Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥14.50, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 52x in the Machinery industry in China. Total returns to shareholders of 50% over the past three years. Announcement • Apr 17
Hangzhou Advance Gearbox Group Co., Ltd., Annual General Meeting, May 15, 2026 Hangzhou Advance Gearbox Group Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.63 (vs CN¥0.60 in FY 2024) Full year 2025 results: EPS: CN¥0.63 (up from CN¥0.60 in FY 2024). Revenue: CN¥2.40b (up 4.3% from FY 2024). Net income: CN¥253.5m (up 5.3% from FY 2024). Profit margin: 11% (in line with FY 2024). 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 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Mar 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to CN¥14.74. The fair value is estimated to be CN¥18.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 9.1%. New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Dec 26
Hangzhou Advance Gearbox Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.19 in 3Q 2024). Revenue: CN¥656.9m (up 3.2% from 3Q 2024). Net income: CN¥80.0m (up 7.3% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). 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. Announcement • Sep 30
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.16 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.16 in 2Q 2024). Revenue: CN¥622.3m (up 6.9% from 2Q 2024). Net income: CN¥73.8m (up 18% from 2Q 2024). Profit margin: 12% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Hangzhou Advance Gearbox Group Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.68, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 42x in the Machinery industry in China. Total returns to shareholders of 123% over the past three years. Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: CN¥0.60 (vs CN¥0.53 in FY 2023) Full year 2024 results: EPS: CN¥0.60 (up from CN¥0.53 in FY 2023). Revenue: CN¥2.30b (up 22% from FY 2023). Net income: CN¥240.8m (up 14% from FY 2023). Profit margin: 11% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 17
Hangzhou Advance Gearbox Group Co., Ltd., Annual General Meeting, May 15, 2025 Hangzhou Advance Gearbox Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang 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¥14.02, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 73% over the past three years. Announcement • Mar 28
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥22.91, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 41x in the Machinery industry in China. Total returns to shareholders of 188% over the past three years. New Risk • Feb 21
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 8.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥11.22, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Dec 27
Hangzhou Advance Gearbox Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.14 in 3Q 2023). Revenue: CN¥636.7m (up 47% from 3Q 2023). Net income: CN¥74.6m (up 36% from 3Q 2023). Profit margin: 12% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 30
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Hangzhou Advance Gearbox Group 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 19% After last week's 19% share price gain to CN¥8.21, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 6.0% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.13 in 2Q 2023). Revenue: CN¥582.0m (up 28% from 2Q 2023). Net income: CN¥62.3m (up 19% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Hangzhou Advance Gearbox Group Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.16 in 1Q 2023). Revenue: CN¥423.2m (down 22% from 1Q 2023). Net income: CN¥52.4m (down 20% from 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 26
Hangzhou Advance Gearbox Group Co., Ltd., Annual General Meeting, May 15, 2024 Hangzhou Advance Gearbox Group Co., Ltd., Annual General Meeting, May 15, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.53 (up from CN¥0.52 in FY 2022). Revenue: CN¥1.88b (down 14% from FY 2022). Net income: CN¥211.5m (up 1.0% from FY 2022). Profit margin: 11% (up from 9.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥6.65, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 25x in the Machinery industry in China. Total loss to shareholders of 3.5% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.05, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Dec 30
Hangzhou Advance Gearbox Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.11 in 3Q 2022). Revenue: CN¥433.8m (down 10% from 3Q 2022). Net income: CN¥54.9m (up 24% from 3Q 2022). Profit margin: 13% (up from 9.1% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.13 in 2Q 2022). Revenue: CN¥454.2m (down 31% from 2Q 2022). Net income: CN¥52.3m (up 2.5% from 2Q 2022). Profit margin: 12% (up from 7.8% in 2Q 2022). The increase in margin was driven by lower expenses. 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 3% per year, which means it is significantly lagging earnings growth. New Risk • Jul 27
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 6.5% 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 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 (6.5% average weekly change). New Risk • Jul 07
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jun 28
Hangzhou Advance Gearbox Group Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.81, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.34 in FY 2021) Full year 2022 results: EPS: CN¥0.52 (up from CN¥0.34 in FY 2021). Revenue: CN¥2.20b (up 2.6% from FY 2021). Net income: CN¥209.4m (up 53% from FY 2021). Profit margin: 9.5% (up from 6.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. 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 Renyong Chi was the last independent director to join the board, commencing their role in 2019. 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¥0.11 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥483.9m (up 16% from 3Q 2021). Net income: CN¥44.2m (up 38% from 3Q 2021). Profit margin: 9.1% (up from 7.7% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2021). Revenue: CN¥658.7m (down 5.5% from 2Q 2021). Net income: CN¥51.1m (down 7.0% from 2Q 2021). Profit margin: 7.8% (down from 7.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥575.1m (up 5.2% from 1Q 2021). Net income: CN¥49.4m (down 3.9% from 1Q 2021). Profit margin: 8.6% (down from 9.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: CN¥0.34 (vs CN¥0.21 in FY 2020) Full year 2021 results: EPS: CN¥0.34 (up from CN¥0.21 in FY 2020). Revenue: CN¥2.14b (up 12% from FY 2020). Net income: CN¥137.0m (up 63% from FY 2020). Profit margin: 6.4% (up from 4.4% in FY 2020). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 18
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥10.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 84% per annum over the last 3 years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.069 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥416.4m (down 18% from 3Q 2020). Net income: CN¥32.1m (up 16% from 3Q 2020). Profit margin: 7.7% (up from 5.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥8.86, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 42% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.10 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥697.1m (up 23% from 2Q 2020). Net income: CN¥54.9m (up 30% from 2Q 2020). Profit margin: 7.9% (up from 7.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.21 (vs CN¥0.049 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.92b (up 16% from FY 2019). Net income: CN¥83.9m (up 325% from FY 2019). Profit margin: 4.4% (up from 1.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥7.29 The company is down 12% from its price of CN¥8.30 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. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥7.69 The company is down 7.0% from its price of CN¥8.23 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 Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥8.02 The company is down 3.0% from its price of CN¥8.24 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% 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¥79.7m, up 358% from the prior year. Total revenue was CN¥1.88b over the last 12 months, up 16% from the prior year. Announcement • Oct 20
Hangzhou Advance Gearbox Group Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥8.03 The company is down 1.0% from its price of CN¥8.11 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. Announcement • Jul 09
Hangzhou Advance Gearbox Group Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Hangzhou Advance Gearbox Group Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020