Duyuru • Jun 17
IKD Co., Ltd. (SHSE:600933) announces an Equity Buyback for CNY 200 million worth of its shares. IKD Co., Ltd. (SHSE:600933) ) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be repurchased at a price not more than CNY 24.9 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives, and shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be financed via own funds or special repurchase loans. The authorization will be valid for a period of 12 months from board approval date.
Effective from June 16, 2026, the company announced that it has adjusted its repurchase price from CNY 24.9 per share to CNY 24.5 per share. Declared Dividend • Jun 11
Dividend increased to CN¥0.40 Dividend of CN¥0.40 is 33% higher than last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xinmin Bao was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 30
IKD Co., Ltd., Annual General Meeting, May 20, 2026 IKD Co., Ltd., Annual General Meeting, May 20, 2026, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China Duyuru • Mar 30
IKD Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 IKD Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Dec 26
IKD Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 IKD Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Duyuru • Sep 30
IKD Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 IKD Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Duyuru • Jun 30
IKD Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 IKD Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Mar 31
IKD Co., Ltd., Annual General Meeting, Apr 29, 2025 IKD Co., Ltd., Annual General Meeting, Apr 29, 2025, at 13:00 China Standard Time. Location: 3F, No. 588, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China Duyuru • Mar 28
IKD Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 IKD Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 27
IKD Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2025 IKD Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.37, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 9.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.69 per share. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥1.72b (up 8.4% from 3Q 2023). Net income: CN¥292.0m (up 45% from 3Q 2023). Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Sep 30
IKD Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 IKD Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.44, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.80 per share. Buy Or Sell Opportunity • Sep 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to CN¥12.55. The fair value is estimated to be CN¥15.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Buy Or Sell Opportunity • Aug 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to CN¥11.87. The fair value is estimated to be CN¥14.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 62% in 2 years. Earnings are forecast to grow by 54% in the next 2 years. Duyuru • Jun 28
IKD Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 IKD Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Duyuru • Apr 29
IKD Co., Ltd., Annual General Meeting, May 17, 2024 IKD Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: No. 577, Jinshan Road, Jiangbei District, Ningbo, Zhejiang China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥1.03 (vs CN¥0.74 in FY 2022) Full year 2023 results: EPS: CN¥1.03 (up from CN¥0.74 in FY 2022). Revenue: CN¥5.96b (up 40% from FY 2022). Net income: CN¥913.4m (up 41% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Apr 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Duyuru • Mar 29
IKD Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 IKD Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Duyuru • Dec 29
IKD Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 IKD Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥1.59b (up 33% from 3Q 2022). Net income: CN¥201.8m (up 3.9% from 3Q 2022). Profit margin: 13% (down from 16% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥1.39b (up 49% from 2Q 2022). Net income: CN¥226.5m (up 77% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. New Risk • Jul 26
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 6.7% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Duyuru • May 16
IKD Co., Ltd. announced a financing transaction IKD Co., Ltd. announced a private placement of A shares on May 15, 2023. The transaction has been approved at the first extraordinary general meeting of shareholders in 2023. Buying Opportunity • Apr 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥23.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: CN¥0.74 (vs CN¥0.36 in FY 2021) Full year 2022 results: EPS: CN¥0.74 (up from CN¥0.36 in FY 2021). Revenue: CN¥4.27b (up 33% from FY 2021). Net income: CN¥648.5m (up 109% from FY 2021). Profit margin: 15% (up from 9.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.94, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Auto Components industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.13 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.99, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.82 per share. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.091 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.091 in 3Q 2021). Revenue: CN¥1.19b (up 53% from 3Q 2021). Net income: CN¥194.2m (up 141% from 3Q 2021). Profit margin: 16% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥20.24, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 106% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.28 per share. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.99, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.32 per share. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥930.5m (up 21% from 2Q 2021). Net income: CN¥128.3m (up 42% from 2Q 2021). Profit margin: 14% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 35% growth forecast for the Auto Components industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.39, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 27x in the Auto Components industry in China. Total returns to shareholders of 137% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥19.80, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 30x in the Auto Components industry in China. Total returns to shareholders of 157% over the past three years. Board Change • May 29
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥902.9m (up 13% from 1Q 2021). Net income: CN¥84.9m (down 21% from 1Q 2021). Profit margin: 9.4% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xiaobo Wu was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.36 (down from CN¥0.50 in FY 2020). Revenue: CN¥3.21b (up 24% from FY 2020). Net income: CN¥309.9m (down 27% from FY 2020). Profit margin: 9.7% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 33% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥13.94, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Auto Components industry in China. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥21.24, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the Auto Components industry in China. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.77, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 26x in the Auto Components industry in China. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥16.99, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Auto Components industry in China. Total returns to shareholders of 112% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.091 (vs CN¥0.13 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥780.4m (up 9.3% from 3Q 2020). Net income: CN¥80.6m (down 27% from 3Q 2020). Profit margin: 10% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.057 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥770.2m (up 84% from 2Q 2020). Net income: CN¥90.6m (up 100% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥801.4m (up 31% from 1Q 2020). Net income: CN¥107.6m (up 11% from 1Q 2020). Profit margin: 13% (down from 16% in 1Q 2020). Reported Earnings • Mar 26
Full year 2020 earnings released: EPS CN¥0.50 (vs CN¥0.52 in FY 2019) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.59b (down 1.4% from FY 2019). Net income: CN¥425.9m (down 3.1% from FY 2019). Profit margin: 16% (in line with FY 2019). Is New 90 Day High Low • Feb 20
New 90-day high: CN¥17.63 The company is up 4.0% from its price of CN¥16.94 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Auto Components industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.60 per share. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 15% share price gain to CN¥16.94, the stock is trading at a trailing P/E ratio of 36.1x, up from the previous P/E ratio of 31.3x. This compares to an average P/E of 40x in the Auto Components industry in China. Total returns to shareholders over the past year are 52%. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥15.23 The company is up 6.0% from its price of CN¥14.34 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.84 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥398.7m, largely unchanged from the prior year. Total revenue was CN¥2.44b over the last 12 months, down 4.6% from the prior year. Duyuru • Jul 08
IKD Co., Ltd. to Report First Half, 2020 Results on Aug 19, 2020 IKD Co., Ltd. announced that they will report first half, 2020 results on Aug 19, 2020