Announcement • Jun 30
Moon Environment Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Moon Environment Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Announcement • Jun 18
Moon Environment Announces Final Cash Dividend on A Shares for 2025, Payable on 25 June 2026 Moon Environment has announced the implementation of its final profit distribution plan for 2025, declaring a cash dividend of CNY 1.00000000 per 10 shares (tax included) on A shares. The record date is 24 June 2026, with the ex-date on 25 June 2026 and the payment date scheduled for 25 June 2026. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥33.85, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 212% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.58 per share. New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥28.91, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.14 per share. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥22.41, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.00 per share. Announcement • Apr 13
Moon Environment Technology Co.,Ltd., Annual General Meeting, May 12, 2026 Moon Environment Technology Co.,Ltd., Annual General Meeting, May 12, 2026, at 14:45 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Reported Earnings • Apr 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.57 (down from CN¥0.63 in FY 2024). Revenue: CN¥7.05b (up 6.3% from FY 2024). Net income: CN¥564.4m (down 10% from FY 2024). Profit margin: 8.0% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
Moon Environment Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Moon Environment Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥20.60, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.55 per share. Announcement • Dec 31
Moon Environment Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Moon Environment Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 New Risk • Dec 08
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 7.2% 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 (7.2% average weekly change). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥16.20, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.11 per share. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥1.72b (up 6.9% from 3Q 2024). Net income: CN¥162.3m (up 14% from 3Q 2024). Profit margin: 9.5% (in line with 3Q 2024). 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 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to CN¥14.83. The fair value is estimated to be CN¥12.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 61% in the next 2 years. Announcement • Sep 30
Moon Environment Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Moon Environment Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 02
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 6.8% 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: 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 (6.8% average weekly change). Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.22 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (down from CN¥0.22 in 2Q 2024). Revenue: CN¥1.75b (up 1.8% from 2Q 2024). Net income: CN¥172.1m (down 18% from 2Q 2024). Profit margin: 9.9% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Announcement • Jul 02
Moon Environment Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Moon Environment Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.37, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Machinery industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥9.75, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 6.4% over the past three years. Buy Or Sell Opportunity • Apr 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to CN¥11.69. The fair value is estimated to be CN¥14.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Price Target Changed • Apr 18
Price target increased by 18% to CN¥12.88 Up from CN¥10.88, the current price target is an average from 2 analysts. New target price is 11% above last closing price of CN¥11.59. Stock is up 3.5% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.82 last year. Announcement • Apr 18
Moon Environment Technology Co.,Ltd. Proposes Final Cash Dividend for 2024 Moon Environment Technology Co.,Ltd. announced on 17 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 1.50000000. Reported Earnings • Apr 17
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.82 (down from CN¥0.88 in FY 2023). Revenue: CN¥6.63b (down 12% from FY 2023). Net income: CN¥628.1m (down 4.1% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is forecast to grow 11% 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 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 17
Moon Environment Technology Co.,Ltd., Annual General Meeting, May 13, 2025 Moon Environment Technology Co.,Ltd., Annual General Meeting, May 13, 2025, at 14:45 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Machinery industry in China. Negligible returns to shareholders over past three years. Announcement • Mar 31
Moon Environment Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Moon Environment Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Feb 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% 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 (8.3% average weekly change). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.16, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 31
Moon Environment Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Moon Environment Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Announcement • Dec 26
Moon Environment Technology Co.,Ltd. Approves Cash Dividend for the Third Quarter of 2024 Moon Environment Technology Co.,Ltd. at its Extraordinary General Meeting held on 20 December 2024, approved the cash dividend of CNY 1.00000000 per 10 shares (tax included) for the third quarter of 2024. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥13.09, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Dec 07
Moon Environment Technology Co.,Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Moon Environment Technology Co.,Ltd. proposed cash dividend of CNY 1.00000000 per 10 shares (tax included) for the third quarter of 2024. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.24 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.24 in 3Q 2023). Revenue: CN¥1.61b (down 17% from 3Q 2023). Net income: CN¥142.9m (down 26% from 3Q 2023). Profit margin: 8.9% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.4% 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 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Moon Environment Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Moon Environment Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥10.31, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 3.6% over the past three years. Major Estimate Revision • Aug 27
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.36b to CN¥7.51b. EPS estimate fell from CN¥0.98 to CN¥0.863 per share. Net income forecast to grow 15% next year vs 43% growth forecast for Machinery industry in China. Consensus price target down from CN¥14.66 to CN¥10.60. Share price fell 5.9% to CN¥7.81 over the past week. Price Target Changed • Aug 22
Price target decreased by 11% to CN¥13.10 Down from CN¥14.66, the current price target is an average from 2 analysts. New target price is 67% above last closing price of CN¥7.86. Stock is down 52% over the past year. The company is forecast to post earnings per share of CN¥0.93 for next year compared to CN¥0.88 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.37 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.37 in 2Q 2023). Revenue: CN¥1.71b (down 18% from 2Q 2023). Net income: CN¥208.6m (down 21% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 14% 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 34% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Moon Environment Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 21, 2024 Moon Environment Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 Declared Dividend • Jun 20
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 50% lower than last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Xijun Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 11
Moon Environment Technology Co.,Ltd. Approves Cash Dividend for the year 2023 Moon Environment Technology Co.,Ltd. at its AGM held on May 8, 2024 approved the profit distribution as cash dividend/10 shares (tax included): CNY 1.00000000. for the year 2023. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥1.64b (up 4.5% from 1Q 2023). Net income: CN¥122.5m (up 14% from 1Q 2023). Profit margin: 7.5% (up from 6.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Moon Environment Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Moon Environment Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Price Target Changed • Mar 29
Price target decreased by 23% to CN¥14.11 Down from CN¥18.23, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥11.85. Stock is down 7.8% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.88 last year. Announcement • Mar 28
Moon Environment Technology Co.,Ltd., Annual General Meeting, May 08, 2024 Moon Environment Technology Co.,Ltd., Annual General Meeting, May 08, 2024, at 14:45 China Standard Time. Location: The Company's Meeting Room, Yantai, Shandong China Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.88 (up from CN¥0.57 in FY 2022). Revenue: CN¥7.50b (up 23% from FY 2022). Net income: CN¥654.6m (up 54% from FY 2022). Profit margin: 8.7% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Revenue is forecast to grow 23% 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 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.37, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.71 per share. Announcement • Dec 29
Moon Environment Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Moon Environment Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.20 in 3Q 2022). Revenue: CN¥1.92b (up 15% from 3Q 2022). Net income: CN¥193.5m (up 29% from 3Q 2022). Profit margin: 10% (up from 9.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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 31% per year whereas the company’s share price has increased by 30% per year. Announcement • Sep 30
Moon Environment Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Moon Environment Technology Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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. Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥2.09b (up 52% from 2Q 2022). Net income: CN¥263.8m (up 103% from 2Q 2022). Profit margin: 13% (up from 9.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 20
Price target increased by 19% to CN¥21.06 Up from CN¥17.75, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥18.25. Stock is up 78% over the past year. The company is forecast to post earnings per share of CN¥0.93 for next year compared to CN¥0.57 last year. Major Estimate Revision • Jul 19
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥7.44b to CN¥7.77b. EPS estimate increased from CN¥0.69 to CN¥0.81 per share. Net income forecast to grow 32% next year vs 54% growth forecast for Machinery industry in China. Consensus price target up from CN¥17.75 to CN¥18.56. Share price rose 15% to CN¥18.24 over the past week. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.56, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 165% over the past three years. Upcoming Dividend • Jun 21
Upcoming dividend of CN¥0.20 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (1.5%). Reported Earnings • Apr 13
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.57 (up from CN¥0.40 in FY 2021). Revenue: CN¥6.10b (up 13% from FY 2021). Net income: CN¥425.8m (up 42% from FY 2021). Profit margin: 7.0% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Chairman of the Supervisory Qiang Wang was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.18, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 78% over the past three years. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥1.67b (up 8.1% from 3Q 2021). Net income: CN¥149.6m (up 48% from 3Q 2021). Profit margin: 9.0% (up from 6.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% 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 fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.11 in 2Q 2021). Revenue: CN¥1.37b (up 11% from 2Q 2021). Net income: CN¥130.1m (up 66% from 2Q 2021). Profit margin: 9.5% (up from 6.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 34% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Jun 23
Moon Environment Technology Co.,Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 29 June 2022 Moon Environment Technology Co.,Ltd. announced final cash dividend of CNY 2.00000000 per 10 shares on A shares for 2021. Record date is 28 June 2022, Ex-date is 29 June 2022 and Payment date is 29 June 2022. Announcement • May 13
Moon Environment Technology Co.,Ltd. Approves Profit Distribution Plan 2021 Moon Environment Technology Co.,Ltd. held its Annual General Meeting of 2021 on 10 May 2022, during which company approved the profit distribution plan of Cash dividend/10 shares (tax included): CNY 2.00000000. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2021). Revenue: CN¥1.26b (up 13% from 1Q 2021). Net income: CN¥49.7m (down 5.0% from 1Q 2021). Profit margin: 4.0% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 19%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Apr 27
Price target increased to CN¥18.47 Up from CN¥10.24, the current price target is provided by 1 analyst. New target price is 116% above last closing price of CN¥8.54. Stock is up 8.8% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.40 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. Chairman of the Board ZengQun Li is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 03
Moon Environment Technology Co.,Ltd. Announces Profit Distribution Proposal for 2021 Moon Environment Technology Co.,Ltd. announced on 01 April 2022 the profit distribution proposal for 2021 as Cash dividend of CNY 2.00000000 per 10 shares (tax included). Announcement • Apr 02
Moon Environment Technology Co.,Ltd., Annual General Meeting, May 10, 2022 Moon Environment Technology Co.,Ltd., Annual General Meeting, May 10, 2022, at 14:45 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; 2021 annual accounts; to consider 2021 profit distribution plan; to consider election of directors; and to consider other matters. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.40 (up from CN¥0.30 in FY 2020). Revenue: CN¥5.38b (up 33% from FY 2020). Net income: CN¥300.8m (up 35% from FY 2020). Profit margin: 5.6% (up from 5.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 24%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥15.54, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Machinery industry in China. Total returns to shareholders of 175% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.55b (up 28% from 3Q 2020). Net income: CN¥101.3m (up 33% from 3Q 2020). Profit margin: 6.6% (up from 6.3% in 3Q 2020). The increase in margin was driven by higher revenue. 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 39% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.03, the stock trades at a trailing P/E ratio of 35.2x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.25, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 107% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.14 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.24b (up 28% from 2Q 2020). Net income: CN¥78.6m (down 30% from 2Q 2020). Profit margin: 6.4% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥14.62, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 225% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.90, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 156% over the past three years.