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Yangzhou Guangling District Taihe Rural Micro-finance

SEHK:1915
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1915
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Diversified Financials
Company description

Yangzhou Guangling District Taihe Rural Micro-finance Company Limited, a rural micro-finance company, engages in granting loans to agriculture, rural areas, and farmers in the People’s Republic of China. The last earnings update was 113 days ago. More info.


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  • Yangzhou Guangling District Taihe Rural Micro-finance has significant price volatility in the past 3 months.
1915 Share Price and Events
7 Day Returns
-7.7%
SEHK:1915
-2.8%
HK Consumer Finance
-2.7%
HK Market
1 Year Returns
59.8%
SEHK:1915
-22%
HK Consumer Finance
-5.6%
HK Market
1915 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yangzhou Guangling District Taihe Rural Micro-finance (1915) -7.7% -10.7% 30.6% 59.8% - -
HK Consumer Finance -2.8% -5.2% -7.4% -22% -27.8% -38.6%
HK Market -2.7% -4.6% -1% -5.6% 4.1% -4%
1 Year Return vs Industry and Market
  • 1915 outperformed the Consumer Finance industry which returned -22% over the past year.
  • 1915 outperformed the Market in Hong Kong which returned -5.6% over the past year.
Price Volatility
1915
Industry
5yr Volatility vs Market

Value

 Is Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance.

SEHK:1915 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¥1.32 * 6.4%
CN¥0.08
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥1.32
Discount Rate (Cost of Equity) See below 6.6%
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:1915
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.3%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 25%) (0.13%))
0.79
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (0.8 * 6.33%)
6.61%

Discounted Cash Flow Calculation for SEHK:1915 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Yangzhou Guangling District Taihe Rural Micro-finance 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:1915 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.4% – 6.61%) * CN¥1.32)
CN¥0.00
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.00 / (6.61% - 1.55%)
CN¥-0.06
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥1.32 + CN¥-0.06
CN¥1.26
SEHK:1915 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1915)
1.111
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥1.26 x 1.111
HK$1.4
Value per share (HKD) From above. HK$1.40
Current discount Discount to share price of HK$3.50
= -1 x (HK$3.50 - HK$1.40) / HK$1.40
-150.2%

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

  • The current share price of Yangzhou Guangling District Taihe Rural Micro-finance is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Yangzhou Guangling District Taihe Rural Micro-finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yangzhou Guangling District Taihe Rural Micro-finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1915 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.11
SEHK:1915 Share Price ** SEHK (2019-12-04) in HKD HK$3.5
SEHK:1915 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.9 CN¥3.15
Hong Kong Consumer Finance Industry PE Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 6.55x
Hong Kong Market PE Ratio Median Figure of 1,469 Publicly-Listed Companies 10.13x

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

** Primary Listing of Yangzhou Guangling District Taihe Rural Micro-finance.

SEHK:1915 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1915 Share Price ÷ EPS (both in CNY)

= 3.15 ÷ 0.11

29.35x

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

  • Yangzhou Guangling District Taihe Rural Micro-finance is overvalued based on earnings compared to the HK Consumer Finance industry average.
  • Yangzhou Guangling District Taihe Rural Micro-finance is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Yangzhou Guangling District Taihe Rural Micro-finance's expected growth come at a high price?
Raw Data
SEHK:1915 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Finance Industry PEG Ratio Median Figure of 38 Publicly-Listed Consumer Finance Companies 0.88x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.72x

*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 Yangzhou Guangling District Taihe Rural Micro-finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yangzhou Guangling District Taihe Rural Micro-finance's assets?
Raw Data
SEHK:1915 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥1.40
SEHK:1915 Share Price * SEHK (2019-12-04) in HKD HK$3.5
SEHK:1915 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.9 CN¥3.15
Hong Kong Consumer Finance Industry PB Ratio Median Figure of 30 Publicly-Listed Consumer Finance Companies 0.48x
Hong Kong Market PB Ratio Median Figure of 2,202 Publicly-Listed Companies 0.81x
SEHK:1915 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1915 Share Price ÷ Book Value per Share (both in CNY)

= 3.15 ÷ 1.40

2.25x

* Primary Listing of Yangzhou Guangling District Taihe Rural Micro-finance.

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

  • Yangzhou Guangling District Taihe Rural Micro-finance is overvalued based on assets compared to the HK Consumer Finance industry average.
X
Value checks
We assess Yangzhou Guangling District Taihe Rural Micro-finance'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. Yangzhou Guangling District Taihe Rural Micro-finance has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance 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
-44.5%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yangzhou Guangling District Taihe Rural Micro-finance expected to grow at an attractive rate?
  • Unable to compare Yangzhou Guangling District Taihe Rural Micro-finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Yangzhou Guangling District Taihe Rural Micro-finance's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Yangzhou Guangling District Taihe Rural Micro-finance's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1915 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average -44.5%
Hong Kong Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 21.2%
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:1915 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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.
SEHK:1915 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 108 17 64
2019-03-31 106 57 67
2018-12-31 105 44 69
2018-09-30 103 47 67
2018-06-30 98 -35 62
2018-03-31 88 -169 51
2017-12-31 84 -160 46
2017-09-30 82 -172 45
2017-06-30 75 -90 39
2017-03-31 75 40
2016-12-31 76 60 40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Yangzhou Guangling District Taihe Rural Micro-finance is high growth as no earnings estimate data is available.
  • Unable to determine if Yangzhou Guangling District Taihe Rural Micro-finance 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:1915 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Yangzhou Guangling District Taihe Rural Micro-finance Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1915 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.11
2019-03-31 0.11
2018-12-31 0.11
2018-09-30 0.11
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.08
2017-09-30 0.09
2017-06-30 0.06
2017-03-31 0.07
2016-12-31 0.09

*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 Yangzhou Guangling District Taihe Rural Micro-finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Yangzhou Guangling District Taihe Rural Micro-finance's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Yangzhou Guangling District Taihe Rural Micro-finance'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. Yangzhou Guangling District Taihe Rural Micro-finance'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 Yangzhou Guangling District Taihe Rural Micro-finance'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance'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.
  • Yangzhou Guangling District Taihe Rural Micro-finance's year on year earnings growth rate has been positive over the past 5 years.
  • Yangzhou Guangling District Taihe Rural Micro-finance's 1-year earnings growth is less than its 5-year average (3.5% vs 3.6%)
  • Yangzhou Guangling District Taihe Rural Micro-finance's earnings growth has exceeded the HK Consumer Finance industry average in the past year (3.5% vs -7.5%).
Earnings and Revenue History
Yangzhou Guangling District Taihe Rural Micro-finance'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 Yangzhou Guangling District Taihe Rural Micro-finance Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1915 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 108.01 64.42 23.34
2019-03-31 106.07 66.57 18.61
2018-12-31 105.27 68.75 14.59
2018-09-30 102.63 67.19 14.61
2018-06-30 98.04 62.23 15.27
2018-03-31 87.97 50.53 18.03
2017-12-31 83.92 45.83 20.26
2017-09-30 81.67 44.52 19.06
2017-06-30 74.80 38.95 20.02
2017-03-31 75.09 40.07 20.92
2016-12-31 76.27 40.48 21.57
2015-12-31 95.35 61.40 14.37
2014-12-31 98.30 67.49 17.34

*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.
  • Yangzhou Guangling District Taihe Rural Micro-finance has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yangzhou Guangling District Taihe Rural Micro-finance used its assets more efficiently than the HK Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if Yangzhou Guangling District Taihe Rural Micro-finance 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 Yangzhou Guangling District Taihe Rural Micro-finance'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.
Yangzhou Guangling District Taihe Rural Micro-finance has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Yangzhou Guangling District Taihe Rural Micro-finance'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 Yangzhou Guangling District Taihe Rural Micro-finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Yangzhou Guangling District Taihe Rural Micro-finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Yangzhou Guangling District Taihe Rural Micro-finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Yangzhou Guangling District Taihe Rural Micro-finance'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 2392.6x 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 Yangzhou Guangling District Taihe Rural Micro-finance Company Filings, last reported 5 months ago.

SEHK:1915 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 841.70 0.35 13.41
2019-03-31 825.13 0.39 5.61
2018-12-31 811.31 0.42 4.34
2018-09-30 795.93 0.00 1.95
2018-06-30 777.27 0.00 0.91
2018-03-31 806.56 0.00 0.99
2017-12-31 790.56 0.00 10.58
2017-09-30 776.74 10.00 14.16
2017-06-30 763.05 0.00 83.98
2017-03-31 580.78 0.00 3.55
2016-12-31 580.78 0.00 3.55
2015-12-31 585.30 8.00 0.42
2014-12-31 523.90 0.00 22.02
  • Yangzhou Guangling District Taihe Rural Micro-finance's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Yangzhou Guangling District Taihe Rural Micro-finance's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (4782%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Yangzhou Guangling District Taihe Rural Micro-finance's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Yangzhou Guangling District Taihe Rural Micro-finance'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. Yangzhou Guangling District Taihe Rural Micro-finance has a total score of 4/6, 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 Yangzhou Guangling District Taihe Rural Micro-finance's current dividend yield, its reliability and sustainability?

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:1915 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
Hong Kong Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 6.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 963 Stocks 3.8%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

SEHK:1915 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.000 0.000
2019-08-12 0.000 0.000
2019-05-14 0.000 0.000
2019-05-10 0.000 0.000
2019-03-29 0.000 0.000
2019-03-25 0.000 0.000
2018-05-17 0.080 3.719

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

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


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

Management

 What is the CEO of Yangzhou Guangling District Taihe Rural Micro-finance'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
Li Bai
COMPENSATION CN¥209,366
AGE 43
TENURE AS CEO 6.6 years
CEO Bio

Ms. Li Bai has been General Manager and Executive Director at Yangzhou Guangling District Taihe Rural Micro-Finance Company Limited since May 06, 2013 and August 23, 2012 and serves as Compliance officer. Ms. Bai is primarily responsible for formulating and implementing Yangzhou corporate strategies, overseeing Yangzhou overall business development and participating in the day-to-day management of its business operations. Ms. Bai has over 18 years of experience in financing industry. She joined Yangzhou on July 1, 2010 as a Deputy General Manager. She was Supervisor of Botai Group from March 2010 to August 2012. She served as Customer Manager of Bank of Communications Co., Ltd. Yangzhou Branch from August 1998 to March 2010. Ms. Bai graduated from Yangzhou University in the PRC in July 1997 majoring in international business.

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

Average tenure and age of the Yangzhou Guangling District Taihe Rural Micro-finance management team in years:

5.3
Average Tenure
40
Average Age
  • The average tenure for the Yangzhou Guangling District Taihe Rural Micro-finance management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Wanlin Bo

TITLE
Chairman
COMPENSATION
CN¥500K
AGE
70

Li Bai

TITLE
GM, Compliance officer & Executive Director
COMPENSATION
CN¥209K
AGE
43
TENURE
6.6 yrs

Yinqing Zhou

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥167K
AGE
40
TENURE
5.8 yrs

Qian Gu

TITLE
Responsible Officer of the Legal Department

Lei Xu

TITLE
Deputy GM & Joint Company Secretary
AGE
34
TENURE
4.9 yrs

Pete Lau

TITLE
Joint Company Secretary
AGE
34
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the Yangzhou Guangling District Taihe Rural Micro-finance board of directors in years:

6.6
Average Tenure
45.5
Average Age
  • The tenure for the Yangzhou Guangling District Taihe Rural Micro-finance board of directors is about average.
Board of Directors

Wanlin Bo

TITLE
Chairman
COMPENSATION
CN¥500K
AGE
70
TENURE
11.9 yrs

Li Bai

TITLE
GM, Compliance officer & Executive Director
COMPENSATION
CN¥209K
AGE
43
TENURE
7.3 yrs

Yinqing Zhou

TITLE
Deputy GM & Executive Director
COMPENSATION
CN¥167K
AGE
40
TENURE
6.6 yrs

Zhenqiang Bao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥20K
AGE
56
TENURE
3.6 yrs

So Kuen Chan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥101K
AGE
39
TENURE
4.9 yrs

Chunhong Wang

TITLE
Chairperson of the Supervisory Committee
AGE
69
TENURE
4.9 yrs

Nianbin Bo

TITLE
Non-Executive Director
AGE
44
TENURE
11.9 yrs

Yuchao Zuo

TITLE
Non-Executive Director
AGE
47
TENURE
11.9 yrs

Xiankun Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥20K
AGE
68
TENURE
4.9 yrs

Yi Zhang

TITLE
Employee Supervisor
AGE
32
TENURE
6.6 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$) Value (HK$)
15. Jan 19 Sell Cho Hung Suen Individual 11. Jan 19 11. Jan 19 -1,204,000 HK$2.33 HK$-2,802,908
14. Jan 19 Buy Ming Wai Lai Individual 09. Jan 19 09. Jan 19 1,632,000 HK$2.23 HK$3,639,364
09. Jan 19 Sell Cho Hung Suen Individual 08. Jan 19 08. Jan 19 -810,000 HK$2.25 HK$-1,824,121
08. Jan 19 Sell Cho Hung Suen Individual 04. Jan 19 04. Jan 19 -1,760,000 HK$2.30 HK$-4,046,236
X
Management checks
We assess Yangzhou Guangling District Taihe Rural Micro-finance'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. Yangzhou Guangling District Taihe Rural Micro-finance 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

What Kind Of Shareholder Owns Most Yangzhou Guangling District Taihe Rural Micro-finance Company Limited (HKG:1915) Stock?

If you want to know who really controls Yangzhou Guangling District Taihe Rural Micro-finance Company Limited (HKG:1915), then you'll have to look at the makeup of its share registry. … Check out our latest analysis for Yangzhou Guangling District Taihe Rural Micro-finance SEHK:1915 Ownership Summary, August 8th 2019 What Does The Lack Of Institutional Ownership Tell Us About Yangzhou Guangling District Taihe Rural Micro-finance? … Our most recent data indicates that insiders own some shares in Yangzhou Guangling District Taihe Rural Micro-finance Company Limited.

Simply Wall St -

Company Info

Description

Yangzhou Guangling District Taihe Rural Micro-finance Company Limited, a rural micro-finance company, engages in granting loans to agriculture, rural areas, and farmers in the People’s Republic of China. The company is involved in financial guarantees and other financial businesses, as well as acts as a financial institution agent. It serves small and medium-sized enterprises, microenterprises, and individual proprietors. Yangzhou Guangling District Taihe Rural Micro-finance Company Limited was founded in 2008 and is headquartered in Yangzhou, the People’s Republic of China.

Details
Name: Yangzhou Guangling District Taihe Rural Micro-finance Company Limited
1915
Exchange: SEHK
Founded: 2008
HK$2,100,000,000
600,000,000
Website: http://www.gltaihe.com
Address: Yangzhou Guangling District Taihe Rural Micro-finance Company Limited
Beizhou Road,
Lidian Town,
Yangzhou,
Jiangsu Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1915 H Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. May 2017
SEHK 8252 Domestic Shares The Stock Exchange of Hong Kong Ltd. HK HKD 05. Dec 2019
Number of employees
Current staff
Staff numbers
29
Yangzhou Guangling District Taihe Rural Micro-finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 13:04
End of day share price update: 2019/12/04 00:00
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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

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