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China Huirong Financial Holdings

SEHK:1290
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1290
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

China Huirong Financial Holdings Limited, an investment holding company, provides short-term secured financing and wealth management services to small and medium sized enterprises, and individuals in the People’s Republic of China. The last earnings update was 32 days ago. More info.


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  • China Huirong Financial Holdings has significant price volatility in the past 3 months.
1290 Share Price and Events
7 Day Returns
-5.9%
SEHK:1290
-3.6%
HK Consumer Finance
-2.5%
HK Market
1 Year Returns
-12%
SEHK:1290
-39.6%
HK Consumer Finance
-15.9%
HK Market
1290 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Huirong Financial Holdings (1290) -5.9% -18.1% 6.7% -12% 18.8% -24%
HK Consumer Finance -3.6% -10.2% -5.4% -39.6% -32.8% -23.2%
HK Market -2.5% -8.6% -2.1% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 1290 outperformed the Consumer Finance industry which returned -39.6% over the past year.
  • 1290 outperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
1290
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Huirong Financial Holdings's competitors could be found in our database.

1290 Value

 Is China Huirong Financial 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
Here we compare the current share price of China Huirong Financial Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Huirong Financial Holdings.

SEHK:1290 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥1.57 * 3.8%
CN¥0.06
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥1.57
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1290
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 25%) (93.43%))
1.15
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.15 * 5.96%)
8.86%

Discounted Cash Flow Calculation for SEHK:1290 using Excess Returns Model Model

The calculations below outline how an intrinsic value for China Huirong Financial Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SEHK:1290 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.8% – 8.86%) * CN¥1.57)
CN¥-0.08
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.08 / (8.86% - 2%)
CN¥-1.17
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥1.57 + CN¥-1.17
CN¥0.4
SEHK:1290 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1290)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥0.4 x 1.135
HK$0.46
Value per share (HKD) From above. HK$0.46
Current discount Discount to share price of HK$0.95
= -1 x (HK$0.95 - HK$0.46) / HK$0.46
-108.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of China Huirong Financial Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Huirong Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Huirong Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1290 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.06
SEHK:1290 Share Price ** SEHK (2019-05-17) in HKD HK$0.95
SEHK:1290 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.84
Hong Kong Consumer Finance Industry PE Ratio Median Figure of 18 Publicly-Listed Consumer Finance Companies 7.51x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of China Huirong Financial Holdings.

SEHK:1290 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1290 Share Price ÷ EPS (both in CNY)

= 0.84 ÷ 0.06

14.92x

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

  • China Huirong Financial Holdings is overvalued based on earnings compared to the HK Consumer Finance industry average.
  • China Huirong Financial Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does China Huirong Financial Holdings's expected growth come at a high price?
Raw Data
SEHK:1290 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.4%per year
Asia Consumer Finance Industry PEG Ratio Median Figure of 17 Publicly-Listed Consumer Finance Companies 0.8x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*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 Huirong Financial Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Huirong Financial Holdings's assets?
Raw Data
SEHK:1290 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.61
SEHK:1290 Share Price * SEHK (2019-05-17) in HKD HK$0.95
SEHK:1290 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.84
Hong Kong Consumer Finance Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 0.63x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1290 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1290 Share Price ÷ Book Value per Share (both in CNY)

= 0.84 ÷ 1.61

0.52x

* Primary Listing of China Huirong Financial Holdings.

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

  • China Huirong Financial Holdings is good value based on assets compared to the HK Consumer Finance industry average.
X
Value checks
We assess China Huirong Financial 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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. China Huirong Financial 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.

1290 Future Performance

 How is China Huirong Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Huirong Financial 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
19.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Huirong Financial Holdings expected to grow at an attractive rate?
  • China Huirong Financial Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Huirong Financial Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare China Huirong Financial Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1290 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1290 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.4%
Hong Kong Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 33.5%
Hong Kong Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 22.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:1290 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1290 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 308 232 61
2018-09-30 280 326 59
2018-06-30 252 420 56
2018-03-31 266 319 54
2017-12-31 280 219 51
2017-09-30 277 98 54
2017-06-30 273 -24 57
2017-03-31 263 -103 48
2016-12-31 252 -182 40
2016-09-30 277 -183 45
2016-06-30 303 -184 49
2016-03-31 340 -105 75

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Huirong Financial Holdings's earnings are expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if China Huirong Financial Holdings 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:1290 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Huirong Financial Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1290 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.06
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.06
2017-03-31 0.05
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.05
2016-03-31 0.07

*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 Huirong Financial Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Huirong Financial 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.
China Huirong Financial Holdings has a total score of 2/6, 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.

1290 Past Performance

  How has China Huirong Financial 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 China Huirong Financial Holdings's growth in the last year to its industry (Consumer Finance).
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 Huirong Financial Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Huirong Financial Holdings's 1-year earnings growth exceeds its 5-year average (19.8% vs -26.6%)
  • China Huirong Financial Holdings's earnings growth has exceeded the HK Consumer Finance industry average in the past year (19.8% vs -5.7%).
Earnings and Revenue History
China Huirong Financial 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 China Huirong Financial Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1290 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 307.89 61.00 68.17
2018-09-30 280.01 58.65 66.50
2018-06-30 252.21 56.30 64.84
2018-03-31 266.20 53.60 64.60
2017-12-31 280.13 50.90 64.36
2017-09-30 276.58 53.83 63.75
2017-06-30 273.04 56.76 63.14
2017-03-31 262.60 48.42 60.13
2016-12-31 252.15 40.08 57.12
2016-09-30 277.47 44.59 48.84
2016-06-30 302.78 49.11 40.55
2016-03-31 339.58 75.50 40.19
2015-12-31 376.37 101.89 39.83
2015-09-30 386.21 122.99 43.89
2015-06-30 396.05 144.10 47.96
2015-03-31 392.44 154.55 44.39
2014-12-31 388.83 165.00 40.81
2014-09-30 347.24 152.35 36.23
2014-06-30 305.66 139.69 31.65
2014-03-31 271.40 133.21 29.20
2013-12-31 237.13 126.73 26.75
2013-09-30 222.94 116.94 27.35
2013-06-30 208.74 107.15 27.96
2013-03-31 209.00 101.60 32.51
2012-12-31 209.26 96.04 37.07

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Huirong Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Huirong Financial Holdings used its assets less efficiently than the HK Consumer Finance industry average last year based on Return on Assets.
  • China Huirong Financial Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Huirong Financial 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 Consumer Finance 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 Huirong Financial Holdings has a total score of 2/6, 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.

1290 Health

 How is China Huirong Financial 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 China Huirong Financial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Huirong Financial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Huirong Financial Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Huirong Financial 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 3.2x 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 China Huirong Financial Holdings Company Filings, last reported 4 months ago.

SEHK:1290 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,897.03 850.08 797.96
2018-09-30 1,897.03 850.08 797.96
2018-06-30 1,854.70 891.40 771.24
2018-03-31 1,854.70 891.40 771.24
2017-12-31 1,853.97 1,150.97 941.65
2017-09-30 1,853.97 1,150.97 941.65
2017-06-30 1,814.31 1,274.17 900.03
2017-03-31 1,814.31 1,274.17 900.03
2016-12-31 1,800.14 1,288.31 963.51
2016-09-30 1,800.14 1,288.31 963.51
2016-06-30 1,755.14 1,119.10 688.86
2016-03-31 1,755.14 1,119.10 688.86
2015-12-31 1,766.82 950.57 670.55
2015-09-30 1,766.82 950.57 670.55
2015-06-30 1,516.00 799.37 660.02
2015-03-31 1,516.00 799.37 660.02
2014-12-31 1,500.11 836.51 855.98
2014-09-30 1,500.11 836.51 855.98
2014-06-30 1,407.73 836.51 742.47
2014-03-31 1,407.73 836.51 742.47
2013-12-31 1,330.34 718.11 816.85
2013-09-30 1,330.34 718.11 816.85
2013-06-30 666.82 270.58 217.72
2013-03-31 666.82 270.58 217.72
2012-12-31 602.84 220.50 159.08
  • China Huirong Financial Holdings's level of debt (44.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (54% vs 44.8% today).
  • Debt is well covered by operating cash flow (27.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess China Huirong Financial 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. China Huirong Financial Holdings has a total score of 4/6, 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.

1290 Dividends

 What is China Huirong Financial 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
1.32%
Current annual income from China Huirong Financial Holdings dividends.
If you bought HK$2,000 of China Huirong Financial Holdings shares you are expected to receive HK$26 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 Huirong Financial Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • China Huirong Financial Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase China Huirong Financial Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:1290 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 Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 5%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 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:1290 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-17 0.011 1.190
2019-03-26 0.011 1.100
2018-05-28 0.011 1.352
2015-06-30 0.044 6.302

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

  • China Huirong Financial Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • China Huirong Financial Holdings has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of China Huirong Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess China Huirong Financial 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 China Huirong Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Huirong Financial Holdings has a total score of 1/6, see the detailed checks below.


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

1290 Management

 What is the CEO of China Huirong Financial 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
Min Wu
COMPENSATION CN¥1,425,000
AGE 49
CEO Bio

Mr. Min Wu serves as the Chief Executive Officer and President at China Huirong Financial Holdings Limited and has been its Chairman since June 1, 2017. Mr. Wu is responsible for the day-to-day operations and strategic development of China Huirong Financial Holdings. Mr. Wu joined China Huirong Financial Holdings Group in January 26, 2011. Mr. Wu serves as the General Manager of the PRC Operating Entity. He possesses approximately 26 years of experience in commercial banking, finance and management. Mr. Wu worked in various positions in the Suzhou branch of the Industrial and Commercial Bank of China from 1985 to 2011. Mr. Wu has been an Executive Director of China Huirong Financial Holdings Ltd. since May 17, 2012. In 2000, Mr. Wu obtained the Intermediate Economist qualification issued by the Ministry of Personnel of the PRC. He graduated from Jiangsu Radio and TV University, majoring in Finance, in 1994; from the Party School of the Central Committee of Communist Party of China Correspondence Institute, majoring in executive management, in 2001 and from the School of Business of Soochow University in 2003, where he completed a Postgraduate course in Finance.

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

Min Wu

TITLE
Chairman
COMPENSATION
CN¥1M
AGE
49

Changsong Zhang

TITLE
CFO & Executive Director
COMPENSATION
CN¥1M
AGE
45
TENURE
3.3 yrs

Yu Cao

TITLE
Chief Risk Officer
AGE
43

Ching Ching Leung

TITLE
Company Secretary
AGE
37
TENURE
5.6 yrs
Board of Directors Tenure

Average tenure and age of the China Huirong Financial Holdings board of directors in years:

5.6
Average Tenure
48
Average Age
  • The tenure for the China Huirong Financial Holdings board of directors is about average.
Board of Directors

Min Wu

TITLE
Chairman
COMPENSATION
CN¥1M
AGE
49
TENURE
1.9 yrs

Changsong Zhang

TITLE
CFO & Executive Director
COMPENSATION
CN¥1M
AGE
45
TENURE
3.3 yrs

Joe Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥375K
AGE
55
TENURE
5.6 yrs

Ke Feng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥375K
AGE
44
TENURE
5.6 yrs

Yat Hong Tse

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥375K
AGE
48
TENURE
5.6 yrs

You Zhuo

TITLE
Non-Executive Director
COMPENSATION
CN¥54K
AGE
49
TENURE
7 yrs

Cheng Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥54K
AGE
33
TENURE
7 yrs

Shu Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥54K
AGE
52
TENURE
3.2 yrs

Xiaoming Ling

TITLE
Non-Executive Director
AGE
45
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
31. Oct 18 Sell RRJ Capital Company 30. Oct 18 30. Oct 18 -24,000,000 HK$0.89 HK$-21,360,083
31. Aug 18 Sell RRJ Capital Company 31. Aug 18 31. Aug 18 -1,000,000 HK$1.00 HK$-999,998
12. Jun 18 Sell RRJ Capital Company 12. Jun 18 12. Jun 18 -1,204,000 HK$1.08 HK$-1,297,066
X
Management checks
We assess China Huirong Financial 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. China Huirong Financial 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.

1290 News

Simply Wall St News

Read This Before Buying China Huirong Financial Holdings Limited (HKG:1290) For Its Dividend

A dividend paying company with growing earnings can be rewarding in the long term. … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Investors might not know much about China Huirong Financial Holdings's dividend prospects, even though it has been paying dividends for the last four years and offers a 1.1% yield.

Simply Wall St -

Does China Huirong Financial Holdings Limited's (HKG:1290) Recent Track Record Look Strong?

Assessing China Huirong Financial Holdings Limited's (HKG:1290) past track record of performance is an insightful exercise for investors. … Today I will assess 1290's recent performance announced on 31 December 2018 and evaluate these figures to its long-term trend and industry movements. … Check out our latest analysis for China Huirong Financial Holdings.

Simply Wall St -

Introducing China Huirong Financial Holdings (HKG:1290), The Stock That Dropped 37% In The Last Five Years

While it may not be enough for some shareholders, we think it is good to see the China Huirong Financial Holdings Limited (HKG:1290) share price up 13% in a single quarter. … Check out our latest analysis for China Huirong Financial Holdings. … Looking back five years, both China Huirong Financial Holdings's share price and EPS declined; the latter at a rate of 20% per year.

Simply Wall St -

Should You Be Tempted To Sell China Huirong Financial Holdings Limited (HKG:1290) Because Of Its P/E Ratio?

We'll show how you can use China Huirong Financial Holdings Limited's (HKG:1290) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, China Huirong Financial Holdings's P/E ratio is 14.42. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholders Own China Huirong Financial Holdings Limited (HKG:1290)?

A look at the shareholders of China Huirong Financial Holdings Limited (HKG:1290) can tell us which group is most powerful. … China Huirong Financial Holdings is a smaller company with a market capitalization of HK$1.0b, so it may still be flying under the radar of many institutional investors. … Check out our latest analysis for China Huirong Financial Holdings

Simply Wall St -

Is China Huirong Financial Holdings Limited (HKG:1290) A Top Dividend Stock?

In the last few years China Huirong Financial Holdings Limited (HKG:1290) has paid a dividend to shareholders. … Does China Huirong Financial Holdings tick all the boxes of a great dividend stock? … View our latest analysis for China Huirong Financial Holdings

Simply Wall St -

What Does China Huirong Financial Holdings Limited's (HKG:1290) P/E Ratio Tell You?

We'll look at China Huirong Financial Holdings Limited's (HKG:1290) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 16.54 = CN¥0.88 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥0.053

Simply Wall St -

How Much Of China Huirong Financial Holdings Limited (HKG:1290) Do Insiders Own?

The big shareholder groups in China Huirong Financial Holdings Limited (HKG:1290) have power over the company. … China Huirong Financial Holdings is not a large company by global standards. … Check out our latest analysis for China Huirong Financial Holdings

Simply Wall St -

Is China Huirong Financial Holdings Limited (HKG:1290) A Good Dividend Stock?

China Huirong Financial Holdings Limited (HKG:1290) has recently paid dividends to shareholders, and currently yields 1.3%. … Let's dig deeper into whether China Huirong Financial Holdings should have a place in your portfolio. … Check out our latest analysis for China Huirong Financial Holdings

Simply Wall St -

With 27.01% Earnings Growth, Did China Huirong Financial Holdings Limited (HKG:1290) Outperform The Industry?

Below, I will examine China Huirong Financial Holdings Limited's (HKG:1290) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … See our latest analysis for China Huirong Financial Holdings. … How 1290 fared against its long-term earnings performance and its industry

Simply Wall St -

1290 Company Info

Description

China Huirong Financial Holdings Limited, an investment holding company, provides short-term secured financing and wealth management services to small and medium sized enterprises, and individuals in the People’s Republic of China. It offers short-term loans secured by collateral, such as real estate, equity interests, and personal property; guaranteed loans; and unsecured loans. The company also provides management and marketing consulting; pawnshop; micro-financing and guarantee; factoring; and technology development and consulting services. It operates through a network of 13 branches. China Huirong Financial Holdings Limited was founded in 1999 and is headquartered in Suzhou, the People’s Republic of China.

Details
Name: China Huirong Financial Holdings Limited
1290
Exchange: SEHK
Founded: 1999
HK$1,032,447,650
1,086,787,000
Website: http://www.cnhuirong.com
Address: China Huirong Financial Holdings Limited
Cultural and Creative Building,
22nd Floor,
Suzhou,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1290 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 28. Oct 2013
DB 2HF Ordinary Shares Deutsche Boerse AG DE EUR 28. Oct 2013
Number of employees
Current staff
Staff numbers
168
China Huirong Financial Holdings employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 13:06
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2019/04/17
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.