Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Hongshan Bao was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 16
Fujian Apex Software Co.,LTD, Annual General Meeting, May 08, 2026 Fujian Apex Software Co.,LTD, Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: 8F-9F, Zone G, No. 89, Software Avenue, Tongpan Road, Gulou District, Fuzhou, Fujian China Annonce • Mar 30
Fujian Apex Software Co.,LTD to Report Q1, 2026 Results on Apr 23, 2026 Fujian Apex Software Co.,LTD announced that they will report Q1, 2026 results on Apr 23, 2026 Annonce • Dec 26
Fujian Apex Software Co.,LTD to Report Fiscal Year 2025 Results on Apr 16, 2026 Fujian Apex Software Co.,LTD announced that they will report fiscal year 2025 results on Apr 16, 2026 Annonce • Sep 30
Fujian Apex Software Co.,LTD to Report Q3, 2025 Results on Oct 28, 2025 Fujian Apex Software Co.,LTD announced that they will report Q3, 2025 results on Oct 28, 2025 Annonce • Jun 30
Fujian Apex Software Co.,LTD to Report First Half, 2025 Results on Aug 26, 2025 Fujian Apex Software Co.,LTD announced that they will report first half, 2025 results on Aug 26, 2025 Annonce • Apr 11
Fujian Apex Software Co.,LTD, Annual General Meeting, May 09, 2025 Fujian Apex Software Co.,LTD, Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: 8F-9F, Zone G, No. 89, Software Avenue, Tongpan Road, Gulou District, Fuzhou, Fujian China Annonce • Mar 28
Fujian Apex Software Co.,LTD to Report Q1, 2025 Results on Apr 26, 2025 Fujian Apex Software Co.,LTD announced that they will report Q1, 2025 results on Apr 26, 2025 Annonce • Mar 06
Fujian Aipaike Electronics Co., Ltd. agreed to acquire a 20% stake in Shanghai Betalpha Information Technology Co., Ltd. from Fujian Apex Software Co.,LTD (SHSE:603383) for CNY 31.4 million Fujian Aipaike Electronics Co., Ltd. agreed to acquire a 20% stake in Shanghai Betalpha Information Technology Co., Ltd. from Fujian Apex Software Co.,LTD (SHSE:603383) for CNY 31.4 million on March 4, 2025 Annonce • Dec 27
Fujian Apex Software Co.,LTD to Report Fiscal Year 2024 Results on Apr 11, 2025 Fujian Apex Software Co.,LTD announced that they will report fiscal year 2024 results on Apr 11, 2025 Buy Or Sell Opportunity • Nov 15
Now 21% undervalued Over the last 90 days, the stock has risen 37% to CN¥39.20. The fair value is estimated to be CN¥49.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 73% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥45.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 2.9% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.21 per share. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.26 (down from CN¥0.29 in 3Q 2023). Revenue: CN¥153.8m (down 13% from 3Q 2023). Net income: CN¥52.5m (down 9.7% from 3Q 2023). Profit margin: 34% (up from 33% in 3Q 2023). The increase in margin was driven by lower 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. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥37.22, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 40x 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¥40.27 per share. Annonce • Sep 30
Fujian Apex Software Co.,LTD to Report Q3, 2024 Results on Oct 29, 2024 Fujian Apex Software Co.,LTD announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥29.16, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥40.58 per share. New Risk • Sep 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Annonce • Jul 20
Fujian Apex Software Co.,LTD (SHSE:603383) agreed to acquire 16.83% stake in Xi'an West Point Information Technology Co., Ltd. from Liu Wenxin, Song Mei and Li Jianfeng for CNY 5 million. Fujian Apex Software Co.,LTD (SHSE:603383) agreed to acquire 16.83% stake in Xi'an West Point Information Technology Co., Ltd. from Liu Wenxin, Song Mei and Li Jianfeng for CNY 5 million on July 18, 2024. As of March 31, 2024, Xi'an West Point Information Technology Co., Ltd. generated total assets of CNY 25.3 million and net assets of CNY 17.95 million. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥27.71, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 30x in the Software industry in China. Total loss to shareholders of 36% over the past year. Annonce • Jun 28
Fujian Apex Software Co.,LTD to Report First Half, 2024 Results on Aug 27, 2024 Fujian Apex Software Co.,LTD announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Jun 18
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: Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥1.38 (vs CN¥0.99 in FY 2022) Full year 2023 results: EPS: CN¥1.38 (up from CN¥0.99 in FY 2022). Revenue: CN¥743.9m (up 19% from FY 2022). Net income: CN¥233.3m (up 41% from FY 2022). Profit margin: 31% (up from 27% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China. Annonce • Apr 12
Fujian Apex Software Co.,LTD, Annual General Meeting, May 08, 2024 Fujian Apex Software Co.,LTD, Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: Building 8-9, Area G, No. 89, Software Avenue, Tongpan Road, Gulou District, Fuzhou, Fujian China Annonce • Mar 29
Fujian Apex Software Co.,LTD to Report Q1, 2024 Results on Apr 25, 2024 Fujian Apex Software Co.,LTD announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥35.73, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 29x in the Software industry in China. Total loss to shareholders of 28% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.52 per share. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.33, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥69.34 per share. Board Change • Dec 30
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 Mei Zhang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 30
Fujian Apex Software Co.,LTD to Report Fiscal Year 2023 Results on Apr 12, 2024 Fujian Apex Software Co.,LTD announced that they will report fiscal year 2023 results on Apr 12, 2024 Buying Opportunity • Dec 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥62.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.23 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.34 (up from CN¥0.23 in 3Q 2022). Revenue: CN¥176.6m (up 12% from 3Q 2022). Net income: CN¥58.1m (up 53% from 3Q 2022). Profit margin: 33% (up from 24% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Annonce • Sep 30
Fujian Apex Software Co.,LTD to Report Q3, 2023 Results on Oct 27, 2023 Fujian Apex Software Co.,LTD announced that they will report Q3, 2023 results on Oct 27, 2023 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥75.61, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 43x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.66 per share. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.99 (vs CN¥0.82 in FY 2021) Full year 2022 results: EPS: CN¥0.99 (up from CN¥0.82 in FY 2021). Revenue: CN¥624.6m (up 24% from FY 2021). Net income: CN¥166.0m (up 21% from FY 2021). Profit margin: 27% (in line with FY 2021). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥59.16, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 44x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.31 per share. 
