Price Target Changed • Apr 25
Price target decreased by 28% to CN¥32.00 Down from CN¥44.50, the current price target is provided by 1 analyst. New target price is 34% above last closing price of CN¥23.82. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥1.34 for next year compared to CN¥1.09 last year. Announcement • Apr 24
Kunshan Huguang Auto Harness Co.,Ltd., Annual General Meeting, May 19, 2026 Kunshan Huguang Auto Harness Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 4F, No. 388, Huguang Road, Zhangpu Town, Kunshan, Jiangsu China New Risk • Apr 24
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: 4.9% Last year net profit margin: 8.4% 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: Minor Risks Dividend is not well covered by cash flows (184% cash payout ratio). Profit margins are more than 30% lower than last year (4.9% net profit margin). Announcement • Mar 30
Kunshan Huguang Auto Harness Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 26
Kunshan Huguang Auto Harness Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.42 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.34 (down from CN¥0.42 in 3Q 2024). Revenue: CN¥2.21b (up 4.5% from 3Q 2024). Net income: CN¥148.4m (down 19% from 3Q 2024). Profit margin: 6.7% (down from 8.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Kunshan Huguang Auto Harness Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Price Target Changed • Aug 29
Price target increased by 8.5% to CN¥44.50 Up from CN¥41.00, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥33.30. Stock is up 39% over the past year. The company is forecast to post earnings per share of CN¥1.84 for next year compared to CN¥1.53 last year. Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.42 (vs CN¥0.34 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.42 (up from CN¥0.34 in 2Q 2024). Revenue: CN¥2.09b (up 11% from 2Q 2024). Net income: CN¥183.3m (up 19% from 2Q 2024). Profit margin: 8.8% (up from 8.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Kunshan Huguang Auto Harness Co.,Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 New Risk • May 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 382% Dividend yield: 0.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (58% net debt to equity). Dividend is not well covered by cash flows (382% cash payout ratio). New Risk • May 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% 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 (25% accrual ratio). Minor Risk High level of debt (59% net debt to equity). Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.24 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.21 (down from CN¥0.24 in 1Q 2024). Revenue: CN¥1.54b (flat on 1Q 2024). Net income: CN¥93.1m (down 7.6% from 1Q 2024). Profit margin: 6.0% (down from 6.6% in 1Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Kunshan Huguang Auto Harness Co.,Ltd., Annual General Meeting, May 20, 2025 Kunshan Huguang Auto Harness Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 4F, No. 388, Huguang Road, Zhangpu Town, Kunshan, Jiangsu China Price Target Changed • Apr 16
Price target increased by 16% to CN¥43.25 Up from CN¥37.40, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CN¥30.52. Stock is up 32% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥0.13 last year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.64, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Auto Components industry in China. Total returns to shareholders of 59% over the past three years. New Risk • Apr 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 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Share price has been volatile over the past 3 months (7.6% average weekly change). Announcement • Mar 28
Kunshan Huguang Auto Harness Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Mar 13
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at CN¥33.39. The fair value is estimated to be CN¥43.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 118%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥38.67, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Auto Components industry in China. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.68 per share. Buy Or Sell Opportunity • Feb 11
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at CN¥35.55. The fair value is estimated to be CN¥46.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 118%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Price Target Changed • Jan 27
Price target increased by 11% to CN¥39.40 Up from CN¥35.40, the current price target is an average from 3 analysts. New target price is 10% above last closing price of CN¥35.81. Stock is up 111% over the past year. The company is forecast to post earnings per share of CN¥1.41 for next year compared to CN¥0.13 last year. Buy Or Sell Opportunity • Jan 22
Now 22% undervalued Over the last 90 days, the stock has risen 19% to CN¥35.93. The fair value is estimated to be CN¥45.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 118%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Announcement • Dec 27
Kunshan Huguang Auto Harness Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Buy Or Sell Opportunity • Nov 15
Now 20% undervalued Over the last 90 days, the stock has risen 45% to CN¥34.60. The fair value is estimated to be CN¥43.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 118%. Revenue is forecast to grow by 58% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Price Target Changed • Oct 30
Price target increased by 8.3% to CN¥35.40 Up from CN¥32.70, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥34.71. Stock is up 81% over the past year. The company is forecast to post earnings per share of CN¥1.32 for next year compared to CN¥0.13 last year. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.041 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.42 (up from CN¥0.041 in 3Q 2023). Revenue: CN¥2.11b (up 121% from 3Q 2023). Net income: CN¥183.4m (up CN¥165.1m from 3Q 2023). Profit margin: 8.7% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. 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 41% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Kunshan Huguang Auto Harness Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥29.22, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.88 per share. Major Estimate Revision • Sep 03
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥7.63b to CN¥7.74b. EPS estimate increased from CN¥1.14 to CN¥1.27 per share. Net income forecast to grow 84% next year vs 36% growth forecast for Auto Components industry in China. Consensus price target up from CN¥32.70 to CN¥33.37. Share price was steady at CN¥23.39 over the past week. Reported Earnings • Sep 02
Second quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.032 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.34 (up from CN¥0.032 loss in 2Q 2023). Revenue: CN¥1.89b (up 149% from 2Q 2023). Net income: CN¥154.2m (up CN¥170.4m from 2Q 2023). Profit margin: 8.2% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 03
Now 21% undervalued Over the last 90 days, the stock has risen 9.9% to CN¥26.68. The fair value is estimated to be CN¥33.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 294% in the next 2 years. Announcement • Jun 28
Kunshan Huguang Auto Harness Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • May 11
Kunshan Huguang Auto Harness Co.,Ltd., Annual General Meeting, May 31, 2024 Kunshan Huguang Auto Harness Co.,Ltd., Annual General Meeting, May 31, 2024, at 14:00 China Standard Time. Location: 4F, No. 388, Huguang Road, Zhangpu Town, Kunshan, Jiangsu China New Risk • May 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Major Estimate Revision • May 02
Consensus revenue estimates increase by 23% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥6.51b to CN¥7.99b. EPS estimate increased from CN¥0.703 to CN¥1.16 per share. Net income forecast to grow 200% next year vs 33% growth forecast for Auto Components industry in China. Consensus price target up from CN¥25.65 to CN¥31.70. Share price rose 18% to CN¥28.86 over the past week. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.06 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.06 loss in 1Q 2023). Revenue: CN¥1.53b (up 134% from 1Q 2023). Net income: CN¥100.8m (up CN¥125.7m from 1Q 2023). Profit margin: 6.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 29
Kunshan Huguang Auto Harness Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Feb 02
Kunshan Huguang Auto Harness Co.,Ltd. announced that it expects to receive CNY 885 million in funding Kunshan Huguang Auto Harness Co.,Ltd. announced a private placement to issue not more than 131,032,824 common shares for the gross proceeds of CNY 885,000,000 on January 31, 2024. Announcement • Dec 29
Kunshan Huguang Auto Harness Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Oct 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% 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 Risks Interest payments are not well covered by earnings (0.6x net interest cover). High level of non-cash earnings (36% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.041 (vs CN¥0.043 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.041 (down from CN¥0.043 in 3Q 2022). Revenue: CN¥954.8m (up 1.0% from 3Q 2022). Net income: CN¥18.3m (down 6.4% from 3Q 2022). Profit margin: 1.9% (down from 2.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Kunshan Huguang Auto Harness Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). New Risk • Jul 28
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 Risks Interest payments are not well covered by earnings (0.9x net interest cover). High level of non-cash earnings (42% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Jun 28
Kunshan Huguang Auto Harness Co.,Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Kunshan Huguang Auto Harness Co.,Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.003 loss in FY 2021) Full year 2022 results: EPS: CN¥0.10 (up from CN¥0.003 loss in FY 2021). Revenue: CN¥3.28b (up 34% from FY 2021). Net income: CN¥41.1m (up CN¥42.1m from FY 2021). Profit margin: 1.3% (up from 0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Auto Components industry in China. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.053 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.043. Revenue: CN¥945.2m (up 44% from 3Q 2021). Net income: CN¥19.6m (up 1.7% from 3Q 2021). Profit margin: 2.1% (down from 2.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components industry in China. Reported Earnings • Apr 30
Full year 2021 earnings released: CN¥0.003 loss per share (vs CN¥0.20 profit in FY 2020) Full year 2021 results: CN¥0.003 loss per share (down from CN¥0.20 profit in FY 2020). Revenue: CN¥2.45b (up 60% from FY 2020). Net loss: CN¥1.06m (down 101% from profit in FY 2020). Profit margin: 0% (down from 4.8% in FY 2020). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥13.98, the stock trades at a trailing P/E ratio of 74x. Average trailing P/E is 37x in the Auto Components industry in China. Total loss to shareholders of 18% over the past year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.053 (vs CN¥0.05 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥655.8m (up 63% from 3Q 2020). Net income: CN¥19.2m (down 7.0% from 3Q 2020). Profit margin: 2.9% (down from 5.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Announcement • Sep 15
Kunshan Huguang Auto Harness Co.,Ltd. announced that it expects to receive CNY 703 million in funding Kunshan Huguang Auto Harness Co.,Ltd. announced a private placement for the gross proceeds of CNY 703,000,000 on September 13, 2021. The company will issue A shares in the transaction. All the shares issued will be subscribed in cash. The transaction will include subscribers of no more than 35 in number who meet the requirements of the China Securities Regulatory Commission. The shares subscribed by the target of this issuance shall not be transferred within six months from the end of the issuance. Post the completion of the issuance of A shares, the controlling shareholder and actual controller of the company will remain unchanged. The transaction has been reviewed and approved at the fourth meeting of the second board of directors of the company and by the China Securities Regulatory Commission. Reported Earnings • Aug 27
Second quarter 2021 earnings released The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥577.9m (up 67% from 2Q 2020). Net income: CN¥18.9m (up 1.6% from 2Q 2020). Profit margin: 3.3% (down from 5.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥13.16 The company is down 24% from its price of CN¥17.25 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is down 6.0% over the same period. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥14.07, the stock is trading at a trailing P/E ratio of 62.8x, down from the previous P/E ratio of 76.2x. This compares to an average P/E of 33x in the Auto Components industry in China. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥13.79 The company is down 20% from its price of CN¥17.18 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥15.02 The company is down 8.0% from its price of CN¥16.29 on 25 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 Auto Components industry, which is up 5.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥87.4m, down 8.0% from the prior year. Total revenue was CN¥1.45b over the last 12 months, down 8.1% from the prior year. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 19% share price gain to CN¥18.62, the stock is trading at a trailing P/E ratio of 76.2x, up from the previous P/E ratio of 64x. This compares to an average P/E of 43x in the Auto Components industry in China.