Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥32.60, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 29x in the Energy Services industry in China. Total returns to shareholders of 128% over the past three years. Declared Dividend • May 23
Dividend of CN¥0.075 announced Shareholders will receive a dividend of CN¥0.075. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. 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 123% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
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. 6 non-independent directors. Independent Director Ya Cao Jun was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 31
Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 22, 2026 Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 30
Changzheng Engineering Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Changzheng Engineering Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Changzheng Engineering Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Changzheng Engineering Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Changzheng Engineering Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 01
Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 25, 2025 Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, Apr 25, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 28
Changzheng Engineering Technology Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 01, 2025 Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 01, 2025 Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Energy Services industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.06 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.06 in 3Q 2023). Revenue: CN¥563.4m (up 9.4% from 3Q 2023). Net income: CN¥36.8m (up 13% from 3Q 2023). Profit margin: 6.5% (up from 6.3% in 3Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥15.40, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Energy Services industry in China. Total returns to shareholders of 3.0% over the past three years. Announcement • Sep 30
Changzheng Engineering Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Changzheng Engineering Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.071 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.071 in 2Q 2023). Revenue: CN¥866.4m (up 90% from 2Q 2023). Net income: CN¥78.0m (up 121% from 2Q 2023). Profit margin: 9.0% (up from 7.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 01
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 5th July 2024 Payment date: 5th July 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 109% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Changzheng Engineering Technology Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024 Changzheng Engineering Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Apr 21
Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, May 16, 2024 Changzheng Engineering Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.31 in FY 2022) Full year 2023 results: EPS: CN¥0.35 (up from CN¥0.31 in FY 2022). Revenue: CN¥2.81b (up 12% from FY 2022). Net income: CN¥187.2m (up 12% from FY 2022). Profit margin: 6.7% (in line with FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Announcement • Mar 29
Changzheng Engineering Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Changzheng Engineering Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.31, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Energy Services industry in China. Total loss to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.84 per share. Announcement • Dec 29
Changzheng Engineering Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024 Changzheng Engineering Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.094 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.094 in 3Q 2022). Revenue: CN¥514.8m (down 36% from 3Q 2022). Net income: CN¥32.6m (down 37% from 3Q 2022). Profit margin: 6.3% (down from 6.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.10 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.071 (down from CN¥0.10 in 2Q 2022). Revenue: CN¥455.7m (up 7.0% from 2Q 2022). Net income: CN¥35.3m (down 22% from 2Q 2022). Profit margin: 7.8% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Energy Services industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Announcement • Jun 28
Changzheng Engineering Co.,LTD to Report First Half, 2023 Results on Aug 30, 2023 Changzheng Engineering Co.,LTD announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.57, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 30x in the Energy Services industry in China. Total returns to shareholders of 53% over the past three years. Reported Earnings • Apr 23
Full year 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.31 (up from CN¥0.29 in FY 2021). Revenue: CN¥2.51b (up 3.1% from FY 2021). Net income: CN¥167.1m (up 7.5% from FY 2021). Profit margin: 6.7% (up from 6.4% 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 10% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥14.12, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 46x in the Energy Services industry in China. Total returns to shareholders of 17% over the past three years. Board Change • Nov 16
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 Lujiang Xie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.06 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.06 (in line with 3Q 2021). Revenue: CN¥259.1m (down 37% from 3Q 2021). Net income: CN¥31.5m (up 6.8% from 3Q 2021). Profit margin: 12% (up from 7.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Sep 04
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 Lujiang Xie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.078 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.10. Revenue: CN¥426.0m (up 14% from 2Q 2021). Net income: CN¥45.2m (flat on 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥11.07, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 38x in the Energy Services industry in China. Total loss to shareholders of 18% over the past three years. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: CN¥0.29 (vs CN¥0.33 in FY 2020) Full year 2021 results: EPS: CN¥0.29 (down from CN¥0.33 in FY 2020). Revenue: CN¥2.43b (up 17% from FY 2020). Net income: CN¥155.5m (down 13% from FY 2020). Profit margin: 6.4% (down from 8.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥15.16, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 29x in the Energy Services industry in China. Total returns to shareholders of 27% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.078 (vs CN¥0.12 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥372.6m (down 3.3% from 2Q 2020). Net income: CN¥45.6m (down 7.8% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.08, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 24x in the Energy Services industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.33 (vs CN¥0.29 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.07b (up 17% from FY 2019). Net income: CN¥179.3m (up 16% from FY 2019). Profit margin: 8.7% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥15.35, the stock trades at a trailing P/E ratio of 64.5x. Average trailing P/E is 26x in the Energy Services industry in China. Total returns to shareholders of 8.6% over the past three years. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥15.84, the stock is trading at a trailing P/E ratio of 66.5x, up from the previous P/E ratio of 53.6x. This compares to an average P/E of 29x in the Energy Services industry in China. Total returns to shareholders over the past three years are 17%. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥12.56, the stock is trading at a trailing P/E ratio of 50.7x, down from the previous P/E ratio of 60.1x. This compares to an average P/E of 28x in the Energy Services industry in China. Total returns to shareholders over the past three years were flat. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.25, the stock is trading at a trailing P/E ratio of 59.9x, up from the previous P/E ratio of 51.5x. This compares to an average P/E of 27x in the Energy Services industry in China. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥12.12 The company is up 6.0% from its price of CN¥11.41 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 1.0% 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¥129.4m, down 13% from the prior year. Total revenue was CN¥1.82b over the last 12 months, up 6.1% from the prior year. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥11.22 The company is down 7.0% from its price of CN¥12.03 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is flat over the same period.