Declared Dividend • Jun 21
Dividend increased to CN¥0.028 Dividend of CN¥0.028 is 115% higher than last year. Ex-date: 23rd June 2026 Payment date: 23rd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (dividend approximately 78x free cash flows). 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 77% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.4% EPS decline seen over the last 5 years. Announcement • Apr 30
Shanghai Highly (Group) Co., Ltd., Annual General Meeting, May 28, 2026 Shanghai Highly (Group) Co., Ltd., Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningqiao Road, China (Shanghai) Pilot Free Trade Zone China Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.032 in FY 2024) Full year 2025 results: EPS: CN¥0.07 (up from CN¥0.032 in FY 2024). Revenue: CN¥20.5b (up 9.3% from FY 2024). Net income: CN¥71.8m (up 112% from FY 2024). Profit margin: 0.4% (up from 0.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shanghai Highly (Group) Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shanghai Highly (Group) Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Shanghai Highly (Group) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 08, 2026 Shanghai Highly (Group) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 08, 2026 Board Change • Dec 09
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Feng Gu was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.3% Last year net profit margin: 0.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.3% net profit margin). Announcement • Sep 30
Shanghai Highly (Group) Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shanghai Highly (Group) Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Jul 25
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 Risk Earnings have declined by 30% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Jun 30
Shanghai Highly (Group) Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shanghai Highly (Group) Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • May 07
Shanghai Highly Group Co., Ltd. Showcases Next-Gen Lightweight Thermal Management Solutions At Auto Shanghai 2025 At the Auto Shanghai 2025, HIGHLY (Shanghai Highly Group Co., Ltd. unveiled its breakthrough lightweight, integrated solutions tailored for next-generation electric vehicles. The highlights include the R290 Refrigerant Thermal Management Module, Low- Temperature Heat Pump Self-Heating Compressor, and Low- Temperature Heat Pump Integrated Compressor, reinforcing HIGHLY's technological leadership in eco-friendly, high-efficiency automotive thermal management. Designed to meet stringent global environmental standards, the R290 module uses natural propane refrigerant, reducing carbon footprint while ensuring safety with a sub-150g charge. Through structural optimization and integrated casting, the module cuts volume and weight by 10% versus predecessors. Its ultra-thin flow channel plates (10.5mm average thickness) and embedded control systems enhance space efficiency and energy management. Cold-Climate Innovation: Dual Compressor Solutions: Addressing extreme cold challenges, HIGHLY launched two compressor breakthroughs: Self-Heating Compressor: Enables reliable operation at -40degC via optimized motor heating and anti-liquid impact design, extending lifespan by 10%. Integrated Compressor: Combines self-heating with a printed heating membrane for rapid warming, achieving 15% weight reduction and full-scenario thermal efficiency. Both solutions overcome traditional -10degC heating limits, ensuring NEV performance in harsh environments. With China's NEV sales hitting 12.87 million units in 2024 (35.5% YoY growth), HIGHLY is expanding its global footprint across 24 plants and 6 R&D centers in 11 countries. Its new Wuhu production line, operational since 2024, leverages smart manufacturing to meet soaring demand, aligning with industry trends toward sustainability and integration. Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.028 in FY 2023) Full year 2024 results: EPS: CN¥0.03 (up from CN¥0.028 in FY 2023). Revenue: CN¥18.7b (up 10% from FY 2023). Net income: CN¥33.8m (up 13% from FY 2023). Profit margin: 0.2% (in line with FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Shanghai Highly (Group) Co., Ltd., Annual General Meeting, May 21, 2025 Shanghai Highly (Group) Co., Ltd., Annual General Meeting, May 21, 2025, at 14:00 China Standard Time. Location: Floor M, No. 888, Jinqiao Ningqiao Road, Pudong, Shanghai China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥10.49, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 63% over the past three years. Announcement • Mar 28
Shanghai Highly (Group) Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shanghai Highly (Group) Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shanghai Highly (Group) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Shanghai Highly (Group) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Buy Or Sell Opportunity • Nov 13
Now 26% undervalued Over the last 90 days, the stock has risen 250% to CN¥18.42. The fair value is estimated to be CN¥24.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥0.034 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.015 (up from CN¥0.034 loss in 3Q 2023). Revenue: CN¥4.19b (flat on 3Q 2023). Net income: CN¥18.5m (up CN¥57.9m from 3Q 2023). Profit margin: 0.4% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shanghai Highly (Group) Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shanghai Highly (Group) Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 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 6.8% 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 Earnings have declined by 32% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.007 (vs CN¥0.017 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.007 (up from CN¥0.017 loss in 2Q 2023). Revenue: CN¥5.40b (up 11% from 2Q 2023). Net income: CN¥10.7m (up CN¥32.4m from 2Q 2023). Profit margin: 0.2% (up from net loss in 2Q 2023). 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. Announcement • Jun 28
Shanghai Highly (Group) Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shanghai Highly (Group) Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • May 24
Shanghai Highly (Group) Co., Ltd., Annual General Meeting, Jun 14, 2024 Shanghai Highly (Group) Co., Ltd., Annual General Meeting, Jun 14, 2024, at 14:00 China Standard Time. Location: Floor M, No. 888, Ningqiao Road, Jinqiao, Pudong, Shanghai China New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. 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 27% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • Mar 30
Shanghai Highly (Group) Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Highly (Group) Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Shanghai Highly (Group) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Shanghai Highly (Group) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.034 loss per share (vs CN¥0.026 loss in 3Q 2022) Third quarter 2023 results: CN¥0.034 loss per share (further deteriorated from CN¥0.026 loss in 3Q 2022). Revenue: CN¥4.19b (up 9.7% from 3Q 2022). Net loss: CN¥39.4m (loss widened 79% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 31
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 6.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.021 loss per share (vs CN¥0.036 profit in 2Q 2022) Second quarter 2023 results: CN¥0.021 loss per share (down from CN¥0.036 profit in 2Q 2022). Revenue: CN¥4.89b (up 15% from 2Q 2022). Net loss: CN¥21.6m (down 155% from profit in 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 9% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 11
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥7.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.03 loss per share (vs CN¥0.04 profit in 1Q 2022) First quarter 2023 results: CN¥0.03 loss per share (down from CN¥0.04 profit in 1Q 2022). Revenue: CN¥4.30b (flat on 1Q 2022). Net loss: CN¥27.3m (down 164% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Zhuoping Yu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.026 loss per share (vs CN¥0.018 profit in 3Q 2021) Third quarter 2022 results: CN¥0.026 loss per share (down from CN¥0.018 profit in 3Q 2021). Revenue: CN¥3.82b (up 4.3% from 3Q 2021). Net loss: CN¥22.0m (down 178% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.087 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.087 in 2Q 2021). Revenue: CN¥4.25b (down 3.9% from 2Q 2021). Net income: CN¥39.7m (down 39% from 2Q 2021). Profit margin: 0.9% (down from 1.5% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.18, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 36x in the Machinery industry in China. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥8.29, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 2.8% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2021). Revenue: CN¥4.32b (up 13% from 1Q 2021). Net income: CN¥42.5m (up 8.3% from 1Q 2021). Profit margin: 1.0% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Zhuoping Yu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.84, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 38x in the Machinery industry in China. Total loss to shareholders of 14% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.018 (vs CN¥0.02 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥3.67b (up 54% from 3Q 2020). Net income: CN¥28.3m (up 52% from 3Q 2020). Profit margin: 0.8% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.024 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥4.42b (up 68% from 2Q 2020). Net income: CN¥65.2m (up 184% from 2Q 2020). Profit margin: 1.5% (up from 0.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥9.83, the stock trades at a trailing P/E ratio of 52.8x. Average trailing P/E is 32x in the Machinery industry in China. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥11.67, the stock trades at a trailing P/E ratio of 62.7x. Average trailing P/E is 32x in the Machinery industry in China. Negligible returns to shareholders over past three years. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.04 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¥3.82b (up 60% from 1Q 2020). Net income: CN¥39.3m (up 28% from 1Q 2020). Profit margin: 1.0% (down from 1.3% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% 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. Is New 90 Day High Low • Mar 10
New 90-day low: CN¥6.96 The company is down 8.0% from its price of CN¥7.60 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥7.88 The company is up 5.0% from its price of CN¥7.53 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. Announcement • Oct 29
Shanghai Highly (Group) Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Shanghai Highly (Group) Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 18
Shanghai Highly (Group) Co., Ltd. to Report First Half, 2020 Results on Aug 31, 2020 Shanghai Highly (Group) Co., Ltd. announced that they will report first half, 2020 results on Aug 31, 2020 