View Valuation360 Security Technology 향후 성장Future 기준 점검 0/6360 Security Technology 의 수익은 연간 55.3% 감소할 것으로 예상되는 반면, 연간 수익은 6.1% 로 증가할 것으로 예상됩니다. EPS는 연간 62.6% 만큼 쇠퇴할 것으로 예상됩니다.핵심 정보-55.3%이익 성장률-62.65%EPS 성장률Software 이익 성장33.8%매출 성장률6.1%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트06 Mar 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Apr 30360 Security Technology Inc., Annual General Meeting, May 21, 2026360 Security Technology Inc., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time.공시 • Jun 24360 Security Technology Inc.(SHSE:601360) dropped from Shanghai Stock Exchange 180 Value Index360 Security Technology Inc. has been removed form Shanghai Stock Exchange 180 Value Index .Reported Earnings • Oct 31Third quarter 2024 earnings released: CN¥0.029 loss per share (vs CN¥0.02 loss in 3Q 2023)Third quarter 2024 results: CN¥0.029 loss per share (further deteriorated from CN¥0.02 loss in 3Q 2023). Revenue: CN¥1.92b (down 14% from 3Q 2023). Net loss: CN¥237.7m (loss widened 73% from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 51% 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.Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.028 loss per share (vs CN¥0.005 loss in 2Q 2023)Second quarter 2024 results: CN¥0.028 loss per share (further deteriorated from CN¥0.005 loss in 2Q 2023). Revenue: CN¥1.97b (down 22% from 2Q 2023). Net loss: CN¥231.6m (loss widened 420% from 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 18% 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 57 percentage points per year, which is a significant difference in performance.공시 • Jun 06Levi & Korsinsky Announces Settlement in the Pending Class Action Lawsuit Against Qihoo 360 Technology Co. LtdLevi & Korsinsky informed shareholders that a settlement has been reached in the pending class action lawsuit against Qihoo 360 Technology Co. Ltd. The settlement provides for a fund of $29,750,000 to benefit class members. For the purposes of the settlement, the class is defined as: persons and entities that sold Qihoo Securities during the period from December 18, 2015 through July 15, 2016, both dates inclusive, and/or tendered/cancelled/exchanged Qihoo Securities in Qihoo's Merger, which took place on or about July 15, 2016.Reported Earnings • Apr 20First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.03 loss in 1Q 2023)First quarter 2024 results: CN¥0.02 loss per share (improved from CN¥0.03 loss in 1Q 2023). Revenue: CN¥1.72b (down 13% from 1Q 2023). Net loss: CN¥109.6m (loss narrowed 41% from 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 21% 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 77 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 01Third quarter 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.20 loss in 3Q 2022)Third quarter 2023 results: CN¥0.02 loss per share (improved from CN¥0.20 loss in 3Q 2022). Revenue: CN¥2.23b (up 5.9% from 3Q 2022). Net loss: CN¥137.8m (loss narrowed 91% from 3Q 2022). Revenue is forecast to grow 15% 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, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 31Second quarter 2023 earnings released: CN¥0.005 loss per share (vs CN¥0.10 loss in 2Q 2022)Second quarter 2023 results: CN¥0.005 loss per share (improved from CN¥0.10 loss in 2Q 2022). Revenue: CN¥2.54b (up 10% from 2Q 2022). Net loss: CN¥44.6m (loss narrowed 93% from 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% 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 90 percentage points per year, which is a significant difference in performance.공시 • Jun 08HU HUAN acquired a 6.25% stake in 360 Security Technology Inc. (SHSE:601360) from ZHOU HONGYIHU HUAN acquired a 6.25% stake in 360 Security Technology Inc. (SHSE:601360) from ZHOU HONGYI on June 6, 2023. HU HUAN completed the acquisition of acquired a 6.25% stake in 360 Security Technology Inc. (SHSE:601360) from ZHOU HONGYI on June 6, 2023.Reported Earnings • Apr 26Full year 2022 earnings released: CN¥0.31 loss per share (vs CN¥0.13 profit in FY 2021)Full year 2022 results: CN¥0.31 loss per share (down from CN¥0.13 profit in FY 2021). Revenue: CN¥9.52b (down 13% from FY 2021). Net loss: CN¥2.20b (down 344% from profit in FY 2021). Revenue is forecast to grow 16% 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, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 2 highly experienced directors. Co-Founder, Chairman & CEO Hongyi Zhou is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 29Third quarter 2022 earnings released: CN¥0.20 loss per share (vs CN¥0.06 profit in 3Q 2021)Third quarter 2022 results: CN¥0.20 loss per share (down from CN¥0.06 profit in 3Q 2021). Revenue: CN¥2.11b (down 28% from 3Q 2021). Net loss: CN¥1.57b (down 463% from profit in 3Q 2021). Revenue is forecast to grow 14% 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, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 27Second quarter 2022 earnings released: CN¥0.10 loss per share (vs CN¥0.04 profit in 2Q 2021)Second quarter 2022 results: CN¥0.10 loss per share (down from CN¥0.04 profit in 2Q 2021). Revenue: CN¥2.30b (down 25% from 2Q 2021). Net loss: CN¥620.1m (down 306% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 33% 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 35 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.04 in 1Q 2021). Revenue: CN¥2.53b (down 1.0% from 1Q 2021). Net income: CN¥221.8m (down 18% from 1Q 2021). Profit margin: 8.8% (down from 11% in 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Jianwen Liao was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥10.44, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 32x in the Software industry in China. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.69 per share.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.08 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.92b (down 2.8% from 3Q 2020). Net income: CN¥431.6m (down 27% from 3Q 2020). Profit margin: 15% (down from 20% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.13 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥3.07b (up 13% from 2Q 2020). Net income: CN¥301.6m (down 60% from 2Q 2020). Profit margin: 9.8% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.05 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥2.55b (up 13% from 1Q 2020). Net income: CN¥270.4m (down 25% from 1Q 2020). Profit margin: 11% (down from 16% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Mar 10New 90-day low: CN¥14.81The company is down 12% from its price of CN¥16.76 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Software industry, which is also down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.52 per share.Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥17.75, the stock is trading at a trailing P/E ratio of 48.6x, up from the previous P/E ratio of 42.2x. This compares to an average P/E of 55x in the Software industry in China. Total return to shareholders over the past year is a loss of 26%.Is New 90 Day High Low • Jan 11New 90-day high: CN¥17.75The company is up 3.0% from its price of CN¥17.22 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.58 per share.Is New 90 Day High Low • Nov 17New 90-day low: CN¥15.05The company is down 20% from its price of CN¥18.90 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.36 per share.Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.08The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥3.00b (down 17% from 3Q 2019). Net income: CN¥588.0m (down 48% from 3Q 2019). Profit margin: 20% (down from 31% in 3Q 2019). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Oct 27New 90-day low: CN¥16.29The company is down 17% from its price of CN¥19.64 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.99 per share.Is New 90 Day High Low • Sep 24New 90-day low: CN¥17.12The company is down 9.0% from its price of CN¥18.89 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.02 per share.이익 및 매출 성장 예측XSSC:601360 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20279,821270N/AN/A212/31/20269,124151N/AN/A23/31/20268,84064578570N/A12/31/20258,693263-335154N/A9/30/20258,407-637-372224N/A6/30/20258,083-1,034264712N/A3/31/20258,092-1,257-57638N/A12/31/20247,948-1,094-432326N/A9/30/20247,926-703-283467N/A6/30/20248,244-603-481324N/A3/31/20248,809-416100727N/A12/31/20239,055-492423924N/A9/30/20239,324-608495893N/A6/30/20239,200-2,036498960N/A3/31/20238,961-2,612428874N/A12/31/20229,521-2,204103557N/A9/30/20229,281-2,066-382112N/A6/30/202210,090-68-38136N/A3/31/202210,860854-331106N/A12/31/202110,886902-219166N/A9/30/202112,1802,209363767N/A6/30/202112,2632,3661,0611,491N/A3/31/202111,9162,8231,3041,730N/A12/31/202011,6152,9131,3851,943N/A9/30/202011,2932,5111,4022,021N/A6/30/202011,8883,0471,2131,871N/A3/31/202012,3895,6931,6122,285N/A12/31/201912,8415,980N/A2,760N/A9/30/201913,2026,195N/A3,073N/A6/30/201913,0296,050N/A2,814N/A3/31/201913,0803,704N/A3,299N/A12/31/201813,1293,535N/A3,748N/A3/31/201812,5523,190N/A4,203N/A12/31/201712,2383,372N/A4,143N/A12/31/20169,9041,872N/A5,157N/A12/31/201511,7161,977N/A2,806N/A9/30/201511,0921,859N/AN/AN/A6/30/201510,1091,643N/A2,629N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 601360 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -55.3%).수익 vs 시장: 601360 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -55.3%).고성장 수익: 601360 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 601360 의 수익(연간 6.1%)이 CN 시장(연간 16.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 601360 의 수익(연간 6.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 601360의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 13:55종가2026/05/25 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 소스360 Security Technology Inc.는 22명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alicia YapBarclaysEddie LeungBofA Global ResearchRocky ZhangCCB International Securities Limited19명의 분석가 더 보기
공시 • Apr 30360 Security Technology Inc., Annual General Meeting, May 21, 2026360 Security Technology Inc., Annual General Meeting, May 21, 2026, at 14:30 China Standard Time.
공시 • Jun 24360 Security Technology Inc.(SHSE:601360) dropped from Shanghai Stock Exchange 180 Value Index360 Security Technology Inc. has been removed form Shanghai Stock Exchange 180 Value Index .
Reported Earnings • Oct 31Third quarter 2024 earnings released: CN¥0.029 loss per share (vs CN¥0.02 loss in 3Q 2023)Third quarter 2024 results: CN¥0.029 loss per share (further deteriorated from CN¥0.02 loss in 3Q 2023). Revenue: CN¥1.92b (down 14% from 3Q 2023). Net loss: CN¥237.7m (loss widened 73% from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 51% 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.
Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.028 loss per share (vs CN¥0.005 loss in 2Q 2023)Second quarter 2024 results: CN¥0.028 loss per share (further deteriorated from CN¥0.005 loss in 2Q 2023). Revenue: CN¥1.97b (down 22% from 2Q 2023). Net loss: CN¥231.6m (loss widened 420% from 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 18% 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 57 percentage points per year, which is a significant difference in performance.
공시 • Jun 06Levi & Korsinsky Announces Settlement in the Pending Class Action Lawsuit Against Qihoo 360 Technology Co. LtdLevi & Korsinsky informed shareholders that a settlement has been reached in the pending class action lawsuit against Qihoo 360 Technology Co. Ltd. The settlement provides for a fund of $29,750,000 to benefit class members. For the purposes of the settlement, the class is defined as: persons and entities that sold Qihoo Securities during the period from December 18, 2015 through July 15, 2016, both dates inclusive, and/or tendered/cancelled/exchanged Qihoo Securities in Qihoo's Merger, which took place on or about July 15, 2016.
Reported Earnings • Apr 20First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.03 loss in 1Q 2023)First quarter 2024 results: CN¥0.02 loss per share (improved from CN¥0.03 loss in 1Q 2023). Revenue: CN¥1.72b (down 13% from 1Q 2023). Net loss: CN¥109.6m (loss narrowed 41% from 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 21% 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 77 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 01Third quarter 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.20 loss in 3Q 2022)Third quarter 2023 results: CN¥0.02 loss per share (improved from CN¥0.20 loss in 3Q 2022). Revenue: CN¥2.23b (up 5.9% from 3Q 2022). Net loss: CN¥137.8m (loss narrowed 91% from 3Q 2022). Revenue is forecast to grow 15% 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, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 31Second quarter 2023 earnings released: CN¥0.005 loss per share (vs CN¥0.10 loss in 2Q 2022)Second quarter 2023 results: CN¥0.005 loss per share (improved from CN¥0.10 loss in 2Q 2022). Revenue: CN¥2.54b (up 10% from 2Q 2022). Net loss: CN¥44.6m (loss narrowed 93% from 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 23% 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 90 percentage points per year, which is a significant difference in performance.
공시 • Jun 08HU HUAN acquired a 6.25% stake in 360 Security Technology Inc. (SHSE:601360) from ZHOU HONGYIHU HUAN acquired a 6.25% stake in 360 Security Technology Inc. (SHSE:601360) from ZHOU HONGYI on June 6, 2023. HU HUAN completed the acquisition of acquired a 6.25% stake in 360 Security Technology Inc. (SHSE:601360) from ZHOU HONGYI on June 6, 2023.
Reported Earnings • Apr 26Full year 2022 earnings released: CN¥0.31 loss per share (vs CN¥0.13 profit in FY 2021)Full year 2022 results: CN¥0.31 loss per share (down from CN¥0.13 profit in FY 2021). Revenue: CN¥9.52b (down 13% from FY 2021). Net loss: CN¥2.20b (down 344% from profit in FY 2021). Revenue is forecast to grow 16% 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, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 2 highly experienced directors. Co-Founder, Chairman & CEO Hongyi Zhou is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 29Third quarter 2022 earnings released: CN¥0.20 loss per share (vs CN¥0.06 profit in 3Q 2021)Third quarter 2022 results: CN¥0.20 loss per share (down from CN¥0.06 profit in 3Q 2021). Revenue: CN¥2.11b (down 28% from 3Q 2021). Net loss: CN¥1.57b (down 463% from profit in 3Q 2021). Revenue is forecast to grow 14% 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, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 27Second quarter 2022 earnings released: CN¥0.10 loss per share (vs CN¥0.04 profit in 2Q 2021)Second quarter 2022 results: CN¥0.10 loss per share (down from CN¥0.04 profit in 2Q 2021). Revenue: CN¥2.30b (down 25% from 2Q 2021). Net loss: CN¥620.1m (down 306% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 22%, compared to a 33% 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 35 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 27First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.04 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.04 in 1Q 2021). Revenue: CN¥2.53b (down 1.0% from 1Q 2021). Net income: CN¥221.8m (down 18% from 1Q 2021). Profit margin: 8.8% (down from 11% in 1Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Jianwen Liao was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥10.44, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 32x in the Software industry in China. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.69 per share.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.08 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.92b (down 2.8% from 3Q 2020). Net income: CN¥431.6m (down 27% from 3Q 2020). Profit margin: 15% (down from 20% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 01Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.13 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥3.07b (up 13% from 2Q 2020). Net income: CN¥301.6m (down 60% from 2Q 2020). Profit margin: 9.8% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Apr 25First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.05 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥2.55b (up 13% from 1Q 2020). Net income: CN¥270.4m (down 25% from 1Q 2020). Profit margin: 11% (down from 16% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Mar 10New 90-day low: CN¥14.81The company is down 12% from its price of CN¥16.76 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Software industry, which is also down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.52 per share.
Valuation Update With 7 Day Price Move • Jan 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to CN¥17.75, the stock is trading at a trailing P/E ratio of 48.6x, up from the previous P/E ratio of 42.2x. This compares to an average P/E of 55x in the Software industry in China. Total return to shareholders over the past year is a loss of 26%.
Is New 90 Day High Low • Jan 11New 90-day high: CN¥17.75The company is up 3.0% from its price of CN¥17.22 on 14 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.58 per share.
Is New 90 Day High Low • Nov 17New 90-day low: CN¥15.05The company is down 20% from its price of CN¥18.90 on 19 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.36 per share.
Reported Earnings • Nov 03Third quarter 2020 earnings released: EPS CN¥0.08The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥3.00b (down 17% from 3Q 2019). Net income: CN¥588.0m (down 48% from 3Q 2019). Profit margin: 20% (down from 31% in 3Q 2019). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Oct 27New 90-day low: CN¥16.29The company is down 17% from its price of CN¥19.64 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.99 per share.
Is New 90 Day High Low • Sep 24New 90-day low: CN¥17.12The company is down 9.0% from its price of CN¥18.89 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.02 per share.