Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥16.75, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total loss to shareholders of 31% over the past three years. New Risk • Jul 01
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 8.8% 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 Earnings have declined by 16% per year over the past 5 years. 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 (8.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥20.61, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 35x in the Metals and Mining industry in China. Total loss to shareholders of 22% over the past three years. Annonce • Jun 30
Suzhou Mingzhi Technology Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Suzhou Mingzhi Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Declared Dividend • Jun 21
Dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 5.7% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 4.9% to shift the payout ratio to a potentially unsustainable range, which is less than the 17% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.45, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 37x in the Metals and Mining industry in China. Total loss to shareholders of 26% over the past three years. New Risk • May 05
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 8.0% 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 Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.03 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.03 (down from CN¥0.11 in 1Q 2025). Revenue: CN¥119.9m (up 2.3% from 1Q 2025). Net income: CN¥3.21m (down 76% from 1Q 2025). Profit margin: 2.7% (down from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Apr 25
Suzhou Mingzhi Technology Co., Ltd., Annual General Meeting, May 22, 2026 Suzhou Mingzhi Technology Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: No. 1999, Tongxiao West Road, Tongli Town, Wujiang District, Suzhou, Jiangsu China Annonce • Mar 30
Suzhou Mingzhi Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Suzhou Mingzhi Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥21.96, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 40x in the Metals and Mining industry in China. Total loss to shareholders of 14% over the past three years. New Risk • Feb 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Annonce • Dec 26
Suzhou Mingzhi Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Suzhou Mingzhi Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.087 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.005 (down from CN¥0.087 in 3Q 2024). Revenue: CN¥117.7m (down 16% from 3Q 2024). Net income: CN¥545.0k (down 95% from 3Q 2024). Profit margin: 0.5% (down from 7.4% in 3Q 2024). 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. Annonce • Sep 30
Suzhou Mingzhi Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Suzhou Mingzhi Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Buy Or Sell Opportunity • Sep 23
Now 22% undervalued Over the last 90 days, the stock has risen 4.6% to CN¥18.68. The fair value is estimated to be CN¥23.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Annonce • Jun 30
Suzhou Mingzhi Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Suzhou Mingzhi Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.13 in 1Q 2024). Revenue: CN¥117.2m (down 4.0% from 1Q 2024). Net income: CN¥13.2m (down 20% from 1Q 2024). Profit margin: 11% (down from 14% 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 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Apr 29
Suzhou Mingzhi Technology Co., Ltd., Annual General Meeting, May 23, 2025 Suzhou Mingzhi Technology Co., Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥14.75, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total loss to shareholders of 31% over the past three years. Annonce • Mar 28
Suzhou Mingzhi Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Suzhou Mingzhi Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: CN¥0.53 (vs CN¥0.12 in FY 2023) Full year 2024 results: EPS: CN¥0.53 (up from CN¥0.12 in FY 2023). Revenue: CN¥632.0m (up 19% from FY 2023). Net income: CN¥66.0m (up 350% from FY 2023). Profit margin: 10% (up from 2.7% in FY 2023). 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 14% per year, which means it has not declined as severely as earnings. Annonce • Dec 27
Suzhou Mingzhi Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Suzhou Mingzhi Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥19.66, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.075 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.087 (up from CN¥0.075 loss in 3Q 2023). Revenue: CN¥139.4m (up 22% from 3Q 2023). Net income: CN¥10.2m (up CN¥20.2m from 3Q 2023). Profit margin: 7.4% (up from net loss in 3Q 2023). 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 11% per year, which means it has not declined as severely as earnings. Annonce • Sep 30
Suzhou Mingzhi Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Suzhou Mingzhi Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥16.52, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 24x in the Metals and Mining industry in China. Total loss to shareholders of 29% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.006 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.006 loss in 2Q 2023). Revenue: CN¥173.6m (up 40% from 2Q 2023). Net income: CN¥26.2m (up CN¥26.9m from 2Q 2023). Profit margin: 15% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Annonce • Jun 28
Suzhou Mingzhi Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Suzhou Mingzhi Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.30 in FY 2022). Revenue: CN¥533.5m (down 13% from FY 2022). Net income: CN¥14.7m (down 60% from FY 2022). Profit margin: 2.7% (down from 6.0% in FY 2022). New Risk • Apr 16
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 308% Dividend per share is over 97x cash flows per share. Dividend yield: 3.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 308% Dividend per share is over 97x cash flows per share. Earnings have declined by 16% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.9% net profit margin). Annonce • Apr 13
Suzhou Mingzhi Technology Co., Ltd., Annual General Meeting, May 17, 2024 Suzhou Mingzhi Technology Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Annonce • Mar 29
Suzhou Mingzhi Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Suzhou Mingzhi Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.30 in FY 2022) Full year 2023 results: EPS: CN¥0.13 (down from CN¥0.30 in FY 2022). Revenue: CN¥534.8m (down 13% from FY 2022). Net income: CN¥15.6m (down 58% from FY 2022). Profit margin: 2.9% (down from 6.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. New Risk • Feb 08
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 7.9% 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 Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Buying Opportunity • Jan 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥21.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 62%. Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.075 loss per share (vs CN¥0.13 profit in 3Q 2022) Third quarter 2023 results: CN¥0.075 loss per share (down from CN¥0.13 profit in 3Q 2022). Revenue: CN¥114.2m (down 31% from 3Q 2022). Net loss: CN¥9.90m (down 165% from profit in 3Q 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Reported Earnings • Aug 18
Second quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.069 loss in 2Q 2022) Second quarter 2023 results: CN¥0.006 loss per share (improved from CN¥0.069 loss in 2Q 2022). Revenue: CN¥123.8m (up 2.6% from 2Q 2022). Net loss: CN¥641.4k (loss narrowed 93% from 2Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. New Risk • Jul 14
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 Earnings have declined by 0.2% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (5.7% net profit margin). Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥1.12 in FY 2021) Full year 2022 results: EPS: CN¥0.30 (down from CN¥1.12 in FY 2021). Revenue: CN¥612.7m (down 14% from FY 2021). Net income: CN¥37.0m (down 70% from FY 2021). Profit margin: 6.0% (down from 17% in FY 2021). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.30 (vs CN¥1.12 in FY 2021) Full year 2022 results: EPS: CN¥0.30 (down from CN¥1.12 in FY 2021). Revenue: CN¥613.2m (down 14% from FY 2021). Net income: CN¥36.0m (down 71% from FY 2021). Profit margin: 5.9% (down from 17% in FY 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥29.31, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total loss to shareholders of 4.4% over the past year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 37% share price gain to CN¥41.75, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 49% over the past year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.15 in 3Q 2021). Revenue: CN¥179.6m (up 14% from 3Q 2021). Net income: CN¥18.4m (up 5.3% from 3Q 2021). Profit margin: 10% (in line with 3Q 2021). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥26.81, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total returns to shareholders of 5.4% over the past year. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥22.97, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total loss to shareholders of 4.6% over the past year. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 25% share price decline to CN¥23.55, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 24% over the past year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.069 loss per share (vs CN¥0.16 profit in 2Q 2021) Second quarter 2022 results: CN¥0.069 loss per share (down from CN¥0.16 profit in 2Q 2021). Revenue: CN¥120.7m (down 23% from 2Q 2021). Net loss: CN¥8.80m (down 148% from profit in 2Q 2021). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥28.20, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 31x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past year. Buying Opportunity • Jul 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.7%. The fair value is estimated to be CN¥25.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last year. Earnings per share has declined by 35%. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥23.74, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total loss to shareholders of 9.4% over the past year. Buying Opportunity • Jun 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be CN¥25.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last year. Earnings per share has declined by 35%. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥22.01, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total loss to shareholders of 29% over the past year. Annonce • May 28
Suzhou Mingzhi Technology Co., Ltd. (SHSE:688355) announces an Equity Buyback for CNY 60 million worth of its shares. Suzhou Mingzhi Technology Co., Ltd. (SHSE:688355) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 27.51 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The company will use its own funds to repurchase its shares. The program will be valid for a period of 12 months. Buying Opportunity • May 24
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be CN¥25.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last year. Earnings per share has declined by 35%. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS: CN¥1.12 (vs CN¥1.28 in FY 2020) Full year 2021 results: EPS: CN¥1.12. Revenue: CN¥713.8m (up 17% from FY 2020). Net income: CN¥123.4m (up 4.8% from FY 2020). Profit margin: 17% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥18.00, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 25x in the Metals and Mining industry in China. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.71 (down from CN¥1.28 in FY 2020). Revenue: CN¥718.1m (up 17% from FY 2020). Net income: CN¥123.2m (up 4.6% from FY 2020). Profit margin: 17% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥30.95, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 28x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥33.44, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 31x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥31.48, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 30x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥33.43, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 30x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥28.42, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 32x in the Machinery industry in China. 
