Price Target Changed • Jun 09
Price target increased by 11% to CN¥218 Up from CN¥197, the current price target is an average from 12 analysts. New target price is 48% below last closing price of CN¥420. Stock is up 244% over the past year. The company is forecast to post earnings per share of CN¥1.00 for next year compared to CN¥0.69 last year. Price Target Changed • Apr 27
Price target increased by 7.9% to CN¥197 Up from CN¥182, the current price target is an average from 12 analysts. New target price is 8.0% below last closing price of CN¥214. Stock is up 52% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥0.69 last year. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.18 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.18 (up from CN¥0.11 in 1Q 2025). Revenue: CN¥140.1m (up 43% from 1Q 2025). Net income: CN¥32.6m (up 61% from 1Q 2025). Profit margin: 23% (up from 21% 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 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 fallen by 6% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Apr 23
Leader Harmonious Drive Systems Co., Ltd., Annual General Meeting, May 13, 2026 Leader Harmonious Drive Systems Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: No. 68, Yaofeng West Road, Wuzhong District, Suzhou, Jiangsu China Announcement • Mar 30
Leader Harmonious Drive Systems Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Leader Harmonious Drive Systems Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Major Estimate Revision • Mar 06
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥809.0m to CN¥899.3m. EPS estimate unchanged at CN¥0.936. Net income forecast to grow 44% next year vs 44% growth forecast for Machinery industry in China. Consensus price target broadly unchanged at CN¥180. Share price fell 8.6% to CN¥212 over the past week. New Risk • Feb 02
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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 26
Leader Harmonious Drive Systems Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Leader Harmonious Drive Systems Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: CN¥155.2m (up 50% from 3Q 2024). Net income: CN¥40.3m (up 81% from 3Q 2024). Profit margin: 26% (up from 22% in 3Q 2024). 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 16% growth forecast for the Machinery industry in China. Announcement • Sep 30
Leader Harmonious Drive Systems Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Leader Harmonious Drive Systems Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 08
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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Aug 22
Consensus revenue estimates increase by 15% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥485.9m to CN¥556.6m. EPS estimate increased from CN¥0.565 to CN¥0.638 per share. Net income forecast to grow 83% next year vs 36% growth forecast for Machinery industry in China. Consensus price target up from CN¥123 to CN¥142. Share price was steady at CN¥150 over the past week. New Risk • Aug 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.098 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.098 in 2Q 2024). Revenue: CN¥153.4m (up 70% from 2Q 2024). Net income: CN¥33.2m (up 101% from 2Q 2024). Profit margin: 22% (up from 18% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% 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 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Leader Harmonious Drive Systems Co., Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Leader Harmonious Drive Systems Co., Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • Jun 16
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 67% lower than last year. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 0.08%, which is lower than the industry average of 2.0%. Announcement • Apr 30
Leader Harmonious Drive Systems Co., Ltd., Annual General Meeting, May 20, 2025 Leader Harmonious Drive Systems Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Mar 28
Leader Harmonious Drive Systems Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Leader Harmonious Drive Systems Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥533.7m to CN¥483.6m. EPS estimate also fell from CN¥0.735 per share to CN¥0.523 per share. Net income forecast to grow 113% next year vs 42% growth forecast for Machinery industry in China. Consensus price target up from CN¥118 to CN¥125. Share price was steady at CN¥166 over the past week. Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.50 in FY 2023). Revenue: CN¥385.9m (up 8.3% from FY 2023). Net income: CN¥57.0m (down 32% from FY 2023). Profit margin: 15% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 31% 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 42% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Price Target Changed • Jan 17
Price target increased by 26% to CN¥98.14 Up from CN¥78.14, the current price target is an average from 11 analysts. New target price is 31% below last closing price of CN¥143. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥0.50 for next year compared to CN¥0.50 last year. Price Target Changed • Jan 08
Price target increased by 8.2% to CN¥78.14 Up from CN¥72.20, the current price target is an average from 11 analysts. New target price is 27% below last closing price of CN¥107. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.50 last year. Announcement • Dec 27
Leader Harmonious Drive Systems Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Leader Harmonious Drive Systems Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Price Target Changed • Nov 21
Price target increased by 7.1% to CN¥72.26 Up from CN¥67.50, the current price target is an average from 11 analysts. New target price is 41% below last closing price of CN¥122. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.48 for next year compared to CN¥0.50 last year. Price Target Changed • Nov 13
Price target increased by 9.9% to CN¥71.13 Up from CN¥64.72, the current price target is an average from 11 analysts. New target price is 45% below last closing price of CN¥128. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.50 last year. Reported Earnings • Oct 30
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥103.5m (up 26% from 3Q 2023). Net income: CN¥22.2m (up 1.6% from 3Q 2023). Profit margin: 22% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 31% 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 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 04
Price target increased by 10% to CN¥64.72 Up from CN¥58.82, the current price target is an average from 11 analysts. New target price is 32% below last closing price of CN¥95.13. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.50 last year. Announcement • Sep 30
Leader Harmonious Drive Systems Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Leader Harmonious Drive Systems Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Major Estimate Revision • Sep 17
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥397.8m to CN¥380.1m. EPS estimate also fell from CN¥0.563 per share to CN¥0.495 per share. Net income forecast to grow 59% next year vs 41% growth forecast for Machinery industry in China. Consensus price target down from CN¥60.63 to CN¥58.82. Share price fell 4.9% to CN¥60.76 over the past week. Reported Earnings • Aug 31
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: CN¥0.098 (down from CN¥0.15 in 2Q 2023). Revenue: CN¥90.5m (up 9.0% from 2Q 2023). Net income: CN¥16.5m (down 37% from 2Q 2023). Profit margin: 18% (down from 31% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 31% 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 27% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 21
Price target decreased by 11% to CN¥75.81 Down from CN¥84.76, the current price target is an average from 11 analysts. New target price is 15% above last closing price of CN¥65.80. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.67 for next year compared to CN¥0.50 last year. New Risk • Jul 31
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 Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin). Announcement • Jun 28
Leader Harmonious Drive Systems Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Leader Harmonious Drive Systems Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Major Estimate Revision • May 10
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥426.6m to CN¥470.2m. EPS estimate unchanged from CN¥0.72 at last update. Machinery industry in China expected to see average net income growth of 45% next year. Consensus price target broadly unchanged at CN¥91.47. Share price fell 6.7% to CN¥111 over the past week. Reported Earnings • May 01
Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.92 in FY 2022) Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.92 in FY 2022). Revenue: CN¥356.2m (down 20% from FY 2022). Net income: CN¥84.2m (down 46% from FY 2022). Profit margin: 24% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 01
Leader Harmonious Drive Systems Co., Ltd., Annual General Meeting, May 24, 2024 Leader Harmonious Drive Systems Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Mar 30
Leader Harmonious Drive Systems Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Leader Harmonious Drive Systems Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Leader Harmonious Drive Systems Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Leader Harmonious Drive Systems Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.966 to CN¥0.623 per share. Revenue forecast steady at CN¥362.2m. Net income forecast to grow 64% next year vs 53% growth forecast for Machinery industry in China. Consensus price target broadly unchanged at CN¥87.93. Share price rose 2.8% to CN¥144 over the past week. New Risk • Nov 06
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 8.3% 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 (8.3% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.22 in 3Q 2022). Revenue: CN¥82.4m (down 18% from 3Q 2022). Net income: CN¥21.9m (down 40% from 3Q 2022). Profit margin: 27% (down from 36% in 3Q 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Nov 01
Consensus revenue estimates decrease by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥433.7m to CN¥364.3m. EPS estimate unchanged from CN¥0.80 per share at last update. Machinery industry in China expected to see average net income growth of 51% next year. Consensus price target of CN¥91.18 unchanged from last update. Share price rose 12% to CN¥123 over the past week. New Risk • Sep 16
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 Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Sep 06
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥580.3m to CN¥481.3m. EPS estimate fell from CN¥1.22 to CN¥0.812 per share. Net income forecast to grow 69% next year vs 51% growth forecast for Machinery industry in China. Consensus price target down from CN¥96.33 to CN¥94.02. Share price was steady at CN¥117 over the past week. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.33 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.33 in 2Q 2022). Revenue: CN¥83.0m (down 45% from 2Q 2022). Net income: CN¥26.0m (down 53% from 2Q 2022). Profit margin: 31% (down from 37% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 39% 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 12% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 19
Upcoming dividend of CN¥0.10 per share at 0.1% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (1.5%). Price Target Changed • May 06
Price target decreased by 7.1% to CN¥97.93 Down from CN¥105, the current price target is an average from 10 analysts. New target price is 16% below last closing price of CN¥117. Stock is up 82% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥0.92 last year. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.92 (vs CN¥1.12 in FY 2021) Full year 2022 results: EPS: CN¥0.92 (down from CN¥1.12 in FY 2021). Revenue: CN¥445.7m (flat on FY 2021). Net income: CN¥155.3m (down 18% from FY 2021). Profit margin: 35% (down from 43% in FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Price Target Changed • Dec 02
Price target decreased to CN¥103 Down from CN¥115, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥104. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of CN¥1.21 for next year compared to CN¥1.12 last year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 04
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥613.3m to CN¥536.8m. EPS estimate fell from CN¥1.52 to CN¥1.26 per share. Net income forecast to grow 51% next year vs 64% growth forecast for Machinery industry in China. Consensus price target down from CN¥115 to CN¥112. Share price rose 3.4% to CN¥128 over the past week. Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be CN¥145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 117% in 2 years. Earnings is forecast to grow by 111% in the next 2 years. Price Target Changed • Oct 31
Price target decreased to CN¥113 Down from CN¥121, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥116. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.52 for next year compared to CN¥1.12 last year. Reported Earnings • Oct 30
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.22 (down from CN¥0.35 in 3Q 2021). Revenue: CN¥101.1m (down 25% from 3Q 2021). Net income: CN¥36.4m (down 38% from 3Q 2021). Profit margin: 36% (down from 43% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 42%. Earnings per share (EPS) also missed analyst estimates by 52%. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Price Target Changed • Aug 13
Price target increased to CN¥110 Up from CN¥102, the current price target is an average from 10 analysts. New target price is 36% below last closing price of CN¥172. Stock is up 88% over the past year. The company is forecast to post earnings per share of CN¥1.43 for next year compared to CN¥1.12 last year. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.28 in 2Q 2021). Revenue: CN¥149.6m (up 40% from 2Q 2021). Net income: CN¥55.1m (up 17% from 2Q 2021). Profit margin: 37% (down from 44% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 45%, compared to a 35% growth forecast for the industry in China. Price Target Changed • Jul 28
Price target increased to CN¥104 Up from CN¥95.85, the current price target is an average from 10 analysts. New target price is 46% below last closing price of CN¥193. Stock is up 107% over the past year. The company is forecast to post earnings per share of CN¥1.49 for next year compared to CN¥1.12 last year. Price Target Changed • Jul 04
Price target increased to CN¥102 Up from CN¥94.19, the current price target is an average from 10 analysts. New target price is 17% below last closing price of CN¥123. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥1.65 for next year compared to CN¥1.12 last year. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 40% share price gain to CN¥115, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 15% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥200 per share. Buying Opportunity • Jun 29
Now 43% undervalued Over the last 90 days, the stock is up 8.6%. The fair value is estimated to be CN¥200, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 76% over the last year. Earnings per share has grown by 64%. Revenue is forecast to grow by 95% in 2 years. Earnings is forecast to grow by 78% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥114, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥103 per share. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥98.08, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥103 per share. Major Estimate Revision • Apr 30
Consensus revenue estimates increase by 12% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CN¥630.0m to CN¥708.0m. EPS estimate increased from CN¥2.10 to CN¥2.20 per share. Net income forecast to grow 37% next year vs 45% growth forecast for Machinery industry in China. Consensus price target down from CN¥179 to CN¥139. Share price was steady at CN¥81.40 over the past week. Buying Opportunity • Apr 29
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 44%. The fair value is estimated to be CN¥106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.57 (up from CN¥0.82 in FY 2020). Revenue: CN¥443.4m (up 105% from FY 2020). Net income: CN¥189.2m (up 131% from FY 2020). Profit margin: 43% (up from 38% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 47%, compared to a 30% 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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. Price Target Changed • Jan 10
Price target increased to CN¥182 Up from CN¥165, the current price target is an average from 8 analysts. New target price is 13% above last closing price of CN¥160. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥1.57 for next year compared to CN¥0.82 last year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.30 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥135.4m (up 124% from 3Q 2020). Net income: CN¥58.5m (up 99% from 3Q 2020). Profit margin: 43% (down from 49% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.21 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥107.1m (up 91% from 2Q 2020). Net income: CN¥47.0m (up 149% from 2Q 2020). Profit margin: 44% (up from 34% in 2Q 2020). Major Estimate Revision • May 01
Consensus EPS estimates increase to CN¥1.16 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥335.7m to CN¥354.8m. EPS estimate increased from CN¥1.04 to CN¥1.16 per share. Net income forecast to grow 48% next year vs 32% growth forecast for Machinery industry in China. Consensus price target up from CN¥135 to CN¥144. Share price rose 7.2% to CN¥133 over the past week. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.82 (vs CN¥0.65 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥216.5m (up 17% from FY 2019). Net income: CN¥82.1m (up 40% from FY 2019). Profit margin: 38% (up from 32% in FY 2019). The increase in margin was driven by higher revenue. Major Estimate Revision • Mar 09
Analysts lower revenue estimates to CN¥336.9m The 2021 consensus revenue estimate decreased from CN¥378.1m. Earning per share (EPS) estimate was also lowered from CN¥1.13 to CN¥1.08 for the same period. Net income is expected to grow by 60% next year compared to 39% growth forecast for the Machinery industry in China. The consensus price target was lowered from CN¥157 to CN¥146. Share price is down by 16% to CN¥87.87 over the past week. Is New 90 Day High Low • Mar 01
New 90-day low: CN¥106 The company is down 8.0% from its price of CN¥115 on 01 December 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.88 per share. Is New 90 Day High Low • Jan 19
New 90-day high: CN¥157 The company is up 102% from its price of CN¥77.82 on 21 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥54.06 per share. Is New 90 Day High Low • Dec 17
New 90-day high: CN¥134 The company is up 71% from its price of CN¥78.40 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: CN¥115 The company is up 72% from its price of CN¥66.90 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period.