Annuncio • Jun 30
KEDE Numerical Control Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 KEDE Numerical Control Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • May 30
Dividend of CN¥0.21 announced Shareholders will receive a dividend of CN¥0.21. Ex-date: 3rd June 2026 Payment date: 3rd June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.5% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 120% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 27
Consensus revenue estimates fall by 24% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥977.0m to CN¥746.1m. EPS estimate fell from CN¥1.48 to CN¥1.04 per share. Net income forecast to grow 56% next year vs 38% growth forecast for Machinery industry in China. Consensus price target down from CN¥78.37 to CN¥69.92. Share price was steady at CN¥59.05 over the past week. Price Target Changed • Apr 22
Price target decreased by 7.6% to CN¥72.42 Down from CN¥78.37, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥59.60. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥0.67 last year. Reported Earnings • Apr 21
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.67 (down from CN¥1.01 in FY 2024). Revenue: CN¥551.8m (down 8.9% from FY 2024). Net income: CN¥88.6m (down 32% from FY 2024). Profit margin: 16% (down from 22% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 40% 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 increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Apr 21
KEDE Numerical Control Co., Ltd., Annual General Meeting, May 14, 2026 KEDE Numerical Control Co., Ltd., Annual General Meeting, May 14, 2026, at 13:30 China Standard Time. Location: No. 1-2, Tianfu Street, Dalian Economic and Technological Development Zone, Liaoning China Annuncio • Mar 30
KEDE Numerical Control Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 KEDE Numerical Control Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Feb 18
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.74 (down from CN¥1.01 in FY 2024). Revenue: CN¥551.8m (down 8.9% from FY 2024). Net income: CN¥88.8m (down 32% from FY 2024). Profit margin: 16% (down from 22% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Dec 26
KEDE Numerical Control Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 KEDE Numerical Control Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.18 in 3Q 2024). Revenue: CN¥105.9m (down 16% from 3Q 2024). Net income: CN¥14.9m (down 38% from 3Q 2024). Profit margin: 14% (down from 19% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 30% 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 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
KEDE Numerical Control Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 KEDE Numerical Control Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Major Estimate Revision • Sep 06
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¥799.6m to CN¥777.8m. EPS estimate also fell from CN¥1.38 per share to CN¥1.15 per share. Net income forecast to grow 36% next year vs 34% growth forecast for Machinery industry in China. Consensus price target up from CN¥74.03 to CN¥80.03. Share price was steady at CN¥61.38 over the past week. Price Target Changed • Aug 25
Price target increased by 8.7% to CN¥74.03 Up from CN¥68.13, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥62.39. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥1.38 for next year compared to CN¥1.01 last year. Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.26 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.34. Revenue: CN¥163.7m (up 6.0% from 2Q 2024). Net income: CN¥28.0m (down 16% from 2Q 2024). Profit margin: 17% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Annuncio • Jun 30
KEDE Numerical Control Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 KEDE Numerical Control Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Declared Dividend • May 31
Dividend reduced to CN¥0.24 Dividend of CN¥0.24 is 2.0% lower than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 113% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • May 05
Price target increased by 9.9% to CN¥90.51 Up from CN¥82.35, the current price target is an average from 4 analysts. New target price is 20% above last closing price of CN¥75.43. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of CN¥1.92 for next year compared to CN¥1.32 last year. Annuncio • Apr 29
KEDE Numerical Control Co., Ltd., Annual General Meeting, May 19, 2025 KEDE Numerical Control Co., Ltd., Annual General Meeting, May 19, 2025, at 13:30 China Standard Time. Annuncio • Mar 28
KEDE Numerical Control Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 KEDE Numerical Control Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Feb 06
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.32 (up from CN¥1.10 in FY 2023). Revenue: CN¥605.5m (up 34% from FY 2023). Net income: CN¥130.4m (up 28% from FY 2023). Profit margin: 22% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 37% p.a. on average during the next 2 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 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Dec 27
KEDE Numerical Control Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 KEDE Numerical Control Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥84.23, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 18x in the Machinery industry in China. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥68.90, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 36% over the past three years. Annuncio • Sep 30
KEDE Numerical Control Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 KEDE Numerical Control Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥74.39, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 27% over the past three years. New Risk • Aug 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 40% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (40% accrual ratio). Minor Risk Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Annuncio • Jun 29
KEDE Numerical Control Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 KEDE Numerical Control Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Price Target Changed • Jun 18
Price target decreased by 18% to CN¥84.76 Down from CN¥104, the current price target is an average from 3 analysts. New target price is 21% above last closing price of CN¥70.25. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥1.49 for next year compared to CN¥1.09 last year. Major Estimate Revision • May 01
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¥718.7m to CN¥693.2m. EPS estimate also fell from CN¥1.72 per share to CN¥1.49 per share. Net income forecast to grow 89% next year vs 49% growth forecast for Machinery industry in China. Consensus price target of CN¥103 unchanged from last update. Share price fell 3.1% to CN¥73.03 over the past week. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.29 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥101.1m (up 19% from 1Q 2023). Net income: CN¥15.1m (down 44% from 1Q 2023). Profit margin: 15% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Annuncio • Apr 26
KEDE Numerical Control Co., Ltd., Annual General Meeting, May 15, 2024 KEDE Numerical Control Co., Ltd., Annual General Meeting, May 15, 2024, at 13:30 China Standard Time. Location: No. 1, Tianfu Street, Economic and Technological Development Zone, Dalian, Liaoning China New Risk • Apr 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% 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. This is currently the only risk that has been identified for the company. Annuncio • Mar 30
KEDE Numerical Control Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 KEDE Numerical Control Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥79.90, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 17x in the Machinery industry in China. Total loss to shareholders of 8.5% over the past year. Reported Earnings • Feb 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.10 (up from CN¥0.66 in FY 2022). Revenue: CN¥452.3m (up 43% from FY 2022). Net income: CN¥102.1m (up 69% from FY 2022). Profit margin: 23% (up from 19% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. 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¥67.80, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 31% over the past year. New Risk • Nov 02
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.064 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.064 in 3Q 2022). Revenue: CN¥91.5m (up 39% from 3Q 2022). Net income: CN¥17.2m (up 191% from 3Q 2022). Profit margin: 19% (up from 9.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in China. Price Target Changed • Sep 01
Price target decreased by 27% to CN¥91.11 Down from CN¥125, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥79.50. Stock is up 17% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥0.66 last year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.22 in 2Q 2022). Revenue: CN¥115.8m (up 45% from 2Q 2022). Net income: CN¥20.7m (up 4.0% from 2Q 2022). Profit margin: 18% (down from 25% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Annuncio • Jun 28
KEDE Numerical Control Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 KEDE Numerical Control Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.083 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.083 in 1Q 2022). Revenue: CN¥85.2m (up 40% from 1Q 2022). Net income: CN¥26.9m (up 257% from 1Q 2022). Profit margin: 32% (up from 12% in 1Q 2022). Revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: CN¥0.66 (vs CN¥0.94 in FY 2021) Full year 2022 results: EPS: CN¥0.66 (down from CN¥0.94 in FY 2021). Revenue: CN¥315.4m (up 24% from FY 2021). Net income: CN¥60.4m (down 17% from FY 2021). Profit margin: 19% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Annuncio • Feb 04
KEDE Numerical Control Co., Ltd. announced that it expects to receive CNY 600 million in funding KEDE Numerical Control Co., Ltd. announced a private placement of not more than 27,953,327 A shares, for the gross proceeds of not more than CNY 600,000,000 on February 3, 2023. The transaction will include participation from no more than 35 investors. The pricing base date of this issuance is the first day of the issuance period of the company's stock issuance this time, and the issue price shall not be lower than 80% of the average stock trading price in the 20 trading days prior to the pricing base date. The number of shares issued this time does not exceed 30% of the company's total share capital before this issuance. The transaction has been reviewed and approved by the second meeting of the third board of directors, the second meeting of the third board of supervisors and still needs to be reviewed and approved by the company's general meeting of shareholders, reviewed and approved by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission. The shares issued this time shall not be transferred within 6 months from the date of the end of this issuance. Price Target Changed • Nov 16
Price target increased to CN¥115 Up from CN¥94.00, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥120. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.94 last year. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Xun Liu is the most experienced director on the board, commencing their role in 2020. Independent Director Wanhua Zhao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥390.5m to CN¥355.0m. EPS estimate also fell from CN¥1.07 per share to CN¥0.72 per share. Net income forecast to grow 132% next year vs 67% growth forecast for Machinery industry in China. Consensus price target up from CN¥94.00 to CN¥115. Share price fell 5.3% to CN¥101 over the past week. Price Target Changed • Oct 27
Price target increased to CN¥115 Up from CN¥94.00, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥102. Stock is up 1.7% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥0.94 last year. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.064 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.064 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥65.8m (up 18% from 3Q 2021). Net income: CN¥5.91m (down 76% from 3Q 2021). Profit margin: 9.0% (down from 45% in 3Q 2021). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥80.1m (up 46% from 2Q 2021). Net income: CN¥19.9m (up 124% from 2Q 2021). Profit margin: 25% (up from 16% in 2Q 2021). Over the next year, revenue is forecast to grow 90%, compared to a 36% growth forecast for the Machinery industry in China. Annuncio • Aug 03
KEDE Numerical Control Co., Ltd. announced that it has received CNY 159.999981 million in funding from Ministry of Finance People's Republic of China, Endowment Arm, Guotai Junan Securities Co., Ltd. KEDE Numerical Control Co., Ltd. announced that it has closed the transaction. The company incurred issue expenses in respect of this transaction of CNY 1,556,604. Reported Earnings • May 02
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.083 (down from CN¥0.19 in 1Q 2021). Revenue: CN¥60.7m (up 21% from 1Q 2021). Net income: CN¥7.53m (down 41% from 1Q 2021). Profit margin: 12% (down from 26% in 1Q 2021). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 87%, compared to a 31% growth forecast for the industry in China. Reported Earnings • Apr 11
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.94 (up from CN¥0.52 in FY 2020). Revenue: CN¥253.6m (up 28% from FY 2020). Net income: CN¥72.9m (up 107% from FY 2020). Profit margin: 29% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 67%, compared to a 29% growth forecast for the industry in China. Reported Earnings • Feb 24
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.94 (up from CN¥0.52 in FY 2020). Revenue: CN¥253.6m (up 28% from FY 2020). Net income: CN¥72.9m (up 107% from FY 2020). Profit margin: 29% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 67%, compared to a 30% growth forecast for the industry in China.