New Risk • Apr 24
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 95% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 95% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Announcement • Mar 31
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.084 (vs CN¥0.083 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.084 (up from CN¥0.083 in 3Q 2024). Revenue: CN¥57.4m (flat on 3Q 2024). Net income: CN¥11.5m (up 1.5% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Sep 30
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.041 (vs CN¥0.039 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.041 (up from CN¥0.039 in 2Q 2024). Revenue: CN¥60.8m (up 11% from 2Q 2024). Net income: CN¥7.12m (up 20% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 02
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 New Risk • May 26
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% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 11x cash flows per share). Declared Dividend • May 18
Dividend increased to CN¥0.18 Dividend of CN¥0.18 is 20% higher than last year. Ex-date: 20th May 2025 Payment date: 20th May 2025 Dividend yield will be 0.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (dividend approximately 11x free cash flows). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 26% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.21 in FY 2023) Full year 2024 results: EPS: CN¥0.27 (up from CN¥0.21 in FY 2023). Revenue: CN¥230.5m (up 49% from FY 2023). Net income: CN¥41.7m (up 30% from FY 2023). Profit margin: 18% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Apr 11
Tianqin Equipment Proposes Final Cash Dividend for 2024 Tianqin Equipment proposed on April 10, 2025 the final profit distribution of CNY 1.80000000 Cash dividend per ten shares (tax included) for 2024. Announcement • Apr 10
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd., Annual General Meeting, May 08, 2025 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd., Annual General Meeting, May 08, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qinhuangdao, Hebei China New Risk • Apr 09
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 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 16% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Announcement • Mar 31
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥17.85, the stock trades at a trailing P/E ratio of 67.2x. Average trailing P/E is 68x in the Aerospace & Defense industry in China. Total loss to shareholders of 14% over the past three years. Announcement • Dec 31
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2025 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.083 (vs CN¥0.081 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.083 (up from CN¥0.081 in 3Q 2023). Revenue: CN¥57.0m (up 32% from 3Q 2023). Net income: CN¥11.3m (up 15% from 3Q 2023). Profit margin: 20% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥14.52, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 67x in the Aerospace & Defense industry in China. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.039 (vs CN¥0.002 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.039 (up from CN¥0.002 in 2Q 2023). Revenue: CN¥54.9m (up 232% from 2Q 2023). Net income: CN¥5.91m (up CN¥5.53m from 2Q 2023). Profit margin: 11% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Jul 27
Danjiangkou Chouqin Fulai Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 5.9252% stake in Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (SZSE:300922) from Song Jinsuo. Danjiangkou Chouqin Fulai Enterprise Management Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 5.9252% stake in Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (SZSE:300922) from Song Jinsuo for CNY 110 million on May 16, 2024. The transfer price will be at CNY 11.50 per share. The consideration will be paid in the following installments - first installment of CNY 22 minion, second installment of CNY 10 million and final installment of CNY 73.8 million will be paid within 365 days after both the buyer and the seller completes the transfer of the target shares under the buyer’s name in China Securities Depository and Clearing Corporation Limited Shenzhen branch. The transaction still requires the compliance confirmation from Shenzhen Stock Exchange before the transfer procedures for the share transfer agreement can be processed in China Securities Depository and Clearing Corporation Limited Shenzhen branch.
Danjiangkou Chouqin Fulai Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 5.9252% stake in Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (SZSE:300922) from Song Jinsuo on July 25, 2024. Announcement • Jun 29
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 06
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% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.76, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 57x in the Aerospace & Defense industry in China. Total loss to shareholders of 52% over the past three years. Buy Or Sell Opportunity • Jun 04
Now 21% undervalued Over the last 90 days, the stock has risen 15% to CN¥14.05. The fair value is estimated to be CN¥17.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 50%. Declared Dividend • May 17
Dividend increased to CN¥0.15 Dividend of CN¥0.15 is 50% higher than last year. Ex-date: 22nd May 2024 Payment date: 22nd May 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 24% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years. Announcement • May 16
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Announces Cash Dividend of A Share for the Year 2023, Payable on May 22, 2024 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced cash dividend/10 shares (tax included) of CNY 1.50000000 of A share for the year 2023. Record date is May 21, 2024. Ex-date is May 22, 2024. Payment date is May 22, 2024. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued Over the last 90 days, the stock has risen 8.7% to CN¥13.76. The fair value is estimated to be CN¥17.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 50%. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥38.5m (up 41% from 1Q 2023). Net income: CN¥10.0m (up 26% from 1Q 2023). Profit margin: 26% (down from 29% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Apr 24
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 13% 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. 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 13% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.17 in FY 2022) Full year 2023 results: EPS: CN¥0.21 (up from CN¥0.17 in FY 2022). Revenue: CN¥154.6m (up 4.5% from FY 2022). Net income: CN¥32.2m (up 20% from FY 2022). Profit margin: 21% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. 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 20% per year, which means it has not declined as severely as earnings. Announcement • Apr 10
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd., Annual General Meeting, May 10, 2024 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qinhuangdao, Hebei China Announcement • Mar 30
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 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 7.7% 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: Major Risks Earnings have declined by 10% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (16% net profit margin). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to CN¥9.65, the stock trades at a trailing P/E ratio of 69.7x. Average trailing P/E is 45x in the Aerospace & Defense industry in China. Total loss to shareholders of 58% over the past three years. Announcement • Jan 30
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (SZSE:300922) announces an Equity Buyback for CNY 24 million worth of its shares. Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. (SZSE:300922) announces a share repurchase program. Under the program, the company will repurchase up to CNY 24 million worth of its shares. The shares will be repurchased at no more than CNY 16.5 per share. The purpose of the program is to safeguard the company's value and shareholders' rights. If the repurchased shares failed to be sold, it will be cancelled. The program will be funded from company's own funds. The plan will be valid for 2 months. Announcement • Dec 29
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 10, 2024 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 10, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.081 (vs CN¥0.03 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.081 (up from CN¥0.03 in 3Q 2022). Revenue: CN¥43.1m (up 36% from 3Q 2022). Net income: CN¥9.85m (up 109% from 3Q 2022). Profit margin: 23% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.056 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.002 (down from CN¥0.056 in 2Q 2022). Revenue: CN¥16.6m (down 56% from 2Q 2022). Net income: CN¥380.2k (down 96% from 2Q 2022). Profit margin: 2.3% (down from 23% in 2Q 2022). Announcement • Jul 18
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Approves Executive Elections Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. approved election of Li Yang as non-independent directors; Han Shumin as independent directors; Qin Ying as non-employee supervisors at the Extraordinary General Meeting held on 14 July 2023. Announcement • May 17
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 23 May 2023 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.00000000 for the year 2022, payable on 23 May 2023. Record date is 22 May 2023. Ex-date is 23 May 2023. Announcement • May 13
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Approves Cash Dividend for 2022 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that at its AGM held on 9 May 2023, approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.51 in FY 2021) Full year 2022 results: EPS: CN¥0.17 (down from CN¥0.51 in FY 2021). Revenue: CN¥147.9m (down 39% from FY 2021). Net income: CN¥26.9m (down 67% from FY 2021). Profit margin: 18% (down from 34% in FY 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥18.14, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 68x in the Aerospace & Defense industry in China. Total loss to shareholders of 26% over the past year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Qing Bin Zhu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥31.6m (down 31% from 3Q 2021). Net income: CN¥4.71m (down 71% from 3Q 2021). Profit margin: 15% (down from 35% in 3Q 2021). Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.056 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.056 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥37.3m (down 45% from 2Q 2021). Net income: CN¥8.73m (down 65% from 2Q 2021). Profit margin: 23% (down from 37% in 2Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥21.64, the stock trades at a trailing P/E ratio of 45.3x. Average trailing P/E is 64x in the Aerospace & Defense industry in China. Total loss to shareholders of 26% over the past year. Announcement • May 21
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Announces Final Dividend on A Share for the Year 2021, Payable on 26 May 2022 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 3.50000000 on A shares for the year 2021. Record date is 25 May 2022. Ex-date is 26 May 2022. Payment date is 26 May 2022. Announcement • May 19
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Approves Cash Dividend for 2021 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. its Annual General Meeting of 2021 on 17 May 2022 approved Cash dividend of CNY 3.50000000 per 10 shares (tax included) for 2021. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 24
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd., Annual General Meeting, May 17, 2022 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd., Annual General Meeting, May 17, 2022, at 14:30 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; to consider Reappointment of 2022 audit firm; to consider 2022 remuneration plan for directors; to consider 2022 remuneration plan for supervisors; to consider Authorization to the board to handle matters regarding the share offering to specific parties via a simplified procedure; and to consider other matter also. Announcement • Apr 23
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. proposed final cash dividend of CNY 3.50000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.15 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥45.6m (down 21% from 3Q 2020). Net income: CN¥16.1m (up 6.5% from 3Q 2020). Profit margin: 35% (up from 26% in 3Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥43.26, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 64x in the Aerospace & Defense industry in China. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥36.31, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 69x in the Aerospace & Defense industry in China. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥43.86, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 72x in the Aerospace & Defense industry in China. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥48.96, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 71x in the Aerospace & Defense industry in China. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥38.59, the stock trades at a trailing P/E ratio of 48.2x. Average trailing P/E is 65x in the Aerospace & Defense industry in China. Announcement • May 14
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on 19 May 2021 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced final cash dividend (tax included) of CNY 3.50000000 per 10 shares (A shares) for the year 2020. The dividend is payable on 19 May 2021 to shareholders on record of 18 May 2021 with ex-date as 19 May 2021. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.77 (vs CN¥0.63 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥230.2m (up 8.2% from FY 2019). Net income: CN¥64.4m (up 23% from FY 2019). Profit margin: 28% (up from 25% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥38.06, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 58x in the Aerospace & Defense industry in China. Announcement • Mar 09
Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 16, 2021 Qinhuangdao Tianqin Equipment Manufacturing Co.,Ltd. announced that they will report fiscal year 2020 results on Apr 16, 2021 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥38.96, the stock is trading at a trailing P/E ratio of 52.9x, down from the previous P/E ratio of 68.3x. This compares to an average P/E of 72x in the Aerospace & Defense industry in China. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥47.88, the stock is trading at a trailing P/E ratio of 65.8x, up from the previous P/E ratio of 49.2x. This compares to an average P/E of 36x in the Chemicals industry in China. 
