Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥71.34, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electrical industry in China. Total loss to shareholders of 32% over the past three years. Annuncio • Jun 30
Ginlong Technologies Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Ginlong Technologies Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥93.82, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Electrical industry in China. Total loss to shareholders of 2.1% over the past three years. Declared Dividend • May 25
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 151% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥114, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 9.3% over the past three years. Reported Earnings • Apr 27
First quarter 2026 earnings released: EPS: CN¥0.15 (vs CN¥0.49 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.15 (down from CN¥0.49 in 1Q 2025). Revenue: CN¥1.42b (down 6.5% from 1Q 2025). Net income: CN¥61.2m (down 69% from 1Q 2025). Profit margin: 4.3% (down from 13% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Apr 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.9% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (72% net debt to equity). Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (8.9% net profit margin). Annuncio • Apr 27
Ginlong Technologies Co., Ltd., Annual General Meeting, May 18, 2026 Ginlong Technologies Co., Ltd., Annual General Meeting, May 18, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Xiangshan County, Zhejiang China Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥88.34, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Electrical industry in China. Total loss to shareholders of 30% over the past three years. Annuncio • Mar 31
Ginlong Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Ginlong Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 New Risk • Mar 20
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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (78% net debt to equity). Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥120, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Electrical industry in China. Total loss to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥88.31, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 27x in the Electrical industry in China. Total loss to shareholders of 42% over the past three years. Price Target Changed • Jan 02
Price target increased by 15% to CN¥81.12 Up from CN¥70.59, the current price target is an average from 3 analysts. New target price is 14% above last closing price of CN¥71.41. Stock is up 29% over the past year. The company is forecast to post earnings per share of CN¥3.00 for next year compared to CN¥1.75 last year. Annuncio • Dec 31
Ginlong Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Ginlong Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥70.91, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Electrical industry in China. Total loss to shareholders of 64% over the past three years. New Risk • Nov 13
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 9.5% 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 Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk High level of debt (78% net debt to equity). Reported Earnings • Oct 15
Third quarter 2025 earnings released: EPS: CN¥0.67 (vs CN¥0.80 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.67 (down from CN¥0.80 in 3Q 2024). Revenue: CN¥1.87b (up 3.4% from 3Q 2024). Net income: CN¥263.3m (down 17% from 3Q 2024). Profit margin: 14% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Annuncio • Sep 30
Ginlong Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 15, 2025 Ginlong Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 15, 2025 New Risk • Sep 05
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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (89% net debt to equity). Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥89.24, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electrical industry in China. Total loss to shareholders of 65% over the past three years. Price Target Changed • Aug 17
Price target increased by 13% to CN¥66.59 Up from CN¥59.19, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥65.20. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥2.64 for next year compared to CN¥1.75 last year. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: CN¥1.03 (vs CN¥0.86 in 2Q 2024) Second quarter 2025 results: EPS: CN¥1.03 (up from CN¥0.86 in 2Q 2024). Revenue: CN¥2.28b (up 16% from 2Q 2024). Net income: CN¥407.5m (up 23% from 2Q 2024). Profit margin: 18% (in line with 2Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Annuncio • Jul 02
Ginlong Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Ginlong Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • May 24
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 21
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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (99% net debt to equity). Share price has been volatile over the past 3 months (8.5% average weekly change). Major Estimate Revision • May 05
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥10.1b to CN¥8.48b. EPS estimate fell from CN¥3.49 to CN¥2.74 per share. Net income forecast to grow 40% next year vs 49% growth forecast for Electrical industry in China. Consensus price target down from CN¥75.05 to CN¥65.19. Share price rose 2.2% to CN¥52.40 over the past week. Price Target Changed • May 01
Price target decreased by 11% to CN¥65.19 Down from CN¥73.24, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥52.40. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of CN¥2.47 for next year compared to CN¥1.98 last year. Reported Earnings • Apr 30
Third quarter 2024 earnings released: EPS: CN¥0.80 (vs CN¥0.31 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.80 (up from CN¥0.31 in 3Q 2023). Revenue: CN¥1.81b (up 30% from 3Q 2023). Net income: CN¥316.6m (up 155% from 3Q 2023). Profit margin: 18% (up from 8.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Annuncio • Apr 29
Ginlong Technologies Co., Ltd., Annual General Meeting, May 19, 2025 Ginlong Technologies Co., Ltd., Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. New Risk • Apr 07
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 8.3% 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 (17% operating cash flow to total debt). High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥46.39, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.60 per share. Annuncio • Mar 31
Ginlong Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Ginlong Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annuncio • Dec 31
Ginlong Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Ginlong Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Price Target Changed • Dec 23
Price target increased by 7.6% to CN¥75.64 Up from CN¥70.28, the current price target is an average from 5 analysts. New target price is 17% above last closing price of CN¥64.85. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥1.98 last year. Price Target Changed • Dec 17
Price target increased by 8.4% to CN¥71.86 Up from CN¥66.28, the current price target is an average from 6 analysts. New target price is 9.0% above last closing price of CN¥65.90. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥2.49 for next year compared to CN¥1.98 last year. Annuncio • Nov 16
Ginlong Technologies Co., Ltd. Announces Board Appointments Ginlong Technologies Co., Ltd. announced the appointment of He Rui, non-independent director. The company also announced the appointment of Li Yushan, independent director, at the EGM held on November 14, 2024. Major Estimate Revision • Nov 05
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.98b to CN¥6.93b. EPS estimate fell from CN¥2.60 to CN¥2.26 per share. Net income forecast to grow 76% next year vs 50% growth forecast for Electrical industry in China. Consensus price target up from CN¥60.61 to CN¥66.28. Share price fell 3.3% to CN¥72.03 over the past week. Price Target Changed • Nov 02
Price target increased by 9.3% to CN¥66.28 Up from CN¥60.61, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥69.15. Stock is up 6.5% over the past year. The company is forecast to post earnings per share of CN¥2.26 for next year compared to CN¥1.98 last year. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.80 (vs CN¥0.31 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.80 (up from CN¥0.31 in 3Q 2023). Revenue: CN¥1.81b (up 30% from 3Q 2023). Net income: CN¥316.6m (up 155% from 3Q 2023). Profit margin: 18% (up from 8.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥71.71, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.16 per share. Annuncio • Sep 30
Ginlong Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Ginlong Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥71.38, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.28 per share. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥66.36, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.48 per share. Major Estimate Revision • Sep 04
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥7.08b to CN¥7.98b. EPS estimate increased from CN¥2.26 to CN¥2.60 per share. Net income forecast to grow 132% next year vs 44% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥60.61. Share price rose 5.1% to CN¥56.99 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.86 (vs CN¥0.75 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.86 (up from CN¥0.75 in 2Q 2023). Revenue: CN¥1.96b (up 23% from 2Q 2023). Net income: CN¥331.9m (up 9.6% from 2Q 2023). Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to CN¥67.09. The fair value is estimated to be CN¥53.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥58.71, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.61 per share. New Risk • Jul 01
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 8.5% 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 Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (59% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin). Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Annuncio • Jun 29
Ginlong Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Ginlong Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Major Estimate Revision • May 05
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.19b to CN¥7.06b. EPS estimate fell from CN¥3.14 to CN¥2.20 per share. Net income forecast to grow 187% next year vs 45% growth forecast for Electrical industry in China. Consensus price target down from CN¥68.59 to CN¥61.76. Share price was steady at CN¥53.55 over the past week. New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.1% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (59% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (8.1% net profit margin). Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Annuncio • Apr 30
Ginlong Technologies Co., Ltd., Annual General Meeting, May 20, 2024 Ginlong Technologies Co., Ltd., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Xiangshan County, Zhejiang China Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: CN¥1.98 (vs CN¥2.86 in FY 2022) Full year 2023 results: EPS: CN¥1.98 (down from CN¥2.86 in FY 2022). Revenue: CN¥6.10b (up 3.6% from FY 2022). Net income: CN¥779.4m (down 27% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 29
Now 21% overvalued Over the last 90 days, the stock has fallen 7.8% to CN¥55.78. The fair value is estimated to be CN¥46.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Apr 17
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to CN¥56.49. The fair value is estimated to be CN¥46.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Annuncio • Mar 30
Ginlong Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Ginlong Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥60.49, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Electrical industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.17 per share. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥77.83, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.57 per share. Annuncio • Dec 29
Ginlong Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Ginlong Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥67.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 9.4% over the past three years. Major Estimate Revision • Nov 01
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥7.67b to CN¥6.24b. EPS estimate fell from CN¥3.89 to CN¥2.49 per share. Net income forecast to grow 56% next year vs 54% growth forecast for Electrical industry in China. Consensus price target down from CN¥95.16 to CN¥87.30. Share price fell 14% to CN¥65.18 over the past week. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.83 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.31 (down from CN¥0.83 in 3Q 2022). Revenue: CN¥1.39b (down 19% from 3Q 2022). Net income: CN¥124.3m (down 59% from 3Q 2022). Profit margin: 8.9% (down from 18% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥67.66, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 41% over the past three years. Price Target Changed • Oct 18
Price target decreased by 12% to CN¥95.16 Down from CN¥108, the current price target is an average from 7 analysts. New target price is 19% above last closing price of CN¥79.90. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥3.89 for next year compared to CN¥2.86 last year. Price Target Changed • Sep 20
Price target decreased by 7.4% to CN¥102 Down from CN¥110, the current price target is an average from 8 analysts. New target price is 44% above last closing price of CN¥70.90. Stock is down 70% over the past year. The company is forecast to post earnings per share of CN¥3.98 for next year compared to CN¥2.86 last year. Price Target Changed • Sep 13
Price target decreased by 7.9% to CN¥108 Down from CN¥117, the current price target is an average from 8 analysts. New target price is 51% above last closing price of CN¥71.31. Stock is down 72% over the past year. The company is forecast to post earnings per share of CN¥4.04 for next year compared to CN¥2.86 last year. Major Estimate Revision • Sep 05
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥10.2b to CN¥7.67b. EPS estimate fell from CN¥4.91 to CN¥4.08 per share. Net income forecast to grow 64% next year vs 61% growth forecast for Electrical industry in China. Consensus price target down from CN¥129 to CN¥117. Share price fell 2.1% to CN¥76.12 over the past week. Price Target Changed • Sep 02
Price target decreased by 9.7% to CN¥117 Down from CN¥129, the current price target is an average from 8 analysts. New target price is 58% above last closing price of CN¥73.86. Stock is down 68% over the past year. The company is forecast to post earnings per share of CN¥4.08 for next year compared to CN¥2.86 last year. Annuncio • Sep 01
Ginlong Technologies Co., Ltd. (SZSE:300763) announces an Equity Buyback for CNY 100 million worth of its shares. Ginlong Technologies Co., Ltd. (SZSE:300763) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased for a price not be more than CNY 135 per share. The purpose of the program The repurchased shares will be used for ESOP and equity incentive plan. The plan will be valid for 12 months. Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.75 (up from CN¥0.63 in 2Q 2022). Revenue: CN¥1.60b (up 19% from 2Q 2022). Net income: CN¥302.9m (up 30% from 2Q 2022). Profit margin: 19% (up from 18% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 35%. Earnings per share (EPS) also missed analyst estimates by 6.2%. Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Aug 23
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (86% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (8.6% increase in shares outstanding). Buying Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 139% in 2 years. Earnings is forecast to grow by 132% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥114, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 309% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥118 per share. New Risk • Jul 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (86% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Annuncio • Jul 04
Ginlong Technologies Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date Is 07 July 2023 Ginlong Technologies Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 4.00000000. Record date is 06 July 2023. Ex-date is 07 July 2023. Payment date is 07 July 2023. Price Target Changed • Jun 02
Price target decreased by 10% to CN¥141 Down from CN¥157, the current price target is an average from 7 analysts. New target price is 39% above last closing price of CN¥101. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥4.90 for next year compared to CN¥2.86 last year. Buying Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥135, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last 3 years. Earnings per share has grown by 55%. Revenue is forecast to grow by 136% in 2 years. Earnings is forecast to grow by 136% in the next 2 years. Major Estimate Revision • May 18
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥11.2b to CN¥10.0b. EPS estimate fell from CN¥5.12 to CN¥5.06 per share. Net income forecast to grow 77% next year vs 59% growth forecast for Electrical industry in China. Consensus price target down from CN¥200 to CN¥164. Share price was steady at CN¥108 over the past week.