View ValuationGlarun TechnologyLtd 향후 성장Future 기준 점검 1/6Glarun TechnologyLtd (는) 각각 연간 19.8% 및 14.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 19.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.6% 로 예상됩니다.핵심 정보19.8%이익 성장률19.82%EPS 성장률Communications 이익 성장47.7%매출 성장률14.8%향후 자기자본이익률12.63%애널리스트 커버리지Low마지막 업데이트28 Apr 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.694 to CN¥0.617. Revenue forecast unchanged from CN¥4.10b at last update. Net income forecast to grow 38% next year vs 49% growth forecast for Communications industry in China. Consensus price target of CN¥20.54 unchanged from last update. Share price rose 12% to CN¥20.80 over the past week.Price Target Changed • Aug 26Price target decreased by 19% to CN¥20.88Down from CN¥25.80, the current price target is provided by 1 analyst. New target price is 59% above last closing price of CN¥13.11. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.Price Target Changed • Apr 27Price target increased by 13% to CN¥22.55Up from CN¥19.97, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CN¥14.47. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.Price Target Changed • May 04Price target increased by 8.0% to CN¥18.15Up from CN¥16.80, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥16.12. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.44 last year.Price Target Changed • Nov 16Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥16.65. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.42 last year.Price Target Changed • Apr 27Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 42% above last closing price of CN¥13.61. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.38 last year.모든 업데이트 보기Recent updatesReported Earnings • Apr 23Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.51 (in line with FY 2024). Revenue: CN¥3.36b (down 1.2% from FY 2024). Net income: CN¥628.5m (flat on FY 2024). Profit margin: 19% (in line with FY 2024). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.공지 • Apr 23Glarun Technology Co.,Ltd, Annual General Meeting, May 14, 2026Glarun Technology Co.,Ltd, Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: 22F, Building 1, No. 359, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu ChinaValuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥27.62, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 64x in the Communications industry in China. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.93 per share.공지 • Mar 30Glarun Technology Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026Glarun Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026Buy Or Sell Opportunity • Jan 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to CN¥31.11. The fair value is estimated to be CN¥40.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 58% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥34.41, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 51x in the Communications industry in China. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.98 per share.공지 • Dec 26Glarun Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026Glarun Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.019 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.019 (in line with 3Q 2024). Revenue: CN¥396.8m (down 7.0% from 3Q 2024). Net income: CN¥22.9m (up 1.2% from 3Q 2024). Profit margin: 5.8% (up from 5.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.공지 • Sep 30Glarun Technology Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025Glarun Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025Declared Dividend • Jul 02Dividend increased to CN¥0.16Dividend of CN¥0.16 is 8.3% higher than last year. Ex-date: 4th July 2025 Payment date: 4th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but 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 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Jun 30Glarun Technology Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025Glarun Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025New Risk • Jun 13New 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 8.2% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥30.33, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 45x in the Communications industry in China. Total returns to shareholders of 107% over the past three years.New Risk • May 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥24.96, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 40x in the Communications industry in China. Total returns to shareholders of 81% over the past three years.Major Estimate Revision • Apr 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.694 to CN¥0.617. Revenue forecast unchanged from CN¥4.10b at last update. Net income forecast to grow 38% next year vs 49% growth forecast for Communications industry in China. Consensus price target of CN¥20.54 unchanged from last update. Share price rose 12% to CN¥20.80 over the past week.Reported Earnings • Apr 23First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.09 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.09 in 1Q 2024). Revenue: CN¥363.3m (down 35% from 1Q 2024). Net income: CN¥75.3m (down 35% from 1Q 2024). Profit margin: 21% (in line with 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.공지 • Apr 20Glarun Technology Co.,Ltd, Annual General Meeting, May 13, 2025Glarun Technology Co.,Ltd, Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: 22F, Building 1, No. 359, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu China공지 • Mar 28Glarun Technology Co.,Ltd to Report Q1, 2025 Results on Apr 19, 2025Glarun Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 19, 2025공지 • Dec 27Glarun Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025Glarun Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥20.25, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 22% over the past three years.Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.049 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.019 (down from CN¥0.049 in 3Q 2023). Revenue: CN¥426.6m (down 25% from 3Q 2023). Net income: CN¥22.7m (down 61% from 3Q 2023). Profit margin: 5.3% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥18.28, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.27 per share.Buy Or Sell Opportunity • Oct 09Now 21% undervaluedOver the last 90 days, the stock has risen 20% to CN¥16.02. The fair value is estimated to be CN¥20.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 53% in the next 2 years.공지 • Sep 30Glarun Technology Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024Glarun Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥15.41, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.35 per share.Price Target Changed • Aug 26Price target decreased by 19% to CN¥20.88Down from CN¥25.80, the current price target is provided by 1 analyst. New target price is 59% above last closing price of CN¥13.11. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.18 in 2Q 2023). Revenue: CN¥996.5m (up 1.1% from 2Q 2023). Net income: CN¥230.1m (up 3.4% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 08Dividend of CN¥0.14 announcedShareholders will receive a dividend of CN¥0.14. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공지 • Jun 28Glarun Technology Co.,Ltd to Report First Half, 2024 Results on Aug 24, 2024Glarun Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 24, 2024Price Target Changed • Apr 27Price target increased by 13% to CN¥22.55Up from CN¥19.97, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CN¥14.47. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.공지 • Apr 26Glarun Technology Co.,Ltd, Annual General Meeting, May 16, 2024Glarun Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu ChinaReported Earnings • Apr 25First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.09 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.09 (in line with 1Q 2023). Revenue: CN¥562.0m (down 1.8% from 1Q 2023). Net income: CN¥115.5m (up 2.7% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공지 • Mar 29Glarun Technology Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024Glarun Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024Reported Earnings • Feb 06Full year 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.44 in FY 2022)Full year 2023 results: EPS: CN¥0.48 (up from CN¥0.44 in FY 2022). Revenue: CN¥3.28b (up 1.8% from FY 2022). Net income: CN¥599.2m (up 9.1% from FY 2022). Profit margin: 18% (up from 17% in FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥9.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Communications industry in China. Total loss to shareholders of 26% over the past three years.공지 • Dec 29Glarun Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024Glarun Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.054 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.049 (down from CN¥0.054 in 3Q 2022). Revenue: CN¥566.4m (up 4.2% from 3Q 2022). Net income: CN¥58.6m (down 14% from 3Q 2022). Profit margin: 10% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공지 • Sep 30Glarun Technology Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Glarun Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥985.9m (up 11% from 2Q 2022). Net income: CN¥222.6m (up 7.3% from 2Q 2022). Profit margin: 23% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공지 • Jun 28Glarun Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023Glarun Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023Price Target Changed • May 04Price target increased by 8.0% to CN¥18.15Up from CN¥16.80, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥16.12. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.44 last year.Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥572.4m (down 2.6% from 1Q 2022). Net income: CN¥112.5m (up 31% from 1Q 2022). Profit margin: 20% (up from 15% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Price Target Changed • Nov 16Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥16.65. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.42 last year.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.07 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.054 (down from CN¥0.07 in 3Q 2021). Revenue: CN¥543.4m (down 25% from 3Q 2021). Net income: CN¥68.6m (down 17% from 3Q 2021). Profit margin: 13% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 28Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.08 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.08 in 2Q 2021). Revenue: CN¥888.5m (up 9.5% from 2Q 2021). Net income: CN¥207.5m (up 100% from 2Q 2021). Profit margin: 23% (up from 13% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 56%, compared to a 32% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥587.7m (down 30% from 1Q 2021). Net income: CN¥86.2m (up 15% from 1Q 2021). Profit margin: 15% (up from 9.0% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Price Target Changed • Apr 27Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 42% above last closing price of CN¥13.61. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.38 last year.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman Mingchun Hu was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.065 in 3Q 2020)The company reported a decent third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥721.3m (flat on 3Q 2020). Net income: CN¥82.3m (up 4.9% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥14.32, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Communications industry in China. Total loss to shareholders of 10% over the past three years.Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.098 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: CN¥811.1m (down 50% from 2Q 2020). Net income: CN¥103.7m (down 42% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥17.66, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 14% over the past three years.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.005 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥833.8m (up CN¥730.7m from 1Q 2020). Net income: CN¥75.0m (up CN¥78.0m from 1Q 2020). Profit margin: 9.0% (up from net loss in 1Q 2020). The move to profitability 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 12% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 03New 90-day low: CN¥14.57The company is down 19% from its price of CN¥18.06 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.63 per share.Is New 90 Day High Low • Dec 10New 90-day low: CN¥15.67The company is down 11% from its price of CN¥17.70 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.78 per share.Is New 90 Day High Low • Nov 12New 90-day low: CN¥16.72The company is down 14% from its price of CN¥19.35 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications 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¥40.99 per share.공지 • Oct 27Glarun Technology Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020Glarun Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020공지 • Jul 18Glarun Technology Co., Ltd. to Report First Half, 2020 Results on Aug 31, 2020Glarun Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 31, 2020이익 및 매출 성장 예측SHSE:600562 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,684965N/A1,540112/31/20274,932988N/A505312/31/20263,517660N/A87113/31/20263,502630349384N/A12/31/20253,358629357394N/A9/30/20253,533634276297N/A6/30/20253,563634924N/A3/31/20253,202590-248-219N/A12/31/20243,400630-335-305N/A9/30/20243,142574449N/A6/30/20243,282610230278N/A3/31/20243,272602387423N/A12/31/20233,282599378414N/A9/30/20233,330581-86-43N/A6/30/20233,30759162109N/A3/31/20233,210576330373N/A12/31/20223,225549398441N/A9/30/20223,085627225247N/A6/30/20223,2636415171N/A3/31/20223,186537-217-194N/A12/31/20213,432526127N/A9/30/20213,542473335358N/A6/30/20213,542472369391N/A3/31/20214,184535230253N/A12/31/20203,606466358384N/A9/30/20203,662426315338N/A6/30/20203,915440266300N/A3/31/20203,433400-160-122N/A12/31/20193,384410N/A-322N/A9/30/20192,512246N/A-292N/A6/30/20191,765157N/A-295N/A3/31/20191,07438N/A174N/A12/31/20181,04338N/A139N/A9/30/20181,12470N/A-7N/A6/30/20181,170103N/A121N/A3/31/20181,169163N/A219N/A12/31/20171,154169N/A231N/A9/30/20171,267224N/A94N/A6/30/20171,258235N/A-2N/A3/31/20171,267228N/A-119N/A12/31/20161,258228N/A-47N/A9/30/20161,191214N/A-52N/A6/30/20161,195213N/A2N/A3/31/20161,146196N/A1N/A12/31/20151,092187N/A-8N/A9/30/2015981163N/A25N/A6/30/2015947147N/A-13N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 600562 의 연간 예상 수익 증가율(19.8%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 600562 의 연간 수익(19.8%)이 CN 시장(26.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 600562 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 600562 의 수익(연간 14.8%)이 CN 시장(연간 15.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 600562 의 수익(연간 14.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 600562의 자본 수익률은 3년 후 12.6%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 16:13종가2026/05/08 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 소스Glarun Technology Co.,Ltd는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Chenshuo FuCitic Securities Co., Ltd.Nick ZhengDeutsche BankJunh LiGuosen Securities Co., Ltd.4명의 분석가 더 보기
Major Estimate Revision • Apr 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.694 to CN¥0.617. Revenue forecast unchanged from CN¥4.10b at last update. Net income forecast to grow 38% next year vs 49% growth forecast for Communications industry in China. Consensus price target of CN¥20.54 unchanged from last update. Share price rose 12% to CN¥20.80 over the past week.
Price Target Changed • Aug 26Price target decreased by 19% to CN¥20.88Down from CN¥25.80, the current price target is provided by 1 analyst. New target price is 59% above last closing price of CN¥13.11. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.
Price Target Changed • Apr 27Price target increased by 13% to CN¥22.55Up from CN¥19.97, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CN¥14.47. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.
Price Target Changed • May 04Price target increased by 8.0% to CN¥18.15Up from CN¥16.80, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥16.12. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.44 last year.
Price Target Changed • Nov 16Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥16.65. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.42 last year.
Price Target Changed • Apr 27Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 42% above last closing price of CN¥13.61. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.38 last year.
Reported Earnings • Apr 23Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥0.51 (in line with FY 2024). Revenue: CN¥3.36b (down 1.2% from FY 2024). Net income: CN¥628.5m (flat on FY 2024). Profit margin: 19% (in line with FY 2024). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Apr 23Glarun Technology Co.,Ltd, Annual General Meeting, May 14, 2026Glarun Technology Co.,Ltd, Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: 22F, Building 1, No. 359, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu China
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥27.62, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 64x in the Communications industry in China. Total returns to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.93 per share.
공지 • Mar 30Glarun Technology Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026Glarun Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026
Buy Or Sell Opportunity • Jan 13Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.4% to CN¥31.11. The fair value is estimated to be CN¥40.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 2.7%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 58% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥34.41, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 51x in the Communications industry in China. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.98 per share.
공지 • Dec 26Glarun Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026Glarun Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026
Reported Earnings • Oct 25Third quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.019 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.019 (in line with 3Q 2024). Revenue: CN¥396.8m (down 7.0% from 3Q 2024). Net income: CN¥22.9m (up 1.2% from 3Q 2024). Profit margin: 5.8% (up from 5.3% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Sep 30Glarun Technology Co.,Ltd to Report Q3, 2025 Results on Oct 25, 2025Glarun Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 25, 2025
Declared Dividend • Jul 02Dividend increased to CN¥0.16Dividend of CN¥0.16 is 8.3% higher than last year. Ex-date: 4th July 2025 Payment date: 4th July 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but 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 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 73% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Jun 30Glarun Technology Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025Glarun Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025
New Risk • Jun 13New 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 8.2% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥30.33, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 45x in the Communications industry in China. Total returns to shareholders of 107% over the past three years.
New Risk • May 12New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Valuation Update With 7 Day Price Move • May 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥24.96, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 40x in the Communications industry in China. Total returns to shareholders of 81% over the past three years.
Major Estimate Revision • Apr 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.694 to CN¥0.617. Revenue forecast unchanged from CN¥4.10b at last update. Net income forecast to grow 38% next year vs 49% growth forecast for Communications industry in China. Consensus price target of CN¥20.54 unchanged from last update. Share price rose 12% to CN¥20.80 over the past week.
Reported Earnings • Apr 23First quarter 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.09 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.06 (down from CN¥0.09 in 1Q 2024). Revenue: CN¥363.3m (down 35% from 1Q 2024). Net income: CN¥75.3m (down 35% from 1Q 2024). Profit margin: 21% (in line with 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Apr 20Glarun Technology Co.,Ltd, Annual General Meeting, May 13, 2025Glarun Technology Co.,Ltd, Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: 22F, Building 1, No. 359, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu China
공지 • Mar 28Glarun Technology Co.,Ltd to Report Q1, 2025 Results on Apr 19, 2025Glarun Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 19, 2025
공지 • Dec 27Glarun Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025Glarun Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥20.25, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 22% over the past three years.
Reported Earnings • Oct 26Third quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.049 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.019 (down from CN¥0.049 in 3Q 2023). Revenue: CN¥426.6m (down 25% from 3Q 2023). Net income: CN¥22.7m (down 61% from 3Q 2023). Profit margin: 5.3% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year.
Valuation Update With 7 Day Price Move • Oct 22Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥18.28, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.27 per share.
Buy Or Sell Opportunity • Oct 09Now 21% undervaluedOver the last 90 days, the stock has risen 20% to CN¥16.02. The fair value is estimated to be CN¥20.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 6.7%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 53% in the next 2 years.
공지 • Sep 30Glarun Technology Co.,Ltd to Report Q3, 2024 Results on Oct 26, 2024Glarun Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥15.41, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.35 per share.
Price Target Changed • Aug 26Price target decreased by 19% to CN¥20.88Down from CN¥25.80, the current price target is provided by 1 analyst. New target price is 59% above last closing price of CN¥13.11. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.
Reported Earnings • Aug 25Second quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.18 in 2Q 2023). Revenue: CN¥996.5m (up 1.1% from 2Q 2023). Net income: CN¥230.1m (up 3.4% from 2Q 2023). Profit margin: 23% (in line with 2Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 08Dividend of CN¥0.14 announcedShareholders will receive a dividend of CN¥0.14. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공지 • Jun 28Glarun Technology Co.,Ltd to Report First Half, 2024 Results on Aug 24, 2024Glarun Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 24, 2024
Price Target Changed • Apr 27Price target increased by 13% to CN¥22.55Up from CN¥19.97, the current price target is an average from 2 analysts. New target price is 56% above last closing price of CN¥14.47. Stock is down 10% over the past year. The company is forecast to post earnings per share of CN¥0.65 for next year compared to CN¥0.48 last year.
공지 • Apr 26Glarun Technology Co.,Ltd, Annual General Meeting, May 16, 2024Glarun Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.09 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.09 (in line with 1Q 2023). Revenue: CN¥562.0m (down 1.8% from 1Q 2023). Net income: CN¥115.5m (up 2.7% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공지 • Mar 29Glarun Technology Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024Glarun Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024
Reported Earnings • Feb 06Full year 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.44 in FY 2022)Full year 2023 results: EPS: CN¥0.48 (up from CN¥0.44 in FY 2022). Revenue: CN¥3.28b (up 1.8% from FY 2022). Net income: CN¥599.2m (up 9.1% from FY 2022). Profit margin: 18% (up from 17% in FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥9.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Communications industry in China. Total loss to shareholders of 26% over the past three years.
공지 • Dec 29Glarun Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024Glarun Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.054 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.049 (down from CN¥0.054 in 3Q 2022). Revenue: CN¥566.4m (up 4.2% from 3Q 2022). Net income: CN¥58.6m (down 14% from 3Q 2022). Profit margin: 10% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공지 • Sep 30Glarun Technology Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023Glarun Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.17 in 2Q 2022). Revenue: CN¥985.9m (up 11% from 2Q 2022). Net income: CN¥222.6m (up 7.3% from 2Q 2022). Profit margin: 23% (in line with 2Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공지 • Jun 28Glarun Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023Glarun Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023
Price Target Changed • May 04Price target increased by 8.0% to CN¥18.15Up from CN¥16.80, the current price target is an average from 2 analysts. New target price is 13% above last closing price of CN¥16.12. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.44 last year.
Reported Earnings • Apr 28First quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.07 in 1Q 2022). Revenue: CN¥572.4m (down 2.6% from 1Q 2022). Net income: CN¥112.5m (up 31% from 1Q 2022). Profit margin: 20% (up from 15% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Nov 16Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 16% above last closing price of CN¥16.65. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of CN¥0.52 for next year compared to CN¥0.42 last year.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.054 (vs CN¥0.07 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.054 (down from CN¥0.07 in 3Q 2021). Revenue: CN¥543.4m (down 25% from 3Q 2021). Net income: CN¥68.6m (down 17% from 3Q 2021). Profit margin: 13% (up from 11% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 28Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.08 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.08 in 2Q 2021). Revenue: CN¥888.5m (up 9.5% from 2Q 2021). Net income: CN¥207.5m (up 100% from 2Q 2021). Profit margin: 23% (up from 13% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 56%, compared to a 32% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 28First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: CN¥0.07 (up from CN¥0.06 in 1Q 2021). Revenue: CN¥587.7m (down 30% from 1Q 2021). Net income: CN¥86.2m (up 15% from 1Q 2021). Profit margin: 15% (up from 9.0% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 2.3%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Price Target Changed • Apr 27Price target increased to CN¥19.29Up from CN¥16.80, the current price target is provided by 1 analyst. New target price is 42% above last closing price of CN¥13.61. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of CN¥0.43 for next year compared to CN¥0.38 last year.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman Mingchun Hu was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.065 in 3Q 2020)The company reported a decent third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥721.3m (flat on 3Q 2020). Net income: CN¥82.3m (up 4.9% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to CN¥14.32, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 32x in the Communications industry in China. Total loss to shareholders of 10% over the past three years.
Reported Earnings • Aug 29Second quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.098 in 2Q 2020)The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: CN¥811.1m (down 50% from 2Q 2020). Net income: CN¥103.7m (down 42% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥17.66, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 31x in the Communications industry in China. Total returns to shareholders of 14% over the past three years.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.005 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥833.8m (up CN¥730.7m from 1Q 2020). Net income: CN¥75.0m (up CN¥78.0m from 1Q 2020). Profit margin: 9.0% (up from net loss in 1Q 2020). The move to profitability 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 12% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 03New 90-day low: CN¥14.57The company is down 19% from its price of CN¥18.06 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.63 per share.
Is New 90 Day High Low • Dec 10New 90-day low: CN¥15.67The company is down 11% from its price of CN¥17.70 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥45.78 per share.
Is New 90 Day High Low • Nov 12New 90-day low: CN¥16.72The company is down 14% from its price of CN¥19.35 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications 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¥40.99 per share.
공지 • Oct 27Glarun Technology Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020Glarun Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020
공지 • Jul 18Glarun Technology Co., Ltd. to Report First Half, 2020 Results on Aug 31, 2020Glarun Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 31, 2020