View Future GrowthPiesat Information Technology 過去の業績過去 基準チェック /06Piesat Information Technologyの収益は年間平均-68.7%の割合で減少していますが、 Software業界の収益は年間 減少しています。収益は年間10.3% 9%割合で 減少しています。主要情報-68.67%収益成長率-67.91%EPS成長率Software 業界の成長4.57%収益成長率-8.99%株主資本利益率n/aネット・マージン-272.05%前回の決算情報31 Mar 2026最近の業績更新お知らせ • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026お知らせ • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025お知らせ • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025すべての更新を表示Recent updatesNew Risk • May 21New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CN¥159m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-CN¥776m). Earnings have declined by 69% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-CN¥159m).Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lirong Meng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 30Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing Chinaお知らせ • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026お知らせ • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026お知らせ • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025お知らせ • Apr 29Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.お知らせ • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 26Third quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.24 loss in 3Q 2023)Third quarter 2024 results: CN¥0.14 loss per share (improved from CN¥0.24 loss in 3Q 2023). Revenue: CN¥501.9m (down 11% from 3Q 2023). Net loss: CN¥37.1m (loss narrowed 28% from 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.お知らせ • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.35 profit in 2Q 2023)Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.35 profit in 2Q 2023). Revenue: CN¥621.5m (down 17% from 2Q 2023). Net loss: CN¥34.0m (down 134% from profit in 2Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.お知らせ • Jun 28Piesat Information Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Piesat Information Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024Reported Earnings • Apr 26First quarter 2024 earnings released: CN¥0.58 loss per share (vs CN¥0.34 loss in 1Q 2023)First quarter 2024 results: CN¥0.58 loss per share (further deteriorated from CN¥0.34 loss in 1Q 2023). Revenue: CN¥221.4m (down 20% from 1Q 2023). Net loss: CN¥150.7m (loss widened 69% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.Reported Earnings • Apr 14Full year 2023 earnings released: CN¥1.63 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.63 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.82b (down 26% from FY 2022). Net loss: CN¥374.2m (down 242% from profit in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China.お知らせ • Apr 12Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing Chinaお知らせ • Mar 29Piesat Information Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024New Risk • Mar 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change).Reported Earnings • Feb 29Full year 2023 earnings released: CN¥1.60 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.60 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.84b (down 25% from FY 2022). Net loss: CN¥366.7m (down 239% from profit in FY 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥22.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 20% over the past three years.お知らせ • Dec 29Piesat Information Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024Buying Opportunity • Nov 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥64.26, 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 19%. Revenue is forecast to grow by 99% in 2 years. Earnings is forecast to grow by 346% in the next 2 years.New Risk • Nov 01New minor risk - Profit margin trendThe 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: 11% 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).Buying Opportunity • Oct 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥59.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 160% in the next 2 years.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.26 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.26 in 2Q 2022). Revenue: CN¥748.7m (up 28% from 2Q 2022). Net income: CN¥99.9m (up 72% from 2Q 2022). Profit margin: 13% (up from 9.9% in 2Q 2022). 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 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥65.64, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 50x in the Software industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.79 per share.お知らせ • Jun 01Piesat Information Technology Co., Ltd. (SHSE:688066) announces an Equity Buyback for CNY 100 million worth of its shares.Piesat Information Technology Co., Ltd. (SHSE:688066) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The program will be valid till 12 months.Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥83.34, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 72% over the past three years.Reported Earnings • Apr 23Full year 2022 earnings released: EPS: CN¥1.43 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.43 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.46b (up 67% from FY 2021). Net income: CN¥264.1m (up 32% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥1.45 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.45 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.48b (up 69% from FY 2021). Net income: CN¥268.6m (up 34% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.Board Change • Dec 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yongyi Ma was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.収支内訳Piesat Information Technology の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史XSSC:688066 収益、費用、利益 ( )CNY Millions日付収益収益G+A経費研究開発費31 Mar 26427-1,1637-2931 Dec 25448-1,86044625530 Sep 25633-1,53850127230 Jun 251,022-1,45653329031 Mar 251,478-1,35752530831 Dec 241,575-1,39361731030 Sep 241,577-55657732530 Jun 241,638-57061834531 Mar 241,765-43670038031 Dec 231,819-37469838130 Sep 232,65114170637230 Jun 232,70026769434131 Mar 232,53722565932031 Dec 222,45726461429430 Sep 222,05022754728230 Jun 221,81320348925731 Mar 221,59419542822431 Dec 211,46820038221130 Sep 211,25015131716030 Jun 211,07513227115231 Mar 2190012022613531 Dec 2084712920212430 Sep 2073211517011330 Jun 2068711516510031 Mar 20606881648631 Dec 19601841668630 Sep 196161351597630 Jun 19513861547131 Mar 19431481696931 Dec 18423641394831 Dec 1729648863731 Dec 16195335332質の高い収益: 688066は現在利益が出ていません。利益率の向上: 688066は現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 688066は利益が出ておらず、過去 5 年間で損失は年間68.7%の割合で増加しています。成長の加速: 688066の過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: 688066は利益が出ていないため、過去 1 年間の収益成長をSoftware業界 ( -2.3% ) と比較することは困難です。株主資本利益率高いROE: 688066の負債は資産を上回っているため、自己資本利益率を計算することは困難です。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 09:42終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Piesat Information Technology Co., Ltd. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Zhongyu LiuChina International Capital Corporation LimitedEugene HsiaoMacquarie ResearchSheng WangSWS Research Co., Ltd.
お知らせ • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026
お知らせ • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
お知らせ • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
New Risk • May 21New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CN¥159m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-CN¥776m). Earnings have declined by 69% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-CN¥159m).
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lirong Meng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 30Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
お知らせ • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
お知らせ • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026
お知らせ • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
お知らせ • Apr 29Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.
お知らせ • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 26Third quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.24 loss in 3Q 2023)Third quarter 2024 results: CN¥0.14 loss per share (improved from CN¥0.24 loss in 3Q 2023). Revenue: CN¥501.9m (down 11% from 3Q 2023). Net loss: CN¥37.1m (loss narrowed 28% from 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.
お知らせ • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.35 profit in 2Q 2023)Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.35 profit in 2Q 2023). Revenue: CN¥621.5m (down 17% from 2Q 2023). Net loss: CN¥34.0m (down 134% from profit in 2Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.
お知らせ • Jun 28Piesat Information Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Piesat Information Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
Reported Earnings • Apr 26First quarter 2024 earnings released: CN¥0.58 loss per share (vs CN¥0.34 loss in 1Q 2023)First quarter 2024 results: CN¥0.58 loss per share (further deteriorated from CN¥0.34 loss in 1Q 2023). Revenue: CN¥221.4m (down 20% from 1Q 2023). Net loss: CN¥150.7m (loss widened 69% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.
Reported Earnings • Apr 14Full year 2023 earnings released: CN¥1.63 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.63 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.82b (down 26% from FY 2022). Net loss: CN¥374.2m (down 242% from profit in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China.
お知らせ • Apr 12Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
お知らせ • Mar 29Piesat Information Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
New Risk • Mar 28New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change).
Reported Earnings • Feb 29Full year 2023 earnings released: CN¥1.60 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.60 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.84b (down 25% from FY 2022). Net loss: CN¥366.7m (down 239% from profit in FY 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥22.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 20% over the past three years.
お知らせ • Dec 29Piesat Information Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024
Buying Opportunity • Nov 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥64.26, 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 19%. Revenue is forecast to grow by 99% in 2 years. Earnings is forecast to grow by 346% in the next 2 years.
New Risk • Nov 01New minor risk - Profit margin trendThe 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: 11% 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 Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).
Buying Opportunity • Oct 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥59.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 160% in the next 2 years.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.26 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.26 in 2Q 2022). Revenue: CN¥748.7m (up 28% from 2Q 2022). Net income: CN¥99.9m (up 72% from 2Q 2022). Profit margin: 13% (up from 9.9% in 2Q 2022). 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 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥65.64, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 50x in the Software industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.79 per share.
お知らせ • Jun 01Piesat Information Technology Co., Ltd. (SHSE:688066) announces an Equity Buyback for CNY 100 million worth of its shares.Piesat Information Technology Co., Ltd. (SHSE:688066) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The program will be valid till 12 months.
Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥83.34, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Apr 23Full year 2022 earnings released: EPS: CN¥1.43 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.43 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.46b (up 67% from FY 2021). Net income: CN¥264.1m (up 32% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥1.45 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.45 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.48b (up 69% from FY 2021). Net income: CN¥268.6m (up 34% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.
Board Change • Dec 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yongyi Ma was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.