Board Change • May 08
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. 5 non-independent directors. Independent Non-Executive Director Yongxi Sun was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 26
Full year 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.33 in FY 2024) Full year 2025 results: EPS: CN¥0.32 (down from CN¥0.33 in FY 2024). Revenue: CN¥2.22b (down 14% from FY 2024). Net income: CN¥139.9m (down 1.7% from FY 2024). Profit margin: 6.3% (up from 5.5% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Mar 25
Maike Tube Industry Holdings Limited, Annual General Meeting, May 29, 2026 Maike Tube Industry Holdings Limited, Annual General Meeting, May 29, 2026. Announcement • Mar 16
Maike Tube Industry Holdings Limited to Report Fiscal Year 2025 Results on Mar 24, 2026 Maike Tube Industry Holdings Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Mar 24, 2026 Reported Earnings • Sep 30
First half 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 1H 2024) First half 2025 results: EPS: CN¥0.20 (up from CN¥0.19 in 1H 2024). Revenue: CN¥1.28b (up 10% from 1H 2024). Net income: CN¥86.4m (up 6.0% from 1H 2024). Profit margin: 6.7% (down from 7.0% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • Aug 31
First half 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 1H 2024) First half 2025 results: EPS: CN¥0.20 (up from CN¥0.19 in 1H 2024). Revenue: CN¥1.28b (up 10% from 1H 2024). Net income: CN¥86.4m (up 6.0% from 1H 2024). Profit margin: 6.7% (down from 7.0% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 12
Maike Tube Industry Holdings Limited to Report First Half, 2025 Results on Aug 27, 2025 Maike Tube Industry Holdings Limited announced that they will report first half, 2025 results on Aug 27, 2025 Board Change • Jul 03
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. 5 non-independent directors. Independent Non-Executive Director Yongxi Sun was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 04
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 11 June 2025. Payment date: 09 July 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 8.8%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (4.4%). Announcement • May 30
Maike Tube Industry Holdings Limited Approves the Recommended Final Dividend for the Year Ended 31 December 2024 The Board of Maike Tube Industry Holdings Limited approved the recommended final dividend of HK 12 cents per ordinary share for the year ended 31 December 2024, at the AGM held on, 30 May 2025. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.35 in FY 2023) Full year 2024 results: EPS: CN¥0.33 (down from CN¥0.35 in FY 2023). Revenue: CN¥2.57b (up 18% from FY 2023). Net income: CN¥142.3m (down 7.4% from FY 2023). Profit margin: 5.5% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 28
Dividend of HK$0.12 announced Shareholders will receive a dividend of HK$0.12. Ex-date: 11th June 2025 Payment date: 9th July 2025 Dividend yield will be 9.0%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (34% 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 2.6% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 4.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 26
Maike Tube Industry Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 9 July 2025 Maike Tube Industry Holdings Limited proposed final dividend of HKD 0.12 per share for the year ended 31 December 2024. Date of shareholders' approval is 30 May 2025. Ex-dividend date is 11 June 2025. Record date is 16 June 2025. Payment date is 9 July 2025. Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.35 in FY 2023) Full year 2024 results: EPS: CN¥0.33 (down from CN¥0.35 in FY 2023). Revenue: CN¥2.57b (up 18% from FY 2023). Net income: CN¥142.3m (down 7.4% from FY 2023). Profit margin: 5.5% (down from 7.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 26
Maike Tube Industry Holdings Limited, Annual General Meeting, May 30, 2025 Maike Tube Industry Holdings Limited, Annual General Meeting, May 30, 2025. Announcement • Mar 11
Maike Tube Industry Holdings Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Maike Tube Industry Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 25, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to HK$1.17, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 11x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 15% over the past three years. Announcement • Jan 23
Maike Tube Industry Holdings Limited Announces Appointment of Kong Linglei as A Non-Executive Director, Effective 1 February 2025 The board of directors of Maike Tube Industry Holdings Limited announced that Mr. Kong Linglei has been appointed as a non-executive Director of the Company with effect from 1 February 2025. Mr. Kong, aged 51, has over 28 years of experience in business management and operations. Mr. Kong was a Director of the Company in February 2019 and served as an executive Director and chairman of the Company from May 2019 to August 2022, where he was primarily responsible for presiding over the Board and the overall business direction of the Group. Mr. Kong was the founder and the chairman of Jinan Mech Piping Technology Co. Ltd. from May 2013 to October 2022 and was a director of Jinan Magang Steel Pipes Manufacturing Company from June 2007 to January 2023. Prior to joining the Group, from July 1994 to September 2001, he worked for Industrial and Commercial Bank of China Limited in Jinan, the PRC, where he led the international business department of Pingyin branch as the department head. From September 2001 to August 2004, he worked at China Merchants Bank in Jinan, the PRC, as a deputy manager, where he was responsible for managing day-to-day operation at the Jinan branch. He served at Meide Group Co. Ltd. Si nce August 2004, and served as a director of Meide since May 2006. Further, Mr. Kong has been elected as the president of the Pingyin Industry and Commerce Association since December 2016. He has also been the vice president of Shandong Industry and Commerce Federation since June 2017. Mr. Kong graduated from the University of Science and Technology of China, the PRC, with a master's degree in executive master of business administration in December 2018. Mr. Kong obtained a diploma in National Defense Mobilization and National Defense Education from Nanjing Army Command College of the Chinese People's Liberation Army in December 2016. Board Change • Jan 07
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. 4 non-independent directors. Independent Non-Executive Director Yongxi Sun was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 29
Maike Tube Industry Holdings Limited Announces Chief Executive Officer Changes, Effective December 1, 2024 The board of directors of Maike Tube Industry Holdings Limited announced that Mr. Zhou Zhi Wei (Mr. Zhou) has resigned as the chief executive officer of the Company (the "CEO") with effect from 1 December 2024 due to his intention to devote more time to his own business. The Board announced that with effect from 1 December 2024, Mr. Wang Ning (Mr. Wang), an executive Director has been appointed as the CEO of the Company. Mr. Wang, aged 48, is an executive Director and the deputy general manager of the Company. He is the chief of standard prefabricated pipe nipple products production of the Company. He joined the Group as a deputy factory manager for standard prefabricated pipe nipple products production of Jinan Mech Piping Technology Co. Ltd. in August 2018, where he was responsible for factory production and management. He then became a factory manager for standard prefabricated pipe nipple products in December 2018. He was appointed as the Group's chief of standard prefabricated pipe nipple production in May 2019 and the deputy general manager of the Company in August 2023. He is primarily responsible for production management. He has also been appointed as the authorised representative of Jinan Mech Piping Technology Co. Ltd. since November 2024. Mr. Wang has over 20 years of experience in pipe and foundry industries. Prior to joining the Group, he was a planning worker at Meide Group Co. Ltd. ("Meide") from November 1999 to July 2018, and his last position at Meide was a section chief of the production department, where he was responsible for pipe manufacturing and production work. Mr. Wang graduated from Shandong Province Gongye School (currently known as Shandong Jianzhu University), the PRC, with a diploma in casting in July 1999. Buy Or Sell Opportunity • Nov 02
Now 20% undervalued Over the last 90 days, the stock has risen 13% to HK$1.50. The fair value is estimated to be HK$1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Oct 07
Now 21% undervalued Over the last 90 days, the stock has risen 26% to HK$1.50. The fair value is estimated to be HK$1.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Sep 30
First half 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.17 in 1H 2023) First half 2024 results: EPS: CN¥0.19 (up from CN¥0.17 in 1H 2023). Revenue: CN¥1.16b (up 8.7% from 1H 2023). Net income: CN¥81.5m (up 13% from 1H 2023). Profit margin: 7.0% (up from 6.8% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 15
Maike Tube Industry Holdings Limited to Report First Half, 2024 Results on Aug 27, 2024 Maike Tube Industry Holdings Limited announced that they will report first half, 2024 results on Aug 27, 2024 Buy Or Sell Opportunity • Jul 02
Now 22% undervalued Over the last 90 days, the stock has risen 7.0% to HK$1.23. The fair value is estimated to be HK$1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 14%. Buy Or Sell Opportunity • Jun 24
Now 21% undervalued Over the last 90 days, the stock has risen 11% to HK$1.25. The fair value is estimated to be HK$1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 14%. Buy Or Sell Opportunity • Jun 07
Now 21% undervalued Over the last 90 days, the stock has risen 21% to HK$1.25. The fair value is estimated to be HK$1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 14%. Upcoming Dividend • Jun 05
Upcoming dividend of HK$0.12 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 08 July 2024. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 9.6%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (2.2%). Announcement • Jun 01
Maike Tube Industry Holdings Limited Approves Final Dividend for the Year Ended 31 December 2023 Maike Tube Industry Holdings Limited at its annual general meeting held on May 31, 2024, approved recommended final dividend of HK12 cents per ordinary share for the year ended 31 December 2023. New Risk • May 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (HK$516.2m market cap, or US$66.1m). Announcement • Mar 27
Maike Tube Industry Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 08 July 2024 Maike Tube Industry Holdings Limited proposed final dividend for the Year Ended 31 December 2023 of HKD 0.12 per share to the shareholders' approval on 31 May 2024. Ex-dividend date: 12 June 2024; Record date: 17 June 2024; Payment date: 08 July 2024. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.32 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.32 in FY 2022). Revenue: CN¥2.19b (up 4.0% from FY 2022). Net income: CN¥153.7m (up 10.0% from FY 2022). Profit margin: 7.0% (up from 6.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Mar 23
Maike Tube Industry Holdings Limited, Annual General Meeting, May 31, 2024 Maike Tube Industry Holdings Limited, Annual General Meeting, May 31, 2024. Announcement • Mar 12
Maike Tube Industry Holdings Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Maike Tube Industry Holdings Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 Buy Or Sell Opportunity • Feb 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to HK$0.99. The fair value is estimated to be HK$1.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to HK$1.02, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 9x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$1.38, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 8x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 22% over the past three years. Reported Earnings • Aug 27
First half 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1H 2022) First half 2023 results: EPS: CN¥0.17 (up from CN¥0.16 in 1H 2022). Revenue: CN¥1.07b (up 5.6% from 1H 2022). Net income: CN¥72.3m (up 2.9% from 1H 2022). Profit margin: 6.8% (down from 6.9% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be HK$1.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 8.1%. Announcement • Aug 10
Maike Tube Industry Holdings Limited to Report Q2, 2023 Results on Aug 25, 2023 Maike Tube Industry Holdings Limited announced that they will report Q2, 2023 results on Aug 25, 2023 Announcement • Aug 01
Maike Tube Industry Holdings Limited Announces CEO Changes Effective 1 August 2023 The board of directors of Maike Tube Industry Holdings Limited announced that Mr. Guo Lei has resigned as the chief executive officer of the Company with effect from 1 August 2023 due to his intention to devote more time to his own business. Mr. Guo will remain as the executive Director and the chairman of the Board. The Board announced that with effect from 1 August 2023, Mr. Zhou Zhi Wei ("Mr. Zhou") has been appointed as the CEO of the Company (the "Appointment") for an initial term of three years. Pursuant to code provision C.2.1 of the Corporate Governance Code as set out in Appendix 14 to the Rules Governing the Listing of Securities (the "Listing Rules"), the roles of the chairman of the Board and the CEO should be separate and should not be performed by the same individual. Upon the Appointment, the Company will have separate individuals performing as the chairman of the Board and the CEO. As such, the Board considers the Appointment would help to ensure a balance of power and authority for the management of the Company. Mr. Zhou, aged 44, has been appointed as the CEO with effect from 1 August 2023. Prior to joining the Group, he worked as the dean of Meide College at Meide Group Limited from April 2022 to July 2023. He served in Double Star Group Co. Ltd. and Qingdao Double Star Co. Ltd. respectively as the secretary of the party, general manager and manager of large project office from April 2019 to March 2022 and as deputy general manager of PCR division from February 2019 to April 2019. He served as the general manager in Qingdao Kaishi Rubber Track Co. Ltd. from January 2015 to December 2018. During the period from September 2016 to December 2018, he also served as the secretary of the party branch and general manager of Qingdao Kaishi Sealing Industry Co. Ltd. He served as the general manager in Qingdao Tianfa Lighting Technology Co. Ltd. from August 2011 to May 2014. He worked as the project manager in Qingdao Household Appliance Technology Equipment Research Institute from October 2005 to July 2007. He served as the head of quality control department in Haier Group Corporation from August 2001 to October 2005 and also worked at other associated companies of Haier Group Corporation as the general manager from July 2007 to May 2010. Mr. Zhou graduated from Tianjing University in Chemical Equipment and Machinery in June 2001. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to HK$1.28, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 14% over the past three years. Announcement • Jun 22
Maike Tube Industry Holdings Limited Announces Appointment of SUN Yongxi as Independent Non-Executive Director, Effective 29 June 2023 The Board of Maike Tube Industry Holdings Limited announced that Mr. SUN Yongxi has been appointed as an independent non-executive Director and a member of the audit committee, remuneration committee and nomination committee of the Company, with effect from 29 June 2023. Mr. SUN, aged 72, has over 50 years of experience in the steel pipe industry. Prior to joining the Group, he has been the head of the expert committee of Shanghai Steel Pipe Industry Association since May 2015. He was a general manager at Shanghai Yueyuechao Steel Tube Group Co. Ltd. from January 2008 to May 2015. He served as a marketing director at Shanghai Zhongyou Tianbao Group January 2006 to January 2008. He was a general manager at Shanghai Allison Steel Tube Co. Ltd. from October 1996 to December 2005. He served as the head of welded pipe workshop and branch manager at Shanghai Steel Pipe Factory during the period from January 1981 to October 1996. He also worked for the factory from 1968 to November 1977. Mr. SUN graduated from Shanghai Metallurgical College in electrical automation in November 1977. Upcoming Dividend • Jun 02
Upcoming dividend of HK$0.10 per share at 7.6% yield Eligible shareholders must have bought the stock before 09 June 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 7.6%. Lower than top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.3%). Announcement • Jun 01
Maike Tube Industry Holdings Limited Approves Final Dividend for the Year Ended 31 December 2022 Maike Tube Industry Holdings Limited at its AGM held on May 31, 2023, approved the recommended final dividend of HK 10 cents per ordinary share for the year ended 31 December 2022. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.27 in FY 2021) Full year 2022 results: EPS: CN¥0.32 (up from CN¥0.27 in FY 2021). Revenue: CN¥2.11b (up 19% from FY 2021). Net income: CN¥139.7m (up 20% from FY 2021). Profit margin: 6.6% (up from 6.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to HK$1.13, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 7x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 7.0% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 18% share price gain to HK$1.59, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 6x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 16% over the past year. 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. 4 non-independent directors. Independent Non-Executive Director Xiaodong Ding 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. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to HK$1.20, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 5x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 15% over the past year. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be HK$1.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last year. Earnings per share has grown by 12%. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$1.15, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 6x in the Metals and Mining industry in Hong Kong. Total loss to shareholders of 18% over the past year. Reported Earnings • Aug 29
First half 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1H 2021) First half 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in 1H 2021). Revenue: CN¥1.01b (up 35% from 1H 2021). Net income: CN¥70.3m (up 12% from 1H 2021). Profit margin: 6.9% (down from 8.4% in 1H 2021). Announcement • Aug 13
Maike Tube Industry Holdings Limited to Report First Half, 2022 Results on Aug 26, 2022 Maike Tube Industry Holdings Limited announced that they will report first half, 2022 results on Aug 26, 2022 Board Change • Aug 09
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Xiaodong Ding was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Jul 27
Maike Tube Industry Holdings Limited Announces Board Changes with Effect from 1 August 2022 The board Of Maike Tube Industry Holdings Limited announced that with effect from 1 August 2022, Mr. Kong Linglei has resigned as an executive Director, chairman of the Board, a member and the chairman of the nomination committee of the Board and a member of the remuneration committee of the Board, due to his desire to devote more time to his personal endeavours. Mr. Kong has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited. The Board announces that, with effect from 1 August 2022, Mr. Guo Lei, an executive Director, and chief executive officer of the Company has been appointed as the chairman of the Board, a member and chairman of the Nomination Committee and a member of the Remuneration Committee. The Board also announced that, with effect from 1 August 2022, Mr. Wang Ning has been appointed as the executive Director. The biographical details of Mr. Wang are as follows: Mr. Wang, aged 46, is the chief of standard prefabricated pipe nipple products production of the Company. He joined the Group as a deputy factory manager for standard prefabricated pipe nipple products production and section chief of the production department of Jinan Mech in August 2018, where he was responsible for factory production and management. He then became a factory manager for standard prefabricated pipe nipple products and section chief of the production department in December 2018. He was appointed as the Group's chief of standard prefabricated pipe nipple production in May 2019 and he is primarily responsible for the production management of production. Mr. Wang has over 20 years of experience in pipe and foundry industries. Prior to joining the Group, he was a planning worker at Meide from November 1999 to July 2018, and his last position at Meide was a section chief of the production department, where he was responsible for pipe manufacturing and production work. Mr. Wang graduated from Shandong Province Gongye School (currently known as Shandong Jianzhu University), the PRC, with a diploma in casting in July 1999. Upcoming Dividend • Jun 03
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 6.0%. Lower than top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (4.5%). Announcement • Jun 01
Maike Tube Industry Holdings Limited Approves Final Dividend for the Year Ended December 31, 2021 Maike Tube Industry Holdings Limited at its annual general meeting held on May 31, 2022, approved final dividend of 10 HK cents per ordinary share for the year ended December 31, 2021. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Executive Chairman of the Board Linglei Kong is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Xiaodong Ding was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 01
Maike Tube Industry Holdings Limited Announces Resignation of Xu Jianjun as Executive Director, with Effect from 1 April 2022 The board of directors of Maike Tube Industry Holdings Limited hereby announced that Mr. XU Jianjun has resigned as an executive Director with effect from 1 April 2022 due to his intention to devote more time to pursue other business opportunities. Reported Earnings • Mar 28
Full year 2021 earnings released Full year 2021 results: Revenue: CN¥1.78b (up 42% from FY 2020). Net income: CN¥116.0m (up 17% from FY 2020). Profit margin: 6.5% (down from 7.9% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to HK$1.50, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 5x in the Metals and Mining industry in Hong Kong. Negligible returns to shareholders over past year. Reported Earnings • Oct 01
First half 2021 earnings released: EPS CN¥0.14 (vs CN¥0.12 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥751.8m (up 40% from 1H 2020). Net income: CN¥62.9m (up 21% from 1H 2020). Profit margin: 8.4% (down from 9.6% in 1H 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 30
First half 2021 earnings released: EPS CN¥0.14 (vs CN¥0.12 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: CN¥751.8m (up 40% from 1H 2020). Net income: CN¥62.9m (up 21% from 1H 2020). Profit margin: 8.4% (down from 9.6% in 1H 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥1.77, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 10x in the Metals and Mining industry in Hong Kong. Total returns to shareholders of 3.1% over the past year. Announcement • Jun 01
Maike Tube Industry Holdings Limited Approves Final Dividend for the Year Ended 31 December 2020 Maike Tube Industry Holdings Limited's AGM has approved final dividend of 12 HK cents per ordinary share for the year ended 31 December 2020. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.27 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.26b (up 12% from FY 2019). Net income: CN¥99.5m (up 29% from FY 2019). Profit margin: 7.9% (up from 6.9% in FY 2019). The increase in margin was driven by higher revenue. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.27 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.26b (up 12% from FY 2019). Net income: CN¥99.5m (up 29% from FY 2019). Profit margin: 7.9% (up from 6.9% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Mar 06
Maike Tube Industry Holdings Limited to Report Fiscal Year 2020 Results on Mar 22, 2021 Maike Tube Industry Holdings Limited announced that they will report fiscal year 2020 results on Mar 22, 2021 Is New 90 Day High Low • Dec 22
New 90-day high: HK$1.64 The company is up 20% from its price of HK$1.37 on 23 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 41% over the same period.