Shenzhen Kinwong Electronic（603228）株式概要Shenzhen Kinwong Electronic Co, Ltd.は、プリント基板（PCB）および電子材料の研究、開発、生産、販売を中国国内および国際的に行っている。 詳細603228 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長4/6過去の実績1/6財務の健全性5/6配当金2/6報酬当社が推定した公正価値より42.9%で取引されている 収益は年間48.1%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析高いレベルの非現金収入 CN市場と比較した過去 3 か月間の株価の変動0.76%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る603228 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW494,069 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG494,069 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥71.9713.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture036b2016201920222025202620282031Revenue CN¥35.6bEarnings CN¥2.6bAdvancedSet Fair ValueView all narrativesShenzhen Kinwong Electronic Co., Ltd. 競合他社Shenzhen Sunlord ElectronicsLtdSymbol: SZSE:002138Market cap: CN¥51.8bFounder Technology GroupLtdSymbol: SHSE:600601Market cap: CN¥64.6bGoldenmax International GroupSymbol: SZSE:002636Market cap: CN¥77.9bZhejiang Crystal-OptechSymbol: SZSE:002273Market cap: CN¥51.4b価格と性能株価の高値、安値、推移の概要Shenzhen Kinwong Electronic過去の株価現在の株価CN¥71.9752週高値CN¥89.9052週安値CN¥45.22ベータ0.961ヶ月の変化-4.42%3ヶ月変化33.55%1年変化54.51%3年間の変化178.09%5年間の変化155.21%IPOからの変化322.97%最新ニュースお知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥79.48, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 217% over the past three years.New Risk • May 22New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥82.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 292% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.New Risk • Apr 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026最新情報をもっと見るRecent updatesお知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥79.48, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 217% over the past three years.New Risk • May 22New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥82.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 292% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.New Risk • Apr 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026Reported Earnings • Mar 29Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥1.30. Revenue: CN¥15.3b (up 21% from FY 2024). Net income: CN¥1.23b (up 5.3% from FY 2024). Profit margin: 8.0% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China.お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong Chinaお知らせ • Dec 26Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026Buy Or Sell Opportunity • Dec 24Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to CN¥76.60. The fair value is estimated to be CN¥61.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 111% in the next 2 years.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.28 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.28 in 3Q 2024). Revenue: CN¥3.99b (up 24% from 3Q 2024). Net income: CN¥298.6m (up 20% from 3Q 2024). Profit margin: 7.5% (down from 7.7% in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 28Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to CN¥77.19. The fair value is estimated to be CN¥60.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 96% in the next 2 years.お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥63.81, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.45 per share.Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥68.97, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.40 per share.New Risk • Sep 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% 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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Reported Earnings • Sep 01Second quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.40 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.33 (down from CN¥0.40 in 2Q 2024). Revenue: CN¥3.75b (up 20% from 2Q 2024). Net income: CN¥324.7m (down 4.1% from 2Q 2024). Profit margin: 8.7% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 41% 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 20%After last week's 20% share price gain to CN¥65.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.37 per share.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥56.98, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.35 per share.Buy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 90% to CN¥53.20. The fair value is estimated to be CN¥43.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥38.04, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.80 per share.Buy Or Sell Opportunity • Jun 17Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to CN¥31.05. The fair value is estimated to be CN¥39.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.Declared Dividend • Jun 06Dividend increased to CN¥0.80Dividend of CN¥0.80 is 60% higher than last year. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (197% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • May 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change).お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time.Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥28.18, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.45 per share.お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥34.21, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.58 per share.Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥38.78, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.50 per share.New Risk • Feb 17New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change).Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥34.95, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.97 per share.Buy Or Sell Opportunity • Jan 20Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to CN¥34.95. The fair value is estimated to be CN¥27.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.お知らせ • Dec 27Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥3.21b (up 15% from 3Q 2023). Net income: CN¥247.9m (down 16% from 3Q 2023). Profit margin: 7.7% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥28.85, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.88 per share.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥3.12b (up 19% from 2Q 2023). Net income: CN¥338.6m (up 76% from 2Q 2023). Profit margin: 11% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥26.91, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.86 per share.New Risk • Jul 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).お知らせ • Jun 28Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥30.51, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.66 per share.Declared Dividend • Jun 01Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong ChinaReported Earnings • Apr 28Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥1.11 (down from CN¥1.27 in FY 2022). Revenue: CN¥10.8b (up 2.3% from FY 2022). Net income: CN¥936.3m (down 12% from FY 2022). Profit margin: 8.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Mar 29Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥19.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years.お知らせ • Dec 30Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in 3Q 2022). Revenue: CN¥2.79b (up 7.8% from 3Q 2022). Net income: CN¥296.4m (up 5.3% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥2.62b (down 5.0% from 2Q 2022). Net income: CN¥192.4m (down 34% from 2Q 2022). Profit margin: 7.3% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.New Risk • Jul 11New 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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (147% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥25.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥22.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 34% over the past three years.Reported Earnings • Apr 24Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.27 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.07b (up 14% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 04Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.26 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.06b (up 13% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less 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. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥2.76b (up 22% from 2Q 2021). Net income: CN¥289.8m (up 39% from 2Q 2021). Profit margin: 11% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥26.01, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 1.3% over the past three years.Reported Earnings • May 02First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.30 in 1Q 2021). Revenue: CN¥2.37b (up 14% from 1Q 2021). Net income: CN¥175.6m (down 31% from 1Q 2021). Profit margin: 7.4% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Apr 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. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥34.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years.Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.25 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.42b (up 36% from 3Q 2020). Net income: CN¥246.6m (up 19% from 3Q 2020). Profit margin: 10% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.31 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 33% from 2Q 2020). Net income: CN¥208.1m (down 19% from 2Q 2020). Profit margin: 9.2% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 29x in the Electronic industry in China. Negligible returns to shareholders over past three years.Upcoming Dividend • May 05Upcoming dividend of CN¥0.30 per shareEligible shareholders must have bought the stock before 12 May 2021. Payment date: 12 May 2021. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (1.9%). In line with average of industry peers (0.9%).Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.26 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥2.07b (up 44% from 1Q 2020). Net income: CN¥254.4m (up 15% from 1Q 2020). Profit margin: 12% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.10 (vs CN¥1.01 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.06b (up 12% from FY 2019). Net income: CN¥921.0m (up 10.0% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 10New 90-day low: CN¥25.64The company is down 19% from its price of CN¥31.51 on 12 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.27 per share.Is New 90 Day High Low • Jan 26New 90-day low: CN¥26.93The company is down 19% from its price of CN¥33.40 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.37 per share.Is New 90 Day High Low • Dec 09New 90-day low: CN¥30.12The company is down 10.0% from its price of CN¥33.31 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.92 per share.Is New 90 Day High Low • Nov 02New 90-day low: CN¥31.20The company is down 12% from its price of CN¥35.46 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.21 per share.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥890.8m, up 11% from the prior year. Total revenue was CN¥6.72b over the last 12 months, up 14% from the prior year.お知らせ • Oct 29Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020Is New 90 Day High Low • Sep 24New 90-day low: CN¥33.27The company is down 4.0% from its price of CN¥34.50 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.85 per share.お知らせ • Jul 17Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020株主還元603228CN ElectronicCN 市場7D-0.9%-4.2%0.4%1Y54.5%108.7%27.7%株主還元を見る業界別リターン: 603228過去 1 年間で108.7 % の収益を上げたCN Electronic業界を下回りました。リターン対市場: 603228過去 1 年間で27.7 % の収益を上げたCN市場を上回りました。価格変動Is 603228's price volatile compared to industry and market?603228 volatility603228 Average Weekly Movement10.2%Electronic Industry Average Movement9.0%Market Average Movement6.8%10% most volatile stocks in CN Market11.1%10% least volatile stocks in CN Market4.2%安定した株価: 603228の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 603228の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト199320,680Yu Liuwww.kinwong.comShenzhen Kinwong Electronic Co., Ltd.は、プリント基板（PCB）および電子材料の研究、開発、生産、販売を中国内外で行っている。単層、二層、多層PCBなどの従来型PCB、銅、アルミニウム、ステンレス、鉄からなるメタルベースPCB、片面、両面、多層PCBなどのフレキシブルPCB、高密度相互接続、RFマイクロ波、リジッドフレックス、高レイヤーカウントPCB、埋め込み銅インレイなどを提供。また、エンジニアリングや設計サービスも提供している。車載、スマート端末、民生、電源、テレコム、産業・医療、コンピューティング市場にサービスを提供している。同社は1993年に設立され、中国の深センに本社を置いている。Shenzhen Kinwong Electronic Co., Ltd.は以前はKinwong Group Limitedの子会社であった。もっと見るShenzhen Kinwong Electronic Co., Ltd. 基礎のまとめShenzhen Kinwong Electronic の収益と売上を時価総額と比較するとどうか。603228 基礎統計学時価総額CN¥70.88b収益（TTM）CN¥1.14b売上高(TTM)CN¥15.86b62.2xPER（株価収益率4.5xP/Sレシオ603228 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計603228 損益計算書（TTM）収益CN¥15.86b売上原価CN¥12.58b売上総利益CN¥3.27bその他の費用CN¥2.14b収益CN¥1.14b直近の収益報告Mar 31, 2026次回決算日Aug 22, 2026一株当たり利益（EPS）1.16グロス・マージン20.65%純利益率7.18%有利子負債／自己資本比率29.5%603228 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.8%現在の配当利回り47%配当性向View Valuation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2026/07/04 19:53終値2026/07/03 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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Shenzhen Kinwong Electronic 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。2 アナリスト機関Tao XuCitic Securities Co., Ltd.Lu ZhangHuatai Research
お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥79.48, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 217% over the past three years.
New Risk • May 22New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥82.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 292% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.
New Risk • Apr 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥79.48, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 217% over the past three years.
New Risk • May 22New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥82.50, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 292% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.
New Risk • Apr 23New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
Reported Earnings • Mar 29Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥1.30. Revenue: CN¥15.3b (up 21% from FY 2024). Net income: CN¥1.23b (up 5.3% from FY 2024). Profit margin: 8.0% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China.
お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China
お知らせ • Dec 26Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026
Buy Or Sell Opportunity • Dec 24Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to CN¥76.60. The fair value is estimated to be CN¥61.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.7%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 111% in the next 2 years.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.28 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.28 in 3Q 2024). Revenue: CN¥3.99b (up 24% from 3Q 2024). Net income: CN¥298.6m (up 20% from 3Q 2024). Profit margin: 7.5% (down from 7.7% in 3Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 28Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to CN¥77.19. The fair value is estimated to be CN¥60.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10.0% over the last 3 years. Earnings per share has grown by 4.8%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 96% in the next 2 years.
お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥63.81, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.45 per share.
Valuation Update With 7 Day Price Move • Sep 12Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥68.97, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 256% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.40 per share.
New Risk • Sep 03New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% 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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Reported Earnings • Sep 01Second quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.40 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.33 (down from CN¥0.40 in 2Q 2024). Revenue: CN¥3.75b (up 20% from 2Q 2024). Net income: CN¥324.7m (down 4.1% from 2Q 2024). Profit margin: 8.7% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 41% 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 20%After last week's 20% share price gain to CN¥65.23, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.37 per share.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥56.98, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 183% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.35 per share.
Buy Or Sell Opportunity • Jul 17Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 90% to CN¥53.20. The fair value is estimated to be CN¥43.32, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.
お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
Valuation Update With 7 Day Price Move • Jun 27Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥38.04, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.80 per share.
Buy Or Sell Opportunity • Jun 17Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to CN¥31.05. The fair value is estimated to be CN¥39.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 7.1%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 63% in the next 2 years.
Declared Dividend • Jun 06Dividend increased to CN¥0.80Dividend of CN¥0.80 is 60% higher than last year. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (197% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • May 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change).
お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time.
Valuation Update With 7 Day Price Move • Apr 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥28.18, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.45 per share.
お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥34.21, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.58 per share.
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥38.78, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.50 per share.
New Risk • Feb 17New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥34.95, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.97 per share.
Buy Or Sell Opportunity • Jan 20Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 22% to CN¥34.95. The fair value is estimated to be CN¥27.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 56% in the next 2 years.
お知らせ • Dec 27Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥3.21b (up 15% from 3Q 2023). Net income: CN¥247.9m (down 16% from 3Q 2023). Profit margin: 7.7% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 26%After last week's 26% share price gain to CN¥28.85, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.88 per share.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥3.12b (up 19% from 2Q 2023). Net income: CN¥338.6m (up 76% from 2Q 2023). Profit margin: 11% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥26.91, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.86 per share.
New Risk • Jul 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).
お知らせ • Jun 28Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥30.51, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.66 per share.
Declared Dividend • Jun 01Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China
Reported Earnings • Apr 28Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥1.11 (down from CN¥1.27 in FY 2022). Revenue: CN¥10.8b (up 2.3% from FY 2022). Net income: CN¥936.3m (down 12% from FY 2022). Profit margin: 8.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Mar 29Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥19.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years.
お知らせ • Dec 30Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in 3Q 2022). Revenue: CN¥2.79b (up 7.8% from 3Q 2022). Net income: CN¥296.4m (up 5.3% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥2.62b (down 5.0% from 2Q 2022). Net income: CN¥192.4m (down 34% from 2Q 2022). Profit margin: 7.3% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
New Risk • Jul 11New 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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (147% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥25.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥22.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 34% over the past three years.
Reported Earnings • Apr 24Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.27 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.07b (up 14% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 04Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.26 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.06b (up 13% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 3.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less 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. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥2.76b (up 22% from 2Q 2021). Net income: CN¥289.8m (up 39% from 2Q 2021). Profit margin: 11% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥26.01, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 1.3% over the past three years.
Reported Earnings • May 02First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.30 in 1Q 2021). Revenue: CN¥2.37b (up 14% from 1Q 2021). Net income: CN¥175.6m (down 31% from 1Q 2021). Profit margin: 7.4% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Apr 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. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥34.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years.
Reported Earnings • Nov 01Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.25 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.42b (up 36% from 3Q 2020). Net income: CN¥246.6m (up 19% from 3Q 2020). Profit margin: 10% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Aug 13Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.31 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 33% from 2Q 2020). Net income: CN¥208.1m (down 19% from 2Q 2020). Profit margin: 9.2% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 29x in the Electronic industry in China. Negligible returns to shareholders over past three years.
Upcoming Dividend • May 05Upcoming dividend of CN¥0.30 per shareEligible shareholders must have bought the stock before 12 May 2021. Payment date: 12 May 2021. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (1.9%). In line with average of industry peers (0.9%).
Reported Earnings • Apr 29First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.26 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥2.07b (up 44% from 1Q 2020). Net income: CN¥254.4m (up 15% from 1Q 2020). Profit margin: 12% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.10 (vs CN¥1.01 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.06b (up 12% from FY 2019). Net income: CN¥921.0m (up 10.0% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 10New 90-day low: CN¥25.64The company is down 19% from its price of CN¥31.51 on 12 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.27 per share.
Is New 90 Day High Low • Jan 26New 90-day low: CN¥26.93The company is down 19% from its price of CN¥33.40 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.37 per share.
Is New 90 Day High Low • Dec 09New 90-day low: CN¥30.12The company is down 10.0% from its price of CN¥33.31 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.92 per share.
Is New 90 Day High Low • Nov 02New 90-day low: CN¥31.20The company is down 12% from its price of CN¥35.46 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.21 per share.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥890.8m, up 11% from the prior year. Total revenue was CN¥6.72b over the last 12 months, up 14% from the prior year.
お知らせ • Oct 29Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020
Is New 90 Day High Low • Sep 24New 90-day low: CN¥33.27The company is down 4.0% from its price of CN¥34.50 on 24 June 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.85 per share.
お知らせ • Jul 17Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020
