Annonce • Mar 31
COSCO SHIPPING Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 COSCO SHIPPING Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: CN¥0.088 (vs CN¥0.34 in FY 2024) Full year 2025 results: EPS: CN¥0.088 (down from CN¥0.34 in FY 2024). Revenue: CN¥1.81b (flat on FY 2024). Net income: CN¥32.5m (down 75% from FY 2024). Profit margin: 1.8% (down from 7.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annonce • Mar 28
COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Apr 17, 2026 COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Apr 17, 2026, at 14:30 China Standard Time. Location: 1F, Building 22, No. 738, Shenjialong Road, Pudong New Area, Shanghai China Annonce • Dec 31
COSCO SHIPPING Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 COSCO SHIPPING Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.009 (vs CN¥0.081 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.009 (down from CN¥0.081 in 3Q 2024). Revenue: CN¥409.5m (up 10.0% from 3Q 2024). Net income: CN¥3.44m (down 89% from 3Q 2024). Profit margin: 0.8% (down from 8.1% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Sep 30
COSCO SHIPPING Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 COSCO SHIPPING Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Jul 17
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 7.1% 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 2.5% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Annonce • Jul 02
COSCO SHIPPING Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 COSCO SHIPPING Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Annonce • Jun 09
COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Jun 30, 2025 COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Jun 30, 2025, at 14:00 China Standard Time. Location: 1F, Building 22, Lane 738, Shenjialong Road, Pudong New Area, Shanghai China New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 2.5% 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 Earnings have declined by 2.5% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (4.4% net profit margin). Board Change • May 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Supervisor Yiming Yang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 2.5% 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 Earnings have declined by 2.5% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (167% cash payout ratio). Profit margins are more than 30% lower than last year (4.4% net profit margin). 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 8.0% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin). Annonce • Apr 01
COSCO SHIPPING Technology Co., Ltd. Proposes Final Cash Distribution for 2024 COSCO SHIPPING Technology Co., Ltd. announced on 31 March 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.30000000. Annonce • Mar 31
COSCO SHIPPING Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 COSCO SHIPPING Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.51 in FY 2023) Full year 2024 results: EPS: CN¥0.34 (down from CN¥0.51 in FY 2023). Revenue: CN¥1.80b (up 1.2% from FY 2023). Net income: CN¥127.6m (down 32% from FY 2023). Profit margin: 7.1% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥16.72, the stock trades at a trailing P/E ratio of 42.7x. Average trailing P/E is 81x in the IT industry in China. Total returns to shareholders of 90% over the past three years. Annonce • Dec 31
COSCO SHIPPING Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 COSCO SHIPPING Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.20 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.081 (down from CN¥0.20 in 3Q 2023). Revenue: CN¥372.4m (down 22% from 3Q 2023). Net income: CN¥30.2m (down 59% from 3Q 2023). Profit margin: 8.1% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 30
COSCO SHIPPING Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 COSCO SHIPPING Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥17.42, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 59x in the IT industry in China. Total returns to shareholders of 97% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.16 in 2Q 2023). Revenue: CN¥444.8m (flat on 2Q 2023). Net income: CN¥56.6m (down 3.7% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 10% per year. Annonce • Jun 29
COSCO SHIPPING Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 COSCO SHIPPING Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Annonce • May 29
COSCO SHIPPING Technology Co., Ltd. Announces Final Cash Dividend on A Shares for 2023, Payable on 31 May 2024 COSCO SHIPPING Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 1.80000000. Record date is 30 May 2024. Ex-date is 31 May 2024. Payment date is 31 May 2024. Board Change • May 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Yuhang Dong was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 05
Cosco Shipping Technology Co., Ltd. Proposes Final Dividend for the Year 2023 COSCO SHIPPING Technology Co., Ltd. announced on 03 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY1.80000000. Annonce • Apr 03
COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Apr 24, 2024 COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Apr 24, 2024, at 14:00 China Standard Time. Location: 8F, Building 5, No. 600, Minsheng Road, Pudong New Area, Shanghai China Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.49 in FY 2022) Full year 2023 results: EPS: CN¥0.51 (up from CN¥0.49 in FY 2022). Revenue: CN¥1.78b (up 1.4% from FY 2022). Net income: CN¥188.8m (up 3.8% from FY 2022). Profit margin: 11% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 30
COSCO SHIPPING Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 COSCO SHIPPING Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.78, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 55x in the IT industry in China. Total returns to shareholders of 94% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥18.04, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 53x in the IT industry in China. Total returns to shareholders of 78% over the past three years. New Risk • Jan 24
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 6.4% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Annonce • Dec 30
COSCO SHIPPING Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 COSCO SHIPPING Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥474.3m (flat on 3Q 2022). Net income: CN¥72.7m (up 30% from 3Q 2022). Profit margin: 15% (up from 12% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥442.5m (flat on 2Q 2022). Net income: CN¥58.8m (up 4.6% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥23.51, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 58x in the IT industry in China. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥29.95, the stock trades at a trailing P/E ratio of 60x. Average trailing P/E is 65x in the IT industry in China. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥26.95, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 60x in the IT industry in China. Total returns to shareholders of 125% over the past three years. Annonce • May 30
COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Jun 16, 2023 COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Jun 16, 2023, at 14:00 China Standard Time. Agenda: To consider the 2022 work report of the board of directors; to consider the; to consider the 2022 work report of the supervisory committee; to consider the 2022 annual report and its summary; to consider the 2022 annual accounts and 2023 financial budget report; to consider the 2022 profit distribution plan; to consider the Confirmation of 2022 continuing connected transactions and 2023 estimated continuing connected transactions; to consider the Appointment of 2023 audit firm; and to discuss other matters. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥22.81, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 58x in the IT industry in China. Total returns to shareholders of 105% over the past three years. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.14 in 1Q 2022). Revenue: CN¥420.5m (up 3.1% from 1Q 2022). Net income: CN¥53.5m (up 7.8% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥21.61, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 57x in the IT industry in China. Total returns to shareholders of 103% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥26.86, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 63x in the IT industry in China. Total returns to shareholders of 144% over the past three years. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥21.13, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 61x in the IT industry in China. Total returns to shareholders of 115% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.94, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 58x in the IT industry in China. Total returns to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥19.20, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 54x in the IT industry in China. Total returns to shareholders of 126% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.15, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 47x in the IT industry in China. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥13.31, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 46x in the IT industry in China. Total returns to shareholders of 43% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zhiyun Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥10.96, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 48x in the IT industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.11 in 3Q 2021). Revenue: CN¥477.0m (up 17% from 3Q 2021). Net income: CN¥55.9m (up 35% from 3Q 2021). Profit margin: 12% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥439.4m (up 5.6% from 2Q 2021). Net income: CN¥56.2m (up 18% from 2Q 2021). Profit margin: 13% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annonce • Jul 06
Cosco Shipping Technology Co., Ltd. Announces Final Dividend on Share A for 2021, Payable on July 11, 2022 COSCO SHIPPING Technology Co., Ltd. announced Cash dividend/10 shares (tax included): CNY1.20000000 on share A for 2021. Record date: 08 July 2022, Ex-date: 11 July 2022 and Payable on July 11, 2022. Annonce • Jul 01
Cosco Shipping Technology Co., Ltd. Announces Cash Dividend COSCO SHIPPING Technology Co., Ltd. announced that at meeting the company has approved Cash dividend/10 shares (tax included) is CNY 1.20000000. Annonce • Jun 09
COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Jun 28, 2022 COSCO SHIPPING Technology Co., Ltd., Annual General Meeting, Jun 28, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider connected transaction regarding renewal of the entrusted management agreement; to consider confirmation of 2021 continuing connected transactions and 2022 estimated continuing connected transactions; to consider 2021 annual accounts and 2022 financial budget report; to consider appointment of 2022 audit firm; to consider adjustment of allowance for independent directors; to consider repurchase and cancellation of restricted stocks granted to some incentive targets; to consider repurchase and cancellation of restricted stocks granted to an incentive target; and to consider other matters. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.37, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 40x in the IT industry in China. Total returns to shareholders of 8.6% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.12 in 1Q 2021). Revenue: CN¥408.0m (up 6.0% from 1Q 2021). Net income: CN¥49.6m (up 19% from 1Q 2021). Profit margin: 12% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Insufficient new directors 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. No highly experienced directors. GM & Director Qun Zhou was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.43 (down from CN¥0.53 in FY 2020). Revenue: CN¥1.71b (up 12% from FY 2020). Net income: CN¥156.8m (down 19% from FY 2020). Profit margin: 9.2% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.083 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥406.2m (down 4.3% from 3Q 2020). Net income: CN¥41.5m (up 37% from 3Q 2020). Profit margin: 10% (up from 7.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.13 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥416.0m (up 23% from 2Q 2020). Net income: CN¥47.7m (up 1.1% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.92, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 43x in the IT industry in China. Total returns to shareholders of 2.2% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.27 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥385.1m (up 55% from 1Q 2020). Net income: CN¥41.8m (down 49% from 1Q 2020). Profit margin: 11% (down from 33% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS CN¥0.64 (vs CN¥0.32 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.52b (up 26% from FY 2019). Net income: CN¥192.8m (up 100% from FY 2019). Profit margin: 13% (up from 8.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Feb 24
COSCO SHIPPING Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 COSCO SHIPPING Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥13.30, the stock is trading at a trailing P/E ratio of 22.1x, down from the previous P/E ratio of 26x. This compares to an average P/E of 58x in the IT industry in China. Total returns to shareholders over the past three years are 13%. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥14.27, the stock is trading at a trailing P/E ratio of 23.7x, up from the previous P/E ratio of 19.1x. This compares to an average P/E of 61x in the IT industry in China. Total returns to shareholders over the past three years are 16%. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥11.57 The company is down 18% from its price of CN¥14.16 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 22% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥13.10 The company is down 7.0% from its price of CN¥14.09 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 15% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥13.86 The company is down 15% from its price of CN¥16.39 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 6.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥183.1m, up 112% from the prior year. Total revenue was CN¥1.41b over the last 12 months, up 32% from the prior year. Annonce • Oct 20
COSCO SHIPPING Technology Co., Ltd. to Report Q3, 2020 Results on Oct 28, 2020 COSCO SHIPPING Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020