Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Changsheng Xu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 30
Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 21, 2026 Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 21, 2026, at 14:00 China Standard Time. Location: 9F, Building C3, Optical Valley Software Park, Hongshan District, Wuhan, Hubei China Annuncio • Mar 30
Shenzhen Fortune Trend Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Annuncio • Dec 26
Shenzhen Fortune Trend Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Annuncio • Sep 30
Shenzhen Fortune Trend Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Annuncio • Jun 30
Shenzhen Fortune Trend Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Annuncio • Apr 30
Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 20, 2025 Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 9F, Building C3, Optical Valley Software Park, Hongshan District, Wuhan, Hubei China Annuncio • Mar 28
Shenzhen Fortune Trend Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Annuncio • Dec 27
Shenzhen Fortune Trend Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.44 in 3Q 2023). Revenue: CN¥62.7m (down 38% from 3Q 2023). Net income: CN¥43.6m (down 45% from 3Q 2023). Profit margin: 70% (down from 79% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in China. Annuncio • Sep 30
Shenzhen Fortune Trend technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥103, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 28x in the Software industry in China. Total returns to shareholders of 4.6% over the past year. New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). High level of non-cash earnings (24% accrual ratio). New Risk • Sep 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.34 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.34 in 2Q 2023). Revenue: CN¥76.6m (down 7.0% from 2Q 2023). Net income: CN¥50.2m (down 20% from 2Q 2023). Profit margin: 66% (down from 76% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥90.30, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 30x in the Software industry in China. Total loss to shareholders of 15% over the past year. Annuncio • Jun 29
Shenzhen Fortune Trend technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • May 29
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 8.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Annuncio • May 08
Shenzhen Fortune Trend technology Co., Ltd., Annual General Meeting, May 28, 2024 Shenzhen Fortune Trend technology Co., Ltd., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: 9F, Building C3, Optical Valley Software Park, Hongshan District, Wuhan, Hubei China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.43 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.38 (down from CN¥0.43 in 1Q 2023). Revenue: CN¥71.0m (up 9.2% from 1Q 2023). Net income: CN¥50.2m (down 11% from 1Q 2023). Profit margin: 71% (down from 86% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. New Risk • Apr 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: CN¥2.38 (vs CN¥1.18 in FY 2022) Full year 2023 results: EPS: CN¥2.38 (up from CN¥1.18 in FY 2022). Revenue: CN¥434.7m (up 35% from FY 2022). Net income: CN¥310.7m (up 102% from FY 2022). Profit margin: 72% (up from 48% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Annuncio • Mar 29
Shenzhen Fortune Trend technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥2.34 (vs CN¥1.18 in FY 2022) Full year 2023 results: EPS: CN¥2.34 (up from CN¥1.18 in FY 2022). Revenue: CN¥428.3m (up 33% from FY 2022). Net income: CN¥306.2m (up 99% from FY 2022). Profit margin: 72% (up from 48% in FY 2022). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥98.00, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 11% over the past year. Board Change • Jan 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Changsheng Xu was the last independent director to join the board, commencing their role in 2022. 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 • Dec 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥117, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Software industry in China. Total returns to shareholders of 96% over the past year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.61 (vs CN¥0.23 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.61 (up from CN¥0.23 loss in 3Q 2022). Revenue: CN¥101.2m (up 27% from 3Q 2022). Net income: CN¥79.5m (up CN¥108.6m from 3Q 2022). Profit margin: 79% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. Annuncio • Aug 30
Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) signed letter of intend to acquire 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited for CNY 600 million. Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) signed letter of intend to acquire 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited for CNY 600 million on August 29, 2023. The transaction is subject to the completion of due diligence and other work, and the company's internal decision-making and approval procedures will be implemented in accordance with the relevant provisions of laws and regulations and the "Articles of Association", and the completion of the relevant approval procedures is uncertain. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.48 (up from CN¥0.39 in 2Q 2022). Revenue: CN¥82.3m (up 19% from 2Q 2022). Net income: CN¥62.6m (up 22% from 2Q 2022). Profit margin: 76% (up from 74% in 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Annuncio • Jun 28
Shenzhen Fortune Trend technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.60 (vs CN¥0.48 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.60 (up from CN¥0.48 in 1Q 2022). Revenue: CN¥65.1m (up 35% from 1Q 2022). Net income: CN¥56.2m (up 25% from 1Q 2022). Profit margin: 86% (down from 93% in 1Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥1.55 (vs CN¥3.02 in FY 2021) Full year 2022 results: EPS: CN¥1.55. Revenue: CN¥3.21t (up CN¥3.21t from FY 2021). Net income: CN¥1.44t (up CN¥1.44t from FY 2021). Profit margin: 45% (down from 86% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Software industry in China are expected to grow by 24%. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥137, the stock trades at a trailing P/E ratio of 79.4x. Average forward P/E is 39x in the Software industry in China. Total returns to shareholders of 7.7% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Wei Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.32 loss per share (vs CN¥0.73 profit in 3Q 2021) Third quarter 2022 results: CN¥0.32 loss per share (down from CN¥0.73 profit in 3Q 2021). Revenue: CN¥79.9m (up 28% from 3Q 2021). Net loss: CN¥29.1m (down 142% from profit in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.55 (vs CN¥0.71 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.55 (down from CN¥0.71 in 2Q 2021). Revenue: CN¥69.0m (up 3.1% from 2Q 2021). Net income: CN¥51.1m (down 23% from 2Q 2021). Profit margin: 74% (down from 99% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 32% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥125, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Software industry in China. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.67 (vs CN¥0.78 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.67 (down from CN¥0.78 in 1Q 2021). Revenue: CN¥48.4m (down 20% from 1Q 2021). Net income: CN¥44.8m (down 14% from 1Q 2021). Profit margin: 93% (up from 86% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 33% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥100, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Software industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
Full year 2021 earnings released: EPS: CN¥4.23 (vs CN¥4.12 in FY 2020) Full year 2021 results: EPS: CN¥4.23 (up from CN¥4.12 in FY 2020). Revenue: CN¥326.3m (up 19% from FY 2020). Net income: CN¥281.7m (up 12% from FY 2020). Profit margin: 86% (down from 92% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 30% growth forecast for the industry in China. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥4.26 (up from CN¥4.12 in FY 2020). Revenue: CN¥327.2m (up 20% from FY 2020). Net income: CN¥283.8m (up 13% from FY 2020). Profit margin: 87% (down from 92% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 33%, compared to a 33% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥153, the stock trades at a trailing P/E ratio of 32.2x. Average forward P/E is 31x in the Software industry in China. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥192, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 59x in the Software industry in China. Board Change • Dec 10
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. 4 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.