Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥31.80, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 81x in the Communications industry in China. Total returns to shareholders of 55% over the past three years. New Risk • Jul 17
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 9.6% 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 10.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.6% average weekly change). Profit margins are more than 30% lower than last year (25% net profit margin). Annonce • Jul 01
Guangdong AVCiT Technology Holding Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Annonce • Jun 05
Guangdong AVCiT Technology Holding Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for 2025, Payable on June 9, 2026 Guangdong AVCiT Technology Holding Co., Ltd. announced final profit distribution plan to be implemented on A shares for 2025: Cash dividend per ten shares (tax included): CNY 3.00000000. Record date: 08 June 2026. Ex-date: 09 June 2026. Payment date: 09 June 2026. New Risk • Apr 28
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: 25% Last year net profit margin: 36% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (25% net profit margin). Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: CN¥0.69 (vs CN¥0.80 in FY 2024) Full year 2025 results: EPS: CN¥0.69 (down from CN¥0.80 in FY 2024). Revenue: CN¥229.4m (up 17% from FY 2024). Net income: CN¥69.5m (down 13% from FY 2024). Profit margin: 30% (down from 41% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Apr 27
Guangdong AVCiT Technology Holding Co., Ltd., Annual General Meeting, May 18, 2026 Guangdong AVCiT Technology Holding Co., Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Annonce • Mar 31
Guangdong AVCiT Technology Holding Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annonce • Dec 31
Guangdong AVCiT Technology Holding Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥43.01, the stock trades at a trailing P/E ratio of 64.7x. Average trailing P/E is 81x in the Communications industry in China. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥42.40, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 65x in the Communications industry in China. Total returns to shareholders of 44% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (down from CN¥0.22 in 3Q 2024). Revenue: CN¥61.5m (up 15% from 3Q 2024). Net income: CN¥21.1m (down 3.9% from 3Q 2024). Profit margin: 34% (down from 41% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annonce • Sep 30
Guangdong AVCiT Technology Holding Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Annonce • Jul 02
Guangdong AVCiT Technology Holding Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • Jun 22
Dividend of CN¥0.60 announced Dividend of CN¥0.60 is the same as last year. Ex-date: 24th June 2025 Payment date: 24th June 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (83% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 7.9% to shift the payout ratio to a potentially unsustainable range, which is less than the 18% EPS decline seen over the last 3 years. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 4.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 4.1% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥0.80 (vs CN¥0.87 in FY 2023) Full year 2024 results: EPS: CN¥0.80 (down from CN¥0.87 in FY 2023). Revenue: CN¥196.8m (down 7.1% from FY 2023). Net income: CN¥80.0m (down 8.1% from FY 2023). Profit margin: 41% (in line with FY 2023). Annonce • Apr 26
Guangdong AVCiT Technology Holding Co., Ltd., Annual General Meeting, May 19, 2025 Guangdong AVCiT Technology Holding Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥27.68, the stock trades at a trailing P/E ratio of 35x. Average trailing P/E is 64x in the Communications industry in China. Total loss to shareholders of 18% over the past year. Annonce • Mar 31
Guangdong AVCiT Technology Holding Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Feb 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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Annonce • Dec 31
Guangdong AVCiT Technology Holding Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥40.58, the stock trades at a trailing P/E ratio of 51.3x. Average trailing P/E is 65x in the Communications industry in China. Total returns to shareholders of 22% over the past year. New Risk • Dec 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 11% 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 (dividend per share is over 5x cash flows per share). Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥32.40, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 67x in the Communications industry in China. Total loss to shareholders of 2.4% over the past year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥53.3m (down 2.5% from 3Q 2023). Net income: CN¥22.0m (down 17% from 3Q 2023). Profit margin: 41% (down from 49% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Annonce • Sep 30
Guangdong AVCiT Technology Holding Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Guangdong AVCiT Technology Holding 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 19% After last week's 19% share price gain to CN¥28.13, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 42x in the Communications industry in China. Total loss to shareholders of 6.8% over the past year. Reported Earnings • Sep 03
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥36.3m (down 21% from 2Q 2023). Net income: CN¥15.8m (down 9.4% from 2Q 2023). Profit margin: 43% (up from 38% in 2Q 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥27.56, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 48x in the Communications industry in China. Total loss to shareholders of 6.1% over the past year. Annonce • Jun 29
Guangdong AVCiT Technology Holding Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Annonce • Apr 30
Guangdong AVCiT Technology Holding Co., Ltd., Annual General Meeting, May 20, 2024 Guangdong AVCiT Technology Holding Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: No. 662, Huangpu Avenue Middle, Tianhe District, Guangzhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥28.69, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 45x in the Communications industry in China. Total loss to shareholders of 14% over the past year. Annonce • Mar 30
Guangdong AVCiT Technology Holding Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.44, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 51x in the Communications industry in China. Total returns to shareholders of 23% over the past year. Buy Or Sell Opportunity • Feb 21
Now 32% overvalued Over the last 90 days, the stock has fallen 15% to CN¥28.96. The fair value is estimated to be CN¥21.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 10%. New Risk • Feb 20
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 8.5% 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 (138% cash payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥26.33, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 41x in the Communications industry in China. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥25.18, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 39x in the Communications industry in China. Total loss to shareholders of 22% over the past year. Annonce • Dec 30
Guangdong AVCiT Technology Holding Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.25 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.25 in 3Q 2022). Revenue: CN¥54.6m (up 14% from 3Q 2022). Net income: CN¥26.6m (up 22% from 3Q 2022). Profit margin: 49% (up from 45% in 3Q 2022). The increase in margin was driven by higher revenue. Annonce • Oct 14
Guangdong AVCiT Technology Holding Co., Ltd. Approves Management Elections Guangdong AVCiT Technology Holding Co., Ltd. at its Extraordinary General Meeting held on 12 October 2023 approved the election of Zhang Chengwang as non-independent director. The company approved the election of Chen Huiqin, Mao Yufeng and Hu Yongjian as independent director. The company approved the election of Liang Zhanyi and Chen Longguang as non-employee supervisors. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.28 in 2Q 2022). Revenue: CN¥46.0m (up 9.3% from 2Q 2022). Net income: CN¥17.4m (down 19% from 2Q 2022). Profit margin: 38% (down from 51% in 2Q 2022). The decrease in margin was driven by higher expenses. Annonce • Jul 01
Guangdong AVCiT Technology Holding Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Annonce • May 19
Guangdong AVCiT Technology Holding Co., Ltd. Approves Profit Distribution Proposal for 2022 Guangdong AVCiT Technology Holding Co., Ltd. at its AGM held on May 15, 2023, approved profit distribution proposal for 2022 as follows: Cash dividend per ten shares (tax included): CNY 4.00000000. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.20 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.16. Revenue: CN¥39.1m (up 6.8% from 1Q 2022). Net income: CN¥16.1m (up 10% from 1Q 2022). Profit margin: 41% (up from 40% in 1Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥29.30, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 47x in the Communications industry in China. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥37.71, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 48x in the Communications industry in China. Board Change • Nov 16
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. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: EPS: CN¥0.25. Net income: CN¥21.8m (up CN¥21.8m from 3Q 2021). Reported Earnings • Aug 29
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.28. Net income: CN¥21.6m (up CN¥21.6m from 2Q 2021). Annonce • Aug 26
Guangdong AVCiT Technology Holding Co., Ltd. to Report Q2, 2022 Results on Aug 29, 2022 Guangdong AVCiT Technology Holding Co., Ltd. announced that they will report Q2, 2022 results on Aug 29, 2022 Board Change • Aug 08
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. 
