Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥25.71, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 49x in the Machinery industry in China. Total returns to shareholders of 24% over the past three years. Declared Dividend • Jul 02
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 7th July 2026 Payment date: 7th July 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Hiecise Precision Equipment Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Hiecise Precision Equipment Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.71, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 50x in the Machinery industry in China. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥31.05, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 53x in the Machinery industry in China. Total returns to shareholders of 43% over the past three years. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xiaqing Ge was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 25
Hiecise Precision Equipment Co.,Ltd., Annual General Meeting, May 15, 2026 Hiecise Precision Equipment Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Announcement • Mar 31
Hiecise Precision Equipment Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Hiecise Precision Equipment Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Hiecise Precision Equipment Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Hiecise Precision Equipment Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Announcement • Oct 29
Hiecise Precision Equipment Co.,Ltd. Proposes Cash Dividend (Tax Included) for the Third Quarter 2025 Hiecise Precision Equipment Co.,Ltd. announced that at its Extraordinary General Meeting of 2025 to be held on 12 November 2025, the company proposed Cash dividend (tax included) for the third quarter 2025 of CNY 0.20000000 per 10 shares. Announcement • Sep 30
Hiecise Precision Equipment Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Hiecise Precision Equipment Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Hiecise Precision Equipment Co.,Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Hiecise Precision Equipment Co.,Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Apr 25
Hiecise Precision Equipment Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Hiecise Precision Equipment Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2024. Announcement • Apr 24
Hiecise Precision Equipment Co.,Ltd., Annual General Meeting, May 14, 2025 Hiecise Precision Equipment Co.,Ltd., Annual General Meeting, May 14, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Announcement • Mar 31
Hiecise Precision Equipment Co.,Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Hiecise Precision Equipment Co.,Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Hiecise Precision Equipment Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Hiecise Precision Equipment Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.041 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥68.3m (down 33% from 3Q 2023). Net income: CN¥10.4m (down 76% from 3Q 2023). Profit margin: 15% (down from 42% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥21.92, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥23.11, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 23% over the past year. Announcement • Sep 30
Hiecise Precision Equipment Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Hiecise Precision Equipment Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Announcement • Sep 11
Hiecise Precision Equipment Co.,Ltd. Approves Interim Cash Dividend for the 2024 Hiecise Precision Equipment Co.,Ltd. at its EGM held on September 9, 2024 approved interim cash dividend of CNY 0.20000000 per 10 shares (tax included) for the 2024. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.15 in 2Q 2023). Revenue: CN¥99.8m (down 31% from 2Q 2023). Net income: CN¥20.5m (down 47% from 2Q 2023). Profit margin: 21% (down from 27% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xiaqing Ge was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Hiecise Precision Equipment Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Hiecise Precision Equipment Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 14
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (19% 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 decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 16
First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.06 in 1Q 2023). Revenue: CN¥124.6m (up 21% from 1Q 2023). Net income: CN¥27.1m (up 81% from 1Q 2023). Profit margin: 22% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in China. Announcement • Apr 13
Hiecise Precision Equipment Co.,Ltd., Annual General Meeting, May 07, 2024 Hiecise Precision Equipment Co.,Ltd., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Announcement • Mar 30
Hiecise Precision Equipment Co.,Ltd. to Report Q1, 2024 Results on Apr 13, 2024 Hiecise Precision Equipment Co.,Ltd. announced that they will report Q1, 2024 results on Apr 13, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥21.82, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 152% over the past three years. Board Change • Feb 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Hui Huang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 24
Hiecise Precision Equipment Co.,Ltd. Announces Management Changes Hiecise Precision Equipment Co.,Ltd. held its 1st Extraordinary General Meeting of 2024 on 22 January 2024, during which the following proposal(s) was/were approved the election of Ge Xiaqing, independent director. Election and nomination of non-employee supervisors, cumulative voting system applicable, Wang Mingxia, non-employee supervisor, Huang Hui, non-employee supervisor. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.15, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 160% over the past three years. Announcement • Dec 29
Hiecise Precision Equipment Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 Hiecise Precision Equipment Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥29.36, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 32x in the Machinery industry in China. Total returns to shareholders of 169% over the past three years. Reported Earnings • Oct 12
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.022 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.022 loss in 3Q 2022). Revenue: CN¥101.4m (up 19% from 3Q 2022). Net income: CN¥42.5m (up CN¥48.0m from 3Q 2022). Profit margin: 42% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Hiecise Precision Equipment Co.,Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Hiecise Precision Equipment Co.,Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.014 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.014 in 2Q 2022). Revenue: CN¥145.3m (up 108% from 2Q 2022). Net income: CN¥38.6m (up CN¥34.9m from 2Q 2022). Profit margin: 27% (up from 5.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.094 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.094 in 1Q 2022). Revenue: CN¥102.8m (up 19% from 1Q 2022). Net income: CN¥15.0m (down 37% from 1Q 2022). Profit margin: 15% (down from 28% in 1Q 2022). The decrease in margin was driven by higher expenses. Board Change • Mar 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Yueqin Gu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
