Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥34.85, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 67x in the Electronic industry in China. Total returns to shareholders of 50% over the past three years. New Risk • Jul 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 9.0% 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: Major Risk Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Annonce • Jun 30
Suzhou Etron Technologies Co.,Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Suzhou Etron Technologies Co.,Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥41.03, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 80x in the Electronic industry in China. Total returns to shareholders of 88% over the past three years. Declared Dividend • Jun 08
Dividend of CN¥0.60 announced Shareholders will receive a dividend of CN¥0.60. Ex-date: 9th June 2026 Payment date: 9th June 2026 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 2.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥43.10, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 74x in the Electronic industry in China. Total returns to shareholders of 102% over the past three years. Annonce • Apr 22
Suzhou Etron Technologies Co.,Ltd., Annual General Meeting, May 13, 2026 Suzhou Etron Technologies Co.,Ltd., Annual General Meeting, May 13, 2026, at 10:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Reported Earnings • Apr 22
First quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.26 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.19 (down from CN¥0.26 in 1Q 2025). Revenue: CN¥530.2m (down 3.5% from 1Q 2025). Net income: CN¥30.5m (down 27% from 1Q 2025). Profit margin: 5.8% (down from 7.6% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Annonce • Apr 11
Suzhou Etron Technologies Co.,Ltd. (SHSE:603380) announces an Equity Buyback for CNY 10 million worth of its shares. Suzhou Etron Technologies Co.,Ltd. (SHSE:603380) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 10 million worth of its shares. The shares will be repurchased at a price not more than CNY 45 per share. The repurchases will be funded using the company's own funds. The shares repurchased will be used for ESOP or equity incentives. Shares not used within 3 years after the completion of the repurchase will be cancelled. The program will be valid for 12 months. Annonce • Mar 30
Suzhou Etron Technologies Co.,Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Suzhou Etron Technologies Co.,Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Annonce • Dec 26
Suzhou Etron Technologies Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Suzhou Etron Technologies Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥40.37, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 57x in the Electronic industry in China. Total returns to shareholders of 66% over the past three years. New Risk • Dec 04
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.39 (vs CN¥0.32 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.39 (up from CN¥0.32 in 3Q 2024). Revenue: CN¥551.7m (up 2.4% from 3Q 2024). Net income: CN¥61.5m (up 20% from 3Q 2024). Profit margin: 11% (up from 9.5% in 3Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 11% per year. Annonce • Sep 30
Suzhou Etron Technologies Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Suzhou Etron Technologies Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥51.92, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥44.60, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 49% over the past three years. New Risk • Aug 15
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: Minor Risks Dividend is not well covered by cash flows (103% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥34.10, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 5.8% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to CN¥33.11. The fair value is estimated to be CN¥27.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has declined by 7.5%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Annonce • Jun 30
Suzhou Etron Technologies Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Suzhou Etron Technologies Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 27
First quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.19 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.26 (up from CN¥0.19 in 1Q 2024). Revenue: CN¥549.1m (up 22% from 1Q 2024). Net income: CN¥41.8m (up 34% from 1Q 2024). Profit margin: 7.6% (up from 6.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 11% per year. Annonce • Apr 26
Suzhou Etron Technologies Co.,Ltd., Annual General Meeting, May 16, 2025 Suzhou Etron Technologies Co.,Ltd., Annual General Meeting, May 16, 2025, at 10:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥19.36, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 30% over the past three years. Annonce • Mar 28
Suzhou Etron Technologies Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Suzhou Etron Technologies Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Annonce • Dec 27
Suzhou Etron Technologies Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Suzhou Etron Technologies Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Annonce • Sep 30
Suzhou Etron Technologies Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Suzhou Etron Technologies Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.27 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.27 in 2Q 2023). Revenue: CN¥561.8m (up 29% from 2Q 2023). Net income: CN¥56.2m (up 27% from 2Q 2023). Profit margin: 10.0% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Annonce • Jun 28
Suzhou Etron Technologies Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Suzhou Etron Technologies Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • May 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥451.3m (up 8.1% from 1Q 2023). Net income: CN¥31.1m (up 40% from 1Q 2023). Profit margin: 6.9% (up from 5.3% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annonce • Apr 27
Suzhou Etron Technologies Co.,Ltd., Annual General Meeting, May 24, 2024 Suzhou Etron Technologies Co.,Ltd., Annual General Meeting, May 24, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Annonce • Mar 30
Suzhou Etron Technologies Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Suzhou Etron Technologies Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥17.27, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 4.5% over the past three years. Annonce • Dec 30
Suzhou Etron Technologies Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Suzhou Etron Technologies Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.38, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 10% over the past three years. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.27 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.27 in 3Q 2022). Revenue: CN¥509.0m (up 15% from 3Q 2022). Net income: CN¥36.9m (down 14% from 3Q 2022). Profit margin: 7.2% (down from 9.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Buying Opportunity • Nov 01
Now 20% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be CN¥30.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 88% in 2 years. Earnings is forecast to grow by 133% in the next 2 years. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.27 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥436.3m (down 13% from 2Q 2022). Net income: CN¥44.2m (up 17% from 2Q 2022). Profit margin: 10% (up from 7.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. New Risk • Jul 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 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 Risk High level of non-cash earnings (25% 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 (7.6% net profit margin). Annonce • Jun 28
Suzhou Etron Technologies Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Suzhou Etron Technologies Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥1.12 (down from CN¥1.42 in FY 2021). Revenue: CN¥1.97b (up 13% from FY 2021). Net income: CN¥178.5m (down 22% from FY 2021). Profit margin: 9.0% (down from 13% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 10
Now 21% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be CN¥35.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 71% in 2 years. Earnings is forecast to grow by 106% in the next 2 years. Board Change • Nov 16
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: 5 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Supervisor Su Xiao Gu is the most experienced director on the board, commencing their role in 2020. Independent Director Hong Man Ma was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.39 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.27 (down from CN¥0.39 in 3Q 2021). Revenue: CN¥442.4m (down 2.1% from 3Q 2021). Net income: CN¥43.0m (down 31% from 3Q 2021). Profit margin: 9.7% (down from 14% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Buying Opportunity • Sep 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥37.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 32% in a year. Earnings is forecast to grow by 63% in the next year. Buying Opportunity • Aug 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥37.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 32% in a year. Earnings is forecast to grow by 63% in the next year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.40 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (down from CN¥0.40 in 2Q 2021). Revenue: CN¥500.3m (up 26% from 2Q 2021). Net income: CN¥37.7m (down 42% from 2Q 2021). Profit margin: 7.5% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 32%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 25% per year. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥38.46, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 179% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.27 in 1Q 2021). Revenue: CN¥489.4m (up 34% from 1Q 2021). Net income: CN¥55.5m (up 28% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 31%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year. Buying Opportunity • Apr 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CN¥34.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 71% in the next 2 years. Reported Earnings • Mar 13
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥1.42 (up from CN¥1.03 in FY 2020). Revenue: CN¥1.75b (up 36% from FY 2020). Net income: CN¥227.4m (up 37% from FY 2020). Profit margin: 13% (in line with FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 30%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥36.43, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 162% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥35.89, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 164% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.28 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥451.9m (up 36% from 3Q 2020). Net income: CN¥62.0m (up 36% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.37 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥395.7m (up 7.5% from 2Q 2020). Net income: CN¥64.5m (up 14% from 2Q 2020). Profit margin: 16% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥31.07, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 101% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.10 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥365.2m (up 56% from 1Q 2020). Net income: CN¥43.5m (up 162% from 1Q 2020). Profit margin: 12% (up from 7.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥23.86, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 3.9% over the past three years. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥23.01 The company is up 4.0% from a price of CN¥22.14 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Exceeded the Electronic industry, which is down 6.0% over the same period. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥20.70, the stock is trading at a trailing P/E ratio of 19.9x, up from the previous P/E ratio of 16.8x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past three years are 22%. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥18.24 The company is down 26% from its price of CN¥24.56 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥20.50 The company is down 2.0% from its price of CN¥20.91 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥166.7m, up 55% from the prior year. Total revenue was CN¥1.24b over the last 12 months, up 25% from the prior year. Annonce • Oct 27
Suzhou Etron Technologies Co.,Ltd. to Report Q3, 2020 Results on Oct 29, 2020 Suzhou Etron Technologies Co.,Ltd. announced that they will report Q3, 2020 results on Oct 29, 2020 Is New 90 Day High Low • Oct 13
New 90-day high: CN¥25.82 The company is up 38% from its price of CN¥18.72 on 15 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 21% share price gain to CN¥25.82, the stock is trading at a trailing P/E ratio of 27.5x, up from the previous P/E ratio of 22.7x. This compares to an average P/E of 49x in the Electronic industry in China. Total returns to shareholders over the past three years are 13%. Annonce • Jul 09
Suzhou Etron Technologies Co.,Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Suzhou Etron Technologies Co.,Ltd. announced that they will report first half, 2020 results on Aug 26, 2020