New Risk • May 31
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 258% Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 258% Earnings have declined by 27% per year over the past 5 years. Announcement • May 29
Nanhua Instruments Co., Ltd. Announces 2025 Final Profit Distribution (A Shares), Payable on 02 June 2026 Nanhua Instruments Co., Ltd. announced 2025 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.70000000. Record date: 1 June 2026, Ex-date: 02 June 2026, Payment date: 02 June 2026. Reported Earnings • Apr 24
Full year 2025 earnings released: CN¥0.019 loss per share (vs CN¥0.11 profit in FY 2024) Full year 2025 results: CN¥0.019 loss per share (down from CN¥0.11 profit in FY 2024). Revenue: CN¥196.3m (up 58% from FY 2024). Net loss: CN¥2.60m (down 118% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Nanhua Instruments Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Nanhua Instruments Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Nanhua Instruments Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Nanhua Instruments Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.058 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.007 (up from CN¥0.058 loss in 3Q 2024). Revenue: CN¥46.7m (up 54% from 3Q 2024). Net income: CN¥966.4k (up CN¥8.62m from 3Q 2024). Profit margin: 2.1% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Nanhua Instruments Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Nanhua Instruments Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Nanhua Instruments Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Nanhua Instruments Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 24
First quarter 2025 earnings released: CN¥0.029 loss per share (vs CN¥0.034 loss in 1Q 2024) First quarter 2025 results: CN¥0.029 loss per share (improved from CN¥0.034 loss in 1Q 2024). Revenue: CN¥20.8m (up 44% from 1Q 2024). Net loss: CN¥3.89m (loss narrowed 17% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Nanhua Instruments Co., Ltd., Annual General Meeting, May 13, 2025 Nanhua Instruments Co., Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Apr 07
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 8.0% 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 Earnings have declined by 69% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (280% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.11, the stock trades at a trailing P/E ratio of 64.6x. Average trailing P/E is 48x in the Electronic industry in China. Total loss to shareholders of 10% over the past three years. Announcement • Mar 31
Nanhua Instruments Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Nanhua Instruments Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Announcement • Dec 31
Nanhua Instruments Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Nanhua Instruments Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Board Change • Oct 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jianhua Guo was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.62, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 42x in the Electronic industry in China. Total loss to shareholders of 8.6% over the past three years. Upcoming Dividend • Oct 01
Upcoming dividend of CN¥0.08 per share Eligible shareholders must have bought the stock before 08 October 2024. Payment date: 08 October 2024. Trailing yield: 1.6%. Lower than top quartile of Chinese dividend payers (2.2%). Higher than average of industry peers (1.3%). Announcement • Sep 30
Nanhua Instruments Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Nanhua Instruments Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥10.21, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 33% over the past three years. New Risk • Sep 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 163% Dividend yield: 2.0% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (163% cash payout ratio). Large one-off items impacting financial results. Announcement • Sep 20
Nanhua Instruments Co., Ltd. Approves Interim Dividend for the Year 2024 Nanhua Instruments Co., Ltd. approved at its EGM held on 18 September 2024 the interim cash dividend/10 shares (tax included) of CNY 0.80000000 for the year 2024. Announcement • Jun 29
Nanhua Instruments Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Nanhua Instruments Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 26
Nanhua Instruments Co., Ltd., Annual General Meeting, May 17, 2024 Nanhua Instruments Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Reported Earnings • Apr 25
Full year 2023 earnings released: CN¥0.03 loss per share (vs CN¥0.24 loss in FY 2022) Full year 2023 results: CN¥0.03 loss per share (improved from CN¥0.24 loss in FY 2022). Revenue: CN¥112.2m (down 12% from FY 2022). Net loss: CN¥4.15m (loss narrowed 88% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Nanhua Instruments Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Nanhua Instruments Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 New Risk • Feb 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥702.5m (US$98.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥702.5m market cap, or US$98.8m). New Risk • Feb 02
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 6.5% 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 45% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Announcement • Dec 29
Nanhua Instruments Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Nanhua Instruments Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.004 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.002 (down from CN¥0.004 in 3Q 2022). Revenue: CN¥31.6m (down 7.7% from 3Q 2022). Net income: CN¥206.5k (down 59% from 3Q 2022). Profit margin: 0.7% (down from 1.5% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.012 loss per share (vs CN¥0.038 profit in 2Q 2022) Second quarter 2023 results: CN¥0.012 loss per share (down from CN¥0.038 profit in 2Q 2022). Revenue: CN¥30.3m (down 19% from 2Q 2022). Net loss: CN¥1.62m (down 131% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. New Risk • Aug 03
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 6.7% 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 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • May 12
Nanhua Instruments Co., Ltd. Approves Election of Directors Nanhua Instruments Co., Ltd. at its Annual General Meeting of 2022 on 08 May 2023 approved election and nomination of non-independent directors, Yang Yaoguang; Deng Zhiyi; and Yang Weiguang. Election and nomination of independent directors of Li Yuanbin, Guo Jianhua. Election and nomination of non-employee supervisors, of Li Yuan, He Huijie. Reported Earnings • Apr 16
Full year 2022 earnings released: CN¥0.24 loss per share (vs CN¥0.089 profit in FY 2021) Full year 2022 results: CN¥0.24 loss per share (down from CN¥0.089 profit in FY 2021). Revenue: CN¥128.1m (down 30% from FY 2021). Net loss: CN¥33.1m (down 371% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.036 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.004 (up from CN¥0.036 loss in 3Q 2021). Revenue: CN¥34.2m (up 4.5% from 3Q 2021). Net income: CN¥500.2k (up CN¥5.50m from 3Q 2021). Profit margin: 1.5% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.038 (vs CN¥0.055 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.038 (down from CN¥0.055 in 2Q 2021). Revenue: CN¥37.6m (down 25% from 2Q 2021). Net income: CN¥5.20m (down 32% from 2Q 2021). Profit margin: 14% (down from 15% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • May 20
Nanhua Instruments Co., Ltd. Approves Final Cash Dividend for the Year 2021 Nanhua Instruments Co., Ltd. approved final cash dividend of CNY 0.20000000 per 10 shares (tax included) for the year 2021, at its Annual General Meeting of 2021 held on 18 May 2022. . Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.089 (vs CN¥0.48 in FY 2020) Full year 2021 results: EPS: CN¥0.089 (down from CN¥0.48 in FY 2020). Revenue: CN¥182.1m (down 42% from FY 2020). Net income: CN¥12.2m (down 82% from FY 2020). Profit margin: 6.7% (down from 21% in FY 2020). The decrease in margin was driven by lower revenue. 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 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.036 loss per share (vs CN¥0.15 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥32.7m (down 68% from 3Q 2020). Net loss: CN¥5.00m (down 124% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat 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 • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.72, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 53% over the past three years. Announcement • May 21
Nanhua Instruments Co., Ltd. Approves Final Dividend for the Year 2020 Nanhua Instruments Co., Ltd. announced at the AGM held on May 18, 2021 that the company approved the profit distribution for 2020 as Cash dividend/10 shares (tax included) of CNY 2.50000000. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.23, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 33x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years. Announcement • Apr 30
Nanhua Instruments Co., Ltd. Announces Final Dividend for the Year 2020 Nanhua Instruments Co., Ltd. announced on April 28, 2021 the profit distribution proposal for 2020 as Cash dividend/10 shares (tax included) of CNY 2.50000000. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.48 (vs CN¥1.62 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥311.6m (down 48% from FY 2019). Net income: CN¥66.4m (down 70% from FY 2019). Profit margin: 21% (down from 37% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥16.86 The company is up 21% from a price of CN¥13.94 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Exceeded the Electronic industry, which is down 8.0% over the same period. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 43% share price gain to CN¥16.86, the stock trades at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 13.4x. Average P/E is 36x in the Electronic industry in China. Total returns to shareholders over the past three years are 44%. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥9.82, the stock is trading at a trailing P/E ratio of 11.1x, down from the previous P/E ratio of 14.1x. This compares to an average P/E of 37x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 8.0%. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥10.83 The company is down 38% from its price of CN¥17.36 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 4.0% over the same period. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥11.13, the stock is trading at a trailing P/E ratio of 12.6x, down from the previous P/E ratio of 14.8x. This compares to an average P/E of 40x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 12%. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥12.07 The company is down 30% from its price of CN¥17.29 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥13.94 The company is down 19% from its price of CN¥17.24 on 17 September 2020. The Chinese market is up 3.0% 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. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥16.35 The company is down 10.0% from its price of CN¥18.17 on 28 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat 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¥120.5m, down 26% from the prior year. Total revenue was CN¥415.6m over the last 12 months, down 10% from the prior year. Valuation Update With 7 Day Price Move • Oct 15
Market bids up stock over the past week After last week's 15% share price gain to CN¥19.24, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.8x. This compares to an average P/E of 50x in the Electronic industry in China. Total returns to shareholders over the past three years are 32%. Announcement • Aug 13
Nanhua Instruments Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Nanhua Instruments Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020