New Risk • Apr 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥680.7m (US$99.8m) 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 Earnings have declined by 56% per year over the past 5 years. Minor Risks Revenue is less than US$5m (CN¥7.7m revenue, or US$1.1m). Market cap is less than US$100m (CN¥680.7m market cap, or US$99.8m). Anuncio • Mar 30
Shanghai Broadband Technology Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Shanghai Broadband Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Anuncio • Dec 26
Shanghai Broadband Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Shanghai Broadband Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 Anuncio • Sep 30
Shanghai Broadband Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Shanghai Broadband Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 46% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 62% per year over the past 5 years. Minor Risks High level of debt (46% net debt to equity). Revenue is less than US$5m (CN¥9.1m revenue, or US$1.3m). New Risk • Sep 01
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue 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 Risks Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m. Anuncio • Jun 30
Shanghai Broadband Technology Co.,Ltd to Report First Half, 2025 Results on Aug 26, 2025 Shanghai Broadband Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • May 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.06x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.06x net interest cover). Earnings have declined by 66% per year over the past 5 years. Minor Risk Revenue is less than US$5m (CN¥15m revenue, or US$2.1m). New Risk • May 05
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: CN¥15m (US$2.1m) This is considered a minor risk. Companies with a small amount of revenue 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 Earnings have declined by 66% per year over the past 5 years. Minor Risk Revenue is less than US$5m (CN¥15m revenue, or US$2.1m). Anuncio • Apr 29
Shanghai Broadband Technology Co.,Ltd, Annual General Meeting, May 28, 2025 Shanghai Broadband Technology Co.,Ltd, Annual General Meeting, May 28, 2025, at 14:00 China Standard Time. Anuncio • Mar 28
Shanghai Broadband Technology Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Shanghai Broadband Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 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. Anuncio • Dec 27
Shanghai Broadband Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Shanghai Broadband Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 New Risk • Nov 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 71% per year over the past 5 years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.002 loss per share (vs CN¥0 in 3Q 2023) Third quarter 2024 results: CN¥0.002 loss per share (further deteriorated from CN¥0 in 3Q 2023). Revenue: CN¥65.0m (up 228% from 3Q 2023). Net loss: CN¥640.9k (down CN¥725.9k from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Anuncio • Sep 30
Shanghai Broadband Technology Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Shanghai Broadband Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 04
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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 65% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.001 (up from CN¥0 in 2Q 2023). Revenue: CN¥44.4m (down 37% from 2Q 2023). Net income: CN¥240.8k (up 224% from 2Q 2023). Profit margin: 0.5% (up from 0.1% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Anuncio • Jun 28
Shanghai Broadband Technology Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Shanghai Broadband Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Anuncio • Jun 08
Shanghai Broadband Technology Co.,Ltd, Annual General Meeting, Jun 27, 2024 Shanghai Broadband Technology Co.,Ltd, Annual General Meeting, Jun 27, 2024, at 14:00 China Standard Time. Location: 17F, No. 25, Panlong Road, Xishan District, Kunming, Yunnan China New Risk • Jun 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥707.1m (US$97.6m) 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 Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 53% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥707.1m market cap, or US$97.6m). New Risk • Jun 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.8x net interest cover). Earnings have declined by 65% per year over the past 5 years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.002 (vs CN¥0.001 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.002 (up from CN¥0.001 in 1Q 2023). Revenue: CN¥80.2m (up 46% from 1Q 2023). Net income: CN¥593.6k (up 240% from 1Q 2023). Profit margin: 0.7% (up from 0.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Anuncio • Mar 29
Shanghai Broadband Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Broadband Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Anuncio • Dec 30
Shanghai Broadband Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Shanghai Broadband Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Nov 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 61% per year over the past 5 years. High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0 (vs CN¥0.002 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0 (down from CN¥0.002 in 3Q 2022). Revenue: CN¥19.8m (down 78% from 3Q 2022). Net income: CN¥85.0k (down 86% from 3Q 2022). Profit margin: 0.4% (down from 0.7% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Aug 29
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 61% 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. High level of non-cash earnings (61% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0 (vs CN¥0.004 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0 (down from CN¥0.004 in 2Q 2022). Revenue: CN¥70.2m (down 18% from 2Q 2022). Net income: CN¥74.3k (down 94% from 2Q 2022). Profit margin: 0.1% (down from 1.4% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be CN¥5.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Earnings per share has declined by 14%. Anuncio • Jun 28
Shanghai Broadband Technology Co.,Ltd to Report First Half, 2023 Results on Aug 29, 2023 Shanghai Broadband Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 29, 2023 Buying Opportunity • Jun 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥4.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 47% over the last 3 years. Earnings per share has declined by 14%. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.006 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.001 (down from CN¥0.006 in 1Q 2022). Revenue: CN¥55.0m (down 50% from 1Q 2022). Net income: CN¥174.6k (down 92% from 1Q 2022). Profit margin: 0.3% (down from 1.9% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 1 independent director (6 non-independent directors). Director Yunjiang Liao was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.002 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.002 (in line with 3Q 2021). Revenue: CN¥88.6m (down 9.7% from 3Q 2021). Net income: CN¥584.9k (down 24% from 3Q 2021). Profit margin: 0.7% (down from 0.8% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.006 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.004 (down from CN¥0.006 in 2Q 2021). Revenue: CN¥85.7m (up 396% from 2Q 2021). Net income: CN¥1.24m (down 42% from 2Q 2021). Profit margin: 1.4% (down from 12% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 11% 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 • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.006 (vs CN¥0.002 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.006 (up from CN¥0.002 loss in 1Q 2021). Revenue: CN¥110.4m (down 7.9% from 1Q 2021). Net income: CN¥2.07m (up CN¥2.75m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. No independent directors (5 non-independent directors). Director Yunjiang Liao was the last director to join 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 independent directors. Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.002 (vs CN¥0.001 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥98.1m (down 65% from 3Q 2020). Net income: CN¥768.9k (up 215% from 3Q 2020). Profit margin: 0.8% (up from 0.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.002 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥17.3m (down 95% from 2Q 2020). Net income: CN¥2.13m (up 187% from 2Q 2020). Profit margin: 12% (up from 0.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
First quarter 2021 earnings released: CN¥0.002 loss per share (vs CN¥0.002 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: CN¥119.8m (down 59% from 1Q 2020). Net loss: CN¥675.6k (down 202% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥3.75 The company is down 18% from its price of CN¥4.57 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 Metals and Mining industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 08
New 90-day low: CN¥3.93 The company is down 10.0% from its price of CN¥4.37 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: CN¥4.21 The company is down 7.0% from its price of CN¥4.54 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 8.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: CN¥4.31 The company is down 4.0% from its price of CN¥4.48 on 13 August 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Anuncio • Oct 20
Shanghai Broadband Technology Co.,Ltd to Report Q3, 2020 Results on Oct 27, 2020 Shanghai Broadband Technology Co.,Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 24
New 90-day low: CN¥4.38 The company is down 2.0% from its price of CN¥4.47 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 9.0% over the same period. Anuncio • Jul 09
Shanghai Broadband Technology Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Shanghai Broadband Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020 
