Buy Or Sell Opportunity • Jul 14
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to CN¥8.43. The fair value is estimated to be CN¥6.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 9.7%. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥10.52, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 32x in the Construction industry in China. Total loss to shareholders of 7.9% over the past three years. Announcement • Jun 30
China CAMC Engineering Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 China CAMC Engineering Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥12.25, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 34x in the Construction industry in China. Total returns to shareholders of 12% over the past three years. New Risk • May 28
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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 20x cash flows per share). Large one-off items impacting financial results. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Li Zhi Zhao was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
China CAMC Engineering Co., Ltd., Annual General Meeting, May 22, 2026 China CAMC Engineering Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: 10F, Tower A, No. 3, Danleng Street, Haidian District, Beijing China Announcement • Mar 31
China CAMC Engineering Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 China CAMC Engineering Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
China CAMC Engineering Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 China CAMC Engineering Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Announcement • Sep 30
China CAMC Engineering Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 China CAMC Engineering Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 02
China CAMC Engineering Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 China CAMC Engineering Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Jun 05
China CAMC Engineering Co., Ltd. Approves Cash Dividend for 2024 China CAMC Engineering Co., Ltd. at its Annual General Meeting held on 30 May 2025 approved cash dividend of CNY 1.25000000 per 10 shares (tax included) for 2024. Announcement • May 09
China CAMC Engineering Co., Ltd., Annual General Meeting, May 30, 2025 China CAMC Engineering Co., Ltd., Annual General Meeting, May 30, 2025, at 14:00 China Standard Time. Location: 10F, Tower A, No. 3, Danleng Street, Haidian District, Beijing China Announcement • Mar 31
China CAMC Engineering Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 China CAMC Engineering Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
China CAMC Engineering Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 China CAMC Engineering Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.061 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.041 (down from CN¥0.061 in 3Q 2023). Revenue: CN¥3.11b (down 8.8% from 3Q 2023). Net income: CN¥51.7m (down 33% from 3Q 2023). Profit margin: 1.7% (down from 2.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
China CAMC Engineering Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 China CAMC Engineering Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.66, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 17% over the past three years. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (in line with 2Q 2023). Revenue: CN¥3.14b (up 32% from 2Q 2023). Net income: CN¥154.8m (flat on 2Q 2023). Profit margin: 4.9% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 29
China CAMC Engineering Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 China CAMC Engineering Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.09 (in line with 1Q 2023). Revenue: CN¥2.36b (down 15% from 1Q 2023). Net income: CN¥116.9m (flat on 1Q 2023). Profit margin: 4.9% (up from 4.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.27 in FY 2022) Full year 2023 results: EPS: CN¥0.29 (up from CN¥0.27 in FY 2022). Revenue: CN¥12.4b (up 27% from FY 2022). Net income: CN¥360.5m (up 7.9% from FY 2022). Profit margin: 2.9% (down from 3.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 08
China CAMC Engineering Co., Ltd., Annual General Meeting, Apr 29, 2024 China CAMC Engineering Co., Ltd., Annual General Meeting, Apr 29, 2024, at 14:00 China Standard Time. Location: 10F, Tower A, No. 3, Danleng Street, Haidian District, Beijing China Announcement • Mar 30
China CAMC Engineering Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 China CAMC Engineering Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥8.22, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 31% over the past three years. Announcement • Dec 30
China CAMC Engineering Co., Ltd. to Report Fiscal Year 2023 Results on Apr 08, 2024 China CAMC Engineering Co., Ltd. announced that they will report fiscal year 2023 results on Apr 08, 2024 Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.069 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.069 in 3Q 2022). Revenue: CN¥3.41b (up 48% from 3Q 2022). Net income: CN¥77.5m (down 4.1% from 3Q 2022). Profit margin: 2.3% (down from 3.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Oct 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman Bo Wang is the most experienced director on the board, commencing their role in 2020. Independent Director Xuhong Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥2.38b (down 4.1% from 2Q 2022). Net income: CN¥155.3m (down 11% from 2Q 2022). Profit margin: 6.5% (down from 7.0% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.52, the stock trades at a trailing P/E ratio of 41.2x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 59% over the past three years. Announcement • Jun 29
China Camc Engineering Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 5, 2023 China CAMC Engineering Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.20000000 on A shares for the year 2022. Record date is July 4, 2023. Ex-date is July 5, 2023. Payment date is July 5, 2023. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.92, the stock trades at a trailing P/E ratio of 42.5x. Average forward P/E is 12x in the Construction industry in China. Total returns to shareholders of 83% over the past three years. Buying Opportunity • Apr 25
Now 20% undervalued Over the last 90 days, the stock is up 61%. The fair value is estimated to be CN¥16.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has declined by 60%. Revenue is forecast to grow by 20% in a year. Earnings is forecast to decline by 0.5% in the next year. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥13.75, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 14x in the Construction industry in China. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.43, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 29% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Director Guoqiang Li is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.069 (vs CN¥0.06 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.069 (up from CN¥0.06 in 3Q 2021). Revenue: CN¥2.31b (up 2.2% from 3Q 2021). Net income: CN¥80.8m (up 21% from 3Q 2021). Profit margin: 3.5% (up from 3.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.069 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.069 in 2Q 2021). Revenue: CN¥2.48b (up 3.4% from 2Q 2021). Net income: CN¥174.4m (up 80% from 2Q 2021). Profit margin: 7.0% (up from 4.0% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥9.92, the stock trades at a trailing P/E ratio of 42.5x. Average forward P/E is 10x in the Construction industry in China. Total loss to shareholders of 15% over the past three years. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.06 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.06 (vs CN¥0.06 in 1Q 2021). Revenue: CN¥2.56b (up 53% from 1Q 2021). Net income: CN¥74.3m (up 9.2% from 1Q 2021). Profit margin: 2.9% (down from 4.1% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Independent Director Changyin Ge is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.23 (vs CN¥0.07 loss in FY 2020) Full year 2021 results: EPS: CN¥0.23 (up from CN¥0.07 loss in FY 2020). Revenue: CN¥8.64b (up 8.5% from FY 2020). Net income: CN¥282.4m (up CN¥366.3m from FY 2020). Profit margin: 3.3% (up from net loss in FY 2020). Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the industry in China. 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 • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.03 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.26b (up 22% from 3Q 2020). Net income: CN¥66.9m (up 54% from 3Q 2020). Profit margin: 3.0% (up from 2.4% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Board Change • Sep 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 4 experienced directors. No highly experienced directors. Independent Director Changyin Ge is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.069 (vs CN¥0.048 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.40b (up 25% from 2Q 2020). Net income: CN¥96.7m (up 56% from 2Q 2020). Profit margin: 4.0% (up from 3.2% in 2Q 2020). Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.67b (up 4.1% from 1Q 2020). Net income: CN¥68.1m (up 200% from 1Q 2020). Profit margin: 4.1% (up from 1.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 08
Full year 2020 earnings released: CN¥0.07 loss per share (vs CN¥0.85 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥7.97b (down 25% from FY 2019). Net loss: CN¥83.8m (down 108% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥6.39 The company is down 7.0% from its price of CN¥6.84 on 04 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.39 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥6.76 The company is down 8.0% from its price of CN¥7.33 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Construction industry, which is also down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.39 per share. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥7.19 The company is down 9.0% from its price of CN¥7.94 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.09 per share. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥425.9m, down 61% from the prior year. Total revenue was CN¥8.34b over the last 12 months, down 24% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 25
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 19% at CN¥1.85b. Revenue is forecast to grow 47% over the next year, compared to a 17% growth forecast for the Construction industry in China. 
