Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.65, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 53x in the Machinery industry in China. Total returns to shareholders of 369% over the past three years. Announcement • Jul 01
Xuzhou Handler Special Vehicle Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Xuzhou Handler Special Vehicle Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥20.56, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 54x in the Machinery industry in China. Total returns to shareholders of 498% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.78, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 290% over the past three years. Announcement • Apr 21
Xuzhou Handler Special Vehicle Co., Ltd, Annual General Meeting, May 21, 2026 Xuzhou Handler Special Vehicle Co., Ltd, Annual General Meeting, May 21, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Xuzhou, Jiangsu China Reported Earnings • Apr 09
Full year 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.23 in FY 2024) Full year 2025 results: EPS: CN¥0.31 (up from CN¥0.23 in FY 2024). Revenue: CN¥1.72b (up 8.1% from FY 2024). Net income: CN¥309.0m (up 38% from FY 2024). Profit margin: 18% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 41% per year and the company’s share price has also increased by 41% per year. Announcement • Mar 31
Xuzhou Handler Special Vehicle Co., Ltd to Report Q1, 2026 Results on Apr 23, 2026 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report Q1, 2026 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.85, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Machinery industry in China. Total returns to shareholders of 246% over the past three years. New Risk • Feb 24
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 7.4% 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 Risk High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.62, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 180% over the past three years. Board Change • Jan 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Lin Jing Ba was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 31
Xuzhou Handler Special Vehicle Co., Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.22, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 105% over the past three years. Announcement • Dec 09
Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) announces an Equity Buyback for CNY 100 million worth of its shares. Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 7.5 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be funded out of the company's own funds. The program will be valid till 12 months. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.099 (vs CN¥0.083 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.099 (up from CN¥0.083 in 3Q 2024). Revenue: CN¥487.2m (up 1.5% from 3Q 2024). Net income: CN¥92.7m (up 13% from 3Q 2024). Profit margin: 19% (up from 17% in 3Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Announcement • Sep 30
Xuzhou Handler Special Vehicle Co., Ltd to Report Q3, 2025 Results on Oct 24, 2025 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.058 (vs CN¥0.029 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.058 (up from CN¥0.029 in 2Q 2024). Revenue: CN¥457.3m (up 53% from 2Q 2024). Net income: CN¥55.0m (up 92% from 2Q 2024). Profit margin: 12% (up from 9.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 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 33% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 02
Xuzhou Handler Special Vehicle Co., Ltd to Report First Half, 2025 Results on Aug 16, 2025 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report first half, 2025 results on Aug 16, 2025 Announcement • May 22
Xuzhou Handler Special Vehicle Co., Ltd Approves Cash Dividend for 2024 Xuzhou Handler Special Vehicle Co. Ltd. at its Annual General Meeting of 2024 held on May 16, 2025, approved Cash dividend/10 shares (tax included) of CNY 0.30000000 for the year 2024. Announcement • Apr 19
Tao Haoping and Liu Lei completed the acquisition of Shanghai Liangji Industry Co., Ltd. from Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201). Tao Haoping and Liu Lei agreed to acquire Shanghai Liangji Industry Co., Ltd. from Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) for CNY 48.2 million on October 31, 2024. As of December 31, 2023, Shanghai Liangji Industry Co., Ltd. reported total assets of CNY 2.31 billion and total common equity of CNY 21.04 million. As on December 13, 2024, Liu Lei completed preliminary due diligence on Shanghai Liangji Industry Co., Ltd. As per the announcement dated March 18, 2025 Tao Haoping and Liu Lei have paid the first installment of CNY 9.658 million
Tao Haoping and Liu Lei completed the acquisition of Shanghai Liangji Industry Co., Ltd. from Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) on April 17, 2025. Announcement • Apr 16
Xuzhou Handler Special Vehicle Co., Ltd Proposes Final Cash Dividend for the Year 2024 Xuzhou Handler Special Vehicle Co., Ltdannounced on 15 April 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 0.30000000. New Risk • Apr 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 15
Full year 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in FY 2023) Full year 2024 results: EPS: CN¥0.23 (up from CN¥0.20 in FY 2023). Revenue: CN¥1.59b (up 18% from FY 2023). Net income: CN¥223.6m (up 8.6% from FY 2023). Profit margin: 14% (down from 15% 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 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 15
Xuzhou Handler Special Vehicle Co., Ltd, Annual General Meeting, May 16, 2025 Xuzhou Handler Special Vehicle Co., Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xuzhou, Jiangsu China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.62, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 40x in the Machinery industry in China. Total returns to shareholders of 52% over the past three years. Announcement • Mar 31
Xuzhou Handler Special Vehicle Co., Ltd to Report Q1, 2025 Results on Apr 25, 2025 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Buy Or Sell Opportunity • Mar 27
Now 21% undervalued Over the last 90 days, the stock has risen 4.0% to CN¥5.71. The fair value is estimated to be CN¥7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to CN¥5.76. The fair value is estimated to be CN¥7.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 31
Xuzhou Handler Special Vehicle Co., Ltd to Report Fiscal Year 2024 Results on Apr 15, 2025 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report fiscal year 2024 results on Apr 15, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.50, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 53% over the past three years. Buy Or Sell Opportunity • Dec 18
Now 21% undervalued Over the last 90 days, the stock has risen 80% to CN¥5.97. The fair value is estimated to be CN¥7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Nov 12
Now 21% undervalued Over the last 90 days, the stock has risen 85% to CN¥5.93. The fair value is estimated to be CN¥7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 96% in 2 years. Earnings are forecast to grow by 72% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥5.82, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 58% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.083 (vs CN¥0.068 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.083 (up from CN¥0.068 in 3Q 2023). Revenue: CN¥480.1m (up 6.4% from 3Q 2023). Net income: CN¥81.9m (up 16% from 3Q 2023). Profit margin: 17% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 44% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 24
Now 20% undervalued Over the last 90 days, the stock has risen 18% to CN¥4.04. The fair value is estimated to be CN¥5.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 94% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Buy Or Sell Opportunity • Oct 09
Now 20% undervalued Over the last 90 days, the stock has risen 14% to CN¥4.06. The fair value is estimated to be CN¥5.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 94% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Announcement • Sep 30
Xuzhou Handler Special Vehicle Co., Ltd to Report Q3, 2024 Results on Oct 25, 2024 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥4.03, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 4.3% over the past three years. Announcement • Sep 19
Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) agreed to acquire 48.15% stake in Hunan Huaxun Emergency Equipment Co., Ltd. from Changsha Zhenghao Enterprise Management Consulting Co., Ltd. Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) agreed to acquire 48.15% stake in Hunan Huaxun Emergency Equipment Co., Ltd. from Changsha Zhenghao Enterprise Management Consulting Co., Ltd. on September 12, 2024. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.029 (vs CN¥0.039 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.029 (down from CN¥0.039 in 2Q 2023). Revenue: CN¥298.6m (down 21% from 2Q 2023). Net income: CN¥28.6m (down 29% from 2Q 2023). Profit margin: 9.6% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 25% 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 76% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Xuzhou Handler Special Vehicle Co., Ltd to Report First Half, 2024 Results on Aug 29, 2024 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 01
Xuzhou Handler Special Vehicle Co., Ltd Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 06 June 2024 Xuzhou Handler Special Vehicle Co. Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.35000000. Record date: 05 June 2024. Ex-date: 06 June 2024. Payment date: 06 June 2024. Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.20 (up from CN¥0.07 in FY 2022). Revenue: CN¥1.35b (up 32% from FY 2022). Net income: CN¥205.9m (up 183% from FY 2022). Profit margin: 15% (up from 7.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 9.6%. Revenue is forecast to grow 36% 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 104% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Apr 20
Xuzhou Handler Special Vehicle Co., Ltd, Annual General Meeting, May 10, 2024 Xuzhou Handler Special Vehicle Co., Ltd, Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xuzhou, Jiangsu China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥3.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 37% over the past three years. Announcement • Mar 30
Xuzhou Handler Special Vehicle Co., Ltd to Report Q1, 2024 Results on Apr 26, 2024 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Feb 08
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 7.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.58, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Machinery industry in China. Total returns to shareholders of 44% over the past three years. Announcement • Dec 29
Xuzhou Handler Special Vehicle Co., Ltd to Report Fiscal Year 2023 Results on Apr 19, 2024 Xuzhou Handler Special Vehicle Co., Ltd announced that they will report fiscal year 2023 results on Apr 19, 2024 Announcement • Dec 27
Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) announces an Equity Buyback for CNY 150 million worth of its shares. Xuzhou Handler Special Vehicle Co., Ltd (SZSE:300201) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 6.5 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be funded out of the company's own funds. The program will be valid till 12 months. New Risk • Dec 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 6.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.023 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.068 (up from CN¥0.023 in 3Q 2022). Revenue: CN¥451.2m (up 65% from 3Q 2022). Net income: CN¥70.8m (up 193% from 3Q 2022). Profit margin: 16% (up from 8.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% 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 99% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 Revenue is less than US$1m. Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.13 in FY 2021) Full year 2022 results: EPS: CN¥0.07 (down from CN¥0.13 in FY 2021). Revenue: CN¥1.02b (down 39% from FY 2021). Net income: CN¥72.7m (down 44% from FY 2021). Profit margin: 7.1% (down from 7.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.90, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Board Change • Jan 01
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Independent Director Huamin Huang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Dec 13
Second quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.013 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.02 (up from CN¥0.013 in 2Q 2021). Revenue: CN¥206.5m (down 47% from 2Q 2021). Net income: CN¥20.3m (up 46% from 2Q 2021). Profit margin: 9.8% (up from 3.6% in 2Q 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 10% per year. Announcement • Dec 13
Xuzhou Handler Special Vehicle Co., Ltd Announces Board Changes Xuzhou Handler Special Vehicle Co. Ltd. held its 1st Extraordinary General Meeting of 2022 on 09 December 2022 approved the Dismissal of Jin Shiwei, Bo Xiaoming, Dong Dai, Tong Xiaomin, Ma Chao, Deng Haojie a non-independent director. Li Yuhua and Chen You as a non-employee supervisor. Announced the appointment of Jiang Haiyan, Gao Peng, Dou Lifeng, Yin Yaping, Chen Huiyuan and Ding Yun as non-independent directors. Lv Minyuan, Wang Chunhua, Gesang Qiongda as independent directors. Peng Shaojiang and Tu Weidong as non-employee supervisors. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.45, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 35x in the Machinery industry in China. Total loss to shareholders of 2.6% over the past three years. Board Change • Nov 16
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. External Supervisor Song Xiao Yin is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥1.87, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 37x in the Machinery industry in China. Total loss to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥2.42, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 34x in the Machinery industry in China. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥2.13, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥1.79, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 27x in the Machinery industry in China. Total loss to shareholders of 63% over the past three years. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CN¥0.13 (vs CN¥0.45 loss in FY 2020) Full year 2021 results: EPS: CN¥0.13 (up from CN¥0.45 loss in FY 2020). Revenue: CN¥1.67b (down 18% from FY 2020). Net income: CN¥130.7m (up CN¥598.3m from FY 2020). Profit margin: 7.8% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. External Supervisor Song Xiao Yin is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥3.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.023 (vs CN¥0.25 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥425.4m (down 14% from 3Q 2020). Net income: CN¥23.9m (up CN¥279.9m from 3Q 2020). Profit margin: 5.6% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.013 (vs CN¥0.02 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥390.0m (down 16% from 2Q 2020). Net income: CN¥13.9m (up CN¥34.9m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Announcement • Jun 09
Wu Zeqin and Song Jun completed the acquisition of Shenzhen LianShuo Automation Technology Co., Ltd. from Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201). Wu Zeqin and Song Jun agreed to acquire Shenzhen LianShuo Automation Technology Co., Ltd. from Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201) for CNY 1 on April 27, 2021. 100% of the equity transfer price will be transferred to the bank account designated by Xuzhou Handler Special Vehicle Co., Ltd. within 3 working days from the date when this equity transfer matter is approved by the shareholders' meeting of Xuzhou Handler Special Vehicle Co., Ltd. Wu Zeqin intends to acquire 90% of Lianshuo Technology's equity for CNY 0.9 and Song Jun intends to acquire 10% of Lianshuo Technology's equity for CNY 0.1. Post-closing, Xuzhou Handler Special Vehicle Co., Ltd. will not hold any stake in Shenzhen LianShuo Automation Technology Co., Ltd. For the period ended March 31, 2021, Shenzhen LianShuo Automation Technology Co., Ltd. had total assets of CNY 51.5 million, net liabilities of CNY 82.95 million, operating revenues of CNY 10.25 million, operating loss of CNY 3.35 million and net loss of CNY 3.35 million.
The transaction was approved at the 31st meeting of the fourth Board of Directors and the 24th meeting of the fourth board of supervisors of Xuzhou Handler Special Vehicle Co., Ltd. on April 27, 2021 and independent directors express an independent opinion expressly agreeing to the proposal. The transaction does not need to be submitted to the shareholders meeting for review and approval.
Wu Zeqin and Song Jun completed the acquisition of Shenzhen LianShuo Automation Technology Co., Ltd. from Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201) on June 8, 2021. Transaction was approved by the Xuzhou Handler's 2020 shareholders’ meeting held on May 21, 2021. Announcement • Apr 29
Xuzhou Handler Special Vehicle Co., Ltd. Proposes Zero Cash Dividend for the Year 2020 Xuzhou Handler Special Vehicle Co., Ltd. announced on 28 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend/10 shares (tax included): CNY 0.00000000. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.002 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥239.8m (down 27% from 1Q 2020). Net income: CN¥10.0m (up 303% from 1Q 2020). Profit margin: 4.2% (up from 0.8% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥2.58 The company is down 41% from its price of CN¥4.35 on 05 November 2020. The Chinese market is up 6.0% 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 05
New 90-day low: CN¥2.99 The company is down 29% from its price of CN¥4.19 on 30 September 2020. The Chinese market is up 10.0% 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 • Dec 15
New 90-day low: CN¥3.41 The company is down 24% from its price of CN¥4.48 on 16 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 3.0% over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: CN¥3.87 The company is down 10.0% from its price of CN¥4.30 on 14 August 2020. The Chinese market is up 1.0% 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. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥255.7m, with earnings decreasing by CN¥326.5m from the prior year. Total revenue was CN¥1.93b over the last 12 months, up 5.8% from the prior year. Announcement • Oct 20
Xuzhou Handler Special Vehicle Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Xuzhou Handler Special Vehicle Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Jul 30
Zhongtianze Holding Group Co., Ltd completed the acquisition of 5% stake in Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201) from Jiangsu Electromechanical Research Institute Co., Ltd. Zhongtianze Holding Group Co., Ltd signed an agreement to acquire 5% stake in Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201) from Jiangsu Electromechanical Research Institute Co., Ltd. for approximately CNY 200 million on April 12, 2020. Jiangsu Electromechanical Research will sell 52.05 million shares of Xuzhou Handler Special Vehicle at CNY 3.84 per share. Buyer’s shareholders approved the transaction.
Zhongtianze Holding Group Co., Ltd completed the acquisition of 5% stake in Xuzhou Handler Special Vehicle Co., Ltd. (SZSE:300201) from Jiangsu Electromechanical Research Institute Co., Ltd. on April 30, 2020. Announcement • Jul 18
Xuzhou Handler Special Vehicle Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020 Xuzhou Handler Special Vehicle Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020 
