New Risk • Apr 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥11m free cash flow). Earnings have declined by 75% per year over the past 5 years. Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.40 loss per share (vs CN¥0.40 loss in FY 2024) Full year 2025 results: CN¥0.40 loss per share (improved from CN¥0.40 loss in FY 2024). Revenue: CN¥1.07b (down 1.3% from FY 2024). Net loss: CN¥325.7m (loss narrowed 2.2% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • Apr 28
JILIN JINGUAN ELECTRIC Co.,Ltd, Annual General Meeting, May 26, 2026 JILIN JINGUAN ELECTRIC Co.,Ltd, Annual General Meeting, May 26, 2026, at 14:00 China Standard Time. Location: 16F, Qingnian Chuangye Building, Old Downtown, Luoyang, Henan China Announcement • Mar 31
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Oct 30
New major risk - Revenue and earnings growth Earnings have declined by 6.6% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 30
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
JILIN JINGUAN ELECTRIC Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Reported Earnings • Apr 22
Full year 2024 earnings released: CN¥0.40 loss per share (vs CN¥0.031 profit in FY 2023) Full year 2024 results: CN¥0.40 loss per share (down from CN¥0.031 profit in FY 2023). Revenue: CN¥1.08b (down 7.3% from FY 2023). Net loss: CN¥333.0m (down CN¥358.5m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
JILIN JINGUAN ELECTRIC Co.,Ltd, Annual General Meeting, May 21, 2025 JILIN JINGUAN ELECTRIC Co.,Ltd, Annual General Meeting, May 21, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changchun, Jilin China Announcement • Mar 31
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Q1, 2025 Results on Apr 22, 2025 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 31
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.009 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.009 in 3Q 2023). Revenue: CN¥324.3m (flat on 3Q 2023). Net income: CN¥518.4k (down 93% from 3Q 2023). Profit margin: 0.2% (down from 2.4% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 10
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 7.7% 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. Announcement • May 30
JILIN JINGUAN ELECTRIC Co.,Ltd announced that it expects to receive CNY 2.463945 million in funding JILIN JINGUAN ELECTRIC Co.,Ltd announced a private placement to issue A shares for the gross proceeds of CNY 2,463,945 on May 28, 2024. Announcement • Apr 28
JILIN JINGUAN ELECTRIC Co.,Ltd, Annual General Meeting, May 16, 2024 JILIN JINGUAN ELECTRIC Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 16F, Qingnian Chuangye Building, Old Downtown , Luoyang, Henan China Agenda: To consider and approve 2023 annual report and its summary; 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider profit distribution plan; to consider Reappointment of 2024 audit firm; to consider Formulation of the system for audit firm appointment; to consider Adjustment of the performance commitment and compensation plan and signing the settlement agreement; to consider Change of the Company's registered capital and business scope, and amendments to the Company's articles of association; to consider Amendments to the Company's articles of association; to consider Amendments to the Company's rules of procedure governing shareholders' general meetings; to consider Amendments to the Company's rules of procedure governing the board meetings. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.015 loss per share (vs CN¥0.015 profit in 1Q 2023) First quarter 2024 results: CN¥0.015 loss per share (down from CN¥0.015 profit in 1Q 2023). Revenue: CN¥192.6m (down 8.1% from 1Q 2023). Net loss: CN¥12.2m (down 200% from profit in 1Q 2023). Revenue is forecast to grow 63% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥4.17, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 30
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥4.22, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 7.7% over the past three years. Announcement • Dec 29
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥6.61, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 1.9% over the past three years. New Risk • Oct 18
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 8.0% 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 (8.0% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
JILIN JINGUAN ELECTRIC Co.,Ltd to Report Q3, 2023 Results on Oct 28, 2023 JILIN JINGUAN ELECTRIC Co.,Ltd announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.17, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 36x in the Electrical industry in China. Total returns to shareholders of 22% over the past three years. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.015 (vs CN¥0.013 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.015 (up from CN¥0.013 loss in 1Q 2022). Revenue: CN¥209.7m (up 15% from 1Q 2022). Net income: CN¥12.2m (up CN¥22.7m from 1Q 2022). Profit margin: 5.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. 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. No experienced directors. No highly experienced directors. Supervisor Guopeng Liu is the most experienced director on the board, commencing their role in 2020. 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 • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.005 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.01 (up from CN¥0.005 in 3Q 2021). Revenue: CN¥308.7m (up 21% from 3Q 2021). Net income: CN¥8.00m (up 96% from 3Q 2021). Profit margin: 2.6% (up from 1.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.006 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.019 (up from CN¥0.006 in 2Q 2021). Revenue: CN¥275.0m (up 5.7% from 2Q 2021). Net income: CN¥15.7m (up 198% from 2Q 2021). Profit margin: 5.7% (up from 2.0% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2022 earnings released: CN¥0.013 loss per share (vs CN¥0.002 profit in 1Q 2021) First quarter 2022 results: CN¥0.013 loss per share (down from CN¥0.002 profit in 1Q 2021). Revenue: CN¥181.9m (up 32% from 1Q 2021). Net loss: CN¥10.4m (down CN¥12.3m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 1 experienced director. 2 highly experienced directors. Manager of Marketing Department and Member of Supervisory Committee Zhe Xu is the most experienced director on the board, commencing their role in 2009. 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 • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.027 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥254.3m (up 11% from 3Q 2020). Net income: CN¥4.08m (up CN¥27.7m from 3Q 2020). Profit margin: 1.6% (up from net loss in 3Q 2020). Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.17, the stock trades at a trailing P/E ratio of 63.3x. Average forward P/E is 30x in the Electrical industry in China. Total returns to shareholders of 21% over the past year. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥9.67, the stock trades at a trailing P/E ratio of 74.9x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 59% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.033 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥260.1m (up 35% from 2Q 2020). Net income: CN¥5.26m (up CN¥34.2m from 2Q 2020). Profit margin: 2.0% (up from net loss in 2Q 2020). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.83, the stock trades at a trailing P/E ratio of 69.5x. Average trailing P/E is 30x in the Electrical industry in China. Total loss to shareholders of 32% over the past three years. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.017 loss in 1Q 2020) The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: CN¥137.7m (flat on 1Q 2020). Net income: CN¥1.89m (up CN¥16.6m from 1Q 2020). Profit margin: 1.4% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 05
New 90-day high: CN¥5.98 The company is up 7.0% from its price of CN¥5.61 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥5.07 The company is down 18% from its price of CN¥6.16 on 30 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 Electrical industry, which is up 23% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥5.41 The company is down 5.0% from its price of CN¥5.70 on 11 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 Electrical industry, which is up 19% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥1.30b, with earnings decreasing by CN¥1.39b from the prior year. Total revenue was CN¥824.9m over the last 12 months, down 28% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day high: CN¥6.83 The company is up 48% from its price of CN¥4.63 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 3.0% over the same period. Announcement • Oct 05
Jilin Jinguan Electric Co., Ltd. announced that it expects to receive CNY 1 billion in funding from Luoyang Gudu Asset Management Co., Ltd. Jilin Jinguan Electric Co., Ltd. (SZSE:300510) announced a private placement for maximum of 264,865,495 common shares for gross proceeds of up to CNY 1,000,000,000 on September 30, 2020. The transaction includes participation from 35 investors including returning investor Luoyang Gudu Asset Management Co., Ltd. with not less than CNY 100 million to participate in the transaction. The transaction is subject to approval of shareholders at general meeting, Shenzhen Stock Exchange approval and China Securities Regulatory Commission. The shares subscribed by the controlling shareholder shall not be transferred within 18 months and subscribed by other specific objects shall not be transferred within 6 months from the date of the end of this issue. Announcement • Aug 13
Jilin Jinguan Electric Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Jilin Jinguan Electric Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 30
Jilin Jinguan Electric Co., Ltd. (SZSE:300510) acquired 30% stake in MailTime Inc. Jilin Jinguan Electric Co., Ltd. (SZSE:300510) acquired 30% stake in MailTime Inc. on May 29, 2020.
Jilin Jinguan Electric Co., Ltd. (SZSE:300510) completed the acquisition of 30% stake in MailTime Inc. on May 29, 2020. 