Announcement • Jul 01
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥23.79, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 51x in the Machinery industry in China. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.79, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 53x in the Machinery industry in China. Total returns to shareholders of 90% over the past three years. Declared Dividend • May 11
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 18th May 2026 Payment date: 18th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (22% 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 29% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 8.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 10
Full year 2025 earnings released: EPS: CN¥0.84 (vs CN¥0.70 in FY 2024) Full year 2025 results: EPS: CN¥0.84 (up from CN¥0.70 in FY 2024). Revenue: CN¥1.79b (up 16% from FY 2024). Net income: CN¥195.7m (up 24% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Jan 30
Sichuan Zigong Conveying Machine Group Co., Ltd. announced that it expects to receive CNY 787.6768 million in funding Sichuan Zigong Conveying Machine Group Co., Ltd announced a private placement to issue 70,464,300 A Shares for aggregate gross proceeds of CNY 787.6768 on January 28, 2026. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance closing date. The transaction will include participation from no more than 35 Investors. The transaction has been approved in the 33rd Meeting of the Company’s 5th Directorate held on January 28, 2026, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. New Risk • Jan 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.99, the stock trades at a trailing P/E ratio of 44.4x. Average trailing P/E is 57x in the Machinery industry in China. Total returns to shareholders of 226% over the past three years. Announcement • Dec 31
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.29 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.29 (up from CN¥0.11 in 3Q 2024). Revenue: CN¥352.1m (up 28% from 3Q 2024). Net income: CN¥33.9m (up 46% from 3Q 2024). Profit margin: 9.6% (up from 8.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Jul 02
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to CN¥21.39, the stock trades at a trailing P/E ratio of 21.1x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 47% over the past three years. Declared Dividend • May 12
Dividend of CN¥0.25 announced Dividend of CN¥0.25 is the same as last year. Ex-date: 16th May 2025 Payment date: 16th May 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (24% 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 36% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥29.10, the stock trades at a trailing P/E ratio of 30.1x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 99% over the past three years. Announcement • Apr 09
Sichuan Zigong Conveying Machine Group Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Sichuan Zigong Conveying Machine Group Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.50000000 for the year 2024. Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: CN¥0.98 (vs CN¥0.64 in FY 2023) Full year 2024 results: EPS: CN¥0.98 (up from CN¥0.64 in FY 2023). Revenue: CN¥1.54b (up 46% from FY 2023). Net income: CN¥157.3m (up 54% from FY 2023). Profit margin: 10% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 18% per year. Announcement • Apr 08
Sichuan Zigong Conveying Machine Group Co., Ltd., Annual General Meeting, Apr 29, 2025 Sichuan Zigong Conveying Machine Group Co., Ltd., Annual General Meeting, Apr 29, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Zigong, Sichuan 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 7.7% 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 (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Mar 31
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥35.56, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 42x in the Machinery industry in China. Total returns to shareholders of 119% over the past three years. Announcement • Dec 31
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 08, 2025 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 08, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥32.55, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 89% over the past three years. Announcement • Nov 01
Sichuan Zigong Conveying Machine Group Co., Ltd. (SZSE:001288) agreed to acquire 56.50% stake in SHANDONG OU RUI’AN ELECTRIC CO., LTD. from LIBO HEAVY INDUSTRIES SCIENCE & TECHNOLOGY CO., LTD. and Ningbo Miaosen Ruida Investment Management Co., Ltd. for approximately CNY 250 million Sichuan Zigong Conveying Machine Group Co., Ltd. (SZSE:001288) agreed to acquire 56.50% stake in SHANDONG OU RUI’AN ELECTRIC CO., LTD. from LIBO HEAVY INDUSTRIES SCIENCE & TECHNOLOGY CO., LTD. and Ningbo Miaosen Ruida Investment Management Co., Ltd. for approximately CNY 250 million on October 29, 2024. A cash consideration of CNY 254.25 million will be paid by Sichuan Zigong Conveying Machine Group Co., Ltd. As part of consideration, CNY 254.25 million is paid towards common equity of SHANDONG OU RUI’AN ELECTRIC CO., LTD.
As of June 30, 2024, SHANDONG OU RUI’AN ELECTRIC CO., LTD. reported total assets of CNY 453.77 million and total common equity of CNY 207.89 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥275.1m (up 59% from 3Q 2023). Net income: CN¥23.3m (up 13% from 3Q 2023). Profit margin: 8.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 07
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. 4 non-independent directors. Independent Director Hongwei Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Sichuan Zigong Conveying Machine Group Co., Ltd. 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 17% After last week's 17% share price gain to CN¥28.16, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 55% over the past year. Reported Earnings • Aug 29
Second quarter 2024 earnings released Second quarter 2024 results: EPS: CN¥0.19. Net income: CN¥30.4m (up CN¥30.4m from 2Q 2023). Announcement • Jun 29
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.21, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 30x in the Machinery industry in China. Total returns to shareholders of 47% over the past year. Upcoming Dividend • May 03
Upcoming dividend of CN¥0.25 per share Eligible shareholders must have bought the stock before 10 May 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Chinese dividend payers (2.4%). Lower than average of industry peers (1.8%). 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¥12.17, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 26x in the Machinery industry in China. Total loss to shareholders of 23% over the past year. Announcement • Dec 30
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings have declined by 1.0% 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 Risks Earnings have declined by 1.0% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Oct 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Announcement • Sep 30
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Announcement • Jul 01
Sichuan Zigong Conveying Machine Group Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 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. 4 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. Announcement • Jun 01
Sichuan Zigong Conveying Machine Group Co., Ltd. Implements 2021 Final Profit Distribution Plan for A Shares, Payable on 08 June 2022 Sichuan Zigong Conveying Machine Group Co., Ltd. implemented 2021 final profit distribution plan (A shares) of Cash dividend/10 shares (tax included)CNY 1.00000000. Record date is 07 June 2022, Ex-date is 08 June 2022, Payment date is 08 June 2022. Announcement • May 20
Sichuan Zigong Conveying Machine Group Co., Ltd. Approves Cash Dividend for the Year 2021 Sichuan Zigong Conveying Machine Group Co., Ltd. announced that at its Annual General Meeting held on 18 May 2022, approved cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2021. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 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. Announcement • Apr 26
Sichuan Zigong Conveying Machine Group Co., Ltd. Proposes Cash Dividend for 2021 Sichuan Zigong Conveying Machine Group Co., Ltd. proposed Cash dividend/10 shares (tax included): CNY1.00000000 for 2021. 
