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Huifu Payment

SEHK:1806
Snowflake Description

High growth potential with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1806
SEHK
HK$5B
Market Cap
  1. Home
  2. HK
  3. Software
Company description

Huifu Payment Limited provides third-party payment services in Mainland China. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Huifu Payment has significant price volatility in the past 3 months.
1806 Share Price and Events
7 Day Returns
-1.9%
SEHK:1806
-1.9%
HK IT
-2.5%
HK Market
1 Year Returns
-
SEHK:1806
-18.3%
HK IT
-15.9%
HK Market
1806 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Huifu Payment (1806) -1.9% -4.2% 29.7% - - -
HK IT -1.9% -8% -9% -18.3% 4.2% 29.6%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • No trading data on 1806.
  • No trading data on 1806.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Huifu Payment's competitors could be found in our database.

1806 Value

 Is Huifu Payment 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
Here we compare the current share price of Huifu Payment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Huifu Payment.

SEHK:1806 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:1806
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 25%) (15.21%))
1.113
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.113 * 5.96%)
8.64%

Discounted Cash Flow Calculation for SEHK:1806 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Huifu Payment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:1806 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.64%)
2019 1,153.00 Analyst x1 1,061.32
2020 1,233.00 Analyst x1 1,044.72
2021 1,298.17 Est @ 5.29% 1,012.48
2022 1,354.00 Est @ 4.3% 972.06
2023 1,402.89 Est @ 3.61% 927.08
2024 1,446.79 Est @ 3.13% 880.07
2025 1,487.17 Est @ 2.79% 832.70
2026 1,525.16 Est @ 2.55% 786.07
2027 1,561.60 Est @ 2.39% 740.86
2028 1,597.10 Est @ 2.27% 697.46
Present value of next 10 years cash flows CN¥8,954.82
SEHK:1806 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,597.10 × (1 + 2%) ÷ (8.64% – 2%)
CN¥24,553.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥24,553.27 ÷ (1 + 8.64%)10
CN¥10,722.49
SEHK:1806 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥8,954.82 + CN¥10,722.49
CN¥19,677.31
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥19,677.31 / 1,249.89
CN¥15.74
SEHK:1806 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1806)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥15.74 x 1.135
HK$17.86
Value per share (HKD) From above. HK$17.86
Current discount Discount to share price of HK$4.10
= -1 x (HK$4.10 - HK$17.86) / HK$17.86
77%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Huifu Payment is available for.
Intrinsic value
>50%
Share price is HK$4.1 vs Future cash flow value of HK$17.86
Current Discount Checks
For Huifu Payment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Huifu Payment's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Huifu Payment's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Huifu Payment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Huifu Payment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1806 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.16
SEHK:1806 Share Price ** SEHK (2019-05-20) in HKD HK$4.1
SEHK:1806 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥3.61
Hong Kong IT Industry PE Ratio Median Figure of 23 Publicly-Listed IT Companies 12.88x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Huifu Payment.

SEHK:1806 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1806 Share Price ÷ EPS (both in CNY)

= 3.61 ÷ 0.16

21.97x

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

  • Huifu Payment is overvalued based on earnings compared to the HK IT industry average.
  • Huifu Payment is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Huifu Payment's expected growth come at a high price?
Raw Data
SEHK:1806 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
36.2%per year
Hong Kong IT Industry PEG Ratio Median Figure of 7 Publicly-Listed IT Companies 0.68x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:1806 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.97x ÷ 36.2%

0.61x

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

  • Huifu Payment is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Huifu Payment's assets?
Raw Data
SEHK:1806 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.58
SEHK:1806 Share Price * SEHK (2019-05-20) in HKD HK$4.1
SEHK:1806 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥3.61
Hong Kong IT Industry PB Ratio Median Figure of 31 Publicly-Listed IT Companies 1.32x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:1806 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1806 Share Price ÷ Book Value per Share (both in CNY)

= 3.61 ÷ 1.58

2.28x

* Primary Listing of Huifu Payment.

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

  • Huifu Payment is overvalued based on assets compared to the HK IT industry average.
X
Value checks
We assess Huifu Payment'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 IT 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 IT industry average (and greater than 0)? (1 check)
  5. Huifu Payment has a total score of 3/6, 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.

1806 Future Performance

 How is Huifu Payment expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
36.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Huifu Payment expected to grow at an attractive rate?
  • Huifu Payment's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Huifu Payment's earnings growth is expected to exceed the Hong Kong market average.
  • Huifu Payment's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:1806 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:1806 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 36.2%
SEHK:1806 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 26%
Hong Kong IT Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Hong Kong IT Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
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:1806 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1806 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 7,419 1,088 594 2
2020-12-31 5,861 1,566 456 3
2019-12-31 4,556 1,812 316 4
SEHK:1806 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 3,246 719 176
2018-09-30 2,873 607 163
2018-06-30 2,500 496 149
2018-03-31 2,113 636 144
2017-12-31 1,726 776 138
2016-12-31 1,095 -439 125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Huifu Payment's earnings are expected to grow significantly at over 20% yearly.
  • Huifu Payment's revenue is expected to grow significantly at over 20% yearly.
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:1806 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Huifu Payment Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1806 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.45 0.45 0.45 1.00
2020-12-31 0.35 0.39 0.32 3.00
2019-12-31 0.23 0.24 0.22 2.00
SEHK:1806 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.16
2018-09-30 0.13
2018-06-30 0.12
2018-03-31 0.11
2017-12-31
2016-12-31

*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.
  • Huifu Payment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Huifu Payment'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.
Huifu Payment has a total score of 5/6, 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.

1806 Past Performance

  How has Huifu Payment 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 Huifu Payment's growth in the last year to its industry (IT).
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.
  • Insufficient data to establish if Huifu Payment's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Huifu Payment's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Huifu Payment's earnings growth has exceeded the HK IT industry average in the past year (27.4% vs 26.2%).
Earnings and Revenue History
Huifu Payment'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 Huifu Payment Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1806 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 3,246.49 176.07 426.62 231.70
2018-09-30 2,873.11 162.62 406.57 189.79
2018-06-30 2,499.73 149.18 386.52 147.88
2018-03-31 2,112.99 143.71 348.67 139.33
2017-12-31 1,726.26 138.24 310.83 130.78
2016-12-31 1,094.78 125.19 227.95 93.27
2015-12-31 555.72 -7.57 183.23 79.76

*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.
  • Huifu Payment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Huifu Payment used its assets less efficiently than the HK IT industry average last year based on Return on Assets.
  • Huifu Payment has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Huifu Payment'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 IT 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.
Huifu Payment has a total score of 2/6, 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.

1806 Health

 How is Huifu Payment'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 Huifu Payment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Huifu Payment is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Huifu Payment's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Huifu Payment'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 12.3x 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 Huifu Payment Company Filings, last reported 4 months ago.

SEHK:1806 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,983.60 717.28 1,753.35
2018-09-30 1,983.60 717.28 1,753.35
2018-06-30 1,835.05 921.13 2,159.98
2018-03-31 1,835.05 921.13 2,159.98
2017-12-31 706.23 415.32 393.49
2016-12-31 539.71 766.35 283.58
2015-12-31 406.67 131.80 241.62
  • Huifu Payment's level of debt (36.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Huifu Payment's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (100.3%, greater than 20% of total debt).
  • Huifu Payment earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Huifu Payment'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. Huifu Payment has a total score of 5/6, 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.

1806 Dividends

 What is Huifu Payment'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 Huifu Payment dividends.
If you bought HK$2,000 of Huifu Payment 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 Huifu Payment's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Huifu Payment'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:1806 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 4 Analyst Estimates (S&P Global) See Below
Hong Kong IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:1806 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

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

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

1806 Management

 What is the CEO of Huifu Payment'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
Ye Zhou
COMPENSATION CN¥4,197,000
AGE 51
TENURE AS CEO 1.2 years
CEO Bio

Mr. Ye Zhou has been Chairman and Chief Executive Officer of Huifu Payment Limited since March 2018 and has been its Executive Director since December 21, 2017. Mr. Zhou is also the Chairman of the board of directors of PnR Network, the Chairman of the board of directors and the Chief Executive Officer of China PnR and the Chairman of the board of directors of PnR Data. Mr. Zhou currently serves as a Director of the Management Company; a non-executive director of PnR Holdings, PnR (Cayman), Paytech Holdings and 14 members of the Excluded Group and a limited partner of Huifu FinTech. Mr. Zhou has over 29 years of experience in computer technology, electronic payments and finance and corporate management. Prior to joining the Group, Mr. Zhou’s previous work experience primarily includes: serving as a software engineer in the No.32 Institute of Electronics Industrial Ministry, currently known as the Technology No.32 Institute of China Electronics Technology Group Corporation from June 1989 to February 1993; the manager of the sales department, a vice president and a senior vice president of Shanghai Huateng Software System Co., Ltd. from February 1993 to June 2000; and an executive director and the general manager of ChinaPay Electronic Payment Service Co., Ltd. from June 2000 to May 2006. Mr. Zhou obtained a bachelor’s degree of science in wireless electronics from the department of electronic engineering of Fudan University in Shanghai, the PRC in July 1986; a master’s degree of engineering in communication and electronic systems from the department of wireless electronics of Shanghai University of Science and Technology, (currently known as Shanghai University) in Shanghai, the PRC in June 1989; and a master’s degree in business administration from China Europe International Business School in Shanghai, the PRC in April 2002. Mr. Zhou graduated from the DBA Global Finance Program of Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University in Shanghai, the PRC and obtained a doctor’s degree of business administration in Global Financial Management from Arizona State University in May 2015. Mr. Zhou was awarded the “Leading Talent of Shanghai City for the Year of 2011” by the Organization Department of CPC Shanghai Committee and Shanghai Municipal Human Resources and Social Security Bureau in December 2011 and the “Top Ten Financial Innovation Figures for the Year of 2012” jointly by Xinhua News Agency Shanghai Bureau, Shanghai Financial Association and institutions in December 2012. Mr. Zhou currently serves as a member of the Internet Finance Committee of Asset Management Association of China; a vice chairman of the Association of Shanghai Internet Financial Industry; an executive director of Shanghai Finance Institute; and a part- time professor of the Shanghai National Accounting Institute.

CEO Compensation
  • Ye's compensation has increased in line with Huifu Payment recently becoming profitable.
  • Ye's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Huifu Payment management team in years:

1.2
Average Tenure
46
Average Age
  • The average tenure for the Huifu Payment management team is less than 2 years, this suggests a new team.
Management Team

Ye Zhou

TITLE
Chairman & CEO
COMPENSATION
CN¥4M
AGE
51
TENURE
1.2 yrs

Haijie Mu

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
46
TENURE
1.2 yrs

Yuan Jin

TITLE
CFO, Executive Director & Joint Company Secretary
COMPENSATION
CN¥2M
AGE
43
TENURE
1.4 yrs

Betty So

TITLE
Joint Company Secretary
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Huifu Payment board of directors in years:

1.2
Average Tenure
50
Average Age
  • The average tenure for the Huifu Payment board of directors is less than 3 years, this suggests a new board.
Board of Directors

Haijie Mu

TITLE
President & Executive Director
COMPENSATION
CN¥2M
AGE
46
TENURE
1.2 yrs

Yuan Jin

TITLE
CFO, Executive Director & Joint Company Secretary
COMPENSATION
CN¥2M
AGE
43
TENURE
1.2 yrs

Hengzhong Wang

TITLE
Independent Non-Executive Director
AGE
50
TENURE
1.2 yrs

Ye Zhou

TITLE
Chairman & CEO
COMPENSATION
CN¥4M
AGE
51
TENURE
1.2 yrs

Qi Zhang

TITLE
Independent Non-Executive Director
AGE
58
TENURE
1.2 yrs

Joe Zhou

TITLE
Non Executive Director
AGE
56
TENURE
1.2 yrs

Chia Chow Chye

TITLE
Non-Executive Director
AGE
46
TENURE
1.2 yrs

Zhongjue Chen

TITLE
Non-Executive Director
AGE
39
TENURE
1.2 yrs

Jun Liu

TITLE
Independent Non-Executive Director
AGE
57
TENURE
1.2 yrs
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$) Value (HK$)
31. Jan 19 Sell FMR LLC Company 29. Jan 19 29. Jan 19 -115,246,778 HK$2.98 HK$-343,610,781
31. Jul 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 04. Jul 18 04. Jul 18 2,298,400 HK$6.49 HK$14,916,609
X
Management checks
We assess Huifu Payment'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. Huifu Payment 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.

1806 News

Simply Wall St News

Huifu Payment Limited (HKG:1806): The Best Of Both Worlds

Help shape the future of investing tools and you could win a $250 gift card! … Huifu Payment Limited (HKG:1806) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Could The Huifu Payment Limited (HKG:1806) Ownership Structure Tell Us Something Useful?

Every investor in Huifu Payment Limited (HKG:1806) should be aware of the most powerful shareholder groups. … With a market capitalization of HK$5.4b, Huifu Payment is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Huifu Payment

Simply Wall St -

Can Huifu Payment Limited (HKG:1806) Improve Its Returns?

Huifu Payment has a ROE of 8.0%, based on the last twelve months. … View our latest analysis for Huifu Payment? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Huifu Payment Limited's (HKG:1806) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Huifu Payment Limited (HKG:1806), with a market cap of HK$3.7b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

What Kind Of Shareholders Own Huifu Payment Limited (HKG:1806)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Huifu Payment is not a large company by global standards. … Check out our latest analysis for Huifu Payment

Simply Wall St -

A Closer Look At Huifu Payment Limited's (HKG:1806) Uninspiring ROE

Huifu Payment has a ROE of 8.0%, based on the last twelve months. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.080 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Must Know About Huifu Payment Limited's (HKG:1806) Financial Strength

Huifu Payment Limited (HKG:1806) is a small-cap stock with a market capitalization of HK$4.56b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

1806 Company Info

Description

Huifu Payment Limited provides third-party payment services in Mainland China. The company offers merchant payment services, such as POS, Internet payment, mobile payment, mobile POS, and cross-border payment services to micro and small merchants, as well as companies in various industry verticals. It also provides fintech enabling services, including SaaS offerings that comprise account management services and data-driven value-added services to Internet finance providers and commercial banks. The company was founded in 2006 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: Huifu Payment Limited
1806
Exchange: SEHK
Founded: 2006
HK$5,349,515,979
1,249,886,911
Website: http://www.huifu.com
Address: Huifu Payment Limited
Putian Industrial Park Phase II,
Block C5,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1806 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Jun 2018
SHSC 1806 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 15. Jun 2018
SZSC 1806 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 15. Jun 2018
SEHK 1806 HKD0.0001 The Stock Exchange of Hong Kong Ltd. HK HKD 20. May 2019
Number of employees
Current staff
Staff numbers
1,142
Huifu Payment employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 13:08
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2019/04/18
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.