Annuncio • Apr 14
Sumec Corporation Limited, Annual General Meeting, May 19, 2026 Sumec Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Annuncio • Mar 30
Sumec Corporation Limited to Report Q1, 2026 Results on Apr 24, 2026 Sumec Corporation Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥13.82, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 30x in the Trade Distributors industry in China. Total returns to shareholders of 141% over the past three years. Annuncio • Dec 26
Sumec Corporation Limited to Report Fiscal Year 2025 Results on Apr 14, 2026 Sumec Corporation Limited announced that they will report fiscal year 2025 results on Apr 14, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.33 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.33 in 3Q 2024). Revenue: CN¥32.3b (up 4.2% from 3Q 2024). Net income: CN¥457.9m (up 6.6% from 3Q 2024). Profit margin: 1.4% (in line with 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 30
Sumec Corporation Limited to Report Q3, 2025 Results on Oct 24, 2025 Sumec Corporation Limited announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Jul 18
Second quarter 2025 earnings released: CN¥0.22 loss per share (vs CN¥0.24 profit in 2Q 2024) Second quarter 2025 results: CN¥0.22 loss per share (down from CN¥0.24 profit in 2Q 2024). Net loss: CN¥293.0m (down 196% from profit in 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 30
Sumec Corporation Limited to Report First Half, 2025 Results on Aug 28, 2025 Sumec Corporation Limited announced that they will report first half, 2025 results on Aug 28, 2025 Annuncio • Apr 17
Sumec Corporation Limited (SHSE:600710) agreed to acquire an additional 16.92% stake in Lanpec Technologies Limited (SHSE:601798) from Sinomach Capital Management Corporation for approximately CNY 400 million. Sumec Corporation Limited (SHSE:600710) agreed to acquire an additional 16.92% stake in Lanpec Technologies Limited (SHSE:601798) from Sinomach Capital Management Corporation for approximately CNY 400 million on April 17, 2025. As part of consideration, an undisclosed value is paid towards common equity of Lanpec Technologies Limited. Upon completion, Sumec Corporation Limited will own 21.72% stake in Lanpec Technologies Limited. Sumec Corporation Limited will purchase 60 million shares at CNY 6.71 per share. The transaction will be funded from the Sumec Corporation Limited's own funds.
The transaction still requires the review and approval of the board of directors and shareholders’ meeting of Sumec Corporation Limited and the confirmation from the compliance review and confirmation from the Shanghai Stock Exchange. Annuncio • Apr 14
Sumec Corporation Limited, Annual General Meeting, May 13, 2025 Sumec Corporation Limited, Annual General Meeting, May 13, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Reported Earnings • Apr 12
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.88 (up from CN¥0.79 in FY 2023). Revenue: CN¥117.2b (down 4.7% from FY 2023). Net income: CN¥1.15b (up 12% from FY 2023). Profit margin: 1.0% (up from 0.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.38, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Trade Distributors industry in China. Total returns to shareholders of 58% over the past three years. Annuncio • Mar 28
Sumec Corporation Limited to Report Q1, 2025 Results on Apr 23, 2025 Sumec Corporation Limited announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Mar 17
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 8.2% 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 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 (8.2% average weekly change). Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Trade Distributors industry in China. Total returns to shareholders of 96% over the past three years. Reported Earnings • Jan 18
Full year 2024 earnings released: EPS: CN¥0.87 (vs CN¥0.79 in FY 2023) Full year 2024 results: EPS: CN¥0.87 (up from CN¥0.79 in FY 2023). Revenue: CN¥117.3b (down 4.6% from FY 2023). Net income: CN¥1.13b (up 9.9% from FY 2023). Profit margin: 1.0% (up from 0.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Annuncio • Dec 27
Sumec Corporation Limited to Report Fiscal Year 2024 Results on Apr 12, 2025 Sumec Corporation Limited announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.30 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.30 in 3Q 2023). Revenue: CN¥31.0b (down 1.7% from 3Q 2023). Net income: CN¥430.7m (up 13% from 3Q 2023). Profit margin: 1.4% (up from 1.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Annuncio • Sep 30
Sumec Corporation Limited to Report Q3, 2024 Results on Oct 25, 2024 Sumec Corporation Limited announced that they will report Q3, 2024 results on Oct 25, 2024 Annuncio • Sep 10
Sumec Corporation Limited (SHSE:600710) agreed to acquire 4.80% stake in Lanpec Technologies Limited (SHSE:601798) from China Perfect Machinery Industry Corp., Ltd. on September 10, 2024. A cash consideration of CNY 86.53 million. Sumec Corporation Limited (SHSE:600710) agreed to acquire 4.80% stake in Lanpec Technologies Limited (SHSE:601798) from China Perfect Machinery Industry Corp., Ltd. on September 10, 2024. The transaction will be financed through the own funds of Sumec. As of June 30, 2024, Lanpec Technologies Limited reported total assets of CNY 2.35 billion and total common equity of CNY 1.32 billion. The transaction is subject to approval of merger agreement by target board. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥32.2b (down 3.9% from 2Q 2023). Net income: CN¥304.5m (up 17% from 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Trade Distributors 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 only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 10
Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥32.2b (down 3.9% from 2Q 2023). Net income: CN¥304.5m (up 17% from 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Trade Distributors 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 only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 28
Sumec Corporation Limited to Report First Half, 2024 Results on Aug 17, 2024 Sumec Corporation Limited announced that they will report first half, 2024 results on Aug 17, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.19 in 1Q 2023). Revenue: CN¥23.7b (down 23% from 1Q 2023). Net income: CN¥265.9m (up 5.2% from 1Q 2023). Profit margin: 1.1% (up from 0.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Apr 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.79 (up from CN¥0.70 in FY 2022). Revenue: CN¥123.0b (down 13% from FY 2022). Net income: CN¥1.03b (up 13% from FY 2022). Profit margin: 0.8% (up from 0.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 13
Sumec Corporation Limited, Annual General Meeting, May 09, 2024 Sumec Corporation Limited, Annual General Meeting, May 09, 2024, at 15:00 China Standard Time. Annuncio • Mar 29
Sumec Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024 Sumec Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: CN¥0.79 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.79 (up from CN¥0.70 in FY 2022). Revenue: CN¥123.0b (down 13% from FY 2022). Net income: CN¥1.03b (up 12% from FY 2022). Profit margin: 0.8% (up from 0.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.64, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Trade Distributors industry in China. Total returns to shareholders of 79% over the past three years. Annuncio • Dec 29
Sumec Corporation Limited to Report Fiscal Year 2023 Results on Apr 13, 2024 Sumec Corporation Limited announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.25 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.25 in 3Q 2022). Revenue: CN¥31.6b (down 18% from 3Q 2022). Net income: CN¥383.0m (up 15% from 3Q 2022). Profit margin: 1.2% (up from 0.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 30
Sumec Corporation Limited to Report Q3, 2023 Results on Oct 26, 2023 Sumec Corporation Limited announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥33.5b (down 27% from 2Q 2022). Net income: CN¥259.5m (up 9.0% from 2Q 2022). Profit margin: 0.8% (up from 0.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 16
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥33.5b (down 27% from 2Q 2022). Net income: CN¥259.9m (up 9.1% from 2Q 2022). Profit margin: 0.8% (up from 0.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Trade Distributors industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Annuncio • Jun 28
Sumec Corporation Limited to Report First Half, 2023 Results on Aug 18, 2023 Sumec Corporation Limited announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.13, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 24x in the Trade Distributors industry in China. Total returns to shareholders of 91% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.59 in FY 2021) Full year 2022 results: EPS: CN¥0.69 (up from CN¥0.59 in FY 2021). Revenue: CN¥151.0b (down 11% from FY 2021). Net income: CN¥901.0m (up 18% from FY 2021). Profit margin: 0.6% (up from 0.5% in FY 2021). The increase in margin was driven by lower expenses. 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 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 14
Full year 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.59 in FY 2021) Full year 2022 results: EPS: CN¥0.69 (up from CN¥0.59 in FY 2021). Revenue: CN¥151.0b (down 11% from FY 2021). Net income: CN¥901.0m (up 18% from FY 2021). Profit margin: 0.6% (up from 0.5% in FY 2021). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Mao Ning was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.21 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.21 in 3Q 2021). Revenue: CN¥38.4b (down 15% from 3Q 2021). Net income: CN¥333.6m (up 19% from 3Q 2021). Profit margin: 0.9% (up from 0.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥45.9b (flat on 2Q 2021). Net income: CN¥238.1m (up 40% from 2Q 2021). Profit margin: 0.5% (up from 0.4% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.16 (vs CN¥0.16 in 1Q 2021). Revenue: CN¥30.7b (down 7.0% from 1Q 2021). Net income: CN¥215.0m (up 5.6% from 1Q 2021). Profit margin: 0.7% (up from 0.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.59 (up from CN¥0.42 in FY 2020). Revenue: CN¥168.7b (up 71% from FY 2020). Net income: CN¥766.5m (up 40% from FY 2020). Profit margin: 0.5% (down from 0.6% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.21 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥45.0b (up 68% from 3Q 2020). Net income: CN¥280.5m (up 1.6% from 3Q 2020). Profit margin: 0.6% (down from 1.0% 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 15% per year whereas the company’s share price has increased by 19% per year. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥6.46, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 23x in the Trade Distributors industry in China. Total returns to shareholders of 69% over the past three years. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.13 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥46.2b (up 68% from 2Q 2020). Net income: CN¥169.7m (down 3.0% from 2Q 2020). Profit margin: 0.4% (down from 0.6% 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 15% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.42 (vs CN¥0.34 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥98.6b (up 17% from FY 2019). Net income: CN¥546.2m (up 24% from FY 2019). Profit margin: 0.6% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 05
New 90-day high: CN¥6.12 The company is up 8.0% from its price of CN¥5.69 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 4.0% over the same period. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥6.12, the stock is trading at a trailing P/E ratio of 14.9x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 26x in the Trade Distributors industry in China. Total return to shareholders over the past three years is a loss of 2.2%. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥4.90 The company is down 3.0% from its price of CN¥5.07 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Trade Distributors industry, which is also down 3.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥5.48 The company is up 4.0% from its price of CN¥5.29 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is down 10.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥529.3m, down 2.3% from the prior year. Total revenue was CN¥90.1b over the last 12 months, up 2.9% from the prior year. Annuncio • Oct 19
Sumec Corporation Limited to Report Q3, 2020 Results on Oct 24, 2020 Sumec Corporation Limited announced that they will report Q3, 2020 results on Oct 24, 2020 Is New 90 Day High Low • Oct 04
New 90-day low: CN¥4.73 The company is down 6.0% from its price of CN¥5.01 on 06 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is down 5.0% over the same period.