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China High Speed Transmission Equipment Group Co
(OTC:0658)
China High Speed Transmission Equipment Group Co (0658) vs. S&P 500 (SPY)
China High Speed Transmission Equipment Group Co Business Overview & Revenue Model
China High Speed Transmission Equipment Group Co Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 24.08B | 21.08B | 20.21B | 15.37B | 9.72B | Gross Profit |
| 3.39B | 3.26B | 3.19B | 3.21B | 1.93B | EBIT |
| 1.37B | 1.52B | 1.76B | 1.48B | 762.11M | EBITDA |
| 2.04B | 1.92B | 2.17B | 1.90B | 1.25B | Net Income Common Stockholders |
| 95.52M | 101.60M | 1.32B | 840.91M | 438.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 7.44B | 8.10B | 6.96B | 6.12B | 5.81B | Total Assets |
| 41.70B | 41.63B | 29.64B | 25.85B | 24.86B | Total Debt |
| 9.49B | 7.84B | 4.00B | 2.38B | 5.24B | Net Debt |
| 3.87B | 3.46B | 713.93M | 194.64M | 2.72B | Total Liabilities |
| 27.79B | 28.04B | 15.87B | 13.23B | 13.53B | Stockholders Equity |
| 10.27B | 10.48B | 13.40B | 12.22B | 11.21B |
| Cash Flow | Free Cash Flow | |||
| -2.14B | -1.70B | -2.62B | 710.61M | 1.59B | Operating Cash Flow |
| 352.04M | 906.61M | -1.48B | 1.18B | 2.11B | Investing Cash Flow |
| -303.35M | -5.46B | -25.37M | 1.86B | 1.14B | Financing Cash Flow |
| 1.18B | 5.57B | 2.64B | -3.38B | -2.81B |
China High Speed Transmission Equipment Group Co Technical Analysis
China High Speed Transmission Equipment Group Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $109.06B | 5.34 | 20.63% | 4.17% | 2.84% | ― | |
64 Neutral | $4.25B | 11.72 | 5.24% | 249.79% | 4.07% | -9.45% | |
59 Neutral | HK$49.90B | 12.10 | 9.94% | 5.76% | 1.39% | -21.74% | |
53 Neutral | €9.80B | 28.30 | 2.31% | 2.71% | 37.06% | 72.51% | |
44 Neutral | HK$1.37B | ― | -70.25% | ― | -9.95% | -6348.85% | |
32 Underperform | $22.22B | ― | -11.91% | ― | -56.32% | -272.70% |
China High Speed Transmission Equipment Group Co Corporate Events
China High Speed Transmission Equipment Group Co., Ltd. has announced the postponement of its Extraordinary General Meeting (EGM) originally scheduled for April 24, 2025, due to significant opposition from shareholders, employees, and other stakeholders. The decision to delay the meeting until June 27, 2025, coinciding with the annual general meeting, allows the company time to address concerns, including an ongoing independent investigation, which is expected to yield findings in May 2025.
China High Speed Transmission Equipment Group Co., Ltd. has announced an extraordinary general meeting to address significant changes in its board of directors. The meeting will consider the removal of certain executive directors and the appointment of new directors, which could impact the company’s strategic direction and governance structure.
China High Speed Transmission Equipment Group Co., Ltd. has initiated legal proceedings against a group of companies and individuals, including Fullshare Holdings Limited and its chairman, Mr. Ji Changqun, for alleged involvement in a fraudulent scheme to misappropriate approximately RMB6.64 billion from the company’s subsidiaries. The legal action, filed in the High Court of Hong Kong, aims to recover the misappropriated funds and protect the company’s interests, highlighting the company’s commitment to safeguarding its assets and maintaining its market integrity.
China High Speed Transmission Equipment Group Co., Ltd. reported a significant financial downturn for the year ended December 31, 2024, with a revenue decline of 8.3% and a substantial loss attributable to owners of the company amounting to RMB 6,556,733, contrasting with a profit in the previous year. The company’s financial performance was impacted by increased net impairment losses on financial assets and other net losses, leading to an operating loss of RMB 5,141,118. This downturn reflects challenges in the company’s operational efficiency and market conditions, potentially affecting its stakeholders and market positioning.
China High Speed Transmission Equipment Group Co., Ltd. has issued a profit warning, anticipating a significant financial loss for the year ending December 31, 2024, compared to the previous year’s profit. This downturn is primarily due to substantial impairment provisions related to trade receivables and prepayments, influenced by suspected illegal activities by related companies and individuals. The company is pursuing legal action to protect its interests, and stakeholders are advised to exercise caution.
China High Speed Transmission Equipment Group Co., Ltd. has announced a board meeting scheduled for March 28, 2025, to discuss and approve the audited annual results for the year ending December 31, 2024. The meeting will also cover the draft announcement for these results and the potential payment of a final dividend, reflecting the company’s ongoing financial management and shareholder engagement.
China High Speed Transmission Equipment Group Co., Ltd. has announced that a formal investigation has been initiated by the Nanjing Public Security Bureau into suspected embezzlement and misappropriation of funds by individuals in positions of authority within its subsidiaries. The company is actively cooperating with the authorities and pursuing legal measures to protect its interests. Despite these developments, the company’s business operations continue as usual, and it remains committed to safeguarding its stakeholders’ interests.
China High Speed Transmission Equipment Group Co., Ltd. is facing a challenge from its major shareholder, Fullshare Holdings Limited, which is seeking to convene an extraordinary general meeting to reconstitute the company’s board. Fullshare alleges inadequate information regarding amendments to the articles of association of the company’s subsidiary, Nanjing High Speed Gear Manufacturing Co., Ltd. The company refutes these allegations, asserting that the amendments were proper and that it maintains control over the subsidiary. The company is prepared to take legal action to protect its interests and ensure the integrity of its operations.
China High Speed Transmission Equipment Group Co., Ltd. announced the removal of Mr. Fang Jian from his position as an executive director due to a loss of trust and confidence in his ability to fulfill his responsibilities. The board cited concerns over Mr. Fang’s management and approval of company agreements and his lack of cooperation with an independent investigation. Despite Mr. Fang’s disagreement and accusations against the board, the company is conducting inquiries to ensure transparency and integrity in its operations.
China High Speed Transmission Equipment Group Co., Ltd. has announced an update on an independent investigation into its subsidiaries’ agreements and relevant amounts, with extensive investigative procedures underway. In response to the investigation, the company has implemented interim remedial measures to strengthen internal controls, including suspending commodities trading operations, enhancing cash flow management, and optimizing senior management roles to ensure operational efficiency and compliance.
China High Speed Transmission Equipment Group Co., Ltd. has announced a new composition of its board of directors effective from March 1, 2025. The board will include both executive and independent non-executive directors, with specific members assigned to various board committees such as the Audit, Remuneration, and Nomination Committees. This restructuring is likely to impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relations.
China High Speed Transmission Equipment Group Co., Ltd. has initiated an independent investigation into certain agreements and relevant amounts, engaging FTI Consulting (Hong Kong) Limited to expedite the process. As the investigation progresses, the company is implementing measures to improve internal controls and compliance, streamlining operations to better protect its interests and ensure regulatory adherence.