Ankündigung • Jul 07
Luxshare Precision Industry Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 24.266159 billion. Luxshare Precision Industry Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 24.266159 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 38,347,300
Price\Range: HKD 63.28
Discount Per Security: HKD 0.18984
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 159,388,600
Price\Range: HKD 63.28
Discount Per Security: HKD 0.18984
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 185,736,900
Price\Range: HKD 63.28
Discount Per Security: HKD 0.18984
Transaction Features: New Market Listing; Regulation S Ankündigung • Jul 02
Luxshare Precision Industry Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 24.266159 billion. Luxshare Precision Industry Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 24.266159 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 38,347,300
Price(maximum): HKD 63.28
Discount Per Security: HKD 0.18984
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 159,388,600
Price(maximum): HKD 63.28
Discount Per Security: HKD 0.18984
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 185,736,900
Price(maximum): HKD 63.28
Discount Per Security: HKD 0.18984
Transaction Features: New Market Listing; Regulation S Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥60.90, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 44x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥87.85 per share. Ankündigung • Jun 30
Luxshare Precision Industry Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Luxshare Precision Industry Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Buy Or Sell Opportunity • Jun 29
Now 23% undervalued Over the last 90 days, the stock has risen 33% to CN¥65.30. The fair value is estimated to be CN¥84.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Jun 08
Now 22% undervalued Over the last 90 days, the stock has risen 34% to CN¥66.14. The fair value is estimated to be CN¥84.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. New Risk • Jun 06
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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Buy Or Sell Opportunity • May 21
Now 20% undervalued Over the last 90 days, the stock has risen 34% to CN¥67.87. The fair value is estimated to be CN¥85.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Lingling Hou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 11
Luxshare Precision Industry Co., Ltd. (SZSE:002475) entered into a sale and purchase agreement to acquire Beijing West Industries Co., Ltd. from Zhangjiakou Huitou Equity Investment Fund Partnership (Limited Partnership), Zhangjiakou Juxin Equity Investment Fund Partnership (Limited Partnership), Zhangjiakou Ruitou Equity Investment Fund Partnership (Limited Partnership) and Zhangjiakou Zhitou Equity Investment Fund Partnership (Limited Partnership). Luxshare Precision Industry Co., Ltd. (SZSE:002475) entered into a sale and purchase agreement to acquire Beijing West Industries Co., Ltd. from Zhangjiakou Huitou Equity Investment Fund Partnership (Limited Partnership), Zhangjiakou Juxin Equity Investment Fund Partnership (Limited Partnership), Zhangjiakou Ruitou Equity Investment Fund Partnership (Limited Partnership) and Zhangjiakou Zhitou Equity Investment Fund Partnership (Limited Partnership) on May 10, 2026.
In the event that the Potential Acquisition materialises, Luxshare Precision will also indirectly hold 59.50% of the total issued Shares and become the ultimate controlling shareholder of BeijingWest Industries International Limited. Ankündigung • Apr 29
Luxshare Precision Industry Co., Ltd., Annual General Meeting, May 22, 2026 Luxshare Precision Industry Co., Ltd., Annual General Meeting, May 22, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Ankündigung • Mar 31
Luxshare Precision Industry Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Luxshare Precision Industry Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Ankündigung • Feb 07
Luxshare Precision Industry Co., Ltd. Announces profit distribution plan for the third quarter, Payable on February 12, 2026 Luxshare Precision Industry Co., Ltd. announced 2025 3rd quarter profit distribution plan to be implemented (A shares):. Cash dividend per 10 shares (tax included): CNY1.59914700. Record date: 11 February 2026, Ex-date: 12 February 2026, Payment date: 12 February 2026. Ankündigung • Jan 02
Luxshare Precision Industry Co., Ltd. (SZSE:002475) announces an Equity Buyback for CNY 2,000 million worth of its shares. Luxshare Precision Industry Co., Ltd. (SZSE:002475) announces a share repurchase program. Under the program, the company will repurchase up to CNY 2,000 million worth of its shares. The shares will be repurchased at no more than CNY 86.96 per Share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives. The program will be funded from Own Funds or Self-Financing (including Special Repurchase Loans). The program will be valid for 12 months. Ankündigung • Dec 31
Luxshare Precision Industry Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Luxshare Precision Industry Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Ankündigung • Dec 03
Luxshare Precision Industry Co., Ltd. Proposes Third Quarter Profit Distribution Plan for the Year 2025 Luxshare Precision Industry Co., Ltd. at its EGM to be held on 22 December 2025, proposed third quarter profit distribution plan: Cash dividend/10 shares (tax included) of CNY 1.60000000 for the year 2025. Ankündigung • Sep 30
Luxshare Precision Industry Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Luxshare Precision Industry Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Ankündigung • Jul 02
Luxshare Precision Industry Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Luxshare Precision Industry Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Ankündigung • Jun 24
Luxshare Precision Industry Co., Ltd. (SZSE:002475) signed Equity Transfer Intent Agreement to acquire Xinguang Energy Technology (Anhui) Co., Ltd. from Shenzhen Xinhao Photoelectricity Technology Co., Ltd (SZSE:301051). Luxshare Precision Industry Co., Ltd. (SZSE:002475) signed Equity Transfer Intent Agreement to acquire Xinguang Energy Technology (Anhui) Co., Ltd. from Shenzhen Xinhao Photoelectricity Technology Co., Ltd (SZSE:301051) on June 22, 2025. A cash consideration will be paid by Luxshare Precision Industry Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Xinguang Energy Technology (Anhui) Co., Ltd.
The transaction is subject to consummation of due diligence investigation. Ankündigung • Apr 26
Luxshare Precision Industry Co., Ltd., Annual General Meeting, May 22, 2025 Luxshare Precision Industry Co., Ltd., Annual General Meeting, May 22, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Ankündigung • Mar 31
Luxshare Precision Industry Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Luxshare Precision Industry Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Ankündigung • Mar 22
Luxshare Precision Industry Co., Ltd. (SZSE:002475) agreed to acquire Kunming Wenxun Industrial Co., Ltd. from Kunming Wingtech Communication Co., Ltd. Luxshare Precision Industry Co., Ltd. (SZSE:002475) agreed to acquire Kunming Wenxun Industrial Co., Ltd. from Kunming Wingtech Communication Co., Ltd on March 20, 2025. Consideration will be paid on the Signing Date, a lump sum of CNY 1,196,241,096.66 by bank transfer and on closing date, the Transferee shall pay the Transferor a lump sum of the net book value of the Target Company as stated in the audit and valuation results plus the final debt-to-equity swap amount minus the first payment of the Target Equity and minus the balance of the Target Equity balance by bank transfer.
For the period ending December 31, 2024, Kunming Wenxun Industrial Co., Ltd. reported total revenue of CNY 23.91 billion and net loss of CNY 864.91 million. As of December 31, 2024, Kunming Wenxun Industrial Co., Ltd. reported total assets of CNY 9.36 billion and total common equity of CNY 2.39 billion.
The transaction is subject to approval by possible approvals or authorizations required by relevant laws and regulations, approval of offer by Wingtech Technology shareholders and subject to approval of The Anti-Monopoly Bureau of the State Administration for Market Regulation. The deal has been approved by the Wingtech Technology board. Ankündigung • Dec 31
Luxshare Precision Industry Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Luxshare Precision Industry Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.51 (vs CN¥0.42 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.51 (up from CN¥0.42 in 3Q 2023). Revenue: CN¥73.6b (up 27% from 3Q 2023). Net income: CN¥3.68b (up 22% from 3Q 2023). Profit margin: 5.0% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥43.46, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.21 per share. Ankündigung • Sep 30
Luxshare Precision Industry Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Luxshare Precision Industry Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.38 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.38 in 2Q 2023). Revenue: CN¥51.2b (up 6.6% from 2Q 2023). Net income: CN¥2.93b (up 25% from 2Q 2023). Profit margin: 5.7% (up from 4.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 29
Luxshare Precision Industry Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Luxshare Precision Industry Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Ankündigung • Jun 20
Intel China Ltd. acquired an unknown minority stake in Dongguan Luxshare Technology Co., Ltd. from Luxshare Precision Industry Co., Ltd. (SZSE:002475). Intel China Ltd. acquired an unknown minority stake in Dongguan Luxshare Technology Co., Ltd. from Luxshare Precision Industry Co., Ltd. (SZSE:002475) on June 18, 2024.Intel China Ltd. completed the acquisition of an unknown minority stake in Dongguan Luxshare Technology Co., Ltd. from Luxshare Precision Industry Co., Ltd. (SZSE:002475) on June 18, 2024. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.09 per share. Ankündigung • Jun 05
Luxshare Precision Industry Co., Ltd., Annual General Meeting, Jun 27, 2024 Luxshare Precision Industry Co., Ltd., Annual General Meeting, Jun 27, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Ankündigung • Apr 27
Luxshare Precision Industry Co., Ltd. Proposes Final Dividend for 2023 Luxshare Precision Industry Co., Ltd. proposed final cash dividend of CNY 3.00000000 per 10 shares (tax included) for 2023. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥1.54 (vs CN¥1.29 in FY 2022) Full year 2023 results: EPS: CN¥1.54 (up from CN¥1.29 in FY 2022). Revenue: CN¥231.9b (up 8.4% from FY 2022). Net income: CN¥11.0b (up 20% from FY 2022). Profit margin: 4.7% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Ankündigung • Mar 30
Luxshare Precision Industry Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Luxshare Precision Industry Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Buy Or Sell Opportunity • Mar 22
Now 28% overvalued Over the last 90 days, the stock has fallen 1.6% to CN¥31.84. The fair value is estimated to be CN¥24.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Feb 06
Now 23% overvalued Over the last 90 days, the stock has fallen 13% to CN¥28.22. The fair value is estimated to be CN¥23.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Ankündigung • Dec 30
Luxshare Precision Industry Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Luxshare Precision Industry Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.37 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.42 (up from CN¥0.37 in 3Q 2022). Revenue: CN¥57.9b (down 8.5% from 3Q 2022). Net income: CN¥3.02b (up 15% from 3Q 2022). Profit margin: 5.2% (up from 4.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Ankündigung • Sep 30
Luxshare Precision Industry Co., Ltd. to Report Q3, 2023 Results on Oct 21, 2023 Luxshare Precision Industry Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 21, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.38 (up from CN¥0.28 in 2Q 2022). Revenue: CN¥48.0b (up 19% from 2Q 2022). Net income: CN¥2.34b (up 18% from 2Q 2022). Profit margin: 4.9% (in line with 2Q 2022). Revenue is forecast to grow 15% 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 increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Ankündigung • Jun 10
Luxshare Precision Industry Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 15 June 2023 Luxshare Precision Industry Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 1.29966100 for the year 2022, payable on 15 June 2023. Record date is 14 June 2023. Ex-date is 15 June 2023. Ankündigung • May 25
Luxshare Precision Industry Co., Ltd. Approves Cash Dividend for 2022 Luxshare Precision Industry Co., Ltd. paproved cash dividend per 10 shares (tax included) of CNY 1.30000000 for 2022 at its annual general meeting held on 22 May 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.25 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.25 (in line with 1Q 2022). Revenue: CN¥49.9b (up 20% from 1Q 2022). Net income: CN¥2.02b (up 12% from 1Q 2022). Profit margin: 4.0% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zhonghua Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥31.78, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.04 per share. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.23 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.37 (up from CN¥0.23 in 3Q 2021). Revenue: CN¥63.3b (up 93% from 3Q 2021). Net income: CN¥2.62b (up 64% from 3Q 2021). Profit margin: 4.1% (down from 4.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥40.4b (up 49% from 2Q 2021). Net income: CN¥1.98b (up 14% from 2Q 2021). Profit margin: 4.9% (down from 6.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year. Board Change • Aug 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zhonghua Liu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥35.95, 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 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.96 per share. Board Change • Jun 17
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yuhong Song was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥33.81, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 162% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥61.63 per share. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.19 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.19 in 1Q 2021). Revenue: CN¥41.6b (up 98% from 1Q 2021). Net income: CN¥1.80b (up 34% from 1Q 2021). Profit margin: 4.3% (down from 6.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥1.01 (down from CN¥1.03 in FY 2020). Revenue: CN¥154.1b (up 67% from FY 2020). Net income: CN¥7.07b (down 2.1% from FY 2020). Profit margin: 4.6% (down from 7.8% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 16%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥36.16, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 182% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.55 per share. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥45.61, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 448% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥36.29 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.31 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥32.9b (up 42% from 3Q 2020). Net income: CN¥1.60b (down 25% from 3Q 2020). Profit margin: 4.9% (down from 9.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.22 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¥27.1b (up 36% from 2Q 2020). Net income: CN¥1.74b (up 12% from 2Q 2020). Profit margin: 6.4% (down from 7.8% 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 44% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥45.84, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 376% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.09 per share. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS CN¥1.03 (vs CN¥0.68 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥92.5b (up 48% from FY 2019). Net income: CN¥7.23b (up 53% from FY 2019). Profit margin: 7.8% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 53% per year. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥1.04 (vs CN¥0.68 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥91.9b (up 47% from FY 2019). Net income: CN¥7.23b (up 53% from FY 2019). Profit margin: 7.9% (up from 7.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 45% per year. Is New 90 Day High Low • Feb 25
New 90-day low: CN¥47.60 The company is down 8.0% from its price of CN¥52.00 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.27 per share. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥49.00 The company is down 17% from its price of CN¥59.05 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.55 per share. Is New 90 Day High Low • Jan 11
New 90-day high: CN¥61.00 The company is up 2.0% from its price of CN¥59.80 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.75 per share. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥49.81 The company is down 8.0% from its price of CN¥54.19 on 16 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥11.73 per share. Is New 90 Day High Low • Nov 24
New 90-day low: CN¥50.97 The company is down 7.0% from its price of CN¥54.97 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.85 per share. Analyst Estimate Surprise Post Earnings • Oct 28
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 1.5% at CN¥23.1b. Revenue is forecast to grow 39% over the next year, compared to a 30% growth forecast for the Electronic industry in China. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥6.51b, up 64% from the prior year. Total revenue was CN¥84.2b over the last 12 months, up 63% from the prior year. Is New 90 Day High Low • Oct 10
New 90-day high: CN¥61.44 The company is up 9.0% from its price of CN¥56.17 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.13 per share.