Valuation Update With 7 Day Price Move • 13h
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥17.63, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 40x in the Electronic industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.24 per share. Annonce • Jun 30
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2026 Results on Jul 24, 2026 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2026 results on Jul 24, 2026 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥19.43, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 43x in the Electronic industry in China. Total loss to shareholders of 2.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.00 per share. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.30, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 41x in the Electronic industry in China. Total loss to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.03 per share. Annonce • Mar 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 27
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: CN¥0.51 (up from CN¥0.45 in FY 2024). Revenue: CN¥2.25b (up 11% from FY 2024). Net income: CN¥257.4m (up 12% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Annonce • Mar 26
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 16, 2026 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 16, 2026, at 14:00 China Standard Time. Location: 2F, No. 51, Fangyuan Street, Suzhou Industrial Park, Jiangsu China Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥18.29, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. New Risk • Jan 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 7.4% 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 • Jan 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥21.42, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 6.2% over the past three years. Annonce • Dec 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Major Estimate Revision • Nov 02
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.579 to CN¥0.49 per share. Revenue forecast steady at CN¥2.30b. Net income forecast to grow 37% next year vs 48% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥19.46. Share price fell 5.8% to CN¥15.67 over the past week. Reported Earnings • Oct 27
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.078 (down from CN¥0.086 in 3Q 2024). Revenue: CN¥541.0m (up 11% from 3Q 2024). Net income: CN¥39.6m (down 9.4% from 3Q 2024). Profit margin: 7.3% (down from 8.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 14% 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 fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annonce • Sep 30
Suzhou Sushi Testing Group Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Reported Earnings • Jul 30
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.12 in 2Q 2024). Revenue: CN¥561.5m (up 18% from 2Q 2024). Net income: CN¥76.4m (up 26% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 7% per year. Annonce • Jul 02
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2025 Results on Jul 30, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2025 results on Jul 30, 2025 Annonce • May 28
Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) agreed to acquire an additional 23.73% stake in Sushi Yite (Shanghai) Testing Technology Co., Ltd. from a group of shareholders for approximately CNY 340 million. Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) agreed to acquire an additional 23.73% stake in Sushi Yite (Shanghai) Testing Technology Co., Ltd. from a group of shareholders for approximately CNY 340 million on May 27, 2025. A cash consideration of CNY 336.35 million will be paid by Suzhou Sushi Testing Group Co.,Ltd. As part of consideration, CNY 336.35 million is paid towards common equity of Sushi Yite (Shanghai) Testing Technology Co., Ltd. Upon completion, Suzhou Sushi Testing Group Co.,Ltd. will own 97.55% stake in Sushi Yite (Shanghai) Testing Technology Co., Ltd. The transaction will be financed through equity investment of CNY 336.35 million.
As of March 31, 2025, Sushi Yite (Shanghai) Testing Technology Co., Ltd. reported total assets of CNY 964.51 million and total common equity of CNY 846.52 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.52b to CN¥2.36b. EPS estimate also fell from CN¥0.683 per share to CN¥0.612 per share. Net income forecast to grow 35% next year vs 46% growth forecast for Electronic industry in China. Consensus price target up from CN¥14.81 to CN¥17.98. Share price fell 7.5% to CN¥16.55 over the past week. Reported Earnings • Apr 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.45 (down from CN¥0.62 in FY 2023). Revenue: CN¥2.03b (down 4.3% from FY 2023). Net income: CN¥229.4m (down 27% from FY 2023). Profit margin: 11% (down from 15% in FY 2023). Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 19% 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 4% per year and the company’s share price has also increased by 4% per year. Annonce • Apr 11
Suzhou Sushi Testing Group Co.,Ltd. Proposes Cash Dividend for the Year 2024 Suzhou Sushi Testing Group Co.,Ltd. announced on 10 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.50000000. Annonce • Apr 10
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, May 06, 2025 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: 1F, No. 51, Fangyuan Street, Suzhou Industrial Park, Jiangsu China Annonce • Mar 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.69, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years. Annonce • Dec 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.26b to CN¥2.05b. EPS estimate also fell from CN¥0.65 per share to CN¥0.46 per share. Net income forecast to grow 49% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥15.15 to CN¥14.81. Share price was steady at CN¥13.13 over the past week. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.086 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥489.3m (down 12% from 3Q 2023). Net income: CN¥43.7m (down 48% from 3Q 2023). Profit margin: 8.9% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 37%. 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 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.25, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 13% over the past three years. New Risk • Sep 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 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Annonce • Sep 30
Suzhou Sushi Testing Group Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥11.31, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 10% over the past three years. Price Target Changed • Aug 29
Price target decreased by 23% to CN¥15.87 Down from CN¥20.56, the current price target is an average from 3 analysts. New target price is 52% above last closing price of CN¥10.44. Stock is down 40% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.62 last year. Major Estimate Revision • Aug 29
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.53b to CN¥2.17b. EPS estimate fell from CN¥0.767 to CN¥0.63 per share. Net income forecast to grow 32% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥20.56 to CN¥15.87. Share price fell 7.0% to CN¥10.44 over the past week. Reported Earnings • Aug 23
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥474.3m (down 11% from 2Q 2023). Net income: CN¥60.5m (down 34% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 48%. Earnings per share (EPS) also missed analyst estimates by 57%. 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 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.76b to CN¥2.61b. EPS estimate also fell from CN¥0.875 per share to CN¥0.782 per share. Net income forecast to grow 26% next year vs 54% growth forecast for Electronic industry in China. Consensus price target down from CN¥22.70 to CN¥20.74. Share price rose 5.0% to CN¥14.80 over the past week. Reported Earnings • Apr 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.62 (up from CN¥0.56 in FY 2022). Revenue: CN¥2.12b (up 17% from FY 2022). Net income: CN¥314.3m (up 16% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 4.6%. Revenue is forecast to grow 19% 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 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 01
Price target decreased by 8.6% to CN¥20.74 Down from CN¥22.70, the current price target is an average from 3 analysts. New target price is 39% above last closing price of CN¥14.93. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.56 last year. Price Target Changed • Mar 31
Price target decreased by 9.9% to CN¥21.41 Down from CN¥23.77, the current price target is an average from 3 analysts. New target price is 48% above last closing price of CN¥14.50. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.56 last year. Annonce • Mar 30
Suzhou Sushi Testing Group Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Annonce • Mar 29
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 18, 2024 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 18, 2024, at 14:00 China Standard Time. Location: 2F, No. 51, Fangyuan Street, Suzhou Industrial Park, Jiangsu China Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥10.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 7.6% over the past three years. Price Target Changed • Jan 25
Price target decreased by 10% to CN¥22.70 Down from CN¥25.34, the current price target is an average from 4 analysts. New target price is 62% above last closing price of CN¥14.04. Stock is down 38% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.56 last year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.48, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 30% over the past three years. Annonce • Dec 29
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥555.5m (up 21% from 3Q 2022). Net income: CN¥84.5m (up 17% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 24% 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 30% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 30
Price target decreased by 8.8% to CN¥24.74 Down from CN¥27.11, the current price target is an average from 4 analysts. New target price is 68% above last closing price of CN¥14.70. Stock is down 46% over the past year. The company is forecast to post earnings per share of CN¥0.70 for next year compared to CN¥0.56 last year. Annonce • Sep 15
Suzhou Sushi Testing Group Co.,Ltd. Announces Management Changes Suzhou Sushi Testing Group Co.,Ltd. held its 3rd Extraordinary General Meeting of 2023 on 12 September 2023, during which the following proposal(s) was/were approved: Election and nomination of non-independent directors, cumulative voting system applicable: Zhong Qionghua, Chen Ying, Shen Xiaopeng. Election and nomination of independent directors, cumulative voting system applicable: Wang Renchun, Xu Yemei. Election and nomination of non-employee supervisors, cumulative voting system applicable: Zhou Bin. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.16 in 2Q 2022). Revenue: CN¥532.9m (up 17% from 2Q 2022). Net income: CN¥91.5m (up 18% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 31%. Revenue is forecast to grow 24% 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 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 18
Price target decreased by 8.6% to CN¥27.11 Down from CN¥29.67, the current price target is an average from 4 analysts. New target price is 39% above last closing price of CN¥19.47. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of CN¥0.71 for next year compared to CN¥0.56 last year. Annonce • Jul 01
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2023 Results on Aug 10, 2023 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Annonce • Jun 28
Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) announces an Equity Buyback for CNY 100 million worth of its shares. Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The program will be valid for 12 months. Buying Opportunity • Jun 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be CN¥25.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Annonce • May 12
Suzhou Sushi Testing Group Co.,Ltd. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 19 May 2023 Suzhou Sushi Testing Group Co.,Ltd. implements 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.50000000. Record date: 18 May 2023, Ex-date: 19 May 2023, Payment date: 19 May 2023, Listing date of the bonus issues: 19 May 2023. Buying Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥33.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.73 (up from CN¥0.55 in FY 2021). Revenue: CN¥1.81b (up 20% from FY 2021). Net income: CN¥269.9m (up 42% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 25% 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 increased by 37% per year whereas the company’s share price has increased by 33% per year. Buying Opportunity • Jan 09
Now 20% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be CN¥39.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 73% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Board Change • Nov 16
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. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.15 in 3Q 2021). Revenue: CN¥461.1m (up 21% from 3Q 2021). Net income: CN¥72.5m (up 45% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 36% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 22
Price target increased to CN¥36.50 Up from CN¥30.07, the current price target is an average from 2 analysts. New target price is 12% above last closing price of CN¥32.66. Stock is up 74% over the past year. The company is forecast to post earnings per share of CN¥0.73 for next year compared to CN¥0.55 last year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥32.66, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 201% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥56.23 per share. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥455.0m (up 16% from 2Q 2021). Net income: CN¥77.4m (up 18% from 2Q 2021). Profit margin: 17% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 38%, compared to a 26% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from CN¥0.73 to CN¥0.82. Revenue forecast unchanged at CN¥1.97b. Net income forecast to grow 45% next year vs 43% growth forecast for Electronic industry in China. Consensus price target of CN¥30.07 unchanged from last update. Share price was steady at CN¥23.93 over the past week. Annonce • Jun 10
Suzhou Sushi Testing Group Co.,Ltd. Announces Cash Dividend, Payable on 16 June 2022 Suzhou Sushi Testing Group Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 1.50000000. Record date as 15 June 2022, ex-date as 16 June 2022 and payment date as 16 June 2022. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.062 in 1Q 2021). Revenue: CN¥343.6m (up 22% from 1Q 2021). Net income: CN¥28.8m (up 80% from 1Q 2021). Profit margin: 8.4% (up from 5.7% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 34%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 38% per year. Price Target Changed • Apr 27
Price target increased to CN¥39.10 Up from CN¥35.86, the current price target is an average from 6 analysts. New target price is 48% above last closing price of CN¥26.45. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥0.95 for next year compared to CN¥0.72 last year. Annonce • Apr 02
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 28, 2022 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 28, 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; to consider 2021 profit distribution plan; to consider Reappointment of 2022 audit firm; to consider Application for comprehensive credit line to banks; to consider Amendments to the articles of associations of the Company; and to consider any other matters. Reported Earnings • Apr 01
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.72 (up from CN¥0.47 in FY 2020). Revenue: CN¥1.50b (up 27% from FY 2020). Net income: CN¥190.0m (up 54% from FY 2020). Profit margin: 13% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 30%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 33% per year. Annonce • Apr 01
Suzhou Sushi Testing Group Declares Dividend Fir the Year 2021 Suzhou Sushi Testing Group Co.,Ltd. announced implementation of final profit distribution of CNY 1.50000000 per 10 shares for the year 2021. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥382.1m (up 23% from 3Q 2020). Net income: CN¥49.9m (up 79% from 3Q 2020). Profit margin: 13% (up from 8.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.17 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥391.7m (up 20% from 2Q 2020). Net income: CN¥65.5m (up 30% from 2Q 2020). Profit margin: 17% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jul 16
Consensus EPS estimates increase to CN¥0.67 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CN¥1.44b to CN¥1.53b. EPS estimate increased from CN¥0.58 to CN¥0.67 per share. Net income forecast to grow 34% next year vs 31% growth forecast for Electronic industry in China. Consensus price target up from CN¥25.40 to CN¥33.48. Share price fell 2.2% to CN¥24.65 over the past week. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.005 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¥282.9m (up 60% from 1Q 2020). Net income: CN¥16.0m (up CN¥17.2m from 1Q 2020). Profit margin: 5.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥18.28, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 6.9% over the past three years. Annonce • Mar 19
Sushi Testing Proposes Final Dividend for 2020 Suzhou Sushi Testing Group Co. Ltd. proposed profit distribution of CNY 1.50000000 (tax included) per ten shares for 2020. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS CN¥0.61 (vs CN¥0.43 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.18b (up 50% from FY 2019). Net income: CN¥123.4m (up 41% from FY 2019). Profit margin: 10% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Annonce • Feb 18
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 17, 2021 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 17, 2021 Is New 90 Day High Low • Dec 25
New 90-day low: CN¥22.02 The company is down 11% from its price of CN¥24.75 on 25 September 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 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.19 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥23.98 The company is down 2.0% from its price of CN¥24.48 on 31 July 2020. The Chinese market is also down 2.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.05 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥110.0m, up 36% from the prior year. Total revenue was CN¥1.11b over the last 12 months, up 55% from the prior year. Annonce • Oct 20
Suzhou Sushi Testing Group Co.,Ltd. to Report Q3, 2020 Results on Oct 28, 2020 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q3, 2020 results on Oct 28, 2020