New Risk • Jul 24
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 10.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 52% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10.0% average weekly change). Annonce • Jun 30
PNC Process Systems Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 PNC Process Systems Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Reported Earnings • May 01
Full year 2025 earnings released: CN¥2.02 loss per share (vs CN¥0.062 profit in FY 2024) Full year 2025 results: CN¥2.02 loss per share (down from CN¥0.062 profit in FY 2024). Revenue: CN¥2.85b (down 21% from FY 2024). Net loss: CN¥776.8m (down CN¥800.4m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Annonce • Apr 30
PNC Process Systems Co., Ltd., Annual General Meeting, Jun 09, 2026 PNC Process Systems Co., Ltd., Annual General Meeting, Jun 09, 2026, at 14:30 China Standard Time. Location: No. 170, Zihai Road, Minhang District, Shanghai China Annonce • Mar 30
PNC Process Systems Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 PNC Process Systems Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Jan 08
New major risk - Revenue and earnings growth Earnings have declined by 17% 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 Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 17% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Annonce • Dec 26
PNC Process Systems Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 PNC Process Systems Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.31 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.31 in 3Q 2024). Revenue: CN¥758.9m (down 32% from 3Q 2024). Net income: CN¥45.4m (down 62% from 3Q 2024). Profit margin: 6.0% (down from 11% in 3Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 52% 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. New Risk • Oct 15
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 Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Annonce • Sep 30
PNC Process Systems Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 PNC Process Systems Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Annonce • Jun 30
PNC Process Systems Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 PNC Process Systems Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.027 (vs CN¥0.17 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.027 (down from CN¥0.17 in 1Q 2024). Revenue: CN¥727.7m (down 10% from 1Q 2024). Net income: CN¥19.0m (down 70% from 1Q 2024). Profit margin: 2.6% (down from 7.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥25.07, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 38x in the Machinery industry in China. Total loss to shareholders of 2.7% over the past three years. Annonce • Apr 29
PNC Process Systems Co., Ltd., Annual General Meeting, Jun 16, 2025 PNC Process Systems Co., Ltd., Annual General Meeting, Jun 16, 2025, at 14:30 China Standard Time. Annonce • Mar 28
PNC Process Systems Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 PNC Process Systems Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥31.24, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 42x in the Machinery industry in China. Total returns to shareholders of 1.1% over the past three years. Annonce • Dec 27
PNC Process Systems Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 PNC Process Systems Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥27.87, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 32% over the past three years. Annonce • Oct 29
PNC Process Systems Co., Ltd. (SHSE:603690) announces an Equity Buyback for 4,754,800 shares, representing 1.23% of its issued share capital. PNC Process Systems Co., Ltd. (SHSE:603690) announces a share repurchase program. Under the program, the company will repurchase up to 4,754,800 shares, representing 1.23% of it's share capital. The shares will be purchased at a price not exceeding CNY 33.65 per share. The repurchased shares will be used for equity incentive plans otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations, Reduction of registered capital, Used to convert company convertible bonds and To protect the company's value and shareholders' rights. Repurchases will be funded using Special loans and own funds provided by Shanghai Branch of Industrial Bank Co., Ltd. The program is valid till October 28 , 2025. Annonce • Sep 30
PNC Process Systems Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 PNC Process Systems Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥20.45, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 49% over the past three years. Annonce • Sep 12
PNC Process Systems Co., Ltd. (SHSE:603690) announces an Equity Buyback for 2,036,700 shares, representing 0.53% for CNY 60 million. PNC Process Systems Co., Ltd. (SHSE:603690) announces a share repurchase program. Under the program, the company will repurchase up to 2,036,700 shares, representing 0.53% of it's share capital for CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 29.46 per share. The purpose of the program is to improve the company's long-term incentive mechanism and interest-sharing mechanism, fully mobilize the enthusiasm of the company's employees, attract and retain outstanding talents, enhance corporate cohesion and core competitiveness, and promote the company's healthy and sustainable development. The repurchased shares will be used for equity incentive plans otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from self-owned funds or other legal funds. The program will be valid till September 10, 2025. As of September 9, 2024, the company has 386,248,570 shares issued and outstanding. Annonce • Jun 28
PNC Process Systems Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 PNC Process Systems Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Annonce • May 01
PNC Process Systems Co., Ltd., Annual General Meeting, Jun 24, 2024 PNC Process Systems Co., Ltd., Annual General Meeting, Jun 24, 2024, at 14:30 China Standard Time. Location: No. 170, Zihai Road, Minhang District, Shanghai China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2023). Revenue: CN¥811.4m (up 3.5% from 1Q 2023). Net income: CN¥63.6m (up 1.4% from 1Q 2023). Profit margin: 7.8% (down from 8.0% in 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Annonce • Mar 29
PNC Process Systems Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 PNC Process Systems Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Annonce • Dec 29
PNC Process Systems Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 PNC Process Systems Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Nov 04
Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.21 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.23 (up from CN¥0.21 in 3Q 2022). Revenue: CN¥718.9m (down 11% from 3Q 2022). Net income: CN¥87.3m (up 7.4% from 3Q 2022). Profit margin: 12% (up from 10% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.17. Revenue: CN¥695.6m (up 22% from 2Q 2022). Net income: CN¥46.1m (down 23% from 2Q 2022). Profit margin: 6.6% (down from 10% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Annonce • Aug 22
PNC Process Systems Co., Ltd. (SHSE:603690) announces an Equity Buyback for CNY 60 million worth of its shares. PNC Process Systems Co., Ltd. (SHSE:603690) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The repurchase program is valid for 6 months. Annonce • Jun 28
PNC Process Systems Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 PNC Process Systems Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 09
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.89. Revenue: CN¥3.05b (up 46% from FY 2021). Net income: CN¥282.4m (flat on FY 2021). Profit margin: 9.3% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Board Change • Dec 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. 3 highly experienced directors. Deputy GM, R&D Director and Director Hai Wu is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. Chairman of Supervisory Board and Managing Accounting Manager Li Jing Sun was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥45.73, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 91% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.12 in 3Q 2021). Revenue: CN¥805.6m (up 123% from 3Q 2021). Net income: CN¥81.3m (up 116% from 3Q 2021). Profit margin: 10% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥32.74, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥46.26, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 149% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.069 (down from CN¥0.24 in 1Q 2021). Revenue: CN¥547.7m (up 137% from 1Q 2021). Net income: CN¥21.9m (down 71% from 1Q 2021). Profit margin: 4.0% (down from 32% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 45%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. Chairman of Supervisory Board and Managing Accounting Manager Li Jing Sun was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥59.92, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 232% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.20 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¥362.0m (up 52% from 3Q 2020). Net income: CN¥37.7m (down 28% from 3Q 2020). Profit margin: 10% (down from 22% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥50.35, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 165% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥689.4m (up 69% from 2Q 2020). Net income: CN¥75.5m (up 67% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥54.23, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 34x in the Machinery industry in China. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥59.01, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 141% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥46.60, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥36.00, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 15% over the past year. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥1.01 (vs CN¥0.46 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.40b (up 42% from FY 2019). Net income: CN¥260.6m (up 136% from FY 2019). Profit margin: 19% (up from 11% in FY 2019). Is New 90 Day High Low • Mar 09
New 90-day low: CN¥31.66 The company is down 16% from its price of CN¥37.80 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is flat over the same period. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥32.41 The company is down 10.0% from its price of CN¥35.99 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥36.78, the stock is trading at a trailing P/E ratio of 79.1x, down from the previous P/E ratio of 98.3x. This compares to an average P/E of 33x in the Machinery industry in China. Total returns to shareholders over the past three years are 153%. Is New 90 Day High Low • Jan 15
New 90-day high: CN¥45.10 The company is up 23% from its price of CN¥36.75 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥42.10 The company is up 15% from its price of CN¥36.49 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: CN¥38.70 The company is up 4.0% from its price of CN¥37.10 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Machinery industry, which is also up 4.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥118.1m, up 48% from the prior year. Total revenue was CN¥1.13b over the last 12 months, up 17% from the prior year. Annonce • Oct 29
PNC Process Systems Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 PNC Process Systems Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 24
New 90-day low: CN¥32.82 The company is down 26% from its price of CN¥44.53 on 24 July 2020. The Chinese market is up 2.0% 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 • Sep 24
New 90-day low: CN¥36.49 The company is down 11% from its price of CN¥41.16 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 18% over the same period. Annonce • Aug 19
PNC Process Systems Co., Ltd. announced a financing transaction PNC Process Systems Co., Ltd. (SHSE:603690) announced a private placement of A shares on August 17, 2020. The transaction has been approved in the 28th meeting of the third board of supervisors. Annonce • Jul 18
PNC Process Systems Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 PNC Process Systems Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020