View Future GrowthPiesat Information Technology 과거 순이익 실적과거 기준 점검 0/6Piesat Information Technology 의 수입은 연평균 -68.7%의 비율로 감소해 온 반면, Software 산업은 연평균 10.3%의 비율로 감소했습니다. 매출은 연평균 9%의 비율로 감소해 왔습니다.핵심 정보-68.67%순이익 성장률-67.91%주당순이익(EPS) 성장률Software 산업 성장률4.57%매출 성장률-8.99%자기자본이익률n/a순이익률-272.05%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트공시 • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026공시 • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025공시 • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025공시 • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025공시 • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025모든 업데이트 보기Recent updatesNew Risk • May 21New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CN¥159m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-CN¥776m). Earnings have declined by 69% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-CN¥159m).Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lirong Meng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 30Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China공시 • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026공시 • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026공시 • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025공시 • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025공시 • Apr 29Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.공시 • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025공시 • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025Reported Earnings • Oct 26Third quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.24 loss in 3Q 2023)Third quarter 2024 results: CN¥0.14 loss per share (improved from CN¥0.24 loss in 3Q 2023). Revenue: CN¥501.9m (down 11% from 3Q 2023). Net loss: CN¥37.1m (loss narrowed 28% from 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.공시 • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.35 profit in 2Q 2023)Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.35 profit in 2Q 2023). Revenue: CN¥621.5m (down 17% from 2Q 2023). Net loss: CN¥34.0m (down 134% from profit in 2Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.공시 • Jun 28Piesat Information Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Piesat Information Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024Reported Earnings • Apr 26First quarter 2024 earnings released: CN¥0.58 loss per share (vs CN¥0.34 loss in 1Q 2023)First quarter 2024 results: CN¥0.58 loss per share (further deteriorated from CN¥0.34 loss in 1Q 2023). Revenue: CN¥221.4m (down 20% from 1Q 2023). Net loss: CN¥150.7m (loss widened 69% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.Reported Earnings • Apr 14Full year 2023 earnings released: CN¥1.63 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.63 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.82b (down 26% from FY 2022). Net loss: CN¥374.2m (down 242% from profit in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China.공시 • Apr 12Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China공시 • Mar 29Piesat Information Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024New Risk • Mar 28New 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 12% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change).Reported Earnings • Feb 29Full year 2023 earnings released: CN¥1.60 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.60 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.84b (down 25% from FY 2022). Net loss: CN¥366.7m (down 239% from profit in FY 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 26% 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.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥22.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 20% over the past three years.공시 • Dec 29Piesat Information Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024Buying Opportunity • Nov 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥64.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 99% in 2 years. Earnings is forecast to grow by 346% in the next 2 years.New Risk • Nov 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).Buying Opportunity • Oct 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥59.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 160% in the next 2 years.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.26 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.26 in 2Q 2022). Revenue: CN¥748.7m (up 28% from 2Q 2022). Net income: CN¥99.9m (up 72% from 2Q 2022). Profit margin: 13% (up from 9.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% 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, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥65.64, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 50x in the Software industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.79 per share.공시 • Jun 01Piesat Information Technology Co., Ltd. (SHSE:688066) announces an Equity Buyback for CNY 100 million worth of its shares.Piesat Information Technology Co., Ltd. (SHSE:688066) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The program will be valid till 12 months.Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥83.34, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 72% over the past three years.Reported Earnings • Apr 23Full year 2022 earnings released: EPS: CN¥1.43 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.43 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.46b (up 67% from FY 2021). Net income: CN¥264.1m (up 32% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% 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 increased by 30% per year whereas the company’s share price has increased by 25% per year.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥1.45 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.45 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.48b (up 69% from FY 2021). Net income: CN¥268.6m (up 34% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% 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, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.Board Change • Dec 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yongyi Ma was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.매출 및 비용 세부 내역Piesat Information Technology가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이XSSC:688066 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Mar 26427-1,1637-2931 Dec 25448-1,86044625530 Sep 25633-1,53850127230 Jun 251,022-1,45653329031 Mar 251,478-1,35752530831 Dec 241,575-1,39361731030 Sep 241,577-55657732530 Jun 241,638-57061834531 Mar 241,765-43670038031 Dec 231,819-37469838130 Sep 232,65114170637230 Jun 232,70026769434131 Mar 232,53722565932031 Dec 222,45726461429430 Sep 222,05022754728230 Jun 221,81320348925731 Mar 221,59419542822431 Dec 211,46820038221130 Sep 211,25015131716030 Jun 211,07513227115231 Mar 2190012022613531 Dec 2084712920212430 Sep 2073211517011330 Jun 2068711516510031 Mar 20606881648631 Dec 19601841668630 Sep 196161351597630 Jun 19513861547131 Mar 19431481696931 Dec 18423641394831 Dec 1729648863731 Dec 16195335332양질의 수익: 688066 은(는) 현재 수익성이 없습니다.이익 마진 증가: 688066는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 688066은 수익성이 없으며 지난 5년 동안 손실이 연평균 68.7% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 688066의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 688066은 수익성이 없어 지난 해 수익 성장률을 Software 업계(-2.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 688066의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 10:58종가2026/05/22 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 소스Piesat Information Technology Co., Ltd.는 3명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Zhongyu LiuChina International Capital Corporation LimitedEugene HsiaoMacquarie ResearchSheng WangSWS Research Co., Ltd.
공시 • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026
공시 • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
공시 • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
공시 • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
공시 • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
New Risk • May 21New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CN¥159m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-CN¥776m). Earnings have declined by 69% per year over the past 5 years. Minor Risk Less than 1 year of cash runway based on current free cash flow (-CN¥159m).
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Director Lirong Meng was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 30Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
공시 • Mar 30Piesat Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
공시 • Dec 26Piesat Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026
공시 • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Piesat Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
공시 • Jun 30Piesat Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025Piesat Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
공시 • Apr 29Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025Piesat Information Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time.
공시 • Mar 28Piesat Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
공시 • Dec 27Piesat Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025
Reported Earnings • Oct 26Third quarter 2024 earnings released: CN¥0.14 loss per share (vs CN¥0.24 loss in 3Q 2023)Third quarter 2024 results: CN¥0.14 loss per share (improved from CN¥0.24 loss in 3Q 2023). Revenue: CN¥501.9m (down 11% from 3Q 2023). Net loss: CN¥37.1m (loss narrowed 28% from 3Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.
공시 • Sep 30Piesat Information Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024
Reported Earnings • Aug 31Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.35 profit in 2Q 2023)Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.35 profit in 2Q 2023). Revenue: CN¥621.5m (down 17% from 2Q 2023). Net loss: CN¥34.0m (down 134% from profit in 2Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.
공시 • Jun 28Piesat Information Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Piesat Information Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
Reported Earnings • Apr 26First quarter 2024 earnings released: CN¥0.58 loss per share (vs CN¥0.34 loss in 1Q 2023)First quarter 2024 results: CN¥0.58 loss per share (further deteriorated from CN¥0.34 loss in 1Q 2023). Revenue: CN¥221.4m (down 20% from 1Q 2023). Net loss: CN¥150.7m (loss widened 69% from 1Q 2023). Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China.
Reported Earnings • Apr 14Full year 2023 earnings released: CN¥1.63 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.63 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.82b (down 26% from FY 2022). Net loss: CN¥374.2m (down 242% from profit in FY 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Software industry in China.
공시 • Apr 12Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024Piesat Information Technology Co., Ltd., Annual General Meeting, May 08, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China
공시 • Mar 29Piesat Information Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024Piesat Information Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024
New Risk • Mar 28New 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 12% 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change).
Reported Earnings • Feb 29Full year 2023 earnings released: CN¥1.60 loss per share (vs CN¥1.02 profit in FY 2022)Full year 2023 results: CN¥1.60 loss per share (down from CN¥1.02 profit in FY 2022). Revenue: CN¥1.84b (down 25% from FY 2022). Net loss: CN¥366.7m (down 239% from profit in FY 2022). Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 26% 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.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥22.17, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 20% over the past three years.
공시 • Dec 29Piesat Information Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024Piesat Information Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024
Buying Opportunity • Nov 16Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥64.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 99% in 2 years. Earnings is forecast to grow by 346% in the next 2 years.
New Risk • Nov 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.3% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (5.3% net profit margin).
Buying Opportunity • Oct 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥59.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 109% in 2 years. Earnings is forecast to grow by 160% in the next 2 years.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.26 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.26 in 2Q 2022). Revenue: CN¥748.7m (up 28% from 2Q 2022). Net income: CN¥99.9m (up 72% from 2Q 2022). Profit margin: 13% (up from 9.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% 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, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jun 20Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥65.64, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 50x in the Software industry in China. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.79 per share.
공시 • Jun 01Piesat Information Technology Co., Ltd. (SHSE:688066) announces an Equity Buyback for CNY 100 million worth of its shares.Piesat Information Technology Co., Ltd. (SHSE:688066) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of shares. The program will be valid till 12 months.
Valuation Update With 7 Day Price Move • May 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥83.34, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 72% over the past three years.
Reported Earnings • Apr 23Full year 2022 earnings released: EPS: CN¥1.43 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.43 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.46b (up 67% from FY 2021). Net income: CN¥264.1m (up 32% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% 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 increased by 30% per year whereas the company’s share price has increased by 25% per year.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥1.45 (vs CN¥1.15 in FY 2021)Full year 2022 results: EPS: CN¥1.45 (up from CN¥1.15 in FY 2021). Revenue: CN¥2.48b (up 69% from FY 2021). Net income: CN¥268.6m (up 34% from FY 2021). Profit margin: 11% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% 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, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.
Board Change • Dec 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yongyi Ma was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.