Board Change • May 20
High number of new and inexperienced directors There are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Deputy GM, Secretary & Director Feng Xiao is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 29
AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026 AVIC Chengdu Aircraft Company Limited, Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan China Announcement • Mar 31
AVIC Chengdu Aircraft Company Limited to Report Q1, 2026 Results on Apr 29, 2026 AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
AVIC Chengdu Aircraft Company Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 AVIC Chengdu Aircraft Company Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
AVIC Chengdu Aircraft Company Limited to Report Q3, 2025 Results on Oct 29, 2025 AVIC Chengdu Aircraft Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
AVIC Chengdu Aircraft Company Limited to Report First Half, 2025 Results on Aug 28, 2025 AVIC Chengdu Aircraft Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Jun 19
Avic Chengdu Aircraft Company Limited Declares First Quarter Dividend on A Share of Year 2025, Payable on 24 June 2025 AVIC Chengdu Aircraft Company Limited declared first quarter Cash dividend/10 shares (tax included) of CNY6.23000000 on A share of year 2025. Record date is 23 June 2025. Ex-date is 24 June 2025. Payment date is 24 June 2025. Announcement • May 20
AVIC Chengdu Aircraft Company Limited Approves Profit Distribution Plan for 2024 AVIC Chengdu Aircraft Company Limited held its 2nd Extraordinary General Meeting of 2025 on 16 May 2025, were approved 2024 profit distribution plan as Cash dividend/10 shares (tax included): CNY 6.23000000. Announcement • Apr 24
AVIC Chengdu Aircraft Company Limited Approves Cash Dividend for 2024 AVIC Chengdu Aircraft Company Limited at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.14000000 per 10 shares (tax included) for 2024. Announcement • Mar 31
AVIC Chengdu Aircraft Company Limited to Report Q1, 2025 Results on Apr 29, 2025 AVIC Chengdu Aircraft Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Mar 28
AVIC Chengdu Aircraft Company Limited, Annual General Meeting, Apr 21, 2025 AVIC Chengdu Aircraft Company Limited, Annual General Meeting, Apr 21, 2025, at 14:00 China Standard Time. Location: No. 39, Jingyi Road, Huangtianba, Qingyang District, Chengdu, Sichuan China Announcement • Jan 24
Zhonghang Electronic Measuring Instruments Co.,Ltd Announces Board Changes Zhonghang Electronic Measuring Instruments Co.,Ltd held its 1st Extraordinary General Meeting of 2025 on 22 January 2025 were approved; Sui Shaochun, non-independent director, Jiang Min, non-independent director, Meng Jinqiang, non-independent director, Li Shimin, non-independent director, Xu Dongsheng, non-independent director, Sun Shaoshan, non-independent director, Tian Gang, non-independent director, Ye Zhongming, independent director, Li Bo, independent director, Guo Jianfeng, independent director Liu Zhewei, independent director, Nie Xiaoming, non-employee supervisor, Zhou Xunwen, non-employee supervisor. Announcement • Dec 31
Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Fiscal Year 2024 Results on Mar 14, 2025 Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report fiscal year 2024 results on Mar 14, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.003 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.037 (up from CN¥0.003 loss in 3Q 2023). Revenue: CN¥370.4m (up 4.9% from 3Q 2023). Net income: CN¥19.2m (up CN¥20.8m from 3Q 2023). Profit margin: 5.2% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 74% per year, which means it is well ahead of 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 6.9% 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 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Q3, 2024 Results on Oct 24, 2024 Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report Q3, 2024 results on Oct 24, 2024 New Risk • Aug 31
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: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥492.4m (down 4.4% from 2Q 2023). Net income: CN¥63.8m (down 18% from 2Q 2023). Profit margin: 13% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Zhonghang Electronic Measuring Instruments Co.,Ltd to Report First Half, 2024 Results on Aug 29, 2024 Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.039 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.034 (down from CN¥0.039 in 1Q 2023). Revenue: CN¥325.7m (down 9.0% from 1Q 2023). Net income: CN¥20.2m (down 12% from 1Q 2023). Profit margin: 6.2% (down from 6.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Announcement • Mar 30
Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 16
Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 11, 2024 Zhonghang Electronic Measuring Instruments Co.,Ltd, Annual General Meeting, Apr 11, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Agenda: To consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 audit report; to consider 2023 annual accounts report; to consider 2023 profit distribution plan; to consider 2023 annual report and its summary; to consider 2023 ESG Report; to consider reappointment of 2024 audit firm;to consider 2024 connected transactions; to consider 2024 investment plan and increase of projects; and to consider 2024 financial budget report. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.33 in FY 2022) Full year 2023 results: EPS: CN¥0.17 (down from CN¥0.33 in FY 2022). Revenue: CN¥1.68b (down 12% from FY 2022). Net income: CN¥98.2m (down 49% from FY 2022). Profit margin: 5.9% (down from 10% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Announcement • Dec 30
Zhonghang Electronic Measuring Instruments Co.,Ltd to Report Fiscal Year 2023 Results on Mar 15, 2024 Zhonghang Electronic Measuring Instruments Co.,Ltd announced that they will report fiscal year 2023 results on Mar 15, 2024 New Risk • Oct 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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 (8.1% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.8% net profit margin). Reported Earnings • Oct 25
Third quarter 2023 earnings released: CN¥0.003 loss per share (vs CN¥0.12 profit in 3Q 2022) Third quarter 2023 results: CN¥0.003 loss per share (down from CN¥0.12 profit in 3Q 2022). Revenue: CN¥353.0m (down 31% from 3Q 2022). Net loss: CN¥1.59m (down 102% from profit in 3Q 2022). Revenue is forecast to grow 41% 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 but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. New Risk • Oct 13
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 8.1% 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (9.2% net profit margin). Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.17 in 2Q 2022). Revenue: CN¥515.1m (down 3.3% from 2Q 2022). Net income: CN¥77.9m (down 22% from 2Q 2022). Profit margin: 15% (down from 19% in 2Q 2022). Revenue is forecast to grow 42% 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 10% per year but the company’s share price has increased by 39% per year, which means it is well ahead of earnings. New Risk • Jul 27
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 7.3% 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 Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.039 (vs CN¥0.043 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.039 (down from CN¥0.043 in 1Q 2022). Revenue: CN¥357.8m (down 13% from 1Q 2022). Net income: CN¥22.9m (down 9.6% from 1Q 2022). Profit margin: 6.4% (up from 6.2% in 1Q 2022). The increase in margin was driven by lower expenses. Announcement • Feb 04
Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) agreed to acquire Chengdu Aircraft Industrial (Group) Co. Ltd. from Aviation Industry Corporation of China,Ltd. Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) agreed to acquire Chengdu Aircraft Industrial (Group) Co. Ltd. from Aviation Industry Corporation of China,Ltd. on February 1, 2023. Transaction is approved by Zhonghang Electronic's board. Transaction is subject to approval from Zhonghang Electronic's shareholders, 4.The assessment reports obtaining the filing of the authorized state-owned assets supervision and administration commission (SASAC), State Administration of Science, Technology and Industry for National Defense, Shenzhen Stock Exchange’s Approval, CSRC’s Approval and other necessary approval. Board Change • Feb 03
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. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. 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 • 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. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. 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 • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥512.3m (flat on 3Q 2021). Net income: CN¥69.8m (down 12% from 3Q 2021). Profit margin: 14% (down from 16% in 3Q 2021). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.25 in 2Q 2021). Revenue: CN¥532.4m (down 14% from 2Q 2021). Net income: CN¥99.5m (down 33% from 2Q 2021). Profit margin: 19% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 38%, compared to a 27% growth forecast for the Electronic industry in China. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.068 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.043 (down from CN¥0.068 in 1Q 2021). Revenue: CN¥409.3m (down 1.6% from 1Q 2021). Net income: CN¥25.3m (down 37% from 1Q 2021). Profit margin: 6.2% (down from 9.7% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 25%, compared to a 24% growth forecast for the industry in China. 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. 5 experienced directors. No highly experienced directors. Supervisor Changxun Yuan is the most experienced director on the board, commencing their role in 2018. 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 • Apr 03
Full year 2021 earnings released: EPS: CN¥0.52 (vs CN¥0.45 in FY 2020) Full year 2021 results: EPS: CN¥0.52 (up from CN¥0.45 in FY 2020). Revenue: CN¥1.94b (up 10% from FY 2020). Net income: CN¥307.0m (up 17% from FY 2020). Profit margin: 16% (in line with FY 2020). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.13 in 3Q 2020) The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥509.7m (flat on 3Q 2020). Net income: CN¥79.5m (up 2.2% from 3Q 2020). Profit margin: 16% (in line with 3Q 2020). Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥618.9m (up 24% from 2Q 2020). Net income: CN¥147.5m (up 35% from 2Q 2020). Profit margin: 24% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥18.66, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.92, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 28% over the past year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.068 (vs CN¥0.057 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥416.1m (up 29% from 1Q 2020). Net income: CN¥40.3m (up 20% from 1Q 2020). Profit margin: 9.7% (in line with 1Q 2020). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.36 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.76b (up 14% from FY 2019). Net income: CN¥262.5m (up 24% from FY 2019). Profit margin: 15% (up from 14% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥12.99, the stock is trading at a trailing P/E ratio of 31.6x, down from the previous P/E ratio of 38.8x. This compares to an average P/E of 40x in the Electronic industry in China. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥13.38 The company is down 18% from its price of CN¥16.28 on 29 October 2020. The Chinese market is up 12% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.59 per share. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥13.93 The company is down 6.0% from its price of CN¥14.81 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.59 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥247.3m, up 18% from the prior year. Total revenue was CN¥1.72b over the last 12 months, up 13% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day high: CN¥17.73 The company is up 30% from its price of CN¥13.65 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.98 per share.