Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥40.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Machinery industry in China. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥44.66, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 41% over the past three years. Duyuru • Jun 30
Nancal Technology Co.,Ltd to Report First Half, 2026 Results on Aug 26, 2026 Nancal Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 10
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 8.6% 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 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥52.95, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 26x in the Machinery industry in China. Total returns to shareholders of 84% over the past year. 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. 6 non-independent directors. Independent Director Zong Yu Wen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 24
Nancal Technology Co.,Ltd, Annual General Meeting, May 14, 2026 Nancal Technology Co.,Ltd, Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Duyuru • Mar 30
Nancal Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Nancal Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Dec 26
Nancal Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 30, 2026 Nancal Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 30, 2026 Duyuru • Sep 30
Nancal Technology Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Nancal Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Duyuru • Jun 30
Nancal Technology Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Nancal Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 Duyuru • May 28
Nancal Technology Co.,Ltd (SHSE:603859) announces an Equity Buyback for CNY 20 million worth of its shares. Nancal Technology Co.,Ltd (SHSE:603859 announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 43 per share. The repurchased shares will be used for employee shareholding plan. The repurchase program is valid for 6 months. Duyuru • Apr 25
Nancal Technology Co.,Ltd, Annual General Meeting, May 16, 2025 Nancal Technology Co.,Ltd, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Duyuru • Mar 28
Nancal Technology Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Nancal Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Duyuru • Dec 27
Nancal Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Nancal Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Nov 12
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 10% 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 • Nov 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥24.90, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Machinery industry in China. Total loss to shareholders of 11% over the past year. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥332.8m (down 5.7% from 3Q 2023). Net income: CN¥24.5m (down 61% from 3Q 2023). Profit margin: 7.4% (down from 18% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Duyuru • Sep 30
Nancal Technology Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Nancal Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.81, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Machinery industry in China. Total loss to shareholders of 41% over the past year. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.24 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.24 in 2Q 2023). Revenue: CN¥299.5m (down 29% from 2Q 2023). Net income: CN¥37.4m (down 37% from 2Q 2023). Profit margin: 13% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Duyuru • Jun 28
Nancal Technology Co.,Ltd to Report First Half, 2024 Results on Aug 23, 2024 Nancal Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 17
Full year 2023 earnings released: EPS: CN¥1.33 (vs CN¥1.20 in FY 2022) Full year 2023 results: EPS: CN¥1.33 (up from CN¥1.20 in FY 2022). Revenue: CN¥1.41b (up 14% from FY 2022). Net income: CN¥219.5m (up 11% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Machinery industry in China. Duyuru • Apr 16
Nancal Technology Co.,Ltd, Annual General Meeting, May 08, 2024 Nancal Technology Co.,Ltd, Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Duyuru • Mar 29
Nancal Technology Co.,Ltd to Report Q1, 2024 Results on Apr 23, 2024 Nancal Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥32.92, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Machinery industry in China. Duyuru • Feb 02
Nancal Technology Co.,Ltd (SHSE:603859) announces an Equity Buyback for CNY 30 million worth of its shares. Nancal Technology Co.,Ltd (SHSE:603859) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 40 per share. The repurchased shares will be used for the implementation of ESOP. The repurchase program is valid for 6 months. Duyuru • Dec 30
Nancal Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 16, 2024 Nancal Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.27 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.27 in 3Q 2022). Revenue: CN¥352.9m (up 29% from 3Q 2022). Net income: CN¥62.9m (up 44% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). 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 21% growth forecast for the Machinery industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.36 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.36 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥422.1m (up 57% from 2Q 2022). Net income: CN¥59.7m (up 75% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). 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 20% growth forecast for the Machinery industry in China. Duyuru • Jun 28
Nancal Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Nancal Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Board Change • Jun 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director XiaoJie Wen was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
