
Earnings and Revenue History
China Communications Services'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 China Communications Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:552 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 106,176.64 2,901.32 10,611.07
2018-09-30 103,326.38 2,871.17 10,405.18
2018-06-30 100,476.12 2,841.02 10,199.29
2018-03-31 97,524.26 2,777.62 10,042.36
2017-12-31 94,572.41 2,714.21 9,885.43
2017-09-30 92,867.27 2,666.39 9,798.47
2017-06-30 91,162.13 2,618.57 9,711.51
2017-03-31 89,805.74 2,577.41 9,606.49
2016-12-31 88,449.36 2,536.25 9,501.48
2016-09-30 87,011.16 2,492.97 9,507.18
2016-06-30 85,572.97 2,449.69 9,512.88
2016-03-31 83,266.46 2,392.05 9,409.51
2015-12-31 80,959.95 2,334.41 9,306.15
2015-09-30 78,977.95 2,259.08 9,141.66
2015-06-30 76,995.95 2,183.76 8,977.16
2015-03-31 75,086.10 2,167.01 8,877.09
2014-12-31 73,176.25 2,150.26 8,777.03
2014-09-30 71,508.69 2,191.91 8,508.78
2014-06-30 69,841.13 2,233.56 8,240.54
2014-03-31 69,150.11 2,235.96 8,264.35
2013-12-31 68,459.10 2,238.35 8,288.16
2013-09-30 66,403.47 2,333.17 8,127.11
2013-06-30 64,347.85 2,427.99 7,966.06
2013-03-31 62,932.61 2,417.39 7,740.47
2012-12-31 61,517.38 2,406.79 7,514.88
2012-09-30 59,807.63 2,356.32 7,232.34

*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.
  • China Communications Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Communications Services used its assets less efficiently than the HK Construction industry average last year based on Return on Assets.
  • China Communications Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Communications Services'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 Construction 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.
China Communications Services 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.

552 Health

 How is China Communications Services'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 China Communications Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Communications Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Communications Services's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Communications Services'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 145.5x 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 China Communications Services Company Filings, last reported 6 months ago.

SEHK:552 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32,828.86 470.93 21,153.14
2018-09-30 32,828.86 470.93 21,153.14
2018-06-30 31,504.25 408.12 13,923.50
2018-03-31 31,504.25 408.12 13,923.50
2017-12-31 28,819.65 326.52 18,279.04
2017-09-30 28,819.65 326.52 18,279.04
2017-06-30 27,588.51 755.41 14,773.19
2017-03-31 27,588.51 755.41 14,773.19
2016-12-31 27,047.78 757.74 13,324.08
2016-09-30 27,047.78 757.74 13,324.08
2016-06-30 25,828.78 741.27 11,486.34
2016-03-31 25,828.78 741.27 11,486.34
2015-12-31 25,209.61 860.82 9,535.85
2015-09-30 25,209.61 860.82 9,535.85
2015-06-30 24,172.47 839.67 6,251.20
2015-03-31 24,172.47 839.67 6,251.20
2014-12-31 23,543.19 897.43 7,313.52
2014-09-30 23,543.19 897.43 7,313.52
2014-06-30 22,621.63 159.67 5,735.42
2014-03-31 22,621.63 159.67 5,735.42
2013-12-31 22,288.02 105.48 6,760.24
2013-09-30 22,288.02 105.48 6,760.24
2013-06-30 21,291.68 591.64 6,860.08
2013-03-31 21,291.68 591.64 6,860.08
2012-12-31 21,002.16 499.69 8,879.49
2012-09-30 21,002.16 499.69 8,879.49
  • China Communications Services's level of debt (1.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.5% vs 1.4% today).
  • Debt is well covered by operating cash flow (904.8%, greater than 20% of total debt).
  • China Communications Services earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Communications Services'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. China Communications Services 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.

552 Dividends

 What is China Communications Services'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
3%
Current annual income from China Communications Services dividends. Estimated to be 3.67% next year.
If you bought HK$2,000 of China Communications Services shares you are expected to receive HK$60 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?
  • China Communications Services's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • China Communications Services's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).
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:552 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 10 Analyst Estimates (S&P Global) See Below
Hong Kong Construction Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 3.9%
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:552 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.21 8.00
2020-12-31 0.18 10.00
2019-12-31 0.16 10.00
SEHK:552 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-17 0.151 2.882
2018-06-29 0.141 2.549
2017-03-30 0.132 3.360
2016-04-22 0.101 2.619
2016-03-31 0.101 3.339
2015-06-26 0.093 3.607
2014-06-27 0.129 4.315
2013-03-27 0.139 3.953
2012-03-29 0.122 3.543
2011-03-30 0.126 3.914
2010-04-01 0.111 2.968
2009-04-23 0.091 2.388
2009-04-02 0.091 2.230

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of China Communications Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess China Communications Services'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 China Communications Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Communications Services has a total score of 4/6, see the detailed checks below.


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

552 Management

 What is the CEO of China Communications Services'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
Furong Si
COMPENSATION CN¥1,125,000
AGE 58
TENURE AS CEO 5.6 years
CEO Bio

Mr. Furong Si has been the President of China Communications Services Corporation Limited since December 19, 2013. Mr. Si serves as the Managing Director of the Sideline Industrial Management Department of China Telecommunications Corporation. He served as the Director of the Corporate Affairs Department at China Telecommunications Corporation, the Director of the Corporate Affairs Department of China Telecom Corporation Limited, the General Manager of Shaanxi Telecom Company Limited of China Telecommunications Corporation, the General Manager and Party Secretary of Shaanxi branch of China Telecom Corporation Limited, the General Manager of China Telecommunications Corporation Shaanxi network asset branch and the Chairman of Shaanxi Communication Services Company Limited. He has been an Executive Director of China Communications Services Corporation Limited since 21 February 2014. Prior to joining China Telecommunications Corporation, Mr. Si served as the Deputy Director of the Personnel Department of the Ministry of Information Industry. He has 28 years of operational and managerial experience in the telecommunications industry in China. Mr. Si graduated from Information Engineering University in 1982 with a bachelor degree in wireless telecommunications. Mr. Si also received an EMBA degree from Peking University Guanghua School of Management in 2006.

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

Average tenure and age of the China Communications Services management team in years:

6.1
Average Tenure
49
Average Age
  • The average tenure for the China Communications Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Furong Si

TITLE
President & Executive Director
COMPENSATION
CN¥1M
AGE
58
TENURE
5.6 yrs

Xu Zhang

TITLE
Executive VP
COMPENSATION
CN¥84K
AGE
49
TENURE
0.7 yrs

Zhiyong Zhang

TITLE
Chairman
COMPENSATION
CN¥477K
AGE
54
TENURE
0.8 yrs

Terence Chung

TITLE
Company Secretary & Deputy CFO
AGE
45

Dong Yan

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
CN¥998K
AGE
47
TENURE
6.1 yrs

Chuguo Xu

TITLE
Executive Vice President
AGE
55
TENURE
5 yrs

Shiping Liang

TITLE
Executive Vice President
AGE
49
TENURE
9.3 yrs

Yonghe Yang

TITLE
Chief Executive Officer of Fujian Communications Services Company Limited
TENURE
12.3 yrs

Biao Chen

TITLE
Chief Executive Officer of Jiangxi Communications Services Company Limited
TENURE
12.3 yrs

Yafan Xiao

TITLE
Chief Executive Officer of Hunan Communications Services Company Limited
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the China Communications Services board of directors in years:

4.1
Average Tenure
59.5
Average Age
  • The tenure for the China Communications Services board of directors is about average.
Board of Directors

Furong Si

TITLE
President & Executive Director
COMPENSATION
CN¥1M
AGE
58
TENURE
5.4 yrs

Xiaochu Wang

TITLE
Honorary Chairman
AGE
61
TENURE
11.3 yrs

Xu Zhang

TITLE
Executive VP
COMPENSATION
CN¥84K
AGE
49
TENURE
0.6 yrs

Zhiyong Zhang

TITLE
Chairman
COMPENSATION
CN¥477K
AGE
54
TENURE
1.3 yrs

Francis Siu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥280K
AGE
65
TENURE
7.1 yrs

Tingjie Lyu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
64
TENURE
4.1 yrs

Taishi Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
71
TENURE
4.1 yrs

Fang Han

TITLE
Chairperson of Supervisory Committee
AGE
46
TENURE
3.6 yrs

Li Zhengmao

TITLE
Non-Executive Director
AGE
57
TENURE
6.7 yrs

Linfei Liu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥150K
AGE
62
TENURE
3.1 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$) Value (HK$)
21. Feb 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 18. Feb 19 18. Feb 19 2,764,010 HK$8.37 HK$23,122,315
14. Dec 18 Buy Hermes Investment Management Limited Company 12. Dec 18 12. Dec 18 2,090,000 HK$5.88 HK$12,296,101
16. Oct 18 Sell BlackRock, Inc. Company 11. Oct 18 11. Oct 18 -3,910,000 HK$6.78 HK$-26,496,891
12. Oct 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 09. Oct 18 09. Oct 18 3,973,377 HK$6.61 HK$26,277,536
04. Oct 18 Sell Invesco Ltd. Company 02. Oct 18 02. Oct 18 -1,296,000 HK$7.33 HK$-9,498,385
18. Sep 18 Sell Invesco Ltd. Company 13. Sep 18 13. Sep 18 -13,930,000 HK$6.44 HK$-89,739,877
13. Sep 18 Sell BlackRock, Inc. Company 10. Sep 18 10. Sep 18 -3,574,000 HK$6.28 HK$-22,450,801
11. Sep 18 Sell Invesco Ltd. Company 07. Sep 18 07. Sep 18 -3,642,000 HK$6.32 HK$-23,012,353
10. Sep 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 05. Sep 18 05. Sep 18 -6,611,244 HK$6.49 HK$-42,917,539
X
Management checks
We assess China Communications Services'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. China Communications Services 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.

552 News

Simply Wall St News

Should You Consider China Communications Services Corporation Limited (HKG:552)?

In the case of China Communications Services Corporation Limited (HKG:552), it is a highly-regarded dividend-paying company that has been able to sustain great financial health over the past. … For those interested in understanding where the figures come from and want to see the analysis, read the full report on China Communications Services here. … SEHK:552 Historical Dividend Yield, July 4th 2019 Next Steps: For China Communications Services, I've put together three key aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for 552’s future growth?

Simply Wall St -

Should China Communications Services Corporation Limited’s (HKG:552) Weak Investment Returns Worry You?

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 China Communications Services: 0.083 = CN¥2.8b ÷ (CN¥81b - CN¥47b) (Based on the trailing twelve months to December 2018.) So, China Communications Services has an ROCE of 8.3%. … How China Communications Services's Current Liabilities Impact Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … China Communications Services has a fairly high level of current liabilities, meaningfully impacting its ROCE.

Simply Wall St -

China Communications Services Corporation Limited (HKG:552): What We Can Expect From This Growth Stock

Since China Communications Services Corporation Limited (HKG:552) released its earnings in December 2018, it seems that analyst forecasts are fairly optimistic, as a 12% increase in profits is expected in the upcoming year, relative to the past 5-year average growth rate of 6.4%. … See our latest analysis for China Communications Services How will China Communications Services perform in the near future? … Future Earnings: How does China Communications Services's growth rate compare to its peers and the wider market?

Simply Wall St -

Don't Sell China Communications Services Corporation Limited (HKG:552) Before You Read This

Check out our latest analysis for China Communications Services How Do You Calculate China Communications Services's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS) Or for China Communications Services: P/E of 12.61 = CN¥5.28 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.42 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … China Communications Services increased earnings per share by 6.9% last year.

Simply Wall St -

If You Had Bought China Communications Services (HKG:552) Stock Five Years Ago, You Could Pocket A 64% Gain Today

China Communications Services Corporation Limited (HKG:552) shareholders might be concerned after seeing the share price drop 27% in the last quarter. … During five years of share price growth, China Communications Services achieved compound earnings per share (EPS) growth of 5.3% per year. … We note that for China Communications Services the TSR over the last 5 years was 97%, which is better than the share price return mentioned above.

Simply Wall St -

Here's Why I Think China Communications Services (HKG:552) Is An Interesting Stock

So if you're like me, you might be more interested in profitable, growing companies, like China Communications Services (HKG:552). … I discovered that the median total compensation for the CEOs of companies like China Communications Services with market caps between CN¥28b and CN¥83b is about CN¥3.1m. … Although China Communications Services certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

Should China Communications Services Corporation Limited (HKG:552) Be Part Of Your Dividend Portfolio?

Could China Communications Services Corporation Limited (HKG:552) be an attractive dividend share to own for the long haul? … With a 2.8% yield and a nine-year payment history, investors probably think China Communications Services looks like a reliable dividend stock. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to see if earnings per share (EPS) are growing. Why take the risk of a dividend getting cut, unless there's a good chance of bigger dividends in future? Earnings have grown at around 5.3% a year for the past five years, which is better than seeing them shrink! Earnings per share have been growing at a credible rate. What's more, the payout ratio is reasonable and provides some protection to the dividend, or even the potential to increase it. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Is China Communications Services Corporation Limited's (HKG:552) Liquidity Good Enough?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like China Communications Services Corporation Limited (HKG:552), with a market cap of HK$44b, are often out of the spotlight. … Don’t forget that this is a general and concentrated examination of China Communications Services's financial health, so you should conduct further analysis. … View our latest analysis for China Communications Services

Simply Wall St -

Why China Communications Services Corporation Limited (HKG:552) Could Be Worth Watching

China Communications Services Corporation Limited (HKG:552), which is in the telecom business, and is based in China,. … A question to answer is whether China Communications Services's current trading price of HK$6.76 reflective of the actual value of the? … Let’s take a look at China Communications Services’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Does The Hype Around China Communications Services Corporation Limited's (HKG:552) Growth Justify Its April Share Price?

Growth expectations for China Communications Services Corporation Limited (HKG:552) are high, but many investors are starting to ask whether its last close at HK$6.78 can still be rationalized by the future potential. … Check out our latest analysis for China Communications Services? … According to the analysts covering the company, the following few years should bring about good growth prospects for China Communications Services

Simply Wall St -

552 Company Info

Description

China Communications Services Corporation Limited provides telecommunications support services worldwide. It offers telecommunications infrastructure services, including communications network consultation, planning, design, engineering, construction, and supervision for fixed-line, mobile, broadband networks, and supporting systems; construction services of ancillary communications networks; and integrated solutions for informatization, as well as smart solutions for intelligentization of industries. The company also provides business process outsourcing services comprising network maintenance services that include fiber optic and electric cables, mobile base stations, network equipment, and terminals; general facilities management services for customers data centers, cloud computing bases, commercial and residential buildings, high-speed railway stations, airports, etc.; warehousing, logistics, procurement agency, distribution wholesaling, and import and export agency services; and telecommunications and informatization equipment, non-telecommunications equipment, and terminals distribution services, as well as operates distribution stores under the ZhongTongFu brand that sells and repairs terminals, and provides telecom operators’ agency services. In addition, it offers applications, content, and other services, such as system integration, software development and system support, value-added, and other services. Further, the company provides submarine cable installation and other related services. It serves telecommunications operators; non-telecom operator customers, such as government agencies, financial institutions, broadcasting and television enterprises, construction enterprises, and transportation and power sectors; and corporates and other enterprises. The company was founded in 2006 and is based in Beijing, China. China Communications Services Corporation Limited is a subsidiary of China Telecommunications Corporation.

Details
Name: China Communications Services Corporation Limited
552
Exchange: SEHK
Founded: 2006
HK$38,647,182,672
6,926,018,400
Website: http://www.chinaccs.com.hk
Address: China Communications Services Corporation Limited
No. 19 Chaoyangmen Beidajie,
13th Floor,
Beijing,
100010,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 552 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 08. Dec 2006
OTCPK CUCS.F Foreign Shares-Foreign Listed Pink Sheets LLC US USD 08. Dec 2006
DB CMW Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 08. Dec 2006
SHSC 552 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. Dec 2006
SZSC 552 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. Dec 2006
OTCPK CUCS.Y ADR Pink Sheets LLC US USD 15. Oct 2008
Number of employees
Current staff
Staff numbers
93,087
China Communications Services employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:51
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/04/24
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.