Announcement • Jun 30
Mesnac Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Mesnac Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Announcement • Jun 05
Mesnac Co., Ltd. Implements Profit Distribution Plan of A Shares for 2025, Payable on 08 June 2026 Mesnac Co., Ltd. implemented final profit distribution plan of A shares for 2025 of Cash dividend/10 shares (tax included): CNY 0.20000000, Record date: 05 June 2026; Ex-date: 08 June 2026; and Payment date: 08 June 2026. Declared Dividend • Jun 05
Dividend of CN¥0.02 announced Shareholders will receive a dividend of CN¥0.02. Ex-date: 8th June 2026 Payment date: 8th June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but not covered by cash flows (dividend approximately 20x free cash flows). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 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. 9 experienced directors. 1 highly experienced director. Chairman of the Supervisory Board Xiumei Zhang 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 02
Mesnac Co., Ltd., Annual General Meeting, Apr 24, 2026 Mesnac Co., Ltd., Annual General Meeting, Apr 24, 2026, at 14:00 China Standard Time. Location: No. 43, Zhengzhou Road, Qingdao, Shandong China Announcement • Mar 31
Mesnac Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Mesnac Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Mesnac Co., Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2026 Mesnac Co., Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2026 Announcement • Sep 30
Mesnac Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Mesnac Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Aug 23
Mesnac Co., Ltd. Proposes Interim Cash Dividend for the First Half of 2025 Mesnac Co., Ltd. announced on 20 August 2025 the profit distribution proposal for the first half of 2025 as follows: Interim cash dividend/10 shares (tax included): CNY 0.50000000. Announcement • Jul 02
Mesnac Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Mesnac Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Announcement • Apr 25
Mesnac Co., Ltd. Proposes Final Cash Dividend for 2024 Mesnac Co., Ltd. announced on 23 April 2025 the profit distribution proposal for 2024 as follows: Final Cash dividend (tax included): CNY 1.00000000 per ten shares. Announcement • Apr 23
Mesnac Co., Ltd., Annual General Meeting, May 19, 2025 Mesnac Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: No. 43, Zhengzhou Road, Qingdao, Shandong China Announcement • Mar 31
Mesnac Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Mesnac Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Dec 31
Mesnac Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 Mesnac Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.31, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 6.3% over the past three years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥1.65b (up 34% from 3Q 2023). Net income: CN¥151.4m (up 32% from 3Q 2023). Profit margin: 9.2% (down from 9.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥8.17, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 29x in the Machinery industry in China. Total returns to shareholders of 60% over the past three years. Announcement • Sep 30
Mesnac Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Mesnac Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.079 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.079 in 2Q 2023). Revenue: CN¥1.76b (up 41% from 2Q 2023). Net income: CN¥123.6m (up 62% from 2Q 2023). Profit margin: 7.0% (up from 6.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Mesnac Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Mesnac Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Declared Dividend • Jun 05
Dividend increased to CN¥0.10 Dividend of CN¥0.10 is 117% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (25% 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 26% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • May 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Supervisory Board Xiumei Zhang was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥8.28, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 31x in the Machinery industry in China. Total returns to shareholders of 81% over the past three years. Announcement • Apr 03
Mesnac Co., Ltd., Annual General Meeting, May 17, 2024 Mesnac Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: No. 43, Zhengzhou Road, Qingdao, Shandong China Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.21 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.21 in FY 2022). Revenue: CN¥5.65b (down 1.5% from FY 2022). Net income: CN¥333.1m (up 64% from FY 2022). Profit margin: 5.9% (up from 3.5% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Mesnac Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Mesnac Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 New Risk • Mar 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥4.51, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 25x in the Machinery industry in China. Total returns to shareholders of 12% over the past three years. Announcement • Dec 29
Mesnac Co., Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Mesnac Co., Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.072 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.072 in 3Q 2022). Revenue: CN¥1.24b (up 13% from 3Q 2022). Net income: CN¥114.5m (up 67% from 3Q 2022). Profit margin: 9.3% (up from 6.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.079 (vs CN¥0.04 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.079 (up from CN¥0.04 in 2Q 2022). Revenue: CN¥1.25b (down 26% from 2Q 2022). Net income: CN¥76.5m (up 102% from 2Q 2022). Profit margin: 6.1% (up from 2.3% in 2Q 2022). The increase in margin was driven by lower expenses. 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 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.21 (up from CN¥0.15 in FY 2021). Revenue: CN¥5.74b (up 5.2% from FY 2021). Net income: CN¥202.7m (up 43% from FY 2021). Profit margin: 3.5% (up from 2.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.08, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 33x in the Machinery industry in China. Total returns to shareholders of 48% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-Independent Director & Supervisor Yao Zhang is the most experienced director on the board, commencing their role in 2019. 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 28
Third quarter 2022 earnings released: EPS: CN¥0.072 (vs CN¥0.05 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.072 (up from CN¥0.05 in 3Q 2021). Revenue: CN¥1.09b (down 26% from 3Q 2021). Net income: CN¥68.4m (up 43% from 3Q 2021). Profit margin: 6.3% (up from 3.3% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.029 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (up from CN¥0.029 in 2Q 2021). Revenue: CN¥1.68b (up 34% from 2Q 2021). Net income: CN¥37.8m (up 40% from 2Q 2021). Profit margin: 2.3% (up from 2.2% 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 101% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥7.30, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 35x in the Machinery industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.011 (vs CN¥0.007 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.011 (up from CN¥0.007 in 1Q 2021). Revenue: CN¥1.24b (up 107% from 1Q 2021). Net income: CN¥10.7m (up 61% from 1Q 2021). Profit margin: 0.9% (down from 1.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-Independent Director Qingwu Fan is the most experienced director on the board, commencing their role in 2019. 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 • Mar 16
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.15 (up from CN¥0.10 in FY 2020). Revenue: CN¥5.43b (up 76% from FY 2020). Net income: CN¥141.2m (up 48% from FY 2020). Profit margin: 2.6% (down from 3.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Over the last 3 years on average, earnings per share has increased by 114% 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 • Nov 09
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥8.79, the stock trades at a trailing P/E ratio of 52.9x. Average trailing P/E is 37x in the Machinery industry in China. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 32% share price gain to CN¥8.18, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 36x in the Machinery industry in China. Total returns to shareholders of 78% over the past three years. Reported Earnings • Oct 20
Third quarter 2021 earnings released: EPS CN¥0.05 (vs CN¥0.012 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.47b (up 103% from 3Q 2020). Net income: CN¥47.8m (up 201% from 3Q 2020). Profit margin: 3.3% (up from 2.2% in 3Q 2020). 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 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥5.20, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 35x in the Machinery industry in China. Total loss to shareholders of 4.4% over the past three years. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.047 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥1.26b (up 68% from 2Q 2020). Net income: CN¥27.1m (down 37% from 2Q 2020). Profit margin: 2.2% (down from 5.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.084 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.08b (up 7.6% from FY 2019). Net income: CN¥96.5m (up 24% from FY 2019). Profit margin: 3.1% (up from 2.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥4.02 The company is down 1.0% from its price of CN¥4.08 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. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥4.52 The company is up 9.0% from its price of CN¥4.14 on 25 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 2.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.96 The company is down 11% from its price of CN¥4.46 on 31 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 Machinery industry, which is up 4.0% over the same period.