company background image
993

Huarong International Financial HoldingsSEHK:993 Stock Report

Market Cap

HK$1.6b

7D

10.6%

1Y

-27.7%

Updated

22 Oct, 2021

Data

Company Financials
993 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

993 Overview

Huarong International Financial Holdings Limited, an investment holding company, provides financial services in Hong Kong and the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for Huarong International Financial Holdings
Historical stock prices
Current Share PriceHK$0.19
52 Week HighHK$0.14
52 Week LowHK$0.29
Beta0.84
1 Month Change15.34%
3 Month Changen/a
1 Year Change-27.69%
3 Year Change-70.63%
5 Year Change-89.95%
Change since IPO-99.99%

Recent News & Updates

Shareholder Returns

993HK Capital MarketsHK Market
7D10.6%2.9%1.8%
1Y-27.7%8.3%5.7%

Return vs Industry: 993 underperformed the Hong Kong Capital Markets industry which returned 8.3% over the past year.

Return vs Market: 993 underperformed the Hong Kong Market which returned 5.7% over the past year.

Price Volatility

Is 993's price volatile compared to industry and market?
993 volatility
993 Beta0.84
Industry Beta0.85
Market Beta1

Stable Share Price: 993 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: 993's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a82Junlai Wanghttps://www.hrif.com.hk

Huarong International Financial Holdings Limited, an investment holding company, provides financial services in Hong Kong and the People’s Republic of China. The company operates through Securities, Corporate Finance, Asset Management and Direct Investment, and Financial Services and Others segments. The Securities segment engages in the broking and dealing of securities, futures, and options contracts; and provision of margin financing services.

Huarong International Financial Holdings Fundamentals Summary

How do Huarong International Financial Holdings's earnings and revenue compare to its market cap?
993 fundamental statistics
Market CapHK$1.64b
Earnings (TTM)-HK$2.65b
Revenue (TTM)n/a

-1.2x

P/S Ratio

-0.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
993 income statement (TTM)
Revenue-HK$1.39b
Cost of RevenueHK$18.32m
Gross Profit-HK$1.41b
ExpensesHK$1.24b
Earnings-HK$2.65b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.30
Gross Margin101.32%
Net Profit Margin190.69%
Debt/Equity Ratio1,402.7%

How did 993 perform over the long term?

See historical performance and comparison

Valuation

Is Huarong International Financial Holdings undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Huarong International Financial Holdings is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Huarong International Financial Holdings 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.


Future Growth

How is Huarong International Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.3%

Forecasted Diversified Financials industry annual growth in earnings


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 Huarong International Financial Holdings 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 SimplyWall St do have past financial data.


Past Performance

How has Huarong International Financial Holdings performed over the past 5 years?

-62.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 993 is currently unprofitable.

Growing Profit Margin: 993 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 993 is unprofitable, and losses have increased over the past 5 years at a rate of 62.7% per year.

Accelerating Growth: Unable to compare 993's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 993 is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (52.6%).


Return on Equity

High ROE: 993 has a negative Return on Equity (-316.09%), as it is currently unprofitable.


Financial Health

How is Huarong International Financial Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 993's short term assets (HK$8.9B) exceed its short term liabilities (HK$5.9B).

Long Term Liabilities: 993's short term assets (HK$8.9B) exceed its long term liabilities (HK$6.0B).


Debt to Equity History and Analysis

Debt Level: 993's debt to equity ratio (1402.7%) is considered high.

Reducing Debt: 993's debt to equity ratio has increased from 1219.2% to 1402.7% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable 993 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 993 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.8% per year.


Dividend

What is Huarong International Financial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 993's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 993's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 993's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 993's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 993 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 993's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.0yrs

Average management tenure


CEO

Junlai Wang (49 yo)

1.17yrs

Tenure

HK$897,000

Compensation

Mr. Junlai Wang has been an Executive Director and the Co-Chief Executive Officer of Huarong International Financial Holdings Ltd. since November 20, 2019 and January 4, 2021 respectively and previously se...


CEO Compensation Analysis

Compensation vs Market: Junlai's total compensation ($USD115.38K) is below average for companies of similar size in the Hong Kong market ($USD296.59K).

Compensation vs Earnings: Junlai's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: 993's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

Experienced Board: 993's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 142.7%.


Top Shareholders

Company Information

Huarong International Financial Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Huarong International Financial Holdings Limited
  • Ticker: 993
  • Exchange: SEHK
  • Founded: NaN
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: HK$1.637b
  • Shares outstanding: 8.71b
  • Website: https://www.hrif.com.hk

Number of Employees


Location

  • Huarong International Financial Holdings Limited
  • Two Pacific Place
  • 16th & 17th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:32
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.