Declared Dividend • 5h
Dividend reduced to CN¥0.19 Dividend of CN¥0.19 is 63% lower than last year. Ex-date: 17th June 2026 Payment date: 17th June 2026 Dividend yield will be 1.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 135% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.33 (vs CN¥0.45 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.33 (down from CN¥0.45 in 1Q 2025). Revenue: CN¥2.24b (up 18% from 1Q 2025). Net income: CN¥71.5m (down 25% from 1Q 2025). Profit margin: 3.2% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 28
Shanghai Baolong Automotive Corporation, Annual General Meeting, May 19, 2026 Shanghai Baolong Automotive Corporation, Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: No. 5500, Shenzhuan Highway, Songjiang District, Shanghai China Announcement • Mar 30
Shanghai Baolong Automotive Corporation to Report Q1, 2026 Results on Apr 28, 2026 Shanghai Baolong Automotive Corporation announced that they will report Q1, 2026 results on Apr 28, 2026 Price Target Changed • Feb 02
Price target decreased by 9.8% to CN¥40.38 Down from CN¥44.76, the current price target is an average from 4 analysts. New target price is 10.0% above last closing price of CN¥36.72. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of CN¥1.42 for next year compared to CN¥1.44 last year. Announcement • Dec 26
Shanghai Baolong Automotive Corporation to Report Fiscal Year 2025 Results on Apr 28, 2026 Shanghai Baolong Automotive Corporation announced that they will report fiscal year 2025 results on Apr 28, 2026 Price Target Changed • Nov 22
Price target decreased by 7.1% to CN¥44.76 Down from CN¥48.17, the current price target is an average from 5 analysts. New target price is 30% above last closing price of CN¥34.40. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.59 for next year compared to CN¥1.44 last year. New Risk • Nov 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.47 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.30 (down from CN¥0.47 in 3Q 2024). Revenue: CN¥2.10b (up 14% from 3Q 2024). Net income: CN¥63.3m (down 37% from 3Q 2024). Profit margin: 3.0% (down from 5.4% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shanghai Baolong Automotive Corporation to Report Q3, 2025 Results on Oct 30, 2025 Shanghai Baolong Automotive Corporation announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥2.26 to CN¥2.00. Revenue forecast unchanged from CN¥8.87b at last update. Net income forecast to grow 39% next year vs 39% growth forecast for Auto Components industry in China. Consensus price target of CN¥47.47 unchanged from last update. Share price fell 12% to CN¥37.60 over the past week. Announcement • Jun 30
Shanghai Baolong Automotive Corporation to Report First Half, 2025 Results on Aug 29, 2025 Shanghai Baolong Automotive Corporation announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 06
Dividend of CN¥0.51 announced Shareholders will receive a dividend of CN¥0.51. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 115% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 10
Shanghai Baolong Automotive Corporation (SHSE:603197) announces an Equity Buyback for CNY 200 million worth of its shares. Shanghai Baolong Automotive Corporation (SHSE:603197) 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 not more than CNY 59.00 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The authorization will be valid for a period of 12 months. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: CN¥0.45 (vs CN¥0.32 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.45 (up from CN¥0.32 in 1Q 2024). Revenue: CN¥1.90b (up 28% from 1Q 2024). Net income: CN¥95.2m (up 40% from 1Q 2024). Profit margin: 5.0% (up from 4.6% in 1Q 2024). 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 17% growth forecast for the Auto Components 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 only increased by 8% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 02
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥9.07b to CN¥8.64b. EPS estimate also fell from CN¥2.68 per share to CN¥2.34 per share. Net income forecast to grow 65% next year vs 39% growth forecast for Auto Components industry in China. Consensus price target down from CN¥51.84 to CN¥50.19. Share price was steady at CN¥37.41 over the past week. Announcement • Apr 30
Shanghai Baolong Automotive Corporation, Annual General Meeting, May 21, 2025 Shanghai Baolong Automotive Corporation, Annual General Meeting, May 21, 2025, at 14:00 China Standard Time. Location: No. 5500, Shenzhuan Highway, Songjiang District, Shanghai China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥34.96, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Auto Components industry in China. Total returns to shareholders of 5.3% over the past three years. New Risk • Apr 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Announcement • Mar 28
Shanghai Baolong Automotive Corporation to Report Q1, 2025 Results on Apr 30, 2025 Shanghai Baolong Automotive Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥41.73, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Auto Components industry in China. Total loss to shareholders of 19% over the past three years. Announcement • Dec 27
Shanghai Baolong Automotive Corporation to Report Fiscal Year 2024 Results on Apr 30, 2025 Shanghai Baolong Automotive Corporation announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Nov 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Price Target Changed • Nov 06
Price target increased by 13% to CN¥46.45 Up from CN¥41.09, the current price target is an average from 4 analysts. New target price is 17% above last closing price of CN¥39.80. Stock is down 35% over the past year. The company is forecast to post earnings per share of CN¥1.95 for next year compared to CN¥1.82 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.74 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.47 (down from CN¥0.74 in 3Q 2023). Revenue: CN¥1.84b (up 20% from 3Q 2023). Net income: CN¥100.3m (down 35% from 3Q 2023). Profit margin: 5.4% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai Baolong Automotive Corporation to Report Q3, 2024 Results on Oct 31, 2024 Shanghai Baolong Automotive Corporation announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥39.28, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Auto Components 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¥65.15 per share. Upcoming Dividend • Sep 17
Upcoming dividend of CN¥0.21 per share Eligible shareholders must have bought the stock before 24 September 2024. Payment date: 24 September 2024. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Chinese dividend payers (2.8%). In line with average of industry peers (2.0%). New Risk • Sep 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 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: Major Risk Debt is not well covered by operating cash flow (9.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.80b to CN¥7.51b. EPS estimate also fell from CN¥2.35 per share to CN¥2.10 per share. Net income forecast to grow 54% next year vs 37% growth forecast for Auto Components industry in China. Consensus price target down from CN¥60.09 to CN¥43.97. Share price rose 4.1% to CN¥29.80 over the past week. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥36.11, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 5.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥58.78 per share. Announcement • Jun 28
Shanghai Baolong Automotive Corporation to Report First Half, 2024 Results on Aug 30, 2024 Shanghai Baolong Automotive Corporation announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • May 13
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥39.95. The fair value is estimated to be CN¥53.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Price Target Changed • May 07
Price target decreased by 7.5% to CN¥60.09 Down from CN¥64.96, the current price target is an average from 3 analysts. New target price is 36% above last closing price of CN¥44.13. Stock is up 4.4% over the past year. The company is forecast to post earnings per share of CN¥2.36 for next year compared to CN¥1.82 last year. Major Estimate Revision • May 05
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.83b to CN¥7.75b. EPS estimate also fell from CN¥2.60 per share to CN¥2.32 per share. Net income forecast to grow 7.9% next year vs 32% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥65.57. Share price fell 5.1% to CN¥40.98 over the past week. Announcement • Apr 29
Shanghai Baolong Automotive Corporation, Annual General Meeting, May 17, 2024 Shanghai Baolong Automotive Corporation, Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: No. 5500, Shenzhuan Highway, Songjiang District, Shanghai China Announcement • Mar 29
Shanghai Baolong Automotive Corporation to Report Q1, 2024 Results on Apr 27, 2024 Shanghai Baolong Automotive Corporation announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥41.87, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.85 per share. Announcement • Dec 29
Shanghai Baolong Automotive Corporation to Report Fiscal Year 2023 Results on Apr 27, 2024 Shanghai Baolong Automotive Corporation announced that they will report fiscal year 2023 results on Apr 27, 2024 Price Target Changed • Nov 08
Price target increased by 8.2% to CN¥73.30 Up from CN¥67.72, the current price target is an average from 3 analysts. New target price is 20% above last closing price of CN¥61.15. Stock is up 26% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.04 last year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.74 (vs CN¥0.25 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.74 (up from CN¥0.25 in 3Q 2022). Revenue: CN¥1.54b (up 34% from 3Q 2022). Net income: CN¥154.8m (up 195% from 3Q 2022). Profit margin: 10% (up from 4.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components 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 increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.088 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.088 in 2Q 2022). Revenue: CN¥1.43b (up 30% from 2Q 2022). Net income: CN¥90.6m (up 405% from 2Q 2022). Profit margin: 6.3% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. 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 26% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 11
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 6.8% 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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Jun 28
Shanghai Baolong Automotive Corporation to Report First Half, 2023 Results on Aug 30, 2023 Shanghai Baolong Automotive Corporation announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥1.04 (down from CN¥1.40 in FY 2021). Revenue: CN¥4.78b (up 23% from FY 2021). Net income: CN¥214.1m (down 20% from FY 2021). Profit margin: 4.5% (down from 6.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥48.35, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 23x in the Auto Components industry in China. Total returns to shareholders of 62% over the past three years. Price Target Changed • Nov 16
Price target increased to CN¥56.30 Up from CN¥42.00, the current price target is an average from 2 analysts. New target price is 18% above last closing price of CN¥47.88. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥1.40 last year. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥47.93, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 68% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.50 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.25 (down from CN¥0.50 in 3Q 2021). Revenue: CN¥1.15b (up 23% from 3Q 2021). Net income: CN¥52.4m (down 48% from 3Q 2021). Profit margin: 4.5% (down from 11% in 3Q 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.088 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.088 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥1.10b (up 13% from 2Q 2021). Net income: CN¥18.0m (down 62% from 2Q 2021). Profit margin: 1.6% (down from 4.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 28%, compared to a 39% growth forecast for the Auto Components 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 increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥53.88, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the Auto Components industry in China. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.18 per share. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥60.44, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 228% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.22 per share. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥52.03, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.52 per share. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥42.68, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.24 per share. Reported Earnings • Apr 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.40 (up from CN¥1.12 in FY 2020). Revenue: CN¥3.90b (up 17% from FY 2020). Net income: CN¥268.4m (up 47% from FY 2020). Profit margin: 6.9% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 21%, compared to a 31% growth forecast for the industry in China. 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 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to CN¥50.97 Up from CN¥29.74, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥30.22. Stock is up 8.3% over the past year. The company is forecast to post earnings per share of CN¥1.43 for next year compared to CN¥1.12 last year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥43.57, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Auto Components industry in China. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥66.13, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 29x in the Auto Components industry in China. Total returns to shareholders of 237% over the past three years. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥43.96, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Auto Components industry in China. Total returns to shareholders of 139% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.50 (vs CN¥0.46 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥938.9m (up 1.1% from 3Q 2020). Net income: CN¥101.4m (up 34% from 3Q 2020). Profit margin: 11% (up from 8.1% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • Oct 06
Upcoming dividend of CN¥0.46 per share Eligible shareholders must have bought the stock before 13 October 2021. Payment date: 13 October 2021. Trailing yield: 3.4%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.17 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥968.6m (up 59% from 2Q 2020). Net income: CN¥47.7m (up 69% from 2Q 2020). Profit margin: 4.9% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. 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 19% per year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.46 (vs CN¥0.22 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥931.8m (up 21% from 1Q 2020). Net income: CN¥75.0m (up 105% from 1Q 2020). Profit margin: 8.1% (up from 4.8% 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 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥29.62, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Auto Components industry in China. Total returns to shareholders of 1.6% over the past three years. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥25.25 The company is down 18% from its price of CN¥30.70 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 Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.67 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥26.67 The company is down 6.0% from its price of CN¥28.31 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 Auto Components industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.68 per share. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥31.95 The company is up 1.0% from its price of CN¥31.65 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.34 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥191.8m, up 25% from the prior year. Total revenue was CN¥3.27b over the last 12 months, up 9.6% from the prior year. Announcement • Sep 02
Shanghai Baolong Automotive Corporation announced that it expects to receive CNY 918 million in funding Shanghai Baolong Automotive Corporation (SHSE:603197) announced that it has signed a share subscription contract for a private placement of not more than 49,823,384 shares for gross proceeds of not more than CNY 918,000,000 on August 28, 2020. The transaction will include participation from returning individual investors, Chen Hongling and Zhang Zuqiu for a total proceeds of CNY 80,000,000. The issue price of shares is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction has been approved in the 5th meeting of the company's 6th directorate and the 4th meeting of the 6th supervisory board, and is subject to the approvals of the shareholders meeting and the China Securities Regulatory Commission. Announcement • Jul 17
Shanghai Baolong Automotive Corporation to Report First Half, 2020 Results on Aug 29, 2020 Shanghai Baolong Automotive Corporation announced that they will report first half, 2020 results on Aug 29, 2020