Board Change • May 20
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 Hua Zhou was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 25
Beijing Trust & Far Technology Co.,Ltd, Annual General Meeting, May 18, 2026 Beijing Trust & Far Technology Co.,Ltd, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Annuncio • Mar 31
Beijing Trust & Far Technology Co.,Ltd to Report Q1, 2026 Results on Apr 25, 2026 Beijing Trust & Far Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 25, 2026 Annuncio • Dec 31
Beijing Trust & Far Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 25, 2026 Beijing Trust & Far Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 25, 2026 Annuncio • Sep 30
Beijing Trust&Far Technology CO.,LTD to Report Q3, 2025 Results on Oct 30, 2025 Beijing Trust&Far Technology CO.,LTD announced that they will report Q3, 2025 results on Oct 30, 2025 Annuncio • Jul 02
Beijing Trust&Far Technology CO.,LTD to Report First Half, 2025 Results on Aug 27, 2025 Beijing Trust&Far Technology CO.,LTD announced that they will report first half, 2025 results on Aug 27, 2025 Annuncio • Apr 25
Beijing Trust&Far Technology Co.,Ltd Proposes Final Cash Dividend for 2024 Beijing Trust&Far Technology CO.,LTD proposed final cash dividend of CNY 1.00000000 per ten shares (tax included) for 2024. Annuncio • Apr 24
Beijing Trust&Far Technology CO.,LTD, Annual General Meeting, May 15, 2025 Beijing Trust&Far Technology CO.,LTD, Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Annuncio • Mar 31
Beijing Trust&Far Technology CO.,LTD to Report Q1, 2025 Results on Apr 24, 2025 Beijing Trust&Far Technology CO.,LTD announced that they will report Q1, 2025 results on Apr 24, 2025 Annuncio • Dec 31
Beijing Trust&Far Technology CO.,LTD to Report Fiscal Year 2024 Results on Apr 24, 2025 Beijing Trust&Far Technology CO.,LTD announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.094 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.025 (down from CN¥0.094 in 3Q 2023). Revenue: CN¥376.3m (down 17% from 3Q 2023). Net income: CN¥10.5m (down 73% from 3Q 2023). Profit margin: 2.8% (down from 8.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 16
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 84% to CN¥12.37. The fair value is estimated to be CN¥9.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 19%. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.93, the stock trades at a trailing P/E ratio of 71.7x. Average trailing P/E is 62x in the IT industry in China. Total returns to shareholders of 56% over the past three years. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (125% payout ratio). Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Buy Or Sell Opportunity • Sep 30
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to CN¥11.82. The fair value is estimated to be CN¥9.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 19%. Annuncio • Sep 30
Beijing Trust&Far Technology CO.,LTD to Report Q3, 2024 Results on Oct 30, 2024 Beijing Trust&Far Technology CO.,LTD announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥9.85, the stock trades at a trailing P/E ratio of 62x. Average trailing P/E is 55x in the IT industry in China. Total returns to shareholders of 32% over the past three years. Buy Or Sell Opportunity • Sep 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to CN¥7.28. The fair value is estimated to be CN¥9.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 19%. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.057 (vs CN¥0.14 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.057 (down from CN¥0.14 in 2Q 2023). Revenue: CN¥404.2m (down 26% from 2Q 2023). Net income: CN¥23.8m (down 60% from 2Q 2023). Profit margin: 5.9% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Jul 02
Beijing Trust&Far Technology CO.,LTD Approves Board Appointments Beijing Trust&Far Technology CO.,LTD announced at the EGM held on June 28, 2024, approved election of Sun Yanning as non-independent director; Zhou Hua as independent director. Annuncio • Jun 29
Beijing Trust&Far Technology CO.,LTD to Report First Half, 2024 Results on Aug 30, 2024 Beijing Trust&Far Technology CO.,LTD announced that they will report first half, 2024 results on Aug 30, 2024 Declared Dividend • May 24
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 2.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 8.8% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.1% EPS decline seen over the last 5 years. New Risk • Apr 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 160% 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 (11% average weekly change). Large one-off items impacting financial results. Annuncio • Apr 24
Beijing Trust&Far Technology CO.,LTD, Annual General Meeting, May 15, 2024 Beijing Trust&Far Technology CO.,LTD, Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.049 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.04 (down from CN¥0.049 in 1Q 2023). Revenue: CN¥376.6m (down 19% from 1Q 2023). Net income: CN¥16.6m (down 21% from 1Q 2023). Profit margin: 4.4% (down from 4.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annuncio • Mar 30
Beijing Trust&Far Technology CO.,LTD to Report Q1, 2024 Results on Apr 24, 2024 Beijing Trust&Far Technology CO.,LTD announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥10.88, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 55x in the IT industry in China. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥8.88, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 45x in the IT industry in China. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥7.16, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 46x in the IT industry in China. Total returns to shareholders of 5.7% over the past three years. Annuncio • Dec 30
Beijing Trust&Far Technology CO.,LTD to Report Fiscal Year 2023 Results on Apr 24, 2024 Beijing Trust&Far Technology CO.,LTD announced that they will report fiscal year 2023 results on Apr 24, 2024 Buying Opportunity • Nov 24
Now 24% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be CN¥14.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Nov 01
Now 22% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be CN¥15.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.094 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.094 (down from CN¥0.12 in 3Q 2022). Revenue: CN¥454.0m (down 22% from 3Q 2022). Net income: CN¥39.5m (down 24% from 3Q 2022). Profit margin: 8.7% (down from 9.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Annuncio • Sep 30
Beijing Trust&Far Technology CO.,LTD to Report Q3, 2023 Results on Oct 28, 2023 Beijing Trust&Far Technology CO.,LTD announced that they will report Q3, 2023 results on Oct 28, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥13.34, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 64x in the IT industry in China. Total returns to shareholders of 37% over the past three years. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.14 (down from CN¥0.16 in 2Q 2022). Revenue: CN¥549.0m (up 18% from 2Q 2022). Net income: CN¥58.9m (down 12% from 2Q 2022). Profit margin: 11% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥10.82, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 57x in the IT industry in China. Total returns to shareholders of 29% over the past three years. Annuncio • May 12
Beijing Trust&Far Technology Co.,Ltd Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 17 May 2023 Beijing Trust&Far Technology CO.,LTD implemented 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.00000000. Record date: 16 May 2023, Ex-date: 17 May 2023, Payment date: 17 May 2023. Annuncio • May 06
Beijing Trust&Far Technology Announces Cash Dividend for 2022 Beijing Trust&Far Technology CO.,LTD announced the at the AGM held on May 4, 2023 cash dividend (tax included) of CNY 2.00000000 per 10 shares for 2022. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.64, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 61x in the IT industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.41 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (up from CN¥0.41 in FY 2021). Revenue: CN¥2.42b (up 3.2% from FY 2021). Net income: CN¥173.8m (up 2.0% from FY 2021). Profit margin: 7.2% (down from 7.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥10.07, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 60x in the IT industry in China. Total returns to shareholders of 30% over the past three years. 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. 3 non-independent directors. Independent Director Zhenping Hao 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 • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.12 in 3Q 2021). Revenue: CN¥583.0m (up 6.4% from 3Q 2021). Net income: CN¥52.2m (up 7.6% from 3Q 2021). Profit margin: 9.0% (up from 8.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥465.6m (down 30% from 2Q 2021). Net income: CN¥66.9m (down 8.6% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.057 (vs CN¥0.053 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.057 (up from CN¥0.053 in 1Q 2021). Revenue: CN¥658.8m (up 20% from 1Q 2021). Net income: CN¥23.7m (up 6.3% from 1Q 2021). Profit margin: 3.6% (down from 4.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging 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. 2 experienced directors. No highly experienced directors. Independent Director Zhenping Hao is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 10
Full year 2021 earnings released: EPS: CN¥0.41 (vs CN¥0.39 in FY 2020) Full year 2021 results: EPS: CN¥0.41 (up from CN¥0.39 in FY 2020). Revenue: CN¥2.35b (up 1.4% from FY 2020). Net income: CN¥170.3m (up 4.7% from FY 2020). Profit margin: 7.3% (up from 7.0% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.12 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings, although profit margins were flat and revenues improved. Third quarter 2021 results: Revenue: CN¥548.1m (up 5.5% from 3Q 2020). Net income: CN¥48.5m (down 3.1% from 3Q 2020). Profit margin: 8.8% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.16 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥667.9m (up 26% from 2Q 2020). Net income: CN¥73.1m (up 8.1% from 2Q 2020). Profit margin: 11% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Apr 21
First quarter 2021 earnings released: EPS CN¥0.053 (vs CN¥0.047 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥548.8m (up 45% from 1Q 2020). Net income: CN¥22.3m (up 13% from 1Q 2020). Profit margin: 4.1% (down from 5.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS CN¥0.39 (vs CN¥0.32 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥2.32b (up 50% from FY 2019). Net income: CN¥162.6m (up 20% from FY 2019). Profit margin: 7.0% (down from 8.8% in FY 2019). The decrease in margin was driven by higher expenses. 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 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 02
New 90-day low: CN¥7.95 The company is down 31% from its price of CN¥11.54 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 25% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥8.50 The company is down 15% from its price of CN¥9.96 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 22% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥9.65 The company is down 8.0% from its price of CN¥10.53 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 13% over the same period. Is New 90 Day High Low • Nov 26
New 90-day low: CN¥9.93 The company is down 8.0% from its price of CN¥10.84 on 28 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 13% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥157.1m, up 23% from the prior year. Total revenue was CN¥1.98b over the last 12 months, up 44% from the prior year.