Announcement • Jun 30
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report First Half, 2026 Results on Aug 18, 2026 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 18, 2026 New Risk • May 28
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 Risks Debt is not well covered by operating cash flow (8.0% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Declared Dividend • May 22
Dividend of CN¥0.12 announced Shareholders will receive a dividend of CN¥0.12. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 0.4%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by earnings (41% 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 1.1% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 20
Zhejiang Jiemei Electronic And Technology Co., Ltd., Annual General Meeting, May 11, 2026 Zhejiang Jiemei Electronic And Technology Co., Ltd., Annual General Meeting, May 11, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Mar 17
Zhejiang Jiemei Electronic And Technology Co., Ltd. announced a financing transaction Zhejiang Jiemei Electronic And Technology Co., Ltd. announced a private placement to issue common shares on March 16, 2026. The transaction will include participation from not more than 35 investors, and the shares will be priced at not less than 80% of the average price in the 20 trading days before the pricing reference date. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in 3rd Meeting of the Company’s 5th Directorate and is subject to Company’s Shareholders’ Approval; The Shenzhen Stock Exchange’s Approval, The Chinese Securities Regulatory Commission Approval and Other Necessary Approvals. Announcement • Dec 31
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Announcement • Sep 30
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report First Half, 2025 Results on Aug 12, 2025 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 12, 2025 Announcement • Apr 16
Zhejiang Jiemei Electronic and Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 1.20000000 for the year 2024. Announcement • Apr 15
Zhejiang Jiemei Electronic And Technology Co., Ltd., Annual General Meeting, May 06, 2025 Zhejiang Jiemei Electronic And Technology Co., Ltd., Annual General Meeting, May 06, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 31
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Announcement • Oct 26
Zhejiang Jiemei Electronic and Technology Co., Ltd. Proposes Quarterly Dividend for the Third Quarter of 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced on 25 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.20000000. New Risk • Oct 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥502.3m (up 21% from 3Q 2023). Net income: CN¥55.9m (down 23% from 3Q 2023). Profit margin: 11% (down from 17% in 3Q 2023). 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 12% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥18.86, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Packaging industry in China. Total loss to shareholders of 32% over the past three years. Reported Earnings • Aug 17
First half 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.23 in 1H 2023) First half 2024 results: EPS: CN¥0.28 (up from CN¥0.23 in 1H 2023). Revenue: CN¥839.3m (up 18% from 1H 2023). Net income: CN¥121.3m (up 21% from 1H 2023). Profit margin: 14% (in line with 1H 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Announcement • May 30
Zhejiang Jiemei Electronic and Technology Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on June 5, 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2023. Record date is June 4, 2024. Ex-date is June 5, 2024. Payment date is June 5, 2024. Announcement • May 10
Zhejiang Jiemei Electronic And Technology Co., Ltd. Approves Cash Dividend for the Year 2023 Zhejiang Jiemei Electronic And Technology Co., Ltd. at its Annual General Meeting held on 06 May 2024, approved cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2023. New Risk • Apr 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Apr 16
Zhejiang Jiemei Electronic And Technology Co., Ltd., Annual General Meeting, May 06, 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd., Annual General Meeting, May 06, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: CN¥0.59 (vs CN¥0.41 in FY 2022) Full year 2023 results: EPS: CN¥0.59 (up from CN¥0.41 in FY 2022). Revenue: CN¥1.57b (up 21% from FY 2022). Net income: CN¥255.6m (up 54% from FY 2022). Profit margin: 16% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging 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 13% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Buy Or Sell Opportunity • Mar 28
Now 20% overvalued Over the last 90 days, the stock has fallen 13% to CN¥21.70. The fair value is estimated to be CN¥18.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 115% in 2 years. Earnings are forecast to grow by 189% in the next 2 years. Buy Or Sell Opportunity • Feb 27
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to CN¥22.07. The fair value is estimated to be CN¥18.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 115% in 2 years. Earnings are forecast to grow by 189% in the next 2 years. Buy Or Sell Opportunity • Feb 07
Now 21% overvalued Over the last 90 days, the stock has fallen 27% to CN¥20.11. The fair value is estimated to be CN¥16.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.2% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 115% in 2 years. Earnings are forecast to grow by 189% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥17.92, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Packaging industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.17 per share. Announcement • Dec 29
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.10 in 3Q 2022). Revenue: CN¥413.9m (up 48% from 3Q 2022). Net income: CN¥72.1m (up 79% from 3Q 2022). Profit margin: 17% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.19 in 2Q 2022). Revenue: CN¥404.6m (up 5.3% from 2Q 2022). Net income: CN¥68.8m (down 11% from 2Q 2022). Profit margin: 17% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Zhejiang Jiemei Electronic And Technology Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Announcement • Jun 15
Zhejiang Jiemei Electronic and Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 21, 2023 Zhejiang Jiemei Electronic And Technology Co., Ltd. announced final cash dividend of CNY 1.00 per 10 shares on A shares for the year 2022. Record date is June 20, 2023, Ex-Date is June 21, 2023 and Payment Date is June 21, 2023. Buying Opportunity • May 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥31.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 31% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.96 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (down from CN¥0.96 in FY 2021). Revenue: CN¥1.30b (down 30% from FY 2021). Net income: CN¥165.9m (down 57% from FY 2021). Profit margin: 13% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Announcement • Jan 18
Zhejiang Jiemei Electronic And Technology Co., Ltd. announced that it has received CNY 484.999999 million in funding On January 17, 2023, Zhejiang Jiemei Electronic And Technology Co., Ltd. closed the transaction. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 2 highly experienced directors. Employee Representative Member of Supervisory Board Chun Yan Pan is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.26 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.26 in 3Q 2021). Revenue: CN¥280.4m (down 42% from 3Q 2021). Net income: CN¥40.2m (down 63% from 3Q 2021). Profit margin: 14% (down from 22% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.32 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.32 in 2Q 2021). Revenue: CN¥384.1m (down 28% from 2Q 2021). Net income: CN¥77.5m (down 40% from 2Q 2021). Profit margin: 20% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 85%, compared to a 32% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 2 highly experienced directors. Employee Representative Member of Supervisory Board Chun Yan Pan is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS: CN¥0.96 (vs CN¥0.71 in FY 2020) Full year 2021 results: EPS: CN¥0.96 (up from CN¥0.71 in FY 2020). Revenue: CN¥1.86b (up 31% from FY 2020). Net income: CN¥389.0m (up 35% from FY 2020). Profit margin: 21% (in line with FY 2020). Over the next year, revenue is forecast to grow 41%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥483.1m (up 29% from 3Q 2020). Net income: CN¥107.2m (up 61% from 3Q 2020). Profit margin: 22% (up from 18% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥0.71 (vs CN¥0.29 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.43b (up 50% from FY 2019). Net income: CN¥289.3m (up 145% from FY 2019). Profit margin: 20% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. 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 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥32.80, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 15x in the Packaging industry in China. Total returns to shareholders of 62% over the past three years. Is New 90 Day High Low • Mar 06
New 90-day high: CN¥30.54 The company is up 12% from its price of CN¥27.21 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.67 per share. Is New 90 Day High Low • Jan 25
New 90-day high: CN¥29.57 The company is up 12% from its price of CN¥26.43 on 28 October 2020. The Chinese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Packaging 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 CN¥8.61 per share. Is New 90 Day High Low • Nov 13
New 90-day low: CN¥25.06 The company is down 10.0% from its price of CN¥27.88 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 1.0% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥233.8m, up 41% from the prior year. Total revenue was CN¥1.29b over the last 12 months, up 34% from the prior year.