Announcement • Jul 08
Jiujiang Defu Technology Co., Limited announced that it expects to receive CNY 2.8 billion in funding Jiujiang Defu Technology Co., Limited announced a Private Placement of not more than 188,272,411 A Shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 2,800,000,000 on July 6, 2026. The transaction will include participation from not more than 35 investors. The transaction has been approved in 27th Meeting of the Company’s 3rd Directorate and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The shares cannot be transferred within 6 months from the issuance closing date. Buy Or Sell Opportunity • Jul 02
Now 25% undervalued Over the last 90 days, the stock has risen 285% to CN¥146. The fair value is estimated to be CN¥193, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 49% per annum over the same time period. Announcement • Jun 30
Jiujiang Defu Technology Co., Limited to Report First Half, 2026 Results on Aug 22, 2026 Jiujiang Defu Technology Co., Limited announced that they will report first half, 2026 results on Aug 22, 2026 New Risk • Apr 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 60% per year over the past 5 years. Reported Earnings • Apr 25
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.23 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥4.34b (up 74% from 1Q 2025). Net income: CN¥147.2m (up CN¥129.0m from 1Q 2025). Profit margin: 3.4% (up from 0.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 38%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Announcement • Apr 25
Jiujiang Defu Technology Co., Limited, Annual General Meeting, May 15, 2026 Jiujiang Defu Technology Co., Limited, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiujiang, Jiangxi China Announcement • Mar 31
Jiujiang Defu Technology Co., Limited to Report Q1, 2026 Results on Apr 27, 2026 Jiujiang Defu Technology Co., Limited announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Jiujiang Defu Technology Co., Limited to Report Fiscal Year 2025 Results on Apr 27, 2026 Jiujiang Defu Technology Co., Limited announced that they will report fiscal year 2025 results on Apr 27, 2026 Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.044 (vs CN¥0.16 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.044 (up from CN¥0.16 loss in 3Q 2024). Revenue: CN¥3.20b (up 48% from 3Q 2024). Net income: CN¥27.9m (up CN¥126.6m from 3Q 2024). Profit margin: 0.9% (up from net loss in 3Q 2024). New Risk • Oct 20
New major risk - Revenue and earnings growth Earnings have declined by 59% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 59% per year over the past 5 years. Announcement • Sep 30
Jiujiang Defu Technology Co., Limited to Report Q3, 2025 Results on Oct 23, 2025 Jiujiang Defu Technology Co., Limited announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Sep 16
Jiujiang Defu Technology Co., Limited announced that it expects to receive CNY 1.93 billion in funding Jiujiang Defu Technology Co., Limited announced private placement of not more than 189,096,600 A shares for gross proceeds of CNY 1,930,000,000 on September 16, 2025. The transaction includes participation from not more than 35 investors. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved by board of directors of the company in 17th Meeting of the Company’s 3rd Directorate and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Announcement • Jul 02
Jiujiang Defu Technology Co., Limited to Report First Half, 2025 Results on Aug 26, 2025 Jiujiang Defu Technology Co., Limited announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Jun 26
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 8.4% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 26% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Apr 20
Jiujiang Defu Technology Co., Limited, Annual General Meeting, May 09, 2025 Jiujiang Defu Technology Co., Limited, Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiujiang, Jiangxi China Reported Earnings • Apr 19
Full year 2024 earnings released: CN¥0.39 loss per share (vs CN¥0.24 profit in FY 2023) Full year 2024 results: CN¥0.39 loss per share (down from CN¥0.24 profit in FY 2023). Revenue: CN¥7.81b (up 20% from FY 2023). Net loss: CN¥245.1m (down 285% from profit in FY 2023). New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 15% per year over the past 5 years. Announcement • Mar 31
Jiujiang Defu Technology Co., Limited to Report Q1, 2025 Results on Apr 19, 2025 Jiujiang Defu Technology Co., Limited announced that they will report Q1, 2025 results on Apr 19, 2025 Announcement • Dec 31
Jiujiang Defu Technology Co., Limited to Report Fiscal Year 2024 Results on Apr 19, 2025 Jiujiang Defu Technology Co., Limited announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.16 loss per share (vs CN¥0.031 profit in 3Q 2023) Third quarter 2024 results: CN¥0.16 loss per share (down from CN¥0.031 profit in 3Q 2023). Revenue: CN¥2.16b (up 7.4% from 3Q 2023). Net loss: CN¥98.7m (down CN¥117.6m from profit in 3Q 2023). Announcement • Sep 30
Jiujiang Defu Technology Co., Limited to Report Q3, 2024 Results on Oct 26, 2024 Jiujiang Defu Technology Co., Limited announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.017 loss per share (vs CN¥0.06 profit in 2Q 2023) Second quarter 2024 results: CN¥0.017 loss per share (down from CN¥0.06 profit in 2Q 2023). Revenue: CN¥1.99b (up 20% from 2Q 2023). Net loss: CN¥10.7m (down 172% from profit in 2Q 2023). Announcement • Jun 29
Jiujiang Defu Technology Co., Limited to Report First Half, 2024 Results on Aug 28, 2024 Jiujiang Defu Technology Co., Limited announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • May 11
Jiujiang Defu Technology Co., Limited Approves Cash Dividend for the Year 2023 Jiujiang Defu Technology Co., Limited held its Annual General Meeting of 2023 on 09 May 2024, approved cash dividend (tax included) of CNY 0.55000000 per ten shares for the year 2023. New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.21 loss per share (vs CN¥0.11 profit in 1Q 2023) First quarter 2024 results: CN¥0.21 loss per share (down from CN¥0.11 profit in 1Q 2023). Revenue: CN¥1.19b (down 6.8% from 1Q 2023). Net loss: CN¥94.8m (down 333% from profit in 1Q 2023). Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.33 (vs CN¥1.32 in FY 2022) Full year 2023 results: EPS: CN¥0.33 (down from CN¥1.32 in FY 2022). Revenue: CN¥6.53b (up 2.4% from FY 2022). Net income: CN¥132.6m (down 74% from FY 2022). Profit margin: 2.0% (down from 7.9% in FY 2022). Announcement • Apr 20
Jiujiang Defu Technology Co., Limited, Annual General Meeting, May 09, 2024 Jiujiang Defu Technology Co., Limited, Annual General Meeting, May 09, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Jiujiang, Jiangxi China Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥22.77, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 27x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.73, the stock trades at a trailing P/E ratio of 58.1x. Average trailing P/E is 32x in the Electrical industry in China. Announcement • Mar 30
Jiujiang Defu Technology Co., Limited to Report Q1, 2024 Results on Apr 26, 2024 Jiujiang Defu Technology Co., Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥17.62, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 26x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥23.63, the stock trades at a trailing P/E ratio of 53.3x. Average trailing P/E is 33x in the Electrical industry in China. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥27.13, the stock trades at a trailing P/E ratio of 61.2x. Average trailing P/E is 34x in the Electrical industry in China. Announcement • Dec 29
Jiujiang Defu Technology Co., Limited to Report Fiscal Year 2023 Results on Apr 19, 2024 Jiujiang Defu Technology Co., Limited announced that they will report fiscal year 2023 results on Apr 19, 2024 New Risk • Nov 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). High level of non-cash earnings (43% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Announcement • Nov 15
Jiujiang Defu Technology Co., Limited Approves Management Appointments Jiujiang Defu Technology Co., Limited at its Extraordinary General Meeting held on 13 November 2023, approved election of Luo Jia, Chen Zhao, Jiang Yang and Jin Rongtao as non-independent directors; election of Lei Ting, Lei Zhengming and Wang Jianping as independent directors; and election of Zhang Jie and Liu Yaohua as non-employee supervisors. Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.043. Net income: CN¥18.9m (up CN¥18.9m from 3Q 2022). Reported Earnings • Aug 30
First half 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.68 in 1H 2022) First half 2023 results: EPS: CN¥0.15 (down from CN¥0.68 in 1H 2022). Revenue: CN¥2.93b (down 1.4% from 1H 2022). Net income: CN¥55.6m (down 79% from 1H 2022). Profit margin: 1.9% (down from 8.8% in 1H 2022). The decrease in margin was primarily driven by higher expenses. Announcement • Aug 26
Jiujiang Defu Technology Co., Limited to Report First Half, 2023 Results on Aug 30, 2023 Jiujiang Defu Technology Co., Limited announced that they will report first half, 2023 results on Aug 30, 2023