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China Renaissance Holdings

DB:6RN
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6RN
DB
HK$6B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

China Renaissance Holdings Limited, an investment holding company, engages in investment banking and investment management businesses in Mainland China, Hong Kong, and the United States. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • China Renaissance Holdings has significant price volatility in the past 3 months.
6RN Share Price and Events
7 Day Returns
-0.8%
DB:6RN
12.3%
DE Capital Markets
7.2%
DE Market
1 Year Returns
-44.6%
DB:6RN
-8.8%
DE Capital Markets
-17.5%
DE Market
6RN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Renaissance Holdings (6RN) -0.8% -15.2% -23.4% -44.6% - -
DE Capital Markets 12.3% -26.5% -16.8% -8.8% -29% -56.3%
DE Market 7.2% -22.3% -26.1% -17.5% -25.7% -29.1%
1 Year Return vs Industry and Market
  • 6RN underperformed the Capital Markets industry which returned -8.8% over the past year.
  • 6RN underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

6RN Value

 Is China Renaissance 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
  • It is not possible to calculate the future cash flow value for China Renaissance Holdings. This is due to cash flow or dividend data being unavailable. The share price is €1.28.
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 Renaissance Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Renaissance Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:6RN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.49
SEHK:1911 Share Price ** SEHK (2020-03-27) in HKD HK$11.42
SEHK:1911 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥10.45
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 21.49x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.49x

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

** Primary Listing of China Renaissance Holdings.

DB:6RN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1911 Share Price ÷ EPS (both in CNY)

= 10.45 ÷ 0.49

21.18x

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

  • China Renaissance Holdings is good value based on earnings compared to the DE Capital Markets industry average.
  • China Renaissance Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does China Renaissance Holdings's expected growth come at a high price?
Raw Data
DB:6RN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
38.1%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.49x
Germany Market PEG Ratio Median Figure of 252 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:6RN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.18x ÷ 38.1%

0.56x

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

  • China Renaissance Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Renaissance Holdings's assets?
Raw Data
DB:6RN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥9.53
SEHK:1911 Share Price * SEHK (2020-03-27) in HKD HK$11.42
SEHK:1911 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥10.45
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.61x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.42x
DB:6RN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1911 Share Price ÷ Book Value per Share (both in CNY)

= 10.45 ÷ 9.53

1.1x

* Primary Listing of China Renaissance Holdings.

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

  • China Renaissance Holdings is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess China Renaissance 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. China Renaissance Holdings has a total score of 3/6, 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.

6RN Future Performance

 How is China Renaissance Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Renaissance Holdings expected to grow at an attractive rate?
  • China Renaissance Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • China Renaissance Holdings's earnings growth is expected to exceed the Germany market average.
  • China Renaissance Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:6RN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:6RN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 38.1%
DB:6RN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 21.8%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 41.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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:6RN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:6RN Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,311 556 2
2020-12-31 1,856 414 2
2020-03-29
DB:6RN Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 1,488 247
2019-06-30 1,450 -189 -473
2019-03-31 1,517 -1,642 -1,113
2018-12-31 1,436 -1,658 -1,679
2018-09-30 1,369 -2,127 -1,339
2018-06-30 1,241 -1,062 -965
2018-03-31 944 113 -402
2017-12-31 896 -52 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Renaissance Holdings's earnings are expected to grow significantly at over 20% yearly.
  • China Renaissance Holdings'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
DB:6RN 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 2 Analyst Estimates (S&P Global) See Below

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

DB:6RN Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.91 0.91 0.91 1.00
2020-12-31 0.77 0.77 0.77 1.00
2020-03-29
DB:6RN Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.49
2019-06-30 -1.06
2019-03-31 -2.93
2018-12-31 -5.33
2018-09-30 -4.82
2018-06-30 -4.00
2018-03-31 -1.68
2017-12-31 0.00

*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.
  • China Renaissance Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Renaissance 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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 Renaissance Holdings has a total score of 5/6, 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.

6RN Past Performance

  How has China Renaissance 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 Renaissance Holdings's growth in the last year to its industry (Capital Markets).
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 Renaissance Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • China Renaissance Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • China Renaissance Holdings has become profitable in the last year making it difficult to compare the DE Capital Markets industry average.
Earnings and Revenue History
China Renaissance 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 Renaissance Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:6RN 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 1,488.49 246.78 778.61
2019-06-30 1,450.12 -472.63 909.89
2019-03-31 1,517.20 -1,112.77 987.47
2018-12-31 1,435.51 -1,678.93 1,015.71
2018-09-30 1,368.51 -1,338.84 958.54
2018-06-30 1,240.98 -964.55 894.20
2018-03-31 943.98 -402.09 745.74
2017-12-31 896.23 0.21 706.30
2016-12-31 925.86 221.03 482.75
2015-12-31 780.21 187.27 300.49

*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 Renaissance Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Renaissance Holdings used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if China Renaissance Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess China Renaissance 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 Capital Markets 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 Renaissance Holdings 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.

6RN Health

 How is China Renaissance 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 Renaissance Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Renaissance Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Renaissance Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Renaissance 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 52.4x 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 Renaissance Holdings Company Filings, last reported 2 months ago.

DB:6RN Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,672.15 129.50 4,244.40
2019-06-30 6,523.28 24.99 4,247.25
2019-03-31 6,375.29 24.42 4,150.89
2018-12-31 6,407.24 0.00 2,818.86
2018-09-30 6,399.05 0.00 2,815.25
2018-06-30 526.86 4,542.13 2,457.55
2018-03-31 1,210.87 3,078.15 2,195.15
2017-12-31 1,555.33 2,685.00 3,305.92
2016-12-31 535.03 1,572.10 1,624.65
2015-12-31 320.77 1,232.53 922.95
  • China Renaissance Holdings's level of debt (1.9%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if China Renaissance Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on China Renaissance Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess China Renaissance 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 Renaissance 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.

6RN Dividends

 What is China Renaissance 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
1.43%
Current annual income from China Renaissance Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of China Renaissance Holdings shares you are expected to receive €29 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 Renaissance Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • China Renaissance Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.96%).
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
DB:6RN 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 2 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:6RN Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2020-03-29
DB:6RN Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-25 0.150 1.461

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

  • It is too early to tell whether China Renaissance Holdings has stable dividend payments.
  • China Renaissance Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of China Renaissance Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of China Renaissance Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess China Renaissance Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Renaissance Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Renaissance 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.

6RN Management

 What is the CEO of China Renaissance 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
Fan Bao
COMPENSATION CN¥4,959,000
AGE 49
CEO Bio

Mr. Fan Bao serves as the Chief Executive Officer and Chairman of China Renaissance Partners. Mr. Bao founded China Renaissance Partners in 2004. He serves as Chairman & CEO at China Renaissance Holdings Limited and as Managing Partner at Huaxing New Economic Fund. Since establishing the firm he has led the firm to close approximately $19 billion of public offerings, financing and mergers and acquisitions transactions. He serves as the Chairman and Chief Executive Officer at China Renaissance Securities (Hong Kong) Limited. Mr. Bao serves as Founding Partner at K2VC. He served as the Chief Strategy Officer of AsiaInfo, Inc. (also known as AsiaInfo-Linkage, Inc.) from July 2000 to March 2004 and Senior Vice President of Business Development until September 2003. He was an Investment Banker with Morgan Stanley and Credit Suisse for seven years, where he advised on $70 billion of equity and debt financings, mergers and acquisitions and restructuring transactions worldwide. He serves as the Chairman of Shenzhen Mirun Agricultural Products and Logistics Limited. He serves as an Independent Director of China Real Estate Information Corporation since October 2009. He served on the Board of Directors of Sky-mobi Limited. Previously, he served as an Independent Director of Sky-mobi Limited from February 2011 to February 2013. He served as an Independent and Non-Executive Director of Mobi Development Co. Ltd. from November 25, 2009 to September 10, 2013. He served as an Independent Director of E-House (China) Holdings Limited from April 1, 2012 to March 2014. He served as a Director of Beijing Enlight Media Co., Ltd. until April 11, 2013. He advised numerous international companies on their equity and debt financings, mergers and acquisitions and restructurings. As an Investment Banker, he assisted his clients with over $7 billion capital markets and $60 billion mergers and acquisitions transactions worldwide. He also worked extensively with leading China corporations. He is also an active investor and has sponsored a number of start-ups. Mr. Bao holds a B.S. from Fudan University. Mr. Bao obtained a M.S. degree in Economics from BI Norwegian Business School in 1995.

CEO Compensation
  • Fan's compensation has increased in line with China Renaissance Holdings recently becoming profitable.
  • Fan's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the China Renaissance Holdings management team in years:

0.7
Average Tenure
45
Average Age
  • The average tenure for the China Renaissance Holdings management team is less than 2 years, this suggests a new team.
Management Team

Fan Bao

TITLE
Chairman & CEO
COMPENSATION
CN¥5M
AGE
49

Kevin Xie

TITLE
MD, Head of Healthcare & Life Sciences and Executive Director
COMPENSATION
CN¥740K
AGE
48

Michael Du

TITLE
MD, Executive Director & MD of Huaxing Growth Capital Fund
COMPENSATION
CN¥799K
AGE
48

Qiang Cui

TITLE
Chief Financial Officer
AGE
45
TENURE
0.3 yrs

Wei Xiang

TITLE
COO & MD
AGE
36
TENURE
1.3 yrs

Lixing Wang

TITLE
MD & Head of Investment Banking Group
AGE
39
TENURE
0.7 yrs

Lawrence Yee

TITLE
Chief Compliance Officer & Company Secretary

Jane Zou

TITLE
MD & Chief Human Resources Officer
AGE
45

Jason Lam

TITLE
MD & President of CR International
AGE
44
Board of Directors

Kevin Xie

TITLE
MD, Head of Healthcare & Life Sciences and Executive Director
COMPENSATION
CN¥740K
AGE
48

Michael Du

TITLE
MD, Executive Director & MD of Huaxing Growth Capital Fund
COMPENSATION
CN¥799K
AGE
48

Jue Yao

TITLE
Independent Non-executive Director
COMPENSATION
CN¥19K
AGE
46

Fan Bao

TITLE
Chairman & CEO
COMPENSATION
CN¥5M
AGE
49

Junying Ye

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥19K
AGE
55

Neil Shen

TITLE
Non-Executive Director
AGE
52

Shujun Li

TITLE
Non-Executive Director
AGE
47

Eric Li

TITLE
Non Executive Director
AGE
50

Yue Zhao

TITLE
Independent Non Executive Director
COMPENSATION
CN¥19K
AGE
52
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 (€) Value (€)
22. Oct 19 Buy Yongbo Du Individual 17. Oct 19 17. Oct 19 514,644 €1.73 €888,273
22. Oct 19 Buy Yi-Jing Xie Individual 17. Oct 19 17. Oct 19 182,983 €1.73 €315,828
22. Oct 19 Buy Fan Bao Individual 17. Oct 19 17. Oct 19 762,435 €1.73 €1,315,959
X
Management checks
We assess China Renaissance 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 Renaissance 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.

6RN News

Simply Wall St News

6RN Company Info

Description

China Renaissance Holdings Limited, an investment holding company, engages in investment banking and investment management businesses in Mainland China, Hong Kong, and the United States. The company operates through three segments: Investment Banking, Investment Management, and Huajing Securities. It offers early-stage and mid-stage financial advisory services; private placement advisory services; mergers and acquisitions advisory services; and equity underwriting, sales, trading, brokerage, and research services. The company also provides fund and asset management services. In addition, it offers management services for private equity funds, as well as technical services. The company serves startup and high-growth China-based companies, institutional secondary equity investors, and high net-worth individuals. China Renaissance Holdings Limited was founded in 2005 and is based in Beijing, China.

Details
Name: China Renaissance Holdings Limited
6RN
Exchange: DB
Founded: 2005
HK$710,040,322
534,372,712
Website: http://www.huaxing.com
Address: China Renaissance Holdings Limited
Pacific Century Place,
Gate 1, Space 8,
Beijing,
100027,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1911 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 27. Sep 2018
DB 6RN Ordinary Shares Deutsche Boerse AG DE EUR 27. Sep 2018
SZSC 1911 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 27. Sep 2018
Number of employees
Current staff
Staff numbers
603
China Renaissance Holdings employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 00:59
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/25
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.