New Risk • Jul 02
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 Profit margins are more than 30% lower than last year (4.1% net profit margin). Annonce • Jun 30
Gettop Acoustic Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Gettop Acoustic Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Declared Dividend • May 27
Dividend of CN¥0.03 announced Dividend of CN¥0.03 is the same as last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 0.08%, which is lower than the industry average of 1.8%. New Risk • Apr 30
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 Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). 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: 4.1% Last year net profit margin: 6.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 17
Full year 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.22 in FY 2024) Full year 2025 results: EPS: CN¥0.21 (down from CN¥0.22 in FY 2024). Revenue: CN¥1.44b (up 19% from FY 2024). Net income: CN¥74.2m (down 5.9% from FY 2024). Profit margin: 5.2% (down from 6.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Annonce • Apr 17
Gettop Acoustic Co., Ltd., Annual General Meeting, May 15, 2026 Gettop Acoustic Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: No. 68, Fengshan Road, Fangzi District, Weifang, Shandong China Annonce • Mar 31
Gettop Acoustic Co., Ltd. to Report Q1, 2026 Results on Apr 17, 2026 Gettop Acoustic Co., Ltd. announced that they will report Q1, 2026 results on Apr 17, 2026 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.60, the stock trades at a trailing P/E ratio of 60.1x. Average trailing P/E is 60x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years. Annonce • Feb 04
Shanghai Weihao Chuangxin Investment Management Co., Ltd. acquired 5.24% stake in Gettop Acoustic Co., Ltd. (SZSE:002655) from Wuxi Weigan Semiconductor Co., Ltd. Shanghai Weihao Chuangxin Investment Management Co., Ltd. signed the share transfer agreement to acquire 5.24% stake in Gettop Acoustic Co., Ltd. (SZSE:002655) from Wuxi Weigan Semiconductor Co., Ltd. for CNY 228.57 million on December 26, 2025. A cash consideration of CNY 228.57 million valued at CNY 12.03 per share will be paid by Shanghai Weihao Chuangxin Investment Management Co., Ltd. As part of consideration, CNY 228.57 million is paid towards common equity of Gettop Acoustic Co., Ltd.
Shanghai Weihao Chuangxin Investment Management Co., Ltd. completed the acquisition of 5.24% stake in Gettop Acoustic Co., Ltd. (SZSE:002655) from Wuxi Weigan Semiconductor Co., Ltd. on February 2, 2026. Annonce • Dec 31
Gettop Acoustic Co., Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 Gettop Acoustic Co., Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 New Risk • Oct 24
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.0% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.0% operating cash flow to total debt). High level of non-cash earnings (23% accrual ratio). Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.056 (vs CN¥0.064 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.056 (down from CN¥0.064 in 3Q 2024). Revenue: CN¥387.6m (up 16% from 3Q 2024). Net income: CN¥20.0m (down 14% from 3Q 2024). Profit margin: 5.2% (down from 7.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Gettop Acoustic Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Gettop Acoustic Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.059 (vs CN¥0.05 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.059 (up from CN¥0.05 in 2Q 2024). Revenue: CN¥362.5m (up 32% from 2Q 2024). Net income: CN¥21.2m (up 18% from 2Q 2024). Profit margin: 5.9% (down from 6.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jul 02
Gettop Acoustic Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Gettop Acoustic Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • May 25
Dividend of CN¥0.03 announced Dividend of CN¥0.03 is the same as last year. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥11.22, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 22% over the past three years. Annonce • Apr 04
Gettop Acoustic Co., Ltd. Proposes Final Cash Distribution for 2024 Gettop Acoustic Co., Ltd. announced on 03 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY0.30000000. New Risk • Apr 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in FY 2023) Full year 2024 results: EPS: CN¥0.22 (up from CN¥0.15 in FY 2023). Revenue: CN¥1.21b (up 21% from FY 2023). Net income: CN¥78.9m (up 42% from FY 2023). Profit margin: 6.5% (up from 5.6% in FY 2023). 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 8% per year. Annonce • Apr 03
Gettop Acoustic Co., Ltd., Annual General Meeting, Apr 24, 2025 Gettop Acoustic Co., Ltd., Annual General Meeting, Apr 24, 2025, at 14:00 China Standard Time. Location: No. 68, Fengshan Road, Fangzi District, Weifang, Shandong China Annonce • Mar 31
Gettop Acoustic Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Gettop Acoustic Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 New Risk • Mar 28
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥15.53, the stock trades at a trailing P/E ratio of 69.6x. Average trailing P/E is 53x in the Electronic industry in China. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.70, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.50, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 43x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years. Annonce • Dec 31
Gettop Acoustic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 03, 2025 Gettop Acoustic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 03, 2025 Annonce • Nov 20
Gettop Acoustic Co., Ltd. (SZSE:002655) signed Share Transfer Agreement to acquire remaining 10% stake in Gettop (Zhejiang) Acoustic Co., Ltd. from Shanghai Century Xinchen Consulting Management Partnership Enterprise (L.P.) for CNY 0. Gettop Acoustic Co., Ltd. (SZSE:002655) signed Share Transfer Agreement to acquire remaining 10% stake in Gettop (Zhejiang) Acoustic Co., Ltd. from Shanghai Century Xinchen Consulting Management Partnership Enterprise (L.P.) for CNY 0 on November 18, 2024. Upon completion, Gettop Acoustic Co., Ltd. will own 100% stake in Gettop (Zhejiang) Acoustic Co., Ltd.
As of September 30, 2024, Gettop (Zhejiang) Acoustic Co., Ltd. reported total assets of CNY 134.42 million and total common equity of CNY 84.53 million. The transaction has been approved by the board of Gettop Acoustic. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.064 (vs CN¥0.026 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.064 (up from CN¥0.026 in 3Q 2023). Revenue: CN¥333.5m (down 9.9% from 3Q 2023). Net income: CN¥23.2m (up 146% from 3Q 2023). Profit margin: 7.0% (up from 2.5% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% 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 23% After last week's 23% share price gain to CN¥13.54, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 15% over the past three years. Annonce • Sep 30
Gettop Acoustic Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Gettop Acoustic Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 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¥11.39, the stock trades at a trailing P/E ratio of 61.7x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 5.4% over the past three years. New Risk • Aug 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.038 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (up from CN¥0.038 in 2Q 2023). Revenue: CN¥274.2m (down 12% from 2Q 2023). Net income: CN¥18.0m (up 32% from 2Q 2023). Profit margin: 6.6% (up from 4.4% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% 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. New Risk • Jul 09
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 8.2% 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 • Jun 29
Gettop Acoustic Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Gettop Acoustic Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥9.65, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 6.8% over the past three years. Board Change • May 11
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Employee Supervisor Zhengyang Lu 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 • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.048 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.048 (up from CN¥0.03 in 1Q 2023). Revenue: CN¥258.9m (down 5.8% from 1Q 2023). Net income: CN¥17.2m (up 61% from 1Q 2023). Profit margin: 6.6% (up from 3.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.76, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 18% over the past three years. Annonce • Apr 05
Gettop Acoustic Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Gettop Acoustic Co., Ltd. proposed final cash dividend of CNY 0.3000000 per 10 shares (tax included) for the year 2023. Annonce • Apr 03
Gettop Acoustic Co., Ltd., Annual General Meeting, Apr 24, 2024 Gettop Acoustic Co., Ltd., Annual General Meeting, Apr 24, 2024, at 14:00 China Standard Time. Location: No. 68, Fengshan Road, Fangzi District, Weifang, Shandong China Reported Earnings • Apr 03
Full year 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.17 in FY 2022) Full year 2023 results: EPS: CN¥0.15 (down from CN¥0.17 in FY 2022). Revenue: CN¥997.6m (up 3.6% from FY 2022). Net income: CN¥55.7m (down 10% from FY 2022). Profit margin: 5.6% (down from 6.4% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annonce • Mar 30
Gettop Acoustic Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Gettop Acoustic Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Annonce • Dec 30
Gettop Acoustic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Gettop Acoustic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 New Risk • Oct 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.7% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.051 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.026 (down from CN¥0.051 in 3Q 2022). Revenue: CN¥370.1m (up 62% from 3Q 2022). Net income: CN¥9.43m (down 53% from 3Q 2022). Profit margin: 2.5% (down from 8.9% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Aug 26
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 6.1% 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 (6.1% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.084 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.038 (down from CN¥0.084 in 2Q 2022). Revenue: CN¥309.7m (up 38% from 2Q 2022). Net income: CN¥13.7m (down 47% from 2Q 2022). Profit margin: 4.4% (down from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Annonce • Jul 06
Gettop Acoustic Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 11, 2023 Gettop Acoustic Co., Ltd. announced final cash dividend of CNY 0.40 per 10 shares on A shares for the year 2022. Record date is July 10, 2023, Ex-Date is July 11, 2023 and Payment Date is July 11, 2023. Annonce • Jul 01
Gettop Acoustic Co., Ltd. to Report Q2, 2023 Results on Aug 22, 2023 Gettop Acoustic Co., Ltd. announced that they will report Q2, 2023 results on Aug 22, 2023 Annonce • May 19
Gettop Acoustic Co., Ltd. Approves the Cash Dividend for the Year 2022 Gettop Acoustic Co., Ltd. approved the cash dividend of CNY 0.400 (tax included) per 10 shares for the year 2022, at the AGM held on May 17, 2023. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥12.92, the stock trades at a trailing P/E ratio of 65.3x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 6.7% over the past three years. Annonce • Nov 24
Gettop Acoustic Co., Ltd. announced that it expects to receive CNY 499.999996 million in funding from Wuxi Weigan Semiconductor Co., Ltd. Gettop Acoustic Co., Ltd. announced a private placement of not more than 51,387,461 A shares at an issue price of CNY 9.73 per share for gross proceeds of not more than CNY 500,000,000 on November 22, 2022. The company has signed share subscription agreement with the investor. The transaction includes participation from existing investor, Wuxi Weigan Semiconductor Co., Ltd. The shares cannot be transferred within 18 months from the issuance closing date. The transaction has been approved by the board of directors in its 14th Meeting of the 5th Directorate and the 14th Meeting of the 5th Supervisory Board. The transaction is subject to the approvals of the company’s Shareholders and the China Securities Regulatory Commission. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. No highly experienced directors. Independent Director Buxiang Yang 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 • Oct 27
Gettop Acoustic Co., Ltd. (SZSE:002655) agreed to acquire Wuxi Ganxin Technology Co., Ltd. from Wuxi Weigan Semiconductor Co., Ltd. for approximately CNY 200 million. Gettop Acoustic Co., Ltd. (SZSE:002655) agreed to acquire Wuxi Ganxin Technology Co., Ltd. from Wuxi Weigan Semiconductor Co., Ltd. for approximately CNY 200 million on October 25, 2022. Consideration will be paid from Gettop Acoustic's own fund. For the period September 30, 2022, Wuxi Ganxin had CNY 73 million of total assets and CNY 69.33 million of Shareholders' Equity. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.022 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.051 (up from CN¥0.022 in 3Q 2021). Revenue: CN¥228.4m (down 2.3% from 3Q 2021). Net income: CN¥20.2m (up 142% from 3Q 2021). Profit margin: 8.9% (up from 3.6% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.084 (vs CN¥0.07 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.084 (up from CN¥0.07 in 2Q 2021). Revenue: CN¥224.5m (down 1.1% from 2Q 2021). Net income: CN¥25.8m (up 2.1% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥11.29, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 30x in the Electronic industry in China. Total returns to shareholders of 37% over the past three years. Board Change • Apr 27
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Non-Independent Director Long Liang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 13
Gettop Acoustic Co., Ltd., Annual General Meeting, May 10, 2022 Gettop Acoustic 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 report and its summary; to consider 2021 annual accounts; and to consider 2021 profit distribution plan; and thereof. Reported Earnings • Apr 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.18 (up from CN¥0.13 in FY 2020). Revenue: CN¥936.8m (down 21% from FY 2020). Net income: CN¥65.6m (up 43% from FY 2020). Profit margin: 7.0% (up from 3.9% in FY 2020). Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 60%. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥17.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. The company has become profitable over the last 3 years. Buying Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be CN¥17.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. The company has become profitable over the last 3 years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥15.60, the stock trades at a trailing P/E ratio of 69.7x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 93% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.022 (vs CN¥0.06 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥233.8m (down 31% from 3Q 2020). Net income: CN¥8.35m (down 58% from 3Q 2020). Profit margin: 3.6% (down from 5.9% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.85, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 112% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.036 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥227.0m (down 15% from 2Q 2020). Net income: CN¥25.3m (up 194% from 2Q 2020). Profit margin: 11% (up from 3.2% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥10.30, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 51% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.01 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¥231.6m (up 2.9% from 1Q 2020). Net income: CN¥24.9m (up CN¥29.7m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.13 (vs CN¥0.09 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.18b (up 20% from FY 2019). Net income: CN¥45.9m (up 49% from FY 2019). Profit margin: 3.9% (up from 3.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annonce • Feb 20
Gettop Acoustic Co., Ltd. to Report Fiscal Year 2020 Results on Mar 24, 2021 Gettop Acoustic Co., Ltd. announced that they will report fiscal year 2020 results on Mar 24, 2021 Is New 90 Day High Low • Feb 02
New 90-day low: CN¥6.30 The company is down 25% from its price of CN¥8.35 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Reported Earnings • Jan 21
Full year 2020 earnings released: EPS CN¥0.11 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.18b (up 20% from FY 2019). Net income: CN¥40.2m (up 31% from FY 2019). Profit margin: 3.4% (up from 3.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥6.42 The company is down 26% from its price of CN¥8.66 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 23
New 90-day low: CN¥7.77 The company is down 6.0% from its price of CN¥8.31 on 24 September 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 down 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥38.1m, up 14% from the prior year. Total revenue was CN¥1.12b over the last 12 months, up 25% from the prior year. Annonce • Oct 20
Gettop Acoustic Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Gettop Acoustic Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Annonce • Aug 11
Gettop Acoustic Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Gettop Acoustic Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020