Declared Dividend • Jun 10
Dividend of CN¥0.12 announced Dividend of CN¥0.12 is the same as last year. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 42% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.5% EPS decline seen over the last 5 years. New Risk • May 21
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 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.10 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.08 (down from CN¥0.10 in 1Q 2025). Revenue: CN¥721.8m (down 19% from 1Q 2025). Net income: CN¥30.8m (down 19% from 1Q 2025). Profit margin: 4.3% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 82% per year, which means it is well ahead of earnings. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 4.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Apr 28
Zhejiang XCC Group Co.,Ltd, Annual General Meeting, May 18, 2026 Zhejiang XCC Group Co.,Ltd, Annual General Meeting, May 18, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 30
Zhejiang XCC Group Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Zhejiang XCC Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Zhejiang XCC Group Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Zhejiang XCC Group Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Dec 09
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 Chinese stocks, typically moving 9.1% 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 (9.1% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.061 (vs CN¥0.068 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.061. Revenue: CN¥766.6m (up 6.3% from 3Q 2024). Net income: CN¥23.2m (flat on 3Q 2024). Profit margin: 3.0% (down from 3.2% in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Announcement • Sep 30
Zhejiang XCC Group Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Zhejiang XCC Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). New Risk • Sep 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Announcement • Jun 30
Zhejiang XCC Group Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Zhejiang XCC Group Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 11
Dividend reduced to CN¥0.12 Dividend of CN¥0.12 is 33% lower than last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (235% cash payout ratio). The dividend has increased over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • May 14
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: 2.7% Last year net profit margin: 4.4% 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: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Announcement • Apr 29
Zhejiang XCC Group Co.,Ltd, Annual General Meeting, May 20, 2025 Zhejiang XCC Group Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Announcement • Mar 28
Zhejiang XCC Group Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Zhejiang XCC Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Zhejiang XCC Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang XCC Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% 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 (11% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥22.13, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 37% over the past three years. New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥720.9m (down 7.9% from 3Q 2023). Net income: CN¥23.2m (down 42% from 3Q 2023). Profit margin: 3.2% (down from 5.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Sep 30
Zhejiang XCC Group Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Zhejiang XCC Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥15.24, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 13% over the past three years. New Risk • Sep 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 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: 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 (6.6% average weekly change). Buy Or Sell Opportunity • Aug 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to CN¥12.95. The fair value is estimated to be CN¥16.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 47% in a year. Earnings are forecast to grow by 91% in the next year. New Risk • Jul 31
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 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 (7.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Jun 28
Zhejiang XCC Group Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Zhejiang XCC Group Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Buy Or Sell Opportunity • May 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to CN¥16.46. The fair value is estimated to be CN¥13.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 49% in a year. Earnings are forecast to grow by 97% in the next year. Announcement • Apr 29
Zhejiang XCC Group Co.,Ltd, Annual General Meeting, May 21, 2024 Zhejiang XCC Group Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.12 in 1Q 2023). Revenue: CN¥772.8m (down 4.6% from 1Q 2023). Net income: CN¥37.8m (down 5.8% from 1Q 2023). Profit margin: 4.9% (down from 5.0% in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥14.85, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 82% over the past three years. Announcement • Apr 08
Zhejiang XCC Group Co.,Ltd (SHSE:603667) acquired an unknown majority stake in WJB Automotive LLC. Zhejiang XCC Group Co.,Ltd (SHSE:603667) acquired an unknown majority stake in WJB Automotive LLC on April 6, 2024.Zhejiang XCC Group Co.,Ltd (SHSE:603667) completed the acquisition of an unknown majority stake in WJB Automotive LLC on April 6, 2024. Announcement • Mar 29
Zhejiang XCC Group Co.,Ltd to Report Q1, 2024 Results on Apr 29, 2024 Zhejiang XCC Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.87, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Machinery industry in China. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥18.80, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 182% over the past three years. Announcement • Dec 29
Zhejiang XCC Group Co.,Ltd to Report Fiscal Year 2023 Results on Apr 29, 2024 Zhejiang XCC Group Co.,Ltd announced that they will report fiscal year 2023 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥19.43, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 138% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.16 in 3Q 2022). Revenue: CN¥782.6m (flat on 3Q 2022). Net income: CN¥39.7m (down 21% from 3Q 2022). Profit margin: 5.1% (down from 6.3% in 3Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 18
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 Chinese stocks, typically moving 8.0% 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 (8.0% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. New Risk • Jul 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 7.0% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Jun 28
Zhejiang XCC Group Co.,Ltd to Report First Half, 2023 Results on Aug 29, 2023 Zhejiang XCC Group Co.,Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.65, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 65% over the past three years. Reported Earnings • Apr 29
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.48 (up from CN¥0.43 in FY 2021). Revenue: CN¥3.20b (up 32% from FY 2021). Net income: CN¥147.8m (up 20% from FY 2021). Profit margin: 4.6% (down from 5.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Zhefeng Qu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥788.8m (up 38% from 3Q 2021). Net income: CN¥49.9m (up 50% from 3Q 2021). Profit margin: 6.3% (up from 5.9% in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥15.84, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥17.33, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥16.85, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.02, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 28x in the Machinery industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CN¥0.43 (vs CN¥0.21 in FY 2020) Full year 2021 results: EPS: CN¥0.43 (up from CN¥0.21 in FY 2020). Revenue: CN¥2.42b (up 38% from FY 2020). Net income: CN¥123.5m (up 99% from FY 2020). Profit margin: 5.1% (up from 3.5% in FY 2020). 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 whereas the company’s share price has increased by 2% per year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Zhefeng Qu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Independent Director Zhefeng Qu was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥13.35, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 31% share price gain to CN¥19.67, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 40x in the Machinery industry in China. Total returns to shareholders of 153% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.06 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥569.7m (up 28% from 3Q 2020). Net income: CN¥33.4m (up 82% from 3Q 2020). Profit margin: 5.9% (up from 4.1% 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 8% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥17.05, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥15.70, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 79% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.058 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥643.5m (up 58% from 2Q 2020). Net income: CN¥50.4m (up 170% from 2Q 2020). Profit margin: 7.8% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥12.92, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.84, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.87, the stock trades at a trailing P/E ratio of 39.1x. Average trailing P/E is 32x in the Machinery industry in China. Total loss to shareholders of 2.8% over the past three years. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.36 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.75b (down 3.5% from FY 2019). Net income: CN¥62.1m (down 39% from FY 2019). Profit margin: 3.5% (down from 5.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥6.56 The company is down 24% from its price of CN¥8.66 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥6.93 The company is down 17% from its price of CN¥8.36 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥7.65 The company is down 6.0% from its price of CN¥8.11 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥64.5m, down 38% from the prior year. Total revenue was CN¥1.65b over the last 12 months, down 7.2% from the prior year. Is New 90 Day High Low • Oct 17
New 90-day high: CN¥9.25 The company is up 11% from its price of CN¥8.33 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period.