View ValuationLaunch Tech 将来の成長Future 基準チェック /06現在、 Launch Techの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Auto Components 収益成長41.2%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報お知らせ • Jul 23Launch Tech Company Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023Launch Tech Company Limited provided group earnings guidance for the six months ended 30 June 2023. For the period, the group is expected to record a net profit of approximately RMB 60 million, representing an approximately 50% growth over the RMB 40 million of last comparative period.すべての更新を表示Recent updatesRecent Insider Transactions • May 14Founder recently bought HK$91m worth of stockOn the 8th of May, Xin Liu bought around 79m shares on-market at roughly HK$1.15 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Xin's only on-market trade for the last 12 months.お知らせ • Apr 25Launch Tech Company Limited Approves Cash Dividend for Year Ended 31 December 2025Launch Tech Company Limited in the AGM held on 24 April 2026, approved the profit distribution plan for the year ended 31 December 2025, A cash dividend of RMB 0.41 per share, inclusive of applicable taxes.Upcoming Dividend • Apr 21Upcoming dividend of HK$0.47 per shareEligible shareholders must have bought the stock before 28 April 2026. Payment date: 22 May 2026. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 9.6%. Within top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (3.1%).お知らせ • Apr 02Launch Tech Company Limited, Annual General Meeting, Apr 24, 2026Launch Tech Company Limited, Annual General Meeting, Apr 24, 2026, at 15:00 China Standard Time. Location: 10/f r&d block, launch industrial park, no. 4012 north of wuhe road, bantian street, longgang district, shenzhen., ChinaDeclared Dividend • Mar 27Final dividend of HK$0.47 announcedShareholders will receive a dividend of HK$0.47. Ex-date: 28th April 2026 Payment date: 22nd May 2026 Dividend yield will be 9.7%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 16% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 26Full year 2025 earnings releasedFull year 2025 results: Revenue: CN¥2.11b (up 12% from FY 2024). Net income: CN¥344.3m (up 1.4% from FY 2024). Profit margin: 16% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses.分析記事 • Mar 24Is Now The Time To Put Launch Tech (HKG:2488) On Your Watchlist?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...お知らせ • Mar 13Launch Tech Company Limited to Report Fiscal Year 2025 Results on Mar 25, 2026Launch Tech Company Limited announced that they will report fiscal year 2025 results on Mar 25, 2026New Risk • Mar 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Sep 01We Think That There Are Issues Underlying Launch Tech's (HKG:2488) EarningsDespite posting some strong earnings, the market for Launch Tech Company Limited's ( HKG:2488 ) stock hasn't moved...分析記事 • Aug 22Investors Holding Back On Launch Tech Company Limited (HKG:2488)SEHK:2488 1 Year Share Price vs Fair Value Explore Launch Tech's Fair Values from the Community and select yours With a...Reported Earnings • Aug 06First half 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.37 in 1H 2024)First half 2025 results: EPS: CN¥0.47 (up from CN¥0.37 in 1H 2024). Revenue: CN¥981.7m (down 1.7% from 1H 2024). Net income: CN¥194.7m (up 28% from 1H 2024). Profit margin: 20% (up from 15% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Aug 06First half dividend of HK$0.34 announcedShareholders will receive a dividend of HK$0.34. Ex-date: 15th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Aug 04Launch Tech Company Limited Announces Interim Dividend for the Six Months Ended 30 June, 2025, Payable on 12 September 2025Launch Tech Company Limited announced interim dividend of RMB 0.31 per share for the six months ended 30 June, 2025. Ex-dividend date is 15 August 2025. Record date is 22 August 2025. Payment date is 12 September 2025.分析記事 • Jul 29Is Now The Time To Put Launch Tech (HKG:2488) On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...お知らせ • Jul 21Launch Tech Company Limited to Report First Half, 2025 Results on Aug 04, 2025Launch Tech Company Limited announced that they will report first half, 2025 results on Aug 04, 2025Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$14.62, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 581% over the past three years.分析記事 • Jul 11Launch Tech (HKG:2488) Is Very Good At Capital AllocationIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...分析記事 • May 18After Leaping 30% Launch Tech Company Limited (HKG:2488) Shares Are Not Flying Under The RadarDespite an already strong run, Launch Tech Company Limited ( HKG:2488 ) shares have been powering on, with a gain of...Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$12.50, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 591% over the past three years.お知らせ • Apr 26Launch Tech Company Limited Approves Plan of Profit Distribution for the Year Ended 31 December 2024Launch Tech Company Limited at the AGM held on 25 April 2025 approved the plan of profit distribution for the year ended 31 December 2024. A payment of Cash Dividends of RMB 0.45 per Share (inclusive of applicable tax) is proposed.Upcoming Dividend • Apr 22Upcoming dividend of HK$0.49 per shareEligible shareholders must have bought the stock before 29 April 2025. Payment date: 23 May 2025. Payout ratio and cash payout ratio are on the higher end at 80% and 85% respectively. Trailing yield: 7.1%. Lower than top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (4.3%).分析記事 • Apr 18Shareholders Will Probably Hold Off On Increasing Launch Tech Company Limited's (HKG:2488) CEO Compensation For The Time BeingKey Insights Launch Tech will host its Annual General Meeting on 25th of April CEO Louis Liu's total compensation...Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$9.60, the stock trades at a trailing P/E ratio of 11.1x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 412% over the past three years.New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% 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 (11% average weekly change).お知らせ • Apr 03Launch Tech Company Limited, Annual General Meeting, Apr 25, 2025Launch Tech Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 China Standard Time. Location: 10/f r&d block, launch industrial park, no. 4012 north of wuhe road, bantian street, longgang district, shenzhen, prc., China分析記事 • Mar 30Market Participants Recognise Launch Tech Company Limited's (HKG:2488) Earnings Pushing Shares 26% HigherLaunch Tech Company Limited ( HKG:2488 ) shares have continued their recent momentum with a 26% gain in the last month...Reported Earnings • Mar 26Full year 2024 earnings released: EPS: CN¥0.82 (vs CN¥0.39 in FY 2023)Full year 2024 results: EPS: CN¥0.82 (up from CN¥0.39 in FY 2023). Revenue: CN¥1.88b (up 18% from FY 2023). Net income: CN¥339.5m (up 101% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$11.30, the stock trades at a trailing P/E ratio of 17x. Average forward P/E is 8x in the Auto Components industry in Hong Kong. Total returns to shareholders of 440% over the past three years.お知らせ • Mar 13Launch Tech Company Limited to Report Fiscal Year 2024 Results on Mar 25, 2025Launch Tech Company Limited announced that they will report fiscal year 2024 results on Mar 25, 2025New Risk • Mar 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin).Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$9.89, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 266% over the past three years.分析記事 • Dec 29Launch Tech Company Limited (HKG:2488) Stock Rockets 28% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, Launch Tech Company Limited ( HKG:2488 ) shares have been powering on, with a gain of...Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$7.90, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 263% over the past three years.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$6.55, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 196% over the past three years.分析記事 • Nov 13Launch Tech Company Limited's (HKG:2488) Share Price Not Quite Adding UpWith a median price-to-earnings (or "P/E") ratio of close to 10x in Hong Kong, you could be forgiven for feeling...Buy Or Sell Opportunity • Nov 13Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to HK$6.21. The fair value is estimated to be HK$5.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable.分析記事 • Oct 14We Think Launch Tech (HKG:2488) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Buy Or Sell Opportunity • Oct 07Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 58% to HK$6.13. The fair value is estimated to be HK$4.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable.分析記事 • Sep 24Shareholders Would Enjoy A Repeat Of Launch Tech's (HKG:2488) Recent Growth In ReturnsDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...Reported Earnings • Aug 26First half 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.15 in 1H 2023)First half 2024 results: EPS: CN¥0.37 (up from CN¥0.15 in 1H 2023). Revenue: CN¥999.0m (up 39% from 1H 2023). Net income: CN¥152.5m (up 134% from 1H 2023). Profit margin: 15% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to HK$5.42, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 88% over the past three years.分析記事 • Aug 15Launch Tech's (HKG:2488) Shareholders Will Receive A Smaller Dividend Than Last YearLaunch Tech Company Limited's ( HKG:2488 ) dividend is being reduced from last year's payment covering the same period...Reported Earnings • Aug 11First half 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.15 in 1H 2023)First half 2024 results: EPS: CN¥0.37 (up from CN¥0.15 in 1H 2023). Revenue: CN¥999.0m (up 39% from 1H 2023). Net income: CN¥152.5m (up 134% from 1H 2023). Profit margin: 15% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 26Launch Tech Company Limited to Report Q2, 2024 Results on Aug 09, 2024Launch Tech Company Limited announced that they will report Q2, 2024 results on Aug 09, 2024Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 22%After last week's 22% share price gain to HK$3.83, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 3.7% over the past three years.分析記事 • Jun 21Returns On Capital Are Showing Encouraging Signs At Launch Tech (HKG:2488)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Jun 21Earnings Not Telling The Story For Launch Tech Company Limited (HKG:2488) After Shares Rise 37%Launch Tech Company Limited ( HKG:2488 ) shares have continued their recent momentum with a 37% gain in the last month...Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$3.28, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total loss to shareholders of 1.6% over the past three years.お知らせ • May 15Launch Tech Company Limited Approves Cash Dividend for the Year Ended 31 December 2023Launch Tech Company Limited at its AGM held on 14 May 2024, approved payment of Cash Dividends of RMB 0.24 per Share (inclusive of applicable tax) for the year ended 31 December 2023.Upcoming Dividend • May 10Upcoming dividend of HK$0.26 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 12 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 18%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.8%).お知らせ • Apr 21Launch Tech Company Limited, Annual General Meeting, May 14, 2024Launch Tech Company Limited, Annual General Meeting, May 14, 2024, at 11:00 China Standard Time. Location: 10/F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shanzhen China Agenda: To consider and approve the Directors' report for the year ended 31 December 2023; to consider and approve the Supervisory Committee's report for the year ended 31 December 2023; to consider and approve the audited financial statements and the report of the auditors of the Company for the year ended 31 December 2023; and to discuss other matters.分析記事 • Apr 04Launch Tech's (HKG:2488) Conservative Accounting Might Explain Soft EarningsLaunch Tech Company Limited's ( HKG:2488 ) recent soft profit numbers didn't appear to worry shareholders, as the stock...Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 38%After last week's 38% share price gain to HK$2.73, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total loss to shareholders of 29% over the past three years.分析記事 • Apr 02Launch Tech Company Limited's (HKG:2488) Shares Bounce 68% But Its Business Still Trails The MarketLaunch Tech Company Limited ( HKG:2488 ) shares have had a really impressive month, gaining 68% after a shaky period...New Risk • Apr 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Cash payout ratio: 122% Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin).Reported Earnings • Mar 30Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.76 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (down from CN¥0.76 in FY 2022). Revenue: CN¥1.60b (up 36% from FY 2022). Net income: CN¥168.9m (down 49% from FY 2022). Profit margin: 11% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.お知らせ • Mar 28Launch Tech Company Limited Announces Interim Dividend for the Year Ended 31 December 2023Launch Tech Company Limited announced interim dividend for the Year Ended 31 December 2023 of RMB 0.24 per share.お知らせ • Mar 16Launch Tech Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Launch Tech Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024分析記事 • Mar 01Launch Tech (HKG:2488) Has More To Do To Multiply In Value Going ForwardWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...お知らせ • Dec 12Launch Tech Company Limited Announces Board and Committee ChangesThe Board of directors of Launch Tech Company Limited announced that Mr. Lin Lichao has resigned as an independent non-executive Director and his positions at the Audit Committee, Remuneration Committee and Nomination Committee with effect from 12 December 2023, as he wishes to focus on his other personal job arrangements. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR: In accordance with Article 97 of the Company's articles of association, which states that "Any directors appointed by the Board of Directors to fill a casual vacancy on or as an addition to the Board of Directors shall hold office only until the next annual general meeting of the Company and shall then be eligible for re-election", the Board appointed Ms. He Xujin as independent non-executive Director with effect from 12 December 2023 until the next annual general meeting. She has also been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee, and been appointed as the Chairman of both the Remuneration Committee and the Nomination Committee, with effect from 12 December 2023. The biographical details of Ms. He Xujin are set out below:- Ms. He Xujin, aged 46, graduated from the International Tade Department of Guangdong University of Finance and Economics in 2000. From 2000 to 2005, she worked in VTech (Dongguan) Electronics Technology Limited as an deputy manager of the project management department; from 2005 to 2009, she worked for Jabil Circuit (Guangzhou) Ltd. (US JBL) as an deputy manager of the business division; from 2009 to 2019, she worked for Viasystems EMS (Shenzhen) Co. Ltd. (US TTMI) as an director of the project management department; from 2009 to 2022, she served as Shenzhen Kinwong Electronic Co. Ltd. as a director of the marketing department; and has been serving in Lingyange Semiconductor Inc. in Zhuhai as a senior director of marketing department since 2022. Ms. He has over 20 years of work and management experience in sales management, project management, business division management and marketing. She is familiar with various processes in electronic industrial chains, and has profound understanding in circuit board ("PCB") manufacturing and electronic foundry services.分析記事 • Nov 22Launch Tech's (HKG:2488) Returns Have Hit A WallDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...New Risk • Nov 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$740.1m (US$94.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (HK$740.1m market cap, or US$94.9m).Valuation Update With 7 Day Price Move • Aug 23Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to HK$2.04, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 11x in the Auto Components industry in Hong Kong. Total loss to shareholders of 30% over the past three years.Upcoming Dividend • Aug 15Upcoming dividend of HK$0.37 per share at 29% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 29 September 2023. Trailing yield: 29%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.5%).New Risk • Aug 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 31x cash flows per share. Dividend yield: 29% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 31x cash flows per share). Share price has been volatile over the past 3 months (10% average weekly change).Reported Earnings • Aug 13First half 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.095 in 1H 2022)First half 2023 results: EPS: CN¥0.15 (up from CN¥0.095 in 1H 2022). Revenue: CN¥721.2m (up 31% from 1H 2022). Net income: CN¥65.0m (up 58% from 1H 2022). Profit margin: 9.0% (up from 7.5% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% 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 • Aug 10Launch Tech Company Limited Announces Ordinary Interim Dividend for the Six Months Ended June 30, 2023, Payable on 29 September 2023Launch Tech Company Limited announced ordinary interim dividend of RMB 0.34 per share for the six months ended June 30, 2023. Ex-dividend date is 22 August 2023. Record date is 29 August 2023. Payment date is 29 September 2023.お知らせ • Jul 28Launch Tech Company Limited to Report First Half, 2023 Results on Aug 09, 2023Launch Tech Company Limited announced that they will report first half, 2023 results on Aug 09, 2023お知らせ • Jul 23Launch Tech Company Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023Launch Tech Company Limited provided group earnings guidance for the six months ended 30 June 2023. For the period, the group is expected to record a net profit of approximately RMB 60 million, representing an approximately 50% growth over the RMB 40 million of last comparative period.分析記事 • Jul 11Some Investors May Be Worried About Launch Tech's (HKG:2488) Returns On CapitalWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$2.22, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 12x in the Auto Components industry in Hong Kong. Total loss to shareholders of 25% over the past three years.New Risk • Jun 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$778.0m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$778.0m market cap, or US$99.3m).分析記事 • Jun 05Here's Why Launch Tech (HKG:2488) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jun 03Launch Tech Company Limited, Annual General Meeting, Jun 28, 2023Launch Tech Company Limited, Annual General Meeting, Jun 28, 2023, at 10:00 China Standard Time. Location: 10/F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District Shen Zhen China Agenda: To consider and approve the Directors' report for the year ended 31 December 2022; to consider and approve the Supervisory Committee's report for the year ended 31 December 2022; to consider and approve the audited financial statements and the report of the auditors of the Company for the year ended 31 December 2022; to consider and re-appoint Da Hua Certified Public Accountants as the independent auditor of the Company and to authorize the board of Directors to fix their remuneration; to consider and approve the re-appointment of Ms. Huang Zhao Huan as the Company's executive director and authorize the Board to fix her remuneration; and to transact other business.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 19%After last week's 19% share price gain to HK$2.13, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total loss to shareholders of 44% over the past three years.分析記事 • Apr 06Launch Tech (HKG:2488) Strong Profits May Be Masking Some Underlying IssuesLaunch Tech Company Limited's ( HKG:2488 ) robust recent earnings didn't do much to move the stock. However the...分析記事 • Mar 30Launch Tech (HKG:2488) Will Be Hoping To Turn Its Returns On Capital AroundIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Reported Earnings • Mar 30Full year 2022 earnings released: EPS: CN¥0.76 (vs CN¥0.21 in FY 2021)Full year 2022 results: EPS: CN¥0.76 (up from CN¥0.21 in FY 2021). Revenue: CN¥1.18b (down 13% from FY 2021). Net income: CN¥328.0m (up 255% from FY 2021). Profit margin: 28% (up from 6.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$2.37, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Negligible returns to shareholders over past three years.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.70, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total loss to shareholders of 13% over the past three years.分析記事 • Dec 06Returns On Capital Signal Tricky Times Ahead For Launch Tech (HKG:2488)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Directors Lichao Lin 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.Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$2.33, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 14x in the Auto Components industry in Hong Kong. Total loss to shareholders of 37% over the past three years.お知らせ • Sep 02Launch Tech Company Limited Announces Management ChangesThe Board of directors of Launch Tech Company Limited announced that Mr. Ning Bo has resigned as an independent non-executive Director and his positions at the Audit Committee, Remuneration Committee and Nomination Committee with effect from 1 September 2022, as he wishes to focus on his other businesses. The Board appointed Mr. Lin Lichao and Mr. Bin Zhichao as independent non-executive Directors with effect from 1 September 2022 until the next annual general meeting. They have also been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee, with Mr. Lin Lichao being appointed as the Chairman of both theRemuneration Committee and the Nomination Committee, with effect from 1 September 2022. Mr. Lin Lichao, aged 44, graduated from the Accounting Department of Guangdong University ofForeign Studies in 1999. From 2000 to 2009, he worked in Shenzhen Qiaoshe Industrial Co. Ltd. as Head of Planning and Finance Department and Finance Manager; from 2009 to 2011, he worked for China South City Holdings Limited and subsequently Greater China International Group as their respective group's financial managers; from 2011 to 2018, he worked in Glory Sun Land Group Limited as Finance Manager and Domestic Chief Financial Officer, Head of ESG Working Group in the People's Republic of China; and he has been working in Shenzhen Eaton Group Holdings Company Limited as Chief Financial Officer since 2019. Mr. Lin has over 20 years of work and management experience in accounting, financial management, taxation, mergers and acquisitions. Mr. Lin is a certified public accountant in the PRC and is familiar with the PRC accounting and taxation related laws and regulations, as well as listed companies andsecurities related regulations. Mr. Bin Zhichao, aged 33, graduated from the Law Department of Wuhan University in 2010 and worked for Guohai Securities Co. Ltd. from 2010 to 2014; he worked for Guangxi Financial Investment Group from 2014 to 2018 and was responsible for the investment banking department of the head office and the investment work of its subsidiaries; from 2018 to 2019, he worked for Beijing Shengshijing Asset Management Co. Ltd. as the person in charge of project development in Guangxi; since 2019, he has been working as a freelance business consultant. Mr. Bin has extensive experience in general financial business and is familiar with the management operation and investment risk control of corporate and private equity funds.分析記事 • Sep 01There Are Reasons To Feel Uneasy About Launch Tech's (HKG:2488) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Reported Earnings • Aug 30First half 2022 earnings released: EPS: CN¥0.095 (vs CN¥0.11 in 1H 2021)First half 2022 results: EPS: CN¥0.095 (down from CN¥0.11 in 1H 2021). Revenue: CN¥549.3m (down 14% from 1H 2021). Net income: CN¥41.2m (down 12% from 1H 2021). Profit margin: 7.5% (up from 7.3% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Aug 12Launch Tech Company Limited to Report First Half, 2022 Results on Aug 29, 2022Launch Tech Company Limited announced that they will report first half, 2022 results on Aug 29, 2022お知らせ • Jun 30Launch Tech Company Limited Announces Retirement of Liu Yuan as an Independent Non-Executive DirectorThe board of directors of Launch Tech Company Limited announced that the term of office of Mr. Liu Yuan serving as an independent non-executive Director of the Company will expire immediately after the conclusion of the annual general meeting to be held on 30 June 2022. He would like to change his plan and has advised the Board that he declined to be re-appointed as an independent non-executive Director by the shareholders by way of poll.Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improved over the past weekAfter last week's 21% share price gain to HK$2.77, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Auto Components industry in Hong Kong. Total loss to shareholders of 51% over the past three years.お知らせ • Jun 03+ 1 more updateLaunch Tech Company Limited Announces Resignation of Ms. Zhang Yan as Independent Non-Executive DirectorThe Board of directors of Launch Tech Company Limited announced that Ms. Zhang Yan has resigned as an independent non-executive Director of the Company with effect from 2 June 2022.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Supervisor ZhiWei Lei was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 01Full year 2021 earnings releasedFull year 2021 results: Revenue: CN¥1.34b (up 26% from FY 2020). Net income: CN¥92.4m (up CN¥212.8m from FY 2020). Profit margin: 6.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue.お知らせ • Jan 30+ 1 more updateLaunch Tech Company Limited Announces Executive ChangesThe Board of directors of Launch Tech Company Limited announced that Mr. Liu Jun has resigned as an executive Director of the Company with effect from 28 January 2022, as he wishes to focus on his other personal business development which requires more of his dedication. Mr. Liu Jun confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignations that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would cease to act as an authorised representative of the Company (the Authorised Representative) under Rule 3.05 of the Listing Rules. The Board announced that Mr. Liu Xin has taken the place of Mr. Liu Jun to act as the Authorised Representative, together with Mr. Liu Chun Ming, FCCA, with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would also cease to act as an authorised representative of the Company for accepting service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (the Service Agent). The Board announced that Mr. Liu Xin has been appointed as the Service Agent in place of Mr. Liu Jun and act as the Service Agent together with Mr. Liu Chun Ming, FCCA with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would also cease to act as the compliance officer of the Company, and Mr. Liu Xin has been appointed as the compliance officer of the Company in place of Mr. Liu Jun with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director, Mr. Liu Jun has ceased to act as a member of the Remuneration Committee, and Mr. Liu Xin has been appointed as a member of the Remuneration Committee in place of Mr. Liu Jun. With effect from 28 January 2022.Reported Earnings • Sep 03First half 2021 earnings released: EPS CN¥0.11 (vs CN¥0.06 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥641.6m (up 64% from 1H 2020). Net income: CN¥46.8m (up CN¥72.7m from 1H 2020). Profit margin: 7.3% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.Reported Earnings • May 01Full year 2020 earnings released: CN¥0.28 loss per share (vs CN¥0.31 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥1.07b (up 14% from FY 2019). Net loss: CN¥120.5m (loss narrowed 12% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 02Full year 2020 earnings releasedThe company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥1.07b (up 14% from FY 2019). Net loss: CN¥120.5m (loss narrowed 12% from FY 2019).お知らせ • Mar 18Launch Tech Company Limited to Report Fiscal Year 2020 Results on Mar 31, 2021Launch Tech Company Limited announced that they will report fiscal year 2020 results on Mar 31, 2021 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Launch Tech は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測SEHK:2488 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20252,109344428482N/A9/30/20252,039363431496N/A6/30/20251,969382434510N/A3/31/20251,926361375450N/A12/31/20241,882340316391N/A9/30/20241,827298N/AN/AN/A6/30/20241,772256N/AN/AN/A3/31/20241,685213N/AN/AN/A12/31/20231,59816977164N/A9/30/20231,474260N/AN/AN/A6/30/20231,349352N/AN/AN/A3/31/20231,263340N/AN/AN/A12/31/20221,177328971N/A9/30/20221,215207N/AN/AN/A6/30/20221,25387N/AN/AN/A3/31/20221,29990N/AN/AN/A12/31/20211,34592-63-14N/A9/30/20211,33222N/AN/AN/A6/30/20211,320-48N/AN/AN/A3/31/20211,194-84N/AN/AN/A12/31/20201,069-120158204N/A9/30/2020989-161N/AN/AN/A6/30/2020908-202N/AN/AN/A3/31/2020925-169N/AN/AN/A1/1/2020942-13732126N/A10/1/2019996-30N/AN/AN/A6/30/20191,05077N/AN/AN/A3/31/20191,04968N/AN/AN/A1/1/20191,04959N/A76N/A10/1/201898148N/AN/AN/A6/30/201891437N/AN/AN/A3/31/201894649N/AN/AN/A12/31/201797860N/A157N/A9/30/201795272N/AN/AN/A6/30/201792684N/AN/AN/A3/31/201788153N/AN/AN/A12/31/201683521N/A108N/A9/30/2016796-32N/AN/AN/A6/30/2016757-86N/AN/AN/A3/31/2016727-90N/AN/AN/A12/31/2015698-94N/A-76N/A9/30/2015703-86N/AN/AN/A6/30/2015707-78N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 2488の予測収益成長が 貯蓄率 ( 3% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 2488の収益がHong Kong市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 2488の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 2488の収益がHong Kong市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 2488の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 2488の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YAutomobiles 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 21:53終値2026/06/09 00:00収益2025/12/31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Launch Tech Company Limited 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 • Jul 23Launch Tech Company Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023Launch Tech Company Limited provided group earnings guidance for the six months ended 30 June 2023. For the period, the group is expected to record a net profit of approximately RMB 60 million, representing an approximately 50% growth over the RMB 40 million of last comparative period.
Recent Insider Transactions • May 14Founder recently bought HK$91m worth of stockOn the 8th of May, Xin Liu bought around 79m shares on-market at roughly HK$1.15 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Xin's only on-market trade for the last 12 months.
お知らせ • Apr 25Launch Tech Company Limited Approves Cash Dividend for Year Ended 31 December 2025Launch Tech Company Limited in the AGM held on 24 April 2026, approved the profit distribution plan for the year ended 31 December 2025, A cash dividend of RMB 0.41 per share, inclusive of applicable taxes.
Upcoming Dividend • Apr 21Upcoming dividend of HK$0.47 per shareEligible shareholders must have bought the stock before 28 April 2026. Payment date: 22 May 2026. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 9.6%. Within top quartile of Hong Kong dividend payers (6.7%). Higher than average of industry peers (3.1%).
お知らせ • Apr 02Launch Tech Company Limited, Annual General Meeting, Apr 24, 2026Launch Tech Company Limited, Annual General Meeting, Apr 24, 2026, at 15:00 China Standard Time. Location: 10/f r&d block, launch industrial park, no. 4012 north of wuhe road, bantian street, longgang district, shenzhen., China
Declared Dividend • Mar 27Final dividend of HK$0.47 announcedShareholders will receive a dividend of HK$0.47. Ex-date: 28th April 2026 Payment date: 22nd May 2026 Dividend yield will be 9.7%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 16% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 26Full year 2025 earnings releasedFull year 2025 results: Revenue: CN¥2.11b (up 12% from FY 2024). Net income: CN¥344.3m (up 1.4% from FY 2024). Profit margin: 16% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses.
分析記事 • Mar 24Is Now The Time To Put Launch Tech (HKG:2488) On Your Watchlist?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
お知らせ • Mar 13Launch Tech Company Limited to Report Fiscal Year 2025 Results on Mar 25, 2026Launch Tech Company Limited announced that they will report fiscal year 2025 results on Mar 25, 2026
New Risk • Mar 13New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Sep 01We Think That There Are Issues Underlying Launch Tech's (HKG:2488) EarningsDespite posting some strong earnings, the market for Launch Tech Company Limited's ( HKG:2488 ) stock hasn't moved...
分析記事 • Aug 22Investors Holding Back On Launch Tech Company Limited (HKG:2488)SEHK:2488 1 Year Share Price vs Fair Value Explore Launch Tech's Fair Values from the Community and select yours With a...
Reported Earnings • Aug 06First half 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.37 in 1H 2024)First half 2025 results: EPS: CN¥0.47 (up from CN¥0.37 in 1H 2024). Revenue: CN¥981.7m (down 1.7% from 1H 2024). Net income: CN¥194.7m (up 28% from 1H 2024). Profit margin: 20% (up from 15% in 1H 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Aug 06First half dividend of HK$0.34 announcedShareholders will receive a dividend of HK$0.34. Ex-date: 15th August 2025 Payment date: 12th September 2025 Dividend yield will be 6.8%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 19% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Aug 04Launch Tech Company Limited Announces Interim Dividend for the Six Months Ended 30 June, 2025, Payable on 12 September 2025Launch Tech Company Limited announced interim dividend of RMB 0.31 per share for the six months ended 30 June, 2025. Ex-dividend date is 15 August 2025. Record date is 22 August 2025. Payment date is 12 September 2025.
分析記事 • Jul 29Is Now The Time To Put Launch Tech (HKG:2488) On Your Watchlist?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
お知らせ • Jul 21Launch Tech Company Limited to Report First Half, 2025 Results on Aug 04, 2025Launch Tech Company Limited announced that they will report first half, 2025 results on Aug 04, 2025
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to HK$14.62, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 11x in the Auto Components industry in Hong Kong. Total returns to shareholders of 581% over the past three years.
分析記事 • Jul 11Launch Tech (HKG:2488) Is Very Good At Capital AllocationIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd...
分析記事 • May 18After Leaping 30% Launch Tech Company Limited (HKG:2488) Shares Are Not Flying Under The RadarDespite an already strong run, Launch Tech Company Limited ( HKG:2488 ) shares have been powering on, with a gain of...
Valuation Update With 7 Day Price Move • May 12Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$12.50, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 9x in the Auto Components industry in Hong Kong. Total returns to shareholders of 591% over the past three years.
お知らせ • Apr 26Launch Tech Company Limited Approves Plan of Profit Distribution for the Year Ended 31 December 2024Launch Tech Company Limited at the AGM held on 25 April 2025 approved the plan of profit distribution for the year ended 31 December 2024. A payment of Cash Dividends of RMB 0.45 per Share (inclusive of applicable tax) is proposed.
Upcoming Dividend • Apr 22Upcoming dividend of HK$0.49 per shareEligible shareholders must have bought the stock before 29 April 2025. Payment date: 23 May 2025. Payout ratio and cash payout ratio are on the higher end at 80% and 85% respectively. Trailing yield: 7.1%. Lower than top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (4.3%).
分析記事 • Apr 18Shareholders Will Probably Hold Off On Increasing Launch Tech Company Limited's (HKG:2488) CEO Compensation For The Time BeingKey Insights Launch Tech will host its Annual General Meeting on 25th of April CEO Louis Liu's total compensation...
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to HK$9.60, the stock trades at a trailing P/E ratio of 11.1x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 412% over the past three years.
New Risk • Apr 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 11% 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 (11% average weekly change).
お知らせ • Apr 03Launch Tech Company Limited, Annual General Meeting, Apr 25, 2025Launch Tech Company Limited, Annual General Meeting, Apr 25, 2025, at 10:00 China Standard Time. Location: 10/f r&d block, launch industrial park, no. 4012 north of wuhe road, bantian street, longgang district, shenzhen, prc., China
分析記事 • Mar 30Market Participants Recognise Launch Tech Company Limited's (HKG:2488) Earnings Pushing Shares 26% HigherLaunch Tech Company Limited ( HKG:2488 ) shares have continued their recent momentum with a 26% gain in the last month...
Reported Earnings • Mar 26Full year 2024 earnings released: EPS: CN¥0.82 (vs CN¥0.39 in FY 2023)Full year 2024 results: EPS: CN¥0.82 (up from CN¥0.39 in FY 2023). Revenue: CN¥1.88b (up 18% from FY 2023). Net income: CN¥339.5m (up 101% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Auto Components industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$11.30, the stock trades at a trailing P/E ratio of 17x. Average forward P/E is 8x in the Auto Components industry in Hong Kong. Total returns to shareholders of 440% over the past three years.
お知らせ • Mar 13Launch Tech Company Limited to Report Fiscal Year 2024 Results on Mar 25, 2025Launch Tech Company Limited announced that they will report fiscal year 2024 results on Mar 25, 2025
New Risk • Mar 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin).
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$9.89, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 266% over the past three years.
分析記事 • Dec 29Launch Tech Company Limited (HKG:2488) Stock Rockets 28% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, Launch Tech Company Limited ( HKG:2488 ) shares have been powering on, with a gain of...
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$7.90, the stock trades at a trailing P/E ratio of 12x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 263% over the past three years.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 26%After last week's 26% share price gain to HK$6.55, the stock trades at a trailing P/E ratio of 9.9x. Average forward P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 196% over the past three years.
分析記事 • Nov 13Launch Tech Company Limited's (HKG:2488) Share Price Not Quite Adding UpWith a median price-to-earnings (or "P/E") ratio of close to 10x in Hong Kong, you could be forgiven for feeling...
Buy Or Sell Opportunity • Nov 13Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to HK$6.21. The fair value is estimated to be HK$5.00, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable.
分析記事 • Oct 14We Think Launch Tech (HKG:2488) Can Stay On Top Of Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Buy Or Sell Opportunity • Oct 07Now 26% overvalued after recent price riseOver the last 90 days, the stock has risen 58% to HK$6.13. The fair value is estimated to be HK$4.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable.
分析記事 • Sep 24Shareholders Would Enjoy A Repeat Of Launch Tech's (HKG:2488) Recent Growth In ReturnsDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
Reported Earnings • Aug 26First half 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.15 in 1H 2023)First half 2024 results: EPS: CN¥0.37 (up from CN¥0.15 in 1H 2023). Revenue: CN¥999.0m (up 39% from 1H 2023). Net income: CN¥152.5m (up 134% from 1H 2023). Profit margin: 15% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improves as stock rises 25%After last week's 25% share price gain to HK$5.42, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 6x in the Auto Components industry in Hong Kong. Total returns to shareholders of 88% over the past three years.
分析記事 • Aug 15Launch Tech's (HKG:2488) Shareholders Will Receive A Smaller Dividend Than Last YearLaunch Tech Company Limited's ( HKG:2488 ) dividend is being reduced from last year's payment covering the same period...
Reported Earnings • Aug 11First half 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.15 in 1H 2023)First half 2024 results: EPS: CN¥0.37 (up from CN¥0.15 in 1H 2023). Revenue: CN¥999.0m (up 39% from 1H 2023). Net income: CN¥152.5m (up 134% from 1H 2023). Profit margin: 15% (up from 9.0% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 26Launch Tech Company Limited to Report Q2, 2024 Results on Aug 09, 2024Launch Tech Company Limited announced that they will report Q2, 2024 results on Aug 09, 2024
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improves as stock rises 22%After last week's 22% share price gain to HK$3.83, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total returns to shareholders of 3.7% over the past three years.
分析記事 • Jun 21Returns On Capital Are Showing Encouraging Signs At Launch Tech (HKG:2488)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Jun 21Earnings Not Telling The Story For Launch Tech Company Limited (HKG:2488) After Shares Rise 37%Launch Tech Company Limited ( HKG:2488 ) shares have continued their recent momentum with a 37% gain in the last month...
Valuation Update With 7 Day Price Move • May 29Investor sentiment improves as stock rises 17%After last week's 17% share price gain to HK$3.28, the stock trades at a trailing P/E ratio of 7.5x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total loss to shareholders of 1.6% over the past three years.
お知らせ • May 15Launch Tech Company Limited Approves Cash Dividend for the Year Ended 31 December 2023Launch Tech Company Limited at its AGM held on 14 May 2024, approved payment of Cash Dividends of RMB 0.24 per Share (inclusive of applicable tax) for the year ended 31 December 2023.
Upcoming Dividend • May 10Upcoming dividend of HK$0.26 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 12 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 18%. Within top quartile of Hong Kong dividend payers (7.8%). Higher than average of industry peers (3.8%).
お知らせ • Apr 21Launch Tech Company Limited, Annual General Meeting, May 14, 2024Launch Tech Company Limited, Annual General Meeting, May 14, 2024, at 11:00 China Standard Time. Location: 10/F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District, Shanzhen China Agenda: To consider and approve the Directors' report for the year ended 31 December 2023; to consider and approve the Supervisory Committee's report for the year ended 31 December 2023; to consider and approve the audited financial statements and the report of the auditors of the Company for the year ended 31 December 2023; and to discuss other matters.
分析記事 • Apr 04Launch Tech's (HKG:2488) Conservative Accounting Might Explain Soft EarningsLaunch Tech Company Limited's ( HKG:2488 ) recent soft profit numbers didn't appear to worry shareholders, as the stock...
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment improves as stock rises 38%After last week's 38% share price gain to HK$2.73, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 7x in the Auto Components industry in Hong Kong. Total loss to shareholders of 29% over the past three years.
分析記事 • Apr 02Launch Tech Company Limited's (HKG:2488) Shares Bounce 68% But Its Business Still Trails The MarketLaunch Tech Company Limited ( HKG:2488 ) shares have had a really impressive month, gaining 68% after a shaky period...
New Risk • Apr 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 14% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Cash payout ratio: 122% Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin).
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.76 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (down from CN¥0.76 in FY 2022). Revenue: CN¥1.60b (up 36% from FY 2022). Net income: CN¥168.9m (down 49% from FY 2022). Profit margin: 11% (down from 28% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
お知らせ • Mar 28Launch Tech Company Limited Announces Interim Dividend for the Year Ended 31 December 2023Launch Tech Company Limited announced interim dividend for the Year Ended 31 December 2023 of RMB 0.24 per share.
お知らせ • Mar 16Launch Tech Company Limited to Report Fiscal Year 2023 Results on Mar 28, 2024Launch Tech Company Limited announced that they will report fiscal year 2023 results on Mar 28, 2024
分析記事 • Mar 01Launch Tech (HKG:2488) Has More To Do To Multiply In Value Going ForwardWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
お知らせ • Dec 12Launch Tech Company Limited Announces Board and Committee ChangesThe Board of directors of Launch Tech Company Limited announced that Mr. Lin Lichao has resigned as an independent non-executive Director and his positions at the Audit Committee, Remuneration Committee and Nomination Committee with effect from 12 December 2023, as he wishes to focus on his other personal job arrangements. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR: In accordance with Article 97 of the Company's articles of association, which states that "Any directors appointed by the Board of Directors to fill a casual vacancy on or as an addition to the Board of Directors shall hold office only until the next annual general meeting of the Company and shall then be eligible for re-election", the Board appointed Ms. He Xujin as independent non-executive Director with effect from 12 December 2023 until the next annual general meeting. She has also been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee, and been appointed as the Chairman of both the Remuneration Committee and the Nomination Committee, with effect from 12 December 2023. The biographical details of Ms. He Xujin are set out below:- Ms. He Xujin, aged 46, graduated from the International Tade Department of Guangdong University of Finance and Economics in 2000. From 2000 to 2005, she worked in VTech (Dongguan) Electronics Technology Limited as an deputy manager of the project management department; from 2005 to 2009, she worked for Jabil Circuit (Guangzhou) Ltd. (US JBL) as an deputy manager of the business division; from 2009 to 2019, she worked for Viasystems EMS (Shenzhen) Co. Ltd. (US TTMI) as an director of the project management department; from 2009 to 2022, she served as Shenzhen Kinwong Electronic Co. Ltd. as a director of the marketing department; and has been serving in Lingyange Semiconductor Inc. in Zhuhai as a senior director of marketing department since 2022. Ms. He has over 20 years of work and management experience in sales management, project management, business division management and marketing. She is familiar with various processes in electronic industrial chains, and has profound understanding in circuit board ("PCB") manufacturing and electronic foundry services.
分析記事 • Nov 22Launch Tech's (HKG:2488) Returns Have Hit A WallDid you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...
New Risk • Nov 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$740.1m (US$94.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (HK$740.1m market cap, or US$94.9m).
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to HK$2.04, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 11x in the Auto Components industry in Hong Kong. Total loss to shareholders of 30% over the past three years.
Upcoming Dividend • Aug 15Upcoming dividend of HK$0.37 per share at 29% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 29 September 2023. Trailing yield: 29%. Within top quartile of Hong Kong dividend payers (7.7%). Higher than average of industry peers (3.5%).
New Risk • Aug 14New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 31x cash flows per share. Dividend yield: 29% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 31x cash flows per share). Share price has been volatile over the past 3 months (10% average weekly change).
Reported Earnings • Aug 13First half 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.095 in 1H 2022)First half 2023 results: EPS: CN¥0.15 (up from CN¥0.095 in 1H 2022). Revenue: CN¥721.2m (up 31% from 1H 2022). Net income: CN¥65.0m (up 58% from 1H 2022). Profit margin: 9.0% (up from 7.5% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% 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 • Aug 10Launch Tech Company Limited Announces Ordinary Interim Dividend for the Six Months Ended June 30, 2023, Payable on 29 September 2023Launch Tech Company Limited announced ordinary interim dividend of RMB 0.34 per share for the six months ended June 30, 2023. Ex-dividend date is 22 August 2023. Record date is 29 August 2023. Payment date is 29 September 2023.
お知らせ • Jul 28Launch Tech Company Limited to Report First Half, 2023 Results on Aug 09, 2023Launch Tech Company Limited announced that they will report first half, 2023 results on Aug 09, 2023
お知らせ • Jul 23Launch Tech Company Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023Launch Tech Company Limited provided group earnings guidance for the six months ended 30 June 2023. For the period, the group is expected to record a net profit of approximately RMB 60 million, representing an approximately 50% growth over the RMB 40 million of last comparative period.
分析記事 • Jul 11Some Investors May Be Worried About Launch Tech's (HKG:2488) Returns On CapitalWhat financial metrics can indicate to us that a company is maturing or even in decline? Typically, we'll see the trend...
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 20%After last week's 20% share price gain to HK$2.22, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 12x in the Auto Components industry in Hong Kong. Total loss to shareholders of 25% over the past three years.
New Risk • Jun 22New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: HK$778.0m (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$778.0m market cap, or US$99.3m).
分析記事 • Jun 05Here's Why Launch Tech (HKG:2488) Can Manage Its Debt ResponsiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jun 03Launch Tech Company Limited, Annual General Meeting, Jun 28, 2023Launch Tech Company Limited, Annual General Meeting, Jun 28, 2023, at 10:00 China Standard Time. Location: 10/F R&D Block, Launch Industrial Park, No. 4012 North of Wuhe Road, Bantian Street, Longgang District Shen Zhen China Agenda: To consider and approve the Directors' report for the year ended 31 December 2022; to consider and approve the Supervisory Committee's report for the year ended 31 December 2022; to consider and approve the audited financial statements and the report of the auditors of the Company for the year ended 31 December 2022; to consider and re-appoint Da Hua Certified Public Accountants as the independent auditor of the Company and to authorize the board of Directors to fix their remuneration; to consider and approve the re-appointment of Ms. Huang Zhao Huan as the Company's executive director and authorize the Board to fix her remuneration; and to transact other business.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 19%After last week's 19% share price gain to HK$2.13, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total loss to shareholders of 44% over the past three years.
分析記事 • Apr 06Launch Tech (HKG:2488) Strong Profits May Be Masking Some Underlying IssuesLaunch Tech Company Limited's ( HKG:2488 ) robust recent earnings didn't do much to move the stock. However the...
分析記事 • Mar 30Launch Tech (HKG:2488) Will Be Hoping To Turn Its Returns On Capital AroundIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Reported Earnings • Mar 30Full year 2022 earnings released: EPS: CN¥0.76 (vs CN¥0.21 in FY 2021)Full year 2022 results: EPS: CN¥0.76 (up from CN¥0.21 in FY 2021). Revenue: CN¥1.18b (down 13% from FY 2021). Net income: CN¥328.0m (up 255% from FY 2021). Profit margin: 28% (up from 6.9% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jan 20Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$2.37, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Negligible returns to shareholders over past three years.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to HK$2.70, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Auto Components industry in Hong Kong. Total loss to shareholders of 13% over the past three years.
分析記事 • Dec 06Returns On Capital Signal Tricky Times Ahead For Launch Tech (HKG:2488)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Directors Lichao Lin 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.
Valuation Update With 7 Day Price Move • Oct 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to HK$2.33, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 14x in the Auto Components industry in Hong Kong. Total loss to shareholders of 37% over the past three years.
お知らせ • Sep 02Launch Tech Company Limited Announces Management ChangesThe Board of directors of Launch Tech Company Limited announced that Mr. Ning Bo has resigned as an independent non-executive Director and his positions at the Audit Committee, Remuneration Committee and Nomination Committee with effect from 1 September 2022, as he wishes to focus on his other businesses. The Board appointed Mr. Lin Lichao and Mr. Bin Zhichao as independent non-executive Directors with effect from 1 September 2022 until the next annual general meeting. They have also been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee, with Mr. Lin Lichao being appointed as the Chairman of both theRemuneration Committee and the Nomination Committee, with effect from 1 September 2022. Mr. Lin Lichao, aged 44, graduated from the Accounting Department of Guangdong University ofForeign Studies in 1999. From 2000 to 2009, he worked in Shenzhen Qiaoshe Industrial Co. Ltd. as Head of Planning and Finance Department and Finance Manager; from 2009 to 2011, he worked for China South City Holdings Limited and subsequently Greater China International Group as their respective group's financial managers; from 2011 to 2018, he worked in Glory Sun Land Group Limited as Finance Manager and Domestic Chief Financial Officer, Head of ESG Working Group in the People's Republic of China; and he has been working in Shenzhen Eaton Group Holdings Company Limited as Chief Financial Officer since 2019. Mr. Lin has over 20 years of work and management experience in accounting, financial management, taxation, mergers and acquisitions. Mr. Lin is a certified public accountant in the PRC and is familiar with the PRC accounting and taxation related laws and regulations, as well as listed companies andsecurities related regulations. Mr. Bin Zhichao, aged 33, graduated from the Law Department of Wuhan University in 2010 and worked for Guohai Securities Co. Ltd. from 2010 to 2014; he worked for Guangxi Financial Investment Group from 2014 to 2018 and was responsible for the investment banking department of the head office and the investment work of its subsidiaries; from 2018 to 2019, he worked for Beijing Shengshijing Asset Management Co. Ltd. as the person in charge of project development in Guangxi; since 2019, he has been working as a freelance business consultant. Mr. Bin has extensive experience in general financial business and is familiar with the management operation and investment risk control of corporate and private equity funds.
分析記事 • Sep 01There Are Reasons To Feel Uneasy About Launch Tech's (HKG:2488) Returns On CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Reported Earnings • Aug 30First half 2022 earnings released: EPS: CN¥0.095 (vs CN¥0.11 in 1H 2021)First half 2022 results: EPS: CN¥0.095 (down from CN¥0.11 in 1H 2021). Revenue: CN¥549.3m (down 14% from 1H 2021). Net income: CN¥41.2m (down 12% from 1H 2021). Profit margin: 7.5% (up from 7.3% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Aug 12Launch Tech Company Limited to Report First Half, 2022 Results on Aug 29, 2022Launch Tech Company Limited announced that they will report first half, 2022 results on Aug 29, 2022
お知らせ • Jun 30Launch Tech Company Limited Announces Retirement of Liu Yuan as an Independent Non-Executive DirectorThe board of directors of Launch Tech Company Limited announced that the term of office of Mr. Liu Yuan serving as an independent non-executive Director of the Company will expire immediately after the conclusion of the annual general meeting to be held on 30 June 2022. He would like to change his plan and has advised the Board that he declined to be re-appointed as an independent non-executive Director by the shareholders by way of poll.
Valuation Update With 7 Day Price Move • Jun 23Investor sentiment improved over the past weekAfter last week's 21% share price gain to HK$2.77, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 12x in the Auto Components industry in Hong Kong. Total loss to shareholders of 51% over the past three years.
お知らせ • Jun 03+ 1 more updateLaunch Tech Company Limited Announces Resignation of Ms. Zhang Yan as Independent Non-Executive DirectorThe Board of directors of Launch Tech Company Limited announced that Ms. Zhang Yan has resigned as an independent non-executive Director of the Company with effect from 2 June 2022.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Supervisor ZhiWei Lei was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 01Full year 2021 earnings releasedFull year 2021 results: Revenue: CN¥1.34b (up 26% from FY 2020). Net income: CN¥92.4m (up CN¥212.8m from FY 2020). Profit margin: 6.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue.
お知らせ • Jan 30+ 1 more updateLaunch Tech Company Limited Announces Executive ChangesThe Board of directors of Launch Tech Company Limited announced that Mr. Liu Jun has resigned as an executive Director of the Company with effect from 28 January 2022, as he wishes to focus on his other personal business development which requires more of his dedication. Mr. Liu Jun confirmed that he has no disagreement with the Board and that there is no other matter in relation to his resignations that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would cease to act as an authorised representative of the Company (the Authorised Representative) under Rule 3.05 of the Listing Rules. The Board announced that Mr. Liu Xin has taken the place of Mr. Liu Jun to act as the Authorised Representative, together with Mr. Liu Chun Ming, FCCA, with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would also cease to act as an authorised representative of the Company for accepting service of process and notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (the Service Agent). The Board announced that Mr. Liu Xin has been appointed as the Service Agent in place of Mr. Liu Jun and act as the Service Agent together with Mr. Liu Chun Ming, FCCA with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director and the chief executive officer of the Company, he would also cease to act as the compliance officer of the Company, and Mr. Liu Xin has been appointed as the compliance officer of the Company in place of Mr. Liu Jun with effect from 28 January 2022. Following the resignation of Mr. Liu Jun as an executive Director, Mr. Liu Jun has ceased to act as a member of the Remuneration Committee, and Mr. Liu Xin has been appointed as a member of the Remuneration Committee in place of Mr. Liu Jun. With effect from 28 January 2022.
Reported Earnings • Sep 03First half 2021 earnings released: EPS CN¥0.11 (vs CN¥0.06 loss in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CN¥641.6m (up 64% from 1H 2020). Net income: CN¥46.8m (up CN¥72.7m from 1H 2020). Profit margin: 7.3% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 01Full year 2020 earnings released: CN¥0.28 loss per share (vs CN¥0.31 loss in FY 2019)The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥1.07b (up 14% from FY 2019). Net loss: CN¥120.5m (loss narrowed 12% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 02Full year 2020 earnings releasedThe company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥1.07b (up 14% from FY 2019). Net loss: CN¥120.5m (loss narrowed 12% from FY 2019).
お知らせ • Mar 18Launch Tech Company Limited to Report Fiscal Year 2020 Results on Mar 31, 2021Launch Tech Company Limited announced that they will report fiscal year 2020 results on Mar 31, 2021