Announcement • Jun 30
Sanlux Co.,Ltd to Report First Half, 2026 Results on Aug 24, 2026 Sanlux Co.,Ltd announced that they will report first half, 2026 results on Aug 24, 2026 Declared Dividend • Jun 15
Dividend reduced to CN¥0.015 Dividend of CN¥0.015 is 50% lower than last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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. Announcement • Apr 29
Sanlux Co.,Ltd, Annual General Meeting, May 22, 2026 Sanlux Co.,Ltd, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.04 in FY 2024) Full year 2025 results: EPS: CN¥0.02 (down from CN¥0.04 in FY 2024). Revenue: CN¥1.05b (up 18% from FY 2024). Net income: CN¥18.4m (down 45% from FY 2024). Profit margin: 1.7% (down from 3.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 44% 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. Announcement • Mar 31
Sanlux Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Sanlux Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Sanlux Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Sanlux Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Oct 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 217% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 217% Paying a dividend despite having no free cash flows. Earnings have declined by 35% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Sep 30
Sanlux Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Sanlux Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Board Change • Aug 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Shichao Tu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director, Financial Director & Accounting Supervisor Ping He was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Sanlux Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Sanlux Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 09
Dividend of CN¥0.03 announced Dividend of CN¥0.03 is the same as last year. Ex-date: 10th June 2025 Payment date: 10th June 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (50% 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 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Announcement • May 27
Sanlux Co.,Ltd Approves Cash Dividend for 2024 Sanlux Co.,Ltd announced that at its Annual General Meeting of 2024 on 23 May 2025, approved Cash dividend per 10 shares (tax included) of CNY 0.30000000 for 2024. New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.8% net profit margin). Announcement • Apr 29
Sanlux Co.,Ltd, Annual General Meeting, May 23, 2025 Sanlux Co.,Ltd, Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Announcement • Mar 31
Sanlux Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Sanlux Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Sanlux Co.,Ltd to Report Fiscal Year 2024 Results on Apr 28, 2025 Sanlux Co.,Ltd announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.035 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.035 in 3Q 2023). Revenue: CN¥239.4m (up 24% from 3Q 2023). Net income: CN¥39.5m (up 64% from 3Q 2023). Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Oct 15
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director, Financial Director & Accounting Supervisor Ping He was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Sanlux Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Sanlux Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Shareholders have been diluted in the past year (27% increase in shares outstanding). Announcement • Jun 29
Sanlux Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Sanlux Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • Jun 15
Dividend reduced to CN¥0.03 Dividend of CN¥0.03 is 40% lower than last year. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 0.7%, 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 11% EPS decline seen over the last 5 years. Announcement • May 26
Sanlux Co.,Ltd Approves Cash Dividend for the Year 2023 Sanlux Co.,Ltd held its Annual General Meeting of 2023 on 23 May 2024, approved the cash dividend (tax included) of CNY 0.30000000 per 10 shares for the year 2023. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.01 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.006 (down from CN¥0.01 in 1Q 2023). Revenue: CN¥136.5m (down 27% from 1Q 2023). Net income: CN¥5.50m (down 9.8% from 1Q 2023). Profit margin: 4.0% (up from 3.3% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% 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. Announcement • May 01
Sanlux Co.,Ltd, Annual General Meeting, May 23, 2024 Sanlux Co.,Ltd, Annual General Meeting, May 23, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.17, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 21% over the past three years. Announcement • Apr 10
Sanlux Co.,Ltd Approves Board Elections Sanlux Co.,Ltd at its Extraordinary General Meeting held on 08 April 2024 approved election of He Ping as non-independent director, Chen Yadong, Chen Qiyao and Tu Shichao as independent directors. Board Change • Apr 01
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. 4 experienced directors. 3 highly experienced directors. Independent Director Jianhua Jiang was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 30
Sanlux Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Sanlux Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Earnings have declined by 6.8% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (24% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥3.69, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 24x in the Machinery industry in China. Total loss to shareholders of 31% over the past three years. Announcement • Dec 30
Sanlux Co.,Ltd to Report Fiscal Year 2023 Results on Apr 29, 2024 Sanlux Co.,Ltd announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.035 (vs CN¥0.025 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.035 (up from CN¥0.025 in 3Q 2022). Revenue: CN¥193.2m (up 28% from 3Q 2022). Net income: CN¥24.1m (up 49% from 3Q 2022). Profit margin: 13% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.051 (vs CN¥0.073 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.051 (down from CN¥0.073 in 2Q 2022). Revenue: CN¥205.4m (down 28% from 2Q 2022). Net income: CN¥48.4m (down 27% from 2Q 2022). Profit margin: 24% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jun 10
Sanlux Co.,Ltd Announces Final Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Sanlux Co.,Ltd announced final cash dividend/10 shares (tax included) of CNY 0.50000000 on A shares for the year 2022. Record date is June 15, 2023. Ex-date is May June 16, 2023. Payment date is June 16, 2023. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.06 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.025 (down from CN¥0.06 in 3Q 2021). Revenue: CN¥242.6m (down 11% from 3Q 2021). Net income: CN¥16.5m (down 60% from 3Q 2021). Profit margin: 6.8% (down from 15% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.067 (vs CN¥0.097 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.067. Revenue: CN¥285.8m (up 24% from 2Q 2021). Net income: CN¥66.7m (up 3.8% from 2Q 2021). Profit margin: 23% (down from 28% in 2Q 2021). The decrease in margin was driven by higher expenses. Announcement • Jun 18
Sanlux Co.,Ltd Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 23, 2022 Sanlux Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares), Payable on June 23, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.20000000. The record date is June 22, 2022 and ex-date is June 23, 2022. Announcement • May 28
Sanlux Co.,Ltd Announces Cash Dividend for 2021 Sanlux Co.,Ltd held its Annual General Meeting of 2021 on 25 May 2022 announced Cash dividend/10 shares (tax included): CNY 0.20000000. Announcement • May 08
Sanlux Proposes Final Cash Dividend for the Year 2021 Sanlux announced on May 5, 2022, the profit distribution proposal of final cash dividend of CNY 0.20000000 per ten shares (tax included) for the year 2021. Announcement • May 07
Sanlux Co.,Ltd, Annual General Meeting, May 25, 2022 Sanlux Co.,Ltd, Annual General Meeting, May 25, 2022, at 14:00 China Standard Time. Agenda: To consider the Company's eligibility for non-public A-share offering; to consider plan for 2022 non-public A-share offering; to consider preplan for 2022 non-public A-share offering; to consider feasibility analysis report on the use of funds to be raised from the 2022 non-public share offering; to consider diluted immediate return after the 2022 non-public share offering, filling measures and commitments of relevant parties; to consider shareholder return plan for the next three years from 2022 to 2024; and to consider other matters. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.01 loss per share (vs CN¥0.01 profit in 1Q 2021) First quarter 2022 results: CN¥0.01 loss per share (down from CN¥0.01 profit in 1Q 2021). Revenue: CN¥167.6m (down 1.2% from 1Q 2021). Net loss: CN¥5.42m (down 170% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CN¥6.72 Down from CN¥9.42, the current price target is provided by 1 analyst. New target price is 60% above last closing price of CN¥4.21. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.23 last year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.06 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¥273.8m (up 19% from 3Q 2020). Net income: CN¥41.4m (down 2.2% from 3Q 2020). Profit margin: 15% (down from 18% 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 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 03
Second quarter 2021 earnings released: EPS CN¥0.097 (vs CN¥0.088 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥230.0m (up 1.0% from 2Q 2020). Net income: CN¥64.2m (up 2.3% from 2Q 2020). Profit margin: 28% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥5.76, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 33x in the Machinery industry in China. Total loss to shareholders of 3.5% over the past three years. Announcement • May 21
Sanlux Co.,Ltd Approves Cash Dividend for the Year 2020 Sanlux Co.,Ltd, at the AGM held on May 19, 2021 approved cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2020. Announcement • Apr 29
Sanlux Co.,Ltd Proposes Cash Dividend for 2020 Sanlux Co.,Ltd announced on 28 April 202 the profit distribution proposal for 2020 as cash dividend/10 shares (tax included): CNY 0.20000000. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.19 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¥900.4m (down 4.8% from FY 2019). Net income: CN¥177.1m (up 35% from FY 2019). Profit margin: 20% (up from 14% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥5.34 The company is down 20% from its price of CN¥6.70 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 07
New 90-day low: CN¥5.57 The company is down 9.0% from its price of CN¥6.12 on 09 October 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 22
New 90-day low: CN¥5.93 The company is down 5.0% from its price of CN¥6.25 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. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥155.8m, up 71% from the prior year. Total revenue was CN¥855.8m over the last 12 months, down 12% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥5.96 The company is down 1.0% from its price of CN¥6.04 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Announcement • Sep 02
Peng Qingyan signed an equity transfer agreement to acquire 36% stake in Ruban Quantum Technology Co., Ltd. from Sanlux Co.,Ltd (SZSE:002224) for CNY 14.7 million. Peng Qingyan signed an equity transfer agreement to acquire 36% stake in Ruban Quantum Technology Co., Ltd. from Sanlux Co.,Ltd (SZSE:002224) for CNY 14.7 million on August 26, 2020. The payment of the equity transfer payment of Peng Qingyan will be paid in two installments. The first period is before September 20, 2020. Peng Qingyan shall pay 80% of the total equity transfer payment and the second phase of equity transfer payment is 20% of the total equity transfer payment, and the payment shall be completed within 7 days after the completion of the industrial and commercial registration and/or filing procedures. Pre deal, Peng Qingyan held 22% stake and post completion, he will 58% stake in Ruban Quantum Technology. In a realetd deal, Wu Qiongying signed an equity transfer agreement to acquire 10% stake in Ruban Quantum Technology Co., Ltd. from Sanlux Co.,Ltd on August 26, 2020. For the year ending December 31, 2019, Ruban Quantum Technology reported total assets of approximately CNY 36 million, net assets of CNY 33.5 million, revenues of CNY 0, operational profit of CNY 0.8 million and net loss of 1.1 million. The proposal has been approved by the 34th meeting of the 6th Directorate of Sanlux on August 27, 2020. Announcement • Aug 12
Sanlux Co.,Ltd to Report First Half, 2020 Results on Aug 28, 2020 Sanlux Co.,Ltd announced that they will report first half, 2020 results on Aug 28, 2020