Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥31.01, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 45x in the Machinery industry in China. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥32.64, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 43x in the Machinery industry in China. Total returns to shareholders of 52% over the past three years. Aankondiging • Jul 01
EST Tools Co., Ltd to Report First Half, 2026 Results on Aug 24, 2026 EST Tools Co., Ltd announced that they will report first half, 2026 results on Aug 24, 2026 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥46.83, the stock trades at a trailing P/E ratio of 48.3x. Average trailing P/E is 51x in the Machinery industry in China. Total returns to shareholders of 99% over the past three years. Declared Dividend • Jun 29
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 30th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥38.45, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 53x in the Machinery industry in China. Total returns to shareholders of 87% over the past three years. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 6 highly experienced directors. Independent Director Shao Ming Huang was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • May 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to CN¥41.56, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 57x in the Machinery industry in China. Total returns to shareholders of 105% over the past three years. New Risk • May 07
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 8.3% 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. This is currently the only risk that has been identified for the company. Aankondiging • Apr 28
EST Tools Co., Ltd, Annual General Meeting, May 18, 2026 EST Tools Co., Ltd, Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaxing, Zhejiang China Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.25 (vs CN¥0.17 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.17 in 1Q 2025). Revenue: CN¥166.0m (up 12% from 1Q 2025). Net income: CN¥41.5m (up 47% from 1Q 2025). Profit margin: 25% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Aankondiging • Mar 31
EST Tools Co., Ltd to Report Q1, 2026 Results on Apr 24, 2026 EST Tools Co., Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥29.28, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 55x in the Machinery industry in China. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.25, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 57x in the Machinery industry in China. Total returns to shareholders of 69% over the past three years. Aankondiging • Dec 31
EST Tools Co., Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 EST Tools Co., Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥176.7m (up 17% from 3Q 2024). Net income: CN¥38.6m (up 18% from 3Q 2024). Profit margin: 22% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 30
EST Tools Co., Ltd to Report Q3, 2025 Results on Oct 23, 2025 EST Tools Co., Ltd announced that they will report Q3, 2025 results on Oct 23, 2025 New Risk • Sep 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.23 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.23 in 2Q 2024). Revenue: CN¥189.0m (up 17% from 2Q 2024). Net income: CN¥47.2m (up 25% from 2Q 2024). Profit margin: 25% (up from 23% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 02
EST Tools Co., Ltd to Report First Half, 2025 Results on Aug 26, 2025 EST Tools Co., Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: CN¥0.79 (vs CN¥0.82 in FY 2023) Full year 2024 results: EPS: CN¥0.79 (down from CN¥0.82 in FY 2023). Revenue: CN¥608.3m (up 8.4% from FY 2023). Net income: CN¥129.3m (down 4.4% from FY 2023). Profit margin: 21% (down from 24% 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 6% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Apr 29
EST Tools Co., Ltd, Annual General Meeting, May 19, 2025 EST Tools Co., Ltd, Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥28.79, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 40x in the Machinery industry in China. Total returns to shareholders of 29% over the past three years. Aankondiging • Apr 01
EST Tools Co., Ltd to Report Q1, 2025 Results on Apr 29, 2025 EST Tools Co., Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥49.93, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 40x in the Machinery industry in China. Total returns to shareholders of 75% over the past three years. Reported Earnings • Feb 18
Full year 2024 earnings released: EPS: CN¥0.83 (vs CN¥0.82 in FY 2023) Full year 2024 results: EPS: CN¥0.83 (up from CN¥0.82 in FY 2023). Revenue: CN¥619.5m (up 10% from FY 2023). Net income: CN¥135.6m (flat on FY 2023). Profit margin: 22% (down from 24% 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 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.30, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 9.6% over the past three years. New Risk • Feb 01
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 8.8% 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 (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥31.38, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥23.74, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 32x in the Machinery industry in China. Total loss to shareholders of 10% over the past three years. Aankondiging • Dec 31
EST Tools Co., Ltd to Report Fiscal Year 2024 Results on Apr 22, 2025 EST Tools Co., Ltd announced that they will report fiscal year 2024 results on Apr 22, 2025 Aankondiging • Nov 15
EST Tools Co., Ltd Approves Cash Dividend for the Third Quarter of 2024 EST Tools Co. Ltd. announced that at its EGM held on 13 November 2024, the shareholders approved third quarter of 2024 profit distribution plan: cash dividend/10 shares (tax included) of CNY 3.70000000. Aankondiging • Oct 30
EST Tools Co., Ltd Announces Cash Dividend Proposal for the Third Quarter of 2024 EST Tools Co. Ltd. announced profit distribution proposal for the third quarter of 2024 as: Cash dividend/10 shares (tax included) of CNY 3.70000000. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥150.9m (up 8.1% from 3Q 2023). Net income: CN¥32.8m (down 9.0% from 3Q 2023). Profit margin: 22% (down from 26% 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 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 30
EST Tools Co., Ltd to Report Q3, 2024 Results on Oct 29, 2024 EST Tools 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 26% After last week's 26% share price gain to CN¥22.65, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥162.1m (up 8.2% from 2Q 2023). Net income: CN¥37.7m (down 8.0% from 2Q 2023). Profit margin: 23% (down from 27% 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 3% per year whereas the company’s share price has fallen by 1% per year. Aankondiging • Jun 29
EST Tools Co., Ltd to Report First Half, 2024 Results on Aug 28, 2024 EST Tools Co., Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Aankondiging • Apr 28
EST Tools Co., Ltd, Annual General Meeting, May 17, 2024 EST Tools Co., Ltd, Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiaxing, Zhejiang China Agenda: To consider 2023 work report of the board of directors; to consider 2023 annual accounts report; to consider 2023 work report of the supervisory committee; to consider 2023 annual report and its summary; to consider 2023 profit distribution plan; to consider reappointment of 2024 audit firm; to consider 2024 remuneration plan for directors; to consider 2024 remuneration plan for supervisors; to consider cash management with idle proprietary funds; and to consider other matters. Aankondiging • Apr 27
EST Tools Co., Ltd Proposes Final Cash Dividend for 2023 EST Tools Co. Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: final cash dividend per 10 shares (tax included) of CNY 2.00000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.12 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.12 in 1Q 2023). Revenue: CN¥124.8m (up 18% from 1Q 2023). Net income: CN¥26.1m (up 34% from 1Q 2023). Profit margin: 21% (up from 18% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Aankondiging • Mar 30
EST Tools Co., Ltd to Report Q1, 2024 Results on Apr 23, 2024 EST Tools Co., Ltd announced that they will report Q1, 2024 results on Apr 23, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥0.82 (vs CN¥0.67 in FY 2022) Full year 2023 results: EPS: CN¥0.82 (up from CN¥0.67 in FY 2022). Revenue: CN¥563.1m (up 6.1% from FY 2022). Net income: CN¥135.2m (up 21% from FY 2022). Profit margin: 24% (up from 21% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥23.32, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 28x in the Machinery industry in China. Total returns to shareholders of 52% over the past three years. Aankondiging • Feb 06
EST Tools Co., Ltd (SZSE:300488) announces an Equity Buyback for CNY 100 million worth of its shares. EST Tools Co., Ltd (SZSE:300488) 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 purchased at a price not exceeding CNY 36.07 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥17.35, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 30% over the past three years. Aankondiging • Dec 29
EST Tools Co., Ltd to Report Fiscal Year 2023 Results on Apr 23, 2024 EST Tools Co., Ltd announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 06
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 6.3% 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: 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 (6.3% average weekly change). Profit margins are more than 30% lower than last year (19% net profit margin). Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.23 in 3Q 2022). Revenue: CN¥139.6m (up 7.0% from 3Q 2022). Net income: CN¥36.0m (down 2.8% from 3Q 2022). Profit margin: 26% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 3% per year. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥22.67, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 1.8% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥26.31, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 34x in the Machinery industry in China. Total returns to shareholders of 45% over the past three years. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥149.8m (up 8.4% from 2Q 2022). Net income: CN¥41.0m (flat on 2Q 2022). Profit margin: 27% (down from 30% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Jul 01
EST Tools Co., Ltd Announces Final Profit Distribution Plan to Be Implemented (A Shares) for 2022, Payable on 06 July 2023 EST Tools Co. Ltd. announced 2022 final profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included): CNY 1.45000000. Record date: 05 July 2023, Ex-date: 06 July 2023, Payment date: 06 July 2023. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Chairman of the Board Er Chen was the last 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: Insufficient board refreshment. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.18 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.18 in 1Q 2022). Revenue: CN¥106.2m (down 9.0% from 1Q 2022). Net income: CN¥19.6m (down 33% from 1Q 2022). Profit margin: 18% (down from 25% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.93 in FY 2021) Full year 2022 results: EPS: CN¥0.68 (down from CN¥0.93 in FY 2021). Revenue: CN¥531.0m (up 4.3% from FY 2021). Net income: CN¥112.4m (down 27% from FY 2021). Profit margin: 21% (down from 30% in FY 2021). The decrease in margin was driven by higher expenses. 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 7% per year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Jianzhong Fu was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.23 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥130.5m (down 6.7% from 3Q 2021). Net income: CN¥37.0m (down 18% from 3Q 2021). Profit margin: 28% (down from 32% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 30% share price gain to CN¥25.04, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 47% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.24 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (down from CN¥0.24 in 2Q 2021). Revenue: CN¥138.3m (up 5.4% from 2Q 2021). Net income: CN¥40.9m (down 3.6% from 2Q 2021). Profit margin: 30% (down from 32% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • May 19
EST Tools Co., Ltd Approves Cash Dividend for the Year 2021 EST Tools Co. Ltd. approved cash dividend (tax included) of CNY 1.800000 per 10 shares, at the AGM held on May 16, 2022. Aankondiging • Apr 27
EST Tools Co., Ltd Proposes Dividend for 2021 EST Tools Co. Ltd. proposed Cash dividend/10 shares (tax included) of CNY 1.80000000 for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.18 (up from CN¥0.13 in 1Q 2021). Revenue: CN¥116.7m (up 21% from 1Q 2021). Net income: CN¥29.2m (up 41% from 1Q 2021). Profit margin: 25% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Independent Director Jianzhong Fu was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 02
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.93 (up from CN¥0.50 in FY 2020). Revenue: CN¥509.3m (up 32% from FY 2020). Net income: CN¥154.7m (up 87% from FY 2020). Profit margin: 30% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Aankondiging • Jan 25
EST Tools Plans to Buy 51-70% Stake in Measuring Tools Firm EST Tools Co. Ltd. (SZSE:300488) said it plans to buy 51-70% stake in Chengdu-based measuring tools firm. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.15 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥139.9m (up 38% from 3Q 2020). Net income: CN¥44.9m (up 76% from 3Q 2020). Profit margin: 32% (up from 25% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥38.95, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥39.53, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 29% share price gain to CN¥28.66, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 75% over the past three years. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥131.2m (up 32% from 2Q 2020). Net income: CN¥42.4m (up 33% from 2Q 2020). Profit margin: 32% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥23.60, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 34x in the Machinery industry in China. Total returns to shareholders of 20% over the past three years. Aankondiging • Aug 21
Sandvik (China) Investment Co., Ltd. completed the acquisition of 4.9% stake in Chuzhou Yongpu Alloy Tools Co., Ltd. from EST Tools Co., Ltd (SZSE:300488). Sandvik (China) Investment Co., Ltd. intends to acquire 4.9% stake in Chuzhou Yongpu Alloy Tools Co., Ltd. from EST Tools Co., Ltd (SZSE:300488) for approximately CNY 36.3 million on July 27, 2021. Within five working days after the transaction settlement date, Sandvik (China) Investment Co., Ltd. shall pay the first installment in accordance with the equity transfer agreement, which is 80% of the basic purchase price. After the transaction settlement date, if the conditions stipulated in the equity transfer agreement are met, Sandvik (China) Investment Co., Ltd. shall pay the second installment of the equity transfer agreement. As of June 30, 2021, Chuzhou Yongpu Alloy Tools Co., Ltd. recorded total assets of CNY 473.4 million, net assets of CNY 308.5 million. The transaction has been approved by the Board of Directors of EST Tools Co., Ltd.
Sandvik (China) Investment Co., Ltd. completed the acquisition of 4.9% stake in Chuzhou Yongpu Alloy Tools Co., Ltd. from EST Tools Co., Ltd (SZSE:300488) on August 20, 2021. Chuzhou Yongpu will be reported in Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. Chuzhou Yongpu had revenues of approximately SEK 400 million (CNY 295.588 million) or the twelve month period Q2 2020 to Q1 2021, an EBIT margin slightly dilutive to Sandvik Manufacturing and Machining Solutions. Impact on earnings per share will initially be neutral. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥18.56, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 34x in the Machinery industry in China. Negligible returns to shareholders over past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥96.3m (up 86% from 1Q 2020). Net income: CN¥20.7m (up 236% from 1Q 2020). Profit margin: 22% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue. 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.51 (vs CN¥0.78 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥387.2m (up 10% from FY 2019). Net income: CN¥84.7m (down 34% from FY 2019). Profit margin: 22% (down from 37% in FY 2019). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings. Aankondiging • Mar 09
EST Tools Co., Ltd to Report Fiscal Year 2020 Results on Apr 23, 2021 EST Tools Co., Ltd announced that they will report fiscal year 2020 results on Apr 23, 2021 Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.51 (vs CN¥0.78 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥387.2m (up 10% from FY 2019). Net income: CN¥84.7m (down 34% from FY 2019). Profit margin: 22% (down from 37% in FY 2019). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥14.54 The company is down 32% from its price of CN¥21.31 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥15.10 The company is down 21% from its price of CN¥19.00 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥16.88 The company is down 10.0% from its price of CN¥18.76 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market pulls back on stock over the past week After last week's 15% share price decline to CN¥18.53, the stock is trading at a trailing P/E ratio of 28.1x, down from the previous P/E ratio of 33.2x. This compares to an average P/E of 40x in the Machinery industry in China. Total return to shareholders over the past three years is a loss of 4.2%. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥109.9m, up 73% from the prior year. Total revenue was CN¥370.1m over the last 12 months, up 9.3% from the prior year. Valuation Update With 7 Day Price Move • Oct 14
Market bids up stock over the past week After last week's 26% share price gain to CN¥23.52, the stock is trading at a trailing P/E ratio of 36.8x, up from the previous P/E ratio of 29.2x. This compares to an average P/E of 44x in the Machinery industry in China. Total returns to shareholders over the past three years are 14%. Is New 90 Day High Low • Oct 09
New 90-day high: CN¥19.00 The company is up 18% from its price of CN¥16.16 on 10 July 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 up 1.0% over the same period. Aankondiging • Aug 11
EST Tools Co., Ltd to Report First Half, 2020 Results on Aug 27, 2020 EST Tools Co., Ltd announced that they will report first half, 2020 results on Aug 27, 2020 
