Annonce • Jul 01
State Power Rixin Technology Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 State Power Rixin Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥39.70, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 40x in the Software industry in China. Total loss to shareholders of 6.9% over the past three years. Declared Dividend • May 14
Dividend of CN¥0.45 announced Shareholders will receive a dividend of CN¥0.45. Ex-date: 19th May 2026 Payment date: 19th May 2026 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 35% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 107% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 14
Price target increased by 20% to CN¥84.45 Up from CN¥70.25, the current price target is an average from 2 analysts. New target price is 22% above last closing price of CN¥69.33. Stock is up 40% over the past year. The company is forecast to post earnings per share of CN¥1.26 for next year compared to CN¥1.04 last year. Annonce • Apr 13
State Power Rixin Technology Co., Ltd., Annual General Meeting, May 07, 2026 State Power Rixin Technology Co., Ltd., Annual General Meeting, May 07, 2026, at 14:30 China Standard Time. Location: 1F, N6, No. 27, Jiancaicheng Middle Road, Xisanqi, Haidian District, Beijing China Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: CN¥1.04 (up from CN¥0.78 in FY 2024). Revenue: CN¥717.4m (up 31% from FY 2024). Net income: CN¥130.3m (up 39% from FY 2024). Profit margin: 18% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software 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 5% per year, which means it is significantly lagging earnings growth. Annonce • Mar 31
State Power Rixin Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 State Power Rixin Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Mar 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Haining Zhang was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥59.20, 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 2.7% over the past three years. Annonce • Dec 31
State Power Rixin Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 State Power Rixin Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 Price Target Changed • Nov 22
Price target increased by 7.9% to CN¥70.17 Up from CN¥65.02, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥53.95. Stock is up 70% over the past year. The company is forecast to post earnings per share of CN¥0.96 for next year compared to CN¥0.78 last year. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥178.9m (up 27% from 3Q 2024). Net income: CN¥29.5m (up 59% from 3Q 2024). Profit margin: 17% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% 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 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
State Power Rixin Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 State Power Rixin Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.20 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥175.6m (up 46% from 2Q 2024). Net income: CN¥29.4m (up 31% from 2Q 2024). Profit margin: 17% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% 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 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jul 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 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 High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change). Annonce • Jul 02
State Power Rixin Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 State Power Rixin Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥48.92, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 47x in the Software industry in China. Total returns to shareholders of 36% over the past three years. Declared Dividend • May 12
Dividend increased to CN¥0.47 Dividend of CN¥0.47 is 4.4% higher than last year. Ex-date: 16th May 2025 Payment date: 16th May 2025 Dividend yield will be 0.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 28
Price target increased by 11% to CN¥69.02 Up from CN¥62.36, the current price target is an average from 3 analysts. New target price is 14% above last closing price of CN¥60.50. Stock is up 43% over the past year. The company is forecast to post earnings per share of CN¥1.29 for next year compared to CN¥0.94 last year. Price Target Changed • Apr 26
Price target increased by 8.0% to CN¥63.54 Up from CN¥58.82, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥62.61. Stock is up 49% over the past year. The company is forecast to post earnings per share of CN¥1.22 for next year compared to CN¥0.94 last year. Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥724.2m to CN¥693.3m. EPS estimate also fell from CN¥1.43 per share to CN¥1.22 per share. Net income forecast to grow 31% next year vs 56% growth forecast for Software industry in China. Consensus price target up from CN¥58.82 to CN¥62.36. Share price rose 11% to CN¥62.51 over the past week. Annonce • Apr 15
State Power Rixin Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 State Power Rixin Technology Co., Ltd. proposed final cash dividend/10 shares (tax included) of CNY 4.7 for the year 2024. Annonce • Apr 14
State Power Rixin Technology Co., Ltd., Annual General Meeting, May 07, 2025 State Power Rixin Technology Co., Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: 1F, N6, No. 27, Jiancaicheng Middle Road, Xisanqi, Haidian District, Beijing China Price Target Changed • Apr 12
Price target increased by 16% to CN¥58.82 Up from CN¥50.77, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥56.27. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥1.43 for next year compared to CN¥0.94 last year. Annonce • Mar 31
State Power Rixin Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 State Power Rixin Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥48.70, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 50x in the Software industry in China. Total returns to shareholders of 32% over the past year. New Risk • Feb 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 8.6% 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 High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Annonce • Dec 31
State Power Rixin Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 State Power Rixin Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥45.79, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 45x in the Software industry in China. Total loss to shareholders of 22% over the past year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥140.8m (up 17% from 3Q 2023). Net income: CN¥18.5m (flat on 3Q 2023). Profit margin: 13% (down from 16% in 3Q 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥39.03, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 37x in the Software industry in China. Total loss to shareholders of 34% over the past year. New Risk • Sep 30
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: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Annonce • Sep 30
State Power Rixin Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 State Power Rixin Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥36.50, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 31x in the Software industry in China. Total loss to shareholders of 35% over the past year. New Risk • Aug 31
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 Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Large one-off items impacting financial results. Price Target Changed • Aug 27
Price target decreased by 15% to CN¥54.27 Down from CN¥63.86, the current price target is an average from 4 analysts. New target price is 69% above last closing price of CN¥32.12. Stock is down 48% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥0.85 last year. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.23. Revenue: CN¥120.5m (up 13% from 2Q 2023). Net income: CN¥22.4m (down 1.7% from 2Q 2023). Profit margin: 19% (down from 21% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Buy Or Sell Opportunity • Aug 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥35.22. The fair value is estimated to be CN¥44.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 65% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. New Risk • Jul 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Large one-off items impacting financial results. Annonce • Jun 29
State Power Rixin Technology Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 State Power Rixin Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥40.57, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Software industry in China. Total loss to shareholders of 45% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.96 per share. Buy Or Sell Opportunity • Jun 07
Now 21% overvalued Over the last 90 days, the stock has fallen 5.0% to CN¥47.10. The fair value is estimated to be CN¥39.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.6%. Revenue is forecast to grow by 66% in 2 years. Earnings are forecast to grow by 89% in the next 2 years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥52.73, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 30x in the Software industry in China. Total loss to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.85 per share. New Risk • May 24
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 12% 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 (12% average weekly change). Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥48.55, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Software industry in China. Total loss to shareholders of 21% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥38.84 per share. Annonce • May 11
State Power Rixin Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 17 May 2024 State Power Rixin Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): cash dividend/10 shares (tax included) of CNY 4.50000000. Record date is 16 May 2024. Ex-date is 17 May 2024. Payment date is 17 May 2024. Buy Or Sell Opportunity • May 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to CN¥47.07. The fair value is estimated to be CN¥38.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 93% in the next 2 years. Price Target Changed • Apr 17
Price target decreased by 8.5% to CN¥64.64 Down from CN¥70.64, the current price target is an average from 5 analysts. New target price is 58% above last closing price of CN¥40.82. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥1.21 for next year compared to CN¥0.85 last year. Reported Earnings • Apr 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.85 (up from CN¥0.74 in FY 2022). Revenue: CN¥456.2m (up 27% from FY 2022). Net income: CN¥84.2m (up 26% from FY 2022). Profit margin: 19% (in line with FY 2022). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China. Annonce • Apr 13
State Power Rixin Technology Co., Ltd., Annual General Meeting, May 06, 2024 State Power Rixin Technology Co., Ltd., Annual General Meeting, May 06, 2024, at 14:30 China Standard Time. Annonce • Mar 30
State Power Rixin Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 State Power Rixin Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥49.56, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥36.21, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 52% over the past year. Annonce • Jan 25
State Power Rixin Technology Co., Ltd. announced that it expects to receive CNY 410.3 million in funding State Power Rixin Technology Co., Ltd. announced a private placement to issue common shares for the gross proceeds of CNY 410,300,000 on January 23, 2024. Annonce • Dec 30
State Power Rixin Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 State Power Rixin Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 New Risk • Oct 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 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Dividend is not well covered by cash flows (345% cash payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.19 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥120.0m (up 52% from 3Q 2022). Net income: CN¥18.7m (up 21% from 3Q 2022). Profit margin: 16% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Price Target Changed • Oct 11
Price target decreased by 14% to CN¥81.33 Down from CN¥95.00, the current price target is an average from 3 analysts. New target price is 45% above last closing price of CN¥56.04. Stock is up 2.8% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥0.74 last year. Annonce • Sep 30
State Power Rixin Technology Co., Ltd. to Report Q3, 2023 Results on Oct 24, 2023 State Power Rixin Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥55.28, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 37x in the Software industry in China. Total returns to shareholders of 9.1% over the past year. New Risk • Aug 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Dividend is not well covered by cash flows (164% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.17 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥106.5m (up 33% from 2Q 2022). Net income: CN¥22.8m (up 44% from 2Q 2022). Profit margin: 21% (up from 20% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Annonce • Jul 27
State Power Rixin Technology Co., Ltd. announced that it expects to receive CNY 863.8643 million in funding State Power Rixin Technology Co., Ltd. announced a private placement to issue A shares pre-plan for gross proceeds of not more than CNY 863,864,300 on July 25, 2023. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 20th meeting of the company’s 2nd directorate and the 18th meeting of the 2nd Supervisory Board. The transaction is subject to the approvals of the company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Annonce • Jul 01
State Power Rixin Technology Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 State Power Rixin Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 13
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥1.03. Revenue: CN¥359.5m (up 20% from FY 2021). Net income: CN¥67.1m (up 13% from FY 2021). Profit margin: 19% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 7.5%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.41 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.41 in 3Q 2021). Revenue: CN¥79.1m (down 13% from 3Q 2021). Net income: CN¥15.5m (down 28% from 3Q 2021). Profit margin: 20% (down from 24% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Reported Earnings • Aug 29
First half 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.30 in 1H 2021) First half 2022 results: EPS: CN¥0.36 (up from CN¥0.30 in 1H 2021). Revenue: CN¥140.7m (up 18% from 1H 2021). Net income: CN¥21.1m (up 31% from 1H 2021). Profit margin: 15% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 39%, compared to a 33% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥60.13, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 27x in the Software industry in China. Annonce • Jun 08
State Power Rixin Technology Co., Ltd. Implements Cash Dividend for the Year of 2021, Payable on June 14, 2022 State Power Rixin Technology Co., Ltd. implemented final cash profit distribution of CNY 4.50000000 per ten shares (tax included) for the year of 2021. With an Record date of 13 June 2022, Ex-date and payment date of 14 June 2022. Annonce • Jun 04
State Power Rixin Technology Co., Ltd. Approves Cash Dividend for 2021 State Power Rixin Technology Co., Ltd. at its AGM held on 31 May 2022 approved cash dividend of CNY 4.50000000 per 10 shares for 2021. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥57.15, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 25x in the Software industry in China. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CN¥1.11 (vs CN¥1.02 in FY 2020) Full year 2021 results: EPS: CN¥1.11 (up from CN¥1.02 in FY 2020). Revenue: CN¥300.2m (up 21% from FY 2020). Net income: CN¥59.2m (up 9.2% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses.