New Risk • Jun 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 179% 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 0.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Jun 01
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 8.4% 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 Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • May 11
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.063 in FY 2024) Full year 2025 results: EPS: CN¥0.029 (down from CN¥0.063 in FY 2024). Revenue: CN¥1.57b (down 3.7% from FY 2024). Net income: CN¥31.4m (down 48% from FY 2024). Profit margin: 2.0% (down from 3.7% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% 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. Announcement • Apr 29
Luoyang Northglass Technology Co.,Ltd, Annual General Meeting, Jun 08, 2026 Luoyang Northglass Technology Co.,Ltd, Annual General Meeting, Jun 08, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan China Announcement • Mar 31
Luoyang Northglass Technology Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Luoyang Northglass Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Luoyang Northglass Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Luoyang Northglass Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.034 loss per share (vs CN¥0.024 profit in 3Q 2024) Third quarter 2025 results: CN¥0.034 loss per share (down from CN¥0.024 profit in 3Q 2024). Revenue: CN¥228.1m (down 45% from 3Q 2024). Net loss: CN¥37.2m (down 264% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 24% 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. Announcement • Sep 30
Luoyang Northglass Technology Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Luoyang Northglass Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Declared Dividend • Jul 07
Dividend of CN¥0.03 announced Shareholders will receive a dividend of CN¥0.03. Ex-date: 8th July 2025 Payment date: 8th July 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (78% 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 increased by an average of 7.7% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 14% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.1% EPS decline seen over the last 5 years. Announcement • Jul 02
Luoyang Northglass Technology Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Luoyang Northglass Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 New Risk • May 02
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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • May 01
Third quarter 2024 earnings released: EPS: CN¥0.024 (vs CN¥0.011 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.024 (up from CN¥0.011 in 3Q 2023). Revenue: CN¥417.8m (up 6.3% from 3Q 2023). Net income: CN¥22.7m (up 116% from 3Q 2023). Profit margin: 5.4% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Luoyang Northglass Technology Co.,Ltd, Annual General Meeting, May 16, 2025 Luoyang Northglass Technology Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan China Announcement • Mar 31
Luoyang Northglass Technology Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Luoyang Northglass Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Dec 31
Luoyang Northglass Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Luoyang Northglass Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.024 (vs CN¥0.011 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.024 (up from CN¥0.011 in 3Q 2023). Revenue: CN¥417.8m (up 6.3% from 3Q 2023). Net income: CN¥22.7m (up 116% from 3Q 2023). Profit margin: 5.4% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Luoyang Northglass Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Luoyang Northglass Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.91, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 14% over the past three years. New Risk • Sep 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.054 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.028 (down from CN¥0.054 in 2Q 2023). Revenue: CN¥403.2m (down 21% from 2Q 2023). Net income: CN¥26.6m (down 47% from 2Q 2023). Profit margin: 6.6% (down from 10.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Luoyang Northglass Technology Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Luoyang Northglass Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 25
Luoyang Northglass Technology Co.,Ltd Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 28 June 2024 Luoyang Northglass Technology Co.,Ltd announced final cash dividend/10 shares (tax included) of CNY 0.65000000 on A shares for the year 2023. Record date: 27 June 2024. Ex-date: 28 June 2024. Payment date: 28 June 2024. Announcement • Apr 29
Luoyang Northglass Technology Co.,Ltd, Annual General Meeting, May 17, 2024 Luoyang Northglass Technology Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Luoyang, Henan China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.047 (vs CN¥0.031 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.047 (up from CN¥0.031 in 1Q 2023). Revenue: CN¥404.7m (up 8.9% from 1Q 2023). Net income: CN¥44.1m (up 50% from 1Q 2023). Profit margin: 11% (up from 7.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥3.38, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 30x in the Machinery industry in China. Total returns to shareholders of 3.8% over the past three years. Announcement • Mar 30
Luoyang Northglass Technology Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Luoyang Northglass Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥3.60, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 18% over the past three years. Announcement • Dec 30
Luoyang Northglass Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Luoyang Northglass Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Zhigang Huang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.005 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.005 in 3Q 2022). Revenue: CN¥393.0m (down 5.1% from 3Q 2022). Net income: CN¥10.5m (up 105% from 3Q 2022). Profit margin: 2.7% (up from 1.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.054 (vs CN¥0.01 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.054 (up from CN¥0.01 in 2Q 2022). Revenue: CN¥507.6m (up 46% from 2Q 2022). Net income: CN¥50.6m (up 438% from 2Q 2022). Profit margin: 10.0% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.031 (vs CN¥0.015 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.031 (up from CN¥0.015 in 1Q 2022). Revenue: CN¥371.5m (down 2.8% from 1Q 2022). Net income: CN¥29.4m (up 105% from 1Q 2022). Profit margin: 7.9% (up from 3.8% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.01 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.005 (down from CN¥0.01 in 3Q 2021). Revenue: CN¥414.1m (up 13% from 3Q 2021). Net income: CN¥5.11m (down 46% from 3Q 2021). Profit margin: 1.2% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.01 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.01 (vs CN¥0.01 in 2Q 2021). Revenue: CN¥347.2m (down 16% from 2Q 2021). Net income: CN¥9.41m (flat on 2Q 2021). Profit margin: 2.7% (up from 2.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Luoyang Northglass Technology Co.,Ltd Announces Management Changes Luoyang Northglass Technology Co.,Ltd, at the AGM held on 18 May 2022 elected Xia Bing as non-independent director, elected Huang Zhigang as independent director and elected Yang Yuanxi as shareholder supervisor. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.059 (up from CN¥0.015 in FY 2020). Revenue: CN¥1.70b (up 60% from FY 2020). Net income: CN¥54.9m (up 303% from FY 2020). Profit margin: 3.2% (up from 1.3% in FY 2020). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 66%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 5 experienced directors. No highly experienced directors. Shareholder Supervisor Yuan Shi is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.011 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥366.3m (up 27% from 3Q 2020). Net income: CN¥9.47m (up CN¥19.4m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.021 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥411.9m (up 32% from 2Q 2020). Net income: CN¥9.42m (down 52% from 2Q 2020). Profit margin: 2.3% (down from 6.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Announcement • May 22
Luoyang Northglass Technology Co.,Ltd Approves Cash Dividend for 2020 Luoyang Northglass Technology Co.,Ltd at its AGM held on May 20, 2021, approved cash dividend of CNY 0.35000000 per 10 shares for 2020. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.006 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥290.0m (up 91% from 1Q 2020). Net income: CN¥1.94m (down 65% from 1Q 2020). Profit margin: 0.7% (down from 3.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥3.68 The company is down 10.0% from its price of CN¥4.09 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 Machinery industry, which is up 11% over the same period. Announcement • Oct 17
Luoyang Northglass Technology Co.,Ltd to Report Q3, 2020 Results on Oct 23, 2020 Luoyang Northglass Technology Co.,Ltd announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Sep 27
New 90-day low: CN¥3.99 The company is down 2.0% from its price of CN¥4.07 on 29 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 14
Luoyang Northglass Technology Co.,Ltd to Report First Half, 2020 Results on Aug 29, 2020 Luoyang Northglass Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 29, 2020