Annonce • Jun 30
Hundsun Technologies Inc. to Report First Half, 2026 Results on Aug 26, 2026 Hundsun Technologies Inc. announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 08
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 9th June 2026 Payment date: 9th June 2026 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.07 (up from CN¥0.02 in 1Q 2025). Revenue: CN¥905.3m (down 12% from 1Q 2025). Net income: CN¥138.8m (up 343% from 1Q 2025). Profit margin: 15% (up from 3.1% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 08
Price target decreased by 7.7% to CN¥34.41 Down from CN¥37.27, the current price target is an average from 10 analysts. New target price is 30% above last closing price of CN¥26.47. Stock is up 5.0% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.65 last year. Annonce • Mar 30
Hundsun Technologies Inc. to Report Q1, 2026 Results on Apr 30, 2026 Hundsun Technologies Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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. Reported Earnings • Mar 28
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: CN¥0.65 (up from CN¥0.55 in FY 2024). Revenue: CN¥5.78b (down 12% from FY 2024). Net income: CN¥1.23b (up 18% from FY 2024). Profit margin: 21% (up from 16% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Annonce • Mar 28
Hundsun Technologies Inc., Annual General Meeting, Apr 21, 2026 Hundsun Technologies Inc., Annual General Meeting, Apr 21, 2026, at 14:00 China Standard Time. Location: No. 1888, Binxing Road, Binjiang District, Hangzhou, Zhejiang China Annonce • Dec 26
Hundsun Technologies Inc. to Report Fiscal Year 2025 Results on Mar 28, 2026 Hundsun Technologies Inc. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.23 in 3Q 2024). Revenue: CN¥1.06b (down 21% from 3Q 2024). Net income: CN¥194.6m (down 53% from 3Q 2024). Profit margin: 18% (down from 31% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Annonce • Sep 30
Hundsun Technologies Inc. to Report Q3, 2025 Results on Oct 31, 2025 Hundsun Technologies Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Aug 28
Price target increased by 12% to CN¥35.80 Up from CN¥32.06, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥37.66. Stock is up 139% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.55 last year. Reported Earnings • Aug 25
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.056 in 2Q 2024). Revenue: CN¥1.40b (down 15% from 2Q 2024). Net income: CN¥229.2m (up 247% from 2Q 2024). Profit margin: 16% (up from 4.0% in 2Q 2024). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. New Risk • Jul 31
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 6.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.82, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 57x in the Software industry in China. Total returns to shareholders of 22% over the past three years. Annonce • Jun 30
Hundsun Technologies Inc. to Report First Half, 2025 Results on Aug 23, 2025 Hundsun Technologies Inc. announced that they will report first half, 2025 results on Aug 23, 2025 Annonce • Jun 24
Hundsun Technologies Inc.(SHSE:600570) dropped from Shanghai Stock Exchange 180 Value Index Hundsun Technologies Inc. has been removed form Shanghai Stock Exchange 180 Value Index. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥30.58, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 51x in the Software industry in China. Total loss to shareholders of 11% over the past three years. Declared Dividend • Jun 02
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 23% lower than last year. Ex-date: 6th June 2025 Payment date: 6th June 2025 Dividend yield will be 0.4%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 14
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥7.46b to CN¥6.95b. EPS estimate also fell from CN¥0.756 per share to CN¥0.664 per share. Net income forecast to grow 20% next year vs 57% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥32.95. Share price rose 2.7% to CN¥27.40 over the past week. Major Estimate Revision • May 06
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.667 to CN¥0.756. Revenue forecast steady at CN¥7.46b. Net income forecast to grow 33% next year vs 58% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥33.23. Share price rose 5.0% to CN¥26.68 over the past week. Annonce • Apr 14
Hundsun Technologies Inc. (SHSE:600570) announces an Equity Buyback for CNY 40 million worth of its shares. Hundsun Technologies Inc. (SHSE:600570) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at a price of CNY 44.38 per share. All the repurchased shares will be cancelled in accordance with the law and the registered capital of the company will be reduced. The repurchase program is subject to share holder's approval. The program will be valid for a period of 6 months from shareholder's approval date. Major Estimate Revision • Apr 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥8.18b to CN¥7.01b. EPS estimate fell from CN¥0.915 to CN¥0.655 per share. Net income forecast to grow 19% next year vs 56% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥34.52. Share price fell 4.7% to CN¥27.56 over the past week. Reported Earnings • Apr 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.55 (down from CN¥0.75 in FY 2023). Revenue: CN¥6.58b (down 9.6% from FY 2023). Net income: CN¥1.04b (down 27% from FY 2023). Profit margin: 16% (down from 20% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Annonce • Mar 29
Hundsun Technologies Inc., Annual General Meeting, Apr 22, 2025 Hundsun Technologies Inc., Annual General Meeting, Apr 22, 2025, at 14:00 China Standard Time. Location: No. 1888, Binxing Road, Binjiang District, Hangzhou, Zhejiang China Annonce • Mar 28
Hundsun Technologies Inc. to Report Q1, 2025 Results on Apr 29, 2025 Hundsun Technologies Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Buy Or Sell Opportunity • Feb 18
Now 22% undervalued Over the last 90 days, the stock has risen 6.9% to CN¥32.74. The fair value is estimated to be CN¥42.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥30.15, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 49x in the Software industry in China. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.99 per share. Annonce • Dec 27
Hundsun Technologies Inc. to Report Fiscal Year 2024 Results on Mar 28, 2025 Hundsun Technologies Inc. announced that they will report fiscal year 2024 results on Mar 28, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥30.49, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 45x in the Software industry in China. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.92 per share. Price Target Changed • Nov 01
Price target increased by 11% to CN¥27.02 Up from CN¥24.41, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of CN¥25.83. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥0.81 for next year compared to CN¥0.75 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.085 in 3Q 2023). Revenue: CN¥1.35b (down 12% from 3Q 2023). Net income: CN¥415.6m (up 159% from 3Q 2023). Profit margin: 31% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates by 69%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥28.10, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 41x in the Software industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.90 per share. Annonce • Oct 17
Hydsoft Technology Co.,Ltd. (SZSE:301316) agreed to acquire 51% stake in Jinrui Software Technology (Hangzhou) Co., Ltd. from Hundsun Technologies Inc. (SHSE:600570) for CNY 62.6 million. Hydsoft Technology Co.,Ltd. (SZSE:301316) agreed to acquire 51% stake in Jinrui Software Technology (Hangzhou) Co., Ltd. from Hundsun Technologies Inc. (SHSE:600570) for CNY 62.6 million on October 16, 2024. A cash consideration of CNY 62.6 million will be paid by Hydsoft Technology Co.,Ltd. As part of consideration, CNY 62.6 million is paid towards common equity of Jinrui Software Technology (Hangzhou) Co., Ltd. For the period ending December 31, 2023, Jinrui Software Technology (Hangzhou) Co., Ltd. reported net income of CNY 8.4 million. As of December 31, 2023, Jinrui Software Technology (Hangzhou) Co., Ltd. reported total assets of CNY 148.06 million and total common equity of CNY 127.56 million. Annonce • Sep 30
Hundsun Technologies Inc. to Report Q3, 2024 Results on Oct 31, 2024 Hundsun Technologies Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥20.79, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 31x in the Software industry in China. Total loss to shareholders of 52% over the past three years. Price Target Changed • Aug 28
Price target decreased by 18% to CN¥22.45 Down from CN¥27.45, the current price target is an average from 11 analysts. New target price is 44% above last closing price of CN¥15.55. Stock is down 57% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.75 last year. Major Estimate Revision • Aug 27
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.91b to CN¥7.65b. EPS estimate also fell from CN¥0.87 per share to CN¥0.736 per share. Net income forecast to grow 59% next year vs 52% growth forecast for Software industry in China. Consensus price target down from CN¥25.05 to CN¥23.51. Share price fell 4.1% to CN¥15.34 over the past week. New Risk • Aug 26
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: 14% Last year net profit margin: 24% 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: Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Annonce • Aug 22
Hundsun Technologies Inc. (SHSE:600570) Completed the acquisition of 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan. Hundsun Technologies Inc. (SHSE:600570) agreed to acquire 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan for CNY 180 million on July 22, 2024. A cash consideration valued at CNY 4.8 per share will be paid by Hundsun Technologies Inc.
Hundsun Technologies Inc. (SHSE:600570) Completed the acquisition of 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan on August 20, 2024. Annonce • Jul 24
Hundsun Technologies to Buy 5% Stake in Shenzhen Ysstech Hundsun Technologies Inc. (SHSE:600570) said it plans to buy 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) for CNY 180.3 million ($24.79 million). Annonce • Jul 23
Hundsun Technologies Inc. (SHSE:600570) agreed to acquire 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan for CNY 180 million. Hundsun Technologies Inc. (SHSE:600570) agreed to acquire 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan for CNY 180 million on July 22, 2024. A cash consideration valued at CNY 4.8 per share will be paid by Hundsun Technologies Inc. Annonce • Jun 28
Hundsun Technologies Inc. to Report First Half, 2024 Results on Aug 24, 2024 Hundsun Technologies Inc. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 06
Dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 11th June 2024 Payment date: 11th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.12 profit in 1Q 2023) First quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.12 profit in 1Q 2023). Revenue: CN¥1.19b (up 5.1% from 1Q 2023). Net loss: CN¥36.1m (down 116% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Apr 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Apr 02
Price target decreased by 10% to CN¥33.68 Down from CN¥37.45, the current price target is an average from 12 analysts. New target price is 47% above last closing price of CN¥22.92. Stock is down 60% over the past year. The company is forecast to post earnings per share of CN¥0.92 for next year compared to CN¥0.75 last year. Major Estimate Revision • Mar 31
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥8.93b to CN¥8.09b. EPS estimate also fell from CN¥1.08 per share to CN¥0.917 per share. Net income forecast to grow 22% next year vs 76% growth forecast for Software industry in China. Consensus price target down from CN¥37.45 to CN¥35.40. Share price fell 9.3% to CN¥22.56 over the past week. Annonce • Mar 29
Hundsun Technologies Inc. to Report Q1, 2024 Results on Apr 30, 2024 Hundsun Technologies Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Mar 25
Hundsun Technologies Inc., Annual General Meeting, Apr 15, 2024 Hundsun Technologies Inc., Annual General Meeting, Apr 15, 2024, at 14:00 China Standard Time. Location: No. 1888, Binxing Road, Binjiang District, Hangzhou, Zhejiang China Reported Earnings • Mar 25
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: CN¥0.75 (up from CN¥0.57 in FY 2022). Revenue: CN¥7.28b (up 12% from FY 2022). Net income: CN¥1.42b (up 31% from FY 2022). Profit margin: 20% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 4% 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 • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥20.05, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 63% over the past three years. Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.921 to CN¥0.71 per share. Revenue forecast steady at CN¥7.73b. Net income forecast to grow 13% next year vs 89% growth forecast for Software industry in China. Consensus price target down from CN¥47.19 to CN¥43.36. Share price fell 8.1% to CN¥21.97 over the past week. Price Target Changed • Jan 29
Price target decreased by 9.4% to CN¥43.53 Down from CN¥48.03, the current price target is an average from 12 analysts. New target price is 92% above last closing price of CN¥22.71. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.57 last year. Annonce • Dec 29
Hundsun Technologies Inc. to Report Fiscal Year 2023 Results on Mar 25, 2024 Hundsun Technologies Inc. announced that they will report fiscal year 2023 results on Mar 25, 2024 Price Target Changed • Dec 21
Price target decreased by 8.5% to CN¥50.94 Down from CN¥55.67, the current price target is an average from 12 analysts. New target price is 82% above last closing price of CN¥28.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.93 for next year compared to CN¥0.57 last year. Reported Earnings • Oct 28
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.085. Revenue: CN¥1.54b (up 14% from 3Q 2022). Net income: CN¥160.4m (up 50% from 3Q 2022). Profit margin: 10% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annonce • Sep 30
Hundsun Technologies Inc. to Report Q3, 2023 Results on Oct 28, 2023 Hundsun Technologies Inc. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Annonce • Sep 19
Hundsun Technologies Inc. (SHSE:600570) announces an Equity Buyback for CNY 150 million worth of its shares. Hundsun Technologies Inc. (SHSE:600570) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The program will be valid for a period of 6 months. New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.027 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.027 loss in 2Q 2022). Revenue: CN¥1.70b (up 20% from 2Q 2022). Net income: CN¥224.3m (up CN¥278.8m from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be CN¥45.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥37.22, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 45x in the Software industry in China. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.76 per share. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥50.81, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 50x in the Software industry in China. Total loss to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.18 per share. Reported Earnings • Apr 29
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.023 loss in 1Q 2022). Revenue: CN¥1.13b (up 16% from 1Q 2022). Net income: CN¥222.1m (up CN¥263.4m from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Price Target Changed • Apr 07
Price target increased by 7.3% to CN¥60.93 Up from CN¥56.77, the current price target is an average from 11 analysts. New target price is 15% above last closing price of CN¥53.20. Stock is up 67% over the past year. Major Estimate Revision • Feb 04
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥6.74b to CN¥6.51b. EPS estimate also fell from CN¥0.674 per share to CN¥0.573 per share. Net income forecast to grow 105% next year vs 80% growth forecast for Software industry in China. Consensus price target up from CN¥51.58 to CN¥54.61. Share price rose 3.5% to CN¥47.84 over the past week. Price Target Changed • Jan 31
Price target increased by 8.5% to CN¥53.39 Up from CN¥49.20, the current price target is an average from 11 analysts. New target price is 13% above last closing price of CN¥47.22. Stock is up 4.8% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.77 last year. 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. 3 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Xiaolun Liu was the last independent 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: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Nov 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.67 to CN¥0.51 per share. Revenue forecast steady at CN¥6.78b. Net income forecast to grow 102% next year vs 82% growth forecast for Software industry in China. Consensus price target up from CN¥46.70 to CN¥48.64. Share price rose 23% to CN¥41.92 over the past week. Reported Earnings • Oct 27
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: CN¥1.35b (up 26% from 3Q 2021). Net income: CN¥107.3m (up CN¥138.5m from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥6.87b to CN¥6.75b. EPS estimate also fell from CN¥0.79 per share to CN¥0.60 per share. Net income forecast to grow 127% next year vs 62% growth forecast for Software industry in China. Consensus price target down from CN¥46.96 to CN¥45.73. Share price rose 13% to CN¥34.50 over the past week. Reported Earnings • Aug 29
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: CN¥0.027 loss per share (down from CN¥0.28 profit in 2Q 2021). Revenue: CN¥1.41b (up 8.6% from 2Q 2021). Net loss: CN¥54.5m (down 110% from profit in 2Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 31%, compared to a 33% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Major Estimate Revision • Aug 27
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥6.87b to CN¥6.66b. EPS estimate also fell from CN¥0.79 per share to CN¥0.53 per share. Net income forecast to grow 121% next year vs 58% growth forecast for Software industry in China. Consensus price target up from CN¥46.42 to CN¥47.52. Share price rose 3.9% to CN¥32.44 over the past week. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥40.10, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Software 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¥36.92 per share. Price Target Changed • Apr 29
Price target decreased to CN¥67.18 Down from CN¥72.66, the current price target is an average from 18 analysts. New target price is 76% above last closing price of CN¥38.08. Stock is down 42% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥1.01 last year. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: CN¥0.03 loss per share (down from CN¥0.11 profit in 1Q 2021). Revenue: CN¥973.4m (up 30% from 1Q 2021). Net loss: CN¥41.3m (down 125% from profit in 1Q 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
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. 11 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Xiaolun Liu was the last independent 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: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Apr 07
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥6.55b to CN¥6.95b. EPS estimate fell from CN¥1.27 to CN¥1.12 per share. Net income forecast to grow 15% next year vs 44% growth forecast for Software industry in China. Consensus price target down from CN¥80.58 to CN¥75.44. Share price fell 5.4% to CN¥42.05 over the past week.