Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥47.94, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Machinery industry in China. Total returns to shareholders of 90% over the past three years. Announcement • Jul 01
ActBlue Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 ActBlue 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 18% After last week's 18% share price decline to CN¥71.91, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 142% over the past three years. Announcement • Jun 10
Actblue Co., Ltd. Announces Final Profit Distribution Plan on A Shares for 2025, Payable on 15 June 2026 ActBlue Co., Ltd. announced 2025 final profit distribution plan to be implemented on A shares Cash dividend/10 shares (tax included): CNY0.95238200 with Record date: 12 June 2026; Ex-date: 15 June 2026 and Payment date: 15 June 2026. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥83.41, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 199% over the past three years. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.25 (vs CN¥0.23 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.25 (up from CN¥0.23 in 1Q 2025). Revenue: CN¥324.3m (up 33% from 1Q 2025). Net income: CN¥19.9m (up 7.1% from 1Q 2025). Profit margin: 6.1% (down from 7.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% 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 90% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
ActBlue Co., Ltd., Annual General Meeting, May 18, 2026 ActBlue Co., Ltd., Annual General Meeting, May 18, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Chizhou, Anhui China Announcement • Mar 31
ActBlue Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 ActBlue Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥72.78, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 29x in the Machinery industry in China. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥59.99, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 27x in the Machinery industry in China. Total returns to shareholders of 128% over the past three years. Announcement • Dec 31
ActBlue Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 ActBlue Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Dec 26
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 7.1% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥48.80, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Machinery industry in China. Total returns to shareholders of 101% over the past three years. Board Change • Dec 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Director Rui Zhao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 17
Price target increased by 30% to CN¥48.40 Up from CN¥37.15, the current price target is provided by 1 analyst. New target price is 37% above last closing price of CN¥35.37. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥1.21 for next year compared to CN¥0.63 last year. Announcement • Sep 30
ActBlue Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 ActBlue Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Aug 30
Actblue Co., Ltd. Proposes 2025 Interim Profit Distribution Plan ActBlue Co., Ltd. at its EGM to be held on 15 September 2025, proposed 2025 interim profit distribution plan of Cash dividend/10 shares (tax included): CNY 0.25000000. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥39.58, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Machinery industry in China. Total returns to shareholders of 27% over the past three years. Announcement • Jul 02
ActBlue Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 ActBlue Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • May 13
Guangdong Nanchuan Private Fund Management Co., Ltd. cancelled the acquisition of 5% stake in ActBlue Co., Ltd. (SZSE:300816) from Liu Yi. Guangdong Nanchuan Private Fund Management Co., Ltd. agreed to acquire 5% stake in ActBlue Co., Ltd. (SZSE:300816) from Liu Yi for CNY 82.4 million on December 12, 2024. A cash consideration valued at CNY 20.61 per share will be paid by Guangdong Nanchuan Private Fund Management Co., Ltd. The funds have been raised from fund products. The transaction is subject to approval by regulatory board / committee.
Guangdong Nanchuan Private Fund Management Co., Ltd. cancelled the acquisition of 5% stake in ActBlue Co., Ltd. (SZSE:300816) from Liu Yi on May 12, 2025. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: CN¥0.63 (vs CN¥0.13 in FY 2023) Full year 2024 results: EPS: CN¥0.63 (up from CN¥0.13 in FY 2023). Revenue: CN¥946.5m (down 9.6% from FY 2023). Net income: CN¥49.9m (up 367% from FY 2023). Profit margin: 5.3% (up from 1.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 26
ActBlue Co., Ltd., Annual General Meeting, May 19, 2025 ActBlue Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chizhou, Anhui China New Risk • Apr 09
New major risk - Revenue and earnings growth Earnings have declined by 41% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 41% per year over the past 5 years. Announcement • Mar 31
ActBlue Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 ActBlue Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥39.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 17% over the past three years. New Risk • Feb 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 8.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥31.66, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Machinery industry in China. Total loss to shareholders of 32% over the past three years. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jan 04
Actblue Co., Ltd. Announces Third Quarter Cash Dividend on A Shares of Year 2024, Payable on 10 January 2025 ActBlue Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY0.64000000 on A shares of year 2024. Record date is 9 January 2025. Ex-date is 10 January 2025. Payment date is 10 January 2025. Announcement • Dec 31
ActBlue Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 ActBlue Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥25.56, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥22.72, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 54% over the past three years. Announcement • Sep 30
ActBlue Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 ActBlue Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Announcement • Jun 29
ActBlue Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 ActBlue Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 24
ActBlue Co., Ltd., Annual General Meeting, May 14, 2024 ActBlue Co., Ltd., Annual General Meeting, May 14, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chizhou, Anhui China Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.13 loss in FY 2022) Full year 2023 results: EPS: CN¥0.13 (up from CN¥0.13 loss in FY 2022). Revenue: CN¥1.05b (up 28% from FY 2022). Net income: CN¥10.7m (up CN¥21.2m from FY 2022). Profit margin: 1.0% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. New Risk • Apr 20
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. 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 (11% average weekly change). Announcement • Mar 30
ActBlue Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 ActBlue Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 New Risk • Feb 05
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 6.7% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Dec 30
ActBlue Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 ActBlue Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.048 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.009 (up from CN¥0.048 loss in 3Q 2022). Revenue: CN¥240.2m (up 33% from 3Q 2022). Net income: CN¥726.4k (up CN¥4.68m from 3Q 2022). Profit margin: 0.3% (up from net loss in 3Q 2022). Revenue is forecast to grow 48% 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, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
ActBlue Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 ActBlue Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Price Target Changed • Sep 02
Price target decreased by 11% to CN¥31.83 Down from CN¥35.93, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥26.74. Stock is up 3.4% over the past year. The company is forecast to post earnings per share of CN¥1.22 next year compared to a net loss per share of CN¥0.13 last year. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.085 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.085 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥264.6m (up 29% from 2Q 2022). Net income: CN¥6.95m (down 29% from 2Q 2022). Profit margin: 2.6% (down from 4.8% in 2Q 2022). Revenue is forecast to grow 48% 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, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: CN¥0.13 loss per share (down from CN¥0.87 profit in FY 2021). Revenue: CN¥816.4m (down 5.7% from FY 2021). Net loss: CN¥10.5m (down 115% from profit in FY 2021). Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 30% 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 fallen by 49% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to CN¥29.35 Down from CN¥62.77, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥30.49. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥0.87 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Non-Employee Supervisor Liang Qin is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Major Estimate Revision • Nov 09
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.27b to CN¥1.16b. EPS estimate also fell from CN¥1.40 per share to CN¥1.11 per share. Net income forecast to grow 333% next year vs 62% growth forecast for Machinery industry in China. Consensus price target of CN¥34.85 unchanged from last update. Share price was steady at CN¥23.01 over the past week. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.048 loss per share (vs CN¥0.08 profit in 3Q 2021) Third quarter 2022 results: CN¥0.048 loss per share (down from CN¥0.08 profit in 3Q 2021). Revenue: CN¥180.5m (down 15% from 3Q 2021). Net loss: CN¥3.95m (down 161% from profit in 3Q 2021). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.23 in 2Q 2021). Revenue: CN¥205.7m (up 2.2% from 2Q 2021). Net income: CN¥9.83m (down 47% from 2Q 2021). Profit margin: 4.8% (down from 9.3% in 2Q 2021). Over the next year, revenue is forecast to grow 105%, compared to a 36% growth forecast for the Machinery industry in China. Announcement • Jul 02
ActBlue Co., Ltd. Announces 2021 Final Distribution Plan to Be Implemented (A Shares), Payable on July 6, 2022 ActBlue Co., Ltd. announced 2021 final distribution plan to be implemented (A shares) of CNY1.74000000 per 10 shares (tax included): with Record date: 05 July 2022; Ex-date: 06 July 2022; and Payment date: 06 July 2022.ActBlue Co., Ltd. announced 2019 final distribution plan to be implemented (A shares) of CNY 2.60000000 per 10 shares (tax included): with Record date: 08 July 2020; Ex-date: 09 July 2020; and Payment date: 09 July 2020. Announcement • May 19
ActBlue Co., Ltd. Approves Cash Dividend for 2021 ActBlue Co., Ltd., at the AGM held on 16 May 2022 approved Cash dividend/10 shares (tax included) of CNY 1.74000000 for 2021. Major Estimate Revision • May 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥2.91 to CN¥1.91. Revenue forecast unchanged from CN¥1.53b at last update. Net income forecast to grow 254% next year vs 44% growth forecast for Machinery industry in China. Consensus price target down from CN¥62.77 to CN¥37.57. Share price fell 8.5% to CN¥24.89 over the past week. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.39 in 1Q 2021). Revenue: CN¥230.2m (up 23% from 1Q 2021). Net income: CN¥13.0m (down 58% from 1Q 2021). Profit margin: 5.6% (down from 17% in 1Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 43%, compared to a 30% growth forecast for the industry in China. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Non-Employee Supervisor Liang Qin is the most experienced director on the board, commencing their role in 2021. 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 26
ActBlue Co., Ltd. Proposes Final Cash Dividend for the Year 2021 ActBlue Co., Ltd. proposed final cash dividend per ten shares (tax included) of CNY 1.74000000 for the year 2021. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥33.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Machinery industry in China. Total loss to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥47.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Machinery industry in China. Total loss to shareholders of 38% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.37 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥211.3m (up 45% from 3Q 2020). Net income: CN¥6.46m (down 78% from 3Q 2020). Profit margin: 3.1% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses. Announcement • Sep 02
ActBlue Co., Ltd. (SZSE:300816) completed the acquisition of Vitesco Technologies Faulquemont SAS from Vitesco Technologies Lohmar Verwaltungs GmbH. ActBlue Co., Ltd. (SZSE:300816) signed a sale option agreement to acquire Vitesco Technologies Faulquemont SAS from Vitesco Technologies Lohmar Verwaltungs GmbH for €18 million on March 1, 2021. ActBlue Co., Ltd. signed a share purchase agreement to acquire Vitesco Technologies Faulquemont SAS from Vitesco Technologies Lohmar Verwaltungs GmbH on April 6, 2021. For the year ended December 31, 2021, Vitesco Technologies Faulquemont SAS had total assets of €22.244 million, net assets of €6.1374 million, revenues of €34.286 million, earnings before interest and tax of €0.0734 and net loss of €0.0279. The transaction has been approved in the 18th meeting of ActBlue Co., Ltd.’s 2nd Directorate held on March 1, 2021 and does not require shareholder approval. ActBlue Co., Ltd., held the nineteenth meeting of the 2nd board of directors and the 16th meeting of the 2nd board of supervisors on March 2, 2021, and reviewed and approved the "Regarding Adjustments to the Company and Related Parties to Purchase 100% equity of VT Faulquemont" Motion." ActBlue Co., Ltd., now will purchase 100% equity of Vitesco Technologies Faulquemont SAS alone. Anne Fréchette-Kerbrat, Christine d'Ovidio, Berengere Tosani, Yanis Aldin, Lorraine Raimbert-Nusse, Anne-Laure Braquehaye and Alexandre Lacresse of Fidal and Thomas Weidlich, Philipp Dietz, Falco Rohrberg, Markus Sengpiel, Volker Steimle, Philip Lazare, and Ni Ningjun of Luther acted as legal advisors for ActBlue in the transaction.
ActBlue Co., Ltd. (SZSE:300816) completed the acquisition of Vitesco Technologies Faulquemont SAS from Vitesco Technologies Lohmar Verwaltungs GmbH on August 31, 2021. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥66.30, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Machinery industry in China. Total loss to shareholders of 34% over the past year. Price Target Changed • Aug 28
Price target increased to CN¥128 Up from CN¥113, the current price target is an average from 3 analysts. New target price is 59% above last closing price of CN¥80.88. Stock is down 17% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.47 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¥201.3m (up 11% from 2Q 2020). Net income: CN¥18.7m (down 51% from 2Q 2020). Profit margin: 9.3% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥94.28, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 22x in the Machinery industry in China. Total returns to shareholders of 3.7% over the past year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.27 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¥187.7m (up 59% from 1Q 2020). Net income: CN¥31.1m (up 43% from 1Q 2020). Profit margin: 17% (down from 18% in 1Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥82.59, the stock is trading at a trailing P/E ratio of 51.6x, up from the previous P/E ratio of 43.7x. This compares to an average P/E of 35x in the Machinery industry in China. Total returns to shareholders over the past year are 77%. Announcement • Mar 03
ActBlue Plans to Buy Firm in Germany, Acquire Other Assets ActBlue Co., Ltd. (SZSE:300816) said it plans to buy VT Technologies Faulquemont from Vitesco Technologies Lohmar Verwaltungs Gmbh for up to €18 million ($21.69 million), acquire other assets. Announcement • Feb 25
ActBlue Co., Ltd., Annual General Meeting, Mar 16, 2021 ActBlue Co., Ltd., Annual General Meeting, Mar 16, 2021, at 14:00 China Standard Time. Agenda: To consider 2020 annual report and its summary; to consider 2020 work report of the board of director; to consider 2020 work report of the supervisory committee; to consider 2020 annual accounts; to consider 2020 profit distribution plan; to consider reappointment of 2021 audit firm; to consider application for comprehensive credit line to banks by the Company and subsidiaries; to consider remuneration plan for directors and supervisors; to consider purchase of wealth management products with some idle raised funds and proprietary funds; and t consider other matters. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS CN¥1.60 (vs CN¥1.72 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥677.1m (up 20% from FY 2019). Net income: CN¥125.4m (up 21% from FY 2019). Profit margin: 19% (in line with FY 2019). Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings miss expectations Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 98%, compared to a 26% growth forecast for the Machinery industry in China. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥72.37 The company is down 17% from its price of CN¥87.40 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.33 per share. Announcement • Jan 22
ActBlue Co., Ltd. to Report Fiscal Year 2020 Results on Feb 24, 2021 ActBlue Co., Ltd. announced that they will report fiscal year 2020 results on Feb 24, 2021 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥85.75, the stock is trading at a trailing P/E ratio of 57.3x, up from the previous P/E ratio of 49.6x. This compares to an average P/E of 34x in the Machinery industry in China. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥72.79 The company is down 13% from its price of CN¥84.01 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: CN¥103 The company is up 6.0% from its price of CN¥97.82 on 01 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 22% share price gain to CN¥99.19, the stock is trading at a trailing P/E ratio of 66.3x, up from the previous P/E ratio of 54.3x. This compares to an average P/E of 40x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 17% share price gain to CN¥89.19, the stock is trading at a trailing P/E ratio of 59.6x, up from the previous P/E ratio of 50.9x. This compares to an average P/E of 41x in the Machinery industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥112.1m, up 12% from the prior year. Total revenue was CN¥600.3m over the last 12 months, up 17% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥74.85 The company is down 9.0% from its price of CN¥82.50 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Announcement • Jul 22
ActBlue Co., Ltd. to Report First Half, 2020 Results on Aug 15, 2020 ActBlue Co., Ltd. announced that they will report first half, 2020 results on Aug 15, 2020 
