Major Estimate Revision • 20h
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥9.05b to CN¥9.39b. EPS estimate increased from CN¥1.24 to CN¥1.40 per share. Net income forecast to grow 13% next year vs 52% growth forecast for Software industry in China. Consensus price target up from CN¥127 to CN¥131. Share price rose 6.4% to CN¥125 over the past week. Board Change • Apr 29
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Head of Internal Audit Department & Director Li Ye Xiao was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 08
Sangfor Technologies Inc. (SZSE:300454) announces an Equity Buyback for CNY 90 million worth of its shares. Sangfor Technologies Inc. (SZSE:300454) announces a share repurchase program. Under the program, the company will repurchase up to CNY 90 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 120 per share. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase its shares. The repurchase program is valid for a period of 12 months. Major Estimate Revision • Apr 07
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥9.83b to CN¥9.07b. EPS estimate also fell from CN¥1.64 per share to CN¥1.31 per share. Net income forecast to grow 43% next year vs 66% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥128. Share price fell 5.7% to CN¥95.89 over the past week. New Risk • Apr 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 02
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.93 (up from CN¥0.47 in FY 2024). Revenue: CN¥8.04b (up 7.0% from FY 2024). Net income: CN¥392.8m (up 100% from FY 2024). Profit margin: 4.9% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 4.1%. Revenue is forecast to grow 15% 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 increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annuncio • Mar 31
Sangfor Technologies Inc. to Report Q1, 2026 Results on Apr 28, 2026 Sangfor Technologies Inc. announced that they will report Q1, 2026 results on Apr 28, 2026 Major Estimate Revision • Mar 10
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥8.36b to CN¥8.10b. EPS estimate also fell from CN¥1.14 per share to CN¥0.939 per share. Net income forecast to shrink 8.7% next year vs 56% growth forecast for Software industry in China . Consensus price target broadly unchanged at CN¥130. Share price rose 9.8% to CN¥130 over the past week. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥133, the stock trades at a forward P/E ratio of 93x. Average forward P/E is 51x in the Software industry in China. Total returns to shareholders of 3.2% over the past three years. Annuncio • Dec 31
Sangfor Technologies Inc. to Report Fiscal Year 2025 Results on Apr 01, 2026 Sangfor Technologies Inc. announced that they will report fiscal year 2025 results on Apr 01, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.029 in 3Q 2024). Revenue: CN¥2.12b (up 9.9% from 3Q 2024). Net income: CN¥147.1m (up CN¥134.8m from 3Q 2024). Profit margin: 7.0% (up from 0.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 16% 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 increased by 53% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥106, the stock trades at a forward P/E ratio of 88x. Average forward P/E is 54x in the Software industry in China. Total returns to shareholders of 1.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥194 per share. Annuncio • Sep 30
Sangfor Technologies Inc. to Report Q3, 2025 Results on Oct 28, 2025 Sangfor Technologies Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Price Target Changed • Sep 10
Price target increased by 7.2% to CN¥121 Up from CN¥113, the current price target is an average from 9 analysts. New target price is 9.6% above last closing price of CN¥110. Stock is up 139% over the past year. The company is forecast to post earnings per share of CN¥1.01 for next year compared to CN¥0.47 last year. Major Estimate Revision • Aug 28
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.899 to CN¥1.02. Revenue forecast steady at CN¥8.35b. Net income forecast to shrink 12% next year vs 55% growth forecast for Software industry in China . Consensus price target up from CN¥111 to CN¥114. Share price rose 20% to CN¥125 over the past week. Reported Earnings • Aug 23
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: CN¥0.052 (up from CN¥0.25 loss in 2Q 2024). Revenue: CN¥1.75b (up 4.5% from 2Q 2024). Net income: CN¥22.0m (up CN¥125.2m from 2Q 2024). Profit margin: 1.3% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 15% 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 increased by 61% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Aug 22
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 6.7% 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. Price Target Changed • Jul 30
Price target increased by 13% to CN¥121 Up from CN¥107, the current price target is an average from 8 analysts. New target price is 20% above last closing price of CN¥101. Stock is up 105% over the past year. The company is forecast to post earnings per share of CN¥0.90 for next year compared to CN¥0.47 last year. Annuncio • Jul 02
Sangfor Technologies Inc. to Report First Half, 2025 Results on Aug 22, 2025 Sangfor Technologies Inc. announced that they will report first half, 2025 results on Aug 22, 2025 Declared Dividend • Jun 09
Dividend increased to CN¥0.063 Dividend of CN¥0.063 is 26% higher than last year. Ex-date: 13th June 2025 Payment date: 13th June 2025 Dividend yield will be 0.06%, which is lower than the industry average of 0.8%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 4%. Annuncio • Jun 03
Sangfor Backup Platform Powered by Veeam Sets to Deliver Effortless, Enterprise-Grade Data Protection Sangfor Technologies announced Sangfor Backup Platform (SBP) Powered by Veeam, the industry's #1 backup and recovery solution. This platform combines Sangfor Hyper Converged Infrastructure (HCI) with Veeam's cutting-edge technology, delivering advanced backupcapabilities that eliminate operational complexity, reduce costs, and safeguard critical workloads with unmatched efficiency. In today's hybrid-cloud landscape, enterprises demand agility without compromising security. Sangfor Backup Platform Powered by Veeam eliminates the need for resource-heavy backup agents, delivering a frictionless experience that aligns with modern IT priorities: Effortless Backup & Zero-Overhead Operations Automatically discover and protect VMs without installing agents. Schedule full and incremental backups with minimal performance impact, reducing operational overhead by up to 50%. Flexible Recovery: Minimize downtime with one-click restoration of entire VMs or individual files via Disk Recovery and File-Level Restore. Mount backups directly from storage repositories for quick VM recovery. Coming soon in the phase 2 integration. Centralized Management: Monitor backups, storage health, and tasks via Sangfor's intuitive dashboard. Customize alerts and manage multi-site deployments effortlessly. Robust Security & Compliance: Ensure data integrity with encryption (in transit and at rest), and meet strict SLAs with WORM-enabled file or object storage options provided by Sangfor aStor. Future-Proof Architecture: Cloud Tiering: Optimize costs by archiving backups to AWS S3, Azure Blob, or other object storage. Seamlessly transition from VMware to Sangfor HCI while retaining existing Veeam backup files. Annuncio • May 17
Sangfor Technologies Inc. Approves Cash Dividend for 2024 Sangfor Technologies Inc. held its Annual General Meeting of 2024 on 15 May 2025, approved cash dividend of CNY 0.63000000 per ten shares (tax included) for 2024. Annuncio • Apr 25
Sangfor Technologies Inc., Annual General Meeting, May 15, 2025 Sangfor Technologies Inc., Annual General Meeting, May 15, 2025, at 15:00 China Standard Time. Location: Floor B1, No. 2, Zhiyuan Middle Road, Longhua New District, Shenzhen, Guangdong China New Risk • Apr 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results. Annuncio • Apr 01
Sangfor Technologies Inc. Proposes Final Dividend for 2024 Sangfor Technologies Inc. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 0.63000000. Annuncio • Mar 31
Sangfor Technologies Inc. to Report Q1, 2025 Results on Apr 25, 2025 Sangfor Technologies Inc. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.47 (in line with FY 2023). Revenue: CN¥7.52b (down 1.9% from FY 2023). Net income: CN¥196.9m (flat on FY 2023). Profit margin: 2.6% (in line with FY 2023). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 23%. Revenue is forecast to grow 15% 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 increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Major Estimate Revision • Mar 03
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥8.67b to CN¥8.94b. EPS estimate increased from CN¥0.947 to CN¥1.08 per share. Net income forecast to grow 147% next year vs 68% growth forecast for Software industry in China. Consensus price target up from CN¥77.54 to CN¥86.68. Share price fell 10% to CN¥102 over the past week. Price Target Changed • Feb 19
Price target increased by 10% to CN¥77.54 Up from CN¥70.32, the current price target is an average from 9 analysts. New target price is 24% below last closing price of CN¥102. Stock is up 70% over the past year. The company is forecast to post earnings per share of CN¥0.61 for next year compared to CN¥0.47 last year. New Risk • Feb 14
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 8.9% 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: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Annuncio • Jan 16
Sangfor Technologies Inc. (SZSE:300454) announces an Equity Buyback for CNY 200 million worth of its shares. Sangfor Technologies Inc. (SZSE:300454) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 80 per share. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase its shares. The repurchase program is valid for a period of 12 months. Buy Or Sell Opportunity • Jan 16
Now 20% overvalued Over the last 90 days, the stock has fallen 21% to CN¥54.69. The fair value is estimated to be CN¥45.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 243% in the next 2 years. Annuncio • Dec 31
Sangfor Technologies Inc. to Report Fiscal Year 2024 Results on Mar 29, 2025 Sangfor Technologies Inc. announced that they will report fiscal year 2024 results on Mar 29, 2025 Major Estimate Revision • Nov 02
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.775 to CN¥0.688 per share. Revenue forecast steady at CN¥7.91b. Net income forecast to grow 147% next year vs 67% growth forecast for Software industry in China. Consensus price target up from CN¥61.09 to CN¥67.81. Share price fell 5.5% to CN¥62.79 over the past week. Price Target Changed • Oct 28
Price target increased by 7.7% to CN¥65.81 Up from CN¥61.09, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of CN¥67.76. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.47 last year. Reported Earnings • Oct 25
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.029 (up from CN¥0.019 in 3Q 2023). Revenue: CN¥1.93b (up 2.8% from 3Q 2023). Net income: CN¥12.3m (up 55% from 3Q 2023). Profit margin: 0.6% (up from 0.4% in 3Q 2023). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 84%. Revenue is forecast to grow 16% 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 increased by 4% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 08
Price target increased by 8.7% to CN¥60.37 Up from CN¥55.53, the current price target is an average from 12 analysts. New target price is 28% below last closing price of CN¥84.29. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.47 last year. Annuncio • Sep 30
Sangfor Technologies Inc. to Report Q3, 2024 Results on Oct 25, 2024 Sangfor Technologies Inc. announced that they will report Q3, 2024 results on Oct 25, 2024 Price Target Changed • Aug 28
Price target decreased by 9.1% to CN¥58.16 Down from CN¥63.98, the current price target is an average from 11 analysts. New target price is 24% above last closing price of CN¥46.82. Stock is down 56% over the past year. The company is forecast to post earnings per share of CN¥0.69 for next year compared to CN¥0.47 last year. Reported Earnings • Aug 23
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: CN¥0.25 loss per share (improved from CN¥0.34 loss in 2Q 2023). Revenue: CN¥1.67b (down 2.8% from 2Q 2023). Net loss: CN¥103.2m (loss narrowed 27% from 2Q 2023). Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 16% 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 25% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Annuncio • May 31
Sangfor Technologies Inc. Announces 2023 Final Profit Distribution Plan to Be Implemented for (A Shares), Payable on June 5, 2024 Sangfor Technologies Inc. announced 2023 final profit distribution plan to be implemented for (A shares), Cash dividend/10 shares (tax included) is CNY 0.50000000. Record date: 04 June 2024, Ex-date: 05 June 2024, Payment date: 05 June 2024. Major Estimate Revision • May 02
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¥8.50b to CN¥8.01b. EPS estimate also fell from CN¥0.802 per share to CN¥0.693 per share. Net income forecast to grow 201% next year vs 56% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥68.90. Share price was steady at CN¥54.74 over the past week. Annuncio • Apr 28
Sangfor Technologies Inc., Annual General Meeting, May 16, 2024 Sangfor Technologies Inc., Annual General Meeting, May 16, 2024, at 15:00 China Standard Time. Location: Floor B1, No. 2, Zhiyuan Middle Road, Longhua District, Shenzhen, Guangdong China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts and 2024 financial budget report; to consider 2023 profit distribution plan; to consider 2024 cash management with some idle proprietary funds; and to consider other business matters. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CN¥1.16 loss per share (further deteriorated from CN¥0.99 loss in 1Q 2023). Revenue: CN¥1.04b (down 15% from 1Q 2023). Net loss: CN¥488.8m (loss widened 19% from 1Q 2023). Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 42% per year. Price Target Changed • Apr 16
Price target decreased by 10% to CN¥69.95 Down from CN¥78.02, the current price target is an average from 12 analysts. New target price is 31% above last closing price of CN¥53.59. Stock is down 60% over the past year. The company is forecast to post earnings per share of CN¥0.80 for next year compared to CN¥0.47 last year. Major Estimate Revision • Apr 16
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥9.05b to CN¥8.50b. EPS estimate also fell from CN¥1.13 per share to CN¥0.802 per share. Net income forecast to grow 70% next year vs 70% growth forecast for Software industry in China. Consensus price target down from CN¥78.02 to CN¥69.95. Share price fell 9.5% to CN¥53.59 over the past week. New Risk • Apr 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% 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. Price Target Changed • Apr 10
Price target decreased by 9.6% to CN¥75.45 Down from CN¥83.48, the current price target is an average from 12 analysts. New target price is 32% above last closing price of CN¥57.17. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.47 last year. Reported Earnings • Apr 10
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.47 (in line with FY 2022). Revenue: CN¥7.66b (up 3.4% from FY 2022). Net income: CN¥197.8m (up 1.9% from FY 2022). Profit margin: 2.6% (in line with FY 2022). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 40% per year, which means it has not declined as severely as earnings. Annuncio • Apr 09
Sangfor Technologies Announces the Launch of Sangfor Omni-Command, a Extended Detection and Response (XDR) Platform Set to Redefine Cybersecurity Sangfor Technologies announced the launch of Sangfor Omni-Command, a Extended Detection and Response (XDR) platform set to redefine cybersecurity. Amid escalating cyber threats, traditional security measures are falling short. Its are faced with a stark reality: no security system is foolproof, and the consequences of a single breach can be devastating for any organization. Sangfor Omni-Command breaks the limits of traditional security solutions and introduces a transformative approach to cybersecurity. Sangfor Omni-Command stands out as one of the industry's first on-premises XDR solutions. It offers extensive visibility by ingesting data from network, endpoint, and server environments for correlation and analysis. Using big data analytics and AI-driven analysis engines, it accurately detects 99% of advanced threats like ransomware, APT, and zero-day attacks. Omni-Command facilitates threat hunting through its advanced search capabilities, enabling teams to proactively hunt for threats by searching for specific hosts, files, processes, registry updates, network connections, and more. Omni-Command's integration of Sangfor Security GPT, a generative AI security operations tool, is the game-changer. Born from over eight years of development and trained on extensive security data, it deeply understands and navigates complex cyber threats. Security GPT's intelligent alert correlation transforms numerous alerts into single, actionable incidents, reducing false positives by 90%. Security teams can interact with the platform using everyday language to swiftly access crucial information, cutting down investigation time from hours to minutes. Omni-Command is more than a platform. It is a comprehensive ecosystem that unifies multiple security technologies from one vendor, cutting costs by 50%. Its compatibility with diverse third-party security tools further enhances data unification, increasing operational efficiency and cost savings. This seamless integration into a cohesive system ensures robust protection and optimized security operations, representing a significant step forward in securing the digital landscape. Annuncio • Mar 30
Sangfor Technologies Inc. to Report Q1, 2024 Results on Apr 26, 2024 Sangfor Technologies Inc. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥61.22, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 29x in the Software industry in China. Total loss to shareholders of 75% over the past three years. Major Estimate Revision • Mar 12
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.62 to CN¥0.557 per share. Revenue forecast steady at CN¥7.82b. Net income forecast to grow 24% next year vs 81% growth forecast for Software industry in China. Consensus price target down from CN¥89.39 to CN¥78.02. Share price was steady at CN¥63.15 over the past week. Buy Or Sell Opportunity • Mar 01
Now 22% overvalued Over the last 90 days, the stock has fallen 24% to CN¥65.45. The fair value is estimated to be CN¥53.84, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Price Target Changed • Feb 25
Price target decreased by 8.2% to CN¥89.39 Down from CN¥97.33, the current price target is an average from 11 analysts. New target price is 45% above last closing price of CN¥61.71. Stock is down 56% over the past year. The company is forecast to post earnings per share of CN¥0.64 for next year compared to CN¥0.47 last year. Major Estimate Revision • Feb 24
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥0.767 to CN¥0.636. Revenue forecast unchanged from CN¥7.65b at last update. Net income forecast to grow 43% next year vs 81% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥96.82. Share price rose 6.0% to CN¥61.71 over the past week. Annuncio • Feb 02
Sangfor Technologies Inc. (SZSE:300454) announces an Equity Buyback for CNY 200 million worth of its shares. Sangfor Technologies Inc. (SZSE:300454) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 100 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. The repurchase program is valid for 12 months. Annuncio • Dec 29
Sangfor Technologies Inc. to Report Fiscal Year 2023 Results on Apr 10, 2024 Sangfor Technologies Inc. announced that they will report fiscal year 2023 results on Apr 10, 2024 Annuncio • Dec 04
Sangfor Announces the Only Solution Available That Kills Ransomware in 3 Seconds Sangfor Technologies announced their new 3 Seconds to Kill Ransomware solution. It is a bold statement backed up by bold new technology. The 3 Seconds to Kill Ransomware solution, based on Sangfor’s XDDR (eXtended Detection, Defense & Response) integration framework, offers organizations big and small a modular, robust anti-ransomware capability that can be tailored to their needs. Core to 3 Seconds to Kill Ransomware are the new Endpoint Secure 6.0.2 and new Network Secure advanced firewall. Endpoint Secure has been the future of endpoint security, and the far future is now. With cutting-edge anti-ransomware technology, Sangfor has tested and verified that Endpoint Secure can detect and kill ransomware or other advanced persistent threats (APTs) in as little as 3 seconds. Moreover, if any files have been encrypted, accurate file rollback or VSS restoration occurs starting at 4 seconds. This is why AV-Test, a leading independent organization specializing in IT security product evaluation, has consistently awarded Sangfor Endpoint Secure TOP PRODUCT for its performance and detection capabilities. Network Secure can detect suspicious activity like a workstation attempting to connect to a command & control server. Once detected, Network Secure will direct Endpoint Secure to run local scans to see if an infection or breach has occurred. If so, Network Secure can direct Endpoint Secure to microsegment and disconnect from the network to prevent lateral spread. Network Secure has long been a Visionary in the Gartner Magic Quadrant for Network Firewalls and has received the “RECOMMENDED” rating (the highest honor offered) from the independent testing organization, CyberRatings. Other components of 3 Seconds to Kill Ransomware include Cyber Command for threat hunting and SOAR, Cyber Guardian MDR for managed services, and HCI for backup. The integration of each component in the 3 Seconds to Kill Ransomware solution covers one or more steps in the ransomware attack kill chain, ensuring rapid detection and response and always-on threat hunting, providing complete protection against ransomware and APTs. Join Sangfor for an exclusive webinar on December 5, 2023, celebrating the launch of the 3 Seconds to Kill Ransomware solution. Guy Rosefelt, Sangfor Chief Product Officer, will offer a deep dive into this groundbreaking solution, including a demonstration showcasing how quickly and accurately it neutralizes threats. Price Target Changed • Oct 27
Price target decreased by 10.0% to CN¥112 Down from CN¥124, the current price target is an average from 11 analysts. New target price is 36% above last closing price of CN¥82.50. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.47 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.019 (up from CN¥0.017 loss in 3Q 2022). Revenue: CN¥1.87b (down 3.0% from 3Q 2022). Net income: CN¥7.94m (up CN¥15.1m from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 86%. 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. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: CN¥0.34 loss per share (improved from CN¥0.42 loss in 2Q 2022). Revenue: CN¥1.72b (up 3.0% from 2Q 2022). Net loss: CN¥141.5m (loss narrowed 18% from 2Q 2022). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates. 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. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annuncio • Aug 23
Sangfor Technologies Launches Sangfor Access Secure - A Revolutionary SASE Solution in Thailand Sangfor Technologies launched Sangfor Access Secure - an innovative Secure Access Service Edge (SASE) solution - in Thailand. This new product showcases Sangfor's continuous commitment to developing cutting-edge technology and caters to local data sovereignty regulations. The solution marks a monumental step in unifying both network and security services under a cloud-centric framework - enhancing operational efficiency, simplifying processes, and optimizing costs. What sets Sangfor Access Secure apart is its emphasis on data sovereignty, made possible through localized data processing. This crucial feature enables Thai enterprises to comply with domestic data protection laws while enjoying the premium connectivity and performance of Sangfor's international SASE infrastructure. Perfect for businesses across all industries, this SASE solution addresses modern security and networking challenges, including remote work, international collaboration, and ever-increasing demand for greater application performance. Its distinctive design ensures fluid, secure, and rapid connectivity, positioning it as a transformative tool in the contemporary digital landscape. As a cloud-native platform, Sangfor Access Secure effortlessly scales with business's evolution, promising consistent connectivity and outstanding digital performance. Enhanced visibility and real-time analytics give users a comprehensive view of their network operations, elevating performance, bolstering security, and fostering informed decision-making. The platform also prides itself on its advanced cybersecurity features. Powered by AI-driven threat detection, it safeguards network and data from sophisticated cyber threats. All these capabilities are accessible through a user-friendly central management interface, ensuring that businesses can easily grasp the status of their networks at a glance. Annuncio • Aug 01
Sangfor Technologies Inc. Officially Launches Its Cyber Guardian MDR (Managed Detection and Response) Services in Asia Pacific Sangfor Technologies Inc. has deployed the most advanced integrated security platforms to ensure the best solutions and IT architecture for growing organizations. Sangfor is excited to officially launch its Cyber Guardian MDR (Managed Detection and Response) service to make cybersecurity more efficient and cost-effective for companies within the Asia Pacific (APAC) region. Having established Cyber Guardian MDR as a robust and formidable cybersecurity solution in Malaysia in July of 2021, Sangfor is now expanding its reach by empowering all businesses throughout APAC. Sangfor's Cyber Guardian MDR is a leading Managed Detection and Response (MDR) service leveraging advanced purpose-built AI technology, extensive incident response experience, and proven methodologies to deliver the most relevant response recommendations and ensure accurate threat detection. Sangfor understands the growing dangers organizations face daily in a modern digital world. Sophisticated and rapidly evolving threats are constantly working to undermine and destabilize infrastructure. Sangfor's Cyber GuardianMDR services provides continuous and consistent protection, monitoring, and response. This service ensures real-time notifications about threats, vulnerabilities, and indicators of cyber-attacks. The company keep updated on relevant cyber threats while providing regular remediation recommendations and solutions. These advisories help company overcome security incidents while improving overall cybersecurity. Annuncio • Jul 01
Sangfor Technologies Inc. to Report First Half, 2023 Results on Aug 25, 2023 Sangfor Technologies Inc. announced that they will report first half, 2023 results on Aug 25, 2023 Annuncio • May 18
Sangfor Technologies Inc. Approves Board Appointments Sangfor Technologies Inc. at its Annual General Meeting of 2022 held on 16 May 2023, approved the appointment of Ye Qinhua, Zeng Bin and Qian Zhen as Independent Director and Hao Dan as Non-Employee Supervisor. Reported Earnings • Apr 14
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥0.47 (down from CN¥0.67 in FY 2021). Revenue: CN¥7.41b (up 8.9% from FY 2021). Net income: CN¥194.2m (down 29% from FY 2021). Profit margin: 2.6% (down from 4.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. 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. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 14
Price target increased by 8.1% to CN¥142 Up from CN¥132, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥138. Stock is up 39% over the past year. Buying Opportunity • Apr 13
Now 21% undervalued Over the last 90 days, the stock is up 8.3%. The fair value is estimated to be CN¥177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 20
Now 26% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be CN¥179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 02
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be CN¥180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Feb 08
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be CN¥179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Jan 28
Price target increased by 11% to CN¥132 Up from CN¥119, the current price target is an average from 10 analysts. New target price is 14% below last closing price of CN¥154. Stock is down 0.3% over the past year. The company is forecast to post earnings per share of CN¥0.47 for next year compared to CN¥0.67 last year. Price Target Changed • Dec 19
Price target decreased to CN¥114 Down from CN¥126, the current price target is an average from 9 analysts. New target price is 6.3% above last closing price of CN¥107. Stock is down 47% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.67 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Dan Hao was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: CN¥0.017 loss per share (down from CN¥0.001 profit in 3Q 2021). Revenue: CN¥1.93b (up 8.0% from 3Q 2021). Net loss: CN¥7.15m (down CN¥7.60m from profit in 3Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: CN¥0.42 loss per share (down from CN¥0.095 loss in 2Q 2021). Revenue: CN¥1.67b (up 12% from 2Q 2021). Net loss: CN¥171.8m (loss widened 366% from 2Q 2021). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 164%. Over the next year, revenue is forecast to grow 40%, compared to a 33% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 18
Price target decreased to CN¥125 Down from CN¥136, the current price target is an average from 12 analysts. New target price is 26% above last closing price of CN¥99.98. Stock is down 62% over the past year. The company is forecast to post earnings per share of CN¥1.19 for next year compared to CN¥0.67 last year. Price Target Changed • Jun 29
Price target decreased to CN¥138 Down from CN¥148, the current price target is an average from 13 analysts. New target price is 34% above last closing price of CN¥103. Stock is down 60% over the past year. The company is forecast to post earnings per share of CN¥1.24 for next year compared to CN¥0.67 last year. Annuncio • Jun 09
Sangfor Technologies Inc. Implements Profit Distribution Plan for 2021, Payable on June 14, 2022 Sangfor Technologies Inc. announces 2021 final profit distribution plan to be implemented (A shares) as cash dividend (tax included) of CNY 0.70000000 per 10 shares for the year 2021. Record date is 13 June 2022, Ex-date is 14 June 2022, Payment date is 14 June 2022. Annuncio • May 20
Sangfor Technologies Inc. Approves Cash Dividend for 2021 Sangfor Technologies Inc. held its Annual General Meeting of 2021 on May 18, 2022, approved cash dividend (tax included) of CNY 0.70000000 per 10 shares for the year 2021. Price Target Changed • May 01
Price target decreased to CN¥182 Down from CN¥202, the current price target is an average from 17 analysts. New target price is 104% above last closing price of CN¥89.15. Stock is down 67% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥0.67 last year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥1.25 loss per share (down from CN¥0.23 loss in 1Q 2021). Revenue: CN¥1.14b (up 4.8% from 1Q 2021). Net loss: CN¥517.7m (loss widened 439% from 1Q 2021). Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 221%. Over the next year, revenue is forecast to grow 40%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Non-Employee Supervisor Haibin Hu is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 21
Price target decreased to CN¥204 Down from CN¥229, the current price target is an average from 16 analysts. New target price is 109% above last closing price of CN¥97.60. Stock is down 65% over the past year. The company is forecast to post earnings per share of CN¥2.72 for next year compared to CN¥0.67 last year.