Announcement • Mar 31
Canny Elevator Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Canny Elevator Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Mar 26
Canny Elevator Co., Ltd., Annual General Meeting, Apr 17, 2026 Canny Elevator Co., Ltd., Annual General Meeting, Apr 17, 2026, at 14:30 China Standard Time. Location: No. 888, Kangli Avenue, Fenhu Hi-tech Industrial Development Zone, Suzhou, Jiangsu China Announcement • Dec 31
Canny Elevator Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Canny Elevator Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Sep 30
Canny Elevator Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Canny Elevator Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Canny Elevator Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Canny Elevator Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 22
Canny Elevator Co., Ltd. Approves Final Cash Dividend for the Year 2024 Canny Elevator Co., Ltd. at its AGM held on April 18, 2025, approved a final cash dividend of CNY 3.00000000 per 10 shares (tax included) for the year 2024. Announcement • Mar 31
Canny Elevator Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Canny Elevator Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 28
Canny Elevator Co., Ltd., Annual General Meeting, Apr 18, 2025 Canny Elevator Co., Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Dec 31
Canny Elevator Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Canny Elevator Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.02b (down 17% from 3Q 2023). Net income: CN¥105.9m (down 12% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue is forecast to grow 1.5% 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 fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Announcement • Sep 30
Canny Elevator Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Canny Elevator Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.24, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 9.8% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥1.09b (down 20% from 2Q 2023). Net income: CN¥122.1m (down 14% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to stay flat 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 fallen by 11% per year whereas the company’s share price has fallen by 16% per year. Announcement • Jun 29
Canny Elevator Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Canny Elevator Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Buy Or Sell Opportunity • May 21
Now 22% undervalued Over the last 90 days, the stock has risen 2.2% to CN¥6.95. The fair value is estimated to be CN¥8.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to decline by 7.1% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Declared Dividend • May 16
Dividend increased to CN¥0.35 Dividend of CN¥0.35 is 40% higher than last year. Ex-date: 21st May 2024 Payment date: 21st May 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (84% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.067 (vs CN¥0.11 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.067 (down from CN¥0.11 in 1Q 2023). Revenue: CN¥765.4m (down 16% from 1Q 2023). Net income: CN¥53.8m (down 39% from 1Q 2023). Profit margin: 7.0% (down from 9.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat 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 fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Announcement • Mar 30
Canny Elevator Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Canny Elevator Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 28
Canny Elevator Co., Ltd., Annual General Meeting, Apr 23, 2024 Canny Elevator Co., Ltd., Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fenhu High-tech Zone, Jiangsu China Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.35 in FY 2022) Full year 2023 results: EPS: CN¥0.46 (up from CN¥0.35 in FY 2022). Revenue: CN¥5.04b (down 1.6% from FY 2022). Net income: CN¥365.1m (up 33% from FY 2022). Profit margin: 7.3% (up from 5.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat 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 fallen by 15% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥5.73, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Machinery industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Dec 30
Canny Elevator Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Canny Elevator Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.10 in 3Q 2022). Revenue: CN¥1.22b (down 18% from 3Q 2022). Net income: CN¥120.8m (up 53% from 3Q 2022). Profit margin: 9.9% (up from 5.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.2% 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 fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥1.37b (down 1.9% from 2Q 2022). Net income: CN¥142.2m (up 60% from 2Q 2022). Profit margin: 10% (up from 6.4% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% 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 fallen by 12% per year whereas the company’s share price has fallen by 11% per year. Announcement • May 13
Canny Elevator Co., Ltd. Approves Board Appointments Canny Elevator Co., Ltd. at its Extraordinary General Meeting held on 11 May 2023, approved election of Zhu Linhao, Wu Xian and Qiang Yongchang as non-independent directors and election of Geng Chengxuan as independent director. Upcoming Dividend • May 04
Upcoming dividend of CN¥0.25 per share at 2.9% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.9%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.5%). Reported Earnings • Mar 30
Full year 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.52 in FY 2021) Full year 2022 results: EPS: CN¥0.35 (down from CN¥0.52 in FY 2021). Revenue: CN¥5.11b (down 1.1% from FY 2021). Net income: CN¥274.3m (down 32% from FY 2021). Profit margin: 5.4% (down from 7.8% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥1.50b (up 9.2% from 3Q 2021). Net income: CN¥79.0m (down 18% from 3Q 2021). Profit margin: 5.3% (down from 7.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.20 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.20 in 2Q 2021). Revenue: CN¥1.40b (up 3.0% from 2Q 2021). Net income: CN¥88.8m (down 45% from 2Q 2021). Profit margin: 6.4% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.8%, compared to a 37% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • May 02
Upcoming dividend of CN¥0.30 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Chinese dividend payers (2.3%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.047 (vs CN¥0.075 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.047 (down from CN¥0.075 in 1Q 2021). Revenue: CN¥941.5m (up 7.1% from 1Q 2021). Net income: CN¥36.9m (down 37% from 1Q 2021). Profit margin: 3.9% (down from 6.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.1%, compared to a 31% growth forecast for the 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 fallen by 8% 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. Supervisor Linghua Zhu is the most experienced director on the board, commencing their role in 2020. 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 31
Full year 2021 earnings released: EPS: CN¥0.52 (vs CN¥0.62 in FY 2020) Full year 2021 results: EPS: CN¥0.52 (down from CN¥0.62 in FY 2020). Revenue: CN¥5.17b (up 21% from FY 2020). Net income: CN¥405.5m (down 16% from FY 2020). Profit margin: 7.8% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 1.1% compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.04 per share. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.26 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.37b (up 5.8% from 3Q 2020). Net income: CN¥96.4m (down 52% from 3Q 2020). Profit margin: 7.0% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% 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 26
Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.21 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¥1.36b (up 9.0% from 2Q 2020). Net income: CN¥159.8m (down 1.2% from 2Q 2020). Profit margin: 12% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 30
Upcoming dividend of CN¥0.30 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 07 May 2021. Trailing yield: 4.7%. Within top quartile of Chinese dividend payers (1.8%). Higher than average of industry peers (1.5%). Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.075 (vs CN¥0.007 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥879.2m (up 69% from 1Q 2020). Net income: CN¥58.5m (up CN¥52.8m from 1Q 2020). Profit margin: 6.7% (up from 1.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.32 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.28b (up 17% from FY 2019). Net income: CN¥485.6m (up 93% from FY 2019). Profit margin: 11% (up from 6.9% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥9.52 The company is down 11% from its price of CN¥10.64 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¥22.48 per share. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥10.59 The company is down 16% from its price of CN¥12.57 on 28 August 2020. The Chinese market is down 3.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.13 per share. Analyst Estimate Surprise Post Earnings • Oct 28
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 16% at CN¥1.30b. Revenue is forecast to grow 8.9% over the next year, compared to a 50% growth forecast for the Machinery industry in China. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥418.6m, up 168% from the prior year. Total revenue was CN¥4.00b over the last 12 months, up 13% from the prior year.