Reported Earnings • 22h
Second quarter 2026 earnings released: CN¥0.44 loss per share (vs CN¥0.028 profit in 2Q 2025) Second quarter 2026 results: CN¥0.44 loss per share (down from CN¥0.028 profit in 2Q 2025). Revenue: CN¥1.49b (down 2.9% from 2Q 2025). Net loss: CN¥136.1m (down CN¥145.4m from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annuncio • Jun 30
Wencan Group Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Wencan Group Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥1.11 loss per share (down from CN¥0.41 profit in FY 2024). Revenue: CN¥5.91b (down 5.4% from FY 2024). Net loss: CN¥348.0m (down 402% from profit in FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Annuncio • Apr 29
Wencan Group Co., Ltd., Annual General Meeting, May 19, 2026 Wencan Group Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Annuncio • Mar 30
Wencan Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Wencan Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Price Target Changed • Feb 27
Price target increased by 8.4% to CN¥22.50 Up from CN¥20.75, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥20.27. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥0.16 for next year compared to CN¥0.41 last year. Annuncio • Dec 26
Wencan Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Wencan Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥6.73b to CN¥6.63b. EPS estimate also fell from CN¥0.488 per share to CN¥0.403 per share. Net income forecast to grow 1,152% next year vs 42% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥20.50. Share price was steady at CN¥21.50 over the past week. Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.21 loss per share (vs CN¥0.05 profit in 3Q 2024) Third quarter 2025 results: CN¥0.21 loss per share (down from CN¥0.05 profit in 3Q 2024). Revenue: CN¥1.54b (down 5.6% from 3Q 2024). Net loss: CN¥10.8m (down 170% from profit in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Wencan Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Wencan Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.21b to CN¥6.73b. EPS estimate also fell from CN¥0.72 per share to CN¥0.488 per share. Net income forecast to grow 389% next year vs 36% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥20.75. Share price was steady at CN¥22.12 over the past week. New Risk • Aug 23
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.028 (vs CN¥0.073 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.028 (down from CN¥0.073 in 2Q 2024). Revenue: CN¥1.53b (down 4.0% from 2Q 2024). Net income: CN¥9.25m (down 53% from 2Q 2024). Profit margin: 0.6% (down from 1.2% in 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Annuncio • Jun 30
Wencan Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Wencan Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 New Risk • May 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 156% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 156% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Apr 30
Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.16 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.16 in 3Q 2023). Revenue: CN¥1.63b (up 29% from 3Q 2023). Net income: CN¥15.4m (down 57% from 3Q 2023). Profit margin: 0.9% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 4 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 19% per year. Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.57b to CN¥6.71b. EPS estimate fell from CN¥1.08 to CN¥0.811 per share. Net income forecast to grow 110% next year vs 40% growth forecast for Auto Components industry in China. Consensus price target down from CN¥21.32 to CN¥20.67. Share price fell 3.7% to CN¥20.10 over the past week. Annuncio • Apr 26
Wencan Group Co., Ltd., Annual General Meeting, May 16, 2025 Wencan Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Annuncio • Mar 28
Wencan Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Wencan Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Major Estimate Revision • Jan 28
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.62b to CN¥6.52b. EPS estimate also fell from CN¥0.56 per share to CN¥0.49 per share. Net income forecast to grow 210% next year vs 36% growth forecast for Auto Components industry in China. Consensus price target of CN¥21.51 unchanged from last update. Share price was steady at CN¥23.08 over the past week. Annuncio • Dec 27
Wencan Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Wencan Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Price Target Changed • Dec 06
Price target decreased by 15% to CN¥21.51 Down from CN¥25.26, the current price target is an average from 5 analysts. New target price is 24% below last closing price of CN¥28.32. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.56 for next year compared to CN¥0.19 last year. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.805 to CN¥0.655. Revenue forecast unchanged from CN¥6.65b at last update. Net income forecast to grow 260% next year vs 36% growth forecast for Auto Components industry in China. Consensus price target of CN¥25.26 unchanged from last update. Share price rose 13% to CN¥27.00 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.63b (up 29% from 3Q 2023). Net income: CN¥15.4m (down 57% from 3Q 2023). Profit margin: 0.9% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥23.28, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Auto Components industry in China. Total loss to shareholders of 30% over the past three years. Annuncio • Sep 30
Wencan Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Wencan Group 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 26% After last week's 26% share price gain to CN¥25.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 7.3% over the past three years. Major Estimate Revision • Aug 27
Consensus EPS estimates fall by 41% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.23b to CN¥6.61b. EPS estimate also fell from CN¥1.36 per share to CN¥0.805 per share. Net income forecast to grow 202% next year vs 37% growth forecast for Auto Components industry in China. Consensus price target down from CN¥31.32 to CN¥26.09. Share price fell 3.7% to CN¥20.66 over the past week. Price Target Changed • Aug 21
Price target decreased by 9.2% to CN¥28.43 Down from CN¥31.32, the current price target is an average from 6 analysts. New target price is 33% above last closing price of CN¥21.40. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥0.19 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.038 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.038 in 2Q 2023). Revenue: CN¥1.60b (up 24% from 2Q 2023). Net income: CN¥19.8m (up 74% from 2Q 2023). Profit margin: 1.2% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥24.82, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 22% over the past three years. New Risk • Jul 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Annuncio • Jun 28
Wencan Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Wencan Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Price Target Changed • May 07
Price target decreased by 12% to CN¥32.52 Down from CN¥36.92, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥32.52. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.92 last year. Annuncio • Apr 27
Wencan Group Co., Ltd., Annual General Meeting, May 22, 2024 Wencan Group Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Annuncio • Mar 30
Wencan Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Wencan Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Major Estimate Revision • Mar 07
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.335 to CN¥0.275 per share. Revenue forecast steady at CN¥5.09b. Net income forecast to grow 857% next year vs 43% growth forecast for Auto Components industry in China. Consensus price target down from CN¥39.32 to CN¥36.92. Share price fell 5.1% to CN¥27.49 over the past week. Major Estimate Revision • Feb 02
Consensus EPS estimates fall by 35% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥5.59b to CN¥5.09b. EPS estimate also fell from CN¥0.512 per share to CN¥0.335 per share. Net income forecast to grow 961% next year vs 43% growth forecast for Auto Components industry in China. Consensus price target down from CN¥45.09 to CN¥40.10. Share price fell 16% to CN¥23.68 over the past week. Price Target Changed • Feb 01
Price target decreased by 11% to CN¥40.10 Down from CN¥45.09, the current price target is an average from 6 analysts. New target price is 60% above last closing price of CN¥25.02. Stock is down 63% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.92 last year. Annuncio • Dec 29
Wencan Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Wencan Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.45 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥1.26b (down 13% from 3Q 2022). Net income: CN¥35.8m (down 71% from 3Q 2022). Profit margin: 2.8% (down from 8.5% in 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥5.91b to CN¥5.73b. EPS estimate also fell from CN¥0.888 per share to CN¥0.591 per share. Net income forecast to grow 152% next year vs 46% growth forecast for Auto Components industry in China. Consensus price target down from CN¥45.64 to CN¥44.09. Share price was steady at CN¥39.90 over the past week. Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.20b to CN¥5.91b. EPS estimate also fell from CN¥1.16 per share to CN¥0.942 per share. Net income forecast to grow 235% next year vs 48% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥46.48. Share price fell 10% to CN¥38.75 over the past week. New Risk • Aug 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). 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 (2.2% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint Second quarter 2023 results: EPS: CN¥0.038 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥1.29b (up 7.6% from 2Q 2022). Net income: CN¥11.4m (down 80% from 2Q 2022). Profit margin: 0.9% (down from 4.7% in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 02
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.32b to CN¥6.20b. EPS estimate also fell from CN¥1.43 per share to CN¥1.16 per share. Net income forecast to grow 139% next year vs 49% growth forecast for Auto Components industry in China. Consensus price target down from CN¥54.20 to CN¥47.00. Share price fell 4.3% to CN¥52.46 over the past week. Price Target Changed • Aug 01
Price target decreased by 13% to CN¥47.00 Down from CN¥54.00, the current price target is an average from 5 analysts. New target price is 13% below last closing price of CN¥53.85. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥1.43 for next year compared to CN¥0.92 last year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥48.59, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 24x in the Auto Components industry in China. Total returns to shareholders of 158% over the past three years. New Risk • Jul 12
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 6.8% 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: Minor Risks High level of debt (64% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Annuncio • Jun 28
Wencan Group Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Wencan Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥44.23, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 142% over the past three years. Major Estimate Revision • May 02
Consensus EPS estimates fall by 38% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥6.77b to CN¥6.47b. EPS estimate also fell from CN¥2.20 per share to CN¥1.37 per share. Net income forecast to grow 177% next year vs 51% growth forecast for Auto Components industry in China. Consensus price target down from CN¥83.55 to CN¥60.71. Share price fell 7.7% to CN¥39.67 over the past week. Price Target Changed • Apr 29
Price target decreased by 27% to CN¥60.71 Down from CN¥83.55, the current price target is an average from 6 analysts. New target price is 53% above last closing price of CN¥39.67. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥0.92 last year. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.31 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.31 in 1Q 2022). Revenue: CN¥1.27b (up 2.3% from 1Q 2022). Net income: CN¥2.54m (down 97% from 1Q 2022). Profit margin: 0.2% (down from 6.4% in 1Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 38% per year. Price Target Changed • Mar 21
Price target decreased by 7.6% to CN¥83.55 Down from CN¥90.38, the current price target is an average from 6 analysts. New target price is 65% above last closing price of CN¥50.65. Stock is up 30% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥0.38 last year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥66.38, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.99 per share. Major Estimate Revision • Jan 20
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.38b to CN¥5.26b. EPS estimate also fell from CN¥1.40 per share to CN¥1.16 per share. Net income forecast to grow 81% next year vs 70% growth forecast for Auto Components industry in China. Consensus price target down from CN¥90.38 to CN¥87.71. Share price fell 12% to CN¥57.69 over the past week. Price Target Changed • Jan 10
Price target decreased to CN¥90.38 Down from CN¥98.75, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CN¥67.00. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥0.38 last year. Buying Opportunity • Dec 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CN¥77.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 168% in the next 2 years. Buying Opportunity • Nov 17
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥85.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 168% in the next 2 years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥78.70, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 359% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥102 per share. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.017 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.017 loss in 3Q 2021). Revenue: CN¥1.45b (up 55% from 3Q 2021). Net income: CN¥122.5m (up CN¥126.9m from 3Q 2021). Profit margin: 8.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components 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 increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 26
Wencan Group Co.,Ltd. announced that it expects to receive CNY 3.5 billion in funding Wencan Group Co.,Ltd. announced a private placement of not more than 79,057,233 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for the gross proceeds of CNY 3,500,000,000 on October 25, 2022. The transaction will include participation from not more than 35 investors. The shares are restricted for the holding period of 6 months from the closing date. The transaction has been approved in the 21st Meeting of the Company’s 3rd Directorate and 17th Meeting of the 3rd Supervisory Board of the company. The transaction is subject to approval from the shareholders of the company and China Securities Regulatory Commission. Price Target Changed • Aug 19
Price target increased to CN¥99.67 Up from CN¥90.83, the current price target is an average from 4 analysts. New target price is 16% above last closing price of CN¥86.13. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥1.31 for next year compared to CN¥0.38 last year. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.094 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.094 in 2Q 2021). Revenue: CN¥1.20b (up 22% from 2Q 2021). Net income: CN¥56.8m (up 145% from 2Q 2021). Profit margin: 4.7% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 35% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.017 loss per share (vs CN¥0.18 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥932.6m (up 15% from 3Q 2020). Net loss: CN¥4.46m (down 111% from profit in 3Q 2020). 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 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥33.23, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Auto Components industry in China. Total returns to shareholders of 53% over the past three years. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS CN¥0.094 (vs CN¥0.10 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: CN¥981.8m (up 154% from 2Q 2020). Net income: CN¥23.1m (down 4.3% from 2Q 2020). Profit margin: 2.4% (down from 6.2% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥37.60, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 16% 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 25% share price gain to CN¥29.02, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 30x in the Auto Components industry in China. Total loss to shareholders of 40% over the past three years. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CN¥0.36 (vs CN¥0.32 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥2.60b (up 69% from FY 2019). Net income: CN¥83.8m (up 18% from FY 2019). Profit margin: 3.2% (down from 4.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥28.46, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 33x in the Auto Components industry in China. Total returns to shareholders of 63% over the past year. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥20.95, the stock is trading at a trailing P/E ratio of 47.4x, down from the previous P/E ratio of 56.6x. This compares to an average P/E of 32x in the Auto Components industry in China. Total returns to shareholders over the past year are 2.8%. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥22.06 The company is down 22% from its price of CN¥28.45 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 Auto Components industry, which is down 6.0% over the same period. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥22.80 The company is down 26% from its price of CN¥30.92 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 Auto Components industry, which is down 3.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: CN¥23.56 The company is down 2.0% from its price of CN¥24.03 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 16% share price decline to CN¥31.00, the stock is trading at a trailing P/E ratio of 70.2x, down from the previous P/E ratio of 83.9x. This compares to an average P/E of 39x in the Auto Components industry in China. Total returns to shareholders over the past year are 70%. Is New 90 Day High Low • Nov 21
New 90-day high: CN¥34.18 The company is up 45% from its price of CN¥23.54 on 21 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 21% share price gain to CN¥30.99, the stock is trading at a trailing P/E ratio of 70.2x, up from the previous P/E ratio of 58.2x. This compares to an average P/E of 41x in the Auto Components industry in China. Total returns to shareholders over the past year are 75%. Is New 90 Day High Low • Nov 03
New 90-day high: CN¥26.87 The company is up 35% from its price of CN¥19.90 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 7.0% 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¥97.9m, up 45% from the prior year. Total revenue was CN¥1.91b over the last 12 months, up 26% from the prior year. Annuncio • Oct 28
Guangdong Wencan Die Casting Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Guangdong Wencan Die Casting Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020