View Financial HealthTraffic Control Technology 配当と自社株買い配当金 基準チェック /36Traffic Control Technology配当を支払う会社であり、現在の利回りは1.11%で、収益によって十分にカバーされています。主要情報1.1%配当利回り-0.02%バイバック利回り総株主利回り1.1%将来の配当利回りn/a配当成長3.0%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向31%最近の配当と自社株買いの更新Declared Dividend • May 31Dividend increased to CN¥0.23Dividend of CN¥0.23 is 15% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.Declared Dividend • May 22Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% 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 decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 7.6% over the next year, which should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesNew Risk • Apr 28New major risk - Revenue and earnings growthEarnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Apr 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: CN¥0.83 (up from CN¥0.44 in FY 2024). Revenue: CN¥2.53b (up 16% from FY 2024). Net income: CN¥156.4m (up 87% from FY 2024). Profit margin: 6.2% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.お知らせ • Apr 28Traffic Control Technology Co., Ltd., Annual General Meeting, May 18, 2026Traffic Control Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: 5F, Building 1, Yard No. 3, Zhicheng North Street, Fengtai District, Beijing Chinaお知らせ • Mar 30Traffic Control Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Traffic Control Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026Reported Earnings • Feb 25Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: CN¥0.82 (up from CN¥0.44 in FY 2024). Revenue: CN¥2.54b (up 16% from FY 2024). Net income: CN¥155.6m (up 86% from FY 2024). Profit margin: 6.1% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Dec 26Traffic Control Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Traffic Control Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.05 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.05 in 3Q 2024). Revenue: CN¥538.1m (up 9.5% from 3Q 2024). Net income: CN¥34.1m (up 256% from 3Q 2024). Profit margin: 6.3% (up from 1.9% in 3Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.お知らせ • Sep 30Traffic Control Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Traffic Control Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025New Risk • Sep 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥26.60, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years.Price Target Changed • Sep 06Price target increased by 8.7% to CN¥25.00Up from CN¥23.00, the current price target is provided by 1 analyst. New target price is 6.2% above last closing price of CN¥23.53. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.44 last year.お知らせ • Jun 30Traffic Control Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Traffic Control Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025Declared Dividend • May 31Dividend increased to CN¥0.23Dividend of CN¥0.23 is 15% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.Reported Earnings • Apr 27First quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2024). Revenue: CN¥403.0m (down 4.7% from 1Q 2024). Net income: CN¥17.7m (up 43% from 1Q 2024). Profit margin: 4.4% (up from 2.9% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Apr 26Traffic Control Technology Co., Ltd., Annual General Meeting, May 19, 2025Traffic Control Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing ChinaValuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥17.34, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 32% over the past three years.Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Danjuan Zhao was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Mar 28Traffic Control Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Traffic Control Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025Reported Earnings • Feb 27Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥0.44 (down from CN¥0.47 in FY 2023). Revenue: CN¥2.18b (up 9.1% from FY 2023). Net income: CN¥83.7m (down 5.9% from FY 2023). Profit margin: 3.8% (down from 4.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 159%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jan 14Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 6.2% to CN¥18.58. The fair value is estimated to be CN¥14.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 5.6% in a year. Earnings are forecast to grow by 11% in the next year.お知らせ • Dec 27Traffic Control Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Traffic Control Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥23.56, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years.分析記事 • Nov 06Traffic Control Technology's (SHSE:688015) Anemic Earnings Might Be Worse Than You ThinkTraffic Control Technology Co., Ltd.'s ( SHSE:688015 ) recent weak earnings report didn't cause a big stock movement...Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.071 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.071 in 3Q 2023). Revenue: CN¥491.3m (up 11% from 3Q 2023). Net income: CN¥9.58m (down 31% from 3Q 2023). Profit margin: 1.9% (down from 3.1% in 3Q 2023). Revenue is forecast to grow 6.7% 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 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥17.76, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years.分析記事 • Oct 08There's Reason For Concern Over Traffic Control Technology Co., Ltd.'s (SHSE:688015) Massive 44% Price JumpTraffic Control Technology Co., Ltd. ( SHSE:688015 ) shareholders would be excited to see that the share price has had...お知らせ • Sep 30Traffic Control Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Traffic Control Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 30%After last week's 30% share price gain to CN¥18.98, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 35% over the past three years.分析記事 • Sep 29Capital Allocation Trends At Traffic Control Technology (SHSE:688015) Aren't IdealWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.13 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.042 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥453.5m (down 1.3% from 2Q 2023). Net income: CN¥8.55m (down 60% from 2Q 2023). Profit margin: 1.9% (down from 4.6% in 2Q 2023). Revenue is forecast to grow 6.8% 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 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.お知らせ • Jun 28Traffic Control Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Traffic Control Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024分析記事 • May 22Traffic Control Technology Co., Ltd. (SHSE:688015) Stock Rockets 35% As Investors Are Less Pessimistic Than ExpectedTraffic Control Technology Co., Ltd. ( SHSE:688015 ) shares have continued their recent momentum with a 35% gain in the...Declared Dividend • May 22Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% 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 decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 7.6% over the next year, which should provide support to the dividend and adequate earnings cover.分析記事 • May 21Traffic Control Technology (SHSE:688015) Might Be Having Difficulty Using Its Capital EffectivelyDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥23.08, the stock trades at a forward P/E ratio of 90x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years.Major Estimate Revision • May 07Consensus EPS estimates fall by 78%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.20b to CN¥2.15b. EPS estimate also fell from CN¥0.79 per share to CN¥0.17 per share. Net income forecast to shrink 46% next year vs 58% growth forecast for Electronic industry in China . Consensus price target of CN¥21.00 unchanged from last update. Share price rose 9.1% to CN¥19.87 over the past week.分析記事 • Apr 26Weak Statutory Earnings May Not Tell The Whole Story For Traffic Control Technology (SHSE:688015)Last week's earnings announcement from Traffic Control Technology Co., Ltd. ( SHSE:688015 ) was disappointing to...お知らせ • Apr 21Traffic Control Technology Co., Ltd., Annual General Meeting, May 10, 2024Traffic Control Technology Co., Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing ChinaReported Earnings • Apr 20Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.47 (down from CN¥1.22 in FY 2022). Revenue: CN¥1.99b (down 19% from FY 2022). Net income: CN¥89.0m (down 61% from FY 2022). Profit margin: 4.5% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.New Risk • Apr 18New 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 12% 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 (12% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin).Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥19.62, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 38% over the past three years.お知らせ • Mar 29Traffic Control Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Traffic Control Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024分析記事 • Mar 07Market Might Still Lack Some Conviction On Traffic Control Technology Co., Ltd. (SHSE:688015) Even After 27% Share Price BoostTraffic Control Technology Co., Ltd. ( SHSE:688015 ) shareholders are no doubt pleased to see that the share price has...Reported Earnings • Feb 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.47 (down from CN¥1.22 in FY 2022). Revenue: CN¥2.00b (down 19% from FY 2022). Net income: CN¥88.4m (down 62% from FY 2022). Profit margin: 4.4% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥13.73, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 61% over the past three years.お知らせ • Dec 30Traffic Control Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024Traffic Control Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024Major Estimate Revision • Nov 06Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.23b to CN¥2.04b. EPS estimate also fell from CN¥0.76 per share to CN¥0.48 per share. Net income forecast to grow 0.6% next year vs 74% growth forecast for Electronic industry in China. Consensus price target of CN¥21.00 unchanged from last update. Share price was steady at CN¥18.39 over the past week.New Risk • Nov 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.1% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.1% net profit margin).Major Estimate Revision • Sep 06Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.34b to CN¥2.23b. EPS estimate also fell from CN¥0.85 per share to CN¥0.76 per share. Net income forecast to shrink 0.7% next year vs 62% growth forecast for Electronic industry in China . Consensus price target down from CN¥24.07 to CN¥21.00. Share price rose 2.3% to CN¥17.48 over the past week.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.32 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥459.4m (down 16% from 2Q 2022). Net income: CN¥21.4m (down 64% from 2Q 2022). Profit margin: 4.6% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 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 29% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 28Traffic Control Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023Traffic Control Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023Major Estimate Revision • May 06Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥2.63b to CN¥2.58b. EPS estimate rose from CN¥1.53 to CN¥1.71. Net income forecast to grow 47% next year vs 51% growth forecast for Electronic industry in China. Consensus price target down from CN¥26.98 to CN¥24.07. Share price fell 2.3% to CN¥19.60 over the past week.Reported Earnings • Apr 08Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: CN¥1.22 (down from CN¥1.75 in FY 2021). Revenue: CN¥2.47b (down 4.4% from FY 2021). Net income: CN¥229.5m (down 21% from FY 2021). Profit margin: 9.3% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 22Full year 2022 earnings released: EPS: CN¥1.23 (vs CN¥1.75 in FY 2021)Full year 2022 results: EPS: CN¥1.23 (down from CN¥1.75 in FY 2021). Revenue: CN¥2.47b (down 4.4% from FY 2021). Net income: CN¥229.8m (down 21% from FY 2021). Profit margin: 9.3% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Zhiyong Wu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Nov 09Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.81b to CN¥2.34b. EPS estimate fell from CN¥1.67 to CN¥1.23 per share. Net income forecast to shrink 9.5% next year vs 51% growth forecast for Electronic industry in China . Consensus price target down from CN¥26.00 to CN¥23.92. Share price rose 2.2% to CN¥20.71 over the past week.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.45 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.31 (down from CN¥0.45 in 3Q 2021). Revenue: CN¥531.8m (down 22% from 3Q 2021). Net income: CN¥59.4m (down 21% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 25% 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 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.Price Target Changed • Sep 07Price target decreased to CN¥26.00Down from CN¥34.94, the current price target is an average from 3 analysts. New target price is 24% above last closing price of CN¥20.92. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥1.67 for next year compared to CN¥1.75 last year.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.52 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.32 (down from CN¥0.52 in 2Q 2021). Revenue: CN¥547.4m (down 20% from 2Q 2021). Net income: CN¥59.5m (down 27% from 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 28%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Reported Earnings • Apr 08Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥1.75 (up from CN¥1.48 in FY 2020). Revenue: CN¥2.58b (up 27% from FY 2020). Net income: CN¥291.0m (up 23% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the industry in China.Reported Earnings • Feb 16Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥1.75 (up from CN¥1.48 in FY 2020). Revenue: CN¥2.58b (up 27% from FY 2020). Net income: CN¥291.1m (up 23% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 26%, compared to a 26% growth forecast for the industry in China.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.25 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥680.6m (up 35% from 3Q 2020). Net income: CN¥75.3m (up 84% from 3Q 2020). Profit margin: 11% (up from 8.1% in 3Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS CN¥0.52 (vs CN¥0.42 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥680.4m (up 46% from 2Q 2020). Net income: CN¥81.8m (up 27% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020).Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥32.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 30% over the past year.Reported Earnings • Apr 09Full year 2020 earnings released: EPS CN¥1.48 (vs CN¥0.93 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.03b (up 23% from FY 2019). Net income: CN¥236.8m (up 86% from FY 2019). Profit margin: 12% (up from 7.7% in FY 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥43.79, the stock is trading at a trailing P/E ratio of 33.9x, up from the previous P/E ratio of 28.7x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past year are 17%.Is New 90 Day High Low • Feb 22New 90-day high: CN¥43.79The company is up 1.0% from its price of CN¥43.19 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥52.93 per share.Is New 90 Day High Low • Dec 24New 90-day low: CN¥37.05The company is down 22% from its price of CN¥47.36 on 25 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 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥53.60 per share.Is New 90 Day High Low • Dec 04New 90-day low: CN¥41.62The company is down 11% from its price of CN¥46.94 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.95 per share.お知らせ • Nov 18Traffic Control Technology Co., Ltd. announced that it expects to receive CNY 100 million in funding from Beijing Infrastructure Investment Co.,Ltd and other investorsTraffic Control Technology Co., Ltd. (SHSE:688015) announced a private placement of not exceeding 32,000,000 A shares of par value of CNY 1 for total gross proceeds not more than CNY 1,000,000,000 on November 17, 2020. The transaction included participation from not more than 35 special investors including Beijing Infrastructure Investment Co.,Ltd. The company has entered into agreement with the Beijing Infrastructure Investment Co.,Ltd. Issuance price will be not lower than 80% of the average price of the company’s shares as of 20 trading days since issuance date. The transaction was approved by board of directors at 20th meeting of the 2nd directorate of the company. The transaction is subjected to approval of shareholders, Shanghai Stock Exchange and the China Securities Regulatory Commission. The securities issued are subjected to hold period of 18 months for shares issued to Beijing Infrastructure Investment Co.,Ltd, and 6 months for other shares. The transaction will be valid for 12 months since approval from the shareholders’ meeting of the company.お知らせ • Oct 30Traffic Control Technology Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020Traffic Control Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020お知らせ • Jul 06Traffic Control Technology Co., Ltd. to Report First Half, 2020 Results on Aug 14, 2020Traffic Control Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 14, 2020決済の安定と成長配当データの取得安定した配当: 688015は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: 688015は6年間のみ配当金を支払っており、それ以降は支払額が減少しています。配当利回り対市場Traffic Control Technology 配当利回り対市場688015 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (688015)1.1%市場下位25% (CN)0.4%市場トップ25% (CN)1.9%業界平均 (Electronic)1.0%アナリスト予想 (688015) (最長3年)n/a注目すべき配当: 688015の配当金 ( 1.11% ) はCN市場の配当金支払者の下位 25% ( 0.37% ) よりも高くなっています。高配当: 688015の配当金 ( 1.11% ) はCN市場の配当金支払者の上位 25% ( 1.89% ) と比較すると低いです。株主への利益配当収益カバレッジ: 688015の 配当性向 ( 31.4% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 688015は合理的な 現金配当性向 ( 58.8% ) を備えているため、配当金の支払いはキャッシュフローによって賄われます。高配当企業の発掘7D1Y7D1Y7D1YCN 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 06:33終値2026/05/20 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Traffic Control 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。5 アナリスト機関Jia YanChina International Capital Corporation LimitedKang ShiIndustrial Securities Co. Ltd.Sheng WangSWS Research Co., Ltd.2 その他のアナリストを表示
Declared Dividend • May 31Dividend increased to CN¥0.23Dividend of CN¥0.23 is 15% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.
Declared Dividend • May 22Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% 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 decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 7.6% over the next year, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 28New major risk - Revenue and earnings growthEarnings have declined by 23% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 23% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Apr 28Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: CN¥0.83 (up from CN¥0.44 in FY 2024). Revenue: CN¥2.53b (up 16% from FY 2024). Net income: CN¥156.4m (up 87% from FY 2024). Profit margin: 6.2% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 34%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Traffic Control Technology Co., Ltd., Annual General Meeting, May 18, 2026Traffic Control Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: 5F, Building 1, Yard No. 3, Zhicheng North Street, Fengtai District, Beijing China
お知らせ • Mar 30Traffic Control Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Traffic Control Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
Reported Earnings • Feb 25Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: CN¥0.82 (up from CN¥0.44 in FY 2024). Revenue: CN¥2.54b (up 16% from FY 2024). Net income: CN¥155.6m (up 86% from FY 2024). Profit margin: 6.1% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Dec 26Traffic Control Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Traffic Control Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.05 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.05 in 3Q 2024). Revenue: CN¥538.1m (up 9.5% from 3Q 2024). Net income: CN¥34.1m (up 256% from 3Q 2024). Profit margin: 6.3% (up from 1.9% in 3Q 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
お知らせ • Sep 30Traffic Control Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025Traffic Control Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
New Risk • Sep 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 59% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥26.60, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years.
Price Target Changed • Sep 06Price target increased by 8.7% to CN¥25.00Up from CN¥23.00, the current price target is provided by 1 analyst. New target price is 6.2% above last closing price of CN¥23.53. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.44 last year.
お知らせ • Jun 30Traffic Control Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Traffic Control Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
Declared Dividend • May 31Dividend increased to CN¥0.23Dividend of CN¥0.23 is 15% higher than last year. Ex-date: 4th June 2025 Payment date: 4th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.
Reported Earnings • Apr 27First quarter 2025 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2024). Revenue: CN¥403.0m (down 4.7% from 1Q 2024). Net income: CN¥17.7m (up 43% from 1Q 2024). Profit margin: 4.4% (up from 2.9% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 26Traffic Control Technology Co., Ltd., Annual General Meeting, May 19, 2025Traffic Control Technology Co., Ltd., Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥17.34, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 32% over the past three years.
Board Change • Apr 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Chairman of the Supervisory Board Danjuan Zhao was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Mar 28Traffic Control Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Traffic Control Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
Reported Earnings • Feb 27Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: CN¥0.44 (down from CN¥0.47 in FY 2023). Revenue: CN¥2.18b (up 9.1% from FY 2023). Net income: CN¥83.7m (down 5.9% from FY 2023). Profit margin: 3.8% (down from 4.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 159%. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jan 14Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 6.2% to CN¥18.58. The fair value is estimated to be CN¥14.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 5.6% in a year. Earnings are forecast to grow by 11% in the next year.
お知らせ • Dec 27Traffic Control Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Traffic Control Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥23.56, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years.
分析記事 • Nov 06Traffic Control Technology's (SHSE:688015) Anemic Earnings Might Be Worse Than You ThinkTraffic Control Technology Co., Ltd.'s ( SHSE:688015 ) recent weak earnings report didn't cause a big stock movement...
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.05 (vs CN¥0.071 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.05 (down from CN¥0.071 in 3Q 2023). Revenue: CN¥491.3m (up 11% from 3Q 2023). Net income: CN¥9.58m (down 31% from 3Q 2023). Profit margin: 1.9% (down from 3.1% in 3Q 2023). Revenue is forecast to grow 6.7% 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 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥17.76, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years.
分析記事 • Oct 08There's Reason For Concern Over Traffic Control Technology Co., Ltd.'s (SHSE:688015) Massive 44% Price JumpTraffic Control Technology Co., Ltd. ( SHSE:688015 ) shareholders would be excited to see that the share price has had...
お知らせ • Sep 30Traffic Control Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024Traffic Control Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 30%After last week's 30% share price gain to CN¥18.98, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 35% over the past three years.
分析記事 • Sep 29Capital Allocation Trends At Traffic Control Technology (SHSE:688015) Aren't IdealWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.042 (vs CN¥0.13 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.042 (down from CN¥0.13 in 2Q 2023). Revenue: CN¥453.5m (down 1.3% from 2Q 2023). Net income: CN¥8.55m (down 60% from 2Q 2023). Profit margin: 1.9% (down from 4.6% in 2Q 2023). Revenue is forecast to grow 6.8% 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 43% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 28Traffic Control Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Traffic Control Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
分析記事 • May 22Traffic Control Technology Co., Ltd. (SHSE:688015) Stock Rockets 35% As Investors Are Less Pessimistic Than ExpectedTraffic Control Technology Co., Ltd. ( SHSE:688015 ) shares have continued their recent momentum with a 35% gain in the...
Declared Dividend • May 22Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% 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 decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 7.6% over the next year, which should provide support to the dividend and adequate earnings cover.
分析記事 • May 21Traffic Control Technology (SHSE:688015) Might Be Having Difficulty Using Its Capital EffectivelyDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
Valuation Update With 7 Day Price Move • May 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥23.08, the stock trades at a forward P/E ratio of 90x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years.
Major Estimate Revision • May 07Consensus EPS estimates fall by 78%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥2.20b to CN¥2.15b. EPS estimate also fell from CN¥0.79 per share to CN¥0.17 per share. Net income forecast to shrink 46% next year vs 58% growth forecast for Electronic industry in China . Consensus price target of CN¥21.00 unchanged from last update. Share price rose 9.1% to CN¥19.87 over the past week.
分析記事 • Apr 26Weak Statutory Earnings May Not Tell The Whole Story For Traffic Control Technology (SHSE:688015)Last week's earnings announcement from Traffic Control Technology Co., Ltd. ( SHSE:688015 ) was disappointing to...
お知らせ • Apr 21Traffic Control Technology Co., Ltd., Annual General Meeting, May 10, 2024Traffic Control Technology Co., Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
Reported Earnings • Apr 20Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.47 (down from CN¥1.22 in FY 2022). Revenue: CN¥1.99b (down 19% from FY 2022). Net income: CN¥89.0m (down 61% from FY 2022). Profit margin: 4.5% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
New Risk • Apr 18New 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 12% 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 (12% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin).
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥19.62, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 38% over the past three years.
お知らせ • Mar 29Traffic Control Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Traffic Control Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
分析記事 • Mar 07Market Might Still Lack Some Conviction On Traffic Control Technology Co., Ltd. (SHSE:688015) Even After 27% Share Price BoostTraffic Control Technology Co., Ltd. ( SHSE:688015 ) shareholders are no doubt pleased to see that the share price has...
Reported Earnings • Feb 27Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: CN¥0.47 (down from CN¥1.22 in FY 2022). Revenue: CN¥2.00b (down 19% from FY 2022). Net income: CN¥88.4m (down 62% from FY 2022). Profit margin: 4.4% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 2.1%. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 28% per year.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥13.73, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 61% over the past three years.
お知らせ • Dec 30Traffic Control Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024Traffic Control Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024
Major Estimate Revision • Nov 06Consensus EPS estimates fall by 37%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.23b to CN¥2.04b. EPS estimate also fell from CN¥0.76 per share to CN¥0.48 per share. Net income forecast to grow 0.6% next year vs 74% growth forecast for Electronic industry in China. Consensus price target of CN¥21.00 unchanged from last update. Share price was steady at CN¥18.39 over the past week.
New Risk • Nov 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.1% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.1% net profit margin).
Major Estimate Revision • Sep 06Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥2.34b to CN¥2.23b. EPS estimate also fell from CN¥0.85 per share to CN¥0.76 per share. Net income forecast to shrink 0.7% next year vs 62% growth forecast for Electronic industry in China . Consensus price target down from CN¥24.07 to CN¥21.00. Share price rose 2.3% to CN¥17.48 over the past week.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.32 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥459.4m (down 16% from 2Q 2022). Net income: CN¥21.4m (down 64% from 2Q 2022). Profit margin: 4.6% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 2 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 29% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 28Traffic Control Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023Traffic Control Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023
Major Estimate Revision • May 06Consensus EPS estimates increase by 12%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥2.63b to CN¥2.58b. EPS estimate rose from CN¥1.53 to CN¥1.71. Net income forecast to grow 47% next year vs 51% growth forecast for Electronic industry in China. Consensus price target down from CN¥26.98 to CN¥24.07. Share price fell 2.3% to CN¥19.60 over the past week.
Reported Earnings • Apr 08Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: CN¥1.22 (down from CN¥1.75 in FY 2021). Revenue: CN¥2.47b (down 4.4% from FY 2021). Net income: CN¥229.5m (down 21% from FY 2021). Profit margin: 9.3% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 22Full year 2022 earnings released: EPS: CN¥1.23 (vs CN¥1.75 in FY 2021)Full year 2022 results: EPS: CN¥1.23 (down from CN¥1.75 in FY 2021). Revenue: CN¥2.47b (down 4.4% from FY 2021). Net income: CN¥229.8m (down 21% from FY 2021). Profit margin: 9.3% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Zhiyong Wu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Nov 09Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥2.81b to CN¥2.34b. EPS estimate fell from CN¥1.67 to CN¥1.23 per share. Net income forecast to shrink 9.5% next year vs 51% growth forecast for Electronic industry in China . Consensus price target down from CN¥26.00 to CN¥23.92. Share price rose 2.2% to CN¥20.71 over the past week.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.45 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.31 (down from CN¥0.45 in 3Q 2021). Revenue: CN¥531.8m (down 22% from 3Q 2021). Net income: CN¥59.4m (down 21% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 25% 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 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
Price Target Changed • Sep 07Price target decreased to CN¥26.00Down from CN¥34.94, the current price target is an average from 3 analysts. New target price is 24% above last closing price of CN¥20.92. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥1.67 for next year compared to CN¥1.75 last year.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.52 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.32 (down from CN¥0.52 in 2Q 2021). Revenue: CN¥547.4m (down 20% from 2Q 2021). Net income: CN¥59.5m (down 27% from 2Q 2021). Profit margin: 11% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 28%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Reported Earnings • Apr 08Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥1.75 (up from CN¥1.48 in FY 2020). Revenue: CN¥2.58b (up 27% from FY 2020). Net income: CN¥291.0m (up 23% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the industry in China.
Reported Earnings • Feb 16Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥1.75 (up from CN¥1.48 in FY 2020). Revenue: CN¥2.58b (up 27% from FY 2020). Net income: CN¥291.1m (up 23% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 26%, compared to a 26% growth forecast for the industry in China.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.25 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥680.6m (up 35% from 3Q 2020). Net income: CN¥75.3m (up 84% from 3Q 2020). Profit margin: 11% (up from 8.1% in 3Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Aug 23Second quarter 2021 earnings released: EPS CN¥0.52 (vs CN¥0.42 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥680.4m (up 46% from 2Q 2020). Net income: CN¥81.8m (up 27% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020).
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to CN¥32.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 30% over the past year.
Reported Earnings • Apr 09Full year 2020 earnings released: EPS CN¥1.48 (vs CN¥0.93 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.03b (up 23% from FY 2019). Net income: CN¥236.8m (up 86% from FY 2019). Profit margin: 12% (up from 7.7% in FY 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥43.79, the stock is trading at a trailing P/E ratio of 33.9x, up from the previous P/E ratio of 28.7x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past year are 17%.
Is New 90 Day High Low • Feb 22New 90-day high: CN¥43.79The company is up 1.0% from its price of CN¥43.19 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥52.93 per share.
Is New 90 Day High Low • Dec 24New 90-day low: CN¥37.05The company is down 22% from its price of CN¥47.36 on 25 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 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥53.60 per share.
Is New 90 Day High Low • Dec 04New 90-day low: CN¥41.62The company is down 11% from its price of CN¥46.94 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.95 per share.
お知らせ • Nov 18Traffic Control Technology Co., Ltd. announced that it expects to receive CNY 100 million in funding from Beijing Infrastructure Investment Co.,Ltd and other investorsTraffic Control Technology Co., Ltd. (SHSE:688015) announced a private placement of not exceeding 32,000,000 A shares of par value of CNY 1 for total gross proceeds not more than CNY 1,000,000,000 on November 17, 2020. The transaction included participation from not more than 35 special investors including Beijing Infrastructure Investment Co.,Ltd. The company has entered into agreement with the Beijing Infrastructure Investment Co.,Ltd. Issuance price will be not lower than 80% of the average price of the company’s shares as of 20 trading days since issuance date. The transaction was approved by board of directors at 20th meeting of the 2nd directorate of the company. The transaction is subjected to approval of shareholders, Shanghai Stock Exchange and the China Securities Regulatory Commission. The securities issued are subjected to hold period of 18 months for shares issued to Beijing Infrastructure Investment Co.,Ltd, and 6 months for other shares. The transaction will be valid for 12 months since approval from the shareholders’ meeting of the company.
お知らせ • Oct 30Traffic Control Technology Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020Traffic Control Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020
お知らせ • Jul 06Traffic Control Technology Co., Ltd. to Report First Half, 2020 Results on Aug 14, 2020Traffic Control Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 14, 2020