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Zhejiang Meida Industrial SZSE:002677 Stock Report

Last Price

CN¥8.11

Market Cap

CN¥5.2b

7D

-1.2%

1Y

-23.4%

Updated

30 Jun, 2024

Data

Company Financials +

Zhejiang Meida Industrial Co., Ltd.

SZSE:002677 Stock Report

Market Cap: CN¥5.2b

002677 Stock Overview

Engages in the research and development, manufacture, and sale of household kitchen appliances primarily integrated stove products in China.

002677 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends4/6

Zhejiang Meida Industrial Co., Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Zhejiang Meida Industrial
Historical stock prices
Current Share PriceCN¥8.11
52 Week HighCN¥11.42
52 Week LowCN¥7.56
Beta0.54
11 Month Change-10.09%
3 Month Change-14.99%
1 Year Change-23.42%
33 Year Change-54.92%
5 Year Change-37.52%
Change since IPO131.30%

Recent News & Updates

Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

May 23
Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Apr 25
Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Recent updates

Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

May 23
Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75

Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Apr 25
Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues

Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be

Apr 23
Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be

Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong

Apr 04
Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong

Shareholder Returns

002677CN Consumer DurablesCN Market
7D-1.2%-1.9%-2.2%
1Y-23.4%-1.6%-17.9%

Return vs Industry: 002677 underperformed the CN Consumer Durables industry which returned -1.6% over the past year.

Return vs Market: 002677 underperformed the CN Market which returned -17.9% over the past year.

Price Volatility

Is 002677's price volatile compared to industry and market?
002677 volatility
002677 Average Weekly Movement5.5%
Consumer Durables Industry Average Movement7.1%
Market Average Movement6.7%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market4.2%

Stable Share Price: 002677's share price has been volatile over the past 3 months.

Volatility Over Time: 002677's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001998Jianlong Xuwww.meida.com

Zhejiang Meida Industrial Co., Ltd. engages in the research and development, manufacture, and sale of household kitchen appliances primarily integrated stove products in China. It offers range hoods, stoves, disinfection cabinets, storage cabinets, electric ovens, and electric steamers, as well as integrated sinks, water purifiers, and built-in kitchen appliances. The company was founded in 2001 and is headquartered in Haining, China.

Zhejiang Meida Industrial Co., Ltd. Fundamentals Summary

How do Zhejiang Meida Industrial's earnings and revenue compare to its market cap?
002677 fundamental statistics
Market capCN¥5.24b
Earnings (TTM)CN¥440.80m
Revenue (TTM)CN¥1.61b

11.9x

P/E Ratio

3.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
002677 income statement (TTM)
RevenueCN¥1.61b
Cost of RevenueCN¥854.79m
Gross ProfitCN¥752.11m
Other ExpensesCN¥311.31m
EarningsCN¥440.80m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Aug 30, 2024

Earnings per share (EPS)0.68
Gross Margin46.80%
Net Profit Margin27.43%
Debt/Equity Ratio0%

How did 002677 perform over the long term?

See historical performance and comparison

Dividends

9.2%

Current Dividend Yield

110%

Payout Ratio
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