Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥40.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥44.66, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 41% over the past three years. Annuncio • Jun 30
Nancal Technology Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026 Nancal Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 10
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 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥52.95, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 61% over the past three years. Annuncio • Apr 24
Nancal Technology Co.,Ltd, Annual General Meeting, May 14, 2026 Nancal Technology Co.,Ltd, Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 24
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.93 (up from CN¥0.78 in FY 2024). Revenue: CN¥1.52b (up 1.0% from FY 2024). Net income: CN¥225.6m (up 18% from FY 2024). Profit margin: 15% (up from 13% in FY 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 6.1%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Annuncio • Mar 30
Nancal Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Nancal Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Jan 16
Price target increased by 8.2% to CN¥56.23 Up from CN¥51.98, the current price target is an average from 4 analysts. New target price is 9.3% above last closing price of CN¥51.42. Stock is up 64% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.78 last year. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥52.80, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 27x in the Machinery industry in China. Total returns to shareholders of 144% over the past three years. Annuncio • Dec 26
Nancal Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Nancal Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Board Change • Dec 12
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. 6 non-independent directors. Independent Director Zong Yu Wen was the last independent director to join the board, commencing their role in 2023. 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 28
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.10 in 3Q 2024). Revenue: CN¥350.6m (up 5.4% from 3Q 2024). Net income: CN¥54.5m (up 123% from 3Q 2024). Profit margin: 16% (up from 7.4% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 17% 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 increased by 1% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 30
Nancal Technology Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Nancal Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 29
Price target increased by 11% to CN¥47.84 Up from CN¥42.98, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥46.55. Stock is up 209% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.78 last year. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥53.02, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 28x in the Machinery industry in China. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥76.39 per share. New Risk • Aug 11
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥43.10, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥75.96 per share. Annuncio • Jun 30
Nancal Technology Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Nancal Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥32.32, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 62% over the past three years. Board Change • Jun 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director XiaoJie Wen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 28
Nancal Technology Co.,Ltd (SHSE:603859) announces an Equity Buyback for CNY 20 million worth of its shares. Nancal Technology Co.,Ltd (SHSE:603859 announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 43 per share. The repurchased shares will be used for employee shareholding plan. The repurchase program is valid for 6 months. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.23 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.20 (down from CN¥0.23 in 1Q 2024). Revenue: CN¥336.7m (down 17% from 1Q 2024). Net income: CN¥49.0m (down 12% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 25
Nancal Technology Co.,Ltd, Annual General Meeting, May 16, 2025 Nancal Technology Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥26.06, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 38% over the past three years. Annuncio • Mar 28
Nancal Technology Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Nancal Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥36.03, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 40% over the past three years. New Risk • Dec 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Annuncio • Dec 27
Nancal Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Nancal Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥37.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥35.25, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 39% over the past three years. New Risk • Nov 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 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥24.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 4.2% over the past three years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥332.8m (down 5.7% from 3Q 2023). Net income: CN¥24.5m (down 61% from 3Q 2023). Profit margin: 7.4% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 25% 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 increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Sep 30
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. This is currently the only risk that has been identified for the company. Annuncio • Sep 30
Nancal Technology Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Nancal Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.81, 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 29% over the past three years. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.24 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.24 in 2Q 2023). Revenue: CN¥299.5m (down 29% from 2Q 2023). Net income: CN¥37.4m (down 37% from 2Q 2023). Profit margin: 13% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 increased by 14% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Annuncio • Jun 28
Nancal Technology Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024 Nancal Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.03b to CN¥1.83b. EPS estimate also fell from CN¥2.18 per share to CN¥1.88 per share. Net income forecast to grow 43% next year vs 43% growth forecast for Machinery industry in China. Consensus price target down from CN¥50.82 to CN¥46.98. Share price fell 11% to CN¥32.95 over the past week. Price Target Changed • Apr 20
Price target decreased by 7.6% to CN¥51.10 Down from CN¥55.27, the current price target is an average from 3 analysts. New target price is 60% above last closing price of CN¥32.00. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.88 for next year compared to CN¥1.33 last year. Reported Earnings • Apr 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.33 (up from CN¥1.20 in FY 2022). Revenue: CN¥1.41b (up 14% from FY 2022). Net income: CN¥219.5m (up 11% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. 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 2% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 16
Nancal Technology Co.,Ltd, Annual General Meeting, May 08, 2024 Nancal Technology Co.,Ltd, Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥33.33, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 4.9% over the past three years. Annuncio • Mar 29
Nancal Technology Co.,Ltd to Report Q1, 2024 Results on Apr 23, 2024 Nancal Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥32.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 6.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥32.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 6.9% over the past three years. Annuncio • Feb 02
Nancal Technology Co.,Ltd (SHSE:603859) announces an Equity Buyback for CNY 30 million worth of its shares. Nancal Technology Co.,Ltd (SHSE:603859) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 40 per share. The repurchased shares will be used for the implementation of ESOP. The repurchase program is valid for 6 months. Annuncio • Dec 30
Nancal Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 16, 2024 Nancal Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.27 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.27 in 3Q 2022). Revenue: CN¥352.9m (up 29% from 3Q 2022). Net income: CN¥62.9m (up 44% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery 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 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.36 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥422.1m (up 57% from 2Q 2022). Net income: CN¥59.7m (up 75% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 28
Nancal Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Nancal Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 18
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.20 (up from CN¥1.04 in FY 2021). Revenue: CN¥1.24b (up 8.3% from FY 2021). Net income: CN¥198.2m (up 24% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) exceeded analyst estimates by 7.9%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥30.28, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 8.3% over the past three years. Price Target Changed • Nov 22
Price target decreased to CN¥34.49 Down from CN¥40.26, the current price target is an average from 2 analysts. New target price is 9.5% above last closing price of CN¥31.49. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥1.04 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director XiaoJie Wen was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 03
Consensus revenue estimates fall by 12% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.44b to CN¥1.28b. EPS estimate fell from CN¥1.27 to CN¥1.05 per share. Net income forecast to grow 36% next year vs 64% growth forecast for Machinery industry in China. Consensus price target broadly unchanged at CN¥40.19. Share price rose 8.7% to CN¥30.60 over the past week. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.30 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.27 (down from CN¥0.30 in 3Q 2021). Revenue: CN¥273.4m (flat on 3Q 2021). Net income: CN¥43.7m (down 13% from 3Q 2021). Profit margin: 16% (down from 18% in 3Q 2021). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥26.05, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 3.4% over the past three years. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥268.2m (down 16% from 2Q 2021). Net income: CN¥34.1m (up 7.3% from 2Q 2021). Profit margin: 13% (up from 10.0% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 40%, compared to a 35% growth forecast for the Machinery industry in China. Annuncio • May 18
Nancal Technology Co.,Ltd (SHSE:603859) announces an Equity Buyback for CNY 80 million worth of its shares. Nancal Technology Co.,Ltd (SHSE:603859) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 40 per share. The shares purchased will be used for the company's equity incentive plan or ESOP. The program will be valid till 6 months. Price Target Changed • May 09
Price target decreased to CN¥39.05 Down from CN¥44.00, the current price target is an average from 4 analysts. New target price is 60% above last closing price of CN¥24.40. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥1.04 last year. Reported Earnings • Apr 29
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.17 in 1Q 2021). Revenue: CN¥267.7m (up 30% from 1Q 2021). Net income: CN¥31.3m (up 31% from 1Q 2021). Profit margin: 12% (in line with 1Q 2021). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 28%, compared to a 30% growth forecast for the 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 3% per year, which means it is significantly lagging 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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 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 • Mar 31
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥1.04 (up from CN¥0.86 in FY 2020). Revenue: CN¥1.14b (up 20% from FY 2020). Net income: CN¥159.4m (up 33% from FY 2020). Profit margin: 14% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 24%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% 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 • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.28 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥273.2m (down 1.3% from 3Q 2020). Net income: CN¥50.1m (up 27% from 3Q 2020). Profit margin: 18% (up from 14% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥35.98, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Machinery industry in China. Total returns to shareholders of 122% over the past three years. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.23 (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¥318.1m (up 34% from 2Q 2020). Net income: CN¥31.8m (up 31% from 2Q 2020). Profit margin: 10.0% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥43.10, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 167% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.12 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥206.6m (up 28% from 1Q 2020). Net income: CN¥24.0m (up 40% from 1Q 2020). Profit margin: 12% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. 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 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥29.87 The company is down 22% from its price of CN¥38.35 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.77 per share. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥33.29 The company is down 9.0% from its price of CN¥36.44 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.63 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥114.8m, up 30% from the prior year. Total revenue was CN¥925.0m over the last 12 months, up 40% from the prior year. Annuncio • Oct 29
Nancal Technology Co.,Ltd to Report Q3, 2020 Results on Oct 30, 2020 Nancal Technology Co.,Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 29
New 90-day low: CN¥33.93 The company is down 10.0% from its price of CN¥37.57 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.28 per share. Annuncio • Aug 21
Nancal Technology Co.,Ltd announced that it expects to receive CNY 800 million in funding Nancal Technology Co.,Ltd (SHSE:603859) announced a private placement of not more than 41,745,688 A shares for gross proceeds of not more than CNY 800,000,000 on August 21, 2020. The maximum number of issued shares does not exceed 30% of the total share capital before the issuance. The issue price is not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issue period. The transaction will include participation from no more than 35 specific investors. The shares will issued a par value of CNY 1 each. The transaction has been approved by the board of directors of the company at its 6th meeting of the 4th directorate. The transaction is subject to approval from company’s shareholders meeting and China Securities Regulatory Commission. The shares issued are subject to a hold period of 6 months from the date of issuance. The transaction will be valid for 12 months since approval from the shareholders’ meeting of the company. Annuncio • Jul 09
Nancal Technology Co.,Ltd to Report First Half, 2020 Results on Aug 21, 2020 Nancal Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 21, 2020