Reported Earnings • Apr 17
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: CN¥0.21 loss per share (down from CN¥0.05 profit in FY 2024). Revenue: CN¥797.2m (down 8.1% from FY 2024). Net loss: CN¥284.4m (down CN¥353.0m from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Telecom industry in Asia. 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 13% per year, which means it is well ahead of earnings. Annonce • Apr 17
NET263 Ltd., Annual General Meeting, May 11, 2026 NET263 Ltd., Annual General Meeting, May 11, 2026, at 15:30 China Standard Time. Location: 18F, No. 14, Dongtucheng Road, Heping Lane, Chaoyang District, Beijing China New Risk • Apr 13
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 10% 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. This is currently the only risk that has been identified for the company. Annonce • Mar 31
NET263 Ltd. to Report Q1, 2026 Results on Apr 30, 2026 NET263 Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Dec 31
NET263 Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026 NET263 Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.01 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.029 (up from CN¥0.01 in 3Q 2024). Revenue: CN¥206.0m (up 2.1% from 3Q 2024). Net income: CN¥40.0m (up 203% from 3Q 2024). Profit margin: 19% (up from 6.5% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% 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
NET263 Ltd. to Report Q3, 2025 Results on Oct 31, 2025 NET263 Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 62% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Annonce • Jul 02
NET263 Ltd. to Report First Half, 2025 Results on Aug 30, 2025 NET263 Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 06
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yudan Jin was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 24
NET263 Ltd. Approves Cash Dividend for 2024 NET263 Ltd. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.10000000 per 10 shares (tax included) for 2024. Annonce • Apr 02
NET263 Ltd. Proposes Final Cash Dividend for the Year 2024 NET263 Ltd. proposed final cash dividend of CNY 0.10000000 per ten shares (tax included) for the year 2024. Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.05 (up from CN¥0.19 loss in FY 2023). Revenue: CN¥867.7m (down 2.5% from FY 2023). Net income: CN¥68.5m (up CN¥323.9m from FY 2023). Profit margin: 7.9% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change). New Risk • Jan 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Annonce • Dec 31
NET263 Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 NET263 Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 New Risk • Nov 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 11% 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. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 3Q 2023). Revenue: CN¥201.7m (down 13% from 3Q 2023). Net income: CN¥13.2m (down 49% from 3Q 2023). Profit margin: 6.5% (down from 11% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Annonce • Sep 30
NET263 Ltd. to Report Q3, 2024 Results on Oct 31, 2024 NET263 Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Buy Or Sell Opportunity • Sep 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CN¥3.72. The fair value is estimated to be CN¥3.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Annonce • Sep 24
NET263 Ltd. Approves the Election of Jin Yudan as Independent Director NET263 Ltd. held its 3rd Extraordinary General Meeting of 2024 on 20 September 2024, during which the following proposal(s) was/were approved the election of Jin Yudan as independent director. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.072 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.072 in 2Q 2023). Revenue: CN¥210.5m (down 3.5% from 2Q 2023). Net income: CN¥24.0m (down 48% from 2Q 2023). Profit margin: 11% (down from 21% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Board Change • Jul 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rui Li was the last independent 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: Minority of independent directors. Lack of board continuity. Annonce • Jun 29
NET263 Ltd. to Report First Half, 2024 Results on Aug 31, 2024 NET263 Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.01 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.01 in 1Q 2023). Revenue: CN¥258.0m (up 23% from 1Q 2023). Net income: CN¥27.3m (up 38% from 1Q 2023). Profit margin: 11% (up from 9.5% in 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Telecom industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.19 loss per share (down from CN¥0.02 profit in FY 2022). Revenue: CN¥889.9m (flat on FY 2022). Net loss: CN¥255.4m (down CN¥287.4m from profit in FY 2022). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Telecom industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. New Risk • Feb 21
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 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 440% Cash payout ratio: 245% Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥3.27, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Telecom industry in Asia. Total loss to shareholders of 37% over the past three years. Annonce • Dec 30
NET263 Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 NET263 Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (in line with 3Q 2022). Revenue: CN¥232.3m (up 1.7% from 3Q 2022). Net income: CN¥25.7m (down 5.6% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.001 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.072 (up from CN¥0.001 in 2Q 2022). Revenue: CN¥218.1m (flat on 2Q 2022). Net income: CN¥45.7m (up CN¥43.8m from 2Q 2022). Profit margin: 21% (up from 0.9% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.03 in 1Q 2022). Revenue: CN¥209.4m (down 5.2% from 1Q 2022). Net income: CN¥19.8m (down 45% from 1Q 2022). Profit margin: 9.5% (down from 16% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Employee Supervisor Li Gu is the most experienced director on the board, commencing their role in 2015. Independent Director Rui Li was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.02 (in line with 3Q 2021). Revenue: CN¥228.3m (up 5.5% from 3Q 2021). Net income: CN¥27.2m (down 23% from 3Q 2021). Profit margin: 12% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.073 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.001 (down from CN¥0.073 in 2Q 2021). Revenue: CN¥217.8m (down 5.7% from 2Q 2021). Net income: CN¥1.87m (down 98% from 2Q 2021). Profit margin: 0.9% (down from 39% in 2Q 2021). 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 9% 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 21% share price gain to CN¥4.61, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 18x in the Telecom industry in Asia. Total loss to shareholders of 27% over the past three years. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.03 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.03 loss in 1Q 2021). Revenue: CN¥220.8m (down 1.1% from 1Q 2021). Net income: CN¥35.9m (up CN¥75.0m from 1Q 2021). Profit margin: 16% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Apr 02
NET263 Ltd., Annual General Meeting, Apr 21, 2022 NET263 Ltd., Annual General Meeting, Apr 21, 2022, at 15:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 special report on deposit and use of raised funds; to consider Reappointment of 2022 audit firm; and to consider other matters. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.02 (vs CN¥0.26 in FY 2020) Full year 2021 results: EPS: CN¥0.02 (down from CN¥0.26 in FY 2020). Revenue: CN¥891.4m (down 8.1% from FY 2020). Net income: CN¥33.4m (down 90% from FY 2020). Profit margin: 3.7% (down from 36% in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.20 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥216.5m (down 12% from 3Q 2020). Net income: CN¥35.3m (down 87% from 3Q 2020). Profit margin: 16% (down from 107% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Oct 02
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Independent Director Xuhong Zhou was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Independent Director Xuhong Zhou was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.066 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥231.1m (down 4.3% from 2Q 2020). Net income: CN¥89.7m (down 6.9% from 2Q 2020). Profit margin: 39% (down from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annonce • May 28
NET263 Ltd. Announces 2020 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 04 June 2021 NET263 Ltd. announced 2020 final profit distribution plan to be implemented (A shares) of CNY 1.50000000 per 10 shares (tax included), with Record date: 03 June 2021; Ex-date: 04 June 2021; and Payment date: 04 June 2021. Annonce • May 22
NET263 Ltd. Approves Cash Dividend for the Year 2020 NET263 Ltd. at its annual general meeting held on May 20, 2021 approved cash dividend/10 shares (tax included) of CNY 1.50000000. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥970.0m (down 4.3% from FY 2019). Net income: CN¥348.3m (up 101% from FY 2019). Profit margin: 36% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥5.98 The company is down 11% from its price of CN¥6.70 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 Telecom industry, which is down 4.0% over the same period. Is New 90 Day High Low • Nov 30
New 90-day low: CN¥6.55 The company is down 7.0% from its price of CN¥7.04 on 01 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 6.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥478.6m, up 338% from the prior year. Total revenue was CN¥977.6m over the last 12 months, down 4.6% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥6.57 The company is down 8.0% from its price of CN¥7.15 on 24 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 Telecom industry, which is down 7.0% over the same period. Annonce • Jul 25
NET263 Ltd. to Report First Half, 2020 Results on Aug 21, 2020 NET263 Ltd. announced that they will report first half, 2020 results on Aug 21, 2020