AVIC Chengdu Aircraft（302132）株式概要AVIC成都飛機有限公司は、中国内外の軍事・民生分野にインテリジェントな計測・制御製品を提供しています。 詳細302132 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績5/6財務の健全性4/6配当金3/6報酬株価収益率（ 42.9 x）は、 Electronic業界平均（ 58.2 x）を下回っています。収益は年間12.98%増加すると予測されています 過去1年間で収益は83.6%増加しました リスク分析1.81%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302132 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW485,803 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA485,803 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥55.6926.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture096b2016201920222025202620282031Revenue CN¥95.8bEarnings CN¥4.3bAdvancedSet Fair ValueView all narrativesAVIC Chengdu Aircraft Company Limited 競合他社HGTECHSymbol: SZSE:000988Market cap: CN¥107.7bRaytron TechnologyLtdSymbol: SHSE:688002Market cap: CN¥69.3bHKCSymbol: SZSE:001399Market cap: CN¥183.2bWuhan Guide InfraredSymbol: SZSE:002414Market cap: CN¥61.3b価格と性能株価の高値、安値、推移の概要AVIC Chengdu Aircraft過去の株価現在の株価CN¥55.6952週高値CN¥109.8052週安値CN¥51.76ベータ-1.071ヶ月の変化-2.44%3ヶ月変化-18.12%1年変化-34.71%3年間の変化0.34%5年間の変化258.60%IPOからの変化708.46%最新ニュースお知らせ • Jun 30AVIC Chengdu Aircraft Company Limited to Report First Half, 2026 Results on Aug 24, 2026AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2026 results on Aug 24, 2026Declared Dividend • Jun 15Dividend of CN¥0.39 announcedShareholders will receive a dividend of CN¥0.39. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (30% 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 40% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.072 (vs CN¥0.059 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.072 (up from CN¥0.059 in 1Q 2025). Revenue: CN¥5.95b (up 80% from 1Q 2025). Net income: CN¥192.7m (up 23% from 1Q 2025). Profit margin: 3.2% (down from 4.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Apr 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Apr 29AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan Chinaお知らせ • Mar 31AVIC Chengdu Aircraft Company Limited to Report Q1, 2026 Results on Apr 29, 2026AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026最新情報をもっと見るRecent updatesお知らせ • Jun 30AVIC Chengdu Aircraft Company Limited to Report First Half, 2026 Results on Aug 24, 2026AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2026 results on Aug 24, 2026Declared Dividend • Jun 15Dividend of CN¥0.39 announcedShareholders will receive a dividend of CN¥0.39. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (30% 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 40% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.072 (vs CN¥0.059 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.072 (up from CN¥0.059 in 1Q 2025). Revenue: CN¥5.95b (up 80% from 1Q 2025). Net income: CN¥192.7m (up 23% from 1Q 2025). Profit margin: 3.2% (down from 4.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Apr 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.お知らせ • Apr 29AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan Chinaお知らせ • Mar 31AVIC Chengdu Aircraft Company Limited to Report Q1, 2026 Results on Apr 29, 2026AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026New Risk • Jan 06New major risk - Revenue and earnings growthEarnings have declined by 7.7% 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 Earnings have declined by 7.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.お知らせ • Dec 31AVIC Chengdu Aircraft Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026AVIC Chengdu Aircraft Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.037 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.47 (up from CN¥0.037 in 3Q 2024). Revenue: CN¥27.6b (up CN¥27.2b from 3Q 2024). Net income: CN¥1.26b (up CN¥1.24b from 3Q 2024). Profit margin: 4.6% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30AVIC Chengdu Aircraft Company Limited to Report Q3, 2025 Results on Oct 29, 2025AVIC Chengdu Aircraft Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025New Risk • Sep 21New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Risks Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.6% average weekly change).Reported Earnings • Aug 28Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.10 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.10 in 2Q 2024). Revenue: CN¥17.4b (up CN¥16.9b from 2Q 2024). Net income: CN¥756.3m (up CN¥692.5m from 2Q 2024). Profit margin: 4.3% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% 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 12% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jul 02AVIC Chengdu Aircraft Company Limited to Report First Half, 2025 Results on Aug 28, 2025AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2025 results on Aug 28, 2025お知らせ • Jun 19Avic Chengdu Aircraft Company Limited Declares First Quarter Dividend on A Share of Year 2025, Payable on 24 June 2025AVIC Chengdu Aircraft Company Limited declared first quarter Cash dividend/10 shares (tax included) of CNY6.23000000 on A share of year 2025. Record date is 23 June 2025. Ex-date is 24 June 2025. Payment date is 24 June 2025.New Risk • May 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 356% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Revenue is less than US$1m.お知らせ • May 20AVIC Chengdu Aircraft Company Limited Approves Profit Distribution Plan for 2024AVIC Chengdu Aircraft Company Limited held its 2nd Extraordinary General Meeting of 2025 on 16 May 2025, were approved 2024 profit distribution plan as Cash dividend/10 shares (tax included): CNY 6.23000000.New Risk • May 07New 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 8.8% 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 Risk Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).New Risk • Apr 30New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.お知らせ • Apr 24AVIC Chengdu Aircraft Company Limited Approves Cash Dividend for 2024AVIC Chengdu Aircraft Company Limited at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.14000000 per 10 shares (tax included) for 2024.お知らせ • Mar 31AVIC Chengdu Aircraft Company Limited to Report Q1, 2025 Results on Apr 29, 2025AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025Reported Earnings • Mar 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: CN¥0.19 (up from CN¥0.17 in FY 2023). Revenue: CN¥1.78b (up 6.1% from FY 2023). Net income: CN¥112.3m (up 14% from FY 2023). Profit margin: 6.3% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 11% 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 29% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings.お知らせ • Mar 28AVIC Chengdu Aircraft Company Limited, Annual General Meeting, Apr 21, 2025AVIC Chengdu Aircraft Company Limited, Annual General Meeting, Apr 21, 2025, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan Chinaお知らせ • Jan 24Zhonghang Electronic Measuring Instruments Co.,Ltd Announces Board ChangesZhonghang Electronic Measuring Instruments Co.,Ltd held its 1st Extraordinary General Meeting of 2025 on 22 January 2025 were approved; Sui Shaochun, non-independent director, Jiang Min, non-independent director, Meng Jinqiang, non-independent director, Li Shimin, non-independent director, Xu Dongsheng, non-independent director, Sun Shaoshan, non-independent director, Tian Gang, non-independent director, Ye Zhongming, independent director, Li Bo, independent director, Guo Jianfeng, independent director Liu Zhewei, independent director, Nie Xiaoming, non-employee supervisor, Zhou Xunwen, non-employee supervisor.お知らせ • Dec 31Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Fiscal Year 2024 Results on Mar 14, 2025Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report fiscal year 2024 results on Mar 14, 2025Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.003 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.037 (up from CN¥0.003 loss in 3Q 2023). Revenue: CN¥370.4m (up 4.9% from 3Q 2023). Net income: CN¥19.2m (up CN¥20.8m from 3Q 2023). Profit margin: 5.2% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings.New Risk • Sep 30New 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 6.9% 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 Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.お知らせ • Sep 30Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024New Risk • Aug 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥492.4m (down 4.4% from 2Q 2023). Net income: CN¥63.8m (down 18% from 2Q 2023). Profit margin: 13% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.お知らせ • Jun 29Zhonghang Electronic Measuring Instruments Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.039 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.039 in 1Q 2023). Revenue: CN¥325.7m (down 9.0% from 1Q 2023). Net income: CN¥20.2m (down 12% from 1Q 2023). Profit margin: 6.2% (down from 6.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings.お知らせ • Mar 30Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024お知らせ • Mar 16Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 11, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 11, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 audit report; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider 2023 annual report and its summary; to consider 2023 ESG Report; to consider reappointment of 2024 audit firm;to consider 2024 connected transactions; to consider 2024 investment plan and increase of projects; and to consider 2024 financial budget report.Reported Earnings • Mar 15Full year 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.17 (down from CN¥0.33 in FY 2022). Revenue: CN¥1.68b (down 12% from FY 2022). Net income: CN¥98.2m (down 49% from FY 2022). Profit margin: 5.9% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.お知らせ • Dec 30Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Fiscal Year 2023 Results on Mar 15, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report fiscal year 2023 results on Mar 15, 2024Reported Earnings • Oct 25Third quarter 2023 earnings released: CN¥0.003 loss per share (vs CN¥0.12 profit in 3Q 2022)Third quarter 2023 results: CN¥0.003 loss per share (down from CN¥0.12 profit in 3Q 2022). Revenue: CN¥353.0m (down 31% from 3Q 2022). Net loss: CN¥1.59m (down 102% from profit in 3Q 2022). Revenue is forecast to grow 41% 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 fallen by 20% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.New Risk • Oct 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (9.2% net profit margin).Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2022). Revenue: CN¥515.1m (down 3.3% from 2Q 2022). Net income: CN¥77.9m (down 22% from 2Q 2022). Profit margin: 15% (down from 19% in 2Q 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings.New Risk • Jul 28New 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 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 (10% net profit margin).Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.043 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.043 in 1Q 2022). Revenue: CN¥357.8m (down 13% from 1Q 2022). Net income: CN¥22.9m (down 9.6% from 1Q 2022). Profit margin: 6.4% (up from 6.2% in 1Q 2022). The increase in margin was driven by lower expenses. 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 66% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improves as stock rises 149%After last week's 149% share price gain to CN¥26.34, the stock trades at a trailing P/E ratio of 65.9x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 146% over the past three years.お知らせ • Feb 04Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) agreed to acquire Chengdu Aircraft Industrial (Group) Co. Ltd. from Aviation Industry Corporation of China,Ltd.Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) agreed to acquire Chengdu Aircraft Industrial (Group) Co. Ltd. from Aviation Industry Corporation of China,Ltd. on February 1, 2023. Transaction is approved by Zhonghang Electronic's board. Transaction is subject to approval from Zhonghang Electronic's shareholders, 4.The assessment reports obtaining the filing of the authorized state-owned assets supervision and administration commission (SASAC), State Administration of Science, Technology and Industry for National Defense, Shenzhen Stock Exchange’s Approval, CSRC’s Approval and other necessary approval.Board Change • Feb 02High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥512.3m (flat on 3Q 2021). Net income: CN¥69.8m (down 12% from 3Q 2021). Profit margin: 14% (down from 16% in 3Q 2021). Revenue is forecast to grow 26% 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 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥532.4m (down 14% from 2Q 2021). Net income: CN¥99.5m (down 33% from 2Q 2021). Profit margin: 19% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 38%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Jun 08Zhonghang Electronic Measuring Instruments Co.,Ltd. Announces Cash Dividend for 2021, Payable on 14 June 2022Zhonghang Electronic Measuring Instruments Co.,Ltd. announced Cash dividend per 10 shares (tax included): CNY 0.50000000 for 2021. Record date is 13 June 2022, Ex-date is 14 June 2022 and Payment date is 14 June 2022.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.068 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.043 (down from CN¥0.068 in 1Q 2021). Revenue: CN¥409.3m (down 1.6% from 1Q 2021). Net income: CN¥25.3m (down 37% from 1Q 2021). Profit margin: 6.2% (down from 9.7% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 23Zhonghang Electronic Measuring Instruments Co.,Ltd Approves Final Cash Dividend for 2021Zhonghang Electronic Measuring Instruments Co.,Ltd approved final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2021, at its AGM held on April 21, 2022.Reported Earnings • Apr 03Full year 2021 earnings released: EPS: CN¥0.52 (vs CN¥0.45 in FY 2020)Full year 2021 results: EPS: CN¥0.52 (up from CN¥0.45 in FY 2020). Revenue: CN¥1.94b (up 10% from FY 2020). Net income: CN¥307.0m (up 17% from FY 2020). Profit margin: 16% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.お知らせ • Apr 02Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 21, 2022Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 21, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 audit report; to 2021 annual accounts; to Reappointment of 2022 audit firm; to Amendments to the articles of associations of the Company; to By-election of Wei Fuyuan as a non-independent director; and to Formulation of the reporting system for the board of directors to the general meeting of shareholders.お知らせ • Apr 01Zhonghang Electronic Measuring Instruments Co.,Ltd Proposes Final Cash Dividend for 2021Zhonghang Electronic Measuring Instruments Co.,Ltd proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2021.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.13 in 3Q 2020)The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥509.7m (flat on 3Q 2020). Net income: CN¥79.5m (up 2.2% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.18 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥618.9m (up 24% from 2Q 2020). Net income: CN¥147.5m (up 35% from 2Q 2020). Profit margin: 24% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥17.61, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 93% over the past three years.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥16.97, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 75% over the past three years.お知らせ • May 29Zhonghang Electronic Measuring Instruments Co., Ltd Announces 2020 Final Distribution Plan, Payable on 4 June 2021Zhonghang Electronic Measuring Instruments Co. Ltd. announced 2020 final distribution plan to be implemented (A shares) of cash dividend CNY 0.50400200 per 10 shares (tax included). The dividend is payable on 4 June 2021 with the record date of 3 June 2021. Ex-date is 4 June 2021.Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.068 (vs CN¥0.057 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¥416.1m (up 29% from 1Q 2020). Net income: CN¥40.3m (up 20% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Mar 23Consensus EPS estimates increase to CN¥0.62The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥1.96b to CN¥2.07b. EPS estimate increased from CN¥0.53 to CN¥0.62 per share. Net income forecast to grow 40% next year vs 40% growth forecast for Electronic industry in China. Consensus price target of CN¥18.46 unchanged from last update. Share price rose 6.2% to CN¥13.24 over the past week.お知らせ • Mar 19Zhonghang Electronic Measuring Instruments Co., Ltd Proposes 2020 Final DividendZhonghang Electronic Measuring Instruments Co. Ltd. proposed 2020 final distribution. For the period the company proposed cash dividend per 10 shares (tax included) of CNY 0.49538000.お知らせ • Mar 18Zhonghang Electronic Measuring Instruments Co., Ltd, Annual General Meeting, Apr 09, 2021Zhonghang Electronic Measuring Instruments Co., Ltd, Annual General Meeting, Apr 09, 2021, at 14:00 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to 2020 work report of the supervisory committee; to 2020 audit report; to 2020 annual accounts; to 2020 profit distribution plan; to 2020 annual report and its summary; to appointment of 2021 audit firm; to 2021 connected transactions; to purchase of liability insurance for directors, supervisors and senior management; to amendments to the remuneration and allowance management system for directors, supervisors and senior management; to election of non-independent directors; to election of independent directors; and to election of non-employee supervisors.Reported Earnings • Mar 17Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.36 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.76b (up 14% from FY 2019). Net income: CN¥262.5m (up 24% from FY 2019). Profit margin: 15% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 18Zhonghang Electronic Measuring Instruments Co., Ltd to Report Fiscal Year 2020 Results on Mar 17, 2021Zhonghang Electronic Measuring Instruments Co., Ltd announced that they will report fiscal year 2020 results on Mar 17, 2021Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥13.20, the stock is trading at a trailing P/E ratio of 32.1x, down from the previous P/E ratio of 38.8x. 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 49%.Is New 90 Day High Low • Jan 26New 90-day low: CN¥13.38The company is down 20% from its price of CN¥16.75 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.59 per share.Is New 90 Day High Low • Dec 10New 90-day low: CN¥13.93The company is down 6.0% from its price of CN¥14.81 on 11 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 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.59 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥247.3m, up 18% from the prior year. Total revenue was CN¥1.72b over the last 12 months, up 13% from the prior year.お知らせ • Oct 20Zhonghang Electronic Measuring Instruments Co., Ltd to Report Q3, 2020 Results on Oct 28, 2020Zhonghang Electronic Measuring Instruments Co., Ltd announced that they will report Q3, 2020 results on Oct 28, 2020Is New 90 Day High Low • Oct 12New 90-day high: CN¥17.73The company is up 30% from its price of CN¥13.65 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share.Is New 90 Day High Low • Sep 21New 90-day high: CN¥16.47The company is up 46% from its price of CN¥11.28 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share.お知らせ • Aug 13Zhonghang Electronic Measuring Instruments Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020Zhonghang Electronic Measuring Instruments Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020株主還元302132CN ElectronicCN 市場7D5.3%-1.9%0.1%1Y-34.7%56.0%7.8%株主還元を見る業界別リターン: 302132過去 1 年間で56 % の収益を上げたCN Electronic業界を下回りました。リターン対市場: 302132は、過去 1 年間で7.8 % のリターンを上げたCN市場を下回りました。価格変動Is 302132's price volatile compared to industry and market?302132 volatility302132 Average Weekly Movement5.7%Electronic Industry Average Movement10.1%Market Average Movement7.3%10% most volatile stocks in CN Market12.4%10% least volatile stocks in CN Market4.4%安定した株価: 302132 、 CN市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 302132の 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト196526,595Min Jiangcac.avic.comAVIC Chengdu Aircraft Company Limited は、中国国内および国際的な軍事・民生分野にインテリジェントな計測・制御製品を提供しています。抵抗ひずみゲージ、ひずみゲージ式センサー、工業用計量機器、精密流体制御機器、計器・インジケーター、物流計量、インテリジェント輸送、デジタルスマートファクトリーなどを提供している。同社の製品は、小売、エクスプレス、ロジスティクス、商業エレクトロニクス、スマート倉庫、インテリジェント交通、車両検査、工業計測、制御アプリケーションで使用されている。同社は以前は中港電子測定器有限公司として知られ、2025年1月にAVIC成都飛機有限公司に社名を変更した。AVIC成都飛機有限公司は1965年に設立され、中華人民共和国の成都市に本社を置く。もっと見るAVIC Chengdu Aircraft Company Limited 基礎のまとめAVIC Chengdu Aircraft の収益と売上を時価総額と比較するとどうか。302132 基礎統計学時価総額CN¥148.81b収益（TTM）CN¥3.47b売上高(TTM)CN¥78.00b42.9xPER（株価収益率1.9xP/Sレシオ302132 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302132 損益計算書（TTM）収益CN¥78.00b売上原価CN¥71.19b売上総利益CN¥6.81bその他の費用CN¥3.34b収益CN¥3.47b直近の収益報告Mar 31, 2026次回決算日Aug 24, 2026一株当たり利益（EPS）1.30グロス・マージン8.73%純利益率4.45%有利子負債／自己資本比率24.3%302132 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1.8%現在の配当利回り30%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2026/07/26 03:35終値2026/07/24 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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AVIC Chengdu Aircraft Company Limited 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。3 アナリスト機関Nianchun WangGuosen Securities Co., Ltd.Kang ShiIndustrial Securities Co. Ltd.Dingru ChenZhongtai Securities Co. Ltd.
お知らせ • Jun 30AVIC Chengdu Aircraft Company Limited to Report First Half, 2026 Results on Aug 24, 2026AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2026 results on Aug 24, 2026
Declared Dividend • Jun 15Dividend of CN¥0.39 announcedShareholders will receive a dividend of CN¥0.39. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (30% 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 40% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.072 (vs CN¥0.059 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.072 (up from CN¥0.059 in 1Q 2025). Revenue: CN¥5.95b (up 80% from 1Q 2025). Net income: CN¥192.7m (up 23% from 1Q 2025). Profit margin: 3.2% (down from 4.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Apr 29AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan China
お知らせ • Mar 31AVIC Chengdu Aircraft Company Limited to Report Q1, 2026 Results on Apr 29, 2026AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Jun 30AVIC Chengdu Aircraft Company Limited to Report First Half, 2026 Results on Aug 24, 2026AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2026 results on Aug 24, 2026
Declared Dividend • Jun 15Dividend of CN¥0.39 announcedShareholders will receive a dividend of CN¥0.39. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (30% 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 40% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: CN¥0.072 (vs CN¥0.059 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.072 (up from CN¥0.059 in 1Q 2025). Revenue: CN¥5.95b (up 80% from 1Q 2025). Net income: CN¥192.7m (up 23% from 1Q 2025). Profit margin: 3.2% (down from 4.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Apr 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
お知らせ • Apr 29AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan China
お知らせ • Mar 31AVIC Chengdu Aircraft Company Limited to Report Q1, 2026 Results on Apr 29, 2026AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026
New Risk • Jan 06New major risk - Revenue and earnings growthEarnings have declined by 7.7% 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 Earnings have declined by 7.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Minor Risk Paying a dividend despite being loss-making.
お知らせ • Dec 31AVIC Chengdu Aircraft Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026AVIC Chengdu Aircraft Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.037 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.47 (up from CN¥0.037 in 3Q 2024). Revenue: CN¥27.6b (up CN¥27.2b from 3Q 2024). Net income: CN¥1.26b (up CN¥1.24b from 3Q 2024). Profit margin: 4.6% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30AVIC Chengdu Aircraft Company Limited to Report Q3, 2025 Results on Oct 29, 2025AVIC Chengdu Aircraft Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025
New Risk • Sep 21New minor risk - Dividend sustainabilityThe dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 0.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Risks Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.6% average weekly change).
Reported Earnings • Aug 28Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.10 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.10 in 2Q 2024). Revenue: CN¥17.4b (up CN¥16.9b from 2Q 2024). Net income: CN¥756.3m (up CN¥692.5m from 2Q 2024). Profit margin: 4.3% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 41% 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 12% per year but the company’s share price has increased by 109% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jul 02AVIC Chengdu Aircraft Company Limited to Report First Half, 2025 Results on Aug 28, 2025AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2025 results on Aug 28, 2025
お知らせ • Jun 19Avic Chengdu Aircraft Company Limited Declares First Quarter Dividend on A Share of Year 2025, Payable on 24 June 2025AVIC Chengdu Aircraft Company Limited declared first quarter Cash dividend/10 shares (tax included) of CNY6.23000000 on A share of year 2025. Record date is 23 June 2025. Ex-date is 24 June 2025. Payment date is 24 June 2025.
New Risk • May 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 356% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (356% increase in shares outstanding). Revenue is less than US$1m.
お知らせ • May 20AVIC Chengdu Aircraft Company Limited Approves Profit Distribution Plan for 2024AVIC Chengdu Aircraft Company Limited held its 2nd Extraordinary General Meeting of 2025 on 16 May 2025, were approved 2024 profit distribution plan as Cash dividend/10 shares (tax included): CNY 6.23000000.
New Risk • May 07New 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 8.8% 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 Risk Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change).
New Risk • Apr 30New major risk - Revenue sizeThe company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company.
お知らせ • Apr 24AVIC Chengdu Aircraft Company Limited Approves Cash Dividend for 2024AVIC Chengdu Aircraft Company Limited at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.14000000 per 10 shares (tax included) for 2024.
お知らせ • Mar 31AVIC Chengdu Aircraft Company Limited to Report Q1, 2025 Results on Apr 29, 2025AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025
Reported Earnings • Mar 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: EPS: CN¥0.19 (up from CN¥0.17 in FY 2023). Revenue: CN¥1.78b (up 6.1% from FY 2023). Net income: CN¥112.3m (up 14% from FY 2023). Profit margin: 6.3% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 11% 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 29% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings.
お知らせ • Mar 28AVIC Chengdu Aircraft Company Limited, Annual General Meeting, Apr 21, 2025AVIC Chengdu Aircraft Company Limited, Annual General Meeting, Apr 21, 2025, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan China
お知らせ • Jan 24Zhonghang Electronic Measuring Instruments Co.,Ltd Announces Board ChangesZhonghang Electronic Measuring Instruments Co.,Ltd held its 1st Extraordinary General Meeting of 2025 on 22 January 2025 were approved; Sui Shaochun, non-independent director, Jiang Min, non-independent director, Meng Jinqiang, non-independent director, Li Shimin, non-independent director, Xu Dongsheng, non-independent director, Sun Shaoshan, non-independent director, Tian Gang, non-independent director, Ye Zhongming, independent director, Li Bo, independent director, Guo Jianfeng, independent director Liu Zhewei, independent director, Nie Xiaoming, non-employee supervisor, Zhou Xunwen, non-employee supervisor.
お知らせ • Dec 31Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Fiscal Year 2024 Results on Mar 14, 2025Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report fiscal year 2024 results on Mar 14, 2025
Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.003 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.037 (up from CN¥0.003 loss in 3Q 2023). Revenue: CN¥370.4m (up 4.9% from 3Q 2023). Net income: CN¥19.2m (up CN¥20.8m from 3Q 2023). Profit margin: 5.2% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings.
New Risk • Sep 30New 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 6.9% 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 Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results.
お知らせ • Sep 30Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024
New Risk • Aug 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Aug 29Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥492.4m (down 4.4% from 2Q 2023). Net income: CN¥63.8m (down 18% from 2Q 2023). Profit margin: 13% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 29Zhonghang Electronic Measuring Instruments Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.039 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.039 in 1Q 2023). Revenue: CN¥325.7m (down 9.0% from 1Q 2023). Net income: CN¥20.2m (down 12% from 1Q 2023). Profit margin: 6.2% (down from 6.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings.
お知らせ • Mar 30Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024
お知らせ • Mar 16Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 11, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 11, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 audit report; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider 2023 annual report and its summary; to consider 2023 ESG Report; to consider reappointment of 2024 audit firm;to consider 2024 connected transactions; to consider 2024 investment plan and increase of projects; and to consider 2024 financial budget report.
Reported Earnings • Mar 15Full year 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.17 (down from CN¥0.33 in FY 2022). Revenue: CN¥1.68b (down 12% from FY 2022). Net income: CN¥98.2m (down 49% from FY 2022). Profit margin: 5.9% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
お知らせ • Dec 30Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Fiscal Year 2023 Results on Mar 15, 2024Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report fiscal year 2023 results on Mar 15, 2024
Reported Earnings • Oct 25Third quarter 2023 earnings released: CN¥0.003 loss per share (vs CN¥0.12 profit in 3Q 2022)Third quarter 2023 results: CN¥0.003 loss per share (down from CN¥0.12 profit in 3Q 2022). Revenue: CN¥353.0m (down 31% from 3Q 2022). Net loss: CN¥1.59m (down 102% from profit in 3Q 2022). Revenue is forecast to grow 41% 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 fallen by 20% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
New Risk • Oct 13New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (9.2% net profit margin).
Reported Earnings • Aug 29Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2022). Revenue: CN¥515.1m (down 3.3% from 2Q 2022). Net income: CN¥77.9m (down 22% from 2Q 2022). Profit margin: 15% (down from 19% in 2Q 2022). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings.
New Risk • Jul 28New 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 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 (10% net profit margin).
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.043 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.043 in 1Q 2022). Revenue: CN¥357.8m (down 13% from 1Q 2022). Net income: CN¥22.9m (down 9.6% from 1Q 2022). Profit margin: 6.4% (up from 6.2% in 1Q 2022). The increase in margin was driven by lower expenses. 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 66% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment improves as stock rises 149%After last week's 149% share price gain to CN¥26.34, the stock trades at a trailing P/E ratio of 65.9x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 146% over the past three years.
お知らせ • Feb 04Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) agreed to acquire Chengdu Aircraft Industrial (Group) Co. Ltd. from Aviation Industry Corporation of China,Ltd.Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) agreed to acquire Chengdu Aircraft Industrial (Group) Co. Ltd. from Aviation Industry Corporation of China,Ltd. on February 1, 2023. Transaction is approved by Zhonghang Electronic's board. Transaction is subject to approval from Zhonghang Electronic's shareholders, 4.The assessment reports obtaining the filing of the authorized state-owned assets supervision and administration commission (SASAC), State Administration of Science, Technology and Industry for National Defense, Shenzhen Stock Exchange’s Approval, CSRC’s Approval and other necessary approval.
Board Change • Feb 02High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥512.3m (flat on 3Q 2021). Net income: CN¥69.8m (down 12% from 3Q 2021). Profit margin: 14% (down from 16% in 3Q 2021). Revenue is forecast to grow 26% 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 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥532.4m (down 14% from 2Q 2021). Net income: CN¥99.5m (down 33% from 2Q 2021). Profit margin: 19% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 38%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Jun 08Zhonghang Electronic Measuring Instruments Co.,Ltd. Announces Cash Dividend for 2021, Payable on 14 June 2022Zhonghang Electronic Measuring Instruments Co.,Ltd. announced Cash dividend per 10 shares (tax included): CNY 0.50000000 for 2021. Record date is 13 June 2022, Ex-date is 14 June 2022 and Payment date is 14 June 2022.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.068 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.043 (down from CN¥0.068 in 1Q 2021). Revenue: CN¥409.3m (down 1.6% from 1Q 2021). Net income: CN¥25.3m (down 37% from 1Q 2021). Profit margin: 6.2% (down from 9.7% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 23Zhonghang Electronic Measuring Instruments Co.,Ltd Approves Final Cash Dividend for 2021Zhonghang Electronic Measuring Instruments Co.,Ltd approved final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2021, at its AGM held on April 21, 2022.
Reported Earnings • Apr 03Full year 2021 earnings released: EPS: CN¥0.52 (vs CN¥0.45 in FY 2020)Full year 2021 results: EPS: CN¥0.52 (up from CN¥0.45 in FY 2020). Revenue: CN¥1.94b (up 10% from FY 2020). Net income: CN¥307.0m (up 17% from FY 2020). Profit margin: 16% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
お知らせ • Apr 02Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 21, 2022Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 21, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 audit report; to 2021 annual accounts; to Reappointment of 2022 audit firm; to Amendments to the articles of associations of the Company; to By-election of Wei Fuyuan as a non-independent director; and to Formulation of the reporting system for the board of directors to the general meeting of shareholders.
お知らせ • Apr 01Zhonghang Electronic Measuring Instruments Co.,Ltd Proposes Final Cash Dividend for 2021Zhonghang Electronic Measuring Instruments Co.,Ltd proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2021.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.13 in 3Q 2020)The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥509.7m (flat on 3Q 2020). Net income: CN¥79.5m (up 2.2% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 27Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.18 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥618.9m (up 24% from 2Q 2020). Net income: CN¥147.5m (up 35% from 2Q 2020). Profit margin: 24% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥17.61, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 93% over the past three years.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥16.97, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 75% over the past three years.
お知らせ • May 29Zhonghang Electronic Measuring Instruments Co., Ltd Announces 2020 Final Distribution Plan, Payable on 4 June 2021Zhonghang Electronic Measuring Instruments Co. Ltd. announced 2020 final distribution plan to be implemented (A shares) of cash dividend CNY 0.50400200 per 10 shares (tax included). The dividend is payable on 4 June 2021 with the record date of 3 June 2021. Ex-date is 4 June 2021.
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.068 (vs CN¥0.057 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¥416.1m (up 29% from 1Q 2020). Net income: CN¥40.3m (up 20% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Mar 23Consensus EPS estimates increase to CN¥0.62The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥1.96b to CN¥2.07b. EPS estimate increased from CN¥0.53 to CN¥0.62 per share. Net income forecast to grow 40% next year vs 40% growth forecast for Electronic industry in China. Consensus price target of CN¥18.46 unchanged from last update. Share price rose 6.2% to CN¥13.24 over the past week.
お知らせ • Mar 19Zhonghang Electronic Measuring Instruments Co., Ltd Proposes 2020 Final DividendZhonghang Electronic Measuring Instruments Co. Ltd. proposed 2020 final distribution. For the period the company proposed cash dividend per 10 shares (tax included) of CNY 0.49538000.
お知らせ • Mar 18Zhonghang Electronic Measuring Instruments Co., Ltd, Annual General Meeting, Apr 09, 2021Zhonghang Electronic Measuring Instruments Co., Ltd, Annual General Meeting, Apr 09, 2021, at 14:00 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to 2020 work report of the supervisory committee; to 2020 audit report; to 2020 annual accounts; to 2020 profit distribution plan; to 2020 annual report and its summary; to appointment of 2021 audit firm; to 2021 connected transactions; to purchase of liability insurance for directors, supervisors and senior management; to amendments to the remuneration and allowance management system for directors, supervisors and senior management; to election of non-independent directors; to election of independent directors; and to election of non-employee supervisors.
Reported Earnings • Mar 17Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.36 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.76b (up 14% from FY 2019). Net income: CN¥262.5m (up 24% from FY 2019). Profit margin: 15% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 18Zhonghang Electronic Measuring Instruments Co., Ltd to Report Fiscal Year 2020 Results on Mar 17, 2021Zhonghang Electronic Measuring Instruments Co., Ltd announced that they will report fiscal year 2020 results on Mar 17, 2021
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥13.20, the stock is trading at a trailing P/E ratio of 32.1x, down from the previous P/E ratio of 38.8x. 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 49%.
Is New 90 Day High Low • Jan 26New 90-day low: CN¥13.38The company is down 20% from its price of CN¥16.75 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.59 per share.
Is New 90 Day High Low • Dec 10New 90-day low: CN¥13.93The company is down 6.0% from its price of CN¥14.81 on 11 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 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.59 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥247.3m, up 18% from the prior year. Total revenue was CN¥1.72b over the last 12 months, up 13% from the prior year.
お知らせ • Oct 20Zhonghang Electronic Measuring Instruments Co., Ltd to Report Q3, 2020 Results on Oct 28, 2020Zhonghang Electronic Measuring Instruments Co., Ltd announced that they will report Q3, 2020 results on Oct 28, 2020
Is New 90 Day High Low • Oct 12New 90-day high: CN¥17.73The company is up 30% from its price of CN¥13.65 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share.
Is New 90 Day High Low • Sep 21New 90-day high: CN¥16.47The company is up 46% from its price of CN¥11.28 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share.
お知らせ • Aug 13Zhonghang Electronic Measuring Instruments Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020Zhonghang Electronic Measuring Instruments Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020
