Reported Earnings • May 05
First quarter 2026 earnings released First quarter 2026 results: Revenue: CN¥9.54b (down 2.2% from 1Q 2025). Net income: CN¥892.1m (down 18% from 1Q 2025). Profit margin: 9.4% (down from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
ZCZL Industrial Technology Group Company Limited, Annual General Meeting, May 26, 2026 ZCZL Industrial Technology Group Company Limited, Annual General Meeting, May 26, 2026, at 14:00 China Standard Time. Location: The Company's Conference Center, Zhengzhou, Henan China Announcement • Apr 02
ZCZL Industrial Technology Group Company Limited Proposes the Payment of Final Dividend for the Year Ended 31 December 2025, Payable on or Before 15 July 2026 A relevant resolution was passed at a meeting of the Board held on 30 March 2026, and the Board proposed the payment of a final dividend (the "Dividend") of RMB 12.50 (tax inclusive) per 10 shares for the year ended 31 December 2025. Based on ZCZL Industrial Technology Group Company Limited's total share capital of 1,785,399,930 shares as at 30 March 2026, the total proposed dividend is RMB 2,231,749,912.50. The Dividend is expected to be paid on or before 15 July 2026. The proposal in relation to profit distribution is subject to approval at the 2025 annual general meeting. The convening time of the 2025 annual general meeting and the relevant arrangements will be announced by the Company in due course. Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥2.45 (up from CN¥2.21 in FY 2024). Revenue: CN¥41.4b (up 12% from FY 2024). Net income: CN¥4.29b (up 9.1% from FY 2024). Profit margin: 10% (in line with FY 2024). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
ZCZL Industrial Technology Group Company Limited to Report Q1, 2026 Results on Apr 30, 2026 ZCZL Industrial Technology Group Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Recent Insider Transactions • Jan 27
Executive Chairman recently sold CN¥16m worth of stock On the 20th of January, Chengyao Jiao sold around 620k shares on-market at roughly CN¥25.07 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Chengyao's only on-market trade for the last 12 months. Announcement • Dec 26
ZCZL Industrial Technology Group Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 ZCZL Industrial Technology Group Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.65 (vs CN¥0.50 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.65 (up from CN¥0.50 in 3Q 2024). Revenue: CN¥10.8b (up 21% from 3Q 2024). Net income: CN¥1.13b (up 26% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 5.3% 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 increased by 21% per year whereas the company’s share price has increased by 24% per year. Announcement • Sep 30
ZMJ Group Company Limited to Report Q3, 2025 Results on Oct 28, 2025 ZMJ Group Company Limited announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥27.69, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Machinery industry in China. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.40 per share. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.71, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 27x in the Machinery industry in China. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.67 per share. Announcement • Jun 30
Zhengzhou Coal Mining Machinery Group Company Limited to Report First Half, 2025 Results on Aug 29, 2025 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 05
Zhengzhou Coal Mining Machinery Group Company Limited Approves Final Dividend for the Year Ended 31 December 2024, Payable on 18 July 2025 Zhengzhou Coal Mining Machinery Group Company Limited at its annual general meeting held on 5 June 2025, The Company will distribute a final dividend of RMB 11.20 (tax inclusive) per 10 Shares for the year ended 31 December 2024 (the ‘Final Dividend’). The Final Dividend is payable to Shareholders whose names appear on the register of members of the Company after the close of the market on 2 July 2025 (the ‘Record Date’). In accordance with the Articles of Association, dividends shall be calculated and declared in Renminbi. Dividends payable to holders of A Shares shall be paid in Renminbi and dividends payable to holders of H Shares shall be paid in Hong Kong dollars. The actual amount of H Share dividends paid in Hong Kong dollars is calculated according to the average central parity rate of Renminbi against Hong Kong dollars as published by the People's Bank of China for the five business days preceding the date of the AGM (i.e. 28 May 2025 to 4 June 2025) (RMB 0.91675 against HKD 1), being a cash dividend of HKD 12.21707 per ten Shares (tax inclusive). The Company has appointed Bank of China (Hong Kong) Limited as the receiving agent (the ‘Receiving Agent’), which will receive the Final Dividend from the Company on behalf of the holders of H Shares. The Final Dividend will be paid by the Receiving Agent and the dividend warrants will be posted by the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited, by ordinary mail to the registered shareholders of H Shares who are entitled to receive the Final Dividend at their own risk on or around 18 July 2025. Announcement • May 07
Zhengzhou Coal Mining Machinery Group Company Limited, Annual General Meeting, Jun 05, 2025 Zhengzhou Coal Mining Machinery Group Company Limited, Annual General Meeting, Jun 05, 2025, at 14:00 China Standard Time. Location: convention centre, zhengzhou coal mining machinery group, company limited, no. 167, 9th street, zhengzhou section (econ-tech development zone), of china (he`nan) pilot free trade zone, China Buy Or Sell Opportunity • May 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to CN¥15.37. The fair value is estimated to be CN¥12.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 9.1% in the next year. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: CN¥0.61 (vs CN¥0.59 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.61 (up from CN¥0.59 in 1Q 2024). Revenue: CN¥9.76b (up 1.0% from 1Q 2024). Net income: CN¥1.09b (up 4.5% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). 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, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥2.21 (up from CN¥1.86 in FY 2023). Revenue: CN¥37.1b (up 1.8% from FY 2023). Net income: CN¥3.93b (up 20% from FY 2023). Profit margin: 11% (up from 9.0% in FY 2023). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 10% 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, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q1, 2025 Results on Apr 29, 2025 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Mar 13
Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) announces an Equity Buyback for CNY 600 million worth of its shares. Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its shares. The shares will be repurchased at no more than CNY 17 per share. The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. If the company fails to use up all the repurchased shares within 3 years after the announcement of the results of the share repurchase and the share change, the company will cancel the repurchased shares. The program will be funded from Company’s own funds and self-raised funds. The program will be valid till September 11, 2025. Announcement • Jan 09
Zhengzhou Coal Mining Machinery Group Company Limited Announces Resignation of Directors The board of directors of Zhengzhou Coal Mining Machinery Group Company Limited announced that on 9 January 2025, the Board received the resignation reports tendered by Mr. FU Zugang, an executive director, and Mr. YUE Taiyu, a non-executive director of the Company. Mr. FU Zugang resigned as an executive director of the sixth session of the Board of the Company and as a member of the Strategy and Sustainable Development Committee of the Board due to re-designation of work but will continue to hold other positions in the Company after his resignation. Mr. YUE Taiyu resigned as a non-executive director of the sixth session of the Board of the Company and as a member of the Strategy and Sustainable Development Committee of the Board due to other business commitments and will no longer hold any position with the Company after his resignation. The resignations of both Mr. FU Zugang and Mr. YUE Taiyu take effect immediately. Announcement • Dec 27
Zhengzhou Coal Mining Machinery Group Company Limited to Report Fiscal Year 2024 Results on Mar 29, 2025 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Announcement • Dec 16
Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) signed a letter of intent to acquire remaining 16.61% stake in ASIMCO Technologies Limited from a group of shareholders for approximately CNY 700 million. Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) signed a letter of intent to acquire remaining 16.61% stake in ASIMCO Technologies Limited from a group of shareholders for approximately CNY 700 million on December 13, 2024. Upon completion, Zhengzhou Coal Mining Machinery Group Company Limited will own 100% stake in ASIMCO Technologies Limited. The transaction will be financed through equity investment of CNY 698.99 million. Zhengzhou Coal Mining Machinery Group Company Limited intends to sign the Equity Transfer Agreement.
For the period ending December 31, 2023, ASIMCO Technologies Limited reported EBIT of CNY 4.22 billion. As of December 31, 2023, ASIMCO Technologies Limited reported total assets of CNY 6.24 billion.
The transaction is subject to approval of offer by acquirer board and approval of offer by target shareholders. The deal has been unanimously approved by the board. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.50 (up from CN¥0.44 in 3Q 2023). Revenue: CN¥8.91b (down 1.3% from 3Q 2023). Net income: CN¥897.2m (up 14% from 3Q 2023). Profit margin: 10% (up from 8.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% 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 increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Oct 14
Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) agreed to acquire an additional 14.47% stake in Zhengzhou Hengda Intelligent Control Technology Co., Ltd. from a group of shareholders for CNY 1.0 billion. Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) agreed to acquire an additional 14.47% stake in Zhengzhou Hengda Intelligent Control Technology Co., Ltd. from a group of shareholders for CNY 1.0 billion on October 14, 2024. A cash consideration of CNY 1.05 billion valued at CNY 20.14 per share will be paid by Zhengzhou Coal Mining Machinery Group Company Limited. As part of consideration, CNY 1.05 billion is paid towards common equity of Zhengzhou Hengda Intelligent Control Technology Co., Ltd. Upon completion, Zhengzhou Coal Mining Machinery Group Company Limited will own 99.49% stake in Zhengzhou Hengda Intelligent Control Technology Co., Ltd. The transaction will be financed through equity investment of CNY 1.05 billion.
For the period ending December 31, 2023, Zhengzhou Hengda Intelligent Control Technology Co., Ltd. reported EBIT of CNY 2.49 billion and net income of CNY 885.34 million. As of December 31, 2023, Zhengzhou Hengda Intelligent Control Technology Co., Ltd. reported total assets of CNY 3.98 billion and total common equity of CNY 2.43 billion.
Deloitte Touche Tohmatsu Certified Public Accountants LLP acted as accountant for Zhengzhou Coal Mining Machinery Group Company Limited. Announcement • Sep 30
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q3, 2024 Results on Oct 29, 2024 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.08, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.30 per share. Price Target Changed • Sep 04
Price target decreased by 9.9% to CN¥18.63 Down from CN¥20.69, the current price target is an average from 3 analysts. New target price is 61% above last closing price of CN¥11.56. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥2.13 for next year compared to CN¥1.86 last year. Recent Insider Transactions • Jul 06
Executive Chairman recently sold CN¥1.5m worth of stock On the 1st of July, Chengyao Jiao sold around 100k shares on-market at roughly CN¥15.00 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CN¥1.6m. Chengyao has been a net seller over the last 12 months, reducing personal holdings by CN¥3.1m. Announcement • Jun 28
Zhengzhou Coal Mining Machinery Group Company Limited to Report First Half, 2024 Results on Aug 29, 2024 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 Recent Insider Transactions • Jun 18
Executive Chairman recently sold CN¥1.6m worth of stock On the 12th of June, Chengyao Jiao sold around 100k shares on-market at roughly CN¥16.06 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Chengyao's only on-market trade for the last 12 months. Announcement • May 15
Zhengzhou Coal Mining Machinery Group Company Limited Proposes Final Dividend for the Financial Year Ended 31 December 2023, Payable on 15 July 2024 Zhengzhou Coal Mining Machinery Group Company Limited proposed final dividend of RMB 8.4 per 10 share for the financial year ended 31 December 2023. Ex-dividend date: 19 June 2024. Record date: 26 June 2024. Payment date: 15 July 2024. Date of shareholders' approval: 12 June 2024. Announcement • May 12
Zhengzhou Coal Mining Machinery Group Company Limited, Annual General Meeting, Jun 12, 2024 Zhengzhou Coal Mining Machinery Group Company Limited, Annual General Meeting, Jun 12, 2024, at 14:00 China Standard Time. Location: conference room, asimco intelligent automobile technology, (yizheng) company limited, (150 meters north to-, intersection of no. 2 keyan road and jingguan-, road), yizheng economic development China Price Target Changed • May 06
Price target increased by 10% to CN¥20.69 Up from CN¥18.77, the current price target is an average from 3 analysts. New target price is 18% above last closing price of CN¥17.57. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥2.15 for next year compared to CN¥1.86 last year. Reported Earnings • Apr 27
First quarter 2024 earnings released First quarter 2024 results: Revenue: CN¥9.67b (up 5.0% from 1Q 2023). Net income: CN¥1.04b (up 33% from 1Q 2023). Profit margin: 11% (up from 8.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in China. Announcement • Mar 30
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q1, 2024 Results on Apr 30, 2024 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 30
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CN¥1.85 (up from CN¥1.45 in FY 2022). Revenue: CN¥36.4b (up 14% from FY 2022). Net income: CN¥3.27b (up 29% from FY 2022). Profit margin: 9.0% (up from 7.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery 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 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Zhengzhou Coal Mining Machinery Group Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 15 July 2024 Zhengzhou Coal Mining Machinery Group Company Limited proposed final dividend for the year Ended 31 December 2023 of RMB 8.4 per 10 share. Payment date is 15 July 2024. Announcement • Jan 12
Zhengzhou Coal Mining Machinery Group Company Limited Announces Announcement on the Progress of Appointment of Joint Company Secretary Zhengzhou Coal Mining Machinery Group Company Limited Reference is made to the announcement of Zhengzhou Coal Mining Machinery Group Company Limited (the "Company") dated 29 December 2023 (the "Announcement") in relation to, among other things, the change of the secretary to the board of directors and the joint company secretaries of the Company. As disclosed in the Announcement, Mr. Zhang Yichen ("Mr. Zhang") has been appointed as the secretary to the board of directors, joint company secretary and authorized representative of the Company. Mr. Zhang has acted as the secretary to the board of directors of the Company since 29 December 2023 and would assume the role of joint company secretary of the Company since the date on which the Company obtained the letter from The Stock Exchange of Hong Kong Limited (the "Stock Exchange") granting the waiver from strict compliance with Rules 3.28 and 8.17 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). However, given his experience in information disclosure, investor relations management and corporate governance, coupled with his rich industry experience and familiarity with the Company's business operations, the Company has applied to the Stock Exchange for, and the Stock Exchange has granted on 11 January 2024, a waiver (the "Waiver") from strict compliance with the requirements under Rules 3.28 and 8.17 of the Listing Rules for a period of three years from the date of appointment of Mr. Zhang as a joint company secretary of the Company (the "Waiver Period"), on the following conditions: during the Waiver Period, Mr. Zhang will be assisted by another joint company secretary of the Company, Ms. Chan Yin Wah ("Ms. Chan"), who serves as the other joint company secretary of the Company and could fully comply with the requirements set out in Rule 3.28 of the Listing Rules, in the performance of his functions as a joint company secretary. The Waiver may be revoked immediately if and when Ms. Chan ceases to provide assistance to Mr. Zhang. The Stock Exchange may revoke or modify the Waiver if the Company's situation changes; and the Waiver could be revoked if there is a material breach of the Listing Rules by the Company. The biographical details of Mr. Zhang and Ms. Chan are set out below respectively: Mr. Zhang Yichen, was born in April 1986 in Xiangcheng City, Henan. He is a member of the Chinese Communist Party with Chinese nationality and with no right of abode in any overseas jurisdictions. He is a university graduate with a bachelor's degree. He graduated from Huazhong University of Science and Technology and obtained a bachelor's degree of arts in July 2009. From July 2009 to January 2016, he served as an office secretary, a member of the capital operation department, an assistant to the head of the general office and an assistant to the head of the strategic development division of the Company. From February 2016 to February 2020, he served as the deputy head (person in charge) of the strategic development division of the Company. From August 2016 to February 2018, he concurrently served as the deputy head of general office of the Company. From February 2018 to March 2021, he served as an employee supervisor of the Company. Since February 2020, he has been serving as the head of the strategic development division of the Company. Since December 2023, he has been the secretary to the board of directors of the Company. Since March 2016, he has been concurrently serving as the chairman of the supervisory committee of Zhengzhou Suda Industry Machinery Service Co. Ltd. Ms. Chan Yin Wah is an associate director of SWCS Corporate Services Group (Hong Kong) Limited. Ms. Chan has extensive professional experience as company secretary of Hong Kong listed companies. Ms. Chan holds a bachelor's degree in economics and a master's degree in professional accounting. She is a fellow member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators in the United Kingdom. She is also a fellow member of the Association of Chartered Certified Accountants in the United Kingdom. Mr. Zhang succeeds Mr. Zhang Haibin as the joint company secretary and authorized representative of the Company with effect from 11 January 2024. Before the end of the Waiver Period, the Company will strive to prove to the Stock Exchange that Mr. Zhang, having had the benefit of Ms. Chan's assistance during the Waiver Period, has attained the relevant experience under Rule 3.28 of the Listing Rules and is capable of discharging the functions of company secretary, so that a further waiver would not be necessary. Announcement • Dec 30
Zhengzhou Coal Mining Machinery Group Company Limited to Report Fiscal Year 2023 Results on Mar 29, 2024 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Dec 29
Zhengzhou Coal Mining Machinery Group Company Limited Announces Secretary to the Board of Directors and Joint Company Secretary Changes Zhengzhou Coal Mining Machinery Group Company Limited approved at the second meeting of the sixth session of the board of directors, Mr. Zhang Haibin ceased to be the secretary to the board of directors of the Company, effective from 29 December 2023, due to work needs. Mr. Zhang Haibin also ceased to be a joint company secretary of the Company and the authorised representative under the Listing Rules with effect from the date on which the Company obtained a letter of exemption for the new joint company secretary from The Stock Exchange of Hong Kong Limited. The board of directors announces that Mr. Zhang Yichen has been appointed as the secretary to the board of directors, joint company secretary and authorised representative of the Company. Mr. Zhang Yichen's term of office as the secretary to the board of directors is effective from 29 December 2023. As Mr. Zhang Yichen does not have the qualifications or relevant experience required under Rule 3.28 of the Listing Rules, the Company will apply to the Stock Exchange for an exemption from strict compliance with the requirements under Rules 3.28 and 8.17 of the Listing Rules, subject to the approval of the Stock Exchange. Mr. Zhang Yichen will serve as a joint company secretary and the authorised representative from the date on which the Company obtained the letter of exemption from the Stock Exchange. Zhang Yichen, was born in April 1986 in Xiangcheng City, Henan. He is a member of the Chinese Communist Party with Chinese nationality and no the right of abode in any foreign nations. He is a university graduate with a bachelor degree. He graduated from Huazhong University of Science and Technology in July 2009. From July 2009 to January 2016, he served as an office secretary, a member of the capital operation department, an assistant to the head of the general office and an assistant to the head of the strategic development division of the Company. From February 2016 to February 2020, he served as the deputy head (person in charge) of the strategic development division of the Company. From August 2016 to February 2018, he concurrently served as the deputy head of general office of the Company. From February 2018 to March 2021, he served as the employee supervisor of the Company. Since February 2020, he has served as the head of the strategic development division of the Company. Since December 2023, he has been the secretary to the board of directors of the Company. Since March 2016, he has been concurrently serving as the chairman of the supervisory committee of Zhengzhou Suda Industry Machinery Service Co. Ltd. Announcement • Dec 15
Zhengzhou Coal Mining Machinery Group Company Limited Approves Board Appointments Zhengzhou Coal Mining Machinery Group Company Limited announced at extraordinary general meeting of 2023 held on 15 December 2023, the shareholder approved the election of Mr. Meng Hechao as an executive Director for the sixth session of the Board of Directors of the company and to approved the election of Mr. Li Kaishun as an executive Director for the sixth session of the Board of Directors of the company. Recent Insider Transactions Derivative • Dec 14
GM & Executive Director exercised options to buy CN¥2.8m worth of stock. On the 8th of December, Hao Jia exercised options to buy 231k shares at a strike price of around CN¥4.59, costing a total of CN¥1.1m. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since December 2022, Hao has owned 1.97m shares directly. Company insiders have collectively bought CN¥2.0m more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.28 in 3Q 2022). Revenue: CN¥9.05b (up 9.8% from 3Q 2022). Net income: CN¥786.0m (up 58% from 3Q 2022). Profit margin: 8.7% (up from 6.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.7% p.a. on average during the next 3 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 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q3, 2023 Results on Oct 31, 2023 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Sep 26
Zhengzhou Coal Mining Machinery Group Company Limited Elects Yue Taiyu as A Non-Executive Director Zhengzhou Coal Mining Machinery Group Company Limited announced that at its EGM held on 25 September 2023, the shareholders elected Yue Taiyu as a non-executive director for the fifth session of the board of directors of the company. Price Target Changed • Aug 31
Price target decreased by 7.6% to CN¥19.40 Down from CN¥20.99, the current price target is an average from 3 analysts. New target price is 53% above last closing price of CN¥12.64. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of CN¥1.81 for next year compared to CN¥1.45 last year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.45 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.51 (up from CN¥0.45 in 2Q 2022). Revenue: CN¥9.01b (up 21% from 2Q 2022). Net income: CN¥898.2m (up 15% from 2Q 2022). Profit margin: 10.0% (in line with 2Q 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 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 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Zhengzhou Coal Mining Machinery Group Company Limited Announces Resignation of Fei Guangsheng as Non-Executive Director The board of directors of Zhengzhou Coal Mining Machinery Group Company Limited announced that the Board received the resignation report tendered by Mr. Fei Guangsheng, a non-executive director of the Company, on 10 August 2023. Announcement • Jun 28
Zhengzhou Coal Mining Machinery Group Company Limited to Report First Half, 2023 Results on Aug 29, 2023 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report first half, 2023 results on Aug 29, 2023 Announcement • Jun 05
Zhengzhou Coal Mining Machinery Group Company Limited Announces Demise of Xiang Jiayu, the Executive Director and Vice Chairman The board of directors of Zhengzhou Coal Mining Machinery Group Company Limited announced with deepest grief that Mr. XIANG Jiayu, the executive Director and vice chairman of the Company, passed away in Zhengzhou on 4 June 2023 due to futile medical treatment. Price Target Changed • May 15
Price target increased by 19% to CN¥21.99 Up from CN¥18.55, the current price target is provided by 1 analyst. New target price is 58% above last closing price of CN¥13.89. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.45 last year. Reported Earnings • Mar 31
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥1.45 (up from CN¥1.11 in FY 2021). Revenue: CN¥32.0b (up 9.5% from FY 2021). Net income: CN¥2.54b (up 32% from FY 2021). Profit margin: 7.9% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 19
Zhengzhou Coal Mining Machinery Group Company Limited Announces Resignation of Zhang Yonglong as Supervisor The board of supervisors of Zhengzhou Coal Mining Machinery Group Company Limited received a written registration report from Mr. Zhang Yonglong, a supervisor of the Company, on 18 January 2023. Due to work adjustment,Mr. Zhang Yonglong has to devote more time to other duties and has applied to resign from the role of supervisor of the Company. He will not hold any positions in the Company after his resignation which shall take effect on 18 January 2023. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Wen Qing Guo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.21 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.21 in 3Q 2021). Revenue: CN¥8.26b (up 20% from 3Q 2021). Net income: CN¥497.4m (up 33% from 3Q 2021). Profit margin: 6.0% (up from 5.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 23% 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 increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 15
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q3, 2022 Results on Oct 26, 2022 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q3, 2022 results on Oct 26, 2022 Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.37 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.45 (up from CN¥0.37 in 2Q 2021). Revenue: CN¥7.45b (flat on 2Q 2021). Net income: CN¥782.8m (up 21% from 2Q 2021). Profit margin: 11% (up from 8.7% in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 35% growth forecast for the Machinery 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 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 19
Zhengzhou Coal Mining Machinery Group Company Limited to Report First Half, 2022 Results on Aug 30, 2022 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report first half, 2022 results on Aug 30, 2022 Recent Insider Transactions • Jul 27
GM & Executive Director recently sold CN¥11m worth of stock On the 21st of July, Hao Jia sold around 658k shares on-market at roughly CN¥17.19 per share. This was the largest sale by an insider in the last 3 months. This was Hao's only on-market trade for the last 12 months. Announcement • Jul 20
Zhengzhou Coal Mining Machinery, Partners Plan to Buy 43.3% Stake in Luoyang LYC Bearing Zhengzhou Coal Mining Machinery Group Company Limited (SHSE:601717) said it and Partners plan to buy 43.3% stake in Luoyang LYC Bearing Co., Ltd. Recent Insider Transactions • Jun 30
Executive Chairman recently sold CN¥7.6m worth of stock On the 28th of June, Chengyao Jiao sold around 500k shares on-market at roughly CN¥15.26 per share. This was the largest sale by an insider in the last 3 months. Chengyao has been a seller over the last 12 months, reducing personal holdings by CN¥13m. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥15.26, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 186% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.06 per share. Recent Insider Transactions • Jun 17
Vice Chairman recently sold CN¥1.8m worth of stock On the 15th of June, Jiayu Xiang sold around 130k shares on-market at roughly CN¥13.51 per share. This was the largest sale by an insider in the last 3 months. This was Jiayu's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 07
Executive Chairman recently sold CN¥545k worth of stock On the 2nd of June, Chengyao Jiao sold around 40k shares on-market at roughly CN¥13.62 per share. This was the largest sale by an insider in the last 3 months. Chengyao has been a seller over the last 12 months, reducing personal holdings by CN¥680k. Announcement • May 31
Zhengzhou Coal Mining Machinery Group Company Limited Approves Final Ordinary Dividend for the Year Ended December 31, 2021, Payable on 29 July 2022 Zhengzhou Coal Mining Machinery Group Company Limited approved final ordinary dividend of RMB 4.35 per 10 shares for the year ended December 31, 2021. The dividend is payable on 29 July 2022 with record date of 20 June 2022 and ex-dividend date of 13 June 2022. Date of shareholders' approval is 30 May 2022. Price Target Changed • May 27
Price target increased to CN¥16.00 Up from CN¥13.00, the current price target is provided by 1 analyst. New target price is 28% above last closing price of CN¥12.54. Stock is up 9.1% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥1.11 last year. Board Change • May 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Wen Qing Guo was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 27
Zhengzhou Coal Mining Machinery Group Company Limited Proposes Final Cash Dividend for 2021, Payable on or Before 29 July 2022 Zhengzhou Coal Mining Machinery Group Company Limited proposed final cash dividend of RMB 4.35 (inclusive of tax) per 10 existing shares to A Shareholders and H Shareholders for 2021 in the Annual general meeting to be held on May 30, 2022. Subject to the approval of this proposal at the AGM, the Dividends will be payable to the Shareholders whose names appear on the register of members of the Company after the close of the market on 20 June 2022. The share register of members of the Company will be closed from 15 June 2022 to 20 June 2022 (both days inclusive), during which period no transfer of Shares will be registered. For the H Shareholders of the Company who wish to be entitled to the final Dividends but have not registered the transfer documents, such transfer documents accompanied by the relevant share certificates must be lodged with the Company's share registrar for H Shares, Computershare Hong Kong Investor Services Limited, at Shops 17121716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong at or before 4:30 p.m. on Tuesday, 14 June 2022. Subject to the approval of this resolution by the Shareholders, the final Dividends on the H Shares of the Company will be payable on or before 29 July 2022. Announcement • Apr 13
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q1, 2022 Results on Apr 26, 2022 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q1, 2022 results on Apr 26, 2022 Announcement • Mar 30
Zhengzhou Coal Mining Machinery Group Company Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2021, Payable on 29 July 2022 Zhengzhou Coal Mining Machinery Group Company Limited proposed final ordinary dividend of RMB 4.35 per 10 share for the year ended 31 December 2021. Payment date: 29 July 2022. Announcement • Jan 25
Zhengzhou Coal Mining Machinery Group Company Limited Provides Earnings Guidance for the Year Ended December 31, 2021 Zhengzhou Coal Mining Machinery Group Company Limited provided earnings guidance for the year ended December 31, 2021. For the year, the company expects net profit attributable to the owners of the Company for 2021 would be ranging from RMB 1,830 million to RMB 1,980 million, representing an increase ranging from RMB 590.8505 million to RMB 740.8505 million or a year-on-year increase between 47.68% and 59.79% as compared with the corresponding period of the previous year; the net profit attributable to owners of the Company after non-recurring gains and losses would be ranging from RMB 1,710 million to RMB 1,860 million, representing an increase ranging from RMB 12.2237 million to RMB 162.2237 million or a year-on-year increase between 0.72% and 9.56% as compared with the corresponding period of the previous year. Announcement • Mar 17
Zhengzhou Coal Mining Machinery Group Company Limited (SEHK:564) signed purchase agreement to acquire remaining 24.5% stake in Zhengzhou Shengji Mechanical and Electrical Equipment Company Limited from Chizhou Zhongan Zhaoshang Equity Investment LLP for approximately CNY 790 million. Zhengzhou Coal Mining Machinery Group Company Limited (SEHK:564) signed purchase agreement to acquire remaining 24.5% stake in Zhengzhou Shengji Mechanical and Electrical Equipment Company Limited from Chizhou Zhongan Zhaoshang Equity Investment LLP for approximately CNY 790 million on March 15, 2021. Zhengzhou Coal Mining Machinery Group Company shall remit the transfer price to the designated bank account in currency on the day when all the preconditions for payment are met. After the completion of this transaction, Zhengzhou Shengji will become a wholly owned subsidiary of Zhengzhou Coal Mining Machinery Group Company Limited. Announcement • Mar 05
Zhengzhou Coal Mining Machinery Group Company Limited to Report Fiscal Year 2020 Results on Mar 27, 2021 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report fiscal year 2020 results on Mar 27, 2021 Announcement • Oct 16
Zhengzhou Coal Mining Machinery Group Company Limited to Report Q3, 2020 Results on Oct 28, 2020 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report Q3, 2020 results on Oct 28, 2020 Announcement • Jul 18
Zhengzhou Coal Mining Machinery Group Company Limited to Report First Half, 2020 Results on Aug 29, 2020 Zhengzhou Coal Mining Machinery Group Company Limited announced that they will report first half, 2020 results on Aug 29, 2020 
