Board Change • May 20
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. 4 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xuehua Yu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. お知らせ • Mar 30
Suzhou Recodeal Interconnect System Co.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 お知らせ • Dec 26
Suzhou Recodeal Interconnect System Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026 お知らせ • Sep 30
Suzhou Recodeal Interconnect System Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 お知らせ • Jun 30
Suzhou Recodeal Interconnect System Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 お知らせ • Apr 15
Suzhou Recodeal Interconnect System Co.,Ltd, Annual General Meeting, May 12, 2025 Suzhou Recodeal Interconnect System Co.,Ltd, Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: 2F, Building A, No. 998, Songjia Road, Wusongjiang Science and Technology Industrial Park, Wuzhong District, Suzhou, Jiangsu China お知らせ • Mar 28
Suzhou Recodeal Interconnect System Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 お知らせ • Dec 27
Suzhou Recodeal Interconnect System Co.,Ltd to Report Fiscal Year 2024 Results on Apr 15, 2025 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report fiscal year 2024 results on Apr 15, 2025 Buy Or Sell Opportunity • Nov 12
Now 23% undervalued Over the last 90 days, the stock has risen 86% to CN¥43.30. The fair value is estimated to be CN¥56.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 6.3%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 108% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥36.17, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 6.9% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥55.86 per share. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.26 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥631.3m (up 61% from 3Q 2023). Net income: CN¥41.0m (up 41% from 3Q 2023). Profit margin: 6.5% (down from 7.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥35.75, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electrical industry in China. Total loss to shareholders of 15% over the past year. 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 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 (44% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). お知らせ • Sep 30
Suzhou Recodeal Interconnect System Co.,Ltd to Report Q3, 2024 Results on Oct 25, 2024 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥24.00, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Electrical industry in China. Total loss to shareholders of 38% over the past year. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.31 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥495.7m (up 55% from 2Q 2023). Net income: CN¥23.3m (down 8.6% from 2Q 2023). Profit margin: 4.7% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. お知らせ • Jun 28
Suzhou Recodeal Interconnect System Co.,Ltd to Report First Half, 2024 Results on Aug 22, 2024 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report first half, 2024 results on Aug 22, 2024 お知らせ • Apr 19
Suzhou Recodeal Interconnect System Co.,Ltd, Annual General Meeting, May 09, 2024 Suzhou Recodeal Interconnect System Co.,Ltd, Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Location: 2F, Building A, No. 998, Songjia Road, Wusongjiang Science and Technology Industrial Park, Wuzhong District, Suzhou, Jiangsu China Reported Earnings • Apr 18
Full year 2023 earnings released: EPS: CN¥0.86 (vs CN¥1.65 in FY 2022) Full year 2023 results: EPS: CN¥0.86 (down from CN¥1.65 in FY 2022). Revenue: CN¥1.55b (down 4.3% from FY 2022). Net income: CN¥136.8m (down 46% from FY 2022). Profit margin: 8.8% (down from 16% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥24.32, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Electrical industry in China. Total loss to shareholders of 58% over the past year. お知らせ • Mar 29
Suzhou Recodeal Interconnect System Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 Suzhou Recodeal Interconnect System Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: CN¥0.90 (vs CN¥1.65 in FY 2022) Full year 2023 results: EPS: CN¥0.90 (down from CN¥1.65 in FY 2022). Revenue: CN¥1.56b (down 4.2% from FY 2022). Net income: CN¥142.1m (down 44% from FY 2022). Profit margin: 9.1% (down from 16% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in China. 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¥26.55, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electrical industry in China. Total loss to shareholders of 67% over the past year. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥33.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 53% over the past year. New Risk • Dec 12
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 8.0% 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 (8.0% average weekly change). High level of non-cash earnings (48% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥47.49, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Electrical industry in China. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.46 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.46 in 3Q 2022). Revenue: CN¥392.4m (down 8.8% from 3Q 2022). Net income: CN¥29.3m (down 59% from 3Q 2022). Profit margin: 7.5% (down from 17% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. New Risk • Oct 29
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: 10% Last year net profit margin: 16% 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: Major Risk High level of non-cash earnings (48% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). お知らせ • Oct 11
Suzhou Recodeal Interconnect System Co.,Ltd (SHSE:688800) announces an Equity Buyback for 1,100,000 shares, for CNY 66 million. Suzhou Recodeal Interconnect System Co.,Ltd (SHSE:688800) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, for CNY 66 million worth of shares. The shares will be repurchased at a price of not more than CNY 60 per share. The shares purchased will be used for the equity incentives or employee stock ownership plans. The program will be valid till 12 months. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥46.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥73.30 per share. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.46 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.31 (down from CN¥0.46 in 2Q 2022). Revenue: CN¥319.5m (down 14% from 2Q 2022). Net income: CN¥25.7m (down 63% from 2Q 2022). Profit margin: 8.0% (down from 19% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Buying Opportunity • Aug 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥59.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 42%. Revenue is forecast to grow by 144% in 2 years. Earnings is forecast to grow by 119% in the next 2 years. New Risk • Jun 14
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 6.9% 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 (40% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥2.31 (vs CN¥1.23 in FY 2021) Full year 2022 results: EPS: CN¥2.31 (up from CN¥1.23 in FY 2021). Revenue: CN¥1.63b (up 80% from FY 2021). Net income: CN¥252.7m (up 122% from FY 2021). Profit margin: 16% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥2.33 (vs CN¥1.23 in FY 2021) Full year 2022 results: EPS: CN¥2.33 (up from CN¥1.23 in FY 2021). Revenue: CN¥1.63b (up 80% from FY 2021). Net income: CN¥254.8m (up 124% from FY 2021). Profit margin: 16% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 28% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥114, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 23x in the Electrical industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥162 per share. Board Change • Dec 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Yan Wang was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
