Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥15.39, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years. Tillkännagivande • Jun 30
Shanghai Welltech Automation Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Shanghai Welltech Automation Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.05 (vs CN¥0.04 loss in 1Q 2025) First quarter 2026 results: EPS: CN¥0.05 (up from CN¥0.04 loss in 1Q 2025). Revenue: CN¥182.4m (up CN¥157.9m from 1Q 2025). Net income: CN¥7.51m (up CN¥13.2m from 1Q 2025). Profit margin: 4.1% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 29
Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, May 22, 2026 Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shanghai China Tillkännagivande • Mar 31
Shanghai Welltech Automation Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shanghai Welltech Automation Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Tillkännagivande • Dec 31
Shanghai Welltech Automation Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 02, 2026 Shanghai Welltech Automation Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 02, 2026 Board Change • Dec 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Wei Zhao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.014 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.014 loss in 3Q 2024). Revenue: CN¥537.0m (up CN¥489.3m from 3Q 2024). Net income: CN¥18.3m (up CN¥20.8m from 3Q 2024). Profit margin: 3.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥25.55, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 121% over the past three years. New Risk • Oct 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 28% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (193% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Tillkännagivande • Sep 30
Shanghai Welltech Automation Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shanghai Welltech Automation Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 16
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 High level of non-cash earnings (193% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥21.66, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 70% over the past three years. Reported Earnings • Sep 03
Second quarter 2025 earnings released: EPS: CN¥1.24 (vs CN¥0.02 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥1.24 (up from CN¥0.02 loss in 2Q 2024). Revenue: CN¥26.5m (down 27% from 2Q 2024). Net income: CN¥182.7m (up CN¥185.3m from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jul 02
Shanghai Welltech Automation Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Shanghai Welltech Automation Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 29
Full year 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.12 loss in FY 2023) Full year 2024 results: CN¥0.12 loss per share (further deteriorated from CN¥0.12 loss in FY 2023). Revenue: CN¥162.5m (up 3.8% from FY 2023). Net loss: CN¥17.2m (loss widened 1.1% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Tillkännagivande • Apr 29
Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, May 27, 2025 Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, May 27, 2025, at 14:00 China Standard Time. Tillkännagivande • Mar 31
Shanghai Welltech Automation Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shanghai Welltech Automation Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Feb 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 11% 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 (11% average weekly change). Earnings have declined by 27% per year over the past 5 years. Tillkännagivande • Dec 31
Shanghai Welltech Automation Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shanghai Welltech Automation Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Dec 24
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 11% 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 27% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.014 loss per share (vs CN¥0.02 loss in 3Q 2023) Third quarter 2024 results: CN¥0.014 loss per share (improved from CN¥0.02 loss in 3Q 2023). Revenue: CN¥47.6m (up 40% from 3Q 2023). Net loss: CN¥2.58m (loss narrowed 6.0% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Tillkännagivande • Oct 11
Shanghai Welltech Automation Co.,Ltd. Appoints Executive Changes Shanghai Welltech Automation Co.,Ltd. at its EGM held on 09 October 2024 appointed Liu Yufeng and Song Yali as non-independent director; Hu Yunhua and Zhao Wei as independent director; Sun Yizhou and non-employee supervisor. Tillkännagivande • Sep 30
Shanghai Welltech Automation Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Shanghai Welltech Automation Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Reported Earnings • Sep 04
Second quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.009 loss in 2Q 2023) Second quarter 2024 results: CN¥0.02 loss per share (further deteriorated from CN¥0.009 loss in 2Q 2023). Revenue: CN¥36.3m (down 13% from 2Q 2023). Net loss: CN¥2.60m (loss widened 81% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jun 29
Shanghai Welltech Automation Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Shanghai Welltech Automation Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Tillkännagivande • Apr 29
Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, Jun 06, 2024 Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, Jun 06, 2024, at 14:00 China Standard Time. Location: 6F, No. 263, Hongzhong Road, Minhang District, Shanghai China Reported Earnings • Apr 28
Full year 2023 earnings released: CN¥0.12 loss per share (vs CN¥0.15 loss in FY 2022) Full year 2023 results: CN¥0.12 loss per share (improved from CN¥0.15 loss in FY 2022). Revenue: CN¥156.6m (up 6.1% from FY 2022). Net loss: CN¥17.1m (loss narrowed 19% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 30
Shanghai Welltech Automation Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shanghai Welltech Automation Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Tillkännagivande • Dec 30
Shanghai Welltech Automation Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shanghai Welltech Automation Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Dec 01
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 6.1% 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 (6.1% average weekly change). Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.008 loss in 3Q 2022) Third quarter 2023 results: CN¥0.02 loss per share (further deteriorated from CN¥0.008 loss in 3Q 2022). Revenue: CN¥34.0m (down 21% from 3Q 2022). Net loss: CN¥2.75m (loss widened 108% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.009 loss per share (vs CN¥0.046 loss in 2Q 2022) Second quarter 2023 results: CN¥0.009 loss per share (improved from CN¥0.046 loss in 2Q 2022). Revenue: CN¥41.8m (up 83% from 2Q 2022). Net loss: CN¥1.44m (loss narrowed 75% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Tillkännagivande • May 19
Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, Jun 08, 2023 Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, Jun 08, 2023, at 14:00 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 accounts; to consider 2022 profit distribution plan; to consider 2022 annual report and its summary; to consider Reappointment of 2023 audit firm; to consider Provision of estimated guarantee quota for a wholly-owned subsidiary; and to consider Provision of estimated guarantee quota for another wholly-owned subsidiary. Reported Earnings • Apr 28
Full year 2022 earnings released: CN¥0.15 loss per share (vs CN¥0.10 profit in FY 2021) Full year 2022 results: CN¥0.15 loss per share (down from CN¥0.10 profit in FY 2021). Revenue: CN¥147.7m (down 40% from FY 2021). Net loss: CN¥21.0m (down 244% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 17
Shanghai Welltech Automation Co.,Ltd. Approves Management Appointments Shanghai Welltech Automation Co.,Ltd. announced at the EGM held on November 15, 2022 that the company approved election of Sun Yizhou and Liu Han as non-employee supervisors. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Independent Director Jianchun Han is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Sep 22
Shanghai Welltech Automation Co.,Ltd. Announces Executive Appointments Shanghai Welltech Automation Co.,Ltd. announced that at Extraordinary General Meeting held on 19 September 2022, approved election of 6 non-independent directors, cumulative voting system applicable: Xia Guang, Chen Heng, Lin Ziyao and Sun Wanqing; Election of 3 independent directors, cumulative voting system applicable: Han Jianchun, Song Shan and Liu Huaiyu; Election of non-employee supervisors, cumulative voting system applicable: The following proposal(s) was/were vetoed: Yu Shixin, Chen Yan, Sun Yizhou and Liu Han. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.046 loss per share (vs CN¥0.003 profit in 2Q 2021) Second quarter 2022 results: CN¥0.046 loss per share (down from CN¥0.003 profit in 2Q 2021). Revenue: CN¥22.8m (down 11% from 2Q 2021). Net loss: CN¥5.72m (down CN¥6.32m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • May 07
Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, May 27, 2022 Shanghai Welltech Automation Co.,Ltd., Annual General Meeting, May 27, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; and to consider reappointment of 2022 audit firm. Reported Earnings • May 05
First quarter 2022 earnings released: CN¥0.016 loss per share (vs CN¥0.005 loss in 1Q 2021) First quarter 2022 results: CN¥0.016 loss per share (down from CN¥0.005 loss in 1Q 2021). Revenue: CN¥31.4m (up 113% from 1Q 2021). Net loss: CN¥2.23m (loss widened 185% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Apr 20
Shanghai Welltech Automation Co.,Ltd. to Report Fiscal Year 2021 Results on Apr 30, 2022 Shanghai Welltech Automation Co.,Ltd. announced that they will report fiscal year 2021 results on Apr 30, 2022 Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.066 (vs CN¥0.005 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥38.0m (up 74% from 3Q 2020). Net income: CN¥4.29m (up CN¥3.58m from 3Q 2020). Profit margin: 11% (up from 3.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.003 (vs CN¥0.012 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¥25.7m (up 17% from 2Q 2020). Net income: CN¥602.9k (down 68% from 2Q 2020). Profit margin: 2.3% (down from 8.6% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2021 earnings released: CN¥0.005 loss per share (vs CN¥0.029 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥14.7m (up 45% from 1Q 2020). Net loss: CN¥782.7k (loss narrowed 81% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 10
Full year 2020 earnings released: CN¥0.005 loss per share (vs CN¥0.10 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥82.3m (down 8.0% from FY 2019). Net loss: CN¥647.7k (loss narrowed 95% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 15
New 90-day low: CN¥10.13 The company is down 34% from a price of CN¥15.35 on 15 December 2020. Underperformed the Chinese market, which is flat over the last 90 days. Lagged the Electronic industry, which is down 6.0% over the same period. Tillkännagivande • Jan 22
Shanghai Welltech Automation Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 09, 2021 Shanghai Welltech Automation Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 09, 2021 Is New 90 Day High Low • Jan 06
New 90-day low: CN¥12.31 The company is down 25% from its price of CN¥16.50 on 30 September 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 9.0% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥15.35 The company is down 5.0% from its price of CN¥16.23 on 16 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 flat over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥15.50 The company is down 21% from its price of CN¥19.72 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥9.36m, with losses widening by 226% from the prior year. Total revenue was CN¥79.1m over the last 12 months, down 23% from the prior year. Tillkännagivande • Sep 22
Shanghai Welltech Automation Co.,Ltd. (SZSE:002058) agreed to acquire Ningbo Zixin Technology Co., Ltd. for CNY 2.30 million. Shanghai Welltech Automation Co.,Ltd. (SZSE:002058) agreed to acquire Ningbo Zixin Technology Co., Ltd. for CNY 2.30 million on August 17, 2020.
Shanghai Welltech Automation Co.,Ltd. (SZSE:002058) completed the acquisition of Ningbo Zixin Technology Co., Ltd. on September 18, 2020. Shanghai Welltech Automation Co.,Ltd. will use its own funds of CNY2.30 million to invest in Ningbo Zixin Technology Co., Ltd. The board of directors Shanghai Welltech Automation Co.,Ltd. approved the transaction. Tillkännagivande • Aug 13
Shanghai Welltech Automation Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Shanghai Welltech Automation Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020