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China Ocean Industry Group

SEHK:651
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
651
SEHK
HK$218M
Market Cap
  1. Home
  2. HK
  3. Capital Goods
Company description

China Ocean Industry Group Limited, an investment holding company, engages in shipbuilding business in the People’s Republic of China, Germany, Hong Kong, and Northern Europe. The last earnings update was 83 days ago. More info.


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  • China Ocean Industry Group has significant price volatility in the past 3 months.
651 Share Price and Events
7 Day Returns
0%
SEHK:651
1.5%
HK Machinery
0.6%
HK Market
1 Year Returns
-66.7%
SEHK:651
10.9%
HK Machinery
-4.5%
HK Market
651 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Ocean Industry Group (651) 0% -21.1% -25% -66.7% -92% -96.3%
HK Machinery 1.5% 0.3% -7% 10.9% 61% 40.8%
HK Market 0.6% 0.4% -7% -4.5% 17.8% 1.1%
1 Year Return vs Industry and Market
  • 651 underperformed the Machinery industry which returned 10.9% over the past year.
  • 651 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
651
Industry
5yr Volatility vs Market

651 Value

 Is China Ocean Industry Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether China Ocean Industry Group is trading at an attractive price based on the cash flow it is expected to produce in the future. But as China Ocean Industry Group has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for China Ocean Industry Group. This is due to cash flow or dividend data being unavailable. The share price is HK$0.015.
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 Ocean Industry Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Ocean Industry Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:651 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$-0.11
SEHK:651 Share Price ** SEHK (2019-07-22) in HKD HK$0.02
Hong Kong Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 9.04x
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 China Ocean Industry Group.

SEHK:651 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:651 Share Price ÷ EPS (both in HKD)

= 0.02 ÷ -0.11

-0.13x

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

  • China Ocean Industry Group is loss making, we can't compare its value to the HK Machinery industry average.
  • China Ocean Industry Group is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Ocean Industry Group's expected growth come at a high price?
Raw Data
SEHK:651 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Machinery Industry PEG Ratio Median Figure of 13 Publicly-Listed Machinery Companies 0.7x
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 China Ocean Industry Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Ocean Industry Group's assets?
Raw Data
SEHK:651 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$-0.18
SEHK:651 Share Price * SEHK (2019-07-22) in HKD HK$0.02
Hong Kong Machinery Industry PB Ratio Median Figure of 50 Publicly-Listed Machinery Companies 0.99x
Hong Kong Market PB Ratio Median Figure of 2,198 Publicly-Listed Companies 0.92x
SEHK:651 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:651 Share Price ÷ Book Value per Share (both in HKD)

= 0.02 ÷ -0.18

-0.08x

* Primary Listing of China Ocean Industry Group.

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

  • China Ocean Industry Group has negative assets, we can't compare the value of its assets to the HK Machinery industry average.

Next steps:

  1. Take a look at our analysis of 651’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through China Ocean Industry Group's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Machinery industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess China Ocean Industry Group'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. China Ocean Industry Group has a total score of 0/6, 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.

651 Future Performance

 How is China Ocean Industry Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as China Ocean Industry Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
12.7%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Ocean Industry Group expected to grow at an attractive rate?
  • Unable to compare China Ocean Industry Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Ocean Industry Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare China Ocean Industry Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:651 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Machinery Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Hong Kong Machinery Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
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:651 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:651 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:651 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 -468 -713 -1,545
2018-09-30 -108 -302 -1,211
2018-06-30 253 111 -876
2018-03-31 301 159 -744
2017-12-31 349 206 -612
2017-09-30 390 -178 -486
2017-06-30 431 -561 -361
2017-03-31 424 -698 -357
2016-12-31 417 -835 -353
2016-09-30 338 -638 -382
2016-06-30 259 -441 -411
2016-03-31 208 -410 -456

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Ocean Industry Group is high growth as no earnings estimate data is available.
  • Unable to determine if China Ocean Industry Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:651 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 China Ocean Industry Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:651 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:651 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 -0.11
2018-09-30 -0.09
2018-06-30 -0.06
2018-03-31 -0.06
2017-12-31 -0.05
2017-09-30 -0.04
2017-06-30 -0.03
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.04

*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 China Ocean Industry Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 651’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. China Ocean Industry Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. China Ocean Industry Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China Ocean Industry Group'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 Ocean Industry Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

651 Past Performance

  How has China Ocean Industry Group 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 Ocean Industry Group's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Ocean Industry Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Ocean Industry Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Ocean Industry Group's 1-year growth to the HK Machinery industry average as it is not currently profitable.
Earnings and Revenue History
China Ocean Industry Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

SEHK:651 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -468.03 -1,545.44 228.05
2018-09-30 -107.67 -1,210.64 204.95
2018-06-30 252.69 -875.84 239.55
2018-03-31 300.96 -743.81 225.87
2017-12-31 349.24 -611.79 154.51
2017-09-30 390.21 -486.41 230.47
2017-06-30 431.19 -361.02 306.43
2017-03-31 424.25 -357.09 308.68
2016-12-31 417.31 -353.16 310.94
2016-09-30 338.08 -381.86 245.93
2016-06-30 258.85 -410.56 180.93
2016-03-31 208.24 -455.68 160.60
2015-12-31 157.64 -500.80 140.28
2015-09-30 123.32 -597.11 147.53
2015-06-30 89.01 -693.41 154.79
2015-03-31 96.95 -663.29 155.41
2014-12-31 104.88 -633.18 156.03
2014-09-30 145.81 -545.02 169.47
2014-06-30 186.74 -456.86 182.91
2014-03-31 338.94 -397.15 182.33
2013-12-31 491.14 -337.44 181.75
2013-09-30 957.99 -374.78 137.46
2013-06-30 1,424.83 -412.11 93.17
2013-03-31 1,647.57 -378.11 95.97
2012-12-31 1,870.30 -344.10 98.78
2012-09-30 1,871.51 -381.67 83.43

*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 China Ocean Industry Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if China Ocean Industry Group has efficiently used its assets last year compared to the HK Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Ocean Industry Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess China Ocean Industry Group'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 Machinery 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 Ocean Industry Group 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.

651 Health

 How is China Ocean Industry Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Ocean Industry Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Ocean Industry Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Ocean Industry Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Ocean Industry Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • China Ocean Industry Group has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Ocean Industry Group Company Filings, last reported 6 months ago.

SEHK:651 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -2,178.76 3,563.79 10.04
2018-09-30 -2,178.76 3,563.79 10.04
2018-06-30 -1,344.82 2,493.26 11.70
2018-03-31 -1,344.82 2,493.26 11.70
2017-12-31 -896.13 2,672.72 15.33
2017-09-30 -896.13 2,672.72 15.33
2017-06-30 -571.44 2,747.80 27.57
2017-03-31 -571.44 2,747.80 27.57
2016-12-31 -604.75 2,437.10 103.96
2016-09-30 -604.75 2,437.10 103.96
2016-06-30 -552.88 1,724.31 51.79
2016-03-31 -552.88 1,724.31 51.79
2015-12-31 -386.77 1,504.61 72.13
2015-09-30 -386.77 1,504.61 72.13
2015-06-30 -513.74 1,286.86 12.42
2015-03-31 -513.74 1,286.86 12.42
2014-12-31 -778.28 1,531.90 17.57
2014-09-30 -778.28 1,531.90 17.57
2014-06-30 -592.98 1,748.92 1,006.86
2014-03-31 -592.98 1,748.92 1,006.86
2013-12-31 -1,037.20 1,351.80 14.89
2013-09-30 -1,037.20 1,351.80 14.89
2013-06-30 -827.76 1,083.52 46.10
2013-03-31 -827.76 1,083.52 46.10
2012-12-31 -723.07 1,040.53 48.53
2012-09-30 -723.07 1,040.53 48.53
  • China Ocean Industry Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if China Ocean Industry Group's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • China Ocean Industry Group has less than a year of cash runway based on current free cash flow.
  • China Ocean Industry Group has less than a year of cash runway if free cash flow continues to reduce at historical rates of -25.9% each year.
X
Financial health checks
We assess China Ocean Industry Group'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 Ocean Industry Group has a total score of 1/6, 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.

651 Dividends

 What is China Ocean Industry Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from China Ocean Industry Group dividends.
If you bought HK$2,000 of China Ocean Industry Group 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 China Ocean Industry Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Ocean Industry Group'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:651 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Machinery Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.1%
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:651 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as China Ocean Industry Group has not reported any payouts.
  • Unable to verify if China Ocean Industry Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Ocean Industry Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Ocean Industry Group has not reported any payouts.
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 China Ocean Industry Group'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 Ocean Industry Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Ocean Industry Group 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.

651 Management

 What is the CEO of China Ocean Industry Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shi Hong Zhang
COMPENSATION HK$1,200,000
AGE 50
TENURE AS CEO 3.8 years
CEO Bio

Mr. Shi Hong Zhang serves as the Chief Executive Officer of China Ocean Industry Group Limited since September 22, 2015. Mr. Zhang serves as General Manager of Sirius China at Sirius Machinery AB. Mr. Zhang has over 15 years of experience in finance, credit management and investment management. He worked at the Head Office of Bank of China for around 9 years and was mainly responsible for credit management. He also pursued investment management in various corporations in China. Mr. Zhang serves as Chairman of HuNan YiChang Express Way Development Co., Ltd. He has been an Executive Director of China Ocean Industry Group Limited (formerly Wonson International Holdings Ltd.) since December 05, 2007. Mr. Zhang holds a Master Degree in Economics.

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

Ming Li

TITLE
Chairman
COMPENSATION
HK$1M
AGE
56

Shi Hong Zhang

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
50
TENURE
3.8 yrs

Weibing Zhang

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
53

Yiu On Tong

TITLE
Company Secretary
AGE
53
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure and age of the China Ocean Industry Group board of directors in years:

9.9
Average Tenure
56
Average Age
  • The tenure for the China Ocean Industry Group board of directors is about average.
Board of Directors

Ming Li

TITLE
Chairman
COMPENSATION
HK$1M
AGE
56
TENURE
4.1 yrs

Shi Hong Zhang

TITLE
CEO & Executive Director
COMPENSATION
HK$1M
AGE
50
TENURE
11.6 yrs

Yuen Chau

TITLE
Honorary Chairman
COMPENSATION
HK$1M
AGE
71
TENURE
4.1 yrs

Weibing Zhang

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
53
TENURE
1.7 yrs

Bai He Hu

TITLE
Independent & Non-Executive Director
COMPENSATION
HK$100K
AGE
56
TENURE
11.2 yrs

Ying Xiang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
65
TENURE
9.9 yrs

Siying Xiang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$100K
AGE
56
TENURE
11.2 yrs
Who owns this company?
Recent Insider Trading
  • China Ocean Industry Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
30. Apr 19 Sell Shi Hong Zhang Individual 29. Apr 19 29. Apr 19 -9,000,000 HK$0.02 HK$-170,973
14. Jan 19 Sell Shi Hong Zhang Individual 11. Jan 19 11. Jan 19 -2,200,000 HK$0.02 HK$-48,396
04. Jan 19 Buy Ming Li Individual 04. Jan 19 04. Jan 19 7,295,000 HK$0.02 HK$158,305
28. Dec 18 Buy Ming Li Individual 27. Dec 18 27. Dec 18 5,600,000 HK$0.02 HK$104,144
31. Dec 18 Buy Ming Li Individual 20. Dec 18 20. Dec 18 1,750,000 HK$0.02 HK$30,101
24. Dec 18 Buy Ming Li Individual 24. Dec 18 24. Dec 18 7,380,000 HK$0.02 HK$135,799
24. Dec 18 Buy Ming Li Individual 21. Dec 18 21. Dec 18 890,000 HK$0.02 HK$15,133
24. Oct 18 Buy Ming Li Individual 22. Oct 18 22. Oct 18 1,385,000 HK$0.03 HK$42,247
22. Oct 18 Buy Ming Li Individual 19. Oct 18 19. Oct 18 3,295,000 HK$0.03 HK$99,831
18. Oct 18 Buy Ming Li Individual 18. Oct 18 18. Oct 18 3,140,000 HK$0.03 HK$94,511
16. Oct 18 Buy Ming Li Individual 15. Oct 18 15. Oct 18 7,150,000 HK$0.03 HK$216,668
16. Oct 18 Buy Ming Li Individual 16. Oct 18 16. Oct 18 2,730,000 HK$0.03 HK$82,176
15. Oct 18 Buy Ming Li Individual 12. Oct 18 12. Oct 18 1,660,000 HK$0.03 HK$52,120
11. Oct 18 Buy Ming Li Individual 10. Oct 18 10. Oct 18 9,625,000 HK$0.04 HK$345,501
11. Oct 18 Buy Ming Li Individual 09. Oct 18 09. Oct 18 6,850,000 HK$0.04 HK$245,921
09. Oct 18 Buy Ming Li Individual 08. Oct 18 08. Oct 18 5,365,000 HK$0.04 HK$190,990
03. Oct 18 Buy Ming Li Individual 03. Oct 18 03. Oct 18 3,285,000 HK$0.04 HK$115,971
30. Sep 18 Buy Ming Li Individual 28. Sep 18 28. Sep 18 13,950,000 HK$0.04 HK$495,251
27. Sep 18 Buy Ming Li Individual 26. Sep 18 26. Sep 18 11,300,000 HK$0.03 HK$372,893
28. Sep 18 Buy Ming Li Individual 27. Sep 18 27. Sep 18 18,550,000 HK$0.03 HK$630,650
X
Management checks
We assess China Ocean Industry Group'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 Ocean Industry Group 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.

651 News

Simply Wall St News

How Should Investors Feel About China Ocean Industry Group Limited's (HKG:651) CEO Pay?

Check out our latest analysis for China Ocean Industry Group How Does Shi Hong Zhang's Compensation Compare With Similar Sized Companies? … Our data indicates that China Ocean Industry Group Limited is worth HK$205m, and total annual CEO compensation is HK$1.2m. … It looks like China Ocean Industry Group Limited pays its CEO less than similar sized companies.

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Those Who Purchased China Ocean Industry Group (HKG:651) Shares Five Years Ago Have A 94% Loss To Show For It

Spare a thought for those who held China Ocean Industry Group Limited (HKG:651) for five whole years - as the share price tanked 94%. … It seems likely some shareholders believe that China Ocean Industry Group will significantly advance the business plan before too long. … It certainly is a dangerous place to invest, as China Ocean Industry Group investors might realise.

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What Kind Of Shareholders Own China Ocean Industry Group Limited (HKG:651)?

Every investor in China Ocean Industry Group Limited (HKG:651) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$409m, China Ocean Industry Group is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for China Ocean Industry Group

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Our Take On China Ocean Industry Group Limited's (HKG:651) CEO Salary

In 2015 Shi Hong Zhang was appointed CEO of China Ocean Industry Group Limited (HKG:651). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … View our latest analysis for China Ocean Industry Group

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Did China Ocean Industry Group Limited (HKG:651) Insiders Buy Up More Shares?

So before you buy or sell China Ocean Industry Group Limited (HKG:651), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At China Ocean Industry Group. … That means that even when the share price was higher, an insider wanted to purchase shares.

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Do Insiders Own Lots Of Shares In China Ocean Industry Group Limited (HKG:651)?

Every investor in China Ocean Industry Group Limited (HKG:651) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$355m, China Ocean Industry Group is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for China Ocean Industry Group

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Does China Ocean Industry Group Limited's (HKG:651) CEO Pay Matter?

Shi Hong Zhang has been the CEO of China Ocean Industry Group Limited (HKG:651) since 2015. … See our latest analysis for China Ocean Industry Group? … At the time of writing our data says that China Ocean Industry Group Limited has a market cap of HK$409m, and is paying total annual CEO compensation of HK$1m.

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Who Are The Largest Shareholders In China Ocean Industry Group Limited (HKG:651)?

I am going to take a deep dive into China Ocean Industry Group Limited’s (HKG:651) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure of a company has been found to affect share performance over time. … View our latest analysis for China Ocean Industry Group

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Should You Worry About China Ocean Industry Group Limited's (HKG:651) CEO Salary Level?

This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … 651 can create value to shareholders by increasing its profitability, which in turn is reflected into the share price and the investor's ability to sell their shares at higher capital gains. … Typically I'd use market cap and profit as factors determining performance, however, 651's negative earnings reduces the effectiveness of this method.

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Who Really Owns China Ocean Industry Group Limited (HKG:651)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … In general, this level of insider ownership has negatively affected underperforming (consistently low PE ratio) companies and positively affected the companies that outperform (consistently high PE ratio). … General Public Ownership The general public holds a substantial 84.30% stake in 651, making it a highly popular stock among retail investors.

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651 Company Info

Description

China Ocean Industry Group Limited, an investment holding company, engages in shipbuilding business in the People’s Republic of China, Germany, Hong Kong, and Northern Europe. It operates through Shipbuilding Business, Trading Business, Finance Leasing Business, Intelligent Car Parking and Automotive Device Business, and Steel Structure Engineering and Installation segments. The company provides shipbuilding services; designs, manufactures, installs, and sells car parking equipment; invests in, operates, and manages car parks; and designs and manufactures electronic automotive devices. It is also involved in the trading of electronic appliances; and manufactures and sells steel structures and fittings for ship, marine equipment, mining equipment, ro-ro equipment, ship, bridge, and building steel structures. In addition, it manufactures and sells metal vessels and vessel ancillary products, as well as reparation of vessels; manufactures metal structures and components; imports and exports electronic devices; and acts as a sale agent for shipbuilding. Further, the company offers financial leasing services; acquisition and sale, and leaseback of fixed assets; and advisory and business factoring services, as well as develops new energy technologies and energy conservation facilities. Additionally, it operates Internet of vehicles; and provides software and information technology, and consulting and advisory services; and provision of pretreatment and painting services of steel plates. The company was formerly known as China Ocean Shipbuilding Industry Group Limited and changed its name to China Ocean Industry Group Limited in March 2016. China Ocean Industry Group Limited is based in Central, Hong Kong.

Details
Name: China Ocean Industry Group Limited
651
Exchange: SEHK
Founded:
HK$218,189,421
13,636,838,840
Website: http://
Address: China Ocean Industry Group Limited
West Tower,
Unit 2107, 21st Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 651 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 23. Jul 1998
MUN WNZ7 Ordinary Shares Boerse Muenchen DE EUR 23. Jul 1998
Number of employees
Current staff
Staff numbers
400
China Ocean Industry Group employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 12:41
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2017/04/27
Last earnings filing: 2019/04/30
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.