Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥13.47, the stock trades at a trailing P/E ratio of 77.5x. Average trailing P/E is 42x in the Machinery industry in China. Total returns to shareholders of 97% over the past three years. New Risk • Jul 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 173% Cash payout ratio: 207% Earnings have declined by 17% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Ankündigung • Jun 30
IFE Elevators Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 IFE Elevators Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥13.00, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 55x in the Machinery industry in China. Total returns to shareholders of 94% over the past three years. Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.39 in FY 2024) Full year 2025 results: EPS: CN¥0.21 (down from CN¥0.39 in FY 2024). Revenue: CN¥1.46b (down 7.7% from FY 2024). Net income: CN¥71.7m (down 46% from FY 2024). Profit margin: 4.9% (down from 8.4% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Ankündigung • Apr 22
IFE Elevators Co., Ltd., Annual General Meeting, May 13, 2026 IFE Elevators Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Ankündigung • Mar 31
IFE Elevators Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 IFE Elevators Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Jan 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 122% Dividend per share is over 7x cash flows per share. Earnings have declined by 2.9% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥11.23, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 50x in the Machinery industry in China. Total returns to shareholders of 96% over the past three years. Ankündigung • Dec 31
IFE Elevators Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 IFE Elevators Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.18, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 50x in the Machinery industry in China. Total returns to shareholders of 90% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.053 (vs CN¥0.076 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.053 (down from CN¥0.076 in 3Q 2024). Revenue: CN¥326.5m (down 22% from 3Q 2024). Net income: CN¥18.0m (down 29% from 3Q 2024). Profit margin: 5.5% (down from 6.1% 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 11% per year whereas the company’s share price has increased by 13% per year. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 1.7% 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: 114% Paying a dividend despite having no free cash flows. Earnings have declined by 1.7% per year over the past 5 years. Ankündigung • Sep 30
IFE Elevators Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 IFE Elevators Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Dividend per share is over 6x cash flows per share. High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥10.25, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 44x in the Machinery industry in China. Total returns to shareholders of 51% over the past three years. Ankündigung • Jul 02
IFE Elevators Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 IFE Elevators Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.087 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.033 (down from CN¥0.087 in 1Q 2024). Revenue: CN¥267.1m (down 24% from 1Q 2024). Net income: CN¥11.2m (down 62% from 1Q 2024). Profit margin: 4.2% (down from 8.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Declared Dividend • Apr 28
Dividend reduced to CN¥0.36 Dividend of CN¥0.36 is 10% lower than last year. Ex-date: 7th May 2025 Payment date: 7th May 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio) and 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 27% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.7% to bring the payout ratio under control, which is less than the 45% EPS growth achieved over the last 5 years. Ankündigung • Apr 23
IFE Elevators Co., Ltd. Approves Cash Dividend for the Year 2024 IFE Elevators Co., Ltd. at its Annual General Meeting held on 18 April 2025, approved cash dividend/10 shares (tax included) of CNY 3.60000000 for the year 2024. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥6.77, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 35x in the Machinery industry in China. Total loss to shareholders of 11% over the past three years. Ankündigung • Mar 31
IFE Elevators Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 IFE Elevators Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.43 in FY 2023) Full year 2024 results: EPS: CN¥0.39 (down from CN¥0.43 in FY 2023). Revenue: CN¥1.58b (down 4.9% from FY 2023). Net income: CN¥132.4m (down 8.5% from FY 2023). Profit margin: 8.4% (down from 8.7% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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. Ankündigung • Mar 26
IFE Elevators Co., Ltd., Annual General Meeting, Apr 18, 2025 IFE Elevators Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Buy Or Sell Opportunity • Feb 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.6% to CN¥7.54. The fair value is estimated to be CN¥6.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 24%. Ankündigung • Dec 31
IFE Elevators Co., Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2025 IFE Elevators Co., Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2025 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥8.76, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Dec 02
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to CN¥8.76. The fair value is estimated to be CN¥6.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.076 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥416.1m (down 10% from 3Q 2023). Net income: CN¥25.5m (down 37% from 3Q 2023). Profit margin: 6.1% (down from 8.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 30
IFE Elevators Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 IFE Elevators Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥6.54, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 20% over the past three years. Ankündigung • Sep 25
Meicheng Digital Technology (Guangzhou) Co., Ltd. agreed to acquire 9% stake in Meihao Existing Buildings Elevator (Guangzhou) Co., Ltd. from IFE Elevators Co., Ltd. (SZSE:002774) for CNY 0.9 million. Meicheng Digital Technology (Guangzhou) Co., Ltd. agreed to acquire 9% stake in Meihao Existing Buildings Elevator (Guangzhou) Co., Ltd. from IFE Elevators Co., Ltd. (SZSE:002774) for CNY 0.9 million on September 10, 2024. A cash consideration of CNY 0.9 million will be paid by Meicheng Digital Technology (Guangzhou) Co., Ltd. Buy Or Sell Opportunity • Sep 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to CN¥5.58. The fair value is estimated to be CN¥7.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 32%. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.091 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥350.7m (down 25% from 2Q 2023). Net income: CN¥30.6m (down 30% from 2Q 2023). Profit margin: 8.7% (down from 9.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Board Change • Jul 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. GM & Director Aiming Luo is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Jun 29
IFE Elevators Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 IFE Elevators Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Ankündigung • Jun 06
IFE Elevators Co., Ltd. Announces Board Appointments IFE Elevators Co., Ltd. held its 1st Extraordinary General Meeting of 2024 on 03 June 2024, were approved Lei Zihao, non-independent director, Cheng Wei'an, non-independent director and Qiu Limian, non-independent director, Chao Shanglun, independent director, Chen Wenjian, independent director, Chen Lihua, independent director, Xie Yulan, non-employee supervisor and He Yingping, non-employee supervisor. Buy Or Sell Opportunity • May 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to CN¥6.98. The fair value is estimated to be CN¥5.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%. Declared Dividend • May 10
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 60% higher than last year. Ex-date: 15th May 2024 Payment date: 15th May 2024 Dividend yield will be 5.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (83% earnings payout ratio) but not covered by cash flows (365% cash payout ratio). The dividend has increased by an average of 35% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.035 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.087 (up from CN¥0.035 in 1Q 2023). Revenue: CN¥349.8m (up 31% from 1Q 2023). Net income: CN¥29.1m (up 144% from 1Q 2023). Profit margin: 8.3% (up from 4.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 29
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at CN¥7.11. The fair value is estimated to be CN¥5.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 13%. Board Change • Apr 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Wei Yao was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Apr 09
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to CN¥7.08. The fair value is estimated to be CN¥5.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has declined by 13%. Ankündigung • Apr 02
IFE Elevators Co., Ltd., Annual General Meeting, Apr 23, 2024 IFE Elevators Co., Ltd., Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.22 in FY 2022) Full year 2023 results: EPS: CN¥0.43 (up from CN¥0.22 in FY 2022). Revenue: CN¥1.66b (up 13% from FY 2022). Net income: CN¥144.7m (up 92% from FY 2022). Profit margin: 8.7% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Ankündigung • Mar 30
IFE Elevators Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 IFE Elevators 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 21% After last week's 21% share price decline to CN¥6.05, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 22% over the past three years. Ankündigung • Dec 29
IFE Elevators Co., Ltd. to Report Fiscal Year 2023 Results on Apr 02, 2024 IFE Elevators 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¥0.12 (vs CN¥0.077 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.077 in 3Q 2022). Revenue: CN¥464.6m (up 21% from 3Q 2022). Net income: CN¥40.3m (up 55% from 3Q 2022). Profit margin: 8.7% (up from 6.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.055 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.055 in 2Q 2022). Revenue: CN¥466.5m (up 20% from 2Q 2022). Net income: CN¥43.7m (up 133% from 2Q 2022). Profit margin: 9.4% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • May 17
Ife Elevators Co., Ltd. Announces Cash Dividend A Shares for 2022, Payable on 23 May 2023 IFE Elevators Co., Ltd. announced Cash dividend/10 shares (tax included) of CNY 2.50000000 on A Shares. Record date: 22 May 2023, Ex-date: 23 May 2023, Payment date is 23 May 2023. Reported Earnings • Apr 10
Full year 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.83 in FY 2021) Full year 2022 results: EPS: CN¥0.22 (down from CN¥0.83 in FY 2021). Revenue: CN¥1.47b (down 26% from FY 2021). Net income: CN¥75.6m (down 73% from FY 2021). Profit margin: 5.1% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Nov 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be CN¥8.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 56%. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Wei Yao was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.077 (vs CN¥0.031 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.077 (up from CN¥0.031 in 3Q 2021). Revenue: CN¥382.8m (up 17% from 3Q 2021). Net income: CN¥26.0m (up 148% from 3Q 2021). Profit margin: 6.8% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.89, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 34x in the Machinery industry in China. Total returns to shareholders of 8.2% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.055 (vs CN¥0.78 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.055 (down from CN¥0.78 in 2Q 2021). Revenue: CN¥387.6m (down 62% from 2Q 2021). Net income: CN¥18.7m (down 93% from 2Q 2021). Profit margin: 4.8% (down from 26% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.64, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 34x in the Machinery industry in China. Total loss to shareholders of 3.5% over the past three years. Ankündigung • Jun 16
IFE Elevators Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 22, 2022 IFE Elevators Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares), Payable on June 22, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 7.00000000. The record date is June 21, 2022 and Ex-date is June 22, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.02 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.009 (up from CN¥0.02 loss in 1Q 2021). Revenue: CN¥254.6m (up 35% from 1Q 2021). Net income: CN¥3.12m (up CN¥10.0m from 1Q 2021). Profit margin: 1.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Wei Yao was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.83 (vs CN¥0.093 in FY 2020) Full year 2021 results: EPS: CN¥0.83 (up from CN¥0.093 in FY 2020). Revenue: CN¥1.98b (up 111% from FY 2020). Net income: CN¥280.8m (up CN¥249.5m from FY 2020). Profit margin: 14% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.47, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 2.7% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.71, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 1.1% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.031 (vs CN¥0.009 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥327.8m (up 47% from 3Q 2020). Net income: CN¥10.5m (up 261% from 3Q 2020). Profit margin: 3.2% (up from 1.3% 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 66% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 41% share price gain to CN¥11.32, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 6.1% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.78 (vs CN¥0.06 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.01b (up 258% from 2Q 2020). Net income: CN¥261.5m (up CN¥241.6m from 2Q 2020). Profit margin: 26% (up from 7.0% 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 37% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.69, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 33x in the Machinery industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.02 loss per share (vs CN¥0.054 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥189.3m (up 111% from 1Q 2020). Net loss: CN¥6.90m (loss narrowed 62% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 08
Full year 2020 earnings released: EPS CN¥0.093 (vs CN¥0.061 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥939.3m (up 14% from FY 2019). Net income: CN¥31.2m (up 51% from FY 2019). Profit margin: 3.3% (up from 2.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 24
IFE Elevators Co., Ltd. to Report Fiscal Year 2020 Results on Apr 08, 2021 IFE Elevators Co., Ltd. announced that they will report fiscal year 2020 results on Apr 08, 2021 Is New 90 Day High Low • Jan 13
New 90-day low: CN¥5.46 The company is down 23% from its price of CN¥7.13 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 24
New 90-day low: CN¥6.23 The company is down 16% from its price of CN¥7.38 on 25 September 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 6.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥6.74 The company is down 6.0% from its price of CN¥7.14 on 10 September 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 6.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥6.82 The company is down 11% from its price of CN¥7.70 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is down 2.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥24.2m, down 46% from the prior year. Total revenue was CN¥901.8m over the last 12 months, up 4.9% from the prior year. Ankündigung • Aug 11
IFE Elevators Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 IFE Elevators Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020