New Risk • May 29
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 Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Annonce • Mar 30
Keystone Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Keystone Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 24
Full year 2025 earnings released: CN¥0.96 loss per share (vs CN¥0.21 loss in FY 2024) Full year 2025 results: CN¥0.96 loss per share (further deteriorated from CN¥0.21 loss in FY 2024). Revenue: CN¥1.37b (flat on FY 2024). Net loss: CN¥70.3m (loss widened 355% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Annonce • Mar 23
Keystone Technology Co.,Ltd., Annual General Meeting, Apr 16, 2026 Keystone Technology Co.,Ltd., Annual General Meeting, Apr 16, 2026, at 14:30 China Standard Time. Location: 4F, No. 88, Xingang Avenue, Economic and Technological Development Zone, Nanjing, Jiangsu China Annonce • Dec 26
Keystone Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026 Keystone Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.09 loss per share (vs CN¥0.12 loss in 3Q 2024) Third quarter 2025 results: CN¥0.09 loss per share (improved from CN¥0.12 loss in 3Q 2024). Revenue: CN¥334.7m (down 1.4% from 3Q 2024). Net loss: CN¥6.63m (loss narrowed 23% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
Keystone Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Keystone Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 29
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 7.4% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings have declined by 43% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Annonce • Jun 30
Keystone Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Keystone Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 12
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 8.7% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings have declined by 38% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Apr 23
Full year 2024 earnings released: CN¥0.21 loss per share (vs CN¥0.71 profit in FY 2023) Full year 2024 results: CN¥0.21 loss per share (down from CN¥0.71 profit in FY 2023). Revenue: CN¥1.36b (up 52% from FY 2023). Net loss: CN¥15.5m (down 130% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Annonce • Apr 22
Keystone Technology Co.,Ltd., Annual General Meeting, May 13, 2025 Keystone Technology Co.,Ltd., Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: 4F, No. 88, Xingang Avenue, Economic and Technological Development Zone, Nanjing, Jiangsu China New Risk • Apr 03
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: Major Risks Debt is not well covered by operating cash flow (1.2% operating cash flow to total debt). Earnings have declined by 20% per year over the past 5 years. High level of non-cash earnings (85% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (1.3% net profit margin). Annonce • Mar 28
Keystone Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Keystone Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annonce • Jan 10
Zhang Aoxing completed the acquisition of 5.04% stake in Keystone Technology Co.,Ltd. (SHSE:605588) from Zhang Jianwei for approximately CNY 150 million. Zhang Aoxing agreed to acquire 5.04% stake in Keystone Technology Co.,Ltd. (SHSE:605588) from Zhang Jianwei for approximately CNY 150 million on December 11, 2024. A cash consideration of CNY 152.03 million valued at CNY 41.09 per share will be paid by the Zhang Aoxing.
Zhang Aoxing completed the acquisition of 5.04% stake in Keystone Technology Co.,Ltd. (SHSE:605588) from Zhang Jianwei on January 7, 2025. Annonce • Dec 27
Keystone Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Keystone Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.25 profit in 3Q 2023) Third quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.25 profit in 3Q 2023). Revenue: CN¥339.7m (up 45% from 3Q 2023). Net loss: CN¥8.59m (down 147% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥46.06, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 8.0% over the past three years. Annonce • Sep 30
Keystone Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Keystone Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥41.82, the stock trades at a trailing P/E ratio of 71.1x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 3.1% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥381.2m (up 98% from 2Q 2023). Net income: CN¥9.85m (down 22% from 2Q 2023). Profit margin: 2.6% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annonce • Jun 29
Keystone Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Keystone Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (74% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (4.9% net profit margin). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥43.61, the stock trades at a trailing P/E ratio of 69.9x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 14% over the past year. Annonce • May 01
Keystone Technology Co.,Ltd., Annual General Meeting, May 28, 2024 Keystone Technology Co.,Ltd., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: 4F, No. 88, Xingang Avenue, Economic and Technological Development Zone, Nanjing, Jiangsu China Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥38.93, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 5.2% over the past year. 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¥50.46, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 34% over the past year. New Risk • Apr 03
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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 0.8% per year over the past 5 years. High level of non-cash earnings (28% accrual ratio). Annonce • Mar 30
Keystone Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Keystone Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥49.57, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 42% over the past year. 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¥38.16, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 16% over the past year. Annonce • Dec 30
Keystone Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Keystone Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥61.90, the stock trades at a trailing P/E ratio of 71.6x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 102% over the past year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥234.1m (up 23% from 3Q 2022). Net income: CN¥18.3m (down 9.3% from 3Q 2022). Profit margin: 7.8% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥76.13, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 43x in the Electronic industry in China. Total returns to shareholders of 185% over the past year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 41% After last week's 41% share price gain to CN¥55.73, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 71% over the past year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.26 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥192.1m (down 43% from 2Q 2022). Net income: CN¥12.5m (down 34% from 2Q 2022). Profit margin: 6.5% (up from 5.6% in 2Q 2022). The increase in margin was driven by lower expenses. Buying Opportunity • Jul 20
Now 21% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be CN¥53.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% over the last year. Earnings per share has declined by 30%. Annonce • Jun 28
Keystone Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Keystone Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥41.86, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 40% over the past year. Buying Opportunity • Dec 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be CN¥35.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 13%. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Supervisor Huang Huang was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥38.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.28 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.28 in 3Q 2021). Revenue: CN¥286.1m (down 10.0% from 3Q 2021). Net income: CN¥24.9m (up 44% from 3Q 2021). Profit margin: 8.7% (up from 5.4% in 3Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.49 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26 (down from CN¥0.49 in 2Q 2021). Revenue: CN¥337.1m (down 14% from 2Q 2021). Net income: CN¥19.0m (down 30% from 2Q 2021). Profit margin: 5.6% (down from 6.9% in 2Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥40.78, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥35.35, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 35x in the Electronic industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.42 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.30 (down from CN¥0.42 in 1Q 2021). Revenue: CN¥388.3m (up 4.5% from 1Q 2021). Net income: CN¥22.2m (down 3.3% from 1Q 2021). Profit margin: 5.7% (down from 6.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 27
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.