New Risk • Apr 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. 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: Major Risk High level of non-cash earnings (83% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.061 (vs CN¥0.075 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.061 (down from CN¥0.075 in 1Q 2025). Revenue: CN¥6.67b (up 66% from 1Q 2025). Net income: CN¥47.8m (down 19% from 1Q 2025). Profit margin: 0.7% (down from 1.5% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Price Target Changed • Apr 01
Price target increased by 7.5% to CN¥23.60 Up from CN¥21.95, the current price target is an average from 3 analysts. New target price is 25% above last closing price of CN¥18.94. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥1.32 for next year compared to CN¥0.44 last year. Duyuru • Mar 31
Windey Energy Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Windey Energy Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Mar 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 77% 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 Risk High level of non-cash earnings (77% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Duyuru • Mar 23
Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 15, 2026 Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 15, 2026, at 13:30 China Standard Time. Location: 23F, Tower A, No. 391, Wen'er Road, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥18.19, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 14% over the past three years. Duyuru • Dec 31
Windey Energy Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026 Windey Energy Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥7.59b (up 43% from 3Q 2024). Net income: CN¥107.8m (down 9.6% from 3Q 2024). Profit margin: 1.4% (down from 2.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥16.95, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electrical industry in China. Total loss to shareholders of 7.4% over the past three years. Duyuru • Sep 30
Windey Energy Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 05
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 10% 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 • Sep 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥19.08, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electrical industry in China. Total loss to shareholders of 6.8% over the past three years. Price Target Changed • Sep 04
Price target increased by 12% to CN¥19.34 Up from CN¥17.21, the current price target is an average from 3 analysts. New target price is 22% above last closing price of CN¥15.90. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.67 last year. Duyuru • Jul 02
Windey Energy Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jul 02
Dividend increased to CN¥0.06 Dividend of CN¥0.06 is 20% higher than last year. Ex-date: 8th July 2025 Payment date: 8th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 145% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 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 9.0% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥12.72, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 39% over the past three years. Duyuru • May 22
Windey Energy Technology Group Co., Ltd. Approves Dividend for 2024 Windey Energy Technology Group Co., Ltd. held its Annual General Meeting of 2024 on 16 May 2025, approved Cash dividend/10 shares (tax included): CNY0.60000000 for 2024. New Risk • May 01
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Board Change • Apr 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Bin Pan was the last independent director to join the board, commencing their role in 2022. 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 • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥9.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 38% over the past three years. Duyuru • Apr 01
Windey Energy Technology Group Co., Ltd. Proposes Final Cash Dividend for the Year 2024 On March 31, 2025, Windey Energy Technology Group Co., Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.60000000. Duyuru • Mar 31
Windey Energy Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: CN¥0.67 (up from CN¥0.60 in FY 2023). Revenue: CN¥22.2b (up 19% from FY 2023). Net income: CN¥464.8m (up 12% from FY 2023). Profit margin: 2.1% (in line with FY 2023). Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • Mar 29
Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 16, 2025 Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 16, 2025, at 13:30 China Standard Time. Location: 23F, Tower A, No. 391, Wen'er Road, Hangzhou, Zhejiang China Duyuru • Dec 31
Windey Energy Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Windey Energy Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥15.21, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 39% over the past three years. New Risk • Nov 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 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 High level of non-cash earnings (40% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥5.30b (up 26% from 3Q 2023). Net income: CN¥119.3m (up 16% from 3Q 2023). Profit margin: 2.3% (down from 2.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 30% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.17, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 59% over the past three years. 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 7.1% 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. This is currently the only risk that has been identified for the company. Duyuru • Sep 30
Windey Energy Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥11.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 58% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.11 in 2Q 2023). Revenue: CN¥4.88b (up 37% from 2Q 2023). Net income: CN¥76.8m (up 3.1% from 2Q 2023). Profit margin: 1.6% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥11.38, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 29% over the past three years. Declared Dividend • Jul 05
Dividend reduced to CN¥0.05 Dividend of CN¥0.05 is 50% lower than last year. Ex-date: 10th July 2024 Payment date: 10th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 128% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 29
Windey Energy Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Major Estimate Revision • Jun 25
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.05 to CN¥0.83. Revenue forecast unchanged from CN¥20.0b at last update. Net income forecast to grow 55% next year vs 43% growth forecast for Electrical industry in China. Consensus price target of CN¥13.10 unchanged from last update. Share price fell 11% to CN¥9.33 over the past week. Duyuru • Apr 29
Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 17, 2024 Windey Energy Technology Group Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 23F, Tower A, No. 391, Wen'er Road, Hangzhou, Zhejiang China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.10 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.10 in 1Q 2023). Revenue: CN¥3.75b (up 7.8% from 1Q 2023). Net income: CN¥70.7m (down 4.2% from 1Q 2023). Profit margin: 1.9% (down from 2.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥0.60 (down from CN¥1.00 in FY 2022). Revenue: CN¥18.7b (up 7.7% from FY 2022). Net income: CN¥414.1m (down 33% from FY 2022). Profit margin: 2.2% (down from 3.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Mar 30
Windey Energy Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 13% over the past three years. Duyuru • Dec 29
Windey Energy Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Windey Energy Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Price Target Changed • Nov 22
Price target decreased by 24% to CN¥13.10 Down from CN¥17.21, the current price target is provided by 1 analyst. New target price is 21% above last closing price of CN¥10.87. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥1.00 last year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.31 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.31 in 3Q 2022). Revenue: CN¥4.20b (up 9.1% from 3Q 2022). Net income: CN¥102.8m (down 38% from 3Q 2022). Profit margin: 2.5% (down from 4.3% in 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. 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 2% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 30
Zhejiang Windey Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Zhejiang Windey Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥3.55b (up 5.7% from 2Q 2022). Net income: CN¥74.5m (down 59% from 2Q 2022). Profit margin: 2.1% (down from 5.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 06
Zhejiang Windey Co.,Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 10, 2023 Zhejiang Windey Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2022. Record date is July 10, 2023. Ex-date is July 11, 2023. Payment date is July 11, 2023. Duyuru • May 18
Zhejiang Windey Co.,Ltd. Approves Cash Dividend for 2022 Zhejiang Windey Co.,Ltd. announced that at the Annual General Meeting of 2022 held on 16 May 2023 approved Cash dividend/10 shares (tax included) of CNY 1.00000000 for 2022. Reported Earnings • Apr 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥1.00 (up from CN¥0.99 in FY 2021). Revenue: CN¥17.4b (up 8.4% from FY 2021). Net income: CN¥616.5m (up 26% from FY 2021). Profit margin: 3.5% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 20%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 18
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. 4 experienced directors. No highly experienced directors. Independent Director Ying Li is the most experienced director on the board, commencing their role in 2020. 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¥0.31 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.27 in 3Q 2021). Revenue: CN¥3.85b (up 2.1% from 3Q 2021). Net income: CN¥164.6m (up 27% from 3Q 2021). Profit margin: 4.3% (up from 3.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥21.08, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥19.91, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 119% over the past three years. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.18 in 2Q 2021). Revenue: CN¥3.36b (up 12% from 2Q 2021). Net income: CN¥183.2m (up 118% from 2Q 2021). Profit margin: 5.5% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.1%, compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥21.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥28.43, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 207% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥23.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Electrical industry in China. Total returns to shareholders of 129% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥19.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 79% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.33 (up from CN¥0.092 in 1Q 2021). Revenue: CN¥3.41b (up 69% from 1Q 2021). Net income: CN¥111.8m (up 158% from 1Q 2021). Profit margin: 3.3% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 7.9%, compared to a 57% growth forecast for the 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 only increased by 27% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to CN¥33.63 Down from CN¥39.25, the current price target is an average from 2 analysts. New target price is 130% above last closing price of CN¥14.62. Stock is up 41% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥1.00 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Ying Li is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥17.91, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 101% over the past year. Duyuru • Apr 03
Zhejiang Windey Co.,Ltd. Announces 2021 Final Profit Distribution Plan on A Shares, Payable on 11 April 2022 Zhejiang Windey Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) cash dividend/10 shares (tax included) of CNY 2.50000000. Record date is 08 April 2022. Ex-date is 11 April 2022 and Payment date is 11 April 2022. Duyuru • Mar 10
Zhejiang Windey Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 Zhejiang Windey Co.,Ltd. proposed final cash dividend per ten shares (tax included) of CNY 2.50000000 for the year 2021. Reported Earnings • Mar 08
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.59 (up from CN¥0.59 in FY 2020). Revenue: CN¥16.0b (up 40% from FY 2020). Net income: CN¥489.8m (up 183% from FY 2020). Profit margin: 3.1% (up from 1.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 4.0%, compared to a 62% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥37.65, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 123% over the past year. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥46.22, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 33x in the Electrical industry in China. Total returns to shareholders of 208% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥3.77b (up 10% from 3Q 2020). Net income: CN¥129.6m (up 248% from 3Q 2020). Profit margin: 3.4% (up from 1.1% in 3Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥48.20, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 29x in the Electrical industry in China. Total returns to shareholders of 250% over the past year. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.087 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥2.99b (up 19% from 2Q 2020). Net income: CN¥84.1m (up 238% from 2Q 2020). Profit margin: 2.8% (up from 1.0% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥34.92, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 31x in the Electrical industry in China. Total returns to shareholders of 134% over the past year. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥22.40, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 52% over the past year. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥19.02, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 54% over the past year. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.014 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.02b (up 97% from 1Q 2020). Net income: CN¥43.4m (up CN¥39.3m from 1Q 2020). Profit margin: 2.2% (up from 0.4% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 26
New 90-day high: CN¥18.47 The company is up 21% from its price of CN¥15.29 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 30% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: CN¥18.00 The company is up 29% from its price of CN¥13.91 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 38% over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥16.50 The company is up 25% from its price of CN¥13.18 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 29
New 90-day high: CN¥16.23 The company is up 5.0% from its price of CN¥15.50 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 8.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥142.1m, down 33% from the prior year. Total revenue was CN¥9.25b over the last 12 months, up 104% from the prior year. Duyuru • Jul 18
Zhejiang Windey Co.,Ltd. to Report First Half, 2020 Results on Aug 08, 2020 Zhejiang Windey Co.,Ltd. announced that they will report first half, 2020 results on Aug 08, 2020