View Future GrowthBeijing Infosec TechnologiesLtd 過去の業績過去 基準チェック /16Beijing Infosec TechnologiesLtdの収益は年間平均-48%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10.5% 1%割合で 増加しています。 Beijing Infosec TechnologiesLtdの自己資本利益率は3%であり、純利益率は5.6%です。主要情報-48.04%収益成長率-50.13%EPS成長率Software 業界の成長4.57%収益成長率0.99%株主資本利益率3.00%ネット・マージン5.62%次回の業績アップデート22 May 2026最近の業績更新お知らせ • Mar 30Beijing Infosec Technologies Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 26Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026お知らせ • Sep 30Beijing Infosec Technologies Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025お知らせ • Jun 30Beijing Infosec Technologies Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • Mar 28Beijing Infosec Technologies Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025Beijing Infosec Technologies 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 updatesBoard 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. 4 non-independent directors. Independent Director Debiao He 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 28Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 19, 2026Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: Building No. 2, No. 6, Jianfeng Road (South Extension), Haidian District, Beijing Chinaお知らせ • Mar 30Beijing Infosec Technologies Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026お知らせ • Dec 26Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026お知らせ • Sep 30Beijing Infosec Technologies Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025お知らせ • Jun 30Beijing Infosec Technologies Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025お知らせ • Apr 29Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 20, 2025Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.お知らせ • Mar 28Beijing Infosec Technologies Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: CN¥0.05 loss per share (vs CN¥0.048 profit in 3Q 2023)Third quarter 2024 results: CN¥0.05 loss per share (down from CN¥0.048 profit in 3Q 2023). Revenue: CN¥114.5m (down 31% from 3Q 2023). Net loss: CN¥15.6m (down 200% from profit in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in China.お知らせ • Sep 30Beijing Infosec Technologies Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Beijing Infosec Technologies Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024Reported Earnings • Aug 30Second quarter 2024 earnings released: CN¥0.033 loss per share (vs CN¥0.016 profit in 2Q 2023)Second quarter 2024 results: CN¥0.033 loss per share (down from CN¥0.016 profit in 2Q 2023). Revenue: CN¥115.0m (down 8.9% from 2Q 2023). Net loss: CN¥3.71m (down 178% from profit in 2Q 2023).お知らせ • Jun 28Beijing Infosec Technologies Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024Beijing Infosec Technologies Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024お知らせ • Apr 29Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 17, 2024Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing ChinaReported Earnings • Apr 27Full year 2023 earnings released: EPS: CN¥0.053 (vs CN¥0.80 in FY 2022)Full year 2023 results: EPS: CN¥0.053 (down from CN¥0.80 in FY 2022). Revenue: CN¥549.2m (down 17% from FY 2022). Net income: CN¥11.2m (down 93% from FY 2022). Profit margin: 2.0% (down from 25% in FY 2022). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.お知らせ • Mar 29Beijing Infosec Technologies Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.052 (vs CN¥0.80 in FY 2022)Full year 2023 results: EPS: CN¥0.052 (down from CN¥0.80 in FY 2022). Revenue: CN¥560.8m (down 15% from FY 2022). Net income: CN¥10.9m (down 93% from FY 2022). Profit margin: 1.9% (down from 25% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥13.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.56 per share.お知らせ • Feb 23Beijing Infosec Technologies Co.,Ltd. (SHSE:688201) announces an Equity Buyback for CNY 60 million worth of its shares.Beijing Infosec Technologies Co.,Ltd. (SHSE:688201) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 20 per share. The purpose of the program is to safeguard the company's value and shareholders' rights. The funds for the repurchases are the company's own funds. The program will be valid for a period of 3 months.New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% 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: Minor Risks Dividend is not well covered by cash flows (185% cash payout ratio). Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (5.4% increase in shares outstanding).Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥13.49, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 28x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.27 per share.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.14 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.071 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥164.8m (up 17% from 3Q 2022). Net income: CN¥15.5m (down 47% from 3Q 2022). Profit margin: 9.4% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China.New Risk • Aug 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 28% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (17% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.067 (down from CN¥0.13 in 2Q 2022). Revenue: CN¥126.2m (up 18% from 2Q 2022). Net income: CN¥4.78m (down 82% from 2Q 2022). Profit margin: 3.8% (down from 25% in 2Q 2022). 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.Reported Earnings • Apr 18Full year 2022 earnings released: EPS: CN¥1.19 (vs CN¥1.22 in FY 2021)Full year 2022 results: EPS: CN¥1.19. Revenue: CN¥658.1m (up 25% from FY 2021). Net income: CN¥163.9m (up 6.4% from FY 2021). Profit margin: 25% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China.Board Change • Mar 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.収支内訳Beijing Infosec TechnologiesLtd 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:688201 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 265533119114931 Dec 255422118615130 Sep 25519162019830 Jun 25513-419912331 Mar 25505-2820715131 Dec 24501-4820917330 Sep 24507-2621019130 Jun 24557620819531 Mar 245681420519931 Dec 235491120019430 Sep 236909721218330 Jun 2366511120016831 Mar 2364613318614831 Dec 2265816417813430 Sep 2257815915711530 Jun 2254115015010931 Mar 2254015314510431 Dec 2152515414810030 Sep 214761331259630 Jun 214521321188931 Mar 214281141198631 Dec 204161071128231 Dec 1931890814531 Dec 1826978802931 Dec 17220477526質の高い収益: 688201にはCN¥9.9M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: 688201過去に利益を上げました。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: 688201の収益は過去 5 年間で年間48%減少しました。成長の加速: 688201は昨年収益を上げたため、収益成長率を 5 年間の平均と比較することは困難です。収益対業界: 688201昨年収益を上げたため、昨年の収益成長を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: 688201の 自己資本利益率 ( 3% ) は 低い とみなされます。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2026/05/21 23:56終値2026/05/21 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Beijing Infosec Technologies Co.,Ltd 1 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Rui HanChina International Capital Corporation LimitedSheng FengZhongtai Securities Co. Ltd.Fan ZhangZhongtai Securities Co. Ltd.
お知らせ • Mar 30Beijing Infosec Technologies Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 26Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026
お知らせ • Sep 30Beijing Infosec Technologies Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025
お知らせ • Jun 30Beijing Infosec Technologies Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • Mar 28Beijing Infosec Technologies Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025
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. 4 non-independent directors. Independent Director Debiao He 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 28Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 19, 2026Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: Building No. 2, No. 6, Jianfeng Road (South Extension), Haidian District, Beijing China
お知らせ • Mar 30Beijing Infosec Technologies Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026
お知らせ • Dec 26Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026
お知らせ • Sep 30Beijing Infosec Technologies Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025
お知らせ • Jun 30Beijing Infosec Technologies Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025
お知らせ • Apr 29Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 20, 2025Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.
お知らせ • Mar 28Beijing Infosec Technologies Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Beijing Infosec Technologies Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025Beijing Infosec Technologies Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: CN¥0.05 loss per share (vs CN¥0.048 profit in 3Q 2023)Third quarter 2024 results: CN¥0.05 loss per share (down from CN¥0.048 profit in 3Q 2023). Revenue: CN¥114.5m (down 31% from 3Q 2023). Net loss: CN¥15.6m (down 200% from profit in 3Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in China.
お知らせ • Sep 30Beijing Infosec Technologies Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024Beijing Infosec Technologies Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024
Reported Earnings • Aug 30Second quarter 2024 earnings released: CN¥0.033 loss per share (vs CN¥0.016 profit in 2Q 2023)Second quarter 2024 results: CN¥0.033 loss per share (down from CN¥0.016 profit in 2Q 2023). Revenue: CN¥115.0m (down 8.9% from 2Q 2023). Net loss: CN¥3.71m (down 178% from profit in 2Q 2023).
お知らせ • Jun 28Beijing Infosec Technologies Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024Beijing Infosec Technologies Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024
お知らせ • Apr 29Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 17, 2024Beijing Infosec Technologies Co.,Ltd, Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
Reported Earnings • Apr 27Full year 2023 earnings released: EPS: CN¥0.053 (vs CN¥0.80 in FY 2022)Full year 2023 results: EPS: CN¥0.053 (down from CN¥0.80 in FY 2022). Revenue: CN¥549.2m (down 17% from FY 2022). Net income: CN¥11.2m (down 93% from FY 2022). Profit margin: 2.0% (down from 25% in FY 2022). Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.
お知らせ • Mar 29Beijing Infosec Technologies Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024Beijing Infosec Technologies Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.052 (vs CN¥0.80 in FY 2022)Full year 2023 results: EPS: CN¥0.052 (down from CN¥0.80 in FY 2022). Revenue: CN¥560.8m (down 15% from FY 2022). Net income: CN¥10.9m (down 93% from FY 2022). Profit margin: 1.9% (down from 25% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥13.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.56 per share.
お知らせ • Feb 23Beijing Infosec Technologies Co.,Ltd. (SHSE:688201) announces an Equity Buyback for CNY 60 million worth of its shares.Beijing Infosec Technologies Co.,Ltd. (SHSE:688201) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 20 per share. The purpose of the program is to safeguard the company's value and shareholders' rights. The funds for the repurchases are the company's own funds. The program will be valid for a period of 3 months.
New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.9% 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: Minor Risks Dividend is not well covered by cash flows (185% cash payout ratio). Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (5.4% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥13.49, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 28x in the Software industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.27 per share.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.071 (vs CN¥0.14 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.071 (down from CN¥0.14 in 3Q 2022). Revenue: CN¥164.8m (up 17% from 3Q 2022). Net income: CN¥15.5m (down 47% from 3Q 2022). Profit margin: 9.4% (down from 21% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China.
New Risk • Aug 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Profit margins are more than 30% lower than last year (17% net profit margin). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).
New Risk • Aug 11New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 28% 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 Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (17% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: CN¥0.067 (vs CN¥0.13 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.067 (down from CN¥0.13 in 2Q 2022). Revenue: CN¥126.2m (up 18% from 2Q 2022). Net income: CN¥4.78m (down 82% from 2Q 2022). Profit margin: 3.8% (down from 25% in 2Q 2022). 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.
Reported Earnings • Apr 18Full year 2022 earnings released: EPS: CN¥1.19 (vs CN¥1.22 in FY 2021)Full year 2022 results: EPS: CN¥1.19. Revenue: CN¥658.1m (up 25% from FY 2021). Net income: CN¥163.9m (up 6.4% from FY 2021). Profit margin: 25% (down from 29% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China.
Board Change • Mar 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.