Declared Dividend • Jun 01
Dividend reduced to CN¥0.15 Dividend of CN¥0.15 is 50% lower than last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 30
Jiangsu Rainbow Heavy Industries Co., Ltd. Announces Implementation of Final Profit Distribution Plan on A Shares for 2025, Payable on 04 June 2026 Jiangsu Rainbow Heavy Industries Co., Ltd. announced the implementation of final profit distribution plan on A shares for 2025: Cash dividend (tax included) of CNY 1.50000000 per 10 shares. Record date: 03 June 2026 with Ex-date: 04 June 2026. Payment date: 04 June 2026. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.08 (in line with 1Q 2025). Revenue: CN¥902.6m (down 34% from 1Q 2025). Net income: CN¥68.4m (down 2.5% from 1Q 2025). Profit margin: 7.6% (up from 5.1% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Jiangsu Rainbow Heavy Industries Co., Ltd., Annual General Meeting, May 22, 2026 Jiangsu Rainbow Heavy Industries Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Announcement • Mar 31
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.51, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 52x in the Machinery industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Dec 31
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.091 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.069 (down from CN¥0.091 in 3Q 2024). Revenue: CN¥1.56b (down 22% from 3Q 2024). Net income: CN¥61.1m (down 25% from 3Q 2024). Profit margin: 3.9% (down from 4.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.13 in 2Q 2024). Revenue: CN¥1.77b (up 1.8% from 2Q 2024). Net income: CN¥92.8m (down 17% from 2Q 2024). Profit margin: 5.2% (down from 6.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 27
Jiangsu Rainbow Heavy Industries Co., Ltd. Approves Cash Dividend for the Year 2024 Jiangsu Rainbow Heavy Industries Co., Ltd. approved Cash dividend/10 shares (tax included) is CNY 3.000000 for the year 2024, at the AGM held on May 23, 2025. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.07 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.08 (up from CN¥0.07 in 1Q 2024). Revenue: CN¥1.37b (down 3.1% from 1Q 2024). Net income: CN¥70.2m (up 12% from 1Q 2024). Profit margin: 5.1% (up from 4.4% in 1Q 2024). The increase in margin was driven by lower expenses. 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. Announcement • Apr 29
Jiangsu Rainbow Heavy Industries Co., Ltd., Annual General Meeting, May 23, 2025 Jiangsu Rainbow Heavy Industries Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. 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¥5.60, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 35x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Apr 01
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Paying a dividend despite having no free cash flows. Earnings have declined by 16% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Announcement • Dec 31
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.066 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.091 (up from CN¥0.066 in 3Q 2023). Revenue: CN¥2.00b (up 3.5% from 3Q 2023). Net income: CN¥81.2m (up 38% from 3Q 2023). Profit margin: 4.1% (up from 3.1% in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥5.11, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥1.74b (down 7.4% from 2Q 2023). Net income: CN¥111.1m (down 4.3% from 2Q 2023). Profit margin: 6.4% (up from 6.2% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • May 11
Jiangsu Rainbow Heavy Industries Co., Ltd. Announces Cash Dividend of A Share for the Year 2023, Payable on May 15, 2024 Jiangsu Rainbow Heavy Industries Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 1.00000000 of A share for the year 2023. Record date is May 14, 2024. Ex-date is May 15, 2024. Payment date is May 15, 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.04 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.04 in 1Q 2023). Revenue: CN¥1.41b (up 22% from 1Q 2023). Net income: CN¥62.5m (up 48% from 1Q 2023). Profit margin: 4.4% (up from 3.6% in 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 02
Jiangsu Rainbow Heavy Industries Co., Ltd., Annual General Meeting, Apr 23, 2024 Jiangsu Rainbow Heavy Industries Co., Ltd., Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Reported Earnings • Apr 02
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥0.06 (in line with FY 2022). Revenue: CN¥7.18b (up 39% from FY 2022). Net income: CN¥55.4m (up 4.2% from FY 2022). Profit margin: 0.8% (down from 1.0% in FY 2022). Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 30
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥3.96, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Machinery industry in China. Negligible returns to shareholders over past three years. Announcement • Dec 30
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Fiscal Year 2023 Results on Apr 02, 2024 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report fiscal year 2023 results on Apr 02, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.066 (vs CN¥0.049 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.066 (up from CN¥0.049 in 3Q 2022). Revenue: CN¥1.93b (up 56% from 3Q 2022). Net income: CN¥59.1m (up 28% from 3Q 2022). Profit margin: 3.1% (down from 3.7% in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery 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 7% per year, which means it has not declined as severely as earnings. Buying Opportunity • Oct 20
Now 20% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be CN¥7.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 319% in the next 2 years. Buying Opportunity • Aug 30
Now 21% undervalued Over the last 90 days, the stock is up 2.4%. The fair value is estimated to be CN¥7.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 319% in the next 2 years. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.081 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.081 in 2Q 2022). Revenue: CN¥1.88b (up 140% from 2Q 2022). Net income: CN¥116.2m (up 58% from 2Q 2022). Profit margin: 6.2% (down from 9.4% in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery 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 increased by 1% per year, which means it is well ahead of earnings. Announcement • Jun 15
Jiangsu Rainbow Heavy Industries Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 21, 2023 Jiangsu Rainbow Heavy Industries Co., Ltd. announced final cash dividend of CNY 0.53148400 per 10 shares on A shares for the year 2022. Record date is June 20, 2023, Ex-Date is June 21, 2023 and Payment Date is June 21, 2023. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 2 highly experienced directors. Vice-Chairman of the Board of Directors Xiaoyue Shi is the most experienced director on the board, commencing their role in 2009. 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 27
Third quarter 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.064 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.049 (down from CN¥0.064 in 3Q 2021). Revenue: CN¥1.24b (up 24% from 3Q 2021). Net income: CN¥46.1m (down 24% from 3Q 2021). Profit margin: 3.7% (down from 6.1% in 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.081 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥782.1m (down 23% from 2Q 2021). Net income: CN¥73.3m (down 34% from 2Q 2021). Profit margin: 9.4% (down from 11% in 2Q 2021). Over the next year, revenue is forecast to grow 62%, compared to a 36% growth forecast for the Machinery industry in China. 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 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 11
Upcoming dividend of CN¥0.05 per share Eligible shareholders must have bought the stock before 18 July 2022. Payment date: 18 July 2022. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (1.4%). Announcement • Jul 09
Jiangsu Rainbow Heavy Industries Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 18 July 2022 Jiangsu Rainbow Heavy Industries Co., Ltd. announced final cash dividend of CNY 0.50000000 per 10 shares on A shares for 2021. Record date: 15 July 2022, Ex-date: 18 July 2022 and Payment date: 18 July 2022. Announcement • May 24
Jiangsu Rainbow Heavy Industries Co., Ltd. Approves Cash Dividend for the Year 2021 Jiangsu Rainbow Heavy Industries Co., Ltd. approved cash dividend (Tax included) of CNY 0.500000 per 10 shares for the year 2021, at the AGM held on May 20, 2022. Announcement • May 02
Jiangsu Rainbow Heavy Industries Co., Ltd. Announces Executive Changes Jiangsu Rainbow Heavy Industries Co., Ltd. approved the appointment of Long Yong, Liu Yin, Zhang Jinxiang, Ao Pan as non-independent directors and Lu Zhenhua, Yu Yanguo, Hua Gang as independent directors, at the 1st Extraordinary General Meeting of 2022 on 28 April 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥898.3m (up 3.5% from 1Q 2021). Net income: CN¥49.2m (down 47% from 1Q 2021). Profit margin: 5.5% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 45%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 41% 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 • Apr 27
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. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Hanqing Yu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 20
Jiangsu Rainbow Heavy Industries Co., Ltd. Proposes Final Cash Dividend for 2021 Jiangsu Rainbow Heavy Industries Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2021. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.37 (up from CN¥0.29 in FY 2020). Revenue: CN¥3.85b (up 6.4% from FY 2020). Net income: CN¥349.5m (up 37% from FY 2020). Profit margin: 9.1% (up from 7.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 36%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥8.48, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 94% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.064 (vs CN¥0.077 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥996.6m (down 14% from 3Q 2020). Net income: CN¥60.3m (down 16% from 3Q 2020). Profit margin: 6.1% (down from 6.2% in 3Q 2020). 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 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥5.67, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥6.58, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 67% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.059 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥1.02b (down 7.1% from 2Q 2020). Net income: CN¥111.2m (up 82% from 2Q 2020). Profit margin: 11% (up from 5.6% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 53% 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 • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥5.39, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 30% over the past three years. Announcement • May 16
Jiangsu Rainbow Heavy Industries Co., Ltd. Approves Cash Dividend for 2020 Jiangsu Rainbow Heavy Industries Co., Ltd. at its AGM held on May 13, 2021, approved cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2020. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.21 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.61b (up 56% from FY 2019). Net income: CN¥255.5m (up 82% from FY 2019). Profit margin: 7.1% (up from 6.1% in FY 2019). 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. Announcement • Mar 09
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Feb 04
New 90-day low: CN¥4.36 The company is down 34% from its price of CN¥6.63 on 06 November 2020. The Chinese market is up 5.0% 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. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.77, the stock is trading at a trailing P/E ratio of 16.8x, down from the previous P/E ratio of 20.3x. This compares to an average P/E of 33x in the Machinery industry in China. Total return to shareholders over the past three years is a loss of 7.6%. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥5.30 The company is down 18% from its price of CN¥6.47 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥5.33 The company is down 2.0% from its price of CN¥5.45 on 15 September 2020. The Chinese market is up 1.0% 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. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥5.67, the stock is trading at a trailing P/E ratio of 20x, down from the previous P/E ratio of 24.2x. This compares to an average P/E of 38x in the Machinery industry in China. Total returns to shareholders over the past three years are 6.8%. Is New 90 Day High Low • Nov 25
New 90-day high: CN¥6.80 The company is up 20% from its price of CN¥5.69 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% 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¥227.2m, up 288% from the prior year. Total revenue was CN¥3.86b over the last 12 months, up 125% from the prior year. Announcement • Oct 20
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Oct 12
New 90-day high: CN¥6.28 The company is up 23% from its price of CN¥5.12 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. Is New 90 Day High Low • Sep 21
New 90-day high: CN¥6.07 The company is up 36% from its price of CN¥4.46 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 19% over the same period. Announcement • Aug 02
Jiangsu Rainbow Heavy Industries Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Jiangsu Rainbow Heavy Industries Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020