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Wuxi Lead Intelligent Equipment Co., Ltd. Class H
(0470)
Select Model
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Rating:65Neutral
Price Target:
HK$20.50
Action:Reiterated
Date:10/30/26
The score is led by improved TTM profitability and cash flow recovery, tempered by higher leverage and a history of earnings/cash-flow volatility. Technicals materially drag the rating due to a clear downtrend versus key moving averages and negative MACD, despite oversold oscillators. Valuation is supportive but not compelling, with a moderate P/E and modest dividend yield.
Positive Factors
Revenue Growth
The return to strong revenue growth indicates renewed demand for the company’s intelligent manufacturing equipment and integrated production solutions. If sustained, expanding sales can improve operating leverage, support investment in capabilities, and reinforce its position with industrial customers over the next several quarters.
Negative Factors
Higher Leverage
The increase in leverage reduces financial flexibility compared with prior years and makes the company more exposed if equipment demand or margins weaken. Higher debt can also constrain capital allocation and increase the execution burden while large industrial projects move through their cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The return to strong revenue growth indicates renewed demand for the company’s intelligent manufacturing equipment and integrated production solutions. If sustained, expanding sales can improve operating leverage, support investment in capabilities, and reinforce its position with industrial customers over the next several quarters.
Read all positive factors
Wuxi Lead Intelligent Equipment Co., Ltd. Class H (0470) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$57.86B
Dividend Yield1.64%
Average Volume (3M)3.33M
Price to Earnings (P/E)13.9
Beta (1Y)0.81
Revenue Growth34.58%
EPS GrowthN/A
CountryHK
Employees15,173
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.22
Shares Outstanding108,058,400
10 Day Avg. Volume4,048,462
30 Day Avg. Volume3,326,080
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)4.87
Price to Sales (P/S)4.43
P/FCF Ratio14.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$32.75Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)1.68
Revenue Forecast (FY)HK$22.05B
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Wuxi Lead Intelligent Equipment Co., Ltd. engages in the development, design, production, and sale of high-end automation equipment. Its solutions include: Li-Ion Battery Manufacturing Equipment, Formation and Aging, Photovoltaic Manufacturing, 3C...
How the Company Makes Money
The company primarily makes money by selling intelligent manufacturing equipment and integrated production-line solutions to industrial customers, especially battery manufacturers. Key revenue streams include: (1) equipment sales—manufacture and d...
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.85B | 14.44B | 11.86B | 16.63B | 13.93B | 10.04B |
| Gross Profit | 5.36B | 4.81B | 4.15B | 5.92B | 5.26B | 3.42B |
| EBITDA | 2.10B | 2.26B | 573.06M | 2.33B | 2.86B | 1.94B |
| Net Income | 1.96B | 1.56B | 286.10M | 1.77B | 2.32B | 1.58B |
Balance Sheet | ||||||
| Total Assets | 53.17B | 39.07B | 36.18B | 35.29B | 32.98B | 24.00B |
| Cash, Cash Equivalents and Short-Term Investments | 16.66B | 7.63B | 4.66B | 3.73B | 6.47B | 6.05B |
| Total Debt | 7.86B | 2.62B | 4.42B | 494.07M | 306.64M | 352.46M |
| Total Liabilities | 34.61B | 25.95B | 24.60B | 23.45B | 21.85B | 14.53B |
| Stockholders Equity | 18.61B | 13.14B | 11.60B | 11.85B | 11.13B | 9.47B |
Cash Flow | ||||||
| Free Cash Flow | 6.60B | 4.40B | -2.44B | -1.41B | 704.22M | 837.15M |
| Operating Cash Flow | 7.07B | 4.96B | -1.57B | -862.79M | 1.69B | 1.34B |
| Investing Cash Flow | -4.67B | -1.81B | -1.22B | -211.91M | 2.01B | -3.62B |
| Financing Cash Flow | 3.32B | -1.52B | 3.85B | -1.15B | -805.78M | 1.62B |
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (55)
HK:0470
Wuxi Lead Intelligent Equipment Co., Ltd. Class H
19.99
-25.52
-56.08%
HK:2432
Shenzhen Dobot Corp Ltd Class H
16.99
-33.06
-66.05%
HK:3200
Shenzhen Han's CNC Technology Co., Ltd. Class H
51.45
-58.02
-53.00%
HK:1021
Guangdong Huayan Robotics Co., Ltd. Class H
6.16
-12.24
-66.55%
HK:1236
Shenzhen LDRobot Co., Ltd. Class H
22.10
-37.90
-63.17%
HK:6871
Robotphoenix Intelligent Technology Co Ltd Class H
20.88
-32.87
-61.15%
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Corporate Events
Wuxi Lead Posts Double-Digit Profit and Revenue Growth for First Nine Months of 2026
Oct 29, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. reported robust unaudited results for the nine months ended 30 September 2026, with year-to-date revenue reaching RMB 12.87 billion, up 23.29% from a year earlier. Net profit attributable to shareholders r...
Wuxi Lead Schedules Board Meeting to Approve Q3 2026 Results
Oct 14, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. has scheduled a board meeting for October 29, 2026 to review and approve the unaudited third quarter results for the nine months ended September 30, 2026 for the company and its subsidiaries. The meeting w...
Wuxi Lead grants 6.7 million RSUs under 2026 H Share incentive plan
Sep 18, 2026
Wuxi Lead Intelligent Equipment has granted 6,724,600 restricted share units under its newly approved 2026 H Share Incentive Plan, awarding them to 1,212 grantees including directors, the chief executive, an associate and over 1,200 other group em...
Wuxi Lead details pricing controls for connected procurement with Leadmicro Nano
Sep 18, 2026
Wuxi Lead Intelligent Equipment has issued a supplemental announcement detailing pricing and internal control mechanisms for its continuing connected transactions under a procurement framework with Leadmicro Nano. The company emphasizes that price...
Wuxi Lead Shareholders Approve 2026 H Share Incentive Plan at Extraordinary Meeting
Sep 10, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. reported that its 2026 second extraordinary general meeting was duly convened on September 10, 2026, with all board directors attending in person or electronically. Shareholders and proxies representing ro...
Wuxi Lead Intelligent Equipment Publishes Unaudited 2026 Interim Results
Aug 28, 2026
Wuxi Lead Intelligent Equipment Co., Ltd., a PRC-incorporated intelligent equipment manufacturer listed in Hong Kong, has disclosed its unaudited interim financial results for the six months ended June 30, 2026. The group’s operations span m...
Wuxi Lead Signs Connected Procurement Deal With Leadmicro Nano
Aug 28, 2026
Wuxi Lead Intelligent Equipment has entered into a Procurement Framework Agreement with Leadmicro Nano, under which Leadmicro Nano will supply specified equipment and services to the group through separately negotiated contracts. Pricing will foll...
Wuxi Lead Calls 2026 EGM to Approve New H Share Incentive Plan
Aug 21, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. has called its second extraordinary general meeting of 2026 for September 10 in Wuxi, where shareholders will vote on the proposed 2026 H Share Incentive Plan. The agenda also includes a resolution authori...
Wuxi Lead Schedules Board Meeting to Approve 2026 Interim Results
Aug 18, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. has scheduled a board meeting for August 28, 2026 to review and approve the interim results for the six months ended June 30, 2026. The meeting will also address the publication of these results and any ot...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.