Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.17 (vs CN¥0.25 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.17 (down from CN¥0.25 in 1Q 2025). Revenue: CN¥9.50b (down 6.3% from 1Q 2025). Net income: CN¥454.7m (down 31% from 1Q 2025). Profit margin: 4.8% (down from 6.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Construction 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 fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Sinoma International Engineering Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Sinoma International Engineering Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Mar 25
Sinoma International Engineering Co.,Ltd, Annual General Meeting, Apr 15, 2026 Sinoma International Engineering Co.,Ltd, Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Location: No. 16, Wangjing North Road, Chaoyang District, Beijing China Announcement • Dec 26
Sinoma International Engineering Co.,Ltd to Report Fiscal Year 2025 Results on Mar 26, 2026 Sinoma International Engineering Co.,Ltd announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.25 (down from CN¥0.26 in 3Q 2024). Revenue: CN¥11.3b (up 4.5% from 3Q 2024). Net income: CN¥652.8m (down 1.2% from 3Q 2024). Profit margin: 5.8% (down from 6.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Construction 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 4% per year. Announcement • Sep 30
Sinoma International Engineering Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Sinoma International Engineering Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.29 (vs CN¥0.28 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.29. Revenue: CN¥11.5b (up 8.7% from 2Q 2024). Net income: CN¥757.9m (flat on 2Q 2024). Profit margin: 6.6% (down from 7.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Construction industry in China. Announcement • Jun 30
Sinoma International Engineering Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Sinoma International Engineering Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • Jun 07
Dividend increased to CN¥0.45 Dividend of CN¥0.45 is 13% higher than last year. Ex-date: 12th June 2025 Payment date: 12th June 2025 Dividend yield will be 4.9%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 29
Price target decreased by 8.3% to CN¥12.34 Down from CN¥13.46, the current price target is an average from 4 analysts. New target price is 35% above last closing price of CN¥9.13. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥1.20 for next year compared to CN¥1.14 last year. Announcement • Mar 28
Sinoma International Engineering Co.,Ltd to Report Q1, 2025 Results on Apr 24, 2025 Sinoma International Engineering Co.,Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Reported Earnings • Mar 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.14 (up from CN¥1.12 in FY 2023). Revenue: CN¥46.1b (flat on FY 2023). Net income: CN¥2.98b (up 2.3% from FY 2023). Profit margin: 6.5% (up from 6.4% in FY 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 7.2%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 26
Sinoma International Engineering Co.,Ltd, Annual General Meeting, Apr 15, 2025 Sinoma International Engineering Co.,Ltd, Annual General Meeting, Apr 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Dec 27
Sinoma International Engineering Co.,Ltd to Report Fiscal Year 2024 Results on Mar 26, 2025 Sinoma International Engineering Co.,Ltd announced that they will report fiscal year 2024 results on Mar 26, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥10.8b (down 1.1% from 3Q 2023). Net income: CN¥660.6m (up 4.2% from 3Q 2023). Profit margin: 6.1% (up from 5.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Sinoma International Engineering Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Sinoma International Engineering Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.70, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 2.0% over the past three years. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28. Revenue: CN¥10.6b (flat on 2Q 2023). Net income: CN¥762.8m (up 1.6% from 2Q 2023). Profit margin: 7.2% (up from 7.1% in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Construction industry in China. Announcement • Jun 28
Sinoma International Engineering Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Sinoma International Engineering Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 01
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 5th June 2024 Payment date: 5th June 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.23 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.23 in 1Q 2023). Revenue: CN¥10.3b (up 2.7% from 1Q 2023). Net income: CN¥636.4m (up 3.1% from 1Q 2023). Profit margin: 6.2% (in line with 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Announcement • Mar 29
Sinoma International Engineering Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Sinoma International Engineering Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Mar 27
Sinoma International Engineering Co.,Ltd, Annual General Meeting, Apr 17, 2024 Sinoma International Engineering Co.,Ltd, Annual General Meeting, Apr 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Mar 27
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥1.12 (up from CN¥0.98 in FY 2022). Revenue: CN¥45.8b (up 18% from FY 2022). Net income: CN¥2.92b (up 33% from FY 2022). Profit margin: 6.4% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Dec 30
Sinoma International Engineering Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Sinoma International Engineering Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Price Target Changed • Oct 31
Price target decreased by 8.7% to CN¥14.74 Down from CN¥16.14, the current price target is an average from 6 analysts. New target price is 49% above last closing price of CN¥9.88. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥0.98 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.23 in 3Q 2022). Revenue: CN¥11.0b (up 35% from 3Q 2022). Net income: CN¥633.7m (up 23% from 3Q 2022). Profit margin: 5.8% (down from 6.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. New Risk • Oct 23
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 6.0% 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 (6.0% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Buying Opportunity • Oct 10
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥13.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.2%. Revenue is forecast to grow by 42% in 2 years. Earnings is forecast to grow by 52% in the next 2 years. Buying Opportunity • Sep 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be CN¥14.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.2%. Revenue is forecast to grow by 42% in 2 years. Earnings is forecast to grow by 52% in the next 2 years. New Risk • Aug 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.25 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.25 in 2Q 2022). Revenue: CN¥10.5b (up 8.0% from 2Q 2022). Net income: CN¥750.7m (up 32% from 2Q 2022). Profit margin: 7.1% (up from 5.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.2% 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 (371% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥10.97, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.30 per share. Price Target Changed • Mar 28
Price target increased by 13% to CN¥13.40 Up from CN¥11.89, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥11.27. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥1.04 for next year compared to CN¥0.98 last year. Reported Earnings • Mar 22
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.98 (up from CN¥0.82 in FY 2021). Revenue: CN¥38.8b (up 7.1% from FY 2021). Net income: CN¥2.19b (up 21% from FY 2021). Profit margin: 5.7% (up from 5.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 15
Sinoma International Engineering Co.Ltd (SHSE:600970) completed the acquisition of Hefei Cement Research & Design Institute Corporation Ltd from China Construction Material Scientific Research General Institute. Sinoma International Engineering Co.Ltd (SHSE:600970) entered into the Asset Purchase Agreement to acquire Hefei Cement Research & Design Institute Corporation Ltd from China Construction Material Scientific Research General Institute for CNY 36.5 million on August 26, 2022. Consideration will be satisficed by issuing shares and cash. Hefei Institution generated the net asset value of 782.521million for March 31, 2022. Transaction is subject to Board and shareholders approval of Sinoma International Engineering and China Securities Regulatory Commission approval and shareholders of China National Building Material Company. As on September 23, 2022, Sinoma International's board has approved the transaction. On October 21, 2022, the transaction has been reviewed and approved at the 18th meeting (interim) and the 20th meeting (interim) of the seventh board of directors of Sinoma International Engineering Co.Ltd. On November 7, 2022, the general meeting of shareholders was held and passed the Proposal on the Company's Compliance with the Conditions of Issuing Shares and Paying Cash to Purchase Assets and Private Placement for Raising Supporting Funds. The China Securities Regulatory Commission has conditionally approved the deal on January 12, 2023. Huatai United Securities Co., Ltd. represented as Financial advisor, Jia Yuan Law Office represented as Legal advisor and Da Hua Certified Public Accountants represented as accountant for Sinoma International Engineering. Sinoma International has received the Approval for the Issuance of Shares to China Building Materials for the Acquisition and all the conditions have been fulfilled for the transaction.
Sinoma International Engineering Co.Ltd (SHSE:600970) completed the acquisition of Hefei Cement Research & Design Institute Corporation Ltd from China Construction Material Scientific Research General Institute on February 15, 2023. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Director Zhi Yun Xia is the most experienced director on the board, commencing their role in 2014. Independent Director Dian Jiao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23. Revenue: CN¥8.15b (down 38% from 3Q 2021). Net income: CN¥513.6m (down 29% from 3Q 2021). Profit margin: 6.3% (up from 5.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in China. Board Change • Aug 29
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Director Zhi Yun Xia is the most experienced director on the board, commencing their role in 2014. Independent Director Dian Jiao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 27
Sinoma International Engineering Co.Ltd announced that it expects to receive CNY 3 billion in funding Sinoma International Engineering Co.Ltd announced that it will issue shares for gross proceeds of CNY 3,000,000,000 on August 26, 2022. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.23 in 2Q 2021). Revenue: CN¥9.75b (up 50% from 2Q 2021). Net income: CN¥571.1m (up 43% from 2Q 2021). Profit margin: 5.9% (down from 6.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.7%, compared to a 20% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target decreased to CN¥11.35 Down from CN¥13.50, the current price target is an average from 3 analysts. New target price is 48% above last closing price of CN¥7.67. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of CN¥0.93 for next year compared to CN¥0.82 last year. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Xiaoyan Zhang is the most experienced director on the board, commencing their role in 2018. Independent Director Dian Jiao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Price Target Changed • Mar 24
Price target decreased to CN¥11.35 Down from CN¥13.50, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥9.41. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of CN¥1.00 for next year compared to CN¥0.82 last year. Announcement • Jan 28
Sinoma International Engineering Co.Ltd Provides Earnings Guidance for the Year Ended December 31, 2021 Sinoma International Engineering Co.Ltd provided earnings guidance for the year ended December 31, 2021. According to the preliminary estimation made by the finance department of Sinoma International, as compared with the same period of last year (statutory disclosure of data), the net profit attributable to shareholders of the listed company for the year 2021 is expected to record an increase between RMB 566.68 million and RMB 793.35 million, representing a year-on-year increase between 50% and 70%. As compared with the same period of last year (statutory disclosure of data), the net profit attributable to shareholders of the listed company after deducting non-recurring gain and loss for the year 2021 is expected to record an increase between RMB 342.65 million and RMB 513.97 million, representing a year-on-year increase between 40% and 60%. The net profit attributable to shareholders of the listed company for the year 2021 is expected to record an increase between RMB 178.72 million and RMB 405.39 million as compared with the same period of last year, representing a year-on-year increase between 12% and 27%; the net profit attributable to shareholders of the listed company after deducting non-recurring gain and loss for the year 2021 is expected to record an increase between RMB 342.65 million and RMB 513.97 million as compared with the same period of last year, representing a year-on-year increase between 40% and 60%. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.27 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥13.1b (up 105% from 3Q 2020). Net income: CN¥723.5m (up 53% from 3Q 2020). Profit margin: 5.5% (down from 7.4% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 22% 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 23% share price gain to CN¥12.63, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.96 per share. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.22 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥6.49b (up 19% from 2Q 2020). Net income: CN¥399.0m (up 3.4% from 2Q 2020). Profit margin: 6.2% (down from 7.1% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Construction industry in China. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.05 per share. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.10 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥5.41b (up 41% from 1Q 2020). Net income: CN¥301.9m (up 81% from 1Q 2020). Profit margin: 5.6% (up from 4.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Mar 21
Full year 2020 earnings released: EPS CN¥0.65 (vs CN¥0.92 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥22.5b (down 7.7% from FY 2019). Net income: CN¥1.13b (down 29% from FY 2019). Profit margin: 5.0% (down from 6.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. Price Target Changed • Mar 17
Price target increased to CN¥9.70 Up from CN¥7.86, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥9.77. Stock is up 69% over the past year. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.66, the stock is trading at a trailing P/E ratio of 10.2x, down from the previous P/E ratio of 12x. This compares to an average P/E of 19x in the Construction industry in China. Total return to shareholders over the past three years is a loss of 1.7%. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.01, the stock is trading at a trailing P/E ratio of 11.8x, up from the previous P/E ratio of 10.2x. This compares to an average P/E of 18x in the Construction industry in China. Total returns to shareholders over the past three years are 12%. Is New 90 Day High Low • Feb 20
New 90-day high: CN¥9.48 The company is up 38% from its price of CN¥6.85 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.58 per share. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.08, the stock is trading at a trailing P/E ratio of 10.7x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 17x in the Construction industry in China. Total return to shareholders over the past three years is a loss of 10%. Announcement • Jan 22
Sinoma International Engineering Co.Ltd to Report Fiscal Year 2020 Results on Mar 20, 2021 Sinoma International Engineering Co.Ltd announced that they will report fiscal year 2020 results on Mar 20, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: CN¥7.69 The company is up 23% from its price of CN¥6.25 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.77 per share. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.27 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥6.39b (up 15% from 3Q 2019). Net income: CN¥474.2m (up 18% from 3Q 2019). Profit margin: 7.4% (up from 7.2% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 10
New 90-day high: CN¥7.05 The company is up 20% from its price of CN¥5.88 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.74 per share. Is New 90 Day High Low • Sep 18
New 90-day high: CN¥6.86 The company is up 25% from its price of CN¥5.49 on 19 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.80 per share. Announcement • Jul 08
Sinoma International Engineering Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020 Sinoma International Engineering Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020