New Risk • Jul 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 122% Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 124% Cash payout ratio: 122% Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Declared Dividend • Jul 06
Dividend of CN¥0.11 announced Dividend of CN¥0.11 is the same as last year. Ex-date: 8th July 2026 Payment date: 8th July 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio) nor is it covered by cash flows (122% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 37% to bring the payout ratio under control. However, EPS has declined by 35% over the last 5 years so the company would need to reverse this trend. Ankündigung • Jun 30
Hefei Gocom Information Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Hefei Gocom Information Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • Jun 05
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 8.3% 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 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.004 (vs CN¥0.026 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.004 (down from CN¥0.026 in 1Q 2025). Revenue: CN¥25.1m (down 38% from 1Q 2025). Net income: CN¥302.7k (down 87% from 1Q 2025). Profit margin: 1.2% (down from 5.6% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Ankündigung • Apr 23
Hefei Gocom Information Technology Co.,Ltd., Annual General Meeting, May 13, 2026 Hefei Gocom Information Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: No. 1682, Xiyou Road, High-tech Zone, Hefei, Anhui China Ankündigung • Mar 30
Hefei Gocom Information Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Hefei Gocom Information Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.30 in FY 2024) Full year 2025 results: EPS: CN¥0.12 (down from CN¥0.30 in FY 2024). Revenue: CN¥197.6m (down 33% from FY 2024). Net income: CN¥10.1m (down 62% from FY 2024). Profit margin: 5.1% (down from 8.9% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Ankündigung • Dec 26
Hefei Gocom Information Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Hefei Gocom Information Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 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 8.3% 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 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.025 loss per share (vs CN¥0.08 profit in 3Q 2024) Third quarter 2025 results: CN¥0.025 loss per share (down from CN¥0.08 profit in 3Q 2024). Revenue: CN¥38.5m (down 56% from 3Q 2024). Net loss: CN¥2.90m (down 140% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Ankündigung • Sep 30
Hefei Gocom Information Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Hefei Gocom Information Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% 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 16% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Declared Dividend • Jul 06
Dividend increased to CN¥0.11 Dividend of CN¥0.11 is 10.0% higher than last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 61% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. Ankündigung • Jun 30
Hefei Gocom Information Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Hefei Gocom Information Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.23 in FY 2023) Full year 2024 results: EPS: CN¥0.30 (up from CN¥0.23 in FY 2023). Revenue: CN¥296.6m (up 29% from FY 2023). Net income: CN¥26.3m (up 31% from FY 2023). Profit margin: 8.9% (up from 8.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% 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. Ankündigung • Apr 30
Hefei Gocom Information Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Hefei Gocom Information Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: No. 1682, Xiyou Road, High-tech Zone, Hefei, Anhui China Buy Or Sell Opportunity • Apr 09
Now 23% overvalued The stock has been flat over the last 90 days, currently trading at CN¥14.47. The fair value is estimated to be CN¥11.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 38%. Ankündigung • Mar 28
Hefei Gocom Information Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Hefei Gocom Information Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.23 in FY 2023) Full year 2024 results: EPS: CN¥0.30 (up from CN¥0.23 in FY 2023). Revenue: CN¥296.6m (up 29% from FY 2023). Net income: CN¥26.3m (up 31% from FY 2023). Profit margin: 8.9% (up from 8.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • Dec 27
Hefei Gocom Information Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Hefei Gocom Information Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.028 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (up from CN¥0.028 in 3Q 2023). Revenue: CN¥88.6m (up 122% from 3Q 2023). Net income: CN¥7.32m (up 228% from 3Q 2023). Profit margin: 8.3% (up from 5.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 37% 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. Ankündigung • Sep 30
Hefei Gocom Information Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Hefei Gocom Information Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥14.45, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.082 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.082 in 2Q 2023). Revenue: CN¥91.8m (up 33% from 2Q 2023). Net income: CN¥9.99m (up 23% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Ankündigung • Jun 29
Hefei Gocom Information Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Hefei Gocom Information Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Ankündigung • Apr 27
Hefei Gocom Information Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Hefei Gocom Information Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: No. 1682, Xiyou Road, High-tech Zone, Hefei, Anhui China Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.002 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.016 (up from CN¥0.002 in 1Q 2023). Revenue: CN¥30.9m (up 72% from 1Q 2023). Net income: CN¥1.40m (up CN¥1.24m from 1Q 2023). Profit margin: 4.5% (up from 0.8% in 1Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥10.75, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 39% over the past year. Ankündigung • Mar 29
Hefei Gocom Information Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Hefei Gocom Information Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.59 in FY 2022) Full year 2023 results: EPS: CN¥0.23 (down from CN¥0.59 in FY 2022). Revenue: CN¥230.1m (down 24% from FY 2022). Net income: CN¥20.0m (down 61% from FY 2022). Profit margin: 8.7% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. New Risk • Feb 08
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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥13.30, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 22% over the past year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.028 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥39.9m (down 4.5% from 3Q 2022). Net income: CN¥2.23m (down 74% from 3Q 2022). Profit margin: 5.6% (down from 21% in 3Q 2022). Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: CN¥0.082 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.082 (down from CN¥0.22 in 2Q 2022). Revenue: CN¥69.3m (down 14% from 2Q 2022). Net income: CN¥8.11m (down 47% from 2Q 2022). Profit margin: 12% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Ankündigung • Jun 28
Hefei Gocom Information Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 28, 2023 Hefei Gocom Information Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 28, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.002 (vs CN¥0.001 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.002 (up from CN¥0.001 in 1Q 2022). Revenue: CN¥18.0m (up 27% from 1Q 2022). Net income: CN¥153.1k (up 49% from 1Q 2022). Profit margin: 0.8% (up from 0.7% in 1Q 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Employee Representative Supervisor & Core Technical Staff Qian Li is the most experienced director on the board, commencing their role in 2020. Independent Director Ronghu Yu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.073 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.073 in 3Q 2021). Revenue: CN¥41.8m (up 40% from 3Q 2021). Net income: CN¥8.58m (up 29% from 3Q 2021). Profit margin: 21% (down from 22% in 3Q 2021). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.23 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (down from CN¥0.23 in 2Q 2021). Revenue: CN¥80.7m (up 13% from 2Q 2021). Net income: CN¥15.3m (down 9.6% from 2Q 2021). Profit margin: 19% (down from 24% in 2Q 2021). Over the next year, revenue is forecast to grow 50%, compared to a 25% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.01, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Electronic industry in China. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.001 (up from CN¥0.003 loss in 1Q 2021). Revenue: CN¥14.2m (up 57% from 1Q 2021). Net income: CN¥102.5k (up CN¥267.9k from 1Q 2021). Profit margin: 0.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 47%, compared to a 24% growth forecast for the industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.75 (up from CN¥0.75 in FY 2020). Revenue: CN¥250.5m (up 19% from FY 2020). Net income: CN¥57.3m (up 18% from FY 2020). Profit margin: 23% (in line with FY 2020). Revenue missed analyst estimates by 9.8%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 42%, compared to a 26% growth forecast for the industry in China. Buying Opportunity • Feb 15
Now 20% undervalued Over the last 90 days, the stock is up 7.6%. The fair value is estimated to be CN¥28.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% per annum over the last 3 years. Earnings per share has grown by 37% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥25.60, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 28x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥25.38, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 43x in the Electronic industry in China. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.27 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥29.9m (down 58% from 3Q 2020). Net income: CN¥6.65m (down 62% from 3Q 2020). Profit margin: 22% (down from 25% in 3Q 2020). Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.005 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥71.1m (up CN¥65.7m from 2Q 2020). Net income: CN¥16.9m (up CN¥17.2m from 2Q 2020). Profit margin: 24% (up from net loss in 2Q 2020).