Announcement • Jul 23
Shijiazhuang Shangtai Technology Co., Ltd. Announces Board Appointments Shijiazhuang Shangtai Technology Co., Ltd. held its 2nd Extraordinary General Meeting of 2026 on July 20, 2026 approved to appoint Zhang Jiangtao, non-independent director; Zheng Jianhua, independent director; Feng Wenying, independent director. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to CN¥62.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 17% over the past three years. Announcement • Jun 30
Shijiazhuang Shangtai Technology Co., Ltd. to Report First Half, 2026 Results on Aug 19, 2026 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 19, 2026 New Risk • Apr 28
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.0% 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 Risk Debt is not well covered by operating cash flow (9.0% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin). New Risk • Apr 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Paying a dividend despite having no free cash flows. Announcement • Apr 21
Shijiazhuang Shangtai Technology Co., Ltd., Annual General Meeting, May 18, 2026 Shijiazhuang Shangtai Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:45 China Standard Time. Location: The Company's Meeting Room, Shijiazhuang, Hebei China Announcement • Mar 31
Shijiazhuang Shangtai Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Shijiazhuang Shangtai Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 New Risk • Nov 14
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 9.5% 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 Share price has been highly volatile over the past 3 months (9.5% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥109, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Electrical industry in China. Total returns to shareholders of 61% over the past year. Price Target Changed • Nov 01
Price target increased by 26% to CN¥91.77 Up from CN¥72.97, the current price target is an average from 3 analysts. New target price is 7.7% below last closing price of CN¥99.40. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥3.96 for next year compared to CN¥3.22 last year. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.89 (vs CN¥0.85 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.89 (up from CN¥0.85 in 3Q 2024). Revenue: CN¥2.12b (up 39% from 3Q 2024). Net income: CN¥231.9m (up 4.9% from 3Q 2024). Profit margin: 11% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Announcement • Sep 30
Shijiazhuang Shangtai Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥83.71, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the Electrical industry in China. Total returns to shareholders of 61% over the past year. New Risk • Sep 16
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 6.9% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Aug 25
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). High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.92 (vs CN¥0.80 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.92 (up from CN¥0.80 in 2Q 2024). Revenue: CN¥1.76b (up 43% from 2Q 2024). Net income: CN¥240.0m (up 15% from 2Q 2024). Profit margin: 14% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Announcement • Jul 02
Shijiazhuang Shangtai Technology Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 New Risk • May 06
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). High level of non-cash earnings (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 10
Shijiazhuang Shangtai Technology Co., Ltd. Approves Final Dividend for 2024 Shijiazhuang Shangtai Technology Co., Ltd. at its Annual General Meeting held on 07 April 2025 approved final cash dividend of CNY 8.00000000 per 10 shares (tax included) for 2024. Announcement • Mar 31
Shijiazhuang Shangtai Technology Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥63.13, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electrical industry in China. Total returns to shareholders of 91% over the past year. Announcement • Mar 18
Shijiazhuang Shangtai Technology Co., Ltd. Proposes Cash Dividend for Year 2024 Shijiazhuang Shangtai Technology Co., Ltd. announced on 17 March 2025 the profit distribution proposal for 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 8.00000000. Announcement • Mar 17
Shijiazhuang Shangtai Technology Co., Ltd., Annual General Meeting, Apr 07, 2025 Shijiazhuang Shangtai Technology Co., Ltd., Annual General Meeting, Apr 07, 2025, at 14:45 China Standard Time. Location: The Company's Meeting Room, Shijiazhuang, Hebei China Announcement • Feb 12
Shijiazhuang Shangtai Technology Co., Ltd. announced a financing transaction Shijiazhuang Shangtai Technology Co., Ltd. announced a private placement to issue convertible corporate bonds on February 10, 2025. The transaction has been approved in 1st Extraordinary General Meeting of 2025. Announcement • Dec 31
Shijiazhuang Shangtai Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 15, 2025 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 15, 2025 Announcement • Dec 19
Shijiazhuang Shangtai Technology Co., Ltd. (SZSE:001301) announces an Equity Buyback for CNY 100 million worth of its shares. Shijiazhuang Shangtai Technology Co., Ltd. (SZSE:001301) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at no more than CNY 65.83 per share. The purpose of the program is to implement employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The program will be valid for 12 months from the date on which the company's general meeting of shareholders approves repurchase plan. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥71.35, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 58% over the past year. Price Target Changed • Oct 29
Price target increased by 15% to CN¥69.93 Up from CN¥60.79, the current price target is an average from 4 analysts. New target price is 15% above last closing price of CN¥60.75. Stock is up 34% over the past year. The company is forecast to post earnings per share of CN¥2.99 for next year compared to CN¥2.78 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.85 (vs CN¥0.63 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.85 (up from CN¥0.63 in 3Q 2023). Revenue: CN¥1.53b (up 27% from 3Q 2023). Net income: CN¥221.1m (up 35% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥55.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.45 per share. 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 7.0% 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 (7.0% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Announcement • Sep 30
Shijiazhuang Shangtai Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥48.02, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 1.2% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.25 per share. Announcement • Jun 29
Shijiazhuang Shangtai Technology Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥45.04, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 37% over the past year. Major Estimate Revision • Apr 27
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.99b to CN¥5.07b. EPS estimate fell from CN¥3.16 to CN¥2.87 per share. Net income forecast to shrink 8.8% next year vs 45% growth forecast for Electrical industry in China . Consensus price target down from CN¥58.24 to CN¥51.54. Share price rose 8.1% to CN¥35.72 over the past week. Announcement • Apr 26
Shijiazhuang Shangtai Technology Co., Ltd., Annual General Meeting, May 15, 2024 Shijiazhuang Shangtai Technology Co., Ltd., Annual General Meeting, May 15, 2024, at 14:45 China Standard Time. Location: The Company's Meeting Room, Shijiazhuang, Hebei China Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥35.07, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 47% over the past year. Announcement • Mar 30
Shijiazhuang Shangtai Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 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¥25.58, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Electrical industry in China. Total loss to shareholders of 70% over the past year. Announcement • Dec 30
Shijiazhuang Shangtai Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.63 (vs CN¥1.82 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.63 (down from CN¥1.82 in 3Q 2022). Revenue: CN¥1.20b (down 10.0% from 3Q 2022). Net income: CN¥163.4m (down 54% from 3Q 2022). Profit margin: 14% (down from 27% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Announcement • Sep 30
Shijiazhuang Shangtai Technology Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.67 (vs CN¥1.78 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.67 (down from CN¥1.78 in 2Q 2022). Revenue: CN¥1.01b (down 7.7% from 2Q 2022). Net income: CN¥174.2m (down 50% from 2Q 2022). Profit margin: 17% (down from 32% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Announcement • Jul 29
Shijiazhuang Shangtai Technology Co., Ltd. Approves Executive Appointments Shijiazhuang Shangtai Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 on 27 July 2023 approved Election of Ouyang Wenhao as non-independent director, Liu Hongbo and Gao Jianping as independent directors. Announcement • Jul 01
Shijiazhuang Shangtai Technology Co., Ltd. to Report First Half, 2023 Results on Aug 11, 2023 Shijiazhuang Shangtai Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 11, 2023 Announcement • May 19
Shijiazhuang Shangtai Technology Co., Ltd. Announces Cash Dividend for 2022 Shijiazhuang Shangtai Technology Co., Ltd. announced cash dividend for 2022 as follows: Cash dividend per ten shares (tax included): CNY 10.00000000, at its Annual General Meeting of 2022 on 17 May 2023. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥63.22, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electrical industry in China.