Declared Dividend • Jun 01
Dividend reduced to CN¥0.087 Dividend of CN¥0.087 is 19% lower than last year. Ex-date: 3rd June 2026 Payment date: 3rd June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 30
Shenzhen MTC Co., Ltd. Approves Final Cash Dividend on A Shares for the Year 2025, Payable on 03 June 2026 Shenzhen MTC Co., Ltd. announced the final cash dividend (tax included) of CNY 0.87000000 per 10 A shares for the year 2025. Record date: 02 June 2026. Ex-date: 03 June 2026. Payment date: 03 June 2026. New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Apr 24
Shenzhen MTC Co., Ltd., Annual General Meeting, May 22, 2026 Shenzhen MTC Co., Ltd., Annual General Meeting, May 22, 2026, at 15:00 China Standard Time. Location: 5F, Tower B, No. 128, Bulan Road, Longgang District, Shenzhen, Guangdong China Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.046 (vs CN¥0.074 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.046 (down from CN¥0.074 in 1Q 2025). Revenue: CN¥4.18b (up 12% from 1Q 2025). Net income: CN¥209.6m (down 37% from 1Q 2025). Profit margin: 5.0% (down from 9.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.91, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 172% over the past three years. Announcement • Mar 31
Shenzhen MTC Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shenzhen MTC Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.72, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 155% over the past three years. New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.37, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 185% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥10.85, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 192% over the past three years. New Risk • Jan 15
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 7.1% 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 (7.1% average weekly change). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.76, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 140% over the past three years. Announcement • Dec 31
Shenzhen MTC Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Shenzhen MTC Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥7.81, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Consumer Durables industry in China. Total returns to shareholders of 138% over the past three years. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.071 (down from CN¥0.10 in 3Q 2024). Revenue: CN¥5.41b (down 19% from 3Q 2024). Net income: CN¥338.9m (down 27% from 3Q 2024). Profit margin: 6.3% (down from 7.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. Announcement • Sep 30
Shenzhen MTC Co., Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Shenzhen MTC Co., Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥6.68, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Consumer Durables industry in China. Total returns to shareholders of 109% over the past three years. Reported Earnings • Aug 25
Second quarter 2025 earnings released: EPS: CN¥0.076 (vs CN¥0.11 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.076 (down from CN¥0.11 in 2Q 2024). Revenue: CN¥4.76b (down 12% from 2Q 2024). Net income: CN¥326.9m (down 34% from 2Q 2024). Profit margin: 6.9% (down from 9.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥5.47, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Consumer Durables industry in China. Total returns to shareholders of 51% over the past three years. Announcement • Jul 02
Shenzhen MTC Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Shenzhen MTC Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Declared Dividend • Jun 06
Dividend increased to CN¥0.11 Dividend of CN¥0.11 is 0.9% higher than last year. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but not covered by cash flows (139% cash payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥24.2b to CN¥22.6b. EPS estimate also fell from CN¥0.518 per share to CN¥0.395 per share. Net income forecast to grow 12% next year vs 23% growth forecast for Consumer Durables industry in China. Consensus price target down from CN¥7.54 to CN¥6.20. Share price was steady at CN¥4.48 over the past week. Reported Earnings • Apr 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.35 (in line with FY 2023). Revenue: CN¥20.3b (up 18% from FY 2023). Net income: CN¥1.60b (flat on FY 2023). Profit margin: 7.9% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 18
Shenzhen MTC Co., Ltd. Proposes Cash Dividend for the Year 2024 Shenzhen MTC Co., Ltd. announced on 17 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.07000000. Announcement • Apr 17
Shenzhen MTC Co., Ltd., Annual General Meeting, May 07, 2025 Shenzhen MTC Co., Ltd., Annual General Meeting, May 07, 2025, at 15:00 China Standard Time. Location: 5F, Tower B, No. 128, Bulan Road, Longgang District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥4.32, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 23% over the past three years. Announcement • Mar 31
Shenzhen MTC Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen MTC Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Shenzhen MTC Co., Ltd. to Report Fiscal Year 2024 Results on Apr 17, 2025 Shenzhen MTC Co., Ltd. announced that they will report fiscal year 2024 results on Apr 17, 2025 Price Target Changed • Dec 27
Price target increased by 10% to CN¥7.54 Up from CN¥6.85, the current price target is an average from 2 analysts. New target price is 23% above last closing price of CN¥6.15. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.35 last year. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥5.92, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Consumer Durables industry in China. Total returns to shareholders of 26% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥6.64b (up 34% from 3Q 2023). Net income: CN¥461.9m (down 14% from 3Q 2023). Profit margin: 7.0% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 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¥4.66, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 3.2% over the past three years. Announcement • Sep 30
Shenzhen MTC Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen MTC Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 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¥5.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Consumer Durables industry in China. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.076 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.076 in 2Q 2023). Revenue: CN¥5.41b (up 34% from 2Q 2023). Net income: CN¥496.2m (up 41% from 2Q 2023). Profit margin: 9.2% (up from 8.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.04, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 7.2% over the past three years. Announcement • Jun 29
Shenzhen MTC Co., Ltd. to Report First Half, 2024 Results on Aug 22, 2024 Shenzhen MTC Co., Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Declared Dividend • Jun 15
Dividend increased to CN¥0.11 Dividend of CN¥0.11 is 39% higher than last year. Ex-date: 19th June 2024 Payment date: 19th June 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 11
Shenzhen MTC Co., Ltd. Approves Cash Dividend for 2023 Shenzhen MTC Co., Ltd. at its AGM held on May 9, 2024, approved cash dividend of CNY 1.06000000 per 10 shares (tax included) for 2023. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.092 (vs CN¥0.085 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.092 (up from CN¥0.085 in 1Q 2023). Revenue: CN¥4.11b (up 11% from 1Q 2023). Net income: CN¥414.6m (up 8.3% from 1Q 2023). Profit margin: 10% (in line with 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Apr 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.25 in FY 2022). Revenue: CN¥17.2b (up 14% from FY 2022). Net income: CN¥1.59b (up 39% from FY 2022). Profit margin: 9.3% (up from 7.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Apr 13
Shenzhen MTC Co., Ltd., Annual General Meeting, May 09, 2024 Shenzhen MTC Co., Ltd., Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Announcement • Mar 30
Shenzhen MTC Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen MTC Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 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¥4.22, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥1.75 per share. Announcement • Dec 30
Shenzhen MTC Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 Shenzhen MTC Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.079 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.079 in 3Q 2022). Revenue: CN¥4.95b (up 29% from 3Q 2022). Net income: CN¥537.6m (up 52% from 3Q 2022). Profit margin: 11% (up from 9.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Aug 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.076 (vs CN¥0.04 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.076 (up from CN¥0.04 in 2Q 2022). Revenue: CN¥4.04b (up 20% from 2Q 2022). Net income: CN¥351.3m (up 94% from 2Q 2022). Profit margin: 8.7% (up from 5.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. 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 9% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 02
Price target increased by 9.7% to CN¥6.54 Up from CN¥5.96, the current price target is an average from 2 analysts. New target price is 20% above last closing price of CN¥5.44. Stock is up 45% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.25 last year. Announcement • Jul 01
Shenzhen MTC Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Shenzhen MTC Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Announcement • Jun 09
Shenzhen MTC Co., Ltd. Announces Implementation of Cash Dividend on A Shares for 2022, Payable on 14 June 2023 Shenzhen MTC Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares) of cash dividend (tax included) of CNY 0.76000000 per 10 shares. Record date: 13 June 2023; Ex-date: 14 June 2023; Payment date: 14 June 2023. Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.25 (up from CN¥0.07 in FY 2021). Revenue: CN¥15.0b (down 33% from FY 2021). Net income: CN¥1.15b (up 244% from FY 2021). Profit margin: 7.6% (up from 1.5% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 3.8%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Nov 16
Price target decreased to CN¥4.16 Down from CN¥4.68, the current price target is provided by 1 analyst. New target price is 15% above last closing price of CN¥3.61. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.07 last year. Announcement • Nov 11
Shenzhen MTC Co., Ltd. Announces Board Changes Shenzhen MTC Co., Ltd. at the Extraordinary General Meeting held on 09 November 2022, elected Xu Laping, Sun Huirong, Li Xinwei and Tian Peijie as non-independent directors. Elected Fan Mingchun and Fu Guanqiang as independent directors. Elected Chen Gaofei as non-employee supervisors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.079 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.079 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥3.84b (down 45% from 3Q 2021). Net income: CN¥354.3m (down 33% from 3Q 2021). Profit margin: 9.2% (up from 7.6% in 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.13 in 2Q 2021). Revenue: CN¥3.38b (down 43% from 2Q 2021). Net income: CN¥180.9m (down 69% from 2Q 2021). Profit margin: 5.4% (down from 9.8% in 2Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 14% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.075 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥3.73b (down 29% from 1Q 2021). Net income: CN¥345.6m (down 26% from 1Q 2021). Profit margin: 9.3% (up from 8.9% in 1Q 2021). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 86%. Over the next year, revenue is forecast to grow 37%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Junsheng Zhang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥3.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Consumer Durables industry in China. Total returns to shareholders of 9.2% over the past three years. Price Target Changed • Oct 27
Price target decreased to CN¥6.50 Down from CN¥8.00, the current price target is provided by 1 analyst. New target price is 34% above last closing price of CN¥4.86. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.50 for next year compared to CN¥0.39 last year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.11 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥6.98b (up 6.4% from 3Q 2020). Net income: CN¥528.0m (up 6.2% from 3Q 2020). Profit margin: 7.6% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.091 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥5.97b (up 23% from 2Q 2020). Net income: CN¥582.6m (up 41% from 2Q 2020). Profit margin: 9.8% (up from 8.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.38 (vs CN¥0.25 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.02m (down 100% from FY 2019). Net income: CN¥173.9k (down 100% from FY 2019). Profit margin: 8.6% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Mar 09
Shenzhen MTC Co., Ltd. to Report Fiscal Year 2020 Results on Apr 21, 2021 Shenzhen MTC Co., Ltd. announced that they will report fiscal year 2020 results on Apr 21, 2021 Price Target Changed • Feb 13
Price target raised to CN¥9.40 Up from CN¥8.27, the current price target is an average from 2 analysts. The new target price is 56% above the current share price of CN¥6.03. As of last close, the stock is up 37% over the past year. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.00, the stock is trading at a trailing P/E ratio of 20.2x, up from the previous P/E ratio of 17.2x. This compares to an average P/E of 30x in the Consumer Durables industry in China. Total returns to shareholders over the past three years are 105%. Is New 90 Day High Low • Jan 12
New 90-day high: CN¥6.97 The company is up 2.0% from its price of CN¥6.85 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥5.91 The company is down 19% from its price of CN¥7.30 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥6.03 The company is down 18% from its price of CN¥7.35 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 Consumer Durables industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Major Estimate Revision • Oct 26
Analysts increase revenue estimates to CN¥17.9b The 2020 consensus revenue estimate increased from CN¥15.1b. Earning per share (EPS) estimate also increased from CN¥0.31 to CN¥0.34 for the same period. Net income is expected to grow by 14% next year compared to 31% growth forecast for the Consumer Durables industry in China. The consensus price target increased from CN¥8.27 to CN¥8.33. Share price is down by 6.2% to CN¥6.31 over the past week. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.58b, up 107% from the prior year. Total revenue was CN¥18.3b over the last 12 months, up 42% from the prior year. Announcement • Oct 16
Shenzhen MTC Co., Ltd. to Report Q3, 2020 Results on Oct 20, 2020 Shenzhen MTC Co., Ltd. announced that they will report Q3, 2020 results on Oct 20, 2020 Announcement • Aug 02
Shenzhen MTC Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Shenzhen MTC Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020