Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥29.22, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 84% over the past three years. Declared Dividend • May 27
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.37, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 78% over the past three years. Reported Earnings • Apr 14
First quarter 2026 earnings released: EPS: CN¥0.04 (vs CN¥0.05 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.04 (down from CN¥0.05 in 1Q 2025). Revenue: CN¥819.0m (up 1.4% from 1Q 2025). Net income: CN¥15.0m (down 18% from 1Q 2025). Profit margin: 1.8% (down from 2.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Jiangsu Chint Power Technology Co., Ltd., Annual General Meeting, May 20, 2026 Jiangsu Chint Power Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: 4F, Tower A, Building 3, No. 3255, Sixian Road, Songjiang District, Shanghai China Announcement • Mar 31
Jiangsu Chint Power Technology Co., Ltd. to Report Q1, 2026 Results on Apr 14, 2026 Jiangsu Chint Power Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 14, 2026 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥36.89, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 88% over the past three years. New Risk • Mar 23
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥32.65, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥29.15, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥25.88, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Consumer Durables industry in China. Negligible returns to shareholders over past three years. Announcement • Dec 31
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 14, 2026 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 14, 2026 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥18.62, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥20.69, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 131% over the past three years. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.081 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.081 in 3Q 2024). Revenue: CN¥881.8m (up 5.8% from 3Q 2024). Net income: CN¥39.4m (up 30% from 3Q 2024). Profit margin: 4.5% (up from 3.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 29% per year. New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Dividend is not well covered by cash flows (257% cash payout ratio). Large one-off items impacting financial results. Announcement • Sep 30
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥18.93, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 34x in the Consumer Durables industry in China. Total returns to shareholders of 163% over the past three years. New Risk • Sep 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 7.2% 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 (7.2% average weekly change). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥15.84, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 32x in the Consumer Durables industry in China. Total returns to shareholders of 92% over the past three years. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.19 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.22 (up from CN¥0.19 in 2Q 2024). Revenue: CN¥901.1m (down 2.3% from 2Q 2024). Net income: CN¥79.0m (up 28% from 2Q 2024). Profit margin: 8.8% (up from 6.7% 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 15% per year whereas the company’s share price has increased by 16% per year. Announcement • Jul 02
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 23
Jiangsu Tongrun Equipment Technology Co.,Ltd Announces Final Cash Dividend for the Year 2024 Jiangsu Tongrun Equipment Technology Co.,Ltd announced final cash dividend proposal of CNY 1.00000000 per ten shares for the year 2024. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.04 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.05 (up from CN¥0.04 in 1Q 2024). Revenue: CN¥807.6m (up 18% from 1Q 2024). Net income: CN¥18.3m (up 20% from 1Q 2024). Profit margin: 2.3% (up from 2.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Jiangsu Tongrun Equipment Technology Co.,Ltd, Annual General Meeting, May 20, 2025 Jiangsu Tongrun Equipment Technology Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 4F, Building 3, No. 3255, Sixian Road, Songjiang District, Shanghai China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.04, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 75% over the past three years. Announcement • Mar 31
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Q1, 2025 Results on Apr 22, 2025 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Dec 31
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 New Risk • Oct 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 453% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.0% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.063 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.081 (up from CN¥0.063 in 3Q 2023). Revenue: CN¥833.5m (up 11% from 3Q 2023). Net income: CN¥30.4m (up 50% from 3Q 2023). Profit margin: 3.6% (up from 2.7% 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 18% per year but the company’s share price has increased by 34% per year, which means it is well ahead of 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¥13.52, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 20x in the Consumer Durables industry in China. Total returns to shareholders of 146% over the past three years. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Earnings have declined by 9.4% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Sep 30
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.02 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.02 in 2Q 2023). Revenue: CN¥922.7m (up 52% from 2Q 2023). Net income: CN¥61.7m (up CN¥54.0m from 2Q 2023). Profit margin: 6.7% (up from 1.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Jun 29
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Apr 27
Jiangsu Tongrun Equipment Technology Co.,Ltd Proposes Final Dividend for 2023 Jiangsu Tongrun Equipment Technology Co.,Ltd announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.70000000. Announcement • Apr 26
Jiangsu Tongrun Equipment Technology Co.,Ltd, Annual General Meeting, May 16, 2024 Jiangsu Tongrun Equipment Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 4F, Tower A, Building 3, No. 3255, Sixian Road, Zhengtai Keqin Garden, Songjiang District, Shanghai China Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.04 (in line with 1Q 2023). Revenue: CN¥684.3m (up 115% from 1Q 2023). Net income: CN¥15.3m (up 3.9% from 1Q 2023). Profit margin: 2.2% (down from 4.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Announcement • Mar 30
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.92, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 182% over the past three years. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 1.3% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin). Announcement • Dec 29
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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 Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.063 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.063 (down from CN¥0.12 in 3Q 2022). Revenue: CN¥751.3m (up 87% from 3Q 2022). Net income: CN¥20.3m (down 53% from 3Q 2022). Profit margin: 2.7% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.13 in 2Q 2022). Revenue: CN¥609.2m (up 32% from 2Q 2022). Net income: CN¥7.74m (down 85% from 2Q 2022). Profit margin: 1.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Jul 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. Director Xiongbin Gu is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 07
Jiangsu Tongrun Equipment Technology Co.,Ltd Announces Board Appointments Jiangsu Tongrun Equipment Technology Co.,Ltd held its 2nd Extraordinary General Meeting of 2023 on 05 June 2023, announced the appointment of Lu Chuan, Nan Er, Zhang Zhihuan, Zhou Chengjun, Duan Binjie as non-independent directors. Shen Fuxin, Zhong Gang, Huang Huiqin as independent directors. Chen Xiangqian, Xu Zhiwu as non-employee supervisors. Announcement • May 27
Zhuhai Yuening Management Consulting Partnership Enterprise (Limited Partnership) completed the acquisition of 6.5% stake in Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) from Changshu Qianjin Factory. Zhuhai Yuening Management Consulting Partnership Enterprise (Limited Partnership) signed share transfer agreement to acquire 6.5% stake in Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) from Changshu Qianjin Factory for approximately CNY 220 million on November 22, 2022. As per the transaction, Zhuhai Yuening Management Consulting Partnership Enterprise (Limited Partnership) will acquire 23,173,609 shares of Jiangsu Tongrun Equipment Technology Co.,Ltd.Zhuhai Yuening Management Consulting Partnership Enterprise (Limited Partnership) completed the acquisition of 6.5% stake in Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) from Changshu Qianjin Factory on May 24, 2023. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.42 (vs CN¥0.40 in FY 2021) Full year 2022 results: EPS: CN¥0.42 (up from CN¥0.40 in FY 2021). Revenue: CN¥1.68b (down 13% from FY 2021). Net income: CN¥149.0m (up 3.6% from FY 2021). Profit margin: 8.9% (up from 7.5% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 16
Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) entered into agreement to acquire Wenzhou Angtai Power System Co., Ltd. from Zhejiang Chint Electrics Co., Ltd. (SHSE:601877), Shanghai Zhizhe Management Consulting Center (Limited Partnership) and Shanghai Chuofeng Management Consulting Center (Limited Partnership) for CNY 840.3 million. Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) entered into agreement to acquire Wenzhou Angtai Power System Co., Ltd. from Zhejiang Chint Electrics Co., Ltd. (SHSE:601877), Shanghai Zhizhe Management Consulting Center (Limited Partnership) and Shanghai Chuofeng Management Consulting Center (Limited Partnership) for CNY 840.3 million on February 14, 2023. The consideration will be paid in two parts where half of the consideration will be paid within five working days of signing the transaction and within six months of closing the transaction other half will be paid. Wenzhou Angtai Power System recorded total assets of CNY 1.49 billion and net assets of CNY 421.14 million as of October 31, 2022. The transaction is subject to approval from Board of Directors of Jiangsu Tongrun Equipment Technology Co.,Ltd, shareholders of Wenzhou Angtai Power System Co., Ltd., Board of Directors of Zhejiang Chint Electrics Co., Ltd., approval from anti-monopoly review of the concentration of operators by the State Administration for Market Regulation and shareholders of Jiangsu Tongrun Equipment Technology Co.,Ltd. Zhang Jun, Zhao Lichen and Wang Wei of Grandall Law Firm acted as legal advisors, Wu Yixin and Ge Aiping of Pan-China Certified Public Accountants LLP and Guotai Junan Securities Co., Ltd. acted as financial advisors for Jiangsu Tongrun Equipment Technology Co.,Ltd. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥29.65, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 421% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥25.84, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 318% over the past three years. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥21.70, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 23x in the Consumer Durables industry in China. Total returns to shareholders of 243% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 46% share price gain to CN¥15.39, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 187% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12. Revenue: CN¥402.0m (down 18% from 3Q 2021). Net income: CN¥43.4m (down 4.3% from 3Q 2021). Profit margin: 11% (up from 9.3% in 3Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.29, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 21x in the Consumer Durables industry in China. Total returns to shareholders of 82% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.076 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.076 in 2Q 2021). Revenue: CN¥461.4m (down 5.7% from 2Q 2021). Net income: CN¥50.2m (up 83% from 2Q 2021). Profit margin: 11% (up from 5.6% in 2Q 2021). 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 increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.56, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 28x in the Consumer Durables industry in China. Total returns to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥8.71, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 27x in the Consumer Durables industry in China. Total returns to shareholders of 86% 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 17% share price gain to CN¥7.88, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 29x in the Consumer Durables industry in China. Total returns to shareholders of 56% over the past three years. Announcement • Jun 11
Jiangsu Tongrun Equipment Technology Co.,Ltd Announces Implementation of Final Profit Distribution Plan on A Shares for the Year 2021, Payable on 17 June 2022 Jiangsu Tongrun Equipment Technology Co.,Ltd announced implementation of final profit distribution plan on A shares of CNY 1.5000000 per ten shares for the year 2021. Record date is 16 June 2022. Ex-date is 17 June 2022. Payment date is 17 June 2022. Announcement • May 26
Jiangsu Tongrun Equipment Technology Co.,Ltd Approves Final Cash Dividend for the Year 2021 Jiangsu Tongrun Equipment Technology Co.,Ltd approved final cash dividend 10 shares (tax included): CNY 1.50000000 for the year 2021, at its Annual General Meeting of 2021 held on 23 May 2022. Announcement • May 02
Jiangsu Tongrun Equipment Technology Co.,Ltd Announces Final Cash Dividend Proposal for 2021 Jiangsu Tongrun Equipment Technology Co.,Ltd announced on 29 April 2022 the final cash dividend proposal for 2021. Cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2021). Revenue: CN¥428.0m (up 31% from 1Q 2021). Net income: CN¥30.5m (up 23% from 1Q 2021). Profit margin: 7.1% (down from 7.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. 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. 10 experienced directors. 2 highly experienced directors. CFO, Head of Finance Department & Director Yue Hong Wang 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 • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.42 (up from CN¥0.37 in FY 2020). Revenue: CN¥1.91b (up 34% from FY 2020). Net income: CN¥148.0m (up 11% from FY 2020). Profit margin: 7.7% (down from 9.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.12 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥489.2m (up 34% from 2Q 2020). Net income: CN¥26.8m (down 41% from 2Q 2020). Profit margin: 5.5% (down from 12% 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 9% per year whereas the company’s share price has increased by 5% per year. Announcement • May 21
Jiangsu Tongrun Equipment Technology Co.,Ltd Approves Cash Dividend for the Year 2020 Jiangsu Tongrun Equipment Technology Co.,Ltd at the AGM held on May 18, 2021 approved a cash dividend of CNY 1.500000000 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.07 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¥327.5m (up 25% from 1Q 2020). Net income: CN¥24.8m (up 3.3% from 1Q 2020). Profit margin: 7.6% (down from 9.2% in 1Q 2020). The decrease in margin was driven by higher expenses. 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. Announcement • Apr 29
Jiangsu Tongrun Equipment Technology Co.,Ltd Announces Profit Distribution Proposal for 2020 Jiangsu Tongrun Equipment Technology Co.,Ltd announced on 28 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend of CNY 1.500000000 per 10 shares (tax included). Is New 90 Day High Low • Mar 09
New 90-day high: CN¥6.76 The company is up 3.0% from its price of CN¥6.58 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is flat over the same period. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS CN¥0.36 (vs CN¥0.43 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.42b (down 3.4% from FY 2019). Net income: CN¥128.9m (down 16% from FY 2019). Profit margin: 9.1% (down from 10% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% 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 29
New 90-day low: CN¥5.51 The company is down 14% from its price of CN¥6.37 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥6.14 The company is down 2.0% from its price of CN¥6.27 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 Consumer Durables industry, which is up 23% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥145.1m, up 1.4% from the prior year. Total revenue was CN¥1.43b over the last 12 months, down 3.9% from the prior year. Announcement • Oct 19
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report Q3, 2020 Results on Oct 26, 2020 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report Q3, 2020 results on Oct 26, 2020 Announcement • Aug 02
Jiangsu Tongrun Equipment Technology Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Jiangsu Tongrun Equipment Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020