Why is Changchai Co., Ltd. ?
1
Poor Management Efficiency with a low ROCE of 0.55%
- The company has been able to generate a Return on Capital Employed (avg) of 0.55% signifying low profitability per unit of total capital (equity and debt)
2
Poor long term growth as Net Sales has grown by an annual rate of 3.45% and Operating profit at -36.46% over the last 5 years
3
With a fall in Net Sales of -25.98%, the company declared Very Negative results in Mar 25
- OPERATING CASH FLOW(Y) Lowest at CNY -132.5 MM
- RAW MATERIAL COST(Y) Grown by 15.18% (YoY)
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Auto Components & Equipments)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Changchai Co., Ltd. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
Changchai Co., Ltd.
10.29%
0.81
36.68%
China Shanghai Composite
15.19%
1.01
15.10%
Quality key factors
Factor
Value
Sales Growth (5y)
3.45%
EBIT Growth (5y)
-36.46%
EBIT to Interest (avg)
-1.79
Debt to EBITDA (avg)
0.15
Net Debt to Equity (avg)
-0.18
Sales to Capital Employed (avg)
0.56
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
38.17%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
0.55%
ROE (avg)
1.62%
Valuation Key Factors 
Factor
Value
P/E Ratio
35
Industry P/E
Price to Book Value
0.66
EV to EBIT
1102.43
EV to EBITDA
19.13
EV to Capital Employed
0.60
EV to Sales
0.72
PEG Ratio
0.52
Dividend Yield
0.24%
ROCE (Latest)
0.05%
ROE (Latest)
1.89%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bullish
OBV
Bullish
Bullish
Technical Movement
18What is working for the Company
NET PROFIT(HY)
Higher at CNY 54.03 MM
PRE-TAX PROFIT(Q)
At CNY 49.53 MM has Grown at 143.71%
CASH AND EQV(HY)
Highest at CNY 2,723.93 MM
NET SALES(Q)
Highest at CNY 891.4 MM
EPS(Q)
Highest at CNY 0.06
-4What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at CNY -132.5 MM
RAW MATERIAL COST(Y)
Grown by 15.18% (YoY
Here's what is working for Changchai Co., Ltd.
Net Profit
At CNY 54.03 MM has Grown at 1,556.84%
Year on Year (YoY)MOJO Watch
Net Profit trend is very positive
Net Profit (CNY MM)
Net Sales
At CNY 891.4 MM has Grown at 48.59%
over average net sales of the previous four periods of CNY 599.92 MMMOJO Watch
Near term sales trend is very positive
Net Sales (CNY MM)
Pre-Tax Profit
At CNY 49.53 MM has Grown at 143.71%
over average net sales of the previous four periods of CNY 20.32 MMMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (CNY MM)
Net Profit
Higher at CNY 54.03 MM
than preceding 12 month period ended Mar 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (CNY MM)
Net Sales
Highest at CNY 891.4 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
EPS
Highest at CNY 0.06
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (CNY)
Cash and Eqv
Highest at CNY 2,723.93 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Changchai Co., Ltd.
Operating Cash Flow
Lowest at CNY -132.5 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)
Raw Material Cost
Grown by 15.18% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






