Reported Earnings • Aug 19
Second quarter 2026 earnings released: CN¥0.15 loss per share (vs CN¥0.014 loss in 2Q 2025) Second quarter 2026 results: CN¥0.15 loss per share (further deteriorated from CN¥0.014 loss in 2Q 2025). Revenue: CN¥94.2m (up 3.1% from 2Q 2025). Net loss: CN¥19.9m (loss widened CN¥18.0m from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Jun 30
SMS Electric Co.,Ltd.Zhengzhou to Report First Half, 2026 Results on Aug 19, 2026 SMS Electric Co.,Ltd.Zhengzhou announced that they will report first half, 2026 results on Aug 19, 2026 New Risk • May 29
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 8.4% 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 Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Apr 30
SMS Electric Co.,Ltd.Zhengzhou announced that it expects to receive CNY 300 million in funding SMS Electric Co.,Ltd.Zhengzhou has announced private placement to issue A shares not more than 30% of total share capital at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds not more then CNY 300,000,000 on April 28, 2026. The transaction will include investor participation not more than 35 investors. The transaction is approved by 6th directorate in 15th meeting of proposal about submitting a proposal to the shareholders meeting to authorize the directorate to Implement a simplified private placement of shares. The transaction is subject to approval of company’s annual shareholders. All the securities issued in the offering is subject to a hold period of 6 months from date of issuance. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.32 loss per share (vs CN¥0.14 profit in FY 2024) Full year 2025 results: CN¥0.32 loss per share (down from CN¥0.14 profit in FY 2024). Revenue: CN¥362.5m (down 47% from FY 2024). Net loss: CN¥41.9m (down 332% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Apr 29
SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 20, 2026 SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: No. 102, Chongguang Road, Zhengzhou Economic and Technological Development Zone, Henan China Announcement • Mar 31
SMS Electric Co.,Ltd.Zhengzhou to Report Q1, 2026 Results on Apr 29, 2026 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
SMS Electric Co.,Ltd.Zhengzhou to Report Fiscal Year 2025 Results on Apr 29, 2026 SMS Electric Co.,Ltd.Zhengzhou announced that they will report fiscal year 2025 results on Apr 29, 2026 Board Change • Dec 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Qinglin Liu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
SMS Electric Co.,Ltd.Zhengzhou Announces Board Elections SMS Electric Co.,Ltd.Zhengzhou at its Extraordinary General Meeting of 2025 on 10 November 2025 approved to appoint: Cheng Linfang as non-independent director; Peng Haixing as non-independent director; Pan Yunfeng as non-independent director; Liu Qinglin as independent director; Zhang Hong'an as independent director. Reported Earnings • Oct 25
Third quarter 2025 earnings released: CN¥0.095 loss per share (vs CN¥0.044 loss in 3Q 2024) Third quarter 2025 results: CN¥0.095 loss per share (further deteriorated from CN¥0.044 loss in 3Q 2024). Revenue: CN¥139.7m (up 148% from 3Q 2024). Net loss: CN¥12.3m (loss widened 117% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Sep 30
SMS Electric Co.,Ltd.Zhengzhou to Report Q3, 2025 Results on Oct 25, 2025 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 18
Second quarter 2025 earnings released: CN¥0.014 loss per share (vs CN¥0.098 loss in 2Q 2024) Second quarter 2025 results: CN¥0.014 loss per share (improved from CN¥0.098 loss in 2Q 2024). Revenue: CN¥91.3m (up 86% from 2Q 2024). Net loss: CN¥1.87m (loss narrowed 85% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 25
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 99% to CN¥27.77. The fair value is estimated to be CN¥22.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has declined by 48%. New Risk • Jul 08
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 7.4% 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 Earnings have declined by 36% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Jul 02
SMS Electric Co.,Ltd.Zhengzhou to Report First Half, 2025 Results on Aug 15, 2025 SMS Electric Co.,Ltd.Zhengzhou announced that they will report first half, 2025 results on Aug 15, 2025 Buy Or Sell Opportunity • Jun 20
Now 20% undervalued Over the last 90 days, the stock has risen 16% to CN¥18.29. The fair value is estimated to be CN¥22.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has declined by 48%. Declared Dividend • Jun 12
Dividend reduced to CN¥0.015 Dividend of CN¥0.015 is 58% lower than last year. Ex-date: 17th June 2025 Payment date: 17th June 2025 Dividend yield will be 0.08%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 28%. Cash payout ratio: 2%. Buy Or Sell Opportunity • May 19
Now 20% undervalued Over the last 90 days, the stock has risen 34% to CN¥18.51. The fair value is estimated to be CN¥23.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has declined by 48%. Announcement • Apr 17
SMS Electric Co.,Ltd.Zhengzhou Proposes Final Cash Dividend for 2024 SMS Electric Co.,Ltd.Zhengzhou announced on 16 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend (tax included) of CNY 0.15000000 per 10 shares. Reported Earnings • Apr 16
First quarter 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.026 loss in 1Q 2024) First quarter 2025 results: CN¥0.11 loss per share (further deteriorated from CN¥0.026 loss in 1Q 2024). Revenue: CN¥54.4m (up 1.0% from 1Q 2024). Net loss: CN¥14.4m (loss widened 332% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 09, 2025 SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 09, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhengzhou, Henan China Announcement • Mar 31
SMS Electric Co.,Ltd.Zhengzhou to Report Q1, 2025 Results on Apr 16, 2025 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q1, 2025 results on Apr 16, 2025 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 8.7% 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 Earnings have declined by 40% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Dec 31
SMS Electric Co.,Ltd.Zhengzhou to Report Fiscal Year 2024 Results on Apr 16, 2025 SMS Electric Co.,Ltd.Zhengzhou announced that they will report fiscal year 2024 results on Apr 16, 2025 Reported Earnings • Nov 05
Third quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.012 loss in 3Q 2023) Third quarter 2024 results: CN¥0.044 loss per share (further deteriorated from CN¥0.012 loss in 3Q 2023). Revenue: CN¥56.3m (down 28% from 3Q 2023). Net loss: CN¥5.67m (loss widened 275% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
SMS Electric Co.,Ltd.Zhengzhou to Report Q3, 2024 Results on Oct 31, 2024 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Jun 29
SMS Electric Co.,Ltd.Zhengzhou to Report First Half, 2024 Results on Aug 23, 2024 SMS Electric Co.,Ltd.Zhengzhou announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • May 30
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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Announcement • May 12
SMS Electric Co.,Ltd.Zhengzhou Approves Cash Dividend for 2023 SMS Electric Co.,Ltd.Zhengzhou at its Annual General Meeting of 2023 on 09 May 2024, approved Cash dividend/10 shares (tax included): CNY 0.36000000 for 2023. Announcement • Apr 20
SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 09, 2024 SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhengzhou, Henan China New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings have declined by 25% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Announcement • Mar 30
SMS Electric Co.,Ltd.Zhengzhou to Report Q1, 2024 Results on Apr 19, 2024 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q1, 2024 results on Apr 19, 2024 Announcement • Dec 29
SMS Electric Co.,Ltd.Zhengzhou to Report Fiscal Year 2023 Results on Apr 19, 2024 SMS Electric Co.,Ltd.Zhengzhou announced that they will report fiscal year 2023 results on Apr 19, 2024 Announcement • Dec 01
SMS Electric Co.,Ltd.Zhengzhou (SZSE:002857) announces an Equity Buyback for CNY 30 million worth of its shares. SMS Electric Co.,Ltd.Zhengzhou (SZSE:002857) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be repurchased at a price not more than CNY 23 per share. The repurchased share will be used for employee stock ownership plan and equity incentives. The program will be valid for a period of 12 months. New Risk • Oct 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 95% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Announcement • Sep 30
SMS Electric Co.,Ltd.Zhengzhou to Report Q3, 2023 Results on Oct 26, 2023 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q3, 2023 results on Oct 26, 2023 New Risk • Jul 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 9.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.3% net profit margin). Announcement • May 06
SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 22, 2023 SMS Electric Co.,Ltd.Zhengzhou, Annual General Meeting, May 22, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider appointment of 2023 audit firm; to consider 2022 profit distribution plan; to consider 2023 remuneration plan and performance appraisal plan for directors and supervisors; to consider application for comprehensive credit line to banks; and to consider shareholder return plan for the next three years from 2023 to 2025. 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. No experienced directors. No highly experienced directors. Non-Employee Supervisor Chao Ling is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 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. No experienced directors. No highly experienced directors. Non-Employee Supervisor Chao Ling is the most experienced director on the board, commencing their role in 2021. 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 • May 07
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.25 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥211.7m (down 21% from FY 2019). Net income: CN¥23.4m (down 27% from FY 2019). Profit margin: 11% (in line with FY 2019). Announcement • Mar 09
SMS Electric Co.,Ltd.Zhengzhou to Report Fiscal Year 2020 Results on Apr 23, 2021 SMS Electric Co.,Ltd.Zhengzhou announced that they will report fiscal year 2020 results on Apr 23, 2021 Is New 90 Day High Low • Jan 28
New 90-day low: CN¥11.42 The company is down 11% from its price of CN¥12.85 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥11.43 The company is down 11% from its price of CN¥12.82 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥12.45 The company is down 2.0% from its price of CN¥12.65 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Announcement • Oct 17
SMS Electric Co.,Ltd.Zhengzhou to Report Q3, 2020 Results on Oct 24, 2020 SMS Electric Co.,Ltd.Zhengzhou announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Jul 24
SMS Electric Co.,Ltd.Zhengzhou to Report First Half, 2020 Results on Aug 20, 2020 SMS Electric Co.,Ltd.Zhengzhou announced that they will report first half, 2020 results on Aug 20, 2020