Announcement • Jun 30
Chengdu RML Technology Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Chengdu RML Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Declared Dividend • Jun 08
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is not covered by earnings (115% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.8% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 28% to bring the payout ratio under control. EPS is expected to grow by 81% over the next year, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 24
Chengdu RML Technology Co., Ltd., Annual General Meeting, May 19, 2026 Chengdu RML Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 15:30 China Standard Time. Location: 3F, No. 19, Huafu Avenue 4th Section, Shuangliu District, Chengdu, Sichuan China Reported Earnings • Apr 24
First quarter 2026 earnings released: CN¥0.22 loss per share (vs CN¥0.28 profit in 1Q 2025) First quarter 2026 results: CN¥0.22 loss per share (down from CN¥0.28 profit in 1Q 2025). Revenue: CN¥64.3m (down 73% from 1Q 2025). Net loss: CN¥54.5m (down 179% from profit in 1Q 2025). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Chengdu RML Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Chengdu RML Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 New Risk • Jan 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 7.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (18% net profit margin). Announcement • Dec 31
Chengdu RML Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Chengdu RML Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Major Estimate Revision • Dec 06
Consensus revenue estimates fall by 42% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.46b to CN¥840.0m. EPS estimate fell from CN¥2.04 to CN¥1.48 per share. Net income forecast to grow 107% next year vs 143% growth forecast for Aerospace & Defense industry in China. Consensus price target down from CN¥70.00 to CN¥50.00. Share price rose 6.3% to CN¥47.19 over the past week. Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Qianwei Ying was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Chengdu Rml Technology Co., Ltd. Announces Board Appointments Chengdu RML Technology Co., Ltd. announced the appointment of Xiao Changshi, non-independent director, Zhang Rui, non-independent director and Ying Qianwei, independent director. New Risk • Oct 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 31% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.69 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.16 (down from CN¥0.69 in 3Q 2024). Revenue: CN¥228.0m (down 52% from 3Q 2024). Net income: CN¥40.5m (down 76% from 3Q 2024). Profit margin: 18% (down from 35% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Sep 30
Chengdu RML Technology Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Chengdu RML Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Declared Dividend • Sep 08
First half dividend of CN¥0.14 announced Shareholders will receive a dividend of CN¥0.14. Ex-date: 10th September 2025 Payment date: 10th September 2025 Dividend yield will be 0.7%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 55% per year over the past 3 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.46 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.20 (down from CN¥0.46 in 2Q 2024). Revenue: CN¥226.5m (down 33% from 2Q 2024). Net income: CN¥47.4m (down 57% from 2Q 2024). Profit margin: 21% (down from 32% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Chengdu RML Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Chengdu RML Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • Jun 02
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 6th June 2025 Payment date: 6th June 2025 Dividend yield will be 1.0%, which is higher than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 75% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 28% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • May 10
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 (38% 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 • May 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥54.80, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 43x in the Aerospace & Defense industry in China. Total loss to shareholders of 14% over the past three years. New Risk • Apr 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% 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 (38% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 26
Chengdu RML Technology Co., Ltd., Annual General Meeting, May 19, 2025 Chengdu RML Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. Location: 3F, No. 19, Huafu Avenue Section 4, Shuangliu District, Chengdu, Sichuan China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥43.05, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 39x in the Aerospace & Defense industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 31
Chengdu RML Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Chengdu RML Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Chengdu RML Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Chengdu RML Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥53.28, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 39x in the Aerospace & Defense industry in China. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to CN¥61.11, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 39x in the Aerospace & Defense industry in China. Total loss to shareholders of 36% over the past three years. Reported Earnings • Oct 15
Third quarter 2024 earnings released: EPS: CN¥0.69 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.69 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥471.0m (up 101% from 3Q 2023). Net income: CN¥165.4m (up 139% from 3Q 2023). Profit margin: 35% (up from 30% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Sep 30
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 7.1% 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 (21% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Sep 30
Chengdu RML Technology Co., Ltd. to Report Q3, 2024 Results on Oct 15, 2024 Chengdu RML Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 15, 2024 Upcoming Dividend • Sep 16
Upcoming dividend of CN¥0.30 per share Eligible shareholders must have bought the stock before 23 September 2024. Payment date: 23 September 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Chinese dividend payers (2.8%). Higher than average of industry peers (0.8%). Announcement • Sep 11
Chengdu RML Technology Co., Ltd. Approves Interim Distribution for the Year 2024 Chengdu RML Technology Co., Ltd. announced that at its EGM held on September 09, 2024, shareholders approved the interim distribution of CNY 3.00 per share. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.64 (vs CN¥0.61 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.64 (up from CN¥0.61 in 2Q 2023). Revenue: CN¥339.1m (up 38% from 2Q 2023). Net income: CN¥109.7m (up 4.0% from 2Q 2023). Profit margin: 32% (down from 43% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Chengdu RML Technology Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Chengdu RML Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Board Change • Jun 06
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Chairman Jun Gui is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • May 25
Chengdu RML Technology Co., Ltd. Implements Final Cash Dividend for the Year 2023, Payable on 29 May 2024 Chengdu RML Technology Co., Ltd. implemented 2023 final profit distribution plan to be implemented (A shares): cash dividend/10 shares (tax included) of CNY 4.08000000. Record date is 28 May 2024. Ex-date is 29 May 2024. Payment date is 29 May 2024. New Risk • Apr 23
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.57 (vs CN¥0.51 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.57 (up from CN¥0.51 in 1Q 2023). Revenue: CN¥361.8m (up 47% from 1Q 2023). Net income: CN¥98.6m (up 10% from 1Q 2023). Profit margin: 27% (down from 37% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China. Announcement • Mar 30
Chengdu RML Technology Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Chengdu RML Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥41.98, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Aerospace & Defense industry in China. Total loss to shareholders of 50% over the past year. Announcement • Dec 30
Chengdu RML Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Chengdu RML Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Announcement • Nov 09
Chengdu RML Technology Co., Ltd. (SZSE:301050) announces an Equity Buyback for CNY 300 million worth of its shares. Chengdu RML Technology Co., Ltd. (SZSE:301050) announces a share repurchase program. Under the program, the company will repurchase up to CNY 300 million worth of its shares. The shares will be repurchased at a price not more than CNY 80 per share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The program will be valid for a period of 6 months. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.40 (vs CN¥0.24 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.40 (up from CN¥0.24 in 3Q 2022). Revenue: CN¥233.9m (up 12% from 3Q 2022). Net income: CN¥69.2m (up 66% from 3Q 2022). Profit margin: 30% (up from 20% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China. Announcement • Sep 30
Chengdu RML Technology Co., Ltd. to Report Q3, 2023 Results on Oct 20, 2023 Chengdu RML Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 20, 2023 New Risk • Aug 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 90% 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. Announcement • Jul 22
Chengdu RML Technology Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 26, 2023 Chengdu RML Technology Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY1.50000000 on A shares for the year 2022. Record date is July 25, 2023. Ex-date is July 26, 2023. Payment date is July 26, 2023. Announcement • Jun 09
Chengdu RML Technology Co., Ltd., Annual General Meeting, Jun 28, 2023 Chengdu RML Technology Co., Ltd., Annual General Meeting, Jun 28, 2023, at 15:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 annual report and its summary; to consider 2022 profit distribution plan; and to consider Reappointment of 2023 audit firm. Board Change • Feb 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Min Gong is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 19
Chengdu RML Technology Co., Ltd. Announces Board Changes Chengdu RML Technology Co., Ltd. held its 1st Extraordinary General Meeting of 2023 on 16 January 2023, during which the following proposal(s) was/were approved: Election of non-independent directors, cumulative voting system applicable: Deng Jieru, Gui Jun, Chen Chuanzhu, Chen Zhangliang, Liao Jie, Niu Yuqin. Election of independent directors, cumulative voting system applicable: Gan Shengdao, Gong Min, Yang Lin. 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. 3 non-independent directors. Independent Director Min Gong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.41 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.31 (down from CN¥0.41 in 3Q 2021). Revenue: CN¥217.8m (up 48% from 3Q 2021). Net income: CN¥53.6m (down 11% from 3Q 2021). Profit margin: 25% (down from 41% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥2.43 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.49. Revenue: CN¥217.6m (up 86% from 2Q 2021). Net income: CN¥86.7m (up 143% from 2Q 2021). Profit margin: 40% (up from 31% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 54%, compared to a 28% growth forecast for the Aerospace & Defense industry in China. Announcement • May 24
Chengdu RML Technology Co., Ltd. Announces Cash Dividend, Payable on 27 May 2022 Chengdu RML Technology Co., Ltd. announced Cash dividend per 10 shares (tax included) is CNY 1.94000000 of 2021 final profit distribution plan to be implemented (A shares). Payment date is 27 May 2022, Ex-date is 27 May 2022 and Record date is 26 May 2022. Announcement • May 20
Chengdu RML Technology Co., Ltd. Approves Cash Dividend for 2021 Chengdu RML Technology Co., Ltd., at the AGM held on 18 May 2022 approved Cash dividend/10 shares (tax included) of CNY 1.94000000 for 2021. Board Change • Apr 27
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 Min Gong was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Chengdu Rml Technology Co., Ltd. Announces Final Dividend Proposal for 2021 Chengdu RML Technology Co., Ltd. announced on 25 April 2022 the profit distribution proposal for 2021 of Cash dividend/10 shares (tax included): CNY 1.94000000. Reported Earnings • Apr 18
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥2.50 (up from CN¥1.67 in FY 2020). Revenue: CN¥735.0m (up 115% from FY 2020). Net income: CN¥201.5m (up 66% from FY 2020). Profit margin: 27% (down from 35% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 60%, compared to a 29% growth forecast for the industry in China. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.74 (vs CN¥0.29 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥146.7m (up 84% from 3Q 2020). Net income: CN¥60.0m (up 183% from 3Q 2020). Profit margin: 41% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue.