Major Estimate Revision • Apr 21
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥2.18b to CN¥2.40b. EPS estimate increased from CN¥0.19 to CN¥0.257 per share. Net income forecast to grow 913% next year vs 61% growth forecast for IT industry in China. Consensus price target down from CN¥15.83 to CN¥14.00. Share price fell 3.3% to CN¥13.45 over the past week. Price Target Changed • Apr 18
Price target decreased by 12% to CN¥14.00 Down from CN¥15.83, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥13.82. Stock is up 10% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.025 last year. Board Change • Apr 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Non-Independent Director Yinghui Xiao was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.025 (up from CN¥0.024 in FY 2024). Revenue: CN¥1.96b (up 13% from FY 2024). Net income: CN¥20.6m (up 11% from FY 2024). Profit margin: 1.1% (in line with FY 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Apr 15
Shenzhen Sunline Tech Co., Ltd., Annual General Meeting, May 08, 2026 Shenzhen Sunline Tech Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Annonce • Mar 31
Shenzhen Sunline Tech Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shenzhen Sunline Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Annonce • Dec 31
Shenzhen Sunline Tech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 Shenzhen Sunline Tech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.01 (vs CN¥0.003 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.01 (up from CN¥0.003 in 3Q 2024). Revenue: CN¥424.6m (up 28% from 3Q 2024). Net income: CN¥7.71m (up 260% from 3Q 2024). Profit margin: 1.8% (up from 0.6% in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Sep 30
Shenzhen Sunline Tech Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Shenzhen Sunline Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 16
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: CN¥0.02 loss per share (down from CN¥0.008 profit in 2Q 2024). Revenue: CN¥367.1m (down 12% from 2Q 2024). Net loss: CN¥16.5m (down 394% from profit in 2Q 2024). Revenue missed analyst estimates by 34%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 08
Price target increased by 12% to CN¥13.00 Up from CN¥11.65, the current price target is an average from 4 analysts. New target price is 21% below last closing price of CN¥16.51. Stock is up 130% over the past year. The company is forecast to post earnings per share of CN¥0.17 for next year compared to CN¥0.024 last year. Annonce • Jul 02
Shenzhen Sunline Tech Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Shenzhen Sunline Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 New Risk • Jun 27
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 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Buy Or Sell Opportunity • Jun 26
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to CN¥17.97. The fair value is estimated to be CN¥13.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 61%. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 1,019% in the next 2 years. Annonce • May 13
Shenzhen Sunline Tech Co., Ltd. Approves Cash Dividend for the Year 2024 Shenzhen Sunline Tech Co., Ltd. at the AGM held on 09 May 2025, approved cash dividend (tax included) for the year 2024 of CNY 0.07000000 per 10 shares. Major Estimate Revision • Apr 24
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.47b to CN¥2.00b. EPS estimate fell from CN¥0.165 to CN¥0.13 per share. Net income forecast to grow 480% next year vs 63% growth forecast for IT industry in China. Consensus price target down from CN¥13.38 to CN¥12.30. Share price rose 4.1% to CN¥12.83 over the past week. New Risk • Apr 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Annonce • Apr 19
Shenzhen Sunline Tech Co., Ltd. Proposes Final Cash Dividend for 2024 Shenzhen Sunline Tech Co., Ltd. announced on 18 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend (tax included) of CNY 0.07000000 per 10 shares. Annonce • Apr 18
Shenzhen Sunline Tech Co., Ltd., Annual General Meeting, May 09, 2025 Shenzhen Sunline Tech Co., Ltd., Annual General Meeting, May 09, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Annonce • Mar 31
Shenzhen Sunline Tech Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen Sunline Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Mar 17
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 10% 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. This is currently the only risk that has been identified for the company. Annonce • Dec 31
Shenzhen Sunline Tech Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Shenzhen Sunline Tech Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Price Target Changed • Nov 30
Price target increased by 12% to CN¥13.38 Up from CN¥11.95, the current price target is an average from 4 analysts. New target price is 21% below last closing price of CN¥16.92. Stock is up 56% over the past year. The company is forecast to post earnings per share of CN¥0.18 for next year compared to CN¥0.045 last year. Buy Or Sell Opportunity • Nov 05
Now 31% overvalued after recent price rise Over the last 90 days, the stock has risen 136% to CN¥17.38. The fair value is estimated to be CN¥13.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has declined by 73%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 45% per annum over the same time period. Price Target Changed • Oct 28
Price target increased by 22% to CN¥10.79 Up from CN¥8.82, the current price target is an average from 6 analysts. New target price is 38% below last closing price of CN¥17.52. Stock is up 72% over the past year. The company is forecast to post earnings per share of CN¥0.13 for next year compared to CN¥0.045 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.017 in 3Q 2023). Revenue: CN¥331.2m (down 23% from 3Q 2023). Net income: CN¥2.14m (down 82% from 3Q 2023). Profit margin: 0.6% (down from 2.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 42%. Earnings per share (EPS) also missed analyst estimates by 86%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 16
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 111% to CN¥16.90. The fair value is estimated to be CN¥13.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has declined by 80%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 37% per annum over the same time period. New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Shareholders have been diluted in the past year (10% increase in shares outstanding). Annonce • Sep 30
Shenzhen Sunline Tech Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen Sunline Tech Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Major Estimate Revision • Sep 02
Consensus EPS estimates increase by 76% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.21b to CN¥2.29b. EPS estimate increased from CN¥0.164 to CN¥0.288 per share. Net income forecast to grow 324% next year vs 56% growth forecast for IT industry in China. Consensus price target down from CN¥9.18 to CN¥8.90. Share price rose 2.6% to CN¥7.38 over the past week. Reported Earnings • Aug 27
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.008 (up from CN¥0.006 loss in 2Q 2023). Revenue: CN¥415.6m (down 8.3% from 2Q 2023). Net income: CN¥5.63m (up CN¥9.82m from 2Q 2023). Profit margin: 1.4% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 89%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 17
Price target decreased by 8.4% to CN¥9.18 Down from CN¥10.03, the current price target is an average from 5 analysts. New target price is 30% above last closing price of CN¥7.04. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥0.16 for next year compared to CN¥0.045 last year. New Risk • Aug 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Shareholders have been diluted in the past year (10% increase in shares outstanding). Annonce • Jun 29
Shenzhen Sunline Tech Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shenzhen Sunline Tech Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CN¥0.005 loss per share (improved from CN¥0.008 loss in 1Q 2023). Revenue: CN¥288.7m (down 2.5% from 1Q 2023). Net loss: CN¥3.79m (loss narrowed 34% from 1Q 2023). Revenue missed analyst estimates by 64%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Apr 23
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.69b to CN¥2.22b. EPS estimate fell from CN¥0.272 to CN¥0.248 per share. Net income forecast to grow 477% next year vs 51% growth forecast for IT industry in China. Consensus price target down from CN¥11.54 to CN¥10.37. Share price rose 11% to CN¥7.35 over the past week. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.045 (up from CN¥0.031 in FY 2022). Revenue: CN¥1.92b (up 1.6% from FY 2022). Net income: CN¥32.1m (up 43% from FY 2022). Profit margin: 1.7% (up from 1.2% in FY 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 72%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Annonce • Apr 17
Shenzhen Sunline Tech Co., Ltd., Annual General Meeting, May 07, 2024 Shenzhen Sunline Tech Co., Ltd., Annual General Meeting, May 07, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Price Target Changed • Apr 17
Price target decreased by 11% to CN¥10.78 Down from CN¥12.15, the current price target is an average from 6 analysts. New target price is 50% above last closing price of CN¥7.18. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.16 for next year compared to CN¥0.031 last year. Annonce • Mar 30
Shenzhen Sunline Tech Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Sunline Tech Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Buy Or Sell Opportunity • Jan 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥8.20. The fair value is estimated to be CN¥10.55, 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. Earnings per share has declined by 64%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 36% per annum over the same time period. Annonce • Dec 30
Shenzhen Sunline Tech Co., Ltd. to Report Fiscal Year 2023 Results on Apr 17, 2024 Shenzhen Sunline Tech Co., Ltd. announced that they will report fiscal year 2023 results on Apr 17, 2024 Buying Opportunity • Dec 05
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥13.19, 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. Earnings per share has declined by 64%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 45% per annum over the same time period. Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.17 to CN¥0.145 per share. Revenue forecast steady at CN¥2.29b. Net income forecast to grow 957% next year vs 57% growth forecast for IT industry in China. Consensus price target down from CN¥12.15 to CN¥11.36. Share price rose 8.3% to CN¥10.08 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.017 (up from CN¥0.001 loss in 3Q 2022). Revenue: CN¥428.2m (up 14% from 3Q 2022). Net income: CN¥11.6m (up CN¥12.3m from 3Q 2022). Profit margin: 2.7% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 25
Price target decreased by 9.3% to CN¥11.49 Down from CN¥12.67, the current price target is an average from 5 analysts. New target price is 15% above last closing price of CN¥10.03. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.17 for next year compared to CN¥0.031 last year. Annonce • Sep 30
Shenzhen Sunline Tech Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Shenzhen Sunline Tech Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.35b to CN¥2.20b. EPS estimate also fell from CN¥0.201 per share to CN¥0.163 per share. Net income forecast to grow 3,397% next year vs 53% growth forecast for IT industry in China. Consensus price target down from CN¥12.67 to CN¥12.15. Share price was steady at CN¥10.51 over the past week. Buying Opportunity • Aug 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be CN¥13.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 49%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 43% per annum over the same time period. Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.023 profit in 2Q 2022) Second quarter 2023 results: CN¥0.006 loss per share (down from CN¥0.023 profit in 2Q 2022). Revenue: CN¥453.1m (up 12% from 2Q 2022). Net loss: CN¥4.20m (down 125% from profit in 2Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 04
Price target decreased by 7.7% to CN¥12.67 Down from CN¥13.73, the current price target is an average from 4 analysts. New target price is 19% above last closing price of CN¥10.68. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥0.17 for next year compared to CN¥0.031 last year. Major Estimate Revision • Jul 01
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥2.26b to CN¥2.29b. EPS estimate increased from CN¥0.15 to CN¥0.174 per share. Net income forecast to grow 543% next year vs 39% growth forecast for IT industry in China. Consensus price target down from CN¥13.73 to CN¥12.91. Share price fell 11% to CN¥10.44 over the past week. Annonce • Jul 01
Shenzhen Sunline Tech Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 6, 2023 Shenzhen Sunline Tech Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.06000000 on A shares for the year 2022. Record date is July 5, 2023. Ex-date is July 6, 2023. Payment date is July 6, 2023. Reported Earnings • Apr 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.031 (down from CN¥0.18 in FY 2021). Revenue: CN¥1.89b (up 20% from FY 2021). Net income: CN¥22.4m (down 82% from FY 2021). Profit margin: 1.2% (down from 8.0% in FY 2021). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 81%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Feb 06
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.04b to CN¥1.98b. EPS estimate also fell from CN¥0.178 per share to CN¥0.115 per share. Net income forecast to grow 92% next year vs 45% growth forecast for IT industry in China. Consensus price target broadly unchanged at CN¥14.18. Share price rose 13% to CN¥12.66 over the past week. Annonce • Dec 14
Shenzhen Sunline Tech Co., Ltd. Approves Board Elections Shenzhen Sunline Tech Co., Ltd. at its EGM held on December 12, 2022 approved election of Zhao Yifang and Zhang Sutong as independent directors and Xiong Lin as shareholder supervisor. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Xijun Zhao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.014 profit in 3Q 2021) Third quarter 2022 results: CN¥0.001 loss per share (down from CN¥0.014 profit in 3Q 2021). Revenue: CN¥374.4m (up 31% from 3Q 2021). Net loss: CN¥760.1k (down 107% from profit in 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Major Estimate Revision • Oct 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.27 to CN¥0.23 per share. Revenue forecast steady at CN¥2.09b. Net income forecast to grow 90% next year vs 56% growth forecast for IT industry in China. Consensus price target of CN¥14.07 unchanged from last update. Share price rose 2.3% to CN¥12.78 over the past week. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.98, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 22x in the IT industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.62 per share. Major Estimate Revision • Aug 11
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥2.15b to CN¥2.10b. EPS estimate rose from CN¥0.26 to CN¥0.29. Net income forecast to grow 97% next year vs 38% growth forecast for IT industry in China. Consensus price target broadly unchanged at CN¥14.85. Share price rose 20% to CN¥11.60 over the past week. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥11.60, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 25x in the IT 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¥6.55 per share. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CN¥0.023 (vs CN¥0.005 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.023 (up from CN¥0.005 loss in 2Q 2021). Revenue: CN¥405.1m (up 26% from 2Q 2021). Net income: CN¥16.6m (up CN¥20.1m from 2Q 2021). Profit margin: 4.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 38%, compared to a 24% growth forecast for the industry in China. 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 8% per year, which means it is significantly lagging earnings growth. Annonce • Jun 16
Shenzhen Sunline Tech Co., Ltd. Implements Final Profit Distribution Plan for 2021, Payable on June 22, 2022 Shenzhen Sunline Tech Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included) CNY 0.35000000. Record date is 21 June 2022, Ex-date is 22 June 2022, Payment date is 22 June 2022. Annonce • May 12
Shenzhen Sunline Tech Co., Ltd. Approves Cash Dividend for the Year 2021 Shenzhen Sunline Tech Co., Ltd. approved cash dividend of CNY 0.35000000 per 10 shares (tax included) for the year 2021. Price Target Changed • Apr 27
Price target decreased to CN¥17.12 Down from CN¥19.41, the current price target is an average from 8 analysts. New target price is 97% above last closing price of CN¥8.70. Stock is down 53% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.18 last year. Board Change • Apr 27
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. 5 non-independent directors. Independent Director Xijun Zhao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 26
Shenzhen Sunline Tech Co., Ltd. announced that it expects to receive CNY 300 million in funding Shenzhen Sunline Tech Co., Ltd. announced a private placement of 300,000,000 A shares at an issue price of CNY 1 per share for gross proceeds of CNY 300,000,000 on April 25, 2022. The transaction will include participation from not more than 35 investors. The transaction was approved by the board of directors of the company at its 17th meeting of the fourth directorate and is subject to shareholders and China Securities Regulatory Commission. The securities to be issued will have a hold period of 6 months from date of issuance. Major Estimate Revision • Apr 21
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.46b to CN¥2.13b. EPS estimate fell from CN¥0.49 to CN¥0.28 per share. Net income forecast to grow 60% next year vs 30% growth forecast for IT industry in China. Consensus price target down from CN¥19.41 to CN¥17.32. Share price was steady at CN¥11.11 over the past week. Price Target Changed • Apr 19
Price target decreased to CN¥17.32 Down from CN¥19.41, the current price target is an average from 8 analysts. New target price is 54% above last closing price of CN¥11.25. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥0.28 for next year compared to CN¥0.18 last year. Reported Earnings • Apr 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.18 (down from CN¥0.34 in FY 2020). Revenue: CN¥1.57b (up 1.4% from FY 2020). Net income: CN¥126.2m (down 47% from FY 2020). Profit margin: 8.0% (down from 15% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 48%. Over the next year, revenue is forecast to grow 54%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥11.22, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the IT industry in China. Total loss to shareholders of 5.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.79 per share. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥14.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the IT industry in China. Total returns to shareholders of 118% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.86 per share. Price Target Changed • Oct 29
Price target decreased to CN¥21.77 Down from CN¥24.54, the current price target is an average from 8 analysts. New target price is 73% above last closing price of CN¥12.56. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥0.42 for next year compared to CN¥0.34 last year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.014 (vs CN¥0.044 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥285.7m (up 2.7% from 3Q 2020). Net income: CN¥10.4m (down 67% from 3Q 2020). Profit margin: 3.6% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CN¥0.005 loss per share (vs CN¥0.031 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥322.6m (up 36% from 2Q 2020). Net loss: CN¥3.43m (down 114% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥17.31, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 25x in the IT industry in China. Total returns to shareholders of 47% over the past three years. Annonce • May 29
Shenzhen Sunline Tech Co., Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 04 June 2021 Shenzhen Sunline Tech Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.70000000, net cash dividend/10 shares after tax: CNY 0.63000000. For the dividend record date is 03 June 2021, ex-date is 04 June 2021 and payment date is 04 June 2021. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.20 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.55b (up 18% from FY 2019). Net income: CN¥236.8m (up 72% from FY 2019). Profit margin: 15% (up from 11% 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 36% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Annonce • Mar 09
Shenzhen Sunline Tech Co., Ltd. to Report Fiscal Year 2020 Results on Apr 17, 2021 Shenzhen Sunline Tech Co., Ltd. announced that they will report fiscal year 2020 results on Apr 17, 2021 Is New 90 Day High Low • Feb 05
New 90-day low: CN¥16.18 The company is down 26% from its price of CN¥21.74 on 06 November 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 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.64 per share. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥17.99 The company is down 30% from its price of CN¥25.69 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 28% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.71 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥20.02 The company is down 11% from its price of CN¥22.53 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.19 per share. Is New 90 Day High Low • Nov 20
New 90-day low: CN¥20.45 The company is down 3.0% from its price of CN¥20.98 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.39 per share.