Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.70, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Construction industry in China. Total returns to shareholders of 91% over the past three years. Major Estimate Revision • Apr 28
Consensus revenue estimates increase by 14% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥6.02b to CN¥6.85b. EPS estimate increased from CN¥0.475 to CN¥0.79 per share. Net income forecast to grow 103% next year vs 12% growth forecast for Construction industry in China. Consensus price target up from CN¥17.46 to CN¥24.30. Share price fell 8.1% to CN¥22.05 over the past week. Aankondiging • Apr 22
Both Engineering Technology Co.,Ltd., Annual General Meeting, May 13, 2026 Both Engineering Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Reported Earnings • Apr 22
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.39 (down from CN¥0.41 in FY 2024). Revenue: CN¥4.13b (down 21% from FY 2024). Net income: CN¥205.2m (down 3.3% from FY 2024). Profit margin: 5.0% (up from 4.0% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥22.44, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 15x in the Construction industry in China. Total returns to shareholders of 29% over the past three years. Aankondiging • Mar 30
Both Engineering Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Both Engineering Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥19.35, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 16x in the Construction industry in China. Total returns to shareholders of 67% over the past year. New Risk • Mar 03
New major risk - Share price stability The 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 Risk Dividend is not well covered by cash flows (284% cash payout ratio). New Risk • Dec 29
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 7.0% 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 (284% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Aankondiging • Dec 26
Both Engineering Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Both Engineering Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.85, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 15x in the Construction industry in China. Total returns to shareholders of 57% over the past year. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (down from CN¥0.11 in 3Q 2024). Revenue: CN¥852.6m (down 36% from 3Q 2024). Net income: CN¥49.5m (down 16% from 3Q 2024). Profit margin: 5.8% (up from 4.4% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Construction industry in China. Aankondiging • Sep 30
Both Engineering Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Both Engineering Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.081 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.08 (down from CN¥0.081 in 2Q 2024). Revenue: CN¥1.39b (up 2.2% from 2Q 2024). Net income: CN¥39.3m (down 10% from 2Q 2024). Profit margin: 2.8% (down from 3.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Construction industry in China. Aankondiging • Jun 30
Both Engineering Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Both Engineering Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥13.07, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 26% over the past year. Board Change • May 21
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. 4 non-independent directors. Independent Director Shaoxiong Chen was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 22
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.41 (down from CN¥0.45 in FY 2023). Revenue: CN¥5.24b (up 32% from FY 2023). Net income: CN¥212.3m (flat on FY 2023). Profit margin: 4.0% (down from 5.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Construction industry in China. Aankondiging • Apr 22
Both Engineering Technology Co.,Ltd., Annual General Meeting, May 12, 2025 Both Engineering Technology Co.,Ltd., Annual General Meeting, May 12, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.88, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Construction industry in China. Total loss to shareholders of 7.2% over the past year. Aankondiging • Mar 28
Both Engineering Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Both Engineering Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Dec 27
Both Engineering Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Both Engineering Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.63, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Construction industry in China. Total loss to shareholders of 7.7% over the past year. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥1.34b (up 22% from 3Q 2023). Net income: CN¥59.2m (up 3.9% from 3Q 2023). Profit margin: 4.4% (down from 5.2% 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 11% growth forecast for the Construction industry in China. Upcoming Dividend • Oct 04
Upcoming dividend of CN¥0.06 per share Eligible shareholders must have bought the stock before 11 October 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (2.8%). Aankondiging • Sep 30
Both Engineering Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Both Engineering Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.05, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 11x in the Construction industry in China. Total loss to shareholders of 16% over the past year. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥1.36b (up 51% from 2Q 2023). Net income: CN¥43.8m (down 16% from 2Q 2023). Profit margin: 3.2% (down from 5.8% in 2Q 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 9.7% growth forecast for the Construction industry in China. New Risk • Jul 22
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 7.3% 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 High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Aankondiging • Jun 28
Both Engineering Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Both Engineering Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥12.75, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Construction industry in China. Total loss to shareholders of 23% over the past year. Reported Earnings • Apr 24
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.45 (down from CN¥0.64 in FY 2022). Revenue: CN¥3.98b (up 45% from FY 2022). Net income: CN¥214.0m (down 15% from FY 2022). Profit margin: 5.4% (down from 9.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Aankondiging • Apr 23
Both Engineering Technology Co.,Ltd., Annual General Meeting, May 13, 2024 Both Engineering Technology Co.,Ltd., Annual General Meeting, May 13, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Aankondiging • Mar 29
Both Engineering Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Both Engineering Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.13, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 10x in the Construction industry in China. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.75, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Construction industry in China. Aankondiging • Dec 30
Both Engineering Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Both Engineering Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.40, the stock trades at a trailing P/E ratio of 38x. Average forward P/E is 12x in the Construction industry in China. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11. Revenue: CN¥1.09b (up 59% from 3Q 2022). Net income: CN¥57.0m (up 3.1% from 3Q 2022). Profit margin: 5.2% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Aankondiging • Sep 30
Both Engineering Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Both Engineering Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.23 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.23 in 2Q 2022). Revenue: CN¥898.5m (up 28% from 2Q 2022). Net income: CN¥52.4m (down 42% from 2Q 2022). Profit margin: 5.8% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.02, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 21x in the Construction industry in China. Reported Earnings • Apr 28
First quarter 2022 earnings released First quarter 2022 results: EPS: CN¥0.11. Net income: CN¥42.9m (up CN¥42.9m from 1Q 2021).