Why is Harbin VITI Electronics Corp. ?
1
Poor Management Efficiency with a low ROCE of 0.16%
- The company has been able to generate a Return on Capital Employed (avg) of 0.16% signifying low profitability per unit of total capital (equity and debt)
2
Poor long term growth as Net Sales has grown by an annual rate of -2.25% and Operating profit at -203.64% over the last 5 years
3
With ROE of -0.03%, it has a risky valuation with a 2.98 Price to Book Value
- Over the past year, while the stock has generated a return of 56.10%, its profits have risen by 97.9%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Harbin VITI Electronics Corp. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Harbin VITI Electronics Corp.
56.1%
4.60
37.27%
China Shanghai Composite
14.77%
1.01
14.58%
Quality key factors
Factor
Value
Sales Growth (5y)
-2.25%
EBIT Growth (5y)
-203.64%
EBIT to Interest (avg)
-11.75
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.66
Sales to Capital Employed (avg)
0.09
Tax Ratio
100.00%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0.16%
ROE (avg)
0.52%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
2.98
EV to EBIT
-171.38
EV to EBITDA
626.51
EV to Capital Employed
6.35
EV to Sales
17.73
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-3.70%
ROE (Latest)
-0.03%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
26What is working for the Company
NET PROFIT(9M)
Higher at CNY 0.86 MM
INVENTORY TURNOVER RATIO(HY)
Highest at 0.82%
DEBTORS TURNOVER RATIO(HY)
Highest at 1.4%
NET SALES(Q)
Highest at CNY 37.75 MM
-11What is not working for the Company
PRE-TAX PROFIT(Q)
At CNY 0.19 MM has Fallen at -96.71%
NET PROFIT(Q)
At CNY 0.8 MM has Fallen at -81.72%
RAW MATERIAL COST(Y)
Grown by 49% (YoY
OPERATING PROFIT(Q)
Lowest at CNY -2.16 MM
OPERATING PROFIT MARGIN(Q)
Lowest at -5.72 %
Here's what is working for Harbin VITI Electronics Corp.
Net Sales
At CNY 37.75 MM has Grown at 87.53%
Year on Year (YoY)MOJO Watch
Near term sales trend is extremely positive
Net Sales (CNY MM)
Net Sales
Highest at CNY 37.75 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Inventory Turnover Ratio
Highest at 0.82%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Debtors Turnover Ratio
Highest at 1.4%
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Harbin VITI Electronics Corp.
Pre-Tax Profit
At CNY 0.19 MM has Fallen at -96.71%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very negative
Pre-Tax Profit (CNY MM)
Net Profit
At CNY 0.8 MM has Fallen at -81.72%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (CNY MM)
Operating Profit
Lowest at CNY -2.16 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (CNY MM)
Operating Profit Margin
Lowest at -5.72 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Raw Material Cost
Grown by 49% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales
Non Operating Income
Highest at CNY 12.3 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income






