New Risk • May 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 42% per year over the past 5 years. Anuncio • Mar 31
PowerTECH Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 PowerTECH Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.48 (vs CN¥0.29 in FY 2024) Full year 2025 results: EPS: CN¥0.48 (up from CN¥0.29 in FY 2024). Revenue: CN¥354.3m (up 14% from FY 2024). Net income: CN¥33.6m (up 65% from FY 2024). Profit margin: 9.5% (up from 6.5% in FY 2024). 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 90 percentage points per year, which is a significant difference in performance. Anuncio • Mar 31
PowerTECH Co., Ltd., Annual General Meeting, Apr 20, 2026 PowerTECH Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Mar 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 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 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Anuncio • Dec 31
PowerTECH Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 PowerTECH Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.037 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.037 (down from CN¥0.18 in 3Q 2024). Revenue: CN¥77.0m (down 13% from 3Q 2024). Net income: CN¥2.35m (down 81% from 3Q 2024). Profit margin: 3.0% (down from 14% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Anuncio • Sep 30
PowerTECH Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 PowerTECH Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Anuncio • Sep 27
Powertech Co., Ltd. Approves the Interim Profit Distribution Plan for 2025 PowerTECH Co., Ltd. in the 3rd egm of 2025 held on September 25, 2205 approved the Interim profit distribution plan for 2025. The company reported Cash dividend/10 shares (tax included): CNY1.50000000. New Risk • Sep 26
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 7.9% 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 Risks Earnings have declined by 37% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Sep 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 37% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Anuncio • Aug 27
Powertech Co., Ltd. Proposes Interim Cash Dividend for 2025 PowerTECH Co., Ltd. at its 3rd Extraordinary General Meeting of 2025 to be held on 25 September 2025 proposed 2025 interim profit distribution plan of Cash dividend/10 shares (tax included): of CNY 1.50000000. Anuncio • Jul 02
PowerTECH Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 PowerTECH Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • May 22
Dividend increased to CN¥0.26 Dividend of CN¥0.26 is 44% higher than last year. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by earnings (87% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 3.8% to shift the payout ratio to a potentially unsustainable range, which is less than the 14% EPS decline seen over the last 5 years. New Risk • May 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 37% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Anuncio • Apr 19
PowerTECH Co., Ltd. Proposes Final Cash Dividend for 2024 PowerTECH Co., Ltd. proposed final cash dividend of CNY 2.60000000 per 10 shares (tax included) for 2024. Anuncio • Apr 18
PowerTECH Co., Ltd., Annual General Meeting, May 13, 2025 PowerTECH Co., Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China New Risk • Apr 07
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 7.8% 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 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (8.7% net profit margin). Anuncio • Mar 31
PowerTECH Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 PowerTECH Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Anuncio • Dec 31
PowerTECH Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 PowerTECH Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.062 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.062 loss in 3Q 2023). Revenue: CN¥88.5m (up 64% from 3Q 2023). Net income: CN¥12.4m (up CN¥17.0m from 3Q 2023). Profit margin: 14% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Anuncio • Sep 30
PowerTECH Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 PowerTECH Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 12% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.084 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.084 (down from CN¥0.22 in 2Q 2023). Revenue: CN¥78.8m (up 9.8% from 2Q 2023). Net income: CN¥6.10m (down 65% from 2Q 2023). Profit margin: 7.7% (down from 25% in 2Q 2023). The decrease in margin was driven by higher expenses. Anuncio • Jun 29
PowerTECH Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 PowerTECH Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Anuncio • May 29
PowerTECH Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 31 May 2024 PowerTECH Co., Ltd. announced final cash dividend of CNY 1.80 per 10 shares (tax included) on A shares for the year 2023. Record date is 30 May 2024, Ex-date is 31 May 2024 and Payment date is 31 May 2024. Anuncio • Apr 28
PowerTECH Co., Ltd., Annual General Meeting, May 21, 2024 PowerTECH Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Foshan, Guangdong China Agenda: To consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2023 annual report and its summary; to consider the 2023 profit distribution plan; to consider the 2024 remuneration plan for non-independent directors; to consider the 2024 allowance for independent directors; to consider the 2024 remuneration plan for supervisors; to consider the reappointment of 2024 audit firm; to consider the change of the Company's registered capital, amendments to the Company's articles of association, and handling the industrial and commercial registration amendment; and to consider the other matters. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 4.8% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 402% Paying a dividend despite having no free cash flows. Earnings have declined by 4.8% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (8.0% net profit margin). Anuncio • Apr 27
PowerTECH Co., Ltd. Proposes Final Cash Dividend for 2023 PowerTECH Co., Ltd. announced on 26 April 2024 the final profit distribution proposal for 2023: cash dividend/10 shares (tax included) of CNY 1.80000000. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥43.58, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 51x in the Semiconductor industry in China. Total loss to shareholders of 46% over the past year. Anuncio • Mar 30
PowerTECH Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 PowerTECH Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥41.93, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 50x in the Semiconductor industry in China. Total loss to shareholders of 39% over the past year. New Risk • Feb 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 402% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (15% net profit margin). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥40.09, the stock trades at a trailing P/E ratio of 73.1x. Average trailing P/E is 48x in the Semiconductor industry in China. Total loss to shareholders of 43% over the past year. Anuncio • Dec 30
PowerTECH Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 PowerTECH Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.062 loss per share (vs CN¥0.39 profit in 3Q 2022) Third quarter 2023 results: CN¥0.062 loss per share (down from CN¥0.39 profit in 3Q 2022). Revenue: CN¥54.0m (down 29% from 3Q 2022). Net loss: CN¥4.59m (down 117% from profit in 3Q 2022). Anuncio • Sep 30
PowerTECH Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 PowerTECH Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Aug 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 26% Last year net profit margin: 40% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 230% Cash payout ratio: 318% Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (26% net profit margin). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥3.02 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (down from CN¥3.02 in 2Q 2022). Revenue: CN¥71.8m (down 44% from 2Q 2022). Net income: CN¥17.6m (down 67% from 2Q 2022). Profit margin: 25% (down from 42% in 2Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥87.67, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 69x in the Semiconductor industry in China. Anuncio • Jul 01
PowerTECH Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023 PowerTECH Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥85.32, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 62x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥152, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 68x in the Semiconductor industry in China. Reported Earnings • Mar 20
Full year 2022 earnings released: EPS: CN¥3.35 (vs CN¥3.67 in FY 2021) Full year 2022 results: EPS: CN¥3.35 (down from CN¥3.67 in FY 2021). Revenue: CN¥350.1m (up 1.9% from FY 2021). Net income: CN¥126.5m (down 1.0% from FY 2021). Profit margin: 36% (down from 37% in FY 2021). The decrease in margin was driven by higher expenses. Buying Opportunity • Mar 15
Now 22% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be CN¥140, however this is not to be taken as a buy 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 44%. Buying Opportunity • Feb 10
Now 21% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be CN¥140, however this is not to be taken as a buy 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 44%. Anuncio • Dec 02
PowerTECH Co., Ltd. Announces Board Appointments PowerTECH Co., Ltd. held its 1st Extraordinary General Meeting of 2022 on 30 November 2022 announced the appointment of Zhang Bo and Yang Ge as independent directors. Zheng Yue and Dai Xiaowen as non-employee supervisors. Board Change • Nov 16
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman of the Board Chimei Zhang was the last director to join the board, commencing their role in 2019. 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 25
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥76.3m (down 28% from 3Q 2021). Net income: CN¥27.1m (down 37% from 3Q 2021). Profit margin: 36% (down from 41% in 3Q 2021). The decrease in margin was driven by lower revenue.