Price Target Changed • Apr 17
Price target increased by 13% to CN¥41.64 Up from CN¥36.74, the current price target is an average from 3 analysts. New target price is 28% above last closing price of CN¥32.52. Stock is up 48% over the past year. The company is forecast to post earnings per share of CN¥2.42 for next year compared to CN¥2.10 last year. Reported Earnings • Apr 16
First quarter 2026 earnings released: EPS: CN¥0.59 (vs CN¥0.55 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.59 (up from CN¥0.55 in 1Q 2025). Revenue: CN¥21.3b (up 46% from 1Q 2025). Net income: CN¥1.27b (up 8.9% from 1Q 2025). Profit margin: 5.9% (down from 8.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 6.7% 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 Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 16
Zhejiang Chint Electrics Co., Ltd., Annual General Meeting, May 18, 2026 Zhejiang Chint Electrics Co., Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 1F, Building A3, No. 3655, Sixian Road, Songjiang District, Shanghai China Announcement • Mar 30
Zhejiang Chint Electrics Co., Ltd. to Report Q1, 2026 Results on Apr 16, 2026 Zhejiang Chint Electrics Co., Ltd. announced that they will report Q1, 2026 results on Apr 16, 2026 Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥39.05, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 47% over the past three years. Price Target Changed • Jan 29
Price target increased by 8.4% to CN¥36.74 Up from CN¥33.89, the current price target is an average from 4 analysts. New target price is 23% above last closing price of CN¥29.75. Stock is up 34% over the past year. The company is forecast to post earnings per share of CN¥2.22 for next year compared to CN¥1.81 last year. Announcement • Dec 26
Zhejiang Chint Electrics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 16, 2026 Zhejiang Chint Electrics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 16, 2026 New Risk • Nov 21
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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥35.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 30% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.76 (vs CN¥0.74 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.76 (up from CN¥0.74 in 3Q 2024). Revenue: CN¥16.8b (down 3.7% from 3Q 2024). Net income: CN¥1.62b (up 3.1% from 3Q 2024). Profit margin: 9.7% (in line with 3Q 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Announcement • Sep 30
Zhejiang Chint Electrics Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Zhejiang Chint Electrics Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Buy Or Sell Opportunity • Sep 10
Now 20% undervalued Over the last 90 days, the stock has risen 25% to CN¥27.66. The fair value is estimated to be CN¥34.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.64 (vs CN¥0.39 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.64 (up from CN¥0.39 in 2Q 2024). Revenue: CN¥15.1b (up 15% from 2Q 2024). Net income: CN¥1.39b (up 65% from 2Q 2024). Profit margin: 9.2% (up from 6.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.86, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Electrical industry in China. Total loss to shareholders of 3.8% over the past three years. Announcement • Jun 30
Zhejiang Chint Electrics Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Zhejiang Chint Electrics Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Apr 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.81 (up from CN¥1.73 in FY 2023). Revenue: CN¥64.5b (up 13% from FY 2023). Net income: CN¥3.87b (up 5.1% from FY 2023). Profit margin: 6.0% (down from 6.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 30
Zhejiang Chint Electrics Co., Ltd., Annual General Meeting, May 23, 2025 Zhejiang Chint Electrics Co., Ltd., Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: No. 600, Binkang Road, Binjiang District, Hangzhou, Zhejiang China Announcement • Apr 16
Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) announces an Equity Buyback for CNY 540 million worth of its shares. Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) announces a share repurchase program. Under the program, the company will repurchase up to CNY 540 million worth of its shares. The shares will be repurchased at CNY 35.56 per share. The shares repurchased will be used for implementing the employee stock ownership plan. The program will be funded using self-owned funds or self-raised funds. The program is valid for 12 months. Price Target Changed • Apr 12
Price target increased by 9.4% to CN¥30.11 Up from CN¥27.52, the current price target is an average from 4 analysts. New target price is 39% above last closing price of CN¥21.62. Stock is up 9.6% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥1.73 last year. Announcement • Mar 28
Zhejiang Chint Electrics Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Zhejiang Chint Electrics Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Zhejiang Chint Electrics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Zhejiang Chint Electrics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 New Risk • Oct 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.74 (vs CN¥0.52 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.74 (up from CN¥0.52 in 3Q 2023). Revenue: CN¥17.4b (up 18% from 3Q 2023). Net income: CN¥1.58b (up 45% from 3Q 2023). Profit margin: 9.0% (up from 7.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Zhejiang Chint Electrics Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Zhejiang Chint Electrics Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥22.74, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 58% over the past three years. New Risk • Aug 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.33 in 2Q 2023). Revenue: CN¥13.1b (up 7.9% from 2Q 2023). Net income: CN¥841.5m (up 20% from 2Q 2023). Profit margin: 6.4% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Jul 13
Chint Electrics Plans to Buy 5% Stake in Energy Service Firm Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) (Chint Electrics) said it plans to buy 5% stake in Energy Service Firm for CNY 150 million ($20.67 million). Announcement • Jun 28
Zhejiang Chint Electrics Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Zhejiang Chint Electrics Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Price Target Changed • May 29
Price target decreased by 7.9% to CN¥30.45 Down from CN¥33.07, the current price target is an average from 7 analysts. New target price is 40% above last closing price of CN¥21.74. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥1.73 last year. Price Target Changed • May 22
Price target decreased by 7.1% to CN¥31.54 Down from CN¥33.93, the current price target is an average from 7 analysts. New target price is 43% above last closing price of CN¥21.98. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥2.19 for next year compared to CN¥1.73 last year. Price Target Changed • May 07
Price target decreased by 7.4% to CN¥33.07 Down from CN¥35.69, the current price target is an average from 6 analysts. New target price is 59% above last closing price of CN¥20.76. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥2.19 for next year compared to CN¥1.73 last year. New Risk • May 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.2% Last year net profit margin: 9.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (116% cash payout ratio). Profit margins are more than 30% lower than last year (6.2% net profit margin). Reported Earnings • May 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.73 (down from CN¥1.89 in FY 2022). Revenue: CN¥57.3b (up 25% from FY 2022). Net income: CN¥3.69b (down 8.4% from FY 2022). Profit margin: 6.4% (down from 8.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Announcement • May 01
Zhejiang Chint Electrics Co., Ltd., Annual General Meeting, May 31, 2024 Zhejiang Chint Electrics Co., Ltd., Annual General Meeting, May 31, 2024, at 14:00 China Standard Time. Location: 1F, Building A3, No. 3655, Sixian Road, Songjiang District, Shanghai China Announcement • Mar 29
Zhejiang Chint Electrics Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Zhejiang Chint Electrics Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
Zhejiang Chint Electrics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Zhejiang Chint Electrics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Major Estimate Revision • Nov 13
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥59.6b to CN¥58.7b. EPS estimate also fell from CN¥2.31 per share to CN¥1.97 per share. Net income forecast to grow 40% next year vs 56% growth forecast for Electrical industry in China. Consensus price target broadly unchanged at CN¥35.08. Share price was steady at CN¥23.43 over the past week. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.52 (vs CN¥0.71 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.52 (down from CN¥0.71 in 3Q 2022). Revenue: CN¥14.8b (up 29% from 3Q 2022). Net income: CN¥1.09b (down 28% from 3Q 2022). Profit margin: 7.4% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Price Target Changed • Sep 05
Price target decreased by 9.8% to CN¥36.17 Down from CN¥40.11, the current price target is an average from 7 analysts. New target price is 45% above last closing price of CN¥24.86. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥2.32 for next year compared to CN¥1.89 last year. Reported Earnings • Aug 31
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: CN¥0.33 (down from CN¥0.54 in 2Q 2022). Revenue: CN¥12.1b (down 6.1% from 2Q 2022). Net income: CN¥702.1m (down 37% from 2Q 2022). Profit margin: 5.8% (down from 8.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 44%. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Announcement • Jun 28
Zhejiang Chint Electrics Co., Ltd. to Report First Half, 2023 Results on Aug 31, 2023 Zhejiang Chint Electrics Co., Ltd. announced that they will report first half, 2023 results on Aug 31, 2023 Major Estimate Revision • May 09
Consensus revenue estimates increase by 38% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥50.1b to CN¥69.2b. EPS estimate unchanged from CN¥2.39 at last update. Electrical industry in China expected to see average net income growth of 59% next year. Consensus price target of CN¥40.91 unchanged from last update. Share price rose 6.9% to CN¥27.84 over the past week. Reported Earnings • Apr 30
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: CN¥0.56 (up from CN¥0.27 in 1Q 2022). Revenue: CN¥15.7b (up 48% from 1Q 2022). Net income: CN¥1.20b (up 105% from 1Q 2022). Profit margin: 7.6% (up from 5.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 92%. Earnings per share (EPS) also surpassed analyst estimates by 93%. Revenue is forecast to stay flat during the next 2 years compared to a 24% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Feb 16
Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) entered into agreement to acquire Wenzhou Angtai Power System Co., Ltd. from Zhejiang Chint Electrics Co., Ltd. (SHSE:601877), Shanghai Zhizhe Management Consulting Center (Limited Partnership) and Shanghai Chuofeng Management Consulting Center (Limited Partnership) for CNY 840.3 million. Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) entered into agreement to acquire Wenzhou Angtai Power System Co., Ltd. from Zhejiang Chint Electrics Co., Ltd. (SHSE:601877), Shanghai Zhizhe Management Consulting Center (Limited Partnership) and Shanghai Chuofeng Management Consulting Center (Limited Partnership) for CNY 840.3 million on February 14, 2023. The consideration will be paid in two parts where half of the consideration will be paid within five working days of signing the transaction and within six months of closing the transaction other half will be paid. Wenzhou Angtai Power System recorded total assets of CNY 1.49 billion and net assets of CNY 421.14 million as of October 31, 2022. The transaction is subject to approval from Board of Directors of Jiangsu Tongrun Equipment Technology Co.,Ltd, shareholders of Wenzhou Angtai Power System Co., Ltd., Board of Directors of Zhejiang Chint Electrics Co., Ltd., approval from anti-monopoly review of the concentration of operators by the State Administration for Market Regulation and shareholders of Jiangsu Tongrun Equipment Technology Co.,Ltd. Zhang Jun, Zhao Lichen and Wang Wei of Grandall Law Firm acted as legal advisors, Wu Yixin and Ge Aiping of Pan-China Certified Public Accountants LLP and Guotai Junan Securities Co., Ltd. acted as financial advisors for Jiangsu Tongrun Equipment Technology Co.,Ltd. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥32.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 20% over the past three years. Price Target Changed • Dec 06
Price target decreased to CN¥45.56 Down from CN¥50.85, the current price target is an average from 6 analysts. New target price is 57% above last closing price of CN¥28.93. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥2.11 for next year compared to CN¥1.58 last year. Announcement • Nov 24
Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) agreed to acquire additional 30% minority stake in Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) for CNY 1 billion. Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) agreed to acquire additional 30% minority stake in Jiangsu Tongrun Equipment Technology Co.,Ltd (SZSE:002150) for CNY 1 billion on November 22, 2022. Post acquisition, Zhejiang Chint will become a controlling shareholder in Jiangsu Tongrun Equipment. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Yifeng Shen was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 08
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥47.3b to CN¥49.4b. EPS estimate fell from CN¥2.38 to CN¥2.11 per share. Net income forecast to grow 46% next year vs 65% growth forecast for Electrical industry in China. Consensus price target down from CN¥51.72 to CN¥49.02. Share price rose 6.9% to CN¥29.49 over the past week. Price Target Changed • Nov 07
Price target decreased to CN¥49.02 Down from CN¥52.86, the current price target is an average from 6 analysts. New target price is 66% above last closing price of CN¥29.49. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥2.08 for next year compared to CN¥1.58 last year. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥29.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 31% over the past three years. Reported Earnings • Oct 29
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: CN¥0.71 (up from CN¥0.43 in 3Q 2021). Revenue: CN¥11.5b (down 7.5% from 3Q 2021). Net income: CN¥1.51b (up 62% from 3Q 2021). Profit margin: 13% (up from 7.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Major Estimate Revision • Sep 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥46.1b to CN¥49.5b. EPS estimate fell from CN¥2.52 to CN¥2.23 per share. Net income forecast to grow 68% next year vs 49% growth forecast for Electrical industry in China. Consensus price target down from CN¥57.26 to CN¥52.86. Share price fell 9.1% to CN¥30.86 over the past week. Price Target Changed • Sep 05
Price target decreased to CN¥53.43 Down from CN¥57.92, the current price target is an average from 7 analysts. New target price is 80% above last closing price of CN¥29.76. Stock is down 45% over the past year. The company is forecast to post earnings per share of CN¥2.23 for next year compared to CN¥1.58 last year. Reported Earnings • Sep 02
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: CN¥0.54 (down from CN¥0.76 in 2Q 2021). Revenue: CN¥12.9b (up 38% from 2Q 2021). Net income: CN¥1.12b (down 35% from 2Q 2021). Profit margin: 8.7% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 58%. Over the next year, revenue is forecast to grow 14%, compared to a 54% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥40.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 82% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.27 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥10.6b (up 55% from 1Q 2021). Net income: CN¥586.9m (up 384% from 1Q 2021). Profit margin: 5.5% (up from 1.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) also surpassed analyst estimates by 286%. Over the next year, revenue is forecast to grow 16%, compared to a 54% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Yifeng Shen was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.58 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¥12.4b (up 44% from 3Q 2020). Net income: CN¥934.3m (down 25% from 3Q 2020). Profit margin: 7.5% (down from 14% in 3Q 2020). 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 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥61.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥52.37, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Electrical industry in China. Total returns to shareholders of 158% over the past three years. Price Target Changed • Aug 28
Price target increased to CN¥57.47 Up from CN¥51.53, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥57.30. Stock is up 66% over the past year. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥57.14, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 33x in the Electrical industry in China. Total returns to shareholders of 167% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥37.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 77% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.16 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥6.87b (up 21% from 1Q 2020). Net income: CN¥121.2m (down 65% from 1Q 2020). Profit margin: 1.8% (down from 6.0% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 28
Price target raised to CN¥42.96 Up from CN¥38.09, the current price target is an average from 10 analysts. The new target price is 14% above the current share price of CN¥37.56. As of last close, the stock is up 41% over the past year. Is New 90 Day High Low • Jan 26
New 90-day high: CN¥40.74 The company is up 31% from its price of CN¥31.01 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.53 per share. Major Estimate Revision • Jan 22
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from CN¥1.93 to CN¥2.18. Revenue estimate for the same period was approximately flat at CN¥32.7b. Net income is expected to grow by 23% next year compared to 45% growth forecast for the Electrical industry in China. The consensus price target increased from CN¥38.09 to CN¥39.42. Share price is up 4.3% to CN¥39.73 over the past week. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥37.00 The company is up 23% from its price of CN¥30.20 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.00 per share. Is New 90 Day High Low • Dec 02
New 90-day high: CN¥33.42 The company is up 2.0% from its price of CN¥32.90 on 03 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical 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¥18.21 per share. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥3.95b, up 7.6% from the prior year. Total revenue was CN¥31.0b over the last 12 months, largely unchanged from the prior year. Analyst Estimate Surprise Post Earnings • Oct 31
Third-quarter earnings released: Earnings beat expectations, revenue disappoints Third-quarter revenue missed analyst estimates by 3.1% at CN¥8.64b. Earnings per share (EPS) exceeded analyst estimates by 7.2% at CN¥0.58. Revenue is forecast to grow 20% over the next year, compared to a 37% growth forecast for the Electrical industry in China. Announcement • Oct 28
Zhejiang Chint Electrics Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Zhejiang Chint Electrics Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Price Target Changed • Oct 16
Price target raised to CN¥37.01 Up from CN¥34.16, the current price target is an average from 11 analysts. The new target price is 16% above the current share price of CN¥32.01. As of last close, the stock is up 49% over the past year. Announcement • Jul 17
Zhejiang Chint Electrics Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Zhejiang Chint Electrics Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
