Annuncio • Jul 16
Jiangsu Cai Qin Technology Co., Ltd announced that it expects to receive CNY 851 million in funding Jiangsu Cai Qin Technology Co., Ltd announces a private placement to issue 120,000,000 A Shares for an aggregate gross proceeds of CNY 851,000,000 on July 15, 2026. The issue price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction involves not more than 35 investors. The security under the transaction is subject to 6 months hold period from the issuance closing date. The transaction is approved by the board in the 8th Meeting of the Company’s 3rd Directorate but subject to the approval of the Company’s Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Annuncio • Jun 30
Jiangsu Cai Qin Technology Co., Ltd to Report First Half, 2026 Results on Aug 18, 2026 Jiangsu Cai Qin Technology Co., Ltd announced that they will report first half, 2026 results on Aug 18, 2026 Declared Dividend • Jun 22
Dividend of CN¥0.063 announced Shareholders will receive a dividend of CN¥0.063. Ex-date: 25th June 2026 Payment date: 25th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 55% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.4% average weekly change). New Risk • May 07
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: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 21
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.30 (up from CN¥0.14 in FY 2024). Revenue: CN¥723.7m (up 76% from FY 2024). Net income: CN¥120.4m (up 108% from FY 2024). Profit margin: 17% (up from 14% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 3.2%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Annuncio • Apr 20
Jiangsu Cai Qin Technology Co., Ltd, Annual General Meeting, May 11, 2026 Jiangsu Cai Qin Technology Co., Ltd, Annual General Meeting, May 11, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Annuncio • Mar 30
Jiangsu Cai Qin Technology Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu Cai Qin Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Annuncio • Dec 26
Jiangsu Cai Qin Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026 Jiangsu Cai Qin Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.091 (vs CN¥0.04 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.091 (up from CN¥0.04 in 3Q 2024). Revenue: CN¥203.8m (up 151% from 3Q 2024). Net income: CN¥34.3m (up 116% from 3Q 2024). Profit margin: 17% (down from 20% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Annuncio • Sep 30
Jiangsu Cai Qin Technology Co., Ltd to Report Q3, 2025 Results on Oct 22, 2025 Jiangsu Cai Qin Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.05 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.069 (up from CN¥0.05 in 2Q 2024). Revenue: CN¥162.1m (up 52% from 2Q 2024). Net income: CN¥29.3m (up 49% from 2Q 2024). Profit margin: 18% (in line with 2Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annuncio • Jun 30
Jiangsu Cai Qin Technology Co., Ltd to Report First Half, 2025 Results on Aug 28, 2025 Jiangsu Cai Qin Technology Co., Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 08
Full year 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in FY 2023) Full year 2024 results: EPS: CN¥0.14 (up from CN¥0.12 in FY 2023). Revenue: CN¥410.9m (up 11% from FY 2023). Net income: CN¥57.8m (up 24% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Apr 08
Jiangsu Cai Qin Technology Co., Ltd, Annual General Meeting, Apr 28, 2025 Jiangsu Cai Qin Technology Co., Ltd, Annual General Meeting, Apr 28, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Annuncio • Mar 28
Jiangsu Cai Qin Technology Co., Ltd to Report Q1, 2025 Results on Apr 15, 2025 Jiangsu Cai Qin Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 15, 2025 New Risk • Feb 26
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 8.2% 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 Earnings have declined by 64% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in FY 2023) Full year 2024 results: EPS: CN¥0.14 (up from CN¥0.12 in FY 2023). Revenue: CN¥411.8m (up 11% from FY 2023). Net income: CN¥55.7m (up 19% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annuncio • Dec 27
Jiangsu Cai Qin Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 08, 2025 Jiangsu Cai Qin Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 08, 2025 New Risk • Nov 14
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 12% 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 (12% average weekly change). Earnings have declined by 68% per year over the past 5 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.04 (up from CN¥0.02 in 3Q 2023). Revenue: CN¥81.1m (up 19% from 3Q 2023). Net income: CN¥15.9m (up 96% from 3Q 2023). Profit margin: 20% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 73% per year over the past 5 years. Minor Risks 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
Jiangsu Cai Qin Technology Co., Ltd to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu Cai Qin Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Earnings have declined by 73% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.022 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.05 (up from CN¥0.022 in 2Q 2023). Revenue: CN¥106.4m (down 1.2% from 2Q 2023). Net income: CN¥19.6m (up 71% from 2Q 2023). Profit margin: 18% (up from 11% in 2Q 2023). The increase in margin was driven by lower expenses. Annuncio • Jun 29
Jiangsu Cai Qin Technology Co., Ltd to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu Cai Qin Technology Co., Ltd announced that they will report first half, 2024 results on Aug 28, 2024 New Risk • May 02
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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 79% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Annuncio • Apr 24
Jiangsu Cai Qin Technology Co., Ltd, Annual General Meeting, May 14, 2024 Jiangsu Cai Qin Technology Co., Ltd, Annual General Meeting, May 14, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Zhangjiagang, Jiangsu China Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.20 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.20 in FY 2022). Revenue: CN¥369.9m (up 7.2% from FY 2022). Net income: CN¥46.7m (down 41% from FY 2022). Profit margin: 13% (down from 23% in FY 2022). The decrease in margin was driven by higher expenses. Annuncio • Mar 30
Jiangsu Cai Qin Technology Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Cai Qin Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 29
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 12% 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 (12% average weekly change). Earnings have declined by 48% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.20 in FY 2022) Full year 2023 results: EPS: CN¥0.12 (down from CN¥0.20 in FY 2022). Revenue: CN¥369.9m (up 7.2% from FY 2022). Net income: CN¥46.7m (down 41% from FY 2022). Profit margin: 13% (down from 23% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 48% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.022 (vs CN¥0.022 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.022 (in line with 2Q 2022). Revenue: CN¥107.6m (up 10% from 2Q 2022). Net income: CN¥11.4m (up 15% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Annuncio • Jun 28
Jiangsu Cai Qin Technology Co., Ltd to Report First Half, 2023 Results on Aug 30, 2023 Jiangsu Cai Qin Technology Co., Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.28 in FY 2021) Full year 2022 results: EPS: CN¥0.20 (down from CN¥0.28 in FY 2021). Revenue: CN¥345.2m (up 3.5% from FY 2021). Net income: CN¥78.6m (down 10% from FY 2021). Profit margin: 23% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 28
Full year 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.28 in FY 2021) Full year 2022 results: EPS: CN¥0.20 (down from CN¥0.28 in FY 2021). Revenue: CN¥345.2m (up 3.5% from FY 2021). Net income: CN¥79.4m (down 9.3% from FY 2021). Profit margin: 23% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.58, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 39x in the Electronic industry in China. Total loss to shareholders of 18% 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 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Wei Cui 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. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.096 (vs CN¥0.043 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.096 (up from CN¥0.043 in 3Q 2021). Revenue: CN¥89.8m (up 44% from 3Q 2021). Net income: CN¥33.7m (up 145% from 3Q 2021). Profit margin: 38% (up from 22% in 3Q 2021). Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.022 (vs CN¥0.062 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.022 (down from CN¥0.062 in 2Q 2021). Revenue: CN¥97.6m (up 32% from 2Q 2021). Net income: CN¥9.97m (down 47% from 2Q 2021). Profit margin: 10% (down from 25% in 2Q 2021). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥13.29, the stock trades at a trailing P/E ratio of 77.8x. Average trailing P/E is 37x in the Electronic industry in China. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.05 (vs CN¥0.094 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.05 (down from CN¥0.094 in 1Q 2021). Revenue: CN¥62.0m (down 34% from 1Q 2021). Net income: CN¥18.5m (down 35% from 1Q 2021). Profit margin: 30% (in line with 1Q 2021). 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. 3 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 08
Full year 2021 earnings released: EPS: CN¥0.28 (vs CN¥0.89 in FY 2020) Full year 2021 results: EPS: CN¥0.28 (down from CN¥0.89 in FY 2020). Revenue: CN¥333.6m (down 68% from FY 2020). Net income: CN¥87.5m (down 67% from FY 2020). Profit margin: 26% (in line with FY 2020). Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥17.40, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 36x in the Electronic industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.28 (down from CN¥0.89 in FY 2020). Revenue: CN¥333.6m (down 68% from FY 2020). Net income: CN¥87.5m (down 67% from FY 2020). Profit margin: 26% (in line with FY 2020). Revenue was in line with analyst estimates.