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. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Ming Zhao was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 20
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 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 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 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 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 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 returns to shareholders of 17% over the past year. 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 4.0% over the past year. 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 3.8% over the past year. 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 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 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 • Feb 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥77.98, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Machinery industry in China. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: CN¥1.10 (vs CN¥0.66 in FY 2022) 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 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. 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. 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. Board Change • Mar 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). 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. Insufficient board refreshment. 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. 
