Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Dong Li was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 14
Sumec Corporation Limited, Annual General Meeting, May 19, 2026 Sumec Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China 공시 • Mar 30
Sumec Corporation Limited to Report Q1, 2026 Results on Apr 24, 2026 Sumec Corporation Limited announced that they will report Q1, 2026 results on Apr 24, 2026 공시 • Dec 26
Sumec Corporation Limited to Report Fiscal Year 2025 Results on Apr 14, 2026 Sumec Corporation Limited announced that they will report fiscal year 2025 results on Apr 14, 2026 공시 • Sep 30
Sumec Corporation Limited to Report Q3, 2025 Results on Oct 24, 2025 Sumec Corporation Limited announced that they will report Q3, 2025 results on Oct 24, 2025 공시 • Jun 30
Sumec Corporation Limited to Report First Half, 2025 Results on Aug 28, 2025 Sumec Corporation Limited announced that they will report first half, 2025 results on Aug 28, 2025 공시 • Apr 17
Sumec Corporation Limited (SHSE:600710) agreed to acquire an additional 16.92% stake in Lanpec Technologies Limited (SHSE:601798) from Sinomach Capital Management Corporation for approximately CNY 400 million. Sumec Corporation Limited (SHSE:600710) agreed to acquire an additional 16.92% stake in Lanpec Technologies Limited (SHSE:601798) from Sinomach Capital Management Corporation for approximately CNY 400 million on April 17, 2025. As part of consideration, an undisclosed value is paid towards common equity of Lanpec Technologies Limited. Upon completion, Sumec Corporation Limited will own 21.72% stake in Lanpec Technologies Limited. Sumec Corporation Limited will purchase 60 million shares at CNY 6.71 per share. The transaction will be funded from the Sumec Corporation Limited's own funds.
The transaction still requires the review and approval of the board of directors and shareholders’ meeting of Sumec Corporation Limited and the confirmation from the compliance review and confirmation from the Shanghai Stock Exchange. 공시 • Apr 14
Sumec Corporation Limited, Annual General Meeting, May 13, 2025 Sumec Corporation Limited, Annual General Meeting, May 13, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China 공시 • Mar 28
Sumec Corporation Limited to Report Q1, 2025 Results on Apr 23, 2025 Sumec Corporation Limited announced that they will report Q1, 2025 results on Apr 23, 2025 공시 • Dec 27
Sumec Corporation Limited to Report Fiscal Year 2024 Results on Apr 12, 2025 Sumec Corporation Limited announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.30 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.30 in 3Q 2023). Revenue: CN¥31.0b (down 1.7% from 3Q 2023). Net income: CN¥430.7m (up 13% from 3Q 2023). Profit margin: 1.4% (up from 1.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Trade Distributors industry in China. 공시 • Sep 30
Sumec Corporation Limited to Report Q3, 2024 Results on Oct 25, 2024 Sumec Corporation Limited announced that they will report Q3, 2024 results on Oct 25, 2024 공시 • Sep 10
Sumec Corporation Limited (SHSE:600710) agreed to acquire 4.80% stake in Lanpec Technologies Limited (SHSE:601798) from China Perfect Machinery Industry Corp., Ltd. on September 10, 2024. A cash consideration of CNY 86.53 million. Sumec Corporation Limited (SHSE:600710) agreed to acquire 4.80% stake in Lanpec Technologies Limited (SHSE:601798) from China Perfect Machinery Industry Corp., Ltd. on September 10, 2024. The transaction will be financed through the own funds of Sumec. As of June 30, 2024, Lanpec Technologies Limited reported total assets of CNY 2.35 billion and total common equity of CNY 1.32 billion. The transaction is subject to approval of merger agreement by target board. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥32.2b (down 3.9% from 2Q 2023). Net income: CN¥304.5m (up 17% from 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Trade Distributors industry in China. Reported Earnings • Jul 10
Second quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥32.2b (down 3.9% from 2Q 2023). Net income: CN¥304.5m (up 17% from 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Trade Distributors industry in China. 공시 • Jun 28
Sumec Corporation Limited to Report First Half, 2024 Results on Aug 17, 2024 Sumec Corporation Limited announced that they will report first half, 2024 results on Aug 17, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.19 in 1Q 2023). Revenue: CN¥23.7b (down 23% from 1Q 2023). Net income: CN¥265.9m (up 5.2% from 1Q 2023). Profit margin: 1.1% (up from 0.8% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in China. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: CN¥0.79 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.79 (up from CN¥0.70 in FY 2022). Revenue: CN¥123.0b (down 13% from FY 2022). Net income: CN¥1.03b (up 13% from FY 2022). Profit margin: 0.8% (up from 0.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in China. 공시 • Apr 13
Sumec Corporation Limited, Annual General Meeting, May 09, 2024 Sumec Corporation Limited, Annual General Meeting, May 09, 2024, at 15:00 China Standard Time. 공시 • Mar 29
Sumec Corporation Limited to Report Q1, 2024 Results on Apr 26, 2024 Sumec Corporation Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Jan 30
Full year 2023 earnings released: EPS: CN¥0.79 (vs CN¥0.70 in FY 2022) Full year 2023 results: EPS: CN¥0.79 (up from CN¥0.70 in FY 2022). Revenue: CN¥123.0b (down 13% from FY 2022). Net income: CN¥1.03b (up 12% from FY 2022). Profit margin: 0.8% (up from 0.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Trade Distributors industry in China. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.69, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Trade Distributors industry in China. 공시 • Dec 29
Sumec Corporation Limited to Report Fiscal Year 2023 Results on Apr 13, 2024 Sumec Corporation Limited announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.25 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.25 in 3Q 2022). Revenue: CN¥31.6b (down 18% from 3Q 2022). Net income: CN¥383.0m (up 15% from 3Q 2022). Profit margin: 1.2% (up from 0.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Trade Distributors industry in China. 공시 • Sep 30
Sumec Corporation Limited to Report Q3, 2023 Results on Oct 26, 2023 Sumec Corporation Limited announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥33.5b (down 27% from 2Q 2022). Net income: CN¥259.5m (up 9.0% from 2Q 2022). Profit margin: 0.8% (up from 0.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Trade Distributors industry in China. Reported Earnings • Jul 16
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.19 in 2Q 2022). Revenue: CN¥33.5b (down 27% from 2Q 2022). Net income: CN¥259.9m (up 9.1% from 2Q 2022). Profit margin: 0.8% (up from 0.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Trade Distributors industry in China. 공시 • Jun 28
Sumec Corporation Limited to Report First Half, 2023 Results on Aug 18, 2023 Sumec Corporation Limited announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.13, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 24x in the Trade Distributors industry in China. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.69 (vs CN¥0.59 in FY 2021) Full year 2022 results: EPS: CN¥0.69 (up from CN¥0.59 in FY 2021). Revenue: CN¥151.0b (down 11% from FY 2021). Net income: CN¥901.0m (up 18% from FY 2021). Profit margin: 0.6% (up from 0.5% in FY 2021). The increase in margin was driven by lower expenses. Board Change • Mar 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Mao Ning was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.