Announcement • Jun 30
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report First Half, 2026 Results on Aug 18, 2026 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report first half, 2026 results on Aug 18, 2026 New Risk • Apr 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Apr 15
First quarter 2026 earnings released: EPS: CN¥0.003 (vs CN¥0.091 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.003 (down from CN¥0.091 in 1Q 2025). Revenue: CN¥792.2m (up 13% from 1Q 2025). Net income: CN¥1.21m (down 97% from 1Q 2025). Profit margin: 0.2% (down from 5.9% in 1Q 2025). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 15
ZheJiang Haers Vacuum Containers Co.,Ltd., Annual General Meeting, May 12, 2026 ZheJiang Haers Vacuum Containers Co.,Ltd., Annual General Meeting, May 12, 2026, at 15:00 China Standard Time. Location: 3F, No. 1, Ha'ersi Road, Yongkang, Zhejiang China Announcement • Mar 31
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Q1, 2026 Results on Apr 15, 2026 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report Q1, 2026 results on Apr 15, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.27, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 3.4% over the past three years. Announcement • Dec 31
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.21 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.019 (down from CN¥0.21 in 3Q 2024). Revenue: CN¥865.6m (down 11% from 3Q 2024). Net income: CN¥8.77m (down 91% from 3Q 2024). Profit margin: 1.0% (down from 9.9% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 30
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.1% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Announcement • Jul 02
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jun 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.32, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 84% over the past three years. Declared Dividend • May 23
Dividend of CN¥0.15 announced Shareholders will receive a dividend of CN¥0.15. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 3.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 23
First quarter 2025 earnings released: EPS: CN¥0.091 (vs CN¥0.068 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.091 (up from CN¥0.068 in 1Q 2024). Revenue: CN¥704.1m (up 23% from 1Q 2024). Net income: CN¥41.4m (up 32% from 1Q 2024). Profit margin: 5.9% (up from 5.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Announcement • Apr 22
ZheJiang Haers Vacuum Containers Co.,Ltd., Annual General Meeting, May 12, 2025 ZheJiang Haers Vacuum Containers Co.,Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: 3F, No. 1, Ha'ersi Road, Yongkang, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.41, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 32% over the past three years. Announcement • Mar 31
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Q1, 2025 Results on Apr 22, 2025 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Buy Or Sell Opportunity • Mar 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to CN¥8.09. The fair value is estimated to be CN¥10.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Buy Or Sell Opportunity • Feb 13
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CN¥8.17. The fair value is estimated to be CN¥10.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Announcement • Jan 25
Zhejiang Haers Vacuum Containers Co.,Ltd. Approves Profit Distribution for Third Quarter 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. at the Extraordinary General Meeting of 2025 on 23 January 2025 approved 2024 third quarter profit distribution plan. Cash dividend per 10 shares (tax included) of CNY 1.00000000. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥8.69, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 69% over the past three years. Announcement • Jan 09
ZheJiang Haers Vacuum Containers Co.,Ltd. Announces the Profit Distribution Proposal for the Third Quarter of 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. announced on 08 January 2025 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.00000000. Announcement • Dec 31
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Buy Or Sell Opportunity • Nov 07
Now 20% undervalued Over the last 90 days, the stock has risen 32% to CN¥8.65. The fair value is estimated to be CN¥10.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥9.89, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 86% over the past three years. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥974.6m (up 27% from 3Q 2023). Net income: CN¥96.3m (down 10% from 3Q 2023). Profit margin: 9.9% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 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 CN¥7.91, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 65% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.09 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.09 in 2Q 2023). Revenue: CN¥818.0m (up 42% from 2Q 2023). Net income: CN¥97.2m (up 132% from 2Q 2023). Profit margin: 12% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.09, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Consumer Durables industry in China. Total returns to shareholders of 56% over the past three years. Announcement • Jun 29
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report First Half, 2024 Results on Aug 26, 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report first half, 2024 results on Aug 26, 2024 Announcement • May 30
ZheJiang Haers Vacuum Containers Co.,Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on June 4, 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2023. Record date is June 3, 2024. Ex-date is June 4, 2024. Payment date is June 4, 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.008 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.068 (up from CN¥0.008 in 1Q 2023). Revenue: CN¥574.8m (up 59% from 1Q 2023). Net income: CN¥31.5m (up CN¥27.9m from 1Q 2023). Profit margin: 5.5% (up from 1.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Apr 02
ZheJiang Haers Vacuum Containers Co.,Ltd., Annual General Meeting, Apr 22, 2024 ZheJiang Haers Vacuum Containers Co.,Ltd., Annual General Meeting, Apr 22, 2024, at 14:30 China Standard Time. Location: 3F, No. 1, Ha'ersi Road, Economic Development Zone, Yongkang, Zhejiang China Reported Earnings • Apr 02
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.54 (up from CN¥0.50 in FY 2022). Revenue: CN¥2.41b (flat on FY 2022). Net income: CN¥249.8m (up 21% from FY 2022). Profit margin: 10% (up from 8.5% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.46, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Consumer Durables industry in China. Total returns to shareholders of 83% over the past three years. Announcement • Dec 30
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 02, 2024 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 02, 2024 New Risk • Nov 07
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (9.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥8.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 56% over the past three years. Reported Earnings • Oct 14
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.13 in 3Q 2022). Revenue: CN¥769.3m (up 28% from 3Q 2022). Net income: CN¥107.4m (up 103% from 3Q 2022). Profit margin: 14% (up from 8.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report Q3, 2023 Results on Oct 16, 2023 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report Q3, 2023 results on Oct 16, 2023 Board Change • Sep 06
High number of new directors Non-Independent Director Rulai Wu was the last director to join the board, commencing their role in 2023. Announcement • Sep 02
ZheJiang Haers Vacuum Containers Co.,Ltd. Approves Executive Appointments ZheJiang Haers Vacuum Containers Co.,Ltd. at its 2nd Extraordinary General Meeting of 2023 on 30 August 2023 approved Election of Lv Qiang and Wu Rulai as non-independent director. Election of Zhang Xuyong and Wen Zongyu as independent directors. Election of Chen Tingjiang and Zhang Jingping as non-employee supervisors. New Risk • Aug 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (13% increase in shares outstanding). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.094 (vs CN¥0.25 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.094 (down from CN¥0.25 in 2Q 2022). Revenue: CN¥574.3m (down 21% from 2Q 2022). Net income: CN¥42.0m (down 56% from 2Q 2022). Profit margin: 7.3% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.54, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 25x in the Consumer Durables industry in China. Total returns to shareholders of 45% over the past three years. New Risk • Jun 28
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 7.1% 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: Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Jun 14
ZheJiang Haers Vacuum Containers Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares as Cash Dividend for the Year 2022, Payable on 20 June 2023 ZheJiang Haers Vacuum Containers Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2022, payable on 20 June 2023. Record date is 19 June 2023. Ex-date is 20 June 2023. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.91, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 31% over the past three years. Announcement • May 18
Zhejiang Haers Vacuum Containers Co.,Ltd. Approves Cash Dividend ZheJiang Haers Vacuum Containers Co.,Ltd. held its Annual General Meeting of 2022 on 16 May 2023, during which it approved: Cash dividend/10 shares (tax included): CNY 2.00000000. Announcement • May 15
ZheJiang Haers Vacuum Containers Co.,Ltd. (SZSE:002615) announces an Equity Buyback for CNY 80 million worth of its shares. ZheJiang Haers Vacuum Containers Co.,Ltd. (SZSE:002615) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 80 million worth of its shares. The shares will be repurchased at a price not more than CNY 10.60 per share. The shares repurchased will be used for ESOP and/or equity incentives. The program will be valid for not more than 12 months. Announcement • Feb 03
Wei Dibo cancelled the acquisition of a 6.77% stake in ZheJiang Haers Vacuum Containers Co.,Ltd. (SZSE:002615) from Lv Qiang. Wei Dibo agreed to acquire a 6.77% stake in ZheJiang Haers Vacuum Containers Co.,Ltd. (SZSE:002615) from Lv Qiang for approximately CNY 160 million on July 15, 2022. 28,000,000 shares will be acquired at CNY 5.85 per share. Within 5 working days from the transfer completion date, Wei Dibo will pay 20% of the transfer price. Within 12 months from the transfer completion date, Wei Dibo will pay the remaining amount.
Wei Dibo cancelled the acquisition of a 6.77 stake in ZheJiang Haers Vacuum Containers Co.,Ltd. (SZSE:002615) from Lv Qiang on February 2, 2023. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥7.28, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.082 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.082 in 3Q 2021). Revenue: CN¥602.6m (up 2.5% from 3Q 2021). Net income: CN¥53.0m (up 51% from 3Q 2021). Profit margin: 8.8% (up from 6.0% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥5.81, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 6.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥8.18, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 27x in the Consumer Durables industry in China. Total returns to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.06, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 29x in the Consumer Durables industry in China. Total returns to shareholders of 37% over the past three years. Announcement • May 27
Zhejiang Haers Vacuum Containers Co.,Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date Is 02 June 2022 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 1.50000000. Record date is 01 June 2022. Ex-date is 02 June 2022. Payment date is 02 June 2022. Announcement • May 19
Zhejiang Haers Vacuum Containers Co.,Ltd. Approves Cash Dividend for 2021 ZheJiang Haers Vacuum Containers Co.,Ltd. held its Annual General Meeting of 2021 on May 17, 2022, approved Cash dividend (tax included) of CNY 1.50000000 per 10 shares. Announcement • Apr 27
Zhejiang Haers Vacuum Containers Co.,Ltd. Proposes Final Dividend for 2021 ZheJiang Haers Vacuum Containers Co.,Ltd. proposed final cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥565.4m (up 16% from 1Q 2021). Net income: CN¥30.8m (up 21% from 1Q 2021). Profit margin: 5.4% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.082 (vs CN¥0.04 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥587.7m (up 25% from 3Q 2020). Net income: CN¥35.2m (up 103% from 3Q 2020). Profit margin: 6.0% (up from 3.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.70, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 9.4% over the past three years. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.019 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥584.5m (up 96% from 2Q 2020). Net income: CN¥31.1m (up CN¥39.7m from 2Q 2020). Profit margin: 5.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 16
Full year 2020 earnings released: CN¥0.06 loss per share (vs CN¥0.13 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥1.49b (down 17% from FY 2019). Net loss: CN¥26.5m (down 148% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥3.75 The company is down 34% from its price of CN¥5.65 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥4.46 The company is down 16% from its price of CN¥5.31 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥5.21 The company is down 19% from its price of CN¥6.46 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 13% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.03 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥468.6m (down 4.6% from 3Q 2019). Net income: CN¥17.3m (down 54% from 3Q 2019). Profit margin: 3.7% (down from 7.6% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 01
New 90-day low: CN¥5.29 The company is down 2.0% from its price of CN¥5.38 on 03 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 7.0% over the same period. Announcement • Aug 12
ZheJiang Haers Vacuum Containers Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 ZheJiang Haers Vacuum Containers Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020