Reported Earnings • Apr 30
Full year 2025 earnings released: CN¥0.045 loss per share (vs CN¥0.54 loss in FY 2024) Full year 2025 results: CN¥0.045 loss per share (improved from CN¥0.54 loss in FY 2024). Revenue: CN¥9.82b (down 41% from FY 2024). Net loss: CN¥311.0m (loss narrowed 92% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 30
China First Heavy Industries to Report Q1, 2026 Results on Apr 30, 2026 China First Heavy Industries announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 09
New major risk - Revenue and earnings growth Earnings have declined by 72% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 72% per year over the past 5 years. Announcement • Dec 26
China First Heavy Industries to Report Fiscal Year 2025 Results on Apr 30, 2026 China First Heavy Industries announced that they will report fiscal year 2025 results on Apr 30, 2026 New Risk • Dec 12
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 7.1% 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. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: CN¥0.004 (vs CN¥0.001 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.004 (up from CN¥0.001 loss in 3Q 2024). Revenue: CN¥1.85b (down 62% from 3Q 2024). Net income: CN¥27.0m (up CN¥36.9m from 3Q 2024). Profit margin: 1.5% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
China First Heavy Industries to Report Q3, 2025 Results on Oct 31, 2025 China First Heavy Industries announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
China First Heavy Industries to Report First Half, 2025 Results on Aug 30, 2025 China First Heavy Industries announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 06
China First Heavy Industries, Annual General Meeting, Jun 30, 2025 China First Heavy Industries, Annual General Meeting, Jun 30, 2025, at 15:00 China Standard Time. Location: The Company's Headquarters, Qiqihar, Heilongjiang China Board Change • May 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. 7 experienced directors. 1 highly experienced director. Chairman Wenjun Lu was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 30
Full year 2024 earnings released: CN¥0.55 loss per share (vs CN¥0.40 loss in FY 2023) Full year 2024 results: CN¥0.55 loss per share (further deteriorated from CN¥0.40 loss in FY 2023). Revenue: CN¥16.6b (down 3.2% from FY 2023). Net loss: CN¥3.74b (loss widened 38% from FY 2023). Revenue is forecast to grow 10% 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, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 3.1% to CN¥2.82. The fair value is estimated to be CN¥2.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 28
China First Heavy Industries to Report Q1, 2025 Results on Apr 30, 2025 China First Heavy Industries announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Mar 14
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to CN¥2.77. The fair value is estimated to be CN¥2.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to CN¥2.78. The fair value is estimated to be CN¥2.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 27
China First Heavy Industries to Report Fiscal Year 2024 Results on Apr 30, 2025 China First Heavy Industries announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Dec 06
New major risk - Revenue and earnings growth Earnings have declined by 82% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Nov 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to CN¥3.10. The fair value is estimated to be CN¥2.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.001 loss per share (vs CN¥0 in 3Q 2023) Third quarter 2024 results: CN¥0.001 loss per share (further deteriorated from CN¥0 in 3Q 2023). Revenue: CN¥4.90b (down 11% from 3Q 2023). Net loss: CN¥9.87m (down CN¥10.2m from profit in 3Q 2023). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Sep 30
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥2.85. The fair value is estimated to be CN¥2.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company became loss making. Announcement • Sep 30
China First Heavy Industries to Report Q3, 2024 Results on Oct 31, 2024 China First Heavy Industries announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Sep 04
Second quarter 2024 earnings released: CN¥0.006 loss per share (vs CN¥0.002 profit in 2Q 2023) Second quarter 2024 results: CN¥0.006 loss per share (down from CN¥0.002 profit in 2Q 2023). Revenue: CN¥5.13b (up 4.1% from 2Q 2023). Net loss: CN¥44.0m (down 418% from profit in 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
China First Heavy Industries to Report First Half, 2024 Results on Aug 30, 2024 China First Heavy Industries announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 08
China First Heavy Industries, Annual General Meeting, Jun 27, 2024 China First Heavy Industries, Annual General Meeting, Jun 27, 2024, at 15:00 China Standard Time. Location: The Company's Headquarters, Qiqihar, Heilongjiang China Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.019 loss per share (vs CN¥0.005 profit in 1Q 2023) First quarter 2024 results: CN¥0.019 loss per share (down from CN¥0.005 profit in 1Q 2023). Revenue: CN¥3.58b (down 20% from 1Q 2023). Net loss: CN¥129.1m (down 446% from profit in 1Q 2023). Revenue is forecast to grow 25% 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, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
China First Heavy Industries to Report Q1, 2024 Results on Apr 30, 2024 China First Heavy Industries announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
China First Heavy Industries to Report Fiscal Year 2023 Results on Apr 30, 2024 China First Heavy Industries announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0 (vs CN¥0.001 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0 (down from CN¥0.001 in 3Q 2022). Revenue: CN¥5.51b (down 24% from 3Q 2022). Net income: CN¥283.7k (down 96% from 3Q 2022). Profit margin: 0% (down from 0.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
China First Heavy Industries to Report Q3, 2023 Results on Oct 31, 2023 China First Heavy Industries announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.004 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.002 (down from CN¥0.004 in 2Q 2022). Revenue: CN¥4.92b (down 33% from 2Q 2022). Net income: CN¥13.9m (down 44% from 2Q 2022). Profit margin: 0.3% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jun 28
China First Heavy Industries to Report First Half, 2023 Results on Aug 30, 2023 China First Heavy Industries announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.006 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.005 (down from CN¥0.006 in 1Q 2022). Revenue: CN¥4.50b (up 6.5% from 1Q 2022). Net income: CN¥37.3m (down 3.6% from 1Q 2022). Profit margin: 0.8% (down from 0.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. 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. 12 experienced directors. No highly experienced directors. Director Qingshan Zhu was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.001 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.001 (in line with 3Q 2021). Revenue: CN¥7.22b (up 13% from 3Q 2021). Net income: CN¥6.35m (down 32% from 3Q 2021). Profit margin: 0.1% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.003 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.004 (up from CN¥0.003 in 2Q 2021). Revenue: CN¥7.38b (up 7.9% from 2Q 2021). Net income: CN¥24.7m (up 22% from 2Q 2021). Profit margin: 0.3% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.006 (vs CN¥0.006 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.006 (vs CN¥0.006 in 1Q 2021). Revenue: CN¥4.22b (up 16% from 1Q 2021). Net income: CN¥38.7m (up 3.3% from 1Q 2021). Profit margin: 0.9% (down from 1.0% in 1Q 2021). 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 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 10 experienced directors. 2 highly experienced directors. CFO, Deputy GM & Director Qingshan Zhu was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.001 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥6.37b (up 35% from 3Q 2020). Net income: CN¥9.37m (up 158% from 3Q 2020). Profit margin: 0.1% (in line with 3Q 2020). 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 8% per year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.003 (vs CN¥0.003 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥6.84b (up 26% from 2Q 2020). Net income: CN¥20.3m (up 11% from 2Q 2020). Profit margin: 0.3% (in line with 2Q 2020). 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 6% per year. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.019 (vs CN¥0.019 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥19.9b (up 51% from FY 2019). Net income: CN¥130.5m (up 1.3% from FY 2019). Profit margin: 0.7% (down from 1.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥2.76 The company is down 4.0% from its price of CN¥2.88 on 03 November 2020. The Chinese market is up 7.0% 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. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥132.8m, up 70% from the prior year. Total revenue was CN¥17.8b over the last 12 months, up 43% from the prior year. Announcement • Oct 30
China First Heavy Industries to Report Q3, 2020 Results on Oct 31, 2020 China First Heavy Industries announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 22
New 90-day low: CN¥2.92 The company is down 11% from its price of CN¥3.28 on 24 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. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥2.93 The company is down 2.0% from its price of CN¥3.00 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Announcement • Jul 10
China First Heavy Industries to Report First Half, 2020 Results on Aug 28, 2020 China First Heavy Industries announced that they will report first half, 2020 results on Aug 28, 2020