Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.41, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Machinery industry in China. Total loss to shareholders of 56% over the past three years. Declared Dividend • Jul 01
Dividend of CN¥0.033 announced Shareholders will receive a dividend of CN¥0.033. Ex-date: 3rd July 2026 Payment date: 3rd July 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 172% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
J.S. Corrugating Machinery Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 J.S. Corrugating Machinery Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Board Change • Jun 01
Insufficient new 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. 4 highly experienced directors. Independent Director Duojiao Tan was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 25
J.S. Corrugating Machinery Co., Ltd., Annual General Meeting, May 19, 2026 J.S. Corrugating Machinery Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Announcement • Mar 31
J.S. Corrugating Machinery Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 J.S. Corrugating Machinery Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
J.S. Corrugating Machinery Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 J.S. Corrugating Machinery Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Announcement • Sep 30
J.S. Corrugating Machinery Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 J.S. Corrugating Machinery Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Announcement • Jul 02
J.S. Corrugating Machinery Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 J.S. Corrugating Machinery Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Announcement • Apr 26
J.S. Corrugating Machinery Co., Ltd., Annual General Meeting, May 20, 2025 J.S. Corrugating Machinery Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Announcement • Mar 31
J.S. Corrugating Machinery Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 J.S. Corrugating Machinery Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
J.S. Corrugating Machinery Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 J.S. Corrugating Machinery Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥16.30, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Machinery industry in China. Total returns to shareholders of 19% over the past three years. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.088 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.088 in 3Q 2023). Revenue: CN¥2.67b (up 73% from 3Q 2023). Net income: CN¥162.8m (up 201% from 3Q 2023). Profit margin: 6.1% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.35, 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 17% over the past three years. Announcement • Sep 30
J.S. Corrugating Machinery Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 J.S. Corrugating Machinery 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 15% After last week's 15% share price gain to CN¥11.30, 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 15% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.29 in 2Q 2023). Revenue: CN¥1.96b (down 5.9% from 2Q 2023). Net income: CN¥140.0m (down 27% from 2Q 2023). Profit margin: 7.2% (down from 9.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 06
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to CN¥11.17. The fair value is estimated to be CN¥9.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Announcement • Jun 29
J.S. Corrugating Machinery Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 J.S. Corrugating Machinery Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Announcement • Jun 24
J.S. Corrugating Machinery Co., Ltd. Announces Final Cash Dividend Plan on A Shares for 2023, Payable on June 28, 2024 J.S. Corrugating Machinery Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY0.87000000. Record date is June 27, 2024. Ex-date is June 28, 2024. Payment date is June 28, 2024. Announcement • Apr 27
J.S. Corrugating Machinery Co., Ltd. Proposes Final Dividend for 2023 J.S. Corrugating Machinery Co., Ltd. announced on 25 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.87000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.09 in 1Q 2023). Revenue: CN¥2.03b (up 53% from 1Q 2023). Net income: CN¥130.1m (up 144% from 1Q 2023). Profit margin: 6.4% (up from 4.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
J.S. Corrugating Machinery Co., Ltd., Annual General Meeting, May 16, 2024 J.S. Corrugating Machinery Co., Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Announcement • Mar 30
J.S. Corrugating Machinery Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 J.S. Corrugating Machinery Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.21, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥17.03, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Machinery industry in China. Total returns to shareholders of 117% over the past three years. Announcement • Dec 29
J.S. Corrugating Machinery Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 J.S. Corrugating Machinery Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.088 (vs CN¥0.081 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.088 (up from CN¥0.081 in 3Q 2022). Revenue: CN¥1.55b (up 89% from 3Q 2022). Net income: CN¥54.1m (up 1.8% from 3Q 2022). Profit margin: 3.5% (down from 6.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
J.S. Corrugating Machinery Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 J.S. Corrugating Machinery Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥2.08b (up 66% from 2Q 2022). Net income: CN¥190.9m (up 66% from 2Q 2022). Profit margin: 9.2% (in line with 2Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Board Change • May 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Director Lin Qing Liu was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥18.40, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Machinery industry in China. Total returns to shareholders of 213% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.26 in FY 2021) Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.26 in FY 2021). Revenue: CN¥4.87b (up 19% from FY 2021). Net income: CN¥301.9m (up 107% from FY 2021). Profit margin: 6.2% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be CN¥31.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 94%. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.47, the stock trades at a trailing P/E ratio of 72.1x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 354% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.081 (vs CN¥0.054 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.081 (up from CN¥0.054 in 3Q 2021). Revenue: CN¥816.3m (up 6.9% from 3Q 2021). Net income: CN¥53.2m (up 63% from 3Q 2021). Profit margin: 6.5% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be CN¥21.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 72%. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.96, the stock trades at a trailing P/E ratio of 61.6x. Average trailing P/E is 34x in the Machinery industry in China. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥19.42, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 167% over the past three years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.09 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.09 in 2Q 2021). Revenue: CN¥1.25b (up 20% from 2Q 2021). Net income: CN¥114.9m (up 138% from 2Q 2021). Profit margin: 9.2% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥13.71, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 63% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.12 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.12 in 1Q 2021). Revenue: CN¥1.04b (up 14% from 1Q 2021). Net income: CN¥33.0m (down 48% from 1Q 2021). Profit margin: 3.2% (down from 7.0% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. Non-Independent Director Shi Zhou was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.054 (vs CN¥0.06 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥763.8m (down 6.6% from 3Q 2020). Net income: CN¥32.6m (down 3.7% from 3Q 2020). Profit margin: 4.3% (up from 4.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.084 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¥1.04b (up 49% from 2Q 2020). Net income: CN¥48.3m (up 20% from 2Q 2020). Profit margin: 4.6% (down from 5.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥15.28, the stock trades at a trailing P/E ratio of 77.3x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥14.20, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.55, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 22% over the past three years. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.03 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥912.9m (up 60% from 1Q 2020). Net income: CN¥63.5m (up 280% from 1Q 2020). Profit margin: 7.0% (up from 2.9% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥0.98 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.06b (up 36% from FY 2019). Net income: CN¥60.9m (up CN¥578.4m from FY 2019). Profit margin: 2.0% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 06
New 90-day low: CN¥6.56 The company is down 3.0% from its price of CN¥6.73 on 06 November 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥10.16 The company is up 63% from its price of CN¥6.22 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: CN¥7.25 The company is up 12% from its price of CN¥6.46 on 09 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: CN¥6.88 The company is up 2.0% from its price of CN¥6.73 on 20 August 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 1.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.06 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥817.6m (up 52% from 3Q 2019). Net income: CN¥33.8m (up 166% from 3Q 2019). Profit margin: 4.1% (up from 2.4% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 109% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.