View ValuationTechshine ElectronicsLtd 将来の成長Future 基準チェック /06現在、 Techshine ElectronicsLtdの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Electronic 収益成長32.8%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥37.70, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 74x in the Electronic industry in China. Total returns to shareholders of 181% over the past three years.Board Change • Jun 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. Non-Employee Supervisor Yujuan Lao was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Declared Dividend • May 30Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • May 19New 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 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (6.9% net profit margin).Valuation Update With 7 Day Price Move • May 19Investor sentiment improves as stock rises 32%After last week's 32% share price gain to CN¥37.66, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 74x in the Electronic industry in China. Total returns to shareholders of 185% over the past three years.New Risk • Apr 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.9% net profit margin).Reported Earnings • Apr 27Full year 2025 earnings released: EPS: CN¥0.73 (vs CN¥0.76 in FY 2024)Full year 2025 results: EPS: CN¥0.73 (down from CN¥0.76 in FY 2024). Revenue: CN¥1.79b (up 21% from FY 2024). Net income: CN¥142.0m (down 5.6% from FY 2024). Profit margin: 7.9% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% 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 increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 27Techshine Electronics Co.,Ltd., Annual General Meeting, May 22, 2026Techshine Electronics Co.,Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 18F, Building 1, Qianhai Science and Technology Park, Xixiang Subdistrict, Bao'an District, Shenzhen, Guangdong Chinaお知らせ • Mar 31Techshine Electronics Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026Techshine Electronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026お知らせ • Dec 31Techshine Electronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Techshine Electronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026New Risk • Nov 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.20 (down from CN¥0.20 in 3Q 2024). Revenue: CN¥482.7m (up 21% from 3Q 2024). Net income: CN¥38.0m (down 4.8% from 3Q 2024). Profit margin: 7.9% (down from 10.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Techshine Electronics Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025Techshine Electronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥29.54, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 62x in the Electronic industry in China. Total returns to shareholders of 168% over the past year.New Risk • Sep 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change).お知らせ • Jul 02Techshine Electronics Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Techshine Electronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025Valuation Update With 7 Day Price Move • Jun 22Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥26.50, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 110% over the past year.Declared Dividend • May 31Dividend of CN¥0.40 announcedShareholders will receive a dividend of CN¥0.40. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% 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 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 27Techshine Electronics Co.,Ltd. Approves Cash Dividend for 2024Techshine Electronics Co.,Ltd. at its Annual General Meeting of 2024 on 23 May 2025, approved Cash dividend (tax included): CNY 4.00000000 per ten shares for 2024.New Risk • May 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Apr 23Techshine Electronics Co.,Ltd. Proposes Final Cash Dividend for 2024Techshine Electronics Co.,Ltd. proposed final cash dividend of CNY 4.00000000 per 10 shares (tax included) for 2024.お知らせ • Apr 22Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2025Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: 18F, Building 1, Qianhai Science and Technology Park, Xixiang Subdistrict, Bao'an District, Shenzhen, Guangdong ChinaValuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to CN¥22.18, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 48x in the Electronic industry in China. Total returns to shareholders of 37% over the past year.お知らせ • Mar 31Techshine Electronics Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025Techshine Electronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025New Risk • Mar 10New 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (116% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change).Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥30.99, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 53x in the Electronic industry in China. Total returns to shareholders of 94% over the past year.分析記事 • Mar 06Techshine Electronics Co.,Ltd.'s (SZSE:301379) Shares Bounce 27% But Its Business Still Trails The MarketDespite an already strong run, Techshine Electronics Co.,Ltd. ( SZSE:301379 ) shares have been powering on, with a gain...Reported Earnings • Feb 27Full year 2024 earnings released: EPS: CN¥1.06 (vs CN¥0.76 in FY 2023)Full year 2024 results: EPS: CN¥1.06 (up from CN¥0.76 in FY 2023). Revenue: CN¥1.48b (up 17% from FY 2023). Net income: CN¥150.4m (up 40% from FY 2023). Profit margin: 10% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue.分析記事 • Feb 17Does Techshine ElectronicsLtd (SZSE:301379) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥24.35, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 89% over the past year.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥21.96, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 31% over the past year.お知らせ • Dec 31Techshine Electronics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025Techshine Electronics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025分析記事 • Nov 05Investors Shouldn't Be Too Comfortable With Techshine ElectronicsLtd's (SZSE:301379) EarningsTechshine Electronics Co.,Ltd.'s ( SZSE:301379 ) robust earnings report didn't manage to move the market for its stock...New Risk • Nov 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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 Dividend is not well covered by cash flows (116% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.18 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.18 in 3Q 2023). Revenue: CN¥398.2m (up 24% from 3Q 2023). Net income: CN¥39.9m (up 59% from 3Q 2023). Profit margin: 10.0% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥18.55, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 14% over the past year.お知らせ • Sep 30Techshine Electronics Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024Techshine Electronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 27%After last week's 27% share price gain to CN¥19.71, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 12% over the past year.分析記事 • Sep 30The Returns On Capital At Techshine ElectronicsLtd (SZSE:301379) Don't Inspire ConfidenceIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...New Risk • Sep 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.New Risk • Aug 15New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change).お知らせ • Jun 29Techshine Electronics Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024Techshine Electronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024分析記事 • Jun 16Techshine ElectronicsLtd's (SZSE:301379) Dividend Will Be Reduced To CN¥0.40Techshine Electronics Co.,Ltd.'s ( SZSE:301379 ) dividend is being reduced from last year's payment covering the same...Declared Dividend • Jun 15Dividend reduced to CN¥0.40Dividend of CN¥0.40 is 33% lower than last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (38% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • May 26Techshine Electronics Co.,Ltd. Approves Cash Dividend for the Year 2023Techshine Electronics Co.,Ltd. at its AGM held on May 23, 2024, approved the cash dividend/10 shares (tax included): CNY 4.00000000 for the year 2023.分析記事 • May 06Earnings Troubles May Signal Larger Issues for Techshine ElectronicsLtd (SZSE:301379) ShareholdersTechshine Electronics Co.,Ltd.'s ( SZSE:301379 ) recent weak earnings report didn't cause a big stock movement. Our...お知らせ • Apr 27Techshine Electronics Co.,Ltd. Proposes Final Cash Dividend for the Year 2023Techshine Electronics Co.,Ltd. proposed final cash dividend of CNY 4.0000000 per ten shares (tax included) for the year 2023.お知らせ • Apr 26Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2024Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong ChinaReported Earnings • Apr 25Full year 2023 earnings released: EPS: CN¥1.06 (vs CN¥1.48 in FY 2022)Full year 2023 results: EPS: CN¥1.06 (down from CN¥1.48 in FY 2022). Revenue: CN¥1.27b (up 2.7% from FY 2022). Net income: CN¥107.4m (down 9.2% from FY 2022). Profit margin: 8.5% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses.分析記事 • Apr 01Techshine ElectronicsLtd (SZSE:301379) Might Be Having Difficulty Using Its Capital EffectivelyIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...お知らせ • Mar 30Techshine Electronics Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024Techshine Electronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change).Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥20.75, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 25% over the past year.お知らせ • Dec 30Techshine Electronics Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024Techshine Electronics Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024Reported Earnings • Oct 26Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: CN¥0.25. Net income: CN¥25.2m (up CN¥25.2m from 3Q 2022).Buying Opportunity • Oct 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥38.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last year. Earnings per share has declined by 4.8%.Buying Opportunity • Sep 26Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be CN¥38.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last year. Earnings per share has declined by 4.8%.New Risk • Aug 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share).Reported Earnings • Aug 29Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: CN¥0.35. Net income: CN¥35.4m (up CN¥35.4m from 2Q 2022).New Risk • Jul 15New 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change).Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 28%After last week's 28% share price gain to CN¥36.11, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 47x in the Electronic industry in China.New Risk • Jun 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 95% Dividend yield: 2.2% 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.お知らせ • Jun 03Techshine Electronics Co.,Ltd. Announces Final Cash Dividend for the Year 2022, Payable on 09 June 2023Techshine Electronics Co.,Ltd. announced a final cash dividend of CNY 6.00 (tax included) per 10 A shares for the year 2022. Record date is 08 June 2023, Ex-date is 09 June 2023, Payment date is 09 June 2023.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Techshine ElectronicsLtd は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SZSE:301379 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/20261,816126-43143N/A12/31/20251,786142-89118N/A9/30/20251,757158-14858N/A6/30/20251,673160-50116N/A3/31/20251,571161-10126N/A12/31/20241,47715028122N/A9/30/20241,3751253596N/A6/30/20241,297111-1249N/A3/31/20241,272106-7638N/A12/31/20231,267107-4967N/A9/30/20231,245112-2396N/A6/30/20231,2461228138N/A3/31/20231,26112264149N/A1/1/20231,23311894175N/A1/1/20221,08997-3830N/A12/31/202061548-439N/A12/31/201956138N/A95N/A12/31/201850735N/A27N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 301379の予測収益成長が 貯蓄率 ( 2.4% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 301379の収益がCN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 301379の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 301379の収益がCN市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 301379の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 301379の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 01:06終値2026/06/10 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Techshine Electronics Co.,Ltd. 0 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。1 アナリスト機関Fang WangZhongtai Securities Co. Ltd.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥37.70, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 74x in the Electronic industry in China. Total returns to shareholders of 181% over the past three years.
Board Change • Jun 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. Non-Employee Supervisor Yujuan Lao was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Declared Dividend • May 30Dividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% 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 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • May 19New 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 9.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.8% average weekly change). Profit margins are more than 30% lower than last year (6.9% net profit margin).
Valuation Update With 7 Day Price Move • May 19Investor sentiment improves as stock rises 32%After last week's 32% share price gain to CN¥37.66, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 74x in the Electronic industry in China. Total returns to shareholders of 185% over the past three years.
New Risk • Apr 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.9% net profit margin).
Reported Earnings • Apr 27Full year 2025 earnings released: EPS: CN¥0.73 (vs CN¥0.76 in FY 2024)Full year 2025 results: EPS: CN¥0.73 (down from CN¥0.76 in FY 2024). Revenue: CN¥1.79b (up 21% from FY 2024). Net income: CN¥142.0m (down 5.6% from FY 2024). Profit margin: 7.9% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% 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 increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 27Techshine Electronics Co.,Ltd., Annual General Meeting, May 22, 2026Techshine Electronics Co.,Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 18F, Building 1, Qianhai Science and Technology Park, Xixiang Subdistrict, Bao'an District, Shenzhen, Guangdong China
お知らせ • Mar 31Techshine Electronics Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026Techshine Electronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026
お知らせ • Dec 31Techshine Electronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026Techshine Electronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026
New Risk • Nov 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.20 (down from CN¥0.20 in 3Q 2024). Revenue: CN¥482.7m (up 21% from 3Q 2024). Net income: CN¥38.0m (down 4.8% from 3Q 2024). Profit margin: 7.9% (down from 10.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Techshine Electronics Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025Techshine Electronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥29.54, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 62x in the Electronic industry in China. Total returns to shareholders of 168% over the past year.
New Risk • Sep 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change).
お知らせ • Jul 02Techshine Electronics Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Techshine Electronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥26.50, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 110% over the past year.
Declared Dividend • May 31Dividend of CN¥0.40 announcedShareholders will receive a dividend of CN¥0.40. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (35% 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 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 27Techshine Electronics Co.,Ltd. Approves Cash Dividend for 2024Techshine Electronics Co.,Ltd. at its Annual General Meeting of 2024 on 23 May 2025, approved Cash dividend (tax included): CNY 4.00000000 per ten shares for 2024.
New Risk • May 02New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Apr 23Techshine Electronics Co.,Ltd. Proposes Final Cash Dividend for 2024Techshine Electronics Co.,Ltd. proposed final cash dividend of CNY 4.00000000 per 10 shares (tax included) for 2024.
お知らせ • Apr 22Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2025Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Location: 18F, Building 1, Qianhai Science and Technology Park, Xixiang Subdistrict, Bao'an District, Shenzhen, Guangdong China
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to CN¥22.18, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 48x in the Electronic industry in China. Total returns to shareholders of 37% over the past year.
お知らせ • Mar 31Techshine Electronics Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025Techshine Electronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025
New Risk • Mar 10New 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 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (116% cash payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change).
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥30.99, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 53x in the Electronic industry in China. Total returns to shareholders of 94% over the past year.
分析記事 • Mar 06Techshine Electronics Co.,Ltd.'s (SZSE:301379) Shares Bounce 27% But Its Business Still Trails The MarketDespite an already strong run, Techshine Electronics Co.,Ltd. ( SZSE:301379 ) shares have been powering on, with a gain...
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: CN¥1.06 (vs CN¥0.76 in FY 2023)Full year 2024 results: EPS: CN¥1.06 (up from CN¥0.76 in FY 2023). Revenue: CN¥1.48b (up 17% from FY 2023). Net income: CN¥150.4m (up 40% from FY 2023). Profit margin: 10% (up from 8.5% in FY 2023). The increase in margin was driven by higher revenue.
分析記事 • Feb 17Does Techshine ElectronicsLtd (SZSE:301379) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥24.35, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 50x in the Electronic industry in China. Total returns to shareholders of 89% over the past year.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥21.96, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 31% over the past year.
お知らせ • Dec 31Techshine Electronics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025Techshine Electronics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025
分析記事 • Nov 05Investors Shouldn't Be Too Comfortable With Techshine ElectronicsLtd's (SZSE:301379) EarningsTechshine Electronics Co.,Ltd.'s ( SZSE:301379 ) robust earnings report didn't manage to move the market for its stock...
New Risk • Nov 01New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 25% 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 Dividend is not well covered by cash flows (116% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.18 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.18 in 3Q 2023). Revenue: CN¥398.2m (up 24% from 3Q 2023). Net income: CN¥39.9m (up 59% from 3Q 2023). Profit margin: 10.0% (up from 7.9% in 3Q 2023). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥18.55, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 14% over the past year.
お知らせ • Sep 30Techshine Electronics Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024Techshine Electronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 27%After last week's 27% share price gain to CN¥19.71, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 12% over the past year.
分析記事 • Sep 30The Returns On Capital At Techshine ElectronicsLtd (SZSE:301379) Don't Inspire ConfidenceIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
New Risk • Sep 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
New Risk • Aug 15New 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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change).
お知らせ • Jun 29Techshine Electronics Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024Techshine Electronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
分析記事 • Jun 16Techshine ElectronicsLtd's (SZSE:301379) Dividend Will Be Reduced To CN¥0.40Techshine Electronics Co.,Ltd.'s ( SZSE:301379 ) dividend is being reduced from last year's payment covering the same...
Declared Dividend • Jun 15Dividend reduced to CN¥0.40Dividend of CN¥0.40 is 33% lower than last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (38% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • May 26Techshine Electronics Co.,Ltd. Approves Cash Dividend for the Year 2023Techshine Electronics Co.,Ltd. at its AGM held on May 23, 2024, approved the cash dividend/10 shares (tax included): CNY 4.00000000 for the year 2023.
分析記事 • May 06Earnings Troubles May Signal Larger Issues for Techshine ElectronicsLtd (SZSE:301379) ShareholdersTechshine Electronics Co.,Ltd.'s ( SZSE:301379 ) recent weak earnings report didn't cause a big stock movement. Our...
お知らせ • Apr 27Techshine Electronics Co.,Ltd. Proposes Final Cash Dividend for the Year 2023Techshine Electronics Co.,Ltd. proposed final cash dividend of CNY 4.0000000 per ten shares (tax included) for the year 2023.
お知らせ • Apr 26Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2024Techshine Electronics Co.,Ltd., Annual General Meeting, May 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
Reported Earnings • Apr 25Full year 2023 earnings released: EPS: CN¥1.06 (vs CN¥1.48 in FY 2022)Full year 2023 results: EPS: CN¥1.06 (down from CN¥1.48 in FY 2022). Revenue: CN¥1.27b (up 2.7% from FY 2022). Net income: CN¥107.4m (down 9.2% from FY 2022). Profit margin: 8.5% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses.
分析記事 • Apr 01Techshine ElectronicsLtd (SZSE:301379) Might Be Having Difficulty Using Its Capital EffectivelyIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
お知らせ • Mar 30Techshine Electronics Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024Techshine Electronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024
New Risk • Feb 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.8% average weekly change).
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥20.75, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 25% over the past year.
お知らせ • Dec 30Techshine Electronics Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024Techshine Electronics Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024
Reported Earnings • Oct 26Third quarter 2023 earnings releasedThird quarter 2023 results: EPS: CN¥0.25. Net income: CN¥25.2m (up CN¥25.2m from 3Q 2022).
Buying Opportunity • Oct 18Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥38.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last year. Earnings per share has declined by 4.8%.
Buying Opportunity • Sep 26Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be CN¥38.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last year. Earnings per share has declined by 4.8%.
New Risk • Aug 29New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share).
Reported Earnings • Aug 29Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: CN¥0.35. Net income: CN¥35.4m (up CN¥35.4m from 2Q 2022).
New Risk • Jul 15New 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (95% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change).
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 28%After last week's 28% share price gain to CN¥36.11, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 47x in the Electronic industry in China.
New Risk • Jun 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 95% Dividend yield: 2.2% 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.
お知らせ • Jun 03Techshine Electronics Co.,Ltd. Announces Final Cash Dividend for the Year 2022, Payable on 09 June 2023Techshine Electronics Co.,Ltd. announced a final cash dividend of CNY 6.00 (tax included) per 10 A shares for the year 2022. Record date is 08 June 2023, Ex-date is 09 June 2023, Payment date is 09 June 2023.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.