View ValuationWhirlpool China 향후 성장Future 기준 점검 5/6Whirlpool China (는) 각각 연간 24.1% 및 20.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 24.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 24.9% 로 예상됩니다.핵심 정보24.1%이익 성장률24.09%EPS 성장률Consumer Durables 이익 성장13.7%매출 성장률20.5%향후 자기자본이익률24.92%애널리스트 커버리지Low마지막 업데이트15 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공고 • Jun 30Whirlpool China Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026Whirlpool China Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥7.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 24% over the past three years.Declared Dividend • Jun 15Dividend increased to CN¥0.67Dividend of CN¥0.67 is 131% higher than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (209% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is less than the 69% EPS growth achieved over the last 5 years.공고 • May 12Whirlpool China Co., Ltd., Annual General Meeting, Jun 02, 2026Whirlpool China Co., Ltd., Annual General Meeting, Jun 02, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei High-tech Industrial Development Zone, Anhui ChinaNew Risk • Apr 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 209% High level of non-cash earnings (22% accrual ratio).Reported Earnings • Apr 11Full year 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.26 in FY 2024)Full year 2025 results: EPS: CN¥0.68 (up from CN¥0.26 in FY 2024). Revenue: CN¥4.50b (up 23% from FY 2024). Net income: CN¥519.7m (up 158% from FY 2024). Profit margin: 12% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings growth.공고 • Mar 30Whirlpool China Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Whirlpool China Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥12.57, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 32x in the Consumer Durables industry in China. Total returns to shareholders of 81% over the past three years.공고 • Dec 26Whirlpool China Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026Whirlpool China Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.031 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.031 in 3Q 2024). Revenue: CN¥1.11b (up 24% from 3Q 2024). Net income: CN¥101.1m (up 360% from 3Q 2024). Profit margin: 9.1% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.공고 • Sep 30Whirlpool China Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Whirlpool China Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025Reported Earnings • Aug 20Second quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.039 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.039 in 2Q 2024). Revenue: CN¥976.0m (up 32% from 2Q 2024). Net income: CN¥99.7m (up 379% from 2Q 2024). Profit margin: 10% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.공고 • Jun 30Whirlpool China Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025Whirlpool China Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025공고 • May 23Whirlpool China Co., Ltd., Annual General Meeting, Jun 13, 2025Whirlpool China Co., Ltd., Annual General Meeting, Jun 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei High-tech Industrial Development Zone, Anhui ChinaBoard Change • May 13Less than half of directors are independentThere 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. 6 non-independent directors. Independent Director Linling Wu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Apr 28Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.031 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.031 loss in 3Q 2023). Revenue: CN¥890.8m (down 5.2% from 3Q 2023). Net income: CN¥22.0m (up CN¥43.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.24, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 10% over the past three years.공고 • Mar 28Whirlpool China Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025Whirlpool China Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025New Risk • Feb 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Large one-off items impacting financial results.New Risk • Jan 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.6% 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 Dividend is not well covered by cash flows (306% cash payout ratio). Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results.분석 기사 • Jan 06Whirlpool China (SHSE:600983) Is Doing The Right Things To Multiply Its Share PriceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...공고 • Dec 27Whirlpool China Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025Whirlpool China Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025분석 기사 • Dec 09Whirlpool China Co., Ltd. (SHSE:600983) Stock Rockets 34% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, Whirlpool China Co., Ltd. ( SHSE:600983 ) shares have been powering on, with a gain of...Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥11.74, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 51% over the past three years.New Risk • Oct 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.031 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.031 loss in 3Q 2023). Revenue: CN¥890.8m (down 5.2% from 3Q 2023). Net income: CN¥22.0m (up CN¥43.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.분석 기사 • Oct 03Returns On Capital Are Showing Encouraging Signs At Whirlpool China (SHSE:600983)There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...공고 • Sep 30Whirlpool China Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Whirlpool China Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024New Risk • Sep 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 221% Minor Risk Large one-off items impacting financial results.분석 기사 • Sep 06Whirlpool China (SHSE:600983) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereThe market seemed underwhelmed by last week's earnings announcement from Whirlpool China Co., Ltd. ( SHSE:600983...Buy Or Sell Opportunity • Jul 26Now 21% overvaluedOver the last 90 days, the stock has fallen 17% to CN¥7.07. The fair value is estimated to be CN¥5.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Jul 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 200% Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results.Buy Or Sell Opportunity • Jul 05Now 24% overvaluedOver the last 90 days, the stock has fallen 17% to CN¥7.29. The fair value is estimated to be CN¥5.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable.공고 • Jun 28Whirlpool China Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Whirlpool China Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024분석 기사 • Jun 26Whirlpool China Co., Ltd. (SHSE:600983) Investors Are Less Pessimistic Than ExpectedThere wouldn't be many who think Whirlpool China Co., Ltd.'s ( SHSE:600983 ) price-to-sales (or "P/S") ratio of 1.7x is...Board Change • May 23High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. Employee Supervisor Guang Yang is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.분석 기사 • May 22The Return Trends At Whirlpool China (SHSE:600983) Look PromisingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • May 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.공고 • May 01Whirlpool China Co., Ltd., Annual General Meeting, May 20, 2024Whirlpool China Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui ChinaBuy Or Sell Opportunity • Apr 01Now 20% overvaluedOver the last 90 days, the stock has fallen 4.8% to CN¥8.64. The fair value is estimated to be CN¥7.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Meanwhile, the company has become profitable.공고 • Mar 29Whirlpool China Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Whirlpool China Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.분석 기사 • Feb 28Whirlpool China Co., Ltd.'s (SHSE:600983) Popularity With Investors Is Under Threat From OverpricingWith a median price-to-sales (or "P/S") ratio of close to 2x in the Consumer Durables industry in China, you could be...New Risk • Feb 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Buy Or Sell Opportunity • Feb 07Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to CN¥6.27. The fair value is estimated to be CN¥8.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Meanwhile, the company has become profitable.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥6.92, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 23% over the past three years.공고 • Dec 29Whirlpool China Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Whirlpool China Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024New Risk • Dec 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 18% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Earnings have declined by 15% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 02Third quarter 2023 earnings released: CN¥0.031 loss per share (vs CN¥0.083 loss in 3Q 2022)Third quarter 2023 results: CN¥0.031 loss per share (improved from CN¥0.083 loss in 3Q 2022). Revenue: CN¥939.5m (up 4.8% from 3Q 2022). Net loss: CN¥21.6m (loss narrowed 66% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.New Risk • Aug 31New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio).Reported Earnings • Apr 29Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.77 loss in FY 2021)Full year 2022 results: EPS: CN¥0.04 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥4.26b (down 14% from FY 2021). Net income: CN¥27.9m (up CN¥616.9m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Reported Earnings • Oct 28Third quarter 2022 earnings released: CN¥19.03 loss per share (vs CN¥0.13 loss in 3Q 2021)Third quarter 2022 results: CN¥19.03 loss per share. Revenue: CN¥896.2m (down 23% from 3Q 2021). Net loss: CN¥64.0m (loss narrowed 35% from 3Q 2021).Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.15 loss in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.005 (up from CN¥0.15 loss in 2Q 2021). Revenue: CN¥1.23b (up 8.5% from 2Q 2021). Net income: CN¥6.99m (up CN¥111.5m from 2Q 2021). Profit margin: 0.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: CN¥0.02 loss per share (up from CN¥0.03 loss in 1Q 2021). Revenue: CN¥1.22b (down 14% from 1Q 2021). Net loss: CN¥18.3m (loss narrowed 26% from 1Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 86%. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.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. 12 experienced directors. No highly experienced directors. 3 independent directors (7 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.Reported Earnings • Nov 01Third quarter 2021 earnings released: CN¥0.13 loss per share (vs CN¥0.003 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥1.16b (down 15% from 3Q 2020). Net loss: CN¥97.9m (down CN¥99.9m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 20Second quarter 2021 earnings released: CN¥0.15 loss per share (vs CN¥0.011 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥1.13b (down 11% from 2Q 2020). Net loss: CN¥104.5m (loss widened CN¥95.9m from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 26Full year 2020 earnings released: CN¥0.20 loss per share (vs CN¥0.42 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥4.94b (down 6.4% from FY 2019). Net loss: CN¥149.7m (loss narrowed 54% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Mar 10New 90-day high: CN¥7.59The company is up 15% from its price of CN¥6.61 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 1.0% over the same period.Is New 90 Day High Low • Jan 14New 90-day low: CN¥6.10The company is down 14% from its price of CN¥7.08 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥367.5m, with losses widening by 125% from the prior year. Total revenue was CN¥4.73b over the last 12 months, down 18% from the prior year.공고 • Oct 20Whirlpool China Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Whirlpool China Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020공고 • Aug 26Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. intent to make an offer to acquire 61% stake in Whirlpool China Co., Ltd. (SHSE:600983) from Whirlpool Corporation (NYSE:WHR) and others for CNY CNY 2.4 billion.Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. offered to acquire 61% stake in Whirlpool China Co., Ltd. (SHSE:600983) from Whirlpool (China) Investment Co., Ltd. and others for CNY 2.4 billion on August 21, 2020. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. will acquire the shares of Whirlpool China Co., Ltd. at CNY 5.23 per share. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. expects to acquire not less than 51% and more than 61% stake of Whirlpool China Co., Ltd. Whirlpool (China) Investment Co., Ltd. owns 51% stake in Whirlpool China Co., Ltd. The tender offer is subject to regulatory approvals and Whirlpool China Co., Ltd's board approval, and shares cannot be tendered until regulatory transfer restrictions expire on February 1, 2021.공고 • Jul 08Whirlpool China Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020Whirlpool China Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020이익 및 매출 성장 예측SHSE:600983 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20287,595977N/A1,350112/31/20276,341775N/A1,001112/31/20265,241613N/A85813/31/20264,249499246342N/A12/31/20254,497520694789N/A9/30/20254,422465397469N/A6/30/20254,206386362430N/A3/31/20253,971307229278N/A12/31/20243,649202-102-57N/A9/30/20243,565120197238N/A6/30/20243,61376273312N/A3/31/20243,89080302361N/A12/31/20234,00481-1161N/A9/30/20233,885117-4645N/A6/30/20233,84275-158-57N/A3/31/20234,05258375468N/A12/31/20224,26428314415N/A9/30/20224,565-437141192N/A6/30/20224,834-471-3423N/A3/31/20224,738-583-603-513N/A12/31/20214,931-589-445-344N/A9/30/20215,122-263-145-13N/A6/30/20215,331-163-226-51N/A3/31/20215,473-67-475-299N/A12/31/20204,944-150-1,004-794N/A9/30/20204,725-368-756-456N/A6/30/20204,746-379-563-278N/A3/31/20204,705-415-595-326N/A12/31/20195,282-323N/A-109N/A9/30/20195,732-162N/A-118N/A6/30/20195,862-87N/A112N/A3/31/20196,049189N/A233N/A12/31/20186,286262N/A-30N/A9/30/20186,102314N/A-474N/A6/30/20186,099278N/A-441N/A3/31/20186,140-127N/A-213N/A12/31/20176,364-97N/A386N/A9/30/20176,592-15N/A796N/A6/30/20176,8399N/A970N/A3/31/20176,836217N/A1,066N/A12/31/20166,774283N/A1,061N/A9/30/20167,570333N/A1,354N/A6/30/20167,307426N/A671N/A3/31/20167,093481N/A762N/A12/31/20156,769441N/A899N/A9/30/20155,731339N/A-55N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600983 의 연간 예상 수익 증가율(24.1%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 600983 의 연간 수익(24.1%)이 CN 시장(26.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 600983 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 600983 의 수익(연간 20.5%)이 CN 시장(연간 16.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 600983 의 수익(연간 20.5%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600983의 자본 수익률은 3년 후 24.9%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/14 04:05종가2026/08/14 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 소스Whirlpool China Co., Ltd.는 11명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Haiyan GuoChina International Capital Corporation LimitedYunfeng LiuChina Stock Investment Research Co. Ltd. (DeepValue.online)Yali HuCitic Securities Co., Ltd.8명의 분석가 더 보기
공고 • Jun 30Whirlpool China Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026Whirlpool China Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥7.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 24% over the past three years.
Declared Dividend • Jun 15Dividend increased to CN¥0.67Dividend of CN¥0.67 is 131% higher than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (209% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control, which is less than the 69% EPS growth achieved over the last 5 years.
공고 • May 12Whirlpool China Co., Ltd., Annual General Meeting, Jun 02, 2026Whirlpool China Co., Ltd., Annual General Meeting, Jun 02, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei High-tech Industrial Development Zone, Anhui China
New Risk • Apr 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 209% High level of non-cash earnings (22% accrual ratio).
Reported Earnings • Apr 11Full year 2025 earnings released: EPS: CN¥0.68 (vs CN¥0.26 in FY 2024)Full year 2025 results: EPS: CN¥0.68 (up from CN¥0.26 in FY 2024). Revenue: CN¥4.50b (up 23% from FY 2024). Net income: CN¥519.7m (up 158% from FY 2024). Profit margin: 12% (up from 5.5% in FY 2024). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings growth.
공고 • Mar 30Whirlpool China Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Whirlpool China Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥12.57, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 32x in the Consumer Durables industry in China. Total returns to shareholders of 81% over the past three years.
공고 • Dec 26Whirlpool China Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026Whirlpool China Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.031 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.031 in 3Q 2024). Revenue: CN¥1.11b (up 24% from 3Q 2024). Net income: CN¥101.1m (up 360% from 3Q 2024). Profit margin: 9.1% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
공고 • Sep 30Whirlpool China Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Whirlpool China Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
Reported Earnings • Aug 20Second quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.039 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.039 in 2Q 2024). Revenue: CN¥976.0m (up 32% from 2Q 2024). Net income: CN¥99.7m (up 379% from 2Q 2024). Profit margin: 10% (up from 2.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
공고 • Jun 30Whirlpool China Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025Whirlpool China Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025
공고 • May 23Whirlpool China Co., Ltd., Annual General Meeting, Jun 13, 2025Whirlpool China Co., Ltd., Annual General Meeting, Jun 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei High-tech Industrial Development Zone, Anhui China
Board Change • May 13Less than half of directors are independentThere 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. 6 non-independent directors. Independent Director Linling Wu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Apr 28Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.031 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.031 loss in 3Q 2023). Revenue: CN¥890.8m (down 5.2% from 3Q 2023). Net income: CN¥22.0m (up CN¥43.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥8.24, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 22x in the Consumer Durables industry in China. Total returns to shareholders of 10% over the past three years.
공고 • Mar 28Whirlpool China Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025Whirlpool China Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025
New Risk • Feb 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Large one-off items impacting financial results.
New Risk • Jan 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.6% 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 Dividend is not well covered by cash flows (306% cash payout ratio). Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results.
분석 기사 • Jan 06Whirlpool China (SHSE:600983) Is Doing The Right Things To Multiply Its Share PriceFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
공고 • Dec 27Whirlpool China Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025Whirlpool China Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025
분석 기사 • Dec 09Whirlpool China Co., Ltd. (SHSE:600983) Stock Rockets 34% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, Whirlpool China Co., Ltd. ( SHSE:600983 ) shares have been powering on, with a gain of...
Valuation Update With 7 Day Price Move • Dec 09Investor sentiment improves as stock rises 25%After last week's 25% share price gain to CN¥11.74, the stock trades at a trailing P/E ratio of 75x. Average trailing P/E is 24x in the Consumer Durables industry in China. Total returns to shareholders of 51% over the past three years.
New Risk • Oct 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (306% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.031 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.031 (up from CN¥0.031 loss in 3Q 2023). Revenue: CN¥890.8m (down 5.2% from 3Q 2023). Net income: CN¥22.0m (up CN¥43.6m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
분석 기사 • Oct 03Returns On Capital Are Showing Encouraging Signs At Whirlpool China (SHSE:600983)There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
공고 • Sep 30Whirlpool China Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Whirlpool China Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
New Risk • Sep 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 221% Minor Risk Large one-off items impacting financial results.
분석 기사 • Sep 06Whirlpool China (SHSE:600983) Is Posting Promising Earnings But The Good News Doesn’t Stop ThereThe market seemed underwhelmed by last week's earnings announcement from Whirlpool China Co., Ltd. ( SHSE:600983...
Buy Or Sell Opportunity • Jul 26Now 21% overvaluedOver the last 90 days, the stock has fallen 17% to CN¥7.07. The fair value is estimated to be CN¥5.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Jul 09New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Cash payout ratio: 200% Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results.
Buy Or Sell Opportunity • Jul 05Now 24% overvaluedOver the last 90 days, the stock has fallen 17% to CN¥7.29. The fair value is estimated to be CN¥5.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable.
공고 • Jun 28Whirlpool China Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024Whirlpool China Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
분석 기사 • Jun 26Whirlpool China Co., Ltd. (SHSE:600983) Investors Are Less Pessimistic Than ExpectedThere wouldn't be many who think Whirlpool China Co., Ltd.'s ( SHSE:600983 ) price-to-sales (or "P/S") ratio of 1.7x is...
Board Change • May 23High number of new and inexperienced directorsThere are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. 3 experienced directors. No highly experienced directors. Employee Supervisor Guang Yang is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
분석 기사 • May 22The Return Trends At Whirlpool China (SHSE:600983) Look PromisingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • May 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
공고 • May 01Whirlpool China Co., Ltd., Annual General Meeting, May 20, 2024Whirlpool China Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China
Buy Or Sell Opportunity • Apr 01Now 20% overvaluedOver the last 90 days, the stock has fallen 4.8% to CN¥8.64. The fair value is estimated to be CN¥7.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Meanwhile, the company has become profitable.
공고 • Mar 29Whirlpool China Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Whirlpool China Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
New Risk • Mar 17New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
분석 기사 • Feb 28Whirlpool China Co., Ltd.'s (SHSE:600983) Popularity With Investors Is Under Threat From OverpricingWith a median price-to-sales (or "P/S") ratio of close to 2x in the Consumer Durables industry in China, you could be...
New Risk • Feb 13New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Buy Or Sell Opportunity • Feb 07Now 25% undervalued after recent price dropOver the last 90 days, the stock has fallen 27% to CN¥6.27. The fair value is estimated to be CN¥8.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Meanwhile, the company has become profitable.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥6.92, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 23% over the past three years.
공고 • Dec 29Whirlpool China Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024Whirlpool China Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024
New Risk • Dec 07New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 18% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Earnings have declined by 15% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 02Third quarter 2023 earnings released: CN¥0.031 loss per share (vs CN¥0.083 loss in 3Q 2022)Third quarter 2023 results: CN¥0.031 loss per share (improved from CN¥0.083 loss in 3Q 2022). Revenue: CN¥939.5m (up 4.8% from 3Q 2022). Net loss: CN¥21.6m (loss narrowed 66% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 31New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio).
Reported Earnings • Apr 29Full year 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.77 loss in FY 2021)Full year 2022 results: EPS: CN¥0.04 (up from CN¥0.77 loss in FY 2021). Revenue: CN¥4.26b (down 14% from FY 2021). Net income: CN¥27.9m (up CN¥616.9m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Reported Earnings • Oct 28Third quarter 2022 earnings released: CN¥19.03 loss per share (vs CN¥0.13 loss in 3Q 2021)Third quarter 2022 results: CN¥19.03 loss per share. Revenue: CN¥896.2m (down 23% from 3Q 2021). Net loss: CN¥64.0m (loss narrowed 35% from 3Q 2021).
Reported Earnings • Aug 31Second quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.15 loss in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.005 (up from CN¥0.15 loss in 2Q 2021). Revenue: CN¥1.23b (up 8.5% from 2Q 2021). Net income: CN¥6.99m (up CN¥111.5m from 2Q 2021). Profit margin: 0.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: CN¥0.02 loss per share (up from CN¥0.03 loss in 1Q 2021). Revenue: CN¥1.22b (down 14% from 1Q 2021). Net loss: CN¥18.3m (loss narrowed 26% from 1Q 2021). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 86%. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
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. 12 experienced directors. No highly experienced directors. 3 independent directors (7 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.
Reported Earnings • Nov 01Third quarter 2021 earnings released: CN¥0.13 loss per share (vs CN¥0.003 profit in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥1.16b (down 15% from 3Q 2020). Net loss: CN¥97.9m (down CN¥99.9m from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 20Second quarter 2021 earnings released: CN¥0.15 loss per share (vs CN¥0.011 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥1.13b (down 11% from 2Q 2020). Net loss: CN¥104.5m (loss widened CN¥95.9m from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 26Full year 2020 earnings released: CN¥0.20 loss per share (vs CN¥0.42 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥4.94b (down 6.4% from FY 2019). Net loss: CN¥149.7m (loss narrowed 54% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Mar 10New 90-day high: CN¥7.59The company is up 15% from its price of CN¥6.61 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Jan 14New 90-day low: CN¥6.10The company is down 14% from its price of CN¥7.08 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥367.5m, with losses widening by 125% from the prior year. Total revenue was CN¥4.73b over the last 12 months, down 18% from the prior year.
공고 • Oct 20Whirlpool China Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020Whirlpool China Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020
공고 • Aug 26Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. intent to make an offer to acquire 61% stake in Whirlpool China Co., Ltd. (SHSE:600983) from Whirlpool Corporation (NYSE:WHR) and others for CNY CNY 2.4 billion.Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. offered to acquire 61% stake in Whirlpool China Co., Ltd. (SHSE:600983) from Whirlpool (China) Investment Co., Ltd. and others for CNY 2.4 billion on August 21, 2020. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. will acquire the shares of Whirlpool China Co., Ltd. at CNY 5.23 per share. Guangdong Galanz Household Appliances Manufacturing Co.,Ltd. expects to acquire not less than 51% and more than 61% stake of Whirlpool China Co., Ltd. Whirlpool (China) Investment Co., Ltd. owns 51% stake in Whirlpool China Co., Ltd. The tender offer is subject to regulatory approvals and Whirlpool China Co., Ltd's board approval, and shares cannot be tendered until regulatory transfer restrictions expire on February 1, 2021.
공고 • Jul 08Whirlpool China Co., Ltd. to Report First Half, 2020 Results on Aug 20, 2020Whirlpool China Co., Ltd. announced that they will report first half, 2020 results on Aug 20, 2020