Announcement • Jun 09
Honghua Group Limited, Annual General Meeting, Jun 30, 2026 Honghua Group Limited, Annual General Meeting, Jun 30, 2026, at 09:30 China Standard Time. Location: conference room 353, 99 east road, information park, jinniu district, sichuan prc, chengdu China Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.001 in FY 2024) Full year 2025 results: EPS: CN¥0.004 (up from CN¥0.001 in FY 2024). Revenue: CN¥5.49b (down 2.5% from FY 2024). Net income: CN¥38.3m (up 406% from FY 2024). Profit margin: 0.7% (up from 0.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 11
Honghua Group Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Honghua Group Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Announcement • Jan 19
Honghua Group Limited Announces Changes in Non-Executive Director and Board Committee Memberships, Effective January 19, 2026 The board of Honghua Group Limited announced that, with effect from January 19, 2026, Mr. Yang Yangzhuang has resigned as a non-executive director of the Company, and as a member of each of the audit committee and the strategic investment committee of the Board due to work reallocation. Mr. Liu Hui has been appointed as a non-executive director of the Company, and as a member of the audit committee and the strategic investment committee of the Board. Mr. Liu, aged 60, prior to his appointment as a non-executive director of the Company, served in various positions, including the deputy head, workshop director and secretary to the Party Committee of the Casting Plant of Dongfang Electrical Machinery Works; the deputy head of the personnel and labour relations department, deputy director of the human resources department, director of the materials procurement department, the deputy chief economist, an executive director and the deputy general manager of Dongfang Electrical Machinery Company Limited; the director of the Party Committee work department and deputy secretary to the Party Committee of Dongfang Electric Corporation; the secretary to the Party Committee and the Chairman of Dongfang Electric Machinery Co. Ltd.; the head of Dongfang Electrical Machinery Works; the secretary to the Party Committee of Dongfang Electric Wind Power Co. Ltd.; and the secretary to the Party Committee and the Chairman of DEC Dongfang Stream Turbine Co. Ltd. He concurrently served as the secretary to the Party Committee and a director of Dongfang Electric Digital Technology Co. Ltd. Mr. Liu graduated from Southwest Jiaotong University with a master’s degree in business administration. Mr. Liu has entered into a service contract with the Company as a non-executive director for a term of three years with effect from January 19, 2026. His term of office is subject to the provisions of the Company’s Articles of Association and the corporate governance code set out in Appendix C1 to the Listing Rules, and he is required to retire at the first annual general meeting after his appointment at which he is eligible to retire by rotation and, if nominated, offer himself for re-election. The Board further announced that, with effect from January 19, 2026, Mr. Wang Xu will, due to adjustments in the company’s governance arrangements, cease to serve as a member of the Board’s Remuneration Committee, but his other positions in the Company remain unchanged. As at the date of this announcement, the executive directors of the Company are Mr. Wang Xu (Chairman), Mr. Zhu Hua and Mr. Yang Qiang; the non-executive director of the Company is Mr. Liu Hui; and the independent non-executive directors of the Company are Mr. Zhang Shiju, Ms. Li Yuedong and Mr. Wang Junren. Reported Earnings • Sep 30
First half 2025 earnings released: EPS: CN¥0.004 (vs CN¥0 in 1H 2024) First half 2025 results: EPS: CN¥0.004 (up from CN¥0 in 1H 2024). Revenue: CN¥2.60b (down 6.3% from 1H 2024). Net income: CN¥37.1m (up CN¥34.7m from 1H 2024). Profit margin: 1.4% (up from 0.1% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: CN¥0.004 (vs CN¥0 in 1H 2024) First half 2025 results: EPS: CN¥0.004 (up from CN¥0 in 1H 2024). Revenue: CN¥2.60b (down 6.3% from 1H 2024). Net income: CN¥37.1m (up CN¥34.7m from 1H 2024). Profit margin: 1.4% (up from 0.1% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
Honghua Group Limited to Report First Half, 2025 Results on Aug 26, 2025 Honghua Group Limited announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Jul 25
Honghua Group Limited Announces Resignation of Liu Xinggui as Non-Executive Director, Members of Each of the Remuneration Committee and the Strategic Investment Committee, Effective July 25, 2025 The board of directors of Honghua Group Limited announced that Mr. Liu Xinggui has tendered his resignation as Non-Executive Director, the members of each of the Remuneration Committee and the Strategic Investment Committee of the Company with effect from 25 July 2025 due to having reached the retirement age (60 years old). Announcement • May 30
Honghua Group Limited, Annual General Meeting, Jun 27, 2025 Honghua Group Limited, Annual General Meeting, Jun 27, 2025, at 09:30 China Standard Time. Location: conference room 353, 99 east road, information park, jinniu district, chengdu, sichuan, prc., China New Risk • Mar 26
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risk Large one-off items impacting financial results. Announcement • Mar 13
Honghua Group Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Honghua Group Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • Sep 30
First half 2024 earnings released: EPS: CN¥0 (vs CN¥0.029 loss in 1H 2023) First half 2024 results: EPS: CN¥0 (improved from CN¥0.029 loss in 1H 2023). Revenue: CN¥2.78b (up 11% from 1H 2023). Net income: CN¥2.42m (up CN¥156.6m from 1H 2023). Profit margin: 0.1% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Aug 20
Honghua Group Limited Announces Board and Board Committees The board of directors (the "Board") of Honghua Group Limited announced that with effect from 20 August 2024, Mr. Wang Junren ("Mr. Wang") has been appointed as an independent non-executive Director of the Company. Mr. Wang, aged 63, holds an Executive Master's degree in Business Administration from
Peking University. He started to work in 1982 and has successively served as director of Strategic Development Center of China National Oil and Gas Exploration and Development Corporation, deputy general director and general director of Kazakhstan PetroChina Aktobe Oil and Gas Co., LTD., deputy general director of PetroChina Kazakhstan Company, deputy general director of PetroChina Central Asia Company, general director of PetroChina West Africa Company and other positions. Mr. Wang has rich experience in oil and gas exploration and development, international oil management and engineering construction management.
CHANGE IN COMPOSITION OF BOARD COMMITTEES: The Board further announces that with effect from 20 August 2024: Mr. Wang has been appointed as member of the remuneration committee and strategic investment and risk control committee of the Company. Mr. Liu Xinggui, the non-executive director, has been appointed as member of the remuneration committee of the Company. Announcement • Aug 15
Honghua Group Limited to Report First Half, 2024 Results on Aug 27, 2024 Honghua Group Limited announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$758.1m (US$97.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$758.1m market cap, or US$97.1m). Board Change • Jul 09
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non-Executive Director Shiju Zhang is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Director Yuedong Li was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 05
Honghua Group Limited, Annual General Meeting, Jun 26, 2024 Honghua Group Limited, Annual General Meeting, Jun 26, 2024, at 10:00 China Standard Time. Location: munich conference room, 4th floor, shenzhen futian huanggang, 28 fumin road, futian district, shenzhen, guangdong., China Announcement • May 18
Honghua Group Limited Appoints Yang Qiang as an Executive Director The board of directors of Honghua Group Limited announced that Mr. Yang Qiang ("Mr. Yang") was appointed as an executive director of the Company with effect from 17 May 2024. Mr. Yang, aged 43, holder of a bachelor's degree. He once worked in Dongfang Electric Machinery Co. Ltd. from 2004, served as deputy director of the equipment department, deputy director of the material purchasing department and deputy director of the procurement centre, and was the deputy secretary of the Party Committee and employee representative of Dongfang Electric Autocontrol Engineering Co. Ltd.At present, Mr. Yang serves as the Party Deputy Secretary of Honghua (China) Investment Co. Ltd. and a director of Sichuan Honghua Petroleum Equipment Co. Ltd., both being the subsidiaries of the Company. Mr. Yang has extensive experience in material procurement, equipment management, technology management and human resources management. New Risk • Apr 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$775.9m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$775.9m market cap, or US$99.1m). Reported Earnings • Mar 27
Full year 2023 earnings released: CN¥0.055 loss per share (vs CN¥0.12 loss in FY 2022) Full year 2023 results: CN¥0.055 loss per share (improved from CN¥0.12 loss in FY 2022). Revenue: CN¥5.47b (up 22% from FY 2022). Net loss: CN¥386.6m (loss narrowed 39% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Mar 13
Honghua Group Limited to Report Fiscal Year 2023 Final Results on Mar 26, 2024 Honghua Group Limited announced that they will report fiscal year 2023 final results on Mar 26, 2024 Reported Earnings • Aug 31
First half 2023 earnings released: CN¥0.029 loss per share (vs CN¥0.099 loss in 1H 2022) First half 2023 results: CN¥0.029 loss per share (improved from CN¥0.099 loss in 1H 2022). Revenue: CN¥2.49b (up 65% from 1H 2022). Net loss: CN¥154.2m (loss narrowed 71% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Aug 18
Honghua Group Limited to Report First Half, 2023 Results on Aug 29, 2023 Honghua Group Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Aug 01
Honghua Group Limited Announces Resignation of Zhang Mi as Non-Executive Director and Member of Strategic Investment and Risk Control Committee The board of directors of Honghua Group Limited announced the following changes with effect from 31 July 2023: Zhang Mi has tendered his resignation as Non-Executive Director and member of Strategic Investment and Risk Control Committee of the Company with effect from 31 July 2023, due to devoting more time to personal business. New Risk • Jul 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). New Risk • Jun 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$764.1m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$764.1m market cap, or US$97.6m). Announcement • May 25
Honghua Group Limited, Annual General Meeting, Jun 29, 2023 Honghua Group Limited, Annual General Meeting, Jun 29, 2023. Agenda: To consider amendments to the memorandum and articles of association of Company. Reported Earnings • Mar 30
Full year 2022 earnings released: CN¥0.12 loss per share (vs CN¥0.14 loss in FY 2021) Full year 2022 results: CN¥0.12 loss per share (improved from CN¥0.14 loss in FY 2021). Revenue: CN¥4.48b (up 52% from FY 2021). Net loss: CN¥634.4m (loss narrowed 12% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
First half 2022 earnings released: CN¥0.099 loss per share (vs CN¥0.014 loss in 1H 2021) First half 2022 results: CN¥0.099 loss per share (down from CN¥0.014 loss in 1H 2021). Revenue: CN¥1.51b (down 2.7% from 1H 2021). Net loss: CN¥523.4m (loss widened CN¥450.4m from 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.14 loss per share (down from CN¥0.009 profit in FY 2020). Revenue: CN¥2.94b (down 25% from FY 2020). Net loss: CN¥717.2m (down CN¥766.9m from profit in FY 2020). Revenue missed analyst estimates by 39%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bin Wei was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.14 loss per share (down from CN¥0.009 profit in FY 2020). Revenue: CN¥2.94b (down 25% from FY 2020). Net loss: CN¥717.2m (down CN¥766.9m from profit in FY 2020). Revenue missed analyst estimates by 39%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Board Change • Dec 02
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Bin Wei was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 02
Independent Non-Executive Director Chiu Kwok Poon has left the company On the 1st of December, Chiu Kwok Poon's tenure as Independent Non-Executive Director ended after 4.5 years in the role. We don't have any record of a personal shareholding under Chiu Kwok's name. Chiu Kwok is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.00 years. Reported Earnings • Sep 03
First half 2021 earnings released: CN¥0.014 loss per share (vs CN¥0.006 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: CN¥1.55b (down 14% from 1H 2020). Net loss: CN¥73.0m (down 334% from profit in 1H 2020). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Bin Wei was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥0.009 (vs CN¥0.02 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.93b (down 11% from FY 2019). Net income: CN¥49.7m (down 54% from FY 2019). Profit margin: 1.3% (down from 2.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.009 (vs CN¥0.02 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.93b (down 11% from FY 2019). Net income: CN¥49.7m (down 54% from FY 2019). Profit margin: 1.3% (down from 2.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 08
New 90-day high: HK$0.30 The company is up 56% from its price of HK$0.20 on 10 November 2020. The Hong Kong market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 67% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.31 per share. Is New 90 Day High Low • Dec 04
New 90-day high: HK$0.26 The company is up 2.0% from its price of HK$0.26 on 04 September 2020. The Hong Kong market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$1.07 per share. Major Estimate Revision • Oct 28
Analysts lower EPS estimates to CN¥0.015 The 2020 consensus revenue estimate was lowered from CN¥3.96b to CN¥3.90b. Earning per share (EPS) estimate was also lowered from CN¥0.02 to CN¥0.015 for the same period. Net income is expected to grow by 37% next year compared to 31% growth forecast for the Energy Services industry in Hong Kong. The consensus price target increased from HK$0.40 to HK$0.41. Share price is down by 4.8% to HK$0.20 over the past week. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of CN¥77.8m, down 71% from the prior year. Total revenue was CN¥4.18b over the last 12 months, down 18% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: HK$0.21 The company is down 17% from its price of HK$0.25 on 26 June 2020. The Hong Kong market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$0.79 per share.