New Risk • Jun 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 107% Dividend yield: 0.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 107% Earnings have declined by 9.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.3% net profit margin). Announcement • May 14
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2026 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, China Standard Time on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥33.81, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 56x in the Machinery industry in China. Total returns to shareholders of 62% over the past three years. Announcement • Mar 31
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 New Risk • Dec 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.7% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥36.14, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 49x in the Machinery industry in China. Total returns to shareholders of 58% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.074 (vs CN¥0.16 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.074 (down from CN¥0.16 in 3Q 2024). Revenue: CN¥152.5m (down 13% from 3Q 2024). Net income: CN¥8.16m (down 51% from 3Q 2024). Profit margin: 5.4% (down from 9.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 30
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 17
Guangdong Yangshan United Precision Manufacturing Co., Ltd. (SZSE:001268) signed a letter of intent to acquire 51% stake in Chengdu Maite Aviation Manufacturing Co., Ltd. from Qiu Tinggui in a transaction valued at CNY 380 million. Guangdong Yangshan United Precision Manufacturing Co., Ltd. (SZSE:001268) signed a letter of intent to acquire 51% stake in Chengdu Maite Aviation Manufacturing Co., Ltd. from Qiu Tinggui in a transaction valued at CNY 380 million on September 15, 2025. The consideration will be paid in cash. As of June 30, 2025, Chengdu Maite Aviation Manufacturing Co., Ltd. reported total assets of CNY 346.27 million and net assets of CNY 219.51 million. The transaction is subject to consummation of due diligence investigation. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥32.77, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 48x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥28.29, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 44x in the Machinery industry in China. Total loss to shareholders of 2.5% over the past three years. Announcement • Jul 02
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • May 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.8% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.2% average weekly change). New Risk • May 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.0% 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 6.2% 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 (9.0% average weekly change). Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.15 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.15 in 1Q 2024). Revenue: CN¥224.1m (up 29% from 1Q 2024). Net income: CN¥19.2m (up 20% from 1Q 2024). Profit margin: 8.6% (down from 9.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 25
Guangdong Yangshan United Precision Manufacturing Co., Ltd., Annual General Meeting, May 15, 2025 Guangdong Yangshan United Precision Manufacturing Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Apr 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.9% average weekly change). Announcement • Mar 31
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥26.32, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 43x in the Machinery industry in China. Total returns to shareholders of 35% over the past year. Announcement • Dec 31
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Announcement • Sep 30
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥18.00, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 40% over the past year. Announcement • Sep 05
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Announces Board Appointments Guangdong Yangshan United Precision Manufacturing Co., Ltd. at the Extraordinary General Meeting of 2024 on 02 September 2024 approved election and nomination of non-independent directors, cumulative voting system applicable: Liu Ruixing, non-independent director; Su Zhaosen, non-independent director; Election and nomination of independent directors, cumulative voting system applicable: Liu Jing, independent director; Election and nomination of non-employee supervisors, cumulative voting system applicable: Wu Junlin, non-employee supervisor; Liu Xiwen, non-employee supervisor. Announcement • Jun 29
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 27
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 3 July 2024 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.50000000 on A shares for the year 2023. Record date is 02 July 2024. Ex-date is 03 July 2024. Payment date is 03 July 2024. Buy Or Sell Opportunity • Jun 12
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to CN¥17.20. The fair value is estimated to be CN¥14.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 12%. Announcement • Apr 28
Guangdong Yangshan United Precision Manufacturing Co., Ltd., Annual General Meeting, May 16, 2024 Guangdong Yangshan United Precision Manufacturing Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 annual report and its summary; to consider 2023 profit distribution plan; to consider application for comprehensive credit line to banks and other financial institutions by the Company and wholly-owned subsidiaries; to consider 2024 estimated guarantee quota for wholly-owned subsidiaries; and to consider other matters. Announcement • Apr 27
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced on 26 April 2024 the profit distribution proposal for 2023: Cash dividend (tax included) of CNY 2.50000000 per 10 shares. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥16.07, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 31% over the past year. Announcement • Mar 30
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.19, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 26x in the Machinery industry in China. Total loss to shareholders of 33% over the past year. Announcement • Feb 21
Guangdong Yangshan United Precision Manufacturing Co., Ltd. (SZSE:001268) announces an Equity Buyback for CNY 30 million worth of its shares. Guangdong Yangshan United Precision Manufacturing Co., Ltd. (SZSE:001268) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than CNY 29.37 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥17.39, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 26x in the Machinery industry in China. Total loss to shareholders of 29% over the past year. Announcement • Dec 29
Guangdong Yangshan United Precision Manufacturing Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.10 in 3Q 2022). Revenue: CN¥163.2m (up 6.2% from 3Q 2022). Net income: CN¥12.6m (up 18% from 3Q 2022). Profit margin: 7.7% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.07, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 4.1% over the past year. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥26.74, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 2.2% over the past year. New Risk • Aug 29
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: 8.5% Last year net profit margin: 14% 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 (20% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (8.5% net profit margin). Announcement • Jun 03
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Announces Final Cash Dividend for the Year 2022, Payable on 08 June 2023 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced a final cash dividend of CNY 1.00 (tax included) per 10 A shares for the year 2022. Record date is 07 June 2023, Ex-date is 08 June 2023, Payment date is 08 June 2023. Announcement • May 19
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Approves Cash Dividend for 2022 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced that at the Annual General Meeting of 2022 held on 16 May 2023 approved Cash dividend/10 shares (tax included) of CNY 1.00000000 for 2022. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.32 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.32 in 1Q 2022). Revenue: CN¥168.7m (down 7.0% from 1Q 2022). Net income: CN¥16.1m (down 38% from 1Q 2022). Profit margin: 9.5% (down from 14% in 1Q 2022). The decrease in margin was driven by lower revenue. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.10. Net income: CN¥10.7m (up CN¥10.7m from 3Q 2021). Announcement • Sep 22
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Announces Interim Dividend on A Shares for the Year 2022, Payable on 27 September 2022 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 2.50000000 on A shares for the year 2022. Record date is 26 September 2022. Ex-date is 27 September 2022. Payment date is 27 September 2022. Announcement • Sep 16
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Approves Interim Profit Distribution Plan for 2022 Guangdong Yangshan United Precision Manufacturing Co., Ltd. approved interim profit distribution plan of cash dividend of CNY 2.50000000 per 10 shares (tax included) for 2022 at its 3rd Extraordinary General Meeting of 2022 held September 2022. Announcement • Aug 31
Guangdong Yangshan United Precision Manufacturing Co., Ltd. Proposes Dividend for the First Half of 2022 Guangdong Yangshan United Precision Manufacturing Co., Ltd. announced on 29 August 2022 the profit distribution proposal of CNY 2.50000000/10 shares (tax included) for the first half of 2022.