Board Change • May 20
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Jiaju Du was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 25
Shengyi Technology Co.,Ltd., Annual General Meeting, May 19, 2026 Shengyi Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:00 China Standard Time. Location: 2F, R and D Building, No. 5, Gongye West Road, Songshan Lake Park, Dongguan, Guangdong China Annonce • Mar 30
Shengyi Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shengyi Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Annonce • Dec 26
Shengyi Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shengyi Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Annonce • Sep 30
Shengyi Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shengyi Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annonce • Jun 30
Shengyi Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 16, 2025 Shengyi Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Annonce • Mar 29
Shengyi Technology Co.,Ltd., Annual General Meeting, Apr 18, 2025 Shengyi Technology Co.,Ltd., Annual General Meeting, Apr 18, 2025, at 14:00 China Standard Time. Location: 2F, R and D Building, No. 5, Gongye West Road, Songshan Lake Park, Dongguan, Guangdong China Annonce • Mar 28
Shengyi Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shengyi Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annonce • Dec 27
Shengyi Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shengyi Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (up from CN¥0.14 in 3Q 2023). Revenue: CN¥5.12b (up 14% from 3Q 2023). Net income: CN¥439.8m (up 28% from 3Q 2023). Profit margin: 8.6% (up from 7.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥20.84, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 5.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.49 per share. Annonce • Sep 30
Shengyi Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shengyi Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.13 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.13 in 2Q 2023). Revenue: CN¥5.21b (up 26% from 2Q 2023). Net income: CN¥540.4m (up 76% from 2Q 2023). Profit margin: 10% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. New Risk • Aug 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% 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 Dividend is not well covered by cash flows (107% cash payout ratio). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥23.11, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 7.7% over the past three years. Annonce • Jun 28
Shengyi Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shengyi Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 22
Dividend of CN¥0.45 announced Shareholders will receive a dividend of CN¥0.45. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 93% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.45, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Annonce • Apr 17
Shengyi Technology Co.,Ltd., Annual General Meeting, May 08, 2024 Shengyi Technology Co.,Ltd., Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.66 in FY 2022) Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.66 in FY 2022). Revenue: CN¥16.6b (down 7.9% from FY 2022). Net income: CN¥1.16b (down 24% from FY 2022). Profit margin: 7.0% (down from 8.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 23% 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. Annonce • Mar 29
Shengyi Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shengyi Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Annonce • Mar 01
Shengyi Technology Co.,Ltd. (SHSE:600183) agreed to acquire the remaining stake in Shengyi Technology (Suzhou) Co., Ltd. from Beijing Weihua Electronics Co., Ltd. for CNY 440 million Shengyi Technology Co.,Ltd. (SHSE:600183) agreed to acquire the remaining stake in Shengyi Technology (Suzhou) Co., Ltd. from Beijing Weihua Electronics Co., Ltd. for CNY 440 million on February 26, 2024. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.66 in FY 2022) Full year 2023 results: EPS: CN¥0.50 (down from CN¥0.66 in FY 2022). Revenue: CN¥16.6b (down 7.9% from FY 2022). Net income: CN¥1.16b (down 24% from FY 2022). Profit margin: 7.0% (down from 8.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 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 23% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annonce • Dec 29
Shengyi Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Shengyi Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥4.47b (up 3.8% from 3Q 2022). Net income: CN¥344.0m (up 32% from 3Q 2022). Profit margin: 7.7% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 12% per year. Annonce • Sep 30
Shengyi Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shengyi Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.19 in 2Q 2022). Revenue: CN¥4.12b (down 11% from 2Q 2022). Net income: CN¥307.1m (down 32% from 2Q 2022). Profit margin: 7.4% (down from 9.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Annonce • Jun 28
Shengyi Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Shengyi Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥16.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.54 per share. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥0.66 (vs CN¥1.23 in FY 2021) Full year 2022 results: EPS: CN¥0.66 (down from CN¥1.23 in FY 2021). Revenue: CN¥18.0b (down 11% from FY 2021). Net income: CN¥1.53b (down 46% from FY 2021). Profit margin: 8.5% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. 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 increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: CN¥0.38 (vs CN¥1.23 in FY 2021) Full year 2022 results: EPS: CN¥0.38 (down from CN¥1.23 in FY 2021). Revenue: CN¥353.5k (down 100% from FY 2021). Net income: CN¥31.3k (down 100% from FY 2021). Profit margin: 8.9% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 79% p.a. on average during the next 2 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 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 4 independent directors (7 non-independent directors). Director Liqun Xu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.40 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.40 in 3Q 2021). Revenue: CN¥4.30b (down 22% from 3Q 2021). Net income: CN¥261.4m (down 72% from 3Q 2021). Profit margin: 6.1% (down from 17% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 25
Now 22% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be CN¥20.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.38 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.38 in 2Q 2021). Revenue: CN¥4.61b (down 14% from 2Q 2021). Net income: CN¥452.8m (down 48% from 2Q 2021). Profit margin: 9.8% (down from 16% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 14%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.24 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.24 in 1Q 2021). Revenue: CN¥4.77b (up 5.8% from 1Q 2021). Net income: CN¥482.4m (down 11% from 1Q 2021). Profit margin: 10% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.8%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥1.23 (vs CN¥0.74 in FY 2020) Full year 2021 results: EPS: CN¥1.23 (up from CN¥0.74 in FY 2020). Revenue: CN¥20.3b (up 38% from FY 2020). Net income: CN¥2.83b (up 68% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥1.23 (up from CN¥0.74 in FY 2020). Revenue: CN¥20.3b (up 38% from FY 2020). Net income: CN¥2.83b (up 69% from FY 2020). Profit margin: 14% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥24.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% per annum over the last 3 years. Earnings per share has grown by 29% per annum over the last 3 years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.40 (vs CN¥0.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥5.55b (up 46% from 3Q 2020). Net income: CN¥924.8m (up 94% from 3Q 2020). Profit margin: 17% (up from 13% 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 29% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥27.39, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 192% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.37 per share. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.24 (vs CN¥0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥4.51b (up 47% from 1Q 2020). Net income: CN¥544.3m (up 60% from 1Q 2020). Profit margin: 12% (up from 11% in 1Q 2020). The increase in margin 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 increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.74 (vs CN¥0.66 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¥14.7b (up 11% from FY 2019). Net income: CN¥1.68b (up 16% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 22%, compared to a 31% growth forecast for the Electronic industry in China. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 22%, compared to a 30% growth forecast for the Electronic industry in China. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥23.34 The company is down 5.0% from its price of CN¥24.46 on 04 November 2020. The Chinese market is up 7.0% 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¥7.98 per share. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS CN¥0.73 (vs CN¥0.66 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¥14.7b (up 11% from FY 2019). Net income: CN¥1.66b (up 15% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 23%, compared to a 31% growth forecast for the Electronic industry in China. Is New 90 Day High Low • Jan 14
New 90-day high: CN¥30.37 The company is up 25% from its price of CN¥24.34 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥7.90 per share. Is New 90 Day High Low • Dec 04
New 90-day high: CN¥28.75 The company is up 16% from its price of CN¥24.73 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥15.77 per share. Is New 90 Day High Low • Nov 14
New 90-day high: CN¥28.54 The company is up 2.0% from its price of CN¥28.01 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥16.16 per share. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 18% share price gain to CN¥27.93, the stock is trading at a trailing P/E ratio of 37.3x, up from the previous P/E ratio of 31.5x. This compares to an average P/E of 48x in the Electronic industry in China. Total returns to shareholders over the past three years are 152%. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.71b, up 38% from the prior year. Total revenue was CN¥14.5b over the last 12 months, up 16% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 25
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 3.7% at CN¥3.81b. Revenue is forecast to grow 22% over the next year, compared to a 31% growth forecast for the Electronic industry in China.