Announcement • Jun 01
Zhejiang Shibao Company Limited, Annual General Meeting, Jun 30, 2026 Zhejiang Shibao Company Limited, Annual General Meeting, Jun 30, 2026, at 14:00 China Standard Time. Location: 3F, Office Building, No. 6, 17th Avenue, Qiantang District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$4.54, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total returns to shareholders of 205% over the past three years. Buy Or Sell Opportunity • Apr 18
Now 21% undervalued Over the last 90 days, the stock has risen 1.8% to HK$5.72. The fair value is estimated to be HK$7.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 57%. Announcement • Mar 31
Zhejiang Shibao Company Limited to Report Q1, 2026 Results on Apr 27, 2026 Zhejiang Shibao Company Limited announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.18 in FY 2024) Full year 2025 results: EPS: CN¥0.22 (up from CN¥0.18 in FY 2024). Revenue: CN¥3.55b (up 32% from FY 2024). Net income: CN¥180.5m (up 21% from FY 2024). Profit margin: 5.1% (down from 5.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 57% per year whereas the company’s share price has increased by 56% per year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$7.39, the stock trades at a trailing P/E ratio of 28.7x. Average forward P/E is 10x in the Auto Components industry in Hong Kong. Total returns to shareholders of 371% over the past three years. New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$6.21, the stock trades at a trailing P/E ratio of 24.5x. Average forward P/E is 10x in the Auto Components industry in Hong Kong. Total returns to shareholders of 279% over the past three years. Announcement • Dec 31
Zhejiang Shibao Company Limited to Report Fiscal Year 2025 Results on Mar 30, 2026 Zhejiang Shibao Company Limited announced that they will report fiscal year 2025 results on Mar 30, 2026 Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$4.59, the stock trades at a trailing P/E ratio of 18.3x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 187% over the past three years. Buy Or Sell Opportunity • Dec 16
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to HK$4.55. The fair value is estimated to be HK$3.77, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Nov 07
Zhejiang Shibao Company Limited Appoints Li Xing Jian as an Independent Non- Executive Director, Effective 7 November 2025 Zhejiang Shibao Company Limited announced that at the EGM held on 7 November 2025, approved the appointment of Mr. Li Xing Jian ("Mr. Li") as independent non-executive Director was approved by the Shareholders at the EGM. The term of service of Mr. Li commences on 7 November 2025 and will end at the conclusion of the 2026 annual general meeting of the Company (i.e. the expiration of the term of the eighth session of the Board). Mr. Li Xing Jian (), aged 62, is a Chinese national with no permanent residence abroad. He has a bachelor's degree. Mr. Li graduated from Zhejiang Agricultural University (merged into Zhejiang University in 1998) with a major in agricultural economics and management. Mr. Li served as a lecturer at the College of Economics and Trade of Zhejiang Agricultural University and a principal staff member of the Publicity Department of the Party Committee since September 1987, and as a lecturer and graduate supervisor at the School of Economics of Zhejiang University since September 1998, until his retirement in July 2023. Since August 2023, Mr. Li has been the director of the China Capital Market and Equity Investment Research Center of Zhejiang Provincial Financial Research Institute. Since July 2022, Mr. Li has been an independent director of Ningbo Yinzhou Rural Commercial Bank Co. Ltd. Since 20 November 2023, Mr. Li has been an independent director of ZhongWang Fabric Co. Ltd. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.055 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.069 (up from CN¥0.055 in 3Q 2024). Revenue: CN¥937.6m (up 36% from 3Q 2024). Net income: CN¥56.6m (up 26% from 3Q 2024). Profit margin: 6.0% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhejiang Shibao Company Limited to Report Q3, 2025 Results on Oct 28, 2025 Zhejiang Shibao Company Limited announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Sep 01
Second quarter 2025 earnings released: EPS: CN¥0.054 (vs CN¥0.055 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.054 (down from CN¥0.055 in 2Q 2024). Revenue: CN¥806.4m (up 27% from 2Q 2024). Net income: CN¥44.3m (down 1.8% from 2Q 2024). Profit margin: 5.5% (down from 7.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$6.11, the stock trades at a trailing P/E ratio of 26.1x. Average forward P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 230% over the past three years. Announcement • Jul 02
Zhejiang Shibao Company Limited to Report First Half, 2025 Results on Aug 27, 2025 Zhejiang Shibao Company Limited announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jun 25
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 Hong Kong stocks, typically moving 15% 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. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to HK$6.34, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$4.88, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 10x in the Auto Components industry in Hong Kong. Total returns to shareholders of 215% over the past three years. Upcoming Dividend • May 22
Upcoming dividend of HK$0.065 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Hong Kong dividend payers (7.7%). Lower than average of industry peers (3.4%). Announcement • May 16
Zhejiang Shibao Company Limited Approves Payment of Cash Dividend Zhejiang Shibao Company Limited at its Annual General Meeting held on 15 May 2025, approved payment of cash dividend of RMB 0.60 (tax inclusive) for every 10 shares, with a total dividend of RMB 49,357,943.04 (tax inclusive), no bonus shares and no conversion of capital reserve into share capital. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$3.90, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 202% over the past three years. New Risk • Apr 24
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 Hong Kong 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. This is currently the only risk that has been identified for the company. Announcement • Apr 16
Zhejiang Shibao Company Limited, Annual General Meeting, May 15, 2025 Zhejiang Shibao Company Limited, Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 3F, Office Building, No. 6, 17th Avenue, Qiantang District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to HK$2.54, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 69% over the past three years. Announcement • Apr 01
Zhejiang Shibao Company Limited Proposes Final Cash Dividend for the Year 2024 Zhejiang Shibao Company Limited proposed final cash dividend/10 shares (tax included) of CNY 0.60000000 for the year 2024. Announcement • Mar 31
Zhejiang Shibao Company Limited to Report Q1, 2025 Results on Apr 23, 2025 Zhejiang Shibao Company Limited announced that they will report Q1, 2025 results on Apr 23, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.098 in FY 2023) Full year 2024 results: EPS: CN¥0.18 (up from CN¥0.098 in FY 2023). Revenue: CN¥2.69b (up 48% from FY 2023). Net income: CN¥149.1m (up 93% from FY 2023). Profit margin: 5.5% (up from 4.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$4.10, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$3.50, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 95% over the past three years. Announcement • Jan 24
Zhejiang Shibao Company Limited Provides Earnings Guidance for the Period from 1 January to 31 December 2024 Zhejiang Shibao Company Limited provided earnings guidance for the period from 1 January to 31 December 2024. For the period the company expects that the net profit attributable to shareholders of listed company for the twelve months from 1 January to 31 December 2024 is between RMB 140,000,000.00 and RMB 165,000,000.00 (corresponding period of last year: RMB 77,204,300.00), representing an increase of between 81.34% and 113.72% as compared with last year; the net profit after non-recurring gains and losses attributable to shareholders of listed company is between RMB 130,000,000.00 and RMB 155,000,000.00 (corresponding period of last year: RMB 64,374,800.00), representing an increase of between 101.94% and 140.78% as compared with last year; basic earnings per share is between RMB 0.17 and RMB 0.20 (corresponding period of last year: RMB 0.10). During the Reporting Period, benefiting from the acceleration of the trend of vehicle electrification, intelligence and globalisation, as well as the gradual increase in the market share of Chinese brand passenger cars, the sales growth of the Company's electrification and intelligent steering system products drove the growth in overall operating income, the increase in gross profit, and the decrease in proportion of expenses to operating income during the period of the Company, which comprehensively made the Company's net profit increase significantly year-on-year. Announcement • Dec 31
Zhejiang Shibao Company Limited to Report Fiscal Year 2024 Results on Mar 31, 2025 Zhejiang Shibao Company Limited announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Dec 31
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 Hong Kong stocks, typically moving 18% 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 (18% average weekly change). Minor Risk Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$3.78, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 108% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.027 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.055 (up from CN¥0.027 in 3Q 2023). Revenue: CN¥691.2m (up 54% from 3Q 2023). Net income: CN¥45.1m (up 116% from 3Q 2023). Profit margin: 6.5% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to HK$3.16, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 8x in the Auto Components industry in Hong Kong. Total returns to shareholders of 90% over the past three years. Announcement • Sep 30
Zhejiang Shibao Company Limited to Report Q3, 2024 Results on Oct 30, 2024 Zhejiang Shibao Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$2.48, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 8x in the Auto Components industry in Hong Kong. Total returns to shareholders of 61% over the past three years. New Risk • Aug 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$750.6k (US$96.2k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.014 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.055 (up from CN¥0.014 in 2Q 2023). Revenue: CN¥632.9m (up 65% from 2Q 2023). Net income: CN¥45.1m (up 319% from 2Q 2023). Profit margin: 7.1% (up from 2.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 19
Upcoming dividend of HK$0.027 per share Eligible shareholders must have bought the stock before 26 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (4.4%). Upcoming Dividend • Jul 12
Upcoming dividend of HK$0.027 per share Eligible shareholders must have bought the stock before 17 July 2024. Payment date: 16 August 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Hong Kong dividend payers (8.0%). Lower than average of industry peers (4.3%). Announcement • Jun 29
Zhejiang Shibao Company Limited to Report First Half, 2024 Results on Aug 26, 2024 Zhejiang Shibao Company Limited announced that they will report first half, 2024 results on Aug 26, 2024 Announcement • May 22
Zhejiang Shibao Company Limited, Annual General Meeting, Jun 17, 2024 Zhejiang Shibao Company Limited, Annual General Meeting, Jun 17, 2024, at 14:00 China Standard Time. Location: conference room of the company, 3rd floor of office building no. 6, 17th avenue, hangzhou economic and, technological development zone, hangzhou, zhejiang province, china, China Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to HK$2.57, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 44% over the past three years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.012 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.028 (up from CN¥0.012 in 1Q 2023). Revenue: CN¥493.4m (up 43% from 1Q 2023). Net income: CN¥21.8m (up 140% from 1Q 2023). Profit margin: 4.4% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Apr 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Zhejiang Shibao Company Limited to Report Q1, 2024 Results on Apr 26, 2024 Zhejiang Shibao Company Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.02 in FY 2022) Full year 2023 results: EPS: CN¥0.10 (up from CN¥0.02 in FY 2022). Revenue: CN¥1.82b (up 31% from FY 2022). Net income: CN¥77.2m (up 388% from FY 2022). Profit margin: 4.2% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 30
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 Hong Kong stocks, typically moving 10% 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 (10% average weekly change). Large one-off items impacting financial results. Announcement • Jan 30
Zhejiang Shibao Company Limited Provides Earnings Guidance for the Period from 1 January to 31 December 2023 Zhejiang Shibao Company Limited provided earnings guidance for the period from 1 January to 31 December 2023. The company expects that the net profit attributable to shareholders of listed company for the 1 January to 31 December 2023 is between RMB 75,000,000.00 and RMB 85,000,000.00 (corresponding period of last year: net profit of RMB 15,823,600.00); the net profit after non-recurring gains and losses attributable to shareholders of listed company is between RMB 62,000,000.00 and RMB 72,000,000.00 (corresponding period of last year: net loss of RMB 9,657,900.00); basic earnings per share is between RMB 0.09 and RMB 0.11 (corresponding period of last year: basic earnings per share of RMB 0.02. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$2.11, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 8x in the Auto Components industry in Hong Kong. Total returns to shareholders of 3.4% over the past three years. Announcement • Dec 29
Zhejiang Shibao Company Limited to Report Fiscal Year 2023 Results on Mar 25, 2024 Zhejiang Shibao Company Limited announced that they will report fiscal year 2023 results on Mar 25, 2024 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 HK$2.54, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 144% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.007 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.027 (up from CN¥0.007 in 3Q 2022). Revenue: CN¥448.6m (up 20% from 3Q 2022). Net income: CN¥20.9m (up 284% from 3Q 2022). Profit margin: 4.7% (up from 1.5% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 33% per year. Reported Earnings • Aug 21
Second quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.006 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.014 (up from CN¥0.006 in 2Q 2022). Revenue: CN¥382.9m (up 31% from 2Q 2022). Net income: CN¥10.8m (up 120% from 2Q 2022). Profit margin: 2.8% (up from 1.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to HK$2.50, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 12x in the Auto Components industry in Hong Kong. Total returns to shareholders of 178% over the past three years. New Risk • Jul 05
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 Hong Kong 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: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to HK$2.04, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 140% over the past three years. Announcement • Jul 01
Zhejiang Shibao Company Limited to Report First Half, 2023 Results on Aug 21, 2023 Zhejiang Shibao Company Limited announced that they will report first half, 2023 results on Aug 21, 2023 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to HK$1.73, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 131% over the past three years. Reported Earnings • Mar 20
Full year 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.043 in FY 2021) Full year 2022 results: EPS: CN¥0.02 (down from CN¥0.043 in FY 2021). Revenue: CN¥1.39b (up 18% from FY 2021). Net income: CN¥15.8m (down 54% from FY 2021). Profit margin: 1.1% (down from 2.9% in FY 2021). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Chun Shing Tsui was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.007 (vs CN¥0.01 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.007 (down from CN¥0.01 in 3Q 2021). Revenue: CN¥372.7m (up 27% from 3Q 2021). Net income: CN¥5.45m (down 32% from 3Q 2021). Profit margin: 1.5% (down from 2.7% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2022 earnings released: EPS: CN¥0.006 (vs CN¥0.018 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.006 (down from CN¥0.018 in 2Q 2021). Revenue: CN¥293.4m (up 5.0% from 2Q 2021). Net income: CN¥4.89m (down 65% from 2Q 2021). Profit margin: 1.7% (down from 5.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.005 loss per share (vs CN¥0.026 profit in 1Q 2021) First quarter 2022 results: CN¥0.005 loss per share (down from CN¥0.026 profit in 1Q 2021). Revenue: CN¥260.6m (down 11% from 1Q 2021). Net loss: CN¥4.03m (down 120% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Chun Shing Tsui was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: CN¥0.04 (vs CN¥0.052 in FY 2020) Full year 2021 results: EPS: CN¥0.04 (down from CN¥0.052 in FY 2020). Revenue: CN¥1.18b (up 6.9% from FY 2020). Net income: CN¥34.2m (down 16% from FY 2020). Profit margin: 2.9% (down from 3.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.81, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to HK$1.86, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 25% share price gain to HK$2.25, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 17x in the Auto Components industry in Hong Kong. Total returns to shareholders of 96% over the past three years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 19% share price gain to HK$2.07, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 17x in the Auto Components industry in Hong Kong. Total returns to shareholders of 85% over the past three years. Reported Earnings • Oct 29
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥293.1m (down 6.9% from 3Q 2020). Net income: CN¥7.95m (down 63% from 3Q 2020). Profit margin: 2.7% (down from 6.9% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.018 (vs CN¥0.025 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥279.4m (down 4.9% from 2Q 2020). Net income: CN¥14.1m (down 28% from 2Q 2020). Profit margin: 5.1% (down from 6.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥1.73, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 19x in the Auto Components industry in Hong Kong. Total returns to shareholders of 27% over the past three years. Executive Departure • Jul 13
Independent Non-Executive Director Shing Kei Shum has left the company On the 30th of June, Shing Kei Shum's tenure as Independent Non-Executive Director ended after 6.0 years in the role. We don't have any record of a personal shareholding under Shing Kei's name. Shing Kei is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 12.17 years. 
