View ValuationJiangsu Etern 将来の成長Future 基準チェック /36Jiangsu Eternは、54.9%と13.6%でそれぞれ年率54.9%で利益と収益が成長すると予測される一方、EPSはgrowで54%年率。主要情報54.9%収益成長率54.00%EPS成長率Communications 収益成長47.2%収益成長率13.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日09 Mar 2026今後の成長に関する最新情報Price Target Changed • Apr 27Price target decreased to CN¥7.80Down from CN¥11.25, the current price target is provided by 1 analyst. New target price is 152% above last closing price of CN¥3.10. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.09 last year.すべての更新を表示Recent updatesNew Risk • May 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).Reported Earnings • Apr 21Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.16 (up from CN¥0.044 in FY 2024). Revenue: CN¥5.29b (up 29% from FY 2024). Net income: CN¥233.6m (up 280% from FY 2024). Profit margin: 4.4% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 31% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 21Jiangsu Etern Company Limited, Annual General Meeting, May 15, 2026Jiangsu Etern Company Limited, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu Chinaお知らせ • Mar 30Jiangsu Etern Company Limited to Report Q1, 2026 Results on Apr 21, 2026Jiangsu Etern Company Limited announced that they will report Q1, 2026 results on Apr 21, 2026お知らせ • Dec 26Jiangsu Etern Company Limited to Report Fiscal Year 2025 Results on Apr 21, 2026Jiangsu Etern Company Limited announced that they will report fiscal year 2025 results on Apr 21, 2026Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥16.42, the stock trades at a forward P/E ratio of 119x. Average forward P/E is 42x in the Communications industry in China. Total returns to shareholders of 341% over the past three years.Reported Earnings • Oct 22Third quarter 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.019 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.007 (down from CN¥0.019 in 3Q 2024). Revenue: CN¥1.37b (up 19% from 3Q 2024). Net income: CN¥10.6m (down 59% from 3Q 2024). Profit margin: 0.8% (down from 2.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥14.81, the stock trades at a forward P/E ratio of 84x. Average forward P/E is 52x in the Communications industry in China. Total returns to shareholders of 334% over the past three years.Upcoming Dividend • Oct 07Upcoming dividend of CN¥0.035 per shareEligible shareholders must have bought the stock before 14 October 2025. Payment date: 14 October 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (0.7%).お知らせ • Sep 30Jiangsu Etern Company Limited to Report Q3, 2025 Results on Oct 28, 2025Jiangsu Etern Company Limited announced that they will report Q3, 2025 results on Oct 28, 2025Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 27%After last week's 27% share price gain to CN¥12.81, the stock trades at a forward P/E ratio of 73x. Average forward P/E is 53x in the Communications industry in China. Total returns to shareholders of 297% over the past three years.Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.003 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.02 (up from CN¥0.003 in 2Q 2024). Revenue: CN¥1.38b (up 38% from 2Q 2024). Net income: CN¥28.8m (up CN¥24.8m from 2Q 2024). Profit margin: 2.1% (up from 0.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥11.04, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 51x in the Communications industry in China. Total returns to shareholders of 202% over the past three years.お知らせ • Jun 30Jiangsu Etern Company Limited to Report First Half, 2025 Results on Aug 26, 2025Jiangsu Etern Company Limited announced that they will report first half, 2025 results on Aug 26, 2025New Risk • May 26New 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 10% 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 (10% average weekly change). Minor Risk Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥7.39, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 40x in the Communications industry in China. Total returns to shareholders of 131% over the past three years.New Risk • Apr 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change).Reported Earnings • Apr 23First quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.02 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥877.7m (up 7.5% from 1Q 2024). Net income: CN¥289.8m (up CN¥262.5m from 1Q 2024). Profit margin: 33% (up from 3.3% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 22Jiangsu Etern Company Limited, Annual General Meeting, May 16, 2025Jiangsu Etern Company Limited, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu Chinaお知らせ • Mar 28Jiangsu Etern Company Limited to Report Q1, 2025 Results on Apr 22, 2025Jiangsu Etern Company Limited announced that they will report Q1, 2025 results on Apr 22, 2025お知らせ • Dec 27Jiangsu Etern Company Limited to Report Fiscal Year 2024 Results on Apr 22, 2025Jiangsu Etern Company Limited announced that they will report fiscal year 2024 results on Apr 22, 2025New Risk • Dec 05New 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 11% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).New Risk • Oct 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).Buy Or Sell Opportunity • Oct 24Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to CN¥5.14. The fair value is estimated to be CN¥4.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 783% in the next 2 years.お知らせ • Sep 30Jiangsu Etern Company Limited to Report Q3, 2024 Results on Oct 26, 2024Jiangsu Etern Company Limited announced that they will report Q3, 2024 results on Oct 26, 2024Buy Or Sell Opportunity • Aug 22Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to CN¥3.77. The fair value is estimated to be CN¥4.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years.Buy Or Sell Opportunity • Jul 23Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to CN¥3.42. The fair value is estimated to be CN¥4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years.Buy Or Sell Opportunity • Jul 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to CN¥3.45. The fair value is estimated to be CN¥4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years.お知らせ • Jun 28Jiangsu Etern Company Limited to Report First Half, 2024 Results on Aug 27, 2024Jiangsu Etern Company Limited announced that they will report first half, 2024 results on Aug 27, 2024お知らせ • Apr 29Jiangsu Etern Company Limited, Annual General Meeting, May 24, 2024Jiangsu Etern Company Limited, Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu ChinaReported Earnings • Apr 28First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.017 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.017 in 1Q 2023). Revenue: CN¥816.2m (down 13% from 1Q 2023). Net income: CN¥27.3m (up 13% from 1Q 2023). Profit margin: 3.3% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 29Jiangsu Etern Company Limited to Report Q1, 2024 Results on Apr 23, 2024Jiangsu Etern Company Limited announced that they will report Q1, 2024 results on Apr 23, 2024Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥4.72, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 45% over the past three years.Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥3.96, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Communications industry in China. Total returns to shareholders of 39% over the past three years.お知らせ • Dec 29Jiangsu Etern Company Limited to Report Fiscal Year 2023 Results on Apr 23, 2024Jiangsu Etern Company Limited announced that they will report fiscal year 2023 results on Apr 23, 2024New Risk • Nov 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.035 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.035 in 3Q 2022). Revenue: CN¥1.07b (down 14% from 3Q 2022). Net income: CN¥46.8m (down 8.4% from 3Q 2022). Profit margin: 4.4% (up from 4.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • Sep 30Jiangsu Etern Company Limited to Report Q3, 2023 Results on Oct 27, 2023Jiangsu Etern Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.012 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.012 (in line with 2Q 2022). Revenue: CN¥940.7m (up 2.6% from 2Q 2022). Net income: CN¥16.1m (flat on 2Q 2022). Profit margin: 1.7% (in line with 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥7.58, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 36% over the past three years.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥7.47, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 78% over the past three years.Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.74, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Communications industry in China. Total returns to shareholders of 41% over the past three years.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CN¥6.78, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 59% over the past three years.Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥0.16 (up from CN¥0.09 in FY 2021). Revenue: CN¥4.23b (up 8.1% from FY 2021). Net income: CN¥226.1m (up 87% from FY 2021). Profit margin: 5.3% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.01 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.035 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥1.25b (up 46% from 3Q 2021). Net income: CN¥51.1m (up 277% from 3Q 2021). Profit margin: 4.1% (up from 1.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.005 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥916.9m (down 19% from 2Q 2021). Net income: CN¥16.0m (up 136% from 2Q 2021). Profit margin: 1.7% (up from 0.6% in 2Q 2021). Over the next year, revenue is forecast to grow 68%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Apr 28Jiangsu Etern Company Limited (SHSE:600105) agreed to acquire 45.05% stake in Beijing Etern Zhiyuan Network Technology Co., Ltd. from Jiangsu Etern Group Company Limited for approximately CNY 183 million.Jiangsu Etern Company Limited (SHSE:600105) agreed to acquire 45.05% stake in Beijing Etern Zhiyuan Network Technology Co., Ltd. from Jiangsu Etern Group Company Limited for approximately CNY 183 million on April 22, 2022. As on December 31, 2021, Beijing Etern Zhiyuan Network Technology reported the Total assets of CNY 261,304,500, Net asset of CNY 251,676,000, Revenue of CNY 63,215,500 and Net profit of CNY 13,947,600. As on April 22, 2022, Jiangsu Etern Company Limited's board of directors approved the deal. Transaction is still subject to Jiangsu Etern Company Limited's shareholders approval.Price Target Changed • Apr 27Price target decreased to CN¥7.80Down from CN¥11.25, the current price target is provided by 1 analyst. New target price is 152% above last closing price of CN¥3.10. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.09 last year.Board Change • Apr 27Less 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. 10 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Wei Hua was the last independent director to join the board, commencing their role in 2016. 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 • Nov 01Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.006 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥855.1m (down 15% from 3Q 2020). Net income: CN¥13.6m (up 75% from 3Q 2020). Profit margin: 1.6% (up from 0.8% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.036 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.13b (up 50% from 2Q 2020). Net income: CN¥6.78m (up CN¥50.6m from 2Q 2020). Profit margin: 0.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.お知らせ • Jun 10Jiangsu Etern Company Limited announced that it expects to receive CNY 1.08 billion in fundingJiangsu Etern Company Limited (SHSE:600105) announced a private placement of not more than 414,260,942 shares for not more than CNY 1,080,000,000 on June 10, 2021. The subscribers of this issuance are no more than 35 specific investors. The issuance price shall not be lower than 80% of the average trading price of the company’s stock in the 20 trading days before the pricing base date. After the completion of this non-public issuance of stocks, the company's shares subscribed by the issuance target shall not be transferred within 6 months from the date of the issuance. The transaction has been approved by the fifth interim meeting of the company's ninth board of directors. The company’s general meeting of shareholders may only be implemented after it has been reviewed and approved by the China Securities Regulatory Commission.Reported Earnings • Apr 20Full year 2020 earnings released: CN¥0.43 loss per share (vs CN¥0.017 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥3.29b (down 2.5% from FY 2019). Net loss: CN¥559.6m (down CN¥581.2m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.お知らせ • Mar 11Suzhou Longju Chuanghe Venture Capital Partnership (Limited Partnership), Beijing Mingzhi Advocating New Information Technology Industry Investment Fund Partnership and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 11.9% stake in Wuhan Etern Optical Technology Co., Ltd from Jiangsu Etern Company Limited (SHSE:600105) for CNY 41.7 million.Suzhou Longju Chuanghe Venture Capital Partnership (Limited Partnership), Beijing Mingzhi Advocating New Information Technology Industry Investment Fund Partnership and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 11.9% stake in Wuhan Etern Optical Technology Co., Ltd from Jiangsu Etern Company Limited (SHSE:600105) for CNY 41.7 million on March 8, 2021.Under the terms of agreement, Suzhou Longju Chuanghe Venture Capital will acquire 5% stake for CNY 17.5 million, Beijing Mingzhi Advocating New Information Technology will acquire 4.9% stake for CNY17.15 million and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise will acquire 2% stake for CNY 7 million. Post completion, Jiangsu Etern Company Zhou Zhiyong and Wuhan Tongxin Yuanchuang will hold 36.6%, 20% and 31% stake in Wuhan Etern Optical Technology. Zhou Zhiyong controls 51% equity of Wuhan Etern Optical Technology through direct and indirect holdings via Wuhan Tongxin Yuanchuang Technology. For Year ended December 31, 2020, Wuhan Etern Optical Technology had total assets, net assets, operating revenue and net profit as CNY 204.3 million, CNY 59 million, CNY 196.2 million and CNY 19.4 million respectively.On March 8, 2021, the 2021 third extraordinary meeting of the Ninth Board of Directors of the Jiangsu Etern Company have reviewed and approved the Proposal on Transfer of Equity Interests. The transaction does not need to be approved by relevant departments.Is New 90 Day High Low • Jan 25New 90-day low: CN¥2.98The company is down 53% from its price of CN¥6.28 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period.Is New 90 Day High Low • Dec 16New 90-day low: CN¥3.52The company is down 40% from its price of CN¥5.90 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 6.0% over the same period.Is New 90 Day High Low • Nov 18New 90-day high: CN¥6.79The company is up 10.0% from its price of CN¥6.16 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 10.0% over the same period.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥148.2m, with earnings decreasing by CN¥253.6m from the prior year. Total revenue was CN¥2.99b over the last 12 months, down 17% from the prior year.Is New 90 Day High Low • Oct 20New 90-day high: CN¥6.75The company is up 33% from its price of CN¥5.07 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 5.0% over the same period.お知らせ • Jul 10Jiangsu Etern Company Limited to Report First Half, 2020 Results on Aug 28, 2020Jiangsu Etern Company Limited announced that they will report first half, 2020 results on Aug 28, 2020業績と収益の成長予測SHSE:600105 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20277,062278N/A112112/31/20265,650169N/A33313/31/20265,655103-243255N/A12/31/20255,287234-45312N/A9/30/20254,769333-141184N/A6/30/20254,550349-22539N/A3/31/20254,173324-38234N/A12/31/20244,11161-569-336N/A9/30/20244,37214-548-281N/A6/30/20244,29034-438-156N/A3/31/20244,22646-314-29N/A12/31/20234,34543-31287N/A9/30/20234,083220-33163N/A6/30/20234,263224-33954N/A3/31/20234,239224-583-210N/A12/31/20224,228214-835-495N/A9/30/20224,18561-851-666N/A6/30/20223,79224-1,003-772N/A3/31/20224,00814-1,149-852N/A12/31/20213,910121-1,172-785N/A9/30/20213,860-26648542N/A6/30/20214,006-272190671N/A3/31/20213,627-322473889N/A12/31/20203,285-5606621,030N/A9/30/20202,995-148-41013N/A6/30/20202,740-166-311103N/A3/31/20203,208-114-31434N/A12/31/20193,37122N/A443N/A9/30/20193,588106N/A391N/A6/30/20193,683144N/A251N/A3/31/20193,207172N/A-83N/A12/31/20183,221194N/A-136N/A9/30/20183,426224N/A-173N/A6/30/20183,375234N/A-113N/A3/31/20183,079273N/A-127N/A12/31/20172,871288N/A-18N/A9/30/20172,627259N/A150N/A6/30/20172,433267N/A150N/A3/31/20172,491261N/A244N/A12/31/20162,579251N/A56N/A9/30/20162,406223N/A-30N/A6/30/20162,340201N/A-71N/A3/31/20162,320196N/A-15N/A12/31/20152,256181N/A50N/A9/30/20152,520136N/A50N/A6/30/20152,500141N/A214N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 600105の予測収益成長率 (年間54.9% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 600105の収益 ( 54.9% ) はCN市場 ( 27.2% ) よりも速いペースで成長すると予測されています。高成長収益: 600105の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 600105の収益 ( 13.6% ) CN市場 ( 16.2% ) よりも低い成長が予測されています。高い収益成長: 600105の収益 ( 13.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 600105の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance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2026/05/23 19:42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Jiangsu Etern Company Limited 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。4 アナリスト機関Liangbi ZhaoChina Galaxy Securities Co., Ltd.Zhi Yi KangHuatai ResearchHaiqing TangIndustrial Securities Co. Ltd.1 その他のアナリストを表示
Price Target Changed • Apr 27Price target decreased to CN¥7.80Down from CN¥11.25, the current price target is provided by 1 analyst. New target price is 152% above last closing price of CN¥3.10. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.09 last year.
New Risk • May 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).
New Risk • Apr 22New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.4% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.8% net profit margin).
Reported Earnings • Apr 21Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.16 (up from CN¥0.044 in FY 2024). Revenue: CN¥5.29b (up 29% from FY 2024). Net income: CN¥233.6m (up 280% from FY 2024). Profit margin: 4.4% (up from 1.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 31% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 21Jiangsu Etern Company Limited, Annual General Meeting, May 15, 2026Jiangsu Etern Company Limited, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu China
お知らせ • Mar 30Jiangsu Etern Company Limited to Report Q1, 2026 Results on Apr 21, 2026Jiangsu Etern Company Limited announced that they will report Q1, 2026 results on Apr 21, 2026
お知らせ • Dec 26Jiangsu Etern Company Limited to Report Fiscal Year 2025 Results on Apr 21, 2026Jiangsu Etern Company Limited announced that they will report fiscal year 2025 results on Apr 21, 2026
Valuation Update With 7 Day Price Move • Nov 28Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥16.42, the stock trades at a forward P/E ratio of 119x. Average forward P/E is 42x in the Communications industry in China. Total returns to shareholders of 341% over the past three years.
Reported Earnings • Oct 22Third quarter 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.019 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.007 (down from CN¥0.019 in 3Q 2024). Revenue: CN¥1.37b (up 19% from 3Q 2024). Net income: CN¥10.6m (down 59% from 3Q 2024). Profit margin: 0.8% (down from 2.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥14.81, the stock trades at a forward P/E ratio of 84x. Average forward P/E is 52x in the Communications industry in China. Total returns to shareholders of 334% over the past three years.
Upcoming Dividend • Oct 07Upcoming dividend of CN¥0.035 per shareEligible shareholders must have bought the stock before 14 October 2025. Payment date: 14 October 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (0.7%).
お知らせ • Sep 30Jiangsu Etern Company Limited to Report Q3, 2025 Results on Oct 28, 2025Jiangsu Etern Company Limited announced that they will report Q3, 2025 results on Oct 28, 2025
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 27%After last week's 27% share price gain to CN¥12.81, the stock trades at a forward P/E ratio of 73x. Average forward P/E is 53x in the Communications industry in China. Total returns to shareholders of 297% over the past three years.
Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.003 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.02 (up from CN¥0.003 in 2Q 2024). Revenue: CN¥1.38b (up 38% from 2Q 2024). Net income: CN¥28.8m (up CN¥24.8m from 2Q 2024). Profit margin: 2.1% (up from 0.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥11.04, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 51x in the Communications industry in China. Total returns to shareholders of 202% over the past three years.
お知らせ • Jun 30Jiangsu Etern Company Limited to Report First Half, 2025 Results on Aug 26, 2025Jiangsu Etern Company Limited announced that they will report first half, 2025 results on Aug 26, 2025
New Risk • May 26New 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 10% 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 (10% average weekly change). Minor Risk Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥7.39, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 40x in the Communications industry in China. Total returns to shareholders of 131% over the past three years.
New Risk • Apr 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 24% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change).
Reported Earnings • Apr 23First quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.02 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.20 (up from CN¥0.02 in 1Q 2024). Revenue: CN¥877.7m (up 7.5% from 1Q 2024). Net income: CN¥289.8m (up CN¥262.5m from 1Q 2024). Profit margin: 33% (up from 3.3% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 22Jiangsu Etern Company Limited, Annual General Meeting, May 16, 2025Jiangsu Etern Company Limited, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu China
お知らせ • Mar 28Jiangsu Etern Company Limited to Report Q1, 2025 Results on Apr 22, 2025Jiangsu Etern Company Limited announced that they will report Q1, 2025 results on Apr 22, 2025
お知らせ • Dec 27Jiangsu Etern Company Limited to Report Fiscal Year 2024 Results on Apr 22, 2025Jiangsu Etern Company Limited announced that they will report fiscal year 2024 results on Apr 22, 2025
New Risk • Dec 05New 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 11% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
New Risk • Oct 30New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin).
Buy Or Sell Opportunity • Oct 24Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 48% to CN¥5.14. The fair value is estimated to be CN¥4.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 783% in the next 2 years.
お知らせ • Sep 30Jiangsu Etern Company Limited to Report Q3, 2024 Results on Oct 26, 2024Jiangsu Etern Company Limited announced that they will report Q3, 2024 results on Oct 26, 2024
Buy Or Sell Opportunity • Aug 22Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 8.5% to CN¥3.77. The fair value is estimated to be CN¥4.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years.
Buy Or Sell Opportunity • Jul 23Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to CN¥3.42. The fair value is estimated to be CN¥4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years.
Buy Or Sell Opportunity • Jul 08Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 25% to CN¥3.45. The fair value is estimated to be CN¥4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years.
お知らせ • Jun 28Jiangsu Etern Company Limited to Report First Half, 2024 Results on Aug 27, 2024Jiangsu Etern Company Limited announced that they will report first half, 2024 results on Aug 27, 2024
お知らせ • Apr 29Jiangsu Etern Company Limited, Annual General Meeting, May 24, 2024Jiangsu Etern Company Limited, Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu China
Reported Earnings • Apr 28First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.017 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.017 in 1Q 2023). Revenue: CN¥816.2m (down 13% from 1Q 2023). Net income: CN¥27.3m (up 13% from 1Q 2023). Profit margin: 3.3% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 29Jiangsu Etern Company Limited to Report Q1, 2024 Results on Apr 23, 2024Jiangsu Etern Company Limited announced that they will report Q1, 2024 results on Apr 23, 2024
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥4.72, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 45% over the past three years.
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥3.96, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Communications industry in China. Total returns to shareholders of 39% over the past three years.
お知らせ • Dec 29Jiangsu Etern Company Limited to Report Fiscal Year 2023 Results on Apr 23, 2024Jiangsu Etern Company Limited announced that they will report fiscal year 2023 results on Apr 23, 2024
New Risk • Nov 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.035 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.035 in 3Q 2022). Revenue: CN¥1.07b (down 14% from 3Q 2022). Net income: CN¥46.8m (down 8.4% from 3Q 2022). Profit margin: 4.4% (up from 4.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • Sep 30Jiangsu Etern Company Limited to Report Q3, 2023 Results on Oct 27, 2023Jiangsu Etern Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.012 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.012 (in line with 2Q 2022). Revenue: CN¥940.7m (up 2.6% from 2Q 2022). Net income: CN¥16.1m (flat on 2Q 2022). Profit margin: 1.7% (in line with 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥7.58, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 36% over the past three years.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥7.47, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 78% over the past three years.
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥5.74, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Communications industry in China. Total returns to shareholders of 41% over the past three years.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 31%After last week's 31% share price gain to CN¥6.78, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 59% over the past three years.
Reported Earnings • Apr 18Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥0.16 (up from CN¥0.09 in FY 2021). Revenue: CN¥4.23b (up 8.1% from FY 2021). Net income: CN¥226.1m (up 87% from FY 2021). Profit margin: 5.3% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.01 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.035 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥1.25b (up 46% from 3Q 2021). Net income: CN¥51.1m (up 277% from 3Q 2021). Profit margin: 4.1% (up from 1.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.005 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥916.9m (down 19% from 2Q 2021). Net income: CN¥16.0m (up 136% from 2Q 2021). Profit margin: 1.7% (up from 0.6% in 2Q 2021). Over the next year, revenue is forecast to grow 68%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 28Jiangsu Etern Company Limited (SHSE:600105) agreed to acquire 45.05% stake in Beijing Etern Zhiyuan Network Technology Co., Ltd. from Jiangsu Etern Group Company Limited for approximately CNY 183 million.Jiangsu Etern Company Limited (SHSE:600105) agreed to acquire 45.05% stake in Beijing Etern Zhiyuan Network Technology Co., Ltd. from Jiangsu Etern Group Company Limited for approximately CNY 183 million on April 22, 2022. As on December 31, 2021, Beijing Etern Zhiyuan Network Technology reported the Total assets of CNY 261,304,500, Net asset of CNY 251,676,000, Revenue of CNY 63,215,500 and Net profit of CNY 13,947,600. As on April 22, 2022, Jiangsu Etern Company Limited's board of directors approved the deal. Transaction is still subject to Jiangsu Etern Company Limited's shareholders approval.
Price Target Changed • Apr 27Price target decreased to CN¥7.80Down from CN¥11.25, the current price target is provided by 1 analyst. New target price is 152% above last closing price of CN¥3.10. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CN¥0.21 for next year compared to CN¥0.09 last year.
Board Change • Apr 27Less 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. 10 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Wei Hua was the last independent director to join the board, commencing their role in 2016. 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 • Nov 01Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.006 in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥855.1m (down 15% from 3Q 2020). Net income: CN¥13.6m (up 75% from 3Q 2020). Profit margin: 1.6% (up from 0.8% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.036 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.13b (up 50% from 2Q 2020). Net income: CN¥6.78m (up CN¥50.6m from 2Q 2020). Profit margin: 0.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 10Jiangsu Etern Company Limited announced that it expects to receive CNY 1.08 billion in fundingJiangsu Etern Company Limited (SHSE:600105) announced a private placement of not more than 414,260,942 shares for not more than CNY 1,080,000,000 on June 10, 2021. The subscribers of this issuance are no more than 35 specific investors. The issuance price shall not be lower than 80% of the average trading price of the company’s stock in the 20 trading days before the pricing base date. After the completion of this non-public issuance of stocks, the company's shares subscribed by the issuance target shall not be transferred within 6 months from the date of the issuance. The transaction has been approved by the fifth interim meeting of the company's ninth board of directors. The company’s general meeting of shareholders may only be implemented after it has been reviewed and approved by the China Securities Regulatory Commission.
Reported Earnings • Apr 20Full year 2020 earnings released: CN¥0.43 loss per share (vs CN¥0.017 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥3.29b (down 2.5% from FY 2019). Net loss: CN¥559.6m (down CN¥581.2m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 11Suzhou Longju Chuanghe Venture Capital Partnership (Limited Partnership), Beijing Mingzhi Advocating New Information Technology Industry Investment Fund Partnership and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 11.9% stake in Wuhan Etern Optical Technology Co., Ltd from Jiangsu Etern Company Limited (SHSE:600105) for CNY 41.7 million.Suzhou Longju Chuanghe Venture Capital Partnership (Limited Partnership), Beijing Mingzhi Advocating New Information Technology Industry Investment Fund Partnership and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 11.9% stake in Wuhan Etern Optical Technology Co., Ltd from Jiangsu Etern Company Limited (SHSE:600105) for CNY 41.7 million on March 8, 2021.Under the terms of agreement, Suzhou Longju Chuanghe Venture Capital will acquire 5% stake for CNY 17.5 million, Beijing Mingzhi Advocating New Information Technology will acquire 4.9% stake for CNY17.15 million and Wuhan Tongxin Yuanchuang Technology Partnership Enterprise will acquire 2% stake for CNY 7 million. Post completion, Jiangsu Etern Company Zhou Zhiyong and Wuhan Tongxin Yuanchuang will hold 36.6%, 20% and 31% stake in Wuhan Etern Optical Technology. Zhou Zhiyong controls 51% equity of Wuhan Etern Optical Technology through direct and indirect holdings via Wuhan Tongxin Yuanchuang Technology. For Year ended December 31, 2020, Wuhan Etern Optical Technology had total assets, net assets, operating revenue and net profit as CNY 204.3 million, CNY 59 million, CNY 196.2 million and CNY 19.4 million respectively.On March 8, 2021, the 2021 third extraordinary meeting of the Ninth Board of Directors of the Jiangsu Etern Company have reviewed and approved the Proposal on Transfer of Equity Interests. The transaction does not need to be approved by relevant departments.
Is New 90 Day High Low • Jan 25New 90-day low: CN¥2.98The company is down 53% from its price of CN¥6.28 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period.
Is New 90 Day High Low • Dec 16New 90-day low: CN¥3.52The company is down 40% from its price of CN¥5.90 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 6.0% over the same period.
Is New 90 Day High Low • Nov 18New 90-day high: CN¥6.79The company is up 10.0% from its price of CN¥6.16 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 10.0% over the same period.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥148.2m, with earnings decreasing by CN¥253.6m from the prior year. Total revenue was CN¥2.99b over the last 12 months, down 17% from the prior year.
Is New 90 Day High Low • Oct 20New 90-day high: CN¥6.75The company is up 33% from its price of CN¥5.07 on 22 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 5.0% over the same period.
お知らせ • Jul 10Jiangsu Etern Company Limited to Report First Half, 2020 Results on Aug 28, 2020Jiangsu Etern Company Limited announced that they will report first half, 2020 results on Aug 28, 2020