Annonce • Apr 25
Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 19, 2026 Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: No. 66, Shengye Road, Jinniu District, Chengdu, Sichuan China New Risk • Apr 07
New major risk - Revenue and earnings growth Earnings have declined by 13% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.15 (up from CN¥0.15 in FY 2024). Revenue: CN¥980.3m (up 1.6% from FY 2024). Net income: CN¥64.8m (up 1.0% from FY 2024). Profit margin: 6.6% (down from 6.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Annonce • Mar 31
Chengdu Spaceon Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Jan 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Annonce • Dec 31
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Oct 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.017 (vs CN¥0.001 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.017 (up from CN¥0.001 in 3Q 2024). Revenue: CN¥218.2m (up 10.0% from 3Q 2024). Net income: CN¥6.91m (up CN¥6.43m from 3Q 2024). Profit margin: 3.2% (up from 0.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Sep 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.033 (vs CN¥0.051 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.033 (down from CN¥0.051 in 2Q 2024). Revenue: CN¥226.1m (down 17% from 2Q 2024). Net income: CN¥14.7m (down 40% from 2Q 2024). Profit margin: 6.5% (down from 9.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • Jul 02
Chengdu Spaceon Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Major Estimate Revision • Apr 18
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.59b to CN¥1.20b. EPS estimate fell from CN¥0.32 to CN¥0.23 per share. Net income forecast to grow 56% next year vs 56% growth forecast for Communications industry in China. Consensus price target down from CN¥19.82 to CN¥16.54. Share price fell 2.7% to CN¥13.21 over the past week. Price Target Changed • Apr 15
Price target decreased by 17% to CN¥16.54 Down from CN¥19.82, the current price target is provided by 1 analyst. New target price is 24% above last closing price of CN¥13.36. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.15 last year. Annonce • Apr 15
Chengdu Spaceon Electronics Co., Ltd. Proposes Final Dividend for 2024 Chengdu Spaceon Electronics Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2024. Annonce • Apr 14
Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 08, 2025 Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: No. 66, Shengye Road, Jinniu District, Chengdu, Sichuan China Reported Earnings • Apr 12
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.15 (down from CN¥0.20 in FY 2023). Revenue: CN¥964.4m (down 13% from FY 2023). Net income: CN¥64.2m (down 26% from FY 2023). Profit margin: 6.7% (down from 7.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Mar 31
Chengdu Spaceon Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.20 in FY 2023) Full year 2024 results: EPS: CN¥0.15 (down from CN¥0.20 in FY 2023). Revenue: CN¥964.4m (down 13% from FY 2023). Net income: CN¥64.2m (down 26% from FY 2023). Profit margin: 6.7% (down from 7.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Dec 31
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.013 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.013 in 3Q 2023). Revenue: CN¥198.3m (down 12% from 3Q 2023). Net income: CN¥483.9k (down 91% from 3Q 2023). Profit margin: 0.2% (down from 2.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Sep 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.38, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 34% over the past three years. New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥13.19, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 34% over the past three years. Annonce • Jun 29
Chengdu Spaceon Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥12.84, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 29x in the Communications industry in China. Total returns to shareholders of 1.2% over the past three years. Declared Dividend • Jun 15
Dividend of CN¥0.08 announced Shareholders will receive a dividend of CN¥0.08. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (33% 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 1.1% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 107% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.25 (down from CN¥0.32 in FY 2022). Revenue: CN¥1.11b (down 8.4% from FY 2022). Net income: CN¥87.2m (down 23% from FY 2022). Profit margin: 7.9% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 33%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications 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 increased by 14% per year, which means it is well ahead of earnings. Annonce • Apr 28
Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 17, 2024 Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: No. 66, Shengye Road, Jinniu District, Chengdu, Sichuan China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 financial budget report; to consider 2023 profit distribution plan; and to consider 2024 estimated continuing connected transactions. Annonce • Apr 27
Chengdu Spaceon Electronics Co., Ltd. Proposes Final Cash Dividend for 2023 Chengdu Spaceon Electronics Co., Ltd. proposed final cash dividend (tax included) for 2023 of CNY 3.50000000 per 10 shares. Annonce • Mar 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.33, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Communications industry in China. Total returns to shareholders of 4.0% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥15.17, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Communications industry in China. Total returns to shareholders of 3.1% over the past three years. Annonce • Dec 29
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Price Target Changed • Nov 29
Price target increased by 24% to CN¥35.28 Up from CN¥28.35, the current price target is provided by 1 analyst. New target price is 81% above last closing price of CN¥19.45. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.46 for next year compared to CN¥0.32 last year. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.027 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.027 in 3Q 2022). Revenue: CN¥225.5m (up 36% from 3Q 2022). Net income: CN¥5.54m (down 41% from 3Q 2022). Profit margin: 2.5% (down from 5.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications 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 increased by 8% per year, which means it is well ahead of earnings. Annonce • Sep 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Annonce • May 20
Chengdu Spaceon Electronics Co., Ltd. Approves Cash Dividend for the Year 2022 Chengdu Spaceon Electronics Co., Ltd. announced at annual general meeting held on May 18, 2023, the shareholders approved cash dividend of CNY 1.500000000 per ten shares (tax included) for the year 2022. Board Change • May 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Yong Fan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (3 non-independent directors). Employee Representative Supervisor Jing Ye is the most experienced director on the board, commencing their role in 2010. Independent Director Zhengguo Li was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥20.41, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 32x in the Communications industry in China. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥26.86, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 36x in the Communications industry in China. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥24.50, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 46x in the Communications industry in China. Total returns to shareholders of 40% over the past three years. Annonce • Jun 18
Chengdu Spaceon Electronics Co., Ltd. Implements Final Cash Dividend for 2021, Payable on 23 June 2022 Chengdu Spaceon Electronics Co., Ltd. implemented final cash dividend per 10 shares (tax included) of CNY 1.50000000 for 2021. Record date is 22 June 2022. Ex-date is 23 June 2022. Payment date is 23 June 2022. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥29.90, the stock trades at a trailing P/E ratio of 53.7x. Average trailing P/E is 39x in the Communications industry in China. Total returns to shareholders of 17% over the past three years. Annonce • May 24
Chengdu Spaceon Electronics Co., Ltd. Approves the Election Directors Chengdu Spaceon Electronics Co., Ltd. at its EGM held on May 20, 2022, approved the election of Chen Yuli as a non-independent director and Fan Yong as an independent director. Buying Opportunity • Apr 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be CN¥27.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years, while earnings per share has been flat. Annonce • Apr 09
Chengdu Spaceon Electronics Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Chengdu Spaceon Electronics Co., Ltd. proposed a final cash dividend of CNY 1.50000000 per 10 shares (tax included) for the year 2021. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥33.73, the stock trades at a trailing P/E ratio of 60.8x. Average trailing P/E is 45x in the Communications industry in China. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥38.49, the stock trades at a trailing P/E ratio of 72.4x. Average trailing P/E is 50x in the Communications industry in China. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥27.50, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 49x in the Communications industry in China. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥24.68, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 49x in the Communications industry in China. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥23.66, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 46x in the Communications industry in China. Negligible returns to shareholders over past year. Annonce • Mar 10
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2020 Results on Apr 23, 2021 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2020 results on Apr 23, 2021 Is New 90 Day High Low • Mar 09
New 90-day low: CN¥21.10 The company is down 11% from its price of CN¥23.74 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 15% over the same period. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥22.49 The company is down 7.0% from its price of CN¥24.28 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 18% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: CN¥27.39 The company is up 9.0% from its price of CN¥25.05 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 10.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥23.59 The company is down 11% from its price of CN¥26.55 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥24.10 The company is down 21% from its price of CN¥30.70 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 15% over the same period. Annonce • Aug 13
Chengdu Spaceon Electronics Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Chengdu Spaceon Electronics Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020