View ValuationBeijing Bayi Space LCD TechnologyLtd 향후 성장Future 기준 점검 1/6Beijing Bayice LCD TechnologyLtd의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Electronic 이익 성장32.6%매출 성장률18.3%향후 자기자본이익률7.52%애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Jun 01New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results.New Risk • May 29New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥48.65, the stock trades at a trailing P/E ratio of 77.2x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 93% over the past three years.New Risk • Apr 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 87% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.Reported Earnings • Apr 20First quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.19 (up from CN¥0.18 in 1Q 2025). Revenue: CN¥244.8m (up 14% from 1Q 2025). Net income: CN¥24.7m (up 2.9% from 1Q 2025). Profit margin: 10% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.공시 • Apr 20Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 08, 2026Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China공시 • Mar 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 18, 2026Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026Reported Earnings • Mar 05Full year 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.57 in FY 2024)Full year 2025 results: EPS: CN¥0.60 (up from CN¥0.57 in FY 2024). Revenue: CN¥871.1m (up 18% from FY 2024). Net income: CN¥78.3m (up 2.2% from FY 2024). Profit margin: 9.0% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.New Risk • Jan 06New major risk - Revenue and earnings growthEarnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.공시 • Dec 26Beijing Bayi Space LCD Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026Board Change • Dec 12Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yanjun Cui was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.New Risk • Oct 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin).공시 • Sep 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025Reported Earnings • Aug 20Second quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.23 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.23 in 2Q 2024). Revenue: CN¥201.2m (up 2.7% from 2Q 2024). Net income: CN¥6.83m (down 78% from 2Q 2024). Profit margin: 3.4% (down from 16% in 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥37.11, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 9.2% over the past three years.공시 • May 17Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares.Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share. The repurchased shares will be used for ESOP or equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special stock repurchase loan provided by Shanghai Pudong Development Bank Co., Ltd. Beijing Branch. The program will be valid for 12 months.Reported Earnings • Apr 28First quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.14 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.14 in 1Q 2024). Revenue: CN¥214.2m (up 19% from 1Q 2024). Net income: CN¥24.0m (up 25% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.공시 • Apr 26Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 16, 2025Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing ChinaNew Risk • Apr 07New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥22.76, the stock trades at a trailing P/E ratio of 38.2x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years.공시 • Mar 28Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025분석 기사 • Mar 25Does Beijing Bayi Space LCD TechnologyLtd (SHSE:688181) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Feb 27Full year 2024 earnings released: EPS: CN¥0.59 (vs CN¥0.80 in FY 2023)Full year 2024 results: EPS: CN¥0.59 (down from CN¥0.80 in FY 2023). Revenue: CN¥748.1m (down 6.4% from FY 2023). Net income: CN¥79.3m (down 26% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.분석 기사 • Feb 24Unpleasant Surprises Could Be In Store For Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) SharesWith a price-to-earnings (or "P/E") ratio of 62.3x Beijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) may be...New Risk • Feb 05New 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 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 2.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).공시 • Dec 27Beijing Bayi Space LCD Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025공시 • Dec 10Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares.Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 41 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special stock repurchase loan provided by CITIC Bank Beijing Branch. The program will be valid for 12 months.분석 기사 • Dec 03Is Beijing Bayi Space LCD TechnologyLtd (SHSE:688181) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥33.43, the stock trades at a trailing P/E ratio of 61x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 4.6% over the past three years.New Risk • Nov 27New 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 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).분석 기사 • Nov 11Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) 56% Share Price Surge Not Quite Adding UpBeijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) shares have continued their recent momentum with a 56% gain...Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥26.58, the stock trades at a trailing P/E ratio of 48.5x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.089 (vs CN¥0.32 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.089 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥173.0m (down 21% from 3Q 2023). Net income: CN¥11.9m (down 72% from 3Q 2023). Profit margin: 6.9% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.New Risk • Oct 26New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).분석 기사 • Oct 24Beijing Bayi Space LCD TechnologyLtd (SHSE:688181) May Have Issues Allocating Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.00, the stock trades at a trailing P/E ratio of 24.6x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years.공시 • Sep 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Beijing Bayi Space LCD 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 26%After last week's 26% share price gain to CN¥19.77, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years.분석 기사 • Sep 27Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) Low P/E No Reason For ExcitementWith a price-to-earnings (or "P/E") ratio of 22.7x Beijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) may be...Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.27 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.27 in 2Q 2023). Revenue: CN¥195.8m (down 9.5% from 2Q 2023). Net income: CN¥30.5m (down 13% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 23% per year.공시 • Jun 28Beijing Bayi Space LCD Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 17, 2024Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 17, 2024Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥19.29, the stock trades at a trailing P/E ratio of 23.9x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 49% over the past three years.분석 기사 • May 03Beijing Bayi Space LCD TechnologyLtd's (SHSE:688181) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsBeijing Bayi Space LCD Technology Co.,Ltd.'s ( SHSE:688181 ) stock showed strength, with investors undeterred by its...공시 • Apr 29Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 17, 2024Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing ChinaReported Earnings • Apr 28First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥179.7m (down 6.1% from 1Q 2023). Net income: CN¥19.2m (up 3.9% from 1Q 2023). Profit margin: 11% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.분석 기사 • Apr 03Returns On Capital Signal Tricky Times Ahead For Beijing Bayi Space LCD TechnologyLtd (SHSE:688181)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...공시 • Mar 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024분석 기사 • Mar 06Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) Shares Bounce 26% But Its Business Still Trails The MarketThose holding Beijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) shares would be relieved that the share price...Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.81 (vs CN¥1.53 in FY 2022)Full year 2023 results: EPS: CN¥0.81 (down from CN¥1.53 in FY 2022). Revenue: CN¥799.5m (down 14% from FY 2022). Net income: CN¥107.9m (down 47% from FY 2022). Profit margin: 14% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than 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¥18.75, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.35 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.32 (down from CN¥0.35 in 3Q 2022). Revenue: CN¥218.2m (up 5.7% from 3Q 2022). Net income: CN¥41.9m (down 11% from 3Q 2022). Profit margin: 19% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% 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 Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (16% net profit margin).Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.49 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.27 (down from CN¥0.49 in 2Q 2022). Revenue: CN¥216.2m (down 17% from 2Q 2022). Net income: CN¥35.2m (down 46% from 2Q 2022). Profit margin: 16% (down from 25% in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic 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 fallen by 21% per year, which means it is significantly lagging earnings.공시 • Jun 28Beijing Bayi Space LCD Technology Co., Ltd. to Report First Half, 2023 Results on Aug 08, 2023Beijing Bayi Space LCD Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 08, 2023Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥35.77, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 27% over the past three years.Reported Earnings • Apr 21Full year 2022 earnings released: EPS: CN¥2.14 (vs CN¥2.14 in FY 2021)Full year 2022 results: EPS: CN¥2.14 (in line with FY 2021). Revenue: CN¥934.3m (up 5.4% from FY 2021). Net income: CN¥203.9m (down 1.4% from FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥2.17 (vs CN¥2.14 in FY 2021)Full year 2022 results: EPS: CN¥2.17 (up from CN¥2.14 in FY 2021). Revenue: CN¥936.3m (up 5.6% from FY 2021). Net income: CN¥207.4m (flat on FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jin Lu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.68 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.68 in 3Q 2021). Revenue: CN¥206.4m (down 9.8% from 3Q 2021). Net income: CN¥46.8m (down 28% from 3Q 2021). Profit margin: 23% (down from 29% in 3Q 2021). The decrease in margin was driven by lower revenue.Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.57 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (up from CN¥0.57 in 2Q 2021). Revenue: CN¥261.1m (up 21% from 2Q 2021). Net income: CN¥65.0m (up 18% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021).Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥41.39, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 33x in the Electronic industry in China. Total loss to shareholders of 22% over the past year.Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.65 (vs CN¥0.50 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.65 (up from CN¥0.50 in 1Q 2021). Revenue: CN¥258.5m (up 25% from 1Q 2021). Net income: CN¥62.7m (up 30% from 1Q 2021). Profit margin: 24% (in line with 1Q 2021).공시 • Mar 02Beijing Bayi Space LCD Technology Co., Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares.Beijing Bayi Space LCD Technology Co., Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 60 per share. The purpose of the program is ESOP or equity incentives. The program will be valid for 12 months.Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CN¥2.14 (up from CN¥1.77 in FY 2020). Revenue: CN¥886.8m (up 37% from FY 2020). Net income: CN¥206.9m (up 21% from FY 2020). Profit margin: 23% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.50 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥228.8m (up 39% from 3Q 2020). Net income: CN¥65.5m (up 35% from 3Q 2020). Profit margin: 29% (in line with 3Q 2020).Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.48 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥215.8m (up 44% from 2Q 2020). Net income: CN¥55.0m (up 20% from 2Q 2020). Profit margin: 26% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses.Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥1.77 (vs CN¥1.52 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥648.7m (up 51% from FY 2019). Net income: CN¥170.5m (up 55% from FY 2019). Profit margin: 26% (in line with FY 2019).Is New 90 Day High Low • Jan 29New 90-day low: CN¥48.96The company is down 23% from its price of CN¥63.61 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.Is New 90 Day High Low • Dec 28New 90-day low: CN¥51.49The company is down 23% from its price of CN¥66.70 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day low: CN¥57.44The company is down 13% from its price of CN¥66.09 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period.Is New 90 Day High Low • Nov 25New 90-day low: CN¥61.41The company is down 11% from its price of CN¥68.87 on 27 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 Electronic industry, which is flat over the same period.공시 • Jul 08Beijing Bayi Space LCD Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020Beijing Bayi Space LCD Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020이익 및 매출 성장 예측SHSE:688181 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,494N/AN/A265112/31/20271,258N/AN/A210112/31/20261,054N/AN/A31113/31/202689982-14163N/A12/31/202586881-18854N/A9/30/202583461-26642N/A6/30/202577758-181124N/A3/31/202577281-183119N/A12/31/202473777-118169N/A9/30/202472273-138193N/A6/30/2024767103-277229N/A3/31/2024788108-299322N/A12/31/2023799107-419266N/A9/30/2023834125-522176N/A6/30/2023822130-494149N/A3/31/2023867160-361152N/A12/31/2022934204-198181N/A9/30/2022961212-81231N/A6/30/2022983231-19221N/A3/31/2022938221-73162N/A12/31/2021887207-27193N/A9/30/202185320617163N/A6/30/202178818981150N/A3/31/202172218093141N/A12/31/202064917089129N/A9/30/202056015564114N/A6/30/202050913769117N/A3/31/202046412045109N/A12/31/2019430110N/A99N/A9/30/2019415113N/A103N/A6/30/2019397107N/A89N/A3/31/2019394111N/A73N/A12/31/2018394114N/A102N/A9/30/2018378112N/A89N/A6/30/2018362110N/A76N/A3/31/201829682N/A51N/A12/31/201723153N/A24N/A9/30/201718836N/A23N/A6/30/201714519N/A21N/A3/31/201713918N/A23N/A1/1/201713317N/A26N/A9/30/201611812N/A13N/A6/30/20161037N/A1N/A3/31/2016914N/A-10N/A12/31/2015811N/A-17N/A9/30/2015736N/A1N/A6/30/20156810N/A23N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 688181 의 예상 수익 증가율이 절약률(2.4%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 688181 의 수익이 CN 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 688181 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 688181 의 수익(연간 18.3%)이 CN 시장(연간 16.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 688181 의 수익(연간 18.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 688181의 자본 수익률은 3년 후 7.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/04 09:49종가2026/06/04 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 소스Beijing Bayi Space LCD Technology Co.,Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Chao LiCitic Securities Co., Ltd.Jin JiIndustrial Securities Co. Ltd.
New Risk • Jun 01New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results.
New Risk • May 29New 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • May 28Investor sentiment improves as stock rises 24%After last week's 24% share price gain to CN¥48.65, the stock trades at a trailing P/E ratio of 77.2x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 93% over the past three years.
New Risk • Apr 26New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 87% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Apr 20First quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.19 (up from CN¥0.18 in 1Q 2025). Revenue: CN¥244.8m (up 14% from 1Q 2025). Net income: CN¥24.7m (up 2.9% from 1Q 2025). Profit margin: 10% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
공시 • Apr 20Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 08, 2026Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China
공시 • Mar 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 18, 2026Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026
Reported Earnings • Mar 05Full year 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.57 in FY 2024)Full year 2025 results: EPS: CN¥0.60 (up from CN¥0.57 in FY 2024). Revenue: CN¥871.1m (up 18% from FY 2024). Net income: CN¥78.3m (up 2.2% from FY 2024). Profit margin: 9.0% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
New Risk • Jan 06New major risk - Revenue and earnings growthEarnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
공시 • Dec 26Beijing Bayi Space LCD Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026
Board Change • Dec 12Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yanjun Cui was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
New Risk • Oct 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin).
공시 • Sep 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025
Reported Earnings • Aug 20Second quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.23 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.23 in 2Q 2024). Revenue: CN¥201.2m (up 2.7% from 2Q 2024). Net income: CN¥6.83m (down 78% from 2Q 2024). Profit margin: 3.4% (down from 16% in 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥37.11, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 9.2% over the past three years.
공시 • May 17Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares.Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share. The repurchased shares will be used for ESOP or equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special stock repurchase loan provided by Shanghai Pudong Development Bank Co., Ltd. Beijing Branch. The program will be valid for 12 months.
Reported Earnings • Apr 28First quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.14 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.14 in 1Q 2024). Revenue: CN¥214.2m (up 19% from 1Q 2024). Net income: CN¥24.0m (up 25% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
공시 • Apr 26Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 16, 2025Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China
New Risk • Apr 07New 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 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥22.76, the stock trades at a trailing P/E ratio of 38.2x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years.
공시 • Mar 28Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
분석 기사 • Mar 25Does Beijing Bayi Space LCD TechnologyLtd (SHSE:688181) Have A Healthy Balance Sheet?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Feb 27Full year 2024 earnings released: EPS: CN¥0.59 (vs CN¥0.80 in FY 2023)Full year 2024 results: EPS: CN¥0.59 (down from CN¥0.80 in FY 2023). Revenue: CN¥748.1m (down 6.4% from FY 2023). Net income: CN¥79.3m (down 26% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
분석 기사 • Feb 24Unpleasant Surprises Could Be In Store For Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) SharesWith a price-to-earnings (or "P/E") ratio of 62.3x Beijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) may be...
New Risk • Feb 05New 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 11% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 2.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).
공시 • Dec 27Beijing Bayi Space LCD Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
공시 • Dec 10Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares.Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 41 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special stock repurchase loan provided by CITIC Bank Beijing Branch. The program will be valid for 12 months.
분석 기사 • Dec 03Is Beijing Bayi Space LCD TechnologyLtd (SHSE:688181) A Risky Investment?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Nov 29Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥33.43, the stock trades at a trailing P/E ratio of 61x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 4.6% over the past three years.
New Risk • Nov 27New 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 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).
분석 기사 • Nov 11Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) 56% Share Price Surge Not Quite Adding UpBeijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) shares have continued their recent momentum with a 56% gain...
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥26.58, the stock trades at a trailing P/E ratio of 48.5x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.089 (vs CN¥0.32 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.089 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥173.0m (down 21% from 3Q 2023). Net income: CN¥11.9m (down 72% from 3Q 2023). Profit margin: 6.9% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
New Risk • Oct 26New major risk - Revenue and earnings growthEarnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin).
분석 기사 • Oct 24Beijing Bayi Space LCD TechnologyLtd (SHSE:688181) May Have Issues Allocating Its CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥19.00, the stock trades at a trailing P/E ratio of 24.6x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years.
공시 • Sep 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024Beijing Bayi Space LCD 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 26%After last week's 26% share price gain to CN¥19.77, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years.
분석 기사 • Sep 27Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) Low P/E No Reason For ExcitementWith a price-to-earnings (or "P/E") ratio of 22.7x Beijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) may be...
Reported Earnings • Aug 17Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.27 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.27 in 2Q 2023). Revenue: CN¥195.8m (down 9.5% from 2Q 2023). Net income: CN¥30.5m (down 13% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 23% per year.
공시 • Jun 28Beijing Bayi Space LCD Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 17, 2024Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 17, 2024
Valuation Update With 7 Day Price Move • Jun 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥19.29, the stock trades at a trailing P/E ratio of 23.9x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 49% over the past three years.
분석 기사 • May 03Beijing Bayi Space LCD TechnologyLtd's (SHSE:688181) Sluggish Earnings Might Be Just The Beginning Of Its ProblemsBeijing Bayi Space LCD Technology Co.,Ltd.'s ( SHSE:688181 ) stock showed strength, with investors undeterred by its...
공시 • Apr 29Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 17, 2024Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China
Reported Earnings • Apr 28First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥179.7m (down 6.1% from 1Q 2023). Net income: CN¥19.2m (up 3.9% from 1Q 2023). Profit margin: 11% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year.
분석 기사 • Apr 03Returns On Capital Signal Tricky Times Ahead For Beijing Bayi Space LCD TechnologyLtd (SHSE:688181)If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
공시 • Mar 30Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024
분석 기사 • Mar 06Beijing Bayi Space LCD Technology Co.,Ltd.'s (SHSE:688181) Shares Bounce 26% But Its Business Still Trails The MarketThose holding Beijing Bayi Space LCD Technology Co.,Ltd. ( SHSE:688181 ) shares would be relieved that the share price...
Reported Earnings • Feb 27Full year 2023 earnings released: EPS: CN¥0.81 (vs CN¥1.53 in FY 2022)Full year 2023 results: EPS: CN¥0.81 (down from CN¥1.53 in FY 2022). Revenue: CN¥799.5m (down 14% from FY 2022). Net income: CN¥107.9m (down 47% from FY 2022). Profit margin: 14% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than 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¥18.75, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.35 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.32 (down from CN¥0.35 in 3Q 2022). Revenue: CN¥218.2m (up 5.7% from 3Q 2022). Net income: CN¥41.9m (down 11% from 3Q 2022). Profit margin: 19% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% 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 Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (16% net profit margin).
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.49 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.27 (down from CN¥0.49 in 2Q 2022). Revenue: CN¥216.2m (down 17% from 2Q 2022). Net income: CN¥35.2m (down 46% from 2Q 2022). Profit margin: 16% (down from 25% in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic 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 fallen by 21% per year, which means it is significantly lagging earnings.
공시 • Jun 28Beijing Bayi Space LCD Technology Co., Ltd. to Report First Half, 2023 Results on Aug 08, 2023Beijing Bayi Space LCD Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 08, 2023
Valuation Update With 7 Day Price Move • Apr 27Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥35.77, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 27% over the past three years.
Reported Earnings • Apr 21Full year 2022 earnings released: EPS: CN¥2.14 (vs CN¥2.14 in FY 2021)Full year 2022 results: EPS: CN¥2.14 (in line with FY 2021). Revenue: CN¥934.3m (up 5.4% from FY 2021). Net income: CN¥203.9m (down 1.4% from FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: CN¥2.17 (vs CN¥2.14 in FY 2021)Full year 2022 results: EPS: CN¥2.17 (up from CN¥2.14 in FY 2021). Revenue: CN¥936.3m (up 5.6% from FY 2021). Net income: CN¥207.4m (flat on FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Jin Lu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 26Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.68 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.68 in 3Q 2021). Revenue: CN¥206.4m (down 9.8% from 3Q 2021). Net income: CN¥46.8m (down 28% from 3Q 2021). Profit margin: 23% (down from 29% in 3Q 2021). The decrease in margin was driven by lower revenue.
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.57 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (up from CN¥0.57 in 2Q 2021). Revenue: CN¥261.1m (up 21% from 2Q 2021). Net income: CN¥65.0m (up 18% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021).
Valuation Update With 7 Day Price Move • Jun 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to CN¥41.39, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 33x in the Electronic industry in China. Total loss to shareholders of 22% over the past year.
Reported Earnings • Apr 28First quarter 2022 earnings released: EPS: CN¥0.65 (vs CN¥0.50 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.65 (up from CN¥0.50 in 1Q 2021). Revenue: CN¥258.5m (up 25% from 1Q 2021). Net income: CN¥62.7m (up 30% from 1Q 2021). Profit margin: 24% (in line with 1Q 2021).
공시 • Mar 02Beijing Bayi Space LCD Technology Co., Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares.Beijing Bayi Space LCD Technology Co., Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 60 per share. The purpose of the program is ESOP or equity incentives. The program will be valid for 12 months.
Reported Earnings • Feb 27Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: CN¥2.14 (up from CN¥1.77 in FY 2020). Revenue: CN¥886.8m (up 37% from FY 2020). Net income: CN¥206.9m (up 21% from FY 2020). Profit margin: 23% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.50 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥228.8m (up 39% from 3Q 2020). Net income: CN¥65.5m (up 35% from 3Q 2020). Profit margin: 29% (in line with 3Q 2020).
Reported Earnings • Aug 18Second quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.48 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥215.8m (up 44% from 2Q 2020). Net income: CN¥55.0m (up 20% from 2Q 2020). Profit margin: 26% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses.
Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥1.77 (vs CN¥1.52 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥648.7m (up 51% from FY 2019). Net income: CN¥170.5m (up 55% from FY 2019). Profit margin: 26% (in line with FY 2019).
Is New 90 Day High Low • Jan 29New 90-day low: CN¥48.96The company is down 23% from its price of CN¥63.61 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Dec 28New 90-day low: CN¥51.49The company is down 23% from its price of CN¥66.70 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day low: CN¥57.44The company is down 13% from its price of CN¥66.09 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Nov 25New 90-day low: CN¥61.41The company is down 11% from its price of CN¥68.87 on 27 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 Electronic industry, which is flat over the same period.
공시 • Jul 08Beijing Bayi Space LCD Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020Beijing Bayi Space LCD Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020