Announcement • Jun 30
Zhejiang Wanliyang Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Zhejiang Wanliyang Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 28
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 50% lower than last year. Ex-date: 2nd July 2026 Payment date: 2nd July 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (33% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years. Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.18 in FY 2024) Full year 2025 results: EPS: CN¥0.18 (in line with FY 2024). Revenue: CN¥5.45b (down 9.3% from FY 2024). Net income: CN¥240.1m (flat on FY 2024). Profit margin: 4.4% (up from 4.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 21
Zhejiang Wanliyang Co., Ltd., Annual General Meeting, May 11, 2026 Zhejiang Wanliyang Co., Ltd., Annual General Meeting, May 11, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Jinhua, Zhejiang China Announcement • Mar 31
Zhejiang Wanliyang Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Zhejiang Wanliyang Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Zhejiang Wanliyang Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Zhejiang Wanliyang Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.049 (vs CN¥0.06 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.049 (down from CN¥0.06 in 3Q 2024). Revenue: CN¥1.39b (down 11% from 3Q 2024). Net income: CN¥64.1m (down 12% from 3Q 2024). Profit margin: 4.6% (down from 4.7% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Wanliyang Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Zhejiang Wanliyang Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.07 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.07 in 2Q 2024). Revenue: CN¥1.49b (down 2.2% from 2Q 2024). Net income: CN¥168.8m (up 80% from 2Q 2024). Profit margin: 11% (up from 6.2% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10.0% to CN¥7.40. The fair value is estimated to be CN¥6.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jul 02
Zhejiang Wanliyang Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Zhejiang Wanliyang Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Declared Dividend • Jun 13
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.2% EPS decline seen over the last 5 years. Buy Or Sell Opportunity • May 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥7.69. The fair value is estimated to be CN¥6.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Apr 25
Zhejiang Wanliyang Co., Ltd. Proposes Final Cash Dividend for 2024 Zhejiang Wanliyang Co., Ltd. proposed final cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.23 in FY 2023) Full year 2024 results: EPS: CN¥0.18 (down from CN¥0.23 in FY 2023). Revenue: CN¥6.01b (up 1.7% from FY 2023). Net income: CN¥240.0m (down 20% from FY 2023). Profit margin: 4.0% (down from 5.1% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Zhejiang Wanliyang Co., Ltd., Annual General Meeting, May 13, 2025 Zhejiang Wanliyang Co., Ltd., Annual General Meeting, May 13, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Jinhua, Zhejiang China Buy Or Sell Opportunity • Apr 08
Now 26% undervalued Over the last 90 days, the stock has risen 8.3% to CN¥6.29. The fair value is estimated to be CN¥8.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 59%. New Risk • Apr 07
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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Paying a dividend despite having no free cash flows. Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Announcement • Mar 31
Zhejiang Wanliyang Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Wanliyang Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥9.30, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 43x in the Machinery industry in China. Total returns to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.77, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 40x in the Machinery industry in China. Total loss to shareholders of 5.6% over the past three years. Buy Or Sell Opportunity • Feb 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to CN¥6.54. The fair value is estimated to be CN¥8.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 59%. Announcement • Dec 31
Zhejiang Wanliyang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Zhejiang Wanliyang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Buy Or Sell Opportunity • Dec 12
Now 21% undervalued Over the last 90 days, the stock has risen 48% to CN¥7.00. The fair value is estimated to be CN¥8.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 59%. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.44, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 36x in the Machinery industry in China. Total loss to shareholders of 57% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.051 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.051 in 3Q 2023). Revenue: CN¥1.56b (up 2.4% from 3Q 2023). Net income: CN¥72.9m (up 3.4% from 3Q 2023). Profit margin: 4.7% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.36, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 54% over the past three years. Announcement • Sep 30
Zhejiang Wanliyang Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Zhejiang Wanliyang Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥6.05, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.09 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.07 (down from CN¥0.09 in 2Q 2023). Revenue: CN¥1.52b (up 8.2% from 2Q 2023). Net income: CN¥93.6m (down 21% from 2Q 2023). Profit margin: 6.2% (down from 8.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Aug 04
Zhejiang Wanliyang Co., Ltd. Approves Qi Shilonga as Non-Independent Director Zhejiang Wanliyang Co., Ltd. held its 1st Extraordinary General Meeting of 2024 on 01 August 2024 were approved Qi Shilonga as non-independent director. Buy Or Sell Opportunity • Jul 02
Now 7.9% overvalued Over the last 90 days, the stock has fallen 23% to CN¥4.83. The fair value is estimated to be CN¥4.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has grown by 6.9%. New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 151% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.4% net profit margin). Announcement • Jun 29
Zhejiang Wanliyang Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Zhejiang Wanliyang Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Buy Or Sell Opportunity • Jun 18
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to CN¥5.38. The fair value is estimated to be CN¥4.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 16% in a year. Earnings are forecast to grow by 105% in the next year. Announcement • May 31
Zhejiang Wanliyang Co., Ltd. Announces 2023 Final Profit Distribution on A Shares, Payable on 07 June 2024 Zhejiang Wanliyang Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 3.00000000. Record date is 06 June 2024, Ex-date is 07 June 2024 and Payment date is 07 June 2024. New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 6.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 151% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (4.4% net profit margin). Announcement • Apr 27
Zhejiang Wanliyang Co., Ltd. Proposes Cash Dividend for 2023 Zhejiang Wanliyang Co., Ltd. announced on 25 April 2024 the profit distribution proposal for 2023: cash dividend/10 shares (tax included) of CNY 3.00000000. Announcement • Apr 26
Zhejiang Wanliyang Co., Ltd., Annual General Meeting, May 15, 2024 Zhejiang Wanliyang Co., Ltd., Annual General Meeting, May 15, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Jinhua, Zhejiang China Reported Earnings • Apr 25
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.23 (in line with FY 2022). Revenue: CN¥5.91b (up 16% from FY 2022). Net income: CN¥301.1m (flat on FY 2022). Profit margin: 5.1% (down from 5.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Announcement • Mar 30
Zhejiang Wanliyang Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Wanliyang Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥5.11, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 23% over the past three years. Announcement • Dec 30
Zhejiang Wanliyang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Zhejiang Wanliyang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.051 (vs CN¥0.082 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.051 (down from CN¥0.082 in 3Q 2022). Revenue: CN¥1.52b (up 15% from 3Q 2022). Net income: CN¥70.5m (down 25% from 3Q 2022). Profit margin: 4.6% (down from 7.2% in 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery 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 only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Zhejiang Wanliyang Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Zhejiang Wanliyang Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Announcement • Jul 01
Zhejiang Wanliyang Co., Ltd. to Report First Half, 2023 Results on Aug 23, 2023 Zhejiang Wanliyang Co., Ltd. announced that they will report first half, 2023 results on Aug 23, 2023 Reported Earnings • Apr 26
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.23 (up from CN¥0.57 loss in FY 2021). Revenue: CN¥5.11b (down 6.6% from FY 2021). Net income: CN¥300.1m (up CN¥1.05b from FY 2021). Profit margin: 5.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target decreased to CN¥8.00 Down from CN¥14.00, the current price target is provided by 1 analyst. New target price is 6.0% below last closing price of CN¥8.51. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥0.40 next year compared to a net loss per share of CN¥0.57 last year. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Liequn Huang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.082 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.082 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥1.32b (down 15% from 3Q 2021). Net income: CN¥94.4m (down 53% from 3Q 2021). Profit margin: 7.2% (down from 13% in 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Board Change • Aug 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Liequn Huang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥1.06b (down 26% from 2Q 2021). Net income: CN¥68.5m (down 51% from 2Q 2021). Profit margin: 6.5% (down from 9.9% in 2Q 2021). Over the next year, revenue is forecast to grow 45%, compared to a 36% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥1.27b (down 6.5% from 1Q 2021). Net income: CN¥94.3m (down 45% from 1Q 2021). Profit margin: 7.5% (down from 13% in 1Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 206%. Over the next year, revenue is forecast to grow 34%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥0.57 loss per share (down from CN¥0.47 profit in FY 2020). Revenue: CN¥5.48b (down 9.7% from FY 2020). Net loss: CN¥747.5m (down 221% from profit in FY 2020). Revenue missed analyst estimates by 22%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 56%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥8.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.30 per share. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.18 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.56b (down 1.8% from 3Q 2020). Net income: CN¥199.4m (down 14% from 3Q 2020). Profit margin: 13% (down from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.36, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 129% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.23 per share. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.12 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.42b (down 3.5% from 2Q 2020). Net income: CN¥140.6m (down 10% from 2Q 2020). Profit margin: 9.9% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Non-Independent Director & Secretary of the Board Leigang Zhang was the last director to join the board, commencing their role in 2021. Announcement • May 13
Zhejiang Wanliyang Co., Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on May 19, 2021 Zhejiang Wanliyang Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares), payable on May 19, 2021. The company announced Cash dividend/10 shares (tax included) of CNY 4.50000000. The record date is May 18, 2021. Ex-date date is May 19, 2021. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.47 (vs CN¥0.30 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.06b (up 19% from FY 2019). Net income: CN¥617.3m (up 54% from FY 2019). Profit margin: 10% (up from 7.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Announcement • Mar 09
Zhejiang Wanliyang Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Zhejiang Wanliyang Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Feb 01
New 90-day low: CN¥7.19 The company is down 37% from its price of CN¥11.40 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥8.13 The company is down 19% from its price of CN¥10.02 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.31 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥8.58 The company is down 16% from its price of CN¥10.20 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.17 per share. Is New 90 Day High Low • Dec 04
New 90-day low: CN¥9.53 The company is down 9.0% from its price of CN¥10.42 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.88 per share. Announcement • Nov 20
Zhejiang Wanliyang Co., Ltd. (SZSE:002434) signed the agreement to acquire Liaoning Yixing Auto Parts Co., Ltd. from Liaoning Jinxing Automotive Interiors Co., Ltd. for approximately CNY 230 million. Zhejiang Wanliyang Co., Ltd. (SZSE:002434) signed the agreement to acquire Liaoning Yixing Auto Parts Co., Ltd. from Liaoning Jinxing Automotive Interiors Co., Ltd. for approximately CNY 230 million on November 18, 2020. As of October 31, 2020, Liaoning Yixing Auto Parts Co., Ltd. has reported net loss of CNY 200, total assets of CNY 233.87 million and net assets of CNY 233.869 million. The Board of Directors of Zhejiang Wanliyang Co., Ltd. has approved the transaction and doesn't required its shareholders approval. Valuation Update With 7 Day Price Move • Oct 26
Market bids up stock over the past week After last week's 22% share price gain to CN¥12.06, the stock is trading at a trailing P/E ratio of 28.5x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 43x in the Machinery industry in China. Total returns to shareholders over the past three years are 9.7%. Is New 90 Day High Low • Oct 21
New 90-day high: CN¥11.34 The company is up 22% from its price of CN¥9.31 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.92 per share. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥561.5m, up 69% from the prior year. Total revenue was CN¥5.95b over the last 12 months, up 34% from the prior year. Announcement • Oct 16
Zhejiang Wanliyang Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Zhejiang Wanliyang Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Price Target Changed • Oct 01
Price target raised to CN¥13.00 Up from CN¥11.60, the current price target is an average from 2 analysts. The new target price is 36% above the current share price of CN¥9.54. As of last close, the stock is up 33% over the past year. Announcement • Aug 07
Zhejiang Wanliyang Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Zhejiang Wanliyang Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 Announcement • Jul 30
Zhejiang Wanliyang Co., Ltd. (SZSE:002434) completed the acquisition of 5.3% stake in Insigma Technology Co., Ltd. (SHSE:600797) from Zhejiang Zheda Insigma Group Co., Ltd. Zhejiang Wanliyang Co., Ltd. (SZSE:002434) signed a share transfer agreement to acquire 5.3% stake in Insigma Technology Co., Ltd. (SHSE:600797) from Zhejiang Zheda Insigma Group Co., Ltd. for approximately CNY 500 million on March 26, 2020. The offer per share is CNY 9.
Zhejiang Wanliyang Co., Ltd. (SZSE:002434) completed the acquisition of 5.3% stake in Insigma Technology Co., Ltd. (SHSE:600797) from Zhejiang Zheda Insigma Group Co., Ltd. on May 13, 2020. The transfer registration procedures of the transaction was completed and obtained the transfer registration confirmation issued by China Securities Depository and Clearing Co., Ltd. 
