Executive Summary
China Public Procurement Limited, an investment holding company, provides public procurement services in the People’s Republic of China.
Snowflake
Fundamentals
Overvalued with worrying balance sheet.
Share Price & News
How has China Public Procurement's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-7.9%
1094
-1.1%
HK IT
0.3%
HK Market
1 Year Return
-51.7%
1094
-2.1%
HK IT
1.3%
HK Market
Return vs Industry: 1094 underperformed the Hong Kong IT industry which returned -2.1% over the past year.
Return vs Market: 1094 underperformed the Hong Kong Market which returned 1.3% over the past year.
Shareholder returns
| 1094 | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.9% | -1.1% | 0.3% |
| 30 Day | -14.7% | -1.7% | 0.5% |
| 90 Day | 30.0% | -5.4% | -4.6% |
| 1 Year | -51.7%-51.7% | -0.4%-2.1% | 4.9%1.3% |
| 3 Year | -96.1%-96.1% | -13.7%-17.9% | 15.3%3.7% |
| 5 Year | -98.9%-98.9% | 35.3%20.1% | 20.0%-0.006% |
Price Volatility Vs. Market
How volatile is China Public Procurement's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Investor Owns Most Of China Public Procurement Limited (HKG:1094)?4 weeks ago | Simply Wall St
How China Public Procurement Limited (HKG:1094) Can Impact Your Portfolio VolatilityValuation
Is China Public Procurement undervalued compared to its fair value and its price relative to the market?
0.28x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 1094's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 1094's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 1094 is unprofitable, so we can't compare its PE Ratio to the IT industry average.
PE vs Market: 1094 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1094's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1094 is good value based on its PB Ratio (0.3x) compared to the HK IT industry average (1x).
Next Steps
Future Growth
How is China Public Procurement forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.9%
Forecasted Software 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 China Public Procurement 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.
Next Steps
- Take a look at our analysis of 1094’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.
- China Public Procurement competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Software industry.
Past Performance
How has China Public Procurement performed over the past 5 years?
36.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1094 is unprofitable, but has reduced losses over the past 5 years at a rate of 36.3% per year.
Accelerating Growth: Unable to compare 1094's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1094 is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-3.7%).
Return on Equity
High ROE: 1094 has a negative Return on Equity (-9.77%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: 1094 is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: 1094 is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is China Public Procurement's financial position?
Financial Position Analysis
Short Term Liabilities: 1094's short term assets (HK$31.5M) do not cover its short term liabilities (HK$66.1M)
Long Term Liabilities: 1094's short term assets (31.5M) do not cover its long term liabilities (74.8M)
Debt to Equity History and Analysis
Debt Level: 1094's debt to equity ratio (20.9%) is considered satisfactory
Reducing Debt: 1094's debt to equity ratio has increased from 3% to 20.9% over the past 5 years.
Balance Sheet
Inventory Level: 1094 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1094's debt is not covered by short term assets (assets are 0.9x debt).
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: 1094 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 1094 has less than a year of cash runway if free cash flow continues to grow at historical rates of 57.5% each year.
Next Steps
Dividend
What is China Public Procurement's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate 1094's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1094's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if 1094's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1094's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1094's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
What is the CEO of China Public Procurement's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average board tenure
CEO
Jinwei Zheng (50yo)
4.3yrs
Tenure
HK$748,000
Compensation
Mr. Jinwei Zheng, EMBA, BEng has been the Chief Executive Officer of China Public Procurement Limited since July 15, 2015, Chairman since June 7, 2016 and as its Executive Director since December 23, 2014.
Board Age and Tenure
2.8yrs
Average Tenure
48yo
Average Age
Experienced Board: 1094's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: 1094 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 34,897,000 |
| Max Price | HK$0.34 |
Ownership Breakdown
Management Team
Jinwei Zheng (50yo)
Chairman & CEO
- Tenure: 4.3yrs
- Compensation: HK$748.00k
Qian He (47yo)
Executive Director
- Tenure: 4.8yrs
- Compensation: HK$174.00k
Shengfeng Du (57yo)
Chief Operating Officer
- Tenure: 4.3yrs
Board Members
Limin Chen (57yo)
Non-Executive Director
- Tenure: 4.3yrs
- Compensation: HK$300.00k
Xiang Deng (46yo)
Independent Non-Executive Director
- Tenure: 5.1yrs
- Compensation: HK$305.00k
Jinwei Zheng (50yo)
Chairman & CEO
- Tenure: 4.3yrs
- Compensation: HK$748.00k
Qian He (47yo)
Executive Director
- Tenure: 4.8yrs
- Compensation: HK$174.00k
Jun Jiang (40yo)
Independent Non-Executive Director
- Tenure: 2.3yrs
- Compensation: HK$360.00k
Jianguo Zhang (49yo)
Non-Executive Director
- Tenure: 1.3yrs
- Compensation: HK$108.00k
Peng Xu (50yo)
Non-Executive Director
- Tenure: 1.3yrs
- Compensation: HK$109.00k
Shuai Wang (45yo)
Independent Non-Executive Director
- Tenure: 0.8yrs
- Compensation: HK$7.00k
Company Information
China Public Procurement Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Public Procurement Limited
- Ticker: 1094
- Exchange: SEHK
- Founded:
- Industry: IT Consulting and Other Services
- Sector: Software
- Market Cap: HK$62.816m
- Shares outstanding: 209.39m
- Website: https://www.cpphk1094.com
Number of Employees
Location
- China Public Procurement Limited
- Unit 501
- 5th Floor
- Admiralty
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1094 | SEHK (The Stock Exchange of Hong Kong Ltd.) | HKD0.1 | HK | HKD | No data | |
| 1094 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2002 |
Biography
China Public Procurement Limited, an investment holding company, provides public procurement services in the People’s Republic of China. It operates through four segments: Public Procurement, Trading Busin ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 12:39 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.