Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Jun Hu was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Apr 16
TBEA Co., Ltd., Annual General Meeting, May 07, 2026 TBEA Co., Ltd., Annual General Meeting, May 07, 2026, at 13:00 China Standard Time. Location: The Company's International Conference Center, Changji, Xinjiang China Aankondiging • Mar 30
TBEA Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 TBEA Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Dec 26
TBEA Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026 TBEA Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026 Aankondiging • Sep 30
TBEA Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 TBEA Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Aankondiging • Jun 30
TBEA Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 TBEA Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Aankondiging • Jun 24
TBEA Co., Ltd.(SHSE:600089) dropped from Shanghai Stock Exchange 180 Value Index TBEA Co., Ltd. removed form Shanghai Stock Exchange 180 Value Index Aankondiging • Apr 22
TBEA Co., Ltd., Annual General Meeting, May 12, 2025 TBEA Co., Ltd., Annual General Meeting, May 12, 2025, at 13:00 China Standard Time. Location: No. 189, Beijing South Road, Changji, Xinjiang China Aankondiging • Mar 28
TBEA Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 TBEA Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Aankondiging • Dec 27
TBEA Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 TBEA Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released Third quarter 2024 results: EPS: CN¥0.25. Revenue: CN¥24.5b (up 4.1% from 3Q 2023). Net income: CN¥1.26b (down 33% from 3Q 2023). Profit margin: 5.2% (down from 8.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥14.64, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 14% over the past three years. Aankondiging • Sep 30
TBEA Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 TBEA Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.55 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.21 (down from CN¥0.55 in 2Q 2023). Revenue: CN¥24.3b (up 3.4% from 2Q 2023). Net income: CN¥1.04b (down 62% from 2Q 2023). Profit margin: 4.3% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • Jun 28
TBEA Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 TBEA Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.93 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.93 in 1Q 2023). Revenue: CN¥23.6b (down 10% from 1Q 2023). Net income: CN¥1.99b (down 58% from 1Q 2023). Profit margin: 8.5% (down from 18% in 1Q 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. New Risk • Apr 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (11% net profit margin). Aankondiging • Apr 09
TBEA Co., Ltd., Annual General Meeting, May 07, 2024 TBEA Co., Ltd., Annual General Meeting, May 07, 2024, at 12:30 China Standard Time. Location: The Company's International Conference Center, Changji, Xinjiang China Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: CN¥2.39 (vs CN¥3.17 in FY 2022) Full year 2023 results: EPS: CN¥2.39 (down from CN¥3.17 in FY 2022). Revenue: CN¥98.2b (up 2.4% from FY 2022). Net income: CN¥10.7b (down 32% from FY 2022). Profit margin: 11% (down from 16% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 29
TBEA Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 TBEA Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Aankondiging • Dec 29
TBEA Co., Ltd. to Report Fiscal Year 2023 Results on Apr 09, 2024 TBEA Co., Ltd. announced that they will report fiscal year 2023 results on Apr 09, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.83 (vs CN¥0.80 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.83. Revenue: CN¥23.9b (down 7.5% from 3Q 2022). Net income: CN¥1.91b (down 54% from 3Q 2022). Profit margin: 8.0% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Aankondiging • Jun 28
TBEA Co., Ltd. to Report First Half, 2023 Results on Aug 16, 2023 TBEA Co., Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥1.20 (vs CN¥0.82 in 1Q 2022) First quarter 2023 results: EPS: CN¥1.20 (up from CN¥0.82 in 1Q 2022). Revenue: CN¥26.3b (up 53% from 1Q 2022). Net income: CN¥4.72b (up 51% from 1Q 2022). Profit margin: 18% (in line with 1Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 08
TBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 million TBEA Co., Ltd. (SHSE:600089) entered into an agreement to acquire Wuqi Huaguang New Energy Co., Ltd. from Shaanxi Tbea New Energy Co., Ltd. for CNY 34.79 million on January 6, 2023. Wuqi Huaguang recorded net losses after tax of CNY 58.27 million for the year ended March 31, 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Qing Xia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥1.05 (vs CN¥0.56 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.05 (up from CN¥0.56 in 3Q 2021). Revenue: CN¥25.9b (up 55% from 3Q 2021). Net income: CN¥4.15b (up 99% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥1.00 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.00 (up from CN¥0.27 in 2Q 2021). Revenue: CN¥21.7b (up 66% from 2Q 2021). Net income: CN¥3.78b (up 283% from 2Q 2021). Profit margin: 18% (up from 7.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 3.2% compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥30.72, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 374% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.90 per share. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥27.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 315% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.51 per share. Board Change • Apr 27
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. 10 experienced directors. 2 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Weihong Sun was the last independent director to join the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 13
Full year 2021 earnings released: EPS: CN¥1.88 (vs CN¥0.59 in FY 2020) Full year 2021 results: EPS: CN¥1.88 (up from CN¥0.59 in FY 2020). Revenue: CN¥61.4b (up 39% from FY 2020). Net income: CN¥7.25b (up 231% from FY 2020). Profit margin: 12% (up from 5.0% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 67% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.56 (vs CN¥0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥16.6b (up 45% from 3Q 2020). Net income: CN¥2.08b (up 228% from 3Q 2020). Profit margin: 13% (up from 5.5% 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 41% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥13.1b (up 30% from 2Q 2020). Net income: CN¥987.1m (up 94% from 2Q 2020). Profit margin: 7.5% (up from 5.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥18.94, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Electrical industry in China. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.57, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥12.48, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 100% over the past three years. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.57 (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¥9.45b (up 20% from 1Q 2020). Net income: CN¥2.12b (up 415% from 1Q 2020). Profit margin: 22% (up from 5.2% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 15
Full year 2020 earnings released: EPS CN¥0.59 (vs CN¥0.47 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥44.2b (up 19% from FY 2019). Net income: CN¥2.49b (up 43% from FY 2019). Profit margin: 5.6% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. 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 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥14.16, the stock is trading at a trailing P/E ratio of 32.2x, up from the previous P/E ratio of 27x. This compares to an average P/E of 33x in the Electrical industry in China. Total returns to shareholders over the past three years are 61%. Is New 90 Day High Low • Jan 14
New 90-day high: CN¥10.90 The company is up 18% from its price of CN¥9.21 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.49 per share. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.38, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.3x. This compares to an average P/E of 37x in the Electrical industry in China. Total returns to shareholders over the past three years are 2.6%. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥8.04 The company is down 5.0% from its price of CN¥8.47 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.27 per share. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.17 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: CN¥11.5b (up 37% from 3Q 2019). Net income: CN¥635.7m (up 2.6% from 3Q 2019). Profit margin: 5.5% (down from 7.4% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% 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. Is New 90 Day High Low • Oct 10
New 90-day high: CN¥9.26 The company is up 27% from its price of CN¥7.32 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.56 per share. 