New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 5.1% 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 (13% average weekly change). Earnings have declined by 5.1% per year over the past 5 years. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥1.18 loss per share (vs CN¥1.63 loss in FY 2024) Full year 2025 results: CN¥1.18 loss per share (improved from CN¥1.63 loss in FY 2024). Revenue: CN¥1.34b (up 46% from FY 2024). Net loss: CN¥422.2m (loss narrowed 27% from FY 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥88.45, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 89x in the Software industry in China. Total returns to shareholders of 18% over the past three years. Annonce • Mar 30
Shenzhen Intellifusion Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥75.81, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 84x in the Software industry in China. Total returns to shareholders of 25% over the past year. Reported Earnings • Mar 01
Full year 2025 earnings released: CN¥1.13 loss per share (vs CN¥1.63 loss in FY 2024) Full year 2025 results: CN¥1.13 loss per share (improved from CN¥1.63 loss in FY 2024). Revenue: CN¥1.31b (up 43% from FY 2024). Net income: CN¥402.4m (up CN¥981.5m from FY 2024). Profit margin: 31% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. New Risk • Feb 02
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 Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥63m net loss next year). Share price has been volatile over the past 3 months (7.6% average weekly change). New Risk • Jan 22
New major risk - Revenue and earnings growth Earnings have declined by 6.4% 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 Risk Earnings have declined by 6.4% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CN¥63m net loss next year). Annonce • Dec 26
Shenzhen Intellifusion Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.26 loss per share (vs CN¥0.33 loss in 3Q 2024) Third quarter 2025 results: CN¥0.26 loss per share (improved from CN¥0.33 loss in 3Q 2024). Revenue: CN¥305.0m (up 58% from 3Q 2024). Net loss: CN¥92.0m (loss narrowed 20% from 3Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Annonce • Sep 30
Shenzhen Intellifusion Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Aug 22
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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (CN¥187m net loss next year). Share price has been volatile over the past 3 months (8.0% average weekly change). Annonce • Jun 30
Shenzhen Intellifusion Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Annonce • Jun 03
Shenzhen Intellifusion Technologies Co., Ltd., Annual General Meeting, Jun 24, 2025 Shenzhen Intellifusion Technologies Co., Ltd., Annual General Meeting, Jun 24, 2025, at 14:00 China Standard Time. Location: 3F, Tower A, Building 10, Shenzhen Bay Science and Technology Ecological Park, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong China Reported Earnings • Apr 28
First quarter 2025 earnings released: CN¥0.24 loss per share (vs CN¥0.39 loss in 1Q 2024) First quarter 2025 results: CN¥0.24 loss per share (improved from CN¥0.39 loss in 1Q 2024). Revenue: CN¥264.1m (up 168% from 1Q 2024). Net loss: CN¥85.6m (loss narrowed 38% from 1Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 7.7% 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 (15% average weekly change). Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CN¥2.2b). Currently unprofitable and not forecast to become profitable next year (CN¥187m net loss next year). Annonce • Mar 28
Shenzhen Intellifusion Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Mar 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥2.2b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥2.2b free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). New Risk • Mar 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥2.2b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥2.2b free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Reported Earnings • Mar 02
Full year 2024 earnings: Revenues exceed analyst expectations Full year 2024 results: Revenue: CN¥918.0m (up 81% from FY 2023). Net loss: CN¥573.3m (loss widened 50% from FY 2023). Revenue exceeded analyst estimates by 2.9%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Annonce • Dec 27
Shenzhen Intellifusion Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Major Estimate Revision • Dec 25
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -CN¥1.13 to -CN¥1.37 per share. Revenue forecast of CN¥939.0m unchanged since last update. Software industry in China expected to see average net income growth of 63% next year. Consensus price target up from CN¥61.00 to CN¥87.00. Share price rose 3.1% to CN¥53.30 over the past week. Breakeven Date Change • Dec 24
Forecast to breakeven in 2026 The analyst covering Shenzhen Intellifusion Technologies expects the company to break even for the first time. New forecast suggests losses will reduce by 17% per year to 2025. The company is expected to make a profit of CN¥35.0m in 2026. Average annual earnings growth of 76% is required to achieve expected profit on schedule. Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.33 loss per share (vs CN¥0.25 loss in 3Q 2023) Third quarter 2024 results: CN¥0.33 loss per share (further deteriorated from CN¥0.25 loss in 3Q 2023). Revenue: CN¥193.5m (up 140% from 3Q 2023). Net loss: CN¥115.6m (loss widened 32% from 3Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Annonce • Sep 30
Shenzhen Intellifusion Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.48 loss per share (vs CN¥0.34 loss in 2Q 2023) Second quarter 2024 results: CN¥0.48 loss per share (further deteriorated from CN¥0.34 loss in 2Q 2023). Revenue: CN¥191.0m (up 109% from 2Q 2023). Net loss: CN¥171.9m (loss widened 43% from 2Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Annonce • Jun 28
Shenzhen Intellifusion Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.39 loss per share (vs CN¥0.34 loss in 1Q 2023) First quarter 2024 results: CN¥0.39 loss per share (further deteriorated from CN¥0.34 loss in 1Q 2023). Revenue: CN¥98.4m (up 79% from 1Q 2023). Net loss: CN¥137.8m (loss widened 53% from 1Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Annonce • Apr 27
Shenzhen Intellifusion Technologies Co., Ltd., Annual General Meeting, May 24, 2024 Shenzhen Intellifusion Technologies Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: 3F, Tower A, Building 10, Shenzhen Bay Science and Technology Ecological Park, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong China New Risk • Apr 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 10% 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 Currently unprofitable and not forecast to become profitable over next 3 years (CN¥184m net loss in 3 years). Share price has been volatile over the past 3 months (10% average weekly change). Annonce • Mar 30
Shenzhen Intellifusion Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Intellifusion Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: CN¥1.17 loss per share (vs CN¥1.68 loss in FY 2022) Full year 2023 results: CN¥1.17 loss per share (improved from CN¥1.68 loss in FY 2022). Revenue: CN¥534.6m (down 2.1% from FY 2022). Net loss: CN¥390.2m (loss narrowed 13% from FY 2022). Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.25 loss per share (vs CN¥0.41 loss in 3Q 2022) Third quarter 2023 results: CN¥0.25 loss per share (improved from CN¥0.41 loss in 3Q 2022). Revenue: CN¥80.6m (down 55% from 3Q 2022). Net loss: CN¥87.8m (loss narrowed 19% from 3Q 2022). Reported Earnings • Aug 31
Second quarter 2023 earnings released Second quarter 2023 results: CN¥0.34 loss per share. Net loss: CN¥120.3m (flat on 2Q 2022). 
