お知らせ • Apr 24
Foshan Golden Milky Way Intelligent Equipment Co., Ltd., Annual General Meeting, May 21, 2026 Foshan Golden Milky Way Intelligent Equipment Co., Ltd., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China お知らせ • Mar 31
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 お知らせ • Dec 31
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 お知らせ • Sep 30
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 お知らせ • Jul 02
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report First Half, 2025 Results on Aug 12, 2025 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report first half, 2025 results on Aug 12, 2025 お知らせ • Apr 23
Foshan Golden Milky Way Intelligent Equipment Co., Ltd., Annual General Meeting, May 15, 2025 Foshan Golden Milky Way Intelligent Equipment Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China お知らせ • Mar 31
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 お知らせ • Jan 17
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. Approves Directorate Appointments Foshan Golden Milky Way Intelligent Equipment Co., Ltd. at its Extraordinary General Meeting of 2025 on 15 January 2025, approved appointment of Zhou Jianquan as non-independent director; Yang Chengi as independent director; Chen Yongas independent director and Cao Fucheng as independent director. お知らせ • Dec 31
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.024 (vs CN¥0.42 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.024 (down from CN¥0.42 in 3Q 2023). Revenue: CN¥475.2m (down 36% from 3Q 2023). Net income: CN¥3.19m (down 94% from 3Q 2023). Profit margin: 0.7% (down from 6.6% in 3Q 2023). お知らせ • Sep 30
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.012 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.012 (down from CN¥0.33 in 2Q 2023). Revenue: CN¥454.7m (down 32% from 2Q 2023). Net income: CN¥1.65m (down 96% from 2Q 2023). Profit margin: 0.4% (down from 5.7% in 2Q 2023). Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.35, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 26x in the Machinery industry in China. Total loss to shareholders of 53% over the past year. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.83, the stock trades at a trailing P/E ratio of 45.9x. Average trailing P/E is 28x in the Machinery industry in China. Total loss to shareholders of 59% over the past year. New Risk • Jul 01
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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). お知らせ • Jun 29
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 お知らせ • Jun 08
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. Announces Dividend on Share A for the Year 2023, Payable on June 14, 2024 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. Announced Cash dividend/10 shares (tax included): CNY2.73000000 on Share A for the Year 2023, Payable on June 14, 2024, Record date: 13 June 2024, Ex-date: 14 June 2024. New Risk • May 18
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). High level of non-cash earnings (39% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Apr 29
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: 2.7% Last year net profit margin: 4.8% 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 Risk High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). お知らせ • Apr 27
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. Announces Profit Distribution Proposal for 2023 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included) of CNY 2.73000000. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥1.05 (vs CN¥0.76 in FY 2022) Full year 2023 results: EPS: CN¥1.05 (up from CN¥0.76 in FY 2022). Revenue: CN¥2.25b (up 24% from FY 2022). Net income: CN¥93.7m (up 41% from FY 2022). Profit margin: 4.2% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. お知らせ • Apr 26
Foshan Golden Milky Way Intelligent Equipment Co., Ltd., Annual General Meeting, May 17, 2024 Foshan Golden Milky Way Intelligent Equipment Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Apr 22
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 12% 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 (currently running at an operating cash loss). High level of non-cash earnings (56% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥37.80, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 28x in the Machinery industry in China. Total loss to shareholders of 36% over the past year. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥44.89, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 32x in the Machinery industry in China. Total loss to shareholders of 28% over the past year. お知らせ • Mar 30
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥40.78, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 26x in the Machinery industry in China. お知らせ • Dec 29
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024 New Risk • Oct 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). High level of non-cash earnings (51% accrual ratio). Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.55 (vs CN¥0.31 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.55 (up from CN¥0.31 in 3Q 2022). Revenue: CN¥747.5m (up 53% from 3Q 2022). Net income: CN¥49.1m (up 75% from 3Q 2022). Profit margin: 6.6% (up from 5.7% in 3Q 2022). The increase in margin was driven by higher revenue. お知らせ • Sep 30
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 New Risk • Aug 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 (24% accrual ratio). Minor Risk High level of debt (67% net debt to equity). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: CN¥0.43 (vs CN¥0.33 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.43 (up from CN¥0.33 in 2Q 2022). Revenue: CN¥669.2m (up 27% from 2Q 2022). Net income: CN¥38.3m (up 36% from 2Q 2022). Profit margin: 5.7% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. お知らせ • Jul 06
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 10, 2023 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.80000000 on A shares for the year 2022. Record date is July 7, 2023. Ex-date is July 10, 2023. Payment date is July 10, 2023. お知らせ • Jul 01
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. to Report First Half, 2023 Results on Aug 03, 2023 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that they will report first half, 2023 results on Aug 03, 2023 お知らせ • May 18
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. Approves Cash Dividend for 2022 Foshan Golden Milky Way Intelligent Equipment Co., Ltd. announced that at the Annual General Meeting of 2022 held on 16 May 2023 approved Cash dividend/10 shares (tax included) of CNY 0.80000000 for 2022.