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Harbin Gong Da High-Tech Enterprise DevelopmentLtd

SHSE:600701
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600701
SHSE
CN¥1B
Market Cap
  1. Home
  2. CN
  3. Food, Beverage & Tobacco
Company description

Harbin Gong Da High-Tech Enterprise Development Co., Ltd engages in the industrial manufacturing business primarily in Northeast and North China. The last earnings update was 159 days ago. More info.


Add to Portfolio Compare Print
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd has significant price volatility in the past 3 months.
600701 Share Price and Events
7 Day Returns
-17.8%
SHSE:600701
6.8%
CN Food
-0.1%
CN Market
1 Year Returns
-49.8%
SHSE:600701
16.2%
CN Food
-9.2%
CN Market
600701 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Harbin Gong Da High-Tech Enterprise DevelopmentLtd (600701) -17.8% -23.2% -27.6% -49.8% -91.4% -
CN Food 6.8% 5.4% 13% 16.2% 50.8% 50.9%
CN Market -0.1% -9.8% -6.1% -9.2% -16.2% -26.5%
1 Year Return vs Industry and Market
  • 600701 underperformed the Food industry which returned 16.2% over the past year.
  • 600701 underperformed the Market in China which returned -9.2% over the past year.
Price Volatility
600701
Industry
5yr Volatility vs Market

600701 Value

 Is Harbin Gong Da High-Tech Enterprise DevelopmentLtd 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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd 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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd.

SHSE:600701 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.7%
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 SHSE:600701
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.566 (1 + (1- 25%) (167.28%))
1.186
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.186 * 6.33%)
10.71%

Discounted Cash Flow Calculation for SHSE:600701 using 2 Stage Free Cash Flow to Equity Model

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

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SHSE:600701 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.71%)
2020 569.02 Est @ 74.05% 514.00
2021 869.45 Est @ 52.8% 709.42
2022 1,199.12 Est @ 37.92% 883.80
2023 1,528.90 Est @ 27.5% 1,017.89
2024 1,837.91 Est @ 20.21% 1,105.29
2025 2,115.59 Est @ 15.11% 1,149.24
2026 2,359.63 Est @ 11.54% 1,157.86
2027 2,572.82 Est @ 9.03% 1,140.39
2028 2,760.24 Est @ 7.28% 1,105.14
2029 2,927.49 Est @ 6.06% 1,058.76
Present value of next 10 years cash flows CN¥9,841.00
SHSE:600701 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,927.49 × (1 + 3.2%) ÷ (10.71% – 3.2%)
CN¥40,251.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥40,251.87 ÷ (1 + 10.71%)10
CN¥14,557.54
SHSE:600701 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥9,841.00 + CN¥14,557.54
CN¥24,398.54
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥24,398.54 / 1,034.74
CN¥23.58
SHSE:600701 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥23.58
Current discount Discount to share price of CN¥1.39
= -1 x (CN¥1.39 - CN¥23.58) / CN¥23.58
94.1%

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

Current Discount
Amount off the current price Harbin Gong Da High-Tech Enterprise DevelopmentLtd is available for.
Intrinsic value
>50%
Share price is CN¥1.39 vs Future cash flow value of CN¥23.58
Current Discount Checks
For Harbin Gong Da High-Tech Enterprise DevelopmentLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Harbin Gong Da High-Tech Enterprise DevelopmentLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Harbin Gong Da High-Tech Enterprise DevelopmentLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:600701 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥-4.31
SHSE:600701 Share Price ** SHSE (2020-04-03) in CNY CN¥1.39
China Food Industry PE Ratio Median Figure of 112 Publicly-Listed Food Companies 41.54x
China Market PE Ratio Median Figure of 3,196 Publicly-Listed Companies 32.32x

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

** Primary Listing of Harbin Gong Da High-Tech Enterprise DevelopmentLtd.

SHSE:600701 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600701 Share Price ÷ EPS (both in CNY)

= 1.39 ÷ -4.31

-0.32x

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

  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd is loss making, we can't compare its value to the CN Food industry average.
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd is loss making, we can't compare the value of its earnings to the China market.
Price based on expected Growth
Does Harbin Gong Da High-Tech Enterprise DevelopmentLtd's expected growth come at a high price?
Raw Data
SHSE:600701 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Food Industry PEG Ratio Median Figure of 60 Publicly-Listed Food Companies 1.49x
China Market PEG Ratio Median Figure of 1,275 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Harbin Gong Da High-Tech Enterprise DevelopmentLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Harbin Gong Da High-Tech Enterprise DevelopmentLtd's assets?
Raw Data
SHSE:600701 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥-0.52
SHSE:600701 Share Price * SHSE (2020-04-03) in CNY CN¥1.39
China Food Industry PB Ratio Median Figure of 129 Publicly-Listed Food Companies 3.1x
China Market PB Ratio Median Figure of 3,691 Publicly-Listed Companies 2.26x
SHSE:600701 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600701 Share Price ÷ Book Value per Share (both in CNY)

= 1.39 ÷ -0.52

-2.67x

* Primary Listing of Harbin Gong Da High-Tech Enterprise DevelopmentLtd.

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

  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd has negative assets, we can't compare the value of its assets to the CN Food industry average.
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Value checks
We assess Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Harbin Gong Da High-Tech Enterprise DevelopmentLtd 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.

600701 Future Performance

 How is Harbin Gong Da High-Tech Enterprise DevelopmentLtd expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Harbin Gong Da High-Tech Enterprise DevelopmentLtd has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
22.7%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Harbin Gong Da High-Tech Enterprise DevelopmentLtd expected to grow at an attractive rate?
  • Unable to compare Harbin Gong Da High-Tech Enterprise DevelopmentLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Harbin Gong Da High-Tech Enterprise DevelopmentLtd's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Harbin Gong Da High-Tech Enterprise DevelopmentLtd's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SHSE:600701 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Food Industry Earnings Growth Rate Market Cap Weighted Average 22.7%
China Food Industry Revenue Growth Rate Market Cap Weighted Average 16.7%
China Market Earnings Growth Rate Market Cap Weighted Average 20.9%
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
SHSE:600701 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SHSE:600701 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 -125 295 -4,456
2019-06-30 -100 145 -4,446
2019-03-31 -50 46 -4,441
2018-12-31 332 -37 -4,342
2018-09-30 1,645 -430 -478
2018-06-30 2,456 -718 -250
2018-03-31 3,187 -685 32
2017-12-31 3,350 -938 127
2017-09-30 3,549 -709 220
2017-06-30 2,922 -372 134
2017-03-31 2,195 -337 75
2016-12-31 1,651 -75 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Harbin Gong Da High-Tech Enterprise DevelopmentLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Harbin Gong Da High-Tech Enterprise DevelopmentLtd is high growth as no revenue estimate data is available.
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
SHSE:600701 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Harbin Gong Da High-Tech Enterprise DevelopmentLtd Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600701 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 -4.31
2019-06-30 -4.29
2019-03-31 -4.30
2018-12-31 -4.20
2018-09-30 -0.46
2018-06-30 -0.24
2018-03-31 0.03
2017-12-31 0.12
2017-09-30 0.21
2017-06-30 0.15
2017-03-31 0.10
2016-12-31 0.02

*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.
  • Unable to establish if Harbin Gong Da High-Tech Enterprise DevelopmentLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 600701’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Harbin Gong Da High-Tech Enterprise DevelopmentLtd's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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.
Harbin Gong Da High-Tech Enterprise DevelopmentLtd has a total score of 0/6, 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.

600701 Past Performance

  How has Harbin Gong Da High-Tech Enterprise DevelopmentLtd 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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd's growth in the last year to its industry (Food).
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.
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Harbin Gong Da High-Tech Enterprise DevelopmentLtd's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Harbin Gong Da High-Tech Enterprise DevelopmentLtd's 1-year growth to the CN Food industry average as it is not currently profitable.
Earnings and Revenue History
Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600701 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -125.43 -4,455.82 1,227.04 1.74
2019-06-30 -100.45 -4,446.05 1,237.61 3.33
2019-03-31 -49.66 -4,440.96 1,288.97 0.00
2018-12-31 332.10 -4,342.09 1,297.85 45.29
2018-09-30 1,644.66 -477.76 556.44 62.82
2018-06-30 2,455.55 -250.18 493.16 117.03
2018-03-31 3,186.66 32.39 507.71 120.36
2017-12-31 3,349.85 127.23 518.17 75.08
2017-09-30 3,549.22 219.58 377.55 55.80
2017-06-30 2,921.93 133.93 439.48
2017-03-31 2,195.38 74.89 397.80
2016-12-31 1,651.11 13.79 360.27
2016-09-30 1,150.32 34.55 349.59
2016-06-30 959.02 36.09 297.03
2016-03-31 880.91 4.01 244.07
2015-12-31 839.79 -18.36 222.26
2015-09-30 746.91 -30.45 227.98
2015-06-30 757.62 -22.97 227.55
2015-03-31 790.68 -27.76 224.54
2014-12-31 797.76 -14.68 213.34
2014-09-30 903.32 -15.45 225.66
2014-06-30 861.54 -9.31 207.56
2014-03-31 817.73 6.33 195.93
2013-12-31 835.80 12.42 192.26
2013-09-30 721.77 8.95 132.27
2013-06-30 797.68 13.98 140.50

*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.
  • It is difficult to establish if Harbin Gong Da High-Tech Enterprise DevelopmentLtd has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Harbin Gong Da High-Tech Enterprise DevelopmentLtd has efficiently used its assets last year compared to the CN Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Harbin Gong Da High-Tech Enterprise DevelopmentLtd improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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 Food 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.
Harbin Gong Da High-Tech Enterprise DevelopmentLtd has a total score of 0/6, 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.

600701 Health

 How is Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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.
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd Company Filings, last reported 6 months ago.

SHSE:600701 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -502.40 2,405.99 277.17
2019-06-30 -332.53 3,680.87 160.93
2019-03-31 -121.06 2,456.60 189.62
2018-12-31 22.79 3,702.83 119.50
2018-09-30 3,998.80 2,606.10 125.52
2018-06-30 4,114.20 3,519.35 107.17
2018-03-31 4,327.99 2,603.10 216.02
2017-12-31 4,355.03 2,620.90 257.43
2017-09-30 4,607.12 3,130.90 1,200.76
2017-06-30 4,585.95 1,713.00 419.79
2017-03-31 4,526.19 1,483.30 418.90
2016-12-31 4,378.05 1,231.60 459.60
2016-09-30 1,172.26 1,177.90 164.53
2016-06-30 1,125.66 789.50 86.65
2016-03-31 1,119.57 794.50 68.64
2015-12-31 1,122.97 810.50 105.69
2015-09-30 1,107.39 828.00 161.57
2015-06-30 1,118.75 845.50 152.02
2015-03-31 1,126.91 868.00 158.34
2014-12-31 1,148.39 1,020.50 196.52
2014-09-30 1,133.43 1,043.59 315.02
2014-06-30 1,140.52 1,056.09 349.85
2014-03-31 1,153.01 1,108.59 350.12
2013-12-31 924.35 721.92 244.18
2013-09-30 915.01 765.32 396.67
2013-06-30 917.51 265.32 102.58
  • Harbin Gong Da High-Tech Enterprise DevelopmentLtd has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Harbin Gong Da High-Tech Enterprise DevelopmentLtd's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Harbin Gong Da High-Tech Enterprise DevelopmentLtd has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Harbin Gong Da High-Tech Enterprise DevelopmentLtd has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.9% per year.
X
Financial health checks
We assess Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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. Harbin Gong Da High-Tech Enterprise DevelopmentLtd has a total score of 2/6, 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.

600701 Dividends

 What is Harbin Gong Da High-Tech Enterprise DevelopmentLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Harbin Gong Da High-Tech Enterprise DevelopmentLtd dividends.
If you bought CN¥2,000 of Harbin Gong Da High-Tech Enterprise DevelopmentLtd shares you are expected to receive CN¥0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Harbin Gong Da High-Tech Enterprise DevelopmentLtd's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Harbin Gong Da High-Tech Enterprise DevelopmentLtd's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:600701 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 0 Analyst Estimates (S&P Global) See Below
China Food Industry Average Dividend Yield Market Cap Weighted Average of 82 Stocks 1.4%
China Market Average Dividend Yield Market Cap Weighted Average of 2585 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.5%
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.

SHSE:600701 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-10-29 0.000 0.000
2018-08-29 0.000 0.000
2018-08-17 0.000 0.000
2017-09-28 0.023 0.228
2015-10-29 0.000 0.000
2015-08-27 0.000 0.000
2015-05-13 0.000 0.000
2014-08-20 0.008 0.133
2013-08-15 0.015 0.340

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

  • Unable to perform a dividend volatility check as Harbin Gong Da High-Tech Enterprise DevelopmentLtd has not reported any payouts.
  • Unable to verify if Harbin Gong Da High-Tech Enterprise DevelopmentLtd's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Harbin Gong Da High-Tech Enterprise DevelopmentLtd's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Harbin Gong Da High-Tech Enterprise DevelopmentLtd has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Harbin Gong Da High-Tech Enterprise DevelopmentLtd has a total score of 0/6, see the detailed checks below.


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

600701 Management

 What is the CEO of Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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
Hui Yun Ren
COMPENSATION CN¥75,000
TENURE AS CEO 1.5 years
CEO Bio

Huiyun Ren has been General Manager of Harbin Gong Da High-Tech Enterprise Development Co.,Ltd. since October 15, 2018 and was its Director.

CEO Compensation
  • Hui Yun's compensation has increased whilst company is loss making.
  • Hui Yun's remuneration is lower than average for companies of similar size in China.
Management Team

Hui Yun Ren

TITLE
General Manager
COMPENSATION
CN¥75K
TENURE
1.5 yrs

Li Ming Tian

TITLE
Financial Controller
COMPENSATION
CN¥78K
AGE
54

Hong Rui Su

TITLE
Deputy General Manager
COMPENSATION
CN¥360K
AGE
35

Xiuping Mi

TITLE
Deputy GM & Secretary to Directorate
COMPENSATION
CN¥120K
TENURE
1.5 yrs

Ligui Hu

TITLE
Head Accountant

Wen Ting Li

TITLE
Head Accountant and Director
COMPENSATION
CN¥100K
AGE
68

De Qiang Zhao

TITLE
Deputy General Manager and Director
AGE
54

De Lin Wang

TITLE
Executive Deputy General Manager
AGE
61

Xiao Ming Chen

TITLE
General manager
COMPENSATION
CN¥128K
AGE
67
Board of Directors

Ming Xiu Wang

TITLE
Chairman of the Board
AGE
62

Wen Ting Li

TITLE
Head Accountant and Director
COMPENSATION
CN¥100K
AGE
68

De Qiang Zhao

TITLE
Deputy General Manager and Director
AGE
54

Kexiu Zhang

TITLE
Head of The Supervisory Board
AGE
77

Yuejin Yan

TITLE
Independent Director
COMPENSATION
CN¥20K
TENURE
3.3 yrs

Jing Zhang

TITLE
Director
AGE
72

Cheng Dong Li

TITLE
Independent Director
AGE
86

Fang Liu

TITLE
Director
COMPENSATION
CN¥100K
AGE
69

De Nian Ba

TITLE
Independent Director
AGE
81

Haifan Peng

TITLE
Director
AGE
42
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 Harbin Gong Da High-Tech Enterprise DevelopmentLtd'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. Harbin Gong Da High-Tech Enterprise DevelopmentLtd 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.

600701 News

Simply Wall St News

600701 Company Info

Description

Harbin Gong Da High-Tech Enterprise Development Co., Ltd engages in the industrial manufacturing business primarily in Northeast and North China. It is involved in the processing of agricultural products and dairy products, as well as provides commerce and information services. The company’s products include soybean deep processing and milk products. It also provides leasing, catering, and other services. The company is based in Harbin, China.

Details
Name: Harbin Gong Da High-Tech Enterprise Development Co.,Ltd.
600701
Exchange: SHSE
Founded:
CN¥1,438,281,953
1,034,735,218
Website: http://
Address: Harbin Gong Da High-Tech Enterprise Development Co.,Ltd.
No. 118 Xidazhi Street,
Nan Gang District,
Harbin,
Heilongjiang Province, 150006,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600701 Domestic Shares Shanghai Stock Exchange CN CNY 07. Aug 1996
Number of employees
Current staff
Staff numbers
1,783
Harbin Gong Da High-Tech Enterprise DevelopmentLtd employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 20:41
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2019/10/28
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.