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CMIC Ocean En-Tech Holding

SEHK:206
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
206
SEHK
HK$928M
Market Cap
  1. Home
  2. HK
  3. Energy
Company description

CMIC Ocean En-Tech Holding Co., Ltd., an investment holding company, engages in the design, manufacture, installation, and commissioning of capital equipment and packages on land and offshore rigs, and oilfield expendables and supplies worldwide. The last earnings update was 61 days ago. More info.


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  • CMIC Ocean En-Tech Holding has significant price volatility in the past 3 months.
206 Share Price and Events
7 Day Returns
-4.5%
SEHK:206
-0.3%
HK Energy Services
0.5%
HK Market
1 Year Returns
-51.5%
SEHK:206
-16%
HK Energy Services
-15.9%
HK Market
206 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CMIC Ocean En-Tech Holding (206) -4.5% -14.9% -31.5% -51.5% -72.1% -91.4%
HK Energy Services -0.3% -3.1% -5% -16% -14% -69.2%
HK Market 0.5% -2.7% -9.9% -15.9% 20.6% 3%
1 Year Return vs Industry and Market
  • 206 underperformed the Energy Services industry which returned -16% over the past year.
  • 206 underperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
206
Industry
5yr Volatility vs Market

206 Value

 Is CMIC Ocean En-Tech Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for CMIC Ocean En-Tech Holding. This is due to cash flow or dividend data being unavailable. The share price is HK$0.315.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CMIC Ocean En-Tech Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CMIC Ocean En-Tech Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:206 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.03
SEHK:206 Share Price ** SEHK (2019-06-14) in HKD HK$0.32
SEHK:206 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $0.04
Hong Kong Energy Services Industry PE Ratio Median Figure of 10 Publicly-Listed Energy Services Companies 32.26x
Hong Kong Market PE Ratio Median Figure of 1,487 Publicly-Listed Companies 10.68x

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

** Primary Listing of CMIC Ocean En-Tech Holding.

SEHK:206 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:206 Share Price ÷ EPS (both in USD)

= 0.04 ÷ -0.03

-1.35x

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

  • CMIC Ocean En-Tech Holding is loss making, we can't compare its value to the HK Energy Services industry average.
  • CMIC Ocean En-Tech Holding is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does CMIC Ocean En-Tech Holding's expected growth come at a high price?
Raw Data
SEHK:206 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Energy Services Industry PEG Ratio Median Figure of 6 Publicly-Listed Energy Services Companies 0.56x
Hong Kong Market PEG Ratio Median Figure of 466 Publicly-Listed Companies 0.76x

*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 CMIC Ocean En-Tech Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CMIC Ocean En-Tech Holding's assets?
Raw Data
SEHK:206 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.02
SEHK:206 Share Price * SEHK (2019-06-14) in HKD HK$0.32
SEHK:206 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $0.04
Hong Kong Energy Services Industry PB Ratio Median Figure of 13 Publicly-Listed Energy Services Companies 0.86x
Hong Kong Market PB Ratio Median Figure of 2,169 Publicly-Listed Companies 0.93x
SEHK:206 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:206 Share Price ÷ Book Value per Share (both in USD)

= 0.04 ÷ 0.02

2.07x

* Primary Listing of CMIC Ocean En-Tech Holding.

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

  • CMIC Ocean En-Tech Holding is overvalued based on assets compared to the HK Energy Services industry average.
X
Value checks
We assess CMIC Ocean En-Tech Holding'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 Energy Services 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 Energy Services industry average (and greater than 0)? (1 check)
  5. CMIC Ocean En-Tech Holding 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.

206 Future Performance

 How is CMIC Ocean En-Tech Holding 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 CMIC Ocean En-Tech Holding 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
34.3%
Expected Energy Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CMIC Ocean En-Tech Holding expected to grow at an attractive rate?
  • Unable to compare CMIC Ocean En-Tech Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CMIC Ocean En-Tech Holding's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare CMIC Ocean En-Tech Holding's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:206 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 34.3%
Hong Kong Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
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:206 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:206 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 59 -16 -41
2018-09-30 60 -12 -64
2018-06-30 60 -7 -86
2018-03-31 68 -4 -84
2017-12-31 77 0 -83
2017-09-30 95 -5 -100
2017-06-30 113 -9 -117
2017-03-31 128 -12 -114
2016-12-31 143 -15 -110
2016-09-30 147 4 -58
2016-06-30 151 23 -5
2016-03-31 173 20 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CMIC Ocean En-Tech Holding is high growth as no earnings estimate data is available.
  • Unable to determine if CMIC Ocean En-Tech Holding 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:206 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CMIC Ocean En-Tech Holding Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:206 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.05
2018-06-30 -0.09
2018-03-31 -0.10
2017-12-31 -0.12
2017-09-30 -0.14
2017-06-30 -0.17
2017-03-31 -0.16
2016-12-31 -0.16
2016-09-30 -0.08
2016-06-30 -0.01
2016-03-31 0.00

*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 CMIC Ocean En-Tech Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 206’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. CMIC Ocean En-Tech Holding'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 Energy companies here
  3. CMIC Ocean En-Tech Holding'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 CMIC Ocean En-Tech Holding'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.
CMIC Ocean En-Tech Holding 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.

206 Past Performance

  How has CMIC Ocean En-Tech Holding 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 CMIC Ocean En-Tech Holding's growth in the last year to its industry (Energy Services).
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.
  • CMIC Ocean En-Tech Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CMIC Ocean En-Tech Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CMIC Ocean En-Tech Holding's 1-year growth to the HK Energy Services industry average as it is not currently profitable.
Earnings and Revenue History
CMIC Ocean En-Tech Holding'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 CMIC Ocean En-Tech Holding Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:206 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 58.84 -41.36 35.77
2018-09-30 59.53 -63.62 34.85
2018-06-30 60.23 -85.89 33.93
2018-03-31 68.39 -84.34 35.14
2017-12-31 76.55 -82.79 36.35
2017-09-30 94.75 -99.70 63.08
2017-06-30 112.94 -116.61 89.81
2017-03-31 127.74 -113.53 92.62
2016-12-31 142.53 -110.45 95.44
2016-09-30 146.67 -57.70 69.97
2016-06-30 150.80 -4.95 44.50
2016-03-31 172.85 -1.43 46.04
2015-12-31 194.90 2.10 47.58
2015-09-30 238.45 10.88 46.42
2015-06-30 282.00 19.66 45.25
2015-03-31 276.29 20.08 44.19
2014-12-31 270.59 20.50 43.14
2014-09-30 247.78 20.43 43.93
2014-06-30 224.98 20.36 44.72
2014-03-31 213.45 17.45 42.34
2013-12-31 201.93 14.55 39.96
2013-09-30 202.30 13.02 37.21
2013-06-30 202.68 11.48 34.47
2013-03-31 193.21 9.48 37.11
2012-12-31 183.74 7.47 39.74
2012-09-30 155.66 4.31 41.13
2012-06-30 127.58 1.15 42.52

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

206 Health

 How is CMIC Ocean En-Tech Holding'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 CMIC Ocean En-Tech Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CMIC Ocean En-Tech Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CMIC Ocean En-Tech Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CMIC Ocean En-Tech Holding'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.
  • Debt is covered by short term assets, assets are 13.1x 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 CMIC Ocean En-Tech Holding Company Filings, last reported 5 months ago.

SEHK:206 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 28.40 17.45 19.81
2018-09-30 28.40 17.45 19.81
2018-06-30 55.34 21.96 34.52
2018-03-31 55.34 21.96 34.52
2017-12-31 13.67 61.92 15.29
2017-09-30 13.67 61.92 15.29
2017-06-30 93.35 57.86 12.11
2017-03-31 93.35 57.86 12.11
2016-12-31 96.07 49.32 9.95
2016-09-30 96.07 49.32 9.95
2016-06-30 220.06 62.05 27.48
2016-03-31 220.06 62.05 27.48
2015-12-31 219.00 66.91 46.51
2015-09-30 219.00 66.91 46.51
2015-06-30 233.79 71.61 31.03
2015-03-31 233.79 71.61 31.03
2014-12-31 225.17 65.20 52.34
2014-09-30 225.17 65.20 52.34
2014-06-30 215.34 35.10 24.66
2014-03-31 215.34 35.10 24.66
2013-12-31 204.24 36.87 37.91
2013-09-30 204.24 36.87 37.91
2013-06-30 190.67 43.35 24.55
2013-03-31 190.67 43.35 24.55
2012-12-31 185.10 32.15 30.99
2012-09-30 185.10 32.15 30.99
2012-06-30 176.51 17.42 27.19
  • CMIC Ocean En-Tech Holding's level of debt (61.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (18% vs 61.4% today).
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.

  • CMIC Ocean En-Tech Holding has less than a year of cash runway based on current free cash flow.
  • CMIC Ocean En-Tech Holding has less than a year of cash runway if free cash flow continues to grow at historical rates of 31.4% each year.
X
Financial health checks
We assess CMIC Ocean En-Tech Holding'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. CMIC Ocean En-Tech Holding 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.

206 Dividends

 What is CMIC Ocean En-Tech Holding'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 CMIC Ocean En-Tech Holding dividends.
If you bought HK$2,000 of CMIC Ocean En-Tech Holding 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 CMIC Ocean En-Tech Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CMIC Ocean En-Tech Holding'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:206 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 Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
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 6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

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

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

206 Management

 What is the CEO of CMIC Ocean En-Tech Holding'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
Hongyuan Wang
COMPENSATION $0
AGE 43
TENURE AS CEO 1.3 years
CEO Bio

Mr. Wang Hongyuan has been Executive Chairman and Chief Executive Officer at TSC Group Holdings Ltd, since February 9, 2018. Mr. Hongyuan has been the deputy general manager of China Merchants Industry Holdings Company Limited since December 2016. His major work experiences are as follows: successively worked as third officer, second officer, and practice officer for the vessel assigned to Panama from Shandong Shipping Group*from July 1997 to August 2001. He worked as senior project manager of the business development department (the former of gulf project group secretariat*) of China Merchants Group from June 2003 to July 2005. He served as senior project manager of the business management department of China Merchants Holdings (International) Company Limited from July 2005 to August 2008. He served as deputy general manager of China Merchants International Cold Chain Co, Ltd * and the business director of China Merchants Maritime & Logistics (Shenzhen) Ltd (Bonded Logistics)* from August 2008 to July 2009. He served as the general manager of China Merchants International Cold Chain Co, Ltd from July 2009 to October 2010. He served as executive vice president of China Merchants Meileng Logistics Holdings Limited* and general manager of China Merchants International Cold Chain Co, Ltd from October 2010 to October 2011. He served as the deputy general manager of the enterprise strategic operations management department of China Merchants Holdings (International) Company Limited from October 2011 to December 2012. He served as the deputy general manager of China Merchants Port Services (Shenzhen) Company Limited from January 2013 to December 2013. He served as the general manager assistant of China Merchants Food Supply Chain Management Co, Ltd * from January 2014 to January 2015. He served as the director assistant of the capital management department of China Merchants Group Limited from January 2015 to December 2016. He had been Supervisor of China International Marine Containers (Group) Co., Ltd. since September 26, 2017 until June 3, 2019. He started his career in July 1997 and obtained a master’s degree from the Transportation Management College of Dalian Maritime University as a full-time postgraduate student from August 2001 to June 2003. He graduated from the Institute of Navigation of Dalian Maritime University majoring in ocean vessel driving in July 1997.

CEO Compensation
  • Insufficient data for Hongyuan to compare compensation growth.
  • Hongyuan's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the CMIC Ocean En-Tech Holding management team in years:

1.3
Average Tenure
51.5
Average Age
  • The average tenure for the CMIC Ocean En-Tech Holding management team is less than 2 years, this suggests a new team.
Management Team

Bing Jiang

TITLE
Co-Founder & Co-Chairman
COMPENSATION
$314K
AGE
69

Hongyuan Wang

TITLE
Executive Chairman & CEO
AGE
43
TENURE
1.3 yrs

Guohui Yang

TITLE
Chief Operating Officer
AGE
44
TENURE
1.3 yrs

Morgan Zhang

TITLE
Executive Director & Compliance Officer
COMPENSATION
$340K
AGE
59
TENURE
9.9 yrs

Shaohua Xie

TITLE
Chief Financial Officer
AGE
47
TENURE
0.9 yrs

Yunqiang Chen

TITLE
President of TSC OGS Group & MD of TSC Offshore China Limited
AGE
52

Michael Zhang

TITLE
GM of MRO
AGE
51

Candy Cheung

TITLE
Company Secretary
AGE
42
TENURE
13 yrs

Indrestrand Ivar

TITLE
Chief Executive Officer of OIM Pte Ltd
AGE
52

Ziqiang Wang

TITLE
Chief Financial Officer of TSC OGS and Vice President of TSC OGS
AGE
54
Board of Directors Tenure

Average tenure and age of the CMIC Ocean En-Tech Holding board of directors in years:

1.3
Average Tenure
49
Average Age
  • The average tenure for the CMIC Ocean En-Tech Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hongyuan Wang

TITLE
Executive Chairman & CEO
AGE
43
TENURE
1.3 yrs

Morgan Zhang

TITLE
Executive Director & Compliance Officer
COMPENSATION
$340K
AGE
59
TENURE
2 yrs

Kenny Chan

TITLE
Independent Non-Executive Director
COMPENSATION
$22K
AGE
54
TENURE
13.7 yrs

Bing Jiang

TITLE
Co-Founder & Co-Chairman
COMPENSATION
$314K
AGE
69
TENURE
1.3 yrs

Dongyang Lou

TITLE
Non-Executive Director
AGE
42
TENURE
1.2 yrs

Zhendong Zou

TITLE
Independent Non-Executive Director
COMPENSATION
$10K
AGE
49
TENURE
1.1 yrs

Jianzhong Wang

TITLE
Non-Executive Director
COMPENSATION
$15K
AGE
44
TENURE
2.9 yrs

Weidong Chen

TITLE
Independent Non-Executive Director
COMPENSATION
$9K
AGE
63
TENURE
1 yrs

Rui Fu

TITLE
Non-Executive Director
AGE
36
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$) Value (HK$)
12. Feb 19 Buy ENN Group Co., Ltd. Company 04. Feb 19 04. Feb 19 285,000,000 HK$0.45 HK$128,249,571
08. Feb 19 Buy China Merchants Capital Management Co., Ltd. Company 04. Feb 19 04. Feb 19 765,186,000 HK$0.45 HK$344,332,549
08. Feb 19 Buy China International Marine Containers (Group) Co., Ltd. Company 04. Feb 19 04. Feb 19 92,800,000 HK$0.45 HK$41,759,860
X
Management checks
We assess CMIC Ocean En-Tech Holding'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. CMIC Ocean En-Tech Holding 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.

206 News

Simply Wall St News

Those Who Purchased CMIC Ocean En-Tech Holding (HKG:206) Shares Five Years Ago Have A 89% Loss To Show For It

CMIC Ocean En-Tech Holding isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years CMIC Ocean En-Tech Holding saw its revenue shrink by 27% per year. … So it's not that strange that the share price dropped 36% per year in that period.

Simply Wall St -

Is CMIC Ocean En-Tech Holding Co., Ltd. (HKG:206) A Volatile Stock?

In finance, Beta is a measure of volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is CMIC Ocean En-Tech Holding Co., Ltd. (HKG:206) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like CMIC Ocean En-Tech Holding Co., Ltd. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Energy Services industry,

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For TSC Group Holdings Limited (HKG:206)?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

TSC Group Holdings Limited (HKG:206): Time For A Financial Health Check

While small-cap stocks, such as TSC Group Holdings Limited (HKG:206) with its market cap of HK$737m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Companies operating in the Energy Services industry,. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Who Are The Major Shareholders In TSC Group Holdings Limited (HKG:206)?

If you want to know who really controls TSC Group Holdings Limited (HKG:206), then you'll have to look at the makeup of its share registry. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … TSC Group Holdings is a smaller company with a market capitalization of HK$898.6m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Does Investing In TSC Group Holdings Limited (HKG:206) Impact Your Portfolio?

If you are looking to invest in TSC Group Holdings Limited’s (HKG:206), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The first risk to think about is company-specific, which can be diversified away by investing in other companies in order to lower your exposure to one particular stock. … The second risk is market-wide, which arises from investing in the stock market.

Simply Wall St -

What Investors Should Know About TSC Group Holdings Limited's (HKG:206) Financial Strength

How does 206’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: At its current level of cash flow coverage, 206 has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

206 Company Info

Description

CMIC Ocean En-Tech Holding Co., Ltd., an investment holding company, engages in the design, manufacture, installation, and commissioning of capital equipment and packages on land and offshore rigs, and oilfield expendables and supplies worldwide. It operates in three segments: Capital Equipment and Packages; Oilfield Expendables and Supplies; and Engineering Services. The company offers offshore rig integrated solutions comprising jack-up rig, semi-submersible rig, drillship, modular platform rig, multi-service vessel, and liftboat solutions; and equipment for onshore and offshore rigs, including hoisting, drill floor, tubular and riser handling, tensioning and skidding, BOP and subsea handling, lifting, mooring, and winch equipment, as well as deck cranes, control and drive systems, and jacking systems. It also manufactures and trades oilfield expendables and supplies; and provides rig turnkey solutions, as well as maintenance, repair, and operations spares for land and offshore rigs. It primarily serves oil companies, drilling contractors, offshore and marine engineering companies, and shipyards. The company was formerly known as TSC Group Holdings Limited and changed its name to CMIC Ocean En-Tech Holding Co., Ltd. in February 2019. CMIC Ocean En-Tech Holding Co., Ltd. was founded in 1845 and is headquartered in Hung Hom, Hong Kong.

Details
Name: CMIC Ocean En-Tech Holding Co., Ltd.
206
Exchange: SEHK
Founded: 1845
HK$928,088,408
2,946,312,408
Website: http://www.cmicholding.com
Address: CMIC Ocean En-Tech Holding Co., Ltd.
Office Tower One,
Units 2706-2709, 27th Floor,
Hung Hom,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 206 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 28. Nov 2005
Number of employees
Current staff
Staff numbers
518
CMIC Ocean En-Tech Holding employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 12:44
End of day share price update: 2019/06/14 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.