New Risk • May 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 36% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Annuncio • May 30
Miracle Automation Engineering Co.Ltd Approves Cash Dividend for the Year 2025 Miracle Automation Engineering Co.Ltd at its Annual General Meeting held on 27 May 2026, approved cash dividend/10 shares (tax included) of CNY 0.50000000 for the year 2025. New Risk • Apr 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.63 loss in FY 2024) Full year 2025 results: EPS: CN¥0.14 (up from CN¥0.63 loss in FY 2024). Revenue: CN¥2.76b (down 6.7% from FY 2024). Net income: CN¥54.7m (up CN¥309.8m from FY 2024). Profit margin: 2.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% 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 28
Miracle Automation Engineering Co.Ltd, Annual General Meeting, May 27, 2026 Miracle Automation Engineering Co.Ltd, Annual General Meeting, May 27, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Annuncio • Mar 31
Miracle Automation Engineering Co.Ltd to Report Q1, 2026 Results on Apr 28, 2026 Miracle Automation Engineering Co.Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Feb 06
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 9.7% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 47% per year over the past 5 years. Buy Or Sell Opportunity • Jan 27
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 71% to CN¥28.72. The fair value is estimated to be CN¥22.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Dec 31
Miracle Automation Engineering Co.Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Miracle Automation Engineering Co.Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Annuncio • Dec 30
Miracle Automation Engineering Co.Ltd announced that it expects to receive CNY 976.8412 million in funding Miracle Automation Engineering Co.Ltd announces a private placement to issue not more than 120,000,000 shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 976,841,200 on December 30, 2025. It includes participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. This has been approved in the 11th Extraordinary Meeting of the Company’s 9th Directorate, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. New Risk • Dec 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings have declined by 47% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Board Change • Dec 12
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Xiangjun Zhu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Nov 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to CN¥17.49. The fair value is estimated to be CN¥21.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.045 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.029 (down from CN¥0.045 in 3Q 2024). Revenue: CN¥717.8m (down 7.4% from 3Q 2024). Net income: CN¥11.4m (down 45% from 3Q 2024). Profit margin: 1.6% (down from 2.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Miracle Automation Engineering Co.Ltd to Report Q3, 2025 Results on Oct 25, 2025 Miracle Automation Engineering Co.Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.15 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.033 (up from CN¥0.15 loss in 2Q 2024). Revenue: CN¥624.4m (down 5.6% from 2Q 2024). Net income: CN¥13.5m (up CN¥94.4m from 2Q 2024). Profit margin: 2.2% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • Jul 02
Miracle Automation Engineering Co.Ltd to Report First Half, 2025 Results on Aug 19, 2025 Miracle Automation Engineering Co.Ltd announced that they will report first half, 2025 results on Aug 19, 2025 Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.63 loss per share (improved from CN¥1.09 loss in FY 2023). Revenue: CN¥2.96b (down 18% from FY 2023). Net loss: CN¥255.1m (loss narrowed 39% from FY 2023). Revenue missed analyst estimates by 48%. 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 76 percentage points per year, which is a significant difference in performance. Annuncio • Apr 25
Miracle Automation Engineering Co.Ltd, Annual General Meeting, May 15, 2025 Miracle Automation Engineering Co.Ltd, Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Annuncio • Mar 31
Miracle Automation Engineering Co.Ltd to Report Q1, 2025 Results on Apr 29, 2025 Miracle Automation Engineering Co.Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Feb 07
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). New Risk • Jan 06
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 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.7% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Annuncio • Dec 31
Miracle Automation Engineering Co.Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Miracle Automation Engineering Co.Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.006 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.045 (up from CN¥0.006 in 3Q 2023). Revenue: CN¥775.5m (down 23% from 3Q 2023). Net income: CN¥20.5m (up CN¥18.3m from 3Q 2023). Profit margin: 2.6% (up from 0.2% in 3Q 2023). Revenue is forecast to grow 47% 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, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Annuncio • Sep 30
Miracle Automation Engineering Co.Ltd to Report Q3, 2024 Results on Oct 25, 2024 Miracle Automation Engineering Co.Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Annuncio • Sep 10
Miracle Automation Engineering Co. Ltd Approves 2024 Interim Profit Distribution Plan Miracle Automation Engineering Co.Ltd at its 2nd Extraordinary General Meeting of 2024 on 06 September 2024, approved: 2024 interim profit distribution plan: Cash dividend/10 shares (tax included): CNY 0.20000000. Reported Earnings • Aug 20
Second quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.13 loss in 2Q 2023) Second quarter 2024 results: CN¥0.15 loss per share (further deteriorated from CN¥0.13 loss in 2Q 2023). Revenue: CN¥661.6m (down 34% from 2Q 2023). Net loss: CN¥80.9m (loss widened 71% from 2Q 2023). Revenue is forecast to grow 42% 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, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Annuncio • Jun 29
Miracle Automation Engineering Co.Ltd to Report First Half, 2024 Results on Aug 20, 2024 Miracle Automation Engineering Co.Ltd announced that they will report first half, 2024 results on Aug 20, 2024 Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Non-Independent Director Xian Feng Shen was the last 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: Insufficient board refreshment. New Risk • May 20
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.1% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Annuncio • Apr 28
Miracle Automation Engineering Co.Ltd, Annual General Meeting, May 22, 2024 Miracle Automation Engineering Co.Ltd, Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Agenda: To consider 2023 annual accounts report; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 profit distribution plan; to consider Payment of 2023 remuneration for directors and senior management and 2024 remuneration plan; to consider Payment of 2023 remuneration for supervisors and 2024 remuneration plan; to consider 2024 application for comprehensive credit line by the Company and subsidiaries; to consider Reappointment of 2024 audit firm; to consider 2024 estimated external guarantee quota; to consider 2024 estimated continuing operational connected transactions; and to consider other matters. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.81 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.01 (up from CN¥0.81 loss in 1Q 2023). Revenue: CN¥649.5m (down 13% from 1Q 2023). Net income: CN¥2.35m (up CN¥301.2m from 1Q 2023). Profit margin: 0.4% (up from net loss in 1Q 2023). Revenue is forecast to grow 33% 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, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Annuncio • Mar 30
Miracle Automation Engineering Co.Ltd to Report Q1, 2024 Results on Apr 26, 2024 Miracle Automation Engineering Co.Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Mar 07
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Annuncio • Dec 30
Miracle Automation Engineering Co.Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Miracle Automation Engineering Co.Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Price Target Changed • Nov 21
Price target decreased by 7.6% to CN¥18.00 Down from CN¥19.49, the current price target is an average from 2 analysts. New target price is 24% above last closing price of CN¥14.54. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of CN¥1.13 for next year compared to CN¥0.53 last year. New Risk • Nov 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). New Risk • Nov 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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.048 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.006 (down from CN¥0.048 in 3Q 2022). Revenue: CN¥1.01b (down 11% from 3Q 2022). Net income: CN¥2.16m (down 88% from 3Q 2022). Profit margin: 0.2% (down from 1.6% in 3Q 2022). Revenue is forecast to grow 32% 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 fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.13 loss per share (vs CN¥0.20 profit in 2Q 2022) Second quarter 2023 results: CN¥0.13 loss per share (down from CN¥0.20 profit in 2Q 2022). Revenue: CN¥994.6m (down 12% from 2Q 2022). Net loss: CN¥47.4m (down 166% from profit in 2Q 2022). Revenue is forecast to grow 30% 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 fallen by 30% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annuncio • Jul 12
Miracle Automation Engineering Co.Ltd Announces Cash Dividend Implementation on A Shares for 2022, Payable on July 14, 2023 Miracle Automation Engineering Co.Ltd announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 0.10000000 on share A for 2022. Record date: 13 July 2023, Ex-date: 14 July 2023 and Payment date: 14 July 2023. Annuncio • Jun 27
Miracle Automation Engineering Co.Ltd announced that it expects to receive CNY 300 million in funding Miracle Automation Engineering Co.Ltd announced a private placement to issue common shares for the gross proceeds of CNY 300,000,000 on June 26, 2023. Annuncio • May 18
Miracle Automation Engineering Co.Ltd Approves Dividend for the Year 2022 Miracle Automation Engineering Co.Ltd. announced at Annual General Meeting of 2022 held on 16 May 2023, the shareholders approved cash dividend of CNY 0.10000000 per ten shares (tax included) for the year 2022. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.61, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 58% over the past three years. Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.53 (up from CN¥0.41 in FY 2021). Revenue: CN¥4.35b (up 15% from FY 2021). Net income: CN¥198.5m (up 32% from FY 2021). Profit margin: 4.6% (up from 4.0% in FY 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 23% 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 61% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director & Head of Finance Bao Wei Shen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥14.44, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 99% over the past three years. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.19 in 3Q 2021). Revenue: CN¥1.17b (up 4.0% from 3Q 2021). Net income: CN¥39.8m (down 42% from 3Q 2021). Profit margin: 3.4% (down from 6.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% 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 57% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥1.13b (flat on 2Q 2021). Net income: CN¥72.3m (up 93% from 2Q 2021). Profit margin: 6.4% (up from 3.3% in 2Q 2021). Over the next year, revenue is forecast to grow 49%, compared to a 35% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥21.29, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 147% over the past three years. Annuncio • Jun 09
Miracle Automation Engineering Co.Ltd Approves 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 15, 2022 Miracle Automation Engineering Co.Ltd approved 2021 final profit distribution plan to be implemented (A shares), payable on June 15, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 0.30000000. The record date is June 14, 2022 and ex-date June 15, 2022. Annuncio • May 13
Miracle Automation Engineering Co.Ltd Approves Cash Dividend for the Year 2021 Miracle Automation Engineering Co.Ltd announced that at its Annual General Meeting held on 10 May 2022, approved cash dividend/10 shares (tax included) of CNY 0.30000000 for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.11 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥943.6m (up 30% from 1Q 2021). Net income: CN¥89.1m (up 121% from 1Q 2021). Profit margin: 9.4% (up from 5.5% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director & Head of Finance Bao Wei Shen was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 21
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥19.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has grown by 6.1%. Annuncio • Apr 20
Miracle Automation Engineering Co.Ltd Proposes Final Dividend for 2021 Miracle Automation Engineering Co.Ltd announced on 19 April 2022 the profit distribution proposal for 2021 of CNY 0.30000000 per 10 shares (tax included). Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥19.12, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥21.77, the stock trades at a trailing P/E ratio of 53.5x. Average forward P/E is 24x in the Machinery industry in China. Total returns to shareholders of 179% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.13b (up 16% from 3Q 2020). Net income: CN¥68.7m (up 64% from 3Q 2020). Profit margin: 6.1% (up from 4.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥19.71, the stock trades at a trailing P/E ratio of 57.2x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 173% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥15.76, the stock trades at a trailing P/E ratio of 46.7x. Average forward P/E is 23x in the Machinery industry in China. Total returns to shareholders of 76% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.039 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.13b (up 8.8% from 2Q 2020). Net income: CN¥37.6m (up 116% from 2Q 2020). Profit margin: 3.3% (up from 1.7% 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 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.79, the stock trades at a trailing P/E ratio of 50.9x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.86, the stock trades at a trailing P/E ratio of 43.8x. Average forward P/E is 21x in the Machinery industry in China. Total loss to shareholders of 1.5% over the past three years. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.19 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥3.59b (up 14% from FY 2019). Net income: CN¥61.0m (down 15% from FY 2019). Profit margin: 1.7% (down from 2.3% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • Feb 24
Miracle Automation Engineering Co.,Ltd to Report Fiscal Year 2020 Results on Apr 06, 2021 Miracle Automation Engineering Co.,Ltd announced that they will report fiscal year 2020 results on Apr 06, 2021 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.08, the stock is trading at a trailing P/E ratio of 60.1x, down from the previous P/E ratio of 71.1x. This compares to an average P/E of 32x in the Machinery industry in China. Total return to shareholders over the past three years is a loss of 43%. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥8.33 The company is down 3.0% from its price of CN¥8.60 on 30 October 2020. The Chinese market is up 9.0% 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. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥10.39 The company is up 19% from its price of CN¥8.73 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Annuncio • Dec 13
Miracle Automation Engineering Plans to Buy 38% Stake in Cobalt Firm Miracle Automation Engineering Co.,Ltd (SZSE:002009) said it plans to buy additional 38% stake in Cobalt Firm in Jiangxi for CNY 291.8 million ($44.60 million). Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥52.8m, down 28% from the prior year. Total revenue was CN¥3.46b over the last 12 months, up 6.8% from the prior year. Annuncio • Oct 19
Miracle Automation Engineering Co.,Ltd to Report Q3, 2020 Results on Oct 27, 2020 Miracle Automation Engineering Co.,Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 
