New Risk • Jul 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: 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 (8.8% average weekly change). Announcement • Jun 30
Qingdao TGOOD Electric Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Qingdao TGOOD Electric Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Price Target Changed • Jun 11
Price target increased by 12% to CN¥43.99 Up from CN¥39.16, the current price target is an average from 6 analysts. New target price is 21% above last closing price of CN¥36.31. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥1.20 last year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥37.29, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.30 per share. Price Target Changed • Apr 29
Price target increased by 8.5% to CN¥36.59 Up from CN¥33.72, the current price target is an average from 6 analysts. New target price is 21% above last closing price of CN¥30.30. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥1.47 for next year compared to CN¥1.20 last year. Reported Earnings • Apr 09
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.20 (up from CN¥0.89 in FY 2024). Revenue: CN¥15.8b (up 2.7% from FY 2024). Net income: CN¥1.24b (up 36% from FY 2024). Profit margin: 7.9% (up from 6.0% in FY 2024). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Apr 09
Qingdao TGOOD Electric Co., Ltd., Annual General Meeting, May 11, 2026 Qingdao TGOOD Electric Co., Ltd., Annual General Meeting, May 11, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qingdao, Shandong China Announcement • Mar 31
Qingdao TGOOD Electric Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Qingdao TGOOD Electric Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Qingdao TGOOD Electric Co., Ltd. to Report Fiscal Year 2025 Results on Apr 09, 2026 Qingdao TGOOD Electric Co., Ltd. announced that they will report fiscal year 2025 results on Apr 09, 2026 Price Target Changed • Nov 22
Price target increased by 8.1% to CN¥33.27 Up from CN¥30.78, the current price target is an average from 7 analysts. New target price is 26% above last closing price of CN¥26.39. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥1.13 for next year compared to CN¥0.89 last year. New Risk • Nov 21
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: 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 (7.3% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥0.33 (up from CN¥0.25 in 3Q 2024). Revenue: CN¥3.58b (down 14% from 3Q 2024). Net income: CN¥358.6m (up 42% from 3Q 2024). Profit margin: 10.0% (up from 6.1% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 45%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Qingdao TGOOD Electric Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Qingdao TGOOD Electric 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 16% After last week's 16% share price gain to CN¥28.45, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.40 per share. New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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 • Aug 29
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: CN¥0.27 (up from CN¥0.13 in 2Q 2024). Revenue: CN¥4.15b (up 10% from 2Q 2024). Net income: CN¥262.2m (up 99% from 2Q 2024). Profit margin: 6.3% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical 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 only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Qingdao TGOOD Electric Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Qingdao TGOOD Electric Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 05
Qingdao TGOOD Electric Co., Ltd. Approves Cash Dividend for the Year 2024 Qingdao TGOOD Electric Co., Ltd. announced at annual general meeting held on May 30, 2025, approved cash dividend of CNY 1.5000000 per ten shares (tax included) for the year 2024. Major Estimate Revision • May 04
Consensus revenue estimates decrease by 11%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥21.5b to CN¥19.1b. EPS estimate increased from CN¥1.01 to CN¥1.15 per share. Net income forecast to grow 40% next year vs 49% growth forecast for Electrical industry in China. Consensus price target up from CN¥27.60 to CN¥29.65. Share price fell 5.8% to CN¥23.09 over the past week. Price Target Changed • Apr 28
Price target increased by 9.6% to CN¥29.73 Up from CN¥27.13, the current price target is an average from 8 analysts. New target price is 25% above last closing price of CN¥23.70. Stock is up 19% over the past year. The company is forecast to post earnings per share of CN¥1.10 for next year compared to CN¥0.89 last year. New Risk • Apr 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 23
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.89 (up from CN¥0.48 in FY 2023). Revenue: CN¥15.4b (up 5.3% from FY 2023). Net income: CN¥916.6m (up 87% from FY 2023). Profit margin: 6.0% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical 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 only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Qingdao TGOOD Electric Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Qingdao TGOOD Electric Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.50000000 for the year 2024. Announcement • Apr 22
Qingdao TGOOD Electric Co., Ltd., Annual General Meeting, May 30, 2025 Qingdao TGOOD Electric Co., Ltd., Annual General Meeting, May 30, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qingdao, Shandong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥21.84, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 32% over the past three years. Announcement • Mar 31
Qingdao TGOOD Electric Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Qingdao TGOOD Electric Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.96, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 10% over the past three years. Announcement • Dec 31
Qingdao TGOOD Electric Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Qingdao TGOOD Electric Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Price Target Changed • Nov 04
Price target increased by 8.7% to CN¥26.03 Up from CN¥23.95, the current price target is an average from 7 analysts. New target price is 20% above last closing price of CN¥21.76. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.48 last year. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥4.16b (up 9.6% from 3Q 2023). Net income: CN¥253.4m (up 98% from 3Q 2023). Profit margin: 6.1% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 49%. 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. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Qingdao TGOOD Electric Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Qingdao TGOOD Electric Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥22.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 13% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.069 in 2Q 2023). Revenue: CN¥3.76b (up 3.7% from 2Q 2023). Net income: CN¥131.5m (up 78% from 2Q 2023). Profit margin: 3.5% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Qingdao TGOOD Electric Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Qingdao TGOOD Electric Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Jun 08
Qingdao TGOOD Electric Co., Ltd. Announces Dividend of A Shares for the Year 2023, Payable on 14 June 2024 Qingdao TGOOD Electric Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 1.00000000 of A shares for the year 2023. Record date is 13 June 2024. Ex-date is 14 June 2024. Payment date is 14 June 2024. Announcement • Apr 24
Qingdao TGOOD Electric Co., Ltd., Annual General Meeting, May 24, 2024 Qingdao TGOOD Electric Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qingdao, Shandong China Reported Earnings • Apr 24
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.48 (up from CN¥0.26 in FY 2022). Revenue: CN¥14.6b (up 26% from FY 2022). Net income: CN¥491.1m (up 80% from FY 2022). Profit margin: 3.4% (up from 2.3% in FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 11%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Qingdao TGOOD Electric Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Qingdao TGOOD Electric Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Price Target Changed • Feb 15
Price target decreased by 7.5% to CN¥23.01 Down from CN¥24.87, the current price target is an average from 6 analysts. New target price is 18% above last closing price of CN¥19.42. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of CN¥0.41 for next year compared to CN¥0.26 last year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.42, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.21 per share. Announcement • Dec 29
Qingdao TGOOD Electric Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Qingdao TGOOD Electric Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.06 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.06 in 3Q 2022). Revenue: CN¥3.80b (up 59% from 3Q 2022). Net income: CN¥127.8m (up 103% from 3Q 2022). Profit margin: 3.4% (up from 2.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. 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 5% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Qingdao TGOOD Electric Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Qingdao TGOOD Electric Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.02 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.02 in 2Q 2022). Revenue: CN¥3.63b (up 37% from 2Q 2022). Net income: CN¥73.8m (up 196% from 2Q 2022). Profit margin: 2.0% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 14
Qingdao TGOOD Electric Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 20, 2023 Qingdao TGOOD Electric Co., Ltd. announced final cash dividend of CNY 0.50 per 10 shares on A shares for the year 2022. Record date is July 19, 2023, Ex-Date is July 20, 2023 and Payment Date is July 20, 2023. Price Target Changed • Apr 28
Price target increased by 8.0% to CN¥26.26 Up from CN¥24.31, the current price target is an average from 4 analysts. New target price is 42% above last closing price of CN¥18.48. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.26 last year. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.62, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 20x in the Electrical industry in China. Total loss to shareholders of 9.0% over the past three years. Reported Earnings • Apr 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.26 (up from CN¥0.18 in FY 2021). Revenue: CN¥11.6b (up 23% from FY 2021). Net income: CN¥272.2m (up 45% from FY 2021). Profit margin: 2.3% (up from 2.0% in FY 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Xin Chang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.052 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.052 in 3Q 2021). Revenue: CN¥2.38b (up 6.7% from 3Q 2021). Net income: CN¥63.0m (up 21% from 3Q 2021). Profit margin: 2.6% (up from 2.3% in 3Q 2021). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical 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 only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.012 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.02 (up from CN¥0.012 in 2Q 2021). Revenue: CN¥2.65b (up 33% from 2Q 2021). Net income: CN¥25.0m (up 54% from 2Q 2021). Profit margin: 0.9% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Price Target Changed • Jun 24
Price target decreased to CN¥17.96 Down from CN¥24.50, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥17.93. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥0.25 for next year compared to CN¥0.18 last year. Major Estimate Revision • May 07
Consensus EPS estimates increase by 33% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥11.6b to CN¥11.8b. EPS estimate increased from CN¥0.46 to CN¥0.62 per share. Net income forecast to grow 237% next year vs 56% growth forecast for Electrical industry in China. Consensus price target down from CN¥30.49 to CN¥24.50. Share price fell 3.8% to CN¥13.36 over the past week. Price Target Changed • May 03
Price target decreased to CN¥28.16 Down from CN¥32.14, the current price target is an average from 4 analysts. New target price is 103% above last closing price of CN¥13.89. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.18 last year. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.02 (vs CN¥0.02 in 1Q 2021). Revenue: CN¥1.85b (up 33% from 1Q 2021). Net income: CN¥17.1m (up 11% from 1Q 2021). Profit margin: 0.9% (down from 1.1% in 1Q 2021). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 24%, compared to a 52% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Zhu Quan Wang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 13
Qingdao TGOOD Electric Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on April 18, 2022 Qingdao TGOOD Electric Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares), Payable on April 18, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.20000000 with Record date: April 15, 2022 and Ex-date: April 18, 2022. Buying Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be CN¥22.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 255% in the next 2 years. Buying Opportunity • Mar 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be CN¥22.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Major Estimate Revision • Mar 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥11.5b to CN¥11.9b. EPS estimate fell from CN¥0.47 to CN¥0.30 per share. Net income forecast to grow 69% next year vs 50% growth forecast for Electrical industry in China. Consensus price target down from CN¥32.14 to CN¥30.49. Share price was steady at CN¥19.70 over the past week. Announcement • Mar 10
Qingdao TGOOD Electric Co., Ltd. Announces the Profit Distribution Proposal for 2021 Qingdao TGOOD Electric Co., Ltd. announced on March 8, 2022 the profit distribution proposal for 2021. The company announced Cash dividend/10 shares (tax included) of CNY 0.20000000. Reported Earnings • Mar 08
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.18 (up from CN¥0.17 in FY 2020). Revenue: CN¥9.44b (up 27% from FY 2020). Net income: CN¥187.2m (up 8.2% from FY 2020). Profit margin: 2.0% (down from 2.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 22%, compared to a 62% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 15
Price target decreased to CN¥32.14 Down from CN¥36.47, the current price target is an average from 4 analysts. New target price is 10% above last closing price of CN¥29.12. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.33 for next year compared to CN¥0.17 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.052 (vs CN¥0.11 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¥2.23b (up 14% from 3Q 2020). Net income: CN¥52.1m (down 51% from 3Q 2020). Profit margin: 2.3% (down from 5.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.062 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.00b (up 7.4% from 2Q 2020). Net income: CN¥6.14m (down 93% from 2Q 2020). Profit margin: 0.3% (down from 4.6% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Announcement • May 25
Qingdao TGOOD Electric Co., Ltd. Approves Final Cash Dividend for the Year 2020 Qingdao TGOOD Electric Co., Ltd. at its annual general meeting held on May 21, 2021 approved final cash dividend/10 shares (tax included): CNY 0.50000000 for the year 2020. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.27 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥7.42b (up 10% from FY 2019). Net income: CN¥173.0m (down 36% from FY 2019). Profit margin: 2.3% (down from 4.0% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Mar 10
Qingdao TGOOD Electric Co., Ltd. to Report Fiscal Year 2020 Results on Apr 23, 2021 Qingdao TGOOD Electric Co., Ltd. announced that they will report fiscal year 2020 results on Apr 23, 2021 Is New 90 Day High Low • Jan 25
New 90-day high: CN¥39.46 The company is up 90% from its price of CN¥20.75 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.30 per share. Is New 90 Day High Low • Jan 07
New 90-day high: CN¥35.52 The company is up 96% from its price of CN¥18.12 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.38 per share. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥25.79 The company is up 28% from its price of CN¥20.17 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.28 per share. Is New 90 Day High Low • Oct 30
New 90-day high: CN¥21.68 The company is up 3.0% from its price of CN¥21.05 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.28 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 2.0% at CN¥1.97b. Revenue is forecast to grow 30% over the next year, compared to a 46% growth forecast for the Electrical industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥234.1m, up 22% from the prior year. Total revenue was CN¥7.35b over the last 12 months, up 22% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥17.55 The company is down 18% from its price of CN¥21.53 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.28 per share. Announcement • Sep 04
Qingdao TGOOD Electric Co., Ltd. announced that it expects to receive CNY 1 billion in funding Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) announced a private placement of shares for gross proceeds of up to CNY 1,000,000,000 on September 3, 2020. 
