Announcement • Jun 30
Zhuzhou Kibing Group Co.,Ltd to Report First Half, 2026 Results on Aug 31, 2026 Zhuzhou Kibing Group Co.,Ltd announced that they will report first half, 2026 results on Aug 31, 2026 Announcement • Jun 27
Zhuzhou Kibing Group Co.,Ltd announced that it expects to receive CNY 1.4268972 billion in funding Zhuzhou Kibing Group Co.,Ltd announced a private placement of not more than 887,596,118 shares for the proceeds of not more than CNY 1,426,897,200 on June 26, 2026. The transaction includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 13th meeting of the company’s 6th directorate held on June 26, 2026, and is subject to the approvals of its Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Price Target Changed • May 22
Price target increased by 7.1% to CN¥8.25 Up from CN¥7.70, the current price target is an average from 3 analysts. New target price is 22% above last closing price of CN¥6.76. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.23 last year. New Risk • May 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 189% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.6% 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 Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 189% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 46%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CN¥17.0b to CN¥17.7b. EPS estimate fell from CN¥0.41 to CN¥0.22 per share. Net income forecast to grow 367% next year vs 32% growth forecast for Building industry in China. Consensus price target up from CN¥7.70 to CN¥7.97. Share price rose 6.4% to CN¥6.51 over the past week. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.004 (vs CN¥0.17 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.004 (down from CN¥0.17 in 1Q 2025). Revenue: CN¥3.57b (up 2.4% from 1Q 2025). Net income: CN¥13.1m (down 97% from 1Q 2025). Profit margin: 0.4% (down from 14% in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Zhuzhou Kibing Group Co.,Ltd, Annual General Meeting, May 13, 2026 Zhuzhou Kibing Group Co.,Ltd, Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 30
Zhuzhou Kibing Group Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026 Zhuzhou Kibing Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026 Price Target Changed • Mar 27
Price target increased by 9.1% to CN¥7.70 Up from CN¥7.06, the current price target is an average from 3 analysts. New target price is 33% above last closing price of CN¥5.79. Stock is up 0.3% over the past year. The company is forecast to post earnings per share of CN¥0.38 for next year compared to CN¥0.14 last year. Announcement • Dec 26
Zhuzhou Kibing Group Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Zhuzhou Kibing Group Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Major Estimate Revision • Dec 17
Consensus EPS estimates fall by 17%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥15.4b to CN¥16.3b. EPS estimate fell from CN¥0.38 to CN¥0.315 per share. Net income forecast to grow 71% next year vs 34% growth forecast for Building industry in China. Consensus price target broadly unchanged at CN¥7.04. Share price was steady at CN¥5.94 over the past week. Reported Earnings • Nov 01
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: CN¥0.009 (up from CN¥0.043 loss in 3Q 2024). Revenue: CN¥4.39b (up 19% from 3Q 2024). Net income: CN¥24.7m (up CN¥136.8m from 3Q 2024). Profit margin: 0.6% (up from net loss in 3Q 2024). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has fallen by 29% 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. Announcement • Sep 30
Zhuzhou Kibing Group Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Zhuzhou Kibing Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Major Estimate Revision • Sep 05
Consensus EPS estimates increase by 12%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥16.2b to CN¥15.3b. EPS estimate rose from CN¥0.361 to CN¥0.403. Net income forecast to grow 139% next year vs 36% growth forecast for Building industry in China. Consensus price target up from CN¥6.40 to CN¥6.90. Share price rose 4.4% to CN¥6.63 over the past week. Price Target Changed • Sep 04
Price target increased by 7.1% to CN¥6.86 Up from CN¥6.40, the current price target is an average from 5 analysts. New target price is 6.5% above last closing price of CN¥6.44. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.14 last year. Price Target Changed • Aug 13
Price target increased by 7.7% to CN¥6.40 Up from CN¥5.94, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥6.23. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.14 last year. Announcement • Jun 30
Zhuzhou Kibing Group Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Zhuzhou Kibing Group Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Major Estimate Revision • May 01
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥17.5b to CN¥16.0b. EPS estimate also fell from CN¥0.409 per share to CN¥0.343 per share. Net income forecast to grow 145% next year vs 29% growth forecast for Building industry in China. Consensus price target down from CN¥6.11 to CN¥5.90. Share price was steady at CN¥5.41 over the past week. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.66 in FY 2023) Full year 2024 results: EPS: CN¥0.14 (down from CN¥0.66 in FY 2023). Revenue: CN¥15.6b (flat on FY 2023). Net income: CN¥382.6m (down 78% from FY 2023). Profit margin: 2.4% (down from 11% in FY 2023). Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Zhuzhou Kibing Group Co.,Ltd, Annual General Meeting, May 15, 2025 Zhuzhou Kibing Group Co.,Ltd, Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 31F, T1, No. 2, Longzhu 4th Road, Taoyuan Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 28
Zhuzhou Kibing Group Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Zhuzhou Kibing Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Jan 24
Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) agreed to acquire an unknown minority stake in Hunan Kibing Solar Technology Co., Ltd. for CNY 1.0 billion. Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) agreed to acquire an unknown minority stake in Hunan Kibing Solar Technology Co., Ltd. for CNY 1.0 billion on January 24, 2025. A cash consideration of CNY 1 billion valued at CNY 4.83 per share will be paid by Zhuzhou Kibing Group Co.,Ltd. As part of consideration, CNY 1 billion is paid towards common equity of Hunan Kibing Solar Technology Co., Ltd. Price Target Changed • Jan 15
Price target decreased by 15% to CN¥6.22 Down from CN¥7.32, the current price target is an average from 6 analysts. New target price is 8.0% above last closing price of CN¥5.76. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.25 for next year compared to CN¥0.66 last year. Announcement • Dec 27
Zhuzhou Kibing Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Zhuzhou Kibing Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Announcement • Nov 06
Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) agreed to acquire 28.78% stake in Hunan Kibing Photovoltaic Technology Co., Ltd. from group of shareholders. Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) agreed to acquire 28.78% stake in Hunan Kibing Photovoltaic Technology Co., Ltd. from group of shareholders on November 6, 2024. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 45% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥17.8b to CN¥16.0b. EPS estimate also fell from CN¥0.513 per share to CN¥0.28 per share. Net income forecast to grow 22% next year vs 45% growth forecast for Building industry in China. Consensus price target up from CN¥6.87 to CN¥7.31. Share price fell 2.2% to CN¥6.61 over the past week. Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.043 loss per share (vs CN¥0.22 profit in 3Q 2023) Third quarter 2024 results: CN¥0.043 loss per share (down from CN¥0.22 profit in 3Q 2023). Revenue: CN¥3.69b (down 14% from 3Q 2023). Net loss: CN¥112.1m (down 119% from profit in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥7.06, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Building industry in China. Total loss to shareholders of 50% over the past three years. Announcement • Sep 30
Zhuzhou Kibing Group Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Zhuzhou Kibing Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥5.79, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Building industry in China. Total loss to shareholders of 61% over the past three years. Major Estimate Revision • Sep 05
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥0.44 to CN¥0.49. Revenue forecast steady at CN¥17.1b. Net income forecast to shrink 17% next year vs 19% growth forecast for Building industry in China . Consensus price target down from CN¥8.70 to CN¥7.25. Share price fell 3.6% to CN¥5.07 over the past week. Price Target Changed • Aug 29
Price target decreased by 12% to CN¥8.02 Down from CN¥9.12, the current price target is an average from 6 analysts. New target price is 52% above last closing price of CN¥5.26. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.39 for next year compared to CN¥0.66 last year. Major Estimate Revision • Aug 29
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥20.2b to CN¥17.2b. EPS estimate fell from CN¥0.731 to CN¥0.44 per share. Net income forecast to shrink 32% next year vs 22% growth forecast for Building industry in China . Consensus price target down from CN¥9.12 to CN¥8.70. Share price was steady at CN¥5.26 over the past week. Declared Dividend • Jul 06
Dividend of CN¥0.33 announced Shareholders will receive a dividend of CN¥0.33. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 5.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (42% 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 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Zhuzhou Kibing Group Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Zhuzhou Kibing Group Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Price Target Changed • May 01
Price target decreased by 8.8% to CN¥8.42 Down from CN¥9.23, the current price target is an average from 6 analysts. New target price is 7.6% above last closing price of CN¥7.82. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.78 for next year compared to CN¥0.66 last year. Announcement • Apr 26
Zhuzhou Kibing Group Co.,Ltd, Annual General Meeting, May 21, 2024 Zhuzhou Kibing Group Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: 31F, Building T1, No. 2, Longzhu 4th Road, Taoyuan Subdistrict, Nanshan District, Shenzhen, Guangdong China New Risk • Apr 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% 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 Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Major Estimate Revision • Apr 10
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥22.3b to CN¥20.9b. EPS estimate also fell from CN¥0.933 per share to CN¥0.713 per share. Net income forecast to grow 8.9% next year vs 27% growth forecast for Building industry in China. Consensus price target broadly unchanged at CN¥9.30. Share price rose 2.3% to CN¥7.72 over the past week. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.66 (vs CN¥0.49 in FY 2022) Full year 2023 results: EPS: CN¥0.66 (up from CN¥0.49 in FY 2022). Revenue: CN¥15.7b (up 18% from FY 2022). Net income: CN¥1.75b (up 33% from FY 2022). Profit margin: 11% (up from 9.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Zhuzhou Kibing Group Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 Zhuzhou Kibing Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 01
Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) agreed to acquire an additional 8.33% stake in Hunan Kibing Electronic Glass Co., Ltd. from Hubei Xiaomi Yangtze Industry Fund Partnership Ent. (L.P.), managed by Hubei Xiaomi Yangtze River Industry Investment Fund Management Co., Ltd. for CNY 110 million Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) agreed to acquire an additional 8.33% stake in Hunan Kibing Electronic Glass Co., Ltd. from Hubei Xiaomi Yangtze Industry Fund Partnership Ent. (L.P.), managed by Hubei Xiaomi Yangtze River Industry Investment Fund Management Co., Ltd. for CNY 110 million on February 29, 2024. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥6.45, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Building industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.73 per share. Announcement • Dec 30
Zhuzhou Kibing Group Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Zhuzhou Kibing Group Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 Price Target Changed • Dec 05
Price target decreased by 7.5% to CN¥10.12 Down from CN¥10.94, the current price target is an average from 5 analysts. New target price is 34% above last closing price of CN¥7.55. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.49 last year. Price Target Changed • Oct 18
Price target decreased by 7.9% to CN¥10.94 Down from CN¥11.87, the current price target is an average from 5 analysts. New target price is 32% above last closing price of CN¥8.27. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.49 last year. Announcement • Sep 30
Zhuzhou Kibing Group Co.,Ltd to Report Q3, 2023 Results on Oct 14, 2023 Zhuzhou Kibing Group Co.,Ltd announced that they will report Q3, 2023 results at 9:30 AM, China Standard Time on Oct 14, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: CN¥0.20 (down from CN¥0.21 in 2Q 2022). Revenue: CN¥3.75b (up 9.5% from 2Q 2022). Net income: CN¥534.5m (down 4.1% from 2Q 2022). Profit margin: 14% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jun 28
Zhuzhou Kibing Group Co.,Ltd to Report First Half, 2023 Results on Aug 29, 2023 Zhuzhou Kibing Group Co.,Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • May 26
Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) announces an Equity Buyback for CNY 450 million worth of its shares. Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) announces a share repurchase program. Under the program, the company will repurchase up to CNY 450 million worth of its shares. The plan will be valid for a period of 12 months. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥1.61 in FY 2021) Full year 2022 results: EPS: CN¥0.49 (down from CN¥1.61 in FY 2021). Revenue: CN¥13.3b (down 8.6% from FY 2021). Net income: CN¥1.32b (down 69% from FY 2021). Profit margin: 9.9% (down from 29% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Building 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 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.73, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Building industry in China. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.03 per share. Price Target Changed • Feb 01
Price target increased by 13% to CN¥13.59 Up from CN¥12.00, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥12.00. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.54 for next year compared to CN¥1.61 last year. Price Target Changed • Nov 16
Price target decreased to CN¥11.49 Down from CN¥13.88, the current price target is an average from 6 analysts. New target price is 23% above last closing price of CN¥9.36. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥1.61 last 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. 9 experienced directors. 2 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Churong Lin was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 02
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥14.5b to CN¥13.5b. EPS estimate also fell from CN¥0.90 per share to CN¥0.57 per share. Net income forecast to grow 46% next year vs 48% growth forecast for Building industry in China. Consensus price target down from CN¥13.88 to CN¥12.43. Share price fell 7.3% to CN¥8.22 over the past week. Price Target Changed • Oct 29
Price target decreased to CN¥12.78 Down from CN¥13.88, the current price target is an average from 7 analysts. New target price is 61% above last closing price of CN¥7.95. Stock is down 50% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥1.61 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: CN¥0.063 (down from CN¥0.55 in 3Q 2021). Revenue: CN¥3.35b (down 16% from 3Q 2021). Net income: CN¥169.4m (down 88% from 3Q 2021). Profit margin: 5.1% (down from 37% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Sep 12
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥15.4b to CN¥14.5b. EPS estimate also fell from CN¥1.04 per share to CN¥0.93 per share. Net income forecast to shrink 4.7% next year vs 42% growth forecast for Building industry in China . Consensus price target down from CN¥15.14 to CN¥14.06. Share price rose 8.2% to CN¥11.83 over the past week. Price Target Changed • Sep 04
Price target decreased to CN¥14.36 Down from CN¥15.55, the current price target is an average from 11 analysts. New target price is 29% above last closing price of CN¥11.14. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥1.11 for next year compared to CN¥1.61 last year. Reported Earnings • Sep 01
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.49 in 2Q 2021). Revenue: CN¥3.43b (down 11% from 2Q 2021). Net income: CN¥557.2m (down 58% from 2Q 2021). Profit margin: 16% (down from 34% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 43% growth forecast for the Building industry in China. Over the last 3 years on average, earnings per share has increased by 47% per year whereas the company’s share price has increased by 46% per year. Major Estimate Revision • Jul 06
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥15.9b to CN¥15.6b. EPS estimate also fell from CN¥1.27 per share to CN¥1.14 per share. Net income forecast to shrink 15% next year vs 50% growth forecast for Building industry in China . Consensus price target down from CN¥16.91 to CN¥15.55. Share price fell 2.3% to CN¥11.75 over the past week. Price Target Changed • Jul 06
Price target decreased to CN¥15.55 Down from CN¥16.91, the current price target is an average from 12 analysts. New target price is 32% above last closing price of CN¥11.75. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥1.14 for next year compared to CN¥1.61 last year. Price Target Changed • Jul 03
Price target decreased to CN¥16.91 Down from CN¥18.44, the current price target is an average from 12 analysts. New target price is 33% above last closing price of CN¥12.69. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.27 for next year compared to CN¥1.61 last year. Price Target Changed • Apr 27
Price target decreased to CN¥16.91 Down from CN¥18.44, the current price target is an average from 12 analysts. New target price is 59% above last closing price of CN¥10.61. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.30 for next year compared to CN¥1.61 last year. Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥16.8b to CN¥16.0b. EPS estimate also fell from CN¥1.57 per share to CN¥1.36 per share. Net income forecast to shrink 0.9% next year vs 24% growth forecast for Building industry in China . Consensus price target down from CN¥20.53 to CN¥17.24. Share price fell 11% to CN¥11.58 over the past week. Reported Earnings • Apr 08
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.61 (up from CN¥0.69 in FY 2020). Revenue: CN¥14.6b (up 51% from FY 2020). Net income: CN¥4.23b (up 132% from FY 2020). Profit margin: 29% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 15%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 30
Price target decreased to CN¥20.53 Down from CN¥22.81, the current price target is an average from 10 analysts. New target price is 54% above last closing price of CN¥13.31. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of CN¥1.65 for next year compared to CN¥0.69 last year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥13.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Building industry in China. Total returns to shareholders of 236% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥18.55, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Building industry in China. Total returns to shareholders of 420% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.62, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Building industry in China. Total returns to shareholders of 493% over the past three years. Price Target Changed • Nov 17
Price target decreased to CN¥22.51 Down from CN¥24.26, the current price target is an average from 13 analysts. New target price is 50% above last closing price of CN¥15.01. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥1.84 for next year compared to CN¥0.69 last year. Reported Earnings • Oct 12
Third quarter 2021 earnings released: EPS CN¥0.55 (vs CN¥0.27 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥3.99b (up 44% from 3Q 2020). Net income: CN¥1.47b (up 106% from 3Q 2020). Profit margin: 37% (up from 26% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 27
Price target increased to CN¥25.75 Up from CN¥23.50, the current price target is an average from 14 analysts. New target price is 47% above last closing price of CN¥17.55. Stock is up 110% over the past year. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥22.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Building industry in China. Total returns to shareholders of 531% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.60 per share. Price Target Changed • Aug 24
Price target increased to CN¥25.11 Up from CN¥23.36, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of CN¥25.31. Stock is up 204% over the past year. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.49 (vs CN¥0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥3.86b (up 55% from 2Q 2020). Net income: CN¥1.31b (up 280% from 2Q 2020). Profit margin: 34% (up from 14% 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 33% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥17.16, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Building industry in China. Total returns to shareholders of 345% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.03 per share. Price Target Changed • Jul 04
Price target increased to CN¥20.99 Up from CN¥18.97, the current price target is an average from 11 analysts. New target price is 16% above last closing price of CN¥18.15. Stock is up 182% over the past year. Reported Earnings • May 01
Full year 2020 earnings released: EPS CN¥0.69 (vs CN¥0.52 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥9.64b (up 3.6% from FY 2019). Net income: CN¥1.83b (up 36% from FY 2019). Profit margin: 19% (up from 14% in FY 2019). The increase in margin was primarily driven by higher revenue. 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 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 08
Zhuzhou Kibing Group Co.,Ltd announced a financing transaction Zhuzhou Kibing Group Co.,Ltd (SHSE:601636) announced a private placement of convertible corporate bonds on April 7, 2021. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥12.62, the stock is trading at a trailing P/E ratio of 18.4x, down from the previous P/E ratio of 22.6x. This compares to an average P/E of 28x in the Building industry in China. Total returns to shareholders over the past three years are 129%.