View Future GrowthFujian Torch Electron Technology 過去の業績過去 基準チェック /36Fujian Torch Electron Technologyの収益は年間平均-32.1%の割合で減少していますが、 Electronic業界の収益は年間 増加しています。収益は年間0.3% 5.8%割合で 減少しています。 Fujian Torch Electron Technologyの自己資本利益率は4%であり、純利益率は5.4%です。主要情報-32.14%収益成長率-32.36%EPS成長率Electronic 業界の成長10.93%収益成長率-5.83%株主資本利益率3.97%ネット・マージン5.37%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • Apr 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.68 (up from CN¥0.43 in FY 2024). Revenue: CN¥4.12b (up 47% from FY 2024). Net income: CN¥319.8m (up 64% from FY 2024). Profit margin: 7.8% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Mar 30Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026お知らせ • Dec 26Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2024). Revenue: CN¥925.9m (up 28% from 3Q 2024). Net income: CN¥59.1m (down 4.3% from 3Q 2024). Profit margin: 6.4% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Sep 30Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Aug 24Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥1.01b (up 30% from 2Q 2024). Net income: CN¥154.6m (up 72% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 fallen by 54% 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.すべての更新を表示Recent updatesDeclared Dividend • Jun 04Dividend of CN¥0.08 announcedShareholders will receive a dividend of CN¥0.08. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next year, which should provide support to the dividend and adequate earnings cover.New Risk • May 28New 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 8.3% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥37.68, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 11% over the past three years.Reported Earnings • Apr 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.68 (up from CN¥0.43 in FY 2024). Revenue: CN¥4.12b (up 47% from FY 2024). Net income: CN¥319.8m (up 64% from FY 2024). Profit margin: 7.8% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Mar 31Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 21, 2026Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: No. 397, Ningguo Road, Yangpu District, Shanghai Chinaお知らせ • Mar 30Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥36.53, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 34x in the Electronic industry in China. Total loss to shareholders of 17% over the past three years.New Risk • Feb 27New 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 7.4% 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. This is currently the only risk that has been identified for the company.New Risk • Feb 12New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥42.30, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 5.5% over the past three years.お知らせ • Dec 26Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥36.45, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 8.4% over the past three years.Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2024). Revenue: CN¥925.9m (up 28% from 3Q 2024). Net income: CN¥59.1m (down 4.3% from 3Q 2024). Profit margin: 6.4% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Sep 30Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025Declared Dividend • Sep 28First half dividend of CN¥0.16 announcedShareholders will receive a dividend of CN¥0.16. Ex-date: 10th October 2025 Payment date: 10th October 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 164% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 24Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥1.01b (up 30% from 2Q 2024). Net income: CN¥154.6m (up 72% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 fallen by 54% 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 • Jun 30Fujian Torch Electron Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025Declared Dividend • May 24Dividend of CN¥0.06 announcedShareholders will receive a dividend of CN¥0.06. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 169% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 28Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025New Risk • Mar 26New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.分析記事 • Mar 25Earnings Miss: Fujian Torch Electron Technology Co., Ltd. Missed EPS By 39% And Analysts Are Revising Their ForecastsFujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) just released its latest yearly report and things are not...お知らせ • Mar 24Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 11, 2025Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 11, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong ChinaReported Earnings • Mar 22Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.43 (down from CN¥0.70 in FY 2023). Revenue: CN¥2.80b (down 20% from FY 2023). Net income: CN¥194.5m (down 39% from FY 2023). Profit margin: 6.9% (down from 9.1% in FY 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 25% 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 fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥35.54, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.51 per share.分析記事 • Feb 26Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Not Lagging Market On Growth Or PricingFujian Torch Electron Technology Co., Ltd.'s ( SHSE:603678 ) price-to-earnings (or "P/E") ratio of 55.5x might make it...Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥30.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 31x in the Electronic industry in China. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.02 per share.New Risk • Feb 17New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Large one-off items impacting financial results.お知らせ • Dec 27Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025分析記事 • Nov 29Some Investors May Be Worried About Fujian Torch Electron Technology's (SHSE:603678) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...Price Target Changed • Nov 19Price target increased by 17% to CN¥30.21Up from CN¥25.92, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥29.05. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.70 last year.分析記事 • Nov 04Fujian Torch Electron Technology's (SHSE:603678) Weak Earnings May Only Reveal A Part Of The Whole PictureThe market wasn't impressed with the soft earnings from Fujian Torch Electron Technology Co., Ltd. ( SHSE:603678...Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.086 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.086 in 3Q 2023). Revenue: CN¥724.5m (down 36% from 3Q 2023). Net income: CN¥61.7m (up 61% from 3Q 2023). Profit margin: 8.5% (up from 3.4% in 3Q 2023). Revenue is forecast to grow 22% 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 fallen by 47% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥29.01, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 60% over the past three years.分析記事 • Oct 14Market Participants Recognise Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Earnings Pushing Shares 32% HigherFujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) shareholders would be excited to see that the share price...New Risk • Oct 09New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Profit margins are more than 30% lower than last year (6.8% net profit margin).Upcoming Dividend • Oct 07Upcoming dividend of CN¥0.07 per shareEligible shareholders must have bought the stock before 14 October 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (1.3%).お知らせ • Sep 30Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥23.02, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 66% over the past three years.Major Estimate Revision • Aug 26Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.19b to CN¥4.08b. EPS estimate also fell from CN¥0.913 per share to CN¥0.81 per share. Net income forecast to grow 87% next year vs 55% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥25.41. Share price fell 7.0% to CN¥22.02 over the past week.Reported Earnings • Aug 20Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.27 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.27 in 2Q 2023). Revenue: CN¥775.1m (down 17% from 2Q 2023). Net income: CN¥90.0m (down 29% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% 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 fallen by 40% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.分析記事 • Aug 09Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Price In Tune With EarningsFujian Torch Electron Technology Co., Ltd.'s ( SHSE:603678 ) price-to-earnings (or "P/E") ratio of 41.2x might make it...分析記事 • Jul 23Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital Not Reflecting Well On The BusinessIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...お知らせ • Jun 28Fujian Torch Electron Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024分析記事 • May 09After Leaping 25% Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Are Not Flying Under The RadarDespite an already strong run, Fujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) shares have been powering on...Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥25.23, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 53% over the past three years.Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.28 in 1Q 2023). Revenue: CN¥651.6m (up 1.6% from 1Q 2023). Net income: CN¥74.3m (down 41% from 1Q 2023). Profit margin: 11% (down from 20% in 1Q 2023). 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 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 29% per year.分析記事 • Apr 17Returns On Capital Signal Tricky Times Ahead For Fujian Torch Electron Technology (SHSE:603678)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...お知らせ • Mar 29Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Mar 25Fujian Torch Electron Technology's (SHSE:603678) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Fujian Torch Electron Technology Co., Ltd.'s ( SHSE:603678 ) lackluster earnings...お知らせ • Mar 19Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 08, 2024Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Quanzhou, Fujian ChinaReported Earnings • Mar 19Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.70 (down from CN¥1.75 in FY 2022). Revenue: CN¥3.50b (down 1.5% from FY 2022). Net income: CN¥318.4m (down 60% from FY 2022). Profit margin: 9.1% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 12% 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 fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.分析記事 • Mar 06Further Upside For Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Could Introduce Price Risks After 27% BounceFujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) shareholders are no doubt pleased to see that the share...Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥18.11, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.32 per share.お知らせ • Jan 18Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) announces an Equity Buyback for CNY 25 million worth of its shares.Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its Class A shares. The shares will be repurchased at a price of CNY 35 per share. The repurchased shares will be used to safeguard the company's value and shareholders' rights. The program will be funded from company's own funds. The program is valid till April 11, 2024.お知らせ • Dec 29Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 16, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 16, 2024Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.086 (vs CN¥0.49 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.086 (down from CN¥0.49 in 3Q 2022). Revenue: CN¥1.14b (up 30% from 3Q 2022). Net income: CN¥38.4m (down 83% from 3Q 2022). Profit margin: 3.4% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 fallen by 6% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.Major Estimate Revision • Aug 25Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.16b to CN¥3.56b. EPS estimate fell from CN¥2.16 to CN¥1.77 per share. Net income forecast to grow 62% next year vs 59% growth forecast for Electronic industry in China. Consensus price target down from CN¥50.33 to CN¥42.54. Share price fell 7.3% to CN¥32.00 over the past week.Price Target Changed • Aug 19Price target decreased by 13% to CN¥46.45Down from CN¥53.11, the current price target is an average from 2 analysts. New target price is 35% above last closing price of CN¥34.51. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥1.88 for next year compared to CN¥1.75 last year.お知らせ • Jun 28Fujian Torch Electron Technology Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023Fujian Torch Electron Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023Major Estimate Revision • Mar 28Consensus revenue estimates fall by 31%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥5.91b to CN¥4.10b. EPS estimate fell from CN¥2.95 to CN¥2.13 per share. Net income forecast to grow 22% next year vs 48% growth forecast for Electronic industry in China. Consensus price target of CN¥50.20 unchanged from last update. Share price fell 7.1% to CN¥40.19 over the past week.Reported Earnings • Mar 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.75 (down from CN¥2.08 in FY 2021). Revenue: CN¥3.56b (down 25% from FY 2021). Net income: CN¥801.5m (down 16% from FY 2021). Profit margin: 23% (up from 20% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 24% 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 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.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. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zhiqiang Wang 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 • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.51 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.51 in 3Q 2021). Revenue: CN¥876.1m (down 26% from 3Q 2021). Net income: CN¥221.4m (down 4.2% from 3Q 2021). Profit margin: 25% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% 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 33% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 24Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥44.07, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.61 per share.Valuation Update With 7 Day Price Move • Aug 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥54.38, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.56 per share.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥46.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.87 per share.Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.42 (down from CN¥0.56 in 1Q 2021). Revenue: CN¥842.9m (down 27% from 1Q 2021). Net income: CN¥193.9m (down 25% from 1Q 2021). Profit margin: 23% (in line with 1Q 2021). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 39%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Price Target Changed • Apr 27Price target increased to CN¥87.08Up from CN¥53.11, the current price target is an average from 3 analysts. New target price is 142% above last closing price of CN¥35.93. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥2.73 for next year compared to CN¥2.08 last year.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.51 (vs CN¥0.33 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.18b (up 21% from 3Q 2020). Net income: CN¥231.0m (up 53% from 3Q 2020). Profit margin: 20% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 25Second quarter 2021 earnings released: EPS CN¥0.64 (vs CN¥0.47 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.26b (up 41% from 2Q 2020). Net income: CN¥292.5m (up 42% from 2Q 2020). Profit margin: 23% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥76.81, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 185% over the past three years.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥68.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 183% over the past three years.Reported Earnings • Apr 29First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.15b (up 91% from 1Q 2020). Net income: CN¥258.2m (up 277% from 1Q 2020). Profit margin: 22% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥53.01, the stock is trading at a trailing P/E ratio of 46.5x, down from the previous P/E ratio of 56.7x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past three years are 101%.Is New 90 Day High Low • Mar 08New 90-day low: CN¥53.01The company is down 4.0% from its price of CN¥55.23 on 08 December 2020. The Chinese market is up 1.0% 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¥3.06 per share.お知らせ • Jan 22Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 24% share price gain to CN¥79.10, the stock is trading at a trailing P/E ratio of 69.4x, up from the previous P/E ratio of 55.8x. This compares to an average P/E of 42x in the Electronic industry in China. Total returns to shareholders over the past three years are 196%.Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥72.30, the stock is trading at a trailing P/E ratio of 63.4x, up from the previous P/E ratio of 54.9x. This compares to an average P/E of 41x in the Electronic industry in China. Total returns to shareholders over the past three years are 164%.Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥62.59, the stock is trading at a trailing P/E ratio of 54.9x, up from the previous P/E ratio of 47.7x. This compares to an average P/E of 42x in the Electronic industry in China. Total returns to shareholders over the past three years are 136%.Is New 90 Day High Low • Dec 21New 90-day high: CN¥58.26The company is up 30% from its price of CN¥44.75 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.90 per share.Is New 90 Day High Low • Dec 01New 90-day high: CN¥52.55The company is up 28% from its price of CN¥41.06 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥1.67 per share.Is New 90 Day High Low • Nov 04New 90-day high: CN¥52.10The company is up 30% from its price of CN¥40.20 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥1.67 per share.Reported Earnings • Oct 25Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥516.0m, up 39% from the prior year. Total revenue was CN¥3.32b over the last 12 months, up 44% from the prior year.お知らせ • Oct 20Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020Price Target Changed • Oct 15Price target raised to CN¥56.43Up from CN¥45.67, the current price target is an average from 2 analysts. The new target price is 19% above the current share price of CN¥47.50. As of last close, the stock is up 111% over the past year.Is New 90 Day High Low • Oct 10New 90-day high: CN¥46.90The company is up 39% from its price of CN¥33.83 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.67 per share.Is New 90 Day High Low • Sep 21New 90-day high: CN¥44.72The company is up 61% from its price of CN¥27.86 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.66 per share.収支内訳Fujian Torch Electron Technology の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史SHSE:603678 収益、費用、利益 ( )CNY Millions日付収益収益G+A経費研究開発費31 Mar 264,70925360513131 Dec 254,12132056912330 Sep 253,34828953111630 Jun 253,14729152511131 Mar 252,91222750011031 Dec 242,80219549111230 Sep 242,94125247012530 Jun 243,35322947813831 Mar 243,51426648414731 Dec 233,50431847314530 Sep 233,43637646112830 Jun 233,17655943511831 Mar 233,35773440110931 Dec 223,55980139110730 Sep 223,97489239111330 Jun 224,28390236111431 Mar 224,42489234611331 Dec 214,73495633810830 Sep 214,7799663339630 Jun 214,5698863278731 Mar 214,2057993067531 Dec 203,6566092846830 Sep 203,3175162726730 Jun 203,0084432676031 Mar 202,7103782795831 Dec 192,5693812865630 Sep 192,3093722811530 Jun 192,1443712612131 Mar 192,1133502482831 Dec 182,0243332353630 Sep 182,0083242157130 Jun 181,9912961896931 Mar 181,9472561835131 Dec 171,8882371833630 Sep 171,7132131601630 Jun 171,652224170031 Mar 171,547197156031 Dec 161,503193149030 Sep 161,393188133030 Jun 161,249166126031 Mar 161,148163119031 Dec 151,084154112030 Sep 151,018143101030 Jun 159641391000質の高い収益: 603678は 高品質の収益 を持っています。利益率の向上: 603678の現在の純利益率 (5.4%)は、昨年(7.8%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 603678の収益は過去 5 年間で年間32.1%減少しました。成長の加速: 603678の過去 1 年間の収益成長率 ( 11.4% ) は、5 年間の平均 ( 年間-32.1%を上回っています。収益対業界: 603678の過去 1 年間の収益成長率 ( 11.4% ) はElectronic業界9.4%を上回りました。株主資本利益率高いROE: 603678の 自己資本利益率 ( 4% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/11 13:51終値2026/06/11 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Fujian Torch Electron Technology Co., Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Fusheng CheungChina Galaxy International Securities (Hong Kong)Chenshuo FuCitic Securities Co., Ltd.Kang ShiIndustrial Securities Co. Ltd.
Reported Earnings • Apr 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.68 (up from CN¥0.43 in FY 2024). Revenue: CN¥4.12b (up 47% from FY 2024). Net income: CN¥319.8m (up 64% from FY 2024). Profit margin: 7.8% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 30Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
お知らせ • Dec 26Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2024). Revenue: CN¥925.9m (up 28% from 3Q 2024). Net income: CN¥59.1m (down 4.3% from 3Q 2024). Profit margin: 6.4% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 30Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Aug 24Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥1.01b (up 30% from 2Q 2024). Net income: CN¥154.6m (up 72% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 fallen by 54% 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.
Declared Dividend • Jun 04Dividend of CN¥0.08 announcedShareholders will receive a dividend of CN¥0.08. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next year, which should provide support to the dividend and adequate earnings cover.
New Risk • May 28New 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 8.3% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥37.68, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 37x in the Electronic industry in China. Total returns to shareholders of 11% over the past three years.
Reported Earnings • Apr 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: CN¥0.68 (up from CN¥0.43 in FY 2024). Revenue: CN¥4.12b (up 47% from FY 2024). Net income: CN¥319.8m (up 64% from FY 2024). Profit margin: 7.8% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 38%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 31Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 21, 2026Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: No. 397, Ningguo Road, Yangpu District, Shanghai China
お知らせ • Mar 30Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥36.53, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 34x in the Electronic industry in China. Total loss to shareholders of 17% over the past three years.
New Risk • Feb 27New 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 7.4% 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. This is currently the only risk that has been identified for the company.
New Risk • Feb 12New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥42.30, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 5.5% over the past three years.
お知らせ • Dec 26Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥36.45, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 8.4% over the past three years.
Reported Earnings • Nov 03Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.14 in 3Q 2024). Revenue: CN¥925.9m (up 28% from 3Q 2024). Net income: CN¥59.1m (down 4.3% from 3Q 2024). Profit margin: 6.4% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Sep 30Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
Declared Dividend • Sep 28First half dividend of CN¥0.16 announcedShareholders will receive a dividend of CN¥0.16. Ex-date: 10th October 2025 Payment date: 10th October 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (34% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 164% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 24Second quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.20 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥1.01b (up 30% from 2Q 2024). Net income: CN¥154.6m (up 72% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 fallen by 54% 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 • Jun 30Fujian Torch Electron Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025
Declared Dividend • May 24Dividend of CN¥0.06 announcedShareholders will receive a dividend of CN¥0.06. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 169% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 28Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
New Risk • Mar 26New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results.
分析記事 • Mar 25Earnings Miss: Fujian Torch Electron Technology Co., Ltd. Missed EPS By 39% And Analysts Are Revising Their ForecastsFujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) just released its latest yearly report and things are not...
お知らせ • Mar 24Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 11, 2025Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 11, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
Reported Earnings • Mar 22Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: EPS: CN¥0.43 (down from CN¥0.70 in FY 2023). Revenue: CN¥2.80b (down 20% from FY 2023). Net income: CN¥194.5m (down 39% from FY 2023). Profit margin: 6.9% (down from 9.1% in FY 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 39%. Revenue is forecast to grow 25% 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 fallen by 52% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥35.54, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.51 per share.
分析記事 • Feb 26Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Not Lagging Market On Growth Or PricingFujian Torch Electron Technology Co., Ltd.'s ( SHSE:603678 ) price-to-earnings (or "P/E") ratio of 55.5x might make it...
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥30.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 31x in the Electronic industry in China. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥44.02 per share.
New Risk • Feb 17New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Large one-off items impacting financial results.
お知らせ • Dec 27Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 22, 2025Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 22, 2025
分析記事 • Nov 29Some Investors May Be Worried About Fujian Torch Electron Technology's (SHSE:603678) Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a...
Price Target Changed • Nov 19Price target increased by 17% to CN¥30.21Up from CN¥25.92, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥29.05. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.70 last year.
分析記事 • Nov 04Fujian Torch Electron Technology's (SHSE:603678) Weak Earnings May Only Reveal A Part Of The Whole PictureThe market wasn't impressed with the soft earnings from Fujian Torch Electron Technology Co., Ltd. ( SHSE:603678...
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.086 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.086 in 3Q 2023). Revenue: CN¥724.5m (down 36% from 3Q 2023). Net income: CN¥61.7m (up 61% from 3Q 2023). Profit margin: 8.5% (up from 3.4% in 3Q 2023). Revenue is forecast to grow 22% 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 fallen by 47% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥29.01, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 60% over the past three years.
分析記事 • Oct 14Market Participants Recognise Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Earnings Pushing Shares 32% HigherFujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) shareholders would be excited to see that the share price...
New Risk • Oct 09New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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. Profit margins are more than 30% lower than last year (6.8% net profit margin).
Upcoming Dividend • Oct 07Upcoming dividend of CN¥0.07 per shareEligible shareholders must have bought the stock before 14 October 2024. Payment date: 14 October 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Chinese dividend payers (2.2%). Lower than average of industry peers (1.3%).
お知らせ • Sep 30Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥23.02, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 66% over the past three years.
Major Estimate Revision • Aug 26Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.19b to CN¥4.08b. EPS estimate also fell from CN¥0.913 per share to CN¥0.81 per share. Net income forecast to grow 87% next year vs 55% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥25.41. Share price fell 7.0% to CN¥22.02 over the past week.
Reported Earnings • Aug 20Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.27 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.27 in 2Q 2023). Revenue: CN¥775.1m (down 17% from 2Q 2023). Net income: CN¥90.0m (down 29% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% 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 fallen by 40% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 09Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Price In Tune With EarningsFujian Torch Electron Technology Co., Ltd.'s ( SHSE:603678 ) price-to-earnings (or "P/E") ratio of 41.2x might make it...
分析記事 • Jul 23Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital Not Reflecting Well On The BusinessIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
お知らせ • Jun 28Fujian Torch Electron Technology Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024
分析記事 • May 09After Leaping 25% Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Are Not Flying Under The RadarDespite an already strong run, Fujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) shares have been powering on...
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥25.23, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 53% over the past three years.
Reported Earnings • Apr 27First quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.28 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.28 in 1Q 2023). Revenue: CN¥651.6m (up 1.6% from 1Q 2023). Net income: CN¥74.3m (down 41% from 1Q 2023). Profit margin: 11% (down from 20% in 1Q 2023). 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 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 29% per year.
分析記事 • Apr 17Returns On Capital Signal Tricky Times Ahead For Fujian Torch Electron Technology (SHSE:603678)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
お知らせ • Mar 29Fujian Torch Electron Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Mar 25Fujian Torch Electron Technology's (SHSE:603678) Soft Earnings Don't Show The Whole PictureShareholders appeared unconcerned with Fujian Torch Electron Technology Co., Ltd.'s ( SHSE:603678 ) lackluster earnings...
お知らせ • Mar 19Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 08, 2024Fujian Torch Electron Technology Co., Ltd., Annual General Meeting, Apr 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Quanzhou, Fujian China
Reported Earnings • Mar 19Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: CN¥0.70 (down from CN¥1.75 in FY 2022). Revenue: CN¥3.50b (down 1.5% from FY 2022). Net income: CN¥318.4m (down 60% from FY 2022). Profit margin: 9.1% (down from 23% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 36%. Revenue is forecast to grow 12% 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 fallen by 19% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
分析記事 • Mar 06Further Upside For Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Could Introduce Price Risks After 27% BounceFujian Torch Electron Technology Co., Ltd. ( SHSE:603678 ) shareholders are no doubt pleased to see that the share...
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥18.11, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.32 per share.
お知らせ • Jan 18Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) announces an Equity Buyback for CNY 25 million worth of its shares.Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its Class A shares. The shares will be repurchased at a price of CNY 35 per share. The repurchased shares will be used to safeguard the company's value and shareholders' rights. The program will be funded from company's own funds. The program is valid till April 11, 2024.
お知らせ • Dec 29Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 16, 2024Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 16, 2024
Reported Earnings • Oct 29Third quarter 2023 earnings released: EPS: CN¥0.086 (vs CN¥0.49 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.086 (down from CN¥0.49 in 3Q 2022). Revenue: CN¥1.14b (up 30% from 3Q 2022). Net income: CN¥38.4m (down 83% from 3Q 2022). Profit margin: 3.4% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 fallen by 6% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings.
Major Estimate Revision • Aug 25Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥4.16b to CN¥3.56b. EPS estimate fell from CN¥2.16 to CN¥1.77 per share. Net income forecast to grow 62% next year vs 59% growth forecast for Electronic industry in China. Consensus price target down from CN¥50.33 to CN¥42.54. Share price fell 7.3% to CN¥32.00 over the past week.
Price Target Changed • Aug 19Price target decreased by 13% to CN¥46.45Down from CN¥53.11, the current price target is an average from 2 analysts. New target price is 35% above last closing price of CN¥34.51. Stock is down 31% over the past year. The company is forecast to post earnings per share of CN¥1.88 for next year compared to CN¥1.75 last year.
お知らせ • Jun 28Fujian Torch Electron Technology Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023Fujian Torch Electron Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023
Major Estimate Revision • Mar 28Consensus revenue estimates fall by 31%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥5.91b to CN¥4.10b. EPS estimate fell from CN¥2.95 to CN¥2.13 per share. Net income forecast to grow 22% next year vs 48% growth forecast for Electronic industry in China. Consensus price target of CN¥50.20 unchanged from last update. Share price fell 7.1% to CN¥40.19 over the past week.
Reported Earnings • Mar 22Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: CN¥1.75 (down from CN¥2.08 in FY 2021). Revenue: CN¥3.56b (down 25% from FY 2021). Net income: CN¥801.5m (down 16% from FY 2021). Profit margin: 23% (up from 20% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 28%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 24% 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 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
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. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zhiqiang Wang 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 • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.51 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.51 in 3Q 2021). Revenue: CN¥876.1m (down 26% from 3Q 2021). Net income: CN¥221.4m (down 4.2% from 3Q 2021). Profit margin: 25% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% 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 33% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 24Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to CN¥44.07, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.61 per share.
Valuation Update With 7 Day Price Move • Aug 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥54.38, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.56 per share.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥46.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.87 per share.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.42 (down from CN¥0.56 in 1Q 2021). Revenue: CN¥842.9m (down 27% from 1Q 2021). Net income: CN¥193.9m (down 25% from 1Q 2021). Profit margin: 23% (in line with 1Q 2021). Revenue missed analyst estimates by 6.9%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 39%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Apr 27Price target increased to CN¥87.08Up from CN¥53.11, the current price target is an average from 3 analysts. New target price is 142% above last closing price of CN¥35.93. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥2.73 for next year compared to CN¥2.08 last year.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.51 (vs CN¥0.33 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.18b (up 21% from 3Q 2020). Net income: CN¥231.0m (up 53% from 3Q 2020). Profit margin: 20% (up from 15% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 25Second quarter 2021 earnings released: EPS CN¥0.64 (vs CN¥0.47 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.26b (up 41% from 2Q 2020). Net income: CN¥292.5m (up 42% from 2Q 2020). Profit margin: 23% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jul 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥76.81, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 185% over the past three years.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥68.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 183% over the past three years.
Reported Earnings • Apr 29First quarter 2021 earnings releasedThe company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.15b (up 91% from 1Q 2020). Net income: CN¥258.2m (up 277% from 1Q 2020). Profit margin: 22% (up from 11% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥53.01, the stock is trading at a trailing P/E ratio of 46.5x, down from the previous P/E ratio of 56.7x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past three years are 101%.
Is New 90 Day High Low • Mar 08New 90-day low: CN¥53.01The company is down 4.0% from its price of CN¥55.23 on 08 December 2020. The Chinese market is up 1.0% 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¥3.06 per share.
お知らせ • Jan 22Fujian Torch Electron Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 23, 2021Fujian Torch Electron Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 23, 2021
Valuation Update With 7 Day Price Move • Jan 04Investor sentiment improved over the past weekAfter last week's 24% share price gain to CN¥79.10, the stock is trading at a trailing P/E ratio of 69.4x, up from the previous P/E ratio of 55.8x. This compares to an average P/E of 42x in the Electronic industry in China. Total returns to shareholders over the past three years are 196%.
Valuation Update With 7 Day Price Move • Dec 31Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥72.30, the stock is trading at a trailing P/E ratio of 63.4x, up from the previous P/E ratio of 54.9x. This compares to an average P/E of 41x in the Electronic industry in China. Total returns to shareholders over the past three years are 164%.
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥62.59, the stock is trading at a trailing P/E ratio of 54.9x, up from the previous P/E ratio of 47.7x. This compares to an average P/E of 42x in the Electronic industry in China. Total returns to shareholders over the past three years are 136%.
Is New 90 Day High Low • Dec 21New 90-day high: CN¥58.26The company is up 30% from its price of CN¥44.75 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.90 per share.
Is New 90 Day High Low • Dec 01New 90-day high: CN¥52.55The company is up 28% from its price of CN¥41.06 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥1.67 per share.
Is New 90 Day High Low • Nov 04New 90-day high: CN¥52.10The company is up 30% from its price of CN¥40.20 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed 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¥1.67 per share.
Reported Earnings • Oct 25Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥516.0m, up 39% from the prior year. Total revenue was CN¥3.32b over the last 12 months, up 44% from the prior year.
お知らせ • Oct 20Fujian Torch Electron Technology Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020Fujian Torch Electron Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020
Price Target Changed • Oct 15Price target raised to CN¥56.43Up from CN¥45.67, the current price target is an average from 2 analysts. The new target price is 19% above the current share price of CN¥47.50. As of last close, the stock is up 111% over the past year.
Is New 90 Day High Low • Oct 10New 90-day high: CN¥46.90The company is up 39% from its price of CN¥33.83 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.67 per share.
Is New 90 Day High Low • Sep 21New 90-day high: CN¥44.72The company is up 61% from its price of CN¥27.86 on 23 June 2020. The Chinese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.66 per share.