Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥83.60, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 205% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.27 per share. 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¥101, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.01 per share. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.24 in 1Q 2025). Revenue: CN¥1.52b (up 13% from 1Q 2025). Net income: CN¥112.4m (up 4.8% from 1Q 2025). Profit margin: 7.4% (down from 8.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥84.77, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.48 per share. Price Target Changed • Apr 07
Price target increased by 11% to CN¥101 Up from CN¥91.33, the current price target is an average from 3 analysts. New target price is 43% above last closing price of CN¥70.77. Stock is up 134% over the past year. The company is forecast to post earnings per share of CN¥1.95 for next year compared to CN¥1.44 last year. Announcement • Mar 30
Hainan Jinpan Smart Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Major Estimate Revision • Mar 27
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥10.7b to CN¥9.02b. EPS estimate fell from CN¥2.20 to CN¥1.97 per share. Net income forecast to grow 37% next year vs 46% growth forecast for Electrical industry in China. Consensus price target up from CN¥82.67 to CN¥91.33. Share price fell 3.5% to CN¥77.57 over the past week. Reported Earnings • Mar 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.44 (up from CN¥1.29 in FY 2024). Revenue: CN¥7.29b (up 5.7% from FY 2024). Net income: CN¥659.5m (up 15% from FY 2024). Profit margin: 9.0% (up from 8.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 20
Hainan Jinpan Smart Technology Co., Ltd., Annual General Meeting, Apr 10, 2026 Hainan Jinpan Smart Technology Co., Ltd., Annual General Meeting, Apr 10, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Haikou, Hainan China Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥83.00, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥153 per share. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥106, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥187 per share. Announcement • Dec 26
Hainan Jinpan Smart Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 21, 2026 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 21, 2026 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥87.29, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 24x in the Electrical industry in China. Total returns to shareholders of 141% over the past three years. Price Target Changed • Oct 30
Price target increased by 9.0% to CN¥77.00 Up from CN¥70.67, the current price target is an average from 3 analysts. New target price is 5.1% above last closing price of CN¥73.26. Stock is up 110% over the past year. The company is forecast to post earnings per share of CN¥1.54 for next year compared to CN¥1.29 last year. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.49 (vs CN¥0.40 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.49 (up from CN¥0.40 in 3Q 2024). Revenue: CN¥2.04b (up 8.4% from 3Q 2024). Net income: CN¥220.7m (up 22% from 3Q 2024). Profit margin: 11% (up from 9.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥69.41, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥125 per share. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Sep 30
Hainan Jinpan Smart Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Price Target Changed • Aug 29
Price target increased by 25% to CN¥52.33 Up from CN¥42.00, the current price target is an average from 3 analysts. New target price is 13% below last closing price of CN¥60.04. Stock is up 91% over the past year. The company is forecast to post earnings per share of CN¥1.54 for next year compared to CN¥1.29 last year. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥54.50, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 41% over the past three years. New Risk • Aug 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥44.29, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 25% over the past three years. Announcement • Jun 30
Hainan Jinpan Smart Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Price Target Changed • Jun 25
Price target decreased by 9.1% to CN¥40.75 Down from CN¥44.83, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥32.94. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥1.69 for next year compared to CN¥1.29 last year. Buy Or Sell Opportunity • Jun 24
Now 22% overvalued Over the last 90 days, the stock has fallen 22% to CN¥32.50. The fair value is estimated to be CN¥26.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 67% in 2 years. Earnings are forecast to grow by 84% in the next 2 years. Buy Or Sell Opportunity • Jun 05
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to CN¥32.81. The fair value is estimated to be CN¥27.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Buy Or Sell Opportunity • May 08
Now 21% overvalued Over the last 90 days, the stock has fallen 9.1% to CN¥33.49. The fair value is estimated to be CN¥27.60, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 67% in 2 years. Earnings are forecast to grow by 91% in the next 2 years. New Risk • Apr 13
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (22% accrual ratio). Revenue is less than US$1m. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 10
Hainan Jinpan Smart Technology Co., Ltd. (SHSE:688676) announces an Equity Buyback for CNY 50 million worth of its shares. Hainan Jinpan Smart Technology Co., Ltd. (SHSE:688676) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The company's repurchase price this time shall not exceed CNY 41.72 per share. The repurchased shares Intended to be used for employee shareholding plan or equity incentive. The program will be valid for 12 months. Price Target Changed • Apr 09
Price target decreased by 7.7% to CN¥44.83 Down from CN¥48.58, the current price target is an average from 4 analysts. New target price is 50% above last closing price of CN¥29.79. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥1.85 for next year compared to CN¥1.29 last year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥29.79, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.76 per share. Reported Earnings • Apr 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.29 (up from CN¥1.18 in FY 2023). Revenue: CN¥6.90b (up 3.5% from FY 2023). Net income: CN¥574.4m (up 14% from FY 2023). Profit margin: 8.3% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Hainan Jinpan Smart Technology Co., Ltd., Annual General Meeting, Apr 25, 2025 Hainan Jinpan Smart Technology Co., Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Haikou, Hainan China Announcement • Mar 28
Hainan Jinpan Smart Technology Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.29 (up from CN¥1.18 in FY 2023). Revenue: CN¥6.91b (up 3.6% from FY 2023). Net income: CN¥575.3m (up 14% from FY 2023). Profit margin: 8.3% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 9.3%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Feb 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 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • Feb 06
Now 20% overvalued Over the last 90 days, the stock has fallen 1.6% to CN¥36.29. The fair value is estimated to be CN¥30.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Announcement • Dec 27
Hainan Jinpan Smart Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥36.88, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 15% over the past three years. Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.33 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.33 in 3Q 2023). Revenue: CN¥1.88b (flat on 3Q 2023). Net income: CN¥181.3m (up 28% from 3Q 2023). Profit margin: 9.6% (up from 7.6% in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥33.20, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.02 per share. Buy Or Sell Opportunity • Oct 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to CN¥34.50. The fair value is estimated to be CN¥44.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 76% in 2 years. Earnings are forecast to grow by 118% in the next 2 years. Announcement • Sep 30
Hainan Jinpan Smart Technology Co., Ltd. to Report Q3, 2024 Results on Oct 22, 2024 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 22, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥36.88, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 75% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.97 per share. Buy Or Sell Opportunity • Aug 29
Now 21% overvalued Over the last 90 days, the stock has fallen 47% to CN¥30.87. The fair value is estimated to be CN¥25.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 79% in 2 years. Earnings are forecast to grow by 120% in the next 2 years. Major Estimate Revision • Aug 16
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥9.10b to CN¥8.41b. EPS estimate also fell from CN¥1.78 per share to CN¥1.60 per share. Net income forecast to grow 63% next year vs 42% growth forecast for Electrical industry in China. Consensus price target down from CN¥59.88 to CN¥55.38. Share price fell 17% to CN¥34.15 over the past week. Price Target Changed • Aug 13
Price target decreased by 7.5% to CN¥55.38 Down from CN¥59.88, the current price target is an average from 4 analysts. New target price is 53% above last closing price of CN¥36.20. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of CN¥1.60 for next year compared to CN¥1.18 last year. Reported Earnings • Aug 10
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.25 in 2Q 2023). Revenue: CN¥1.61b (flat on 2Q 2023). Net income: CN¥127.8m (up 23% from 2Q 2023). Profit margin: 7.9% (up from 6.5% in 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to CN¥36.92. The fair value is estimated to be CN¥46.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 90% in 2 years. Earnings are forecast to grow by 129% in the next 2 years. New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Announcement • Jun 29
Hainan Jinpan Smart Technology Co., Ltd. to Report First Half, 2024 Results on Aug 10, 2024 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 10, 2024 Price Target Changed • May 22
Price target increased by 11% to CN¥55.08 Up from CN¥49.72, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥55.94. Stock is up 72% over the past year. The company is forecast to post earnings per share of CN¥1.79 for next year compared to CN¥1.18 last year. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥57.73, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 246% over the past three years. New Risk • May 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% 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 Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥1.30b (flat on 1Q 2023). Net income: CN¥94.6m (up 8.6% from 1Q 2023). Profit margin: 7.3% (up from 6.7% in 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.2% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 29
Hainan Jinpan Smart Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Reported Earnings • Mar 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.18 (up from CN¥0.67 in FY 2022). Revenue: CN¥6.67b (up 41% from FY 2022). Net income: CN¥504.7m (up 78% from FY 2022). Profit margin: 7.6% (up from 6.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 21
Hainan Jinpan Smart Technology Co., Ltd., Annual General Meeting, Apr 17, 2024 Hainan Jinpan Smart Technology Co., Ltd., Annual General Meeting, Apr 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Haikou, Hainan China Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥46.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 19% over the past year. Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.18 (up from CN¥0.67 in FY 2022). Revenue: CN¥6.67b (up 41% from FY 2022). Net income: CN¥504.3m (up 78% from FY 2022). Profit margin: 7.6% (up from 6.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥40.55, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Electrical industry in China. Total returns to shareholders of 1.1% over the past year. Announcement • Dec 15
Hainan Jinpan Smart Technology Co., Ltd. (SHSE:688676) announces an Equity Buyback for CNY 100 million worth of its shares. Hainan Jinpan Smart Technology Co., Ltd. (SHSE:688676) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 42.36 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.17 in 3Q 2022). Revenue: CN¥1.88b (up 55% from 3Q 2022). Net income: CN¥142.2m (up 96% from 3Q 2022). Profit margin: 7.6% (up from 6.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥1.60b (up 51% from 2Q 2022). Net income: CN¥103.9m (up 94% from 2Q 2022). Profit margin: 6.5% (up from 5.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Announcement • Jun 28
Hainan Jinpan Smart Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Hainan Jinpan Smart Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 11
First quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.10 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.10 in 1Q 2022). Revenue: CN¥1.30b (up 41% from 1Q 2022). Net income: CN¥87.2m (up 108% from 1Q 2022). Profit margin: 6.7% (up from 4.6% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Reported Earnings • Feb 28
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥0.66 (up from CN¥0.57 in FY 2021). Revenue: CN¥4.75b (up 44% from FY 2021). Net income: CN¥282.4m (up 20% from FY 2021). Profit margin: 6.0% (down from 7.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥36.18, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 12% over the past year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Chunxiang Zhao was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥1.21b (up 53% from 3Q 2021). Net income: CN¥72.5m (up 31% from 3Q 2021). Profit margin: 6.0% (down from 6.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥35.78, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 97% over the past year. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥29.10, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 22% over the past year. Reported Earnings • Sep 01
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥1.06b (up 14% from 2Q 2021). Net income: CN¥53.6m (down 17% from 2Q 2021). Profit margin: 5.1% (down from 7.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 21%, compared to a 55% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥33.10, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 24x in the Electrical industry in China. Total returns to shareholders of 70% over the past year. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥36.55, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 84% over the past year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥38.78, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 145% over the past year. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 39% share price gain to CN¥29.48, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 84% over the past year. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.23, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥19.59, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 14% over the past year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.12 in 1Q 2021). Revenue: CN¥919.5m (up 62% from 1Q 2021). Net income: CN¥42.0m (down 12% from 1Q 2021). Profit margin: 4.6% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.57 (vs CN¥0.60 in FY 2020) Full year 2021 results: EPS: CN¥0.57. Revenue: CN¥3.30b (up 36% from FY 2020). Net income: CN¥234.6m (up 1.3% from FY 2020). Profit margin: 7.1% (down from 9.6% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.56 (down from CN¥0.60 in FY 2020). Revenue: CN¥3.30b (up 36% from FY 2020). Net income: CN¥234.3m (up 1.2% from FY 2020). Profit margin: 7.1% (down from 9.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥29.86, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 45x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 41% share price gain to CN¥36.81, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 45x in the Electrical industry in China. 
