Announcement • Jun 30
Ningbo Xusheng Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Ningbo Xusheng Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.79, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Auto Components industry in China. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.73 per share. Declared Dividend • Jun 15
Dividend reduced to CN¥0.16 Dividend of CN¥0.16 is 58% lower than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (460% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jun 04
Price target increased by 7.9% to CN¥15.87 Up from CN¥14.70, the current price target is an average from 6 analysts. New target price is 8.1% above last closing price of CN¥14.67. Stock is up 3.7% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.38 last year. Major Estimate Revision • May 19
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥5.14b to CN¥5.23b. EPS estimate increased from CN¥0.434 to CN¥0.477 per share. Net income forecast to grow 41% next year vs 39% growth forecast for Auto Components industry in China. Consensus price target up from CN¥14.70 to CN¥15.04. Share price rose 5.1% to CN¥17.29 over the past week. Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥5.84b to CN¥5.23b. EPS estimate fell from CN¥0.596 to CN¥0.42 per share. Net income forecast to grow 27% next year vs 38% growth forecast for Auto Components industry in China. Consensus price target down from CN¥15.18 to CN¥14.70. Share price fell 2.1% to CN¥15.13 over the past week. Reported Earnings • Apr 23
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.38 (down from CN¥0.45 in FY 2024). Revenue: CN¥4.45b (flat on FY 2024). Net income: CN¥365.1m (down 12% from FY 2024). Profit margin: 8.2% (down from 9.4% in FY 2024). Revenue missed analyst estimates by 4.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 19% 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 fallen by 32% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Ningbo Xusheng Group Co., Ltd., Annual General Meeting, May 13, 2026 Ningbo Xusheng Group Co., Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: 1F, No. 68, Yanshanhe South Road, Beilun District, Ningbo, Zhejiang China Announcement • Mar 30
Ningbo Xusheng Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ningbo Xusheng Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Mar 27
Guangzhou Industrial Control Automotive Parts Group Co., Ltd. completed the acquisition of 5% stake in Ningbo Xusheng Group Co., Ltd. (SHSE:603305) from Early Light Industrial Co.,Ltd. and Xu Xudong. Guangzhou Industrial Control Automotive Parts Group Co., Ltd. agreed to acquire 5% stake in Ningbo Xusheng Group Co., Ltd. (SHSE:603305) from Early Light Industrial Co.,Ltd. and Xu Xudong for approximately CNY 790 million on December 22, 2025. As part of acquisition, 57.8 million shares will be acquired. Consideration will be paid in 3 installments. CNY 317.67 million will be paid in first installment, CNY 397.09 million will be paid in second installment and remaining CNY 79.42 million will be paid on final installment. After completion of transaction, Guangzhou Industrial Control will hold 5% stake, Xu Xudong will hold 7.52% and Early Light Industrial will hold 14.09% stake.
The transaction is subject to approval of Guangzhou Municipal State-owned Assets Supervision and Administration Commission. As of February 7, 2026, the deal has been approved by the Guangzhou Municipal State-owned Assets Supervision and Administration Commission.
Guangzhou Industrial Control Automotive Parts Group Co., Ltd. completed the acquisition of 5% stake in Ningbo Xusheng Group Co., Ltd. (SHSE:603305) from Early Light Industrial Co.,Ltd. and Xu Xudong on March 25, 2026. Major Estimate Revision • Feb 28
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¥4.84b to CN¥4.65b. EPS estimate also fell from CN¥0.485 per share to CN¥0.421 per share. Net income forecast to grow 42% next year vs 39% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥15.47. Share price was steady at CN¥17.19 over the past week. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.90, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Auto Components industry in China. Total loss to shareholders of 36% over the past three years. New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 213% Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.18, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Auto Components industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Dec 26
Ningbo Xusheng Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Ningbo Xusheng Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Nov 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Cash payout ratio: 213% Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). Major Estimate Revision • Nov 11
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.532 to CN¥0.41 per share. Revenue forecast steady at CN¥5.11b. Net income forecast to grow 50% next year vs 42% growth forecast for Auto Components industry in China. Consensus price target of CN¥15.53 unchanged from last update. Share price was steady at CN¥14.46 over the past week. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.066 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.066 in 3Q 2024). Revenue: CN¥1.13b (flat on 3Q 2024). Net income: CN¥99.2m (up 70% from 3Q 2024). Profit margin: 8.8% (up from 5.2% in 3Q 2024). Revenue is forecast to grow 19% 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 fallen by 26% per year whereas the company’s share price has fallen by 22% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥14.78, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Auto Components industry in China. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.63 per share. Announcement • Sep 30
Ningbo Xusheng Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Ningbo Xusheng Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 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 22% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 297% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.1% net profit margin). New Risk • Sep 04
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 297% Dividend yield: 2.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 297% Minor Risk Profit margins are more than 30% lower than last year (8.1% net profit margin). Announcement • Jun 30
Ningbo Xusheng Group Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Ningbo Xusheng Group Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Price Target Changed • Jun 18
Price target decreased by 7.3% to CN¥14.76 Down from CN¥15.92, the current price target is an average from 6 analysts. New target price is 17% above last closing price of CN¥12.66. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.45 last year. Price Target Changed • Jun 05
Price target increased by 8.4% to CN¥15.92 Up from CN¥14.68, the current price target is an average from 6 analysts. New target price is 13% above last closing price of CN¥14.15. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.45 last year. New Risk • May 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Minor Risks Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.2% net profit margin). Major Estimate Revision • May 01
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥6.17b to CN¥5.57b. EPS estimate also fell from CN¥0.782 per share to CN¥0.621 per share. Net income forecast to grow 80% next year vs 39% growth forecast for Auto Components industry in China. Consensus price target broadly unchanged at CN¥14.60. Share price rose 2.9% to CN¥12.88 over the past week. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.17 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.17 in 1Q 2024). Revenue: CN¥1.05b (down 8.1% from 1Q 2024). Net income: CN¥95.6m (down 39% from 1Q 2024). Profit margin: 9.1% (down from 14% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% 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 fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Ningbo Xusheng Group Co., Ltd., Annual General Meeting, May 15, 2025 Ningbo Xusheng Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: 1F, No. 68, Yanshanhe South Road, Beilun District, Ningbo, Zhejiang China Price Target Changed • Apr 16
Price target increased by 7.2% to CN¥14.68 Up from CN¥13.70, the current price target is an average from 6 analysts. New target price is 23% above last closing price of CN¥11.89. Stock is down 8.2% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.77 last year. Announcement • Apr 10
Ningbo Xusheng Group Co., Ltd. (SHSE:603305) announces an Equity Buyback for CNY 150 million worth of its shares. Ningbo Xusheng Group Co., Ltd. (SHSE:603305) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its A shares. The shares will be repurchased at a price of CNY 19 per share. The purpose of the buyback is for the implementation of employee shareholding plan or as equity incentive. The repurchase will be funded through the company’s own funds. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥10.93, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Auto Components industry in China. Total loss to shareholders of 21% over the past three years. Announcement • Mar 28
Ningbo Xusheng Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Ningbo Xusheng Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.86, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Auto Components industry in China. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.49, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Auto Components industry in China. Total loss to shareholders of 38% over the past three years. Announcement • Dec 27
Ningbo Xusheng Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Ningbo Xusheng Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Dec 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 11% 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 Dividend is not well covered by cash flows (91% cash payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Auto Components industry in China. Total loss to shareholders of 36% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.066 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.066 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥1.13b (down 7.4% from 3Q 2023). Net income: CN¥58.2m (down 66% from 3Q 2023). Profit margin: 5.2% (down from 14% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% 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 10% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.76, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Auto Components industry in China. Total loss to shareholders of 51% over the past three years. Announcement • Sep 30
Ningbo Xusheng Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Ningbo Xusheng Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥10.96, 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 loss to shareholders of 34% over the past three years. Major Estimate Revision • Sep 05
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.80b to CN¥4.90b. EPS estimate fell from CN¥0.879 to CN¥0.616 per share. Net income forecast to grow 29% next year vs 34% growth forecast for Auto Components industry in China. Consensus price target down from CN¥17.96 to CN¥14.88. Share price was steady at CN¥9.23 over the past week. Price Target Changed • Sep 02
Price target decreased by 9.4% to CN¥16.27 Down from CN¥17.96, the current price target is an average from 7 analysts. New target price is 87% above last closing price of CN¥8.69. Stock is down 62% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.77 last year. Price Target Changed • Aug 30
Price target decreased by 9.0% to CN¥17.11 Down from CN¥18.81, the current price target is an average from 7 analysts. New target price is 91% above last closing price of CN¥8.98. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥0.60 for next year compared to CN¥0.77 last year. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.21 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.21 in 2Q 2023). Revenue: CN¥1.01b (down 15% from 2Q 2023). Net income: CN¥107.6m (down 47% from 2Q 2023). Profit margin: 11% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% 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 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Ningbo Xusheng Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Ningbo Xusheng Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Major Estimate Revision • May 02
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.76b to CN¥5.75b. EPS estimate fell from CN¥1.11 to CN¥0.843 per share. Net income forecast to grow 29% next year vs 33% growth forecast for Auto Components industry in China. Consensus price target down from CN¥24.59 to CN¥18.81. Share price rose 3.1% to CN¥13.75 over the past week. Price Target Changed • Apr 28
Price target decreased by 14% to CN¥22.35 Down from CN¥26.02, the current price target is an average from 7 analysts. New target price is 64% above last closing price of CN¥13.63. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.77 last year. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.21 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.21 in 1Q 2023). Revenue: CN¥1.14b (down 2.9% from 1Q 2023). Net income: CN¥157.2m (down 19% from 1Q 2023). Profit margin: 14% (down from 16% in 1Q 2023). Revenue is forecast to grow 23% 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 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Ningbo Xusheng Group Co., Ltd., Annual General Meeting, May 16, 2024 Ningbo Xusheng Group Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: 1F, No. 68, Yanshanhe South Road, Beilun District, Ningbo, Zhejiang China Announcement • Mar 30
Ningbo Xusheng Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ningbo Xusheng Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥13.66, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Auto Components industry in China. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Auto Components industry in China. Total loss to shareholders of 28% over the past three years. Announcement • Dec 29
Ningbo Xusheng Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Ningbo Xusheng Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥20.87, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Auto Components industry in China. Total returns to shareholders of 3.0% over the past three years. Price Target Changed • Oct 25
Price target decreased by 8.7% to CN¥29.17 Down from CN¥31.96, the current price target is an average from 6 analysts. New target price is 60% above last closing price of CN¥18.24. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.84 for next year compared to CN¥0.79 last year. Reported Earnings • Oct 24
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.24 in 3Q 2022). Revenue: CN¥1.21b (down 4.4% from 3Q 2022). Net income: CN¥171.0m (down 19% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 9.5%. Revenue is forecast to grow 33% 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 31% 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 • Oct 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥19.82, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Auto Components industry in China. Negligible returns to shareholders over past three years. Announcement • Sep 30
Ningbo Xusheng Group Co., Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Ningbo Xusheng Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.18 in 2Q 2022). Revenue: CN¥1.19b (up 19% from 2Q 2022). Net income: CN¥201.1m (up 30% from 2Q 2022). Profit margin: 17% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 27%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 33% 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 33% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jul 27
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 6.6% 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 (34% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Announcement • Jun 28
Ningbo Xusheng Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Ningbo Xusheng Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥28.17, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Auto Components industry in China. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.88 per share. Major Estimate Revision • May 08
Consensus EPS estimates increase by 16%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥6.77b to CN¥6.70b. EPS estimate rose from CN¥0.99 to CN¥1.15. Net income forecast to grow 39% next year vs 50% growth forecast for Auto Components industry in China. Consensus price target up from CN¥34.97 to CN¥37.15. Share price fell 2.4% to CN¥22.64 over the past week. Price Target Changed • May 03
Price target decreased by 7.7% to CN¥34.30 Down from CN¥37.17, the current price target is an average from 7 analysts. New target price is 48% above last closing price of CN¥23.20. Stock is up 66% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥0.79 last year. Reported Earnings • Mar 08
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥1.10 (up from CN¥0.66 in FY 2021). Revenue: CN¥4.45b (up 47% from FY 2021). Net income: CN¥701.3m (up 70% from FY 2021). Profit margin: 16% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Revenue is forecast to grow 33% p.a. on average during the next 2 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 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥37.65, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Auto Components industry in China. Negligible returns to shareholders over past three years. Price Target Changed • Nov 16
Price target increased to CN¥52.32 Up from CN¥44.50, the current price target is an average from 5 analysts. New target price is 38% above last closing price of CN¥38.03. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.06 for next year compared to CN¥0.66 last 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. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥43.67, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 84% over the past three years. Price Target Changed • Oct 31
Price target increased to CN¥53.15 Up from CN¥44.50, the current price target is an average from 4 analysts. New target price is 54% above last closing price of CN¥34.52. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.66 last year. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥1.00b (up 42% from 2Q 2021). Net income: CN¥154.8m (up 28% from 2Q 2021). Profit margin: 16% (down from 17% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 35%, compared to a 36% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥37.80, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 30x in the Auto Components industry in China. Total returns to shareholders of 129% over the past three years. Price Target Changed • Aug 05
Price target increased to CN¥35.76 Up from CN¥31.54, the current price target is an average from 5 analysts. New target price is 14% below last closing price of CN¥41.65. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.66 last year. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥38.30, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 28x in the Auto Components industry in China. Total returns to shareholders of 123% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥28.52, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 64% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥991.8m (up 96% from 1Q 2021). Net income: CN¥119.9m (up 34% from 1Q 2021). Profit margin: 12% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 36%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 29
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥3.83b to CN¥4.40b. EPS estimate fell from CN¥1.42 to CN¥1.22. Net income forecast to grow 40% next year vs 50% growth forecast for Auto Components industry in China. Consensus price target down from CN¥52.40 to CN¥44.15. Share price fell 12% to CN¥31.22 over the past week. Price Target Changed • Mar 24
Price target decreased to CN¥44.15 Down from CN¥52.40, the current price target is an average from 5 analysts. New target price is 32% above last closing price of CN¥33.35. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of CN¥1.32 for next year compared to CN¥0.92 last year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥45.75, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 35% 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 17% share price gain to CN¥53.10, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 29x in the Auto Components industry in China. Total returns to shareholders of 80% over the past three years. Price Target Changed • Aug 07
Price target increased to CN¥47.26 Up from CN¥41.67, the current price target is an average from 6 analysts. New target price is 14% above last closing price of CN¥41.49. Stock is down 6.7% over the past year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥41.85, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 45% over the past three years. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.21 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥706.3m (up 88% from 2Q 2020). Net income: CN¥121.2m (up 35% from 2Q 2020). Profit margin: 17% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 5% per year. 
