Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥13.01, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 5.2% over the past three years. New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (8.5% average weekly change). Declared Dividend • May 20
Dividend reduced to CN¥0.25 Dividend of CN¥0.25 is 50% lower than last year. Ex-date: 22nd May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.07 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.07 (down from CN¥0.11 in 1Q 2025). Revenue: CN¥609.2m (down 13% from 1Q 2025). Net income: CN¥29.7m (down 32% from 1Q 2025). Profit margin: 4.9% (down from 6.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic 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 2% per year, which means it is well ahead of earnings. Annonce • Apr 23
Goldcard Smart Group Co., Ltd., Annual General Meeting, May 13, 2026 Goldcard Smart Group Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: No. 161, Yuancheng Road, Qiantang District, Hangzhou, Zhejiang China Annonce • Mar 31
Goldcard Smart Group Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Goldcard Smart Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 New Risk • Mar 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 9.9% 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 (9.9% average weekly change). Minor Risks Dividend is not well covered by cash flows (188% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.4% net profit margin). 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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (188% cash payout ratio). Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.4% net profit margin). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥19.88, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 112% over the past three years. Annonce • Dec 31
Goldcard Smart Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Goldcard Smart Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.17 (vs CN¥0.19 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.17 (down from CN¥0.19 in 3Q 2024). Revenue: CN¥816.2m (up 9.1% from 3Q 2024). Net income: CN¥71.7m (down 10.0% from 3Q 2024). Profit margin: 8.8% (down from 11% in 3Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Sep 30
Goldcard Smart Group Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Goldcard Smart Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Sep 07
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: 8.9% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.9% net profit margin). Annonce • Jul 02
Goldcard Smart Group Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Board Change • Jun 12
High number of new directors There are 6 new directors who have joined the board in the last 3 years. VP, CFO, Accounting Supervisor, Secretary & Directors Lingling Li was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 22
Dividend of CN¥0.50 announced Dividend of CN¥0.50 is the same as last year. Ex-date: 26th May 2025 Payment date: 26th May 2025 Dividend yield will be 4.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (117% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% 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 Dividend is not well covered by cash flows (117% cash payout ratio). Large one-off items impacting financial results. Price Target Changed • Apr 28
Price target decreased by 11% to CN¥16.66 Down from CN¥18.63, the current price target is provided by 1 analyst. New target price is 46% above last closing price of CN¥11.39. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.98 for next year compared to CN¥0.87 last year. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.24 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.24 in 1Q 2024). Revenue: CN¥702.0m (down 2.3% from 1Q 2024). Net income: CN¥43.7m (down 56% from 1Q 2024). Profit margin: 6.2% (down from 14% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 18% 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 increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Apr 25
Goldcard Smart Group Co., Ltd., Annual General Meeting, May 15, 2025 Goldcard Smart Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: No. 161, Yuancheng Road, Qiantang District, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.09, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 9.5% over the past three years. Annonce • Mar 31
Goldcard Smart Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Goldcard Smart Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Annonce • Jan 11
Goldcard Smart Group Co., Ltd. Announces Board Appointments Goldcard Smart Group Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 09 January 2025 were approved; Election of independent directors, Li Jianxun, independent director, Shi Haina, independent director and Tang Guohua, independent director and Chen Shijian as non-employee supervisor. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. VP & Non-Independent Director Zhongjin Liu was the last 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: Insufficient board refreshment. Annonce • Dec 31
Goldcard Smart Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Goldcard Smart Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.22 in 3Q 2023). Revenue: CN¥747.8m (down 9.6% from 3Q 2023). Net income: CN¥79.7m (down 12% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 21% 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 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 24
Price target increased by 12% to CN¥17.82 Up from CN¥15.93, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥14.25. Stock is up 14% over the past year. The company is forecast to post earnings per share of CN¥1.14 for next year compared to CN¥1.00 last year. Annonce • Sep 30
Goldcard Smart Group Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Goldcard Smart Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥13.37, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.16 per share. Price Target Changed • Aug 17
Price target decreased by 9.8% to CN¥15.93 Down from CN¥17.66, the current price target is an average from 2 analysts. New target price is 48% above last closing price of CN¥10.73. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.17 for next year compared to CN¥1.00 last year. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥765.2m (down 6.1% from 2Q 2023). Net income: CN¥119.1m (down 5.5% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 22% 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 37% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Goldcard Smart Group Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Annonce • May 15
Goldcard Smart Group Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 20 May 2024 Goldcard Smart Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 5.00000000 on A shares for the year 2023. Record date: 17 May 2024. Ex-date: 20 May 2024. Payment date: 20 May 2024. Annonce • May 12
Goldcard Smart Group Co., Ltd. Approves Cash Dividend for 2023 Goldcard Smart Group Co., Ltd. announced at the AGM held on May 9, 2024, approved Cash dividend/10 shares (tax included): CNY5.00000000 for 2023. Annonce • Apr 19
Goldcard Smart Group Co., Ltd., Annual General Meeting, May 09, 2024 Goldcard Smart Group Co., Ltd., Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥718.7m (up 13% from 1Q 2023). Net income: CN¥99.0m (up 22% from 1Q 2023). Profit margin: 14% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% 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 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Mar 30
Goldcard Smart Group Co., Ltd. to Report Q1, 2024 Results on Apr 18, 2024 Goldcard Smart Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 6.5% over the past three years. Annonce • Dec 30
Goldcard Smart Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Goldcard Smart Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥827.5m (up 21% from 3Q 2022). Net income: CN¥90.8m (up 36% from 3Q 2022). Profit margin: 11% (up from 9.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% 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 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 07
Price target increased by 9.2% to CN¥16.29 Up from CN¥14.92, the current price target is an average from 3 analysts. New target price is 26% above last closing price of CN¥12.95. Stock is up 31% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.64 last year. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.22 in 2Q 2022). Revenue: CN¥814.4m (up 16% from 2Q 2022). Net income: CN¥126.0m (up 28% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% 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 increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Jul 14
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 6.8% 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 (6.8% average weekly change). Annonce • Jul 01
Goldcard Smart Group Co., Ltd. to Report First Half, 2023 Results on Aug 10, 2023 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Annonce • Jun 16
Goldcard Smart Group Co., Ltd. Implements Final Cash Dividend of A Shares for 2022, Payable on June 21, 2023 Goldcard Smart Group Co., Ltd. implemented final cash dividend of CNY 1.00000000 per 10 A shares (tax included) for 2022. Record date: 20 June 2023; Ex-date: 21 June 2023; Payment date: 21 June 2023. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.96, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 1.3% over the past three years. Reported Earnings • Apr 24
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥0.64 (up from CN¥0.63 in FY 2021). Revenue: CN¥2.74b (up 19% from FY 2021). Net income: CN¥270.5m (up 1.4% from FY 2021). Profit margin: 9.9% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 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 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 07
Price target increased by 9.7% to CN¥12.95 Up from CN¥11.80, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥12.52. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.63 last year. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥686.9m (up 21% from 3Q 2021). Net income: CN¥66.6m (up 25% from 3Q 2021). Profit margin: 9.7% (in line with 3Q 2021). Revenue is forecast to grow 14% 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 27% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (down from CN¥0.27 in 2Q 2021). Revenue: CN¥699.6m (up 18% from 2Q 2021). Net income: CN¥98.8m (down 21% from 2Q 2021). Profit margin: 14% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.5%, 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 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Annonce • Jun 16
Goldcard Smart Group Co., Ltd. Announces Final Profit Cash Distribution Plan to Be Implemented (A Shares) for the Year 2021 Goldcard Smart Group Co., Ltd. announced final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2021. Record date: 20 June 2022. Ex-date: 21 June 2022. Payment date: 21 June 2022. Annonce • May 30
Goldcard Smart Group Co., Ltd. (SZSE:300349) announces an Equity Buyback for CNY 100 million worth of its shares. Goldcard Smart Group Co., Ltd. (SZSE:300349) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase program will be valid for 12 months. Annonce • May 18
Goldcard Smart Group Co., Ltd. Approves Cash Dividend for 2021 Goldcard Smart Group Co., Ltd. approved cash dividend per 10 shares (tax included) of CNY 1.00000000 for 2021 at its annual general meeting held on 13 May 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.05 in 1Q 2021). Revenue: CN¥551.5m (up 30% from 1Q 2021). Net income: CN¥16.5m (down 13% from 1Q 2021). Profit margin: 3.0% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 10.0%. Over the next year, revenue is forecast to grow 9.8%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.63 (up from CN¥0.26 in FY 2020). Revenue: CN¥2.30b (up 19% from FY 2020). Net income: CN¥266.8m (up 140% from FY 2020). Profit margin: 12% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 10.0%. Over the next year, revenue is forecast to grow 6.3%, compared to a 23% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 23
Price target decreased to CN¥11.58 Down from CN¥13.82, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of CN¥11.36. Stock is down 4.6% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.26 last year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.25 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥567.5m (down 5.8% from 3Q 2020). Net income: CN¥53.3m (down 50% from 3Q 2020). Profit margin: 9.4% (down from 18% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥590.7m (up 39% from 2Q 2020). Net income: CN¥124.8m (up 50% from 2Q 2020). Profit margin: 21% (up from 20% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥14.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.45 per share. Annonce • May 21
Goldcard Smart Group Co., Ltd. Approves Cash Dividend for the Year 2020 Goldcard Smart Group Co., Ltd., at the AGM held on May 18, 2021 approved cash dividend of CNY 4.75000000 per 10 shares (tax included) for the year 2020. Major Estimate Revision • May 03
Consensus EPS estimates fall to CN¥0.86 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥2.41b to CN¥2.17b. EPS estimate also fell from CN¥1.09 to CN¥0.86. Net income forecast to grow 231% next year vs 33% growth forecast for Electronic industry in China. Consensus price target down from CN¥19.62 to CN¥16.87. Share price fell 6.4% to CN¥10.75 over the past week. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.05 (vs CN¥0.09 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥424.8m (up 51% from 1Q 2020). Net income: CN¥19.1m (down 50% from 1Q 2020). Profit margin: 4.5% (down from 14% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annonce • Apr 28
Goldcard Smart Group Co., Ltd. Proposes Cash Dividend for the Year 2020 Goldcard Smart Group Co., Ltd. announced on 27 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend/10 shares (tax included): CNY 4.75000000. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥10.86 The company is down 29% from its price of CN¥15.22 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.14 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥11.78 The company is down 22% from its price of CN¥15.11 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.18 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥13.71 The company is down 14% from its price of CN¥15.93 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.29 per share. Is New 90 Day High Low • Nov 26
New 90-day low: CN¥14.33 The company is down 19% from its price of CN¥17.79 on 28 August 2020. The Chinese market is down 1.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.30 per share. Major Estimate Revision • Nov 02
Analysts lower EPS estimates to CN¥0.98 The 2020 consensus revenue estimate was lowered from CN¥2.29b to CN¥2.12b. Earning per share (EPS) estimate was also lowered from CN¥1.09 to CN¥0.98 for the same period. Net income is expected to grow by 33% next year compared to 45% growth forecast for the Electronic industry in China. The consensus price target was lowered from CN¥22.41 to CN¥19.62. Share price is down by 4.3% to CN¥15.04 over the past week. Price Target Changed • Oct 29
Price target lowered to CN¥19.62 Down from CN¥22.41, the current price target is an average from 3 analysts. The new target price is 26% above the current share price of CN¥15.55. As of last close, the stock is up 6.5% over the past year. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥351.9m, down 21% from the prior year. Total revenue was CN¥1.95b over the last 12 months, down 1.9% from the prior year. Annonce • Oct 20
Goldcard Smart Group Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Goldcard Smart Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥14.74 The company is down 2.0% from its price of CN¥15.05 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.31 per share. Annonce • Jul 31
Goldcard Smart Group Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020