Annuncio • Jun 30
Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥72.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share. New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Board Change • May 20
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 an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Guosheng Xin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Mar 30
Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Annuncio • Mar 28
Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026 Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China Annuncio • Dec 26
Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Annuncio • Sep 30
Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Annuncio • Jun 30
Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Annuncio • Apr 29
Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025 Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Annuncio • Mar 28
Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Annuncio • Dec 27
Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥3.21b (up 15% from 3Q 2023). Net income: CN¥247.9m (down 16% from 3Q 2023). Profit margin: 7.7% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% 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 7% per year whereas the company’s share price has increased by 3% per year. Annuncio • Sep 30
Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.42, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.94 per share. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.23 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥3.12b (up 19% from 2Q 2023). Net income: CN¥338.6m (up 76% from 2Q 2023). Profit margin: 11% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% 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 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥26.91, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.76 per share. New Risk • Jul 17
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 7.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Annuncio • Jun 28
Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥31.46, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.73 per share. Declared Dividend • Jun 01
Dividend of CN¥0.50 announced Shareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 29
Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024 Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥1.11 (vs CN¥1.27 in FY 2022) Full year 2023 results: EPS: CN¥1.11 (down from CN¥1.27 in FY 2022). Revenue: CN¥10.8b (up 2.3% from FY 2022). Net income: CN¥936.3m (down 12% from FY 2022). Profit margin: 8.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% 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 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Mar 29
Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years. Annuncio • Dec 30
Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in 3Q 2022). Revenue: CN¥2.79b (up 7.8% from 3Q 2022). Net income: CN¥296.4m (up 5.3% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 17% 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 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥19.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥2.62b (down 5.0% from 2Q 2022). Net income: CN¥192.4m (down 34% from 2Q 2022). Profit margin: 7.3% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% 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 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (147% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥25.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥22.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 34% over the past three years. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥1.27 (vs CN¥1.11 in FY 2021) Full year 2022 results: EPS: CN¥1.27 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.07b (up 14% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 18% 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 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: CN¥1.26 (vs CN¥1.11 in FY 2021) Full year 2022 results: EPS: CN¥1.26 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.06b (up 13% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 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 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. 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 30
Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% 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 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% 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 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥2.76b (up 22% from 2Q 2021). Net income: CN¥289.8m (up 39% from 2Q 2021). Profit margin: 11% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.30 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.30 in 1Q 2021). Revenue: CN¥2.37b (up 14% from 1Q 2021). Net income: CN¥175.6m (down 31% from 1Q 2021). Profit margin: 7.4% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥34.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.25 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.42b (up 36% from 3Q 2020). Net income: CN¥246.6m (up 19% from 3Q 2020). Profit margin: 10% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.31 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 33% from 2Q 2020). Net income: CN¥208.1m (down 19% from 2Q 2020). Profit margin: 9.2% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Negligible returns to shareholders over past three years. Upcoming Dividend • May 05
Upcoming dividend of CN¥0.30 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 12 May 2021. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (1.9%). In line with average of industry peers (0.9%). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.26 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¥2.07b (up 44% from 1Q 2020). Net income: CN¥254.4m (up 15% from 1Q 2020). Profit margin: 12% (down from 15% 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 7% per year whereas the company’s share price has increased by 6% per year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥1.10 (vs CN¥1.01 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¥7.06b (up 12% from FY 2019). Net income: CN¥921.0m (up 10.0% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 11
New 90-day low: CN¥25.64 The company is down 20% from its price of CN¥32.11 on 13 November 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 down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.25 per share. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥26.93 The company is down 18% from its price of CN¥32.90 on 29 October 2020. The Chinese market is up 12% 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¥9.35 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥30.12 The company is down 10.0% from its price of CN¥33.60 on 11 September 2020. The Chinese market is up 5.0% 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¥7.90 per share. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥31.20 The company is down 12% from its price of CN¥35.46 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed 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¥8.22 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥890.8m, up 11% from the prior year. Total revenue was CN¥6.72b over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥33.27 The company is down 4.0% from its price of CN¥34.50 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.85 per share.