Announcement • Jun 30
Acrel Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Acrel Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥24.02, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 22x in the Electrical industry in China. Total loss to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥27.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electrical industry in China. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥29.51, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 27x in the Electrical industry in China. Total loss to shareholders of 19% over the past three years. Declared Dividend • May 13
Dividend of CN¥0.35 announced Shareholders will receive a dividend of CN¥0.35. Ex-date: 18th May 2026 Payment date: 18th May 2026 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (112% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 120% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 23
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 8.0% 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 Dividend is not well covered by cash flows (112% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥23.77, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Electrical industry in China. Total loss to shareholders of 37% over the past three years. Announcement • Mar 31
Acrel Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Acrel Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.86 (up from CN¥0.80 in FY 2024). Revenue: CN¥1.09b (up 2.9% from FY 2024). Net income: CN¥205.2m (up 21% from FY 2024). Profit margin: 19% (up from 16% in FY 2024). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 21% 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 remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 28
Price target increased by 30% to CN¥37.50 Up from CN¥28.88, the current price target is provided by 1 analyst. New target price is 31% above last closing price of CN¥28.57. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.80 last year. Announcement • Mar 28
Acrel Co.,Ltd., Annual General Meeting, Apr 21, 2026 Acrel Co.,Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiading District, Shanghai China Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥32.65, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 27x in the Electrical industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Dec 31
Acrel Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Acrel Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.27 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.27 (up from CN¥0.27 in 3Q 2024). Revenue: CN¥298.2m (up 4.6% from 3Q 2024). Net income: CN¥66.7m (up 15% from 3Q 2024). Profit margin: 22% (up from 20% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% 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 1% per year whereas the company’s share price has fallen by 1% per year. Announcement • Sep 30
Acrel Co.,Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Acrel Co.,Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Declared Dividend • Sep 08
First half dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 11th September 2025 Payment date: 11th September 2025 Dividend yield will be 1.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 100% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
Acrel Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Acrel Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Apr 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (17% increase in shares outstanding). Announcement • Apr 22
Acrel Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Acrel Co.,Ltd. announced on 21 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 3.00000000. Price Target Changed • Apr 21
Price target decreased by 9.5% to CN¥30.14 Down from CN¥33.30, the current price target is an average from 2 analysts. New target price is 37% above last closing price of CN¥21.97. Stock is up 23% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.80 last year. Announcement • Apr 20
Acrel Co.,Ltd., Annual General Meeting, May 12, 2025 Acrel Co.,Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiading District, Shanghai China Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.80 (down from CN¥0.95 in FY 2023). Revenue: CN¥1.06b (down 5.2% from FY 2023). Net income: CN¥169.8m (down 16% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is forecast to grow 26% 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 whereas the company’s share price has increased by 4% per year. Announcement • Mar 31
Acrel Co.,Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Acrel Co.,Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Mar 13
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 8.2% 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 (8.2% average weekly change). Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electrical industry in China. Total loss to shareholders of 5.0% over the past three years. Announcement • Dec 31
Acrel Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Acrel Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Price Target Changed • Oct 25
Price target increased by 12% to CN¥33.30 Up from CN¥29.80, the current price target is an average from 2 analysts. New target price is 68% above last closing price of CN¥19.84. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.95 last year. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.34 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.34 in 3Q 2023). Revenue: CN¥285.2m (down 16% from 3Q 2023). Net income: CN¥57.9m (down 21% from 3Q 2023). Profit margin: 20% (down from 22% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% 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 6% 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 • Oct 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥18.49, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 20% over the past three years. New Risk • Sep 30
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). Announcement • Sep 30
Acrel Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Acrel Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.67, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 11% over the past three years. Announcement • Sep 06
Acrel Co.,Ltd. Announces Implementation of Interim Dividend, Payable on 11 September 2024 Acrel Co.,Ltd. announced implementation of 2024 interim profit distribution plan for A shares: Cash dividend/10 shares (tax included): CNY 1.00000000. Record date is 10 September 2024. Ex-date is 11 September 2024. Payment date is 11 September 2024. Announcement • Aug 29
Acrel Co.,Ltd. Announces Profit Distribution Proposal for the First Half of 2024 Acrel Co.,Ltd. announced on 28 August 2024 the profit distribution proposal for the first half of 2024, an interim cash dividend of CNY 1.00000000 per 10 shares (tax included) for the first half of 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.28 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.27 (down from CN¥0.28 in 2Q 2023). Revenue: CN¥288.7m (down 6.2% from 2Q 2023). Net income: CN¥55.4m (down 5.6% from 2Q 2023). Profit margin: 19% (in line with 2Q 2023). Revenue is forecast to grow 26% 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 increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Acrel Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Acrel Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥27.40, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 77% over the past three years. Upcoming Dividend • Apr 30
Upcoming dividend of CN¥0.30 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 07 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Chinese dividend payers (2.4%). Lower than average of industry peers (1.7%). Announcement • Apr 27
Acrel Co.,Ltd. Announces Final Cash Dividend (Tax Included) (A Shares) for 2023, Payable on 07 May 2024 Acrel Co.,Ltd. announced final cash dividend (tax included) (A shares) for 2023 of CNY 3.00000000 per 10 shares. The dividend will be payable on 07 May 2024 with record date of 06 May 2024 and Ex-date is 07 May 2024. Major Estimate Revision • Apr 05
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.67b to CN¥1.37b. EPS estimate fell from CN¥1.54 to CN¥1.22 per share. Net income forecast to grow 30% next year vs 47% growth forecast for Electrical industry in China. Consensus price target down from CN¥34.63 to CN¥30.92. Share price fell 5.3% to CN¥20.78 over the past week. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.95 (up from CN¥0.82 in FY 2022). Revenue: CN¥1.12b (up 10% from FY 2022). Net income: CN¥201.4m (up 18% from FY 2022). Profit margin: 18% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) also missed analyst estimates by 4.0%. Revenue is forecast to grow 20% 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 12% per year whereas the company’s share price has increased by 14% per year. Price Target Changed • Mar 31
Price target decreased by 13% to CN¥30.92 Down from CN¥35.40, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥21.95. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.82 last year. New Risk • Feb 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 8.4% 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 (8.4% average weekly change). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥18.81, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 58% over the past three years. Announcement • Dec 30
Acrel Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Acrel Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Price Target Changed • Oct 29
Price target decreased by 15% to CN¥35.40 Down from CN¥41.70, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥28.27. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥1.10 for next year compared to CN¥0.82 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.34 (up from CN¥0.20 in 3Q 2022). Revenue: CN¥337.5m (up 21% from 3Q 2022). Net income: CN¥73.4m (up 70% from 3Q 2022). Profit margin: 22% (up from 16% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 37% 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 increased by 12% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.28 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥307.7m (up 7.3% from 2Q 2022). Net income: CN¥58.6m (down 8.3% from 2Q 2022). Profit margin: 19% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% 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 increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 01
Acrel Co.,Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Acrel Co.,Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥37.35, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 261% over the past three years. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.16 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.16 in 1Q 2022). Revenue: CN¥230.2m (up 11% from 1Q 2022). Net income: CN¥41.8m (up 33% from 1Q 2022). Profit margin: 18% (up from 15% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.82 (vs CN¥0.84 in FY 2021) Full year 2022 results: EPS: CN¥0.82. Revenue: CN¥1.02b (flat on FY 2021). Net income: CN¥170.1m (flat on FY 2021). Profit margin: 17% (in line with FY 2021). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥42.70, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 306% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.21 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥278.9m (up 4.8% from 3Q 2021). Net income: CN¥43.1m (up 1.2% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.31 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.31. Revenue: CN¥286.9m (up 5.3% from 2Q 2021). Net income: CN¥63.9m (up 2.3% from 2Q 2021). Profit margin: 22% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 61%, compared to a 55% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥31.40, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 231% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥30.80, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 243% over the past three years. Announcement • May 06
Acrel Co.,Ltd. (SZSE:300286) announces an Equity Buyback for CNY 100 million worth of its shares. Acrel Co.,Ltd. (SZSE:300286) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The shares will be repurchase at a price not more than CNY 20 per share. The repurchased shares will be used for the later implementation of the equity incentive plan or employee stock ownership plan. The program will be valid for a period of 12 months. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥207.1m (up 3.4% from 1Q 2021). Net income: CN¥31.5m (up 2.4% from 1Q 2021). Profit margin: 15% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 55%, compared to a 52% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Announcement • Apr 27
Acrel Co.,Ltd. Announces 2020 Final Profit Distribution Plan (A Shares), Payable on 05 May 2022 Acrel Co.,Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of CNY 2.00000000 per 10 shares (tax included), with record date of 29 April 2022; ex-date of 05 May 2022 and payment date of 05 May 2022. Announcement • Apr 23
Acrel Co.,Ltd. Approves Cash Dividend for 2021 Acrel Co.,Ltd. approved the cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2021 in its Annual General Meeting of 2021 held on 21 April 2022. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥22.19, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 118% over the past three years. Announcement • Apr 02
Acrel Co.,Ltd., Annual General Meeting, Apr 21, 2022 Acrel Co.,Ltd., Annual General Meeting, Apr 21, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider Reappointment of 2022 audit firm; to consider 2021 annual report and its summary; to consider Purchase of low-risk wealth management products with idle proprietary funds; to consider 2022 application for credit line to banks and additional mortgages by the Company and its subsidiaries; and to consider other matters. Announcement • Apr 01
Acrel Co.,Ltd. Proposes Final Cash Dividend for 2021 Acrel Co.,Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2021. Reported Earnings • Mar 31
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥0.84 (up from CN¥0.60 in FY 2020). Revenue: CN¥1.02b (up 42% from FY 2020). Net income: CN¥170.1m (up 40% from FY 2020). Profit margin: 17% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 41%, compared to a 65% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥27.52, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Electrical industry in China. Total returns to shareholders of 170% over the past three years. Reported Earnings • Feb 28
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥0.84 (up from CN¥0.60 in FY 2020). Revenue: CN¥1.02b (up 42% from FY 2020). Net income: CN¥170.1m (up 40% from FY 2020). Profit margin: 17% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 41%, compared to a 60% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥28.48, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 47x in the Electrical industry in China. Total returns to shareholders of 250% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥30.60, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 45x in the Electrical industry in China. Total returns to shareholders of 276% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.22 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥266.0m (up 25% from 3Q 2020). Net income: CN¥42.6m (down 5.4% from 3Q 2020). Profit margin: 16% (down from 21% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥24.00, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 39x in the Electrical industry in China. Total returns to shareholders of 230% over the past three years. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.24 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥272.4m (up 38% from 2Q 2020). Net income: CN¥62.5m (up 29% from 2Q 2020). Profit margin: 23% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥18.12, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 36x in the Electrical industry in China. Total returns to shareholders of 104% over the past three years. Announcement • Jun 16
Acrel Co.,Ltd. (SZSE:300286) announces an Equity Buyback for CNY 100 million worth of its shares. Acrel Co.,Ltd. (SZSE:300286) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 worth of its Class A shares. The shares will be repurchased at a price not exceeding CNY 20 per share. The repurchases will be funded using the company's own funds. The shares repurchased will be used to implement employee stock ownership plans or equity incentive plans. The repurchase program will be valid for 12 months. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥15.95, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 31x in the Electrical industry in China. Total returns to shareholders of 62% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.09 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥200.4m (up 77% from 1Q 2020). Net income: CN¥30.8m (up 62% from 1Q 2020). Profit margin: 15% (down from 17% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.60 (vs CN¥0.54 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥718.7m (up 20% from FY 2019). Net income: CN¥121.4m (up 7.2% from FY 2019). Profit margin: 17% (down from 19% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Announcement • Feb 24
Acrel Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 26, 2021 Acrel Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 26, 2021 Is New 90 Day High Low • Jan 28
New 90-day low: CN¥13.90 The company is down 41% from its price of CN¥23.52 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 Electrical industry, which is up 27% over the same period. Reported Earnings • Jan 21
Full year 2020 earnings released: EPS CN¥0.60 The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥718.7m (up 20% from FY 2019). Net income: CN¥121.3m (up 7.1% from FY 2019). Profit margin: 17% (down from 19% in FY 2019). The decrease in margin was driven by higher expenses. 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 8% per year. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥14.54, the stock is trading at a trailing P/E ratio of 22.5x, down from the previous P/E ratio of 27.7x. This compares to an average P/E of 34x in the Electrical industry in China. Total returns to shareholders over the past three years are 31%. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥14.37 The company is down 11% from its price of CN¥16.14 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥17.91, the stock is trading at a trailing P/E ratio of 27.7x, up from the previous P/E ratio of 23.5x. This compares to an average P/E of 37x in the Electrical industry in China. Total returns to shareholders over the past three years are 55%. Valuation Update With 7 Day Price Move • Nov 12
Market pulls back on stock over the past week After last week's 21% share price decline to CN¥20.11, the stock is trading at a trailing P/E ratio of 31.1x, down from the previous P/E ratio of 39.3x. This compares to an average P/E of 39x in the Electrical industry in China. Total returns to shareholders over the past three years are 56%. Valuation Update With 7 Day Price Move • Nov 09
Market pulls back on stock over the past week After last week's 16% share price decline to CN¥22.66, the stock is trading at a trailing P/E ratio of 35x, down from the previous P/E ratio of 41.7x. This compares to an average P/E of 40x in the Electrical industry in China. Total returns to shareholders over the past three years are 69%. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 24% share price gain to CN¥25.40, the stock is trading at a trailing P/E ratio of 39.2x, up from the previous P/E ratio of 31.7x. This compares to an average P/E of 40x in the Electrical industry in China. Total returns to shareholders over the past three years are 95%. 
