SZSC:1333

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China Zhongwang Holdings

Executive Summary

China Zhongwang Holdings Limited, through its subsidiaries, develops, manufactures, and sells aluminum extruded products in the People’s Republic of China, Germany, the United States, and internationally.


Snowflake Analysis

Very undervalued with limited growth.


Similar Companies

Share Price & News

How has China Zhongwang Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1333's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.2%

1333

4.2%

HK Metals and Mining

5.8%

HK Market


1 Year Return

-55.9%

1333

-18.8%

HK Metals and Mining

-4.0%

HK Market

Return vs Industry: 1333 underperformed the Hong Kong Metals and Mining industry which returned -18.8% over the past year.

Return vs Market: 1333 underperformed the Hong Kong Market which returned -4% over the past year.


Shareholder returns

1333IndustryMarket
7 Day8.2%4.2%5.8%
30 Day-7.1%0.9%4.0%
90 Day-40.4%-15.1%-2.6%
1 Year-54.4%-55.9%-16.4%-18.8%-0.6%-4.0%
3 Year-44.2%-52.6%-17.7%-22.5%1.3%-9.2%
5 Yearn/a-33.7%-40.7%-9.2%-23.5%

Price Volatility Vs. Market

How volatile is China Zhongwang Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is China Zhongwang Holdings undervalued compared to its fair value and its price relative to the market?

26.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1333 (HK$1.58) is trading below our estimate of fair value (HK$2.16)

Significantly Below Fair Value: 1333 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1333 is good value based on its PE Ratio (3.4x) compared to the Metals and Mining industry average (10.2x).

PE vs Market: 1333 is good value based on its PE Ratio (3.4x) compared to the Hong Kong market (9.5x).


Price to Earnings Growth Ratio

PEG Ratio: 1333 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: 1333 is good value based on its PB Ratio (0.3x) compared to the HK Metals and Mining industry average (0.5x).


Next Steps

Future Growth

How is China Zhongwang Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1333's forecast earnings growth (17.1% per year) is above the savings rate (1.6%).

Earnings vs Market: 1333's earnings (17.1% per year) are forecast to grow faster than the Hong Kong market (17.1% per year).

High Growth Earnings: 1333's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if 1333's revenue is forecast to grow faster than the Hong Kong market.

High Growth Revenue: Insufficient data to determine if 1333's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1333's Return on Equity is forecast to be low in 3 years time (9.4%).


Next Steps

Past Performance

How has China Zhongwang Holdings performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1333 has high quality earnings.

Growing Profit Margin: 1333's current net profit margins (12.8%) are lower than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: 1333's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: 1333's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1333 had negative earnings growth (-28%) over the past year, making it difficult to compare to the Metals and Mining industry average (-20%).


Return on Equity

High ROE: 1333's Return on Equity (8.9%) is considered low.


Next Steps

Financial Health

How is China Zhongwang Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1333's short term assets (CN¥38.8B) exceed its short term liabilities (CN¥37.1B).

Long Term Liabilities: 1333's short term assets (CN¥38.8B) do not cover its long term liabilities (CN¥50.4B).


Debt to Equity History and Analysis

Debt Level: 1333's debt to equity ratio (170.5%) is considered high.

Reducing Debt: 1333's debt to equity ratio has increased from 98.2% to 170.5% over the past 5 years.

Debt Coverage: 1333's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1333's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Next Steps

Dividend

What is China Zhongwang Holdings's current dividend yield, its reliability and sustainability?

11.06%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1333's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1333'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 1333's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1333's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1333 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 1333'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?

4.1yrs

Average management tenure


CEO

Changqing Lu (43yo)

4.25yrs

Tenure

CN¥4,726,000

Compensation

Mr. Changqing Lu has been the President of China Zhongwang Holdings Limited since March 22, 2016 and served as its Joint Company Secretary from December 30, 2008 to March 22, 2016 and also served as its Vi ...


CEO Compensation Analysis

Compensation vs Market: Changqing's total compensation ($USD667.22K) is above average for companies of similar size in the Hong Kong market ($USD424.20K).

Compensation vs Earnings: Changqing's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Changqing Lu
Chairman of the Board & President4.25yrsCN¥4.73mno data
Qingmei Ma
VP & Executive Director2.58yrsCN¥1.88mno data
Man Tat Kot
Chief Financial Officer4yrsno datano data
Jun Deng
Global Legal Directorno datano datano data
Weiye Cui
VP & Company Secretary4yrsno datano data
Qingjiang Li
Executive Deputy General Manager and Director of Tianjin Zhongwangno datano datano data

4.1yrs

Average Tenure

45yo

Average Age

Experienced Management: 1333's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Changqing Lu
Chairman of the Board & President4.25yrsCN¥4.73mno data
Qingmei Ma
VP & Executive Director2.58yrsCN¥1.88mno data
Qingjiang Li
Executive Deputy General Manager and Director of Tianjin Zhongwangno datano datano data
Wa Kei Lo
Independent Non-Executive Director11.33yrsCN¥278.00kno data
Chun Wa Wong
Independent Non-Executive Director11.83yrsCN¥278.00kno data
Yan Chen
Non-Executive Director12.17yrsCN¥4.63mno data
Xianjun Wen
Independent Non-Executive Director11.83yrsno datano data
Ketong Shi
Independent Non-Executive Director11.83yrsCN¥278.00kno data
Jun Lin
Non-Executive Director0.92yrCN¥911.00kno data
Fei Wang
Chairman of Tianjin Zhongwang0.17yrno datano data

11.3yrs

Average Tenure

46yo

Average Age

Experienced Board: 1333's board of directors are seasoned and experienced ( 11.3 years average tenure).


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

China Zhongwang Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: China Zhongwang Holdings Limited
  • Ticker: 1333
  • Exchange: SZSC
  • Founded: 1993
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: HK$11.168b
  • Shares outstanding: 7.07b
  • Website: https://www.zhongwang.com

Number of Employees


Location

  • China Zhongwang Holdings Limited
  • No. 299, Wensheng Road
  • Liaoyang
  • Liaoning Province
  • 111003
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1333SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMay 2009
0CZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2009
CHZH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 2009
1333SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2009
1333SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDMay 2009

Biography

China Zhongwang Holdings Limited, through its subsidiaries, develops, manufactures, and sells aluminum extruded products in the People’s Republic of China, Germany, the United States, and internationally. It operates through Aluminium Alloy Formworks, Aluminium Extrusion Products for Industrial Markets, Aluminium Further-Fabricated Products, Aluminium Extrusion Products for Construction Markets, Aluminium Flat-Rolled Products, and Leasing of Aluminium Alloy Formworks segments. The company offers high precision, large-section, and value-added industrial aluminum extrusion products for use in ecological construction, transportation, machinery and equipment, and electric power engineering sectors; and aluminum flat rolled products. It is also involved in the manufacture of machinery, and special vehicle and parts; trading of aluminum ingots, rods, and other materials; and manufacture of aluminum extrusion molds, alloy formworks, vehicle compartments, furniture, and vessels, as well as provision of investment consulting services. The company was founded in 1993 and is headquartered in Liaoyang, the People’s Republic of China. China Zhongwang Holdings Limited is a subsidiary of Zhongwang International Group Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 19:18
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.