Announcement • Jun 30
Kunshan Dongwei Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Kunshan Dongwei Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.06 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.15 (up from CN¥0.06 in 1Q 2025). Revenue: CN¥305.5m (up 45% from 1Q 2025). Net income: CN¥44.3m (up 161% from 1Q 2025). Profit margin: 14% (up from 8.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 28
Kunshan Dongwei Technology Co.,Ltd., Annual General Meeting, Jun 12, 2026 Kunshan Dongwei Technology Co.,Ltd., Annual General Meeting, Jun 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China New Risk • Apr 27
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 9.9% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Kunshan Dongwei Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Kunshan Dongwei Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Mar 16
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 7.9% 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. Announcement • Dec 26
Kunshan Dongwei Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Kunshan Dongwei Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.26b to CN¥1.24b. EPS estimate also fell from CN¥0.658 per share to CN¥0.583 per share. Net income forecast to grow 230% next year vs 40% growth forecast for Machinery industry in China. Consensus price target up from CN¥35.00 to CN¥38.00. Share price was steady at CN¥37.81 over the past week. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.042 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.042 in 3Q 2024). Revenue: CN¥313.6m (up 67% from 3Q 2024). Net income: CN¥42.9m (up 237% from 3Q 2024). Profit margin: 14% (up from 6.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Kunshan Dongwei Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Kunshan Dongwei Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: CN¥0.079 (vs CN¥0.089 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.079. Revenue: CN¥231.9m (up 19% from 2Q 2024). Net income: CN¥25.5m (up 3.2% from 2Q 2024). Profit margin: 11% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Announcement • Jun 30
Kunshan Dongwei Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Kunshan Dongwei Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Declared Dividend • Jun 22
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 167% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.2% net profit margin). Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.10 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.10 in 1Q 2024). Revenue: CN¥211.4m (up 7.1% from 1Q 2024). Net income: CN¥17.0m (down 45% from 1Q 2024). Profit margin: 8.0% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 26
Kunshan Dongwei Technology Co.,Ltd., Annual General Meeting, May 16, 2025 Kunshan Dongwei Technology Co.,Ltd., Annual General Meeting, May 16, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Major Estimate Revision • Mar 30
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.96b to CN¥1.56b. EPS estimate fell from CN¥1.36 to CN¥1.34 per share. Net income forecast to grow 496% next year vs 41% growth forecast for Machinery industry in China. Consensus price target down from CN¥30.77 to CN¥26.77. Share price fell 3.7% to CN¥38.41 over the past week. Announcement • Mar 28
Kunshan Dongwei Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Kunshan Dongwei Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.23 (down from CN¥0.52 in FY 2023). Revenue: CN¥750.1m (down 18% from FY 2023). Net income: CN¥67.1m (down 56% from FY 2023). Profit margin: 8.9% (down from 17% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 37%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Dec 27
Kunshan Dongwei Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Kunshan Dongwei Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.16 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.042 (down from CN¥0.16 in 3Q 2023). Revenue: CN¥187.5m (down 19% from 3Q 2023). Net income: CN¥12.7m (down 73% from 3Q 2023). Profit margin: 6.8% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 45% 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 fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 22
Price target decreased by 16% to CN¥30.77 Down from CN¥36.53, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥27.16. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.52 last year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥22.45, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 23% over the past three years. New Risk • Sep 30
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 9.5% 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 (9.5% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (13% net profit margin). Announcement • Sep 30
Kunshan Dongwei Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Kunshan Dongwei Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Price Target Changed • Sep 27
Price target increased by 7.5% to CN¥39.26 Up from CN¥36.53, the current price target is an average from 3 analysts. New target price is 89% above last closing price of CN¥20.73. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.52 last year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 29% over the past three years. Major Estimate Revision • Sep 04
Consensus revenue estimates fall by 35% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.37b to CN¥883.0m. EPS estimate fell from CN¥0.986 to CN¥0.48 per share. Net income forecast to grow 171% next year vs 39% growth forecast for Machinery industry in China. Consensus price target broadly unchanged at CN¥36.02. Share price fell 2.8% to CN¥19.46 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.089 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.089 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥194.7m (down 26% from 2Q 2023). Net income: CN¥24.7m (down 52% from 2Q 2023). Profit margin: 13% (down from 20% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 47% 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 fallen by 9% per year whereas the company’s share price has fallen by 12% per year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥28.43, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 3.2% over the past three years. Announcement • Jun 29
Kunshan Dongwei Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Kunshan Dongwei Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥29.46, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥39.09, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 38% over the past year. Major Estimate Revision • May 03
Consensus revenue estimates increase by 12%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥1.42b to CN¥1.60b. EPS estimate fell from CN¥1.41 to CN¥1.39. Net income forecast to grow 115% next year vs 52% growth forecast for Machinery industry in China. Consensus price target down from CN¥52.38 to CN¥47.47. Share price rose 3.0% to CN¥33.55 over the past week. Announcement • Apr 29
Kunshan Dongwei Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Kunshan Dongwei Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.68 (down from CN¥0.98 in FY 2022). Revenue: CN¥909.2m (down 10% from FY 2022). Net income: CN¥151.4m (down 29% from FY 2022). Profit margin: 17% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥29.55, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Machinery industry in China. Total loss to shareholders of 53% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.93 per share. Announcement • Mar 30
Kunshan Dongwei Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Kunshan Dongwei Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Major Estimate Revision • Feb 28
Consensus revenue estimates fall by 29% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.06b to CN¥1.46b. EPS estimate fell from CN¥1.89 to CN¥1.20 per share. Net income forecast to grow 78% next year vs 46% growth forecast for Machinery industry in China. Consensus price target down from CN¥72.18 to CN¥62.98. Share price fell 2.1% to CN¥36.61 over the past week. Price Target Changed • Feb 23
Price target decreased by 13% to CN¥62.98 Down from CN¥72.18, the current price target is an average from 5 analysts. New target price is 64% above last closing price of CN¥38.39. Stock is down 52% over the past year. The company is forecast to post earnings per share of CN¥1.20 for next year compared to CN¥0.69 last year. Reported Earnings • Feb 22
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.69 (down from CN¥0.98 in FY 2022). Revenue: CN¥915.4m (down 9.5% from FY 2022). Net income: CN¥154.8m (down 27% from FY 2022). Profit margin: 17% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Announcement • Feb 08
Kunshan Dongwei Technology Co.,Ltd. (SHSE:688700) announces an Equity Buyback for CNY 20 million worth of its shares. Kunshan Dongwei Technology Co.,Ltd. (SHSE:688700) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price not more than CNY 70.06 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The shares will be repurchased from the company’s own funds. The program will be valid for a period of 12 months. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥28.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.29 per share. Buy Or Sell Opportunity • Jan 31
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to CN¥35.01. The fair value is estimated to be CN¥46.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 151% in 2 years. Earnings are forecast to grow by 164% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥42.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Machinery industry in China. Total loss to shareholders of 49% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.61 per share. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥51.55, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 47% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.73 per share. New Risk • Dec 04
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 8.4% 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 (8.4% average weekly change). High level of non-cash earnings (48% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥67.89, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 17x in the Machinery industry in China. Total loss to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.63 per share. Reported Earnings • Oct 29
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.24 in 3Q 2022). Revenue: CN¥231.9m (down 14% from 3Q 2022). Net income: CN¥46.8m (down 11% from 3Q 2022). Profit margin: 20% (in line with 3Q 2022). Revenue missed analyst estimates by 58%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥44.28, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Machinery industry in China. Total loss to shareholders of 59% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.54 per share. Price Target Changed • Sep 29
Price target decreased by 16% to CN¥86.86 Down from CN¥103, the current price target is an average from 3 analysts. New target price is 65% above last closing price of CN¥52.54. Stock is down 48% over the past year. The company is forecast to post earnings per share of CN¥1.50 for next year compared to CN¥0.98 last year. Major Estimate Revision • Jul 31
Consensus revenue estimates fall by 28% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.08b to CN¥1.49b. EPS estimate fell from CN¥2.14 to CN¥1.40 per share. Net income forecast to grow 85% next year vs 55% growth forecast for Machinery industry in China. Consensus price target of CN¥103 unchanged from last update. Share price fell 27% to CN¥61.66 over the past week. New Risk • Jul 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Reported Earnings • Jul 25
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.52. Revenue: CN¥264.6m (up 22% from 2Q 2022). Net income: CN¥51.7m (down 3.7% from 2Q 2022). Profit margin: 20% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 43%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥71.87, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 9.4% over the past year. Announcement • Jun 27
Kunshan Dongwei Technology Co.,Ltd. to Report First Half, 2023 Results on Jul 25, 2023 Kunshan Dongwei Technology Co.,Ltd. announced that they will report first half, 2023 results on Jul 25, 2023 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥81.82, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 35% over the past year. New Risk • Jun 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). High level of non-cash earnings (47% accrual ratio). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Price Target Changed • May 19
Price target decreased by 11% to CN¥102 Down from CN¥114, the current price target is an average from 3 analysts. New target price is 62% above last closing price of CN¥62.84. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.96 for next year compared to CN¥0.98 last year. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥99.59, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 66% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥98.61 per share. Buying Opportunity • May 09
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¥98.40, however this is not to be taken as a buy 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 25%. Revenue is forecast to grow by 211% in 2 years. Earnings is forecast to grow by 183% in the next 2 years. Price Target Changed • Apr 11
Price target decreased by 11% to CN¥151 Down from CN¥168, the current price target is an average from 3 analysts. New target price is 62% above last closing price of CN¥92.79. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥2.96 for next year compared to CN¥1.45 last year. Reported Earnings • Apr 08
First quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.27 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.34 (up from CN¥0.27 in 1Q 2022). Revenue: CN¥234.3m (up 20% from 1Q 2022). Net income: CN¥50.6m (up 28% from 1Q 2022). Profit margin: 22% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Reported Earnings • Jan 12
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥1.47 (up from CN¥1.25 in FY 2021). Revenue: CN¥1.02b (up 27% from FY 2021). Net income: CN¥216.1m (up 34% from FY 2021). Profit margin: 21% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates significantly. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. 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. 5 experienced directors. 4 highly experienced directors. 1 independent director (6 non-independent directors). Independent Director Jun Wang was the last independent director to join the board, commencing their role in 2019. 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 25
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.28 in 3Q 2021). Revenue: CN¥270.6m (up 26% from 3Q 2021). Net income: CN¥52.8m (up 27% from 3Q 2021). Profit margin: 20% (in line with 3Q 2021). Revenue missed analyst estimates by 30%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Price Target Changed • Sep 07
Price target increased to CN¥168 Up from CN¥125, the current price target is an average from 3 analysts. New target price is 11% above last closing price of CN¥151. Stock is up 181% over the past year. The company is forecast to post earnings per share of CN¥1.70 for next year compared to CN¥1.25 last year. Price Target Changed • Aug 16
Price target decreased to CN¥103 Down from CN¥125, the current price target is an average from 3 analysts. New target price is 28% below last closing price of CN¥142. Stock is up 124% over the past year. The company is forecast to post earnings per share of CN¥1.68 for next year compared to CN¥1.25 last year. Price Target Changed • Jul 23
Price target increased to CN¥125 Up from CN¥103, the current price target is an average from 2 analysts. New target price is 10% above last closing price of CN¥114. Stock is up 148% over the past year. The company is forecast to post earnings per share of CN¥1.72 for next year compared to CN¥1.25 last year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥92.01, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 58% over the past year. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥79.95, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 142% over the past year. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥70.91, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 18x in the Machinery industry in China. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.24 in 1Q 2021). Revenue: CN¥194.9m (up 21% from 1Q 2021). Net income: CN¥39.5m (up 48% from 1Q 2021). Profit margin: 20% (up from 17% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 77%, compared to a 29% growth forecast for the industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥1.25 (up from CN¥0.80 in FY 2020). Revenue: CN¥804.7m (up 45% from FY 2020). Net income: CN¥160.9m (up 83% from FY 2020). Profit margin: 20% (up from 16% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the next year, revenue is forecast to grow 69%, compared to a 28% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 32% share price gain to CN¥77.30, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 21x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥69.03, the stock trades at a trailing P/E ratio of 70x. Average trailing P/E is 39x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥63.01, the stock trades at a trailing P/E ratio of 63.9x. Average trailing P/E is 35x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥51.60, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 36x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥67.82, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 34x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥52.80, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 33x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥45.91, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 33x in the Machinery industry in China.