New Risk • Jun 18
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 Dividend is not well covered by cash flows (260% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥19.43, the stock trades at a trailing P/E ratio of 65.8x. Average trailing P/E is 75x in the Electronic industry in China. Total returns to shareholders of 6.0% over the past three years. New Risk • May 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 216% Dividend yield: 0.4% 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: Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥0.49 (vs CN¥0.79 in FY 2024) Full year 2025 results: EPS: CN¥0.49 (down from CN¥0.79 in FY 2024). Revenue: CN¥2.21b (up 3.8% from FY 2024). Net income: CN¥79.7m (down 37% from FY 2024). Profit margin: 3.6% (down from 5.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 30
Jiangsu Luokai Mechanical &Electrical Co., Ltd., Annual General Meeting, May 29, 2026 Jiangsu Luokai Mechanical &Electrical Co., Ltd., Annual General Meeting, May 29, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changzhou, Jiangsu China Tillkännagivande • Mar 30
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥29.20, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 56x in the Electronic industry in China. Total returns to shareholders of 125% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥28.38, the stock trades at a trailing P/E ratio of 46.5x. Average trailing P/E is 61x in the Electronic industry in China. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.49, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 137% over the past three years. Tillkännagivande • Dec 26
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.73, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 56x in the Electronic industry in China. Total returns to shareholders of 139% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥29.05, the stock trades at a trailing P/E ratio of 47.6x. Average trailing P/E is 53x in the Electronic industry in China. Total returns to shareholders of 152% over the past three years. New Risk • Nov 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Nov 18
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 9.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.57, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 55x in the Electronic industry in China. Total returns to shareholders of 62% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.09 (down from CN¥0.15 in 3Q 2024). Revenue: CN¥583.9m (up 17% from 3Q 2024). Net income: CN¥14.3m (down 42% from 3Q 2024). Profit margin: 2.4% (down from 5.0% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥18.88, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 59x in the Electronic industry in China. Total returns to shareholders of 60% over the past three years. Tillkännagivande • Sep 30
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥20.60, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 62x in the Electronic industry in China. Total returns to shareholders of 96% over the past three years. New Risk • Jul 15
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 6.8% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Tillkännagivande • Jun 30
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 30
Dividend increased to CN¥0.13 Dividend of CN¥0.13 is 25% higher than last year. Ex-date: 4th July 2025 Payment date: 4th July 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (15% 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 3.1% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥19.37, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 48x in the Electronic industry in China. Total returns to shareholders of 97% over the past three years. Tillkännagivande • Jun 02
Seven Stars Electric Co., LTD. signed equity transfer agreement to acquire 57.50% stake in Quanzhou Sevenstars Electric Co. Ltd from Jiangsu Luokai Mechanical &Electrical Co., Ltd. (SHSE:603829), Yan Tao, Chen Yuxin, Zhang Zhengchen, and Chen Yuexin for approximately CNY 110 million. Seven Stars Electric Co., LTD. signed equity transfer agreement to acquire 57.50% stake in Quanzhou Sevenstars Electric Co. Ltd from Jiangsu Luokai Mechanical &Electrical Co., Ltd. (SHSE:603829), Yan Tao, Chen Yuxin, Zhang Zhengchen, and Chen Yuexin for approximately CNY 110 million on May 31, 2025. A cash consideration of CNY 113.28 million will be paid by Seven Stars Electric Co., LTD. As part of consideration, CNY 113.28 million is paid towards common equity of Quanzhou Sevenstars Electric Co. Ltd.
For the period ending March 31, 2025, Quanzhou Sevenstars Electric Co. Ltd reported EBIT of CNY 87.51 million and net income of CNY 4.95 million.
The transaction is subject to approval of offer by Jiangsu Luokai Mechanical &Electrical shareholders. The deal has been approved by the Jiangsu Luokai Mechanical &Electrical board. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: CN¥0.79 (vs CN¥0.68 in FY 2023) Full year 2024 results: EPS: CN¥0.79 (up from CN¥0.68 in FY 2023). Revenue: CN¥2.13b (up 8.5% from FY 2023). Net income: CN¥126.2m (up 16% from FY 2023). Profit margin: 5.9% (up from 5.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 18% per year. Tillkännagivande • Apr 25
Jiangsu Luokai Mechanical &Electrical Co., Ltd., Annual General Meeting, May 23, 2025 Jiangsu Luokai Mechanical &Electrical Co., Ltd., Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changzhou, Jiangsu China Tillkännagivande • Mar 28
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Tillkännagivande • Dec 27
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.18 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.18 in 3Q 2023). Revenue: CN¥497.2m (down 3.3% from 3Q 2023). Net income: CN¥24.8m (down 14% from 3Q 2023). Profit margin: 5.0% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 09
Now 26% undervalued Over the last 90 days, the stock has risen 8.7% to CN¥14.65. The fair value is estimated to be CN¥19.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 22%. Tillkännagivande • Sep 30
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥14.94, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 47% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.27 (up from CN¥0.20 in 2Q 2023). Revenue: CN¥595.8m (up 9.2% from 2Q 2023). Net income: CN¥40.8m (up 30% from 2Q 2023). Profit margin: 6.8% (up from 5.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥14.31, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 36% over the past three years. Tillkännagivande • Jun 28
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Tillkännagivande • Apr 28
Jiangsu Luokai Mechanical &Electrical Co., Ltd., Annual General Meeting, May 17, 2024 Jiangsu Luokai Mechanical &Electrical Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changzhou, Jiangsu China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.11 (in line with 1Q 2023). Revenue: CN¥435.7m (up 16% from 1Q 2023). Net income: CN¥18.4m (up 4.2% from 1Q 2023). Profit margin: 4.2% (down from 4.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.41, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 3.8% over the past three years. Tillkännagivande • Mar 29
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥11.81, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. 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¥9.30, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 30x in the Electronic industry in China. Total loss to shareholders of 2.2% over the past three years. 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 6.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥13.44, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 33% over the past three years. Tillkännagivande • Dec 29
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥514.1m (up 9.3% from 3Q 2022). Net income: CN¥28.8m (up 51% from 3Q 2022). Profit margin: 5.6% (up from 4.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥545.8m (up 24% from 2Q 2022). Net income: CN¥31.3m (up 17% from 2Q 2022). Profit margin: 5.7% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥18.74, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 45x in the Electronic industry in China. Total returns to shareholders of 76% over the past three years. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.11 (up from CN¥0 in 1Q 2022). Revenue: CN¥377.2m (up 42% from 1Q 2022). Net income: CN¥17.6m (up CN¥17.6m from 1Q 2022). Profit margin: 4.7% (up from 0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.19 in 3Q 2021). Revenue: CN¥470.3m (up 29% from 3Q 2021). Net income: CN¥19.1m (down 31% from 3Q 2021). Profit margin: 4.1% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥13.45, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 35% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥439.7m (up 62% from 2Q 2021). Net income: CN¥26.6m (up 141% from 2Q 2021). Profit margin: 6.1% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.87, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 28x in the Electronic industry in China. Total loss to shareholders of 18% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0 (vs CN¥0.08 in 1Q 2021) First quarter 2022 results: EPS: CN¥0 (down from CN¥0.08 in 1Q 2021). Revenue: CN¥265.2m (up 14% from 1Q 2021). Net income: CN¥26.2k (down 100% from 1Q 2021). Profit margin: 0% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.15 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥365.8m (up 36% from 3Q 2020). Net income: CN¥27.5m (up 15% from 3Q 2020). Profit margin: 7.5% (down from 8.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.062 (vs CN¥0.17 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥271.5m (up 20% from 2Q 2020). Net income: CN¥11.1m (down 48% from 2Q 2020). Profit margin: 4.1% (down from 9.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 26
Jiangsu Luokai Mechanical &Electrical Co., Ltd. (SHSE:603829) agreed to acquire additional 50.5% majority stake in Jiangsu Kailong Electrics Co., Ltd. from Shanghai Electrical Apparatus Research Institute (Group) Co., Ltd. for CNY 57 million. Jiangsu Luokai Mechanical &Electrical Co., Ltd. (SHSE:603829) agreed to acquire additional 50.5% majority stake in Jiangsu Kailong Electrics Co., Ltd. from Shanghai Electrical Apparatus Research Institute (Group) Co., Ltd. for CNY 57 million on June 25, 2021. Post transaction, Shanghai Electrical Apparatus Research Institute (Group) Co., Ltd. will not have any stake in Jiangsu Kailong Electrics Co., Ltd. and Jiangsu Luokai Mechanical &Electrical Co., Ltd. will have 83.2967% stake in Jiangsu Luokai Mechanical &Electrical Co., Ltd., as a result of which, Jiangsu Luokai Mechanical &Electrical Co., Ltd. will become a subsidiary of Jiangsu Luokai Mechanical &Electrical Co., Ltd.
Jiangsu Kailong Electrics Co., Ltd. reported total assets of CNY 207.79 million and net assets of CNY 74.57 million for the year ended March 31, 2021. Jiangsu Kailong Electrics Co., Ltd. reported operating income of CNY 113.71 million, net loss of CNY 11.15 million, total assets of CNY 235.67 million and net assets of CNY 77.28 million for the year ended December 31, 2020. Transaction is unanimously approved by board of directors of Jiangsu Luokai Mechanical &Electrical Co., Ltd. and is pending approval of shareholders of Jiangsu Luokai Mechanical &Electrical Co., Ltd. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.01 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥231.7m (up 157% from 1Q 2020). Net income: CN¥12.0m (up 485% from 1Q 2020). Profit margin: 5.2% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥10.59 The company is down 20% from its price of CN¥13.17 on 25 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 3.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day low: CN¥11.27 The company is down 11% from its price of CN¥12.71 on 09 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 2.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥71.7m, up 43% from the prior year. Total revenue was CN¥780.1m over the last 12 months, up 33% from the prior year. Tillkännagivande • Oct 30
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 28
New 90-day low: CN¥11.65 The company is down 5.0% from its price of CN¥12.30 on 30 July 2020. The Chinese market is down 2.0% 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. Is New 90 Day High Low • Sep 21
New 90-day high: CN¥13.20 The company is up 26% from its price of CN¥10.50 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. Tillkännagivande • Jul 09
Jiangsu Luokai Mechanical &Electrical Co., Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Jiangsu Luokai Mechanical &Electrical Co., Ltd. announced that they will report first half, 2020 results on Aug 26, 2020 