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Fullshare Holdings

SEHK:607
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
607
SEHK
HK$6B
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

Fullshare Holdings Limited, an investment holding company, engages in the property development, sale of gear products, and investment activities in the People’s Republic of China, the United States, Europe, Australia, and internationally. The last earnings update was 87 days ago. More info.


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  • Fullshare Holdings has significant price volatility in the past 3 months.
607 Share Price and Events
7 Day Returns
6.8%
SEHK:607
0.1%
HK Electrical
0.6%
HK Market
1 Year Returns
-91.1%
SEHK:607
-27.9%
HK Electrical
-4.5%
HK Market
607 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fullshare Holdings (607) 6.8% -36.4% -64.6% -91.1% -90.7% 5%
HK Electrical 0.1% -5.4% -16.6% -27.9% -34.7% -36.8%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 607 underperformed the Electrical industry which returned -27.9% over the past year.
  • 607 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
607
Industry
5yr Volatility vs Market

607 Value

 Is Fullshare Holdings 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 Fullshare Holdings. This is due to cash flow or dividend data being unavailable. The share price is HK$0.315.
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 Fullshare Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fullshare Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:607 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-0.15
SEHK:607 Share Price ** SEHK (2019-07-22) in HKD HK$0.32
SEHK:607 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.28
Hong Kong Electrical Industry PE Ratio Median Figure of 23 Publicly-Listed Electrical Companies 10.77x
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 Fullshare Holdings.

SEHK:607 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:607 Share Price ÷ EPS (both in CNY)

= 0.28 ÷ -0.15

-1.81x

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

  • Fullshare Holdings is loss making, we can't compare its value to the HK Electrical industry average.
  • Fullshare Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Fullshare Holdings's expected growth come at a high price?
Raw Data
SEHK:607 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
36.6%per year
Hong Kong Electrical Industry PEG Ratio Median Figure of 9 Publicly-Listed Electrical Companies 0.94x
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 Fullshare Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fullshare Holdings's assets?
Raw Data
SEHK:607 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.05
SEHK:607 Share Price * SEHK (2019-07-22) in HKD HK$0.32
SEHK:607 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.28
Hong Kong Electrical Industry PB Ratio Median Figure of 34 Publicly-Listed Electrical Companies 0.64x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:607 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:607 Share Price ÷ Book Value per Share (both in CNY)

= 0.28 ÷ 1.05

0.26x

* Primary Listing of Fullshare Holdings.

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

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

607 Future Performance

 How is Fullshare Holdings expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover Fullshare Holdings, 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
36.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fullshare Holdings expected to grow at an attractive rate?
  • Fullshare Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Fullshare Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Fullshare Holdings's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:607 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:607 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 36.6%
SEHK:607 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 117.7%
Hong Kong Electrical Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Hong Kong Electrical Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
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:607 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:607 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 130,063 1
2019-12-31 12,279 1
SEHK:607 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 10,289 209 -3,030
2018-09-30 10,182 572 178
2018-06-30 10,075 936 3,385
2018-03-31 10,551 1,459 2,826
2017-12-31 11,026 1,982 2,267
2017-09-30 9,389 1,653 1,574
2017-06-30 7,752 1,323 881
2017-03-31 6,032 1,204 1,983
2016-12-31 4,311 1,086 3,086
2016-09-30 3,473 1,318 2,706
2016-06-30 2,634 1,551 2,326
2016-03-31 2,865 1,379 1,772

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fullshare Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Fullshare Holdings's revenue is expected to grow significantly at over 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:607 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 1 Analyst Estimates (S&P Global) See Below

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

SEHK:607 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
SEHK:607 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -0.15
2018-09-30 0.01
2018-06-30 0.17
2018-03-31 0.14
2017-12-31 0.11
2017-09-30 0.08
2017-06-30 0.05
2017-03-31 0.12
2016-12-31 0.19
2016-09-30 0.17
2016-06-30 0.15
2016-03-31 0.12

*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 Fullshare Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fullshare Holdings'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.
Fullshare Holdings has a total score of 5/6, 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.

607 Past Performance

  How has Fullshare Holdings 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 Fullshare Holdings's growth in the last year to its industry (Electrical).
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.
  • Fullshare Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Fullshare Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Fullshare Holdings's 1-year growth to the HK Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Fullshare Holdings'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 Fullshare Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:607 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 10,288.65 -3,029.95 1,466.13 347.71
2018-09-30 10,182.07 177.59 1,612.54 337.42
2018-06-30 10,075.48 3,385.13 1,889.01
2018-03-31 10,550.97 2,826.29 1,923.29
2017-12-31 11,026.46 2,267.45 1,827.53 327.14
2017-09-30 9,389.40 1,574.16 1,618.61 163.57
2017-06-30 7,752.34 880.86 1,409.69
2017-03-31 6,031.88 1,983.44 1,058.95
2016-12-31 4,311.42 3,086.02 708.21
2016-09-30 3,472.63 2,706.13 553.07
2016-06-30 2,633.84 2,326.24 397.94
2016-03-31 2,864.72 1,772.03 350.73
2015-12-31 3,095.61 1,217.83 303.53
2015-09-30 2,548.41 445.10 204.37
2015-06-30 2,283.14 -351.70 179.89
2015-03-31 1,538.27 -711.34 139.77
2014-12-31 793.40 -1,070.99 99.65
2014-06-30 922.26 -428.90 74.31
2014-03-31 890.83 -319.30 64.99
2013-12-31 859.39 -209.70 55.67
2012-12-31 399.14 30.47 48.77

*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.
  • It is difficult to establish if Fullshare Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Fullshare Holdings has efficiently used its assets last year compared to the HK Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Fullshare Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Fullshare Holdings'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 Electrical 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.
Fullshare Holdings has a total score of 0/6, 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.

607 Health

 How is Fullshare Holdings'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 Fullshare Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fullshare Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fullshare Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fullshare Holdings'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 2.2x 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 Fullshare Holdings Company Filings, last reported 6 months ago.

SEHK:607 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 23,900.54 12,998.75 10,482.76
2018-09-30 23,900.54 12,998.75 10,482.76
2018-06-30 27,797.46 14,361.26 14,690.59
2018-03-31 27,797.46 14,361.26 14,690.59
2017-12-31 27,203.70 14,048.99 12,573.74
2017-09-30 27,203.70 14,048.99 12,573.74
2017-06-30 24,986.15 10,763.49 7,286.78
2017-03-31 24,986.15 10,763.49 7,286.78
2016-12-31 26,313.67 9,007.99 10,140.18
2016-09-30 26,313.67 9,007.99 10,140.18
2016-06-30 6,850.79 993.54 4,434.06
2016-03-31 6,850.79 993.54 4,434.06
2015-12-31 5,318.24 985.01 2,838.67
2015-09-30 4,959.64 900.27 2,792.44
2015-06-30 2,895.26 2,259.21 183.20
2015-03-31 2,895.26 2,259.21 183.20
2014-12-31 2,168.85 926.01 355.04
2014-06-30 -313.26 1,042.35 75.96
2014-03-31 -313.26 1,042.35 75.96
2013-12-31 -194.75 953.25 116.36
2012-12-31 389.71 292.61 154.47
  • Fullshare Holdings's level of debt (54.4%) compared to net worth is high (greater than 40%).
  • Fullshare Holdings had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (1.6%, less than 20% of total debt).
  • Fullshare Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Fullshare Holdings'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. Fullshare Holdings has a total score of 3/6, 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.

607 Dividends

 What is Fullshare Holdings'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
0%
Current annual income from Fullshare Holdings dividends. Estimated to be 0% next year.
If you bought HK$2,000 of Fullshare Holdings shares you are expected to receive HK$0 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?
  • Unable to evaluate Fullshare Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fullshare Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:607 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 1 Analyst Estimates (S&P Global) See Below
Hong Kong Electrical Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.2%
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:607 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
SEHK:607 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-26 0.000 0.000
2019-04-01 0.000 0.000
2018-04-18 0.015 0.725
2018-03-29 0.015 0.453
2017-04-18 0.015 0.529
2016-05-20 0.010 0.328

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

  • Unable to perform a dividend volatility check as Fullshare Holdings has not reported any payouts.
  • Unable to verify if Fullshare Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fullshare Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fullshare Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Fullshare Holdings's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess Fullshare Holdings'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 Fullshare Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fullshare Holdings has a total score of 0/6, see the detailed checks below.


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

607 Management

 What is the CEO of Fullshare Holdings'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
Changqun Ji
COMPENSATION CN¥924,000
AGE 50
CEO Bio

Mr. Changqun Ji has been the Chairman and Chief Executive Officer of Fullshare Holdings Limited since December 12, 2013 and its Executive Director since December 12, 2013. Mr. Ji has over 25 years of management experience in the real estate industry in the PRC. He is a PRC Senior Engineer and Senior Economist.He served as the Project Manager and the Branch Manager of Nanjing Jiasheng Infrastructure Engineering Co., Ltd. from March 1993 to August 1995. Mr. Ji served as the Deputy General Manager and the General Manager of Jiasheng Construction Group Co., Ltd. from September 1995 to November 2011. He serves as The honorary chairman of Nanjing University of Chinese Medicine. He holds a lot of important social positions, including the representative of People's Congress of Nanjing, the Vice Chairman of Jiangsu Federation of Industrial Economics, Jiangsu Enterprise Confederation and Jiangsu Enterprise Directors Association, the chairman of Anhui Chamber of Commerce of Jiangsu, the Vice President and Vice Chairman of Nanjing Federation of Industry and Commerce, the Vice Chairman of Nanjing Yuhuatai District Private and Individual Economy Association and Nanjing Overseas Exchange Association, the member of the council of Nanjing University, the guest professor of Nanjing University of Chinese Medicine, the dean of Fullshare Health Institute. Mr. Ji was awarded with various honors, including Nanjing Model Worker in 2006, Outstanding Contribution Entrepreneur of Jiangsu Construction Industry in 2007, Nanjing Guangcai Programme Star in 2010, National Outstanding Entrepreneur on Staff Caring in Private Sector in 2011, May 1 Labour Medal award winner of Jiangsu Province in 2012, Outstanding Builder of Socialism with Chinese Characteristics of Jiangsu Province in 2012 and Top 10 Integrity Models issued by Jiangsu Province in 2012. He has been the Chairman of Nanjing Fullshare Industrial Holding Co. Limited (Nanjing Fullshare Holding) since November 2002. He obtained a diploma of adult higher education majoring in highway and city road issued by Nanjing Associated Workers' College in February 1999. He studied the courses for postgraduates majoring in management science and engineering in Southeast University from September 2003 to September 2005. Mr. Ji obtained a Master's degree majoring in Business Administration issued by Macau University of Science and Technology in June 2006. He holds a Postgraduates majoring in management science and engineering in Southeast University.

CEO Compensation
  • Changqun's compensation has increased whilst company is loss making.
  • Changqun's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Fullshare Holdings management team in years:

4.2
Average Tenure
41.5
Average Age
  • The tenure for the Fullshare Holdings management team is about average.
Management Team

Changqun Ji

TITLE
Chairman & CEO
COMPENSATION
CN¥924K
AGE
50

Zhiqiang Shi

TITLE
Chief Investment Officer & Special Assistant to the CEO
COMPENSATION
CN¥4M
AGE
43
TENURE
5.5 yrs

Bo Wang

TITLE
Executive Director
COMPENSATION
CN¥4M
AGE
39

Wei Du

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
38

Ying Seto

TITLE
Company Secretary & Financial Controller
COMPENSATION
CN¥7K
AGE
43

Chi Ping Yuen

TITLE
Chief Operating Officer
AGE
40
TENURE
4.8 yrs

Fei Zhou

TITLE
Chief Risk Officer & Head of Legal Compliance Department
AGE
37

Jack Tsai

TITLE
Chief Portfolio Officer
AGE
38
TENURE
3.4 yrs

Daniel Tao

TITLE
Chief Branding Officer
AGE
52
TENURE
3.6 yrs

Jian Lu

TITLE
President of Property & Tourism Department
AGE
50
Board of Directors Tenure

Average tenure and age of the Fullshare Holdings board of directors in years:

5.6
Average Tenure
52.5
Average Age
  • The tenure for the Fullshare Holdings board of directors is about average.
Board of Directors

Changqun Ji

TITLE
Chairman & CEO
COMPENSATION
CN¥924K
AGE
50
TENURE
5.6 yrs

Bo Wang

TITLE
Executive Director
COMPENSATION
CN¥4M
AGE
39
TENURE
4.8 yrs

Wei Du

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
38
TENURE
1 yrs

Chi Keung Lau

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥308K
AGE
70
TENURE
5.6 yrs

Siu Lui Chow

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥308K
AGE
59
TENURE
5.6 yrs

Kirk Tsang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥308K
AGE
55
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • Fullshare Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
12. Jul 19 Sell Changqun Ji Individual 09. Jul 19 09. Jul 19 -9,700,000 HK$0.28 HK$-2,729,549
10. Jul 19 Sell Changqun Ji Individual 08. Jul 19 08. Jul 19 -20,000,000 HK$0.25 HK$-5,009,980
09. Jul 19 Sell Changqun Ji Individual 05. Jul 19 05. Jul 19 -15,000,000 HK$0.28 HK$-4,144,556
08. Jul 19 Sell Changqun Ji Individual 04. Jul 19 04. Jul 19 -8,000,000 HK$0.33 HK$-2,606,427
05. Jul 19 Sell Changqun Ji Individual 03. Jul 19 03. Jul 19 -6,600,000 HK$0.41 HK$-2,676,301
04. Jul 19 Sell Changqun Ji Individual 02. Jul 19 02. Jul 19 -4,777,500 HK$0.46 HK$-2,183,326
X
Management checks
We assess Fullshare Holdings'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. Fullshare Holdings 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.

607 News

Simply Wall St News

Fullshare Holdings (HKG:607) Has A Somewhat Strained Balance Sheet

SEHK:607 Historical Debt, July 8th 2019 A Look At Fullshare Holdings's Liabilities According to the last reported balance sheet, Fullshare Holdings had liabilities of CN¥18.6b due within 12 months, and liabilities of CN¥7.53b due beyond 12 months. … Because it carries more debt than cash, we think it's worth watching Fullshare Holdings's balance sheet over time. … Happily for any shareholders, Fullshare Holdings actually produced more free cash flow than EBIT over the last three years.

Simply Wall St -

Does Fullshare Holdings Limited's (HKG:607) Debt Level Pose A Problem?

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Fullshare Holdings Limited (HKG:607), with a market cap of HK$17b, often get neglected by retail investors. … Let’s take a look at 607’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … View our latest analysis for Fullshare Holdings

Simply Wall St -

Did Business Growth Power Fullshare Holdings's (HKG:607) Share Price Gain of 297%?

Some Fullshare Holdings Limited (HKG:607) shareholders are probably rather concerned to see the share price fall 48% over the last three months. … So while it's never fun to see a share price fall, it's important to look at a longer time horizon. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance.

Simply Wall St -

Could Fullshare Holdings Limited's (HKG:607) Investor Composition Influence The Stock Price?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Fullshare Holdings has a market capitalization of HK$31b, so it's too big to fly under the radar. … View our latest analysis for Fullshare Holdings

Simply Wall St -

How Financially Strong Is Fullshare Holdings Limited (HKG:607)?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Fullshare Holdings Limited (HKG:607), with a market cap of HK$36b, are often out of the spotlight. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Participate in a short research study and receive a 6-month subscription to the award winning Simply Wall St research tool (valued at $60)

Simply Wall St -

Is Fullshare Holdings Limited's (HKG:607) ROE Of 12% Impressive?

To keep the lesson grounded in practicality, we'll use ROE to better understand Fullshare Holdings Limited (HKG:607). … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Why Fullshare Holdings Limited’s (HKG:607) Return On Capital Employed Might Be A Concern

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

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How Much Of Fullshare Holdings Limited (HKG:607) Do Insiders Own?

The big shareholder groups in Fullshare Holdings Limited (HKG:607) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Fullshare Holdings is a pretty big company.

Simply Wall St -

Despite Its High P/E Ratio, Is Fullshare Holdings Limited (HKG:607) Still Undervalued?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Fullshare Holdings has a price to earnings ratio of 15.79, based on the last twelve months. … How Do I Calculate Fullshare Holdings's Price To Earnings Ratio

Simply Wall St -

Can Fullshare Holdings Limited's (HKG:607) ROE Continue To Surpass The Industry Average?

Over the last twelve months Fullshare Holdings has recorded a ROE of 12%. … View our latest analysis for Fullshare Holdings? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

607 Company Info

Description

Fullshare Holdings Limited, an investment holding company, engages in the property development, sale of gear products, and investment activities in the People’s Republic of China, the United States, Europe, Australia, and internationally. It operates through five segments: Properties; Tourism; Investment and Financial Services; Healthcare, Education, and Others; and New Energy. The company develops and sells properties, including residential, hotels, offices, apartments, and shopping malls. It also holds and trades in various investments and financial products, such as securities, bonds, funds, derivatives, structured, and other treasury products; and provides tourist services. It also engages in the research, development, production, and sale of medical imaging equipment; and manufacture and sale of gear products that are used in wind power and a range of industrial applications. In addition, the company provides healthcare and education products and services. The company was formerly known as Warderly International Holdings Limited and changed its name to Fullshare Holdings Limited in October 2014. Fullshare Holdings Limited is headquartered in Central, Hong Kong. Fullshare Holdings Limited is a subsidiary of Magnolia Wealth International Limited.

Details
Name: Fullshare Holdings Limited
607
Exchange: SEHK
Founded:
HK$6,209,135,204
19,711,540,331
Website: http://www.fullshare.com
Address: Fullshare Holdings Limited
Champion Tower,
Unit 10-12,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 607 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Dec 2013
OTCPK FLLH.F Ordinary Shares Pink Sheets LLC US USD 16. Dec 2013
BST WAV Ordinary Shares Boerse-Stuttgart DE EUR 16. Dec 2013
SHSC 607 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 16. Dec 2013
SZSC 607 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 16. Dec 2013
Number of employees
Current staff
Staff numbers
6,652
Fullshare Holdings employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:36
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/04/15
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.