Declared Dividend • Jun 01
Dividend reduced to CN¥0.30 Dividend of CN¥0.30 is 25% lower than last year. Ex-date: 3rd June 2026 Payment date: 3rd June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 30
Hangzhou Sunrise Technology Co.,Ltd. Approves Final Cash Dividend on A Shares for the Year 2025, Payable on 03 June 2026 Hangzhou Sunrise Technology Co.,Ltd. announced the final cash dividend (tax included) of CNY 3.00000000 per 10 A shares for the year 2025. Record date: 02 June 2026. Ex-date: 03 June 2026. Payment date: 03 June 2026. Reported Earnings • Apr 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.10 (down from CN¥1.29 in FY 2024). Revenue: CN¥1.69b (down 17% from FY 2024). Net income: CN¥566.8m (down 15% from FY 2024). Profit margin: 34% (in line with FY 2024). Revenue missed analyst estimates by 24%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Apr 28
Hangzhou Sunrise Technology Co.,Ltd., Annual General Meeting, May 18, 2026 Hangzhou Sunrise Technology Co.,Ltd., Annual General Meeting, May 18, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Annuncio • Mar 31
Hangzhou Sunrise Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Annuncio • Dec 31
Hangzhou Sunrise Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 New Risk • Dec 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 7.1% 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: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Declared Dividend • Dec 17
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 19th December 2025 Payment date: 19th December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥19.51, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 27% over the past three years. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.40 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.26 (down from CN¥0.40 in 3Q 2024). Revenue: CN¥366.2m (down 31% from 3Q 2024). Net income: CN¥135.2m (down 33% from 3Q 2024). Profit margin: 37% (in line with 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. 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. Annuncio • Sep 30
Hangzhou Sunrise Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Annuncio • Jul 02
Hangzhou Sunrise Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Board Change • May 31
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. 5 non-independent directors. Independent Director Bo Chen was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • May 27
Price target decreased by 11% to CN¥18.24 Down from CN¥20.59, the current price target is an average from 2 analysts. New target price is 19% above last closing price of CN¥15.30. Stock is down 1.4% over the past year. The company is forecast to post earnings per share of CN¥1.50 for next year compared to CN¥1.29 last year. Declared Dividend • May 22
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 26th May 2025 Payment date: 26th May 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (43% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Apr 27
Consensus revenue estimates decrease by 10%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥2.60b to CN¥2.33b. EPS estimate increased from CN¥1.45 to CN¥1.54 per share. Net income forecast to grow 19% next year vs 48% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥20.59. Share price fell 4.9% to CN¥15.41 over the past week. Reported Earnings • Apr 22
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.29 (up from CN¥1.20 in FY 2023). Revenue: CN¥2.03b (up 14% from FY 2023). Net income: CN¥664.7m (up 9.4% from FY 2023). Profit margin: 33% (down from 34% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 3.6%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 22
Hangzhou Sunrise Technology Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Hangzhou Sunrise Technology Co.,Ltd. proposed final cash dividend of CNY 4.00000000 per 10 shares (tax included) for the year 2024. Annuncio • Apr 21
Hangzhou Sunrise Technology Co.,Ltd., Annual General Meeting, May 12, 2025 Hangzhou Sunrise Technology Co.,Ltd., Annual General Meeting, May 12, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥15.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.35 per share. Annuncio • Mar 31
Hangzhou Sunrise Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annuncio • Dec 31
Hangzhou Sunrise Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Price Target Changed • Oct 26
Price target increased by 14% to CN¥20.54 Up from CN¥17.97, the current price target is an average from 3 analysts. New target price is 18% above last closing price of CN¥17.35. Stock is up 22% over the past year. The company is forecast to post earnings per share of CN¥1.22 for next year compared to CN¥1.20 last year. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.26 in 3Q 2023). Revenue: CN¥531.4m (up 35% from 3Q 2023). Net income: CN¥200.6m (up 49% from 3Q 2023). Profit margin: 38% (up from 34% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Oct 24
Hangzhou Sunrise Technology Co.,Ltd. Announces the Profit Distribution Proposal for the Third Quarter of 2024 Hangzhou Sunrise Technology Co.,Ltd. announced on 23 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend per 10 shares (tax included) of CNY 2.00000000. Annuncio • Sep 30
Hangzhou Sunrise Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥16.69, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.78 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.44 (vs CN¥0.37 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.44 (up from CN¥0.37 in 2Q 2023). Revenue: CN¥547.2m (up 15% from 2Q 2023). Net income: CN¥229.0m (up 22% from 2Q 2023). Profit margin: 42% (up from 39% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Jun 29
Hangzhou Sunrise Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Price Target Changed • Jun 19
Price target decreased by 7.2% to CN¥17.37 Down from CN¥18.71, the current price target is an average from 3 analysts. New target price is 7.5% above last closing price of CN¥16.15. Stock is down 8.5% over the past year. The company is forecast to post earnings per share of CN¥1.22 for next year compared to CN¥1.20 last year. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥16.31, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 110% over the past three years. Declared Dividend • May 15
Dividend increased to CN¥0.50 Dividend of CN¥0.50 is 150% higher than last year. Ex-date: 20th May 2024 Payment date: 20th May 2024 Dividend yield will be 3.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • May 11
Hangzhou Sunrise Technology Co., Ltd. Approves Cash Dividend for 2023 Hangzhou Sunrise Technology Co.,Ltd. held its Annual General Meeting of 2023 on 09 May 2024 were approved 2023 profit distribution plan as Cash dividend/10 shares (tax included): CNY 5.00000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.24 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.24 in 1Q 2023). Revenue: CN¥467.6m (up 24% from 1Q 2023). Net income: CN¥112.0m (down 6.8% from 1Q 2023). Profit margin: 24% (down from 32% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Apr 20
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥1.20 (up from CN¥0.94 in FY 2022). Revenue: CN¥1.77b (up 18% from FY 2022). Net income: CN¥607.3m (up 29% from FY 2022). Profit margin: 34% (up from 31% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) exceeded analyst estimates by 7.1%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 26% per year. Annuncio • Apr 20
Hangzhou Sunrise Technology Co.,Ltd., Annual General Meeting, May 09, 2024 Hangzhou Sunrise Technology Co.,Ltd., Annual General Meeting, May 09, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Annuncio • Mar 30
Hangzhou Sunrise Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.25, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.46 per share. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.43 per share. Annuncio • Dec 30
Hangzhou Sunrise Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥394.0m (down 4.0% from 3Q 2022). Net income: CN¥134.9m (down 4.5% from 3Q 2022). Profit margin: 34% (in line with 3Q 2022). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 30
Hangzhou Sunrise Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Hangzhou Sunrise Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥476.9m (up 22% from 2Q 2022). Net income: CN¥187.2m (up 58% from 2Q 2022). Profit margin: 39% (up from 30% in 2Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.14 in 1Q 2022). Revenue: CN¥377.5m (up 28% from 1Q 2022). Net income: CN¥120.2m (up 69% from 1Q 2022). Profit margin: 32% (up from 24% in 1Q 2022). Revenue is forecast to grow 31% 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 increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥21.26, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 132% over the past three years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥17.56, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Annuncio • Jan 07
Hangzhou Sunrise Technology Co., Ltd. Approves Director Appointments Hangzhou Sunrise Technology Co., Ltd. held its 1st Extraordinary General Meeting of 2023 on 05 January 2023, approved Ding Jiahe, Dai Xiaohua and Gao Yihua as non-independent directors, Chen Bo as independent director. Price Target Changed • Nov 16
Price target increased to CN¥18.00 Up from CN¥14.60, the current price target is provided by 1 analyst. New target price is 5.8% above last closing price of CN¥17.01. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.63 last year. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Xiaosong Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.31, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electronic industry in China. Total returns to shareholders of 72% over the past three years. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.11 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.11 loss in 3Q 2021). Revenue: CN¥351.9m (down 11% from 3Q 2021). Net income: CN¥105.2m (up CN¥147.5m from 3Q 2021). Profit margin: 30% (up from net loss in 3Q 2021). The move to profitability was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥13.91, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in China. Total returns to shareholders of 104% over the past three years. Board Change • Sep 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Xiaosong Liu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥391.5m (up 75% from 2Q 2021). Net income: CN¥118.3m (up 78% from 2Q 2021). Profit margin: 30% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 29%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 29% per year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.28, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥12.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 94% over the past three years. Annuncio • May 20
Hangzhou Sunrise Technology Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 25 May 2022 Hangzhou Sunrise Technology Co., Ltd. announced final cash dividend A Shares of CNY 1.50000000 per 10 shares for 2021. Record date is 24 May 2022, Ex-date is 25 May 2022 and Payment date is 25 May 2022. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.87, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Electronic industry in China. Total returns to shareholders of 62% over the past three years. Annuncio • May 18
Hangzhou Sunrise Technology Declares Profit Distribution Plan for the Year 2021 Hangzhou Sunrise Technology Co., Ltd., at its AGM held on May 16, 2022, the proposal of profit distribution plan of CNY 1.5 per 10 shares (tax included) for the year 2021. Annuncio • Apr 27
Hangzhou Sunrise Technology Co., Ltd. Announces Profit Distribution Proposal for 2021 Hangzhou Sunrise Technology Co., Ltd. announced on 25 April 2022 Cash dividend/10 shares (tax included) of CNY 1.50000000 for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.12 in 1Q 2021). Revenue: CN¥293.7m (up 38% from 1Q 2021). Net income: CN¥71.3m (up 17% from 1Q 2021). Profit margin: 24% (down from 29% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 30%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non- Independent Director Xiaohua Dai was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be CN¥11.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has grown by 34% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥14.78, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 65% share price gain to CN¥14.22, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 168% over the past three years. Price Target Changed • Oct 29
Price target increased to CN¥16.20 Up from CN¥15.00, the current price target is provided by 1 analyst. New target price is 102% above last closing price of CN¥8.00. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.58 last year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.17 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥334.2m (up 8.4% from 3Q 2020). Net income: CN¥91.4m (up 4.7% from 3Q 2020). Profit margin: 27% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.17 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥223.6m (down 4.2% from 2Q 2020). Net income: CN¥66.6m (down 23% from 2Q 2020). Profit margin: 30% (down from 37% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 87% over the past three years. Annuncio • May 08
Sunrise Technology Co., Ltd Announces Cash Dividend Per A Share for 2020, Payable on May 14, 2021 Sunrise Technology Co. Ltd. announced dividend of CNY 1.5000 per 10 A share. The dividend is payable on May 14, 2021 of the record date May 13, 2021. The ex dividend date is May 14, 2021. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.10 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¥213.5m (up 40% from 1Q 2020). Net income: CN¥61.0m (up 23% from 1Q 2020). Profit margin: 29% (down from 32% 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 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 14
Consensus EPS estimates fall to CN¥0.75 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥1.50b to CN¥1.38b. EPS estimate also fell from CN¥0.86 to CN¥0.75. Net income forecast to grow 29% next year vs 39% growth forecast for Electronic industry in China. Consensus price target down from CN¥18.63 to CN¥15.00. Share price fell 3.9% to CN¥7.85 over the past week. Reported Earnings • Apr 07
Full year 2020 earnings released: EPS CN¥0.58 (vs CN¥0.46 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.10b (up 23% from FY 2019). Net income: CN¥293.3m (up 21% from FY 2019). Profit margin: 27% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 24
Sunrise Technology Co., Ltd to Report Fiscal Year 2020 Results on Apr 07, 2021 Sunrise Technology Co., Ltd announced that they will report fiscal year 2020 results on Apr 07, 2021 Is New 90 Day High Low • Jan 28
New 90-day low: CN¥8.20 The company is down 26% from its price of CN¥11.15 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.58 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥8.58 The company is down 14% from its price of CN¥9.98 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.57 per share. Is New 90 Day High Low • Dec 15
New 90-day low: CN¥9.50 The company is down 14% from its price of CN¥11.01 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.43 per share. Is New 90 Day High Low • Nov 02
New 90-day high: CN¥12.04 The company is up 17% from its price of CN¥10.29 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.26 per share. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥315.4m, up 98% from the prior year. Total revenue was CN¥1.01b over the last 12 months, up 24% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥9.58 The company is down 1.0% from its price of CN¥9.72 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.25 per share. Annuncio • Aug 13
Sunrise Technology Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020 Sunrise Technology Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020 Annuncio • Aug 06
Sunrise Technology Co., Ltd (SZSE:300360) and ZJU Joint Innovation Investment signed an equity transfer agreement to acquire 33.33% stake in Shenzhen Pulsun Electronics Co., Ltd. from Hangzhou Zhengying Capital Investment Management Partnership (Limited Partnership) for CNY 5.8 million. Sunrise Technology Co., Ltd (SZSE:300360) and ZJU Joint Innovation Investment signed an equity transfer agreement to acquire 33.33% stake in Shenzhen Pulsun Electronics Co., Ltd. from Hangzhou Zhengying Capital Investment Management Partnership (Limited Partnership) for CNY 5.8 million recently. Sunrise Technology Co., Ltd and ZJU Joint Innovation Investment intends to use its own funds for acquisition. On December 31, 2019, Shenzhen Pulsun Electronics reported total assets of CNY 16.5 million, net assets of CNY 10.6 million, operating income for CNY 27.5 million and net profit of CNY 0.9 million. The transaction was reviewed and approved at the eighth meeting of the fourth board of directors and the fifth meeting of the fourth board of supervisors held on August 4, 2020.