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.

China Huirong Financial Holdings

DB:2HF
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2HF
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

China Huirong Financial Holdings Limited, an investment holding company, financing and wealth management services to small and medium sized enterprises, and individuals in the People’s Republic of China. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
2HF Share Price and Events
7 Day Returns
-1.9%
DB:2HF
6%
Europe Consumer Finance
7.3%
DE Market
1 Year Returns
-13.1%
DB:2HF
-48.3%
Europe Consumer Finance
-17.7%
DE Market
2HF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Huirong Financial Holdings (2HF) -1.9% -13.8% -10.9% -13.1% 3.9% -27.4%
Europe Consumer Finance 6% -34.5% -40.3% -48.3% -64.4% -63.3%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • 2HF outperformed the Consumer Finance industry which returned -48.3% over the past year.
  • 2HF outperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
2HF
Industry
5yr Volatility vs Market

2HF Value

 Is China Huirong Financial Holdings 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 China Huirong Financial Holdings 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 China Huirong Financial Holdings.

DB:2HF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥1.58 * 3.7%
CN¥0.06
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥1.58
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:2HF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 25%) (95.07%))
1.002
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.002 * 6.33%)
5.95%

Discounted Cash Flow Calculation for DB:2HF using Excess Returns Model Model

The calculations below outline how an intrinsic value for China Huirong Financial Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:2HF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.7% – 5.95%) * CN¥1.58)
CN¥-0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥-0.04 / (5.95% - -0.39%)
CN¥-0.57
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥1.58 + CN¥-0.57
CN¥1.01
DB:2HF Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1290)
1.092
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.01 x 1.092
HK$1.11
Non-primary Listing Adjustment Factor 1 share in DB:2HF represents 0.1x of SEHK:1290
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 1.11 x 0.1
€0.11
Value per share (EUR) From above. €0.11
Current discount Discount to share price of €0.11
= -1 x (€0.11 - €0.11) / €0.11
4.2%

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

Current Discount
Amount off the current price China Huirong Financial Holdings is available for.
Intrinsic value
4%
Share price is €0.106 vs Future cash flow value of €0.11064
Current Discount Checks
For China Huirong Financial Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Huirong Financial Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • China Huirong Financial Holdings's share price is below the future cash flow value, but not 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 China Huirong Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Huirong Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2HF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.05
SEHK:1290 Share Price ** SEHK (2020-03-30) in HKD HK$1.06
SEHK:1290 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.97
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.55x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

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

** Primary Listing of China Huirong Financial Holdings.

DB:2HF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1290 Share Price ÷ EPS (both in CNY)

= 0.97 ÷ 0.05

20.91x

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

  • China Huirong Financial Holdings is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • China Huirong Financial Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does China Huirong Financial Holdings's expected growth come at a high price?
Raw Data
DB:2HF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.41x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*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 China Huirong Financial Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Huirong Financial Holdings's assets?
Raw Data
DB:2HF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥1.65
SEHK:1290 Share Price * SEHK (2020-03-30) in HKD HK$1.06
SEHK:1290 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥0.97
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.71x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:2HF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1290 Share Price ÷ Book Value per Share (both in CNY)

= 0.97 ÷ 1.65

0.59x

* Primary Listing of China Huirong Financial Holdings.

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

  • China Huirong Financial Holdings is good value based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess China Huirong Financial Holdings'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 Finance 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 Finance industry average (and greater than 0)? (1 check)
  5. China Huirong Financial Holdings has a total score of 1/6, 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.

2HF Future Performance

 How is China Huirong Financial Holdings 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 China Huirong Financial Holdings 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
13%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Huirong Financial Holdings expected to grow at an attractive rate?
  • Unable to compare China Huirong Financial Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Huirong Financial Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare China Huirong Financial Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2HF Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:2HF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
DB:2HF Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 361 -53 50
2019-09-30 368 -72 59
2019-06-30 375 -92 67
2019-03-31 342 70 64
2018-12-31 308 232 61
2018-09-30 280 326 59
2018-06-30 252 420 56
2018-03-31 266 319 54
2017-12-31 280 219 51
2017-09-30 277 98 54
2017-06-30 273 -24 57
2017-03-31 263 -103 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Huirong Financial Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if China Huirong Financial Holdings 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
DB:2HF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Huirong Financial Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2HF Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.05
2019-09-30 0.05
2019-06-30 0.06
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.06
2017-03-31 0.05

*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 China Huirong Financial Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 2HF’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. China Huirong Financial Holdings'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 Diversified Financials companies here
  3. China Huirong Financial Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China Huirong Financial Holdings'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
China Huirong Financial Holdings 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.

2HF Past Performance

  How has China Huirong Financial Holdings 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 China Huirong Financial Holdings's growth in the last year to its industry (Consumer Finance).
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.
  • China Huirong Financial Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • China Huirong Financial Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • China Huirong Financial Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Finance industry average.
Earnings and Revenue History
China Huirong Financial Holdings'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 China Huirong Financial Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2HF Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 360.75 50.43 62.08
2019-09-30 367.97 58.61 64.44
2019-06-30 375.19 66.80 66.81
2019-03-31 341.54 63.90 67.49
2018-12-31 307.89 61.00 68.17
2018-09-30 280.01 58.65 66.50
2018-06-30 252.14 56.30 64.84
2018-03-31 266.13 53.60 64.60
2017-12-31 280.13 50.90 64.36
2017-09-30 276.58 53.83 63.75
2017-06-30 273.04 56.76 63.14
2017-03-31 262.60 48.42 60.13
2016-12-31 252.15 40.08 57.12
2016-09-30 277.47 44.59 48.84
2016-06-30 302.78 49.11 40.55
2016-03-31 339.58 75.50 40.19
2015-12-31 376.37 101.89 39.83
2015-09-30 386.21 122.99 43.89
2015-06-30 396.05 144.10 47.96
2015-03-31 392.44 154.55 44.39
2014-12-31 388.83 165.00 40.81
2014-09-30 347.24 152.35 36.23
2014-06-30 305.66 139.69 31.65
2014-03-31 271.40 133.21 29.20
2013-12-31 237.13 126.73 26.75
2013-09-30 222.94 116.94 27.35
2013-06-30 208.74 107.15 27.96
2013-03-31 209.00 101.60 32.51

*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.
  • China Huirong Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Huirong Financial Holdings used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • China Huirong Financial Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Huirong Financial Holdings'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 Finance 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.
China Huirong Financial Holdings has a total score of 1/6, 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.

2HF Health

 How is China Huirong Financial Holdings'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 China Huirong Financial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Huirong Financial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Huirong Financial Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Huirong Financial Holdings'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.9x 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 China Huirong Financial Holdings Company Filings, last reported 2 months ago.

DB:2HF Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,948.44 996.23 1,052.09
2019-09-30 1,948.44 996.23 1,052.09
2019-06-30 1,911.75 1,099.49 1,001.85
2019-03-31 1,911.75 1,099.49 1,001.85
2018-12-31 1,897.03 850.08 797.96
2018-09-30 1,897.03 850.08 797.96
2018-06-30 1,854.70 891.40 771.24
2018-03-31 1,854.70 891.40 771.24
2017-12-31 1,853.97 1,150.97 941.65
2017-09-30 1,853.97 1,150.97 941.65
2017-06-30 1,814.31 1,274.17 900.03
2017-03-31 1,814.31 1,274.17 900.03
2016-12-31 1,800.14 1,288.31 963.51
2016-09-30 1,800.14 1,288.31 963.51
2016-06-30 1,755.14 1,119.10 688.86
2016-03-31 1,755.14 1,119.10 688.86
2015-12-31 1,766.82 950.57 670.55
2015-09-30 1,766.82 950.57 670.55
2015-06-30 1,516.00 799.37 660.02
2015-03-31 1,516.00 799.37 660.02
2014-12-31 1,500.11 836.51 855.98
2014-09-30 1,500.11 836.51 855.98
2014-06-30 1,407.73 836.51 742.47
2014-03-31 1,407.73 836.51 742.47
2013-12-31 1,330.34 718.11 816.85
2013-09-30 1,330.34 718.11 816.85
2013-06-30 666.82 270.58 217.72
2013-03-31 666.82 270.58 217.72
  • China Huirong Financial Holdings's level of debt (51.1%) 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 (55.7% vs 51.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess China Huirong Financial Holdings'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. China Huirong Financial Holdings has a total score of 3/6, 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.

2HF Dividends

 What is China Huirong Financial Holdings'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
1.22%
Current annual income from China Huirong Financial Holdings dividends.
If you bought €2,000 of China Huirong Financial Holdings shares you are expected to receive €24 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?
  • China Huirong Financial Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • China Huirong Financial Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Upcoming dividend payment

Purchase China Huirong Financial Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:2HF 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
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 6.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:2HF Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-26 0.012 1.223
2019-05-28 0.011 1.220
2018-05-28 0.011 1.326
2015-06-30 0.044 6.302

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

  • China Huirong Financial Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • China Huirong Financial Holdings has only been paying a dividend for 5 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of China Huirong Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
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 China Huirong Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 China Huirong Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Huirong Financial Holdings has a total score of 1/6, see the detailed checks below.


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

2HF Management

 What is the CEO of China Huirong Financial Holdings'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
Min Wu
COMPENSATION CN¥1,721,000
AGE 50
CEO Bio

Mr. Min Wu serves as the Chief Executive Officer and President at China Huirong Financial Holdings Limited and has been its Chairman since June 1, 2017. Mr. Wu is responsible for the day-to-day operations and strategic development of China Huirong Financial Holdings. Mr. Wu joined China Huirong Financial Holdings Group in January 26, 2011. Mr. Wu serves as the General Manager of the PRC Operating Entity. He possesses approximately 26 years of experience in commercial banking, finance and management. Mr. Wu worked in various positions in the Suzhou branch of the Industrial and Commercial Bank of China from 1985 to 2011. Mr. Wu has been an Executive Director of China Huirong Financial Holdings Ltd. since May 17, 2012. In 2000, Mr. Wu obtained the Intermediate Economist qualification issued by the Ministry of Personnel of the PRC. He graduated from Jiangsu Radio and TV University, majoring in Finance, in 1994; from the Party School of the Central Committee of Communist Party of China Correspondence Institute, majoring in executive management, in 2001 and from the School of Business of Soochow University in 2003, where he completed a Postgraduate course in Finance.

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

Min Wu

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
50

Changsong Zhang

TITLE
CFO, Executive Director & GM of Technology Finance Business Division
COMPENSATION
CN¥2M
AGE
46
TENURE
4.2 yrs

Yu Cao

TITLE
Chief Risk Officer
AGE
44

Ching Ching Leung

TITLE
Company Secretary
AGE
38
TENURE
6.4 yrs
Board of Directors Tenure

Average tenure and age of the China Huirong Financial Holdings board of directors in years:

6.4
Average Tenure
49
Average Age
  • The tenure for the China Huirong Financial Holdings board of directors is about average.
Board of Directors

Min Wu

TITLE
Chairman
COMPENSATION
CN¥2M
AGE
50
TENURE
2.8 yrs

Changsong Zhang

TITLE
CFO, Executive Director & GM of Technology Finance Business Division
COMPENSATION
CN¥2M
AGE
46
TENURE
4.2 yrs

Joe Zhang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥362K
AGE
56
TENURE
6.4 yrs

Ke Feng

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥362K
AGE
45
TENURE
6.4 yrs

Yat Hong Tse

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥362K
AGE
49
TENURE
6.4 yrs

You Zhuo

TITLE
Non-Executive Director
COMPENSATION
CN¥50K
AGE
50
TENURE
7.8 yrs

Cheng Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥50K
AGE
34
TENURE
7.8 yrs

Shu Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥50K
AGE
53
TENURE
4 yrs

Xiaoming Ling

TITLE
Non-Executive Director
AGE
46
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • China Huirong Financial Holdings individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Jan 20 Sell Huaqiao Zhang Individual 17. Jan 20 17. Jan 20 -836,000 €0.12 €-101,875
20. Jan 20 Sell Huaqiao Zhang Individual 15. Jan 20 15. Jan 20 -48,000 €0.12 €-5,980
20. Jan 20 Sell Huaqiao Zhang Individual 16. Jan 20 16. Jan 20 -18,000 €0.12 €-2,247
15. Jan 20 Sell Huaqiao Zhang Individual 14. Jan 20 14. Jan 20 -80,000 €0.13 €-10,044
X
Management checks
We assess China Huirong Financial Holdings'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. China Huirong Financial Holdings 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.

2HF News

Simply Wall St News

2HF Company Info

Description

China Huirong Financial Holdings Limited, an investment holding company, financing and wealth management services to small and medium sized enterprises, and individuals in the People’s Republic of China. It offers short-term loans secured by collateral, such as real estate, equity interests, and personal property; guaranteed loans; and unsecured loans. The company also provides management and marketing consulting; pawnshop; micro-financing and guarantee; factoring; and technology development and consulting services. It operates a pawn sales network of 13 branches. China Huirong Financial Holdings Limited has a strategic cooperation agreement with Suzhou Asset Management Co., Ltd. China Huirong Financial Holdings Limited was founded in 1999 and is headquartered in Suzhou, the People’s Republic of China.

Details
Name: China Huirong Financial Holdings Limited
2HF
Exchange: DB
Founded: 1999
HK$134,782,778
1,087,769,000
Website: http://www.cnhuirong.com
Address: China Huirong Financial Holdings Limited
Cultural and Creative Building,
22nd Floor,
Suzhou,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1290 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 28. Oct 2013
DB 2HF Ordinary Shares Deutsche Boerse AG DE EUR 28. Oct 2013
Number of employees
Current staff
Staff numbers
161
China Huirong Financial Holdings employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:43
End of day share price update: 2020/03/30 00:00
Last earnings filing: 2020/03/26
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.