Annuncio • Apr 24
T&S Communications Co.,Ltd., Annual General Meeting, May 15, 2026 T&S Communications Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Major Estimate Revision • Apr 07
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.79b to CN¥2.36b. EPS estimate fell from CN¥2.96 to CN¥2.22 per share. Net income forecast to grow 68% next year vs 72% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥145. Share price rose 6.8% to CN¥115 over the past week. Annuncio • Mar 31
T&S Communications Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026 T&S Communications Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.32 (up from CN¥1.15 in FY 2024). Revenue: CN¥1.55b (up 12% from FY 2024). Net income: CN¥299.0m (up 14% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications 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 increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 24
Price target increased by 7.4% to CN¥153 Up from CN¥143, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥148. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.82 for next year compared to CN¥1.15 last year. New Risk • Feb 03
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 9.7% 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 (9.7% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risk Dividend is not well covered by cash flows (145% cash payout ratio). Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥125, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 47x in the Communications industry in China. Total returns to shareholders of 700% over the past three years. Annuncio • Dec 31
T&S Communications Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 T&S Communications Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥119, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 47x in the Communications industry in China. Total returns to shareholders of 703% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥108, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 43x in the Communications industry in China. Total returns to shareholders of 604% over the past three years. Major Estimate Revision • Nov 22
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.07b to CN¥1.86b. EPS estimate fell from CN¥1.95 to CN¥1.70 per share. Net income forecast to grow 61% next year vs 65% growth forecast for Communications industry in China. Consensus price target down from CN¥151 to CN¥143. Share price fell 2.1% to CN¥87.00 over the past week. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.29 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.29 in 3Q 2024). Revenue: CN¥385.8m (down 5.0% from 3Q 2024). Net income: CN¥87.0m (up 31% from 3Q 2024). Profit margin: 23% (up from 16% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications 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 increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Sep 30
T&S Communications Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 T&S Communications Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥108, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 505% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.21 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.41 (up from CN¥0.21 in 2Q 2024). Revenue: CN¥457.9m (up 60% from 2Q 2024). Net income: CN¥94.0m (up 97% from 2Q 2024). Profit margin: 21% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jul 02
T&S Communications Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025 T&S Communications Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Price Target Changed • Jun 14
Price target increased by 13% to CN¥118 Up from CN¥105, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥88.32. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥2.05 for next year compared to CN¥1.15 last year. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥82.80, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 41x in the Communications industry in China. Total returns to shareholders of 562% over the past three years. Price Target Changed • May 05
Price target decreased by 8.6% to CN¥105 Down from CN¥115, the current price target is an average from 3 analysts. New target price is 51% above last closing price of CN¥69.34. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥1.98 for next year compared to CN¥1.15 last year. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.14 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.14 in 1Q 2024). Revenue: CN¥370.6m (up 66% from 1Q 2024). Net income: CN¥79.4m (up 150% from 1Q 2024). Profit margin: 21% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥63.10, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 42x in the Communications industry in China. Total returns to shareholders of 407% over the past three years. Annuncio • Apr 01
T&S Communications Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 T&S Communications Co.,Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 8.00000000. Annuncio • Mar 31
T&S Communications Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 T&S Communications Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.15 (up from CN¥0.69 in FY 2023). Revenue: CN¥1.38b (up 56% from FY 2023). Net income: CN¥261.3m (up 69% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications 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 increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 29
T&S Communications Co.,Ltd., Annual General Meeting, Apr 25, 2025 T&S Communications Co.,Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Annuncio • Dec 31
T&S Communications Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 T&S Communications Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥406.0m (up 75% from 3Q 2023). Net income: CN¥66.3m (up 100% from 3Q 2023). Profit margin: 16% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications 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 69% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥35.94, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 139% over the past three years. 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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Annuncio • Sep 30
T&S Communications Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 T&S Communications 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 18% After last week's 18% share price gain to CN¥32.13, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 116% over the past three years. Buy Or Sell Opportunity • Aug 23
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to CN¥29.86. The fair value is estimated to be CN¥24.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 121% in 2 years. Earnings are forecast to grow by 157% in the next 2 years. Price Target Changed • Aug 22
Price target decreased by 12% to CN¥41.94 Down from CN¥47.72, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.70. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.16 for next year compared to CN¥0.69 last year. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥286.6m (up 43% from 2Q 2023). Net income: CN¥47.8m (up 11% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Jul 05
Dividend of CN¥0.50 announced Dividend of CN¥0.50 is the same as last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 13% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 147% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 01
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to CN¥33.10. The fair value is estimated to be CN¥27.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 132% in the next 2 years. Annuncio • Jun 29
T&S Communications Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024 T&S Communications Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024 Buy Or Sell Opportunity • Jun 12
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to CN¥33.33. The fair value is estimated to be CN¥27.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 132% in the next 2 years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥223.3m (up 18% from 1Q 2023). Net income: CN¥31.7m (up 11% from 1Q 2023). Profit margin: 14% (in line with 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Apr 30
T&S Communications Co.,Ltd., Annual General Meeting, May 21, 2024 T&S Communications Co.,Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥39.95, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 185% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.43 per share. Major Estimate Revision • Apr 04
Consensus revenue estimates increase by 29% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.33b to CN¥1.71b. EPS estimate increased from CN¥0.939 to CN¥1.32 per share. Net income forecast to grow 93% next year vs 60% growth forecast for Communications industry in China. Consensus price target up from CN¥39.50 to CN¥44.82. Share price was steady at CN¥36.55 over the past week. Annuncio • Mar 30
T&S Communications Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 T&S Communications Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Reported Earnings • Mar 30
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.69 (down from CN¥0.81 in FY 2022). Revenue: CN¥884.8m (down 5.2% from FY 2022). Net income: CN¥155.1m (down 14% from FY 2022). Profit margin: 18% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥35.91, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥37.62, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 168% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥30.84, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 117% over the past three years. Annuncio • Dec 29
T&S Communications Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 T&S Communications Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥42.59, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥36.88, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 88% over the past three years. New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings have declined by 2.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.25 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.25 in 3Q 2022). Revenue: CN¥232.7m (up 2.3% from 3Q 2022). Net income: CN¥33.2m (down 40% from 3Q 2022). Profit margin: 14% (down from 24% in 3Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥36.76, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.88 per share. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥39.20, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.98 per share. Annuncio • Sep 08
T&S Communications Co.,Ltd. Announces Executive Appointments T&S Communications Co.,Ltd. announced that the Company held its 1st Extraordinary General Meeting of 2023 on 05 September 2023, during which the following proposal(s) was/were approved: Election of non-independent directors, cumulative voting system applicable: Zhang Zhimin, Zhang Yiming, Zhang Yinghua, Xiao Xiangjie, and Li Yanyi; Election of independent directors, cumulative voting system applicable: Lou Yonghui and Zhou Xinli; Election of non-employee supervisors, cumulative voting system applicable: Wu Ningkun and Xiong Qian. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.32 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥200.4m (down 32% from 2Q 2022). Net income: CN¥43.0m (down 40% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 18
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.28b to CN¥1.10b. EPS estimate fell from CN¥0.911 to CN¥0.855 per share. Net income forecast to grow 13% next year vs 49% growth forecast for Communications industry in China. Consensus price target up from CN¥29.58 to CN¥46.25. Share price fell 10% to CN¥35.02 over the past week. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥45.66, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 111% over the past three years. Annuncio • Jul 06
T&S Communications Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 10, 2023 T&S Communications Co.,Ltd. announced final cash dividend of CNY 5.00 per 10 shares on A shares for the year 2022. Record date is July 07, 2023, Ex-Date is July 10, 2023 and Payment Date is July 10, 2023. Annuncio • Jul 01
T&S Communications Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023 T&S Communications Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥38.09, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 99% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥28.85, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥33.19, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥31.52, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥26.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 9.0% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.81 (up from CN¥0.32 in FY 2021). Revenue: CN¥933.5m (up 44% from FY 2021). Net income: CN¥180.5m (up 152% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥20.29, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 26% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Guoyao Chen was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.092 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.092 in 3Q 2021). Revenue: CN¥227.5m (up 48% from 3Q 2021). Net income: CN¥55.2m (up 161% from 3Q 2021). Profit margin: 24% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Major Estimate Revision • Aug 16
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥907.9m to CN¥945.9m. EPS estimate increased from CN¥0.53 to CN¥0.62 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Communications industry in China. Consensus price target up from CN¥16.22 to CN¥19.00. Share price was steady at CN¥19.59 over the past week. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.088 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.088 in 2Q 2021). Revenue: CN¥295.8m (up 86% from 2Q 2021). Net income: CN¥71.7m (up 254% from 2Q 2021). Profit margin: 24% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥17.89, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.51 per share. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥15.91, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.39 per share. Annuncio • Jun 11
T&S Communications Co.,Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 16, 2022 T&S Communications Co.,Ltd. implemented Cash dividend (tax included) of CNY 3.00000000 per 10 shares (A shares) for 2021, payable on June 16, 2022 with Record date of June 15, 2022 and Ex-date of June 16, 2022. Annuncio • Jun 07
T&S Communications Co.,Ltd. Approves Cash Dividend for the Year of 2021 T&S Communications Co.,Ltd. held its Annual General Meeting of 2021 on 02 June 2022, during which it approved cash dividend of CNY 3.00000000 per ten shares (tax included) for the year of 2021. Annuncio • May 14
T&S Communications Co.,Ltd., Annual General Meeting, Jun 02, 2022 T&S Communications Co.,Ltd., Annual General Meeting, Jun 02, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual accounts; to 2021 profit distribution plan; to Amendments to the Company's articles of association; to Confirmation of 2021 remuneration for the chairman of the board; to Amendments to the Company's rules of procedure governing shareholders' general meetings; and to Amendments to the work system of independent directors. Price Target Changed • Apr 27
Price target decreased to CN¥16.22 Down from CN¥21.30, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CN¥11.45. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.32 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Guoyao Chen was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 12
T&S Communications Co.,Ltd. Proposes Final Cash Dividend for the Year 2021 T&S Communications Co.,Ltd. proposed final cash dividend of CNY 3.0000000 per ten shares (tax included) for the year 2021. Reported Earnings • Apr 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.32 (down from CN¥0.33 in FY 2020). Revenue: CN¥646.3m (up 13% from FY 2020). Net income: CN¥71.8m (down 5.1% from FY 2020). Profit margin: 11% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 62%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥15.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Communications industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.03 per share. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.068 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥154.2m (up 6.8% from 3Q 2020). Net income: CN¥21.2m (up 36% from 3Q 2020). Profit margin: 14% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS CN¥0.088 (vs CN¥0.12 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥158.9m (up 26% from 2Q 2020). Net income: CN¥20.2m (down 24% from 2Q 2020). Profit margin: 13% (down from 21% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥20.08, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 50x in the Communications industry in China. Total returns to shareholders of 30% over the past three years. Annuncio • May 16
T&S Communications Co.,Ltd. Approves Dividend for the Year 2020 T&S Communications Co.,Ltd. at its annual general meeting held on May 13, 2021, approved dividend of CNY 3.00000000 for the year 2020.