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 0.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (34% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. EPS is expected to grow by 67% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Jun 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 44% 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 Dividend is not well covered by earnings (91% payout ratio). Large one-off items impacting financial results. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.17 in FY 2024) Full year 2025 results: EPS: CN¥0.22 (up from CN¥0.17 in FY 2024). Revenue: CN¥1.58b (up 5.8% from FY 2024). Net income: CN¥26.5m (up 25% from FY 2024). Profit margin: 1.7% (up from 1.4% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Ningbo Lehui International Engineering Equipment Co.,Ltd, Annual General Meeting, May 26, 2026 Ningbo Lehui International Engineering Equipment Co.,Ltd, Annual General Meeting, May 26, 2026, at 14:00 China Standard Time. Location: 2F, No. 1, Zhaohui Road, Xizhou Town, Xiangshan County, Ningbo, Zhejiang China New Risk • Apr 08
New major risk - Revenue and earnings growth Earnings have declined by 37% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (352% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Mar 30
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Mar 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to CN¥24.38. The fair value is estimated to be CN¥20.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 10.0% in 2 years. Earnings are forecast to grow by 205% in the next 2 years. Announcement • Dec 26
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Buy Or Sell Opportunity • Dec 05
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to CN¥23.87. The fair value is estimated to be CN¥19.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 10.0% in 2 years. Earnings are forecast to grow by 205% in the next 2 years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.069 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥334.2m (up 21% from 3Q 2024). Net income: CN¥7.96m (down 56% from 3Q 2024). Profit margin: 2.4% (down from 6.6% in 3Q 2024). Revenue is forecast to grow 5.5% 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 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 04
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 8.4% 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 Dividend is not well covered by earnings (192% payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Declared Dividend • May 26
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 167% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (192% earnings payout ratio). However, it is well covered by cash flows (13% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 113% to bring the payout ratio under control. EPS is expected to grow by 143% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 160% 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 Dividend is not well covered by earnings (192% payout ratio). Large one-off items impacting financial results. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.03 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.07 (up from CN¥0.03 in 1Q 2024). Revenue: CN¥206.2m (down 5.9% from 1Q 2024). Net income: CN¥8.94m (up 161% from 1Q 2024). Profit margin: 4.3% (up from 1.6% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 22% 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 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 25
Ningbo Lehui International Engineering Equipment Co.,Ltd, Annual General Meeting, May 15, 2025 Ningbo Lehui International Engineering Equipment Co.,Ltd, Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 2F, No. 1, Zhaohui Road, Xizhou Town, Xiangshan County, Ningbo, Zhejiang China Announcement • Mar 28
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Fiscal Year 2024 Results on Apr 30, 2025 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.025 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.025 in 3Q 2023). Revenue: CN¥276.5m (flat on 3Q 2023). Net income: CN¥18.3m (up CN¥15.4m from 3Q 2023). Profit margin: 6.6% (up from 1.0% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 10
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: 0.5% Last year net profit margin: 1.1% 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: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Jun 28
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 03
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 8.2% 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 Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Announcement • Apr 29
Ningbo Lehui International Engineering Equipment Co.,Ltd, Annual General Meeting, May 17, 2024 Ningbo Lehui International Engineering Equipment Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.18 in FY 2022) Full year 2023 results: EPS: CN¥0.16 (down from CN¥0.18 in FY 2022). Revenue: CN¥1.65b (up 37% from FY 2022). Net income: CN¥19.7m (down 10% from FY 2022). Profit margin: 1.2% (down from 1.8% in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 29
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.025 (vs CN¥0.092 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.025 (down from CN¥0.092 in 3Q 2022). Revenue: CN¥278.1m (down 6.4% from 3Q 2022). Net income: CN¥2.91m (down 74% from 3Q 2022). Profit margin: 1.0% (down from 3.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥521.0m (down 18% from 2Q 2022). Net income: CN¥27.2m (up 23% from 2Q 2022). Profit margin: 5.2% (up from 3.5% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Aug 10
Ningbo Lehui International Engineering Equipment Co.,Ltd announced that it expects to receive CNY 463.5043 million in funding Ningbo Lehui International Engineering Equipment Co.,Ltd announced a private placement to issue not more than 36,210,403 shares for an aggregate gross proceeds of not more than CNY 463,504,300 on August 10, 2023. The company shall issue shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from no more than 35 investors. The transaction has been approved by the 14th meeting of the company's third board of directors and it still needs to be approved by the company's general meeting of shareholders, by the China Securities Regulatory Commission and by the Shanghai Stock Exchange. Announcement • Jun 28
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.17 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.17 in 1Q 2022). Revenue: CN¥320.4m (up 3.0% from 1Q 2022). Net income: CN¥6.98m (down 63% from 1Q 2022). Profit margin: 2.2% (down from 6.0% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent 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. 3 independent directors (7 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.092 (vs CN¥0.09 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.092 (up from CN¥0.09 in 3Q 2021). Revenue: CN¥297.1m (up 30% from 3Q 2021). Net income: CN¥11.4m (up 4.6% from 3Q 2021). Profit margin: 3.8% (down from 4.8% in 3Q 2021). Revenue is expected to decline by 29% p.a. on average during the next 3 years, while revenues in the Machinery industry in China are expected to grow by 23%. 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 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥634.6m (up 126% from 2Q 2021). Net income: CN¥22.1m (up 18% from 2Q 2021). Profit margin: 3.5% (down from 6.7% in 2Q 2021). Over the next year, revenue is expected to shrink by 72% compared to a 35% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 34% per year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.31 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.31 in 1Q 2021). Revenue: CN¥311.2m (up 41% from 1Q 2021). Net income: CN¥18.7m (down 50% from 1Q 2021). Profit margin: 6.0% (down from 17% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent 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. 3 independent directors (7 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 21
Full year 2021 earnings released: EPS: CN¥0.45 (vs CN¥1.01 in FY 2020) Full year 2021 results: EPS: CN¥0.45 (down from CN¥1.01 in FY 2020). Revenue: CN¥989.4m (up 16% from FY 2020). Net income: CN¥46.3m (down 56% from FY 2020). Profit margin: 4.7% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥31.00, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 61% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥228.6m (up 4.7% from 3Q 2020). Net income: CN¥10.9m (down 50% from 3Q 2020). Profit margin: 4.8% (down from 10.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.32 (vs CN¥0.17 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥280.6m (up 27% from 2Q 2020). Net income: CN¥18.7m (up 5.8% from 2Q 2020). Profit margin: 6.7% (down from 8.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥43.99, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥70.25, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥64.96, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 34x in the Machinery industry in China. Total returns to shareholders of 100% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥1.42 (vs CN¥0.33 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥852.1m (up 13% from FY 2019). Net income: CN¥105.7m (up CN¥130.5m from FY 2019). Profit margin: 12% (up from net loss in FY 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 05
New 90-day high: CN¥53.08 The company is up 40% from its price of CN¥37.80 on 06 November 2020. The Chinese market is up 5.0% 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. Is New 90 Day High Low • Dec 10
New 90-day high: CN¥49.06 The company is up 4.0% from its price of CN¥47.20 on 11 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 8.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: CN¥35.85 The company is down 8.0% from its price of CN¥38.99 on 12 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥2.12m, down 94% from the prior year. Total revenue was CN¥778.9m over the last 12 months, down 12% from the prior year. Announcement • Jul 10
Ningbo Lehui International Engineering Equipment Co.,Ltd to Report First Half, 2020 Results on Aug 28, 2020 Ningbo Lehui International Engineering Equipment Co.,Ltd announced that they will report first half, 2020 results on Aug 28, 2020