Announcement • Jun 30
Tederic Machinery Co., LTD to Report First Half, 2026 Results on Aug 29, 2026 Tederic Machinery Co., LTD announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥10.24, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 53x in the Machinery industry in China. Total returns to shareholders of 8.8% over the past three years. Declared Dividend • May 30
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 4th June 2026 Payment date: 4th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.2% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 39% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.2% EPS decline seen over the last 5 years. Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.28 in FY 2024) Full year 2025 results: EPS: CN¥0.31 (up from CN¥0.28 in FY 2024). Revenue: CN¥1.21b (up 5.1% from FY 2024). Net income: CN¥90.9m (up 11% from FY 2024). Profit margin: 7.5% (up from 7.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 21
Tederic Machinery Co., LTD, Annual General Meeting, May 12, 2026 Tederic Machinery Co., LTD, Annual General Meeting, May 12, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 30
Tederic Machinery Co., LTD to Report Q1, 2026 Results on Apr 29, 2026 Tederic Machinery Co., LTD announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 26
Tederic Machinery Co., LTD to Report Fiscal Year 2025 Results on Apr 21, 2026 Tederic Machinery Co., LTD announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.036 (vs CN¥0.002 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.036 (up from CN¥0.002 loss in 3Q 2024). Revenue: CN¥283.2m (flat on 3Q 2024). Net income: CN¥9.88m (up CN¥10.4m from 3Q 2024). Profit margin: 3.5% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Sep 30
Tederic Machinery Co., LTD to Report Q3, 2025 Results on Oct 28, 2025 Tederic Machinery Co., LTD announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Tederic Machinery Co., LTD to Report First Half, 2025 Results on Aug 30, 2025 Tederic Machinery Co., LTD announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • May 31
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 8.0% EPS decline seen over the last 5 years. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.08 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.08 in 1Q 2024). Revenue: CN¥261.6m (up 2.1% from 1Q 2024). Net income: CN¥18.0m (down 28% from 1Q 2024). Profit margin: 6.9% (down from 9.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 26
Tederic Machinery Co., LTD, Annual General Meeting, May 16, 2025 Tederic Machinery Co., LTD, Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: No. 417, Yinhai Street, Baiyang Subdistrict, Qiantang District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.90, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 40x in the Machinery industry in China. Total loss to shareholders of 5.9% over the past three years. Announcement • Mar 28
Tederic Machinery Co., LTD to Report Q1, 2025 Results on Apr 30, 2025 Tederic Machinery Co., LTD announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Tederic Machinery Co., LTD to Report Fiscal Year 2024 Results on Apr 26, 2025 Tederic Machinery Co., LTD announced that they will report fiscal year 2024 results on Apr 26, 2025 New Risk • Nov 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Earnings have declined by 8.6% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.3% net profit margin). Announcement • Sep 30
Tederic Machinery Co., LTD to Report Q3, 2024 Results on Oct 31, 2024 Tederic Machinery 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 18% After last week's 18% share price gain to CN¥8.50, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 1.6% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.092 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.069 (down from CN¥0.092 in 2Q 2023). Revenue: CN¥321.7m (up 25% from 2Q 2023). Net income: CN¥19.4m (down 33% from 2Q 2023). Profit margin: 6.0% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥9.33, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 27x in the Machinery industry in China. Total returns to shareholders of 2.2% over the past three years. Announcement • Jun 28
Tederic Machinery Co., LTD to Report First Half, 2024 Results on Aug 31, 2024 Tederic Machinery Co., LTD announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.9% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Announcement • Apr 29
Tederic Machinery Co., LTD, Annual General Meeting, May 20, 2024 Tederic Machinery Co., LTD, Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.33 in FY 2022) Full year 2023 results: EPS: CN¥0.29 (down from CN¥0.33 in FY 2022). Revenue: CN¥1.00b (down 16% from FY 2022). Net income: CN¥85.8m (down 11% from FY 2022). Profit margin: 8.6% (up from 8.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.15, the stock trades at a trailing P/E ratio of 39.2x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 33% over the past three years. Announcement • Mar 29
Tederic Machinery Co., LTD to Report Q1, 2024 Results on Apr 30, 2024 Tederic Machinery Co., LTD announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.31, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 30x in the Machinery industry in China. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥8.08, the stock trades at a trailing P/E ratio of 31.2x. Average trailing P/E is 26x in the Machinery industry in China. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥6.51, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 25x in the Machinery industry in China. Total loss to shareholders of 4.2% over the past three years. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.1% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥8.39, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 21% over the past three years. Announcement • Dec 29
Tederic Machinery Co., LTD to Report Fiscal Year 2023 Results on Apr 27, 2024 Tederic Machinery Co., LTD announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.069 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.069 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥229.8m (down 34% from 3Q 2022). Net income: CN¥20.2m (down 47% from 3Q 2022). Profit margin: 8.8% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.092 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥257.1m (down 17% from 2Q 2022). Net income: CN¥28.8m (down 22% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.49 in FY 2021) Full year 2022 results: EPS: CN¥0.33 (down from CN¥0.49 in FY 2021). Revenue: CN¥1.19b (up 8.0% from FY 2021). Net income: CN¥96.6m (down 32% from FY 2021). Profit margin: 8.1% (down from 13% in FY 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥9.67, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.99, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 42% over the past three years. Board Change • Nov 16
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. 7 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥345.8m (up 18% from 3Q 2021). Net income: CN¥38.2m (down 19% from 3Q 2021). Profit margin: 11% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥310.0m (down 6.2% from 2Q 2021). Net income: CN¥37.1m (down 21% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥14.26, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 39x in the Machinery industry in China. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥10.87, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.15 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.15 in 1Q 2021). Revenue: CN¥257.8m (up 7.3% from 1Q 2021). Net income: CN¥28.3m (down 28% from 1Q 2021). Profit margin: 11% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is significantly lagging earnings. 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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: CN¥0.49 (vs CN¥0.33 in FY 2020) Full year 2021 results: EPS: CN¥0.49 (up from CN¥0.33 in FY 2020). Revenue: CN¥1.10b (up 26% from FY 2020). Net income: CN¥142.2m (up 64% from FY 2020). Profit margin: 13% (up from 9.9% in FY 2020). The increase in margin was driven by higher revenue. 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 6% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 23
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥294.0m (up 8.3% from 3Q 2020). Net income: CN¥47.2m (up 48% from 3Q 2020). Profit margin: 16% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.086 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥330.6m (up 57% from 2Q 2020). Net income: CN¥46.9m (up 116% from 2Q 2020). Profit margin: 14% (up from 10% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.43 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥873.1m (up 8.7% from FY 2019). Net income: CN¥86.7m (down 25% from FY 2019). Profit margin: 9.9% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Apr 08
Tederic Machinery Co., Ltd. announced that it has received CNY 194.1 million in funding On April 6, 2021, Tederic Machinery Co., Ltd. (SHSE:603289) closed the transaction. The company has paid CNY 1,200,000 as underwriting sponsorship fees and 548,100 yuan of other issuance expenses. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥7.19 The company is down 14% from its price of CN¥8.32 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥8.05 The company is down 4.0% from its price of CN¥8.41 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 10.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥8.17 The company is down 6.0% from its price of CN¥8.65 on 17 September 2020. The Chinese market is up 3.0% 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 30
New 90-day low: CN¥8.32 The company is down 18% from its price of CN¥10.15 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 4.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥92.9m, down 22% from the prior year. Total revenue was CN¥839.5m over the last 12 months, up 4.5% from the prior year. Announcement • Oct 19
Tederic Machinery Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Tederic Machinery Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥8.41 The company is down 17% from its price of CN¥10.12 on 02 July 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 12% over the same period. Announcement • Jul 09
Tederic Machinery Co., LTD to Report First Half, 2020 Results on Aug 22, 2020 Tederic Machinery Co., LTD announced that they will report first half, 2020 results on Aug 22, 2020 
