Declared Dividend • May 21
Dividend of CN¥0.28 announced Shareholders will receive a dividend of CN¥0.28. Ex-date: 26th May 2026 Payment date: 26th May 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (247% cash payout ratio). The dividend has increased by an average of 34% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Lei Zheng was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 23
Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 15, 2026 Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 15, 2026, at 15:00 China Standard Time. Location: Room 702, No. 800, Songda Road, Qingpu District, Shanghai China 공시 • Mar 31
Zenner Metering Technology (Shanghai) Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 공시 • Dec 31
Zenner Metering Technology (Shanghai) Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Zenner Metering Technology (Shanghai) Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 공시 • Sep 30
Zenner Metering Technology (Shanghai) Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 공시 • Sep 12
Zenner Metering Technology (Shanghai) Ltd. Approves Interim Cash Dividend for the Year 2025 Zenner Metering Technology (Shanghai) Ltd. announced that at its EGM held on September 10, 2025, shareholders approved the interim cash dividend of CNY 1.00 per 10 shares (tax included) for the year 2025. 공시 • Aug 27
Zenner Metering Technology (Shanghai) Ltd. Proposes Interim Profit Distribution Plan for 2025 Zenner Metering Technology (Shanghai) Ltd. announced that at the Extraordinary General Meeting of 2025 to be held on 10 September 2025 proposed 2025 interim profit distribution plan as Cash dividend/10 shares (tax included): CNY 1.00000000. 공시 • Jul 02
Zenner Metering Technology (Shanghai) Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 공시 • Apr 24
Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 14, 2025 Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 14, 2025, at 15:00 China Standard Time. Location: Room 702, No. 800, Songda Road, Qingpu District, Shanghai China 공시 • Mar 31
Zenner Metering Technology (Shanghai) Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 공시 • Dec 31
Zenner Metering Technology (Shanghai) Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 공시 • Oct 30
Zenner Metering Technology (Shanghai) Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Zenner Metering Technology (Shanghai) Ltd. announced on 29 October 2024 the profit distribution proposal for the third quarter of 2024 as follows:
Cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.19 in 3Q 2023). Revenue: CN¥422.5m (up 1.3% from 3Q 2023). Net income: CN¥103.0m (up 33% from 3Q 2023). Profit margin: 24% (up from 19% in 3Q 2023). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥13.05, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 12% over the past year. 공시 • Sep 30
Zenner Metering Technology (Shanghai) Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.16 in 2Q 2023). Revenue: CN¥336.7m (down 1.4% from 2Q 2023). Net income: CN¥65.6m (up 2.7% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). 공시 • Jun 29
Zenner Metering Technology (Shanghai) Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 03
Dividend increased to CN¥0.35 Dividend of CN¥0.35 is 59% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. 공시 • Jun 01
Zenner Metering Technology (Shanghai) Ltd. Announces Final Profit Distribution Plan to Be Implemented (A Shares) for the Year 2023, Payable on 7 June 2024 Zenner Metering Technology (Shanghai) Ltd. announced final profit distribution plan to be implemented (A shares) of CNY 3.50000000 for the year 2023. Record date: 06 June 2024. Ex-date: 07 June 2024.Payment date: 07 June 2024. New Risk • May 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥270.8m (up 1.2% from 1Q 2023). Net income: CN¥64.0m (up 29% from 1Q 2023). Profit margin: 24% (up from 19% in 1Q 2023). The increase in margin was primarily driven by lower expenses. 공시 • Apr 24
Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 13, 2024 Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 13, 2024, at 15:00 China Standard Time. Location: No. 800, Songda Road, Qingpu District, Shanghai China 공시 • Mar 30
Zenner Metering Technology (Shanghai) Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥13.69, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 32x in the Electronic industry in China. 공시 • Dec 30
Zenner Metering Technology (Shanghai) Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 공시 • Nov 15
Zenner Metering Technology (Shanghai) Ltd. Announces Executive Appointments Zenner Metering Technology (Shanghai) Ltd. announced that at the Extraordinary General Meeting of 2023 held on 10 November 2023 approved the election of Tang Guibao as independent director and Wei Guanghui as non-employee supervisor. Reported Earnings • Oct 25
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.27. Revenue: CN¥416.9m (up 21% from 3Q 2022). Net income: CN¥77.6m (up 32% from 3Q 2022). Profit margin: 19% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥341.3m (up 41% from 2Q 2022). Net income: CN¥63.8m (up 77% from 2Q 2022). Profit margin: 19% (up from 15% in 2Q 2022). The increase in margin was driven by higher revenue. 공시 • Jul 01
ZENNER Metering Technology (Shanghai) Ltd. to Report First Half, 2023 Results on Aug 25, 2023 ZENNER Metering Technology (Shanghai) Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 공시 • May 19
Zenner Metering Technology (Shanghai) Ltd. Approves Cash Dividend for the Year of 2022 ZENNER Metering Technology (Shanghai) Ltd. held its Annual General Meeting of 2022 on 15 May 2023, during which the following proposal(s) was/were approved: Cash dividend/10 shares (tax included): CNY 2.20000000 per ten shares. Board Change • Apr 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.