Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.33, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 46x in the Electrical industry in China. Total returns to shareholders of 23% over the past three years. Announcement • Jul 01
Motic (Xiamen) Electric Group Co.,Ltd to Report First Half, 2026 Results on Aug 25, 2026 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.16, the stock trades at a trailing P/E ratio of 38x. Average trailing P/E is 58x in the Electrical industry in China. Total returns to shareholders of 14% over the past three years. Declared Dividend • Jun 22
Dividend of CN¥0.07 announced Dividend of CN¥0.07 is the same as last year. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but not covered by cash flows (403% cash payout ratio). The dividend has increased by an average of 3.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 30
Motic (Xiamen) Electric Group Co.,Ltd Approves Cash Dividend for 2025 Motic (Xiamen) Electric Group Co.,Ltd at its Annual General Meeting of 2025 held on 26 May 2026 approved the 2025 profit distribution plan as follows: Cash Dividend per ten shares (tax included): CNY 0.70000000. Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.31 in FY 2024) Full year 2025 results: EPS: CN¥0.33 (up from CN¥0.31 in FY 2024). Revenue: CN¥1.52b (up 13% from FY 2024). Net income: CN¥171.6m (up 6.3% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Apr 27
Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, May 26, 2026 Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, May 26, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Announcement • Mar 31
Motic (Xiamen) Electric Group Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Motic (Xiamen) Electric Group Co.,Ltd to Report Fiscal Year 2025 Results on Apr 27, 2026 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report fiscal year 2025 results on Apr 27, 2026 New Risk • Dec 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 242% Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.087 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.087 in 3Q 2024). Revenue: CN¥408.2m (up 20% from 3Q 2024). Net income: CN¥52.3m (up 17% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Sep 30
Motic (Xiamen) Electric Group Co.,Ltd to Report Q3, 2025 Results on Oct 27, 2025 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 27, 2025 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.71, the stock trades at a trailing P/E ratio of 58x. Average trailing P/E is 53x in the Electrical industry in China. Total returns to shareholders of 150% over the past three years. Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.088 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.088 in 2Q 2024). Revenue: CN¥375.2m (up 5.3% from 2Q 2024). Net income: CN¥56.9m (up 25% from 2Q 2024). Profit margin: 15% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Jul 02
Motic (Xiamen) Electric Group Co.,Ltd to Report First Half, 2025 Results on Aug 25, 2025 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report first half, 2025 results on Aug 25, 2025 Declared Dividend • Jun 30
Dividend of CN¥0.07 announced Dividend of CN¥0.07 is the same as last year. Ex-date: 1st July 2025 Payment date: 1st July 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (22% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.40, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 131% over the past three years. Announcement • Apr 22
Motic (Xiamen) Electric Group Co.,Ltd Proposes Final Cash Dividend for 2024 Motic (Xiamen) Electric Group Co.,Ltd announced on 21 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 0.70000000. Announcement • Apr 21
Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, May 20, 2025 Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, May 20, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥13.02, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 49% over the past three years. Announcement • Mar 31
Motic (Xiamen) Electric Group Co.,Ltd to Report Q1, 2025 Results on Apr 28, 2025 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.00, the stock trades at a trailing P/E ratio of 57.3x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥15.85, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 34% over the past three years. Announcement • Dec 31
Motic (Xiamen) Electric Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 21, 2025 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.14, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 37x in the Electrical industry in China. Total returns to shareholders of 139% over the past three years. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.085 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.087 (up from CN¥0.085 in 3Q 2023). Revenue: CN¥341.7m (down 2.5% from 3Q 2023). Net income: CN¥44.8m (up 1.5% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥17.62, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 31x in the Electrical industry in China. Total returns to shareholders of 92% over the past three years. Buy Or Sell Opportunity • Oct 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 119% to CN¥17.62. The fair value is estimated to be CN¥14.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Motic (Xiamen) Electric Group Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.48, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 29x in the Electrical industry in China. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.42, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 27x in the Electrical industry in China. Total loss to shareholders of 7.1% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.088 (vs CN¥0.071 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.088 (up from CN¥0.071 in 2Q 2023). Revenue: CN¥356.2m (up 8.2% from 2Q 2023). Net income: CN¥45.7m (up 25% from 2Q 2023). Profit margin: 13% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Motic (Xiamen) Electric Group Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.062 (vs CN¥0.076 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.062 (down from CN¥0.076 in 1Q 2023). Revenue: CN¥298.3m (down 14% from 1Q 2023). Net income: CN¥31.8m (down 18% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.51 in FY 2022) Full year 2023 results: EPS: CN¥0.33 (down from CN¥0.51 in FY 2022). Revenue: CN¥1.37b (down 24% from FY 2022). Net income: CN¥168.8m (down 35% from FY 2022). Profit margin: 12% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 16
Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, May 21, 2024 Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, May 21, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Xiamen, Fujian China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.05, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 29x in the Electrical industry in China. Total loss to shareholders of 7.7% over the past three years. Buy Or Sell Opportunity • Apr 16
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to CN¥8.05. The fair value is estimated to be CN¥10.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Announcement • Mar 30
Motic (Xiamen) Electric Group Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Feb 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to CN¥8.66. The fair value is estimated to be CN¥10.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Buy Or Sell Opportunity • Feb 05
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 48% to CN¥7.08. The fair value is estimated to be CN¥10.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.58, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 27x in the Electrical industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Dec 30
Motic (Xiamen) Electric Group Co.,Ltd to Report Fiscal Year 2023 Results on Apr 16, 2024 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.085 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.085 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥350.5m (down 23% from 3Q 2022). Net income: CN¥44.1m (down 40% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥12.98, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 34x in the Electrical industry in China. Total returns to shareholders of 39% over the past three years. Announcement • Sep 30
Motic (Xiamen) Electric Group Co.,Ltd to Report Q3, 2023 Results on Oct 25, 2023 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 25, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.69, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.071 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥329.3m (down 26% from 2Q 2022). Net income: CN¥36.6m (down 42% from 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Motic (Xiamen) Electric Group Co.,Ltd Approves Board Appointments Motic (Xiamen) Electric Group Co.,Ltd at its Extraordinary General Meeting held on 26 July 2023, approved election and nomination of Yang Wenliang, Song Xiaomei, Shi Hong, Pan Weixing, Hu Chunhua and Zhang Kaiyu as non-independent directors and Election and nomination of Zhuang Songlin and Huang Yuguang as independent directors. Announcement • Jul 07
Motic (Xiamen) Electric Group Co.,Ltd Announces Final Profit Distribution for the Year 2022, Payable on 12 July 2023 Motic (Xiamen) Electric Group Co.,Ltd announced 2022 final profit distribution plan to be implemented (A shares): cash dividend (tax included) of CNY 1.09145900 per ten shares. Record date is 11 July 2023. Ex-date is 12 July 2023. Payment date is 12 July 2023. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.40, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 36x in the Electrical industry in China. Total returns to shareholders of 42% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.35 in FY 2021) Full year 2022 results: EPS: CN¥0.51 (up from CN¥0.35 in FY 2021). Revenue: CN¥1.79b (up 23% from FY 2021). Net income: CN¥261.1m (up 47% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to CN¥16.00, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 37x in the Electrical industry in China. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.77, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 37x in the Electrical industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.35 in FY 2021) Full year 2022 results: EPS: CN¥0.51 (up from CN¥0.35 in FY 2021). Revenue: CN¥1.78b (up 21% from FY 2021). Net income: CN¥260.2m (up 46% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). GM & Director Zesheng Yang is the most experienced director on the board, commencing their role in 2010. Independent Director Huan Liu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.095 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.095 in 3Q 2021). Revenue: CN¥456.1m (up 19% from 3Q 2021). Net income: CN¥73.3m (up 51% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 32% share price gain to CN¥10.33, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 34x in the Electrical industry in China. Total returns to shareholders of 74% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.072 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.072 in 2Q 2021). Revenue: CN¥446.0m (up 32% from 2Q 2021). Net income: CN¥63.2m (up 73% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Aug 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. No experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). GM & Director Zesheng Yang is the most experienced director on the board, commencing their role in 2010. Independent Director Huan Liu was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 22
Motic (Xiamen) Electric Group Co.,Ltd Implements Final Cash Dividend for 2021, Payable on 28 June 2022 Motic (Xiamen) Electric Group Co.,Ltd implemented final cash dividend per 10 shares (tax included) of CNY 0.69559600 for 2021. Record date is 27 June 2022. Ex-date is 28 June 2022. Payment date is 28 June 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.089 (vs CN¥0.069 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.089 (up from CN¥0.069 in 1Q 2021). Revenue: CN¥359.5m (up 24% from 1Q 2021). Net income: CN¥45.6m (up 30% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 6 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Supervisor Peikun Chen is the most experienced director on the board, commencing their role in 2020. Independent Director Wei Xiao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Apr 09
Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, Apr 28, 2022 Motic (Xiamen) Electric Group Co.,Ltd, Annual General Meeting, Apr 28, 2022, at 10:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual accounts and 2022 financial budget report; to 2021 annual report and its summary; to 2021 profit distribution plan; to 2022 estimated continuing connected transactions; and to consider other matter. Announcement • Apr 08
Motic (Xiamen) Electric Group Co.,Ltd Announces Cash Dividend for 2021 Motic (Xiamen) Electric Group Co.,Ltd announced on 7 April 2022 the profit distribution proposal for 2021 as cash dividend/10 shares (tax included): CNY 0.70000000. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in FY 2020) Full year 2021 results: EPS: CN¥0.35 (up from CN¥0.27 in FY 2020). Revenue: CN¥1.46b (up 23% from FY 2020). Net income: CN¥178.0m (up 28% from FY 2020). Profit margin: 12% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.36 (up from CN¥0.27 in FY 2020). Revenue: CN¥1.47b (up 24% from FY 2020). Net income: CN¥185.8m (up 34% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.095 (vs CN¥0.098 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥383.8m (up 12% from 3Q 2020). Net income: CN¥48.7m (down 2.6% from 3Q 2020). Profit margin: 13% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.072 (vs CN¥0.06 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥338.9m (up 18% from 2Q 2020). Net income: CN¥36.6m (up 18% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.60, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 39x in the Electrical industry in China. Total returns to shareholders of 144% over the past three years. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥10.00, the stock trades at a trailing P/E ratio of 31.6x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 93% over the past three years. Announcement • May 25
Motic (Xiamen) Electric Group Co.,Ltd Approves Cash Dividend for the Year 2020 Motic (Xiamen) Electric Group Co.,Ltd at its Annual General Meeting of 2020 on 21 May 2021, approved the cash dividend/10 shares (tax included): CNY 0.60000000 for the year 2020. Reported Earnings • Apr 13
Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.29 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.19b (up 6.1% from FY 2019). Net income: CN¥139.1m (down 6.2% from FY 2019). Profit margin: 12% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.27 (vs CN¥0.29 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.19b (up 6.2% from FY 2019). Net income: CN¥138.8m (down 6.4% from FY 2019). Profit margin: 12% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 25
Motic (Xiamen) Electric Group Co.,Ltd to Report Fiscal Year 2020 Results on Apr 13, 2021 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report fiscal year 2020 results on Apr 13, 2021 Is New 90 Day High Low • Feb 04
New 90-day low: CN¥7.93 The company is down 26% from its price of CN¥10.67 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 15% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.04, the stock is trading at a trailing P/E ratio of 33.6x, down from the previous P/E ratio of 40x. This compares to an average P/E of 35x in the Electrical industry in China. Total returns to shareholders over the past three years are 35%. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥10.11, the stock is trading at a trailing P/E ratio of 37.6x, up from the previous P/E ratio of 32.5x. This compares to an average P/E of 36x in the Electrical industry in China. Total returns to shareholders over the past three years are 57%. Is New 90 Day High Low • Dec 07
New 90-day low: CN¥8.86 The company is down 24% from its price of CN¥11.61 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 12% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥137.2m, down 13% from the prior year. Total revenue was CN¥1.15b over the last 12 months, up 6.0% from the prior year. Announcement • Oct 20
Motic (Xiamen) Electric Group Co.,Ltd to Report Q3, 2020 Results on Oct 27, 2020 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Aug 06
Motic (Xiamen) Electric Group Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Motic (Xiamen) Electric Group Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020 
