Annuncio • Jun 30
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 08
New major risk - Revenue and earnings growth Earnings have declined by 53% 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 Risk Earnings have declined by 53% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Annuncio • Apr 26
Sichuan Tianyi Comheart Telecom Co., Ltd., Annual General Meeting, May 18, 2026 Sichuan Tianyi Comheart Telecom Co., Ltd., Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: 3F, No. 2, Xueshan Avenue (3rd Section), Jinyuan Town, Dayi County, Sichuan China Annuncio • Mar 31
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Annuncio • Dec 31
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Annuncio • Sep 30
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Annuncio • Jul 02
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Annuncio • Apr 21
Sichuan Tianyi Comheart Telecom Co., Ltd., Annual General Meeting, May 16, 2025 Sichuan Tianyi Comheart Telecom Co., Ltd., Annual General Meeting, May 16, 2025, at 13:30 China Standard Time. Location: 3F, No. 2, Xueshan Avenue (3rd Section), Jinyuan Town, Dayi County, Sichuan China Annuncio • Mar 31
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Annuncio • Dec 31
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥396.5m (down 36% from 3Q 2023). Net income: CN¥5.09m (down 82% from 3Q 2023). Profit margin: 1.3% (down from 4.6% in 3Q 2023). Revenue is forecast to grow 18% 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 fallen by 44% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 11
Now 23% undervalued Over the last 90 days, the stock has risen 33% to CN¥15.43. The fair value is estimated to be CN¥19.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 28%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 403% in the next 2 years. Annuncio • Sep 30
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.051 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥514.8m (down 17% from 2Q 2023). Net income: CN¥15.0m (down 55% from 2Q 2023). Profit margin: 2.9% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% 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 fallen by 28% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Aug 15
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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 215% Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). Annuncio • Jul 11
Sichuan Tianyi Comheart Telecom Co., Ltd. Approves Board and Non-Employee Supervisor Elections Sichuan Tianyi Comheart Telecom Co., Ltd. at its EGM held on July 9, 2024 approved election of Wang Xiaoming, Liu Hao and Tang Yunqian as independent directors and Liu Sha as non-employee supervisor. Annuncio • Jun 29
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 27
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 31st May 2024 Payment date: 31st May 2024 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (94% earnings payout ratio) nor is it covered by cash flows (216% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 4.9% to bring the payout ratio under control. EPS is expected to grow by 198% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annuncio • May 25
Sichuan Tianyi Comheart Telecom Co., Ltd. Announces Final Cash Dividend Plan on A Shares for the Year 2023, Payable on 31 May 2024 Sichuan Tianyi Comheart Telecom Co., Ltd. announced final cash dividend plan of CNY 2.00000000 per 10 shares (tax included) on A shares for the year 2023. Record date is 30 May 2024, Ex-date is 31 May 2024 and Payment date is 31 May 2024. Annuncio • Apr 28
Sichuan Tianyi Comheart Telecom Co., Ltd., Annual General Meeting, May 20, 2024 Sichuan Tianyi Comheart Telecom Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: 3F, No. 2, Xueshan Avenue (3rd Section), Jinyuan Town, Dayi County, Sichuan China Agenda: To consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2023 profit distribution plan; to consider the 2023 annual report and its summary; to consider the Reappointment of 2024 audit firm; to consider the Extension and termination of some projects financed with raised funds; to consider the Confirmation of 2023 remuneration for directors and senior management, and 2024 remuneration plan; and to consider other matters. New Risk • Apr 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Annuncio • Apr 27
Tianyi Proposes Final Dividend for 2023 Tianyi announced on 26 April 2024 the profit distribution proposal for 2023 as cash dividend/10 shares (tax included): CNY 2.00000000. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.72 in FY 2022) Full year 2023 results: EPS: CN¥0.37 (down from CN¥0.72 in FY 2022). Revenue: CN¥2.55b (down 15% from FY 2022). Net income: CN¥100.7m (down 48% from FY 2022). Profit margin: 3.9% (down from 6.5% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Annuncio • Mar 30
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥15.00, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 48x in the Communications industry in China. Total returns to shareholders of 1.1% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.21, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 39x in the Communications industry in China. Total loss to shareholders of 4.4% over the past three years. Annuncio • Dec 29
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.28 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.28 in 3Q 2022). Revenue: CN¥622.0m (down 22% from 3Q 2022). Net income: CN¥28.3m (down 61% from 3Q 2022). Profit margin: 4.6% (down from 9.1% in 3Q 2022). The decrease in margin was driven by lower revenue. 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 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
Sichuan Tianyi Comheart Telecom Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Sichuan Tianyi Comheart Telecom Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 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¥21.31, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 15% over the past three years. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.26 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥622.4m (down 19% from 2Q 2022). Net income: CN¥33.6m (down 51% from 2Q 2022). Profit margin: 5.4% (down from 8.9% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 26% 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 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 8.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (101% cash payout ratio). Profit margins are more than 30% lower than last year (5.3% net profit margin). Annuncio • May 25
Sichuan Tianyi Comheart Telecom Co., Ltd. Announces Cash Dividend on A Shares for the Year 2022, Payable on 30 May 2023 Sichuan Tianyi Comheart Telecom Co., Ltd. announced cash dividend of CNY 2.00000000 per 10 shares (tax included) on A shares for the year 2022. Record date is 29 May 2023, Ex-date is 30 May 2023 and Payment date is 30 May 2023. Annuncio • May 19
Sichuan Tianyi Comheart Telecom Co., Ltd. Approves Final Cash Dividend for the Year 2022 Sichuan Tianyi Comheart Telecom Co., Ltd. at its AGM held on May 15, 2023 approved final cash dividend of CNY 2.00 per 10 shares (tax included) for the year 2022. Reported Earnings • Apr 22
First quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.26 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.26 in 1Q 2022). Revenue: CN¥757.8m (down 2.5% from 1Q 2022). Net income: CN¥61.7m (down 12% from 1Q 2022). Profit margin: 8.1% (down from 9.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications 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 fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.80, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 28x in the Communications industry in China. Total loss to shareholders of 2.7% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Director Xuebing Cai was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.21 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.28 (up from CN¥0.21 in 3Q 2021). Revenue: CN¥794.3m (up 29% from 3Q 2021). Net income: CN¥72.4m (up 32% from 3Q 2021). Profit margin: 9.1% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.16 in 2Q 2021). Revenue: CN¥769.3m (up 39% from 2Q 2021). Net income: CN¥68.6m (up 63% from 2Q 2021). Profit margin: 8.9% (up from 7.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Director Xuebing Cai was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 13
First quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.18 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.18 in 1Q 2021). Revenue: CN¥777.1m (up 41% from 1Q 2021). Net income: CN¥70.3m (up 43% from 1Q 2021). Profit margin: 9.1% (up from 9.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 18%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥22.62, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 33x in the Communications industry in China. Total loss to shareholders of 9.6% over the past three years. Reported Earnings • Oct 19
Third quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.14 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥616.1m (up 23% from 3Q 2020). Net income: CN¥55.0m (up 43% from 3Q 2020). Profit margin: 8.9% (up from 7.7% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.089 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥554.3m (up 23% from 2Q 2020). Net income: CN¥42.0m (up 71% from 2Q 2020). Profit margin: 7.6% (up from 5.5% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.15 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥549.8m (up 20% from 1Q 2020). Net income: CN¥49.3m (up 27% from 1Q 2020). Profit margin: 9.0% (up from 8.5% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 29
Full year 2020 earnings released: EPS CN¥0.41 (vs CN¥0.40 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¥1.91b (down 11% from FY 2019). Net income: CN¥110.2m (up 2.3% from FY 2019). Profit margin: 5.8% (up from 5.0% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥15.91 The company is down 27% from its price of CN¥21.88 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥16.84 The company is down 16% from its price of CN¥20.06 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 Communications industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥18.42 The company is down 5.0% from its price of CN¥19.48 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 8.0% over the same period. Reported Earnings • Oct 13
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥90.6m, down 35% from the prior year. Total revenue was CN¥1.83b over the last 12 months, down 22% from the prior year. 
