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 9.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Price Target Changed • Jul 28
Price target increased by 14% to CN¥55.00 Up from CN¥48.13, the current price target is provided by 1 analyst. New target price is 51% above last closing price of CN¥36.47. Stock is down 8.6% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥0.58 last year. Announcement • Jun 30
Lucky Harvest Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Lucky Harvest Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 08
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (108% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 20% to bring the payout ratio under control. EPS is expected to grow by 87% over the next year, which is sufficient to bring the dividend into a sustainable range. New Risk • May 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Apr 23
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.58 (down from CN¥1.30 in FY 2024). Revenue: CN¥7.93b (up 18% from FY 2024). Net income: CN¥155.0m (down 57% from FY 2024). Profit margin: 2.0% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Lucky Harvest Co., Ltd., Annual General Meeting, May 13, 2026 Lucky Harvest Co., Ltd., Annual General Meeting, May 13, 2026, at 15:00 China Standard Time. Location: No. 893, Chang'an Jian'an Road, Chang'an Town,, Dongguan, Guangdong China Announcement • Mar 31
Lucky Harvest Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Lucky Harvest Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Jan 15
Now 20% undervalued Over the last 90 days, the stock has risen 4.8% to CN¥40.55. The fair value is estimated to be CN¥50.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 125% in the next 2 years. Announcement • Dec 31
Lucky Harvest Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Lucky Harvest Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Buy Or Sell Opportunity • Dec 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CN¥40.68. The fair value is estimated to be CN¥51.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 125% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.40 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (down from CN¥0.40 in 3Q 2024). Revenue: CN¥2.09b (up 22% from 3Q 2024). Net income: CN¥46.2m (down 50% from 3Q 2024). Profit margin: 2.2% (down from 5.4% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 2% per year whereas the company’s share price has fallen by 4% per year. Announcement • Sep 30
Lucky Harvest Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Lucky Harvest Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 28
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥1.94b (up 22% from 2Q 2024). Net income: CN¥26.5m (down 52% from 2Q 2024). Profit margin: 1.4% (down from 3.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% 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 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jul 02
Lucky Harvest Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Lucky Harvest Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥42.13, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 60% over the past three years. Declared Dividend • May 23
Dividend reduced to CN¥0.54 Dividend of CN¥0.54 is 11% lower than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 12% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 116% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥53.91, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 171% over the past three years. Announcement • Apr 25
Lucky Harvest Co., Ltd. Proposes Final Cash Dividend for 2024 Lucky Harvest Co., Ltd. proposed final cash dividend of CNY 5.35000000 (tax included) per ten shares for 2024. Reported Earnings • Apr 24
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: CN¥1.70 (down from CN¥2.30 in FY 2023). Revenue: CN¥6.74b (up 18% from FY 2023). Net income: CN¥359.4m (down 12% from FY 2023). Profit margin: 5.3% (down from 7.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%. Revenue is forecast to grow 18% p.a. on average during the next 2 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 40% per year whereas the company’s share price has increased by 36% per year. Announcement • Apr 23
Lucky Harvest Co., Ltd., Annual General Meeting, May 15, 2025 Lucky Harvest Co., Ltd., Annual General Meeting, May 15, 2025, at 15:00 China Standard Time. Location: No. 893, Chang'an Jian'an Road, Chang'an Town, Dongguan, Guangdong China Announcement • Mar 31
Lucky Harvest Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Lucky Harvest Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥56.82, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 148% over the past three years. New Risk • Mar 11
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 10% 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 (10% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥58.43, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 146% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥56.14, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 109% over the past three years. New Risk • Feb 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 8.6% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥50.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥36.26, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 48% over the past three years. Announcement • Dec 31
Lucky Harvest Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Lucky Harvest Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.61 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.52 (down from CN¥0.61 in 3Q 2023). Revenue: CN¥1.72b (up 19% from 3Q 2023). Net income: CN¥92.5m (down 15% from 3Q 2023). Profit margin: 5.4% (down from 7.5% in 3Q 2023). 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 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥27.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Sep 30
Lucky Harvest Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Lucky Harvest Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥27.55, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 16% over the past three years. Announcement • Jun 29
Lucky Harvest Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Lucky Harvest Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.68 (vs CN¥0.46 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.68 (up from CN¥0.46 in 1Q 2023). Revenue: CN¥1.57b (up 37% from 1Q 2023). Net income: CN¥121.2m (up 48% from 1Q 2023). Profit margin: 7.7% (up from 7.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 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 49% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
Lucky Harvest Co., Ltd. Announces the Profit Distribution Proposal of Cash Dividend for 2023 Lucky Harvest Co., Ltd. announced the profit distribution proposal of cash dividend (tax included) of CNY 6.0000000 for 10 shares for 2023. Announcement • Apr 26
Lucky Harvest Co., Ltd., Annual General Meeting, May 16, 2024 Lucky Harvest Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: No. 893, Changanjianan Road, Changan Town,, Dongguan, Guangdong China Reported Earnings • Apr 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥2.30 (up from CN¥1.55 in FY 2022). Revenue: CN¥5.70b (up 33% from FY 2022). Net income: CN¥406.7m (up 59% from FY 2022). Profit margin: 7.1% (up from 6.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 32% 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 42% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Lucky Harvest Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Lucky Harvest Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥35.71, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 8.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.72 per share. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥29.69, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 5.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.39 per share. Announcement • Dec 29
Lucky Harvest Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Lucky Harvest Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Oct 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.61 (vs CN¥0.57 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.61 (up from CN¥0.57 in 3Q 2022). Revenue: CN¥1.46b (up 17% from 3Q 2022). Net income: CN¥109.3m (up 19% from 3Q 2022). Profit margin: 7.5% (up from 7.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.48 (up from CN¥0.27 in 2Q 2022). Revenue: CN¥1.30b (up 36% from 2Q 2022). Net income: CN¥86.0m (up 106% from 2Q 2022). Profit margin: 6.6% (up from 4.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥47.82, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 25% over the past three years. Announcement • Jul 01
Lucky Harvest Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Lucky Harvest Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • Jun 14
Lucky Harvest Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on June 21, 2023 Lucky Harvest Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 4.36000000 on A shares for the year 2022. Record date is June 20, 2023. Ex-date is May June 21, 2023. Payment date is June 21, 2023. Announcement • May 19
Lucky Harvest Co., Ltd. Approves the Cash Dividend for the Year 2022 Lucky Harvest Co., Ltd. approved the cash dividend of CNY 4.36000 (tax included) per 10 shares for the year 2022, at the AGM held on May 17, 2023. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥52.36, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • Apr 26
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥1.55 (up from CN¥0.42 in FY 2021). Revenue: CN¥4.29b (up 81% from FY 2021). Net income: CN¥256.6m (up 300% from FY 2021). Profit margin: 6.0% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥67.29, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥56.31, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 70% over the past three years. Board Change • Nov 16
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. 2 experienced directors. 3 highly experienced directors. Independent Director Xie Canghui 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 • Nov 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥61.76, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 73% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.57 (vs CN¥0.045 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.57 (up from CN¥0.045 in 3Q 2021). Revenue: CN¥1.25b (up 123% from 3Q 2021). Net income: CN¥92.0m (up CN¥85.2m from 3Q 2021). Profit margin: 7.4% (up from 1.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥957.5m (up 83% from 2Q 2021). Net income: CN¥41.8m (up 142% from 2Q 2021). Profit margin: 4.4% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 27%, compared to a 36% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥29.61, the stock trades at a trailing P/E ratio of 67.9x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 22% over the past year. Announcement • Jun 01
Lucky Harvest Co., Ltd. Implements 2021 Final Profit Distribution Plan for A Shares, Payable on 08 June 2022 Lucky Harvest Co., Ltd. implemented 2021 final profit distribution plan (A shares) of Cash dividend per 10 shares (tax included) of CNY 1.25999100. Record date is 07 June 2022. Ex-date is 08 June 2022. Payment date is 08 June 2022. Announcement • May 26
Lucky Harvest Co., Ltd. Announces Management Changes Lucky Harvest Co., Ltd. at the extraordinary general meeting held on May 23, 2022 approved election of Chen Rong, Xie Xiangwa and Chen Zhenhai as non-independent directors, Huang Yipengand Tang Yong as independent directors and Li Shan, Gao Dahui as non-employee supervisors. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥25.54, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 8.5% over the past year. Announcement • May 15
Lucky Harvest Co., Ltd. Approves Cash Dividend for the Year 2021 Lucky Harvest Co., Ltd. announced that at the AGM was held on 12 May 2022, the company approved cash dividend of CNY 1.26000000 per 10 shares (tax included) for 2021. 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. Announcement • Apr 24
Lucky Harvest Co., Ltd., Annual General Meeting, May 12, 2022 Lucky Harvest Co., Ltd., Annual General Meeting, May 12, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2022 financial budget report; and to consider Reappointment of 2022 audit firm. Announcement • Apr 23
Lucky Harvest Co., Ltd. Proposes Cash Dividend for 2021 Lucky Harvest Co., Ltd. announced on 22 April 2022 the profit distribution proposal for 2021 as cash dividend/10 shares (tax included): CNY 1.26000000. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.045 (vs CN¥0.28 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥558.8m (up 22% from 3Q 2020). Net income: CN¥6.82m (down 84% from 3Q 2020). Profit margin: 1.2% (down from 9.0% in 3Q 2020). Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.25 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥522.8m (up 8.1% from 2Q 2020). Net income: CN¥17.3m (down 55% from 2Q 2020). Profit margin: 3.3% (down from 7.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥25.28, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 31x in the Machinery industry in China. Total loss to shareholders of 29% over the past year. Announcement • May 12
Lucky Harvest Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on 18 May 2021 Lucky Harvest Co.,Ltd. announced final cash dividend (tax included) of CNY 3.23000000 per 10 shares (A shares) for the year 2020. The dividend is payable on 18 May 2021 to shareholders on record of 17 May 2021 with ex-date as 18 May 2021. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥1.07 (vs CN¥1.27 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.84b (up 15% from FY 2019). Net income: CN¥161.6m (up 6.8% from FY 2019). Profit margin: 8.8% (in line with FY 2019). Is New 90 Day High Low • Mar 12
New 90-day high: CN¥37.20 The company is up 9.0% from its price of CN¥34.14 on 11 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Announcement • Mar 09
Lucky Harvest Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 Lucky Harvest Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥36.35, the stock is trading at a trailing P/E ratio of 34.9x, up from the previous P/E ratio of 30.4x. This compares to an average P/E of 34x in the Machinery industry in China. Total return to shareholders over the past year is a loss of 11%. Is New 90 Day High Low • Jan 22
New 90-day low: CN¥27.64 The company is down 18% from its price of CN¥33.72 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥31.95 The company is down 11% from its price of CN¥35.87 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 Machinery industry, which is up 6.0% 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¥153.6m, largely unchanged from the prior year. Total revenue was CN¥1.77b over the last 12 months, up 17% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥34.89 The company is down 8.0% from its price of CN¥38.00 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. Announcement • Jul 25
Lucky Harvest Co.,Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Lucky Harvest Co.,Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 
