New Risk • May 06
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 233% Dividend yield: 5.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 29
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.10 (down from CN¥1.37 in FY 2024). Revenue: CN¥3.22b (down 19% from FY 2024). Net income: CN¥369.9m (down 20% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Apr 29
Warom Technology Incorporated Company, Annual General Meeting, May 20, 2026 Warom Technology Incorporated Company, Annual General Meeting, May 20, 2026, at 13:30 China Standard Time. Location: 4F, Building A, No. 555, Baoqian Highway, Jiading District, Shanghai China Annuncio • Mar 30
Warom Technology Incorporated Company to Report Q1, 2026 Results on Apr 29, 2026 Warom Technology Incorporated Company announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Dec 26
Warom Technology Incorporated Company to Report Fiscal Year 2025 Results on Apr 29, 2026 Warom Technology Incorporated Company announced that they will report fiscal year 2025 results on Apr 29, 2026 Annuncio • Nov 12
Warom Technology Incorporated Company (SHSE:603855) announces an Equity Buyback for CNY 80 million worth of its shares. Warom Technology Incorporated Company (SHSE:603855) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price of not more than CNY 25 per share. The repurchased shares will be used as treasury shares for equity incentives. The shares will be repurchased out of own funds of the company or self-raised funds. The plan will be valid for 12 months. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.37 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.31 (down from CN¥0.37 in 3Q 2024). Revenue: CN¥675.4m (down 36% from 3Q 2024). Net income: CN¥101.7m (down 16% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
Warom Technology Incorporated Company to Report Q3, 2025 Results on Oct 30, 2025 Warom Technology Incorporated Company announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 147% Dividend yield: 5.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Annuncio • Jun 30
Warom Technology Incorporated Company to Report First Half, 2025 Results on Aug 29, 2025 Warom Technology Incorporated Company announced that they will report first half, 2025 results on Aug 29, 2025 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥22.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 7.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.32 per share. Declared Dividend • May 15
Dividend of CN¥1.00 announced Dividend of CN¥1.00 is the same as last year. Ex-date: 16th May 2025 Payment date: 16th May 2025 Dividend yield will be 4.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.26 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.26 in 1Q 2024). Revenue: CN¥798.0m (up 24% from 1Q 2024). Net income: CN¥116.1m (up 37% from 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). 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 17% growth forecast for the Electrical industry in China. 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 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.75, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electrical industry in China. Total returns to shareholders of 8.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.94 per share. Annuncio • Mar 28
Warom Technology Incorporated Company to Report Q1, 2025 Results on Apr 29, 2025 Warom Technology Incorporated Company announced that they will report Q1, 2025 results on Apr 29, 2025 Buy Or Sell Opportunity • Mar 28
Now 22% undervalued Over the last 90 days, the stock has risen 8.0% to CN¥21.91. The fair value is estimated to be CN¥28.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Annuncio • Mar 28
Warom Technology Incorporated Company, Annual General Meeting, Apr 17, 2025 Warom Technology Incorporated Company, Annual General Meeting, Apr 17, 2025, at 13:30 China Standard Time. Location: 4F, Tower A, No. 555, Baoqian Highway, Jiading District, Shanghai China Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥24.54, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.51 per share. Annuncio • Dec 27
Warom Technology Incorporated Company to Report Fiscal Year 2024 Results on Mar 28, 2025 Warom Technology Incorporated Company announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.31 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.31 in 3Q 2023). Revenue: CN¥1.05b (up 44% from 3Q 2023). Net income: CN¥121.2m (up 14% from 3Q 2023). Profit margin: 12% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical 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 5% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
Warom Technology Incorporated Company to Report Q3, 2024 Results on Oct 30, 2024 Warom Technology Incorporated Company announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.86, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 6.7% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.32. Revenue: CN¥757.9m (up 7.2% from 2Q 2023). Net income: CN¥115.2m (up 5.6% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Annuncio • Jun 28
Warom Technology Incorporated Company to Report First Half, 2024 Results on Aug 29, 2024 Warom Technology Incorporated Company announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.25 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.26. Revenue: CN¥643.6m (up 5.4% from 1Q 2023). Net income: CN¥85.0m (down 1.2% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.78, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.27 per share. Price Target Changed • Mar 29
Price target decreased by 14% to CN¥25.82 Down from CN¥29.86, the current price target is an average from 3 analysts. New target price is 19% above last closing price of CN¥21.78. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥1.06 last year. Annuncio • Dec 29
Warom Technology Incorporated Company to Report Fiscal Year 2023 Results on Mar 29, 2024 Warom Technology Incorporated Company announced that they will report fiscal year 2023 results on Mar 29, 2024 Buying Opportunity • Nov 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be CN¥26.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 88% in 2 years. Earnings is forecast to grow by 88% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥21.16, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Electrical industry in China. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.17 per share. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.39 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.31 (down from CN¥0.39 in 3Q 2022). Revenue: CN¥730.0m (down 28% from 3Q 2022). Net income: CN¥106.3m (down 17% from 3Q 2022). Profit margin: 15% (up from 13% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. 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 1% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 31
Price target decreased by 7.9% to CN¥29.86 Down from CN¥32.42, the current price target is an average from 3 analysts. New target price is 31% above last closing price of CN¥22.80. Stock is up 5.3% over the past year. The company is forecast to post earnings per share of CN¥1.49 for next year compared to CN¥1.06 last year. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.28 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.28 in 2Q 2022). Revenue: CN¥706.7m (flat on 2Q 2022). Net income: CN¥109.1m (up 17% from 2Q 2022). Profit margin: 15% (up from 13% in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical 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 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 04
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.81b to CN¥4.16b. EPS estimate fell from CN¥1.68 to CN¥1.58 per share. Net income forecast to grow 47% next year vs 59% growth forecast for Electrical industry in China. Consensus price target of CN¥31.42 unchanged from last update. Share price was steady at CN¥27.26 over the past week. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.18 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.18 in 1Q 2022). Revenue: CN¥610.5m (down 8.0% from 1Q 2022). Net income: CN¥86.0m (up 43% from 1Q 2022). Profit margin: 14% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.39 (vs CN¥0.38 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.38 in 3Q 2021). Revenue: CN¥1.02b (up 15% from 3Q 2021). Net income: CN¥128.7m (up 1.5% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Electrical industry in China. 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. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.33 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.33 in 2Q 2021). Revenue: CN¥708.2m (up 4.0% from 2Q 2021). Net income: CN¥93.4m (down 15% from 2Q 2021). Profit margin: 13% (down from 16% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 46%, compared to a 55% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥25.27, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Electrical industry in China. Total returns to shareholders of 240% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.09 per share. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.18 (vs CN¥0.18 in 1Q 2021). Revenue: CN¥663.3m (up 29% from 1Q 2021). Net income: CN¥60.1m (down 1.2% from 1Q 2021). Profit margin: 9.1% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 34%, compared to a 57% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 34% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.24 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥890.3m (up 67% from 3Q 2020). Net income: CN¥126.9m (up 58% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥25.83, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 28x in the Electrical industry in China. Total returns to shareholders of 241% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.95 per share. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.25 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥680.8m (up 30% from 2Q 2020). Net income: CN¥110.0m (up 33% from 2Q 2020). Profit margin: 16% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥19.12, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 27x in the Electrical industry in China. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥18.91 per share. Reported Earnings • Apr 30
Full year 2020 earnings released: EPS CN¥0.78 (vs CN¥0.57 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.28b (up 18% from FY 2019). Net income: CN¥260.7m (up 37% from FY 2019). Profit margin: 11% (up from 9.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥18.59, the stock is trading at a trailing P/E ratio of 23.8x, up from the previous P/E ratio of 20.7x. This compares to an average P/E of 34x in the Electrical industry in China. Total returns to shareholders over the past three years are 99%. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥17.80 The company is up 2.0% from its price of CN¥17.38 on 25 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 Electrical industry, which is up 15% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: CN¥13.70 The company is down 27% from its price of CN¥18.69 on 16 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥15.14 The company is down 15% from its price of CN¥17.91 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 Electrical industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥17.38 The company is down 7.0% from its price of CN¥18.68 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 14% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥258.5m, up 41% from the prior year. Total revenue was CN¥2.14b over the last 12 months, up 20% from the prior year. Annuncio • Jul 10
Warom Technology Incorporated Company to Report First Half, 2020 Results on Aug 28, 2020 Warom Technology Incorporated Company announced that they will report first half, 2020 results on Aug 28, 2020