New Risk • Apr 29
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: 0.6% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Apr 29
Price target increased by 88% to CN¥88.20 Up from CN¥46.90, the current price target is an average from 2 analysts. New target price is 12% below last closing price of CN¥101. Stock is up 131% over the past year. The company is forecast to post earnings per share of CN¥1.81 for next year compared to CN¥1.07 last year. Board Change • Apr 29
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. 6 non-independent directors. Independent Director Zhi Jun Du 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 20
Unicomp Technology Group Co., Ltd., Annual General Meeting, May 08, 2026 Unicomp Technology Group Co., Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China New Risk • Apr 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 8.0% 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. Annuncio • Apr 17
Unicomp Technology Group Co., Ltd. (SHSE:688531) signed a Share Purchase Intention Agreement to acquire an unknown stake in Shanghai Philai Testing Technology Co., Ltd. from Shanghai Feiguang Management Consulting Partnership (Limited Partnership) Zhang Hua, Xue Yinfei, Li Jiatong, and Shanghai Xinlai Zhichuang Management Consulting Partnership (Limited Partnership). Unicomp Technology Group Co., Ltd. (SHSE:688531) signed a Share Purchase Intention Agreement to acquire an unknown stake in Shanghai Philai Testing Technology Co., Ltd. from Shanghai Feiguang Management Consulting Partnership (Limited Partnership) Zhang Hua, Xue Yinfei, Li Jiatong, and Shanghai Xinlai Zhichuang Management Consulting Partnership (Limited Partnership) on April 15, 2026. A combination of cash, stock and convertible bond consideration will be paid by Unicomp Technology Group Co., Ltd. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥77.88, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Annuncio • Mar 30
Unicomp Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Unicomp Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 05
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥1.25 (up from CN¥0.86 in FY 2024). Revenue: CN¥1.07b (up 45% from FY 2024). Net income: CN¥174.6m (up 22% from FY 2024). Profit margin: 16% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Annuncio • Dec 26
Unicomp Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Unicomp Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥67.80, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 97% over the past year. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.25 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥276.7m (up 55% from 3Q 2024). Net income: CN¥42.0m (up 49% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Price Target Changed • Oct 22
Price target increased by 73% to CN¥79.00 Up from CN¥45.66, the current price target is provided by 1 analyst. New target price is 15% above last closing price of CN¥68.60. Stock is up 84% over the past year. The company is forecast to post earnings per share of CN¥1.34 for next year compared to CN¥0.86 last year. Annuncio • Sep 30
Unicomp Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Unicomp Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥59.27, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 120% over the past year. Annuncio • Jun 30
Unicomp Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Unicomp Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Annuncio • Jun 25
Unicomp Technology Group Co., Ltd. (SHSE:688531) announces an Equity Buyback for CNY 20 million worth of its shares. Wuxi Unicomp Technology Co., Ltd. (SHSE:688531) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be purchased at a price not exceeding CNY 101.87 per share. The purpose of the program is to use the repurchased shares for equity incentives at an appropriate time in the future and to complete the transfer of the shares within three years after the disclosure of the results of the share buyback and the changes in shareholding. If the company fails to complete the transfer within this timeframe, the untransferred shares will be canceled. The program will be funded from company's own funds and self-raised funds. The program will be valid for 12 months. Reported Earnings • Apr 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.23 (up from CN¥1.06 in FY 2023). Revenue: CN¥739.5m (up 26% from FY 2023). Net income: CN¥141.1m (up 24% from FY 2023). Profit margin: 19% (in line with FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Annuncio • Apr 26
Wuxi Unicomp Technology Co., Ltd., Annual General Meeting, May 16, 2025 Wuxi Unicomp Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥60.46, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 36% over the past year. Annuncio • Mar 28
Wuxi Unicomp Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Wuxi Unicomp Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.23 (up from CN¥1.06 in FY 2023). Revenue: CN¥739.5m (up 26% from FY 2023). Net income: CN¥141.1m (up 24% from FY 2023). Profit margin: 19% (in line with FY 2023). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥53.68, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 27x in the Electronic industry in China. Negligible returns to shareholders over past year. Annuncio • Dec 27
Wuxi Unicomp Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Wuxi Unicomp Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.23 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.23 in 3Q 2023). Revenue: CN¥179.0m (up 18% from 3Q 2023). Net income: CN¥28.2m (up 8.1% from 3Q 2023). Profit margin: 16% (down from 17% in 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥49.72, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 37% over the past year. Annuncio • Sep 30
Wuxi Unicomp Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Wuxi Unicomp 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 16% After last week's 16% share price gain to CN¥44.89, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 50% over the past year. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.35 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.35 in 2Q 2023). Revenue: CN¥183.0m (up 11% from 2Q 2023). Net income: CN¥43.0m (up 5.9% from 2Q 2023). Profit margin: 24% (down from 25% in 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Annuncio • Jun 29
Wuxi Unicomp Technology Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Wuxi Unicomp Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Annuncio • Apr 30
Wuxi Unicomp Technology Co., Ltd., Annual General Meeting, May 20, 2024 Wuxi Unicomp Technology Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.53 (up from CN¥1.20 in FY 2022). Revenue: CN¥587.4m (up 21% from FY 2022). Net income: CN¥114.2m (up 59% from FY 2022). Profit margin: 19% (up from 15% in FY 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Annuncio • Mar 29
Wuxi Unicomp Technology Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Wuxi Unicomp Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Reported Earnings • Feb 26
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.61 (up from CN¥1.20 in FY 2022). Revenue: CN¥591.2m (up 22% from FY 2022). Net income: CN¥119.8m (up 67% from FY 2022). Profit margin: 20% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 1.8%. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Annuncio • Feb 09
Wuxi Unicomp Technology Co., Ltd. (SHSE:688531) announces an Equity Buyback for CNY 200 million worth of its shares. Wuxi Unicomp Technology Co., Ltd. (SHSE:688531) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be purchased at a price not exceeding CNY 123.01 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥66.82, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in China. New Risk • Nov 06
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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.43 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.33. Revenue: CN¥151.4m (up 8.3% from 3Q 2022). Net income: CN¥26.1m (up 3.1% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. New Risk • Aug 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 22
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.51. Net income: CN¥40.6m (up CN¥40.6m from 2Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Annuncio • Jun 28
Wuxi Unicomp Technology Co., Ltd. to Report First Half, 2023 Results on Aug 22, 2023 Wuxi Unicomp Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 22, 2023 Reported Earnings • Apr 27
First quarter 2023 earnings released First quarter 2023 results: EPS: CN¥0.24. Net income: CN¥14.1m (up CN¥14.1m from 1Q 2022).