Announcement • Jun 30
Zhejiang Extek Technology Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Zhejiang Extek Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 Declared Dividend • May 20
Dividend of CN¥0.11 announced Shareholders will receive a dividend of CN¥0.11. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and 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 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control. However, EPS has declined by 23% over the last 5 years so the company would need to reverse this trend. Board Change • May 20
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. 8 experienced directors. 2 highly experienced directors. Accounting Supervisor, Chief Financial Officer & Vice Chairman Guangming Wang was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 21
Zhejiang Extek Technology Co., Ltd., Annual General Meeting, May 11, 2026 Zhejiang Extek Technology Co., Ltd., Annual General Meeting, May 11, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huzhou, Zhejiang China Announcement • Mar 31
Zhejiang Extek Technology Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Zhejiang Extek Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Announcement • Dec 31
Zhejiang Extek Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Zhejiang Extek Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Announcement • Sep 30
Zhejiang Extek Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Zhejiang Extek Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Zhejiang Extek Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Zhejiang Extek Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • May 24
Zhejiang Extek Technology Co., Ltd. Announces Final Cash Dividend on A Shares for 2024, Payable on 29 May 2025 Zhejiang Extek Technology Co., Ltd. announced cash dividend of CNY 3.00000000 per 10 A shares (tax included) for 2024. Record date: 28 May 2025; Ex-date: 29 May 2025 and Payment date: 29 May 2025. Announcement • Apr 29
Zhejiang Extek Technology Co., Ltd., Annual General Meeting, May 19, 2025 Zhejiang Extek Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Announcement • Mar 31
Zhejiang Extek Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Extek Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Feb 25
Zhejiang Extek Technology Co., Ltd. (SZSE:301399) signed a letter of intent to acquire an additional 3.78% stake in HAINING AFL Electric Appliances Co.,Ltd. from Haining Ailing Investment Partnership Enterprise (Limited Partnership) and Haining Yuanxiang Investment Partnership Enterprise (Limited Partnership) for CNY 14.5 million Zhejiang Extek Technology Co., Ltd. (SZSE:301399) signed a letter of intent to acquire an additional 3.78% stake in HAINING AFL Electric Appliances Co.,Ltd. from Haining Ailing Investment Partnership Enterprise (Limited Partnership) and Haining Yuanxiang Investment Partnership Enterprise (Limited Partnership) for CNY 14.5 million on October 22, 2024. A cash consideration of CNY 14.51 million will be paid by Zhejiang Extek Technology Co., Ltd. As part of consideration, CNY 14.51 million is paid towards common equity of HAINING AFL Electric Appliances Co.,Ltd.
As of September 30, 2024, HAINING AFL Electric Appliances Co.,Ltd. reported total assets of CNY 321.69 million and total common equity of CNY 153.13 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Announcement • Dec 31
Zhejiang Extek Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Zhejiang Extek Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥131.3m (down 23% from 3Q 2023). Net income: CN¥13.8m (down 58% from 3Q 2023). Profit margin: 11% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. 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¥20.98, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 27% over the past year. Buy Or Sell Opportunity • Oct 09
Now 24% undervalued Over the last 90 days, the stock has risen 7.9% to CN¥21.28. The fair value is estimated to be CN¥28.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last year. Earnings per share has declined by 39%. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥21.97, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 29x in the Machinery industry in China. Total loss to shareholders of 28% over the past year. Announcement • Sep 30
Zhejiang Extek Technology Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Zhejiang Extek Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.26 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.26 in 2Q 2023). Revenue: CN¥136.5m (flat on 2Q 2023). Net income: CN¥17.7m (down 35% from 2Q 2023). Profit margin: 13% (down from 20% in 2Q 2023). Announcement • Jun 29
Zhejiang Extek Technology Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Zhejiang Extek Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.39, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 31x in the Machinery industry in China. New Risk • Apr 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 103% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Paying a dividend despite having no free cash flows. High level of non-cash earnings (31% accrual ratio). Announcement • Apr 24
Zhejiang Extek Technology Co., Ltd., Annual General Meeting, May 13, 2024 Zhejiang Extek Technology Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huzhou, Zhejiang China Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.20 in 1Q 2023). Revenue: CN¥86.8m (down 12% from 1Q 2023). Net income: CN¥10.6m (down 18% from 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥27.50, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 28x in the Machinery industry in China. Announcement • Mar 30
Zhejiang Extek Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Zhejiang Extek Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥37.66, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 30x in the Machinery industry in China. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥29.09, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 26x in the Machinery industry in China. Buy Or Sell Opportunity • Feb 20
Now 27% overvalued Over the last 90 days, the stock has fallen 38% to CN¥26.05. The fair value is estimated to be CN¥20.46, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 17%. New Risk • Feb 08
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 7.6% 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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (282% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥25.56, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 26x in the Machinery industry in China. Announcement • Dec 30
Zhejiang Extek Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Zhejiang Extek Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.38. Net income: CN¥33.2m (up CN¥33.2m from 3Q 2022). Announcement • Sep 10
Zhejiang Extek Technology Co., Ltd. Announces Board Elections Zhejiang Extek Technology Co., Ltd. announced that at tis Extraordinary General Meeting held on 07 September 2023, approved the election of Chen Haiping and Zhu Shengmin as non-independent directors; Li Junming, Shao Naiyu and Jin Yuehua as independent directors; and Zhang Xiaochun and Huang Junan as non-employee supervisors. Announcement • Sep 05
Zhejiang Extek Technology Co., Ltd. Announces Interim Profit Distribution Plan to Be Implemented (A Shares), Payable on 08 September 2023 Zhejiang Extek Technology Co., Ltd. announced 2023 interim profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 07 September 2023; Ex-date: 08 September 2023; Payment date: 08 September 2023. Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥45.15, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 33x in the Machinery industry in China. Announcement • Aug 23
Zhejiang Extek Technology Co., Ltd. Approves Cash Dividend Zhejiang Extek Technology Co., Ltd. at the Extraordinary General Meeting of 2023 held on 21 August 2023 approved cash dividend per 10 shares (tax included) of CNY 7.00000000. Announcement • Aug 04
Zhejiang Extek Technology Co., Ltd. Proposes Cash Dividend for the First Half of 2023 Zhejiang Extek Technology Co., Ltd. proposed cash dividend per 10 shares (tax included) of CNY 7.00000000 for the first half of 2023. Reported Earnings • Aug 03
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.37. Net income: CN¥27.1m (up CN¥27.1m from 2Q 2022). 
