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Chongqing Machinery & Electric Co. Ltd. Class H
(Frankfurt:2722)
Chongqing Machinery & Electric Co. Ltd. Class H (2722) vs. iShares MSCI Hong Kong ETF (EWH)
Chongqing Machinery & Electric Co. Ltd. Class H Business Overview & Revenue Model
Chongqing Machinery & Electric Co. Ltd. Class H Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 8.92B | 8.06B | 7.21B | 7.41B | 6.37B | Gross Profit |
| 1.35B | 1.51B | 1.43B | 1.49B | 1.31B | EBIT |
| 516.37M | 376.22M | 564.90M | 335.95M | 520.70M | EBITDA |
| 394.12M | 526.78M | 525.89M | 543.76M | 473.79M | Net Income Common Stockholders |
| 431.28M | 303.63M | 310.30M | 296.51M | 182.97M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 3.32B | 2.44B | 2.59B | 2.18B | 1.74B | Total Assets |
| 17.62B | 17.49B | 17.22B | 16.74B | 16.62B | Total Debt |
| 2.41B | 4.39B | 4.19B | 4.12B | 4.04B | Net Debt |
| -335.75M | 2.07B | 1.59B | 1.94B | 2.31B | Total Liabilities |
| 9.03B | 9.25B | 9.20B | 8.92B | 9.15B | Stockholders Equity |
| 8.07B | 7.71B | 7.56B | 7.35B | 7.02B |
| Cash Flow | Free Cash Flow | |||
| 515.68M | ― | 238.45M | 261.58M | 70.20M | Operating Cash Flow |
| 718.30M | 145.76M | 310.20M | 383.75M | 171.52M | Investing Cash Flow |
| 47.80M | 235.32M | 438.25M | 541.66M | 217.24M | Financing Cash Flow |
| -846.11M | -366.54M | ― | ― | ― |
Chongqing Machinery & Electric Co. Ltd. Class H Technical Analysis
Chongqing Machinery & Electric Co. Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$4.16B | 8.90 | 5.40% | 16.77% | 8.61% | 38.69% | |
66 Neutral | $4.49B | 12.34 | 5.40% | 248.65% | 4.13% | -12.33% | |
| $15.09B | 5.65 | 20.63% | 3.76% | ― | ― | ||
| $46.88B | 9.40 | 11.58% | 5.04% | ― | ― | ||
| $4.96B | 10.55 | 8.59% | 4.69% | ― | ― | ||
| $7.53B | 9.04 | 8.13% | 5.23% | ― | ― | ||
| $8.00B | 7.71 | 13.59% | 5.54% | ― | ― |
Chongqing Machinery & Electric Co. Ltd. Class H Corporate Events
Chongqing Machinery & Electric Co., Ltd. announced the completion of a change in the shareholding structure of its controlling shareholder, with Chongqing Yufu Holding Group Co., Ltd. acquiring an 80% equity interest in Chongqing Machinery & Electronics Holding (Group) Co., Ltd. This internal restructuring solidifies Yufu Holding as the direct controlling shareholder, while the Chongqing SASAC remains the ultimate controlling shareholder. This change is expected to impact the company’s governance and potentially influence its strategic direction.
Chongqing Machinery & Electric Co., Ltd. announced the deconsolidation of its subsidiary, Chongqing Sino-Germany Smart Factory Solutions Co., Ltd., to optimize governance and promote high-quality development. This strategic move, agreed upon by all shareholders, will see the subsidiary’s financials removed from the Group’s consolidated statements, though the shareholding ratio remains unchanged. The deconsolidation is expected to slightly reduce the Group’s revenue and profit but will not materially impact the consolidated financial statements for the first half of 2025. Future financial results of the subsidiary will be recorded as investment income.
Chongqing Machinery & Electric Co., Ltd. has renewed several key agreements with its Parent Company, extending them from 2026 to 2028. These include the Master Sales, Supplies, and Leasing Agreements, which cover the sale of materials and products, supply of intelligent equipment, and leasing of land and buildings. Additionally, the company has entered into a new Group Financial Services Framework Agreement with its Finance Company to continue receiving financial services, subject to shareholder approval. These renewals ensure continuity in operations and strengthen the company’s strategic partnerships, potentially impacting its market positioning and stakeholder relations positively.
Chongqing Machinery & Electric Co., Ltd. announced a final ordinary cash dividend of RMB 0.035 per share for the financial year ending December 31, 2024. The dividend is subject to shareholder approval on June 12, 2025, and will be paid on July 25, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.
Chongqing Machinery & Electric Co., Ltd. announced its audited consolidated results for the year ended December 31, 2024, highlighting a 10.7% increase in revenue to approximately RMB8,919.2 million and a 42.0% rise in profit attributable to shareholders to RMB431.3 million. The company’s earnings per share reached RMB0.12, indicating strong financial performance. These results reflect the company’s robust operational capabilities and strategic positioning in the market, potentially enhancing stakeholder confidence and market competitiveness.
Chongqing Machinery & Electric Co., Ltd. announced a connected transaction involving its subsidiary, Chongqing Machine Tools Group, acquiring 100% equity interest in a target company from the Asset Company, a subsidiary of its controlling shareholder. The valuation for this acquisition was conducted using an asset-based approach due to the gear industry’s competitive nature and profit fluctuations, making income and market approaches unsuitable. This transaction aims to strengthen the company’s position in the gear industry, despite the challenges posed by intense domestic competition.
Chongqing Machinery & Electric Co., Ltd. has issued a positive profit alert, anticipating a 40%-45% increase in profit for the year ending December 31, 2024, compared to the previous year. This growth is attributed to the company’s strategic focus on high-power engines and industrial pumps, which has resulted in increased production capacity, market share, and operational efficiency.
Chongqing Machinery & Electric Co., Ltd. has announced a board meeting scheduled for March 20, 2025, to discuss and approve the audited financial statements and annual report for the year ended December 31, 2024. The meeting will also address the profit appropriation proposal, potential final dividend payment, and the details of the forthcoming annual general meeting. This meeting is significant for stakeholders as it will provide insights into the company’s financial health and strategic decisions moving forward.
Chongqing Machinery & Electric Co., Ltd. announced a connected transaction involving the acquisition of 100% equity interest in a target company from the Asset Company, a wholly-owned subsidiary of its controlling shareholder. The transaction, valued at RMB35,621,200, is structured under an Equity Transfer Agreement and is classified as a connected transaction under the Hong Kong Listing Rules. This acquisition is expected to consolidate Chongqing Machine Tools Group’s holdings, enhancing its operational capabilities and market positioning within the industry.
Chongqing Machinery & Electric Co., Ltd. announced a significant change in the shareholding structure of its controlling shareholder, CQMEHG. Yufu Holding will increase its capital in CQMEHG by RMB5,000 million and acquire a 44.58% equity interest. Additionally, Chongqing SASAC will transfer a 35.42% equity interest to Yufu Holding, resulting in Yufu Holding holding an 80% equity interest in CQMEHG. This internal restructuring positions Yufu Holding as the direct controlling shareholder of CQMEHG and the indirect controlling shareholder of Chongqing Machinery & Electric Co., Ltd., while Chongqing SASAC remains the ultimate controlling shareholder.