Shenzhen Zhaowei Machinery & Electronics Co., Ltd.
XSEC:003021 Stock Report
Shenzhen Zhaowei Machinery & Electronics Balance Sheet Health
Financial Health criteria checks 6/6 Shenzhen Zhaowei Machinery & Electronics has a total shareholder equity of CN¥3.2B and total debt of CN¥40.2M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥4.0B and CN¥801.6M respectively. Shenzhen Zhaowei Machinery & Electronics's EBIT is CN¥140.3M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥1.1B.
Key information Interest coverage ratio -2.1x Cash CN¥1.07b Equity CN¥3.15b Total liabilities CN¥801.62m Total assets CN¥3.95b
Recent financial health updates
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Investor sentiment improves as stock rises 19% Nov 06
Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.23 in 3Q 2023) Oct 29
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Sep 30
Investor sentiment improves as stock rises 20% Sep 28
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.18 in 2Q 2023) Aug 28
New minor risk - Share price stability Jul 17
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Jun 29
Dividend increased to CN¥0.55 May 16
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. Implements Final Cash Dividend for 2023, Payable on 21 May 2024 May 15
First quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.17 in 1Q 2023) Apr 27
Shenzhen Zhaowei Machinery & Electronics Co., Ltd., Annual General Meeting, May 08, 2024 Apr 17
New minor risk - Dividend sustainability Apr 08
Full year 2023 earnings released: EPS: CN¥1.05 (vs CN¥0.88 in FY 2022) Apr 01
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Mar 30
Investor sentiment deteriorates as stock falls 16% Mar 27
Investor sentiment improves as stock rises 15% Feb 26
Investor sentiment improves as stock rises 22% Feb 12
New major risk - Share price stability Jan 27
Investor sentiment deteriorates as stock falls 15% Jan 23
Investor sentiment deteriorates as stock falls 17% Jan 08
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Dec 30
New minor risk - Earnings quality Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.28 in 3Q 2022) Oct 27
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.19 in 2Q 2022) Aug 22
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Jul 01
Investor sentiment deteriorates as stock falls 16% Jun 09
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on 11 May 2023 May 09
First quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.13 in 1Q 2022) Apr 28
Less than half of directors are independent Nov 16
Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.24 in 3Q 2021) Oct 28
Investor sentiment deteriorated over the past week Oct 01
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.25 in 2Q 2021) Aug 22
Investor sentiment improved over the past week Jul 29
Investor sentiment deteriorated over the past week Jul 05
Investor sentiment improved over the past week Jun 16
Investor sentiment improved over the past week Jun 02
Shenzhen Zhaowei Machinery & Electronic Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 1, 2022 May 27
Shenzhen Zhaowei Machinery & Electronic Co., Ltd. Approves Cash Dividend May 13
High number of new and inexperienced directors Apr 27
Shenzhen Zhaowei Machinery & Electronic Co., Ltd. Proposes Final Dividend for 2021 Apr 20
Full year 2021 earnings released: EPS: CN¥0.86 (vs CN¥1.86 in FY 2020) Apr 19
Investor sentiment deteriorated over the past week Mar 09
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Jan 23
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Jan 23
High number of new and inexperienced directors Dec 10
Financial Position Analysis
Short Term Liabilities: 003021's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥713.8M).
Long Term Liabilities: 003021's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥87.9M).
Debt to Equity History and Analysis
Debt Level: 003021 has more cash than its total debt.
Reducing Debt: 003021's debt to equity ratio has reduced from 7% to 1.3% over the past 5 years.
Debt Coverage: 003021's debt is well covered by operating cash flow (513.3%).
Interest Coverage: 003021 earns more interest than it pays, so coverage of interest payments is not a concern.
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