New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Ankündigung • Mar 31
Shenzhen Success Electronics Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 Shenzhen Success Electronics Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Ankündigung • Dec 31
Shenzhen Success Electronics Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Shenzhen Success Electronics Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.027 loss per share (vs CN¥0.026 loss in 3Q 2024) Third quarter 2025 results: CN¥0.027 loss per share (further deteriorated from CN¥0.026 loss in 3Q 2024). Revenue: CN¥57.8m (up 38% from 3Q 2024). Net loss: CN¥7.38m (loss widened 2.8% from 3Q 2024). 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 61% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Sep 30
Shenzhen Success Electronics Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Success Electronics Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 06
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥44m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥44m free cash flow). Earnings have declined by 8.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Ankündigung • Jul 02
Shenzhen Success Electronics Co., Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Success Electronics Co., Ltd announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 17
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: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Ankündigung • May 21
Shenzhen Success Electronics Co., Ltd, Annual General Meeting, Jun 11, 2025 Shenzhen Success Electronics Co., Ltd, Annual General Meeting, Jun 11, 2025, at 14:30 China Standard Time. Location: 21F, Building T1, No. 2233, Keyuan South Road, Nanshan District, Shenzhen, Guangdong China New Risk • May 20
New major risk - Revenue and earnings growth Earnings have declined by 18% 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. New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥30m free cash flow). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Ankündigung • Mar 31
Shenzhen Success Electronics Co., Ltd to Report Q1, 2025 Results on Apr 28, 2025 Shenzhen Success Electronics Co., Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Ankündigung • Dec 31
Shenzhen Success Electronics Co., Ltd to Report Fiscal Year 2024 Results on Apr 28, 2025 Shenzhen Success Electronics Co., Ltd announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.026 loss per share (vs CN¥0.001 loss in 3Q 2023) Third quarter 2024 results: CN¥0.026 loss per share (further deteriorated from CN¥0.001 loss in 3Q 2023). Revenue: CN¥41.9m (down 8.0% from 3Q 2023). Net loss: CN¥7.18m (loss widened CN¥6.93m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Ankündigung • Sep 30
Shenzhen Success Electronics Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Success Electronics Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.002 (vs CN¥0.044 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.002 (down from CN¥0.044 in 2Q 2023). Revenue: CN¥69.2m (up 28% from 2Q 2023). Net income: CN¥645.4k (down 95% from 2Q 2023). Profit margin: 0.9% (down from 23% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥714.6m (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (CN¥714.6m market cap, or US$98.2m). Ankündigung • Jun 29
Shenzhen Success Electronics Co., Ltd to Report First Half, 2024 Results on Aug 30, 2024 Shenzhen Success Electronics Co., Ltd announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Ankündigung • Apr 30
Shenzhen Success Electronics Co., Ltd, Annual General Meeting, May 20, 2024 Shenzhen Success Electronics Co., Ltd, Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Ankündigung • Mar 30
Shenzhen Success Electronics Co., Ltd to Report Q1, 2024 Results on Apr 29, 2024 Shenzhen Success Electronics Co., Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Ankündigung • Jan 18
Shenzhen Success Electronics Co., Ltd Approves Election of Directors and Supervisors Shenzhen Success Electronics Co. Ltd. at its EGM held on 16 January 2024, approved election of Ji Min, Zhang Jianyun, Zhong Xindi, Zhang Wenyuan, Yu Zhikai, Lin Meng and Lin Yangwei as non-independent directors. Xue Wenjun, Shi Jun aned Ding Jingsong were elected as independent directors. Li Yihe and Ma Binbin were elected as a non-employee supervisors. Ankündigung • Dec 30
Shenzhen Success Electronics Co., Ltd to Report Fiscal Year 2023 Results on Apr 29, 2024 Shenzhen Success Electronics Co., Ltd announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.001 loss per share (vs CN¥0.015 loss in 3Q 2022) Third quarter 2023 results: CN¥0.001 loss per share (improved from CN¥0.015 loss in 3Q 2022). Revenue: CN¥45.5m (up 35% from 3Q 2022). Net loss: CN¥245.6k (loss narrowed 94% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 17% per year. New Risk • Oct 18
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.044 (vs CN¥0.021 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.044 (up from CN¥0.021 loss in 2Q 2022). Revenue: CN¥54.0m (up 21% from 2Q 2022). Net income: CN¥12.6m (up CN¥18.6m from 2Q 2022). Profit margin: 23% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.03 loss per share (vs CN¥0.019 loss in 1Q 2022) First quarter 2023 results: CN¥0.03 loss per share (further deteriorated from CN¥0.019 loss in 1Q 2022). Revenue: CN¥26.6m (down 15% from 1Q 2022). Net loss: CN¥8.16m (loss widened 55% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Non-Employee Supervisor Xiaoli Wu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.015 loss per share (vs CN¥0.012 loss in 3Q 2021) Third quarter 2022 results: CN¥0.015 loss per share (further deteriorated from CN¥0.012 loss in 3Q 2021). Revenue: CN¥33.7m (down 25% from 3Q 2021). Net loss: CN¥4.29m (loss widened 30% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: CN¥0.021 loss per share (vs CN¥0.029 loss in 2Q 2021) Second quarter 2022 results: CN¥0.021 loss per share (up from CN¥0.029 loss in 2Q 2021). Revenue: CN¥44.8m (down 16% from 2Q 2021). Net loss: CN¥5.98m (loss narrowed 27% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2022 earnings released: CN¥0.019 loss per share (vs CN¥0.017 loss in 1Q 2021) First quarter 2022 results: CN¥0.019 loss per share (down from CN¥0.017 loss in 1Q 2021). Revenue: CN¥31.3m (down 19% from 1Q 2021). Net loss: CN¥5.27m (loss widened 9.8% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. Non-Employee Supervisor Xiaoli Wu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Apr 10
Shenzhen Success Electronics Co., Ltd, Annual General Meeting, Apr 28, 2022 Shenzhen Success Electronics Co., Ltd, Annual General Meeting, Apr 28, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider reappointment of audit firm; to consider confirmation of 2021 remuneration for directors, supervisors and senior management, and formulation of 2022 remuneration plan; to consider by-election of directors; to consider extension of the valid period of the resolution on the connected transaction regarding assets purchase via share offering and cash payment and matching fund raising; and to consider extension of the valid period of the full authorization to the board to handle matters regarding the connected transaction of assets purchase via share offering and cash payment and matching fund raising. Reported Earnings • Apr 08
Full year 2021 earnings released: CN¥0.093 loss per share (vs CN¥0.11 loss in FY 2020) Full year 2021 results: CN¥0.093 loss per share (up from CN¥0.11 loss in FY 2020). Revenue: CN¥183.9m (up 32% from FY 2020). Net loss: CN¥26.0m (loss narrowed 18% from FY 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: CN¥0.012 loss per share (vs CN¥0.027 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥45.0m (up 2.5% from 3Q 2020). Net loss: CN¥3.30m (loss narrowed 56% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: CN¥0.029 loss per share (vs CN¥0.029 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses were not reduced. Second quarter 2021 results: Revenue: CN¥53.0m (up 49% from 2Q 2020). Net loss: CN¥8.21m (flat on 2Q 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.017 loss per share (vs CN¥0.022 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¥38.6m (up 89% from 1Q 2020). Net loss: CN¥4.80m (loss narrowed 22% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: CN¥0.11 loss per share (vs CN¥0.047 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥139.4m (down 32% from FY 2019). Net loss: CN¥31.5m (down 342% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Ankündigung • Feb 25
Shenzhen Success Electronics Co., Ltd to Report Fiscal Year 2020 Results on Mar 31, 2021 Shenzhen Success Electronics Co., Ltd announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 25
New 90-day low: CN¥6.25 The company is down 30% from its price of CN¥8.89 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥6.38, the stock is trading at a trailing P/E ratio of 42.5x, down from the previous P/E ratio of 51.2x. This compares to an average P/E of 37x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 21%. Is New 90 Day High Low • Feb 09
New 90-day low: CN¥6.59 The company is down 39% from its price of CN¥10.79 on 11 November 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 9.0% over the same period. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥7.71, the stock is trading at a trailing P/E ratio of 51.3x, up from the previous P/E ratio of 44.6x. This compares to an average P/E of 42x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 25%. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥6.62, the stock is trading at a trailing P/E ratio of 44.1x, down from the previous P/E ratio of 52.6x. This compares to an average P/E of 41x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 42%. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥7.99 The company is down 32% from its price of CN¥11.73 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥8.41 The company is down 36% from its price of CN¥13.06 on 15 September 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. Is New 90 Day High Low • Nov 13
New 90-day low: CN¥10.37 The company is down 3.0% from its price of CN¥10.72 on 14 August 2020. The Chinese market is down 1.0% 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. Ankündigung • Oct 20
Shenzhen Success Electronics Co., Ltd to Report Q3, 2020 Results on Oct 28, 2020 Shenzhen Success Electronics Co., Ltd announced that they will report Q3, 2020 results on Oct 28, 2020 Ankündigung • Oct 18
Shenzhen Success Electronics Co., Ltd Approves Election of Directors and Supervisors Shenzhen Success Electronics Co. Ltd. at its EGM held on October 15, 2020, approved election of Zhou Lu, Wang Yungui, Lin Meng and Zhao Cong as non-independent directors. The company approved election of Wu Yupu, Shen Bazhong and Rao Yanchao as independent directors. The company approved election of Zhu Gujia and Wu Xiaoli as non-employee supervisors of the company. Ankündigung • Jul 25
Shenzhen Success Electronics Co., Ltd to Report First Half, 2020 Results on Aug 21, 2020 Shenzhen Success Electronics Co., Ltd announced that they will report first half, 2020 results on Aug 21, 2020