Board Change • May 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. Supervisor Xu Sheng Yang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Feb 06
Lingda Group Co., Ltd. Approves Board Elections Lingda Group Co., Ltd. at its Extraordinary General Meeting of 2026 held on 04 February 2026 approved the election of Peng Qian, Ming Xing, Chen Zhiguo and Ren Guangpeng as non-independent director. The company approved the election of Zhang Dunli, Li Kewu and Liu Liangzhi as independent director. Aankondiging • Dec 31
Lingda Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Lingda Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Aankondiging • Sep 30
Lingda Group Co., Ltd. to Report Q3, 2025 Results on Oct 17, 2025 Lingda Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 17, 2025 Aankondiging • Jul 02
Lingda Group Co., Ltd. to Report First Half, 2025 Results on Jul 22, 2025 Lingda Group Co., Ltd. announced that they will report first half, 2025 results on Jul 22, 2025 Aankondiging • Apr 24
Lingda Group Co., Ltd., Annual General Meeting, May 15, 2025 Lingda Group Co., Ltd., Annual General Meeting, May 15, 2025, at 15:00 China Standard Time. Location: No. 1, Bijiashan Road, Jinzhai Economic Development Zone, Lu'an, Anhui China Aankondiging • Mar 31
Lingda Group Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Lingda Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Aankondiging • Dec 31
Lingda Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Lingda Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 New Risk • Oct 24
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CN¥158m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-CN¥158m). Earnings have declined by 69% per year over the past 5 years. Reported Earnings • Oct 24
Third quarter 2024 earnings released: CN¥1.50 loss per share (vs CN¥0.044 profit in 3Q 2023) Third quarter 2024 results: CN¥1.50 loss per share (down from CN¥0.044 profit in 3Q 2023). Revenue: CN¥13.8m (down 95% from 3Q 2023). Net loss: CN¥401.7m (down CN¥413.4m from profit in 3Q 2023). Aankondiging • Sep 30
Lingda Group Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Lingda Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.47 loss per share (vs CN¥0.013 profit in 2Q 2023) Second quarter 2024 results: CN¥0.47 loss per share (down from CN¥0.013 profit in 2Q 2023). Revenue: CN¥6.36m (down 98% from 2Q 2023). Net loss: CN¥125.0m (down CN¥128.5m from profit in 2Q 2023). Aankondiging • Jun 29
Lingda Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Lingda Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥4.34, the stock trades at a trailing P/E ratio of 45x. Average trailing P/E is 52x in the Semiconductor industry in China. Total loss to shareholders of 73% over the past year. Aankondiging • Apr 29
Lingda Group Co., Ltd., Annual General Meeting, May 17, 2024 Lingda Group Co., Ltd., Annual General Meeting, May 17, 2024, at 15:00 China Standard Time. Location: No. 1, Bijiashan Road, Jinzhai Economic Development Zone, Lu'an, Anhui China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.76, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 22x in the Building industry in China. Total loss to shareholders of 66% over the past year. Aankondiging • Mar 30
Lingda Group Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Lingda Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Aankondiging • Mar 11
Lingda Group Co., Ltd. (SZSE:300125) agreed to acquire additional 7% stake in Hainan Yaxi Investment Co., Ltd. from Yangpu Jiarun Industrial Co., Ltd. Lingda Group Co., Ltd. (SZSE:300125) agreed to acquire additional 7% stake in Hainan Yaxi Investment Co., Ltd. from Yangpu Jiarun Industrial Co., Ltd. on March 8, 2024. The board of Lingda approved the transaction. Hainan Yaxi reported total assets of CNY 85.01 million and net assets of CNY 68.18 million September 30, 2023. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥7.67, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 21x in the Building industry in China. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥8.02, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 19x in the Building industry in China. New Risk • Jan 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Aankondiging • Dec 30
Lingda Group Co., Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024 Lingda Group Co., Ltd. announced that they will report fiscal year 2023 results on Mar 26, 2024 New Risk • Nov 26
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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). New Risk • Nov 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.044 (vs CN¥0.03 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.044 (up from CN¥0.03 in 3Q 2022). Revenue: CN¥270.1m (down 28% from 3Q 2022). Net income: CN¥11.6m (up 45% from 3Q 2022). Profit margin: 4.3% (up from 2.1% in 3Q 2022). The increase in margin was driven by lower expenses. New Risk • Sep 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.013 (vs CN¥0.056 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.013 (up from CN¥0.056 loss in 2Q 2022). Revenue: CN¥280.3m (down 32% from 2Q 2022). Net income: CN¥3.51m (up CN¥18.3m from 2Q 2022). Profit margin: 1.3% (up from net loss in 2Q 2022). The move to profitability was driven by lower expenses. Aankondiging • May 24
Lingda Group Co., Ltd. Approves Election of Board Lingda Group Co., Ltd. announced that at its EGM held on May 22, 2023, shareholders approved the election of Wang Mingsheng, Lin Zhihuang, Bai Jianghong, Chen Gengsheng, Lei Qing and Gao Xiang as non-independent directors. The shareholders also approved election of Lin Shanlang, Liu Liming and He Shaoping as independent directors. Buying Opportunity • May 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥19.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Apr 25
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥19.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 74% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 21
Full year 2022 earnings released: CN¥0.06 loss per share (vs CN¥0.27 loss in FY 2021) Full year 2022 results: CN¥0.06 loss per share (improved from CN¥0.27 loss in FY 2021). Revenue: CN¥1.60b (up 52% from FY 2021). Net loss: CN¥16.9m (loss narrowed 77% from FY 2021). Board Change • Mar 14
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Supervisor Ke Hu is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
