Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.17 loss per share (vs CN¥0.021 profit in FY 2024) Full year 2025 results: CN¥0.17 loss per share (down from CN¥0.021 profit in FY 2024). Revenue: CN¥54.3b (down 1.8% from FY 2024). Net loss: CN¥784.4m (down CN¥877.9m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Annonce • Apr 28
TPV Technology Co., Ltd., Annual General Meeting, May 22, 2026 TPV Technology Co., Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Annonce • Mar 31
TPV Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 TPV Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Board Change • Feb 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Yan 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. Annonce • Jan 30
TPV Technology Co., Ltd. Announces Board Changes, Effective 28 January 2026 TPV Technology Co., Ltd. at its Extraordinary General Meeting of 2026 held on 28 January 2026, approved nomination of Zhang Yan and Wang Qianjing as non-independent directors and vetoed Yang Guohong as non-independent director. Annonce • Dec 31
TPV Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 TPV Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Board Change • Dec 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Supervisor Meng Wen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.024 loss per share (vs CN¥0.006 profit in 3Q 2024) Third quarter 2025 results: CN¥0.024 loss per share (down from CN¥0.006 profit in 3Q 2024). Revenue: CN¥13.9b (down 2.2% from 3Q 2024). Net loss: CN¥109.4m (down CN¥136.0m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • Sep 30
TPV Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 TPV Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 18
Second quarter 2025 earnings released: CN¥0.071 loss per share (vs CN¥0.011 profit in 2Q 2024) Second quarter 2025 results: CN¥0.071 loss per share (down from CN¥0.011 profit in 2Q 2024). Revenue: CN¥12.7b (down 9.4% from 2Q 2024). Net loss: CN¥322.4m (down CN¥370.4m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • Jul 02
TPV Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 TPV Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Apr 29
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: 0.2% Last year net profit margin: 0.5% 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: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Apr 29
Full year 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.061 in FY 2023) Full year 2024 results: EPS: CN¥0.021 (down from CN¥0.061 in FY 2023). Revenue: CN¥55.2b (up 1.2% from FY 2023). Net income: CN¥93.5m (down 66% from FY 2023). Profit margin: 0.2% (down from 0.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • Apr 29
TPV Technology Co., Ltd., Annual General Meeting, May 23, 2025 TPV Technology Co., Ltd., Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥2.30, the stock trades at a trailing P/E ratio of 36.7x. Average trailing P/E is 57x in the Tech industry in China. Total loss to shareholders of 3.4% over the past three years. Annonce • Mar 31
TPV Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 TPV Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 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 8.9% 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 Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Annonce • Dec 31
TPV Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 TPV Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥3.66, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 59x in the Tech industry in China. Total returns to shareholders of 17% over the past three years. New Risk • Nov 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥2.94, the stock trades at a trailing P/E ratio of 47x. Average trailing P/E is 50x in the Tech industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.007 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.006 (down from CN¥0.007 in 3Q 2023). Revenue: CN¥14.3b (down 1.6% from 3Q 2023). Net income: CN¥26.6m (down 11% from 3Q 2023). Profit margin: 0.2% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Sep 30
TPV Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 TPV Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥2.37, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 35x in the Tech industry in China. Total loss to shareholders of 4.4% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.017 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.011 (down from CN¥0.017 in 2Q 2023). Revenue: CN¥14.0b (up 7.1% from 2Q 2023). Net income: CN¥48.0m (down 39% from 2Q 2023). Profit margin: 0.3% (down from 0.6% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annonce • Jun 29
TPV Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 TPV Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Annonce • May 01
TPV Technology Co., Ltd., Annual General Meeting, May 24, 2024 TPV Technology Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.008 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.001 (up from CN¥0.008 loss in 1Q 2023). Revenue: CN¥12.8b (up 6.9% from 1Q 2023). Net income: CN¥5.38m (up CN¥39.7m from 1Q 2023). Profit margin: 0% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Annonce • Mar 30
TPV Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 TPV Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.019 in FY 2022) Full year 2023 results: EPS: CN¥0.061 (up from CN¥0.019 in FY 2022). Revenue: CN¥54.6b (down 12% from FY 2022). Net income: CN¥277.6m (up 220% from FY 2022). Profit margin: 0.5% (up from 0.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥2.35, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 37x in the Tech industry in China. Total loss to shareholders of 4.5% over the past three years. Annonce • Dec 29
TPV Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 TPV Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.007 (vs CN¥0.031 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.007 (up from CN¥0.031 loss in 3Q 2022). Revenue: CN¥14.5b (flat on 3Q 2022). Net income: CN¥29.9m (up CN¥166.8m from 3Q 2022). Profit margin: 0.2% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Oct 11
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 6.0% 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. This is currently the only risk that has been identified for the company. Annonce • Sep 29
TPV Technology Co., Ltd. Approves Election of Song Shaowen as Non-Independent Director TPV Technology Co., Ltd. approved election of Song Shaowen as a non-independent director at the Extraordinary General Meeting held on 27 September 2023. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.017 (vs CN¥0.023 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.017 (up from CN¥0.023 loss in 2Q 2022). Revenue: CN¥13.1b (down 14% from 2Q 2022). Net income: CN¥78.3m (up CN¥184.9m from 2Q 2022). Profit margin: 0.6% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • May 06
TPV Technology Co., Ltd., Annual General Meeting, May 22, 2023 TPV Technology Co., Ltd., Annual General Meeting, May 22, 2023, at 14:00 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to 2022 work report of the supervisory committee; to 2022 annual accounts; to 2023 financial budget report; to 2022 profit distribution plan; to 2022 annual report and its summary; to Guarantee between controlled subsidiaries and their wholly-owned subsidiaries; to Launching foreign exchange derivatives transactions by subsidiaries; to 2023 estimated continuing connected transactions; and to consider other matter. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.12 in FY 2021) Full year 2022 results: EPS: CN¥0.019 (down from CN¥0.12 in FY 2021). Revenue: CN¥61.9b (down 12% from FY 2021). Net income: CN¥86.7m (down 84% from FY 2021). Profit margin: 0.1% (down from 0.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 5 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. 5 independent directors (6 non-independent directors). Director Guofei Xu is the most experienced director on the board, commencing their role in 2014. Non-Independent Director Yingxin Sun was the last independent director to join the board, commencing their role in 2022. 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 31
Third quarter 2022 earnings released: CN¥0.031 loss per share (vs CN¥0.011 profit in 3Q 2021) Third quarter 2022 results: CN¥0.031 loss per share (down from CN¥0.011 profit in 3Q 2021). Revenue: CN¥14.4b (down 19% from 3Q 2021). Net loss: CN¥136.8m (down 365% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annonce • Oct 25
TPV Technology Co., Ltd. Announces Executive Appointments TPV Technology Co., Ltd. at the Extraordinary General Meeting held on 21 October 2022, approved election and nomination of non-independent directors: Sun Yingxin and Yang Lin; Election of Zhang Zhicheng as a supervisor. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥2.26, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 37x in the Tech industry in China. Total returns to shareholders of 9.2% over the past three years. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.023 loss per share (vs CN¥0.046 profit in 2Q 2021) Second quarter 2022 results: CN¥0.023 loss per share (down from CN¥0.046 profit in 2Q 2021). Revenue: CN¥15.1b (down 7.5% from 2Q 2021). Net loss: CN¥106.6m (down 151% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Jun 15
TPV Technology Co., Ltd. (SZSE:000727) acquired Philips PDS North America. TPV Technology Co., Ltd. (SZSE:000727) acquired Philips PDS North America on June 13, 2022. PPDS US becomes wholly-owned subsidiary of TPV Group. US team will also receive support from PPDS’ newly announced global leadership team, consisting of Franck Racapé – Head of Global Commercial, Martijn Van der Woude – Head of Global Business Development and Marketing, and Robert Hsu – Head of Global Product Management.
TPV Technology Co., Ltd. (SZSE:000727) completed the acquisition of Philips PDS North America on June 13, 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Non-Independent Director Zhaonian Yao is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Apr 19
TPV Technology Co., Ltd., Annual General Meeting, May 10, 2022 TPV Technology Co., Ltd., Annual General Meeting, May 10, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2022 financial budget report; to consider 2021 profit distribution plan; to consider 2021 annual report and its summary; to consider nomination of directors; to consider guarantee between controlled subsidiaries and their wholly-owned subsidiaries; to consider launching foreign exchange derivatives transactions by subsidiaries; to consider launching accounts receivable factoring business by subsidiaries; and to consider implementing results of the commitments on assets purchase via major assets restructuring. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.12 (down from CN¥0.17 in FY 2020). Revenue: CN¥70.6b (up 3.0% from FY 2020). Net income: CN¥532.2m (down 29% from FY 2020). Profit margin: 0.8% (down from 1.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 91%. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • Mar 31
TPV Technology Co., Ltd. to Report Fiscal Year 2021 Results on Apr 16, 2022 TPV Technology Co., Ltd. announced that they will report fiscal year 2021 results on Apr 16, 2022 Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥3.22, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 44x in the Tech industry in China. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.90, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 71% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.046 (vs CN¥0.07 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥16.3b (up CN¥14.6b from 2Q 2020). Net income: CN¥208.2m (up CN¥526.7m from 2Q 2020). Profit margin: 1.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.044 (vs CN¥0.10 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥16.6b (up CN¥15.6b from 1Q 2020). Net income: CN¥199.7m (up CN¥659.1m from 1Q 2020). Profit margin: 1.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Mar 15
Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agreed to acquire additional 2.57% stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) for approximately CNY 400 million. Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agreed to acquire acquire additional 2.57% stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) for approximately CNY 400 million on March 12, 2021. As per terms of transaction, Nanjing Huadong Electronics Information & Technology Co., Ltd. acquired 60.2 million shares at CNY6.6706 per share by issuing 211.352693 million shares. The lock-up period for the consideration shares is 12 months starting from the issuance date. Transaction is subject to statutory approval. Mengta Wu of Crowe (TW) acted as an accountant for Innolux Corporation. Reported Earnings • Mar 15
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥1.25 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥68.6b (up CN¥63.3b from FY 2019). Net income: CN¥745.8m (up CN¥6.39b from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Feb 24
Nanjing Huadong Electronics Information & Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Nanjing Huadong Electronics Information & Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Is New 90 Day High Low • Feb 19
New 90-day high: CN¥2.65 The company is up 6.0% from its price of CN¥2.49 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 1.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: CN¥2.30 The company is down 12% from its price of CN¥2.62 on 13 August 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Annonce • Nov 03
Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agreed to acquire an additional 3.86% stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) for approximately CNY 580 million. Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agreed to acquire an additional 3.86% stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) for approximately CNY 580 million on November 2, 2020. As per terms, Nanjing Huadong Electronics Information & Technology Co., Ltd. will acquire 90.3 million shares at CNY 6.40 per share. As per terms of the consideration, CNY 290.6 million will be paid within 30 working days upon stock settlement or before December 31, 2020 and remaining CNY 287.3 million will be paid before December 31, 2021 after deduction of necessary taxes and expenditures. Upon completion, Innolux Corporation holds 60.2 million shares representing 2.57% stake in TPV Technology Limited. The transaction is subject to statutory approvals from the relevant authorities. Mengta Wu of Crowe (TW) acted as an accountant for Innolux Corporation. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥4.79b, with losses widening by 281% from the prior year. Total revenue was CN¥6.40b over the last 12 months, up 11% from the prior year. Annonce • Sep 22
Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agree to acquire 49% stake in TPV Technology Limited from China Electronics Corporation, China Huadian Corporation Ltd.,China Electronics Industry Engineering Co., Ltd, China Ruida Investment Development Group Co., Ltd., Bonstar International Limited and Innolux Corporation (TSEC:3481) for CNY 2.2 million. Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agree to acquire 49% stake in TPV Technology Limited from China Electronics Corporation, China Huadian Corporation Ltd.,China Electronics Industry Engineering Co., Ltd, China Ruida Investment Development Group Co., Ltd., Bonstar International Limited and Innolux Corporation (TSEC:3481) for CNY 2.2 million on September 16, 2020. Under the terms of transaction, Nanjing Huadong Electronics Information & Technology Co., Ltd will acquire 1.15 million shares of TPV at CNY 1.9 per share and will issue his shares in consideration. Shares have a lock up period of 36 months in the case of China Electronics Corporation, Huadian Corporation, China Electronics Industry Engineering Co., Ltd and China Ruida Investment Development Group Co., Ltd. For Innolux Optoelectronics Co., Ltd and Bonstar International Limited, lock up period is 12 months. Nanjing Huadong Electronics intends to raise supporting funds from no more than 35 qualified investors through non-public issuance of stocks. If the amount of matching funds raised is insufficient to meet the investment needs of related projects, the listed company will make up the difference through its own funds or self-raised funds. The transaction plan has been reviewed and approved at the tenth extraordinary meeting of the ninth board of directors of the Nanjing Huadong Electronics Information & Technology Co. Transaction is subject to approval of the China Securities Regulatory Commission. The number of ordinary shares to be issued is ultimately subject to the number approved by the shareholders' meeting of the Nanjing Huadong Electronics company and approved by the China Securities Regulatory Commission. The transaction needs to be approved by the national development and reform authorities, commercial authorities, and foreign exchange authorities have completed the filing/registration procedures (if necessary) for overseas investments involved in this transaction and Other possible approvals or approvals required by relevant laws and regulations. After the completion of the comprehensive due diligence, audit, evaluation or valuation of the target company involved in this transaction, the listed company will once again convene the board of directors to review the formal plan of the transaction. Annonce • Sep 09
China Electronics Corporation agreed to acquire 11.4% stake in Chengdu CEC Panda Display Technology Co., Ltd. from Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) for CNY 1.5 billion. China Electronics Corporation agreed to acquire 11.4% stake in Chengdu CEC Panda Display Technology Co., Ltd. from Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) for CNY 1.5 billion on September 5, 2020. For the year ended December 31, 2019, Chengdu CEC Panda Display Technology Co., Ltd. reported total assets of CNY 34.15 billion, total revenue of CNY 3.6 billion, operating loss of CNY 960.79 million, net loss of CNY 965.4 million. The transaction is subject to approval from Board of Directors of China Electronics Corporation, shareholders of Nanjing Huadong Electronics Information & Technology Co., Ltd., regulatory approval, The transaction is approved by Board of Directors of Nanjing Huadong Electronics Information & Technology Co., Ltd. and Chengdu CEC Panda Display Technology Co., Ltd. Annonce • Sep 05
CEIEC (H.K.) Limited and Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) entered into a term sheet to acquire an additional unknown minority stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) CEIEC (H.K.) Limited and Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) entered into a term sheet to acquire an additional unknown minority stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) on September 4, 2020. Transaction is subject to necessary statutory approvals from the relevant authorities and satisfy all conditions precedent set forth in relevant documents. Annonce • Aug 13
Nanjing Huadong Electronics Information & Technology Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Nanjing Huadong Electronics Information & Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020