Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥10.59, the stock trades at a trailing P/E ratio of 56.5x. Average trailing P/E is 45x in the Machinery industry in China. Total returns to shareholders of 19% over the past three years. New Risk • Jul 13
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 9.3% 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 Risk Earnings have declined by 13% 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 (9.3% average weekly change). Announcement • Jul 01
Jiangsu Yawei Machine Tool Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥13.00, the stock trades at a trailing P/E ratio of 69.4x. Average trailing P/E is 50x in the Machinery industry in China. Total returns to shareholders of 54% over the past three years. Buy Or Sell Opportunity • Jun 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to CN¥12.31. The fair value is estimated to be CN¥10.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 38%. Board Change • Jun 01
High number of new directors Independent Director Jingsong Wu was the last director to join the board, commencing their role in 2026. Declared Dividend • May 18
Dividend of CN¥0.075 announced Shareholders will receive a dividend of CN¥0.075. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 56% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.3% EPS decline seen over the last 5 years. Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in FY 2024) Full year 2025 results: EPS: CN¥0.19 (up from CN¥0.14 in FY 2024). Revenue: CN¥2.28b (up 11% from FY 2024). Net income: CN¥105.6m (up 41% from FY 2024). Profit margin: 4.6% (up from 3.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, May 12, 2026 Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, May 12, 2026, at 15:30 China Standard Time. Location: The Company's Meeting Room, Yangzhou, Jiangsu China Announcement • Mar 31
Jiangsu Yawei Machine Tool Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Jiangsu Yawei Machine Tool Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Board Change • Dec 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Pei Huang Lou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.058 (vs CN¥0.065 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.058 (down from CN¥0.065 in 3Q 2024). Revenue: CN¥561.0m (up 21% from 3Q 2024). Net income: CN¥31.4m (down 12% from 3Q 2024). Profit margin: 5.6% (down from 7.7% in 3Q 2024). Revenue is forecast to grow 18% 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 increased by 30% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jiangsu Yawei Machine Tool Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 24
Jiangsu Yawei Machine Tool Co., Ltd. announced that it expects to receive CNY 719.030855 million in funding from Yangzhou Industrial Investment Development Group Co., Ltd Jiangsu Yawei Machine Tool Co., Ltd. announces a private placement with Yangzhou Industrial Investment Development Group Co., Ltd to issue not more than 99,726,887 shares at a price of CNY 7.21 per share for gross proceeds of CNY 719,030,855 on September 24, 2025. On June 20, 2025, Jiangsu Provincial Government State-owned Assets Supervision and Administration Commission issued “Approval of Yangzhou Industrial Investment Development Group Co., Ltd. Subscribing to Jiangsu Yawei Machine Tool Co., Ltd.’s Shares,” agreeing in principle to the private placement. The adjustments were approved in the 21st Meeting of the Company’s 6th Directorate and Yangzhou Industrial Investment Development Group Co., Ltd.’s 18th Directorate Meeting of 2025 held on September 23, 2025. Announcement • Jul 02
Jiangsu Yawei Machine Tool Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • May 28
Dividend reduced to CN¥0.075 Dividend of CN¥0.075 is 25% lower than last year. Ex-date: 30th May 2025 Payment date: 30th 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 (59% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 40% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • May 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 8.6% 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 Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 03
Third quarter 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.059 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.065 (up from CN¥0.059 in 3Q 2023). Revenue: CN¥462.1m (down 8.8% from 3Q 2023). Net income: CN¥35.8m (up 10% from 3Q 2023). Profit margin: 7.7% (up from 6.4% in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Apr 28
Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, May 20, 2025 Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, May 20, 2025, at 15:30 China Standard Time. Location: The Company's Meeting Room, Yangzhou, Jiangsu China Announcement • Mar 31
Jiangsu Yawei Machine Tool Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Mar 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 7.8% 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 (7.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥13.12, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 23x in the Machinery industry in China. Total returns to shareholders of 97% over the past three years. Announcement • Jan 22
Jiangsu Yawei Machine Tool Co., Ltd. announced that it expects to receive CNY 933.551339 million in funding from Yangzhou Industrial Investment Development Group Co., Ltd Jiangsu Yawei Machine Tool Co., Ltd. announced a private placement to issue 128,235,074 A shares at an issue price of CNY 7.28 per share for the gross proceeds of CNY 933,551,338.72 on January 20, 2024. The transaction will include participation from new investor Yangzhou Industrial Investment Development Group Co., Ltd. The transaction has been approved by shareholders of sixth Board of Directors and the thirteenth meeting of the sixth Board of Supervisors, Yangzhou Industrial Investment Development Group Co., Ltd. held its first Board of Directors meeting of 2025 and is subject to shareholders meeting Shenzhen Stock Exchange and obtaining the registration approval from the China Securities Regulatory Commission. After obtaining all the above approvals, the company will apply to the Shenzhen Stock Exchange and the Shenzhen branch of the China Securities Depository and Clearing Corporation Limited for handling the stock issuance, registration, and listing matters. The shares subscribed by the specific investors in this issuance shall not be transferred within 18 months from the date of the completion of the issuance. Announcement • Dec 31
Jiangsu Yawei Machine Tool Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.34, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.065 (vs CN¥0.059 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.065 (up from CN¥0.059 in 3Q 2023). Revenue: CN¥462.1m (down 8.8% from 3Q 2023). Net income: CN¥35.8m (up 10% from 3Q 2023). Profit margin: 7.7% (up from 6.4% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Sep 30
Jiangsu Yawei Machine Tool Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥8.45, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Sep 28
Jiangsu Yawei Machine Tool Co., Ltd. (SZSE:002559) announces an Equity Buyback for CNY 70 million worth of its shares. Jiangsu Yawei Machine Tool Co., Ltd. (SZSE:002559) announces a share repurchase program. Under the program, the company will repurchase up to CNY 70 million worth of its shares. The shares will be purchased at a price not exceeding CNY 8.5 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's management and core team, and promote the company's healthy and long-term development. The repurchased shares will be used for employee stock ownership plan or equity incentive, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 6 months. The company has 549,765,024 shares issued and outstanding. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.044 (vs CN¥0.033 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.044 (up from CN¥0.033 in 2Q 2023). Revenue: CN¥471.0m (down 6.0% from 2Q 2023). Net income: CN¥24.5m (up 34% from 2Q 2023). Profit margin: 5.2% (up from 3.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Jiangsu Yawei Machine Tool Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • May 15
Jiangsu Yawei Machine Tool Co., Ltd. Implements Final Cash Dividend on A Shares for 2023, Payable on 21 May 2024 Jiangsu Yawei Machine Tool Co., Ltd. implemented final cash dividend of A shares of CNY 1.0000000 per 10 shares (tax included) for 2023. Record date: 20 May 2024. Ex-date: 21 May 2024. Payment date: 21 May 2024. Reported Earnings • Apr 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.18 (up from CN¥0.014 in FY 2022). Revenue: CN¥1.93b (up 5.4% from FY 2022). Net income: CN¥98.9m (up CN¥91.4m from FY 2022). Profit margin: 5.1% (up from 0.4% in FY 2022). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 20% 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 fallen by 55% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Apr 13
Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, May 08, 2024 Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, May 08, 2024, at 15:30 China Standard Time. Announcement • Mar 30
Jiangsu Yawei Machine Tool Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Feb 06
Now 22% overvalued Over the last 90 days, the stock has fallen 14% to CN¥7.25. The fair value is estimated to be CN¥5.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 58%. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 10,613% in the next 2 years. Announcement • Dec 30
Jiangsu Yawei Machine Tool Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 21
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 8.3% 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 Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 44x earnings per share. Cash payout ratio: 126% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.062 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.059 (down from CN¥0.062 in 3Q 2022). Revenue: CN¥506.8m (up 7.4% from 3Q 2022). Net income: CN¥32.4m (down 4.3% from 3Q 2022). Profit margin: 6.4% (down from 7.2% in 3Q 2022). Revenue is forecast to grow 18% 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 fallen by 58% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.056 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.056 in 2Q 2022). Revenue: CN¥501.2m (down 5.8% from 2Q 2022). Net income: CN¥18.2m (down 41% from 2Q 2022). Profit margin: 3.6% (down from 5.8% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jul 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Cash payout ratio: 156% Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • May 31
Jiangsu Yawei Machine Tool Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 06 June 2023 Jiangsu Yawei Machine Tool Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.50000000 for the year 2022, payable on 06 June 2023. Record date is 05 June 2023. Ex-date is 06 June 2023. Announcement • May 18
Jiangsu Yawei Machine Tool Co., Ltd. Approves Cash Dividend for the Year 2022 Jiangsu Yawei Machine Tool Co., Ltd. announced that at its Annual General Meeting held on 16 May 2023, approved cash dividend/10 shares (tax included) of CNY 1.50000000 for the year 2022. Reported Earnings • Apr 25
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.014 (down from CN¥0.24 in FY 2021). Revenue: CN¥1.83b (down 8.5% from FY 2021). Net income: CN¥7.49m (down 94% from FY 2021). Profit margin: 0.4% (down from 6.5% in FY 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 95%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥9.38, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 68% over the past three years. Board Change • Nov 16
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. 6 non-independent directors. Independent Director Xin Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.062 (vs CN¥0.074 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.062 (down from CN¥0.074 in 3Q 2021). Revenue: CN¥471.9m (down 3.4% from 3Q 2021). Net income: CN¥33.8m (down 18% from 3Q 2021). Profit margin: 7.2% (down from 8.4% in 3Q 2021). Revenue is forecast to grow 15% 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 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥7.69, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 48% over the past three years. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.056 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.056 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥532.2m (down 16% from 2Q 2021). Net income: CN¥30.8m (down 50% from 2Q 2021). Profit margin: 5.8% (down from 9.8% in 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 36% growth forecast for the Machinery 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 13% per year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥7.95, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Machinery industry in China. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • May 04
Upcoming dividend of CN¥0.15 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Within top quartile of Chinese dividend payers (2.2%). Higher than average of industry peers (1.8%). Announcement • Apr 27
Jiangsu Yawei Machine Tool Co., Ltd. Approves Cash Dividend Jiangsu Yawei Machine Tool Co., Ltd. announced that at the Annual General Meeting held on 22 April 2022, approved cash dividend (tax included) of CNY 1.50000000 per ten shares. Board Change • Apr 27
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. 6 non-independent directors. Independent Director Xin Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, Apr 22, 2022 Jiangsu Yawei Machine Tool Co., Ltd., Annual General Meeting, Apr 22, 2022, at 10:00 China Standard Time. Agenda: To discuss 2021 work report of the board of directors; to discuss 2021 work report of the supervisory committee; to discuss 2021 annual report and its summary; to discuss 2021 annual accounts; to discuss 2021 profit distribution plan; to discuss 2022 application for comprehensive credit line to banks; to discuss Reappointment of audit firm; to discuss Cash management with proprietary funds by the Company and its subsidiary; and to discuss 2022 estimated additional continuing connected transactions. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.24 (down from CN¥0.24 in FY 2020). Revenue: CN¥2.00b (up 22% from FY 2020). Net income: CN¥129.7m (down 4.4% from FY 2020). Profit margin: 6.5% (down from 8.3% in FY 2020). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 30%, compared to a 30% growth forecast for the 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 only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
Jiangsu Yawei Machine Tool Co., Ltd. Announces Final Dividend for the Year 2021 Jiangsu Yawei Machine Tool Co., Ltd. announced a final dividend of CNY 1.5 per 10 shares for the year 2021. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.98, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 128% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.074 (vs CN¥0.073 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¥488.5m (up 8.6% from 3Q 2020). Net income: CN¥41.2m (up 3.5% from 3Q 2020). Profit margin: 8.4% (down from 8.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 10
Jiangsu Yawei Machine Tool Co., Ltd. announced that it expects to receive CNY 792.773566 million in funding from CRRC Zhuzhou Investment Holding Co., Ltd Jiangsu Yawei Machine Tool Co., Ltd. (SZSE:002559) announced that it has signed share subscription agreement for a private placement of 111,344,602 shares at an issue price of CNY 7.12 per share for gross proceeds of CNY 792,773,600 on September 8, 2021. The transaction will include participation from CRRC Zhuzhou Investment Holding Co., Ltd. All securities issued in the transaction have a hold period of 18 months. The transaction has been approved in the 20th meeting of the company’s 5th directorate and the 8th meeting of the 4th supervisory board and is subject to the approvals of the company’s shareholders, investor's superior authority, the SASAC, and the state market supervision and administration department’s and the China Securities Regulatory Commission. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.087 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥634.0m (up 34% from 2Q 2020). Net income: CN¥61.9m (up 34% from 2Q 2020). Profit margin: 9.8% (in line with 2Q 2020). 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 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥9.38, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 24x in the Machinery industry in China. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥8.25, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 81% over the past three years. Announcement • May 29
Jiangsu Yawei Machine Tool Co., Ltd. Announces 2020 Final Distribution Plan to Be Implemented (A Shares), Payable on 03 June 2021 Jiangsu Yawei Machine Tool Co., Ltd. announced 2020 final distribution plan to be implemented (A shares) of CNY 1.50000000 per 10 shares (tax included). Record date is 02 June 2021. Ex-date is 03 June 2021 and Payment date is 03 June 2021. Announcement • May 22
Jiangsu Yawei Machine Tool Co., Ltd. Approves Cash Dividend for 2020 Jiangsu Yawei Machine Tool Co., Ltd. approved cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2020, at its AGM held on 20 May 2021. Announcement • Apr 29
Jiangsu Yawei Machine Tool Co., Ltd. Proposes Final Cash Dividend for the Year 2020 Jiangsu Yawei Machine Tool Co., Ltd. proposed final cash dividend/10 shares (tax included): CNY 1.50000000 for the year 2020. Reported Earnings • Apr 27
First quarter 2021 earnings released: EPS CN¥0.064 (vs CN¥0.033 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥394.8m (up 44% from 1Q 2020). Net income: CN¥35.3m (up 95% from 1Q 2020). Profit margin: 8.9% (up from 6.6% 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 6% per year whereas the company’s share price has increased by 1% per year. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥5.67 The company is up 3.0% from a price of CN¥5.49 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Exceeded the Machinery industry, which is down 1.0% over the same period. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.25 (vs CN¥0.18 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.64b (up 12% from FY 2019). Net income: CN¥134.0m (up 38% from FY 2019). Profit margin: 8.2% (up from 6.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has remained flat. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥5.13 The company is down 11% from its price of CN¥5.75 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¥5.28 The company is down 11% from its price of CN¥5.92 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¥106.6m, down 10% from the prior year. Total revenue was CN¥1.54b over the last 12 months, up 1.1% from the prior year. Announcement • Oct 20
Jiangsu Yawei Machine Tool Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥5.47 The company is down 8.0% from its price of CN¥5.94 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 15% over the same period. Announcement • Aug 04
Jiangsu Yawei Machine Tool Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Jiangsu Yawei Machine Tool Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
