Valuation Update With 7 Day Price Move • 5m
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.98, the stock trades at a trailing P/E ratio of 22.5x. Average trailing P/E is 82x in the Electronic industry in China. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥16.88, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 75x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years. Buy Or Sell Opportunity • May 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥13.30. The fair value is estimated to be CN¥16.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 4.0%. Declared Dividend • May 25
Dividend of CN¥0.28 announced Shareholders will receive a dividend of CN¥0.28. Ex-date: 26th May 2026 Payment date: 26th May 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (247% cash payout ratio). The dividend has increased by an average of 34% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 47% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.13 (down from CN¥0.17 in 1Q 2025). Revenue: CN¥348.3m (up 5.8% from 1Q 2025). Net income: CN¥53.9m (down 24% from 1Q 2025). Profit margin: 16% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Announcement • Apr 23
Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 15, 2026 Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 15, 2026, at 15:00 China Standard Time. Location: Room 702, No. 800, Songda Road, Qingpu District, Shanghai China Announcement • Mar 31
Zenner Metering Technology (Shanghai) Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Dec 31
Zenner Metering Technology (Shanghai) Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Zenner Metering Technology (Shanghai) Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.25 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.25. Revenue: CN¥483.3m (up 14% from 3Q 2024). Net income: CN¥102.6m (flat on 3Q 2024). Profit margin: 21% (down from 24% in 3Q 2024). The decrease in margin was driven by higher expenses. Announcement • Sep 30
Zenner Metering Technology (Shanghai) Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Sep 12
Zenner Metering Technology (Shanghai) Ltd. Approves Interim Cash Dividend for the Year 2025 Zenner Metering Technology (Shanghai) Ltd. announced that at its EGM held on September 10, 2025, shareholders approved the interim cash dividend of CNY 1.00 per 10 shares (tax included) for the year 2025. New Risk • Sep 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Aug 27
Zenner Metering Technology (Shanghai) Ltd. Proposes Interim Profit Distribution Plan for 2025 Zenner Metering Technology (Shanghai) Ltd. announced that at the Extraordinary General Meeting of 2025 to be held on 10 September 2025 proposed 2025 interim profit distribution plan as Cash dividend/10 shares (tax included): CNY 1.00000000. Announcement • Jul 02
Zenner Metering Technology (Shanghai) Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥16.48, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 49x in the Electronic industry in China. Total returns to shareholders of 46% over the past year. Declared Dividend • May 31
Dividend of CN¥0.25 announced Shareholders will receive a dividend of CN¥0.25. Ex-date: 6th June 2025 Payment date: 6th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (44% 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 49% per year over the past 2 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 51% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2024). Revenue: CN¥329.3m (up 22% from 1Q 2024). Net income: CN¥70.7m (up 11% from 1Q 2024). Profit margin: 22% (down from 24% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Apr 24
Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 14, 2025 Zenner Metering Technology (Shanghai) Ltd., Annual General Meeting, May 14, 2025, at 15:00 China Standard Time. Location: Room 702, No. 800, Songda Road, Qingpu District, Shanghai China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.42, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 48x in the Electronic industry in China. Total loss to shareholders of 2.5% over the past year. Announcement • Mar 31
Zenner Metering Technology (Shanghai) Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Zenner Metering Technology (Shanghai) Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Zenner Metering Technology (Shanghai) Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Announcement • Oct 30
Zenner Metering Technology (Shanghai) Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Zenner Metering Technology (Shanghai) Ltd. announced on 29 October 2024 the profit distribution proposal for the third quarter of 2024 as follows:
Cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.19 in 3Q 2023). Revenue: CN¥422.5m (up 1.3% from 3Q 2023). Net income: CN¥103.0m (up 33% from 3Q 2023). Profit margin: 24% (up from 19% in 3Q 2023). Announcement • Sep 30
Zenner Metering Technology (Shanghai) Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Zenner Metering Technology (Shanghai) 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 23% After last week's 23% share price gain to CN¥13.05, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 12% over the past year. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.16 in 2Q 2023). Revenue: CN¥336.7m (down 1.4% from 2Q 2023). Net income: CN¥65.6m (up 2.7% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). Announcement • Jun 29
Zenner Metering Technology (Shanghai) Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 03
Dividend increased to CN¥0.35 Dividend of CN¥0.35 is 59% higher than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 1.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 66% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Announcement • Jun 01
Zenner Metering Technology (Shanghai) Ltd. Announces Final Profit Distribution Plan to Be Implemented (A Shares) for the Year 2023, Payable on 7 June 2024 Zenner Metering Technology (Shanghai) Ltd. announced final profit distribution plan to be implemented (A shares) of CNY 3.50000000 for the year 2023. Record date: 06 June 2024. Ex-date: 07 June 2024.Payment date: 07 June 2024. New Risk • May 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥270.8m (up 1.2% from 1Q 2023). Net income: CN¥64.0m (up 29% from 1Q 2023). Profit margin: 24% (up from 19% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Announcement • Mar 30
Zenner Metering Technology (Shanghai) Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥13.69, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 32x in the Electronic industry in China. Announcement • Dec 30
Zenner Metering Technology (Shanghai) Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Zenner Metering Technology (Shanghai) Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Announcement • Nov 15
Zenner Metering Technology (Shanghai) Ltd. Announces Executive Appointments Zenner Metering Technology (Shanghai) Ltd. announced that at the Extraordinary General Meeting of 2023 held on 10 November 2023 approved the election of Tang Guibao as independent director and Wei Guanghui as non-employee supervisor. Reported Earnings • Oct 25
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.27. Revenue: CN¥416.9m (up 21% from 3Q 2022). Net income: CN¥77.6m (up 32% from 3Q 2022). Profit margin: 19% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥341.3m (up 41% from 2Q 2022). Net income: CN¥63.8m (up 77% from 2Q 2022). Profit margin: 19% (up from 15% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • Jul 01
ZENNER Metering Technology (Shanghai) Ltd. to Report First Half, 2023 Results on Aug 25, 2023 ZENNER Metering Technology (Shanghai) Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • May 19
Zenner Metering Technology (Shanghai) Ltd. Approves Cash Dividend for the Year of 2022 ZENNER Metering Technology (Shanghai) Ltd. held its Annual General Meeting of 2022 on 15 May 2023, during which the following proposal(s) was/were approved: Cash dividend/10 shares (tax included): CNY 2.20000000 per ten shares. Board Change • Feb 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.