New Risk • May 11
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 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥550m free cash flow). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings have declined by 79% per year over the past 5 years. Annuncio • Apr 24
Chongqing Millison Technologies INC., Annual General Meeting, May 15, 2026 Chongqing Millison Technologies INC., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 2F, Office Building, Fu No. 1 and Fu No. 2, No. 1, Tian'an Road, Banan District, Chongqing China Reported Earnings • Apr 24
First quarter 2026 earnings released: CN¥0.25 loss per share (vs CN¥0.29 loss in 1Q 2025) First quarter 2026 results: CN¥0.25 loss per share (improved from CN¥0.29 loss in 1Q 2025). Revenue: CN¥1.02b (up 16% from 1Q 2025). Net loss: CN¥53.5m (loss narrowed 11% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 139 percentage points per year, which is a significant difference in performance. Annuncio • Mar 31
Chongqing Millison Technologies INC. to Report Q1, 2026 Results on Apr 24, 2026 Chongqing Millison Technologies INC. announced that they will report Q1, 2026 results on Apr 24, 2026 Annuncio • Dec 31
Chongqing Millison Technologies INC. to Report Fiscal Year 2025 Results on Apr 24, 2026 Chongqing Millison Technologies INC. announced that they will report fiscal year 2025 results on Apr 24, 2026 Annuncio • Dec 05
Chongqing Millison Technologies INC. announced that it expects to receive CNY 1.2 billion in funding Chongqing Millison Technologies INC. announced a private placement of not more than 63,180,000 A shares for gross proceeds of not more than CNY 1,200,000,000 on December 4, 2025. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 16th meeting of the company’s 2nd directorate of the company. The transaction is subject to the approval of the company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Reported Earnings • Oct 23
Third quarter 2025 earnings released: CN¥0.52 loss per share (vs CN¥0.14 loss in 3Q 2024) Third quarter 2025 results: CN¥0.52 loss per share (further deteriorated from CN¥0.14 loss in 3Q 2024). Revenue: CN¥960.7m (up 2.8% from 3Q 2024). Net loss: CN¥109.8m (loss widened 273% from 3Q 2024). Annuncio • Sep 30
Chongqing Millison Technologies INC. to Report Q3, 2025 Results on Oct 23, 2025 Chongqing Millison Technologies INC. announced that they will report Q3, 2025 results on Oct 23, 2025 New Risk • Sep 16
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 8.1% 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 Risks Debt is not well covered by operating cash flow (5.6% operating cash flow to total debt). Earnings have declined by 54% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Annuncio • Jul 02
Chongqing Millison Technologies INC. to Report First Half, 2025 Results on Aug 27, 2025 Chongqing Millison Technologies INC. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • May 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 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 45% per year over the past 5 years. Reported Earnings • Apr 22
First quarter 2025 earnings released: CN¥0.29 loss per share (vs CN¥0.03 profit in 1Q 2024) First quarter 2025 results: CN¥0.29 loss per share (down from CN¥0.03 profit in 1Q 2024). Revenue: CN¥881.3m (up 14% from 1Q 2024). Net loss: CN¥60.1m (down CN¥66.3m from profit in 1Q 2024). Annuncio • Apr 22
Chongqing Millison Technologies INC., Annual General Meeting, May 13, 2025 Chongqing Millison Technologies INC., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: 2F, Office Building, Fu No. 1 and Fu No. 2, No. 1, Tian'an Road, Banan District, Chongqing China Annuncio • Mar 31
Chongqing Millison Technologies INC. to Report Q1, 2025 Results on Apr 22, 2025 Chongqing Millison Technologies INC. announced that they will report Q1, 2025 results on Apr 22, 2025 New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Annuncio • Dec 31
Chongqing Millison Technologies INC. to Report Fiscal Year 2024 Results on Apr 18, 2025 Chongqing Millison Technologies INC. announced that they will report fiscal year 2024 results on Apr 18, 2025 New Risk • Nov 09
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 12% 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. Reported Earnings • Oct 24
Third quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.092 profit in 3Q 2023) Third quarter 2024 results: CN¥0.14 loss per share (down from CN¥0.092 profit in 3Q 2023). Revenue: CN¥934.9m (up 25% from 3Q 2023). Net loss: CN¥29.5m (down 253% from profit in 3Q 2023). 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 8.1% 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. Annuncio • Sep 30
Chongqing Millison Technologies INC. to Report Q3, 2024 Results on Oct 24, 2024 Chongqing Millison Technologies INC. announced that they will report Q3, 2024 results on Oct 24, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.34 profit in 2Q 2023) Second quarter 2024 results: CN¥0.12 loss per share (down from CN¥0.34 profit in 2Q 2023). Revenue: CN¥883.4m (up 12% from 2Q 2023). Net loss: CN¥24.6m (down 138% from profit in 2Q 2023). Annuncio • Jun 29
Chongqing Millison Technologies INC. to Report First Half, 2024 Results on Aug 27, 2024 Chongqing Millison Technologies INC. announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.35 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.35 in 1Q 2023). Revenue: CN¥770.5m (down 6.4% from 1Q 2023). Net income: CN¥6.16m (down 89% from 1Q 2023). Profit margin: 0.8% (down from 6.8% in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.70 (down from CN¥1.42 in FY 2022). Revenue: CN¥3.19b (flat on FY 2022). Net income: CN¥135.9m (down 39% from FY 2022). Profit margin: 4.3% (down from 7.1% in FY 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Metals and Mining industry in China. Annuncio • Apr 17
Chongqing Millison Technologies INC., Annual General Meeting, May 07, 2024 Chongqing Millison Technologies INC., Annual General Meeting, May 07, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chongqing China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥25.51, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Metals and Mining industry in China. New Risk • Apr 08
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 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (30% accrual ratio). Annuncio • Mar 30
Chongqing Millison Technologies INC. to Report Q1, 2024 Results on Apr 29, 2024 Chongqing Millison Technologies INC. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥22.28, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.32, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥26.57, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Metals and Mining industry in China. Annuncio • Dec 30
Chongqing Millison Technologies INC. to Report Fiscal Year 2023 Results on Apr 16, 2024 Chongqing Millison Technologies INC. announced that they will report fiscal year 2023 results on Apr 16, 2024 Annuncio • Nov 11
Chongqing Millison Technologies INC. Announces Board Elections Chongqing Millison Technologies INC. at the EGM held on 08 November 2023, elected Yu Yajun, Yu Renlin, Ma Minghai, Wan Min and Zhang Li as non-independent directors. The company elected Ran Guanghe, Song Zongyu and Shang Huajun as independent directors. The company elected Fang Xiaobin and Wang Xue as non-employee supervisors. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.092 (vs CN¥0.45 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.092 (down from CN¥0.45 in 3Q 2022). Revenue: CN¥750.9m (down 14% from 3Q 2022). Net income: CN¥19.3m (down 73% from 3Q 2022). Profit margin: 2.6% (down from 8.3% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥42.82, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Metals and Mining industry in China. Reported Earnings • Aug 25
First half 2023 earnings released: EPS: CN¥0.69 (vs CN¥0.51 in 1H 2022) First half 2023 results: EPS: CN¥0.69 (up from CN¥0.51 in 1H 2022). Revenue: CN¥1.61b (up 13% from 1H 2022). Net income: CN¥121.0m (up 52% from 1H 2022). Profit margin: 7.5% (up from 5.6% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. New Risk • Jul 22
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 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risk High level of debt (49% net debt to equity). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.80, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 32x in the Metals and Mining industry in China. Annuncio • Jul 01
Chongqing Millison Technologies INC. to Report First Half, 2023 Results on Aug 22, 2023 Chongqing Millison Technologies INC. announced that they will report first half, 2023 results on Aug 22, 2023 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.11, the stock trades at a trailing P/E ratio of 32.1x. Average trailing P/E is 30x in the Metals and Mining industry in China.