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Wuxi Lead Intelligent Equipment Co., Ltd. Class H
(0470)
Select Model
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Rating:60Neutral
Price Target:
HK$35.00
Action:Reiterated
Date:06/17/26
The score is driven mainly by solid financial performance (recovered profitability, conservative leverage, and currently strong cash generation). This is meaningfully offset by bearish technical momentum (below key moving averages with negative MACD) and a demanding valuation (high P/E with a low dividend yield).
Positive Factors
Strong cash generation
TTM free cash flow covering most net income supplies durable internal funding for equipment capex, R&D and after-sales expansion. This reduces reliance on external financing, supports project execution and cyclical resilience, and strengthens long-term operational flexibility.
Negative Factors
Cyclicality tied to customer capex cycles
Revenue is project-based and depends on battery makers' capex timing; order wins and delivery schedules drive lumpy revenue. This structural cyclicality raises the risk of near-term order delays, utilization drops and margin pressure across 2–6 month horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
TTM free cash flow covering most net income supplies durable internal funding for equipment capex, R&D and after-sales expansion. This reduces reliance on external financing, supports project execution and cyclical resilience, and strengthens long-term operational flexibility.
Read all positive factors
Wuxi Lead Intelligent Equipment Co., Ltd. Class H (0470) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$75.28B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)27.9
Beta (1Y)2.27
Revenue Growth31.49%
EPS GrowthN/A
CountryHK
Employees15,173
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.04
Shares Outstanding108,058,400
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
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$63.90Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.77
Revenue Forecast (FY)HK$21.34B
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 industrial equipment and integrated production-line solutions to manufacturers, with revenue typically recognized from (i) equipment/line sales under customer contracts and project deliveries and (ii) a...
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.98B | 14.44B | 11.86B | 16.63B | 13.93B | 10.04B |
| Gross Profit | 4.93B | 4.81B | 4.15B | 5.92B | 5.26B | 3.42B |
| EBITDA | 2.30B | 2.26B | 573.06M | 2.33B | 2.86B | 1.94B |
| Net Income | 1.60B | 1.56B | 286.10M | 1.77B | 2.32B | 1.58B |
Balance Sheet | ||||||
| Total Assets | 46.49B | 39.07B | 36.18B | 35.29B | 32.98B | 24.00B |
| Cash, Cash Equivalents and Short-Term Investments | 13.20B | 7.63B | 4.66B | 3.73B | 6.47B | 6.05B |
| Total Debt | 2.31B | 2.62B | 4.42B | 494.07M | 306.64M | 352.46M |
| Total Liabilities | 28.65B | 25.95B | 24.60B | 23.45B | 21.85B | 14.53B |
| Stockholders Equity | 17.87B | 13.14B | 11.60B | 11.85B | 11.13B | 9.47B |
Cash Flow | ||||||
| Free Cash Flow | 4.86B | 4.40B | -2.44B | -1.41B | 704.22M | 837.15M |
| Operating Cash Flow | 5.38B | 4.96B | -1.57B | -862.79M | 1.69B | 1.34B |
| Investing Cash Flow | -2.29B | -1.81B | -1.22B | -211.91M | 2.01B | -3.62B |
| Financing Cash Flow | 2.68B | -1.52B | 3.85B | -1.15B | -805.78M | 1.62B |
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (63)
HK:0470
Wuxi Lead Intelligent Equipment Co., Ltd. Class H
33.52
-11.99
-26.35%
HK:2432
Shenzhen Dobot Corp Ltd Class H
26.14
-29.41
-52.94%
HK:3200
Shenzhen Han's CNC Technology Co., Ltd. Class H
181.70
72.23
65.98%
HK:1021
Guangdong Huayan Robotics Co., Ltd. Class H
18.15
-0.25
-1.36%
HK:1236
Shenzhen LDRobot Co., Ltd. Class H
34.30
-25.70
-42.83%
HK:6871
Robotphoenix Intelligent Technology Co Ltd Class H
20.26
-33.49
-62.31%
Wuxi Lead Intelligent Equipment Co., Ltd. Class H Corporate Events
Wuxi Lead Updates Final 2025 Dividend and Tax Arrangements for H Shareholders
May 26, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. has updated its proposed final cash dividend for the financial year ended 31 December 2025, confirming a payout of RMB 2.87 per 10 shares, equivalent to HKD 3.285723 based on a fixed exchange rate. The ex-...
Wuxi Lead Shareholders Approve 2025 AGM Resolutions, Dividend and New Audit Mandate
May 21, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. reported that its 2025 annual general meeting was duly convened on May 21, 2026, with all proposed ordinary and special resolutions passed by a significant majority. Shareholder participation represented a...
Wuxi Lead Updates Final 2025 Dividend Terms and Tax Treatment for H-Share Investors
May 21, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. has updated its proposed final dividend for the financial year ended 31 December 2025, confirming a payout of RMB 2.87 per 10 shares, equivalent to HKD 3.285723 per 10 shares based on an exchange rate of R...
Wuxi Lead Updates Final 2025 Dividend Timetable and Tax Treatment for H-Share Investors
Apr 28, 2026
Wuxi Lead Intelligent Equipment has updated details of its proposed final ordinary cash dividend for the year ended 31 December 2025, set at RMB 2.87 per 10 shares, subject to shareholder approval on 21 May 2026. The ex-dividend date is 26 May 202...
Wuxi Lead Sets 2025 AGM, Dividend Timetable and Share Mandates
Apr 28, 2026
Wuxi Lead Intelligent Equipment has called its 2025 annual general meeting for May 21, 2026, in Wuxi, where shareholders will review the 2025 board work report, annual report and profit distribution plan, as well as approve remuneration policies, ...
Wuxi Lead switches 2026 auditor to Deloitte and unifies China GAAP reporting
Apr 28, 2026
Wuxi Lead Intelligent Equipment plans to appoint Deloitte Touche Tohmatsu Certified Public Accountants as its auditor for 2026, replacing Baker Tilly China after a competitive tender. The proposed one-year mandate, which covers both financial repo...
Wuxi Lead Posts Double-Digit Q1 2026 Growth and Strengthens Balance Sheet
Apr 28, 2026
Wuxi Lead Intelligent Equipment reported solid unaudited results for the first quarter of 2026, with revenue rising 19.11% year on year to RMB 3.69 billion and net profit attributable to shareholders increasing 10.99% to RMB 405 million. Profit af...
Wuxi Lead Schedules Board Meeting to Approve Q1 2026 Results
Apr 16, 2026
Wuxi Lead Intelligent Equipment Co., Ltd. has scheduled a board meeting for April 28, 2026 to review and approve the unaudited first-quarter results for the period ended March 31, 2026. The board will also consider the publication of these results...
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.