Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥146, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Machinery industry in China. Total returns to shareholders of 288% over the past three years. Declared Dividend • May 23
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.1%, which is lower than the industry average of 2.0%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 41%. Board Change • May 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Qi Jun Fei 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 • Apr 23
Ningbo Zhenyu Technology Co., Ltd., Annual General Meeting, May 14, 2026 Ningbo Zhenyu Technology Co., Ltd., Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥218, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 330% over the past three years. Major Estimate Revision • Apr 16
Consensus EPS estimates increase by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥13.2b to CN¥13.8b. EPS estimate increased from CN¥5.36 to CN¥6.96 per share. Net income forecast to grow 132% next year vs 41% growth forecast for Machinery industry in China. Consensus price target of CN¥216 unchanged from last update. Share price rose 13% to CN¥208 over the past week. Reported Earnings • Apr 08
Full year 2025 earnings released: EPS: CN¥3.17 (vs CN¥1.79 in FY 2024) Full year 2025 results: EPS: CN¥3.17 (up from CN¥1.79 in FY 2024). Revenue: CN¥9.78b (up 37% from FY 2024). Net income: CN¥520.4m (up 105% from FY 2024). Profit margin: 5.3% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% 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 76% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Ningbo Zhenyu Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ningbo Zhenyu Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥180, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥146, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Machinery industry in China. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥181, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 28x in the Machinery industry in China. Total returns to shareholders of 183% over the past three years. Announcement • Dec 31
Ningbo Zhenyu Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Ningbo Zhenyu Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥169, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 182% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥1.13 (vs CN¥0.29 in 3Q 2024) Third quarter 2025 results: EPS: CN¥1.13 (up from CN¥0.29 in 3Q 2024). Revenue: CN¥2.55b (up 35% from 3Q 2024). Net income: CN¥200.6m (up 393% from 3Q 2024). Profit margin: 7.9% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% 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 57% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. New Risk • Oct 08
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 9.0% 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 Risks Debt is not well covered by operating cash flow (0.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Sep 30
Ningbo Zhenyu Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Ningbo Zhenyu Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥156, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 108% over the past three years. Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: CN¥0.86 (vs CN¥0.57 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.86 (up from CN¥0.57 in 2Q 2024). Revenue: CN¥2.25b (up 33% from 2Q 2024). Net income: CN¥138.5m (up 75% from 2Q 2024). Profit margin: 6.1% (up from 4.7% 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 29% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥111, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 9.5% over the past three years. Price Target Changed • Jul 23
Price target increased by 36% to CN¥129 Up from CN¥95.36, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥102. Stock is up 188% over the past year. The company is forecast to post earnings per share of CN¥2.24 for next year compared to CN¥1.79 last year. Announcement • Jul 02
Ningbo Zhenyu Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Ningbo Zhenyu Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Declared Dividend • May 29
Dividend increased to CN¥0.21 Dividend of CN¥0.21 is 377% higher than last year. Ex-date: 3rd June 2025 Payment date: 3rd June 2025 Dividend yield will be 0.1%, which is lower than the industry average of 2.0%. Announcement • May 22
Ningbo Zhenyu Technology Co., Ltd Approves the Cash Dividend Ningbo Zhenyu Technology Co., Ltd. at its Annual General Meeting of 2024 held on 16 May 2025, approved the cash dividend/10 shares (tax included) of CNY 2.10000000. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥146, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥115 per share. Buy Or Sell Opportunity • Apr 23
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to CN¥146. The fair value is estimated to be CN¥115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 32% per annum over the same time period. Announcement • Apr 23
Ningbo Zhenyu Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Ningbo Zhenyu Technology Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.10000000 for the year 2024. New Risk • Apr 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • Apr 22
Ningbo Zhenyu Technology Co., Ltd., Annual General Meeting, May 16, 2025 Ningbo Zhenyu Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥2.52 (up from CN¥0.42 in FY 2023). Revenue: CN¥7.12b (up 18% from FY 2023). Net income: CN¥254.9m (up 496% from FY 2023). Profit margin: 3.6% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 7.9%. Revenue is forecast to grow 14% 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 fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 31
Ningbo Zhenyu Technology Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Ningbo Zhenyu Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Buy Or Sell Opportunity • Mar 07
Now 42% overvalued after recent price rise Over the last 90 days, the stock has risen 133% to CN¥173. The fair value is estimated to be CN¥122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Buy Or Sell Opportunity • Feb 19
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 111% to CN¥147. The fair value is estimated to be CN¥118, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥91.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥126 per share. New Risk • Jan 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 9.7% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.7% average weekly change). Announcement • Dec 31
Ningbo Zhenyu Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Ningbo Zhenyu Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥78.48, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 49% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.19 in 3Q 2023). Revenue: CN¥1.88b (flat on 3Q 2023). Net income: CN¥40.7m (up 105% from 3Q 2023). Profit margin: 2.2% (up from 1.1% in 3Q 2023). Revenue is forecast to grow 19% 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 fallen by 36% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. 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 7.0% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Sep 30
Ningbo Zhenyu Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Ningbo Zhenyu Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥52.64, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 35% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.79 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.79 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥1.69b (up 27% from 2Q 2023). Net income: CN¥79.3m (up 312% from 2Q 2023). Profit margin: 4.7% (up from 1.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Ningbo Zhenyu Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Ningbo Zhenyu Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 24
Dividend reduced to CN¥0.044 Dividend of CN¥0.044 is 56% lower than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 0.07%, which is lower than the industry average of 2.0%. Reported Earnings • Apr 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.42 (down from CN¥1.09 in FY 2022). Revenue: CN¥6.02b (up 4.6% from FY 2022). Net income: CN¥42.8m (down 59% from FY 2022). Profit margin: 0.7% (down from 1.8% in FY 2022). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 80%. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Ningbo Zhenyu Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ningbo Zhenyu Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Feb 06
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 9.0% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.0% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.4% net profit margin). Announcement • Dec 30
Ningbo Zhenyu Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Ningbo Zhenyu Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.33 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.33 in 3Q 2022). Revenue: CN¥1.88b (up 25% from 3Q 2022). Net income: CN¥19.8m (down 34% from 3Q 2022). Profit margin: 1.1% (down from 2.0% in 3Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.52 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.52 in 2Q 2022). Revenue: CN¥1.33b (up 5.7% from 2Q 2022). Net income: CN¥19.2m (down 60% from 2Q 2022). Profit margin: 1.4% (down from 3.9% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Price Target Changed • Nov 16
Price target decreased to CN¥113 Down from CN¥150, the current price target is provided by 1 analyst. New target price is 26% above last closing price of CN¥89.66. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥3.33 for next year compared to CN¥1.95 last year. Announcement • Nov 08
Ningbo Zhenyu Technology Co., Ltd. announced that it has received CNY 799.999983 million in funding from Ningbo Zhenyu New Energy Co., Ltd. On November 7, 2022, Ningbo Zhenyu Technology Co., Ltd. closed the transaction. The company has paid issuance fee of CNY 7,824,247.97 and received net proceeds of CNY 792,175,734.53 including newly added registered capital of CNY 9,702,850.00 and the capital reserve of CNY 782,472,884.53. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥93.73, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Machinery industry in China. Total loss to shareholders of 35% over the past year. Major Estimate Revision • Nov 03
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.47b to CN¥4.73b. EPS estimate fell from CN¥3.84 to CN¥3.33 per share. Net income forecast to grow 124% next year vs 64% growth forecast for Machinery industry in China. Consensus price target down from CN¥150 to CN¥113. Share price rose 9.3% to CN¥92.81 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.48 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.33 (down from CN¥0.48 in 3Q 2021). Revenue: CN¥1.50b (up 77% from 3Q 2021). Net income: CN¥29.9m (down 33% from 3Q 2021). Profit margin: 2.0% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Machinery industry in China. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.34 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.52 (up from CN¥0.34 in 2Q 2021). Revenue: CN¥1.26b (up 118% from 2Q 2021). Net income: CN¥48.5m (up 54% from 2Q 2021). Profit margin: 3.9% (down from 5.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 74%, compared to a 35% growth forecast for the Machinery industry in China. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. Deputy GM & Non Independent Director Ganglin Zhang was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥154, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥130, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 41% over the past year. Announcement • Jun 01
Ningbo Zhenyu Technology Co., Ltd. Implements Final Cash Dividend for 2021, Payable on 8 June 2022 Ningbo Zhenyu Technology Co., Ltd. implemented final cash dividend per 10 shares (tax included) of CNY 1.83000000 for 2021. Record date is 7 June 2022. Ex-date is 8 June 2022. Payment date is 8 June 2022. Reported Earnings • Apr 29
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.60 (up from CN¥0.59 in 1Q 2021). Revenue: CN¥1.26b (up 146% from 1Q 2021). Net income: CN¥56.1m (up 36% from 1Q 2021). Profit margin: 4.5% (down from 8.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 54%, compared to a 30% growth forecast for the industry in China. Announcement • Apr 27
Ningbo Zhenyu Technology Co., Ltd. Approves Cash Dividend for 2021 Ningbo Zhenyu Technology Co., Ltd. at its Annual General Meeting of 2021 on 22 April 2022 approved Cash dividend of CNY 1.83000000 per 10 shares (tax included) for 2021. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥96.58, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 38% over the past year. Reported Earnings • Apr 03
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥1.95 (up from CN¥1.87 in FY 2020). Revenue: CN¥3.03b (up 154% from FY 2020). Net income: CN¥170.2m (up 31% from FY 2020). Profit margin: 5.6% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 34%, compared to a 29% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥109, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥108, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 22x in the Machinery industry in China. Board Change • Dec 31
High number of new directors Deputy GM & Non Independent Director Ganglin Zhang was the last director to join the board, commencing their role in 2019. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥136, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 24x in the Machinery industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.70 in 3Q 2020) The company reported a decent third quarter result with improved revenues, although earnings and profit margins were weaker. Third quarter 2021 results: Revenue: CN¥846.2m (up 108% from 3Q 2020). Net income: CN¥44.6m (down 8.1% from 3Q 2020). Profit margin: 5.3% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥93.97, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥90.66, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 23x in the Machinery industry in China. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.43 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: CN¥576.2m (up 142% from 2Q 2020). Net income: CN¥31.6m (down 2.7% from 2Q 2020). Profit margin: 5.5% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥107, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥99.28, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥109, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Machinery industry in China. Announcement • May 21
Ningbo Zhenyu Technology Co., Ltd. Approves Cash Dividend for 2020 Ningbo Zhenyu Technology Co., Ltd. approved cash dividend (tax included) of CNY 1.40000000 per 10 shares for 2020 at the AGM held on May 18, 2021. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 37% share price gain to CN¥82.65, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 31x in the Machinery industry in China. Announcement • Apr 27
Ningbo Zhenyu Technology Co., Ltd. Announces Cash Dividend for the Year 2020 Ningbo Zhenyu Technology Co., Ltd. announced Cash dividend/10 shares (tax included) of CNY 1.40000000 for the year 2020. 
