Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥38.07, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 111x in the Software industry in China. Total loss to shareholders of 19% over the past three years. New Risk • May 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 99% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% 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. Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.81 (vs CN¥0.32 in FY 2024) Full year 2025 results: EPS: CN¥0.81 (up from CN¥0.32 in FY 2024). Revenue: CN¥694.4m (up 14% from FY 2024). Net income: CN¥74.8m (up 151% from FY 2024). Profit margin: 11% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 22
Wuhan Kotei Informatics Co.,Ltd., Annual General Meeting, May 13, 2026 Wuhan Kotei Informatics Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: 4F, Building 3, No. 6, Gangbiantian 1st Road, Donghu New Technology Development Zone, Wuhan, Hubei China Ankündigung • Mar 31
Wuhan Kotei Informatics Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Wuhan Kotei Informatics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 New Risk • Mar 23
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Earnings have declined by 21% 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. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 21% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Ankündigung • Dec 31
Wuhan Kotei Informatics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Wuhan Kotei Informatics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥52.68, the stock trades at a forward P/E ratio of 81x. Average forward P/E is 48x in the Software industry in China. Total returns to shareholders of 36% over the past three years. New Risk • Nov 21
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: 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. Reported Earnings • Oct 19
Third quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.26 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.26 in 3Q 2024). Revenue: CN¥148.7m (up 17% from 3Q 2024). Net income: CN¥1.86m (down 92% from 3Q 2024). Profit margin: 1.3% (down from 19% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software 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 only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Sep 30
Wuhan Kotei Informatics Co.,Ltd. to Report Q3, 2025 Results on Oct 18, 2025 Wuhan Kotei Informatics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025 New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.11 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.11 loss in 2Q 2024). Revenue: CN¥141.7m (up 48% from 2Q 2024). Net income: CN¥18.9m (up CN¥29.0m from 2Q 2024). Profit margin: 13% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software 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 3% per year. Ankündigung • Jul 02
Wuhan Kotei Informatics Co.,Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Wuhan Kotei Informatics Co.,Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 New Risk • Apr 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Ankündigung • Apr 23
Wuhan Kotei Informatics Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Wuhan Kotei Informatics Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.00000000 for the year 2024. Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.17 loss in FY 2023) Full year 2024 results: EPS: CN¥0.32 (up from CN¥0.17 loss in FY 2023). Revenue: CN¥607.4m (down 4.9% from FY 2023). Net income: CN¥29.8m (up CN¥45.3m from FY 2023). Profit margin: 4.9% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 21
Wuhan Kotei Informatics Co.,Ltd., Annual General Meeting, May 15, 2025 Wuhan Kotei Informatics Co.,Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China New Risk • Apr 07
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 Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Ankündigung • Mar 31
Wuhan Kotei Informatics Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Wuhan Kotei Informatics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 50% 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. This is currently the only risk that has been identified for the company. Ankündigung • Jan 17
Wuhan Kotei Informatics Co.,Ltd. Announces Board Appointments Wuhan Kotei Informatics Co.,Ltd. held its 1st Extraordinary General Meeting of 2025 on 15 January 2025, were approved Zhang Long, non-independent director, Wu Huihai, non-independent director and Liu Chengyun, non-employee supervisor. Ankündigung • Dec 31
Wuhan Kotei Informatics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Wuhan Kotei Informatics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.074 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.074 loss in 3Q 2023). Revenue: CN¥124.7m (up 4.1% from 3Q 2023). Net income: CN¥24.4m (up CN¥31.2m from 3Q 2023). Profit margin: 20% (up from net loss in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Ankündigung • Oct 17
Advanced Manufacturing Industrial Investment Fund (Hubei) Partnership Enterprise (L.P.) managed by CS Capital Co., Ltd. completed the acquisition of 21.46% stake in Heading Data Intelligence Co., Ltd. from Wuhan Kotei Informatics Co.,Ltd. (SZSE:301221). Advanced Manufacturing Industrial Investment Fund (Hubei) Partnership Enterprise (L.P.) managed by CS Capital Co., Ltd. agreed to acquire 21.46% stake in Heading Data Intelligence Co., Ltd. from Wuhan Kotei Informatics Co.,Ltd. (SZSE:301221) for CNY 45.8 million on August 2, 2024. A cash consideration of CNY 45.82 million will be paid by Advanced Manufacturing Industrial Investment Fund (Hubei) Partnership Enterprise (L.P.).
As of June 30, 2024, Heading Data Intelligence Co., Ltd. reported total assets of CNY 36.65 billion and net liabilities of CNY 3.42 billion. The transaction is subject to approval of Wuhan Kotei Informatics shareholders. The transaction has been approved by the board of Wuhan Kotei Informatics.
Advanced Manufacturing Industrial Investment Fund (Hubei) Partnership Enterprise (L.P.) managed by CS Capital Co., Ltd. completed the acquisition of 21.46% stake in Heading Data Intelligence Co., Ltd. from Wuhan Kotei Informatics Co.,Ltd. (SZSE:301221) on October 15, 2024. Ankündigung • Sep 30
Wuhan Kotei Informatics Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Wuhan Kotei Informatics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: CN¥0.11 loss per share (vs CN¥0.042 profit in 2Q 2023) Second quarter 2024 results: CN¥0.11 loss per share (down from CN¥0.042 profit in 2Q 2023). Revenue: CN¥96.1m (down 39% from 2Q 2023). Net loss: CN¥10.1m (down 362% from profit in 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Ankündigung • Jun 29
Wuhan Kotei Informatics Co.,Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Wuhan Kotei Informatics Co.,Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Ankündigung • May 29
Wuhan Kotei Informatics Co.,Ltd. Approves Final Cash Dividend for A Shares for the Year 2023, Payable on May 31, 2024 Wuhan Kotei Informatics Co.,Ltd. approved final Cash dividend/10 shares (tax included) of CNY 1.00000000 for A shares for the year 2023. Record date is May 30, 2024. Ex-date is May 31, 2024. Payment date is May 31, 2024. Declared Dividend • May 29
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 31st May 2024 Payment date: 31st May 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Ankündigung • Apr 21
Wuhan Kotei Informatics Co.,Ltd., Annual General Meeting, May 15, 2024 Wuhan Kotei Informatics Co.,Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Wuhan, Hubei China Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.17 loss per share (down from CN¥0.34 profit in FY 2022). Revenue: CN¥638.8m (up 21% from FY 2022). Net loss: CN¥15.5m (down 149% from profit in FY 2022). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China. Ankündigung • Mar 30
Wuhan Kotei Informatics Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Wuhan Kotei Informatics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to CN¥30.10, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Software industry in China. Total loss to shareholders of 33% over the past year. Ankündigung • Dec 29
Wuhan Kotei Informatics Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Wuhan Kotei Informatics Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: CN¥0.074 loss per share (vs CN¥0.069 loss in 3Q 2022) Third quarter 2023 results: CN¥0.074 loss per share (further deteriorated from CN¥0.069 loss in 3Q 2022). Revenue: CN¥119.8m (down 7.1% from 3Q 2022). Net loss: CN¥6.87m (loss widened 5.3% from 3Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Ankündigung • Sep 30
Wuhan Kotei Informatics Co.,Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Wuhan Kotei Informatics Co.,Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.042 (vs CN¥0.028 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.042 (up from CN¥0.028 in 2Q 2022). Revenue: CN¥157.5m (up 37% from 2Q 2022). Net income: CN¥3.87m (up 23% from 2Q 2022). Profit margin: 2.5% (down from 2.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Ankündigung • Jul 01
Wuhan Kotei Informatics Co.,Ltd. to Report First Half, 2023 Results on Aug 16, 2023 Wuhan Kotei Informatics Co.,Ltd. announced that they will report first half, 2023 results on Aug 16, 2023 Ankündigung • May 25
Wuhan Kotei Informatics Co.,Ltd. Approves Final Cash Dividend for A Shares for the Year 2022, Payable on 30 May 2023 Wuhan Kotei Informatics Co.,Ltd. approved final Cash dividend/10 shares (tax included) of CNY 2.00000000 for A shares for the year 2022. Record date is 29 May 2023. Ex-date is 30 May 2023. Payment date is 30 May 2023. Reported Earnings • Apr 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.34 (down from CN¥1.05 in FY 2021). Revenue: CN¥530.3m (up 23% from FY 2021). Net income: CN¥31.8m (down 57% from FY 2021). Profit margin: 6.0% (down from 17% in FY 2021). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Price Target Changed • Mar 22
Price target decreased by 12% to CN¥58.39 Down from CN¥65.99, the current price target is an average from 4 analysts. New target price is 28% above last closing price of CN¥45.69. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥1.07 for next year compared to CN¥1.05 last year. 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 Xiangxi Tang was the last independent director to join the board, commencing their role in 2020. 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: CN¥0.069 loss per share (vs CN¥0.26 profit in 3Q 2021) Third quarter 2022 results: CN¥0.069 loss per share (down from CN¥0.26 profit in 3Q 2021). Revenue: CN¥129.0m (up 19% from 3Q 2021). Net loss: CN¥6.53m (down 137% from profit in 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥630.2m to CN¥590.4m. EPS estimate also fell from CN¥1.31 per share to CN¥1.11 per share. Net income forecast to grow 144% next year vs 38% growth forecast for IT industry in China. Consensus price target of CN¥72.18 unchanged from last update. Share price fell 19% to CN¥55.47 over the past week. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.028 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.028 (down from CN¥0.21 in 2Q 2021). Revenue: CN¥115.1m (up 16% from 2Q 2021). Net income: CN¥3.16m (down 79% from 2Q 2021). Profit margin: 2.7% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 63%, compared to a 24% growth forecast for the IT industry in China. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥55.44, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 23x in the IT industry in China. Ankündigung • May 27
Wuhan Kotei Informatics Co.,Ltd. Announces Final Cash Dividend, Payable on June 1, 2022 Wuhan Kotei Informatics Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 4.00000000. Record date: 31 May 2022, Ex-date: 01 June 2022 and Payment date: 01 June 2022. Ankündigung • May 14
Wuhan Kotei Informatics Co.,Ltd. Approves Cash Dividend for the Year 2021 Wuhan Kotei Informatics Co.,Ltd. announced the profit distribution for 2021. The company announced final cash dividend/10 shares (tax included) of CNY 4.00000000 at its AGM held on 11 May 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: CN¥0.02 (down from CN¥0.14 in 1Q 2021). Revenue: CN¥80.6m (up 16% from 1Q 2021). Net income: CN¥1.43m (down 85% from 1Q 2021). Profit margin: 1.8% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 55%, compared to a 24% growth forecast for the industry in China. Reported Earnings • Apr 18
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥1.05 (vs CN¥1.05 in FY 2020). Revenue: CN¥432.2m (up 29% from FY 2020). Net income: CN¥73.3m (flat on FY 2020). Profit margin: 17% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 47%, compared to a 24% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥66.50, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 25x in the IT industry in China.