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 13
Dividend of CN¥0.16 announced Shareholders will receive a dividend of CN¥0.16. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 1.2%, 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. 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. 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 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 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 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 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. 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 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 Reported Earnings • Oct 30
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 19% 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 28
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥12.42, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Auto Components industry in China. Total loss to shareholders of 43% over the past three years. 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. 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 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 19% 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 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. New Risk • Mar 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. 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. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.24 in 3Q 2022) 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 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 released: EPS: CN¥0.21 (vs CN¥0.18 in 2Q 2022) 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 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 6.5% 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 (6.5% 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¥41.00 per share. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: CN¥1.10 (vs CN¥0.66 in FY 2021) 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 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. 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. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.19 in 3Q 2021). Revenue: CN¥1.27b (up 59% from 3Q 2021). Net income: CN¥210.5m (up 74% from 3Q 2021). Profit margin: 17% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% 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 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥40.73, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 114% over the past three years. Reported Earnings • Aug 27
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 36%, compared to a 38% 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 18
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥45.99, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 31x in the Auto Components industry in China. Total returns to shareholders of 176% over the past three years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥37.92, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 28x in the Auto Components industry in China. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
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 29
First quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 1Q 2021) 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. 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. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥36.59, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Auto Components industry in China. Total loss to shareholders of 2.7% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥53.10, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Auto Components industry in China. Total returns to shareholders of 78% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.21 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥800.6m (up 82% from 3Q 2020). Net income: CN¥120.9m (up 34% from 3Q 2020). Profit margin: 15% (down from 21% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥41.50, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 21x in the Auto Components industry in China. Total returns to shareholders of 44% 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 but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.13 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥505.1m (up 75% from 1Q 2020). Net income: CN¥89.7m (up 77% from 1Q 2020). Profit margin: 18% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 23
Full year 2020 earnings released: EPS CN¥0.77 (vs CN¥0.52 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.63b (up 48% from FY 2019). Net income: CN¥332.8m (up 61% from FY 2019). Profit margin: 20% (up from 19% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥35.56, the stock is trading at a trailing P/E ratio of 48.6x, up from the previous P/E ratio of 42x. This compares to an average P/E of 37x in the Auto Components industry in China. Total return to shareholders over the past three years is a loss of 1.7%. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥30.97 The company is down 15% from its price of CN¥36.50 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.34 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥33.35 The company is down 9.0% from its price of CN¥36.58 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥301.5m, up 51% from the prior year. Total revenue was CN¥1.43b over the last 12 months, up 36% from the prior year.