Announcement • Jun 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 01
Dividend increased to CN¥0.085 Dividend of CN¥0.085 is 21% higher than last year. Ex-date: 3rd June 2026 Payment date: 3rd June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 5.3% to shift the payout ratio to a potentially unsustainable range, which is less than the 18% EPS decline seen over the last 5 years. Announcement • May 29
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Announces 2025 Final Profit Distribution Plan on A Shares, Payable on June 3, 2026 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced 2025 final profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included) is CNY 0.85000000. Record date is June 2, 2026. Ex-date is June 3, 2026. Payment date is June 3, 2026. Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.049 in FY 2024) Full year 2025 results: EPS: CN¥0.10 (up from CN¥0.049 in FY 2024). Revenue: CN¥1.74b (up 10% from FY 2024). Net income: CN¥63.6m (up 103% from FY 2024). Profit margin: 3.6% (up from 2.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Announcement • Apr 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd., Annual General Meeting, May 20, 2026 Shenzhen Jieshun Science and Technology Industry Co.,Ltd., Annual General Meeting, May 20, 2026, at 10:00 China Standard Time. Location: Block A, No. 5, Guansheng 2nd Road, Longhua District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings have declined by 23% 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 Risk Earnings have declined by 23% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Dec 31
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.048 (vs CN¥0.042 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.048 (up from CN¥0.042 in 3Q 2024). Revenue: CN¥405.8m (up 9.3% from 3Q 2024). Net income: CN¥30.1m (up 16% from 3Q 2024). Profit margin: 7.4% (up from 7.0% in 3Q 2024). Revenue is forecast to grow 19% 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 fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Board Change • Sep 23
High number of new directors Independent Director Weixiang Li was the last director to join the board, commencing their role in 2025. Announcement • Sep 20
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Approves Election of Directors Shenzhen Jieshun Science and Technology Industry Co.,Ltd. at the Extraordinary General Meeting of 2025 on 18 September 2025 approved election of non-independent directors, cumulative voting system applicable: Zhu Hua, non-independent director; Election of independent directors, cumulative voting system applicable: Chen Xuanxuan, independent director; Li Weixiang, independent director. Announcement • Jul 02
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jul 02
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 8.2% 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 Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Declared Dividend • May 26
Dividend of CN¥0.07 announced Shareholders will receive a dividend of CN¥0.07. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 5.1% to bring the payout ratio under control. EPS is expected to grow by 77% over the next year, which is sufficient to bring the dividend into a sustainable range. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 19% 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 Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (113% payout ratio). Profit margins are more than 30% lower than last year (2.0% net profit margin). Announcement • Apr 26
Shenzhen Jieshun Science and Technology Industry Co.,Ltd., Annual General Meeting, May 20, 2025 Shenzhen Jieshun Science and Technology Industry Co.,Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Location: Block A, No. 5, Guansheng 2nd Road, Longhua District, Shenzhen, Guangdong China Reported Earnings • Apr 14
Full year 2024 earnings released: EPS: CN¥0.049 (vs CN¥0.17 in FY 2023) Full year 2024 results: EPS: CN¥0.049 (down from CN¥0.17 in FY 2023). Revenue: CN¥1.58b (down 4.0% from FY 2023). Net income: CN¥31.5m (down 72% from FY 2023). Profit margin: 2.0% (down from 6.8% in FY 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Apr 13
New major risk - Revenue and earnings growth Earnings have declined by 15% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (113% payout ratio). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥7.92, the stock trades at a trailing P/E ratio of 71.7x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 4.1% over the past three years. Announcement • Mar 31
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 31
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 New Risk • Nov 27
New major risk - Revenue and earnings growth Earnings have declined by 13% 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 Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (113% payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.084 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.042 (down from CN¥0.084 in 3Q 2023). Revenue: CN¥371.1m (down 2.8% from 3Q 2023). Net income: CN¥26.0m (down 52% from 3Q 2023). Profit margin: 7.0% (down from 14% in 3Q 2023). Revenue is forecast to grow 20% 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 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥8.41, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 9.8% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.046 (vs CN¥0.069 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.046 (down from CN¥0.069 in 2Q 2023). Revenue: CN¥373.1m (down 12% from 2Q 2023). Net income: CN¥31.4m (down 30% from 2Q 2023). Profit margin: 8.4% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% 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 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Jul 15
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (SZSE:002609) announces an Equity Buyback for CNY 50 million worth of its shares. Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (SZSE:002609) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not more than CNY 11 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Announcement • Jun 29
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Declared Dividend • May 30
Dividend increased to CN¥0.13 Dividend of CN¥0.13 is 317% higher than last year. Ex-date: 5th June 2024 Payment date: 5th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 131% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 29
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Implements Final Profit Distribution of A Shares for the year 2023, Payable on 05 June 2024 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced the 2023 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included) of CNY 1.25000000. Record date: 04 June 2024. Ex-date: 05 June 2024. Payment date: 05 June 2024. Announcement • Apr 29
Shenzhen Jieshun Science and Technology Industry Co.,Ltd., Annual General Meeting, May 20, 2024 Shenzhen Jieshun Science and Technology Industry Co.,Ltd., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: Block A, No. 5, Guansheng 2nd Road, Longhua District, Shenzhen, Guangdong China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.022 loss per share (vs CN¥0.023 loss in 1Q 2023) First quarter 2024 results: CN¥0.022 loss per share (improved from CN¥0.023 loss in 1Q 2023). Revenue: CN¥239.3m (up 3.3% from 1Q 2023). Net loss: CN¥14.4m (loss narrowed 3.6% from 1Q 2023). Revenue is forecast to grow 22% 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 fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.39, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Mar 28
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 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.07, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥6.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.59, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 5.4% over the past three years. Announcement • Dec 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 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 6.0% 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 Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.084 (vs CN¥0.075 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.084 (up from CN¥0.075 in 3Q 2022). Revenue: CN¥381.8m (up 3.5% from 3Q 2022). Net income: CN¥54.0m (up 5.6% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 19% 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 fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.015 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.068 (up from CN¥0.015 in 2Q 2022). Revenue: CN¥421.4m (up 40% from 2Q 2022). Net income: CN¥45.0m (up 372% from 2Q 2022). Profit margin: 11% (up from 3.2% in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 20
Shenzhen Jieshun Science and Technology Industry Approves Cash Dividend for 2022 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. approved cash dividend/10 shares (tax included): CNY 0.30000000 for 2022 at the AGM held on May 18, 2023. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.25 in FY 2021) Full year 2022 results: EPS: CN¥0.029 (down from CN¥0.25 in FY 2021). Revenue: CN¥1.38b (down 8.6% from FY 2021). Net income: CN¥18.6m (down 89% from FY 2021). Profit margin: 1.3% (down from 11% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 20% 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 fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.04 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.075 (up from CN¥0.04 in 3Q 2021). Revenue: CN¥368.7m (up 18% from 3Q 2021). Net income: CN¥51.1m (up 106% from 3Q 2021). Profit margin: 14% (up from 7.9% 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. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.015 (vs CN¥0.074 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.015 (down from CN¥0.074 in 2Q 2021). Revenue: CN¥302.1m (down 18% from 2Q 2021). Net income: CN¥9.53m (down 81% from 2Q 2021). Profit margin: 3.2% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 36%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 26
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on 31 May 2022 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.30000000 on A shares for the year 2021. Record date is 30 May 2022, Ex-date is 31 May 2022 and Payment date is 31 May 2022. Announcement • May 20
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Approves Cash Dividend for the Year 2021 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. approved cash dividend (tax included) of CNY 0.30000000 per 10 shares for the year 2021, at the AGM held on May 18, 2022. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non Independent Director Xiaoning Chen was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Proposes Final Dividend for 2021 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced on 25 April 2022 the profit distribution proposal for 2021. For the Period the Company proposed final Cash dividend/10 shares (tax included): CNY 0.30000000. Reported Earnings • Feb 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.26 (up from CN¥0.25 in FY 2020). Revenue: CN¥1.50b (up 9.8% from FY 2020). Net income: CN¥168.8m (up 5.6% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 56%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥10.89, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Board Change • Oct 08
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non Independent Director Xiaoning Chen was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.074 (vs CN¥0.072 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥368.2m (up 30% from 2Q 2020). Net income: CN¥50.9m (up 9.5% from 2Q 2020). Profit margin: 14% (down from 16% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Announcement • May 22
Shenzhen Jieshun Science and Technology Industry Co., Ltd. Proposes the Implementation of Final Distribution Plan on A Share for the Year 2019, Payable on 28 May 2021 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced that the company proposed final cash dividend per 10 shares (tax included) of CNY 1.0 for the year 2020. Record date is 27 May 2021. Ex-date is 28 May 2021. Payment date is 28 May 2021. Announcement • May 21
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. Approves of Final Cash Dividend for the Year 2020 Shenzhen Jieshun Science and Technology Industry Co.,Ltd. announced at the AGM held on May 18, 2021 that the company approved final cash dividend per 10 shares (tax included) of CNY 1.00000000 for the year 2020. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥11.89, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 7.0% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: CN¥0.014 loss per share (vs CN¥0.03 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥182.2m (up 58% from 1Q 2020). Net loss: CN¥8.43m (loss narrowed 56% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.24 (vs CN¥0.22 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥1.37b (up 18% from FY 2019). Net income: CN¥153.9m (up 8.2% from FY 2019). Profit margin: 11% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 14% per year. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 38%, compared to a 31% growth forecast for the Electronic industry in China. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥8.80 The company is down 29% from its price of CN¥12.40 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.33 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥9.66 The company is down 21% from its price of CN¥12.17 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.33 per share. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥10.79 The company is down 23% from its price of CN¥13.96 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.29 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS CN¥0.056 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥337.1m (up 38% from 3Q 2019). Net income: CN¥35.3m (up 89% from 3Q 2019). Profit margin: 11% (up from 7.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥11.75 The company is down 13% from its price of CN¥13.44 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.29 per share. Announcement • Jul 30
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (SZSE:002609) acquired Shenzhen Jieshuntong Network Technology Co., Ltd. from Jieshun Jinchuang Technology (Shenzhen) Co., Ltd. for CNY 100 million. Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (SZSE:002609) agreed to acquire Shenzhen Jieshuntong Network Technology Co., Ltd. from Jieshun Jinchuang Technology (Shenzhen) Co., Ltd. for CNY 100 million on April 23, 2020. The transaction was approved at the 6th meeting of the 5th directorate of Shenzhen Jieshun Science and Technology Industry Co.,Ltd.
Shenzhen Jieshun Science and Technology Industry Co.,Ltd. (SZSE:002609) completed the acquisition of Shenzhen Jieshuntong Network Technology Co., Ltd. from Jieshun Jinchuang Technology (Shenzhen) Co., Ltd. on May 11, 2020.