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Chengdu Hongqi ChainLtd

SZSE:002697
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002697
SZSE
CN¥14B
Market Cap
  1. Home
  2. CN
  3. Consumer Retailing
Company description

Chengdu Hongqi Chain Co.,Ltd. operates a chain of convenience stores in Sichuan Province, China. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Chengdu Hongqi ChainLtd has significant price volatility in the past 3 months.
002697 Share Price and Events
7 Day Returns
11.5%
SZSE:002697
3.6%
CN Consumer Retailing
4.3%
CN Market
1 Year Returns
81%
SZSE:002697
16%
CN Consumer Retailing
-7%
CN Market
002697 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chengdu Hongqi ChainLtd (002697) 11.5% 13.3% 35.5% 81% 54.3% 55.6%
CN Consumer Retailing 3.6% 6% 15.2% 16% 15.5% -2.4%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 002697 outperformed the Consumer Retailing industry which returned 16% over the past year.
  • 002697 outperformed the Market in China which returned -7% over the past year.
Price Volatility
002697
Industry
5yr Volatility vs Market

002697 Value

 Is Chengdu Hongqi ChainLtd 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 Chengdu Hongqi ChainLtd 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 Chengdu Hongqi ChainLtd.

SZSE:002697 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ 0.11341666666667
Payout Ratio Company Filings (2019-12-31) 1357.8%
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

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 SZSE:002697
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.393 (1 + (1- 25%) (0.01%))
0.474
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.8 * 6.33%)
8.26%

Discounted Cash Flow Calculation for SZSE:002697 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Chengdu Hongqi ChainLtd is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

SZSE:002697 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.11 / (8.26% - 3.2%)
CN¥2.24
SZSE:002697 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥2.24
Current discount Discount to share price of CN¥10.57
= -1 x (CN¥10.57 - CN¥2.24) / CN¥2.24
-371.9%

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

  • The current share price of Chengdu Hongqi ChainLtd is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Chengdu Hongqi ChainLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chengdu Hongqi ChainLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SZSE:002697 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.38
SZSE:002697 Share Price ** SZSE (2020-04-09) in CNY CN¥10.57
China Consumer Retailing Industry PE Ratio Median Figure of 20 Publicly-Listed Consumer Retailing Companies 43.51x
China Market PE Ratio Median Figure of 3,204 Publicly-Listed Companies 33.67x

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

** Primary Listing of Chengdu Hongqi ChainLtd.

SZSE:002697 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002697 Share Price ÷ EPS (both in CNY)

= 10.57 ÷ 0.38

27.82x

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

  • Chengdu Hongqi ChainLtd is good value based on earnings compared to the CN Consumer Retailing industry average.
  • Chengdu Hongqi ChainLtd is good value based on earnings compared to the China market.
Price based on expected Growth
Does Chengdu Hongqi ChainLtd's expected growth come at a high price?
Raw Data
SZSE:002697 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
15.6%per year
China Consumer Retailing Industry PEG Ratio Median Figure of 14 Publicly-Listed Consumer Retailing Companies 2.17x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

SZSE:002697 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.82x ÷ 15.6%

1.78x

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

  • Chengdu Hongqi ChainLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Chengdu Hongqi ChainLtd's assets?
Raw Data
SZSE:002697 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥2.25
SZSE:002697 Share Price * SZSE (2020-04-09) in CNY CN¥10.57
China Consumer Retailing Industry PB Ratio Median Figure of 21 Publicly-Listed Consumer Retailing Companies 2.95x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
SZSE:002697 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002697 Share Price ÷ Book Value per Share (both in CNY)

= 10.57 ÷ 2.25

4.7x

* Primary Listing of Chengdu Hongqi ChainLtd.

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

  • Chengdu Hongqi ChainLtd is overvalued based on assets compared to the CN Consumer Retailing industry average.
X
Value checks
We assess Chengdu Hongqi ChainLtd'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Chengdu Hongqi ChainLtd has a total score of 2/6, 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.

002697 Future Performance

 How is Chengdu Hongqi ChainLtd expected to perform in the next 1 to 3 years based on estimates from 7 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
15.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chengdu Hongqi ChainLtd expected to grow at an attractive rate?
  • Chengdu Hongqi ChainLtd's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Chengdu Hongqi ChainLtd's earnings growth is positive but not above the China market average.
  • Chengdu Hongqi ChainLtd's revenue growth is positive but not above the China market average.
Annual Growth Rates Comparison
Raw Data
SZSE:002697 Future Growth Rates Data Sources
Data Point Source Value (per year)
SZSE:002697 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 15.6%
SZSE:002697 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 8.7%
China Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 22.2%
China Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 17.2%
China Market Earnings Growth Rate Market Cap Weighted Average 20.7%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*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
SZSE:002697 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SZSE:002697 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 10,198 791 831 6
2021-12-31 9,426 560 725 7
2020-12-31 8,693 665 618 7
2020-04-09
SZSE:002697 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 7,823 276 516
2019-09-30 7,647 294 473
2019-06-30 7,433 469 405
2019-03-31 7,270 493 348
2018-12-31 7,220 662 323
2018-09-30 7,185 687 285
2018-06-30 7,122 517 221
2018-03-31 7,045 323 180
2017-12-31 6,939 480 165
2017-09-30 6,821 440 145
2017-06-30 6,684 361 141
2017-03-31 6,471 382 136

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Chengdu Hongqi ChainLtd's earnings are expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
  • Chengdu Hongqi ChainLtd's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (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
SZSE:002697 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Chengdu Hongqi ChainLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SZSE:002697 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.61 0.73 0.50 6.00
2021-12-31 0.53 0.62 0.46 7.00
2020-12-31 0.46 0.49 0.41 7.00
2020-04-09
SZSE:002697 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.38
2019-09-30 0.35
2019-06-30 0.30
2019-03-31 0.26
2018-12-31 0.24
2018-09-30 0.20
2018-06-30 0.16
2018-03-31 0.13
2017-12-31 0.12
2017-09-30 0.12
2017-06-30 0.10
2017-03-31 0.10

*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.
  • Chengdu Hongqi ChainLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Chengdu Hongqi ChainLtd'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 China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China 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.
Chengdu Hongqi ChainLtd has a total score of 1/6, 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.

002697 Past Performance

  How has Chengdu Hongqi ChainLtd 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 Chengdu Hongqi ChainLtd's growth in the last year to its industry (Consumer Retailing).
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.
  • Chengdu Hongqi ChainLtd has delivered over 20% year on year earnings growth in the past 5 years.
  • Chengdu Hongqi ChainLtd's 1-year earnings growth exceeds its 5-year average (60% vs 24.2%)
  • Chengdu Hongqi ChainLtd's earnings growth has exceeded the CN Consumer Retailing industry average in the past year (60% vs 24%).
Earnings and Revenue History
Chengdu Hongqi ChainLtd'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 Chengdu Hongqi ChainLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SZSE:002697 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,822.78 516.22 1,994.11
2019-09-30 7,646.86 472.92 1,876.75
2019-06-30 7,433.13 404.66 1,839.20
2019-03-31 7,269.63 347.54 1,805.68
2018-12-31 7,220.02 322.71 1,746.75
2018-09-30 7,185.22 285.16 1,717.94
2018-06-30 7,122.42 221.23 1,695.20
2018-03-31 7,045.10 180.01 1,667.97
2017-12-31 6,938.94 164.93 1,641.56
2017-09-30 6,820.66 145.16 1,643.24
2017-06-30 6,683.60 140.68 1,625.43
2017-03-31 6,470.69 135.55 1,570.51
2016-12-31 6,321.63 144.32 1,528.97
2016-09-30 6,125.92 159.26 1,459.28
2016-06-30 5,943.05 164.32 1,400.82
2016-03-31 5,752.51 179.42 1,352.24
2015-12-31 5,486.18 179.22 1,257.47
2015-09-30 5,242.91 185.16 1,165.02
2015-06-30 4,998.06 181.10 1,102.34
2015-03-31 4,871.21 172.63 1,065.81
2014-12-31 4,764.21 170.27 1,050.17
2014-09-30 4,710.46 164.14 1,055.21
2014-06-30 4,635.46 160.17 1,048.65
2014-03-31 4,533.51 158.66 1,018.12
2013-12-31 4,437.04 157.02 984.76
2013-09-30 4,306.14 174.85 936.93
2013-06-30 4,159.10 175.12 875.90

*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.
  • Chengdu Hongqi ChainLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chengdu Hongqi ChainLtd used its assets more efficiently than the CN Consumer Retailing industry average last year based on Return on Assets.
  • Chengdu Hongqi ChainLtd has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chengdu Hongqi ChainLtd'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 Consumer Retailing 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.
Chengdu Hongqi ChainLtd has a total score of 5/6, 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.

002697 Health

 How is Chengdu Hongqi ChainLtd'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 Chengdu Hongqi ChainLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chengdu Hongqi ChainLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chengdu Hongqi ChainLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chengdu Hongqi ChainLtd'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2958.6x 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 Chengdu Hongqi ChainLtd Company Filings, last reported 3 months ago.

SZSE:002697 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,058.47 1.00 1,265.94
2019-09-30 2,948.51 1.00 1,114.76
2019-06-30 2,779.20 1.00 1,083.06
2019-03-31 2,693.65 0.96 886.02
2018-12-31 2,614.54 201.00 1,415.26
2018-09-30 2,547.81 200.00 1,145.19
2018-06-30 2,446.96 300.47 1,121.16
2018-03-31 2,373.21 100.00 631.57
2017-12-31 2,318.87 200.00 887.76
2017-09-30 2,289.56 200.00 351.43
2017-06-30 2,252.39 100.00 449.20
2017-03-31 2,218.96 150.00 529.24
2016-12-31 2,179.70 100.00 409.92
2016-09-30 2,170.32 0.00 496.75
2016-06-30 2,137.80 0.00 689.75
2016-03-31 2,083.67 0.00 533.06
2015-12-31 2,035.64 0.00 848.79
2015-09-30 2,010.95 200.00 1,144.43
2015-06-30 2,014.90 200.00 1,465.43
2015-03-31 1,958.09 0.00 1,480.40
2014-12-31 1,910.37 0.00 1,466.06
2014-09-30 1,879.17 0.00 406.80
2014-06-30 1,867.06 0.00 562.96
2014-03-31 1,827.11 0.00 486.37
2013-12-31 1,781.64 0.00 1,242.00
2013-09-30 1,757.42 0.00 1,011.00
2013-06-30 1,746.30 0.00 1,043.27
  • Chengdu Hongqi ChainLtd's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Chengdu Hongqi ChainLtd's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (27559.7%, greater than 20% of total debt).
  • Chengdu Hongqi ChainLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Chengdu Hongqi ChainLtd'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. Chengdu Hongqi ChainLtd 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.

002697 Dividends

 What is Chengdu Hongqi ChainLtd'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
0.82%
Current annual income from Chengdu Hongqi ChainLtd dividends. Estimated to be 1.07% next year.
If you bought CN¥2,000 of Chengdu Hongqi ChainLtd shares you are expected to receive CN¥16 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?
  • Chengdu Hongqi ChainLtd's pays a higher dividend yield than the bottom 25% of dividend payers in China (0.44%).
  • Chengdu Hongqi ChainLtd's dividend is below the markets top 25% of dividend payers in China (1.96%).
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
SZSE:002697 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 7 Analyst Estimates (S&P Global) See Below
China Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 0.9%
China Market Average Dividend Yield Market Cap Weighted Average of 2584 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

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

SZSE:002697 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.12 4.00
2021-12-31 0.11 4.00
2020-12-31 0.10 4.00
2020-04-09
SZSE:002697 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.087 0.899
2019-03-27 0.053 0.750
2018-05-24 0.021 0.409
2017-04-19 0.019 0.321
2016-10-20 0.000 0.000
2016-08-25 0.000 0.000
2016-04-19 0.000 0.000
2016-02-17 0.000 0.000
2015-09-09 0.039 0.577
2015-04-14 0.025 0.341
2014-10-22 0.032 0.603
2014-09-03 0.032 0.655
2014-05-29 0.031 0.925
2013-10-28 0.027 0.898
2013-09-23 0.027 0.910
2013-02-06 0.032 1.388

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

  • Chengdu Hongqi ChainLtd has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Chengdu Hongqi ChainLtd only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Chengdu Hongqi ChainLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
X
Income/ dividend checks
We assess Chengdu Hongqi ChainLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - 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 Chengdu Hongqi ChainLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chengdu Hongqi ChainLtd has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

002697 Management

 What is the CEO of Chengdu Hongqi ChainLtd'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
Shiru Cao
COMPENSATION CN¥237,600
AGE 67
TENURE AS CEO 9.9 years
CEO Bio

Ms. Shiru Cao has been the Chairman and General Manager at Chengdu Hongqi Chain Co.,Ltd. (a/k/a, Chengdu Hongqi Chain Store Co., Ltd) since May 20, 2010.

CEO Compensation
  • Shiru's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Shiru's remuneration is lower than average for companies of similar size in China.
Management Team Tenure

Average tenure and age of the Chengdu Hongqi ChainLtd management team in years:

9.9
Average Tenure
50
Average Age
  • The average tenure for the Chengdu Hongqi ChainLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shiru Cao

TITLE
Chairman & GM
COMPENSATION
CN¥238K
AGE
67
TENURE
9.9 yrs

Zeng Jun Cao

TITLE
Vice Chairman
COMPENSATION
CN¥178K
AGE
40
TENURE
9.9 yrs

Hui Jun Chen

TITLE
Chief Financial Officer
COMPENSATION
CN¥86K
AGE
56

Ying Zhang

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥95K
AGE
47
TENURE
9.9 yrs

Jian Xiong

TITLE
Deputy General Manager
COMPENSATION
CN¥95K

Yuan Bin Yang

TITLE
Deputy General Manager
COMPENSATION
CN¥95K
AGE
43
TENURE
9.8 yrs

Cheng Deng

TITLE
Deputy General Manager and Head of Internal Audit
COMPENSATION
CN¥95K
AGE
61

Fan Hong

TITLE
Deputy General Manager
COMPENSATION
CN¥95K
AGE
48

Ning Wang

TITLE
Deputy General Manager
AGE
56

Lei Tan

TITLE
Deputy General Manager
COMPENSATION
CN¥95K
AGE
50
Board of Directors Tenure

Average tenure and age of the Chengdu Hongqi ChainLtd board of directors in years:

3.9
Average Tenure
47
Average Age
  • The tenure for the Chengdu Hongqi ChainLtd board of directors is about average.
Board of Directors

Zeng Jun Cao

TITLE
Vice Chairman
COMPENSATION
CN¥178K
AGE
40
TENURE
9.9 yrs

Hui Jun Chen

TITLE
Chief Financial Officer
COMPENSATION
CN¥86K
AGE
56

Ying Zhang

TITLE
Deputy General Manager and Director
COMPENSATION
CN¥95K
AGE
47
TENURE
9.9 yrs

Ying Kai Tang

TITLE
Independent Member of the Board of Directors
AGE
49
TENURE
3.9 yrs

Shiru Cao

TITLE
Chairman & GM
COMPENSATION
CN¥238K
AGE
67
TENURE
9.9 yrs

Lu Dong

TITLE
Independent Member of the Board of Directors
AGE
38
TENURE
3.4 yrs

Chen Liang

TITLE
Non-Independent Director
TENURE
0.8 yrs

Guo Li

TITLE
Non-Independent Director
TENURE
0.8 yrs

Qilin Cao

TITLE
Independent Director
TENURE
0.8 yrs

De Huang

TITLE
Member of the Supervisory Board
AGE
42
TENURE
9.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Chengdu Hongqi ChainLtd'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. Chengdu Hongqi ChainLtd 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.

002697 News

Simply Wall St News

002697 Company Info

Description

Chengdu Hongqi Chain Co.,Ltd. operates a chain of convenience stores in Sichuan Province, China. It operates approximately 2,900 stores. The company also operates a multi-functional convenience service platform. Chengdu Hongqi Chain Co.,Ltd. was founded in 2000 and is based in Chengdu, China.

Details
Name: Chengdu Hongqi Chain Co.,Ltd.
002697
Exchange: SZSE
Founded: 2000
CN¥14,375,200,000
1,360,000,000
Website: http://www.hqls.com.cn
Address: Chengdu Hongqi Chain Co.,Ltd.
No. 7, Dikang Avenue,
West District,
Chengdu,
Sichuan Province, 611731,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002697 Domestic Shares Shenzhen Stock Exchange CN CNY 05. Sep 2012
XSEC 002697 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 05. Sep 2012
Number of employees
Current staff
Staff numbers
15,631
Chengdu Hongqi ChainLtd employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 17:52
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.