View Financial HealthQijing Machinery 배당 및 자사주 매입배당 기준 점검 1/6Qijing Machinery 은(는) 현재 수익률이 1.45% 인 배당금 지급 회사입니다.핵심 정보1.5%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률n/a배당 성장률-2.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향93%최근 배당 및 자사주 매입 업데이트Declared Dividend • Apr 27Dividend reduced to CN¥0.20Dividend of CN¥0.20 is 20% lower than last year. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and 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 3.5% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control. However, EPS has declined by 8.5% over the last 5 years so the company would need to reverse this trend.Declared Dividend • Apr 24Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 28th April 2025 Payment date: 28th April 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (66% 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 3.9% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.6% EPS decline seen over the last 5 years.모든 업데이트 보기Recent updates공고 • Jun 30Qijing Machinery Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026Qijing Machinery Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026Declared Dividend • Apr 27Dividend reduced to CN¥0.20Dividend of CN¥0.20 is 20% lower than last year. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and 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 3.5% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control. However, EPS has declined by 8.5% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.061 (vs CN¥0.096 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.061 (down from CN¥0.096 in 1Q 2025). Revenue: CN¥487.3m (down 4.9% from 1Q 2025). Net income: CN¥11.7m (down 37% from 1Q 2025). Profit margin: 2.4% (down from 3.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.공고 • Mar 30Qijing Machinery Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026Qijing Machinery Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026New Risk • Mar 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.3% net profit margin).Reported Earnings • Mar 27Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.35 in FY 2024)Full year 2025 results: EPS: CN¥0.25 (down from CN¥0.35 in FY 2024). Revenue: CN¥2.07b (up 3.2% from FY 2024). Net income: CN¥48.2m (down 28% from FY 2024). Profit margin: 2.3% (down from 3.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공고 • Mar 26Qijing Machinery Co., Ltd., Annual General Meeting, Apr 16, 2026Qijing Machinery Co., Ltd., Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China공고 • Dec 26Qijing Machinery Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026Qijing Machinery Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥17.74, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 54x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years.Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.063 (vs CN¥0.053 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.063 (up from CN¥0.053 in 3Q 2024). Revenue: CN¥481.9m (down 2.5% from 3Q 2024). Net income: CN¥12.2m (up 20% from 3Q 2024). Profit margin: 2.5% (up from 2.1% in 3Q 2024). The increase in margin was driven by lower expenses. 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 21% per year, which means it is well ahead of earnings.공고 • Sep 30Qijing Machinery Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025Qijing Machinery Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.092 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.092 in 2Q 2024). Revenue: CN¥544.3m (up 6.5% from 2Q 2024). Net income: CN¥22.0m (up 24% from 2Q 2024). Profit margin: 4.0% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.공고 • Jun 30Qijing Machinery Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Qijing Machinery Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025Board Change • May 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Jun Pan was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: CN¥0.096 (vs CN¥0.12 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.096 (down from CN¥0.12 in 1Q 2024). Revenue: CN¥512.6m (up 11% from 1Q 2024). Net income: CN¥18.5m (down 23% from 1Q 2024). Profit margin: 3.6% (down from 5.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Declared Dividend • Apr 24Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 28th April 2025 Payment date: 28th April 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (66% 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 3.9% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.6% EPS decline seen over the last 5 years.Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥21.87, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 112% over the past three years.공고 • Mar 28Qijing Machinery Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025Qijing Machinery Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025Valuation Update With 7 Day Price Move • Mar 28Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥23.18, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 110% over the past three years.공고 • Mar 24Qijing Machinery Co., Ltd., Annual General Meeting, Apr 11, 2025Qijing Machinery Co., Ltd., Annual General Meeting, Apr 11, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang ChinaReported Earnings • Mar 22Full year 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.36 in FY 2023)Full year 2024 results: EPS: CN¥0.35 (down from CN¥0.36 in FY 2023). Revenue: CN¥2.00b (up 13% from FY 2023). Net income: CN¥67.4m (down 2.5% from FY 2023). Profit margin: 3.4% (down from 3.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.분석 기사 • Mar 13Optimistic Investors Push Qijing Machinery Co., Ltd. (SHSE:603677) Shares Up 35% But Growth Is LackingThe Qijing Machinery Co., Ltd. ( SHSE:603677 ) share price has done very well over the last month, posting an excellent...분석 기사 • Mar 13What Qijing Machinery Co., Ltd.'s (SHSE:603677) 35% Share Price Gain Is Not Telling YouQijing Machinery Co., Ltd. ( SHSE:603677 ) shareholders have had their patience rewarded with a 35% share price jump in...New Risk • Mar 13New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥19.25, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 53x in the Electronic industry in China. Total returns to shareholders of 78% over the past three years.분석 기사 • Feb 19Qijing Machinery's (SHSE:603677) Returns On Capital Not Reflecting Well On The BusinessIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥16.50, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 35% over the past three years.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥14.56, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 27% over the past three years.공고 • Dec 27Qijing Machinery Co., Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025Qijing Machinery Co., Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.053 (vs CN¥0.11 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.053 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥494.2m (up 11% from 3Q 2023). Net income: CN¥10.1m (down 50% from 3Q 2023). Profit margin: 2.1% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.분석 기사 • Oct 28What Qijing Machinery Co., Ltd.'s (SHSE:603677) 28% Share Price Gain Is Not Telling YouThe Qijing Machinery Co., Ltd. ( SHSE:603677 ) share price has done very well over the last month, posting an excellent...Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥14.20, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 45x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years.분석 기사 • Oct 01Qijing Machinery (SHSE:603677) Has Some Difficulty Using Its Capital EffectivelyTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...공고 • Sep 30Qijing Machinery Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Qijing Machinery Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024분석 기사 • Aug 27Qijing Machinery's (SHSE:603677) Profits Appear To Have Quality IssuesThe stock price didn't jump after Qijing Machinery Co., Ltd. ( SHSE:603677 ) posted decent earnings last week. We think...Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.13 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.092 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥510.9m (up 17% from 2Q 2023). Net income: CN¥17.7m (down 31% from 2Q 2023). Profit margin: 3.5% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year.공고 • Jun 28Qijing Machinery Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024Qijing Machinery Co., Ltd. announced that they will report first half, 2024 results on Aug 21, 2024Board Change • May 10High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Independent Director Jun Pan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.089 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.089 in 1Q 2023). Revenue: CN¥461.2m (up 15% from 1Q 2023). Net income: CN¥23.9m (up 39% from 1Q 2023). Profit margin: 5.2% (up from 4.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Apr 16Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to CN¥11.05. The fair value is estimated to be CN¥14.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only.공고 • Mar 29Qijing Machinery Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024Qijing Machinery Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024Reported Earnings • Mar 22Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.36 (up from CN¥0.33 in FY 2022). Revenue: CN¥1.77b (down 1.8% from FY 2022). Net income: CN¥69.2m (up 8.0% from FY 2022). Profit margin: 3.9% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.공고 • Mar 21Qijing Machinery Co., Ltd., Annual General Meeting, Apr 10, 2024Qijing Machinery Co., Ltd., Annual General Meeting, Apr 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China분석 기사 • Feb 27Some Confidence Is Lacking In Qijing Machinery Co., Ltd.'s (SHSE:603677) P/EThere wouldn't be many who think Qijing Machinery Co., Ltd.'s ( SHSE:603677 ) price-to-earnings (or "P/E") ratio of...Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥10.85, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 35x in the Electronic industry in China. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to CN¥8.96, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 30x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥12.50, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years.공고 • Dec 30Qijing Machinery Co., Ltd. to Report Fiscal Year 2023 Results on Mar 21, 2024Qijing Machinery Co., Ltd. announced that they will report fiscal year 2023 results on Mar 21, 2024Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.097 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.097 in 3Q 2022). Revenue: CN¥443.6m (flat on 3Q 2022). Net income: CN¥20.4m (up 9.3% from 3Q 2022). Profit margin: 4.6% (up from 4.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year.Buying Opportunity • Sep 14Now 20% undervaluedOver the last 90 days, the stock is up 3.9%. The fair value is estimated to be CN¥16.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years, while earnings per share has been flat.Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.087 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.087 in 2Q 2022). Revenue: CN¥438.1m (down 2.4% from 2Q 2022). Net income: CN¥25.5m (up 52% from 2Q 2022). Profit margin: 5.8% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year.New Risk • Jul 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change).Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 45% over the past three years.공고 • Jun 28Qijing Machinery Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023Qijing Machinery Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023Reported Earnings • Mar 24Full year 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.46 in FY 2021)Full year 2022 results: EPS: CN¥0.33 (down from CN¥0.46 in FY 2021). Revenue: CN¥1.80b (down 10.0% from FY 2021). Net income: CN¥64.0m (down 28% from FY 2021). Profit margin: 3.5% (down from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.097 (vs CN¥0.13 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.097 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥441.9m (down 5.0% from 3Q 2021). Net income: CN¥18.7m (down 27% from 3Q 2021). Profit margin: 4.2% (down from 5.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 24Second quarter 2022 earnings released: EPS: CN¥0.087 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.087 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥448.9m (down 9.9% from 2Q 2021). Net income: CN¥16.7m (down 43% from 2Q 2021). Profit margin: 3.7% (down from 5.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥13.00, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years.Reported Earnings • Apr 28First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥443.9m (down 9.4% from 1Q 2021). Net income: CN¥21.9m (up 7.4% from 1Q 2021). Profit margin: 4.9% (up from 4.2% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥465.4m (up 6.1% from 3Q 2020). Net income: CN¥25.7m (up 26% from 3Q 2020). Profit margin: 5.5% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.099 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥498.1m (up 44% from 2Q 2020). Net income: CN¥29.4m (up 51% from 2Q 2020). Profit margin: 5.9% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.06 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥489.7m (up 69% from 1Q 2020). Net income: CN¥20.4m (up 83% from 1Q 2020). Profit margin: 4.2% (up from 3.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year.Reported Earnings • Mar 18Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.40 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.56b (down 6.4% from FY 2019). Net income: CN¥56.2m (down 26% from FY 2019). Profit margin: 3.6% (down from 4.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.공고 • Jan 21Qijing Machinery Co., Ltd. to Report Fiscal Year 2020 Results on Mar 17, 2021Qijing Machinery Co., Ltd. announced that they will report fiscal year 2020 results on Mar 17, 2021Is New 90 Day High Low • Jan 11New 90-day low: CN¥10.25The company is down 16% from its price of CN¥12.25 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.Valuation Update With 7 Day Price Move • Dec 15Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥10.97, the stock is trading at a trailing P/E ratio of 28.9x, down from the previous P/E ratio of 35.9x. This compares to an average P/E of 43x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 37%.Is New 90 Day High Low • Dec 08New 90-day high: CN¥13.63The company is up 9.0% from its price of CN¥12.46 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥71.5m, down 12% from the prior year. Total revenue was CN¥1.58b over the last 12 months, largely unchanged from the prior year.Is New 90 Day High Low • Oct 22New 90-day high: CN¥13.46The company is up 12% from its price of CN¥12.03 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period.공고 • Jul 06Qijing Machinery Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020Qijing Machinery Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 603677 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: 603677 의 배당금 지급이 증가했지만 회사는 9 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Qijing Machinery 배당 수익률 vs 시장603677의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (603677)1.5%시장 하위 25% (CN)0.4%시장 상위 25% (CN)2.1%업계 평균 (Electronic)0.9%분석가 예측 (603677) (최대 3년)n/a주목할만한 배당금: 603677 의 배당금( 1.45% )은 CN 시장에서 배당금 지급자의 하위 25%( 0.41% )보다 높습니다.고배당: 603677 의 배당금( 1.45% )은 CN 시장에서 배당금 지급자의 상위 25%( 2.14% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 93% )이 높기 때문에 603677 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 603677 배당금을 지급하고 있지만 회사에는 잉여현금흐름이 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YCN 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/12 09:39종가2026/08/12 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 소스Qijing Machinery Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Shang Wen ChengIndustrial Securities Co. Ltd.
Declared Dividend • Apr 27Dividend reduced to CN¥0.20Dividend of CN¥0.20 is 20% lower than last year. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and 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 3.5% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control. However, EPS has declined by 8.5% over the last 5 years so the company would need to reverse this trend.
Declared Dividend • Apr 24Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 28th April 2025 Payment date: 28th April 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (66% 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 3.9% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.6% EPS decline seen over the last 5 years.
공고 • Jun 30Qijing Machinery Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026Qijing Machinery Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026
Declared Dividend • Apr 27Dividend reduced to CN¥0.20Dividend of CN¥0.20 is 20% lower than last year. Ex-date: 30th April 2026 Payment date: 30th April 2026 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and 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 3.5% per year over the past 9 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.4% to bring the payout ratio under control. However, EPS has declined by 8.5% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Apr 25First quarter 2026 earnings released: EPS: CN¥0.061 (vs CN¥0.096 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.061 (down from CN¥0.096 in 1Q 2025). Revenue: CN¥487.3m (down 4.9% from 1Q 2025). Net income: CN¥11.7m (down 37% from 1Q 2025). Profit margin: 2.4% (down from 3.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
공고 • Mar 30Qijing Machinery Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026Qijing Machinery Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
New Risk • Mar 27New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.3% net profit margin).
Reported Earnings • Mar 27Full year 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.35 in FY 2024)Full year 2025 results: EPS: CN¥0.25 (down from CN¥0.35 in FY 2024). Revenue: CN¥2.07b (up 3.2% from FY 2024). Net income: CN¥48.2m (down 28% from FY 2024). Profit margin: 2.3% (down from 3.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공고 • Mar 26Qijing Machinery Co., Ltd., Annual General Meeting, Apr 16, 2026Qijing Machinery Co., Ltd., Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China
공고 • Dec 26Qijing Machinery Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026Qijing Machinery Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥17.74, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 54x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years.
Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.063 (vs CN¥0.053 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.063 (up from CN¥0.053 in 3Q 2024). Revenue: CN¥481.9m (down 2.5% from 3Q 2024). Net income: CN¥12.2m (up 20% from 3Q 2024). Profit margin: 2.5% (up from 2.1% in 3Q 2024). The increase in margin was driven by lower expenses. 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 21% per year, which means it is well ahead of earnings.
공고 • Sep 30Qijing Machinery Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025Qijing Machinery Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025
Reported Earnings • Aug 22Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.092 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.092 in 2Q 2024). Revenue: CN¥544.3m (up 6.5% from 2Q 2024). Net income: CN¥22.0m (up 24% from 2Q 2024). Profit margin: 4.0% (up from 3.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
공고 • Jun 30Qijing Machinery Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025Qijing Machinery Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025
Board Change • May 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Jun Pan was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: CN¥0.096 (vs CN¥0.12 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.096 (down from CN¥0.12 in 1Q 2024). Revenue: CN¥512.6m (up 11% from 1Q 2024). Net income: CN¥18.5m (down 23% from 1Q 2024). Profit margin: 3.6% (down from 5.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Declared Dividend • Apr 24Dividend increased to CN¥0.25Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 28th April 2025 Payment date: 28th April 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (66% 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 3.9% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.6% EPS decline seen over the last 5 years.
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥21.87, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 112% over the past three years.
공고 • Mar 28Qijing Machinery Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025Qijing Machinery Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025
Valuation Update With 7 Day Price Move • Mar 28Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥23.18, the stock trades at a trailing P/E ratio of 66.2x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 110% over the past three years.
공고 • Mar 24Qijing Machinery Co., Ltd., Annual General Meeting, Apr 11, 2025Qijing Machinery Co., Ltd., Annual General Meeting, Apr 11, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China
Reported Earnings • Mar 22Full year 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.36 in FY 2023)Full year 2024 results: EPS: CN¥0.35 (down from CN¥0.36 in FY 2023). Revenue: CN¥2.00b (up 13% from FY 2023). Net income: CN¥67.4m (down 2.5% from FY 2023). Profit margin: 3.4% (down from 3.9% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings.
분석 기사 • Mar 13Optimistic Investors Push Qijing Machinery Co., Ltd. (SHSE:603677) Shares Up 35% But Growth Is LackingThe Qijing Machinery Co., Ltd. ( SHSE:603677 ) share price has done very well over the last month, posting an excellent...
분석 기사 • Mar 13What Qijing Machinery Co., Ltd.'s (SHSE:603677) 35% Share Price Gain Is Not Telling YouQijing Machinery Co., Ltd. ( SHSE:603677 ) shareholders have had their patience rewarded with a 35% share price jump in...
New Risk • Mar 13New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥19.25, the stock trades at a trailing P/E ratio of 64.1x. Average trailing P/E is 53x in the Electronic industry in China. Total returns to shareholders of 78% over the past three years.
분석 기사 • Feb 19Qijing Machinery's (SHSE:603677) Returns On Capital Not Reflecting Well On The BusinessIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? A business...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥16.50, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 35% over the past three years.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥14.56, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 27% over the past three years.
공고 • Dec 27Qijing Machinery Co., Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025Qijing Machinery Co., Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.053 (vs CN¥0.11 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.053 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥494.2m (up 11% from 3Q 2023). Net income: CN¥10.1m (down 50% from 3Q 2023). Profit margin: 2.1% (down from 4.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
분석 기사 • Oct 28What Qijing Machinery Co., Ltd.'s (SHSE:603677) 28% Share Price Gain Is Not Telling YouThe Qijing Machinery Co., Ltd. ( SHSE:603677 ) share price has done very well over the last month, posting an excellent...
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥14.20, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 45x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years.
분석 기사 • Oct 01Qijing Machinery (SHSE:603677) Has Some Difficulty Using Its Capital EffectivelyTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
공고 • Sep 30Qijing Machinery Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024Qijing Machinery Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024
분석 기사 • Aug 27Qijing Machinery's (SHSE:603677) Profits Appear To Have Quality IssuesThe stock price didn't jump after Qijing Machinery Co., Ltd. ( SHSE:603677 ) posted decent earnings last week. We think...
Reported Earnings • Aug 21Second quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.13 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.092 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥510.9m (up 17% from 2Q 2023). Net income: CN¥17.7m (down 31% from 2Q 2023). Profit margin: 3.5% (down from 5.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year.
공고 • Jun 28Qijing Machinery Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024Qijing Machinery Co., Ltd. announced that they will report first half, 2024 results on Aug 21, 2024
Board Change • May 10High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Independent Director Jun Pan is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.089 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.089 in 1Q 2023). Revenue: CN¥461.2m (up 15% from 1Q 2023). Net income: CN¥23.9m (up 39% from 1Q 2023). Profit margin: 5.2% (up from 4.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Apr 16Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to CN¥11.05. The fair value is estimated to be CN¥14.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
공고 • Mar 29Qijing Machinery Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024Qijing Machinery Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024
Reported Earnings • Mar 22Full year 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.36 (up from CN¥0.33 in FY 2022). Revenue: CN¥1.77b (down 1.8% from FY 2022). Net income: CN¥69.2m (up 8.0% from FY 2022). Profit margin: 3.9% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.
공고 • Mar 21Qijing Machinery Co., Ltd., Annual General Meeting, Apr 10, 2024Qijing Machinery Co., Ltd., Annual General Meeting, Apr 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China
분석 기사 • Feb 27Some Confidence Is Lacking In Qijing Machinery Co., Ltd.'s (SHSE:603677) P/EThere wouldn't be many who think Qijing Machinery Co., Ltd.'s ( SHSE:603677 ) price-to-earnings (or "P/E") ratio of...
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥10.85, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 35x in the Electronic industry in China. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to CN¥8.96, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 30x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥12.50, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years.
공고 • Dec 30Qijing Machinery Co., Ltd. to Report Fiscal Year 2023 Results on Mar 21, 2024Qijing Machinery Co., Ltd. announced that they will report fiscal year 2023 results on Mar 21, 2024
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.097 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.097 in 3Q 2022). Revenue: CN¥443.6m (flat on 3Q 2022). Net income: CN¥20.4m (up 9.3% from 3Q 2022). Profit margin: 4.6% (up from 4.2% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year.
Buying Opportunity • Sep 14Now 20% undervaluedOver the last 90 days, the stock is up 3.9%. The fair value is estimated to be CN¥16.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years, while earnings per share has been flat.
Reported Earnings • Aug 24Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.087 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.087 in 2Q 2022). Revenue: CN¥438.1m (down 2.4% from 2Q 2022). Net income: CN¥25.5m (up 52% from 2Q 2022). Profit margin: 5.8% (up from 3.7% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year.
New Risk • Jul 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change).
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 45% over the past three years.
공고 • Jun 28Qijing Machinery Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023Qijing Machinery Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023
Reported Earnings • Mar 24Full year 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.46 in FY 2021)Full year 2022 results: EPS: CN¥0.33 (down from CN¥0.46 in FY 2021). Revenue: CN¥1.80b (down 10.0% from FY 2021). Net income: CN¥64.0m (down 28% from FY 2021). Profit margin: 3.5% (down from 4.4% in FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.097 (vs CN¥0.13 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.097 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥441.9m (down 5.0% from 3Q 2021). Net income: CN¥18.7m (down 27% from 3Q 2021). Profit margin: 4.2% (down from 5.5% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 24Second quarter 2022 earnings released: EPS: CN¥0.087 (vs CN¥0.15 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.087 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥448.9m (down 9.9% from 2Q 2021). Net income: CN¥16.7m (down 43% from 2Q 2021). Profit margin: 3.7% (down from 5.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year.
Valuation Update With 7 Day Price Move • Jun 29Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥13.00, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥443.9m (down 9.4% from 1Q 2021). Net income: CN¥21.9m (up 7.4% from 1Q 2021). Profit margin: 4.9% (up from 4.2% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Oct 27Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥465.4m (up 6.1% from 3Q 2020). Net income: CN¥25.7m (up 26% from 3Q 2020). Profit margin: 5.5% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.099 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥498.1m (up 44% from 2Q 2020). Net income: CN¥29.4m (up 51% from 2Q 2020). Profit margin: 5.9% (up from 5.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 11% per year.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.06 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥489.7m (up 69% from 1Q 2020). Net income: CN¥20.4m (up 83% from 1Q 2020). Profit margin: 4.2% (up from 3.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year.
Reported Earnings • Mar 18Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.40 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.56b (down 6.4% from FY 2019). Net income: CN¥56.2m (down 26% from FY 2019). Profit margin: 3.6% (down from 4.6% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year.
공고 • Jan 21Qijing Machinery Co., Ltd. to Report Fiscal Year 2020 Results on Mar 17, 2021Qijing Machinery Co., Ltd. announced that they will report fiscal year 2020 results on Mar 17, 2021
Is New 90 Day High Low • Jan 11New 90-day low: CN¥10.25The company is down 16% from its price of CN¥12.25 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.
Valuation Update With 7 Day Price Move • Dec 15Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to CN¥10.97, the stock is trading at a trailing P/E ratio of 28.9x, down from the previous P/E ratio of 35.9x. This compares to an average P/E of 43x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 37%.
Is New 90 Day High Low • Dec 08New 90-day high: CN¥13.63The company is up 9.0% from its price of CN¥12.46 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥71.5m, down 12% from the prior year. Total revenue was CN¥1.58b over the last 12 months, largely unchanged from the prior year.
Is New 90 Day High Low • Oct 22New 90-day high: CN¥13.46The company is up 12% from its price of CN¥12.03 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period.
공고 • Jul 06Qijing Machinery Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020Qijing Machinery Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020