Board Change • May 20
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director Yan Ding is the most experienced director on the board, commencing their role in 2022. 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 28
Hangzhou Century Co., Ltd, Annual General Meeting, May 18, 2026 Hangzhou Century Co., Ltd, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Ankündigung • Mar 31
Hangzhou Century Co., Ltd to Report Q1, 2026 Results on Apr 28, 2026 Hangzhou Century Co., Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Ankündigung • Dec 31
Hangzhou Century Co., Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Hangzhou Century Co., Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Ankündigung • Sep 30
Hangzhou Century Co., Ltd to Report Q3, 2025 Results on Oct 16, 2025 Hangzhou Century Co., Ltd announced that they will report Q3, 2025 results on Oct 16, 2025 Ankündigung • Aug 07
Cangnan County Shanhai Digital Technology Co., Ltd. completed the acquisition of Ewell Technology Co., Ltd from Hangzhou Century Co., Ltd (SZSE:300078). Cangnan County Shanhai Digital Technology Co., Ltd. agreed to acquire Ewell Technology Co., Ltd from Hangzhou Century Co., Ltd (SZSE:300078) for approximately CNY 300 million on April 28, 2025. A cash consideration of CNY 299.6 million will be paid by Cangnan County Shanhai Digital Technology Co., Ltd. As part of consideration, CNY 299.6 million is paid towards common equity of Ewell Technology Co., Ltd. The deal is subject to approval of shareholders of Hangzhou Century Co., Ltd. and Shenzhen Stock Exchange.
For the period ending October 31, 2024, Ewell Technology Co., Ltd reported total revenue of CNY 110.62 million and net loss of CNY 316.22 million. As of October 31, 2024, Ewell Technology Co., Ltd reported total assets of CNY 1.38 billion and total common equity of CNY 245.1 million. Pan-China Certified Public Accountants LLP acted as accountant for Hangzhou Century Co., Ltd. Sinolink Securities Co., Ltd. acted as financial advisor for Hangzhou Century Co., Ltd. Beijing DeHeng (Hangzhou) Law Firm acted as legal advisor for Hangzhou Century Co., Ltd.
The transaction is subject to approval of board and shareholders of Hangzhou Century Co., Ltd. and Shenzhen Stock Exchange. The transaction is approved by the board.
On July 30, 2025, Hangzhou Century Co., Ltd held the 3rd Extraordinary Shareholders Meeting of 2025, and approved the sale of Ewell Technology Co., Ltd.’s shares.
Cangnan County Shanhai Digital Technology Co., Ltd. completed the acquisition of Ewell Technology Co., Ltd from Hangzhou Century Co., Ltd (SZSE:300078) on August 5, 2025. Cangnan County Shanhai Digital Technology Co., Ltd. paid the full amount of CNY 299.5995 million On July 31, 2025. Ankündigung • Jul 02
Hangzhou Century Co., Ltd to Report First Half, 2025 Results on Aug 27, 2025 Hangzhou Century Co., Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Ankündigung • May 01
Cangnan County Shanhai Digital Technology Co., Ltd. agreed to acquire Ewell Technology Co., Ltd from Hangzhou Century Co., Ltd (SZSE:300078) for approximately CNY 300 million Cangnan County Shanhai Digital Technology Co., Ltd. agreed to acquire Ewell Technology Co., Ltd from Hangzhou Century Co., Ltd (SZSE:300078) for approximately CNY 300 million on April 28, 2025. A cash consideration of CNY 299.6 million will be paid by Cangnan County Shanhai Digital Technology Co., Ltd. As part of consideration, CNY 299.6 million is paid towards common equity of Ewell Technology Co., Ltd.
For the period ending October 31, 2024, Ewell Technology Co., Ltd reported total revenue of CNY 110.62 million and net loss of CNY 316.22 million. As of October 31, 2024, Ewell Technology Co., Ltd reported total assets of CNY 1.38 billion and total common equity of CNY 245.1 million.
The transaction is subject to approval of merger agreement by target board. Ankündigung • Apr 30
Hangzhou Century Co., Ltd, Annual General Meeting, May 27, 2025 Hangzhou Century Co., Ltd, Annual General Meeting, May 27, 2025, at 14:30 China Standard Time. Location: 3F, No. 567, Yueming Road, Binjiang District, Hangzhou, Zhejiang China Ankündigung • Mar 31
Hangzhou Century Co., Ltd to Report Q1, 2025 Results on Apr 29, 2025 Hangzhou Century Co., Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Ankündigung • Dec 31
Hangzhou Century Co., Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Hangzhou Century Co., Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.063 loss per share (vs CN¥0.017 loss in 3Q 2023) Third quarter 2024 results: CN¥0.063 loss per share (further deteriorated from CN¥0.017 loss in 3Q 2023). Revenue: CN¥167.7m (down 30% from 3Q 2023). Net loss: CN¥60.8m (loss widened 341% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 18% per year. Ankündigung • Sep 30
Hangzhou Century Co., Ltd to Report Q3, 2024 Results on Oct 30, 2024 Hangzhou Century Co., Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.026 loss in 2Q 2023) Second quarter 2024 results: CN¥0.19 loss per share (further deteriorated from CN¥0.026 loss in 2Q 2023). Revenue: CN¥198.0m (down 40% from 2Q 2023). Net loss: CN¥155.1m (loss widened CN¥133.9m from 2Q 2023). 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 29% per year, which means it has not declined as severely as earnings. Ankündigung • Jun 29
Hangzhou Century Co., Ltd to Report First Half, 2024 Results on Aug 28, 2024 Hangzhou Century Co., Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Ankündigung • Apr 28
Hangzhou Century Co., Ltd, Annual General Meeting, May 17, 2024 Hangzhou Century Co., Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: 3F, No. 567, Yueming Road, Binjiang District, Hangzhou, Zhejiang China Agenda: To consider 2023 work report of the board of directors, 2023 work report of the supervisory committee, 2023 annual report and its summary, 2023 annual accounts report, 2023 profit distribution plan; to consider reappointment of 2024 audit firm, 2024 remuneration plan for directors; 2024 remuneration plan for supervisors; to consider Change of the Company's business scope and amendments to the Company's articles of association; to consider unrecovered losses exceed one third of the paid-in capital. Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.07 loss per share (vs CN¥0.09 loss in 1Q 2023) First quarter 2024 results: CN¥0.07 loss per share (improved from CN¥0.09 loss in 1Q 2023). Revenue: CN¥198.9m (down 15% from 1Q 2023). Net loss: CN¥67.8m (loss narrowed 12% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Apr 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 70% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Ankündigung • Mar 30
Hangzhou Century Co., Ltd to Report Q1, 2024 Results on Apr 23, 2024 Hangzhou Century Co., Ltd announced that they will report Q1, 2024 results on Apr 23, 2024 New Risk • Feb 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 70% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Ankündigung • Dec 30
Hangzhou Century Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Hangzhou Century Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.017 loss per share (vs CN¥0 in 3Q 2022) Third quarter 2023 results: CN¥0.017 loss per share (further deteriorated from CN¥0 in 3Q 2022). Revenue: CN¥238.0m (down 22% from 3Q 2022). Net loss: CN¥13.8m (loss widened CN¥13.4m from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.026 loss per share (vs CN¥0.11 loss in 2Q 2022) Second quarter 2023 results: CN¥0.026 loss per share (improved from CN¥0.11 loss in 2Q 2022). Revenue: CN¥328.2m (up 3.7% from 2Q 2022). Net loss: CN¥21.2m (loss narrowed 18% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.09 loss per share (vs CN¥0.04 profit in 1Q 2022) First quarter 2023 results: CN¥0.09 loss per share (down from CN¥0.04 profit in 1Q 2022). Revenue: CN¥235.2m (down 39% from 1Q 2022). Net loss: CN¥76.7m (down 348% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Non-Employee Supervisor Xiang Lou is the most experienced director on the board, commencing their role in 2018. 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 29
Third quarter 2022 earnings released: EPS: CN¥0 (vs CN¥0.039 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0 (down from CN¥0.039 in 3Q 2021). Revenue: CN¥306.4m (down 2.6% from 3Q 2021). Net loss: CN¥393.9k (down 101% from profit in 3Q 2021). 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, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.11 loss per share (vs CN¥0.004 loss in 2Q 2021) Second quarter 2022 results: CN¥0.11 loss per share (down from CN¥0.004 loss in 2Q 2021). Revenue: CN¥316.6m (down 1.3% from 2Q 2021). Net loss: CN¥25.9m (loss widened CN¥21.8m from 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2021). Revenue: CN¥386.1m (up 17% from 1Q 2021). Net income: CN¥31.0m (down 1.6% from 1Q 2021). Profit margin: 8.0% (down from 9.6% in 1Q 2021). Over the next year, revenue is forecast to grow 59%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Non-Employee Representative Supervisor Shou Jinhua is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.25, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥6.19, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.039 (vs CN¥0.041 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings, although profit margins were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥314.7m (up 1.7% from 3Q 2020). Net income: CN¥28.4m (down 7.0% from 3Q 2020). Profit margin: 9.0% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 30
Second quarter 2021 earnings released: CN¥0.004 loss per share (vs CN¥0.022 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥320.8m (down 17% from 2Q 2020). Net loss: CN¥4.05m (down 117% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • May 03
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.03 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥329.1m (down 1.3% from 1Q 2020). Net income: CN¥31.5m (up 42% from 1Q 2020). Profit margin: 9.6% (up from 6.6% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥6.56, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥7.65 The company is down 32% from its price of CN¥11.23 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.40 per share. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥8.77 The company is down 26% from its price of CN¥11.83 on 25 September 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 up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.37 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥9.23 The company is down 22% from its price of CN¥11.88 on 11 September 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 up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.31 per share. Is New 90 Day High Low • Nov 05
New 90-day low: CN¥10.12 The company is down 19% from its price of CN¥12.47 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥70.03 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 23% at CN¥309.5m. Revenue is forecast to grow 44% over the next year, compared to a 30% growth forecast for the Electronic industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥103.4m, down 34% from the prior year. Total revenue was CN¥1.53b over the last 12 months, up 3.4% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥11.70 The company is down 13% from its price of CN¥13.43 on 23 July 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 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥16.27 per share.