View ValuationWencan Group 향후 성장Future 기준 점검 0/6Wencan Group 의 EPS는 113.4% 만큼 성장할 것으로 예상됩니다.핵심 정보n/a이익 성장률113.38%EPS 성장률Auto Components 이익 성장21.9%매출 성장률n/a향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트20 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Jun 30Wencan Group Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026Wencan Group Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026Board Change • May 20Less 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 Lin An was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Apr 29Wencan Group Co., Ltd., Annual General Meeting, May 19, 2026Wencan Group Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China공고 • Mar 30Wencan Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Wencan Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026공고 • Dec 26Wencan Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026Wencan Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026공고 • Sep 30Wencan Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Wencan Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025공고 • Jun 30Wencan Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025Wencan Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025공고 • Apr 26Wencan Group Co., Ltd., Annual General Meeting, May 16, 2025Wencan Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China공고 • Mar 28Wencan Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Wencan Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025공고 • Dec 27Wencan Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Wencan Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.63b (up 29% from 3Q 2023). Net income: CN¥15.4m (down 57% from 3Q 2023). Profit margin: 0.9% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥23.28, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Auto Components industry in China. Total loss to shareholders of 47% over the past year.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥25.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 37% over the past year.공고 • Sep 30Wencan Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Wencan Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024New Risk • Aug 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: 1.5% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding).Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.038 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.038 in 2Q 2023). Revenue: CN¥1.60b (up 24% from 2Q 2023). Net income: CN¥19.8m (up 74% from 2Q 2023). Profit margin: 1.2% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥24.81, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 52% over the past year.New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding).공고 • Jun 28Wencan Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024Wencan Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024공고 • Apr 27Wencan Group Co., Ltd., Annual General Meeting, May 22, 2024Wencan Group Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China공고 • Mar 30Wencan Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Wencan Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024공고 • Dec 29Wencan Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Wencan Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.45 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥1.26b (down 13% from 3Q 2022). Net income: CN¥35.8m (down 71% from 3Q 2022). Profit margin: 2.8% (down from 8.5% in 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China.New Risk • Aug 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.22 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.038 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥1.29b (up 7.6% from 2Q 2022). Net income: CN¥11.4m (down 80% from 2Q 2022). Profit margin: 0.9% (down from 4.7% in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China.New Risk • Jul 12New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change).공고 • Jun 28Wencan Group Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023Wencan Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥44.68, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Auto Components industry in China. Total loss to shareholders of 20% over the past year.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.31 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.31 in 1Q 2022). Revenue: CN¥1.27b (up 2.3% from 1Q 2022). Net income: CN¥2.54m (down 97% from 1Q 2022). Profit margin: 0.2% (down from 6.4% in 1Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥66.38, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Auto Components industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.99 per share.Buying Opportunity • Dec 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥77.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 175% in the next 2 years.Buying Opportunity • Nov 18Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥85.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 168% in the next 2 years.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥78.70, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 26x in the Auto Components industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥102 per share.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.017 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.017 loss in 3Q 2021). Revenue: CN¥1.45b (up 55% from 3Q 2021). Net income: CN¥122.5m (up CN¥126.9m from 3Q 2021). Profit margin: 8.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Auto Components industry in China.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.094 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.094 in 2Q 2021). Revenue: CN¥1.20b (up 22% from 2Q 2021). Net income: CN¥56.8m (up 145% from 2Q 2021). Profit margin: 4.7% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 35% growth forecast for the Auto Components industry in China.Board Change • Jun 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.이익 및 매출 성장 예측XSSC:603348 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20267,365353N/A71113/31/20265,950-432-354393N/A12/31/20255,909-348-209567N/A9/30/20255,88420-393338N/A6/30/20255,97446-517167N/A3/31/20256,03857-374287N/A12/31/20246,247115-343379N/A9/30/20245,98398-178545N/A6/30/20245,615118-153605N/A3/31/20245,309110-89723N/A12/31/20235,10150-126779N/A9/30/20235,16129-387671N/A6/30/20235,349115-285757N/A3/31/20235,258161-309699N/A12/31/20225,230238-378580N/A9/30/20225,035287-312386N/A6/30/20224,521160-175436N/A3/31/20224,305126-393247N/A12/31/20214,11297-66415N/A9/30/20214,11178200696N/A6/30/20213,991123297728N/A3/31/20213,395124548824N/A12/31/20202,60384558783N/A9/30/20201,90998338531N/A6/30/20201,44368214434N/A3/31/20201,41047-39263N/A12/31/20191,53871N/A235N/A9/30/20191,51167N/A270N/A6/30/20191,594103N/A211N/A3/31/20191,657118N/A231N/A12/31/20181,620125N/A183N/A9/30/20181,685165N/A125N/A6/30/20181,600145N/A184N/A3/31/20181,598163N/A234N/A12/31/20171,557155N/A228N/A9/30/20171,413144N/A273N/A6/30/20171,418168N/A295N/A3/31/20171,264160N/A305N/A12/31/20161,217155N/A322N/A9/30/20161,171150N/A265N/A6/30/20161,124145N/A218N/A3/31/20161,146148N/A207N/A12/31/20151,167151N/A197N/A9/30/20151,139134N/A216N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 603348 의 예상 수익 증가율이 절약률(2.4%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 603348 의 수익이 CN 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 603348 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 603348 의 수익이 CN 시장보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 매출: 603348 의 수익이 연간 20%보다 빠르게 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 603348의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/10 12:40종가2026/08/10 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Wencan Group Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Xue DengChina International Capital Corporation LimitedEvelyn ZhangDaiwa Securities Co. Ltd.Junyi HeZhongtai Securities Co. Ltd.
공고 • Jun 30Wencan Group Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026Wencan Group Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026
Board Change • May 20Less 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 Lin An was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Apr 29Wencan Group Co., Ltd., Annual General Meeting, May 19, 2026Wencan Group Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China
공고 • Mar 30Wencan Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Wencan Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
공고 • Dec 26Wencan Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026Wencan Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026
공고 • Sep 30Wencan Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Wencan Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
공고 • Jun 30Wencan Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025Wencan Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025
공고 • Apr 26Wencan Group Co., Ltd., Annual General Meeting, May 16, 2025Wencan Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China
공고 • Mar 28Wencan Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Wencan Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
공고 • Dec 27Wencan Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Wencan Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.63b (up 29% from 3Q 2023). Net income: CN¥15.4m (down 57% from 3Q 2023). Profit margin: 0.9% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥23.28, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Auto Components industry in China. Total loss to shareholders of 47% over the past year.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥25.73, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 37% over the past year.
공고 • Sep 30Wencan Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Wencan Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
New Risk • Aug 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: 1.5% 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 Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (17% increase in shares outstanding).
Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.038 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.038 in 2Q 2023). Revenue: CN¥1.60b (up 24% from 2Q 2023). Net income: CN¥19.8m (up 74% from 2Q 2023). Profit margin: 1.2% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Auto Components industry in China.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥24.81, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 52% over the past year.
New Risk • Jul 16New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding).
공고 • Jun 28Wencan Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024Wencan Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024
공고 • Apr 27Wencan Group Co., Ltd., Annual General Meeting, May 22, 2024Wencan Group Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China
공고 • Mar 30Wencan Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Wencan Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
공고 • Dec 29Wencan Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024Wencan Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.45 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥1.26b (down 13% from 3Q 2022). Net income: CN¥35.8m (down 71% from 3Q 2022). Profit margin: 2.8% (down from 8.5% in 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China.
New Risk • Aug 20New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin).
Reported Earnings • Aug 19Second quarter 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.22 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.038 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥1.29b (up 7.6% from 2Q 2022). Net income: CN¥11.4m (down 80% from 2Q 2022). Profit margin: 0.9% (down from 4.7% in 2Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China.
New Risk • Jul 12New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change).
공고 • Jun 28Wencan Group Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023Wencan Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥44.68, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Auto Components industry in China. Total loss to shareholders of 20% over the past year.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.31 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.31 in 1Q 2022). Revenue: CN¥1.27b (up 2.3% from 1Q 2022). Net income: CN¥2.54m (down 97% from 1Q 2022). Profit margin: 0.2% (down from 6.4% in 1Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥66.38, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Auto Components industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥51.99 per share.
Buying Opportunity • Dec 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥77.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 175% in the next 2 years.
Buying Opportunity • Nov 18Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be CN¥85.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 168% in the next 2 years.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥78.70, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 26x in the Auto Components industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥102 per share.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.017 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.017 loss in 3Q 2021). Revenue: CN¥1.45b (up 55% from 3Q 2021). Net income: CN¥122.5m (up CN¥126.9m from 3Q 2021). Profit margin: 8.5% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Auto Components industry in China.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.094 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.094 in 2Q 2021). Revenue: CN¥1.20b (up 22% from 2Q 2021). Net income: CN¥56.8m (up 145% from 2Q 2021). Profit margin: 4.7% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 35% growth forecast for the Auto Components industry in China.
Board Change • Jun 15Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.