Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥171, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Construction industry in China. Total returns to shareholders of 1,052% over the past three years. Buy Or Sell Opportunity • Jul 01
Now 24% undervalued Over the last 90 days, the stock has risen 44% to CN¥258. The fair value is estimated to be CN¥337, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 149% in 2 years. Earnings are forecast to grow by 147% in the next 2 years. Announcement • Jun 30
L&K Engineering (Suzhou) Co.,Ltd. to Report First Half, 2026 Results on Jul 31, 2026 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report first half, 2026 results on Jul 31, 2026 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥255, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Construction industry in China. Total returns to shareholders of 1,607% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥325 per share. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥147, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Construction industry in China. Total returns to shareholders of 896% over the past three years. 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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Director Yufang Bai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 30
L&K Engineering (Suzhou) Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Mar 12
L&K Engineering (Suzhou) Co.,Ltd., Annual General Meeting, Apr 07, 2026 L&K Engineering (Suzhou) Co.,Ltd., Annual General Meeting, Apr 07, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Dec 26
L&K Engineering (Suzhou) Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 13, 2026 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 13, 2026 Announcement • Sep 30
L&K Engineering (Suzhou) Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
L&K Engineering (Suzhou) Co.,Ltd. to Report First Half, 2025 Results on Jul 25, 2025 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report first half, 2025 results on Jul 25, 2025 Announcement • Mar 28
L&K Engineering (Suzhou) Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Mar 14
L&K Engineering (Suzhou) Co.,Ltd., Annual General Meeting, Apr 08, 2025 L&K Engineering (Suzhou) Co.,Ltd., Annual General Meeting, Apr 08, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Announcement • Dec 27
L&K Engineering (Suzhou) Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.95 (vs CN¥0.72 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.95 (up from CN¥0.72 in 3Q 2023). Revenue: CN¥1.57b (up 77% from 3Q 2023). Net income: CN¥201.7m (up 31% from 3Q 2023). Profit margin: 13% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 40% 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 21% After last week's 21% share price gain to CN¥25.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Construction industry in China. Total returns to shareholders of 149% over the past three years. Announcement • Sep 30
L&K Engineering (Suzhou) Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: CN¥0.56 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.56 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥1.75b (up 188% from 2Q 2023). Net income: CN¥120.5m (up 190% from 2Q 2023). Profit margin: 6.9% (up from 6.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
L&K Engineering (Suzhou) Co.,Ltd. to Report First Half, 2024 Results on Aug 01, 2024 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report first half, 2024 results on Aug 01, 2024 Buy Or Sell Opportunity • Apr 30
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 62% to CN¥27.44. The fair value is estimated to be CN¥22.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.55 (vs CN¥0.15 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.55 (up from CN¥0.15 in 1Q 2023). Revenue: CN¥1.10b (up 240% from 1Q 2023). Net income: CN¥116.8m (up 258% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). 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 43% per year, which means it is significantly lagging earnings growth. New Risk • Apr 24
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 11% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥25.26, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 19x in the Construction industry in China. Total returns to shareholders of 150% over the past three years. Board Change • Apr 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. 5 experienced directors. No highly experienced directors. Independent Director Jason Lin was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Mar 29
L&K Engineering (Suzhou) Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 13
L&K Engineering (Suzhou) Co.,Ltd., Annual General Meeting, Apr 02, 2024 L&K Engineering (Suzhou) Co.,Ltd., Annual General Meeting, Apr 02, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Suzhou Industrial Park, Jiangsu China Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: CN¥1.34 (vs CN¥0.71 in FY 2022) Full year 2023 results: EPS: CN¥1.34 (up from CN¥0.71 in FY 2022). Revenue: CN¥3.20b (up 5.3% from FY 2022). Net income: CN¥286.9m (up 91% from FY 2022). Profit margin: 9.0% (up from 5.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 109% 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 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥16.90, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 22x in the Construction industry in China. Total returns to shareholders of 88% over the past three years. Announcement • Dec 30
L&K Engineering (Suzhou) Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 12, 2024 L&K Engineering (Suzhou) Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 12, 2024 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to CN¥23.50, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 25x in the Construction industry in China. Total returns to shareholders of 80% over the past three years. New Risk • Oct 27
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 6.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.72 (vs CN¥0.21 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.72 (up from CN¥0.21 in 3Q 2022). Revenue: CN¥884.4m (up 5.2% from 3Q 2022). Net income: CN¥154.4m (up 245% from 3Q 2022). Profit margin: 18% (up from 5.3% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.098 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.098 in 2Q 2022). Revenue: CN¥608.6m (up 4.8% from 2Q 2022). Net income: CN¥41.6m (up 145% from 2Q 2022). Profit margin: 6.8% (up from 2.9% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: CN¥0.71 (vs CN¥0.12 in FY 2021) Full year 2022 results: EPS: CN¥0.71 (up from CN¥0.12 in FY 2021). Revenue: CN¥3.04b (up 37% from FY 2021). Net income: CN¥150.5m (up CN¥125.6m from FY 2021). Profit margin: 5.0% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% 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 • Nov 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥15.16, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 24x in the Construction industry in China. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥14.25, the stock trades at a trailing P/E ratio of 41.1x. Average trailing P/E is 23x in the Construction industry in China. Total returns to shareholders of 1.6% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.065 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.065 in 3Q 2021). Revenue: CN¥840.8m (up 57% from 3Q 2021). Net income: CN¥44.8m (up 223% from 3Q 2021). Profit margin: 5.3% (up from 2.6% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% 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. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥13.88, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 23x in the Construction industry in China. Total returns to shareholders of 1.0% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: CN¥0.098 (vs CN¥0.055 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.098 (up from CN¥0.055 in 2Q 2021). Revenue: CN¥580.4m (down 15% from 2Q 2021). Net income: CN¥17.0m (up 40% from 2Q 2021). Profit margin: 2.9% (up from 1.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be CN¥12.11, 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. Meanwhile, the company has become profitable. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.12 (vs CN¥0.15 loss in FY 2020) Full year 2021 results: EPS: CN¥0.12 (up from CN¥0.15 loss in FY 2020). Revenue: CN¥2.21b (up 138% from FY 2020). Net income: CN¥24.9m (up CN¥57.9m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.065 (vs CN¥0.04 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥534.4m (up 188% from 3Q 2020). Net income: CN¥13.9m (up CN¥22.0m from 3Q 2020). Profit margin: 2.6% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.05 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥682.3m (up 393% from 2Q 2020). Net income: CN¥12.1m (up 12% from 2Q 2020). Profit margin: 1.8% (down from 7.8% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • May 05
First quarter 2021 earnings released: CN¥0.04 loss per share (vs CN¥0.06 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥297.7m (up 110% from 1Q 2020). Net loss: CN¥8.22m (loss narrowed 32% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2020 earnings released: CN¥0.15 loss per share (vs CN¥0.47 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥929.4m (down 50% from FY 2019). Net loss: CN¥32.9m (down 133% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥10.61 The company is down 19% from its price of CN¥13.12 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥10.65 The company is down 26% from its price of CN¥14.43 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥12.40 The company is down 20% from its price of CN¥15.44 on 18 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is down 5.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥4.81m, down 96% from the prior year. Total revenue was CN¥1.04b over the last 12 months, down 38% from the prior year. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥13.12 The company is down 18% from its price of CN¥16.04 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 Construction industry, which is down 3.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥14.01 The company is down 20% from its price of CN¥17.44 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 4.0% over the same period. 
