View Financial HealthSunshine Global CircuitsLtd 配当と自社株買い配当金 基準チェック /16Sunshine Global CircuitsLtd配当を支払う会社であり、現在の利回りは0.21%で、収益によって十分にカバーされています。主要情報0.2%配当利回り-0.2%バイバック利回り総株主利回り-0.03%将来の配当利回りn/a配当成長-0.3%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28%最近の配当と自社株買いの更新お知らせ • May 15Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces an Equity Buyback for CNY 25 million worth of its shares.Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18.16 per share. The repurchases will be funded from company's own funds or self- financing. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.お知らせ • May 25Sunshine Global Circuits Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024Sunshine Global Circuits Co.,Ltd. announced final cash dividend of CNY 2.00 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024.Upcoming Dividend • May 02Upcoming dividend of CN¥0.35 per share at 2.6% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.6%. Within top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (1.3%).すべての更新を表示Recent updatesBoard Change • May 20High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. Chairman & Acting GM Peike Zhang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 25Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 20, 2026Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong Chinaお知らせ • Mar 31Sunshine Global Circuits Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Sunshine Global Circuits Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026お知らせ • Dec 31Sunshine Global Circuits Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026Sunshine Global Circuits Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026お知らせ • Sep 30Sunshine Global Circuits Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025お知らせ • Jul 02Sunshine Global Circuits Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025お知らせ • May 15Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces an Equity Buyback for CNY 25 million worth of its shares.Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18.16 per share. The repurchases will be funded from company's own funds or self- financing. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.お知らせ • Apr 26Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 21, 2025Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 21, 2025, at 15:00 China Standard Time. Location: No. 32, Nanhuan Road, Shangxing 2nd Industrial Zone, Xinqiao Subdistrict, Bao'an District, Shenzhen, Guangdong Chinaお知らせ • Mar 31Sunshine Global Circuits Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Mar 07Sunshine Global Circuits Co.,Ltd. Announces Board and Executive ChangesSunshine Global Circuits Co.,Ltd. announced that at 1st Extraordinary General Meeting of 2025 held on 05 March 2025, approved election of Ma Xufei, LIN JIANWU and Li Juanjuan as independent directors. Election of Qin Xiaohu and Zhang Yanfen as non-employee supervisors.お知らせ • Dec 31Sunshine Global Circuits Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025New Risk • Oct 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥13.72, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 10.0% over the past three years.お知らせ • Sep 30Sunshine Global Circuits Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024Sunshine Global Circuits Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥12.21, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years.New Risk • Sep 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 61% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.12 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥403.5m (up 1.5% from 2Q 2023). Net income: CN¥22.5m (down 37% from 2Q 2023). Profit margin: 5.6% (down from 8.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥14.58, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 4.0% over the past three years.New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥13.31, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 7.1% over the past three years.Board Change • Jun 01High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Chairman of the Board Peike Zhang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • May 25Sunshine Global Circuits Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024Sunshine Global Circuits Co.,Ltd. announced final cash dividend of CNY 2.00 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. 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). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin).お知らせ • Apr 24Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 17, 2024Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 17, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong ChinaReported Earnings • Apr 24Full year 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.62 in FY 2022)Full year 2023 results: EPS: CN¥0.34 (down from CN¥0.62 in FY 2022). Revenue: CN¥1.62b (down 18% from FY 2022). Net income: CN¥102.7m (down 44% from FY 2022). Profit margin: 6.3% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Mar 30Sunshine Global Circuits Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Sunshine Global Circuits Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥11.10, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years.Buy Or Sell Opportunity • Feb 08Now 21% overvaluedOver the last 90 days, the stock has fallen 36% to CN¥9.50. The fair value is estimated to be CN¥7.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.5%.New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 42x cash flows per share). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.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¥11.11, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 21% over the past three years.お知らせ • Dec 29Sunshine Global Circuits Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024Sunshine Global Circuits Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.19 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥407.6m (down 17% from 3Q 2022). Net income: CN¥20.3m (down 64% from 3Q 2022). Profit margin: 5.0% (down from 12% in 3Q 2022).お知らせ • Sep 30Sunshine Global Circuits Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023Sunshine Global Circuits Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥397.6m (down 22% from 2Q 2022). Net income: CN¥35.5m (down 18% from 2Q 2022). Profit margin: 8.9% (up from 8.5% in 2Q 2022). The increase in margin was driven by lower expenses.Buying Opportunity • May 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be CN¥16.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 6.0%.Upcoming Dividend • May 02Upcoming dividend of CN¥0.35 per share at 2.6% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.6%. Within top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (1.3%).Board Change • Apr 18Less 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 Zhidong Huang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 18Full year 2022 earnings released: EPS: CN¥0.62 (vs CN¥0.38 in FY 2021)Full year 2022 results: EPS: CN¥0.62 (up from CN¥0.38 in FY 2021). Revenue: CN¥1.97b (up 6.2% from FY 2021). Net income: CN¥182.5m (up 66% from FY 2021). Profit margin: 9.3% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue.Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥491.6m (down 6.4% from 3Q 2021). Net income: CN¥56.4m (up 48% from 3Q 2021). Profit margin: 12% (up from 7.3% in 3Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • Aug 27Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.092 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.092 in 2Q 2021). Revenue: CN¥507.5m (up 22% from 2Q 2021). Net income: CN¥43.3m (up 86% from 2Q 2021). Profit margin: 8.5% (up from 5.6% in 2Q 2021). The increase in margin was driven by higher revenue.Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.06 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥547.5m (up 56% from 1Q 2021). Net income: CN¥47.4m (up 172% from 1Q 2021). Profit margin: 8.7% (up from 5.0% in 1Q 2021). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥18.49, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 37x in the Electronic industry in China.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.097 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥525.3m (up 59% from 3Q 2020). Net income: CN¥38.2m (up 43% from 3Q 2020). Profit margin: 7.3% (down from 8.1% in 3Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.18 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥416.6m (up 20% from 2Q 2020). Net income: CN¥23.3m (down 54% from 2Q 2020). Profit margin: 5.6% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥18.84, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 37x in the Electronic industry in China.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥17.12, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 38x in the Electronic industry in China.Reported Earnings • Apr 27Full year 2020 earnings released: EPS CN¥0.48 (vs CN¥0.48 in FY 2019)The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: CN¥1.29b (up 12% from FY 2019). Net income: CN¥133.0m (flat on FY 2019). Profit margin: 10% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses.決済の安定と成長配当データの取得安定した配当: 300739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: 300739は8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Sunshine Global CircuitsLtd 配当利回り対市場300739 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 (300739)0.2%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 (300739) (最長3年)n/a注目すべき配当: 300739の配当金 ( 0.21% ) はCN市場の配当金支払者の下位 25% ( 0.37% ) と比べると目立ったものではありません。高配当: 300739の配当金 ( 0.21% ) はCN市場の配当金支払者の上位 25% ( 1.93% ) 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: 300739の 配当性向 ( 27.6% ) 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: 300739は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。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2026/05/23 01:58終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sunshine Global Circuits 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。0
お知らせ • May 15Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces an Equity Buyback for CNY 25 million worth of its shares.Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18.16 per share. The repurchases will be funded from company's own funds or self- financing. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.
お知らせ • May 25Sunshine Global Circuits Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024Sunshine Global Circuits Co.,Ltd. announced final cash dividend of CNY 2.00 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024.
Upcoming Dividend • May 02Upcoming dividend of CN¥0.35 per share at 2.6% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.6%. Within top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (1.3%).
Board Change • May 20High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. Chairman & Acting GM Peike Zhang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 25Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 20, 2026Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
お知らせ • Mar 31Sunshine Global Circuits Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026Sunshine Global Circuits Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
お知らせ • Dec 31Sunshine Global Circuits Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026Sunshine Global Circuits Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026
お知らせ • Sep 30Sunshine Global Circuits Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025
お知らせ • Jul 02Sunshine Global Circuits Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025
お知らせ • May 15Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces an Equity Buyback for CNY 25 million worth of its shares.Sunshine Global Circuits Co.,Ltd. (SZSE:300739) announces a share repurchase program. Under the program, the company will repurchase up to CNY 25 million worth of its A shares. The shares will be repurchased at a price not more than CNY 18.16 per share. The repurchases will be funded from company's own funds or self- financing. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.
お知らせ • Apr 26Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 21, 2025Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 21, 2025, at 15:00 China Standard Time. Location: No. 32, Nanhuan Road, Shangxing 2nd Industrial Zone, Xinqiao Subdistrict, Bao'an District, Shenzhen, Guangdong China
お知らせ • Mar 31Sunshine Global Circuits Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Mar 07Sunshine Global Circuits Co.,Ltd. Announces Board and Executive ChangesSunshine Global Circuits Co.,Ltd. announced that at 1st Extraordinary General Meeting of 2025 held on 05 March 2025, approved election of Ma Xufei, LIN JIANWU and Li Juanjuan as independent directors. Election of Qin Xiaohu and Zhang Yanfen as non-employee supervisors.
お知らせ • Dec 31Sunshine Global Circuits Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Sunshine Global Circuits Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
New Risk • Oct 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 110% The company is paying a dividend despite having no free cash flows. Dividend yield: 1.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Earnings have declined by 5.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (3.6% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥13.72, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 10.0% over the past three years.
お知らせ • Sep 30Sunshine Global Circuits Co.,Ltd. to Report Q3, 2024 Results on Oct 28, 2024Sunshine Global Circuits Co.,Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥12.21, the stock trades at a trailing P/E ratio of 50.5x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years.
New Risk • Sep 14New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 61% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.7% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
Reported Earnings • Aug 26Second quarter 2024 earnings released: EPS: CN¥0.068 (vs CN¥0.12 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.068 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥403.5m (up 1.5% from 2Q 2023). Net income: CN¥22.5m (down 37% from 2Q 2023). Profit margin: 5.6% (down from 8.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥14.58, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 4.0% over the past three years.
New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.6% net profit margin). Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥13.31, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 7.1% over the past three years.
Board Change • Jun 01High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 1 highly experienced director. Chairman of the Board Peike Zhang is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • May 25Sunshine Global Circuits Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024Sunshine Global Circuits Co.,Ltd. announced final cash dividend of CNY 2.00 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 1.1% 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 1.1% per year over the past 5 years. 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). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin).
お知らせ • Apr 24Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 17, 2024Sunshine Global Circuits Co.,Ltd., Annual General Meeting, May 17, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China
Reported Earnings • Apr 24Full year 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.62 in FY 2022)Full year 2023 results: EPS: CN¥0.34 (down from CN¥0.62 in FY 2022). Revenue: CN¥1.62b (down 18% from FY 2022). Net income: CN¥102.7m (down 44% from FY 2022). Profit margin: 6.3% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Mar 30Sunshine Global Circuits Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Sunshine Global Circuits Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥11.10, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years.
Buy Or Sell Opportunity • Feb 08Now 21% overvaluedOver the last 90 days, the stock has fallen 36% to CN¥9.50. The fair value is estimated to be CN¥7.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.5%.
New Risk • Feb 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 42x cash flows per share). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results.
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¥11.11, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 21% over the past three years.
お知らせ • Dec 29Sunshine Global Circuits Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024Sunshine Global Circuits Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.19 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥407.6m (down 17% from 3Q 2022). Net income: CN¥20.3m (down 64% from 3Q 2022). Profit margin: 5.0% (down from 12% in 3Q 2022).
お知らせ • Sep 30Sunshine Global Circuits Co.,Ltd. to Report Q3, 2023 Results on Oct 27, 2023Sunshine Global Circuits Co.,Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥397.6m (down 22% from 2Q 2022). Net income: CN¥35.5m (down 18% from 2Q 2022). Profit margin: 8.9% (up from 8.5% in 2Q 2022). The increase in margin was driven by lower expenses.
Buying Opportunity • May 09Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be CN¥16.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 6.0%.
Upcoming Dividend • May 02Upcoming dividend of CN¥0.35 per share at 2.6% yieldEligible shareholders must have bought the stock before 09 May 2023. Payment date: 09 May 2023. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.6%. Within top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (1.3%).
Board Change • Apr 18Less 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 Zhidong Huang was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 18Full year 2022 earnings released: EPS: CN¥0.62 (vs CN¥0.38 in FY 2021)Full year 2022 results: EPS: CN¥0.62 (up from CN¥0.38 in FY 2021). Revenue: CN¥1.97b (up 6.2% from FY 2021). Net income: CN¥182.5m (up 66% from FY 2021). Profit margin: 9.3% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Oct 25Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.13 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥491.6m (down 6.4% from 3Q 2021). Net income: CN¥56.4m (up 48% from 3Q 2021). Profit margin: 12% (up from 7.3% in 3Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • Aug 27Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.092 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.092 in 2Q 2021). Revenue: CN¥507.5m (up 22% from 2Q 2021). Net income: CN¥43.3m (up 86% from 2Q 2021). Profit margin: 8.5% (up from 5.6% in 2Q 2021). The increase in margin was driven by higher revenue.
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.06 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥547.5m (up 56% from 1Q 2021). Net income: CN¥47.4m (up 172% from 1Q 2021). Profit margin: 8.7% (up from 5.0% in 1Q 2021). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥18.49, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 37x in the Electronic industry in China.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.097 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥525.3m (up 59% from 3Q 2020). Net income: CN¥38.2m (up 43% from 3Q 2020). Profit margin: 7.3% (down from 8.1% in 3Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.18 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥416.6m (up 20% from 2Q 2020). Net income: CN¥23.3m (down 54% from 2Q 2020). Profit margin: 5.6% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jul 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥18.84, the stock trades at a trailing P/E ratio of 45.1x. Average trailing P/E is 37x in the Electronic industry in China.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥17.12, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 38x in the Electronic industry in China.
Reported Earnings • Apr 27Full year 2020 earnings released: EPS CN¥0.48 (vs CN¥0.48 in FY 2019)The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: CN¥1.29b (up 12% from FY 2019). Net income: CN¥133.0m (flat on FY 2019). Profit margin: 10% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses.