Buy Or Sell Opportunity • May 14
Now 26% undervalued Over the last 90 days, the stock has risen 37% to CN¥355. The fair value is estimated to be CN¥480, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 214% in 2 years. Earnings are forecast to grow by 260% in the next 2 years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥378, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 2,275% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥484 per share. Reported Earnings • Apr 29
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥1.48 (up from CN¥1.07 in 1Q 2025). Revenue: CN¥5.52b (up 28% from 1Q 2025). Net income: CN¥1.29b (up 40% from 1Q 2025). Profit margin: 23% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 162% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Board Change • Apr 21
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Wong Ting Chung was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 19
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 8.0% 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: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Announcement • Apr 18
Victory Giant Technology (HuiZhou) Co.,Ltd has completed a Follow-on Equity Offering in the amount of HKD 20.11699 billion. Victory Giant Technology (HuiZhou) Co.,Ltd has completed a Follow-on Equity Offering in the amount of HKD 20.11699 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,400
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 833,400
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 42,793,763
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 37,220,100
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,300
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Transaction Features: New Market Listing; Regulation S; Reserved Share Offering; Rule 144A; Sponsor Backed Offering Announcement • Apr 15
Victory Giant Technology (HuiZhou) Co.,Ltd has filed a Follow-on Equity Offering in the amount of HKD 20.116998 billion. Victory Giant Technology (HuiZhou) Co.,Ltd has filed a Follow-on Equity Offering in the amount of HKD 20.116998 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,400
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 833,400
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 42,791,487
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 37,222,413
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,300
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Transaction Features: New Market Listing; Regulation S; Reserved Share Offering; Rule 144A; Sponsor Backed Offering Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥310, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 1,487% over the past three years. Announcement • Mar 31
Victory Giant Technology (Huizhou) Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Victory Giant Technology (Huizhou) Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Mar 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥5.01 (up from CN¥1.34 in FY 2024). Revenue: CN¥19.3b (up 80% from FY 2024). Net income: CN¥4.31b (up 274% from FY 2024). Profit margin: 22% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 154% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 14
Victory Giant Technology (Huizhou)Co.,Ltd. Proposes Cash Dividend for 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. at the Annual General Meeting at 14:30 on 03 April 2026 proposed 2025 profit distribution plan of cash dividend per 10 shares (tax included) of CNY 20.00000000. Announcement • Mar 12
Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 03, 2026 Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 03, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥315, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 1,718% over the past three years. Announcement • Dec 31
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥318, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 2,257% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥1.28 (up from CN¥0.36 in 3Q 2024). Revenue: CN¥5.09b (up 79% from 3Q 2024). Net income: CN¥1.10b (up 261% from 3Q 2024). Profit margin: 22% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 187% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Major Estimate Revision • Sep 16
Consensus revenue estimates increase by 12% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥19.3b to CN¥21.5b. EPS estimate increased from CN¥5.25 to CN¥6.48 per share. Net income forecast to grow 137% next year vs 49% growth forecast for Electronic industry in China. Consensus price target down from CN¥140 to CN¥100.00. Share price rose 34% to CN¥347 over the past week. Reported Earnings • Aug 27
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: CN¥1.43 (up from CN¥0.29 in 2Q 2024). Revenue: CN¥4.72b (up 92% from 2Q 2024). Net income: CN¥1.22b (up 390% from 2Q 2024). Profit margin: 26% (up from 10% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥170, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 1,017% over the past three years. Announcement • Jul 02
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥133, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 670% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥101, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 514% over the past three years. Reported Earnings • Apr 23
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: CN¥1.07 (up from CN¥0.24 in 1Q 2024). Revenue: CN¥4.31b (up 80% from 1Q 2024). Net income: CN¥920.6m (up 339% from 1Q 2024). Profit margin: 21% (up from 8.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic 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 increased by 64% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
Victory Giant Technology (HuiZhou)Co.,Ltd. Approves Cash Dividend for 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. at its Annual General Meeting of 2024 held on 18 April 2025, approved a cash dividend of CNY 3.00000000 per ten shares (tax included) for 2024. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥82.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 371% over the past three years. 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¥63.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 222% over the past three years. Board Change • Apr 01
High number of new directors President, Secretary of the Board & Non-Independent Director Qixiang Zhao was the last director to join the board, commencing their role in 2025. Announcement • Apr 01
Victory Giant Technology (Huizhou)Co.,Ltd. Proposes Final Dividend for 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 3.00000000. Announcement • Mar 31
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Mar 29
Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 18, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Announcement • Mar 19
Victory Giant Technology (Huizhou)Co.,Ltd. Approves Board Appointments Victory Giant Technology (HuiZhou)Co.,Ltd. approved the appointment of Chen Tao, non-independent director, Liu Chunlan, non-independent director, Zhao Qixiang, non-independent director;Chen Yong, non-independent director and Xie Lanjun, independent director; Xie Lingmin, independent director; Zhang Jihai, independent director at its 2nd Extraordinary General Meeting of 2025 held on 17 March 2025. Price Target Changed • Mar 11
Price target increased by 51% to CN¥64.00 Up from CN¥42.40, the current price target is an average from 2 analysts. New target price is 8.4% below last closing price of CN¥69.89. Stock is up 175% over the past year. The company posted earnings per share of CN¥1.35 last year. Reported Earnings • Mar 11
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.35 (up from CN¥0.78 in FY 2023). Revenue: CN¥10.7b (up 35% from FY 2023). Net income: CN¥1.16b (up 73% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) exceeded analyst estimates by 2.9%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic 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 increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥59.55, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥54.80, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 112% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥57.45, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 128% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥40.37, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 47% over the past three years. Announcement • Dec 31
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥43.67, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.36 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥2.84b (up 37% from 3Q 2023). Net income: CN¥305.6m (up 27% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥49.92, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Announcement • Sep 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥34.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥28.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.27 per share. Reported Earnings • Aug 17
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.27 in 2Q 2023). Revenue: CN¥2.46b (up 29% from 2Q 2023). Net income: CN¥249.4m (up 14% from 2Q 2023). Profit margin: 10% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 32%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to CN¥31.81. The fair value is estimated to be CN¥26.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 97% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥30.62, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.49 per share. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.69, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.02 per share. Announcement • Jun 29
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Jun 01
Victory Giant Technology (Huizhou)Co.,Ltd. Announces Implementation of Cash Dividend A Shares for the Year 2023, Payable on 07 June 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 1.90000000. Record date: 06 June 2024, Ex-date: 07 June 2024, Payment date: 07 June 2024. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥2.39b (up 36% from 1Q 2023). Net income: CN¥209.6m (up 68% from 1Q 2023). Profit margin: 8.8% (up from 7.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Apr 20
Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, May 10, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.98, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.31 per share. Announcement • Mar 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥25.18, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.73 per share. Buy Or Sell Opportunity • Feb 28
Now 26% undervalued Over the last 90 days, the stock has risen 7.0% to CN¥20.60. The fair value is estimated to be CN¥27.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 5.1%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. New Risk • Feb 19
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 8.6% 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: 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 (8.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.94 per share. Announcement • Dec 29
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.49 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28. Revenue: CN¥2.07b (up 5.1% from 3Q 2022). Net income: CN¥241.2m (up 30% from 3Q 2022). Profit margin: 12% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.41, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 6.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.94 per share. Announcement • Sep 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.27. Revenue: CN¥1.91b (down 2.7% from 2Q 2022). Net income: CN¥219.6m (down 13% from 2Q 2022). Profit margin: 12% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Announcement • Jul 29
Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) agreed to acquire MFS Technology (S) Pte Ltd from DCP Investments for $460 million. Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) agreed to acquire MFS Technology (S) Pte Ltd from DCP Investments for $460 million on July 27, 2023. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.88, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 16% over the past three years. Announcement • Jul 01
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥19.57, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 7.7% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥17.47, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 21% over the past three years. Reported Earnings • Apr 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.92 (up from CN¥0.86 in FY 2021). Revenue: CN¥7.89b (up 6.1% from FY 2021). Net income: CN¥790.6m (up 18% from FY 2021). Profit margin: 10.0% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥22.45, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.31, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 5.5% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.07, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.04 per share. Price Target Changed • Dec 16
Price target decreased to CN¥15.90 Down from CN¥20.56, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥13.76. Stock is down 54% over the past year. The company is forecast to post earnings per share of CN¥1.05 for next year compared to CN¥0.86 last year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Dazhi Chu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.30 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.49. Revenue: CN¥1.97b (down 1.5% from 3Q 2021). Net income: CN¥185.6m (down 20% from 3Q 2021). Profit margin: 9.4% (down from 12% in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Buying Opportunity • Oct 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥16.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 85% in the next 2 years. Buying Opportunity • Sep 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥18.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 85% in the next 2 years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19. Revenue: CN¥1.97b (up 8.3% from 2Q 2021). Net income: CN¥252.1m (up 21% from 2Q 2021). Profit margin: 13% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 26% growth forecast for the Electronic industry in China. Price Target Changed • Aug 07
Price target decreased to CN¥26.67 Down from CN¥30.08, the current price target is an average from 4 analysts. New target price is 49% above last closing price of CN¥17.94. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥1.14 for next year compared to CN¥0.86 last year. Announcement • Jul 12
Victory Giant Technology (Huizhou)Co.,Ltd. Announces Final Dividend on Share A for 2021, Payable on July 15, 2022 Victory Giant Technology (HuiZhou)Co.,Ltd. announced Cash dividend/10 shares (tax included): CNY 1.92025100 on share A for 2021. Record date: 14 July 2022, Ex-date: 15 July 2022 and Payment date: 15 July 2022. Announcement • May 21
Victory Giant Technology (HuiZhou)Co.,Ltd. Approves Cash Dividend for the Year 2021 Victory Giant Technology (HuiZhou)Co.,Ltd. held its Annual General Meeting of 2021 on 19 May 2022, during which it approved cash dividend of CNY 1.90000000 per ten shares (tax included) for the year 2021. 
