Valuation Update With 7 Day Price Move • 13h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥34.25, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 51x in the Machinery industry in China. Total returns to shareholders of 186% over the past three years. Announcement • 15h
Zhejiang Langdi Group Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Zhejiang Langdi Group Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 15
Dividend increased to CN¥0.55 Dividend of CN¥0.55 is 38% higher than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (44% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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. This is currently the only risk that has been identified for the company. Announcement • Apr 24
Zhejiang Langdi Group Co., Ltd., Annual General Meeting, May 19, 2026 Zhejiang Langdi Group Co., Ltd., Annual General Meeting, May 19, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Yuyao, Zhejiang China Announcement • Mar 30
Zhejiang Langdi Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Zhejiang Langdi Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Zhejiang Langdi Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Zhejiang Langdi Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥436.6m (flat on 3Q 2024). Net income: CN¥85.2m (up 130% from 3Q 2024). Profit margin: 20% (up from 8.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Langdi Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Zhejiang Langdi Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥23.89, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 50x in the Machinery industry in China. Total returns to shareholders of 81% over the past three years. New Risk • Jul 11
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 7.0% 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: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥20.57, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 44x in the Machinery industry in China. Total returns to shareholders of 80% over the past three years. Announcement • Jun 30
Zhejiang Langdi Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Zhejiang Langdi Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 23
Dividend of CN¥0.40 announced Dividend of CN¥0.40 is the same as last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Zhejiang Langdi Group Co., Ltd., Annual General Meeting, May 27, 2025 Zhejiang Langdi Group Co., Ltd., Annual General Meeting, May 27, 2025, at 13:30 China Standard Time. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.51, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 16% over the past three years. Announcement • Mar 28
Zhejiang Langdi Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Langdi Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Zhejiang Langdi Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang Langdi Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥438.5m (up 1.5% from 3Q 2023). Net income: CN¥37.0m (up 15% from 3Q 2023). Profit margin: 8.4% (up from 7.5% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.76, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 35% over the past three years. Buy Or Sell Opportunity • Oct 09
Now 27% undervalued Over the last 90 days, the stock has risen 9.4% to CN¥14.20. The fair value is estimated to be CN¥19.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.6%. Announcement • Sep 30
Zhejiang Langdi Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Langdi Group 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 20% After last week's 20% share price gain to CN¥14.88, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Buy Or Sell Opportunity • Sep 04
Now 25% undervalued Over the last 90 days, the stock has risen 18% to CN¥14.70. The fair value is estimated to be CN¥19.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.6%. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥15.71, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 15% over the past three years. Announcement • Jun 28
Zhejiang Langdi Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Zhejiang Langdi Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.08, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 24% over the past three years. Announcement • May 01
Zhejiang Langdi Group Co., Ltd., Annual General Meeting, May 22, 2024 Zhejiang Langdi Group Co., Ltd., Annual General Meeting, May 22, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Yuyao, Zhejiang China Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.59 (vs CN¥0.49 in FY 2022) Full year 2023 results: EPS: CN¥0.59 (up from CN¥0.49 in FY 2022). Revenue: CN¥1.63b (down 3.2% from FY 2022). Net income: CN¥109.6m (up 20% from FY 2022). Profit margin: 6.7% (up from 5.4% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 29
Zhejiang Langdi Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Langdi Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Feb 20
Zhejiang Langdi Group Co., Ltd. (SHSE:603726) announces an Equity Buyback for CNY 40 million worth of its shares. Zhejiang Langdi Group Co., Ltd. (SHSE:603726) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The repurchase price will not more than CNY 16 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.07, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 10% over the past three years. Announcement • Dec 29
Zhejiang Langdi Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Zhejiang Langdi Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.6% 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: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.65, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.087 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.087 in 3Q 2022). Revenue: CN¥432.1m (up 10.0% from 3Q 2022). Net income: CN¥32.3m (up 97% from 3Q 2022). Profit margin: 7.5% (up from 4.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥15.48, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 34% over the past three years. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 0.5% 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 0.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jun 28
Zhejiang Langdi Group Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Zhejiang Langdi Group Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.08 (vs CN¥0.12 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.08 (down from CN¥0.12 in 1Q 2022). Revenue: CN¥361.8m (down 6.4% from 1Q 2022). Net income: CN¥14.8m (down 32% from 1Q 2022). Profit margin: 4.1% (down from 5.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. 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. 8 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Director Sai Qiu Chen was the last director to join the board, commencing their role in 2008. 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 29
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.19 in 3Q 2021). Revenue: CN¥413.6m (down 12% from 3Q 2021). Net income: CN¥27.7m (down 21% from 3Q 2021). Profit margin: 6.7% (down from 7.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.02, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 54% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.21 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.21 in 1Q 2021). Revenue: CN¥386.6m (down 4.8% from 1Q 2021). Net income: CN¥21.8m (down 43% from 1Q 2021). Profit margin: 5.6% (down from 9.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 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. 8 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Director Sai Qiu Chen was the last director to join the board, commencing their role in 2008. 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 • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.79 (up from CN¥0.60 in FY 2020). Revenue: CN¥1.82b (up 30% from FY 2020). Net income: CN¥146.8m (up 32% from FY 2020). Profit margin: 8.1% (up from 8.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% 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 • Feb 18
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥16.29, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 30% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.22 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¥471.2m (up 20% from 3Q 2020). Net income: CN¥34.9m (down 14% from 3Q 2020). Profit margin: 7.4% (down from 10% 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 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥542.8m (up 40% from 2Q 2020). Net income: CN¥50.6m (up 100% from 2Q 2020). Profit margin: 9.3% (up from 6.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Valuation Update With 7 Day Price Move • May 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥14.85, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 4.8% over the past three years. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS CN¥0.60 (vs CN¥0.57 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.40b (down 12% from FY 2019). Net income: CN¥111.5m (up 5.7% from FY 2019). Profit margin: 8.0% (up from 6.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% 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. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥11.10, the stock is trading at a trailing P/E ratio of 20.6x, down from the previous P/E ratio of 25.5x. This compares to an average P/E of 33x in the Machinery industry in China. Total return to shareholders over the past three years is a loss of 7.5%. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥10.93 The company is down 19% from its price of CN¥13.43 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥12.21 The company is down 9.0% from its price of CN¥13.44 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the 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¥98.7m, down 3.0% from the prior year. Total revenue was CN¥1.40b over the last 12 months, down 11% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥12.95 The company is down 15% from its price of CN¥15.15 on 24 July 2020. The Chinese market is down 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. Announcement • Jul 10
Zhejiang Langdi Group Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Zhejiang Langdi Group Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020