Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥44.93, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 14% over the past year. Major Estimate Revision • May 20
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥7.85b to CN¥8.01b. EPS estimate fell from CN¥3.18 to CN¥2.83 per share. Net income forecast to grow 97% next year vs 60% growth forecast for Electrical industry in China. Consensus price target up from CN¥60.63 to CN¥63.10. Share price rose 3.3% to CN¥57.84 over the past week. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥51.52, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.06 per share. Reported Earnings • Apr 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.88 (down from CN¥2.12 in FY 2024). Revenue: CN¥6.91b (up 7.2% from FY 2024). Net income: CN¥588.3m (down 11% from FY 2024). Profit margin: 8.5% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Announcement • Apr 29
Guangdong Mingyang Electric Co.,Ltd., Annual General Meeting, May 21, 2026 Guangdong Mingyang Electric Co.,Ltd., Annual General Meeting, May 21, 2026, at 15:00 China Standard Time. Location: No. 6, Hengmen Xingye West Road, Nanlang Town, Zhongshan, Guangdong China New Risk • Apr 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 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 31
Guangdong Mingyang Electric Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Guangdong Mingyang Electric Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥57.09, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥55.71 per share. Buy Or Sell Opportunity • Mar 11
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 61% to CN¥69.25. The fair value is estimated to be CN¥55.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥59.64, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥55.70 per share. New Risk • Feb 24
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 8.0% 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 Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Price Target Changed • Feb 14
Price target increased by 12% to CN¥58.45 Up from CN¥52.16, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥51.53. Stock is down 0.06% over the past year. The company is forecast to post earnings per share of CN¥2.64 for next year compared to CN¥2.12 last year. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥52.55, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 9.9% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.41 per share. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.1% to CN¥44.44. The fair value is estimated to be CN¥55.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Announcement • Dec 31
Guangdong Mingyang Electric Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Guangdong Mingyang Electric Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥40.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 6.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥58.14 per share. Buy Or Sell Opportunity • Nov 18
Now 21% undervalued Over the last 90 days, the stock has risen 1.2% to CN¥45.61. The fair value is estimated to be CN¥57.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 79% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.52 (vs CN¥0.61 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.52 (down from CN¥0.61 in 3Q 2024). Revenue: CN¥1.73b (up 6.7% from 3Q 2024). Net income: CN¥161.1m (down 15% from 3Q 2024). Profit margin: 9.3% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. New Risk • Oct 15
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 7.3% 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 High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Sep 30
Guangdong Mingyang Electric Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Guangdong Mingyang Electric Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥44.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 63% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥60.80 per share. Announcement • Jul 02
Guangdong Mingyang Electric Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Guangdong Mingyang Electric Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 22
Guangdong Mingyang Electric Co.,Ltd. Approves Final Dividend for 2024 Guangdong Mingyang Electric Co.,Ltd. at its AGM held on May 16, 2025, approved final cash dividend of CNY 7.20000000 per 10 shares (tax included) for 2024. Price Target Changed • May 05
Price target increased by 7.2% to CN¥52.15 Up from CN¥48.66, the current price target is an average from 3 analysts. New target price is 22% above last closing price of CN¥42.74. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥2.72 for next year compared to CN¥2.12 last year. New Risk • Apr 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% 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: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 25
Guangdong Mingyang Electric Co.,Ltd. Proposes Final Cash Dividend for 2024 Guangdong Mingyang Electric Co.,Ltd. proposed final cash dividend of CNY 7.20000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.36 (vs CN¥0.28 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.36 (up from CN¥0.28 in 1Q 2024). Revenue: CN¥1.31b (up 26% from 1Q 2024). Net income: CN¥112.3m (up 25% from 1Q 2024). Profit margin: 8.6% (down from 8.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Announcement • Apr 24
Guangdong Mingyang Electric Co.,Ltd., Annual General Meeting, May 16, 2025 Guangdong Mingyang Electric Co.,Ltd., Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: No. 6, Hengmen Xingye West Road, Nanlang Town, Zhongshan, Guangdong 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¥38.19, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 17% over the past year. Announcement • Mar 31
Guangdong Mingyang Electric Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Guangdong Mingyang Electric Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥53.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 96% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥95.57 per share. New Risk • Feb 01
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 8.8% 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 High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥51.87, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 78% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥102 per share. Announcement • Dec 31
Guangdong Mingyang Electric Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Guangdong Mingyang Electric Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥43.13, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.90 per share. Price Target Changed • Nov 02
Price target increased by 9.2% to CN¥46.87 Up from CN¥42.93, the current price target is an average from 3 analysts. New target price is 26% above last closing price of CN¥37.25. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥2.03 for next year compared to CN¥1.82 last year. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.51 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.51 in 3Q 2023). Revenue: CN¥1.62b (up 15% from 3Q 2023). Net income: CN¥189.3m (up 21% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥33.18, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.68 per share. Announcement • Sep 30
Guangdong Mingyang Electric Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Guangdong Mingyang Electric Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥38.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 38% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.57 per share. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥30.93, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 3.6% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.58 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.38 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.38 in 2Q 2023). Revenue: CN¥1.44b (up 21% from 2Q 2023). Net income: CN¥156.5m (up 32% from 2Q 2023). Profit margin: 11% (up from 9.9% in 2Q 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 16% growth forecast for the Electrical industry in China. Price Target Changed • Jul 03
Price target increased by 18% to CN¥45.00 Up from CN¥38.00, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CN¥28.78. Stock is down 9.2% over the past year. The company is forecast to post earnings per share of CN¥2.04 for next year compared to CN¥1.82 last year. Announcement • Jun 29
Guangdong Mingyang Electric Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Guangdong Mingyang Electric Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • May 26
Guangdong Mingyang Electric Co.,Ltd. Approves Cash Dividend for 2023 Guangdong Mingyang Electric Co.,Ltd. at its Annual General Meeting of 2023 on 23 May 2024, during which the company approved Cash dividend per 10 shares (tax included) of CNY 6.40000000. Announcement • Apr 27
Guangdong Mingyang Electric Co.,Ltd. Proposes Final Cash Dividend for the Year 2023 Guangdong Mingyang Electric Co.,Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: final cash dividend/10 shares (tax included): CNY 6.40000000. Announcement • Apr 26
Guangdong Mingyang Electric Co.,Ltd., Annual General Meeting, May 23, 2024 Guangdong Mingyang Electric Co.,Ltd., Annual General Meeting, May 23, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zhongshan, Guangdong China Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.19 in 1Q 2023). Revenue: CN¥1.03b (up 46% from 1Q 2023). Net income: CN¥89.8m (up 102% from 1Q 2023). Profit margin: 8.7% (up from 6.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥38.10, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.95 per share. Announcement • Mar 30
Guangdong Mingyang Electric Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Guangdong Mingyang Electric Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.96 per share. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.36, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 13x in the Electrical industry in China. Announcement • Dec 29
Guangdong Mingyang Electric Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Guangdong Mingyang Electric Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Announcement • Oct 18
Guangdong Mingyang Electric Co.,Ltd. Announces 2023 Interim Cash Dividend on A Shares, Payable on October 24, 2023 Guangdong Mingyang Electric Co.,Ltd. announced 2023 interim cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares, Payable on October 24, 2023. Record date: 23 October 2023; Ex-date: 24 October 2023. Announcement • Oct 17
Guangdong Mingyang Electric Co.,Ltd. Approves 2023 Interim Profit Distribution Guangdong Mingyang Electric Co.,Ltd. approved 2023 interim profit distribution cash dividend/10 shares (tax included): CNY 0.80000000, at the EGM held on October 13, 2023. Announcement • Sep 01
Guangdong Mingyang Electric Co.,Ltd. Proposes Interim Cash Dividend for First Half of 2023 Guangdong Mingyang Electric Co.,Ltd. proposed interim cash dividend per 10 shares (tax included) of CNY 0.80000000 for first half of 2023. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.50 (up from CN¥0.34 in 2Q 2022). Revenue: CN¥1.19b (up 55% from 2Q 2022). Net income: CN¥118.4m (up 44% from 2Q 2022). Profit margin: 9.9% (in line with 2Q 2022). Announcement • Aug 26
Guangdong Mingyang Electric Co.,Ltd. Approve Management Elections Guangdong Mingyang Electric Co.,Ltd. at its Extraordinary General Meeting held on 24 August 2023 approved the election of Zhang Chao and Sun Wenyi as non-independent director. The company approved the election of Yu Pengyi, Li Zeming and Zhang Shujun as independent director. The company approved the election of Shen Jun and Deng Deyi as non-employee supervisor. Reported Earnings • Jul 02
First quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.06 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.06 in 1Q 2022). Revenue: CN¥706.8m (up 84% from 1Q 2022). Net income: CN¥44.4m (up 230% from 1Q 2022). Profit margin: 6.3% (up from 3.5% in 1Q 2022). The increase in margin was driven by higher revenue.