New Risk • May 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.08 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.08 in 1Q 2025). Revenue: CN¥6.24b (up 24% from 1Q 2025). Net income: CN¥131.6m (up 26% from 1Q 2025). Profit margin: 2.1% (in line with 1Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Apr 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Major Estimate Revision • Apr 08
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥35.1b to CN¥29.2b. EPS estimate fell from CN¥0.728 to CN¥0.71 per share. Net income forecast to grow 99% next year vs 33% growth forecast for Auto Components industry in China. Consensus price target down from CN¥17.04 to CN¥16.70. Share price rose 3.6% to CN¥12.45 over the past week. Announcement • Mar 30
Ningbo Jifeng Auto Parts Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.36 (up from CN¥0.46 loss in FY 2024). Revenue: CN¥22.8b (up 2.4% from FY 2024). Net income: CN¥453.6m (up CN¥1.02b from FY 2024). Profit margin: 2.0% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Ningbo Jifeng Auto Parts Co., Ltd., Annual General Meeting, Apr 23, 2026 Ningbo Jifeng Auto Parts Co., Ltd., Annual General Meeting, Apr 23, 2026, at 13:30 China Standard Time. Location: No. 388, Yuwangshan Road, Beilun District, Ningbo, Zhejiang China Price Target Changed • Jan 31
Price target increased by 8.0% to CN¥17.75 Up from CN¥16.44, the current price target is an average from 4 analysts. New target price is 20% above last closing price of CN¥14.81. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥0.41 next year compared to a net loss per share of CN¥0.46 last year. Announcement • Dec 26
Ningbo Jifeng Auto Parts Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.081 (vs CN¥0.66 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.081 (up from CN¥0.66 loss in 3Q 2024). Revenue: CN¥5.61b (down 4.9% from 3Q 2024). Net income: CN¥97.2m (up CN¥682.3m from 3Q 2024). Profit margin: 1.7% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Ningbo Jifeng Auto Parts Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.039 (vs CN¥0.02 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.039 (up from CN¥0.02 in 2Q 2024). Revenue: CN¥5.49b (down 4.1% from 2Q 2024). Net income: CN¥49.4m (up 45% from 2Q 2024). Profit margin: 0.9% (up from 0.6% in 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Ningbo Jifeng Auto Parts Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.02 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.08 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥5.04b (down 4.7% from 1Q 2024). Net income: CN¥104.4m (up 448% from 1Q 2024). Profit margin: 2.1% (up from 0.4% in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. 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 18% per year. Announcement • Mar 29
Ningbo Jifeng Auto Parts Co., Ltd., Annual General Meeting, Apr 28, 2025 Ningbo Jifeng Auto Parts Co., Ltd., Annual General Meeting, Apr 28, 2025, at 13:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Announcement • Mar 28
Ningbo Jifeng Auto Parts Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Ningbo Jifeng Auto Parts Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Price Target Changed • Nov 07
Price target increased by 11% to CN¥16.16 Up from CN¥14.61, the current price target is an average from 5 analysts. New target price is 21% above last closing price of CN¥13.36. Stock is down 5.9% over the past year. The company is forecast to post a net loss per share of CN¥0.09 compared to earnings per share of CN¥0.18 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.66 loss per share (vs CN¥0.076 profit in 3Q 2023) Third quarter 2024 results: CN¥0.66 loss per share (down from CN¥0.076 profit in 3Q 2023). Revenue: CN¥5.90b (up 7.2% from 3Q 2023). Net loss: CN¥585.1m (down CN¥656.8m from profit in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 30
Ningbo Jifeng Auto Parts Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Major Estimate Revision • Sep 24
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.282 to CN¥0.188 per share. Revenue forecast steady at CN¥24.2b. Net income forecast to grow 228% next year vs 35% growth forecast for Auto Components industry in China. Consensus price target of CN¥14.72 unchanged from last update. Share price rose 3.3% to CN¥12.02 over the past week. New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (10% increase in shares outstanding). Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥24.6b to CN¥24.3b. EPS estimate also fell from CN¥0.322 per share to CN¥0.282 per share. Net income forecast to grow 262% next year vs 35% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥15.02. Share price was steady at CN¥10.90 over the past week. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.019 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.019 in 2Q 2023). Revenue: CN¥5.72b (up 7.4% from 2Q 2023). Net income: CN¥34.1m (up 52% from 2Q 2023). Profit margin: 0.6% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 07
Xu Wanli completed the acquisition of 6.79% stake in Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) from Ningbo Dongzheng Jihan Investment Partnership (Limited Partnership) managed by Dongzheng Rongtong Investment Management Co., Ltd. Yu Wanli signed Share transfer agreement to acquire 6.79% stake in Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) from Ningbo Dongzheng Jihan Investment Partnership (Limited Partnership) managed by Dongzheng Rongtong Investment Management Co., Ltd. for approximately CNY 800 million on June 25, 2024. A cash consideration valued at CNY 9.35 per share will be paid for 86,000,000 shares. Before the transaction Yu held 0.03% in Ningbo Jifeng Auto Parts.
Yu Wanli completed the acquisition of 6.79% stake in Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) from Ningbo Dongzheng Jihan Investment Partnership (Limited Partnership) managed by Dongzheng Rongtong Investment Management Co., Ltd. on August 5, 2024. Announcement • Jun 28
Ningbo Jifeng Auto Parts Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Buy Or Sell Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥10.94. The fair value is estimated to be CN¥13.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 556% in the next 2 years. New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Major Estimate Revision • May 06
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.39 to CN¥0.344. Revenue forecast unchanged from CN¥24.7b at last update. Net income forecast to grow 249% next year vs 32% growth forecast for Auto Components industry in China. Consensus price target down from CN¥15.52 to CN¥14.46. Share price was steady at CN¥13.27 over the past week. Reported Earnings • Apr 27
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.18 (up from CN¥1.27 loss in FY 2022). Revenue: CN¥21.6b (up 20% from FY 2022). Net income: CN¥203.9m (up CN¥1.62b from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
Ningbo Jifeng Auto Parts Co., Ltd., Annual General Meeting, May 16, 2024 Ningbo Jifeng Auto Parts Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China New Risk • Mar 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risk Shareholders have been diluted in the past year (3.6% increase in shares outstanding). Announcement • Mar 29
Ningbo Jifeng Auto Parts Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Price Target Changed • Feb 02
Price target decreased by 12% to CN¥15.52 Down from CN¥17.58, the current price target is an average from 3 analysts. New target price is 50% above last closing price of CN¥10.33. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥0.22 next year compared to a net loss per share of CN¥1.27 last year. Announcement • Dec 29
Ningbo Jifeng Auto Parts Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.076 (vs CN¥0.086 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.076 (down from CN¥0.086 in 3Q 2022). Revenue: CN¥5.50b (up 20% from 3Q 2022). Net income: CN¥71.7m (down 21% from 3Q 2022). Profit margin: 1.3% (down from 2.0% in 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 31
Price target decreased by 8.6% to CN¥16.00 Down from CN¥17.51, the current price target is provided by 1 analyst. New target price is 9.1% above last closing price of CN¥14.66. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥0.29 next year compared to a net loss per share of CN¥1.27 last year. 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 6.0% 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: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (3.0% increase in shares outstanding). New Risk • Aug 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.019 (vs CN¥0.13 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.019 (up from CN¥0.13 loss in 2Q 2022). Revenue: CN¥5.33b (up 26% from 2Q 2022). Net income: CN¥22.4m (up CN¥153.1m from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Ningbo Jifeng Auto Parts Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.03 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.03 loss in 1Q 2022). Revenue: CN¥5.11b (up 22% from 1Q 2022). Net income: CN¥60.0m (up CN¥97.7m from 1Q 2022). Profit margin: 1.2% (up from net loss in 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Auto Components industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Huajun Xie was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.086 (vs CN¥0.029 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.086 (up from CN¥0.029 loss in 3Q 2021). Revenue: CN¥4.60b (up 22% from 3Q 2021). Net income: CN¥91.2m (up CN¥118.6m from 3Q 2021). Profit margin: 2.0% (up from net loss in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Buying Opportunity • Sep 30
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥14.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 12
Second quarter 2022 earnings released: CN¥0.13 loss per share (vs CN¥0.055 profit in 2Q 2021) Second quarter 2022 results: CN¥0.13 loss per share (down from CN¥0.055 profit in 2Q 2021). Revenue: CN¥4.23b (flat on 2Q 2021). Net loss: CN¥130.6m (down 315% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 18%, compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Price Target Changed • Jul 13
Price target increased to CN¥12.24 Up from CN¥10.74, the current price target is an average from 3 analysts. New target price is 10% above last closing price of CN¥11.12. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.12 last year. Announcement • Jun 20
Ningbo Jifeng Auto Parts Co., Ltd.(XSSC:603997) dropped from S&P Global BMI Index Ningbo Jifeng Auto Parts Co., Ltd.(XSSC:603997) dropped from S&P Global BMI Index Announcement • May 06
Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) announces an Equity Buyback for CNY 100 million worth of its shares. Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 3 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: CN¥0.03 loss per share (vs CN¥0.13 profit in 1Q 2021) First quarter 2022 results: CN¥0.03 loss per share (down from CN¥0.13 profit in 1Q 2021). Revenue: CN¥4.20b (down 7.3% from 1Q 2021). Net loss: CN¥37.6m (down 129% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target increased to CN¥11.24 Up from CN¥10.40, the current price target is an average from 3 analysts. New target price is 66% above last closing price of CN¥6.79. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.12 last year. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥7.68, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Auto Components industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.35 per share. Price Target Changed • Apr 02
Price target increased to CN¥11.24 Up from CN¥10.40, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥9.05. Stock is up 3.4% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.12 last year. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.12 (vs CN¥0.26 loss in FY 2020) Full year 2021 results: EPS: CN¥0.12 (up from CN¥0.26 loss in FY 2020). Revenue: CN¥16.8b (up 7.0% from FY 2020). Net income: CN¥126.4m (up CN¥384.6m from FY 2020). Profit margin: 0.8% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 33% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥10.42, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥14.16, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 106% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.029 loss per share (vs CN¥0.06 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥3.78b (down 13% from 3Q 2020). Net loss: CN¥27.3m (down 144% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.29 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥4.19b (up 55% from 2Q 2020). Net income: CN¥60.8m (up CN¥369.4m from 2Q 2020). Profit margin: 1.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.05 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥4.53b (up 14% from 1Q 2020). Net income: CN¥128.0m (up CN¥176.0m from 1Q 2020). Profit margin: 2.8% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 06
Price target increased to CN¥11.38 Up from CN¥10.40, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥8.50. Stock is down 29% over the past year. Reported Earnings • Apr 01
Full year 2020 earnings released: CN¥0.26 loss per share (vs CN¥0.29 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥15.7b (down 13% from FY 2019). Net loss: CN¥258.2m (down 187% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥7.41 The company is down 1.0% from its price of CN¥7.51 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 12% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: CN¥8.59 The company is up 21% from its price of CN¥7.11 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 8.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥225.4m, with earnings decreasing by CN¥388.5m from the prior year. Total revenue was CN¥19.4b over the last 12 months, up 26% from the prior year. Announcement • Oct 29
Ningbo Jifeng Auto Parts Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Announcement • Jul 06
Ningbo Jifeng Auto Parts Co., Ltd. to Report First Half, 2020 Results on Aug 14, 2020 Ningbo Jifeng Auto Parts Co., Ltd. announced that they will report first half, 2020 results on Aug 14, 2020