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.

Zhongguancun Science-Tech Leasing

SEHK:1601
Snowflake Description

Good value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1601
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Zhongguancun Science-Tech Leasing Co., Ltd. The last earnings update was 9 days ago. More info.


Add to Portfolio Compare Print
  • Zhongguancun Science-Tech Leasing has significant price volatility in the past 3 months.
1601 Share Price and Events
7 Day Returns
-5.9%
SEHK:1601
2.2%
HK Diversified Financial
2.7%
HK Market
1 Year Returns
-
SEHK:1601
-29.5%
HK Diversified Financial
-19.8%
HK Market
1601 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zhongguancun Science-Tech Leasing (1601) -5.9% -15.8% - - - -
HK Diversified Financial 2.2% -6.8% -12.6% -29.5% -44.3% -61.8%
HK Market 2.7% -7.2% -12.1% -19.8% -9.3% -26.7%
1 Year Return vs Industry and Market
  • No trading data on 1601.
  • No trading data on 1601.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Zhongguancun Science-Tech Leasing 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 Zhongguancun Science-Tech Leasing 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 Zhongguancun Science-Tech Leasing.

SEHK:1601 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¥1.04 * 9.7%
CN¥0.10
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥1.04
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

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 SEHK:1601
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.3%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.731 (1 + (1- 25%) (430.77%))
0.892
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (0.892 * 6.33%)
7.19%

Discounted Cash Flow Calculation for SEHK:1601 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Zhongguancun Science-Tech Leasing 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.

SEHK:1601 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.7% – 7.19%) * CN¥1.04)
CN¥0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.03 / (7.19% - 1.55%)
CN¥0.46
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥1.04 + CN¥0.46
CN¥1.51
SEHK:1601 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1601)
1.1
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.51 x 1.1
HK$1.66
Value per share (HKD) From above. HK$1.66
Current discount Discount to share price of HK$0.80
= -1 x (HK$0.80 - HK$1.66) / HK$1.66
51.8%

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

Current Discount
Amount off the current price Zhongguancun Science-Tech Leasing is available for.
Intrinsic value
>50%
Share price is HK$0.8 vs Future cash flow value of HK$1.66
Current Discount Checks
For Zhongguancun Science-Tech Leasing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zhongguancun Science-Tech Leasing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zhongguancun Science-Tech Leasing's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zhongguancun Science-Tech Leasing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zhongguancun Science-Tech Leasing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1601 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.14
SEHK:1601 Share Price ** SEHK (2020-04-08) in HKD HK$0.8
SEHK:1601 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥0.73
Hong Kong Diversified Financial Industry PE Ratio Median Figure of 14 Publicly-Listed Diversified Financial Companies 6.13x
Hong Kong Market PE Ratio Median Figure of 1,463 Publicly-Listed Companies 9.5x

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

** Primary Listing of Zhongguancun Science-Tech Leasing.

SEHK:1601 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1601 Share Price ÷ EPS (both in CNY)

= 0.73 ÷ 0.14

5.26x

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

  • Zhongguancun Science-Tech Leasing is good value based on earnings compared to the HK Diversified Financial industry average.
  • Zhongguancun Science-Tech Leasing is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Zhongguancun Science-Tech Leasing's expected growth come at a high price?
Raw Data
SEHK:1601 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Asia Diversified Financial Industry PEG Ratio Median Figure of 18 Publicly-Listed Diversified Financial Companies 0.63x
Hong Kong Market PEG Ratio Median Figure of 482 Publicly-Listed Companies 0.67x

*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 Zhongguancun Science-Tech Leasing, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Zhongguancun Science-Tech Leasing's assets?
Raw Data
SEHK:1601 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥1.04
SEHK:1601 Share Price * SEHK (2020-04-08) in HKD HK$0.8
SEHK:1601 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥0.73
Hong Kong Diversified Financial Industry PB Ratio Median Figure of 28 Publicly-Listed Diversified Financial Companies 0.5x
Hong Kong Market PB Ratio Median Figure of 2,242 Publicly-Listed Companies 0.73x
SEHK:1601 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1601 Share Price ÷ Book Value per Share (both in CNY)

= 0.73 ÷ 1.04

0.7x

* Primary Listing of Zhongguancun Science-Tech Leasing.

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

  • Zhongguancun Science-Tech Leasing is overvalued based on assets compared to the HK Diversified Financial industry average.
X
Value checks
We assess Zhongguancun Science-Tech Leasing'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Zhongguancun Science-Tech Leasing has a total score of 4/6, 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.

Future Performance

 How is Zhongguancun Science-Tech Leasing 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
7.1%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zhongguancun Science-Tech Leasing expected to grow at an attractive rate?
  • Unable to compare Zhongguancun Science-Tech Leasing's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Zhongguancun Science-Tech Leasing's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Zhongguancun Science-Tech Leasing's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1601 Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Asia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 12.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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
SEHK:1601 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.
SEHK:1601 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08
SEHK:1601 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 270 -559 138
2019-09-30 259 -542 138
2019-06-30 248 -524 138
2019-03-31 234 -533 129
2018-12-31 221 -542 119
2017-12-31 182 114 97

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Zhongguancun Science-Tech Leasing is high growth as no earnings estimate data is available.
  • Unable to determine if Zhongguancun Science-Tech Leasing 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
SEHK:1601 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 Zhongguancun Science-Tech Leasing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1601 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08
SEHK:1601 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.14
2019-09-30 0.14
2019-06-30 0.14
2019-03-31 0.13
2018-12-31 0.12
2017-12-31 0.13

*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.
  • Zhongguancun Science-Tech Leasing is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zhongguancun Science-Tech Leasing'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Zhongguancun Science-Tech Leasing 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.

Past Performance

  How has Zhongguancun Science-Tech Leasing 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 Zhongguancun Science-Tech Leasing's growth in the last year to its industry (Diversified Financial).
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.
  • Insufficient data to establish if Zhongguancun Science-Tech Leasing's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Zhongguancun Science-Tech Leasing's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Zhongguancun Science-Tech Leasing's earnings growth has exceeded the HK Diversified Financial industry average in the past year (16.2% vs 1.9%).
Earnings and Revenue History
Zhongguancun Science-Tech Leasing'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 Zhongguancun Science-Tech Leasing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1601 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 270.27 138.26 1.07
2019-09-30 259.21 138.31 2.90
2019-06-30 248.16 138.37 4.73
2019-03-31 234.49 128.68 7.10
2018-12-31 220.83 119.00 9.48
2017-12-31 182.08 97.44 5.53
2016-12-31 149.68 82.62 5.61

*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.
  • Zhongguancun Science-Tech Leasing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zhongguancun Science-Tech Leasing used its assets less efficiently than the HK Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Zhongguancun Science-Tech Leasing 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 Zhongguancun Science-Tech Leasing'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 Diversified Financial 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.
Zhongguancun Science-Tech Leasing 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.

Health

 How is Zhongguancun Science-Tech Leasing'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 Zhongguancun Science-Tech Leasing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zhongguancun Science-Tech Leasing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zhongguancun Science-Tech Leasing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zhongguancun Science-Tech Leasing'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 not covered by short term assets, assets are 0.9x 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 Zhongguancun Science-Tech Leasing Company Filings, last reported 3 months ago.

SEHK:1601 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,392.26 4,158.38 252.11
2019-09-30 1,392.26 4,158.38 252.11
2019-06-30 1,327.03 3,600.38 383.64
2019-03-31 1,327.03 3,600.38 383.64
2018-12-31 1,287.76 3,319.75 306.62
2017-12-31 1,202.72 2,612.27 326.30
2016-12-31 631.93 3,043.28 313.12
  • Zhongguancun Science-Tech Leasing's level of debt (298.7%) compared to net worth is high (greater than 40%).
  • Unable to establish if Zhongguancun Science-Tech Leasing'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 Zhongguancun Science-Tech Leasing's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Zhongguancun Science-Tech Leasing'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. Zhongguancun Science-Tech Leasing 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.

Dividends

 What is Zhongguancun Science-Tech Leasing'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
5.16%
Current annual income from Zhongguancun Science-Tech Leasing dividends. Estimated to be 6.69% next year.
If you bought HK$2,000 of Zhongguancun Science-Tech Leasing shares you are expected to receive HK$103 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?
  • Zhongguancun Science-Tech Leasing's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.66%).
  • Zhongguancun Science-Tech Leasing's dividend is below the markets top 25% of dividend payers in Hong Kong (7.15%).
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
SEHK:1601 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
Hong Kong Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 6.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 939 Stocks 4.2%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.7%
Hong Kong Top 25% Dividend Yield 75th Percentile 7.2%

Industry and Market average data is calculated daily.

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

SEHK:1601 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.06 1.00
2021-12-31 0.05 1.00
2020-12-31 0.03 1.00
2020-04-08
SEHK:1601 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.038 4.969

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

  • It is too early to tell whether Zhongguancun Science-Tech Leasing has stable dividend payments.
  • Zhongguancun Science-Tech Leasing only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Zhongguancun Science-Tech Leasing's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Zhongguancun Science-Tech Leasing's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Zhongguancun Science-Tech Leasing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zhongguancun Science-Tech Leasing has a total score of 3/6, see the detailed checks below.


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

Management

 What is the CEO of Zhongguancun Science-Tech Leasing'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
Rongfeng He
AGE 50
CEO Bio

Mr. Rongfeng He was elected as an Executive Director of Zhongguancun Science -Tech Leasing company Limited in August 13, 2019. Mr. He joined Zhongguancun Science -Tech Leasing company Limited in January 1, 2013 and serves as its General Manager. Mr. He has around 15 years of experience in finance leasing and corporate management. He has been serving as a director of Beijing Zhongnuo Tongchuang Investment Fund Management Co., Ltd. since April 2019, and as a director of Beijing Zhongguancun Synergetic Innovation Investment Fund Management Co., Ltd. since July 2016. Mr. He served as the deputy general manager of China KangFu International Leasing Co., Ltd. from March 2005 to January 2009. He then served as the general manager of China KangFu International Leasing Co., Ltd. from February 2009 to December 2012. Mr. He graduated from Xiangtan University, majority in mechanical engineering and obtained a bachelor’s degree in engineering in June 1990.

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

Average tenure and age of the Zhongguancun Science-Tech Leasing management team in years:

2.5
Average Tenure
44
Average Age
  • The tenure for the Zhongguancun Science-Tech Leasing management team is about average.
Management Team

Rongfeng He

TITLE
GM & Executive Director
AGE
50

Wei Gao

TITLE
Board Secretary
AGE
53
TENURE
0.7 yrs

Wen Huang

TITLE
Deputy GM & Executive Director
AGE
44
TENURE
5.3 yrs

Jiyan Dou

TITLE
Deputy GM & Head of Risk Management Team
AGE
40
TENURE
2.5 yrs

Pengyan Yang

TITLE
Deputy General Manager
AGE
42
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Zhongguancun Science-Tech Leasing board of directors in years:

0.7
Average Tenure
48.5
Average Age
  • The average tenure for the Zhongguancun Science-Tech Leasing board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hongwei Duan

TITLE
Non-Executive Chairman
AGE
55
TENURE
0.7 yrs

Rongfeng He

TITLE
GM & Executive Director
AGE
50
TENURE
0.7 yrs

Wen Huang

TITLE
Deputy GM & Executive Director
AGE
44
TENURE
0.7 yrs

Cheng Dongyue

TITLE
Independent Executive Director
AGE
60
TENURE
0.6 yrs

Bernard Wu

TITLE
Independent Executive Director
AGE
54
TENURE
0.7 yrs

Zhen Lin

TITLE
Independent Executive Director
AGE
35
TENURE
0.7 yrs

Jian Zhang

TITLE
Chairman of the Board of Supervisors
AGE
47
TENURE
0.7 yrs

Yixiang Lou

TITLE
Non-Executive Director
AGE
42
TENURE
0.7 yrs

Shuqing Zhang

TITLE
Non-Executive Director
AGE
45
TENURE
0.7 yrs

Peng Li

TITLE
Non-Executive Director
AGE
58
TENURE
2.3 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 (HK$) Value (HK$)
X
Management checks
We assess Zhongguancun Science-Tech Leasing'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. Zhongguancun Science-Tech Leasing 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.

News

Simply Wall St News

Company Info

Description

Zhongguancun Science-Tech Leasing Co., Ltd. provides financial leasing solutions and diversified consulting services for technology and new economy companies. The company was founded in 2012 and is based in Beijing, China.

Details
Name: Zhongguancun Science-Tech Leasing Co., Ltd.
1601
Exchange: SEHK
Founded: 2012
HK$1,066,667,200
1,333,334,000
Website: http://www.zgclease.com
Address: Zhongguancun Science-Tech Leasing Co., Ltd.
Courtyard 2,
Floor 5 & 6, Suite 7,
Beijing,
100089,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1601 Domestic Shares The Stock Exchange of Hong Kong Ltd. HK HKD 21. Jan 2020
Number of employees
Current staff
Staff numbers
110
Zhongguancun Science-Tech Leasing employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 13:51
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/30
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.