SEHK:1743

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Zhejiang Cangnan Instrument Group

Executive Summary

Zhejiang Cangnan Instrument Group Company Limited manufactures and sells gas metering instruments and other related products in People’s Republic of China. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Zhejiang Cangnan Instrument Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1743's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.6%

1743

1.9%

HK Electronic

1.9%

HK Market


1 Year Return

123.1%

1743

-4.4%

HK Electronic

1.5%

HK Market

Return vs Industry: 1743 exceeded the Hong Kong Electronic industry which returned -2.3% over the past year.

Return vs Market: 1743 exceeded the Hong Kong Market which returned 2% over the past year.


Shareholder returns

1743IndustryMarket
7 Day-12.6%1.9%1.9%
30 Day-17.8%3.6%3.6%
90 Day-29.4%-6.0%2.8%
1 Year125.6%123.1%-1.4%-4.4%5.8%1.5%
3 Yearn/a-34.3%-39.7%-5.0%-15.4%
5 Yearn/a17.1%1.2%17.1%-2.8%

Price Volatility Vs. Market

How volatile is Zhejiang Cangnan Instrument Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Zhejiang Cangnan Instrument Group undervalued compared to its fair value and its price relative to the market?

32.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1743 (HK$31.9) is trading below our estimate of fair value (HK$47.24)

Significantly Below Fair Value: 1743 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1743 is poor value based on its PE Ratio (18.9x) compared to the HK Electronic industry average (13.4x).

PE vs Market: 1743 is poor value based on its PE Ratio (18.9x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1743's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1743 is overvalued based on its PB Ratio (1.9x) compared to the HK Electronic industry average (0.8x).


Next Steps

Future Growth

How is Zhejiang Cangnan Instrument Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.5%

Forecasted Tech 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 Zhejiang Cangnan Instrument Group 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

Past Performance

How has Zhejiang Cangnan Instrument Group performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1743 has high quality earnings.

Growing Profit Margin: 1743's current net profit margins (23.7%) are lower than last year (36.6%).


Past Earnings Growth Analysis

Earnings Trend: 1743's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: 1743's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1743 had negative earnings growth (-52.3%) over the past year, making it difficult to compare to the Electronic industry average (-15.1%).


Return on Equity

High ROE: 1743's Return on Equity (10%) is considered low.


Next Steps

Financial Health

How is Zhejiang Cangnan Instrument Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1743's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥325.7M).

Long Term Liabilities: 1743's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥215.0K).


Debt to Equity History and Analysis

Debt Level: 1743's debt to equity ratio (5.6%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1743's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1743's debt is well covered by operating cash flow (349.7%).

Interest Coverage: 1743 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Zhejiang Cangnan Instrument Group current dividend yield, its reliability and sustainability?

2.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1743's dividend (2.19%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.23%).

High Dividend: 1743's dividend (2.19%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.86%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1743's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1743's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.3%), 1743's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Youliang Huang (55 yo)

17.75yrs

Tenure

Mr. Huang Youliang serves as an Executive Director at Zhejiang Cangnan Instrument Group Company Limited since June 13, 2017 and serves as its General Manager since January 2003. Mr. Huang served as a stati ...


Leadership Team

NamePositionTenureCompensationOwnership
Zuobin Hong
Chairman of the Board3.33yrsno data13.26%
CN¥ 295.2m
Youliang Huang
GM & Executive Director17.75yrsno data9.6%
CN¥ 213.7m
Liyun Huang
Head of Finance Department3.33yrsno datano data
Zefeng Fan
Deputy General Manager15.75yrsno datano data
Wensheng Jin
Deputy GM & Executive Director0.33yrno data2.3%
CN¥ 51.2m
Jingdian Lin
Non-Employee Representative Supervisor & Chief Engineerno datano data0.23%
CN¥ 5.1m
Zhongzhu Lin
Deputy GM & Executive Director3.33yrsno data1.05%
CN¥ 23.3m
Shengyi Zhang
Chief Engineer & Executive Director3.33yrsno data2.87%
CN¥ 64.0m
Xingjing Yin
Vice GM & Executive Director3.33yrsno data2.45%
CN¥ 54.6m
Zichan Lin
Vice GM3.33yrsno data2.45%
CN¥ 54.6m
Chun Wai Chan
Join Company Secretary3.08yrsno datano data
Qihui Chen
Financial Controller3.08yrsno datano data

3.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 1743's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Zuobin Hong
Chairman of the Board3.33yrsno data13.26%
CN¥ 295.2m
Youliang Huang
GM & Executive Director17.75yrsno data9.6%
CN¥ 213.7m
Wensheng Jin
Deputy GM & Executive Director0.33yrno data2.3%
CN¥ 51.2m
Jingdian Lin
Non-Employee Representative Supervisor & Chief Engineerno datano data0.23%
CN¥ 5.1m
Zhongzhu Lin
Deputy GM & Executive Director3.33yrsno data1.05%
CN¥ 23.3m
Shengyi Zhang
Chief Engineer & Executive Director3.33yrsno data2.87%
CN¥ 64.0m
Xingjing Yin
Vice GM & Executive Director3.33yrsno data2.45%
CN¥ 54.6m
Zichan Lin
Vice GM3.33yrsno data2.45%
CN¥ 54.6m
Hak Kun Wong
Independent Non-Executive Director2.33yrsno datano data
Xijun Huang
Chairman of Supervisory Committeeno datano data0.14%
CN¥ 3.1m
Jack Ho Wan Ng
Independent Non-Executive Director2.33yrsno datano data
Zhongdi Su
Independent Non-Executive Director2.33yrsno datano data

3.3yrs

Average Tenure

49yo

Average Age

Experienced Board: 1743's board of directors are considered experienced (3.3 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

Zhejiang Cangnan Instrument Group Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Zhejiang Cangnan Instrument Group Company Limited
  • Ticker: 1743
  • Exchange: SEHK
  • Founded: 1977
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: HK$2.226b
  • Shares outstanding: 69.79m
  • Website: https://www.zjcnyb.com

Number of Employees


Location

  • Zhejiang Cangnan Instrument Group Company Limited
  • Industrial Demonstrative Park
  • Lingxi Town
  • Wenzhou
  • Zhejiang Province
  • 325800
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1743SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJan 2019

Biography

Zhejiang Cangnan Instrument Group Company Limited manufactures and sells gas metering instruments and other related products in People’s Republic of China. The company offers gas flowmeters and filters, pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 12:31
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
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.