Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥46.31, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 139% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.11 per share. Aankondiging • Jun 30
Jack Technology Co.,Ltd to Report First Half, 2026 Results on Aug 25, 2026 Jack Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 25, 2026 Declared Dividend • Jun 10
Dividend of CN¥0.45 announced Shareholders will receive a dividend of CN¥0.45. Ex-date: 11th June 2026 Payment date: 11th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 02
Price target decreased by 9.9% to CN¥46.25 Down from CN¥51.35, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥38.83. Stock is up 2.1% over the past year. The company is forecast to post earnings per share of CN¥2.17 for next year compared to CN¥1.79 last year. Reported Earnings • Apr 23
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥1.79 (up from CN¥1.76 in FY 2024). Revenue: CN¥6.59b (up 8.1% from FY 2024). Net income: CN¥855.9m (up 5.4% from FY 2024). Profit margin: 13% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10.0%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year. Aankondiging • Apr 23
Jack Technology Co.,Ltd, Annual General Meeting, May 18, 2026 Jack Technology Co.,Ltd, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: No. 1008, Sanjia Donghai Avenue East Section, Jiaojiang District, Taizhou, Zhejiang China Aankondiging • Mar 30
Jack Technology Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Jack Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥46.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 134% over the past three years. Aankondiging • Dec 26
Jack Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Jack Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Price Target Changed • Dec 16
Price target decreased by 10% to CN¥53.39 Down from CN¥59.41, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CN¥39.18. Stock is up 36% over the past year. The company is forecast to post earnings per share of CN¥2.01 for next year compared to CN¥1.76 last year. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.43 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.43 in 3Q 2024). Revenue: CN¥1.59b (up 8.3% from 3Q 2024). Net income: CN¥204.3m (flat on 3Q 2024). Profit margin: 13% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 30% per year. Aankondiging • Sep 30
Jack Technology Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Jack Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Price Target Changed • Aug 29
Price target increased by 22% to CN¥45.18 Up from CN¥36.90, the current price target is an average from 4 analysts. New target price is 9.1% below last closing price of CN¥49.73. Stock is up 97% over the past year. The company is forecast to post earnings per share of CN¥1.98 for next year compared to CN¥1.76 last year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥51.76, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 158% over the past three years. New Risk • Jul 09
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 6.9% 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 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 (6.9% average weekly change). Aankondiging • Jun 30
Jack Technology Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Jack Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥38.76, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥31.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.45 per share. Price Target Changed • Apr 23
Price target decreased by 11% to CN¥36.90 Down from CN¥41.55, the current price target is an average from 4 analysts. New target price is 20% above last closing price of CN¥30.70. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥1.76 last year. Reported Earnings • Apr 15
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.76 (up from CN¥1.13 in FY 2023). Revenue: CN¥6.09b (up 15% from FY 2023). Net income: CN¥812.3m (up 51% from FY 2023). Profit margin: 13% (up from 10% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Apr 15
Jack Technology Co.,Ltd, Annual General Meeting, May 06, 2025 Jack Technology Co.,Ltd, Annual General Meeting, May 06, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Taizhou, Zhejiang China Aankondiging • Apr 08
Jack Technology Co.,Ltd (SHSE:603337) announces an Equity Buyback for CNY 150 million worth of its shares. Jack Technology Co.,Ltd (SHSE:603337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its class A shares. The shares will be repurchased at a price of not more than CNY 37 per share. The company's own funds will be used to repurchase the company's shares. The repurchased shares will be used for equity incentives and the unused repurchased shares will be cancelled within 36 months. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥26.88, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.88 per share. Buy Or Sell Opportunity • Apr 03
Now 23% undervalued Over the last 90 days, the stock has risen 1.7% to CN¥29.87. The fair value is estimated to be CN¥39.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Aankondiging • Mar 28
Jack Technology Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Jack Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Buy Or Sell Opportunity • Mar 19
Now 20% undervalued Over the last 90 days, the stock has risen 6.3% to CN¥30.87. The fair value is estimated to be CN¥38.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Buy Or Sell Opportunity • Feb 25
Now 21% undervalued Over the last 90 days, the stock has risen 3.7% to CN¥31.20. The fair value is estimated to be CN¥39.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Buy Or Sell Opportunity • Feb 10
Now 21% undervalued Over the last 90 days, the stock has risen 13% to CN¥32.60. The fair value is estimated to be CN¥41.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Aankondiging • Dec 27
Jack Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 15, 2025 Jack Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 15, 2025 Aankondiging • Dec 13
Jack Technology Co.,Ltd (SHSE:603337) announces an Equity Buyback for CNY 100 million worth of its shares. Jack Technology Co.,Ltd (SHSE:603337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of not more than CNY 37 per share. The purpose of program is to reduce registered capital. The program will be valid for 12 months. Price Target Changed • Nov 01
Price target increased by 7.7% to CN¥40.48 Up from CN¥37.57, the current price target is an average from 4 analysts. New target price is 38% above last closing price of CN¥29.23. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥1.66 for next year compared to CN¥1.13 last year. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.43 (up from CN¥0.29 in 3Q 2023). Revenue: CN¥1.47b (up 4.4% from 3Q 2023). Net income: CN¥202.7m (up 43% from 3Q 2023). Profit margin: 14% (up from 10% in 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Aankondiging • Sep 30
Jack Technology Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Jack Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.33 in 2Q 2023). Revenue: CN¥1.61b (up 29% from 2Q 2023). Net income: CN¥228.8m (up 44% from 2Q 2023). Profit margin: 14% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Jun 28
Jack Technology Co.,Ltd to Report First Half, 2024 Results on Aug 13, 2024 Jack Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 13, 2024 Buy Or Sell Opportunity • May 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to CN¥29.06. The fair value is estimated to be CN¥24.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.8%. Revenue is forecast to grow by 73% in 2 years. Earnings are forecast to grow by 64% in the next 2 years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥28.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Machinery industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.17 per share. Price Target Changed • May 03
Price target increased by 12% to CN¥34.10 Up from CN¥30.55, the current price target is an average from 2 analysts. New target price is 28% above last closing price of CN¥26.54. Stock is up 39% over the past year. The company is forecast to post earnings per share of CN¥1.51 for next year compared to CN¥1.13 last year. Aankondiging • May 01
Jack Technology Co.,Ltd, Annual General Meeting, May 21, 2024 Jack Technology Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Taizhou, Zhejiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.23 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.41 (up from CN¥0.23 in 1Q 2023). Revenue: CN¥1.63b (up 13% from 1Q 2023). Net income: CN¥187.9m (up 68% from 1Q 2023). Profit margin: 12% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Mar 29
Jack Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Jack Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Aankondiging • Feb 01
Jack Technology Co.,Ltd (SHSE:603337) announces an Equity Buyback for CZK 200 million worth of its shares. Jack Technology Co.,Ltd (SHSE:603337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price of not more than CNY 25 per share. The shares purchased will be used for ESOP. The program will be valid for 12 months. Aankondiging • Dec 29
Jack Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Jack Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 Aankondiging • Nov 29
Jack Technology Co.,Ltd (SHSE:603337) announces an Equity Buyback for CNY 380 million worth of its shares. Jack Technology Co.,Ltd (SHSE:603337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 380 million worth of its shares. The program will be valid for a period of 12 months. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.24 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.24 in 3Q 2022). Revenue: CN¥1.41b (up 9.9% from 3Q 2022). Net income: CN¥141.8m (up 26% from 3Q 2022). Profit margin: 10% (up from 8.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.27 in 2Q 2022). Revenue: CN¥1.24b (down 3.7% from 2Q 2022). Net income: CN¥158.4m (up 31% from 2Q 2022). Profit margin: 13% (up from 9.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Jun 28
Jack Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Jack Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Price Target Changed • Apr 28
Price target increased by 18% to CN¥22.40 Up from CN¥19.00, the current price target is an average from 2 analysts. New target price is 17% above last closing price of CN¥19.14. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥1.08 last year. Price Target Changed • Apr 19
Price target increased by 18% to CN¥22.40 Up from CN¥19.00, the current price target is an average from 2 analysts. New target price is 14% above last closing price of CN¥19.62. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥1.08 last year. Reported Earnings • Apr 12
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.08 (up from CN¥1.05 in FY 2021). Revenue: CN¥5.50b (down 9.1% from FY 2021). Net income: CN¥493.6m (up 5.8% from FY 2021). Profit margin: 9.0% (up from 7.7% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
Jack Technology Co.,Ltd (SHSE:603337) announces an Equity Buyback for CNY 120 million worth of its shares. Jack Technology Co., Ltd. (SHSE:603337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The shares will be repurchased at a price of not more than CNY 26 per share. The shares purchased will be used for the company's employee stock ownership plan and the shares that aren’t used within 36 months after the completion of the repurchase will be cancelled. The program will be valid for 12 months. Price Target Changed • Dec 20
Price target decreased to CN¥21.91 Down from CN¥23.91, the current price target is an average from 2 analysts. New target price is 16% above last closing price of CN¥18.94. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥1.26 for next year compared to CN¥1.05 last year. Price Target Changed • Nov 16
Price target decreased to CN¥21.91 Down from CN¥23.91, the current price target is an average from 2 analysts. New target price is 8.7% above last closing price of CN¥20.16. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥1.26 for next year compared to CN¥1.05 last year. Board Change • Nov 16
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 Huobao Xie was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Third quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥1.28b (up 1.3% from 3Q 2021). Net income: CN¥112.3m (up 41% from 3Q 2021). Profit margin: 8.8% (up from 6.3% in 3Q 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.27. Revenue: CN¥1.29b (down 20% from 2Q 2021). Net income: CN¥121.1m (up 2.3% from 2Q 2021). Profit margin: 9.4% (up from 7.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 29%, compared to a 36% growth forecast for the Machinery industry in China. Aankondiging • May 13
Jack Technology Co., Ltd. (SHSE:603337) announces an Equity Buyback for CNY 80 million worth of its shares. Jack Technology Co., Ltd. (SHSE:603337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its shares. The shares will be repurchased at a price of not more than CNY 30 per share. The shares purchased will be used for the company's employee stock ownership plan. The program will be funded out of the company's own funds. The program will be valid for 12 months. Price Target Changed • Apr 27
Price target decreased to CN¥25.45 Down from CN¥32.81, the current price target is an average from 3 analysts. New target price is 18% above last closing price of CN¥21.58. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥1.40 for next year compared to CN¥1.05 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.31 in 1Q 2021). Revenue: CN¥1.82b (up 3.9% from 1Q 2021). Net income: CN¥190.5m (up 37% from 1Q 2021). Profit margin: 11% (up from 7.9% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 19%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.05 (up from CN¥0.71 in FY 2020). Revenue: CN¥6.05b (up 72% from FY 2020). Net income: CN¥466.9m (up 49% from FY 2020). Profit margin: 7.7% (down from 8.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 27%, compared to a 30% growth forecast for the industry in China. 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 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥28.78, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥25.97, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Machinery industry in China. Total returns to shareholders of 5.6% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.35 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¥1.27b (up 38% from 3Q 2020). Net income: CN¥79.6m (down 49% from 3Q 2020). Profit margin: 6.3% (down from 17% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.08 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.62b (up 144% from 2Q 2020). Net income: CN¥118.3m (up 230% from 2Q 2020). Profit margin: 7.3% (up from 5.4% in 2Q 2020). 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 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 14
Upcoming dividend of CN¥0.26 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 21 June 2021. Trailing yield: 0.9%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (1.6%). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.11 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.75b (up 79% from 1Q 2020). Net income: CN¥138.6m (up 190% from 1Q 2020). Profit margin: 7.9% (up from 4.9% 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 but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Price Target Changed • Mar 18
Price target decreased to CN¥24.10 Down from CN¥27.40, the current price target is an average from 2 analysts. New target price is 30% below last closing price of CN¥34.54. Stock is up 85% over the past year. Is New 90 Day High Low • Feb 04
New 90-day high: CN¥34.90 The company is up 7.0% from its price of CN¥32.75 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥111 per share. Aankondiging • Jan 22
Jack Sewing Machine Co., Ltd. (SHSE:603337) and Jack Europe S.à r.l. agreed to acquire 10% stake in Vi.Be.Mac. Spa and Zhejiang Weibima Intelligent Sewing Technology Co., Ltd. from GUERRESCHI ELENA for CNY 23.4 million. Jack Sewing Machine Co., Ltd. (SHSE:603337) and Jack Europe S.à r.l. agreed to acquire 10% stake in Vi.Be.Mac. Spa and Zhejiang Weibima Intelligent Sewing Technology Co., Ltd. from GUERRESCHI ELENA for CNY 23.4 million on January 20, 2021. Under the terms of transactions, Jack Europe S.à r.l. will acquire 10% stake in Vi.Be.Mac. Spa for CNY 22.4 million and 10% stake in Zhejiang Weibima Intelligent Sewing Technology for CNY 1 million. After the completion of the equity transfer, the company’s equity in Zhejiang Weibima and Italy VBM will increase from 80% to 90%. As of September 30, 2020, Zhejiang Weibima Intelligent Sewing had total assets of CNY 19.3 million and net assets of CNY 6.15 million. As of September 30, 2020, Vi.Be.Mac had total assets of CNY 93.2 million and net assets of CNY 57.8 million. The transaction needs to be approved and filed by relevant government departments such as development and reform, commerce, etc. The Board of Jack Europe S.à r.l approved the deal. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥31.40, the stock is trading at a trailing P/E ratio of 48.3x, up from the previous P/E ratio of 41.8x. This compares to an average P/E of 35x in the Machinery industry in China. Total returns to shareholders over the past three years are 45%. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 16% share price gain to CN¥32.75, the stock is trading at a trailing P/E ratio of 50.4x, up from the previous P/E ratio of 43.6x. This compares to an average P/E of 41x in the Machinery industry in China. Total returns to shareholders over the past three years are 39%. Is New 90 Day High Low • Nov 03
New 90-day high: CN¥30.78 The company is up 50% from its price of CN¥20.46 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥95.28 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥287.3m, down 14% from the prior year. Total revenue was CN¥3.25b over the last 12 months, down 15% from the prior year. Aankondiging • Oct 30
Jack Sewing Machine Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Jack Sewing Machine Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 15
New 90-day high: CN¥28.96 The company is up 48% from its price of CN¥19.59 on 17 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.83 per share. Major Estimate Revision • Sep 23
Analysts lower revenue estimates to CN¥3.09b The 2020 consensus revenue estimate decreased from CN¥3.55b. Earning per share (EPS) estimate was also lowered from CN¥0.82 to CN¥0.66 for the same period. Net income is expected to grow by 79% next year compared to 38% growth forecast for the Machinery industry in China. The consensus price target increased from CN¥27.40 to CN¥27.65. Share price is down by 1.9% to CN¥25.70 over the past week. Aankondiging • Aug 26
Jack Sewing Machine Co., Ltd. announced that it expects to receive CNY 1.25 billion in funding Jack Sewing Machine Co., Ltd. (SHSE:603337) announced private placement of not more than 133,346,466 A shares for gross proceeds of not more than CNY 1,250,000,000 to not more than 35 specific investors on August 25, 2020. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance. The transaction has been approved by the 4th meeting of the 5th supervisory board and 5th meeting of 5th board of directors of the company. The transaction is subject to approval of the company's shareholders and the China Securities Regulatory Commission. Aankondiging • Jul 08
Jack Sewing Machine Co.,Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Jack Sewing Machine Co.,Ltd. announced that they will report first half, 2020 results on Aug 18, 2020