Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥45.38, the stock trades at a trailing P/E ratio of 69.1x. Average forward P/E is 17x in the Auto Components industry in China. Total returns to shareholders of 128% over the past three years. Duyuru • Jun 30
Ningbo KBE Electrical Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • Jun 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 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (35% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Declared Dividend • May 23
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (22% 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 11% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Apr 25
Ningbo KBE Electrical Technology Co.,Ltd., Annual General Meeting, May 18, 2026 Ningbo KBE Electrical Technology Co.,Ltd., Annual General Meeting, May 18, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Ninghai County, Zhejiang China Duyuru • Mar 31
Ningbo KBE Electrical Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Duyuru • Dec 31
Ningbo KBE Electrical Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Duyuru • Sep 30
Ningbo KBE Electrical Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Duyuru • Jul 02
Ningbo KBE Electrical Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Duyuru • Apr 22
Ningbo KBE Electrical Technology Co.,Ltd. Proposes Final Cash Dividend for 2024 Ningbo KBE Electrical Technology Co.,Ltd. announced on 21 April 2025 the final profit distribution proposal for 2024 as follows:
Cash dividend/10 shares (tax included): CNY 3.00000000. Duyuru • Apr 21
Ningbo KBE Electrical Technology Co.,Ltd., Annual General Meeting, May 12, 2025 Ningbo KBE Electrical Technology Co.,Ltd., Annual General Meeting, May 12, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Ninghai County, Zhejiang China Duyuru • Apr 10
Ningbo KBE Electrical Technology Co.,Ltd. (SZSE:300863) announces an Equity Buyback for CNY 300 million worth of its shares. Ningbo KBE Electrical Technology Co.,Ltd. (SZSE:300863) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The repurchase price will not more than CNY 71 per Share. The repurchased shares will be used to convert convertible bonds issued by the company for employee equity incentives or conversion. The repurchases will be funded using company's own funds. The repurchase period will be not more than 3 months. Duyuru • Mar 31
Ningbo KBE Electrical Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Duyuru • Dec 31
Ningbo KBE Electrical Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥45.41, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Auto Components industry in China. Total returns to shareholders of 28% over the past year. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.36 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.32 (down from CN¥0.36 in 3Q 2023). Revenue: CN¥918.8m (flat on 3Q 2023). Net income: CN¥40.4m (down 10% from 3Q 2023). Profit margin: 4.4% (down from 4.9% in 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥44.46, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥52.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 48% over the past year. Duyuru • Sep 30
Ningbo KBE Electrical Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.37 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.37 in 2Q 2023). Revenue: CN¥872.0m (up 5.3% from 2Q 2023). Net income: CN¥46.4m (up 3.3% from 2Q 2023). Profit margin: 5.3% (down from 5.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Duyuru • Aug 21
Ningbo KBE Electrical Technology Co.,Ltd. (SZSE:300863) announces an Equity Buyback for CNY 280 million worth of its shares. Ningbo KBE Electrical Technology Co.,Ltd. (SZSE:300863) announces a share repurchase program. Under the program, the company will repurchase up to CNY 280 million worth of its shares. The repurchase price will not more than CNY 55 per Share. The repurchased shares will be used to convert convertible bonds issued by the company. If the company fails to transfer the shares repurchased this time within three years after the announcement of the results of the share repurchase and the share change, it will perform the procedures for reducing the registered capital in accordance with the law, and the untransferred shares will be cancelled. The repurchases will be funded using company's own funds or self-raised funds. The repurchase period will be not more than 3 months. New Risk • Jun 29
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 8.3% 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: Major Risks Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Duyuru • Jun 29
Ningbo KBE Electrical Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Duyuru • May 31
Ningbo KBE Electrical Technology Co.,Ltd. Announces 2023 Final Profit Distribution on A Shares, Payable on 06 June 2024 Ningbo KBE Electrical Technology Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares), Cash dividend/10 shares (tax included) of CNY 5.00000000. Record date is 05 June 2024. Ex-date is 06 June 2024. Payment date is 06 June 2024. New Risk • May 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.0% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥1.90 (vs CN¥1.69 in FY 2022) Full year 2023 results: EPS: CN¥1.90 (up from CN¥1.69 in FY 2022). Revenue: CN¥3.45b (up 17% from FY 2022). Net income: CN¥165.9m (up 19% from FY 2022). Profit margin: 4.8% (in line with FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Duyuru • Apr 20
Ningbo KBE Electrical Technology Co.,Ltd., Annual General Meeting, May 10, 2024 Ningbo KBE Electrical Technology Co.,Ltd., Annual General Meeting, May 10, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Ninghai County, Zhejiang China Duyuru • Mar 30
Ningbo KBE Electrical Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥32.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Auto Components industry in China. Duyuru • Dec 30
Ningbo KBE Electrical Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Ningbo KBE Electrical Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.61 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.51 (down from CN¥0.61 in 3Q 2022). Revenue: CN¥926.8m (up 8.7% from 3Q 2022). Net income: CN¥45.1m (down 11% from 3Q 2022). Profit margin: 4.9% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.52 (vs CN¥0.27 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.52 (up from CN¥0.27 in 2Q 2022). Revenue: CN¥828.3m (up 40% from 2Q 2022). Net income: CN¥44.9m (up 101% from 2Q 2022). Profit margin: 5.4% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China.