Announcement • Jun 30
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • May 06
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 7.9% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Announcement • Mar 31
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.23 (up from CN¥0.14 in FY 2024). Revenue: CN¥1.56b (up 29% from FY 2024). Net income: CN¥40.2m (up 68% from FY 2024). Profit margin: 2.6% (up from 2.0% in FY 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Mar 25
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., Annual General Meeting, Apr 15, 2026 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shijiazhuang, Hebei China Announcement • Dec 31
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.004 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.03 (up from CN¥0.004 in 3Q 2024). Revenue: CN¥389.5m (up 41% from 3Q 2024). Net income: CN¥4.97m (up CN¥4.26m from 3Q 2024). Profit margin: 1.3% (up from 0.3% in 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Price Target Changed • Jul 24
Price target decreased by 8.6% to CN¥21.42 Down from CN¥23.44, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥18.99. Stock is up 34% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.14 last year. Declared Dividend • Jul 06
Dividend reduced to CN¥0.068 Dividend of CN¥0.068 is 43% lower than last year. Ex-date: 9th July 2025 Payment date: 9th July 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio). However, it is well covered by cash flows (33% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 27% to bring the payout ratio under control. EPS is expected to grow by 105% over the next year, which is sufficient to bring the dividend into a sustainable range. Announcement • Jul 02
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • May 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 78% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.92, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 63% over the past three years. Announcement • Apr 29
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., Annual General Meeting, May 20, 2025 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥14.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Mar 31
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥20.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥20.02, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 25% over the past three years. New Risk • Jan 29
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 8.9% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥17.99, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 4.8% over the past three years. Announcement • Dec 31
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Nov 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.004 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.004 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥277.3m (up 2.3% from 3Q 2023). Net income: CN¥705.5k (down 98% from 3Q 2023). Profit margin: 0.3% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥15.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 9.5% over the past three years. Announcement • Sep 30
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥16.81, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 16% over the past three years. Board Change • Sep 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Xianlei Zhang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.087 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥281.0m (up 33% from 2Q 2023). Net income: CN¥12.5m (down 38% from 2Q 2023). Profit margin: 4.4% (down from 9.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Aug 21
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Announces Director and Executive Changes Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. at its EGM held on 19 August 2024 appointed Wang Kui, Shen Hong and Zhang Xianlei as independent directors. Company appointed Zhang Long and Cui Nuan as non-employee supervisor. New Risk • Jul 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 8.7% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥16.52, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Electrical industry in China. Total returns to shareholders of 3.5% over the past three years. Announcement • Jul 10
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Implements A Shares Final Cash Distribution for 2023, Payable on July 16, 2024 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. implemented A shares final cash distribution of CNY 1.20000000 per ten shares (tax included) for 2023. Record date: July 15, 2024. Ex-date: July 16, 2024. Payment date: July 16, 2024. Announcement • Jun 29
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Price Target Changed • May 03
Price target decreased by 11% to CN¥25.22 Down from CN¥28.21, the current price target is an average from 4 analysts. New target price is 39% above last closing price of CN¥18.15. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.59 last year. Announcement • Apr 29
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., Annual General Meeting, May 17, 2024 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shijiazhuang, Hebei China Reported Earnings • Apr 27
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CN¥0.59 (up from CN¥0.26 in FY 2022). Revenue: CN¥1.01b (up 58% from FY 2022). Net income: CN¥102.6m (up 131% from FY 2022). Profit margin: 10% (up from 6.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.98, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.88 per share. New Risk • Feb 05
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 6.6% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.68, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electrical industry in China. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.27 per share. Announcement • Dec 29
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Oct 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.058 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.058 in 3Q 2022). Revenue: CN¥271.0m (up 50% from 3Q 2022). Net income: CN¥30.5m (up 63% from 3Q 2022). Profit margin: 11% (up from 10% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.18 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12. Revenue: CN¥211.4m (up 48% from 2Q 2022). Net income: CN¥20.1m (up 115% from 2Q 2022). Profit margin: 9.5% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. New Risk • Aug 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥28.78, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 143% over the past three years. Announcement • May 20
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Approves the Cash Dividend for the Year 2022 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. approved the cash dividend of CNY 0.500 (tax included) per 10 shares for the year 2022, at the AGM held on May 18, 2023. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥29.00, the stock trades at a trailing P/E ratio of 73.6x. Average trailing P/E is 36x in the Electrical industry in China. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥25.00, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 118% over the past three years. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.05 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.05 loss in 1Q 2022). Revenue: CN¥118.8m (up 78% from 1Q 2022). Net income: CN¥15.8m (up CN¥24.0m from 1Q 2022). Profit margin: 13% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥19.85, the stock trades at a trailing P/E ratio of 73.9x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 67% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Xiaofeng Sun was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥16.62, the stock trades at a trailing P/E ratio of 61.9x. Average trailing P/E is 34x in the Electrical industry in China. Total returns to shareholders of 30% over the past three years. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.058 (vs CN¥0.009 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.058 (up from CN¥0.009 in 3Q 2021). Revenue: CN¥181.1m (up 87% from 3Q 2021). Net income: CN¥18.7m (up CN¥17.7m from 3Q 2021). Profit margin: 10% (up from 1.1% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.065 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.18 (up from CN¥0.065 in 2Q 2021). Revenue: CN¥142.5m (up 49% from 2Q 2021). Net income: CN¥9.35m (up 12% from 2Q 2021). Profit margin: 6.6% (down from 8.7% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 20
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Approves Cash Dividend for the Year 2021 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. approved cash dividend (tax included) of CNY 0.300000 per 10 shares for the year 2021, at the AGM held on May 18, 2022. Announcement • Apr 27
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Proposes Final Dividend for the Year 2021 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. proposed a final dividend (tax included) of CNY 0.3 per ten shares for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.05 loss per share (vs CN¥0.02 loss in 1Q 2021) First quarter 2022 results: CN¥0.05 loss per share (down from CN¥0.02 loss in 1Q 2021). Revenue: CN¥66.6m (up 35% from 1Q 2021). Net loss: CN¥8.27m (loss widened 124% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥17.36, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 41x in the Electrical industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.12 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥96.7m (down 8.3% from 3Q 2020). Net income: CN¥1.04m (down 95% from 3Q 2020). Profit margin: 1.1% (down from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥16.47, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.065 (vs CN¥0.025 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥95.9m (up 51% from 2Q 2020). Net income: CN¥8.37m (up 106% from 2Q 2020). Profit margin: 8.7% (up from 6.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥14.44, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 35x in the Electrical industry in China. Total loss to shareholders of 4.9% over the past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥16.43, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 33x in the Electrical industry in China. Total returns to shareholders of 36% over the past year. Announcement • May 27
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. Implements A Shares Final Cash Distribution for 2020, Payable on June 3, 2021 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. implemented A shares final cash distribution of CNY 0.25000000 per 10 shares for 2020. Record date: June 2, 2021. Ex-date: June 3, 2021. Payment date: June 3, 2021. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥11.79, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 31x in the Electrical industry in China. Total returns to shareholders of 2.3% over the past year. Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.02 loss per share (vs CN¥0.11 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥49.4m (up 240% from 1Q 2020). Net loss: CN¥3.68m (loss narrowed 78% from 1Q 2020). Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.19 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥320.6m (up 16% from FY 2019). Net income: CN¥41.5m (up 38% from FY 2019). Profit margin: 13% (up from 11% in FY 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Feb 24
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 02
New 90-day low: CN¥12.50 The company is down 55% from its price of CN¥27.88 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥14.26 The company is down 10.0% from its price of CN¥15.78 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 38% over the same period. Is New 90 Day High Low • Nov 02
New 90-day high: CN¥22.22 The company is up 68% from its price of CN¥13.23 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 3.0% over the same period. Announcement • Aug 11
Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020