View Future GrowthIReader Technology 과거 순이익 실적과거 기준 점검 0/6IReader Technology 의 수입은 연평균 -70.4%의 비율로 감소해 온 반면, Software 산업은 연평균 10.5%의 비율로 감소했습니다. 매출은 연평균 8.6%의 비율로 증가해 왔습니다.핵심 정보-70.44%순이익 성장률-71.18%주당순이익(EPS) 성장률Software 산업 성장률4.57%매출 성장률8.61%자기자본이익률-5.77%순이익률-4.00%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • Apr 25Full year 2025 earnings released: CN¥0.40 loss per share (vs CN¥0.11 profit in FY 2024)Full year 2025 results: CN¥0.40 loss per share (down from CN¥0.11 profit in FY 2024). Revenue: CN¥3.24b (up 26% from FY 2024). Net loss: CN¥176.5m (down 458% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.공시 • Mar 30IReader Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IReader Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Dec 26IReader Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026IReader Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026Reported Earnings • Oct 31Third quarter 2025 earnings releasedThird quarter 2025 results: Net income: (down CN¥10.9m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025IReader Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Sep 02Second quarter 2025 earnings released: CN¥0.19 loss per share (vs CN¥0.058 profit in 2Q 2024)Second quarter 2025 results: CN¥0.19 loss per share (down from CN¥0.058 profit in 2Q 2024). Revenue: CN¥882.9m (up 35% from 2Q 2024). Net loss: CN¥85.9m (down 438% from profit in 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesReported Earnings • Apr 25Full year 2025 earnings released: CN¥0.40 loss per share (vs CN¥0.11 profit in FY 2024)Full year 2025 results: CN¥0.40 loss per share (down from CN¥0.11 profit in FY 2024). Revenue: CN¥3.24b (up 26% from FY 2024). Net loss: CN¥176.5m (down 458% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.공시 • Apr 25IReader Technology Co., Ltd., Annual General Meeting, May 15, 2026IReader Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China공시 • Mar 30IReader Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IReader Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026New Risk • Mar 08New major risk - Revenue and earnings growthEarnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 62% per year over the past 5 years.New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.New Risk • Dec 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).공시 • Dec 26IReader Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026IReader Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026Reported Earnings • Oct 31Third quarter 2025 earnings releasedThird quarter 2025 results: Net income: (down CN¥10.9m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.New Risk • Oct 31New major risk - Revenue and earnings growthEarnings have declined by 60% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years.공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025IReader Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025Reported Earnings • Sep 02Second quarter 2025 earnings released: CN¥0.19 loss per share (vs CN¥0.058 profit in 2Q 2024)Second quarter 2025 results: CN¥0.19 loss per share (down from CN¥0.058 profit in 2Q 2024). Revenue: CN¥882.9m (up 35% from 2Q 2024). Net loss: CN¥85.9m (down 438% from profit in 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.New Risk • Jul 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공시 • Jun 30IReader Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025IReader Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025Declared Dividend • Jun 06Dividend increased to CN¥0.10Dividend of CN¥0.10 is 233% higher than last year. Ex-date: 10th June 2025 Payment date: 10th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next year, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Apr 22Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥0.11 (up from CN¥0.08 in FY 2023). Revenue: CN¥2.58b (down 7.0% from FY 2023). Net income: CN¥49.3m (up 42% from FY 2023). Profit margin: 1.9% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.공시 • Apr 20IReader Technology Co., Ltd., Annual General Meeting, May 12, 2025IReader Technology Co., Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China공시 • Mar 28IReader Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025IReader Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025분석 기사 • Mar 13Why Investors Shouldn't Be Surprised By IReader Technology Co., Ltd.'s (SHSE:603533) Low P/SWith a price-to-sales (or "P/S") ratio of 3.2x IReader Technology Co., Ltd. ( SHSE:603533 ) may be sending very bullish...New Risk • Jan 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.3% 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. This is currently the only risk that has been identified for the company.공시 • Dec 27IReader Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025IReader Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025분석 기사 • Dec 12IReader Technology Co., Ltd.'s (SHSE:603533) Shares Bounce 33% But Its Business Still Trails The IndustryIReader Technology Co., Ltd. ( SHSE:603533 ) shares have continued their recent momentum with a 33% gain in the last...Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.006 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.021 (up from CN¥0.006 loss in 3Q 2023). Revenue: CN¥581.4m (down 16% from 3Q 2023). Net income: CN¥10.9m (up CN¥13.6m from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.분석 기사 • Oct 07Why Investors Shouldn't Be Surprised By IReader Technology Co., Ltd.'s (SHSE:603533) Low P/SIReader Technology Co., Ltd.'s ( SHSE:603533 ) price-to-sales (or "P/S") ratio of 3x might make it look like a buy...공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024IReader Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.058 (vs CN¥0.061 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.058 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥653.4m (down 2.4% from 2Q 2023). Net income: CN¥25.4m (down 19% from 2Q 2023). Profit margin: 3.9% (down from 4.7% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.공시 • Jun 28IReader Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024IReader Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024분석 기사 • Jun 06IReader Technology Co., Ltd. (SHSE:603533) Looks Inexpensive After Falling 26% But Perhaps Not Attractive EnoughIReader Technology Co., Ltd. ( SHSE:603533 ) shareholders won't be pleased to see that the share price has had a very...Reported Earnings • Apr 28First quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.02 profit in 1Q 2023)First quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.02 profit in 1Q 2023). Revenue: CN¥678.5m (up 13% from 1Q 2023). Net loss: CN¥73.2m (down CN¥79.8m from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.공시 • Apr 21IReader Technology Co., Ltd., Annual General Meeting, May 13, 2024IReader Technology Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China분석 기사 • Apr 01What IReader Technology Co., Ltd.'s (SHSE:603533) 49% Share Price Gain Is Not Telling YouIReader Technology Co., Ltd. ( SHSE:603533 ) shares have had a really impressive month, gaining 49% after a shaky...공시 • Mar 29IReader Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024IReader Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024분석 기사 • Mar 06IReader Technology (SHSE:603533) Will Be Hoping To Turn Its Returns On Capital AroundWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...공시 • Dec 29IReader Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024IReader Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024New Risk • Nov 06New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (125% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.Reported Earnings • Nov 01Third quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.004 loss in 3Q 2022)Third quarter 2023 results: CN¥0.006 loss per share (further deteriorated from CN¥0.004 loss in 3Q 2022). Revenue: CN¥695.7m (up 2.6% from 3Q 2022). Net loss: CN¥2.76m (loss widened 93% from 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. 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.공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023IReader Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Paying a dividend despite having no free cash flows. Earnings have declined by 1.5% per year over the past 5 years. High level of non-cash earnings (50% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.14 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥669.5m (flat on 2Q 2022). Net income: CN¥31.6m (down 42% from 2Q 2022). Profit margin: 4.7% (down from 8.2% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.공시 • Jun 28IReader Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023IReader Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023Reported Earnings • Apr 23Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: CN¥0.13 (down from CN¥0.35 in FY 2021). Revenue: CN¥2.58b (up 25% from FY 2021). Net income: CN¥57.6m (down 62% from FY 2021). Profit margin: 2.2% (down from 7.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.공시 • Dec 19IReader Technology Co., Ltd.(XSSC:603533) dropped from S&P Global BMI IndexIReader Technology Co., Ltd.(XSSC:603533) dropped from S&P Global BMI IndexPrice Target Changed • Nov 16Price target decreased to CN¥17.15Down from CN¥54.00, the current price target is provided by 1 analyst. New target price is 5.9% above last closing price of CN¥16.19. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.35 last year.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Chao Yang Zhang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 30Third quarter 2022 earnings released: CN¥0.004 loss per share (vs CN¥0.036 profit in 3Q 2021)Third quarter 2022 results: CN¥0.004 loss per share (down from CN¥0.036 profit in 3Q 2021). Revenue: CN¥677.8m (up 35% from 3Q 2021). Net loss: CN¥1.43m (down 110% from profit in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥664.9m (up 23% from 2Q 2021). Net income: CN¥54.7m (down 22% from 2Q 2021). Profit margin: 8.2% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 33% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Tao Lin was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥26.09, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 33x in the Software industry in China. Total returns to shareholders of 39% over the past three years.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.14 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥502.5m (down 2.4% from 3Q 2020). Net income: CN¥14.9m (down 73% from 3Q 2020). Profit margin: 3.0% (down from 11% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥540.3m (up 11% from 2Q 2020). Net income: CN¥70.5m (up 28% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Jul 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥22.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 33x in the Software industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.45 per share.Reported Earnings • Apr 21Full year 2020 earnings released: EPS CN¥0.66 (vs CN¥0.40 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.06b (up 9.5% from FY 2019). Net income: CN¥264.2m (up 64% from FY 2019). Profit margin: 13% (up from 8.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% 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 • Feb 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥41.34, the stock is trading at a trailing P/E ratio of 76.7x, up from the previous P/E ratio of 63.3x. This compares to an average P/E of 51x in the Software industry in China. Total returns to shareholders over the past three years are 24%.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥40.52, the stock is trading at a trailing P/E ratio of 75.1x, up from the previous P/E ratio of 63.5x. This compares to an average P/E of 53x in the Software industry in China. Total returns to shareholders over the past three years are 2.6%.Valuation Update With 7 Day Price Move • Nov 25Market pulls back on stock over the past weekAfter last week's 21% share price decline to CN¥40.97, the stock is trading at a trailing P/E ratio of 76x, down from the previous P/E ratio of 96.8x. This compares to an average P/E of 64x in the Software industry in China. Total return to shareholders over the past three years is a loss of 6.7%.Is New 90 Day High Low • Nov 07New 90-day high: CN¥33.40The company is up 4.0% from its price of CN¥32.23 on 07 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥49.29 per share.Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 19% share price gain to CN¥30.36, the stock is trading at a trailing P/E ratio of 56.3x, up from the previous P/E ratio of 47.4x. This compares to an average P/E of 62x in the Software industry in China. Total return to shareholders over the past three years is a loss of 55%.Reported Earnings • Oct 25Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥219.1m, up 65% from the prior year. Total revenue was CN¥1.99b over the last 12 months, up 6.4% from the prior year.공시 • Aug 21IReader Technology Co., Ltd. announced that it expects to receive CNY 1.0611114 billion in fundingIReader Technology Co., Ltd. (SHSE:603533) announced a private placement of not more than 120,300,000 A shares for gross proceeds of not more than CNY 1,061,111,400 on August 20, 2020. The company will issue shares at a price not less than 80% of the average price of the company’s stock trading on the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 specific investors. All shares to be issued will be subject to a lock-up period of 6 months from the date of issuance. The transaction has been approved in the 19th meeting of the second directorate and 16th meeting of the second board of supervisors of the company, and is subject to approval from shareholders and China Securities Regulatory Commission. The transaction will be valid for 12 months from the date of shareholders' approval.공시 • Jul 10IReader Technology Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020IReader Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020매출 및 비용 세부 내역IReader Technology가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SHSE:603533 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Mar 263,394-1362,28518131 Dec 253,243-1762,24719130 Sep 253,132-1312,14119130 Jun 252,778-631,88619531 Mar 252,548481,61519931 Dec 242,583491,65220330 Sep 242,728-371,84821030 Jun 242,843-511,93921831 Mar 242,859-451,95922431 Dec 232,778351,83523030 Sep 232,683551,75624630 Jun 232,665561,77123931 Mar 232,660791,72223131 Dec 222,582581,67421930 Sep 222,337401,46919230 Jun 222,162571,20718131 Mar 222,0377298117131 Dec 212,07115178917030 Sep 212,16224766016430 Jun 212,17528758215931 Mar 212,12327257915531 Dec 202,06126456214730 Sep 201,99121954513830 Jun 201,96320855613131 Mar 201,92418554212531 Dec 191,88216150212030 Sep 191,87113348012030 Jun 191,86612542412331 Mar 191,88613536712131 Dec 181,90313936411330 Sep 181,85614136610930 Jun 181,81113431513031 Mar 181,75512432510231 Dec 171,6671243168030 Sep 171,5991273065730 Jun 171,504125351031 Mar 171,333103332031 Dec 161,19877326031 Dec 15640302720양질의 수익: 603533 은(는) 현재 수익성이 없습니다.이익 마진 증가: 603533는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 603533은 수익성이 없으며 지난 5년 동안 손실이 연평균 70.4% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 603533의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 603533은 수익성이 없어 지난 해 수익 성장률을 Software 업계(-2.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 603533는 현재 수익성이 없으므로 자본 수익률이 음수(-5.77%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 03:59종가2026/05/20 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 소스IReader Technology Co., Ltd.는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Heng ZhangGuosen Securities Co., Ltd.Yanhui HaoHaitong International Research LimitedYi GuoHSBC4명의 분석가 더 보기
Reported Earnings • Apr 25Full year 2025 earnings released: CN¥0.40 loss per share (vs CN¥0.11 profit in FY 2024)Full year 2025 results: CN¥0.40 loss per share (down from CN¥0.11 profit in FY 2024). Revenue: CN¥3.24b (up 26% from FY 2024). Net loss: CN¥176.5m (down 458% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
공시 • Mar 30IReader Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IReader Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Dec 26IReader Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026IReader Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings releasedThird quarter 2025 results: Net income: (down CN¥10.9m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025IReader Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Sep 02Second quarter 2025 earnings released: CN¥0.19 loss per share (vs CN¥0.058 profit in 2Q 2024)Second quarter 2025 results: CN¥0.19 loss per share (down from CN¥0.058 profit in 2Q 2024). Revenue: CN¥882.9m (up 35% from 2Q 2024). Net loss: CN¥85.9m (down 438% from profit in 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 25Full year 2025 earnings released: CN¥0.40 loss per share (vs CN¥0.11 profit in FY 2024)Full year 2025 results: CN¥0.40 loss per share (down from CN¥0.11 profit in FY 2024). Revenue: CN¥3.24b (up 26% from FY 2024). Net loss: CN¥176.5m (down 458% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
공시 • Apr 25IReader Technology Co., Ltd., Annual General Meeting, May 15, 2026IReader Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
공시 • Mar 30IReader Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026IReader Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
New Risk • Mar 08New major risk - Revenue and earnings growthEarnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 62% per year over the past 5 years.
New Risk • Feb 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
New Risk • Dec 31New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).
공시 • Dec 26IReader Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026IReader Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings releasedThird quarter 2025 results: Net income: (down CN¥10.9m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings have declined by 60% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years.
공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025IReader Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
Reported Earnings • Sep 02Second quarter 2025 earnings released: CN¥0.19 loss per share (vs CN¥0.058 profit in 2Q 2024)Second quarter 2025 results: CN¥0.19 loss per share (down from CN¥0.058 profit in 2Q 2024). Revenue: CN¥882.9m (up 35% from 2Q 2024). Net loss: CN¥85.9m (down 438% from profit in 2Q 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
New Risk • Jul 30New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
New Risk • Jul 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공시 • Jun 30IReader Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025IReader Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
Declared Dividend • Jun 06Dividend increased to CN¥0.10Dividend of CN¥0.10 is 233% higher than last year. Ex-date: 10th June 2025 Payment date: 10th June 2025 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.8% to bring the payout ratio under control. EPS is expected to grow by 65% over the next year, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Apr 22Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥0.11 (up from CN¥0.08 in FY 2023). Revenue: CN¥2.58b (down 7.0% from FY 2023). Net income: CN¥49.3m (up 42% from FY 2023). Profit margin: 1.9% (up from 1.3% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
공시 • Apr 20IReader Technology Co., Ltd., Annual General Meeting, May 12, 2025IReader Technology Co., Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
공시 • Mar 28IReader Technology Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025IReader Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
분석 기사 • Mar 13Why Investors Shouldn't Be Surprised By IReader Technology Co., Ltd.'s (SHSE:603533) Low P/SWith a price-to-sales (or "P/S") ratio of 3.2x IReader Technology Co., Ltd. ( SHSE:603533 ) may be sending very bullish...
New Risk • Jan 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.3% 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. This is currently the only risk that has been identified for the company.
공시 • Dec 27IReader Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025IReader Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025
분석 기사 • Dec 12IReader Technology Co., Ltd.'s (SHSE:603533) Shares Bounce 33% But Its Business Still Trails The IndustryIReader Technology Co., Ltd. ( SHSE:603533 ) shares have continued their recent momentum with a 33% gain in the last...
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.006 loss in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.021 (up from CN¥0.006 loss in 3Q 2023). Revenue: CN¥581.4m (down 16% from 3Q 2023). Net income: CN¥10.9m (up CN¥13.6m from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
분석 기사 • Oct 07Why Investors Shouldn't Be Surprised By IReader Technology Co., Ltd.'s (SHSE:603533) Low P/SIReader Technology Co., Ltd.'s ( SHSE:603533 ) price-to-sales (or "P/S") ratio of 3x might make it look like a buy...
공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024IReader Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.058 (vs CN¥0.061 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.058 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥653.4m (down 2.4% from 2Q 2023). Net income: CN¥25.4m (down 19% from 2Q 2023). Profit margin: 3.9% (down from 4.7% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
공시 • Jun 28IReader Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024IReader Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
분석 기사 • Jun 06IReader Technology Co., Ltd. (SHSE:603533) Looks Inexpensive After Falling 26% But Perhaps Not Attractive EnoughIReader Technology Co., Ltd. ( SHSE:603533 ) shareholders won't be pleased to see that the share price has had a very...
Reported Earnings • Apr 28First quarter 2024 earnings released: CN¥0.17 loss per share (vs CN¥0.02 profit in 1Q 2023)First quarter 2024 results: CN¥0.17 loss per share (down from CN¥0.02 profit in 1Q 2023). Revenue: CN¥678.5m (up 13% from 1Q 2023). Net loss: CN¥73.2m (down CN¥79.8m from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
공시 • Apr 21IReader Technology Co., Ltd., Annual General Meeting, May 13, 2024IReader Technology Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
분석 기사 • Apr 01What IReader Technology Co., Ltd.'s (SHSE:603533) 49% Share Price Gain Is Not Telling YouIReader Technology Co., Ltd. ( SHSE:603533 ) shares have had a really impressive month, gaining 49% after a shaky...
공시 • Mar 29IReader Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024IReader Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
분석 기사 • Mar 06IReader Technology (SHSE:603533) Will Be Hoping To Turn Its Returns On Capital AroundWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
공시 • Dec 29IReader Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024IReader Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024
New Risk • Nov 06New 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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (125% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Nov 01Third quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.004 loss in 3Q 2022)Third quarter 2023 results: CN¥0.006 loss per share (further deteriorated from CN¥0.004 loss in 3Q 2022). Revenue: CN¥695.7m (up 2.6% from 3Q 2022). Net loss: CN¥2.76m (loss widened 93% from 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. 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.
공시 • Sep 30IReader Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023IReader Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023
New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Paying a dividend despite having no free cash flows. Earnings have declined by 1.5% per year over the past 5 years. High level of non-cash earnings (50% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change).
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.14 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.061 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥669.5m (flat on 2Q 2022). Net income: CN¥31.6m (down 42% from 2Q 2022). Profit margin: 4.7% (down from 8.2% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
공시 • Jun 28IReader Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023IReader Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023
Reported Earnings • Apr 23Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: CN¥0.13 (down from CN¥0.35 in FY 2021). Revenue: CN¥2.58b (up 25% from FY 2021). Net income: CN¥57.6m (down 62% from FY 2021). Profit margin: 2.2% (down from 7.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 43%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
공시 • Dec 19IReader Technology Co., Ltd.(XSSC:603533) dropped from S&P Global BMI IndexIReader Technology Co., Ltd.(XSSC:603533) dropped from S&P Global BMI Index
Price Target Changed • Nov 16Price target decreased to CN¥17.15Down from CN¥54.00, the current price target is provided by 1 analyst. New target price is 5.9% above last closing price of CN¥16.19. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.35 last year.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Chao Yang Zhang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 30Third quarter 2022 earnings released: CN¥0.004 loss per share (vs CN¥0.036 profit in 3Q 2021)Third quarter 2022 results: CN¥0.004 loss per share (down from CN¥0.036 profit in 3Q 2021). Revenue: CN¥677.8m (up 35% from 3Q 2021). Net loss: CN¥1.43m (down 110% from profit in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥664.9m (up 23% from 2Q 2021). Net income: CN¥54.7m (down 22% from 2Q 2021). Profit margin: 8.2% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 33% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Director Tao Lin was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Dec 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥26.09, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 33x in the Software industry in China. Total returns to shareholders of 39% over the past three years.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.14 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥502.5m (down 2.4% from 3Q 2020). Net income: CN¥14.9m (down 73% from 3Q 2020). Profit margin: 3.0% (down from 11% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.14 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥540.3m (up 11% from 2Q 2020). Net income: CN¥70.5m (up 28% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥22.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 33x in the Software industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.45 per share.
Reported Earnings • Apr 21Full year 2020 earnings released: EPS CN¥0.66 (vs CN¥0.40 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.06b (up 9.5% from FY 2019). Net income: CN¥264.2m (up 64% from FY 2019). Profit margin: 13% (up from 8.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% 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 • Feb 20Investor sentiment improved over the past weekAfter last week's 21% share price gain to CN¥41.34, the stock is trading at a trailing P/E ratio of 76.7x, up from the previous P/E ratio of 63.3x. This compares to an average P/E of 51x in the Software industry in China. Total returns to shareholders over the past three years are 24%.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment improved over the past weekAfter last week's 18% share price gain to CN¥40.52, the stock is trading at a trailing P/E ratio of 75.1x, up from the previous P/E ratio of 63.5x. This compares to an average P/E of 53x in the Software industry in China. Total returns to shareholders over the past three years are 2.6%.
Valuation Update With 7 Day Price Move • Nov 25Market pulls back on stock over the past weekAfter last week's 21% share price decline to CN¥40.97, the stock is trading at a trailing P/E ratio of 76x, down from the previous P/E ratio of 96.8x. This compares to an average P/E of 64x in the Software industry in China. Total return to shareholders over the past three years is a loss of 6.7%.
Is New 90 Day High Low • Nov 07New 90-day high: CN¥33.40The company is up 4.0% from its price of CN¥32.23 on 07 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥49.29 per share.
Valuation Update With 7 Day Price Move • Nov 06Market bids up stock over the past weekAfter last week's 19% share price gain to CN¥30.36, the stock is trading at a trailing P/E ratio of 56.3x, up from the previous P/E ratio of 47.4x. This compares to an average P/E of 62x in the Software industry in China. Total return to shareholders over the past three years is a loss of 55%.
Reported Earnings • Oct 25Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥219.1m, up 65% from the prior year. Total revenue was CN¥1.99b over the last 12 months, up 6.4% from the prior year.
공시 • Aug 21IReader Technology Co., Ltd. announced that it expects to receive CNY 1.0611114 billion in fundingIReader Technology Co., Ltd. (SHSE:603533) announced a private placement of not more than 120,300,000 A shares for gross proceeds of not more than CNY 1,061,111,400 on August 20, 2020. The company will issue shares at a price not less than 80% of the average price of the company’s stock trading on the 20 trading days before the pricing base date. The transaction will include participation from not more than 35 specific investors. All shares to be issued will be subject to a lock-up period of 6 months from the date of issuance. The transaction has been approved in the 19th meeting of the second directorate and 16th meeting of the second board of supervisors of the company, and is subject to approval from shareholders and China Securities Regulatory Commission. The transaction will be valid for 12 months from the date of shareholders' approval.
공시 • Jul 10IReader Technology Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020IReader Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020