Announcement • Jun 19
Zhejiang Jw Precision Machinery Co.,Ltd Announces Profit Distribution Plan on A Shares for the Year 2025 Zhejiang JW Precision Machinery Co.,Ltd has announced on 17 June 2026 the profit distribution proposal for 2025 changed as follows: Cash dividend/10 shares (tax included): CNY 3.00000000. Announcement • Apr 14
Zhejiang JW Precision Machinery Co.,Ltd, Annual General Meeting, Jun 29, 2026 Zhejiang JW Precision Machinery Co.,Ltd, Annual General Meeting, Jun 29, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Quzhou, Zhejiang China Reported Earnings • Apr 14
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.40 (up from CN¥0.24 in FY 2024). Revenue: CN¥1.25b (up 8.7% from FY 2024). Net income: CN¥48.2m (up 84% from FY 2024). Profit margin: 3.9% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 24% 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 11% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Announcement • Mar 31
Zhejiang JW Precision Machinery Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Zhejiang JW Precision Machinery Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Dec 29
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 7.2% 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 • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.091 (vs CN¥0.079 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.091 (up from CN¥0.079 in 3Q 2024). Revenue: CN¥316.4m (up 16% from 3Q 2024). Net income: CN¥11.9m (up 44% from 3Q 2024). Profit margin: 3.8% (up from 3.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 66% p.a. on average during the next 3 years, while revenues in the Machinery industry in China are expected to grow by 15%. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 58% per year, which means it is well ahead of earnings. Announcement • Sep 30
Zhejiang JW Precision Machinery Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.064 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.064 in 2Q 2024). Revenue: CN¥317.6m (up 5.6% from 2Q 2024). Net income: CN¥13.2m (up 86% from 2Q 2024). Profit margin: 4.1% (up from 2.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Jul 02
Zhejiang JW Precision Machinery Co.,Ltd to Report First Half, 2025 Results on Aug 16, 2025 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • May 12
Dividend of CN¥0.15 announced Shareholders will receive a dividend of CN¥0.15. Ex-date: 15th May 2025 Payment date: 15th May 2025 Dividend yield will be 0.2%, which is lower than the industry average of 2.0%. Board Change • Apr 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Dafang Shi was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Zhejiang JW Precision Machinery Co.,Ltd announced that it expects to receive CNY 950 million in funding Zhejiang JW Precision Machinery Co. Ltd. announced a private placement to issue not more than 26,474,700 A shares for gross proceeds of CNY 950,000,000 on April 18, 2025. The transaction will include participation from not more than 35 issuance targets. The transaction had been reviewed and approved in the Company’s 3rd meeting of the 3rd board of directors and the 3rd meeting of the 3rd board of supervisors and it still requires the approval of the Shenzhen Stock Exchange and the China Securities Regulatory Commission. The securities are restricted to a hold period of 6 months. Announcement • Apr 15
Zhejiang Jw Precision Machinery Co.,Ltd Proposes Final Cash Dividend for the Year 2024 Zhejiang JW Precision Machinery Co.,Ltd announced on 14 April 2025 the profit distribution proposal for 2024 as follows: final cash dividend/10 shares (tax included): CNY 1.50000000. Announcement • Apr 14
Zhejiang JW Precision Machinery Co.,Ltd, Annual General Meeting, May 06, 2025 Zhejiang JW Precision Machinery Co.,Ltd, Annual General Meeting, May 06, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Quzhou, Zhejiang China Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.49 in FY 2023) Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.49 in FY 2023). Revenue: CN¥1.15b (up 16% from FY 2023). Net income: CN¥26.1m (down 31% from FY 2023). Profit margin: 2.3% (down from 3.8% in FY 2023). 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 30% per year, which means it is well ahead of earnings. Announcement • Mar 31
Zhejiang JW Precision Machinery Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Mar 07
Zhejiang JW Precision Machinery Co.,Ltd Approves Management Elections Zhejiang JW Precision Machinery Co.,Ltd announced that at its EGM held on 5 March 2025, approved the election of Deng Ying, Cai Weihua and Shi Dafang as independent directors of the company; Yao Fang and Ye Yanqing as non-employee supervisors of the company. New Risk • Jan 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.3% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Announcement • Dec 31
Zhejiang JW Precision Machinery Co.,Ltd to Report Fiscal Year 2024 Results on Apr 12, 2025 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report fiscal year 2024 results on Apr 12, 2025 New Risk • Dec 04
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 12% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 36% 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: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11. Revenue: CN¥272.8m (up 4.1% from 3Q 2023). Net income: CN¥8.23m (down 4.8% from 3Q 2023). Profit margin: 3.0% (down from 3.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Sep 30
Zhejiang JW Precision Machinery Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.50, the stock trades at a trailing P/E ratio of 60.9x. Average trailing P/E is 28x in the Machinery industry in China. Total loss to shareholders of 8.7% over the past three years. New Risk • Sep 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% 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: Major Risks Debt is not well covered by operating cash flow (2.0% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.059 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.09 (up from CN¥0.059 in 2Q 2023). Revenue: CN¥300.9m (up 21% from 2Q 2023). Net income: CN¥7.08m (up 56% from 2Q 2023). Profit margin: 2.4% (up from 1.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Zhejiang JW Precision Machinery Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥23.44, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 28x in the Machinery industry in China. Total loss to shareholders of 2.6% over the past year. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.25 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.25 in 1Q 2023). Revenue: CN¥267.5m (up 18% from 1Q 2023). Net income: CN¥6.05m (down 69% from 1Q 2023). Profit margin: 2.3% (down from 8.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.48, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 16% over the past year. Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: CN¥0.49 (vs CN¥0.59 in FY 2022) Full year 2023 results: EPS: CN¥0.49 (down from CN¥0.59 in FY 2022). Revenue: CN¥988.5m (down 5.4% from FY 2022). Net income: CN¥37.7m (down 17% from FY 2022). Profit margin: 3.8% (down from 4.3% in FY 2022). Announcement • Mar 30
Zhejiang JW Precision Machinery Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥22.93, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 30x in the Machinery industry in China. Total returns to shareholders of 3.0% over the past year. Announcement • Feb 20
Zhejiang JW Precision Machinery Co.,Ltd (SZSE:300984) announces an Equity Buyback for CNY 20 million worth of its shares. Zhejiang JW Precision Machinery Co.,Ltd (SZSE:300984) 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 no more than CNY 25 per share. The purpose of the program is to use the repurchased shares for employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The plan will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥20.00, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 26x in the Machinery industry in China. Total loss to shareholders of 10% over the past year. New Risk • Jan 19
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 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Announcement • Dec 30
Zhejiang JW Precision Machinery Co.,Ltd to Report Fiscal Year 2023 Results on Apr 09, 2024 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report fiscal year 2023 results on Apr 09, 2024 New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings have declined by 6.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.15 in 3Q 2022). Revenue: CN¥262.0m (down 4.0% from 3Q 2022). Net income: CN¥8.64m (down 26% from 3Q 2022). Profit margin: 3.3% (down from 4.3% in 3Q 2022). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Announcement • Sep 30
Zhejiang JW Precision Machinery Co.,Ltd to Report Q3, 2023 Results on Oct 25, 2023 Zhejiang JW Precision Machinery Co.,Ltd announced that they will report Q3, 2023 results on Oct 25, 2023 Announcement • Sep 19
Zhejiang JW Precision Machinery Co.,Ltd Announces 2023 Interim Profit Distribution Plan on A Shares, Payable on 25 September 2023 Zhejiang JW Precision Machinery Co.,Ltd announced 2023 interim profit distribution plan to be implemented (A shares) cash dividend (tax included) of CNY CNY 2.00000000 per 10 shares. Record date is 22 September 2023. Ex-date is 25 September 2023. Payment date is 25 September 2023. Announcement • Sep 15
Zhejiang JW Precision Machinery Co.,Ltd Approves Cash Dividend for the Year 2022 Zhejiang JW Precision Machinery Co.,Ltd at the EGM, the shareholders approved a cash dividend CNY 2.00000000 10 shares (tax included) for the year 2022. Announcement • Sep 01
Zhejiang JW Precision Machinery Co.,Ltd Proposes Dividend for the First Half of 2023 Zhejiang JW Precision Machinery Co.,Ltd proposed Cash dividend/10 shares (tax included): CNY 2.00000000 for the first half of 2023. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.26 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.059 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥248.2m (down 14% from 2Q 2022). Net income: CN¥4.52m (down 77% from 2Q 2022). Profit margin: 1.8% (down from 6.9% in 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.12 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.12 in 1Q 2022). Revenue: CN¥225.9m (down 11% from 1Q 2022). Net income: CN¥19.4m (up 108% from 1Q 2022). Profit margin: 8.6% (up from 3.7% in 1Q 2022). Board Change • Nov 16
Insufficient new directors 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. Independent Director Xusheng Guo was the last 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: Insufficient board refreshment. Board Change • Nov 01
Insufficient new directors 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. Independent Director Xusheng Guo was the last 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: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.23 in 3Q 2021). Revenue: CN¥273.0m (up 16% from 3Q 2021). Net income: CN¥11.7m (down 32% from 3Q 2021). Profit margin: 4.3% (down from 7.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Board Change • Oct 02
Insufficient new directors 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. Independent Director Xusheng Guo was the last 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: Insufficient board refreshment. Announcement • Sep 17
Zhejiang JW Precision Machinery Co.,Ltd Announces 2022 Interim Profit Distribution Plan on A Shares, Payable on 23 September 2022 Zhejiang JW Precision Machinery Co.,Ltd announced 2022 interim profit distribution plan to be implemented (A shares) cash dividend (tax included) of CNY CNY 5.00000000 per 10 shares. Record date on 22 September 2022, ex-date on 23 September 2022 and payment date on 23 September 2022. Announcement • Sep 16
Zhejiang Jw Precision Machinery Co.,Ltd Approves 2022 Interim Profit Distribution Plan Zhejiang JW Precision Machinery Co.,Ltd in its 2nd Extraordinary General Meeting of 2022 on 14 September 2022 approved Cash dividend/10 shares (tax included): CNY 5.00000000. Announcement • Aug 31
Zhejiang JW Precision Machinery Co.,Ltd Proposes Cash Dividend for the First Half of 2022 Zhejiang JW Precision Machinery Co.,Ltd announced profit distribution proposal for the first half of 2022 as Cash dividend/10 shares (tax included): CNY 5.00000000. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥1.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26. Revenue: CN¥287.7m (up 26% from 2Q 2021). Net income: CN¥19.9m (up 26% from 2Q 2021). Profit margin: 6.9% (in line with 2Q 2021). Reported Earnings • Apr 28
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.41 in 1Q 2021). Revenue: CN¥252.9m (up 25% from 1Q 2021). Net income: CN¥9.34m (down 38% from 1Q 2021). Profit margin: 3.7% (down from 7.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 56%, compared to a 31% growth forecast for the industry in China. 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 Yifei Chen was the last director to join the board, commencing their role in 2021. 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 • Apr 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥43.97, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Machinery industry in China. Announcement • Apr 10
Zhejiang JW Precision Machinery Co.,Ltd, Annual General Meeting, Apr 28, 2022 Zhejiang JW Precision Machinery Co.,Ltd, Annual General Meeting, Apr 28, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2022 financing quota and provision of relevant guarantee; to consider the Reappointment of audit firm; to consider an Annual remuneration plan for directors, supervisors and senior management; to consider 2021 profit distribution plan; to consider the Change of the Company's registered capital, amendments to the Company's articles of association, and handling the industrial and commercial registration amendment; to consider the Company's eligibility for issuance of convertible corporate bonds to non-specific parties; to consider the Plan for issuance of convertible corporate bonds to non-specific parties; to consider the Preplan for issuance of convertible corporate bonds to non-specific parties; and to transact such other business issues. Reported Earnings • Apr 08
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥1.50. Revenue: CN¥895.6m (up 61% from FY 2020). Net income: CN¥62.9m (up 8.9% from FY 2020). Profit margin: 7.0% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is forecast to grow 55%, compared to a 29% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥65.40, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥70.05, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 40x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥55.67, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 41x in the Machinery industry in China. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.36 (vs CN¥0.49 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¥235.8m (up 51% from 3Q 2020). Net income: CN¥17.3m (down 2.6% from 3Q 2020). Profit margin: 7.3% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. 
