Declared Dividend • May 27
Dividend of CN¥0.17 announced Shareholders will receive a dividend of CN¥0.17. Ex-date: 1st June 2026 Payment date: 1st June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 295% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 24
Price target increased by 7.1% to CN¥108 Up from CN¥101, the current price target is an average from 13 analysts. New target price is 13% above last closing price of CN¥95.21. Stock is up 307% over the past year. The company is forecast to post earnings per share of CN¥1.20 for next year compared to CN¥0.54 last year. New Risk • Apr 21
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 (25% accrual ratio). Reported Earnings • Apr 21
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.01 (down from CN¥0.046 in 1Q 2025). Revenue: CN¥1.18b (up 26% from 1Q 2025). Net income: CN¥8.66m (down 82% from 1Q 2025). Profit margin: 0.7% (down from 5.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 91%. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 21
Shenzhen Envicool Technology Co., Ltd., Annual General Meeting, May 12, 2026 Shenzhen Envicool Technology Co., Ltd., Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Envicool Technology Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Shenzhen Envicool Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Price Target Changed • Mar 25
Price target increased by 7.4% to CN¥101 Up from CN¥93.72, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of CN¥98.50. Stock is up 215% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.47 last year. Price Target Changed • Mar 06
Price target increased by 9.6% to CN¥93.72 Up from CN¥85.55, the current price target is an average from 12 analysts. New target price is 7.5% below last closing price of CN¥101. Stock is up 191% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.47 last year. Price Target Changed • Feb 11
Price target increased by 10% to CN¥85.55 Up from CN¥77.55, the current price target is an average from 13 analysts. New target price is 14% below last closing price of CN¥99.50. Stock is up 206% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.47 last year. Announcement • Dec 31
Shenzhen Envicool Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Shenzhen Envicool Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Price Target Changed • Dec 13
Price target increased by 8.3% to CN¥74.46 Up from CN¥68.73, the current price target is an average from 13 analysts. New target price is 5.6% below last closing price of CN¥78.87. Stock is up 203% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.47 last year. Reported Earnings • Oct 14
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.18 in 3Q 2024). Revenue: CN¥1.45b (up 25% from 3Q 2024). Net income: CN¥183.4m (up 8.4% from 3Q 2024). Profit margin: 13% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 11
Price target increased by 10% to CN¥54.71 Up from CN¥49.70, the current price target is an average from 13 analysts. New target price is 29% below last closing price of CN¥76.53. Stock is up 287% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.47 last year. Announcement • Sep 30
Shenzhen Envicool Technology Co., Ltd. to Report Q3, 2025 Results on Oct 14, 2025 Shenzhen Envicool Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 14, 2025 Buy Or Sell Opportunity • Aug 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 188% to CN¥71.85. The fair value is estimated to be CN¥58.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Price Target Changed • Aug 20
Price target increased by 12% to CN¥34.03 Up from CN¥30.35, the current price target is an average from 13 analysts. New target price is 51% below last closing price of CN¥69.30. Stock is up 333% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.47 last year. New Risk • Jul 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 6.9% 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 (6.9% average weekly change). Announcement • Jul 02
Shenzhen Envicool Technology Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Shenzhen Envicool Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 Declared Dividend • May 25
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 112% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 22
Shenzhen Envicool Technology Co., Ltd. Approves Cash Dividend for 2024 Shenzhen Envicool Technology Co., Ltd., at the AGM held on 16 May 2025 approved Cash dividend/10 shares (tax included) of CNY 2.00000000 for 2024. Major Estimate Revision • May 05
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥5.91b to CN¥6.11b. EPS estimate fell from CN¥0.996 to CN¥0.896 per share. Net income forecast to grow 58% next year vs 38% growth forecast for Machinery industry in China. Consensus price target down from CN¥40.52 to CN¥37.82. Share price rose 4.7% to CN¥31.61 over the past week. Price Target Changed • Apr 29
Price target decreased by 7.4% to CN¥37.67 Down from CN¥40.69, the current price target is an average from 13 analysts. New target price is 22% above last closing price of CN¥30.93. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥0.87 for next year compared to CN¥0.61 last year. Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥6.31b to CN¥6.11b. EPS estimate also fell from CN¥0.996 per share to CN¥0.878 per share. Net income forecast to grow 62% next year vs 37% growth forecast for Machinery industry in China. Consensus price target down from CN¥40.69 to CN¥39.07. Share price fell 12% to CN¥30.38 over the past week. New Risk • Apr 24
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: 0.7% 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 (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Apr 23
Shenzhen Envicool Technology Co., Ltd. Proposes Final Cash Dividend for 2024 Shenzhen Envicool Technology Co., Ltd. announced on 22 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 2.00000000. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.13 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.13 in 1Q 2024). Revenue: CN¥932.6m (up 8.9% from 1Q 2024). Net income: CN¥48.0m (down 48% from 1Q 2024). Profit margin: 5.1% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% 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 increased by 32% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Shenzhen Envicool Technology Co., Ltd., Annual General Meeting, May 16, 2025 Shenzhen Envicool Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥30.30, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 120% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.90 per share. Announcement • Mar 31
Shenzhen Envicool Technology Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Shenzhen Envicool Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥41.12, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 156% over the past three years. Price Target Changed • Mar 12
Price target increased by 10.0% to CN¥40.93 Up from CN¥37.22, the current price target is an average from 14 analysts. New target price is 13% below last closing price of CN¥47.11. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.47 last year. Price Target Changed • Feb 24
Price target increased by 8.4% to CN¥38.33 Up from CN¥35.35, the current price target is an average from 14 analysts. New target price is 20% below last closing price of CN¥47.75. Stock is up 145% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.47 last year. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥47.75, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 190% over the past three years. New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥44.50, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 194% over the past three years. Announcement • Dec 31
Shenzhen Envicool Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Shenzhen Envicool Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥37.62, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 108% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.16 in 3Q 2023). Revenue: CN¥1.16b (up 39% from 3Q 2023). Net income: CN¥169.3m (up 43% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 34% 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 • Oct 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥32.19, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.70 per share. Announcement • Sep 30
Shenzhen Envicool Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Shenzhen Envicool Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥26.02, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 87% over the past three years. New Risk • Sep 18
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 6.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.085 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.085 in 2Q 2023). Revenue: CN¥966.9m (up 36% from 2Q 2023). Net income: CN¥121.5m (up 82% from 2Q 2023). Profit margin: 13% (up from 9.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥24.54, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 190% over the past three years. Announcement • Jun 29
Shenzhen Envicool Technology Co., Ltd. to Report First Half, 2024 Results on Aug 13, 2024 Shenzhen Envicool Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 13, 2024 Declared Dividend • May 22
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 27th May 2024 Payment date: 27th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 23% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 03
Price target increased by 7.9% to CN¥36.77 Up from CN¥34.08, the current price target is an average from 7 analysts. New target price is 9.9% above last closing price of CN¥33.45. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.61 last year. Reported Earnings • Apr 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.61 (up from CN¥0.49 in FY 2022). Revenue: CN¥3.53b (up 21% from FY 2022). Net income: CN¥344.0m (up 23% from FY 2022). Profit margin: 9.7% (in line with FY 2022). Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 27% 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, earnings per share has increased by 21% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 16
Shenzhen Envicool Technology Co., Ltd., Annual General Meeting, May 08, 2024 Shenzhen Envicool Technology Co., Ltd., Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen Envicool Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Shenzhen Envicool Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥29.71, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 175% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥20.44, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 82% over the past three years. Announcement • Dec 29
Shenzhen Envicool Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Shenzhen Envicool Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 New Risk • Nov 06
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 6.3% 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 (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). New Risk • Oct 20
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Shenzhen Envicool Technology Co., Ltd. to Report Q3, 2023 Results on Oct 20, 2023 Shenzhen Envicool Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 20, 2023 Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.066 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.066 in 2Q 2022). Revenue: CN¥711.4m (up 51% from 2Q 2022). Net income: CN¥66.8m (up 69% from 2Q 2022). Profit margin: 9.4% (up from 8.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 01
Shenzhen Envicool Technology Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Shenzhen Envicool Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Price Target Changed • Jun 19
Price target increased by 9.3% to CN¥37.23 Up from CN¥34.06, the current price target is an average from 8 analysts. New target price is 12% above last closing price of CN¥33.30. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.49 last year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥31.75, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 104% over the past three years. Price Target Changed • May 04
Price target increased by 13% to CN¥48.56 Up from CN¥43.14, the current price target is an average from 4 analysts. New target price is 27% above last closing price of CN¥38.15. Stock is up 124% over the past year. The company is forecast to post earnings per share of CN¥0.91 for next year compared to CN¥0.64 last year. Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.64 (up from CN¥0.48 in FY 2021). Revenue: CN¥2.92b (up 31% from FY 2021). Net income: CN¥280.3m (up 37% from FY 2021). Profit margin: 9.6% (in line with FY 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 31
High number of new directors CFO & Non-Independent Director Guiliang Ye was the last director to join the board, commencing their role in 2022. Price Target Changed • Oct 29
Price target increased to CN¥43.72 Up from CN¥38.81, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥33.75. Stock is down 0.5% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.48 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥612.4m (up 17% from 3Q 2021). Net income: CN¥64.5m (up 45% from 3Q 2021). Profit margin: 11% (up from 8.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 20
Shenzhen Envicool Technology Co., Ltd. Appoints Dai Xiangyang as Non-Employee Supervisor Shenzhen Envicool Technology Co., Ltd. held its 2nd Extraordinary General Meeting of 2022 on 16 September 2022, during which the following proposal(s) was/were approved Dai Xiangyang as of non-employee supervisors, cumulative voting system applicable. Price Target Changed • Aug 09
Price target increased to CN¥31.66 Up from CN¥29.10, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥32.17. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.64 for next year compared to CN¥0.48 last year. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: CN¥0.086 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.086 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥472.5m (down 26% from 2Q 2021). Net income: CN¥39.7m (down 48% from 2Q 2021). Profit margin: 8.4% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 53%, compared to a 35% growth forecast for the 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 increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥29.90, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 298% over the past three years. Price Target Changed • Jul 04
Price target increased to CN¥29.10 Up from CN¥25.73, the current price target is an average from 4 analysts. New target price is 12% above last closing price of CN¥26.07. Stock is up 92% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.48 last year. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥26.42, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.89, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 203% over the past three years. Announcement • May 27
Shenzhen Envicool Technology Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Share), Payment Date Is 31 May 2022 Shenzhen Envicool Technology Co., Ltd. announced that 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 1.80000000. Record date is 30 May 2022. Ex-date is 31 May 2022. Payment date is 31 May 2022. Announcement • May 20
Shenzhen Envicool Technology Co., Ltd. Approves Cash Dividend for 2021 Shenzhen Envicool Technology Co., Ltd. held its Annual General Meeting of 2021 on May 18, 2022, approved cash dividend (tax included) of CNY 1.80000000 per 10 shares for 2021. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥24.71, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 122% over the past three years. Price Target Changed • Apr 30
Price target decreased to CN¥38.69 Down from CN¥45.44, the current price target is an average from 4 analysts. New target price is 82% above last closing price of CN¥21.28. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.63 last year. Announcement • Apr 27
Shenzhen Envicool Technology Co., Ltd. Proposes Cash Dividend for 2021 Shenzhen Envicool Technology Co., Ltd. proposed cash dividend of CNY 1.80000000 (tax included) per 10 shares for 2021. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non Independent Director Li Chuan Wei was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥32.80, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 147% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥35.58, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 164% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.14 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥522.4m (up 33% from 3Q 2020). Net income: CN¥44.5m (down 4.1% from 3Q 2020). Profit margin: 8.5% (down from 12% 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 23% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥35.46, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 327% over the past three years. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.23 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¥639.5m (up 41% from 2Q 2020). Net income: CN¥75.8m (up 16% from 2Q 2020). Profit margin: 12% (down from 14% 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 25% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.