New Risk • Jul 17
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 9.8% 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 Risks Earnings have declined by 1.6% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥21.89, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 118x in the Semiconductor industry in China. Total returns to shareholders of 31% over the past three years. Annuncio • Jun 30
Shenzhen Injoinic Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥25.61, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 128x in the Semiconductor industry in China. Total returns to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.64, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 105x in the Semiconductor industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.05 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.05 in 1Q 2025). Revenue: CN¥376.8m (up 23% from 1Q 2025). Net income: CN¥45.1m (up 130% from 1Q 2025). Profit margin: 12% (up from 6.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 28
Shenzhen Injoinic Technology Co.,Ltd., Annual General Meeting, May 19, 2026 Shenzhen Injoinic Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 09:30 China Standard Time. Location: The Company's Meeting Room, Zhuhai, Guangdong China Annuncio • Mar 30
Shenzhen Injoinic Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Feb 10
Full year 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.29 in FY 2024) Full year 2025 results: EPS: CN¥0.41 (up from CN¥0.29 in FY 2024). Revenue: CN¥1.61b (up 13% from FY 2024). Net income: CN¥177.4m (up 43% from FY 2024). Profit margin: 11% (up from 8.7% in FY 2024). 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 but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥25.22, the stock trades at a trailing P/E ratio of 72.4x. Average trailing P/E is 92x in the Semiconductor industry in China. Total returns to shareholders of 12% over the past three years. Annuncio • Dec 26
Shenzhen Injoinic Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥23.03, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 76x in the Semiconductor industry in China. Total returns to shareholders of 6.2% over the past three years. New Risk • Oct 31
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.12 in 3Q 2024). Revenue: CN¥467.1m (up 15% from 3Q 2024). Net income: CN¥62.5m (up 25% from 3Q 2024). Profit margin: 13% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Annuncio • Sep 30
Shenzhen Injoinic Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jun 30
Shenzhen Injoinic Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Jun 15
Dividend increased to CN¥0.09 Dividend of CN¥0.09 is 221% higher than last year. Ex-date: 19th June 2025 Payment date: 19th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.01 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.05 (up from CN¥0.01 in 1Q 2024). Revenue: CN¥306.2m (up 17% from 1Q 2024). Net income: CN¥19.6m (up 396% from 1Q 2024). Profit margin: 6.4% (up from 1.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Apr 29
Shenzhen Injoinic Technology Co.,Ltd., Annual General Meeting, May 21, 2025 Shenzhen Injoinic Technology Co.,Ltd., Annual General Meeting, May 21, 2025, at 09:30 China Standard Time. New Risk • Apr 07
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 Risk Earnings have declined by 4.0% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.51, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 66x in the Semiconductor industry in China. Total returns to shareholders of 22% over the past year. Annuncio • Mar 28
Shenzhen Injoinic Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Board Change • Mar 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Hong Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.07 in FY 2023) Full year 2024 results: EPS: CN¥0.29 (up from CN¥0.07 in FY 2023). Revenue: CN¥1.43b (up 18% from FY 2023). Net income: CN¥124.2m (up 323% from FY 2023). Profit margin: 8.7% (up from 2.4% in FY 2023). The increase in margin was driven by higher revenue. Annuncio • Feb 25
Shenzhen Injoinic Technology Co.,Ltd. (SHSE:688209) announces an Equity Buyback for CNY 15 million worth of its shares. Shenzhen Injoinic Technology Co.,Ltd. (SHSE:688209) announces a share repurchase program. Under the program, the company will repurchase up to CNY 15 million worth of its A shares. The shares will be repurchased at a price of CNY 27 per share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The program will be valid for a period of 12 months. Annuncio • Dec 27
Shenzhen Injoinic Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥19.28, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 64x in the Semiconductor industry in China. Total returns to shareholders of 18% over the past year. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.28, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 64x in the Semiconductor industry in China. Total loss to shareholders of 5.6% over the past year. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: EPS: CN¥0.12. Revenue: CN¥405.2m (up 24% from 3Q 2023). Net income: CN¥50.0m (up 266% from 3Q 2023). Profit margin: 12% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. 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 7.9% 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 Earnings have declined by 7.3% per year over the past 5 years. High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Annuncio • Sep 30
Shenzhen Injoinic Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.79, the stock trades at a trailing P/E ratio of 74.8x. Average trailing P/E is 47x in the Semiconductor industry in China. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.45, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 43x in the Semiconductor industry in China. Total loss to shareholders of 29% over the past year. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.074 (vs CN¥0.041 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.074 (up from CN¥0.041 in 2Q 2023). Revenue: CN¥357.5m (up 21% from 2Q 2023). Net income: CN¥35.1m (up 106% from 2Q 2023). Profit margin: 9.8% (up from 5.8% in 2Q 2023). The increase in margin was driven by higher revenue. Annuncio • Jun 28
Shenzhen Injoinic Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Annuncio • Apr 29
Shenzhen Injoinic Technology Co.,Ltd., Annual General Meeting, May 17, 2024 Shenzhen Injoinic Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Zhuhai, Guangdong China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.04 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.01 (up from CN¥0.04 loss in 1Q 2023). Revenue: CN¥261.2m (up 18% from 1Q 2023). Net income: CN¥3.96m (up CN¥19.0m from 1Q 2023). Profit margin: 1.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Annuncio • Mar 30
Shenzhen Injoinic Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shenzhen Injoinic Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.38 in FY 2022) Full year 2023 results: EPS: CN¥0.11 (down from CN¥0.38 in FY 2022). Revenue: CN¥1.22b (up 41% from FY 2022). Net income: CN¥44.9m (down 71% from FY 2022). Profit margin: 3.7% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Feb 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 7.6% 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: 184% Cash payout ratio: 97% Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.0% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥327.3m (up 63% from 3Q 2022). Net income: CN¥13.7m (down 23% from 3Q 2022). Profit margin: 4.2% (down from 8.9% in 3Q 2022). New Risk • Aug 29
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 179% Dividend per share is over 6x cash flows per share. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: CN¥0.41 (vs CN¥0.10 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.41. Revenue: CN¥295.1m (up 48% from 2Q 2022). Net income: CN¥17.1m (down 57% from 2Q 2022). Profit margin: 5.8% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Annuncio • Jul 30
Shenzhen Injoinic Technology Co.,Ltd. (SHSE:688209) announces an Equity Buyback for CNY 20 million worth of its shares. Shenzhen Injoinic Technology Co.,Ltd. (SHSE:688209) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be repurchased at a price of CNY 24 per share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The program will be valid for a period of 12 months. Annuncio • Jun 28
Shenzhen Injoinic Technology Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Shenzhen Injoinic Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: CN¥0.04 loss per share (vs CN¥0.13 profit in 1Q 2022) First quarter 2023 results: CN¥0.04 loss per share (down from CN¥0.13 profit in 1Q 2022). Revenue: CN¥220.6m (up 7.5% from 1Q 2022). Net loss: CN¥15.0m (down 131% from profit in 1Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.21, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 43x in the Semiconductor industry in China. Total loss to shareholders of 8.0% over the past year. Reported Earnings • Mar 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥0.39. Revenue: CN¥867.3m (up 11% from FY 2021). Net income: CN¥159.6m (flat on FY 2021). Profit margin: 18% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥23.10, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 52x in the Semiconductor industry in China. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.043 (down from CN¥0.17 in 3Q 2021). Revenue: CN¥200.7m (down 6.4% from 3Q 2021). Net income: CN¥17.8m (down 73% from 3Q 2021). Profit margin: 8.9% (down from 31% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Reported Earnings • Aug 21
First half 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.22 in 1H 2021) First half 2022 results: EPS: CN¥0.25 (up from CN¥0.22 in 1H 2021). Revenue: CN¥410.4m (up 4.6% from 1H 2021). Net income: CN¥98.3m (up 16% from 1H 2021). Profit margin: 24% (up from 22% in 1H 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥25.82, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 54x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥23.59, the stock trades at a trailing P/E ratio of 62.6x. Average trailing P/E is 47x in the Semiconductor industry in China. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥19.50, the stock trades at a trailing P/E ratio of 51.7x. Average trailing P/E is 40x in the Semiconductor industry in China. 
