Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.054 (vs CN¥0.003 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.054 (up from CN¥0.003 loss in 1Q 2025). Revenue: CN¥100.0m (up 94% from 1Q 2025). Net income: CN¥12.3m (up CN¥12.9m from 1Q 2025). Profit margin: 12% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 29
Upcoming dividend of CN¥0.05 per share Eligible shareholders must have bought the stock before 06 May 2026. Payment date: 06 May 2026. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (1.3%). Announcement • Mar 31
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.27 (down from CN¥0.32 in FY 2024). Revenue: CN¥710.5m (down 18% from FY 2024). Net income: CN¥60.1m (down 17% from FY 2024). Profit margin: 8.5% (up from 8.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Sichuan Shudao Equipment & Technology Co.,Ltd., Annual General Meeting, Apr 21, 2026 Sichuan Shudao Equipment & Technology Co.,Ltd., Annual General Meeting, Apr 21, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.71, the stock trades at a trailing P/E ratio of 69.3x. Average trailing P/E is 55x in the Machinery industry in China. Total returns to shareholders of 57% over the past three years. New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 31
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.04 (down from CN¥0.11 in 3Q 2024). Revenue: CN¥258.7m (down 25% from 3Q 2024). Net income: CN¥9.28m (down 60% from 3Q 2024). Profit margin: 3.6% (down from 6.7% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% 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 108% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 18
Sichuan Shudao Equipment & Technology Co.,Ltd. Proposes Cash Dividend for 2024 Sichuan Shudao Equipment & Technology Co.,Ltd. announced on 17 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000. Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: CN¥0.45 (vs CN¥0.20 in FY 2023) Full year 2024 results: EPS: CN¥0.45 (up from CN¥0.20 in FY 2023). Revenue: CN¥861.5m (up 29% from FY 2023). Net income: CN¥72.4m (up 122% from FY 2023). Profit margin: 8.4% (up from 4.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Sichuan Shudao Equipment & Technology Co.,Ltd., Annual General Meeting, May 07, 2025 Sichuan Shudao Equipment & Technology Co.,Ltd., Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥19.19, the stock trades at a trailing P/E ratio of 75.6x. Average trailing P/E is 40x in the Machinery industry in China. Total loss to shareholders of 16% over the past three years. Announcement • Mar 31
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Board Change • Jan 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. 12 experienced directors. No highly experienced directors. Non-Independent Director Bing Tu was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 31
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.042 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.042 in 3Q 2023). Revenue: CN¥345.1m (up 48% from 3Q 2023). Net income: CN¥23.0m (up 237% from 3Q 2023). Profit margin: 6.7% (up from 2.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% 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 84% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 08
Second quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.057 loss in 2Q 2023) Second quarter 2024 results: CN¥0.022 loss per share (improved from CN¥0.057 loss in 2Q 2023). Revenue: CN¥111.4m (up 15% from 2Q 2023). Net loss: CN¥3.79m (loss narrowed 59% from 2Q 2023). Revenue is forecast to grow 17% 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 56% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 08, 2024 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 08, 2024 Reported Earnings • Mar 31
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.20 (up from CN¥0.16 loss in FY 2022). Revenue: CN¥668.4m (up 180% from FY 2022). Net income: CN¥32.6m (up CN¥57.7m from FY 2022). Profit margin: 4.9% (up from net loss in FY 2022). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 29% 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 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Mar 27
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: Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Announcement • Dec 29
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.037 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.042 (up from CN¥0.037 in 3Q 2022). Revenue: CN¥232.9m (up 201% from 3Q 2022). Net income: CN¥6.84m (up 15% from 3Q 2022). Profit margin: 2.9% (down from 7.7% in 3Q 2022). Revenue is forecast to grow 35% 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 fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 New Risk • Aug 09
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CN¥106m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-CN¥106m). Announcement • Jul 01
Sichuan Shudao Equipment & Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Sichuan Shudao Equipment & Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 New Risk • Jun 28
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 9.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 01
Full year 2022 earnings released: CN¥0.16 loss per share (vs CN¥0.61 loss in FY 2021) Full year 2022 results: CN¥0.16 loss per share (improved from CN¥0.61 loss in FY 2021). Revenue: CN¥239.0m (down 55% from FY 2021). Net loss: CN¥25.1m (loss narrowed 67% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Bing Tu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.037 (vs CN¥0.027 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.037 (up from CN¥0.027 in 3Q 2021). Revenue: CN¥77.3m (down 15% from 3Q 2021). Net income: CN¥5.96m (up 79% from 3Q 2021). Profit margin: 7.7% (up from 3.7% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 23
Sichuan Yumingyao New Energy Co., Ltd signed the Share Transfer Agreement to acquire 8.5% stake in Sichuan Shudao Equipment and Technology Co., Ltd. (SZSE:300540) from Suichuan Ruizhong Enterprise Management Service Center (Limited Partnership) and Pang Qinying for CNY 260.38 million. Sichuan Yumingyao New Energy Co., Ltd signed the Share Transfer Agreement to acquire 8.5% stake in Sichuan Shudao Equipment and Technology Co., Ltd. (SZSE:300540) from Suichuan Ruizhong Enterprise Management Service Center (Limited Partnership) and Pang Qinying on June 6, 2022.
Sichuan Yumingyao New Energy Co., Ltd completed the acquisition of 8.5% stake in Sichuan Shudao Equipment and Technology Co., Ltd. (SZSE:300540) from Suichuan Ruizhong Enterprise Management Service Center (Limited Partnership) and Pang Qinying for CNY 260.38 million on June 6, 2022. Reported Earnings • Aug 11
Second quarter 2022 earnings released: CN¥0.077 loss per share (vs CN¥0.074 profit in 2Q 2021) Second quarter 2022 results: CN¥0.077 loss per share (down from CN¥0.074 profit in 2Q 2021). Revenue: CN¥26.5m (down 80% from 2Q 2021). Net loss: CN¥13.2m (down 243% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Bing Tu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.042 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.042 loss in 1Q 2021). Revenue: CN¥51.5m (up 52% from 1Q 2021). Net income: CN¥15.3m (up CN¥20.6m from 1Q 2021). Profit margin: 30% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jan 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Bing Tu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.02 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥91.1m (down 13% from 3Q 2020). Net income: CN¥3.32m (up CN¥5.85m from 3Q 2020). Profit margin: 3.7% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.074 (vs CN¥0.15 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥133.5m (down 10% from 2Q 2020). Net income: CN¥9.24m (down 51% from 2Q 2020). Profit margin: 6.9% (down from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.076 (vs CN¥0.06 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¥518.7m (up 19% from FY 2019). Net income: CN¥9.43m (up 27% from FY 2019). Profit margin: 1.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Feb 10
Chengdu Shenleng Liquefaction Plant Co., Ltd. Approves Executives Appointments Chengdu Shenleng Liquefaction Plant Co., Ltd. at its extraordinary general meeting held on February 8, 2021 approved appointments of Luo Xiaoyong, Zhou Rong, Chen Yi and Wu Xurui as non-independent directors. the company also appointed Xu Zhongli as a non-employee supervisor. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥15.11 The company is down 39% from its price of CN¥24.90 on 06 November 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 2.0% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: CN¥28.43 The company is up 83% from its price of CN¥15.52 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is flat over the same period. Announcement • Oct 16
Chengdu Shenleng Liquefaction Plant Co., Ltd. (SZSE:300540) intends to acquire 55% stake in Shenzhen Lijian Defense Technology Co., Ltd. from Lijian Defense Technology Group Co., Ltd. for approximately CNY 260 million. Chengdu Shenleng Liquefaction Plant Co., Ltd. (SZSE:300540) intends to acquire 55% stake in Shenzhen Lijian Defense Technology Co., Ltd. from Lijian Defense Technology Group Co., Ltd. for approximately CNY 260 million on October 15, 2020. In the related transaction Chengdu Shenleng Liquefaction Plant Co., Ltd. plans to increase its capital by CNY 30 million in Shenzhen Lijian Defense Technology Co., Ltd. After the acquisition, Chengdu Shenleng Liquefaction Plant Co., Ltd. holds 57.65% stake, Lijian Defense Technology Group Co., Ltd. holds 13.26% stake, Fang Yu holds 17.45% stake and Shaanxi Normal University Asset Management Co., Ltd. holds 11.64% stake. As of June 30, 2020, Shenzhen Lijian Defense Technology Co., Ltd. recorded total assets of CNY 74.3 million total common equity of CNY 29.4 million. As of December 31, 2019, Shenzhen Lijian Defense Technology Co., Ltd. recorded total revenues of CNY 27.6 million, operating profit of CNY 4.6 million and net profit of CNY 2.4 million. As of October 15, 2020, board of directors of Chengdu Shenleng Liquefaction Plant Co., Ltd. approved the deal. Is New 90 Day High Low • Oct 16
New 90-day high: CN¥24.12 The company is up 75% from its price of CN¥13.80 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Sep 19
New 90-day high: CN¥22.12 The company is up 70% from its price of CN¥12.99 on 19 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. Announcement • Sep 01
Chengdu Shenleng Liquefaction Plant Co., Ltd. Announces Change of Accounting Policy Chengdu Shenleng Liquefaction Plant Co., Ltd. announced Change of Accounting Policy. Announcement • Aug 13
Chengdu Shenleng Liquefaction Plant Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Chengdu Shenleng Liquefaction Plant Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Aug 06
Sichuan Transportation Investment Industrial Co., Ltd. entered itno an agreement to acquire 9.73% stake in Chengdu Shenleng Liquefaction Plant Co., Ltd. (SZSE:300540) from Xie Lemin and other 8 natural persons for approximately CNY 220 million. Sichuan Transportation Investment Industrial Co., Ltd. entered itno an agreement to acquire 9.73% stake in Chengdu Shenleng Liquefaction Plant Co., Ltd. (SZSE:300540) from Xie Lemin and other 8 natural persons for approximately CNY 220 million on August 1, 2020. Sichuan Transportation will acquire 12.13 million shares and the consideration will be paid in cash. Sichuan Transportation will pay 30% of the consideration within 10 working days from the effective date of this agreement, 50% of the consideration within the day when obtained the compliance confirmation opinion of the Shenzhen Stock Exchange for the share transfer and the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited completes the transfer and registration of the shares of the subject and the remaining 20% of consideration within 10 working days from the date when the company completes the re-election of the board of directors and senior management. Before the transaction, Sichuan Transportation Investment didn’t hold any company shares; After the completion of this equity change, Sichuan Transportation Investment will control the company by controlling the voting rights of 36,720,823 shares of the company. 
