Major Estimate Revision • Apr 29
Consensus revenue estimates decrease by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from CN¥2.87b to CN¥2.43b. EPS estimate unchanged from CN¥0.76 per share at last update. Software industry in China expected to see average net income growth of 55% next year. Consensus price target up from CN¥59.50 to CN¥70.00. Share price fell 7.0% to CN¥55.60 over the past week. New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.08 (vs CN¥0.06 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.08 (up from CN¥0.06 in 1Q 2025). Revenue: CN¥487.6m (up 8.7% from 1Q 2025). Net income: CN¥31.3m (up 26% from 1Q 2025). Profit margin: 6.4% (up from 5.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annuncio • Apr 23
Servyou Software Group Co., Ltd., Annual General Meeting, May 14, 2026 Servyou Software Group Co., Ltd., Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China New Risk • Apr 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% 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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Annuncio • Mar 30
Servyou Software Group Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Servyou Software Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Price Target Changed • Jan 07
Price target increased by 8.7% to CN¥59.50 Up from CN¥54.72, the current price target is an average from 2 analysts. New target price is 7.0% below last closing price of CN¥63.95. Stock is up 133% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.28 last year. Annuncio • Dec 26
Servyou Software Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Servyou Software Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.07 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥503.7m (up 7.4% from 3Q 2024). Net income: CN¥39.4m (up 42% from 3Q 2024). Profit margin: 7.8% (up from 5.9% in 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. New Risk • Oct 14
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 191% Dividend yield: 0.4% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (191% cash payout ratio). Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Annuncio • Sep 30
Servyou Software Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Servyou Software Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.14 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.14 in 2Q 2024). Revenue: CN¥473.7m (up 4.8% from 2Q 2024). Net income: CN¥46.3m (down 17% from 2Q 2024). Profit margin: 9.8% (down from 12% in 2Q 2024). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.8% to CN¥43.54. The fair value is estimated to be CN¥35.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years. 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 7.1% 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: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Annuncio • Jun 30
Servyou Software Group Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Servyou Software Group Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Buy Or Sell Opportunity • Jun 24
Now 21% overvalued Over the last 90 days, the stock has fallen 7.8% to CN¥40.45. The fair value is estimated to be CN¥33.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years. New Risk • Jun 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 94% Dividend yield: 0.5% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (94% cash payout ratio). Large one-off items impacting financial results. Buy Or Sell Opportunity • May 29
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at CN¥41.79. The fair value is estimated to be CN¥33.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 298% in the next 2 years. Declared Dividend • May 26
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 33% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (77% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 216% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% 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: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.28 (up from CN¥0.21 in FY 2023). Revenue: CN¥1.95b (up 6.4% from FY 2023). Net income: CN¥112.6m (up 35% from FY 2023). Profit margin: 5.8% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Apr 18
Servyou Software Group Co., Ltd., Annual General Meeting, May 09, 2025 Servyou Software Group Co., Ltd., Annual General Meeting, May 09, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Buy Or Sell Opportunity • Apr 16
Now 20% undervalued Over the last 90 days, the stock has risen 47% to CN¥41.96. The fair value is estimated to be CN¥52.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 345% in the next 2 years. Annuncio • Mar 28
Servyou Software Group Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Servyou Software Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Buy Or Sell Opportunity • Mar 24
Now 20% undervalued Over the last 90 days, the stock has risen 36% to CN¥43.90. The fair value is estimated to be CN¥55.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 309% in the next 2 years. Buy Or Sell Opportunity • Feb 27
Now 22% undervalued Over the last 90 days, the stock has risen 41% to CN¥43.77. The fair value is estimated to be CN¥55.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 309% in the next 2 years. Buy Or Sell Opportunity • Feb 12
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to CN¥42.67. The fair value is estimated to be CN¥32.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 319% in the next 2 years. Price Target Changed • Feb 06
Price target increased by 17% to CN¥42.90 Up from CN¥36.63, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥37.98. Stock is up 53% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.21 last year. New Risk • Jan 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 8.8% 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: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Buy Or Sell Opportunity • Jan 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to CN¥27.64. The fair value is estimated to be CN¥35.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 305% in the next 2 years. Annuncio • Dec 27
Servyou Software Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Servyou Software Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Buy Or Sell Opportunity • Oct 30
Now 22% undervalued Over the last 90 days, the stock has risen 9.7% to CN¥28.61. The fair value is estimated to be CN¥36.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 52% in 2 years. Earnings are forecast to grow by 305% in the next 2 years. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.036 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.036 in 3Q 2023). Revenue: CN¥469.1m (up 7.3% from 3Q 2023). Net income: CN¥27.7m (up 73% from 3Q 2023). Profit margin: 5.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥27.91. The fair value is estimated to be CN¥36.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 331% in the next 2 years. Annuncio • Sep 30
Servyou Software Group Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Servyou Software Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.19b to CN¥2.11b. EPS estimate also fell from CN¥0.608 per share to CN¥0.52 per share. Net income forecast to grow 241% next year vs 51% growth forecast for Software industry in China. Consensus price target of CN¥36.63 unchanged from last update. Share price fell 3.2% to CN¥23.82 over the past week. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.14. Revenue: CN¥451.8m (up 5.7% from 2Q 2023). Net income: CN¥55.5m (flat on 2Q 2023). Profit margin: 12% (in line with 2Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Buy Or Sell Opportunity • Jul 24
Now 21% undervalued Over the last 90 days, the stock has risen 11% to CN¥25.85. The fair value is estimated to be CN¥32.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 387% in the next 2 years. Annuncio • Jun 29
Servyou Software Group Co., Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Servyou Software Group Co., Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Major Estimate Revision • Jun 28
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥2.14b to CN¥2.19b. EPS estimate increased from CN¥0.55 to CN¥0.608 per share. Net income forecast to grow 239% next year vs 54% growth forecast for Software industry in China. Consensus price target up from CN¥36.63 to CN¥39.29. Share price rose 27% to CN¥28.92 over the past week. Buy Or Sell Opportunity • May 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.3% to CN¥23.94. The fair value is estimated to be CN¥29.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 370% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.08 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.08 (in line with 1Q 2023). Revenue: CN¥362.7m (up 9.7% from 1Q 2023). Net income: CN¥32.8m (up 2.4% from 1Q 2023). Profit margin: 9.0% (in line with 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Price Target Changed • Apr 20
Price target decreased by 16% to CN¥36.63 Down from CN¥43.63, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥21.61. Stock is down 51% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.21 last year. Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.21 (down from CN¥0.35 in FY 2022). Revenue: CN¥1.83b (up 7.7% from FY 2022). Net income: CN¥83.4m (down 42% from FY 2022). Profit margin: 4.6% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China. Major Estimate Revision • Apr 17
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.39b to CN¥2.14b. EPS estimate fell from CN¥0.873 to CN¥0.58 per share. Net income forecast to grow 49% next year vs 66% growth forecast for Software industry in China. Consensus price target down from CN¥43.63 to CN¥40.96. Share price fell 8.4% to CN¥22.05 over the past week. Annuncio • Apr 16
Servyou Software Group Co., Ltd., Annual General Meeting, May 08, 2024 Servyou Software Group Co., Ltd., Annual General Meeting, May 08, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Annuncio • Mar 29
Servyou Software Group Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Servyou Software Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.62, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 37% over the past year. New Risk • Jan 28
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 6.2% 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 High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (8.6% net profit margin). Annuncio • Dec 30
Servyou Software Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Servyou Software Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: CN¥0.036 (vs CN¥0.036 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.036 (in line with 3Q 2022). Revenue: CN¥437.4m (up 11% from 3Q 2022). Net income: CN¥16.0m (up 21% from 3Q 2022). Profit margin: 3.7% (up from 3.4% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Annuncio • Sep 30
Servyou Software Group Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Servyou Software Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (up from CN¥0.11 in 2Q 2022). Revenue: CN¥427.3m (up 10% from 2Q 2022). Net income: CN¥55.5m (up 16% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Annuncio • Jun 28
Servyou Software Group Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Servyou Software Group Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.35 (down from CN¥0.60 in FY 2021). Revenue: CN¥1.70b (up 5.8% from FY 2021). Net income: CN¥143.9m (down 38% from FY 2021). Profit margin: 8.5% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Board Change • Nov 16
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. 4 non-independent directors. Independent Director Changjiang Lu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥32.36, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 30x in the Software industry in China. Total returns to shareholders of 8.0% over the past year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.036 (vs CN¥0.059 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.036 (down from CN¥0.059 in 3Q 2021). Revenue: CN¥392.6m (up 14% from 3Q 2021). Net income: CN¥13.2m (down 48% from 3Q 2021). Profit margin: 3.4% (down from 7.4% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥387.3m (down 4.9% from 2Q 2021). Net income: CN¥47.9m (down 16% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 26%, compared to a 31% growth forecast for the Software industry in China. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.10 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.075 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥298.9m (up 8.0% from 1Q 2021). Net income: CN¥30.4m (down 17% from 1Q 2021). Profit margin: 10% (down from 13% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 19
Full year 2021 earnings released: EPS: CN¥0.60 (vs CN¥0.83 in FY 2020) Full year 2021 results: EPS: CN¥0.60 (down from CN¥0.83 in FY 2020). Revenue: CN¥1.60b (up 4.1% from FY 2020). Net income: CN¥230.8m (down 24% from FY 2020). Profit margin: 14% (down from 20% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥33.12, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 45x in the Software industry in China. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥37.69, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 53x in the Software industry in China. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥38.39, the stock trades at a trailing P/E ratio of 61x. Average trailing P/E is 54x in the Software industry in China. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.07 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥407.2m (up 50% from 2Q 2020). Net income: CN¥56.9m (up 129% from 2Q 2020). Profit margin: 14% (up from 9.2% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥42.43, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 53x in the Software industry in China. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥38.00, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 50x in the Software industry in China.