Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥47.38, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 79x in the Electronic industry in China. Total returns to shareholders of 59% over the past three years. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.53 (vs CN¥0.12 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.53 (up from CN¥0.12 in 1Q 2025). Revenue: CN¥62.8m (down 2.4% from 1Q 2025). Net income: CN¥53.0m (up 343% from 1Q 2025). Profit margin: 84% (up from 19% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.30 in FY 2024) Full year 2025 results: EPS: CN¥0.37 (up from CN¥0.30 in FY 2024). Revenue: CN¥253.4m (up 20% from FY 2024). Net income: CN¥36.9m (up 21% from FY 2024). Profit margin: 15% (in line with FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Anuncio • Mar 31
Beijing JCZ Technology Co.,Ltd., Annual General Meeting, Apr 20, 2026 Beijing JCZ Technology Co.,Ltd., Annual General Meeting, Apr 20, 2026, at 14:45 China Standard Time. Location: 3F, No. 7, Kexing Road, Fengtai District, Beijing China Anuncio • Mar 30
Beijing JCZ Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Beijing JCZ Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: CN¥0.37 (vs CN¥0.30 in FY 2024) Full year 2025 results: EPS: CN¥0.37 (up from CN¥0.30 in FY 2024). Revenue: CN¥253.4m (up 20% from FY 2024). Net income: CN¥37.3m (up 22% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Dec 31
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 9.3% 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 (9.3% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Anuncio • Dec 26
Beijing JCZ Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Beijing JCZ Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Anuncio • Sep 30
Beijing JCZ Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Beijing JCZ Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 10
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: 0.6% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 7.8% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Anuncio • Jun 30
Beijing JCZ Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Beijing JCZ Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥27.11, the stock trades at a trailing P/E ratio of 77x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 61% over the past year. Anuncio • Apr 29
Beijing JCZ Technology Co.,Ltd., Annual General Meeting, May 19, 2025 Beijing JCZ Technology Co.,Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. New Risk • Apr 20
New major risk - Revenue and earnings growth Earnings have declined by 9.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.41 in FY 2023) Full year 2024 results: EPS: CN¥0.30 (down from CN¥0.41 in FY 2023). Revenue: CN¥212.1m (down 3.4% from FY 2023). Net income: CN¥30.5m (down 28% from FY 2023). Profit margin: 14% (down from 19% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in 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 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). New Risk • Apr 07
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: 0.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.87, the stock trades at a trailing P/E ratio of 55.2x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 15% over the past year. Anuncio • Mar 28
Beijing JCZ Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 19, 2025 Beijing JCZ Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 19, 2025 Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.26, the stock trades at a trailing P/E ratio of 66.3x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 13% over the past year. 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
Beijing JCZ Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Beijing JCZ Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.08 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.08 in 3Q 2023). Revenue: CN¥50.7m (down 8.2% from 3Q 2023). Net income: CN¥10.7m (up 28% from 3Q 2023). Profit margin: 21% (up from 15% in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥17.70, the stock trades at a trailing P/E ratio of 53.4x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 37% over the past year. Anuncio • Sep 30
Beijing JCZ Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Beijing JCZ Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.75, the stock trades at a trailing P/E ratio of 50.5x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 44% over the past year. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥59.7m (down 2.3% from 2Q 2023). Net income: CN¥9.91m (down 26% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Anuncio • Jun 29
Beijing JCZ Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Beijing JCZ Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Anuncio • Apr 23
Beijing JCZ Technology Co.,Ltd., Annual General Meeting, May 17, 2024 Beijing JCZ Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.58, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 46% over the past year. Anuncio • Mar 29
Beijing JCZ Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Beijing JCZ Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥20.07, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 34% over the past year. Anuncio • Feb 20
Beijing JCZ Technology Co.,Ltd. (SHSE:688291) announces an Equity Buyback for CNY 30 million worth of its shares. Beijing JCZ Technology Co.,Ltd. (SHSE:688291) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than CNY 30 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives and safeguarding company value and shareholder rights. The repurchases will be funded using company's self-owned funds, over-raised funds obtained from the initial public offering of RMB ordinary shares or loans from financial institutions. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥19.14, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 37% over the past year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (in line with 3Q 2022). Revenue: CN¥45.0m (up 19% from 3Q 2022). Net income: CN¥7.19m (up 33% from 3Q 2022). Profit margin: 16% (up from 14% in 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Jun 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.69 in FY 2021) Full year 2022 results: EPS: CN¥0.50 (down from CN¥0.69 in FY 2021). Revenue: CN¥197.8m (down 2.5% from FY 2021). Net income: CN¥40.7m (down 23% from FY 2021). Profit margin: 21% (down from 26% in FY 2021). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.69 in FY 2021) Full year 2022 results: EPS: CN¥0.50 (down from CN¥0.69 in FY 2021). Revenue: CN¥197.8m (down 2.5% from FY 2021). Net income: CN¥40.7m (down 23% from FY 2021). Profit margin: 21% (down from 26% in FY 2021). The decrease in margin was primarily driven by higher expenses. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 27
Third quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.07 (down from CN¥0.15 in 3Q 2021). Revenue: CN¥38.0m (down 25% from 3Q 2021). Net income: CN¥5.40m (down 52% from 3Q 2021). Profit margin: 14% (down from 22% in 3Q 2021). The decrease in margin was driven by lower revenue.