New Risk • Apr 12
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. This is currently the only risk that has been identified for the company. Announcement • Mar 30
North Navigation Control Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 North Navigation Control Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.08 (up from CN¥0.04 in FY 2024). Revenue: CN¥4.19b (up 53% from FY 2024). Net income: CN¥120.6m (up 104% from FY 2024). Profit margin: 2.9% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 28
North Navigation Control Technology Co.,Ltd., Annual General Meeting, Apr 21, 2026 North Navigation Control Technology Co.,Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: No. 2, Kechuang 15th Street, Economic and Technological Development Zone, Beijing China New Risk • Feb 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 26
North Navigation Control Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 North Navigation Control Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.005 (up from CN¥0 in 3Q 2024). Revenue: CN¥765.5m (up 52% from 3Q 2024). Net income: CN¥8.30m (up CN¥7.83m from 3Q 2024). Profit margin: 1.1% (up from 0.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Sep 30
North Navigation Control Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 24, 2025 North Navigation Control Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Jul 24
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 6.7% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
North Navigation Control Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 North Navigation Control Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Declared Dividend • Jun 13
Dividend reduced to CN¥0.02 Dividend of CN¥0.02 is 50% lower than last year. Ex-date: 17th June 2025 Payment date: 17th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 2.0%. Reported Earnings • Apr 25
First quarter 2025 earnings released: CN¥0.011 loss per share (vs CN¥0.033 loss in 1Q 2024) First quarter 2025 results: CN¥0.011 loss per share (improved from CN¥0.033 loss in 1Q 2024). Revenue: CN¥351.7m (up 348% from 1Q 2024). Net loss: CN¥16.8m (loss narrowed 66% from 1Q 2024). Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Apr 25
North Navigation Control Technology Co.,Ltd., Annual General Meeting, May 22, 2025 North Navigation Control Technology Co.,Ltd., Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: No. 2, Kechuang 15th Street, Economic and Technological Development Zone, Beijing China Announcement • Mar 28
North Navigation Control Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 North Navigation Control Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 27
North Navigation Control Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 North Navigation Control Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0 (vs CN¥0.025 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0 (down from CN¥0.025 in 3Q 2023). Revenue: CN¥503.2m (down 26% from 3Q 2023). Net income: CN¥465.9k (down 99% from 3Q 2023). Profit margin: 0.1% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
North Navigation Control Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 North Navigation Control Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Major Estimate Revision • Aug 29
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.43b to CN¥4.12b. EPS estimate also fell from CN¥0.178 per share to CN¥0.148 per share. Net income forecast to grow 110% next year vs 43% growth forecast for Machinery industry in China. Consensus price target of CN¥10.00 unchanged from last update. Share price rose 7.5% to CN¥8.89 over the past week. Announcement • Jun 28
North Navigation Control Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 North Navigation Control Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Declared Dividend • Jun 27
Dividend of CN¥0.04 announced Shareholders will receive a dividend of CN¥0.04. Ex-date: 28th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (50% 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 by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 158% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.033 loss per share (vs CN¥0.016 profit in 1Q 2023) First quarter 2024 results: CN¥0.033 loss per share (down from CN¥0.016 profit in 1Q 2023). Revenue: CN¥78.6m (down 87% from 1Q 2023). Net loss: CN¥49.8m (down 303% from profit in 1Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery 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 • Apr 19
North Navigation Control Technology Co.,Ltd., Annual General Meeting, May 09, 2024 North Navigation Control Technology Co.,Ltd., Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.13 (up from CN¥0.12 in FY 2022). Revenue: CN¥3.56b (down 7.2% from FY 2022). Net income: CN¥192.2m (up 3.9% from FY 2022). Profit margin: 5.4% (up from 4.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
North Navigation Control Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 North Navigation Control Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥7.32, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 3.6% over the past three years. Announcement • Dec 29
North Navigation Control Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 North Navigation Control Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.025 (vs CN¥0.022 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.025 (up from CN¥0.022 in 3Q 2022). Revenue: CN¥676.1m (down 43% from 3Q 2022). Net income: CN¥37.9m (up 1.6% from 3Q 2022). Profit margin: 5.6% (up from 3.1% in 3Q 2022). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
North Navigation Control Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 North Navigation Control Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.082 (vs CN¥0.057 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.082 (up from CN¥0.057 in 2Q 2022). Revenue: CN¥1.14b (up 6.2% from 2Q 2022). Net income: CN¥122.4m (up 50% from 2Q 2022). Profit margin: 11% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.024 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.024 in 1Q 2022). Revenue: CN¥584.1m (up 1.5% from 1Q 2022). Net income: CN¥24.6m (down 31% from 1Q 2022). Profit margin: 4.2% (down from 6.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Jan 01
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. 9 experienced directors. No highly experienced directors. Secretary & Non-Independent Director Zhao Han was the last director to join the board, commencing their role in 2019. 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 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.67, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.002 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.022 (up from CN¥0.002 in 3Q 2021). Revenue: CN¥1.19b (up 41% from 3Q 2021). Net income: CN¥37.3m (up CN¥34.1m from 3Q 2021). Profit margin: 3.1% (up from 0.4% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.057 (vs CN¥0.064 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.057. Revenue: CN¥1.07b (down 2.3% from 2Q 2021). Net income: CN¥81.8m (up 1.1% from 2Q 2021). Profit margin: 7.6% (up from 7.4% in 2Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.024 (vs CN¥0.001 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.024 (up from CN¥0.001 in 1Q 2021). Revenue: CN¥575.4m (up 32% from 1Q 2021). Net income: CN¥35.3m (up CN¥34.0m from 1Q 2021). Profit margin: 6.1% (up from 0.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.015 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥848.8m (up 35% from 3Q 2020). Net income: CN¥3.20m (down 86% from 3Q 2020). Profit margin: 0.4% (down from 3.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.064 (vs CN¥0.001 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.10b (up 114% from 2Q 2020). Net income: CN¥81.0m (up CN¥82.0m from 2Q 2020). Profit margin: 7.4% (up from net loss in 2Q 2020). 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.01 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥437.6m (up 130% from 1Q 2020). Net income: CN¥1.29m (up CN¥16.8m from 1Q 2020). Profit margin: 0.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS CN¥0.04 (vs CN¥0.03 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.01b (up 31% from FY 2019). Net income: CN¥62.5m (up 40% from FY 2019). Profit margin: 2.1% (up from 1.9% 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 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥7.79 The company is down 9.0% from its price of CN¥8.52 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Announcement • Jan 21
North Navigation Control Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 18, 2021 North Navigation Control Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 18, 2021 Is New 90 Day High Low • Jan 05
New 90-day high: CN¥9.64 The company is up 7.0% from its price of CN¥9.01 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥8.61 The company is down 3.0% from its price of CN¥8.86 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥46.0m, down 7.2% from the prior year. Total revenue was CN¥2.71b over the last 12 months, up 24% from the prior year. Announcement • Oct 19
North Navigation Control Technology Co., Ltd. to Report Q3, 2020 Results on Oct 22, 2020 North Navigation Control Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 22, 2020 Announcement • Jun 20
North Industries Group Investment Management Company Ltd. completed the acquisition of an additional 8% stake in North Navigation Control Technology Co., Ltd. (SHSE:600435) from Beijing North China Optical Instrument Co., Ltd. North Industries Group Investment Management Company Ltd. agreed to acquire an additional 8% stake in North Navigation Control Technology Co., Ltd. (SHSE:600435) from Beijing North China Optical Instrument Co., Ltd. for free on May 8, 2020. Post-completion, North Industries Group Investment Management Company Ltd. will hold 321.89 million shares representing 21.61% stake in North Navigation Control Technology Co., Ltd. The transaction was approved in the board of directors meeting of China North Industries Group Corporation, parent of North Industries Group Investment Management Company Ltd.
North Industries Group Investment Management Company Ltd. completed the acquisition of an additional 8% stake in North Navigation Control Technology Co., Ltd. (SHSE:600435) from Beijing North China Optical Instrument Co., Ltd. on June 18, 2020.