Valuation Update With 7 Day Price Move • 4h
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥23.88, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 73x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Annuncio • Jun 30
Chengdu Galaxy Magnets Co.,Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 08
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 14% higher than last year. Ex-date: 9th June 2026 Payment date: 9th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jun 05
Chengdu Galaxy Magnets Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2025, Payable on 9 June 2026 Chengdu Galaxy Magnets Co.,Ltd. announced 2025 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 4.00000000. Record date: 08 June 2026, Ex-date: 09 June 2026, Payment date: 09 June 2026. Annuncio • Mar 31
Chengdu Galaxy Magnets Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: CN¥0.55 (vs CN¥0.46 in FY 2024) Full year 2025 results: EPS: CN¥0.55 (up from CN¥0.46 in FY 2024). Revenue: CN¥857.9m (up 7.4% from FY 2024). Net income: CN¥177.7m (up 21% from FY 2024). Profit margin: 21% (up from 18% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Annuncio • Mar 28
Chengdu Galaxy Magnets Co.,Ltd., Annual General Meeting, Apr 23, 2026 Chengdu Galaxy Magnets Co.,Ltd., Annual General Meeting, Apr 23, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Annuncio • Dec 31
Chengdu Galaxy Magnets Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 New Risk • Dec 03
New major risk - Revenue and earnings growth Earnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (147% cash payout ratio). Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.11 in 3Q 2024). Revenue: CN¥224.4m (up 16% from 3Q 2024). Net income: CN¥61.0m (up 73% from 3Q 2024). Profit margin: 27% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Chengdu Galaxy Magnets Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Price Target Changed • Sep 29
Price target increased by 100% to CN¥27.04 Up from CN¥13.50, the current price target is provided by 1 analyst. New target price is 17% below last closing price of CN¥32.41. Stock is up 93% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.46 last year. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.98, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 136% over the past three years. Annuncio • Jul 02
Chengdu Galaxy Magnets Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jun 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 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.88, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 73% over the past three years. Annuncio • Jun 06
Chengdu Galaxy Magnets Co.,Ltd. Announces Board Appointments Chengdu Galaxy Magnets Co.,Ltd. at its 1st Extraordinary General Meeting of 2025 on 03 June 2025 elected Jiang Cai, independent director and Yang Bo, independent director. Upcoming Dividend • Jun 03
Upcoming dividend of CN¥0.35 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 10 June 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Chinese dividend payers (2.2%). In line with average of industry peers (1.4%). 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. 4 experienced directors. 8 highly experienced directors. Independent Director Min Luo was the last 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: Insufficient board refreshment. Reported Earnings • May 01
First quarter 2025 earnings released First quarter 2025 results: Revenue: CN¥179.4m (down 3.7% from 1Q 2024). Net income: CN¥39.4m (down 1.6% from 1Q 2024). Profit margin: 22% (in line with 1Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Price Target Changed • Apr 09
Price target increased by 91% to CN¥27.04 Up from CN¥14.13, the current price target is provided by 1 analyst. New target price is 7.1% below last closing price of CN¥29.11. Stock is up 66% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.46 last year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥29.35, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 81% over the past three years. Buy Or Sell Opportunity • Apr 08
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 6.5% to CN¥29.35. The fair value is estimated to be CN¥23.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Annuncio • Apr 01
Chengdu Galaxy Magnets Co.,Ltd. Proposes Final Cash Dividend for 2024 Chengdu Galaxy Magnets Co.,Ltd. announced on 31 March 2025 the profit distribution proposal for 2024, final Cash dividend/10 shares (tax included) of CNY 3.50000000. Annuncio • Mar 31
Chengdu Galaxy Magnets Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.46 (down from CN¥0.50 in FY 2023). Revenue: CN¥798.9m (down 3.0% from FY 2023). Net income: CN¥147.2m (down 8.6% from FY 2023). Profit margin: 18% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.0%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annuncio • Mar 29
Chengdu Galaxy Magnets Co.,Ltd., Annual General Meeting, Apr 24, 2025 Chengdu Galaxy Magnets Co.,Ltd., Annual General Meeting, Apr 24, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.94, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 35% over the past three years. Annuncio • Dec 31
Chengdu Galaxy Magnets Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥29.41, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Buy Or Sell Opportunity • Dec 04
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 164% to CN¥36.00. The fair value is estimated to be CN¥28.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥27.42, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.88, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.13 in 3Q 2023). Revenue: CN¥192.8m (down 8.6% from 3Q 2023). Net income: CN¥35.4m (down 17% from 3Q 2023). Profit margin: 18% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic 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 only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Chengdu Galaxy Magnets Co.,Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥16.76, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 4.4% over the past three years. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥211.2m (down 1.5% from 2Q 2023). Net income: CN¥38.5m (down 28% from 2Q 2023). Profit margin: 18% (down from 25% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 29
Chengdu Galaxy Magnets Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 21
Dividend of CN¥0.40 announced Dividend of CN¥0.40 is the same as last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 20
Chengdu Galaxy Magnets Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 26 June 2024 Chengdu Galaxy Magnets Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 4.00000000 for the year 2023, payable on 26 June 2024. Record date is 25 June 2024. Ex-date is 26 June 2024. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.18, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.15 in 1Q 2023). Revenue: CN¥186.2m (down 9.1% from 1Q 2023). Net income: CN¥40.1m (down 20% from 1Q 2023). Profit margin: 22% (down from 25% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥18.92, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.53 in FY 2022). Revenue: CN¥823.9m (down 17% from FY 2022). Net income: CN¥161.0m (down 6.1% from FY 2022). Profit margin: 20% (up from 17% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Dividend is not well covered by cash flows (126% cash payout ratio). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥13.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 2.1% over the past three years. Annuncio • Dec 30
Chengdu Galaxy Magnets Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.16 in 3Q 2022). Revenue: CN¥211.0m (down 16% from 3Q 2022). Net income: CN¥42.7m (down 21% from 3Q 2022). Profit margin: 20% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
Chengdu Galaxy Magnets Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 New Risk • Jul 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 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥21.64, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 28% over the past three years. Annuncio • Jun 09
Chengdu Galaxy Magnets Co.,Ltd. Announces Final Dividend Implementation on A Shares for 2022, Payable on June 15, 2023 Chengdu Galaxy Magnets Co.,Ltd. announced implementation of final Cash dividend per 10 shares (tax included) of CNY 4.00000000 on (A shares) for 2022. Record date: 14 June 2023, Ex-date: 15 June 2023, Payment date: 15 June 2023. Price Target Changed • Apr 07
Price target decreased by 19% to CN¥17.08 Down from CN¥21.15, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥16.64. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.53 last year. Reported Earnings • Mar 31
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.53 (down from CN¥0.60 in FY 2021). Revenue: CN¥992.1m (up 15% from FY 2021). Net income: CN¥171.5m (down 12% from FY 2021). Profit margin: 17% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16. Revenue: CN¥250.9m (up 7.8% from 3Q 2021). Net income: CN¥54.0m (up 2.4% from 3Q 2021). Profit margin: 22% (down from 23% in 3Q 2021). 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 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥274.7m (up 32% from 2Q 2021). Net income: CN¥52.6m (up 1.5% from 2Q 2021). Profit margin: 19% (down from 25% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 38%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Jun 09
Chengdu Galaxy Magnets Co.,Ltd. Announces Cash Dividend, Payable on 15 June 2022 Chengdu Galaxy Magnets Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 4.50000000. Record date as 14 June 2022, ex-date as 15 June 2022 and payment date as 15 June 2022. Annuncio • Jun 02
Chengdu Galaxy Magnets Co.,Ltd. Approves Election of Luo Min as Independent Directors and Mao Ronghua as Shareholder Supervisors Chengdu Galaxy Magnets Co.,Ltd. approved election of Luo Min as independent directors and Mao Ronghua as shareholder supervisors at the Extraordinary General Meeting of 2022 on May 31, 2022. Annuncio • Apr 27
Chengdu Galaxy Magnets Co.,Ltd. Approves Final Cash Dividend for the Year 2021 Chengdu Galaxy Magnets Co.,Ltd. approved final cash dividend/10 shares (tax included): CNY 4.50000000 for the year 2021, at its AGM held on April 22, 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.14 in 1Q 2021). Revenue: CN¥214.7m (up 17% from 1Q 2021). Net income: CN¥36.6m (down 19% from 1Q 2021). Profit margin: 17% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 44%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Independent Director Zhiqiang Liu is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 02
Chengdu Galaxy Magnets Co.,Ltd., Annual General Meeting, Apr 22, 2022 Chengdu Galaxy Magnets Co.,Ltd., Annual General Meeting, Apr 22, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider reappointment of audit firm; to consider 2021 profit distribution plan; to consider purchase of wealth management products with idle surplus raised funds; to consider purchase of wealth management products with idle proprietary funds; to consider plan for adjusting the remuneration for directors, supervisors and senior management; to consider amendments to the articles of associations of the Company; and to consider amendments to the rules of procedure governing the general meeting of shareholders. Annuncio • Mar 31
Chengdu Galaxy Magnets Co.,Ltd. Announces Final Cash Dividend for the Year 2021 Chengdu Galaxy Magnets Co.,Ltd. announced final cash dividend/10 shares (tax included): CNY 4.50000000 for the year 2021. Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.60 (up from CN¥0.46 in FY 2020). Revenue: CN¥861.1m (up 43% from FY 2020). Net income: CN¥193.7m (up 31% from FY 2020). Profit margin: 23% (down from 25% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 4.4%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥27.78, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 162% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.11 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥232.8m (up 55% from 3Q 2020). Net income: CN¥52.7m (up 54% from 3Q 2020). Profit margin: 23% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥21.54, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 101% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.12 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥208.8m (up 38% from 2Q 2020). Net income: CN¥51.8m (up 27% from 2Q 2020). Profit margin: 25% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥25.26, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 120% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.52, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 70% over the past three years. Reported Earnings • Apr 27
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.11 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥183.4m (up 34% from 1Q 2020). Net income: CN¥45.1m (up 30% from 1Q 2020). Profit margin: 25% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annuncio • Apr 26
Chengdu Galaxy Magnets Co.,Ltd. Approves Cash Dividend for the Year 2020 Chengdu Galaxy Magnets Co.,Ltd. approved cash dividend per 10 shares (tax included) of CNY 3.50000000 for the year 2020, at its AGM held on April 22, 2021. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.46 (vs CN¥0.46 in FY 2019) The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥604.3m (flat on FY 2019). Net income: CN¥148.4m (flat on FY 2019). Profit margin: 25% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 04
New 90-day high: CN¥18.88 The company is up 1.0% from its price of CN¥18.71 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.03 per share. Annuncio • Feb 24
Chengdu Galaxy Magnets Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.24, the stock is trading at a trailing P/E ratio of 37.5x, up from the previous P/E ratio of 32x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past three years are 22%. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥15.52 The company is down 32% from its price of CN¥22.82 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.12 per share. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS CN¥0.46 (vs CN¥0.46 in FY 2019) The company reported a mediocre full year result with flat earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥604.3m (flat on FY 2019). Net income: CN¥148.4m (flat on FY 2019). Profit margin: 25% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 7.8%, compared to a 31% growth forecast for the Electronic industry in China. Is New 90 Day High Low • Jan 09
New 90-day low: CN¥16.54 The company is down 14% from its price of CN¥19.25 on 09 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 Electronic industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.32 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥17.07 The company is down 19% from its price of CN¥21.08 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.33 per share. Is New 90 Day High Low • Dec 03
New 90-day low: CN¥18.63 The company is down 2.0% from its price of CN¥19.06 on 04 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.66 per share. Is New 90 Day High Low • Nov 03
New 90-day high: CN¥22.82 The company is up 21% from its price of CN¥18.88 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.71 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥146.9m, up 2.5% from the prior year. Total revenue was CN¥596.7m over the last 12 months, up 2.6% from the prior year. Annuncio • Oct 20
Chengdu Galaxy Magnets Co.,Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020 Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 17% share price gain to CN¥21.98, the stock is trading at a trailing P/E ratio of 46.7x, up from the previous P/E ratio of 39.9x. This compares to an average P/E of 50x in the Electronic industry in China. Total returns to shareholders over the past three years are 22%. Is New 90 Day High Low • Sep 24
New 90-day high: CN¥22.25 The company is up 40% from its price of CN¥15.94 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.94 per share. Annuncio • Aug 11
Chengdu Galaxy Magnets Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Chengdu Galaxy Magnets Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020