View ValuationChengdu M&S Electronics TechnologyLtd 향후 성장Future 기준 점검 5/6Chengdu M&S Electronics TechnologyLtd (는) 각각 연간 72.2% 및 33.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 72.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10% 로 예상됩니다.핵심 정보72.2%이익 성장률72.45%EPS 성장률Aerospace & Defense 이익 성장29.8%매출 성장률33.4%향후 자기자본이익률10.03%애널리스트 커버리지Low마지막 업데이트22 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • 10hNow 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to CN¥30.60. The fair value is estimated to be CN¥39.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.Board Change • May 20Less 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. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jian Feng was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 22Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 13, 2026Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China공시 • Mar 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공시 • Dec 26Chengdu M&S Electronics Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026공시 • Dec 11Sichuan Development Leading Capital Management Co., Ltd. completed the acquisition of 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong.Sichuan Development Leading Capital Management Co., Ltd. agreed to acquire 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong for approximately CNY 320 million on October 16, 2025. Sichuan Development Leading Capital Management Co., Ltd. completed the acquisition of 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong on December 9, 2025.공시 • Sep 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025공시 • Jun 30Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025공시 • Apr 30Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 22, 2025Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 22, 2025, at 14:00 China Standard Time.공시 • Mar 28Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025공시 • Dec 27Chengdu M&S Electronics Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.53 loss per share (vs CN¥0.80 loss in 3Q 2023)Third quarter 2024 results: CN¥0.53 loss per share. Revenue: CN¥7.03m (down 82% from 3Q 2023). Net loss: CN¥84.6m (loss widened 333% from 3Q 2023). Revenue is forecast to grow 92% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China.공시 • Sep 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024Reported Earnings • Aug 29Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.31 profit in 2Q 2023)Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.31 profit in 2Q 2023). Revenue: CN¥65.7m (down 66% from 2Q 2023). Net loss: CN¥21.3m (down 142% from profit in 2Q 2023). Revenue is forecast to grow 82% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China.공시 • Jun 28Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024공시 • Apr 29Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 17, 2024Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan ChinaReported Earnings • Apr 28Full year 2023 earnings released: CN¥0.43 loss per share (vs CN¥0.16 profit in FY 2022)Full year 2023 results: CN¥0.43 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥331.3m (down 31% from FY 2022). Net loss: CN¥56.3m (down 317% from profit in FY 2022). Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China.공시 • Mar 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024Reported Earnings • Feb 29Full year 2023 earnings released: CN¥0.40 loss per share (vs CN¥0.16 profit in FY 2022)Full year 2023 results: CN¥0.40 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥334.4m (down 30% from FY 2022). Net loss: CN¥52.6m (down 303% from profit in FY 2022). Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 25Third quarter 2023 earnings released: CN¥0.80 loss per share (vs CN¥0.001 loss in 3Q 2022)Third quarter 2023 results: CN¥0.80 loss per share (further deteriorated from CN¥0.001 loss in 3Q 2022). Revenue: CN¥40.0m (down 62% from 3Q 2022). Net loss: CN¥19.5m (loss widened CN¥19.4m from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.New Risk • Aug 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 106% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.0% net profit margin).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.20 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥193.0m (up 66% from 2Q 2022). Net income: CN¥50.6m (up 125% from 2Q 2022). Profit margin: 26% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin).공시 • Jun 28Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023Reported Earnings • Apr 30Full year 2022 earnings released: EPS: CN¥0.23 (vs CN¥1.18 in FY 2021)Full year 2022 results: EPS: CN¥0.23 (down from CN¥1.18 in FY 2021). Revenue: CN¥478.9m (flat on FY 2021). Net income: CN¥26.0m (down 81% from FY 2021). Profit margin: 5.4% (down from 28% in FY 2021).Board Change • Mar 14Less 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. 6 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xianzheng Zong was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.이익 및 매출 성장 예측XSSC:688311 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,443268N/A318112/31/2027966171N/A90212/31/2026779106N/A34413/31/2026516-17160180N/A12/31/2025525-16190206N/A9/30/2025301-192-69N/A6/30/2025179-266-78-61N/A3/31/2025146-265-259-245N/A12/31/2024139-272-352-302N/A9/30/2024144-195-185-119N/A6/30/2024177-130-181-98N/A3/31/2024304-59-180-70N/A12/31/2023331-56-223-86N/A9/30/202352028-12461N/A6/30/202358447-91128N/A3/31/202350819-16779N/A12/31/202247926-26941N/A9/30/202247493-32820N/A6/30/202243597-355-24N/A3/31/2022468121-326-35N/A12/31/2021476134-11678N/A9/30/2021485123-6763N/A6/30/2021474122-9255N/A3/31/2021428114-7375N/A12/31/2020423107-6369N/A9/30/202033486-125-6N/A6/30/202032186-7011N/A3/31/202029575-6030N/A12/31/201928373N/A27N/A12/31/201820232N/A51N/A12/31/20171615N/A48N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688311 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(2.4%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 688311 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 688311 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 688311 의 수익(연간 33.4%)이 CN 시장(연간 16.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 688311 의 수익(연간 33.4%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688311의 자본 수익률은 3년 후 10%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 04:04종가2026/05/26 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Chengdu M&S Electronics Technology Co.,Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Chenshuo FuCitic Securities Co., Ltd.Chao HuaGuosen Securities Co., Ltd.Xing WangHuatai Research2명의 분석가 더 보기
Buy Or Sell Opportunity • 10hNow 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 34% to CN¥30.60. The fair value is estimated to be CN¥39.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making.
Board Change • May 20Less 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. 8 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jian Feng was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 22Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 13, 2026Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China
공시 • Mar 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공시 • Dec 26Chengdu M&S Electronics Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026
공시 • Dec 11Sichuan Development Leading Capital Management Co., Ltd. completed the acquisition of 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong.Sichuan Development Leading Capital Management Co., Ltd. agreed to acquire 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong for approximately CNY 320 million on October 16, 2025. Sichuan Development Leading Capital Management Co., Ltd. completed the acquisition of 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong on December 9, 2025.
공시 • Sep 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025
공시 • Jun 30Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
공시 • Apr 30Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 22, 2025Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 22, 2025, at 14:00 China Standard Time.
공시 • Mar 28Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025
공시 • Dec 27Chengdu M&S Electronics Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.53 loss per share (vs CN¥0.80 loss in 3Q 2023)Third quarter 2024 results: CN¥0.53 loss per share. Revenue: CN¥7.03m (down 82% from 3Q 2023). Net loss: CN¥84.6m (loss widened 333% from 3Q 2023). Revenue is forecast to grow 92% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China.
공시 • Sep 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
Reported Earnings • Aug 29Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.31 profit in 2Q 2023)Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.31 profit in 2Q 2023). Revenue: CN¥65.7m (down 66% from 2Q 2023). Net loss: CN¥21.3m (down 142% from profit in 2Q 2023). Revenue is forecast to grow 82% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China.
공시 • Jun 28Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024
공시 • Apr 29Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 17, 2024Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China
Reported Earnings • Apr 28Full year 2023 earnings released: CN¥0.43 loss per share (vs CN¥0.16 profit in FY 2022)Full year 2023 results: CN¥0.43 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥331.3m (down 31% from FY 2022). Net loss: CN¥56.3m (down 317% from profit in FY 2022). Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China.
공시 • Mar 30Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
Reported Earnings • Feb 29Full year 2023 earnings released: CN¥0.40 loss per share (vs CN¥0.16 profit in FY 2022)Full year 2023 results: CN¥0.40 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥334.4m (down 30% from FY 2022). Net loss: CN¥52.6m (down 303% from profit in FY 2022). Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 25Third quarter 2023 earnings released: CN¥0.80 loss per share (vs CN¥0.001 loss in 3Q 2022)Third quarter 2023 results: CN¥0.80 loss per share (further deteriorated from CN¥0.001 loss in 3Q 2022). Revenue: CN¥40.0m (down 62% from 3Q 2022). Net loss: CN¥19.5m (loss widened CN¥19.4m from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
New Risk • Aug 25New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 106% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.0% net profit margin).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.20 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥193.0m (up 66% from 2Q 2022). Net income: CN¥50.6m (up 125% from 2Q 2022). Profit margin: 26% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin).
공시 • Jun 28Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023
Reported Earnings • Apr 30Full year 2022 earnings released: EPS: CN¥0.23 (vs CN¥1.18 in FY 2021)Full year 2022 results: EPS: CN¥0.23 (down from CN¥1.18 in FY 2021). Revenue: CN¥478.9m (flat on FY 2021). Net income: CN¥26.0m (down 81% from FY 2021). Profit margin: 5.4% (down from 28% in FY 2021).
Board Change • Mar 14Less 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. 6 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xianzheng Zong was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.