View ValuationTBEA 향후 성장Future 기준 점검 2/6TBEA (는) 각각 연간 21.5% 및 9.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 21.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 11% 로 예상됩니다.핵심 정보21.5%이익 성장률21.33%EPS 성장률Electrical 이익 성장25.9%매출 성장률9.2%향후 자기자본이익률10.98%애널리스트 커버리지Low마지막 업데이트10 Jul 2026최근 향후 성장 업데이트Price Target Changed • May 07Price target increased by 8.8% to CN¥32.94Up from CN¥30.29, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥27.80. Stock is up 137% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.16 last year.Major Estimate Revision • Apr 22Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥111.7b to CN¥106.2b. EPS estimate also fell from CN¥1.54 per share to CN¥1.37 per share. Net income forecast to grow 19% next year vs 47% growth forecast for Electrical industry in China. Consensus price target up from CN¥28.40 to CN¥30.29. Share price fell 2.6% to CN¥27.49 over the past week.Price Target Changed • Oct 11Price target increased by 17% to CN¥18.47Up from CN¥15.80, the current price target is an average from 3 analysts. New target price is 5.9% below last closing price of CN¥19.63. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥0.80 last year.Price Target Changed • Jul 29Price target increased by 15% to CN¥15.47Up from CN¥13.47, the current price target is an average from 3 analysts. New target price is 10% above last closing price of CN¥14.02. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥0.80 last year.Major Estimate Revision • Apr 29Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥107.5b to CN¥102.6b. EPS estimate also fell from CN¥1.32 per share to CN¥1.12 per share. Net income forecast to grow 90% next year vs 43% growth forecast for Electrical industry in China. Consensus price target reaffirmed at CN¥13.47. Share price was steady at CN¥11.51 over the past week.Major Estimate Revision • Feb 06Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥98.1b to CN¥96.5b. EPS estimate also fell from CN¥1.19 per share to CN¥1.02 per share. Net income forecast to grow 23% next year vs 40% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥13.47. Share price was steady at CN¥12.05 over the past week.모든 업데이트 보기Recent updates공고 • Jun 30TBEA Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026TBEA Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026Price Target Changed • May 07Price target increased by 8.8% to CN¥32.94Up from CN¥30.29, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥27.80. Stock is up 137% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.16 last year.Major Estimate Revision • Apr 22Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥111.7b to CN¥106.2b. EPS estimate also fell from CN¥1.54 per share to CN¥1.37 per share. Net income forecast to grow 19% next year vs 47% growth forecast for Electrical industry in China. Consensus price target up from CN¥28.40 to CN¥30.29. Share price fell 2.6% to CN¥27.49 over the past week.Reported Earnings • Apr 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.16 (up from CN¥0.80 in FY 2024). Revenue: CN¥97.2b (flat on FY 2024). Net income: CN¥5.83b (up 45% from FY 2024). Profit margin: 6.0% (up from 4.1% in FY 2024). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.공고 • Apr 16TBEA Co., Ltd., Annual General Meeting, May 07, 2026TBEA Co., Ltd., Annual General Meeting, May 07, 2026, at 13:00 China Standard Time. Location: The Company's International Conference Center, Changji, Xinjiang China공고 • Mar 30TBEA Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026TBEA Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026Buy Or Sell Opportunity • Jan 30Now 20% undervaluedOver the last 90 days, the stock has risen 39% to CN¥27.20. The fair value is estimated to be CN¥34.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 69% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥27.37, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.88 per share.공고 • Dec 26TBEA Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026TBEA Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥25.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.75 per share.New Risk • Nov 03New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change).Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.25 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.25 in 3Q 2024). Revenue: CN¥24.6b (flat on 3Q 2024). Net income: CN¥2.30b (up 82% from 3Q 2024). Profit margin: 9.4% (up from 5.2% in 3Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Price Target Changed • Oct 11Price target increased by 17% to CN¥18.47Up from CN¥15.80, the current price target is an average from 3 analysts. New target price is 5.9% below last closing price of CN¥19.63. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥0.80 last year.공고 • Sep 30TBEA Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025TBEA Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Aug 21Second quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.21 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.21 in 2Q 2024). Revenue: CN¥25.0b (up 3.1% from 2Q 2024). Net income: CN¥1.58b (up 52% from 2Q 2024). Profit margin: 6.3% (up from 4.3% in 2Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Price Target Changed • Jul 29Price target increased by 15% to CN¥15.47Up from CN¥13.47, the current price target is an average from 3 analysts. New target price is 10% above last closing price of CN¥14.02. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥0.80 last year.Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥14.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electrical industry in China. Total loss to shareholders of 20% over the past three years.Declared Dividend • Jul 06Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% 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 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 110% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공고 • Jun 30TBEA Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025TBEA Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025공고 • Jun 24TBEA Co., Ltd.(SHSE:600089) dropped from Shanghai Stock Exchange 180 Value IndexTBEA Co., Ltd. removed form Shanghai Stock Exchange 180 Value IndexMajor Estimate Revision • Apr 29Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥107.5b to CN¥102.6b. EPS estimate also fell from CN¥1.32 per share to CN¥1.12 per share. Net income forecast to grow 90% next year vs 43% growth forecast for Electrical industry in China. Consensus price target reaffirmed at CN¥13.47. Share price was steady at CN¥11.51 over the past week.Reported Earnings • Apr 22First quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.40 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.32 (down from CN¥0.40 in 1Q 2024). Revenue: CN¥23.4b (flat on 1Q 2024). Net income: CN¥1.60b (down 20% from 1Q 2024). Profit margin: 6.8% (down from 8.5% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공고 • Apr 22TBEA Co., Ltd., Annual General Meeting, May 12, 2025TBEA Co., Ltd., Annual General Meeting, May 12, 2025, at 13:00 China Standard Time. Location: No. 189, Beijing South Road, Changji, Xinjiang China공고 • Mar 28TBEA Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025TBEA Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025Major Estimate Revision • Feb 06Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥98.1b to CN¥96.5b. EPS estimate also fell from CN¥1.19 per share to CN¥1.02 per share. Net income forecast to grow 23% next year vs 40% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥13.47. Share price was steady at CN¥12.05 over the past week.공고 • Dec 27TBEA Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025TBEA Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025Reported Earnings • Oct 31Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: CN¥0.25. Revenue: CN¥24.5b (up 4.1% from 3Q 2023). Net income: CN¥1.26b (down 33% from 3Q 2023). Profit margin: 5.2% (down from 8.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.Price Target Changed • Oct 24Price target decreased by 11% to CN¥13.63Down from CN¥15.24, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥13.70. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of CN¥1.07 for next year compared to CN¥2.39 last year.공고 • Sep 30TBEA Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024TBEA Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥14.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 14% over the past three years.Price Target Changed • Sep 10Price target decreased by 7.5% to CN¥14.74Down from CN¥15.94, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥11.89. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥1.09 for next year compared to CN¥2.39 last year.Major Estimate Revision • Sep 05Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.53 to CN¥1.12 per share. Revenue forecast steady at CN¥100.0b. Net income forecast to grow 17% next year vs 44% growth forecast for Electrical industry in China. Consensus price target down from CN¥15.94 to CN¥15.24. Share price was steady at CN¥12.43 over the past week.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.55 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.55 in 2Q 2023). Revenue: CN¥24.3b (up 3.4% from 2Q 2023). Net income: CN¥1.04b (down 62% from 2Q 2023). Profit margin: 4.3% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.공고 • Jun 28TBEA Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024TBEA Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.93 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.93 in 1Q 2023). Revenue: CN¥23.6b (down 10% from 1Q 2023). Net income: CN¥1.99b (down 58% from 1Q 2023). Profit margin: 8.5% (down from 18% in 1Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Apr 15Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.93 to CN¥1.50 per share. Revenue forecast steady at CN¥103.2b. Net income forecast to shrink 29% next year vs 46% growth forecast for Electrical industry in China . Consensus price target down from CN¥16.14 to CN¥15.81. Share price fell 5.6% to CN¥14.39 over the past week.New Risk • Apr 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin).공고 • Apr 09TBEA Co., Ltd., Annual General Meeting, May 07, 2024TBEA Co., Ltd., Annual General Meeting, May 07, 2024, at 12:30 China Standard Time. Location: The Company's International Conference Center, Changji, Xinjiang ChinaReported Earnings • Apr 09Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: CN¥2.39 (down from CN¥3.17 in FY 2022). Revenue: CN¥98.2b (up 2.4% from FY 2022). Net income: CN¥10.7b (down 32% from FY 2022). Profit margin: 11% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.공고 • Mar 29TBEA Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024TBEA Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Price Target Changed • Mar 26Price target decreased by 7.4% to CN¥16.14Down from CN¥17.43, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥15.37. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of CN¥2.14 for next year compared to CN¥3.17 last year.공고 • Dec 29TBEA Co., Ltd. to Report Fiscal Year 2023 Results on Apr 09, 2024TBEA Co., Ltd. announced that they will report fiscal year 2023 results on Apr 09, 2024Major Estimate Revision • Nov 03Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥101.0b to CN¥98.1b. EPS estimate also fell from CN¥2.66 per share to CN¥2.07 per share. Net income forecast to shrink 12% next year vs 60% growth forecast for Electrical industry in China . Consensus price target down from CN¥17.43 to CN¥16.93. Share price was steady at CN¥13.94 over the past week.Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.83 (vs CN¥0.80 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.83. Revenue: CN¥23.9b (down 7.5% from 3Q 2022). Net income: CN¥1.91b (down 54% from 3Q 2022). Profit margin: 8.0% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China.Major Estimate Revision • Sep 08Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥2.22 to CN¥2.66. Revenue forecast steady at CN¥101.0b. Net income forecast to shrink 24% next year vs 56% growth forecast for Electrical industry in China . Consensus price target down from CN¥18.27 to CN¥17.43. Share price fell 3.6% to CN¥14.32 over the past week.Major Estimate Revision • Aug 18Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥104.7b to CN¥100.0b. EPS estimate also fell from CN¥3.05 per share to CN¥2.67 per share. Net income forecast to shrink 16% next year vs 59% growth forecast for Electrical industry in China . Consensus price target of CN¥18.46 unchanged from last update. Share price fell 6.4% to CN¥15.09 over the past week.Major Estimate Revision • Jul 19Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥102.6b to CN¥104.7b. EPS estimate increased from CN¥2.75 to CN¥3.05 per share. Net income forecast to shrink 13% next year vs 56% growth forecast for Electrical industry in China . Consensus price target broadly unchanged at CN¥19.62. Share price fell 6.8% to CN¥16.41 over the past week.공고 • Jun 28TBEA Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023TBEA Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023Price Target Changed • May 10Price target increased by 7.3% to CN¥25.50Up from CN¥23.77, the current price target is an average from 4 analysts. New target price is 7.1% above last closing price of CN¥23.80. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥3.55 for next year compared to CN¥4.12 last year.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥1.20 (vs CN¥0.82 in 1Q 2022)First quarter 2023 results: EPS: CN¥1.20 (up from CN¥0.82 in 1Q 2022). Revenue: CN¥26.3b (up 53% from 1Q 2022). Net income: CN¥4.72b (up 51% from 1Q 2022). Profit margin: 18% (in line with 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.공고 • Jan 08TBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 millionTBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 million on January 6, 2023. Wuqi Huaguang recorded net losses after tax of CNY 58.27 million for the year ended March 31, 2022.Price Target Changed • Dec 20Price target decreased to CN¥26.58Down from CN¥32.58, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CN¥19.84. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥3.13 for next year compared to CN¥1.88 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Qing Xia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥1.05 (vs CN¥0.56 in 3Q 2021)Third quarter 2022 results: EPS: CN¥1.05 (up from CN¥0.56 in 3Q 2021). Revenue: CN¥25.9b (up 55% from 3Q 2021). Net income: CN¥4.15b (up 99% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.공고 • Oct 26TBEA Co., Ltd. (SHSE:600089) announces an Equity Buyback for CNY 1,000 million worth of its shares.TBEA Co., Ltd. (SHSE:600089) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 1,000 million worth of its own shares. The plan will be valid for 12 months.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥1.00 (vs CN¥0.27 in 2Q 2021)Second quarter 2022 results: EPS: CN¥1.00 (up from CN¥0.27 in 2Q 2021). Revenue: CN¥21.7b (up 66% from 2Q 2021). Net income: CN¥3.78b (up 283% from 2Q 2021). Profit margin: 18% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.2% compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jul 07Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥68.4b to CN¥72.0b. EPS estimate increased from CN¥2.38 to CN¥2.82 per share. Net income forecast to grow 27% next year vs 51% growth forecast for Electrical industry in China. Consensus price target up from CN¥27.94 to CN¥32.52. Share price rose 6.3% to CN¥29.11 over the past week.Price Target Changed • Jul 06Price target increased to CN¥30.54Up from CN¥27.94, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥29.13. Stock is up 127% over the past year. The company is forecast to post earnings per share of CN¥2.59 for next year compared to CN¥1.88 last year.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥27.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 315% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.96 per share.Price Target Changed • Jun 03Price target increased to CN¥27.44Up from CN¥24.70, the current price target is an average from 6 analysts. New target price is 22% above last closing price of CN¥22.54. Stock is up 96% over the past year. The company is forecast to post earnings per share of CN¥2.58 for next year compared to CN¥1.88 last year.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.82 (up from CN¥0.57 in 1Q 2021). Revenue: CN¥17.1b (up 81% from 1Q 2021). Net income: CN¥3.12b (up 47% from 1Q 2021). Profit margin: 18% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 2.9%, compared to a 51% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less 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. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Weihong Sun was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 12Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: CN¥1.88 (up from CN¥0.59 in FY 2020). Revenue: CN¥61.4b (up 39% from FY 2020). Net income: CN¥7.25b (up 231% from FY 2020). Profit margin: 12% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 18%, compared to a 66% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.56 (vs CN¥0.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥16.6b (up 45% from 3Q 2020). Net income: CN¥2.08b (up 228% from 3Q 2020). Profit margin: 13% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Oct 31Price target increased to CN¥24.60Up from CN¥22.37, the current price target is an average from 8 analysts. New target price is 8.9% below last closing price of CN¥27.01. Stock is up 229% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥0.59 last year.Price Target Changed • Oct 31Price target increased to CN¥24.60Up from CN¥22.37, the current price target is an average from 8 analysts. New target price is 8.9% below last closing price of CN¥27.01. Stock is up 229% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥0.59 last year.Price Target Changed • Aug 30Price target increased to CN¥17.19Up from CN¥15.30, the current price target is an average from 7 analysts. New target price is 23% below last closing price of CN¥22.30. Stock is up 173% over the past year.Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥13.1b (up 30% from 2Q 2020). Net income: CN¥987.1m (up 94% from 2Q 2020). Profit margin: 7.5% (up from 5.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥18.94, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 33x in the Electrical industry in China. Total returns to shareholders of 197% over the past three years.Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥14.84, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 140% over the past three years.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥12.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 100% over the past three years.Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥9.45b (up 20% from 1Q 2020). Net income: CN¥2.12b (up 415% from 1Q 2020). Profit margin: 22% (up from 5.2% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Apr 21Consensus revenue estimates increase to CN¥51.7bThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from CN¥44.3b to CN¥51.7b. EPS estimate increased from CN¥0.82 to CN¥0.88 per share. Net income forecast to grow 61% next year vs 45% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥14.82. Share price rose 4.1% to CN¥11.43 over the past week.Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.59 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥44.2b (up 19% from FY 2019). Net income: CN¥2.49b (up 43% from FY 2019). Profit margin: 5.6% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥11.28, the stock is trading at a trailing P/E ratio of 25.7x, up from the previous P/E ratio of 22.3x. This compares to an average P/E of 34x in the Electrical industry in China. Total returns to shareholders over the past three years are 20%.Is New 90 Day High Low • Jan 14New 90-day high: CN¥10.90The company is up 18% from its price of CN¥9.21 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.47 per share.Price Target Changed • Dec 18Price target raised to CN¥9.94Up from CN¥9.05, the current price target is an average from 4 analysts. The new target price is 6.0% above the current share price of CN¥9.38. As of last close, the stock is up 42% over the past year.Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥9.38, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.3x. This compares to an average P/E of 37x in the Electrical industry in China. Total returns to shareholders over the past three years are 2.6%.Is New 90 Day High Low • Dec 11New 90-day low: CN¥8.04The company is down 5.0% from its price of CN¥8.47 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.29 per share.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.17The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: CN¥11.5b (up 37% from 3Q 2019). Net income: CN¥635.7m (up 2.6% from 3Q 2019). Profit margin: 5.5% (down from 7.4% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공고 • Oct 28TBEA Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020TBEA Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020Is New 90 Day High Low • Oct 10New 90-day high: CN¥9.26The company is up 27% from its price of CN¥7.32 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.56 per share.공고 • Jul 17TBEA Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020TBEA Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020이익 및 매출 성장 예측SHSE:600089 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028126,85411,250N/A24,876212/31/2027117,7039,471N/A16,366412/31/2026106,5337,979N/A19,66143/31/202698,8156,041-17,0518,805N/A12/31/202597,2275,827-12,7489,331N/A9/30/202598,3915,182-6,36311,649N/A6/30/202598,3154,149-6,93112,283N/A3/31/202597,6373,613-6,52011,471N/A12/31/202497,8224,006-4,28812,914N/A9/30/202496,8385,539-2,18617,149N/A6/30/202495,8736,16469618,998N/A3/31/202495,1797,8763,41921,844N/A12/31/202398,12310,6166,90825,812N/A9/30/202399,76014,02670919,988N/A6/30/2023103,87816,3101,27922,912N/A3/31/2023103,73217,3414,04525,313N/A12/31/202296,39415,7292,30321,800N/A9/30/2022100,09012,9106,03622,006N/A6/30/202289,06110,8184,81617,619N/A3/31/202278,6628,0242,01113,985N/A12/31/202168,9687,02216911,358N/A9/30/202154,1765,791-66310,538N/A6/30/202149,0894,342-5518,546N/A3/31/202146,1533,863-1,7336,063N/A12/31/202044,5982,155-2,1065,258N/A9/30/202041,0601,6321456,387N/A6/30/202037,9301,616-3,0184,330N/A3/31/202036,8661,707-2,1355,202N/A12/31/201936,9801,744N/A4,041N/A9/30/201936,8801,551N/A2,413N/A6/30/201938,1021,445N/A2,795N/A3/31/201939,6631,769N/A4,733N/A12/31/201839,6561,822N/A2,581N/A9/30/201838,3782,279N/A2,099N/A6/30/201838,8602,258N/A1,699N/A3/31/201838,1202,083N/A-628N/A1/1/201838,2812,196N/A1,788N/A9/30/201741,9032,280N/A2,897N/A6/30/201740,2152,340N/A3,469N/A3/31/201739,5752,251N/A3,953N/A12/31/201640,1172,190N/A2,639N/A9/30/201636,3722,039N/A2,124N/A6/30/201636,7871,990N/A1,509N/A3/31/201637,6271,892N/A1,222N/A12/31/201537,4521,888N/A2,058N/A9/30/201537,0221,884N/A1,182N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600089 의 연간 예상 수익 증가율(21.5%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 600089 의 연간 수익(21.5%)이 CN 시장(26.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 600089 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 600089 의 수익(연간 9.2%)이 CN 시장(연간 16.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 600089 의 수익(연간 9.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600089의 자본 수익률은 3년 후 11%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/19 16:17종가2026/07/17 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 소스TBEA Co., Ltd.는 14명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Tao ZengChina Galaxy Securities Co., Ltd.Haoyuan QuChina International Capital Corporation LimitedJie LinCitic Securities Co., Ltd.11명의 분석가 더 보기
Price Target Changed • May 07Price target increased by 8.8% to CN¥32.94Up from CN¥30.29, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥27.80. Stock is up 137% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.16 last year.
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥111.7b to CN¥106.2b. EPS estimate also fell from CN¥1.54 per share to CN¥1.37 per share. Net income forecast to grow 19% next year vs 47% growth forecast for Electrical industry in China. Consensus price target up from CN¥28.40 to CN¥30.29. Share price fell 2.6% to CN¥27.49 over the past week.
Price Target Changed • Oct 11Price target increased by 17% to CN¥18.47Up from CN¥15.80, the current price target is an average from 3 analysts. New target price is 5.9% below last closing price of CN¥19.63. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥0.80 last year.
Price Target Changed • Jul 29Price target increased by 15% to CN¥15.47Up from CN¥13.47, the current price target is an average from 3 analysts. New target price is 10% above last closing price of CN¥14.02. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥0.80 last year.
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥107.5b to CN¥102.6b. EPS estimate also fell from CN¥1.32 per share to CN¥1.12 per share. Net income forecast to grow 90% next year vs 43% growth forecast for Electrical industry in China. Consensus price target reaffirmed at CN¥13.47. Share price was steady at CN¥11.51 over the past week.
Major Estimate Revision • Feb 06Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥98.1b to CN¥96.5b. EPS estimate also fell from CN¥1.19 per share to CN¥1.02 per share. Net income forecast to grow 23% next year vs 40% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥13.47. Share price was steady at CN¥12.05 over the past week.
공고 • Jun 30TBEA Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026TBEA Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026
Price Target Changed • May 07Price target increased by 8.8% to CN¥32.94Up from CN¥30.29, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥27.80. Stock is up 137% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.16 last year.
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥111.7b to CN¥106.2b. EPS estimate also fell from CN¥1.54 per share to CN¥1.37 per share. Net income forecast to grow 19% next year vs 47% growth forecast for Electrical industry in China. Consensus price target up from CN¥28.40 to CN¥30.29. Share price fell 2.6% to CN¥27.49 over the past week.
Reported Earnings • Apr 17Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.16 (up from CN¥0.80 in FY 2024). Revenue: CN¥97.2b (flat on FY 2024). Net income: CN¥5.83b (up 45% from FY 2024). Profit margin: 6.0% (up from 4.1% in FY 2024). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
공고 • Apr 16TBEA Co., Ltd., Annual General Meeting, May 07, 2026TBEA Co., Ltd., Annual General Meeting, May 07, 2026, at 13:00 China Standard Time. Location: The Company's International Conference Center, Changji, Xinjiang China
공고 • Mar 30TBEA Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026TBEA Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
Buy Or Sell Opportunity • Jan 30Now 20% undervaluedOver the last 90 days, the stock has risen 39% to CN¥27.20. The fair value is estimated to be CN¥34.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 69% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥27.37, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.88 per share.
공고 • Dec 26TBEA Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026TBEA Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥25.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.75 per share.
New Risk • Nov 03New 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change).
Reported Earnings • Nov 01Third quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.25 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.25 in 3Q 2024). Revenue: CN¥24.6b (flat on 3Q 2024). Net income: CN¥2.30b (up 82% from 3Q 2024). Profit margin: 9.4% (up from 5.2% in 3Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Price Target Changed • Oct 11Price target increased by 17% to CN¥18.47Up from CN¥15.80, the current price target is an average from 3 analysts. New target price is 5.9% below last closing price of CN¥19.63. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥0.80 last year.
공고 • Sep 30TBEA Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025TBEA Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Aug 21Second quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.21 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.21 in 2Q 2024). Revenue: CN¥25.0b (up 3.1% from 2Q 2024). Net income: CN¥1.58b (up 52% from 2Q 2024). Profit margin: 6.3% (up from 4.3% in 2Q 2024). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jul 29Price target increased by 15% to CN¥15.47Up from CN¥13.47, the current price target is an average from 3 analysts. New target price is 10% above last closing price of CN¥14.02. Stock is up 6.0% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥0.80 last year.
Valuation Update With 7 Day Price Move • Jul 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥14.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electrical industry in China. Total loss to shareholders of 20% over the past three years.
Declared Dividend • Jul 06Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (35% 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 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 110% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공고 • Jun 30TBEA Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025TBEA Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
공고 • Jun 24TBEA Co., Ltd.(SHSE:600089) dropped from Shanghai Stock Exchange 180 Value IndexTBEA Co., Ltd. removed form Shanghai Stock Exchange 180 Value Index
Major Estimate Revision • Apr 29Consensus EPS estimates fall by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥107.5b to CN¥102.6b. EPS estimate also fell from CN¥1.32 per share to CN¥1.12 per share. Net income forecast to grow 90% next year vs 43% growth forecast for Electrical industry in China. Consensus price target reaffirmed at CN¥13.47. Share price was steady at CN¥11.51 over the past week.
Reported Earnings • Apr 22First quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.40 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.32 (down from CN¥0.40 in 1Q 2024). Revenue: CN¥23.4b (flat on 1Q 2024). Net income: CN¥1.60b (down 20% from 1Q 2024). Profit margin: 6.8% (down from 8.5% in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공고 • Apr 22TBEA Co., Ltd., Annual General Meeting, May 12, 2025TBEA Co., Ltd., Annual General Meeting, May 12, 2025, at 13:00 China Standard Time. Location: No. 189, Beijing South Road, Changji, Xinjiang China
공고 • Mar 28TBEA Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025TBEA Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025
Major Estimate Revision • Feb 06Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥98.1b to CN¥96.5b. EPS estimate also fell from CN¥1.19 per share to CN¥1.02 per share. Net income forecast to grow 23% next year vs 40% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥13.47. Share price was steady at CN¥12.05 over the past week.
공고 • Dec 27TBEA Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025TBEA Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: CN¥0.25. Revenue: CN¥24.5b (up 4.1% from 3Q 2023). Net income: CN¥1.26b (down 33% from 3Q 2023). Profit margin: 5.2% (down from 8.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China.
Price Target Changed • Oct 24Price target decreased by 11% to CN¥13.63Down from CN¥15.24, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥13.70. Stock is down 2.1% over the past year. The company is forecast to post earnings per share of CN¥1.07 for next year compared to CN¥2.39 last year.
공고 • Sep 30TBEA Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024TBEA Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥14.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 14% over the past three years.
Price Target Changed • Sep 10Price target decreased by 7.5% to CN¥14.74Down from CN¥15.94, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥11.89. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥1.09 for next year compared to CN¥2.39 last year.
Major Estimate Revision • Sep 05Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.53 to CN¥1.12 per share. Revenue forecast steady at CN¥100.0b. Net income forecast to grow 17% next year vs 44% growth forecast for Electrical industry in China. Consensus price target down from CN¥15.94 to CN¥15.24. Share price was steady at CN¥12.43 over the past week.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.55 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.55 in 2Q 2023). Revenue: CN¥24.3b (up 3.4% from 2Q 2023). Net income: CN¥1.04b (down 62% from 2Q 2023). Profit margin: 4.3% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
공고 • Jun 28TBEA Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024TBEA Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.93 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.93 in 1Q 2023). Revenue: CN¥23.6b (down 10% from 1Q 2023). Net income: CN¥1.99b (down 58% from 1Q 2023). Profit margin: 8.5% (down from 18% in 1Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Apr 15Consensus EPS estimates fall by 22%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.93 to CN¥1.50 per share. Revenue forecast steady at CN¥103.2b. Net income forecast to shrink 29% next year vs 46% growth forecast for Electrical industry in China . Consensus price target down from CN¥16.14 to CN¥15.81. Share price fell 5.6% to CN¥14.39 over the past week.
New Risk • Apr 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin).
공고 • Apr 09TBEA Co., Ltd., Annual General Meeting, May 07, 2024TBEA Co., Ltd., Annual General Meeting, May 07, 2024, at 12:30 China Standard Time. Location: The Company's International Conference Center, Changji, Xinjiang China
Reported Earnings • Apr 09Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: CN¥2.39 (down from CN¥3.17 in FY 2022). Revenue: CN¥98.2b (up 2.4% from FY 2022). Net income: CN¥10.7b (down 32% from FY 2022). Profit margin: 11% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
공고 • Mar 29TBEA Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024TBEA Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Price Target Changed • Mar 26Price target decreased by 7.4% to CN¥16.14Down from CN¥17.43, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥15.37. Stock is down 8.4% over the past year. The company is forecast to post earnings per share of CN¥2.14 for next year compared to CN¥3.17 last year.
공고 • Dec 29TBEA Co., Ltd. to Report Fiscal Year 2023 Results on Apr 09, 2024TBEA Co., Ltd. announced that they will report fiscal year 2023 results on Apr 09, 2024
Major Estimate Revision • Nov 03Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥101.0b to CN¥98.1b. EPS estimate also fell from CN¥2.66 per share to CN¥2.07 per share. Net income forecast to shrink 12% next year vs 60% growth forecast for Electrical industry in China . Consensus price target down from CN¥17.43 to CN¥16.93. Share price was steady at CN¥13.94 over the past week.
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: CN¥0.83 (vs CN¥0.80 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.83. Revenue: CN¥23.9b (down 7.5% from 3Q 2022). Net income: CN¥1.91b (down 54% from 3Q 2022). Profit margin: 8.0% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China.
Major Estimate Revision • Sep 08Consensus EPS estimates increase by 20%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥2.22 to CN¥2.66. Revenue forecast steady at CN¥101.0b. Net income forecast to shrink 24% next year vs 56% growth forecast for Electrical industry in China . Consensus price target down from CN¥18.27 to CN¥17.43. Share price fell 3.6% to CN¥14.32 over the past week.
Major Estimate Revision • Aug 18Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥104.7b to CN¥100.0b. EPS estimate also fell from CN¥3.05 per share to CN¥2.67 per share. Net income forecast to shrink 16% next year vs 59% growth forecast for Electrical industry in China . Consensus price target of CN¥18.46 unchanged from last update. Share price fell 6.4% to CN¥15.09 over the past week.
Major Estimate Revision • Jul 19Consensus EPS estimates increase by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥102.6b to CN¥104.7b. EPS estimate increased from CN¥2.75 to CN¥3.05 per share. Net income forecast to shrink 13% next year vs 56% growth forecast for Electrical industry in China . Consensus price target broadly unchanged at CN¥19.62. Share price fell 6.8% to CN¥16.41 over the past week.
공고 • Jun 28TBEA Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023TBEA Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023
Price Target Changed • May 10Price target increased by 7.3% to CN¥25.50Up from CN¥23.77, the current price target is an average from 4 analysts. New target price is 7.1% above last closing price of CN¥23.80. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥3.55 for next year compared to CN¥4.12 last year.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥1.20 (vs CN¥0.82 in 1Q 2022)First quarter 2023 results: EPS: CN¥1.20 (up from CN¥0.82 in 1Q 2022). Revenue: CN¥26.3b (up 53% from 1Q 2022). Net income: CN¥4.72b (up 51% from 1Q 2022). Profit margin: 18% (in line with 1Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
공고 • Jan 08TBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 millionTBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 million on January 6, 2023. Wuqi Huaguang recorded net losses after tax of CNY 58.27 million for the year ended March 31, 2022.
Price Target Changed • Dec 20Price target decreased to CN¥26.58Down from CN¥32.58, the current price target is an average from 4 analysts. New target price is 34% above last closing price of CN¥19.84. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥3.13 for next year compared to CN¥1.88 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Qing Xia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥1.05 (vs CN¥0.56 in 3Q 2021)Third quarter 2022 results: EPS: CN¥1.05 (up from CN¥0.56 in 3Q 2021). Revenue: CN¥25.9b (up 55% from 3Q 2021). Net income: CN¥4.15b (up 99% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth.
공고 • Oct 26TBEA Co., Ltd. (SHSE:600089) announces an Equity Buyback for CNY 1,000 million worth of its shares.TBEA Co., Ltd. (SHSE:600089) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 1,000 million worth of its own shares. The plan will be valid for 12 months.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥1.00 (vs CN¥0.27 in 2Q 2021)Second quarter 2022 results: EPS: CN¥1.00 (up from CN¥0.27 in 2Q 2021). Revenue: CN¥21.7b (up 66% from 2Q 2021). Net income: CN¥3.78b (up 283% from 2Q 2021). Profit margin: 18% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.2% compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jul 07Consensus EPS estimates increase by 18%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥68.4b to CN¥72.0b. EPS estimate increased from CN¥2.38 to CN¥2.82 per share. Net income forecast to grow 27% next year vs 51% growth forecast for Electrical industry in China. Consensus price target up from CN¥27.94 to CN¥32.52. Share price rose 6.3% to CN¥29.11 over the past week.
Price Target Changed • Jul 06Price target increased to CN¥30.54Up from CN¥27.94, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥29.13. Stock is up 127% over the past year. The company is forecast to post earnings per share of CN¥2.59 for next year compared to CN¥1.88 last year.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥27.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 315% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.96 per share.
Price Target Changed • Jun 03Price target increased to CN¥27.44Up from CN¥24.70, the current price target is an average from 6 analysts. New target price is 22% above last closing price of CN¥22.54. Stock is up 96% over the past year. The company is forecast to post earnings per share of CN¥2.58 for next year compared to CN¥1.88 last year.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: CN¥0.82 (up from CN¥0.57 in 1Q 2021). Revenue: CN¥17.1b (up 81% from 1Q 2021). Net income: CN¥3.12b (up 47% from 1Q 2021). Profit margin: 18% (down from 22% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 2.9%, compared to a 51% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less 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. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Weihong Sun was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 12Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: CN¥1.88 (up from CN¥0.59 in FY 2020). Revenue: CN¥61.4b (up 39% from FY 2020). Net income: CN¥7.25b (up 231% from FY 2020). Profit margin: 12% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the next year, revenue is forecast to grow 18%, compared to a 66% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.56 (vs CN¥0.17 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥16.6b (up 45% from 3Q 2020). Net income: CN¥2.08b (up 228% from 3Q 2020). Profit margin: 13% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Oct 31Price target increased to CN¥24.60Up from CN¥22.37, the current price target is an average from 8 analysts. New target price is 8.9% below last closing price of CN¥27.01. Stock is up 229% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥0.59 last year.
Price Target Changed • Oct 31Price target increased to CN¥24.60Up from CN¥22.37, the current price target is an average from 8 analysts. New target price is 8.9% below last closing price of CN¥27.01. Stock is up 229% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥0.59 last year.
Price Target Changed • Aug 30Price target increased to CN¥17.19Up from CN¥15.30, the current price target is an average from 7 analysts. New target price is 23% below last closing price of CN¥22.30. Stock is up 173% over the past year.
Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥13.1b (up 30% from 2Q 2020). Net income: CN¥987.1m (up 94% from 2Q 2020). Profit margin: 7.5% (up from 5.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥18.94, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 33x in the Electrical industry in China. Total returns to shareholders of 197% over the past three years.
Valuation Update With 7 Day Price Move • Jul 15Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥14.84, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 140% over the past three years.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥12.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 100% over the past three years.
Reported Earnings • May 02First quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.11 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥9.45b (up 20% from 1Q 2020). Net income: CN¥2.12b (up 415% from 1Q 2020). Profit margin: 22% (up from 5.2% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Apr 21Consensus revenue estimates increase to CN¥51.7bThe consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from CN¥44.3b to CN¥51.7b. EPS estimate increased from CN¥0.82 to CN¥0.88 per share. Net income forecast to grow 61% next year vs 45% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥14.82. Share price rose 4.1% to CN¥11.43 over the past week.
Reported Earnings • Apr 16Full year 2020 earnings released: EPS CN¥0.59 (vs CN¥0.47 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥44.2b (up 19% from FY 2019). Net income: CN¥2.49b (up 43% from FY 2019). Profit margin: 5.6% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥11.28, the stock is trading at a trailing P/E ratio of 25.7x, up from the previous P/E ratio of 22.3x. This compares to an average P/E of 34x in the Electrical industry in China. Total returns to shareholders over the past three years are 20%.
Is New 90 Day High Low • Jan 14New 90-day high: CN¥10.90The company is up 18% from its price of CN¥9.21 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.47 per share.
Price Target Changed • Dec 18Price target raised to CN¥9.94Up from CN¥9.05, the current price target is an average from 4 analysts. The new target price is 6.0% above the current share price of CN¥9.38. As of last close, the stock is up 42% over the past year.
Valuation Update With 7 Day Price Move • Dec 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥9.38, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.3x. This compares to an average P/E of 37x in the Electrical industry in China. Total returns to shareholders over the past three years are 2.6%.
Is New 90 Day High Low • Dec 11New 90-day low: CN¥8.04The company is down 5.0% from its price of CN¥8.47 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.29 per share.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.17The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: CN¥11.5b (up 37% from 3Q 2019). Net income: CN¥635.7m (up 2.6% from 3Q 2019). Profit margin: 5.5% (down from 7.4% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공고 • Oct 28TBEA Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020TBEA Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020
Is New 90 Day High Low • Oct 10New 90-day high: CN¥9.26The company is up 27% from its price of CN¥7.32 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.56 per share.
공고 • Jul 17TBEA Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020TBEA Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020