Announcement • Jul 01
Xuchang Yuandong Drive Shaft Co.Ltd to Report First Half, 2026 Results on Aug 18, 2026 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report first half, 2026 results on Aug 18, 2026 Board Change • Jun 01
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 Hongyan Chen was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.06 (vs CN¥0.04 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.06 (up from CN¥0.04 in 1Q 2025). Revenue: CN¥402.9m (up 20% from 1Q 2025). Net income: CN¥45.0m (up 59% from 1Q 2025). Profit margin: 11% (up from 8.4% in 1Q 2025). 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 whereas the company’s share price has increased by 16% per year. New Risk • Apr 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 489% Dividend yield: 4.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 143% Cash payout ratio: 489% Earnings have declined by 24% per year over the past 5 years. Announcement • Mar 31
Xuchang Yuandong Drive Shaft Co.Ltd to Report Q1, 2026 Results on Apr 28, 2026 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.16 in FY 2024) Full year 2025 results: EPS: CN¥0.21 (up from CN¥0.16 in FY 2024). Revenue: CN¥1.57b (up 23% from FY 2024). Net income: CN¥156.2m (up 32% from FY 2024). Profit margin: 10.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Xuchang Yuandong Drive Shaft Co.Ltd, Annual General Meeting, May 29, 2026 Xuchang Yuandong Drive Shaft Co.Ltd, Annual General Meeting, May 29, 2026, at 09:00 China Standard Time. Location: The Company's Meeting Room, Xuchang, Henan China Announcement • Dec 31
Xuchang Yuandong Drive Shaft Co.Ltd to Report Fiscal Year 2025 Results on Mar 28, 2026 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.064 (vs CN¥0.052 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.064 (up from CN¥0.052 in 3Q 2024). Revenue: CN¥358.6m (up 17% from 3Q 2024). Net income: CN¥40.7m (up 23% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Xuchang Yuandong Drive Shaft Co.Ltd to Report Q3, 2025 Results on Oct 25, 2025 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 New Risk • Aug 31
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 113% Dividend yield: 1.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 113% Earnings have declined by 30% per year over the past 5 years. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.031 (vs CN¥0.041 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.031 (down from CN¥0.041 in 2Q 2024). Revenue: CN¥381.2m (up 14% from 2Q 2024). Net income: CN¥26.3m (down 5.1% from 2Q 2024). Profit margin: 6.9% (down from 8.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 07
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 50% higher than last year. Ex-date: 9th July 2025 Payment date: 9th July 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but not covered by cash flows (233% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 3.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 18% EPS decline seen over the last 5 years. Announcement • Jul 02
Xuchang Yuandong Drive Shaft Co.Ltd to Report First Half, 2025 Results on Aug 26, 2025 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 22
Xuchang Yuandong Drive Shaft Co. Ltd Approves Cash Dividend for 2024 Xuchang Yuandong Drive Shaft Co. Ltd. at its Annual General Meeting of 2024 held on May 16, 2025, approved profit distribution plan for 2024 as Cash dividend/10 shares (tax included): CNY 1.50000000. New Risk • Apr 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 166% Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 166% Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in FY 2023) Full year 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2023). Revenue: CN¥1.28b (down 2.3% from FY 2023). Net income: CN¥118.3m (up 26% from FY 2023). Profit margin: 9.3% (up from 7.2% in FY 2023). The increase in margin was driven by lower expenses. 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 7% per year, which means it is well ahead of earnings. Announcement • Apr 10
Xuchang Yuandong Drive Shaft Co.Ltd Proposes Final Cash Dividend for the Year 2024 Xuchang Yuandong Drive Shaft Co.Ltd proposed final cash dividend/10 shares (tax included) of CNY1.50000000 for the year 2024. Announcement • Apr 09
Xuchang Yuandong Drive Shaft Co.Ltd, Annual General Meeting, May 16, 2025 Xuchang Yuandong Drive Shaft Co.Ltd, Annual General Meeting, May 16, 2025, at 09:00 China Standard Time. Location: The Company's Meeting Room, Xuchang, Henan China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.20, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 29x in the Auto Components industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Mar 31
Xuchang Yuandong Drive Shaft Co.Ltd to Report Q1, 2025 Results on Apr 30, 2025 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Mar 20
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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.17, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 37x in the Auto Components industry in China. Total returns to shareholders of 56% over the past three years. Announcement • Dec 31
Xuchang Yuandong Drive Shaft Co.Ltd to Report Fiscal Year 2024 Results on Apr 09, 2025 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report fiscal year 2024 results on Apr 09, 2025 New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (9.6% increase in shares outstanding). Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.052 (vs CN¥0.03 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.052 (up from CN¥0.03 in 3Q 2023). Revenue: CN¥306.7m (flat on 3Q 2023). Net income: CN¥33.1m (up 72% from 3Q 2023). Profit margin: 11% (up from 6.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.08, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 29x in the Auto Components industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Sep 30
Xuchang Yuandong Drive Shaft Co.Ltd to Report Q3, 2024 Results on Oct 31, 2024 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥5.95, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 4.6% over the past three years. New Risk • Sep 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% 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: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.039 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.041 (up from CN¥0.039 in 2Q 2023). Revenue: CN¥333.9m (up 1.7% from 2Q 2023). Net income: CN¥27.7m (up 8.1% from 2Q 2023). Profit margin: 8.3% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 05
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has 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 20% to shift the payout ratio to a potentially unsustainable range, which is less than the 23% EPS decline seen over the last 5 years. Announcement • Jul 03
Xuchang Yuandong Drive Shaft Co.Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 09 July 2024 Xuchang Yuandong Drive Shaft Co.Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2023, payable on 09 July 2024. Record date is 08 July 2024. Ex-date is 09 July 2024. Announcement • Jun 29
Xuchang Yuandong Drive Shaft Co.Ltd to Report First Half, 2024 Results on Aug 27, 2024 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (in line with 1Q 2023). Revenue: CN¥315.1m (up 6.3% from 1Q 2023). Net income: CN¥25.4m (up 49% from 1Q 2023). Profit margin: 8.1% (up from 5.8% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.13, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 30x in the Auto Components industry in China. Total loss to shareholders of 16% over the past three years. New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% 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: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Mar 30
Xuchang Yuandong Drive Shaft Co.Ltd to Report Q1, 2024 Results on Apr 30, 2024 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Mar 26
Xuchang Yuandong Drive Shaft Co.Ltd, Annual General Meeting, May 17, 2024 Xuchang Yuandong Drive Shaft Co.Ltd, Annual General Meeting, May 17, 2024, at 09:00 China Standard Time. Location: The Company's Meeting Room, Xuchang, Henan China Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in FY 2022) Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.12 in FY 2022). Revenue: CN¥1.31b (up 22% from FY 2022). Net income: CN¥94.1m (up 29% from FY 2022). Profit margin: 7.2% (up from 6.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. 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¥4.46, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 26x in the Auto Components industry in China. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.43, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 31x in the Auto Components industry in China. Total loss to shareholders of 2.3% over the past three years. Announcement • Dec 30
Xuchang Yuandong Drive Shaft Co.Ltd to Report Fiscal Year 2023 Results on Mar 26, 2024 Xuchang Yuandong Drive Shaft Co.Ltd announced that they will report fiscal year 2023 results on Mar 26, 2024 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥7.48, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 38x in the Auto Components industry in China. Total returns to shareholders of 13% over the past three years. New Risk • Nov 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 109x cash flows per share). Large one-off items impacting financial results. Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.03 (in line with 3Q 2022). Revenue: CN¥304.9m (up 20% from 3Q 2022). Net income: CN¥19.3m (up 2.7% from 3Q 2022). Profit margin: 6.3% (down from 7.4% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.35, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 35x in the Auto Components industry in China. Total loss to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥6.97, the stock trades at a trailing P/E ratio of 52.5x. Average trailing P/E is 36x in the Auto Components industry in China. Total returns to shareholders of 8.7% over the past three years. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.01 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.039 (up from CN¥0.01 in 2Q 2022). Revenue: CN¥328.4m (up 31% from 2Q 2022). Net income: CN¥25.6m (up 282% from 2Q 2022). Profit margin: 7.8% (up from 2.7% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥5.97, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 35x in the Auto Components industry in China. Total returns to shareholders of 9.5% over the past three years. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.38 in FY 2021) Full year 2022 results: EPS: CN¥0.12 (down from CN¥0.38 in FY 2021). Revenue: CN¥1.07b (down 46% from FY 2021). Net income: CN¥72.8m (down 69% from FY 2021). Profit margin: 6.8% (down from 12% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.078 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.078 in 3Q 2021). Revenue: CN¥253.4m (down 33% from 3Q 2021). Net income: CN¥18.8m (down 60% from 3Q 2021). Profit margin: 7.4% (down from 12% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.01 (down from CN¥0.11 in 2Q 2021). Revenue: CN¥249.9m (down 60% from 2Q 2021). Net income: CN¥6.71m (down 90% from 2Q 2021). Profit margin: 2.7% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.18, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 54x in the Auto Components industry in China. Total returns to shareholders of 27% over the past three years. Announcement • Jul 07
Xuchang Yuandong Drive Shaft Co.Ltd Announces Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 14 July 2022 Xuchang Yuandong Drive Shaft Co.Ltd announced Cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares for 2021. Record date: 13 July 2022; Ex-date: 14 July 2022; Payment date: 14 July 2022. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥5.57, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 39x in the Auto Components industry in China. Total loss to shareholders of 3.5% over the past three years. Announcement • Apr 27
Xuchang Yuandong Drive Shaft Co.Ltd Proposes Profit Distribution for 2021 Xuchang Yuandong Drive Shaft Co.Ltd announced profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 0.80000000. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Jian Qi was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.14 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥380.5m (down 32% from 3Q 2020). Net income: CN¥46.7m (down 44% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). The decrease in margin was driven by lower 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. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.21 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥616.7m (down 9.8% from 2Q 2020). Net income: CN¥68.5m (down 42% from 2Q 2020). Profit margin: 11% (down from 17% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Announcement • May 29
Xuchang Yuandong Drive Shaft Co., Ltd. Approves Cash Dividend for the Year 2020 Xuchang Yuandong Drive Shaft Co., Ltd. at its AGM held on May 25, 2021 approved cash dividend of CNY 2.50000000 per 10 shares (tax included) for 2020. Announcement • Apr 29
Xuchang Yuandong Drive Shaft Co., Ltd. Announces Final Profit Distribution Proposal for 2020 Xuchang Yuandong Drive Shaft Co., Ltd. announced final profit distribution proposal of CNY 2.50000000 per 10 shares (tax included) for 2020. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.56 (vs CN¥0.49 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.17b (up 23% from FY 2019). Net income: CN¥324.5m (up 19% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS CN¥0.57 (vs CN¥0.49 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.17b (up 24% from FY 2019). Net income: CN¥327.0m (up 20% from FY 2019). Profit margin: 15% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥5.96 The company is down 22% from its price of CN¥7.67 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥6.19 The company is down 11% from its price of CN¥6.99 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥6.55 The company is down 5.0% from its price of CN¥6.90 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 4.0% 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¥330.5m, up 18% from the prior year. Total revenue was CN¥2.02b over the last 12 months, up 15% from the prior year. Announcement • Oct 20
Xuchang Yuandong Drive Shaft Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Xuchang Yuandong Drive Shaft Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Announcement • Aug 02
Xuchang Yuandong Drive Shaft Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Xuchang Yuandong Drive Shaft Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020 
