New Risk • May 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$762.2m (US$97.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Board Change • Apr 24
High number of new directors GM & Director Haowen Jia was the last director to join the board, commencing their role in 2025. Reported Earnings • Apr 24
Full year 2025 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in FY 2024) Full year 2025 results: CN¥0.04 loss per share (down from CN¥0.05 profit in FY 2024). Revenue: CN¥617.6m (down 24% from FY 2024). Net loss: CN¥9.46m (down 183% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 23
Nanjing Putian Telecommunications Co., Ltd., Annual General Meeting, May 29, 2026 Nanjing Putian Telecommunications Co., Ltd., Annual General Meeting, May 29, 2026, at 15:30 China Standard Time. Location: 11F, Building 2, No. 9, Guangjing Road, Qinghuai District, Nanjing, Jiangsu China Annuncio • Mar 31
Nanjing Putian Telecommunications Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Nanjing Putian Telecommunications Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Annuncio • Dec 31
Nanjing Putian Telecommunications Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Nanjing Putian Telecommunications Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.049 loss per share (vs CN¥0.066 loss in 3Q 2024) Third quarter 2025 results: CN¥0.049 loss per share (improved from CN¥0.066 loss in 3Q 2024). Revenue: CN¥144.8m (down 7.9% from 3Q 2024). Net loss: CN¥8.03m (loss narrowed 29% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 30
Nanjing Putian Telecommunications Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Nanjing Putian Telecommunications Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$5.23, the stock trades at a trailing P/E ratio of 74.5x. Average trailing P/E is 86x in the Communications industry in China. Total returns to shareholders of 57% over the past three years. Reported Earnings • Aug 05
Second quarter 2025 earnings released: CN¥0.01 loss per share (vs CN¥0.015 loss in 2Q 2024) Second quarter 2025 results: CN¥0.01 loss per share (improved from CN¥0.015 loss in 2Q 2024). Revenue: CN¥169.3m (down 17% from 2Q 2024). Net loss: CN¥2.38m (loss narrowed 40% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 02
Nanjing Putian Telecommunications Co., Ltd. to Report First Half, 2025 Results on Aug 05, 2025 Nanjing Putian Telecommunications Co., Ltd. announced that they will report first half, 2025 results on Aug 05, 2025 Annuncio • May 30
Nanjing Putian Telecommunications Co., Ltd. Approves Nomination of Jia Haowen as Director Nanjing Putian Telecommunications Co., Ltd. held its Annual General Meeting of 2024 on 28 May 2025 and approved Nomination of Jia Haowen as a director. New Risk • May 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 4.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Annuncio • Apr 28
Nanjing Putian Telecommunications Co., Ltd., Annual General Meeting, May 28, 2025 Nanjing Putian Telecommunications Co., Ltd., Annual General Meeting, May 28, 2025, at 15:30 China Standard Time. Location: No. 8, Fenghui Avenue, Yuhuatai District, Nanjing, Jiangsu China Reported Earnings • Apr 27
Full year 2024 earnings released Full year 2024 results: Revenue: CN¥811.7m (flat on FY 2023). Net income: CN¥11.4m (up CN¥28.3m from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Mar 31
Nanjing Putian Telecommunications Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Nanjing Putian Telecommunications Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Mar 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: HK$769.7m (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥58m free cash flow). Minor Risk Market cap is less than US$100m (HK$769.7m market cap, or US$99.0m). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Annuncio • Dec 31
Nanjing Putian Telecommunications Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Nanjing Putian Telecommunications Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 New Risk • Dec 31
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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥58m free cash flow). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.066 loss per share (vs CN¥0.028 loss in 3Q 2023) Third quarter 2024 results: CN¥0.066 loss per share (further deteriorated from CN¥0.028 loss in 3Q 2023). Revenue: CN¥157.3m (down 16% from 3Q 2023). Net loss: CN¥11.4m (loss widened 96% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 30
Nanjing Putian Telecommunications Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Nanjing Putian Telecommunications Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.015 loss per share (vs CN¥0.005 loss in 2Q 2023) Second quarter 2024 results: CN¥0.015 loss per share (further deteriorated from CN¥0.005 loss in 2Q 2023). Revenue: CN¥203.0m (down 5.2% from 2Q 2023). Net loss: CN¥3.98m (loss widened 288% from 2Q 2023). 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 17% per year, which means it is significantly lagging earnings. Annuncio • Jun 29
Nanjing Putian Telecommunications Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Nanjing Putian Telecommunications 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: Major Risk Less than 1 year of cash runway based on free cash flow trend (-CN¥41m free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (HK$369.8m market cap, or US$47.3m). Annuncio • Apr 29
Nanjing Putian Telecommunications Co., Ltd., Annual General Meeting, May 28, 2024 Nanjing Putian Telecommunications Co., Ltd., Annual General Meeting, May 28, 2024, at 15:50 China Standard Time. Location: No. 8, Fenghui Avenue, Yuhuatai District, Nanjing, Jiangsu China Reported Earnings • Apr 28
Full year 2023 earnings released Full year 2023 results: Revenue: CN¥818.3m (down 7.0% from FY 2022). Net loss: CN¥16.9m (loss narrowed 64% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Annuncio • Mar 30
Nanjing Putian Telecommunications Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Nanjing Putian Telecommunications Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Jan 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 6.1% 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 3.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (HK$372.0m market cap, or US$47.6m). Annuncio • Dec 30
Nanjing Putian Telecommunications Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Nanjing Putian Telecommunications Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.028 loss per share (vs CN¥0.03 loss in 3Q 2022) Third quarter 2023 results: CN¥0.028 loss per share (improved from CN¥0.03 loss in 3Q 2022). Revenue: CN¥188.2m (down 19% from 3Q 2022). Net loss: CN¥5.78m (loss narrowed 12% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Nanjing Putian Telecommunications Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Nanjing Putian Telecommunications Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.005 loss per share (vs CN¥0.076 loss in 2Q 2022) Second quarter 2023 results: CN¥0.005 loss per share (improved from CN¥0.076 loss in 2Q 2022). Revenue: CN¥214.0m (up 8.0% from 2Q 2022). Net loss: CN¥1.03m (loss narrowed 94% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 21
Full year 2022 earnings released: CN¥0.22 loss per share (vs CN¥0.65 loss in FY 2021) Full year 2022 results: CN¥0.22 loss per share (improved from CN¥0.65 loss in FY 2021). Revenue: CN¥879.6m (down 4.1% from FY 2021). Net loss: CN¥47.4m (loss narrowed 66% from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Supervisor Huizhen Qiu is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 01
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Supervisor Huizhen Qiu is the most experienced director on the board, commencing their role in 2017. 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 • Oct 30
Third quarter 2022 earnings released: CN¥0.03 loss per share (vs CN¥0.032 loss in 3Q 2021) Third quarter 2022 results: CN¥0.03 loss per share (improved from CN¥0.032 loss in 3Q 2021). Revenue: CN¥230.8m (flat on 3Q 2021). Net loss: CN¥6.59m (loss narrowed 5.3% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 20
Nanjing Putian Telecommunications Co., Ltd. Announces Executive Appointments Nanjing Putian Telecommunications Co., Ltd. announced that at the Extraordinary General Meeting of 2022 held on 18 October 2022 elected Li Langping, Shen Xiaobing, Shi Jiandong and Wang Xingyu as non-independent directors, elected Song Tiecheng, Huang Linkui and Gao Jing as independent directors and elected Mei Lin and He Hui as non-employee supervisors. Reported Earnings • Aug 24
Second quarter 2022 earnings released: CN¥0.076 loss per share (vs CN¥0.064 loss in 2Q 2021) Second quarter 2022 results: CN¥0.076 loss per share (down from CN¥0.064 loss in 2Q 2021). Revenue: CN¥198.1m (down 24% from 2Q 2021). Net loss: CN¥16.1m (loss widened 18% from 2Q 2021). 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 12% per year. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President & Director Xigang Sun was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
Full year 2021 earnings released: CN¥0.65 loss per share (vs CN¥0.10 profit in FY 2020) Full year 2021 results: CN¥0.65 loss per share (down from CN¥0.10 profit in FY 2020). Revenue: CN¥917.1m (down 11% from FY 2020). Net loss: CN¥138.8m (down CN¥160.7m from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.032 loss per share (vs CN¥0.006 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥231.0m (down 11% from 3Q 2020). Net loss: CN¥6.96m (loss widened 485% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CN¥0.066 loss per share (vs CN¥0.13 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥261.4m (up 3.2% from 2Q 2020). Net loss: CN¥13.6m (loss narrowed 52% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.40, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 47x in the Communications industry in China. Total returns to shareholders of 34% over the past year. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.10 (vs CN¥0.79 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.03b (down 23% from FY 2019). Net income: CN¥22.0m (up CN¥191.1m from FY 2019). Profit margin: 2.1% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Annuncio • Mar 09
Nanjing Putian Telecommunications Co., Ltd. to Report Fiscal Year 2020 Results on Apr 20, 2021 Nanjing Putian Telecommunications Co., Ltd. announced that they will report fiscal year 2020 results on Apr 20, 2021 Is New 90 Day High Low • Feb 23
New 90-day high: HK$3.06 The company is up 17% from its price of HK$2.61 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 14% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: HK$2.88 The company is up 10.0% from its price of HK$2.61 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 3.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥155.6m, with losses widening by 207% from the prior year. Total revenue was CN¥966.7m over the last 12 months, down 40% from the prior year. Annuncio • Aug 04
Nanjing Putian Telecommunications Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Nanjing Putian Telecommunications Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020