Declared Dividend • Jun 01
Dividend increased to CN¥0.31 Dividend of CN¥0.31 is 3.3% higher than last year. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% 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 decreased over the past 76 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.29 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.13 (down from CN¥0.29 in 1Q 2025). Revenue: CN¥947.7m (down 1.4% from 1Q 2025). Net income: CN¥50.5m (down 55% from 1Q 2025). Profit margin: 5.3% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 19, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Announcement • Mar 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Price Target Changed • Nov 11
Price target increased by 48% to CN¥36.00 Up from CN¥24.35, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥36.66. Stock is up 62% over the past year. The company is forecast to post earnings per share of CN¥1.19 for next year compared to CN¥0.74 last year. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.27 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.27 in 3Q 2024). Revenue: CN¥1.03b (up 3.7% from 3Q 2024). Net income: CN¥109.0m (up 4.8% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Announcement • Sep 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jun 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 01
Dividend increased to CN¥0.30 Dividend of CN¥0.30 is 76% higher than last year. Ex-date: 6th June 2025 Payment date: 6th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% 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 decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 31% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • May 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Risk Large one-off items impacting financial results. Announcement • Apr 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥31.35, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Announcement • Mar 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥49.68, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to CN¥42.82, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥32.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Dec 27
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥24.85, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 51% over the past three years. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.098. Revenue: CN¥991.6m (up 24% from 3Q 2023). Net income: CN¥104.0m (flat on 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10.0%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Sep 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥19.11, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 54% over the past three years. Board Change • Sep 26
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 Yafang Xie was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Apr 24
Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 17, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shaoxing, Zhejiang China Reported Earnings • Apr 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.54 (down from CN¥0.86 in FY 2022). Revenue: CN¥3.03b (flat on FY 2022). Net income: CN¥206.0m (down 37% from FY 2022). Profit margin: 6.8% (down from 11% in FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 21% per year. Announcement • Mar 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.08, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 77% over the past three years. Announcement • Dec 29
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2023 results: EPS: CN¥0.27 (up from CN¥0.26 in 3Q 2022). Revenue: CN¥798.1m (up 15% from 3Q 2022). Net income: CN¥103.2m (up 4.2% from 3Q 2022). Profit margin: 13% (down from 14% in 3Q 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 24% per year. New Risk • Oct 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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. Profit margins are more than 30% lower than last year (7.7% net profit margin). Announcement • Sep 30
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 28
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥767.9m (up 4.9% from 2Q 2022). Net income: CN¥72.0m (down 36% from 2Q 2022). Profit margin: 9.4% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Jun 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 7.2% 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: Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • Jun 28
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Zhejiang Jiecang Linear Motion Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Major Estimate Revision • May 02
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥3.76b to CN¥3.23b. EPS estimate fell from CN¥1.24 to CN¥0.872 per share. Net income forecast to grow 2.5% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥38.67 to CN¥27.03. Share price was steady at CN¥19.41 over the past week. Price Target Changed • Apr 29
Price target decreased by 7.7% to CN¥35.70 Down from CN¥38.67, the current price target is an average from 3 analysts. New target price is 84% above last closing price of CN¥19.41. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥1.07 for next year compared to CN¥0.86 last year. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.20 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.04 (down from CN¥0.20 in 1Q 2022). Revenue: CN¥535.4m (down 24% from 1Q 2022). Net income: CN¥13.3m (down 82% from 1Q 2022). Profit margin: 2.5% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥19.72, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.01, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Price Target Changed • Nov 16
Price target decreased to CN¥38.67 Down from CN¥42.30, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥29.66. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.71 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.14 in 3Q 2021). Revenue: CN¥694.0m (down 8.3% from 3Q 2021). Net income: CN¥99.0m (up 95% from 3Q 2021). Profit margin: 14% (up from 6.7% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 34%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Price Target Changed • Oct 27
Price target decreased to CN¥38.67 Down from CN¥42.30, the current price target is an average from 3 analysts. New target price is 48% above last closing price of CN¥26.20. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥0.71 last year. Major Estimate Revision • Sep 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.90 to CN¥0.99. Revenue forecast unchanged at CN¥3.60b. Net income forecast to grow 57% next year vs 47% growth forecast for Electronic industry in China. Consensus price target of CN¥42.30 unchanged from last update. Share price fell 5.3% to CN¥28.11 over the past week. Major Estimate Revision • Aug 31
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥3.57b to CN¥3.71b. EPS estimate fell from CN¥1.01 to CN¥0.90 per share. Net income forecast to grow 64% next year vs 46% growth forecast for Electronic industry in China. Consensus price target up from CN¥40.20 to CN¥42.30. Share price fell 3.8% to CN¥28.58 over the past week. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥26.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.80 per share. Reported Earnings • Apr 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.71 (down from CN¥1.15 in FY 2020). Revenue: CN¥2.64b (up 41% from FY 2020). Net income: CN¥270.5m (down 33% from FY 2020). Profit margin: 10% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 33%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥44.62, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 20% over the past year. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.47 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥556.6m (up 10% from 2Q 2020). Net income: CN¥89.4m (down 53% from 2Q 2020). Profit margin: 16% (down from 38% in 2Q 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Aug 25
Price target increased to CN¥60.27 Up from CN¥55.82, the current price target is an average from 3 analysts. New target price is 12% above last closing price of CN¥53.66. Stock is up 9.8% over the past year. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥53.92, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.83 per share. Price Target Changed • Jun 08
Price target decreased to CN¥39.87 Down from CN¥58.29, the current price target is an average from 3 analysts. New target price is 16% below last closing price of CN¥47.36. Stock is up 43% over the past year. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.27 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥451.9m (up 33% from 1Q 2020). Net income: CN¥64.3m (up 18% from 1Q 2020). Profit margin: 14% (down from 16% in 1Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥60.81, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 89% over the past year. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥92.90, the stock is trading at a trailing P/E ratio of 55.8x, up from the previous P/E ratio of 46.4x. This compares to an average P/E of 42x in the Electronic industry in China. Total returns to shareholders over the past year are 165%. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥81.38, the stock is trading at a trailing P/E ratio of 48.9x, up from the previous P/E ratio of 40.5x. This compares to an average P/E of 43x in the Electronic industry in China. Total returns to shareholders over the past year are 144%. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥81.38 The company is up 23% from its price of CN¥66.21 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.18 per share. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to CN¥78.70, the stock is trading at a trailing P/E ratio of 47.3x, up from the previous P/E ratio of 40x. This compares to an average P/E of 48x in the Electronic industry in China. Total returns to shareholders over the past year are 207%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥407.1m, up 28% from the prior year. Total revenue was CN¥1.75b over the last 12 months, up 26% from the prior year. Price Target Changed • Sep 29
Price target raised to CN¥77.59 Up from CN¥67.81, the current price target is an average from 2 analysts. The new target price is 20% above the current share price of CN¥64.84. As of last close, the stock is up 187% over the past year. Announcement • Jul 09
Zhejiang Jiecang Linear Motion Technology Co., Ltd. to Report Q2, 2020 Results on Aug 25, 2020 Zhejiang Jiecang Linear Motion Technology Co., Ltd. announced that they will report Q2, 2020 results on Aug 25, 2020