Reported Earnings • Aug 06
Full year 2025 earnings released: CN¥0.83 loss per share (vs CN¥0.48 profit in FY 2024) Full year 2025 results: CN¥0.83 loss per share (down from CN¥0.48 profit in FY 2024). Revenue: CN¥1.85b (down 35% from FY 2024). Net loss: CN¥188.3m (down 299% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year whereas the company’s share price has fallen by 55% per year. Announcement • Aug 06
Shanghai Supezet Engineering Technology Corp., Ltd., Annual General Meeting, Aug 26, 2026 Shanghai Supezet Engineering Technology Corp., Ltd., Annual General Meeting, Aug 26, 2026, at 14:00 China Standard Time. Location: No. 258, Tongxie Road, Xinjing Town, Changning District, Shanghai China Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥2.31, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 39x in the Machinery industry in China. Total loss to shareholders of 92% over the past three years. New Risk • Jul 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥624.7m (US$92.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shares are highly illiquid. Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥624.7m market cap, or US$92.2m). Board Change • Jul 07
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 Zheng Kai was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 30
Shanghai Supezet Engineering Technology Corp., Ltd. to Report First Half, 2026 Results on Aug 31, 2026 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report first half, 2026 results on Aug 31, 2026 Announcement • May 12
Vary Tech, Evonik and Supezet Launch Full-Chain Chemical Recycling Package for Waste Plastics to High-Quality Ppo and Circular Naphtha Vary Tech, a global leader in solid waste resource utilization, together with Evonik and SupeZET, officially launched a full-industry chain process package for chemically recycling waste plastics into high-quality Plastic Pyrolysis Oil (PPO) and circular naphtha. The core technology is Vary Tech's oxygen-free pyrolysis, developed over 20 years and six iterations. With a single-unit capacity of 150 tons/day and over 8,000 operating hours annually, it ensures high front-end stability. The PPO then enters Evonik's proprietary Rocket module for upgrading and impurity removal, followed by SupeZET's advanced hydrogenation and fractionation for deep refining. The complete chain — feedstock pretreatment, continuous pyrolysis, deep purification, and product offtake — directly outputs circular naphtha and high-quality PPO meeting international petrochemical standards. This ensures seamless entry into global petrochemical and low-carbon fuel supply chains, removing technical barriers to the high-end circular economy. As the core engine, Vary Tech's oxygen-free pyrolysis technology offers broad feedstock compatibility. Beyond waste plastics, it has been applied to waste tires, oil sludge, industrial hazardous waste, medical waste, and new energy solid waste, with over 100 commercial pyrolysis lines delivered globally. While building chemical recycling, Vary Tech also leads in mechanical recycling. Leveraging 16 years of self-operated plant experience and its "high-end equipment manufacturing + industrial operation" dual-drive model, Vary Tech showcased its AI-powered intelligent home appliance dismantling system at the exhibition. Achieving 200 units per hour — a global efficiency record — the system delivers high-purity separation of all e-waste categories. Vary Tech has empowered Haier, TCL, and Midea, providing green recycling services for over 130 million obsolete appliances worldwide. From mechanical to chemical recycling, Vary Tech is integrating global supply chain resources to deliver scalable, economical, and sustainable technical solutions for global climate action and circular economy goals. Announcement • Mar 30
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Announcement • Sep 30
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Shanghai Supezet Engineering Technology Corp., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • May 29
Shanghai Supezet Engineering Technology Corp., Ltd., Annual General Meeting, Jun 19, 2025 Shanghai Supezet Engineering Technology Corp., Ltd., Annual General Meeting, Jun 19, 2025, at 14:00 China Standard Time. Location: No. 505, Fuquan North Road, Changning District, Shanghai China Announcement • Mar 28
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Nov 02
Third quarter 2024 earnings released: CN¥0.006 loss per share (vs CN¥0.009 loss in 3Q 2023) Third quarter 2024 results: CN¥0.006 loss per share (improved from CN¥0.009 loss in 3Q 2023). Revenue: CN¥568.4m (up 48% from 3Q 2023). Net loss: CN¥1.37m (loss narrowed 15% from 3Q 2023). Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥11.70, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 30x in the Machinery industry in China. Total loss to shareholders of 48% over the past year. New Risk • Sep 30
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Announcement • Sep 30
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report Q3, 2024 results on Oct 31, 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¥10.79, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 28x in the Machinery industry in China. Total loss to shareholders of 56% over the past year. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.42 (vs CN¥0.67 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.42 (down from CN¥0.67 in 2Q 2023). Revenue: CN¥1.31b (flat on 2Q 2023). Net income: CN¥75.7m (down 45% from 2Q 2023). Profit margin: 5.8% (down from 11% in 2Q 2023). Announcement • Jun 28
Shanghai Supezet Engineering Technology Corp., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.76 (vs CN¥0.89 in FY 2022) Full year 2023 results: EPS: CN¥0.76 (down from CN¥0.89 in FY 2022). Revenue: CN¥2.96b (flat on FY 2022). Net income: CN¥154.0m (down 14% from FY 2022). Profit margin: 5.2% (down from 6.1% in FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. Announcement • Mar 29
Shanghai Supezet Engineering Technology Corp., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.19, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 17x in the Machinery industry in China. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.78 (vs CN¥0.89 in FY 2022) Full year 2023 results: EPS: CN¥0.78 (down from CN¥0.89 in FY 2022). Revenue: CN¥2.96b (flat on FY 2022). Net income: CN¥157.5m (down 12% from FY 2022). Profit margin: 5.3% (down from 6.1% in FY 2022). Revenue is forecast to grow 51% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥13.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 14x in the Machinery industry in China. New Risk • Jan 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.009 loss per share (vs CN¥0.24 profit in 3Q 2022) Third quarter 2023 results: CN¥0.009 loss per share (down from CN¥0.24 profit in 3Q 2022). Revenue: CN¥384.8m (down 39% from 3Q 2022). Net loss: CN¥1.62m (down 103% from profit in 3Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Machinery industry in China. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥24.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Machinery industry in China. New Risk • Oct 25
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 6.2% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (48% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.67 (vs CN¥0.70 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.67 (down from CN¥0.70 in 2Q 2022). Revenue: CN¥1.31b (down 21% from 2Q 2022). Net income: CN¥137.4m (down 2.7% from 2Q 2022). Profit margin: 11% (up from 8.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Announcement • Jun 28
Shanghai Supezet Engineering Technology Corp., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Shanghai Supezet Engineering Technology Corp., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Board Change • Jun 15
Less than half of directors are independent 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. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
