Annuncio • Jun 30
Chengdu Road & Bridge Engineering CO.,LTD to Report First Half, 2026 Results on Aug 21, 2026 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report first half, 2026 results on Aug 21, 2026 Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Independent Director Yunchuan Ou was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 15
Chengdu Road & Bridge Engineering CO.,LTD, Annual General Meeting, May 14, 2026 Chengdu Road & Bridge Engineering CO.,LTD, Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: 37F, No. 1777, Tianfu Avenue North Section, Hi-tech Zone, Chengdu, Sichuan China Annuncio • Mar 31
Chengdu Road & Bridge Engineering CO.,LTD to Report Q1, 2026 Results on Apr 30, 2026 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report Q1, 2026 results on Apr 30, 2026 Annuncio • Dec 31
Chengdu Road & Bridge Engineering CO.,LTD to Report Fiscal Year 2025 Results on Apr 16, 2026 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report fiscal year 2025 results on Apr 16, 2026 Annuncio • Nov 05
Chengdu Road & Bridge Engineering Co.,Ltd Appoints Ou Yunchuan, Non-Independent Director Chengdu Road & Bridge Engineering CO.,LTD held its 2nd Extraordinary General Meeting of 2025 on 03 November 2025, approved the appointment of Ou Yunchuan, non-independent director. Annuncio • Sep 30
Chengdu Road & Bridge Engineering CO.,LTD to Report Q3, 2025 Results on Oct 27, 2025 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report Q3, 2025 results on Oct 27, 2025 Annuncio • Jul 02
Chengdu Road & Bridge Engineering CO.,LTD to Report First Half, 2025 Results on Aug 29, 2025 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report first half, 2025 results on Aug 29, 2025 Annuncio • Apr 10
Chengdu Road & Bridge Engineering CO.,LTD, Annual General Meeting, May 07, 2025 Chengdu Road & Bridge Engineering CO.,LTD, Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: 37F, No. 1777, Tianfu Avenue North Section, Hi-tech Zone, Chengdu, Sichuan China Annuncio • Mar 31
Chengdu Road & Bridge Engineering CO.,LTD to Report Q1, 2025 Results on Apr 30, 2025 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 31
Chengdu Road & Bridge Engineering CO.,LTD to Report Fiscal Year 2024 Results on Apr 10, 2025 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report fiscal year 2024 results on Apr 10, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.014 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.011 (down from CN¥0.014 in 3Q 2023). Revenue: CN¥166.4m (down 45% from 3Q 2023). Net income: CN¥7.17m (down 32% from 3Q 2023). Profit margin: 4.3% (up from 3.5% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Annuncio • Sep 30
Chengdu Road & Bridge Engineering CO.,LTD to Report Q3, 2024 Results on Oct 31, 2024 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.046 loss per share (vs CN¥0.001 profit in 2Q 2023) Second quarter 2024 results: CN¥0.046 loss per share (down from CN¥0.001 profit in 2Q 2023). Revenue: CN¥207.5m (down 43% from 2Q 2023). Net loss: CN¥31.4m (down CN¥31.9m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Aug 24
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 7.0% 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 (3.7% operating cash flow to total debt). Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Annuncio • Jun 29
Chengdu Road & Bridge Engineering CO.,LTD to Report First Half, 2024 Results on Aug 27, 2024 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • May 28
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: 0.4% Last year net profit margin: 0.7% 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 Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Earnings have declined by 10% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.005 (vs CN¥0.005 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.005 (in line with 1Q 2023). Revenue: CN¥162.4m (down 14% from 1Q 2023). Net income: CN¥3.56m (down 14% from 1Q 2023). Profit margin: 2.2% (in line with 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Annuncio • May 01
Chengdu Road & Bridge Engineering CO.,LTD, Annual General Meeting, May 21, 2024 Chengdu Road & Bridge Engineering CO.,LTD, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: 37F, No. 1777, Tianfu Avenue North Section, High-tech Zone, Chengdu, Sichuan China Annuncio • Mar 30
Chengdu Road & Bridge Engineering CO.,LTD to Report Q1, 2024 Results on Apr 26, 2024 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥2.81, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 20x in the Construction industry in China. Total loss to shareholders of 19% over the past three years. Annuncio • Dec 30
Chengdu Road & Bridge Engineering CO.,LTD to Report Fiscal Year 2023 Results on Apr 20, 2024 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Nov 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 3.2% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (131% cash payout ratio). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.11 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.001 (up from CN¥0.11 loss in 2Q 2022). Revenue: CN¥364.0m (down 4.7% from 2Q 2022). Net income: CN¥500.8k (up CN¥52.4m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Jul 14
Chengdu Road & Bridge Engineering CO.,LTD Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 20 July 2023 Chengdu Road & Bridge Engineering CO.,LTD announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.23000000 for the year 2022, payable on 20 July 2023. Record date is 19 July 2023. Ex-date is 20 July 2023. Annuncio • Jul 01
Chengdu Road & Bridge Engineering CO.,LTD to Report First Half, 2023 Results on Aug 11, 2023 Chengdu Road & Bridge Engineering CO.,LTD announced that they will report first half, 2023 results on Aug 11, 2023 Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.10 in FY 2021) Full year 2022 results: EPS: CN¥0.01 (down from CN¥0.10 in FY 2021). Revenue: CN¥1.34b (down 25% from FY 2021). Net income: CN¥9.14m (down 88% from FY 2021). Profit margin: 0.7% (down from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-independent Director Qifu Liu is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.003 loss per share (vs CN¥0.001 profit in 3Q 2021) Third quarter 2022 results: CN¥0.003 loss per share (down from CN¥0.001 profit in 3Q 2021). Revenue: CN¥308.5m (up 7.3% from 3Q 2021). Net loss: CN¥2.94m (down 418% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
Second quarter 2022 earnings released: CN¥0.11 loss per share (vs CN¥0.008 profit in 2Q 2021) Second quarter 2022 results: CN¥0.11 loss per share (down from CN¥0.008 profit in 2Q 2021). Revenue: CN¥382.1m (up 3.2% from 2Q 2021). Net loss: CN¥51.9m (down CN¥57.3m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.02 (down from CN¥0.07 in 1Q 2021). Revenue: CN¥206.8m (down 60% from 1Q 2021). Net income: CN¥17.7m (down 67% from 1Q 2021). Profit margin: 8.6% (down from 11% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 12 experienced directors. No highly experienced directors. Deputy GM, Non-Independent Director & Chief Engineer Ji Wei Xu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in FY 2020) Full year 2021 results: EPS: CN¥0.10 (down from CN¥0.11 in FY 2020). Revenue: CN¥1.79b (down 18% from FY 2020). Net income: CN¥79.0m (down 3.3% from FY 2020). Profit margin: 4.4% (up from 3.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥3.97, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 21x in the Construction industry in China. Total loss to shareholders of 20% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.02 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥287.6m (down 29% from 3Q 2020). Net income: CN¥924.3k (down 95% from 3Q 2020). Profit margin: 0.3% (down from 4.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.028 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥370.2m (down 38% from 2Q 2020). Net income: CN¥5.34m (down 81% from 2Q 2020). Profit margin: 1.4% (down from 4.8% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥512.8m (up 43% from 1Q 2020). Net income: CN¥53.7m (up 328% from 1Q 2020). Profit margin: 11% (up from 3.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS CN¥0.11 (vs CN¥0.06 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.18b (down 22% from FY 2019). Net income: CN¥81.7m (up 89% from FY 2019). Profit margin: 3.8% (up from 1.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥3.38 The company is down 15% from its price of CN¥3.98 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥3.57 The company is down 11% from its price of CN¥4.00 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥3.90 The company is down 7.0% from its price of CN¥4.20 on 18 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥3.91 The company is down 8.0% from its price of CN¥4.23 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 6.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥70.0m, up 89% from the prior year. Total revenue was CN¥2.24b over the last 12 months, down 19% from the prior year. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥3.93 The company is down 1.0% from its price of CN¥3.97 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 1.0% over the same period. 
