Shenzhen Kinwong Electronic（603228）株式概要Shenzhen Kinwong Electronic Co, Ltd.は、プリント基板（PCB）および電子材料の研究、開発、生産、販売を中国国内および国際的に行っている。 詳細603228 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績1/6財務の健全性5/6配当金2/6報酬株価収益率（ 61.3 x）は、 Electronic業界平均（ 67.8 x）を下回っています。リスク分析高いレベルの非現金収入 CN市場と比較した過去 3 か月間の株価の変動0.78%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見る603228 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW484,833 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG484,833 investors already sharing narrativesYour Fair ValueCN¥Current PriceCN¥70.7912.3% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture028b2016201920222025202620282031Revenue CN¥28.1bEarnings CN¥2.0bAdvancedSet Fair ValueView all narrativesShenzhen Kinwong Electronic Co., Ltd. 競合他社Goldenmax International GroupSymbol: SZSE:002636Market cap: CN¥65.2bNantong Jianghai CapacitorSymbol: SZSE:002484Market cap: CN¥68.6bJonhon Optronic TechnologySymbol: SZSE:002179Market cap: CN¥71.3bFounder Technology GroupLtdSymbol: SHSE:600601Market cap: CN¥49.9b価格と性能株価の高値、安値、推移の概要Shenzhen Kinwong Electronic過去の株価現在の株価CN¥70.7952週高値CN¥89.9052週安値CN¥49.43ベータ0.961ヶ月の変化-9.42%3ヶ月変化6.93%1年変化33.06%3年間の変化201.23%5年間の変化146.66%IPOからの変化204.81%最新ニュースお知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥72.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.New Risk • May 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Guosheng Xin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China最新情報をもっと見るRecent updatesお知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥72.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.New Risk • May 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Guosheng Xin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong Chinaお知らせ • Dec 26Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time.お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025お知らせ • Dec 27Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥3.21b (up 15% from 3Q 2023). Net income: CN¥247.9m (down 16% from 3Q 2023). Profit margin: 7.7% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥26.42, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.94 per share.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥3.12b (up 19% from 2Q 2023). Net income: CN¥338.6m (up 76% from 2Q 2023). Profit margin: 11% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥26.91, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.76 per share.New Risk • Jul 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding).お知らせ • Jun 28Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥31.46, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.73 per share.Declared Dividend • Jun 01Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong ChinaReported Earnings • Apr 28Full year 2023 earnings released: EPS: CN¥1.11 (vs CN¥1.27 in FY 2022)Full year 2023 results: EPS: CN¥1.11 (down from CN¥1.27 in FY 2022). Revenue: CN¥10.8b (up 2.3% from FY 2022). Net income: CN¥936.3m (down 12% from FY 2022). Profit margin: 8.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.お知らせ • Mar 29Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥19.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years.お知らせ • Dec 30Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in 3Q 2022). Revenue: CN¥2.79b (up 7.8% from 3Q 2022). Net income: CN¥296.4m (up 5.3% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Oct 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years.Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥2.62b (down 5.0% from 2Q 2022). Net income: CN¥192.4m (down 34% from 2Q 2022). Profit margin: 7.3% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (147% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥25.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years.Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥22.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 34% over the past three years.Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥1.27 (vs CN¥1.11 in FY 2021)Full year 2022 results: EPS: CN¥1.27 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.07b (up 14% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 04Full year 2022 earnings released: EPS: CN¥1.26 (vs CN¥1.11 in FY 2021)Full year 2022 results: EPS: CN¥1.26 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.06b (up 13% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥2.76b (up 22% from 2Q 2021). Net income: CN¥289.8m (up 39% from 2Q 2021). Profit margin: 11% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.30 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.30 in 1Q 2021). Revenue: CN¥2.37b (up 14% from 1Q 2021). Net income: CN¥175.6m (down 31% from 1Q 2021). Profit margin: 7.4% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥34.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.25 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.42b (up 36% from 3Q 2020). Net income: CN¥246.6m (up 19% from 3Q 2020). Profit margin: 10% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.31 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 33% from 2Q 2020). Net income: CN¥208.1m (down 19% from 2Q 2020). Profit margin: 9.2% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Negligible returns to shareholders over past three years.Upcoming Dividend • May 05Upcoming dividend of CN¥0.30 per shareEligible shareholders must have bought the stock before 12 May 2021. Payment date: 12 May 2021. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (1.9%). In line with average of industry peers (0.9%).Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.26 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥2.07b (up 44% from 1Q 2020). Net income: CN¥254.4m (up 15% from 1Q 2020). Profit margin: 12% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.10 (vs CN¥1.01 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.06b (up 12% from FY 2019). Net income: CN¥921.0m (up 10.0% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Feb 11New 90-day low: CN¥25.64The company is down 20% from its price of CN¥32.11 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.25 per share.Is New 90 Day High Low • Jan 26New 90-day low: CN¥26.93The company is down 18% from its price of CN¥32.90 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.35 per share.Is New 90 Day High Low • Dec 09New 90-day low: CN¥30.12The company is down 10.0% from its price of CN¥33.60 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.90 per share.Is New 90 Day High Low • Nov 02New 90-day low: CN¥31.20The company is down 12% from its price of CN¥35.46 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.22 per share.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥890.8m, up 11% from the prior year. Total revenue was CN¥6.72b over the last 12 months, up 14% from the prior year.Is New 90 Day High Low • Sep 24New 90-day low: CN¥33.27The company is down 4.0% from its price of CN¥34.50 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.85 per share.株主還元603228CN ElectronicCN 市場7D3.7%-3.5%-1.5%1Y33.1%84.8%19.0%株主還元を見る業界別リターン: 603228過去 1 年間で84.8 % の収益を上げたCN Electronic業界を下回りました。リターン対市場: 603228過去 1 年間で19 % の収益を上げたCN市場を上回りました。価格変動Is 603228's price volatile compared to industry and market?603228 volatility603228 Average Weekly Movement10.9%Electronic Industry Average Movement9.5%Market Average Movement7.0%10% most volatile stocks in CN Market11.6%10% least volatile stocks in CN Market4.3%安定した株価: 603228の株価は、 CN市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 603228の weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてCNの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト199320,680Yu Liuwww.kinwong.comShenzhen Kinwong Electronic Co., Ltd.は、プリント基板（PCB）および電子材料の研究、開発、生産、販売を中国内外で行っている。単層、二層、多層PCBなどの従来型PCB、銅、アルミニウム、ステンレス、鉄からなるメタルベースPCB、片面、両面、多層PCBなどのフレキシブルPCB、高密度相互接続、RFマイクロ波、リジッドフレックス、高レイヤーカウントPCB、埋め込み銅インレイなどを提供。また、エンジニアリングや設計サービスも提供している。車載、スマート端末、民生、電源、テレコム、産業・医療、コンピューティング市場にサービスを提供している。同社は1993年に設立され、中国の深センに本社を置いている。Shenzhen Kinwong Electronic Co., Ltd.は以前はKinwong Group Limitedの子会社であった。もっと見るShenzhen Kinwong Electronic Co., Ltd. 基礎のまとめShenzhen Kinwong Electronic の収益と売上を時価総額と比較するとどうか。603228 基礎統計学時価総額CN¥69.82b収益（TTM）CN¥1.14b売上高(TTM)CN¥15.86b61.3xPER（株価収益率4.4xP/Sレシオ603228 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計603228 損益計算書（TTM）収益CN¥15.86b売上原価CN¥12.58b売上総利益CN¥3.27bその他の費用CN¥2.14b収益CN¥1.14b直近の収益報告Mar 31, 2026次回決算日Aug 22, 2026一株当たり利益（EPS）1.15グロス・マージン20.65%純利益率7.18%有利子負債／自己資本比率29.5%603228 の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.8%現在の配当利回り47%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/16 01:42終値2026/07/16 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Shenzhen Kinwong Electronic Co., Ltd. 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。2 アナリスト機関Tao XuCitic Securities Co., Ltd.Lu ZhangHuatai Research
お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥72.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.
New Risk • May 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Guosheng Xin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China
お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥72.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 38x in the Electronic industry in China. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥112 per share.
New Risk • May 22New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change).
Board Change • May 20Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Guosheng Xin was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Mar 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026
お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, Apr 20, 2026, at 14:00 China Standard Time. Location: No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China
お知らせ • Dec 26Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026
お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time.
お知らせ • Mar 28Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
お知らせ • Dec 27Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥3.21b (up 15% from 3Q 2023). Net income: CN¥247.9m (down 16% from 3Q 2023). Profit margin: 7.7% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Sep 30Shenzhen Kinwong Electronic Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥26.42, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥42.94 per share.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.23 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.23 in 2Q 2023). Revenue: CN¥3.12b (up 19% from 2Q 2023). Net income: CN¥338.6m (up 76% from 2Q 2023). Profit margin: 11% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥26.91, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 1.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.76 per share.
New Risk • Jul 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding).
お知らせ • Jun 28Shenzhen Kinwong Electronic Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
Valuation Update With 7 Day Price Move • Jun 25Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥31.46, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.73 per share.
Declared Dividend • Jun 01Dividend of CN¥0.50 announcedShareholders will receive a dividend of CN¥0.50. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 14% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 29Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024Shenzhen Kinwong Electronic Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, No. 158, Guangyuan 3rd Road, Dongkeng Community, Fenghuang Subdistrict, Guangming District, Shenzhen, Guangdong China
Reported Earnings • Apr 28Full year 2023 earnings released: EPS: CN¥1.11 (vs CN¥1.27 in FY 2022)Full year 2023 results: EPS: CN¥1.11 (down from CN¥1.27 in FY 2022). Revenue: CN¥10.8b (up 2.3% from FY 2022). Net income: CN¥936.3m (down 12% from FY 2022). Profit margin: 8.7% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
お知らせ • Mar 29Shenzhen Kinwong Electronic Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥19.15, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years.
お知らせ • Dec 30Shenzhen Kinwong Electronic Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024Shenzhen Kinwong Electronic Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.34 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.34 in 3Q 2022). Revenue: CN¥2.79b (up 7.8% from 3Q 2022). Net income: CN¥296.4m (up 5.3% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Oct 23Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 39% over the past three years.
Reported Earnings • Aug 25Second quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.34 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.34 in 2Q 2022). Revenue: CN¥2.62b (down 5.0% from 2Q 2022). Net income: CN¥192.4m (down 34% from 2Q 2022). Profit margin: 7.3% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (147% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change).
Valuation Update With 7 Day Price Move • May 31Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥25.86, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years.
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥22.78, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 34% over the past three years.
Reported Earnings • Apr 24Full year 2022 earnings released: EPS: CN¥1.27 (vs CN¥1.11 in FY 2021)Full year 2022 results: EPS: CN¥1.27 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.07b (up 14% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 04Full year 2022 earnings released: EPS: CN¥1.26 (vs CN¥1.11 in FY 2021)Full year 2022 results: EPS: CN¥1.26 (up from CN¥1.11 in FY 2021). Revenue: CN¥10.5b (up 10% from FY 2021). Net income: CN¥1.06b (up 13% from FY 2021). Profit margin: 10% (in line with FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 30Third quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.29 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.29 in 3Q 2021). Revenue: CN¥2.59b (up 6.9% from 3Q 2021). Net income: CN¥281.4m (up 14% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 07Second quarter 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in 2Q 2021). Revenue: CN¥2.76b (up 22% from 2Q 2021). Net income: CN¥289.8m (up 39% from 2Q 2021). Profit margin: 11% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Reported Earnings • May 02First quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.30 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.30 in 1Q 2021). Revenue: CN¥2.37b (up 14% from 1Q 2021). Net income: CN¥175.6m (down 31% from 1Q 2021). Profit margin: 7.4% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Marketing Director and Director Yi Ming Lai was the last director to join the board, commencing their role in 2002. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment improved over the past weekAfter last week's 17% share price gain to CN¥34.60, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.25 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.42b (up 36% from 3Q 2020). Net income: CN¥246.6m (up 19% from 3Q 2020). Profit margin: 10% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat.
Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS CN¥0.25 (vs CN¥0.31 in 2Q 2020)The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.27b (up 33% from 2Q 2020). Net income: CN¥208.1m (down 19% from 2Q 2020). Profit margin: 9.2% (down from 15% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 30x in the Electronic industry in China. Negligible returns to shareholders over past three years.
Upcoming Dividend • May 05Upcoming dividend of CN¥0.30 per shareEligible shareholders must have bought the stock before 12 May 2021. Payment date: 12 May 2021. Trailing yield: 0.8%. Lower than top quartile of Chinese dividend payers (1.9%). In line with average of industry peers (0.9%).
Reported Earnings • Apr 30First quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.26 in 1Q 2020)The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥2.07b (up 44% from 1Q 2020). Net income: CN¥254.4m (up 15% from 1Q 2020). Profit margin: 12% (down from 15% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.
Reported Earnings • Apr 01Full year 2020 earnings released: EPS CN¥1.10 (vs CN¥1.01 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥7.06b (up 12% from FY 2019). Net income: CN¥921.0m (up 10.0% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Feb 11New 90-day low: CN¥25.64The company is down 20% from its price of CN¥32.11 on 13 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.25 per share.
Is New 90 Day High Low • Jan 26New 90-day low: CN¥26.93The company is down 18% from its price of CN¥32.90 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.35 per share.
Is New 90 Day High Low • Dec 09New 90-day low: CN¥30.12The company is down 10.0% from its price of CN¥33.60 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.90 per share.
Is New 90 Day High Low • Nov 02New 90-day low: CN¥31.20The company is down 12% from its price of CN¥35.46 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥8.22 per share.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥890.8m, up 11% from the prior year. Total revenue was CN¥6.72b over the last 12 months, up 14% from the prior year.
Is New 90 Day High Low • Sep 24New 90-day low: CN¥33.27The company is down 4.0% from its price of CN¥34.50 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.85 per share.
