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¥39.18, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 79x in the Electronic industry in China. Total loss to shareholders of 16% over the past three years. Reported Earnings • Apr 28
Full year 2025 earnings released: EPS: CN¥1.40 (vs CN¥1.29 in FY 2024) Full year 2025 results: EPS: CN¥1.40 (up from CN¥1.29 in FY 2024). Revenue: CN¥497.5m (flat on FY 2024). Net income: CN¥90.1m (up 9.2% from FY 2024). Profit margin: 18% (up from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Jiangsu Liance Electromechanical Technology Co., Ltd., Annual General Meeting, May 22, 2026 Jiangsu Liance Electromechanical Technology Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: 4F, Haidi Road, Sutong Science and Technology Industrial Park, Nantong, Jiangsu China Announcement • Mar 30
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥35.11, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 58x in the Electronic industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Dec 26
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥98.3m (up 8.9% from 3Q 2024). Net income: CN¥22.6m (up 165% from 3Q 2024). Profit margin: 23% (up from 9.4% in 3Q 2024). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 09
Upcoming dividend of CN¥0.25 per share Eligible shareholders must have bought the stock before 16 October 2025. Payment date: 16 October 2025. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (0.8%). Announcement • Sep 30
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥32.64, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 46x in the Electronic industry in China. Total loss to shareholders of 17% over the past three years. Announcement • Apr 29
Jiangsu Liance Electromechanical Technology Co., Ltd. (SHSE:688113) announces an Equity Buyback for CNY 20 million worth of its shares. Jiangsu Liance Electromechanical Technology Co., Ltd. (SHSE:688113) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be repurchased at price not more than CNY 40 per share. The shares will be used for employee shareholding plan or as equity incentive. The program will be valid for a period of 12 months. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: CN¥1.29 (vs CN¥1.42 in FY 2023) Full year 2024 results: EPS: CN¥1.29 (down from CN¥1.42 in FY 2023). Revenue: CN¥493.0m (flat on FY 2023). Net income: CN¥82.5m (down 9.0% from FY 2023). Profit margin: 17% (down from 18% in FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Apr 28
Jiangsu Liance Electromechanical Technology Co., Ltd., Annual General Meeting, May 20, 2025 Jiangsu Liance Electromechanical Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qidong, Jiangsu China Announcement • Mar 28
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥1.28 (vs CN¥1.42 in FY 2023) Full year 2024 results: EPS: CN¥1.28 (down from CN¥1.42 in FY 2023). Revenue: CN¥485.8m (down 1.9% from FY 2023). Net income: CN¥81.7m (down 9.9% from FY 2023). Profit margin: 17% (down from 18% in FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Dec 27
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥90.2m (down 7.6% from 3Q 2023). Net income: CN¥8.51m (down 39% from 3Q 2023). Profit margin: 9.4% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. New Risk • Sep 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 7.6% 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: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Announcement • Sep 30
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.09, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 50% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.55 (vs CN¥0.60 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.55 (down from CN¥0.60 in 2Q 2023). Revenue: CN¥163.7m (down 3.5% from 2Q 2023). Net income: CN¥35.4m (down 4.8% from 2Q 2023). Profit margin: 22% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • May 01
Jiangsu Liance Electromechanical Technology Co., Ltd., Annual General Meeting, May 21, 2024 Jiangsu Liance Electromechanical Technology Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Qidong, Jiangsu China Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥1.28 in FY 2022) Full year 2023 results: EPS: CN¥1.42 (up from CN¥1.28 in FY 2022). Revenue: CN¥495.1m (up 33% from FY 2022). Net income: CN¥90.7m (up 12% from FY 2022). Profit margin: 18% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Mar 30
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥43.38, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 39x in the Electronic industry in China. Total loss to shareholders of 12% over the past year. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥25.30, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 30x in the Electronic industry in China. Total loss to shareholders of 45% over the past year. New Risk • Feb 05
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 7.0% 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: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥35.55, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 39x in the Electronic industry in China. Total loss to shareholders of 19% over the past year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥97.6m (up 16% from 3Q 2022). Net income: CN¥13.9m (down 21% from 3Q 2022). Profit margin: 14% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.60 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.60 (up from CN¥0.39 in 2Q 2022). Revenue: CN¥169.7m (up 84% from 2Q 2022). Net income: CN¥37.2m (up 50% from 2Q 2022). Profit margin: 22% (down from 27% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jun 28
Jiangsu Liance Electromechanical Technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Jiangsu Liance Electromechanical Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.36 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.36 in 1Q 2022). Revenue: CN¥77.7m (down 4.7% from 1Q 2022). Net income: CN¥11.6m (down 50% from 1Q 2022). Profit margin: 15% (down from 28% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.22 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.22 in 3Q 2021). Revenue: CN¥83.9m (down 3.5% from 3Q 2021). Net income: CN¥17.5m (up 25% from 3Q 2021). Profit margin: 21% (up from 16% in 3Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.33 in 2Q 2021). Revenue: CN¥92.1m (up 6.2% from 2Q 2021). Net income: CN¥24.8m (up 29% from 2Q 2021). Profit margin: 27% (up from 22% in 2Q 2021). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 29% share price gain to CN¥48.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 22% over the past year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.35 in 1Q 2021). Revenue: CN¥81.5m (flat on 1Q 2021). Net income: CN¥23.0m (up 25% from 1Q 2021). Profit margin: 28% (up from 22% in 1Q 2021). Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 73%, compared to a 24% growth forecast for the industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥42.95, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.30 (down from CN¥1.52 in FY 2020). Revenue: CN¥338.7m (down 5.5% from FY 2020). Net income: CN¥75.6m (up 4.2% from FY 2020). Profit margin: 22% (up from 20% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 74%, compared to a 26% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥61.90, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥76.35, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 40x in the Electronic industry in China.