Declared Dividend • May 14
Dividend of CN¥0.02 announced Dividend of CN¥0.02 is the same as last year. Ex-date: 19th May 2026 Payment date: 19th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (13% 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 decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 101% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥0.05 (down from CN¥0.08 in 1Q 2025). Revenue: CN¥12.6b (up 10.0% from 1Q 2025). Net income: CN¥391.6m (down 31% from 1Q 2025). Profit margin: 3.1% (down from 4.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 08
Now 25% overvalued Over the last 90 days, the stock has fallen 19% to CN¥13.33. The fair value is estimated to be CN¥10.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Major Estimate Revision • Apr 07
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from CN¥0.528 to CN¥0.473 per share. Revenue forecast steady at CN¥63.5b. Net income forecast to grow 42% next year vs 49% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥17.20. Share price was steady at CN¥12.62 over the past week. Annonce • Mar 31
Lingyi iTech (Guangdong) Company to Report Q1, 2026 Results on Apr 30, 2026 Lingyi iTech (Guangdong) Company announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 30
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.33 (up from CN¥0.25 in FY 2024). Revenue: CN¥51.4b (up 16% from FY 2024). Net income: CN¥2.29b (up 30% from FY 2024). Profit margin: 4.4% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥18.33, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 290% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.13 per share. Price Target Changed • Jan 05
Price target increased by 7.4% to CN¥17.10 Up from CN¥15.92, the current price target is an average from 5 analysts. New target price is 10% above last closing price of CN¥15.54. Stock is up 110% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.25 last year. Annonce • Dec 31
Lingyi iTech (Guangdong) Company to Report Fiscal Year 2025 Results on Mar 28, 2026 Lingyi iTech (Guangdong) Company announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS in line with expectations, revenues disappoint Third quarter 2025 results: EPS: CN¥0.16 (up from CN¥0.097 in 3Q 2024). Revenue: CN¥14.0b (up 13% from 3Q 2024). Net income: CN¥1.01b (up 39% from 3Q 2024). Profit margin: 7.2% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 30
Lingyi iTech (Guangdong) Company to Report Q3, 2025 Results on Oct 30, 2025 Lingyi iTech (Guangdong) Company announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 26
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 9.0% 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. This is currently the only risk that has been identified for the company. Annonce • Sep 18
Lingyi iTech (Guangdong) Company Approves Interim Cash Dividend for the Year 2025 Lingyi iTech (Guangdong) Company at its Extraordinary General Meeting held on 16 September 2025, approved interim cash dividend/10 shares (tax included) of CNY 0.20000000 for the year 2025. Annonce • Sep 02
Lingyi Itech (Guangdong) Company Proposes Interim Cash Dividend for 2025 Lingyi iTech (Guangdong) Company at 3rd Extraordinary General Meeting of 2025 at 14:30 on 16 September 2025 proposed 2025 interim profit distribution plan. The detailed profit distribution plan are as follows: Cash dividend/10 shares (tax included) of CNY 0.20000000. Reported Earnings • Sep 01
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: CN¥0.05 (up from CN¥0.032 in 2Q 2024). Revenue: CN¥12.1b (up 30% from 2Q 2024). Net income: CN¥364.7m (up 58% from 2Q 2024). Profit margin: 3.0% (up from 2.5% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 13% 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 increased by 6% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 25
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 6.7% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Aug 22
Price target increased by 12% to CN¥10.72 Up from CN¥9.58, the current price target is an average from 5 analysts. New target price is 13% below last closing price of CN¥12.33. Stock is up 72% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.25 last year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥12.24, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.04 per share. Buy Or Sell Opportunity • Aug 18
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 33% to CN¥11.13. The fair value is estimated to be CN¥9.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Major Estimate Revision • Jul 10
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.398 to CN¥0.348. Revenue forecast unchanged from CN¥51.7b at last update. Net income forecast to grow 40% next year vs 46% growth forecast for Electronic industry in China. Consensus price target up from CN¥9.32 to CN¥9.58. Share price fell 5.1% to CN¥8.85 over the past week. Annonce • Jul 02
Lingyi iTech (Guangdong) Company to Report First Half, 2025 Results on Aug 30, 2025 Lingyi iTech (Guangdong) Company announced that they will report first half, 2025 results on Aug 30, 2025 Upcoming Dividend • Apr 30
Upcoming dividend of CN¥0.02 per share Eligible shareholders must have bought the stock before 07 May 2025. Payment date: 07 May 2025. Payout ratio is a comfortable 7.7% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (1.4%). Annonce • Apr 16
Lingyi iTech (Guangdong) Company (SZSE:002600) announces an Equity Buyback for CNY 400 million worth of its shares. Lingyi iTech (Guangdong) Company (SZSE:002600) announces a share repurchase program. Under the program, the company will repurchase up to CNY 400 million worth of shares. The price of the repurchased shares will not exceed CNY 13.18 per share. The purpose of this repurchase is employee stock ownership plan or equity incentive. The program will be funded from company's own funds and a special loan for the share repurchase. The program is valid for 12 months. Buy Or Sell Opportunity • Apr 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to CN¥6.84. The fair value is estimated to be CN¥8.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. New Risk • Apr 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 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: 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 (4.0% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥7.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.99 per share. Annonce • Apr 01
Lingyi iTech (Guangdong) Company Proposes Final Cash Dividend for the Year 2024 Lingyi iTech (Guangdong) Company announced on 31 March 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 0.20000000. Annonce • Mar 31
Lingyi iTech (Guangdong) Company to Report Q1, 2025 Results on Apr 29, 2025 Lingyi iTech (Guangdong) Company announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥0.25 (down from CN¥0.29 in FY 2023). Revenue: CN¥44.2b (up 30% from FY 2023). Net income: CN¥1.75b (down 14% from FY 2023). Profit margin: 4.0% (down from 6.0% in FY 2023). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 3 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 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Mar 29
Lingyi iTech (Guangdong) Company, Annual General Meeting, Apr 22, 2025 Lingyi iTech (Guangdong) Company, Annual General Meeting, Apr 22, 2025, at 14:30 China Standard Time. Location: 15F, Lingyi Building, Futian District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.16, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.31 per share. Annonce • Dec 31
Lingyi iTech (Guangdong) Company to Report Fiscal Year 2024 Results on Mar 15, 2025 Lingyi iTech (Guangdong) Company announced that they will report fiscal year 2024 results on Mar 15, 2025 Buy Or Sell Opportunity • Dec 31
Now 22% undervalued Over the last 90 days, the stock has risen 6.5% to CN¥8.00. The fair value is estimated to be CN¥10.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Reported Earnings • Oct 31
Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2024 results: EPS: CN¥0.099 (up from CN¥0.09 in 3Q 2023). Revenue: CN¥12.4b (up 32% from 3Q 2023). Net income: CN¥712.8m (up 15% from 3Q 2023). Profit margin: 5.8% (down from 6.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 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 10% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.44, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.34 per share. Annonce • Sep 30
Lingyi iTech (Guangdong) Company to Report Q3, 2024 Results on Oct 31, 2024 Lingyi iTech (Guangdong) Company 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 23% After last week's 23% share price gain to CN¥7.51, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.25 per share. Buy Or Sell Opportunity • Sep 11
Now 22% undervalued Over the last 90 days, the stock has risen 25% to CN¥6.50. The fair value is estimated to be CN¥8.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 7.0%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Reported Earnings • Aug 30
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.032 (down from CN¥0.09 in 2Q 2023). Revenue: CN¥9.32b (up 15% from 2Q 2023). Net income: CN¥231.3m (down 62% from 2Q 2023). Profit margin: 2.5% (down from 7.4% in 2Q 2023). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 15% p.a. on average during the next 3 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 7% per year whereas the company’s share price has increased by 6% per year. New Risk • Aug 21
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 9.1% 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 (9.1% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Aug 21
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to CN¥7.16. The fair value is estimated to be CN¥5.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. 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 8.0% 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: 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 (8.0% average weekly change). Price Target Changed • Jul 15
Price target increased by 11% to CN¥7.28 Up from CN¥6.53, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥7.12. Stock is up 2.0% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.29 last year. Major Estimate Revision • Jul 15
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥42.8b to CN¥42.0b. EPS estimate also fell from CN¥0.355 per share to CN¥0.311 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Electronic industry in China. Consensus price target of CN¥7.28 unchanged from last update. Share price was steady at CN¥7.12 over the past week. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥6.81, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.93 per share. Buy Or Sell Opportunity • Jul 01
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥6.81. The fair value is estimated to be CN¥4.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Annonce • Jun 29
Lingyi iTech (Guangdong) Company to Report First Half, 2024 Results on Aug 30, 2024 Lingyi iTech (Guangdong) Company announced that they will report first half, 2024 results on Aug 30, 2024 Buy Or Sell Opportunity • Jun 26
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CN¥6.06. The fair value is estimated to be CN¥4.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.63, 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 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.80 per share. Price Target Changed • Jun 08
Price target decreased by 14% to CN¥6.53 Down from CN¥7.58, the current price target is an average from 3 analysts. New target price is 38% above last closing price of CN¥4.75. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.38 for next year compared to CN¥0.29 last year. Annonce • May 25
Lingyi iTech (Guangdong) Company Implements Final Cash Dividend on A Shares for 2023, Payable on 30 May 2024 Lingyi iTech (Guangdong) Company implemented final cash dividend on A shares of CNY 0.30000000 per 10 shares (tax included) for 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Major Estimate Revision • May 06
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥43.7b to CN¥44.3b. EPS estimate fell from CN¥0.438 to CN¥0.394 per share. Net income forecast to grow 57% next year vs 60% growth forecast for Electronic industry in China. Consensus price target down from CN¥7.58 to CN¥7.25. Share price fell 4.8% to CN¥5.21 over the past week. Annonce • May 02
Lingyi Itech (Guangdong) Company Proposes Final Dividend for 2023 Lingyi iTech (Guangdong) Company announced on 30 April 2024 the profit distribution proposal for 2023 as follows: Final cash dividend/10 shares (tax included): CNY 0.30000000. Annonce • May 01
Lingyi iTech (Guangdong) Company, Annual General Meeting, May 20, 2024 Lingyi iTech (Guangdong) Company, Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, Block B, Kingkey Timemark Square, Futian District, Shenzhen, Guangdong China Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.23 in FY 2022) Full year 2023 results: EPS: CN¥0.29 (up from CN¥0.23 in FY 2022). Revenue: CN¥34.1b (down 1.0% from FY 2022). Net income: CN¥2.05b (up 28% from FY 2022). Profit margin: 6.0% (up from 4.6% in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Annonce • Mar 30
Lingyi iTech (Guangdong) Company to Report Q1, 2024 Results on Apr 30, 2024 Lingyi iTech (Guangdong) Company announced that they will report Q1, 2024 results on Apr 30, 2024 Annonce • Mar 12
Lingyi iTech (Guangdong) Company (SZSE:002600) announces an Equity Buyback for CNY 100 million worth of its shares. Lingyi iTech (Guangdong) Company (SZSE:002600) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The price of the repurchased shares will not exceed CNY 7.50 per share. The purpose of this repurchase is employee stock ownership plan or equity incentive. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 49% over the past three years. Annonce • Dec 30
Lingyi iTech (Guangdong) Company to Report Fiscal Year 2023 Results on Apr 13, 2024 Lingyi iTech (Guangdong) Company announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.094 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.09 (down from CN¥0.094 in 3Q 2022). Revenue: CN¥9.36b (down 5.1% from 3Q 2022). Net income: CN¥621.5m (down 17% from 3Q 2022). Profit margin: 6.6% (down from 7.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% 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 but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Annonce • Oct 13
Lingyi Itech (Guangdong) Company Announces Cash Dividend for the Year 2023, Payable on October 19, 2023 Lingyi Itech (Guangdong) Company Announces Cash dividend/10 shares (tax included): CNY 0.30000000 for 2023. Record date: 18 October 2023, Ex-date: 19 October 2023, Payment date: 19 October 2023. Annonce • Sep 30
Lingyi iTech (Guangdong) Company to Report Q3, 2023 Results on Oct 28, 2023 Lingyi iTech (Guangdong) Company announced that they will report Q3, 2023 results on Oct 28, 2023 Annonce • Sep 14
Lingyi Itech (Guangdong) Company Announces Cash Dividend for the Year 2023 Lingyi iTech (Guangdong) Company announced that 5th Extraordinary General Meeting of 2023 on 12 September 2023, Cash dividend/10 shares (tax included): CNY 0.30000000. Major Estimate Revision • Aug 31
Consensus EPS estimates increase by 24%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥38.7b to CN¥35.0b. EPS estimate rose from CN¥0.314 to CN¥0.39. Net income forecast to grow 21% next year vs 62% growth forecast for Electronic industry in China. Consensus price target up from CN¥5.20 to CN¥6.25. Share price rose 5.6% to CN¥6.02 over the past week. Annonce • Aug 26
Lingyi Itech (Guangdong) Company Proposes Dividend First Half of 2023 Lingyi iTech (Guangdong) Company announced on 25 August 2023 the profit distribution proposal for the first half of 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.30000000. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.029 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.029 in 2Q 2022). Revenue: CN¥8.07b (up 4.3% from 2Q 2022). Net income: CN¥601.4m (up 233% from 2Q 2022). Profit margin: 7.4% (up from 2.3% in 2Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Annonce • Jul 01
Lingyi Itech (Guangdong) Company Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 7, 2023 Lingyi iTech (Guangdong) Company announced final cash dividend of CNY 1.15501700 per 10 shares on A shares for the year 2022. Record date is July 6, 2023, Ex-Date is July 7, 2023 and Payment Date is July 7, 2023. Annonce • May 25
Lingyi Itech (Guangdong) Company Approves Dividend for 2022 Lingyi iTech (Guangdong) Company announced at the AGM held on May 22, 2023 that the company approved Cash dividend/10 shares (tax included) of CNY1.15000000 for 2022. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.04 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.04 in 1Q 2022). Revenue: CN¥7.21b (up 2.1% from 1Q 2022). Net income: CN¥646.7m (up 115% from 1Q 2022). Profit margin: 9.0% (up from 4.3% in 1Q 2022). Revenue is forecast to grow 17% 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 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Price Target Changed • Feb 03
Price target increased by 28% to CN¥5.00 Up from CN¥3.90, the current price target is an average from 2 analysts. New target price is 12% below last closing price of CN¥5.67. Stock is down 7.7% over the past year. The company is forecast to post earnings per share of CN¥0.22 for next year compared to CN¥0.17 last year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Jiancheng Liu 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. Insufficient board refreshment. Major Estimate Revision • Nov 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.22 to CN¥0.26. Revenue forecast steady at CN¥34.9b. Net income forecast to grow 78% next year vs 55% growth forecast for Electronic industry in China. Consensus price target of CN¥4.10 unchanged from last update. Share price rose 7.1% to CN¥4.83 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.094 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.094 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥9.86b (up 11% from 3Q 2021). Net income: CN¥744.7m (down 15% from 3Q 2021). Profit margin: 7.5% (down from 9.8% in 3Q 2021). Revenue is forecast to grow 15% 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 fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Sep 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥35.5b to CN¥34.9b. EPS estimate rose from CN¥0.19 to CN¥0.22. Net income forecast to grow 41% next year vs 47% growth forecast for Electronic industry in China. Consensus price target up from CN¥3.90 to CN¥4.10. Share price fell 7.6% to CN¥5.11 over the past week. Major Estimate Revision • Sep 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CN¥32.1b to CN¥35.5b. EPS estimate fell from CN¥0.22 to CN¥0.19. Net income forecast to grow 30% next year vs 46% growth forecast for Electronic industry in China. Consensus price target of CN¥3.90 unchanged from last update. Share price was steady at CN¥5.42 over the past week. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.01 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.029 (up from CN¥0.01 loss in 2Q 2021). Revenue: CN¥7.74b (up 23% from 2Q 2021). Net income: CN¥180.6m (up CN¥247.2m from 2Q 2021). Profit margin: 2.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. 
