Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Sichuan Haite High-tech

XSEC:002023
Snowflake Description

Moderate growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
002023
XSEC
CN¥12B
Market Cap
  1. Home
  2. CN
  3. Transportation
Company description

Sichuan Haite High-tech Co., Ltd. provides aircraft airborne equipment maintenance services in China. The last earnings update was 10 days ago. More info.


Add to Portfolio Compare Print
  • Sichuan Haite High-tech has significant price volatility in the past 3 months.
002023 Share Price and Events
7 Day Returns
6.7%
XSEC:002023
2.4%
CN Infrastructure
4.3%
CN Market
1 Year Returns
28.4%
XSEC:002023
-26.3%
CN Infrastructure
-7%
CN Market
002023 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sichuan Haite High-tech (002023) 6.7% -10.5% 29.6% 28.4% 12.2% -
CN Infrastructure 2.4% -6.3% -16.9% -26.3% -30.7% -39.8%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 002023 outperformed the Infrastructure industry which returned -26.3% over the past year.
  • 002023 outperformed the Market in China which returned -7% over the past year.
Price Volatility
002023
Industry
5yr Volatility vs Market

002023 Value

 Is Sichuan Haite High-tech 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 Sichuan Haite High-tech 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 Sichuan Haite High-tech.

XSEC:002023 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¥ 0.035
Payout Ratio Company Filings (2019-12-31) 16117.3%
Discount Rate (Cost of Equity) See below 12.9%
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 XSEC:002023
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 25%) (18.2%))
1.526
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (1.526 * 6.33%)
12.86%

Discounted Cash Flow Calculation for XSEC:002023 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Sichuan Haite High-tech 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.

XSEC:002023 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.04 / (12.86% - 3.2%)
CN¥0.26
XSEC:002023 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XSEC:002023 represents 0.9901x of SZSE:002023
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9901x
Value per Share
(Listing Adjusted, CNY)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 0.26 x 0.9901
CN¥0.26
Value per share (CNY) From above. CN¥0.26
Current discount Discount to share price of CN¥16.00
= -1 x (CN¥16.00 - CN¥0.26) / CN¥0.26
-6080.9%

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

  • The current share price of Sichuan Haite High-tech 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 Sichuan Haite High-tech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sichuan Haite High-tech's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XSEC:002023 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.10
SZSE:002023 Share Price ** SZSE (2020-04-08) in CNY CN¥16.16
China Infrastructure Industry PE Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 14.1x
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 Sichuan Haite High-tech.

XSEC:002023 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SZSE:002023 Share Price ÷ EPS (both in CNY)

= 16.16 ÷ 0.10

161.6x

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

  • Sichuan Haite High-tech is overvalued based on earnings compared to the CN Infrastructure industry average.
  • Sichuan Haite High-tech is overvalued based on earnings compared to the China market.
Price based on expected Growth
Does Sichuan Haite High-tech's expected growth come at a high price?
Raw Data
XSEC:002023 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 161.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
16.1%per year
China Infrastructure Industry PEG Ratio Median Figure of 14 Publicly-Listed Infrastructure Companies 1.29x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

XSEC:002023 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 161.6x ÷ 16.1%

10.06x

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

  • Sichuan Haite High-tech is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sichuan Haite High-tech's assets?
Raw Data
XSEC:002023 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥4.71
SZSE:002023 Share Price * SZSE (2020-04-08) in CNY CN¥16.16
China Infrastructure Industry PB Ratio Median Figure of 39 Publicly-Listed Infrastructure Companies 0.95x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
XSEC:002023 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SZSE:002023 Share Price ÷ Book Value per Share (both in CNY)

= 16.16 ÷ 4.71

3.43x

* Primary Listing of Sichuan Haite High-tech.

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

  • Sichuan Haite High-tech is overvalued based on assets compared to the CN Infrastructure industry average.
X
Value checks
We assess Sichuan Haite High-tech'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Sichuan Haite High-tech has a total score of 0/6, 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.

002023 Future Performance

 How is Sichuan Haite High-tech expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
16.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sichuan Haite High-tech expected to grow at an attractive rate?
  • Sichuan Haite High-tech's earnings growth is expected to exceed the low risk savings rate of 3.2%.
Growth vs Market Checks
  • Sichuan Haite High-tech's earnings growth is positive but not above the China market average.
  • Sichuan Haite High-tech's revenue growth is expected to exceed the China market average.
Annual Growth Rates Comparison
Raw Data
XSEC:002023 Future Growth Rates Data Sources
Data Point Source Value (per year)
XSEC:002023 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 16.1%
XSEC:002023 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 24.2%
China Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
China Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
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
XSEC:002023 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XSEC:002023 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,323 626 106 1
2020-12-31 1,086 396 86 1
2020-04-09
XSEC:002023 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 808 310 76
2019-09-30 720 214 65
2019-06-30 654 221 78
2019-03-31 562 199 68
2018-12-31 516 207 64
2018-09-30 475 177 39
2018-06-30 427 131 43
2018-03-31 427 95 59
2017-12-31 426 34 34
2017-09-30 497 77 41
2017-06-30 465 77 14
2017-03-31 484 33 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sichuan Haite High-tech's earnings are expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
  • Sichuan Haite High-tech's revenue is expected to grow significantly at over 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
XSEC:002023 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 1 Analyst Estimates (S&P Global) See Below

All data from Sichuan Haite High-tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002023 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.14 0.14 0.14 1.00
2020-12-31 0.11 0.11 0.11 1.00
2020-04-09
XSEC:002023 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.10
2019-09-30 0.08
2019-06-30 0.10
2019-03-31 0.08
2018-12-31 0.08
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.09
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.02
2017-03-31 0.04

*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.
  • Sichuan Haite High-tech is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sichuan Haite High-tech'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.
Sichuan Haite High-tech has a total score of 3/6, 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.

002023 Past Performance

  How has Sichuan Haite High-tech 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 Sichuan Haite High-tech's growth in the last year to its industry (Infrastructure).
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.
  • Sichuan Haite High-tech's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sichuan Haite High-tech's 1-year earnings growth exceeds its 5-year average (19.1% vs -16.3%)
  • Sichuan Haite High-tech's earnings growth has exceeded the CN Infrastructure industry average in the past year (19.1% vs 13%).
Earnings and Revenue History
Sichuan Haite High-tech'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 Sichuan Haite High-tech Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XSEC:002023 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 807.88 76.31 221.47 42.15
2019-09-30 719.57 65.36 227.60 39.15
2019-06-30 653.71 78.47 209.53 37.55
2019-03-31 562.02 67.56 194.12 35.01
2018-12-31 515.62 64.05 212.97 33.39
2018-09-30 474.93 38.88 211.21 31.72
2018-06-30 426.85 43.21 217.27 44.57
2018-03-31 427.05 59.36 201.27 32.95
2017-12-31 426.08 34.37 190.41 26.30
2017-09-30 497.19 41.33 180.07 20.65
2017-06-30 465.31 13.64 177.00
2017-03-31 483.54 31.27 183.57
2016-12-31 494.75 40.77 181.48
2016-09-30 406.62 37.36 178.34
2016-06-30 452.62 43.53 171.26
2016-03-31 428.16 34.72 174.07
2015-12-31 428.53 39.65 167.76
2015-09-30 471.27 94.29 149.99
2015-06-30 492.52 132.95 147.24
2015-03-31 506.75 154.48 137.90
2014-12-31 501.80 157.97 132.48
2014-09-30 492.18 158.54 127.02
2014-06-30 460.93 147.83 120.77
2014-03-31 464.17 135.50 113.29
2013-12-31 431.39 127.07 105.60
2013-09-30 394.96 108.79 94.83
2013-06-30 358.73 98.84 89.96

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

002023 Health

 How is Sichuan Haite High-tech'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 Sichuan Haite High-tech's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sichuan Haite High-tech is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sichuan Haite High-tech's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sichuan Haite High-tech'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 not covered by short term assets, assets are 0.8x 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 Sichuan Haite High-tech Company Filings, last reported 3 months ago.

XSEC:002023 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,003.10 2,225.75 719.19
2019-09-30 3,992.43 2,311.55 652.84
2019-06-30 3,990.16 2,346.53 687.99
2019-03-31 3,963.04 1,971.79 938.41
2018-12-31 3,933.84 1,596.19 802.37
2018-09-30 3,952.02 1,681.44 716.03
2018-06-30 3,929.45 1,851.15 1,080.51
2018-03-31 3,967.89 1,865.04 1,129.67
2017-12-31 3,967.24 1,637.80 986.69
2017-09-30 4,004.48 1,700.56 855.64
2017-06-30 4,080.78 1,550.48 1,295.06
2017-03-31 4,184.95 1,231.81 1,026.61
2016-12-31 4,133.96 1,227.64 1,355.46
2016-09-30 4,140.73 1,417.07 1,611.39
2016-06-30 3,755.81 1,287.68 1,239.28
2016-03-31 3,728.08 621.06 845.98
2015-12-31 3,747.72 622.87 1,003.32
2015-09-30 3,760.06 1,546.05 2,053.16
2015-06-30 2,182.81 1,518.56 591.14
2015-03-31 1,742.28 1,044.47 496.49
2014-12-31 1,721.29 1,087.22 651.60
2014-09-30 1,678.85 670.85 404.49
2014-06-30 1,644.76 649.01 503.04
2014-03-31 1,638.55 572.68 624.68
2013-12-31 1,609.72 603.15 628.42
2013-09-30 1,557.79 661.84 666.71
2013-06-30 1,483.30 595.34 618.16
  • Sichuan Haite High-tech's level of debt (55.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.1% vs 55.6% today).
  • Debt is not well covered by operating cash flow (13.9%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sichuan Haite High-tech'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. Sichuan Haite High-tech 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.

002023 Dividends

 What is Sichuan Haite High-tech'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
0.19%
Current annual income from Sichuan Haite High-tech dividends. Estimated to be 0.22% next year.
If you bought CN¥2,000 of Sichuan Haite High-tech shares you are expected to receive CN¥4 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?
  • Sichuan Haite High-tech's pays a lower dividend yield than the bottom 25% of dividend payers in China (0.44%).
  • Sichuan Haite High-tech'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
XSEC:002023 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 1 Analyst Estimates (S&P Global) See Below
China Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 2.4%
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.

XSEC:002023 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 1.00
2020-12-31 0.03 1.00
2020-04-09
XSEC:002023 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-31 0.030 0.200
2018-10-25 0.000 0.000
2018-08-27 0.000 0.000
2018-07-30 0.000 0.000
2018-04-24 0.000 0.000
2018-04-23 0.000 0.000
2017-05-24 0.100 0.981
2016-10-24 0.000 0.000
2016-08-08 0.000 0.000
2016-07-28 0.000 0.000
2016-04-11 0.000 0.000
2016-03-28 0.000 0.000
2015-04-29 0.050 0.281
2014-05-21 0.050 0.435
2013-03-26 0.050 0.700
2012-05-31 0.075 1.655
2010-10-25 0.000 0.000
2010-08-10 0.000 0.000
2010-04-29 0.000 0.000
2010-03-24 0.000 0.000

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

  • Sichuan Haite High-tech is not paying a notable dividend for China, therefore no need to check if the payments are stable.
  • Sichuan Haite High-tech is not paying a notable dividend for China, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Sichuan Haite High-tech's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Sichuan Haite High-tech's dividends as it is not paying a notable one for China.
Future Payout to shareholders
  • No need to calculate the sustainability of Sichuan Haite High-tech's dividends in 3 years as they are not expected to pay a notable one for China.
X
Income/ dividend checks
We assess Sichuan Haite High-tech'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 Sichuan Haite High-tech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sichuan Haite High-tech 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.

002023 Management

 What is the CEO of Sichuan Haite High-tech'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
Zaichu Li
CEO Bio

Mr. Zaichu Li Founded Sichuan HAITE High-tech Co., Ltd. and serves as its President. Mr. Li has been awarded with special contribution award of ¡°Advanced Individual of Mechanics¡± and the advanced individual of ¡°Trying to be excellent mechanics of 21st century¡± by the General Administration of Civil Aviation of China.

CEO Compensation
  • Insufficient data for Zaichu to compare compensation growth.
  • Insufficient data for Zaichu to establish whether their remuneration is reasonable compared to companies of similar size in China.
Management Team

Dehua Zheng

TITLE
Secretary of the Board & Non-Employee Representative Supervisors
COMPENSATION
CN¥403K

Zaichu Li

TITLE
President and Founder
Board of Directors Tenure

Average tenure of the Sichuan Haite High-tech board of directors in years:

0.8
Average Tenure
  • The average tenure for the Sichuan Haite High-tech board of directors is less than 3 years, this suggests a new board.
Board of Directors

Biao Li

TITLE
Chairman
COMPENSATION
CN¥415K

Dehua Zheng

TITLE
Secretary of the Board & Non-Employee Representative Supervisors
COMPENSATION
CN¥403K
TENURE
0.8 yrs

Tao Wan

TITLE
Non-Independent Director
COMPENSATION
CN¥273K
TENURE
0.8 yrs

Hao Xin

TITLE
Non-Independent Director
TENURE
0.8 yrs

Quanfang Guo

TITLE
Independent Director
TENURE
0.8 yrs

Tingfu Wang

TITLE
Independent Director
TENURE
0.8 yrs

Yanting Wei

TITLE
Non-Independent Director
TENURE
0.8 yrs

Shaobing Peng

TITLE
Independent Director
TENURE
0.8 yrs

Hongying Yang

TITLE
Non-Independent Director
TENURE
0.8 yrs

Jiangshi Li

TITLE
Non-Independent Director
TENURE
0.8 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 Sichuan Haite High-tech'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. Sichuan Haite High-tech 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.

002023 News

Simply Wall St News

002023 Company Info

Description

Sichuan Haite High-tech Co., Ltd. provides aircraft airborne equipment maintenance services in China. It is also involved in aviation technology research and development, aviation product manufacturing, aviation training, aviation material maintenance, and leasing activities. The company was founded in 1991 is based in Chengdu, the People’s Republic of China.

Details
Name: Sichuan Haite High-tech Co., Ltd.
002023
Exchange: XSEC
Founded: 1991
CN¥12,229,742,608
756,791,003
Website: http://www.schtgx.com
Address: Sichuan Haite High-tech Co., Ltd.
No.1, Keyuan South Road,
High-tech Zone,
Chengdu,
Sichuan Province, 610000,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SZSE 002023 Domestic Shares Shenzhen Stock Exchange CN CNY 26. Jan 2005
XSEC 002023 Domestic Shares Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect CN CNY 26. Jan 2005
Number of employees
Current staff
Staff numbers
1,240
Sichuan Haite High-tech employees.
Industry
Airport Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 19:47
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/05
Last earnings filing: 2020/03/30
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.