Declared Dividend • May 20
Dividend increased to CN¥4.20 Dividend of CN¥4.20 is 9.1% higher than last year. Ex-date: 22nd May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 39% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 104% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 17
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥2.77 (up from CN¥2.73 in 1Q 2025). Revenue: CN¥5.36b (up 26% from 1Q 2025). Net income: CN¥422.7m (up 1.8% from 1Q 2025). Profit margin: 7.9% (down from 9.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 67%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Ankündigung • Apr 16
Zhejiang Cfmoto Power Co.,Ltd, Annual General Meeting, May 07, 2026 Zhejiang Cfmoto Power Co.,Ltd, Annual General Meeting, May 07, 2026, at 14:00 China Standard Time. Location: No. 16, Lvzhou Road, Linping Subdistrict, Linping District, Hangzhou, Zhejiang China Ankündigung • Mar 30
Zhejiang Cfmoto Power Co.,Ltd to Report Q1, 2026 Results on Apr 16, 2026 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q1, 2026 results on Apr 16, 2026 Ankündigung • Dec 26
Zhejiang Cfmoto Power Co.,Ltd to Report Fiscal Year 2025 Results on Apr 16, 2026 Zhejiang Cfmoto Power Co.,Ltd announced that they will report fiscal year 2025 results on Apr 16, 2026 Reported Earnings • Oct 17
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥2.71 (up from CN¥2.46 in 3Q 2024). Revenue: CN¥5.04b (up 29% from 3Q 2024). Net income: CN¥413.5m (up 11% from 3Q 2024). Profit margin: 8.2% (down from 9.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 30
Zhejiang Cfmoto Power Co.,Ltd to Report Q3, 2025 Results on Oct 17, 2025 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q3, 2025 results on Oct 17, 2025 Price Target Changed • Aug 16
Price target increased by 16% to CN¥269 Up from CN¥232, the current price target is an average from 4 analysts. New target price is 6.0% below last closing price of CN¥286. Stock is up 124% over the past year. The company is forecast to post earnings per share of CN¥11.49 for next year compared to CN¥9.74 last year. Reported Earnings • Aug 14
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥3.85 (up from CN¥2.86 in 2Q 2024). Revenue: CN¥5.60b (up 26% from 2Q 2024). Net income: CN¥586.7m (up 36% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥255, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Leisure industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥384 per share. Price Target Changed • Jul 01
Price target increased by 8.1% to CN¥232 Up from CN¥215, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥223. Stock is up 60% over the past year. The company is forecast to post earnings per share of CN¥11.96 for next year compared to CN¥9.74 last year. Ankündigung • Jun 30
Zhejiang Cfmoto Power Co.,Ltd to Report First Half, 2025 Results on Aug 12, 2025 Zhejiang Cfmoto Power Co.,Ltd announced that they will report first half, 2025 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥218, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Leisure industry in China. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥400 per share. New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Declared Dividend • May 22
Dividend increased to CN¥3.85 Dividend of CN¥3.85 is 85% higher than last year. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 2.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 44% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 16
First quarter 2025 earnings released: EPS: CN¥2.73 (vs CN¥1.84 in 1Q 2024) First quarter 2025 results: EPS: CN¥2.73 (up from CN¥1.84 in 1Q 2024). Revenue: CN¥4.25b (up 39% from 1Q 2024). Net income: CN¥415.2m (up 50% from 1Q 2024). Profit margin: 9.8% (in line with 1Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 16
Zhejiang Cfmoto Power Co.,Ltd, Annual General Meeting, May 07, 2025 Zhejiang Cfmoto Power Co.,Ltd, Annual General Meeting, May 07, 2025, at 14:00 China Standard Time. Location: No. 16, Lvzhou Road, Linping Subdistrict, Linping District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥155, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Leisure industry in China. Total returns to shareholders of 67% over the past three years. Ankündigung • Mar 28
Zhejiang Cfmoto Power Co.,Ltd to Report Q1, 2025 Results on Apr 16, 2025 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q1, 2025 results on Apr 16, 2025 Price Target Changed • Jan 24
Price target increased by 8.0% to CN¥195 Up from CN¥181, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥193. Stock is up 104% over the past year. The company is forecast to post earnings per share of CN¥9.31 for next year compared to CN¥6.70 last year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥177, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Leisure industry in China. Total returns to shareholders of 7.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥345 per share. Ankündigung • Dec 27
Zhejiang Cfmoto Power Co.,Ltd to Report Fiscal Year 2024 Results on Apr 16, 2025 Zhejiang Cfmoto Power Co.,Ltd announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥2.46 (up from CN¥1.67 in 3Q 2023). Revenue: CN¥3.92b (up 36% from 3Q 2023). Net income: CN¥372.5m (up 49% from 3Q 2023). Profit margin: 9.5% (in line with 3Q 2023). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Leisure industry in China. 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 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥164, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Leisure industry in China. Total returns to shareholders of 17% over the past three years. Ankündigung • Sep 30
Zhejiang Cfmoto Power Co.,Ltd to Report Q3, 2024 Results on Oct 18, 2024 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q3, 2024 results on Oct 18, 2024 Price Target Changed • Aug 21
Price target increased by 12% to CN¥172 Up from CN¥153, the current price target is an average from 4 analysts. New target price is 35% above last closing price of CN¥127. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥8.72 for next year compared to CN¥6.70 last year. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥2.86 (up from CN¥2.27 in 2Q 2023). Revenue: CN¥4.47b (up 23% from 2Q 2023). Net income: CN¥431.3m (up 26% from 2Q 2023). Profit margin: 9.7% (in line with 2Q 2023). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jul 31
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 7.1% 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 Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Ankündigung • Jun 28
Zhejiang Cfmoto Power Co.,Ltd to Report First Half, 2024 Results on Aug 16, 2024 Zhejiang Cfmoto Power Co.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024 Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥177, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Leisure industry in China. Total returns to shareholders of 30% over the past three years. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥6.70 (up from CN¥4.68 in FY 2022). Revenue: CN¥12.1b (up 6.4% from FY 2022). Net income: CN¥1.01b (up 44% from FY 2022). Profit margin: 8.3% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Apr 16
Zhejiang Cfmoto Power Co.,Ltd, Annual General Meeting, May 08, 2024 Zhejiang Cfmoto Power Co.,Ltd, Annual General Meeting, May 08, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Ankündigung • Mar 29
Zhejiang Cfmoto Power Co.,Ltd to Report Q1, 2024 Results on Apr 16, 2024 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q1, 2024 results on Apr 16, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥118, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Leisure industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥97.18, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Leisure industry in China. Total loss to shareholders of 41% over the past three years. Ankündigung • Dec 29
Zhejiang Cfmoto Power Co.,Ltd to Report Fiscal Year 2023 Results on Apr 16, 2024 Zhejiang Cfmoto Power Co.,Ltd announced that they will report fiscal year 2023 results on Apr 16, 2024 Valuation Update With 7 Day Price Move • Oct 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥106, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Leisure industry in China. Total loss to shareholders of 35% over the past three years. Price Target Changed • Oct 19
Price target decreased by 8.4% to CN¥171 Down from CN¥187, the current price target is an average from 4 analysts. New target price is 46% above last closing price of CN¥117. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥6.82 for next year compared to CN¥4.68 last year. Reported Earnings • Oct 18
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥1.67 (down from CN¥1.77 in 3Q 2022). Revenue: CN¥2.88b (down 23% from 3Q 2022). Net income: CN¥250.1m (down 5.5% from 3Q 2022). Profit margin: 8.7% (up from 7.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Ankündigung • Sep 30
Zhejiang Cfmoto Power Co.,Ltd to Report Q3, 2023 Results on Oct 19, 2023 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q3, 2023 results on Oct 19, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: CN¥2.27 (up from CN¥1.34 in 2Q 2022). Revenue: CN¥3.63b (up 37% from 2Q 2022). Net income: CN¥341.3m (up 70% from 2Q 2022). Profit margin: 9.4% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 28
Zhejiang Cfmoto Power Co.,Ltd to Report First Half, 2023 Results on Aug 18, 2023 Zhejiang Cfmoto Power Co.,Ltd announced that they will report first half, 2023 results on Aug 18, 2023 Price Target Changed • Apr 27
Price target increased by 13% to CN¥193 Up from CN¥171, the current price target is an average from 2 analysts. New target price is 39% above last closing price of CN¥139. Stock is up 28% over the past year. The company is forecast to post earnings per share of CN¥7.66 for next year compared to CN¥4.68 last year. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥143, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Leisure industry in China. Total returns to shareholders of 295% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥254 per share. Price Target Changed • Apr 14
Price target increased by 13% to CN¥193 Up from CN¥171, the current price target is an average from 2 analysts. New target price is 40% above last closing price of CN¥138. Stock is up 51% over the past year. The company is forecast to post earnings per share of CN¥7.66 for next year compared to CN¥4.68 last year. Reported Earnings • Apr 13
First quarter 2023 earnings released: EPS: CN¥1.40 (vs CN¥0.70 in 1Q 2022) First quarter 2023 results: EPS: CN¥1.40 (up from CN¥0.70 in 1Q 2022). Revenue: CN¥2.88b (up 27% from 1Q 2022). Net income: CN¥210.3m (up 100% from 1Q 2022). Profit margin: 7.3% (up from 4.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Leisure 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 increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Feb 10
Consensus revenue estimates increase by 14% The consensus outlook for fiscal year 2022 has been updated. 2022 revenue forecast increased from CN¥10.5b to CN¥11.9b. EPS estimate unchanged from CN¥5.25 at last update. Leisure industry in China expected to see average net income growth of 44% next year. Consensus price target of CN¥182 unchanged from last update. Share price was steady at CN¥128 over the past week. Board Change • Nov 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Director Zhang Jie is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: CN¥1.77 (up from CN¥0.74 in 3Q 2021). Revenue: CN¥3.73b (up 79% from 3Q 2021). Net income: CN¥264.5m (up 167% from 3Q 2021). Profit margin: 7.1% (up from 4.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥4.31 to CN¥5.30. Revenue forecast unchanged at CN¥10.6b. Net income forecast to grow 75% next year vs 51% growth forecast for Leisure industry in China. Consensus price target up from CN¥137 to CN¥156. Share price rose 4.1% to CN¥162 over the past week. Reported Earnings • Aug 24
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: EPS: CN¥1.34 (up from CN¥0.96 in 2Q 2021). Revenue: CN¥2.64b (up 29% from 2Q 2021). Net income: CN¥200.4m (up 60% from 2Q 2021). Profit margin: 7.6% (up from 6.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 30%, compared to a 29% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥152, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Leisure industry in China. Total returns to shareholders of 675% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥117, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Leisure industry in China. Total returns to shareholders of 442% over the past three years. Price Target Changed • Apr 27
Price target decreased to CN¥138 Down from CN¥186, the current price target is an average from 4 analysts. New target price is 27% above last closing price of CN¥108. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥4.26 for next year compared to CN¥3.01 last year. Major Estimate Revision • Apr 27
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥11.3b to CN¥10.7b. EPS estimate also fell from CN¥5.13 per share to CN¥4.26 per share. Net income forecast to grow 74% next year vs 40% growth forecast for Leisure industry in China. Consensus price target down from CN¥186 to CN¥138. Share price rose 6.7% to CN¥108 over the past week. Major Estimate Revision • Apr 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥5.13 to CN¥4.58 per share. Revenue forecast steady at CN¥11.2b. Net income forecast to grow 74% next year vs 39% growth forecast for Leisure industry in China. Consensus price target down from CN¥186 to CN¥152. Share price rose 8.2% to CN¥101 over the past week. Reported Earnings • Apr 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.70. Revenue: CN¥2.26b (up 45% from 1Q 2021). Net income: CN¥105.4m (up 10% from 1Q 2021). Profit margin: 4.7% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 32%, compared to a 30% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥101, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Leisure industry in China. Total returns to shareholders of 345% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.74 (vs CN¥0.93 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥2.08b (up 53% from 3Q 2020). Net income: CN¥98.9m (down 19% from 3Q 2020). Profit margin: 4.8% (down from 9.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥146, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 26x in the Leisure industry in China. Total returns to shareholders of 811% over the past three years. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.96 (vs CN¥0.89 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.05b (up 77% from 2Q 2020). Net income: CN¥125.5m (up 8.0% from 2Q 2020). Profit margin: 6.1% (down from 10.0% in 2Q 2020). 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 increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥120, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 26x in the Leisure industry in China. Total returns to shareholders of 673% over the past three years. Price Target Changed • Aug 10
Price target decreased to CN¥181 Down from CN¥198, the current price target is an average from 3 analysts. New target price is 55% above last closing price of CN¥117. Stock is up 14% over the past year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥109, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the Leisure industry in China. Total returns to shareholders of 494% over the past three years. Price Target Changed • Apr 20
Price target decreased to CN¥184 Down from CN¥198, the current price target is an average from 3 analysts. New target price is 24% above last closing price of CN¥149. Stock is up 301% over the past year. Major Estimate Revision • Apr 20
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CN¥5.97b to CN¥7.05b. EPS estimate fell from CN¥3.80 to CN¥3.44. Net income forecast to grow 28% next year vs 29% growth forecast for Leisure industry in China. Consensus price target down from CN¥198 to CN¥184. Share price rose 3.7% to CN¥149 over the past week. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥150, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 23x in the Leisure industry in China. Total returns to shareholders of 509% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥244 per share. Reported Earnings • Apr 13
First quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.44 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.56b (up 151% from 1Q 2020). Net income: CN¥95.6m (up 65% from 1Q 2020). Profit margin: 6.1% (down from 9.3% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 17
Zhejiang Cfmoto Power Co.,Ltd announced that it expects to receive CNY 1.7270082 billion in funding Zhejiang Cfmoto Power Co.,Ltd (SHSE:603129) announced a private placement of A-shares for gross proceeds of up to CNY 1,727,008,200 on March 15, 2021.The transaction was approved at the 22nd meeting of the 4th board of directors of the company. The transaction is subject to shareholders' approval and approval from China Securities Regulatory Commission. The shares shall not be transferred within six months from the end of the issuance. The total number of investors in this deal shall not exceed 35 in number. The issue price shall not go lower than 80% of the average price of the shares of the company 20 trading days prior to the first day of issuance. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥142, the stock is trading at a trailing P/E ratio of 54.9x, down from the previous P/E ratio of 64.8x. This compares to an average P/E of 31x in the Leisure industry in China. Total returns to shareholders over the past three years are 549%. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥146, the stock is trading at a trailing P/E ratio of 56.2x, down from the previous P/E ratio of 72.8x. This compares to an average P/E of 29x in the Leisure industry in China. Total returns to shareholders over the past three years are 538%. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥189, the stock is trading at a trailing P/E ratio of 72.7x, up from the previous P/E ratio of 62.4x. This compares to an average P/E of 28x in the Leisure industry in China. Total returns to shareholders over the past three years are 638%. Is New 90 Day High Low • Jan 14
New 90-day high: CN¥186 The company is up 21% from its price of CN¥154 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥198 per share. Is New 90 Day High Low • Dec 24
New 90-day high: CN¥182 The company is up 36% from its price of CN¥134 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥198 per share. Is New 90 Day High Low • Oct 30
New 90-day high: CN¥170 The company is up 74% from its price of CN¥97.20 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥172 per share. Major Estimate Revision • Oct 29
Analysts increase EPS estimates to CN¥2.57 The 2020 consensus revenue estimate increased from CN¥4.00b to CN¥4.16b. The earnings per share estimate also received an upgrade from CN¥2.16 to CN¥2.57 for the same period. Net income is expected to grow by 32% next year compared to 32% growth forecast for the Leisure industry in China. The consensus price target of CN¥181 was unchanged from the last update. Share price is up 3.9% to CN¥167 over the past week. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥336.4m, up 105% from the prior year. Total revenue was CN¥4.00b over the last 12 months, up 30% from the prior year. Ankündigung • Oct 19
Zhejiang Cfmoto Power Co.,Ltd to Report Q3, 2020 Results on Oct 23, 2020 Zhejiang Cfmoto Power Co.,Ltd announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥147 The company is up 57% from its price of CN¥93.62 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥101 per share. Ankündigung • Jul 10
Zhejiang Cfmoto Power Co.,Ltd to Report First Half, 2020 Results on Aug 27, 2020 Zhejiang Cfmoto Power Co.,Ltd announced that they will report first half, 2020 results on Aug 27, 2020