Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: CN¥0.64 (vs CN¥0.41 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.64 (up from CN¥0.41 in 1Q 2025). Revenue: CN¥4.27b (up 27% from 1Q 2025). Net income: CN¥638.5m (up 56% from 1Q 2025). Profit margin: 15% (up from 12% in 1Q 2025). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). Duyuru • Mar 31
HGTECH Company Limited to Report Q1, 2026 Results on Apr 27, 2026 HGTECH Company Limited announced that they will report Q1, 2026 results on Apr 27, 2026 New Risk • Mar 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 26
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.47 (up from CN¥1.21 in FY 2024). Revenue: CN¥14.4b (up 23% from FY 2024). Net income: CN¥1.47b (up 21% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Mar 25
HGTECH Company Limited, Annual General Meeting, Apr 16, 2026 HGTECH Company Limited, Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China New Risk • Mar 11
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 7.9% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Mar 10
Price target increased by 23% to CN¥87.80 Up from CN¥71.49, the current price target is an average from 2 analysts. New target price is 29% below last closing price of CN¥124. Stock is up 174% over the past year. The company is forecast to post earnings per share of CN¥1.84 for next year compared to CN¥1.21 last year. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥88.55, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 321% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.91 per share. Duyuru • Dec 31
HGTECH Company Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 HGTECH Company Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥83.20, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 381% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.52 per share. Price Target Changed • Oct 25
Price target increased by 15% to CN¥71.49 Up from CN¥62.13, the current price target is an average from 4 analysts. New target price is 12% below last closing price of CN¥81.02. Stock is up 120% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.21 last year. Reported Earnings • Oct 24
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.41 (up from CN¥0.31 in 3Q 2024). Revenue: CN¥3.41b (down 10% from 3Q 2024). Net income: CN¥410.2m (up 31% from 3Q 2024). Profit margin: 12% (up from 8.2% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. 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 65% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥78.56, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 290% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.76 per share. Duyuru • Sep 30
Huagong Tech Company Limited to Report Q3, 2025 Results on Oct 24, 2025 Huagong Tech Company Limited announced that they will report Q3, 2025 results on Oct 24, 2025 Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥81.26, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 325% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.38 per share. New Risk • Sep 11
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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Price Target Changed • Sep 01
Price target increased by 8.3% to CN¥62.13 Up from CN¥57.38, the current price target is an average from 4 analysts. New target price is 17% below last closing price of CN¥75.26. Stock is up 159% over the past year. The company is forecast to post earnings per share of CN¥1.88 for next year compared to CN¥1.21 last year. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥64.40, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 212% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.82 per share. Buy Or Sell Opportunity • Aug 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to CN¥59.97. The fair value is estimated to be CN¥49.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Price Target Changed • Aug 17
Price target increased by 11% to CN¥57.38 Up from CN¥51.89, the current price target is an average from 4 analysts. New target price is 11% above last closing price of CN¥51.52. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥1.86 for next year compared to CN¥1.21 last year. Reported Earnings • Aug 15
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.50 (up from CN¥0.33 in 2Q 2024). Revenue: CN¥4.27b (up 41% from 2Q 2024). Net income: CN¥501.2m (up 50% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 02
Huagong Tech Company Limited to Report First Half, 2025 Results on Aug 15, 2025 Huagong Tech Company Limited announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • Jun 18
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 35% higher than last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (15% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 91% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 13
Huagong Tech Company Limited Approves Cash Dividend for the Year 2024 Huagong Tech Company Limited at its Annual General Meeting held on 09 May 2025, approved cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2024. Duyuru • Apr 17
Huagong Tech Company Limited (SZSE:000988) announces an Equity Buyback for CNY 400 million worth of its shares. Huagong Tech Company Limited (SZSE:000988) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 62.80 per share. The program will be financed via special loans for self-owned funds . The purpose of the program is to use repurchased shares for employee stock ownership plans or equity incentives. The program will be valid for 12 months. Duyuru • Apr 15
Huagong Tech Company Limited Proposes Final Cash Dividend for the Year 2024 Huagong Tech Company Limited proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for the year 2024. Duyuru • Apr 14
Huagong Tech Company Limited, Annual General Meeting, May 09, 2025 Huagong Tech Company Limited, Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China New Risk • Apr 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.21 (up from CN¥1.00 in FY 2023). Revenue: CN¥11.7b (up 15% from FY 2023). Net income: CN¥1.22b (up 21% from FY 2023). Profit margin: 10% (in line with FY 2023). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥33.83, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 89% over the past three years. Duyuru • Mar 31
Huagong Tech Company Limited to Report Q1, 2025 Results on Apr 25, 2025 Huagong Tech Company Limited announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥49.20, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 101% over the past three years. Duyuru • Dec 31
Huagong Tech Company Limited to Report Fiscal Year 2024 Results on Apr 12, 2025 Huagong Tech Company Limited announced that they will report fiscal year 2024 results on Apr 12, 2025 Price Target Changed • Nov 30
Price target increased by 9.3% to CN¥51.45 Up from CN¥47.09, the current price target is an average from 3 analysts. New target price is 44% above last closing price of CN¥35.71. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥1.29 for next year compared to CN¥1.00 last year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥36.42, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Price Target Changed • Oct 29
Price target increased by 9.5% to CN¥45.87 Up from CN¥41.90, the current price target is an average from 4 analysts. New target price is 21% above last closing price of CN¥38.06. Stock is up 35% over the past year. The company is forecast to post earnings per share of CN¥1.31 for next year compared to CN¥1.00 last year. New Risk • Oct 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 25
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: CN¥0.31 (up from CN¥0.23 in 3Q 2023). Revenue: CN¥3.80b (up 74% from 3Q 2023). Net income: CN¥312.7m (up 36% from 3Q 2023). Profit margin: 8.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Duyuru • Sep 30
Huagong Tech Company Limited to Report Q3, 2024 Results on Oct 25, 2024 Huagong Tech Company Limited announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥34.92, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 21% over the past three years. New Risk • Aug 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.27 in 2Q 2023). Revenue: CN¥3.03b (up 28% from 2Q 2023). Net income: CN¥335.0m (up 22% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 01
Now 25% overvalued Over the last 90 days, the stock has fallen 14% to CN¥30.19. The fair value is estimated to be CN¥24.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Duyuru • Jun 29
Huagong Tech Company Limited to Report First Half, 2024 Results on Aug 16, 2024 Huagong Tech Company Limited announced that they will report first half, 2024 results on Aug 16, 2024 Buy Or Sell Opportunity • Jun 26
Now 24% overvalued Over the last 90 days, the stock has fallen 5.2% to CN¥30.02. The fair value is estimated to be CN¥24.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Duyuru • Jun 06
Huagong Tech Company Limited Implements 2023 Final Profit Distribution for A Shares, Payable on 12 June 2024 Huagong Tech Company Limited implemented 2023 final profit distribution plan for A shares. Cash dividend/10 shares (tax included) of CNY 1.50000000. Record date is 11 June 2024, Ex-date is 12 June 2024 and Payment date is 12 June 2024. New Risk • Apr 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: CN¥0.29 (down from CN¥0.31 in 1Q 2023). Revenue: CN¥2.17b (down 19% from 1Q 2023). Net income: CN¥289.9m (down 5.9% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Major Estimate Revision • Apr 03
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥14.8b to CN¥13.1b. EPS estimate fell from CN¥1.42 to CN¥1.30 per share. Net income forecast to grow 30% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥38.81 to CN¥39.62. Share price rose 9.0% to CN¥33.96 over the past week. Duyuru • Mar 30
Huagong Tech Company Limited to Report Q1, 2024 Results on Apr 26, 2024 Huagong Tech Company Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Duyuru • Mar 28
Huagong Tech Company Limited, Annual General Meeting, Apr 18, 2024 Huagong Tech Company Limited, Annual General Meeting, Apr 18, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.00 (up from CN¥0.90 in FY 2022). Revenue: CN¥10.2b (down 15% from FY 2022). Net income: CN¥1.01b (up 11% from FY 2022). Profit margin: 9.9% (up from 7.5% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.82, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Electronic industry in China. Total returns to shareholders of 29% over the past three years. Duyuru • Dec 29
Huagong Tech Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024 Huagong Tech Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024 Major Estimate Revision • Nov 08
Consensus revenue estimates fall by 24% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥13.1b to CN¥10.0b. EPS estimate fell from CN¥1.12 to CN¥0.98 per share. Net income forecast to grow 34% next year vs 73% growth forecast for Electronic industry in China. Consensus price target of CN¥37.76 unchanged from last update. Share price rose 7.4% to CN¥30.10 over the past week. New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥2.18b (down 17% from 3Q 2022). Net income: CN¥230.0m (up 45% from 3Q 2022). Profit margin: 11% (up from 6.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 8.0%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥26.45, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.69 per share. Buying Opportunity • Oct 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥40.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 73% in 2 years. Earnings is forecast to grow by 80% in the next 2 years. Buying Opportunity • Sep 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥40.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 77% in 2 years. Earnings is forecast to grow by 80% in the next 2 years. Reported Earnings • Aug 21
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.27 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥2.36b (down 30% from 2Q 2022). Net income: CN¥273.7m (down 19% from 2Q 2022). Profit margin: 12% (up from 10.0% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 49%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 09
Now 28% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be CN¥48.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 64% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥38.40, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.24 per share. Duyuru • Jul 01
Huagong Tech Company Limited to Report First Half, 2023 Results on Aug 21, 2023 Huagong Tech Company Limited announced that they will report first half, 2023 results on Aug 21, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥43.52, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.68 per share. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥33.66, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.17 per share. Duyuru • May 10
Huagong Tech Company Limited Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 16 May 2023 Huagong Tech Company Limited announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, payable on 16 May 2023. Record date is 15 May 2023. Ex-date is 16 May 2023. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥36.26, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.19 per share. Reported Earnings • Apr 17
First quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.22 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.31 (up from CN¥0.22 in 1Q 2022). Revenue: CN¥2.66b (down 6.8% from 1Q 2022). Net income: CN¥308.1m (up 36% from 1Q 2022). Profit margin: 12% (up from 7.9% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.95, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.53 per share. Major Estimate Revision • Mar 07
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥17.3b to CN¥15.3b. EPS estimate fell from CN¥1.22 to CN¥1.20 per share. Net income forecast to grow 33% next year vs 47% growth forecast for Electronic industry in China. Consensus price target up from CN¥25.91 to CN¥28.19. Share price rose 3.1% to CN¥20.54 over the past week. Price Target Changed • Mar 04
Price target increased by 8.8% to CN¥28.19 Up from CN¥25.91, the current price target is an average from 3 analysts. New target price is 35% above last closing price of CN¥20.90. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥1.20 for next year compared to CN¥0.90 last year. Reported Earnings • Mar 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.90 (up from CN¥0.76 in FY 2021). Revenue: CN¥12.0b (up 18% from FY 2021). Net income: CN¥906.1m (up 19% from FY 2021). Profit margin: 7.5% (in line with FY 2021). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 13
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥13.5b to CN¥12.7b. EPS estimate also fell from CN¥0.94 per share to CN¥0.84 per share. Net income forecast to grow 63% next year vs 48% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥25.91. Share price was steady at CN¥17.73 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. Non-Independent Director Songqing Zhu is the most experienced director on the board, commencing their role in 2014. 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 • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.45 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.45 in 3Q 2021). Revenue: CN¥2.63b (down 3.5% from 3Q 2021). Net income: CN¥158.9m (down 65% from 3Q 2021). Profit margin: 6.0% (down from 17% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.24 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.24 in 2Q 2021). Revenue: CN¥3.36b (up 18% from 2Q 2021). Net income: CN¥337.3m (up 43% from 2Q 2021). Profit margin: 10.0% (up from 8.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 36%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥25.20, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.13 per share. Duyuru • Jun 10
Huagong Tech Company Limited Announces Final Dividend on A Shares for the Year 2021, Payable on June 16, 2022 Huagong Tech Company Limited announced final cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares for the year 2021. Record date is June 15, 2022. Ex-date is June 16, 2022. Payment date is June 16, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥2.86b (up 60% from 1Q 2021). Net income: CN¥226.0m (up 99% from 1Q 2021). Profit margin: 7.9% (up from 6.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 9.9%. Over the next year, revenue is forecast to grow 26%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging 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. Independent Director Lijun Hu is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 23
Huagong Tech Company Limited Approves Cash Dividend Huagong Tech Company Limited held its Annual General Meeting of 2021 on 21 April 2022, during which it approved: Cash dividend/10 shares (tax included): CNY 0.80000000. 
