Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.26 in FY 2024) Full year 2025 results: EPS: CN¥0.20 (down from CN¥0.26 in FY 2024). Revenue: CN¥444.4m (up 17% from FY 2024). Net income: CN¥34.8m (down 25% from FY 2024). Profit margin: 7.8% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Annonce • Apr 27
Sichuan Joyou Digital Technologies Co.,Ltd., Annual General Meeting, Jun 11, 2026 Sichuan Joyou Digital Technologies Co.,Ltd., Annual General Meeting, Jun 11, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Annonce • Mar 31
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annonce • Dec 31
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 New Risk • Nov 21
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 Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 7.1% per year over the past 5 years. High level of non-cash earnings (30% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.8% net profit margin). New Risk • Oct 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.8% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.1% per year over the past 5 years. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (7.8% net profit margin). Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.029 loss per share (vs CN¥0.057 profit in 3Q 2024) Third quarter 2025 results: CN¥0.029 loss per share (down from CN¥0.057 profit in 3Q 2024). Revenue: CN¥45.7m (down 5.3% from 3Q 2024). Net loss: CN¥5.12m (down 159% from profit in 3Q 2024). Annonce • Sep 30
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Aug 27
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 6.8% 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 1.6% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Annonce • Jul 02
Sichuan Joyou Digital Technologies Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Annonce • May 30
Sichuan Joyou Digital Technologies Co.,Ltd. Approves Cash Dividend for 2024 Sichuan Joyou Digital Technologies Co.,Ltd. at its Annual General Meeting of 2024 on 28 May 2025 approved 2024 profit distribution plan: Cash dividend per 10 shares (tax included) of CNY 1.00000000. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 1.6% 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 1.6% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Annonce • May 07
Sichuan Joyou Digital Technologies Co.,Ltd., Annual General Meeting, May 28, 2025 Sichuan Joyou Digital Technologies Co.,Ltd., Annual General Meeting, May 28, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, China (Sichuan) Pilot Free Trade Zone, Sichuan China New Risk • Apr 27
New major risk - Revenue and earnings growth Earnings have declined by 1.6% 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 1.6% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (11% net profit margin). Annonce • Apr 25
Sichuan Joyou Digital Technologies Co.,Ltd. Proposes Final Cash Dividend for 2024 Sichuan Joyou Digital Technologies Co.,Ltd. announced on 23 April 2025 the profit distribution proposal for 2024 final Cash dividend of CNY1.00000000 per 10 shares (tax included). Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.60 in FY 2023) Full year 2024 results: EPS: CN¥0.37 (down from CN¥0.60 in FY 2023). Revenue: CN¥378.9m (down 8.7% from FY 2023). Net income: CN¥46.1m (down 27% from FY 2023). Profit margin: 12% (down from 15% in FY 2023). The decrease in margin was driven by lower revenue. 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 8.4% 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: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥21.96, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 82x in the IT industry in China. Total loss to shareholders of 29% over the past year. Annonce • Mar 31
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Annonce • Dec 31
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥29.11, the stock trades at a trailing P/E ratio of 71.6x. Average trailing P/E is 74x in the IT industry in China. Total loss to shareholders of 37% over the past year. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.079 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.079 (down from CN¥0.12 in 3Q 2023). Revenue: CN¥48.2m (up 3.5% from 3Q 2023). Net income: CN¥8.74m (down 33% from 3Q 2023). Profit margin: 18% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥29.43, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 62x in the IT industry in China. Total loss to shareholders of 36% over the past year. Annonce • Sep 30
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥30.16, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 59x in the IT industry in China. Total loss to shareholders of 16% over the past year. Annonce • Aug 29
Sichuan Joyou Digital Technologies Co.,Ltd. Proposes Dividend for the First Half of 2024 Sichuan Joyou Digital Technologies Co.,Ltd. proposed Cash dividend/10 shares (tax included): CNY 1.00000000 for the first half of 2024. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.35 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (down from CN¥0.35 in 2Q 2023). Revenue: CN¥133.2m (down 30% from 2Q 2023). Net income: CN¥12.4m (down 64% from 2Q 2023). Profit margin: 9.3% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue. New Risk • Aug 23
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 7.0% 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 Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Annonce • Aug 22
Sichuan Joyou Digital Technologies Co.,Ltd. Announces Board Appointments Sichuan Joyou Digital Technologies Co.,Ltd. announced election of Zeng Lijun, non-independent director, Zhang Zhirui, non-independent director, Du Xiaofeng, non-independent director, Yan Bo, non-independent director, Han Jiasheng, non-independent director, and Li Tao, non-independent director. The company also announced the election of Independent Directors. Deng Juqiu, independent director; Yu Rui, independent director; and
2.3. Wang Li, independent director, and Wang Li, independent director, at the EGM held on August 16, 2024. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥28.41, the stock trades at a trailing P/E ratio of 45.5x. Average trailing P/E is 41x in the IT industry in China. Total loss to shareholders of 33% over the past year. Annonce • Jun 29
Sichuan Joyou Digital Technologies Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • Apr 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 30% 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 (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (12% average weekly change). Annonce • Apr 20
Sichuan Joyou Digital Technologies Co.,Ltd., Annual General Meeting, May 10, 2024 Sichuan Joyou Digital Technologies Co.,Ltd., Annual General Meeting, May 10, 2024, at 15:00 China Standard Time. Location: 18F, No. 288, Tianfu 3 Street, Chengdu High-tech Zone, China (Sichuan) Pilot Free Trade Zone, Chengdu, Sichuan China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥25.51, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 47x in the IT industry in China. Annonce • Mar 30
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Q1, 2024 Results on Apr 19, 2024 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report Q1, 2024 results on Apr 19, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥30.65, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 60x in the IT industry in China. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥37.44, the stock trades at a trailing P/E ratio of 62.1x. Average trailing P/E is 55x in the IT industry in China. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥32.39, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 45x in the IT industry in China. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥36.56, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 55x in the IT industry in China. Annonce • Dec 29
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥47.25, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 63x in the IT industry in China. Annonce • Sep 30
Sichuan Joyou Digital Technologies Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Annonce • Sep 01
Sichuan Joyou Digital Technologies Co.,Ltd. Proposes Interim Dividend for the First Half of 2023 Sichuan Joyou Digital Technologies Co.,Ltd. announced on 29 August 2023 the profit distribution proposal for the first half of 2023 as follows: Cash dividend/10 shares (tax included): CNY1.50000000. Reported Earnings • Aug 29
First half 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.30 in 1H 2022) First half 2023 results: EPS: CN¥0.33 (up from CN¥0.30 in 1H 2022). Revenue: CN¥207.3m (up 6.7% from 1H 2022). Net income: CN¥30.4m (up 8.5% from 1H 2022). Profit margin: 15% (in line with 1H 2022). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥42.50, the stock trades at a trailing P/E ratio of 72.5x. Average trailing P/E is 63x in the IT industry in China. Annonce • Aug 04
Sichuan Joyou Digital Technologies Co.,Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Sichuan Joyou Digital Technologies Co.,Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 
