Board Change • May 20
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. 5 non-independent directors. Independent Director Bin Chen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CN¥18.90. The fair value is estimated to be CN¥23.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.29 (vs CN¥0.48 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.29 (down from CN¥0.48 in 1Q 2025). Revenue: CN¥1.62b (flat on 1Q 2025). Net income: CN¥74.7m (down 39% from 1Q 2025). Profit margin: 4.6% (down from 7.5% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.67 (down from CN¥1.79 in FY 2024). Revenue: CN¥6.69b (down 4.1% from FY 2024). Net income: CN¥429.2m (down 7.1% from FY 2024). Profit margin: 6.4% (down from 6.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Mar 30
Noblelift Intelligent Equipment Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Mar 25
Noblelift Intelligent Equipment Co.,Ltd., Annual General Meeting, Apr 16, 2026 Noblelift Intelligent Equipment Co.,Ltd., Annual General Meeting, Apr 16, 2026, at 14:00 China Standard Time. Location: Office Building, No. 528, Changzhou Road, Taihu Subdistrict, Changxing County, Zhejiang China Announcement • Dec 26
Noblelift Intelligent Equipment Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: CN¥0.59 (vs CN¥0.48 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.59 (up from CN¥0.48 in 3Q 2024). Revenue: CN¥1.81b (up 8.3% from 3Q 2024). Net income: CN¥150.4m (up 23% from 3Q 2024). Profit margin: 8.3% (up from 7.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 increased by 6% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 30
Noblelift Intelligent Equipment Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.48 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.47 (down from CN¥0.48 in 2Q 2024). Revenue: CN¥1.58b (down 8.1% from 2Q 2024). Net income: CN¥123.2m (down 1.4% from 2Q 2024). Profit margin: 7.8% (up from 7.3% 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 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.00, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 61% over the past three years. Announcement • Jun 30
Noblelift Intelligent Equipment Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • May 29
Dividend increased to CN¥0.90 Dividend of CN¥0.90 is 44% higher than last year. Ex-date: 3rd June 2025 Payment date: 3rd June 2025 Dividend yield will be 3.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% 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 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥22.91, the stock trades at a trailing P/E ratio of 12.6x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 01
Third quarter 2024 earnings released: EPS: CN¥0.48 (vs CN¥0.53 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.48 (down from CN¥0.53 in 3Q 2023). Revenue: CN¥1.67b (down 16% from 3Q 2023). Net income: CN¥122.5m (down 11% from 3Q 2023). Profit margin: 7.3% (up from 6.9% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Noblelift Intelligent Equipment Co.,Ltd., Annual General Meeting, May 19, 2025 Noblelift Intelligent Equipment Co.,Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: No. 528, Changzhou Road, Taihu Subdistrict, Changxing County, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.23, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 10% over the past three years. Announcement • Mar 28
Noblelift Intelligent Equipment Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Noblelift Intelligent Equipment Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 08, 2025 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 08, 2025 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥20.68, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Machinery industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.49 per share. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CN¥0.48 (vs CN¥0.53 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.48 (down from CN¥0.53 in 3Q 2023). Revenue: CN¥1.67b (down 16% from 3Q 2023). Net income: CN¥122.5m (down 11% from 3Q 2023). Profit margin: 7.3% (up from 6.9% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 31
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to CN¥17.68. The fair value is estimated to be CN¥14.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Buy Or Sell Opportunity • Oct 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to CN¥17.49. The fair value is estimated to be CN¥14.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Announcement • Sep 30
Noblelift Intelligent Equipment Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥18.67, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 8.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.40 per share. Buy Or Sell Opportunity • Sep 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to CN¥17.30. The fair value is estimated to be CN¥14.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Major Estimate Revision • Aug 28
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.77b to CN¥7.48b. EPS estimate fell from CN¥2.11 to CN¥2.02 per share. Net income forecast to grow 17% next year vs 41% growth forecast for Machinery industry in China. Consensus price target down from CN¥25.20 to CN¥19.60. Share price was steady at CN¥14.87 over the past week. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.48 (vs CN¥0.45 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.48 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥1.72b (up 3.6% from 2Q 2023). Net income: CN¥124.9m (up 6.2% from 2Q 2023). Profit margin: 7.3% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery 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 fallen by 9% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 25
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to CN¥15.44. The fair value is estimated to be CN¥12.75, however this is not to be taken as a sell 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 24%. Buy Or Sell Opportunity • Jul 09
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to CN¥15.49. The fair value is estimated to be CN¥12.76, however this is not to be taken as a sell 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 24%. Announcement • Jun 28
Noblelift Intelligent Equipment Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Declared Dividend • May 23
Dividend increased to CN¥0.62 Dividend of CN¥0.62 is 13% higher than last year. Ex-date: 27th May 2024 Payment date: 27th May 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CN¥0.45 (vs CN¥0.41 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.45 (up from CN¥0.41 in 1Q 2023). Revenue: CN¥1.75b (up 3.7% from 1Q 2023). Net income: CN¥115.4m (up 11% from 1Q 2023). Profit margin: 6.6% (up from 6.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.78 (up from CN¥1.56 in FY 2022). Revenue: CN¥6.96b (up 3.9% from FY 2022). Net income: CN¥457.7m (up 14% from FY 2022). Profit margin: 6.6% (up from 6.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 9.9%. Revenue is forecast to grow 28% 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 increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 19
Noblelift Intelligent Equipment Co.,Ltd., Annual General Meeting, May 13, 2024 Noblelift Intelligent Equipment Co.,Ltd., Annual General Meeting, May 13, 2024, at 14:00 China Standard Time. Location: No. 528, Changzhou Road, Taihu Subdistrict, Changxing County, Zhejiang China Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥23.21, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.25 per share. Announcement • Mar 29
Noblelift Intelligent Equipment Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥13.75, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 14x in the Machinery industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Dec 30
Noblelift Intelligent Equipment Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.37 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.53 (up from CN¥0.37 in 3Q 2022). Revenue: CN¥1.99b (up 29% from 3Q 2022). Net income: CN¥137.1m (up 45% from 3Q 2022). Profit margin: 6.9% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 23
Second quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.48 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.45 (down from CN¥0.48 in 2Q 2022). Revenue: CN¥1.66b (up 12% from 2Q 2022). Net income: CN¥117.6m (down 5.8% from 2Q 2022). Profit margin: 7.1% (down from 8.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% 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 increased by 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 20
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.56 (up from CN¥1.17 in FY 2021). Revenue: CN¥6.70b (up 14% from FY 2021). Net income: CN¥402.2m (up 34% from FY 2021). Profit margin: 6.0% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 6.8%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥22.48, 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 10% over the past three years. Board Change • Nov 16
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. 8 experienced directors. No highly experienced directors. Chairman Yi Ding was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.24 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.24 in 3Q 2021). Revenue: CN¥1.54b (up 5.5% from 3Q 2021). Net income: CN¥94.3m (up 46% from 3Q 2021). Profit margin: 6.1% (up from 4.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 14% 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 • Oct 18
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥17.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 23% over the past three years. Price Target Changed • Sep 07
Price target increased to CN¥20.25 Up from CN¥18.58, the current price target is provided by 1 analyst. New target price is 11% above last closing price of CN¥18.30. Stock is down 4.7% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥1.17 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.39 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.48 (up from CN¥0.39 in 2Q 2021). Revenue: CN¥1.48b (up 2.1% from 2Q 2021). Net income: CN¥124.9m (up 20% from 2Q 2021). Profit margin: 8.4% (up from 7.2% in 2Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 36% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.25 in 1Q 2021). Revenue: CN¥1.66b (up 23% from 1Q 2021). Net income: CN¥72.2m (up 8.2% from 1Q 2021). Profit margin: 4.3% (down from 4.9% in 1Q 2021). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 16%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CN¥18.58 Down from CN¥21.36, the current price target is provided by 1 analyst. New target price is 29% above last closing price of CN¥14.37. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of CN¥1.34 for next year compared to CN¥1.17 last year. Board Change • Apr 27
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.17 (up from CN¥0.91 in FY 2020). Revenue: CN¥5.89b (up 44% from FY 2020). Net income: CN¥300.2m (up 24% from FY 2020). Profit margin: 5.1% (down from 5.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 16%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.84, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Machinery industry in China. Total returns to shareholders of 85% over the past three years. Price Target Changed • Nov 04
Price target decreased to CN¥21.36 Down from CN¥22.97, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥17.64. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of CN¥1.11 for next year compared to CN¥0.91 last year. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.26 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.46b (up 50% from 3Q 2020). Net income: CN¥64.8m (down 2.7% from 3Q 2020). Profit margin: 4.4% (down from 6.8% 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 11% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥21.45, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 112% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.39 (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¥1.45b (up 64% from 2Q 2020). Net income: CN¥104.5m (up 58% from 2Q 2020). Profit margin: 7.2% (down from 7.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥16.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Machinery industry in China. Total returns to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥15.65, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Machinery industry in China. Negligible returns to shareholders over past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.25 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.36b (up 30% from 1Q 2020). Net income: CN¥66.7m (up 1.8% from 1Q 2020). Profit margin: 4.9% (down from 6.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 20
Price target decreased to CN¥16.42 Down from CN¥22.04, the current price target is provided by 1 analyst. New target price is 23% above last closing price of CN¥13.32. Stock is down 23% over the past year. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.91 (vs CN¥0.93 in FY 2019) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: CN¥4.08b (up 32% from FY 2019). Net income: CN¥242.4m (flat on FY 2019). Profit margin: 5.9% (down from 7.8% 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 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥12.90 The company is down 33% from its price of CN¥19.28 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥13.70 The company is down 24% from its price of CN¥17.98 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥16.52 The company is down 14% from its price of CN¥19.24 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.07 per share. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥16.80 The company is down 22% from its price of CN¥21.58 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.70 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥252.7m, up 14% from the prior year. Total revenue was CN¥3.92b over the last 12 months, up 40% from the prior year. Is New 90 Day High Low • Sep 23
New 90-day low: CN¥18.61 The company is down 10.0% from its price of CN¥20.60 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥12.26 per share. Announcement • Sep 19
Wang Cheng, Rao Benxiao, Wu Yaqiang and Zhou Yang acquired 31% stake in Zhejiang Noblelift Garage Equipment Manufacturing Co., Ltd. from Zhejiang Noblelift Equipment Joint Stock Co., Ltd. (SHSE:603611) Wang Cheng, Rao Benxiao, Wu Yaqiang and Zhou Yang acquired 31% stake in Zhejiang Noblelift Garage Equipment Manufacturing Co., Ltd. from Zhejiang Noblelift Equipment Joint Stock Co., Ltd. (SHSE:603611) recently. After this equity transfer, Zhejiang Noblelift Equipment Joint Stock Co. will hold 69% stake, Wang Cheng will hold 10% stake, Rao Benxiao will hold 10% stake, Wu Yaqiang will hold 8% stake and Zhou Yang will hold 3% stake in Zhejiang Noblelift Garage Equipment Manufacturing Co. This transaction does not need approvals from the directorate and shareholders’ meeting. Announcement • Jul 17
Noblelift Intelligent Equipment Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Noblelift Intelligent Equipment Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020