Announcement • Jun 30
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Price Target Changed • Jun 26
Price target decreased by 19% to CN¥18.00 Down from CN¥22.33, the current price target is provided by 1 analyst. New target price is 73% above last closing price of CN¥10.38. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥1.87 last year. Declared Dividend • May 25
Dividend of CN¥0.60 announced Shareholders will receive a dividend of CN¥0.60. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 9.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 32% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to decline by 5.5% over the next year. However, it would need to fall by 25% to increase the payout ratio to a potentially unsustainable range. New Risk • Apr 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 22
First quarter 2026 earnings released: CN¥0.074 loss per share (vs CN¥0.17 profit in 1Q 2025) First quarter 2026 results: CN¥0.074 loss per share (down from CN¥0.17 profit in 1Q 2025). Revenue: CN¥1.02b (down 23% from 1Q 2025). Net loss: CN¥38.9m (down 145% from profit in 1Q 2025). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 22
Zhejiang Qianjiang Motorcycle Co., Ltd., Annual General Meeting, May 14, 2026 Zhejiang Qianjiang Motorcycle Co., Ltd., Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Announcement • Mar 31
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.67, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Auto industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.06 per share. Announcement • Dec 31
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.098 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.098 (down from CN¥0.22 in 3Q 2024). Revenue: CN¥1.35b (down 19% from 3Q 2024). Net income: CN¥51.1m (down 57% from 3Q 2024). Profit margin: 3.8% (down from 7.1% in 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.41 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.34 (down from CN¥0.41 in 2Q 2024). Revenue: CN¥1.74b (down 9.2% from 2Q 2024). Net income: CN¥182.6m (down 13% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • May 23
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but not covered by cash flows (204% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
Zhejiang Qianjiang Motorcycle Co., Ltd Approves the Cash Dividend Zhejiang Qianjiang Motorcycle Co., Ltd. at its Annual General Meeting of 2024 held on 16 May 2025, approved the cash dividend/10 shares (tax included) of CNY 4.00000000. Announcement • Apr 23
Zhejiang Qianjiang Motorcycle Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 4.00000000 for the year 2024. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.27 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.27 in 1Q 2024). Revenue: CN¥1.33b (flat on 1Q 2024). Net income: CN¥86.7m (down 38% from 1Q 2024). Profit margin: 6.5% (down from 10% in 1Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Zhejiang Qianjiang Motorcycle Co., Ltd., Annual General Meeting, May 16, 2025 Zhejiang Qianjiang Motorcycle Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Announcement • Mar 31
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Dec 31
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥1.66b (up 38% from 3Q 2023). Net income: CN¥117.6m (down 9.5% from 3Q 2023). Profit margin: 7.1% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Auto industry in China. 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Zhejiang Qianjiang Motorcycle Co., Ltd. Announces Interim Cash Dividend on A Shares for the Year 2024, Payable on 31 October 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. announced interim cash dividend of CNY 3.80 per 10 shares on A shares (tax included) for the year 2024. Record date: 30 October 2024, Ex-date: 31 October 2024 and Payment date: 31 October 2024. Announcement • Sep 30
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Auto industry in China. Total returns to shareholders of 49% over the past three years. Price Target Changed • Aug 29
Price target decreased by 15% to CN¥21.69 Down from CN¥25.58, the current price target is an average from 3 analysts. New target price is 32% above last closing price of CN¥16.40. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.88 last year. Announcement • Aug 29
Zhejiang Qianjiang Motorcycle Co., Ltd. Proposes Dividend for the First Half of 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. proposed Cash dividend/10 shares (tax included): CNY 3.80000000 for the first half of 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.40 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.41 (up from CN¥0.40 in 2Q 2023). Revenue: CN¥1.91b (up 23% from 2Q 2023). Net income: CN¥209.4m (up 1.6% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto industry in China. 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. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥16.68, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Auto industry in China. Total returns to shareholders of 17% over the past three years. Announcement • Jun 29
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥22.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 15x in the Auto industry in China. Total returns to shareholders of 23% over the past three years. New Risk • May 09
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 9.3% 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 (9.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.19, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Auto industry in China. Total loss to shareholders of 29% over the past three years. Price Target Changed • Apr 20
Price target increased by 25% to CN¥19.82 Up from CN¥15.87, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥15.80. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥0.88 last year. Announcement • Apr 19
Zhejiang Qianjiang Motorcycle Co., Ltd., Annual General Meeting, May 10, 2024 Zhejiang Qianjiang Motorcycle Co., Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Reported Earnings • Apr 19
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥0.88. Revenue: CN¥5.10b (down 9.7% from FY 2022). Net income: CN¥464.0m (up 11% from FY 2022). Profit margin: 9.1% (up from 7.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Auto industry in China. Announcement • Mar 30
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.07, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Auto industry in China. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.36, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Auto industry in China. Total loss to shareholders of 61% over the past three years. Announcement • Dec 29
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.46 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥1.20b (down 37% from 3Q 2022). Net income: CN¥130.0m (down 38% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.40 (up from CN¥0.35 in 2Q 2022). Revenue: CN¥1.56b (down 5.5% from 2Q 2022). Net income: CN¥206.1m (up 25% from 2Q 2022). Profit margin: 13% (up from 10.0% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Jul 16
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: 1.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Jul 10
Zhejiang Qianjiang Motorcycle Co., Ltd. Announces Final cash Profit Distribution Plan to Be Implemented (A Shares) of 2022, Payable on 13 July 2023 Zhejiang Qianjiang Motorcycle Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend per10 shares (tax included) of CNY 2.40000000. Record date: 12 July 2023. Ex-date: 13 July 2023Payment date: 13 July 2023. Announcement • Jul 01
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 16
Full year 2022 earnings released: EPS: CN¥0.91 (vs CN¥0.52 in FY 2021) Full year 2022 results: EPS: CN¥0.91 (up from CN¥0.52 in FY 2021). Revenue: CN¥5.65b (up 31% from FY 2021). Net income: CN¥417.7m (up 76% from FY 2021). Profit margin: 7.4% (up from 5.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.38, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Auto industry in China. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥22.81, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Auto industry in China. Total returns to shareholders of 100% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Bo Xu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥23.08, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Auto industry in China. Total returns to shareholders of 95% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.46 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.46 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥1.90b (up 44% from 3Q 2021). Net income: CN¥210.1m (up 102% from 3Q 2021). Profit margin: 11% (up from 7.9% in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Auto industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥1.65b (up 36% from 2Q 2021). Net income: CN¥165.2m (up 47% from 2Q 2021). Profit margin: 10.0% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.10, the stock trades at a trailing P/E ratio of 50.7x. Average trailing P/E is 40x in the Auto industry in China. Total returns to shareholders of 156% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥18.45, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 41x in the Auto industry in China. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥16.50, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 37x in the Auto industry in China. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.00, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 36x in the Auto industry in China. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥13.15, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 28x in the Auto industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.13 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.08 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥929.6m (up 1.5% from 1Q 2021). Net income: CN¥34.8m (down 41% from 1Q 2021). Profit margin: 3.7% (down from 6.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Non-Independent Director Jinliang Liu was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.30 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¥1.32b (up 15% from 3Q 2020). Net income: CN¥103.9m (down 23% from 3Q 2020). Profit margin: 7.9% (down from 12% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.27 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥1.22b (up 24% from 2Q 2020). Net income: CN¥112.4m (up 3.1% from 2Q 2020). Profit margin: 9.2% (down from 11% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥13.19, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 25x in the Auto industry in China. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥20.76, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 28x in the Auto industry in China. Total returns to shareholders of 44% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.53 (vs CN¥0.50 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥3.61b (down 4.5% from FY 2019). Net income: CN¥239.5m (up 5.1% from FY 2019). Profit margin: 6.6% (up from 6.0% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 02
New 90-day high: CN¥28.79 The company is up 12% from its price of CN¥25.70 on 02 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is down 16% over the same period. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥27.78, the stock is trading at a trailing P/E ratio of 67.5x, up from the previous P/E ratio of 55x. This compares to an average P/E of 49x in the Auto industry in China. Total returns to shareholders over the past three years are 66%. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥26.86, the stock is trading at a trailing P/E ratio of 65.2x, up from the previous P/E ratio of 54.4x. This compares to an average P/E of 58x in the Auto industry in China. Total returns to shareholders over the past three years are 49%. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥22.39, the stock is trading at a trailing P/E ratio of 54.4x, down from the previous P/E ratio of 64.5x. This compares to an average P/E of 55x in the Auto industry in China. Total returns to shareholders over the past three years are 24%. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥188.3m, down 35% from the prior year. Total revenue was CN¥3.53b over the last 12 months, up 4.4% from the prior year. Valuation Update With 7 Day Price Move • Oct 26
Market bids up stock over the past week After last week's 18% share price gain to CN¥27.29, the stock is trading at a trailing P/E ratio of 46.9x, up from the previous P/E ratio of 39.7x. This compares to an average P/E of 50x in the Auto industry in China. Total returns to shareholders over the past three years are 58%. Is New 90 Day High Low • Oct 26
New 90-day high: CN¥27.29 The company is up 57% from its price of CN¥17.35 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 12% over the same period. Announcement • Aug 14
Zhejiang Qianjiang Motorcycle Co., Ltd. to Report First Half, 2020 Results on Aug 31, 2020 Zhejiang Qianjiang Motorcycle Co., Ltd. announced that they will report first half, 2020 results on Aug 31, 2020