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Huangshan Tourism: Stock Market Report’s Stock PSR Reduction To 8.37x

by Nelson Oti 12 days ago in stocks

The Chines stock market reveals that the stock of the company trades with an annual PSR reduction of 8.37x.

Overview of the company’s profile:

Huangshan Tourism Development Co., Ltd. [900942:CH] is a Chinese based company that focuses mainly in operating its business in the tourism industry. The business activities of the company involve the provision of cableway transportation services, selling of garden tickets, operates hotels and restaurants, and provides tourism services. The company also engages in other businesses such as daily operation and management, infrastructure construction, environment sanitation and cleaning, sewage treatment and other services with its focus on the Huangshan scenic zone, Anhui province, China and in HuaShan Mysterious Grottoes, Zhejiang province, China. The company conducts its business activities within the Chinese domestic regions and no involvement in the oversea areas yet. Huangshan Tourism was formed and issued a business license on November 1996 while its headquarter is located at Huangshan, China. The executive head of the company is Dehui Zhang with up to 3,546 other employees currently working for the company.

Performance of the company’s stock in the Chinese stock market:

According to the market report that was showcased by reuters platform, the stock of Huangshan Tourism Development Co., Ltd. [900942:CH] is trending at about USD0.71 per stock which represents a significant decrease by 1.80% as compared to the price of the stock as at 24 hours ago. The current price of the stock also stands on a reasonable increment of about 12.02% YoY as compared to the price of the stock as at same period in the previous year. The stock of the company trends with a 52-weeks high price of about USD0.83 per stock and 52-weeks low price of about USD0.68 per stock. The company records a market capital of about CNY6.19 billion while the total revenue generated by the company during the Fy20 period amounted to about CNY740.84 million. This implies that the stock of the company trends on an annual price to sales ratio (PSR) of about 8.37x. This was recorded from a strong support from the total revenue generated from the Fy20 period despite being on the strong negative level. However we should look into the previous annual financial performances of the company.

Previous annual financial performances:

The financial performance records of the company for the past five years shows consistent and steady negative growth in most of the major financial indicators in each of the report. These negative performances in these past few years are vastly attributed to the strong increase in the number of companies joining the tourism business within China. The financial result of the company for the Fy20 period shows a significant negative growth which is strongly fostered by the outbreak of the contagious corona virus during the first and second quarter of Fy20 period. During that period, people were compelled to stay indoors to reduce the spread of the contagious corona virus. Businesses and companies temporarily closed during that period as public gatherings and areas were strictly banned. According to the financial data that was posted by reuters, some of the major financial indicators such as total income, gross profit and total debt performed as follows;

Total income: The financial data of the company for the Fy20 period revealed significant fall as the total revenue reduced to CNY740.84 million which represents a decrease by 53.89% year-on-year when compared and analyzed from the CNY1.60 billion that was reported in the Fy19’s financial result.

Gross profit: The financial result for the Fy20 period that was posted by reuters revealed that the gross profit also strongly reduced to CNY250.45 million which represents a decrease by 71.58% year-on-year when compared and analyzed from the CNY881.44 million that was reported in the Fy19’s financial result.

Total debt: The financial report of the company for the period in quote also showed that the total debt accumulated by the company improved to CNY54.22 million which represents an increase by 81.44% year-on-year when compared and analyzed from the CNY10.06 million that was reported in the Fy19’s financial result.

Sources:

https://www.reuters.com/companies/900942.SS/financials/income-statement-annual

https://www.marketscreener.com/quote/stock/HUANGSHAN-TOURISM-DEVELOP-6492454/company/

https://www.bloomberg.com/profile/company/900942:CH

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Nelson Oti

Nelson Oti is a Fintech and cryptocurrency enthusiast who has been involved in blockchain projects since 2010. He enjoys discussions that revolve around blockchain, fintech and its implications for the future of humanity.

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