Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Qiuling Zhang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 29
Hangjin Technology Co., Ltd., Annual General Meeting, May 19, 2026 Hangjin Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 30F, CITIC Pacific Plaza, Wuhan, Hubei China Tillkännagivande • Mar 31
Hangjin Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Hangjin Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Tillkännagivande • Dec 31
Hangjin Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Hangjin Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Tillkännagivande • Sep 30
Hangjin Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Hangjin Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Tillkännagivande • Jul 02
Hangjin Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Hangjin Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Tillkännagivande • Apr 25
Hangjin Technology Co., Ltd., Annual General Meeting, May 15, 2025 Hangjin Technology Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 30F, CITIC Pacific Plaza, Wuhan, Hubei China Tillkännagivande • Mar 31
Hangjin Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Hangjin Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Tillkännagivande • Dec 31
Hangjin Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Hangjin Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 New Risk • Oct 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 18% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.05 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.011 (down from CN¥0.05 in 3Q 2023). Revenue: CN¥1.15b (up 30% from 3Q 2023). Net income: CN¥7.77m (down 75% from 3Q 2023). Profit margin: 0.7% (down from 3.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Tillkännagivande • Sep 30
Hangjin Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Hangjin Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.03 loss per share (vs CN¥0.067 profit in 2Q 2023) Second quarter 2024 results: CN¥0.03 loss per share (down from CN¥0.067 profit in 2Q 2023). Revenue: CN¥467.1m (down 47% from 2Q 2023). Net loss: CN¥17.6m (down 137% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jun 29
Hangjin Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Hangjin Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Tillkännagivande • May 23
Hangjin Technology Co., Ltd. Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 24 May 2024 Hangjin Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 23 May 2024, Ex-date: 24 May 2024 and Payment date: 24 May 2024. New Risk • Apr 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Tillkännagivande • Mar 30
Hangjin Technology Co., Ltd. to Report Q1, 2024 Results on Apr 03, 2024 Hangjin Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 03, 2024 Tillkännagivande • Mar 15
Hangjin Technology Co., Ltd., Annual General Meeting, Apr 03, 2024 Hangjin Technology Co., Ltd., Annual General Meeting, Apr 03, 2024, at 14:00 China Standard Time. Location: 30F, CITIC Pacific Plaza, Wuhan, Hubei China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2024 comprehensive credit line plan; to consider Provision of guarantee for a subsidiary; to consider Reappointment of 2024 audit firm; to consider Remuneration or allowance standards for directors; and to consider other related matters. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.34 in FY 2022) Full year 2023 results: EPS: CN¥0.19 (down from CN¥0.34 in FY 2022). Revenue: CN¥3.67b (down 14% from FY 2022). Net income: CN¥128.1m (down 44% from FY 2022). Profit margin: 3.5% (down from 5.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 03
Hangjin Technology Co., Ltd. (SZSE:000818) announces an Equity Buyback for CNY 400 million worth of its shares. Hangjin Technology Co., Ltd. (SZSE:000818) announces a share repurchase program. Under the program, the company will repurchase CNY 400 million worth of its shares. The program will be valid for 12 months. Tillkännagivande • Dec 30
Hangjin Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 14, 2024 Hangjin Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 14, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.017 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.017 in 3Q 2022). Revenue: CN¥886.6m (down 6.4% from 3Q 2022). Net income: CN¥31.4m (up 188% from 3Q 2022). Profit margin: 3.5% (up from 1.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. New Risk • Oct 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.067 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥879.0m (down 22% from 2Q 2022). Net income: CN¥48.3m (down 41% from 2Q 2022). Profit margin: 5.5% (down from 7.2% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 13
Hangjin Technology Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date: 16 June 2023 Hangjin Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.60000000. Record date: 15 June 2023, Ex-date: 16 June 2023 and Payment date: 16 June 2023. Tillkännagivande • May 20
Hangjin Technology Co., Ltd. Approves Cash Dividend for the Year 2022 Hangjin Technology Co., Ltd. announced at annual general meeting held on May 18, 2023, the shareholders approved cash dividend of CNY 0.600000000 per ten shares (tax included) for the year 2022. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥1.08 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥1.08 in FY 2021). Revenue: CN¥4.29b (down 12% from FY 2021). Net income: CN¥229.8m (down 69% from FY 2021). Profit margin: 5.4% (down from 15% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥31.50, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 63% over the past three years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Chairman Weidong Cai was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.017 (vs CN¥0.33 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.017 (down from CN¥0.33 in 3Q 2021). Revenue: CN¥947.6m (down 20% from 3Q 2021). Net income: CN¥10.9m (down 95% from 3Q 2021). Profit margin: 1.2% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Sep 02
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Chairman Weidong Cai is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.29 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.29 in 2Q 2021). Revenue: CN¥1.13b (flat on 2Q 2021). Net income: CN¥81.2m (down 58% from 2Q 2021). Profit margin: 7.2% (down from 17% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jun 09
Now 20% undervalued Over the last 90 days, the stock is up 8.7%. The fair value is estimated to be CN¥44.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 22%. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥34.60, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 25x in the Chemicals industry in China. Total returns to shareholders of 233% over the past three years. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.31 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.31 in 1Q 2021). Revenue: CN¥1.05b (down 11% from 1Q 2021). Net income: CN¥90.3m (down 57% from 1Q 2021). Profit margin: 8.6% (down from 18% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Non-Independent Director Xiaolin Qiao is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥33.47, the stock trades at a trailing P/E ratio of 32.9x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 171% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥36.46, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 199% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.14 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.18b (up 24% from 3Q 2020). Net income: CN¥228.4m (up 141% from 3Q 2020). Profit margin: 19% (up from 10.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 60% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥35.20, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 312% over the past three years. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.018 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.12b (up 64% from 2Q 2020). Net income: CN¥195.3m (up CN¥206.5m from 2Q 2020). Profit margin: 17% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥32.00, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥24.34, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 29x in the Chemicals industry in China. Total returns to shareholders of 98% over the past three years. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.44 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.54b (down 6.3% from FY 2019). Net income: CN¥236.2m (down 23% from FY 2019). Profit margin: 6.7% (down from 8.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 19
New 90-day high: CN¥22.57 The company is up 14% from its price of CN¥19.85 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 16% share price gain to CN¥20.89, the stock is trading at a trailing P/E ratio of 59.5x, up from the previous P/E ratio of 51.3x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past three years are 84%. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥247.1m, down 40% from the prior year. Total revenue was CN¥3.51b over the last 12 months, down 6.6% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥20.19 The company is down 16% from its price of CN¥23.95 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥21.52 The company is down 7.0% from its price of CN¥23.17 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period.