Changzheng Engineering TechnologyLtd（603698）株式概要長正工程技術有限公司は、中華人民共和国において、航空宇宙用微粉炭加圧ガス化技術と設備の研究開発、エンジニアリング設計、技術、設備供給、EPC総合エンジニアリング請負サービスを提供しています。 詳細603698 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長4/6過去の実績3/6財務の健全性4/6配当金2/6報酬収益は年間30.97%増加すると予測されています 過去1年間で収益は6.4%増加しました リスク分析高いレベルの非現金収入 CN市場と比較した過去 3 か月間の株価の変動0.49%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る603698 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueCN¥Current PriceCN¥30.6935.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture09b2016201920222025202620282031Revenue CN¥9.3bEarnings CN¥481.0mAdvancedSet Fair ValueView all narrativesChangzheng Engineering Technology Co.,Ltd 競合他社China Petroleum EngineeringSymbol: SHSE:600339Market cap: CN¥18.0bSino GeophysicalSymbol: SZSE:300191Market cap: CN¥9.3bZhongman Petroleum and Natural Gas GroupLtdSymbol: SHSE:603619Market cap: CN¥10.9bOffshore Oil EngineeringLtdSymbol: SHSE:600583Market cap: CN¥23.9b価格と性能株価の高値、安値、推移の概要Changzheng Engineering TechnologyLtd過去の株価現在の株価CN¥30.6952週高値CN¥48.4052週安値CN¥16.15ベータ1.01ヶ月の変化-30.89%3ヶ月変化-4.48%1年変化79.05%3年間の変化115.52%5年間の変化59.02%IPOからの変化121.28%最新ニュースValuation Update With 7 Day Price Move • May 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥32.60, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 29x in the Energy Services industry in China. Total returns to shareholders of 128% over the past three years.Declared Dividend • May 23Dividend of CN¥0.075 announcedShareholders will receive a dividend of CN¥0.075. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. 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 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 123% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% 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 (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change).Price Target Changed • Apr 07Price target increased by 68% to CN¥37.00Up from CN¥22.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥29.03. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.40 last year.New Risk • Mar 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (28% accrual ratio).Reported Earnings • Mar 31Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.40 (up from CN¥0.35 in FY 2024). Revenue: CN¥4.22b (up 24% from FY 2024). Net income: CN¥216.5m (up 14% from FY 2024). Profit margin: 5.1% (down from 5.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • May 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥32.60, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 29x in the Energy Services industry in China. Total returns to shareholders of 128% over the past three years.Declared Dividend • May 23Dividend of CN¥0.075 announcedShareholders will receive a dividend of CN¥0.075. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. 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 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 123% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% 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 (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change).Price Target Changed • Apr 07Price target increased by 68% to CN¥37.00Up from CN¥22.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥29.03. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.40 last year.New Risk • Mar 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (28% accrual ratio).Reported Earnings • Mar 31Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.40 (up from CN¥0.35 in FY 2024). Revenue: CN¥4.22b (up 24% from FY 2024). Net income: CN¥216.5m (up 14% from FY 2024). Profit margin: 5.1% (down from 5.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 31Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 22, 2026Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing Chinaお知らせ • Mar 30Changzheng Engineering Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026New Risk • Dec 10New minor risk - Share price stabilityThe 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin).Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥23.67, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 21x in the Energy Services industry in China. Total returns to shareholders of 89% over the past three years.Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.07 (in line with 3Q 2024). Revenue: CN¥999.6m (up 77% from 3Q 2024). Net income: CN¥37.6m (up 2.3% from 3Q 2024). Profit margin: 3.8% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Changzheng Engineering Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥19.69, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 16x in the Energy Services industry in China. Total returns to shareholders of 56% over the past three years.New Risk • Sep 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.1% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).お知らせ • Jun 30Changzheng Engineering Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025Reported Earnings • May 02First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.02 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.06 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥847.4m (up 257% from 1Q 2024). Net income: CN¥33.9m (up 164% from 1Q 2024). Profit margin: 4.0% (down from 5.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.Reported Earnings • Apr 01Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: CN¥0.35 (in line with FY 2023). Revenue: CN¥3.41b (up 22% from FY 2023). Net income: CN¥189.2m (up 1.1% from FY 2023). Profit margin: 5.5% (down from 6.7% in FY 2023). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.お知らせ • Apr 01Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 25, 2025Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing Chinaお知らせ • Mar 28Changzheng Engineering Technology Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025分析記事 • Feb 10Is Changzheng Engineering TechnologyLtd (SHSE:603698) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Jan 02Changzheng Engineering TechnologyLtd (SHSE:603698) Will Want To Turn Around Its Return TrendsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...お知らせ • Dec 27Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 01, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 01, 2025分析記事 • Nov 18Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) 31% Share Price Surge Not Quite Adding UpDespite an already strong run, Changzheng Engineering Technology Co.,Ltd ( SHSE:603698 ) shares have been powering on...Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥18.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Energy Services industry in China. Total returns to shareholders of 18% over the past three years.分析記事 • Nov 05Why Changzheng Engineering TechnologyLtd's (SHSE:603698) Earnings Are Weaker Than They SeemStrong earnings weren't enough to please Changzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) shareholders over...Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.06 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.06 in 3Q 2023). Revenue: CN¥563.4m (up 9.4% from 3Q 2023). Net income: CN¥36.8m (up 13% from 3Q 2023). Profit margin: 6.5% (up from 6.3% in 3Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.分析記事 • Oct 23Changzheng Engineering TechnologyLtd (SHSE:603698) Has A Rock Solid Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Sep 30Changzheng Engineering Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Energy Services industry in China. Total returns to shareholders of 3.0% over the past three years.分析記事 • Sep 29Why We're Not Concerned About Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) Share PriceChangzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) price-to-earnings (or "P/E") ratio of 36.2x might make it...Reported Earnings • Sep 01Second quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.071 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.071 in 2Q 2023). Revenue: CN¥866.4m (up 90% from 2Q 2023). Net income: CN¥78.0m (up 121% from 2Q 2023). Profit margin: 9.0% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.分析記事 • Aug 29Some Investors May Be Worried About Changzheng Engineering TechnologyLtd's (SHSE:603698) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Declared Dividend • Jul 01Dividend of CN¥0.10 announcedShareholders will receive a dividend of CN¥0.10. Ex-date: 5th July 2024 Payment date: 5th July 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 28Changzheng Engineering Technology Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024分析記事 • Apr 26Changzheng Engineering TechnologyLtd (SHSE:603698) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereInvestors signalled that they were pleased with Changzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) most recent...お知らせ • Apr 21Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, May 16, 2024Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing ChinaReported Earnings • Apr 20Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.35 (up from CN¥0.31 in FY 2022). Revenue: CN¥2.81b (up 12% from FY 2022). Net income: CN¥187.2m (up 12% from FY 2022). Profit margin: 6.7% (in line with FY 2022). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year.お知らせ • Mar 29Changzheng Engineering Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024分析記事 • Feb 29Why Investors Shouldn't Be Surprised By Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) P/EChangzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) price-to-earnings (or "P/E") ratio of 41.5x might make it...Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥11.31, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Energy Services industry in China. Total loss to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.84 per share.お知らせ • Dec 29Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.094 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.094 in 3Q 2022). Revenue: CN¥514.8m (down 36% from 3Q 2022). Net income: CN¥32.6m (down 37% from 3Q 2022). Profit margin: 6.3% (down from 6.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.10 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.071 (down from CN¥0.10 in 2Q 2022). Revenue: CN¥455.7m (up 7.0% from 2Q 2022). Net income: CN¥35.3m (down 22% from 2Q 2022). Profit margin: 7.8% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.お知らせ • Jun 28Changzheng Engineering Co.,LTD to Report First Half, 2023 Results on Aug 30, 2023Changzheng Engineering Co.,LTD announced that they will report first half, 2023 results on Aug 30, 2023Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥16.57, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 30x in the Energy Services industry in China. Total returns to shareholders of 53% over the past three years.Reported Earnings • Apr 23Full year 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.29 in FY 2021)Full year 2022 results: EPS: CN¥0.31 (up from CN¥0.29 in FY 2021). Revenue: CN¥2.51b (up 3.1% from FY 2021). Net income: CN¥167.1m (up 7.5% from FY 2021). Profit margin: 6.7% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥14.12, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 46x in the Energy Services industry in China. Total returns to shareholders of 17% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lujiang Xie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.06 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.06 (in line with 3Q 2021). Revenue: CN¥259.1m (down 37% from 3Q 2021). Net income: CN¥31.5m (up 6.8% from 3Q 2021). Profit margin: 12% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Board Change • Sep 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lujiang Xie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.078 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.10. Revenue: CN¥426.0m (up 14% from 2Q 2021). Net income: CN¥45.2m (flat on 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021).Reported Earnings • Apr 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.29 (down from CN¥0.33 in FY 2020). Revenue: CN¥2.43b (up 17% from FY 2020). Net income: CN¥155.5m (down 13% from FY 2020). Profit margin: 6.4% (down from 8.7% in FY 2020). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.094 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥408.2m (down 25% from 3Q 2020). Net income: CN¥29.5m (down 43% from 3Q 2020). Profit margin: 7.2% (down from 9.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥15.16, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 32x in the Energy Services industry in China. Total returns to shareholders of 27% over the past three years.Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.12 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥372.6m (down 3.3% from 2Q 2020). Net income: CN¥45.6m (down 7.8% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥20.64, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 24x in the Energy Services industry in China. Total returns to shareholders of 53% over the past three years.Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.29 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.07b (up 17% from FY 2019). Net income: CN¥179.3m (up 16% from FY 2019). Profit margin: 8.7% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥18.41, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 26x in the Energy Services industry in China. Total returns to shareholders of 38% over the past three years.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥14.40, the stock is trading at a trailing P/E ratio of 60.5x, up from the previous P/E ratio of 51.9x. This compares to an average P/E of 30x in the Energy Services industry in China. Total returns to shareholders over the past three years are 8.4%.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥12.07, the stock is trading at a trailing P/E ratio of 50.7x, down from the previous P/E ratio of 60.9x. This compares to an average P/E of 27x in the Energy Services industry in China. Total return to shareholders over the past three years is a loss of 5.4%.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥14.25, the stock is trading at a trailing P/E ratio of 59.9x, up from the previous P/E ratio of 51.2x. This compares to an average P/E of 27x in the Energy Services industry in China. Total return to shareholders over the past three years is a loss of 1.0%.Is New 90 Day High Low • Jan 04New 90-day high: CN¥12.12The company is up 6.0% from its price of CN¥11.41 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 1.0% over the same period.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥129.4m, down 13% from the prior year. Total revenue was CN¥1.82b over the last 12 months, up 6.1% from the prior year.お知らせ • Oct 29Changzheng Engineering Co.,LTD to Report Q3, 2020 Results on Oct 30, 2020Changzheng Engineering Co.,LTD announced that they will report Q3, 2020 results on Oct 30, 2020Is New 90 Day High Low • Oct 26New 90-day low: CN¥11.22The company is down 7.0% from its price of CN¥12.03 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is flat over the same period.株主還元603698CN Energy ServicesCN 市場7D-5.6%-1.5%-2.1%1Y79.1%72.1%28.0%株主還元を見る業界別リターン: 603698過去 1 年間で72.1 % の収益を上げたCN Energy Services業界を上回りました。リターン対市場: 603698過去 1 年間で28 % の収益を上げたCN市場を上回りました。価格変動Is 603698's price volatile compared to industry and market?603698 volatility603698 Average Weekly Movement9.2%Energy Services Industry Average Movement7.3%Market Average Movement6.6%10% most volatile stocks in CN Market10.4%10% least volatile stocks in CN Market4.2%安定した株価: 603698の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 603698の weekly volatility ( 9% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2007958Qingjun Sunwww.china-ceco.com長正工程技術有限公司は、中華人民共和国において、航空宇宙微粉炭加圧ガス化技術と設備の研究開発、エンジニアリング設計、技術、設備供給、EPC総合エンジニアリング請負サービスを提供している。前身は長正工程有限公司で、2023年10月に長正工程科技有限公司に社名変更。同社は2007年に設立され、中華人民共和国北京市に本社を置く。もっと見るChangzheng Engineering Technology Co.,Ltd 基礎のまとめChangzheng Engineering TechnologyLtd の収益と売上を時価総額と比較するとどうか。603698 基礎統計学時価総額CN¥16.45b収益（TTM）CN¥223.61m売上高(TTM)CN¥4.33b73.6xPER（株価収益率3.8xP/Sレシオ603698 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計603698 損益計算書（TTM）収益CN¥4.33b売上原価CN¥3.52b売上総利益CN¥801.81mその他の費用CN¥578.20m収益CN¥223.61m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.42グロス・マージン18.53%純利益率5.17%有利子負債／自己資本比率38.0%603698 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.5%現在の配当利回り31%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 01:22終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Changzheng Engineering Technology Co.,Ltd 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Jie HuangCitic Securities Co., Ltd.Dao Li HuangGuosen Securities Co., Ltd.
Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥32.60, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 29x in the Energy Services industry in China. Total returns to shareholders of 128% over the past three years.
Declared Dividend • May 23Dividend of CN¥0.075 announcedShareholders will receive a dividend of CN¥0.075. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. 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 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 123% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% 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 (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change).
Price Target Changed • Apr 07Price target increased by 68% to CN¥37.00Up from CN¥22.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥29.03. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.40 last year.
New Risk • Mar 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (28% accrual ratio).
Reported Earnings • Mar 31Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.40 (up from CN¥0.35 in FY 2024). Revenue: CN¥4.22b (up 24% from FY 2024). Net income: CN¥216.5m (up 14% from FY 2024). Profit margin: 5.1% (down from 5.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥32.60, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 29x in the Energy Services industry in China. Total returns to shareholders of 128% over the past three years.
Declared Dividend • May 23Dividend of CN¥0.075 announcedShareholders will receive a dividend of CN¥0.075. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. 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 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 123% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 28New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% 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 (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change).
Price Target Changed • Apr 07Price target increased by 68% to CN¥37.00Up from CN¥22.00, the current price target is provided by 1 analyst. New target price is 27% above last closing price of CN¥29.03. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.40 last year.
New Risk • Mar 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 28% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (28% accrual ratio).
Reported Earnings • Mar 31Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.40 (up from CN¥0.35 in FY 2024). Revenue: CN¥4.22b (up 24% from FY 2024). Net income: CN¥216.5m (up 14% from FY 2024). Profit margin: 5.1% (down from 5.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 31Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 22, 2026Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China
お知らせ • Mar 30Changzheng Engineering Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026
New Risk • Dec 10New minor risk - Share price stabilityThe 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin).
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥23.67, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 21x in the Energy Services industry in China. Total returns to shareholders of 89% over the past three years.
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.07 (in line with 3Q 2024). Revenue: CN¥999.6m (up 77% from 3Q 2024). Net income: CN¥37.6m (up 2.3% from 3Q 2024). Profit margin: 3.8% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Changzheng Engineering Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥19.69, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 16x in the Energy Services industry in China. Total returns to shareholders of 56% over the past three years.
New Risk • Sep 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.1% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).
お知らせ • Jun 30Changzheng Engineering Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025
Reported Earnings • May 02First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.02 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.06 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥847.4m (up 257% from 1Q 2024). Net income: CN¥33.9m (up 164% from 1Q 2024). Profit margin: 4.0% (down from 5.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year.
Reported Earnings • Apr 01Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: CN¥0.35 (in line with FY 2023). Revenue: CN¥3.41b (up 22% from FY 2023). Net income: CN¥189.2m (up 1.1% from FY 2023). Profit margin: 5.5% (down from 6.7% in FY 2023). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
お知らせ • Apr 01Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 25, 2025Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China
お知らせ • Mar 28Changzheng Engineering Technology Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025
分析記事 • Feb 10Is Changzheng Engineering TechnologyLtd (SHSE:603698) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Jan 02Changzheng Engineering TechnologyLtd (SHSE:603698) Will Want To Turn Around Its Return TrendsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
お知らせ • Dec 27Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 01, 2025Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 01, 2025
分析記事 • Nov 18Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) 31% Share Price Surge Not Quite Adding UpDespite an already strong run, Changzheng Engineering Technology Co.,Ltd ( SHSE:603698 ) shares have been powering on...
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥18.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Energy Services industry in China. Total returns to shareholders of 18% over the past three years.
分析記事 • Nov 05Why Changzheng Engineering TechnologyLtd's (SHSE:603698) Earnings Are Weaker Than They SeemStrong earnings weren't enough to please Changzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) shareholders over...
Reported Earnings • Nov 01Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.06 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.06 in 3Q 2023). Revenue: CN¥563.4m (up 9.4% from 3Q 2023). Net income: CN¥36.8m (up 13% from 3Q 2023). Profit margin: 6.5% (up from 6.3% in 3Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year.
分析記事 • Oct 23Changzheng Engineering TechnologyLtd (SHSE:603698) Has A Rock Solid Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Sep 30Changzheng Engineering Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Energy Services industry in China. Total returns to shareholders of 3.0% over the past three years.
分析記事 • Sep 29Why We're Not Concerned About Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) Share PriceChangzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) price-to-earnings (or "P/E") ratio of 36.2x might make it...
Reported Earnings • Sep 01Second quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.071 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.071 in 2Q 2023). Revenue: CN¥866.4m (up 90% from 2Q 2023). Net income: CN¥78.0m (up 121% from 2Q 2023). Profit margin: 9.0% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
分析記事 • Aug 29Some Investors May Be Worried About Changzheng Engineering TechnologyLtd's (SHSE:603698) Returns On CapitalWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Declared Dividend • Jul 01Dividend of CN¥0.10 announcedShareholders will receive a dividend of CN¥0.10. Ex-date: 5th July 2024 Payment date: 5th July 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 28Changzheng Engineering Technology Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024
分析記事 • Apr 26Changzheng Engineering TechnologyLtd (SHSE:603698) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereInvestors signalled that they were pleased with Changzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) most recent...
お知らせ • Apr 21Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, May 16, 2024Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China
Reported Earnings • Apr 20Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.35 (up from CN¥0.31 in FY 2022). Revenue: CN¥2.81b (up 12% from FY 2022). Net income: CN¥187.2m (up 12% from FY 2022). Profit margin: 6.7% (in line with FY 2022). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year.
お知らせ • Mar 29Changzheng Engineering Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024
分析記事 • Feb 29Why Investors Shouldn't Be Surprised By Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) P/EChangzheng Engineering Technology Co.,Ltd's ( SHSE:603698 ) price-to-earnings (or "P/E") ratio of 41.5x might make it...
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥11.31, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Energy Services industry in China. Total loss to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.84 per share.
お知らせ • Dec 29Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.094 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.094 in 3Q 2022). Revenue: CN¥514.8m (down 36% from 3Q 2022). Net income: CN¥32.6m (down 37% from 3Q 2022). Profit margin: 6.3% (down from 6.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.10 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.071 (down from CN¥0.10 in 2Q 2022). Revenue: CN¥455.7m (up 7.0% from 2Q 2022). Net income: CN¥35.3m (down 22% from 2Q 2022). Profit margin: 7.8% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.
お知らせ • Jun 28Changzheng Engineering Co.,LTD to Report First Half, 2023 Results on Aug 30, 2023Changzheng Engineering Co.,LTD announced that they will report first half, 2023 results on Aug 30, 2023
Valuation Update With 7 Day Price Move • Jun 19Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥16.57, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 30x in the Energy Services industry in China. Total returns to shareholders of 53% over the past three years.
Reported Earnings • Apr 23Full year 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.29 in FY 2021)Full year 2022 results: EPS: CN¥0.31 (up from CN¥0.29 in FY 2021). Revenue: CN¥2.51b (up 3.1% from FY 2021). Net income: CN¥167.1m (up 7.5% from FY 2021). Profit margin: 6.7% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year.
Valuation Update With 7 Day Price Move • Jan 19Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥14.12, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 46x in the Energy Services industry in China. Total returns to shareholders of 17% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lujiang Xie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.06 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.06 (in line with 3Q 2021). Revenue: CN¥259.1m (down 37% from 3Q 2021). Net income: CN¥31.5m (up 6.8% from 3Q 2021). Profit margin: 12% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Board Change • Sep 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lujiang Xie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.078 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.10. Revenue: CN¥426.0m (up 14% from 2Q 2021). Net income: CN¥45.2m (flat on 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021).
Reported Earnings • Apr 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.29 (down from CN¥0.33 in FY 2020). Revenue: CN¥2.43b (up 17% from FY 2020). Net income: CN¥155.5m (down 13% from FY 2020). Profit margin: 6.4% (down from 8.7% in FY 2020). Revenue missed analyst estimates by 40%. Earnings per share (EPS) also missed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.094 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥408.2m (down 25% from 3Q 2020). Net income: CN¥29.5m (down 43% from 3Q 2020). Profit margin: 7.2% (down from 9.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥15.16, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 32x in the Energy Services industry in China. Total returns to shareholders of 27% over the past three years.
Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.12 in 2Q 2020)The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥372.6m (down 3.3% from 2Q 2020). Net income: CN¥45.6m (down 7.8% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥20.64, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 24x in the Energy Services industry in China. Total returns to shareholders of 53% over the past three years.
Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.29 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.07b (up 17% from FY 2019). Net income: CN¥179.3m (up 16% from FY 2019). Profit margin: 8.7% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥18.41, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 26x in the Energy Services industry in China. Total returns to shareholders of 38% over the past three years.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥14.40, the stock is trading at a trailing P/E ratio of 60.5x, up from the previous P/E ratio of 51.9x. This compares to an average P/E of 30x in the Energy Services industry in China. Total returns to shareholders over the past three years are 8.4%.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥12.07, the stock is trading at a trailing P/E ratio of 50.7x, down from the previous P/E ratio of 60.9x. This compares to an average P/E of 27x in the Energy Services industry in China. Total return to shareholders over the past three years is a loss of 5.4%.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥14.25, the stock is trading at a trailing P/E ratio of 59.9x, up from the previous P/E ratio of 51.2x. This compares to an average P/E of 27x in the Energy Services industry in China. Total return to shareholders over the past three years is a loss of 1.0%.
Is New 90 Day High Low • Jan 04New 90-day high: CN¥12.12The company is up 6.0% from its price of CN¥11.41 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 1.0% over the same period.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥129.4m, down 13% from the prior year. Total revenue was CN¥1.82b over the last 12 months, up 6.1% from the prior year.
お知らせ • Oct 29Changzheng Engineering Co.,LTD to Report Q3, 2020 Results on Oct 30, 2020Changzheng Engineering Co.,LTD announced that they will report Q3, 2020 results on Oct 30, 2020
Is New 90 Day High Low • Oct 26New 90-day low: CN¥11.22The company is down 7.0% from its price of CN¥12.03 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is flat over the same period.
