Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥25.34, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 43x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. 공시 • Jun 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Declared Dividend • Jun 01
Dividend increased to CN¥0.31 Dividend of CN¥0.31 is 3.3% higher than last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 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. 4 experienced directors. 7 highly experienced directors. 2 independent directors (6 non-independent directors). Independent Director Yafang Xie was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Apr 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 19, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China 공시 • Mar 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 공시 • Dec 26
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 공시 • Sep 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 공시 • Jun 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 공시 • Apr 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China 공시 • Mar 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 공시 • Dec 27
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.098 (vs CN¥0.27 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.098. Revenue: CN¥991.6m (up 24% from 3Q 2023). Net income: CN¥104.0m (flat on 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥19.11, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 54% over the past three years. 공시 • Sep 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Board Change • Sep 26
Less than half of directors are independent Following 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. 6 non-independent directors. Independent Director Yafang Xie 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. 공시 • Jun 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 공시 • Apr 24
Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 17, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.54 (vs CN¥0.86 in FY 2022) Full year 2023 results: EPS: CN¥0.54 (down from CN¥0.86 in FY 2022). Revenue: CN¥3.03b (flat on FY 2022). Net income: CN¥206.0m (down 37% from FY 2022). Profit margin: 6.8% (down from 11% in FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year and the company’s share price has also fallen by 20% per year. 공시 • Mar 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.08, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 77% over the past three years. 공시 • Dec 29
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.27 (up from CN¥0.26 in 3Q 2022). Revenue: CN¥798.1m (up 15% from 3Q 2022). Net income: CN¥103.2m (up 4.2% from 3Q 2022). Profit margin: 13% (down from 14% in 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year. 공시 • Sep 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥767.9m (up 4.9% from 2Q 2022). Net income: CN¥72.0m (down 36% from 2Q 2022). Profit margin: 9.4% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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: Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). 공시 • Jun 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.20 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.04 (down from CN¥0.20 in 1Q 2022). Revenue: CN¥535.4m (down 24% from 1Q 2022). Net income: CN¥13.3m (down 82% from 1Q 2022). Profit margin: 2.5% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥19.72, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.01, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.14 in 3Q 2021). Revenue: CN¥694.0m (down 8.3% from 3Q 2021). Net income: CN¥99.0m (up 95% from 3Q 2021). Profit margin: 14% (up from 6.7% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥26.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 39% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.80 per share. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.71 (vs CN¥1.15 in FY 2020) Full year 2021 results: EPS: CN¥0.71 (down from CN¥1.15 in FY 2020). Revenue: CN¥2.64b (up 41% from FY 2020). Net income: CN¥270.5m (down 33% from FY 2020). Profit margin: 10% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 33%, compared to a 24% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥50.27, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 3.1% over the past year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.29 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥756.5m (up 50% from 3Q 2020). Net income: CN¥50.8m (down 50% from 3Q 2020). Profit margin: 6.7% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.47 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥556.6m (up 10% from 2Q 2020). Net income: CN¥89.4m (down 53% from 2Q 2020). Profit margin: 16% (down from 38% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.27 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥451.9m (up 33% from 1Q 2020). Net income: CN¥64.3m (up 18% from 1Q 2020). Profit margin: 14% (down from 16% in 1Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥60.81, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 82% over the past year. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥81.38 The company is up 23% from its price of CN¥66.21 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.18 per share. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to CN¥78.70, the stock is trading at a trailing P/E ratio of 47.3x, up from the previous P/E ratio of 40x. This compares to an average P/E of 48x in the Electronic industry in China. Total returns to shareholders over the past year are 207%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥407.1m, up 28% from the prior year. Total revenue was CN¥1.75b over the last 12 months, up 26% from the prior year.