View Future GrowthKaiyuan Education Technology Group 과거 순이익 실적과거 기준 점검 0/6Kaiyuan Education Technology Group은 연평균 33.6%의 비율로 수입이 증가해 온 반면, Electronic 산업은 연평균 0.4%의 비율로 증가했습니다. 매출은 연평균 41.4%의 비율로 감소했습니다.핵심 정보33.62%순이익 성장률37.94%주당순이익(EPS) 성장률Electronic 산업 성장률10.93%매출 성장률-41.37%자기자본이익률n/a순이익률-110.49%다음 순이익 업데이트28 Aug 2026최근 과거 실적 업데이트공고 • Jun 30Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026Reported Earnings • Apr 28Full year 2025 earnings released: CN¥0.34 loss per share (vs CN¥0.35 loss in FY 2024)Full year 2025 results: CN¥0.34 loss per share (improved from CN¥0.35 loss in FY 2024). Revenue: CN¥136.0m (down 20% from FY 2024). Net loss: CN¥137.7m (loss narrowed 2.6% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공고 • Mar 31Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공고 • Dec 31Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026Reported Earnings • Oct 27Third quarter 2025 earnings released: CN¥0.047 loss per share (vs CN¥0.045 loss in 3Q 2024)Third quarter 2025 results: CN¥0.047 loss per share (further deteriorated from CN¥0.045 loss in 3Q 2024). Revenue: CN¥36.9m (down 12% from 3Q 2024). Net loss: CN¥19.1m (loss widened 5.7% from 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025모든 업데이트 보기Recent updates공고 • Jun 30Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026New Risk • Jun 30New 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 8.7% 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 Negative equity (-CN¥128m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).New Risk • Apr 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥141m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥141m free cash flow). Negative equity (-CN¥112m).Reported Earnings • Apr 28Full year 2025 earnings released: CN¥0.34 loss per share (vs CN¥0.35 loss in FY 2024)Full year 2025 results: CN¥0.34 loss per share (improved from CN¥0.35 loss in FY 2024). Revenue: CN¥136.0m (down 20% from FY 2024). Net loss: CN¥137.7m (loss narrowed 2.6% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.공고 • Apr 28Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2026Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China공고 • Mar 31Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026공고 • Dec 31Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026Reported Earnings • Oct 27Third quarter 2025 earnings released: CN¥0.047 loss per share (vs CN¥0.045 loss in 3Q 2024)Third quarter 2025 results: CN¥0.047 loss per share (further deteriorated from CN¥0.045 loss in 3Q 2024). Revenue: CN¥36.9m (down 12% from 3Q 2024). Net loss: CN¥19.1m (loss widened 5.7% from 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025New Risk • Sep 07New minor risk - Negative shareholders equityThe company has negative equity. Total equity: -CN¥18m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. This is currently the only risk that has been identified for the company.공고 • Jul 02Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025공고 • Apr 28Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2025Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2025, at 15:30 China Standard Time. Location: 5F, Building C, No. 4, Taixing Road, Yongping Street, Baiyun District, Guangzhou, Guangdong China분석 기사 • Apr 01There's Reason For Concern Over Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) Massive 32% Price JumpThose holding Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares would be relieved that the share...공고 • Mar 31Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025분석 기사 • Jan 13Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) Popularity With Investors Under Threat As Stock Sinks 26%Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares have retraced a considerable 26% in the last month...공고 • Dec 31Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.045 loss per share (vs CN¥0.07 loss in 3Q 2023)Third quarter 2024 results: CN¥0.045 loss per share (improved from CN¥0.07 loss in 3Q 2023). Revenue: CN¥42.1m (down 46% from 3Q 2023). Net loss: CN¥18.1m (loss narrowed 36% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024분석 기사 • Sep 26Optimistic Investors Push Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) Shares Up 41% But Growth Is LackingDespite an already strong run, Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares have been powering...Reported Earnings • Aug 29Second quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.023 loss in 2Q 2023)Second quarter 2024 results: CN¥0.024 loss per share (further deteriorated from CN¥0.023 loss in 2Q 2023). Revenue: CN¥59.8m (down 44% from 2Q 2023). Net loss: CN¥11.1m (loss widened 23% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.분석 기사 • Aug 06Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) 28% Price Boost Is Out Of Tune With RevenuesKaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shareholders would be excited to see that the share price...공고 • Jun 29Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024분석 기사 • Jun 21The Market Doesn't Like What It Sees From Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) Revenues Yet As Shares Tumble 31%To the annoyance of some shareholders, Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares are down a...New Risk • Jun 05New major risk - Revenue and earnings growthEarnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥15m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-CN¥118m). Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (CN¥437.4m market cap, or US$60.4m).분석 기사 • May 06Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) Not Doing Enough For Some Investors As Its Shares Slump 28%Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shareholders won't be pleased to see that the share price...Reported Earnings • May 01First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.011 profit in 1Q 2023)First quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.011 profit in 1Q 2023). Revenue: CN¥37.9m (down 65% from 1Q 2023). Net loss: CN¥6.89m (down 260% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.공고 • May 01Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 21, 2024Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 21, 2024, at 15:30 China Standard Time. Location: 7F, Building 3, No. 20, Puyuan Road, Yuehu Subdistrict, Kaifu District, Changsha, Hunan ChinaNew Risk • Apr 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding).공고 • Mar 30Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024분석 기사 • Mar 07Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) Surges 53% Yet Its Low P/S Is No Reason For ExcitementKaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shareholders are no doubt pleased to see that the share...Board Change • Mar 01High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Yanan Bao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.New Risk • Feb 05New 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).공고 • Feb 03Kaiyuan Education Technology Group Co., Ltd. Announces Executive AppointmentsKaiyuan Education Technology Group Co., Ltd. at the Extraordinary General Meeting of 2024 held on 01 February 2024 approved election and nomination of non-independent directors, cumulative voting system applicable: Bao Yanan, non-independent director; Xiang Shun, non-independent director; An Jiuwen, non-independent director; Election and nomination of independent directors, cumulative voting system applicable: Liu Qinglin, independent director and Zhao Jinqiang, independent director; Election and nomination of non-employee supervisors, cumulative voting system applicable: Li Daorong, non-employee supervisor and Liu Bin, non-employee supervisor.Board Change • Jan 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hua Bo Ning 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.공고 • Dec 30Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024Reported Earnings • Oct 26Third quarter 2023 earnings released: CN¥0.07 loss per share (vs CN¥0.40 profit in 3Q 2022)Third quarter 2023 results: CN¥0.07 loss per share (down from CN¥0.40 profit in 3Q 2022). Revenue: CN¥77.9m (down 51% from 3Q 2022). Net loss: CN¥28.1m (down 121% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥5.01, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 44x in the Electronic industry in China. Total loss to shareholders of 42% over the past three years.New Risk • Aug 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (264% accrual ratio). Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding).Reported Earnings • Aug 28Second quarter 2023 earnings released: CN¥0.023 loss per share (vs CN¥0.055 loss in 2Q 2022)Second quarter 2023 results: CN¥0.023 loss per share (improved from CN¥0.055 loss in 2Q 2022). Revenue: CN¥107.4m (down 21% from 2Q 2022). Net loss: CN¥9.04m (loss narrowed 52% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.New Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (116% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.15 loss in 1Q 2022)First quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.15 loss in 1Q 2022). Revenue: CN¥107.3m (down 37% from 1Q 2022). Net income: CN¥4.32m (up CN¥54.3m from 1Q 2022). Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥1.36 loss in FY 2021)Full year 2022 results: EPS: CN¥0.10 (up from CN¥1.36 loss in FY 2021). Revenue: CN¥647.1m (down 31% from FY 2021). Net income: CN¥34.6m (up CN¥495.4m from FY 2021). Profit margin: 5.3% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.공고 • Feb 07Li Xi completed the acquisition of 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338).Li Xi agreed to acquire 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) for CNY 50 million on January 30, 2023. The board of Kaiyuan Education Technology Group has approved the deal on January 30, 2023.Li Xi completed the acquisition of 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) on February 6, 2023. As of February 6, 2023, The transfer has completed the registration modification and filing and issuance of business license. At the same time, Li Xi has paid the price of CNY 50 million.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fulin Ding was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.17 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.40 (up from CN¥0.17 loss in 3Q 2021). Revenue: CN¥158.5m (down 45% from 3Q 2021). Net income: CN¥136.1m (up CN¥194.2m from 3Q 2021). Profit margin: 86% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 26Second quarter 2022 earnings released: CN¥0.055 loss per share (vs CN¥0.11 loss in 2Q 2021)Second quarter 2022 results: CN¥0.055 loss per share (up from CN¥0.11 loss in 2Q 2021). Revenue: CN¥136.1m (down 57% from 2Q 2021). Net loss: CN¥18.7m (loss narrowed 48% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.Reported Earnings • Apr 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: CN¥1.36 loss per share (up from CN¥2.25 loss in FY 2020). Revenue: CN¥930.8m (up 9.5% from FY 2020). Net loss: CN¥460.8m (loss narrowed 40% from FY 2020). Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fulin Ding was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: CN¥1.15 loss per share (up from CN¥2.25 loss in FY 2020). Revenue: CN¥965.1m (up 14% from FY 2020). Net loss: CN¥391.4m (loss narrowed 49% from FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 47%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Oct 26Third quarter 2021 earnings released: CN¥0.17 loss per share (vs CN¥0.027 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥286.5m (down 4.6% from 3Q 2020). Net loss: CN¥58.1m (loss widened CN¥48.9m from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 24Second quarter 2021 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥319.8m (up 38% from 2Q 2020). Net loss: CN¥36.2m (loss narrowed 11% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 25First quarter 2021 earnings released: CN¥0.25 loss per share (vs CN¥0.35 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥217.6m (up 57% from 1Q 2020). Net loss: CN¥86.0m (loss narrowed 29% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Is New 90 Day High Low • Jan 13New 90-day low: CN¥5.47The company is down 35% from its price of CN¥8.40 on 15 October 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 6.0% over the same period.Is New 90 Day High Low • Dec 28New 90-day low: CN¥6.92The company is down 18% from its price of CN¥8.47 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 • Nov 10New 90-day low: CN¥7.37The company is down 12% from its price of CN¥8.40 on 12 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 up 7.0% over the same period.Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥853.6m, with earnings decreasing by CN¥889.8m from the prior year. Total revenue was CN¥952.2m over the last 12 months, down 43% from the prior year.Is New 90 Day High Low • Oct 25New 90-day low: CN¥8.05The company is down 3.0% from its price of CN¥8.27 on 27 July 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 3.0% over the same period.공고 • Aug 13Changsha Kaiyuan Instruments Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020Changsha Kaiyuan Instruments Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020공고 • Jul 30Long Ailing completed the acquisition of 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen.Long Ailing agreed to acquire 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen for approximately CNY 120 million on June 24, 2020. Under the terms of the transaction, Long Ailing will pay CNY 7.05 per share to acquire 17.2 million shares in Changsha Kaiyuan Instruments Co., Ltd. Long Ailing shall pay the first share transfer price of CNY 24.252 million to Luo Jianwen within two days after this agreement takes effect and obtains the share agreement transfer confirmation issued by Shenzhen Stock Exchange. Long Ailing shall pay Luo Jianwen a share transfer price of CNY 36.378 million within 2 months from the date that Luo Jianwen completes the transfer of all subject shares to Long Ailing. Long Ailing shall pay the remaining share transfer price of CNY 60.63 million yuan to Luo Jianwen before December 30, 2020. Upon completion, Luo Jianwen will own 6.79% stake in Changsha Kaiyuan Instruments Co., Ltd. Long Ailing completed the acquisition of 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen on July 20, 2020.매출 및 비용 세부 내역Kaiyuan Education Technology Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이SZSE:300338 매출, 비용 및 순이익 (CNY Millions)날짜매출순이익일반관리비연구개발비31 Mar 26129-143132731 Dec 25136-138134830 Sep 25144-1691281030 Jun 25149-1681331231 Mar 25167-1521341431 Dec 24171-1411461630 Sep 24189-2781421830 Jun 24224-2881702031 Mar 24272-2861952431 Dec 23341-2752052530 Sep 23487-662252730 Jun 23568982032831 Mar 23596882723101 Jan 23659343443730 Sep 22571-2135035330 Jun 22699-4076645831 Mar 22883-4257796601 Jan 22931-4618477030 Sep 211,004-7749175330 Jun 211,017-7259116331 Mar 21929-7308566531 Dec 20850-7668466230 Sep 20952-8548239030 Jun 201,049-8358737731 Mar 201,272-7799536931 Dec 191,489-6359806730 Sep 191,681449297430 Jun 191,667718589631 Mar 191,5741047658831 Dec 181,454996789030 Sep 181,3771536227630 Jun 181,2661705126831 Mar 181,1311644286631 Dec 179811603555130 Sep 177201082662530 Jun 1751556219031 Mar 1735916155031 Dec 163416136030 Sep 1634413133030 Jun 163225135031 Mar 162964127031 Dec 152824129030 Sep 15237141210양질의 수익: 300338 은(는) 현재 수익성이 없습니다.이익 마진 증가: 300338는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 300338는 수익성이 없지만 지난 5년 동안 연평균 33.6%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 300338의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 300338은 수익성이 없어 지난 해 수익 성장률을 Electronic 업계(9.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 300338의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/14 10:07종가2026/08/14 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 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스Kaiyuan Education Technology Group Co., Ltd.는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kai LiuEverbright Securities Co. Ltd.Xin MeiHuatai ResearchYuebo LiIndustrial Securities Co. Ltd.1명의 분석가 더 보기
공고 • Jun 30Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
Reported Earnings • Apr 28Full year 2025 earnings released: CN¥0.34 loss per share (vs CN¥0.35 loss in FY 2024)Full year 2025 results: CN¥0.34 loss per share (improved from CN¥0.35 loss in FY 2024). Revenue: CN¥136.0m (down 20% from FY 2024). Net loss: CN¥137.7m (loss narrowed 2.6% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공고 • Mar 31Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공고 • Dec 31Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026
Reported Earnings • Oct 27Third quarter 2025 earnings released: CN¥0.047 loss per share (vs CN¥0.045 loss in 3Q 2024)Third quarter 2025 results: CN¥0.047 loss per share (further deteriorated from CN¥0.045 loss in 3Q 2024). Revenue: CN¥36.9m (down 12% from 3Q 2024). Net loss: CN¥19.1m (loss widened 5.7% from 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.
공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025
공고 • Jun 30Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026
New Risk • Jun 30New 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 8.7% 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 Negative equity (-CN¥128m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).
New Risk • Apr 28New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥141m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥141m free cash flow). Negative equity (-CN¥112m).
Reported Earnings • Apr 28Full year 2025 earnings released: CN¥0.34 loss per share (vs CN¥0.35 loss in FY 2024)Full year 2025 results: CN¥0.34 loss per share (improved from CN¥0.35 loss in FY 2024). Revenue: CN¥136.0m (down 20% from FY 2024). Net loss: CN¥137.7m (loss narrowed 2.6% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
공고 • Apr 28Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2026Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
공고 • Mar 31Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026
공고 • Dec 31Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026
Reported Earnings • Oct 27Third quarter 2025 earnings released: CN¥0.047 loss per share (vs CN¥0.045 loss in 3Q 2024)Third quarter 2025 results: CN¥0.047 loss per share (further deteriorated from CN¥0.045 loss in 3Q 2024). Revenue: CN¥36.9m (down 12% from 3Q 2024). Net loss: CN¥19.1m (loss widened 5.7% from 3Q 2024). 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 2% per year, which means it has not declined as severely as earnings.
공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025
New Risk • Sep 07New minor risk - Negative shareholders equityThe company has negative equity. Total equity: -CN¥18m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. This is currently the only risk that has been identified for the company.
공고 • Jul 02Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
공고 • Apr 28Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2025Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2025, at 15:30 China Standard Time. Location: 5F, Building C, No. 4, Taixing Road, Yongping Street, Baiyun District, Guangzhou, Guangdong China
분석 기사 • Apr 01There's Reason For Concern Over Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) Massive 32% Price JumpThose holding Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares would be relieved that the share...
공고 • Mar 31Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025
분석 기사 • Jan 13Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) Popularity With Investors Under Threat As Stock Sinks 26%Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares have retraced a considerable 26% in the last month...
공고 • Dec 31Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: CN¥0.045 loss per share (vs CN¥0.07 loss in 3Q 2023)Third quarter 2024 results: CN¥0.045 loss per share (improved from CN¥0.07 loss in 3Q 2023). Revenue: CN¥42.1m (down 46% from 3Q 2023). Net loss: CN¥18.1m (loss narrowed 36% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024
분석 기사 • Sep 26Optimistic Investors Push Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) Shares Up 41% But Growth Is LackingDespite an already strong run, Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares have been powering...
Reported Earnings • Aug 29Second quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.023 loss in 2Q 2023)Second quarter 2024 results: CN¥0.024 loss per share (further deteriorated from CN¥0.023 loss in 2Q 2023). Revenue: CN¥59.8m (down 44% from 2Q 2023). Net loss: CN¥11.1m (loss widened 23% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
분석 기사 • Aug 06Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) 28% Price Boost Is Out Of Tune With RevenuesKaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shareholders would be excited to see that the share price...
공고 • Jun 29Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024
분석 기사 • Jun 21The Market Doesn't Like What It Sees From Kaiyuan Education Technology Group Co., Ltd.'s (SZSE:300338) Revenues Yet As Shares Tumble 31%To the annoyance of some shareholders, Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shares are down a...
New Risk • Jun 05New major risk - Revenue and earnings growthEarnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥15m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-CN¥118m). Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (CN¥437.4m market cap, or US$60.4m).
분석 기사 • May 06Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) Not Doing Enough For Some Investors As Its Shares Slump 28%Kaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shareholders won't be pleased to see that the share price...
Reported Earnings • May 01First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.011 profit in 1Q 2023)First quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.011 profit in 1Q 2023). Revenue: CN¥37.9m (down 65% from 1Q 2023). Net loss: CN¥6.89m (down 260% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
공고 • May 01Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 21, 2024Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 21, 2024, at 15:30 China Standard Time. Location: 7F, Building 3, No. 20, Puyuan Road, Yuehu Subdistrict, Kaifu District, Changsha, Hunan China
New Risk • Apr 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding).
공고 • Mar 30Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024
분석 기사 • Mar 07Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) Surges 53% Yet Its Low P/S Is No Reason For ExcitementKaiyuan Education Technology Group Co., Ltd. ( SZSE:300338 ) shareholders are no doubt pleased to see that the share...
Board Change • Mar 01High number of new directorsThere are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Yanan Bao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
New Risk • Feb 05New 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. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change).
공고 • Feb 03Kaiyuan Education Technology Group Co., Ltd. Announces Executive AppointmentsKaiyuan Education Technology Group Co., Ltd. at the Extraordinary General Meeting of 2024 held on 01 February 2024 approved election and nomination of non-independent directors, cumulative voting system applicable: Bao Yanan, non-independent director; Xiang Shun, non-independent director; An Jiuwen, non-independent director; Election and nomination of independent directors, cumulative voting system applicable: Liu Qinglin, independent director and Zhao Jinqiang, independent director; Election and nomination of non-employee supervisors, cumulative voting system applicable: Li Daorong, non-employee supervisor and Liu Bin, non-employee supervisor.
Board Change • Jan 23Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hua Bo Ning 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.
공고 • Dec 30Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024
Reported Earnings • Oct 26Third quarter 2023 earnings released: CN¥0.07 loss per share (vs CN¥0.40 profit in 3Q 2022)Third quarter 2023 results: CN¥0.07 loss per share (down from CN¥0.40 profit in 3Q 2022). Revenue: CN¥77.9m (down 51% from 3Q 2022). Net loss: CN¥28.1m (down 121% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
공고 • Sep 30Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023
Valuation Update With 7 Day Price Move • Sep 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥5.01, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 44x in the Electronic industry in China. Total loss to shareholders of 42% over the past three years.
New Risk • Aug 29New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (264% accrual ratio). Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding).
Reported Earnings • Aug 28Second quarter 2023 earnings released: CN¥0.023 loss per share (vs CN¥0.055 loss in 2Q 2022)Second quarter 2023 results: CN¥0.023 loss per share (improved from CN¥0.055 loss in 2Q 2022). Revenue: CN¥107.4m (down 21% from 2Q 2022). Net loss: CN¥9.04m (loss narrowed 52% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
New Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (116% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.15 loss in 1Q 2022)First quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.15 loss in 1Q 2022). Revenue: CN¥107.3m (down 37% from 1Q 2022). Net income: CN¥4.32m (up CN¥54.3m from 1Q 2022). Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥1.36 loss in FY 2021)Full year 2022 results: EPS: CN¥0.10 (up from CN¥1.36 loss in FY 2021). Revenue: CN¥647.1m (down 31% from FY 2021). Net income: CN¥34.6m (up CN¥495.4m from FY 2021). Profit margin: 5.3% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
공고 • Feb 07Li Xi completed the acquisition of 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338).Li Xi agreed to acquire 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) for CNY 50 million on January 30, 2023. The board of Kaiyuan Education Technology Group has approved the deal on January 30, 2023.Li Xi completed the acquisition of 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) on February 6, 2023. As of February 6, 2023, The transfer has completed the registration modification and filing and issuance of business license. At the same time, Li Xi has paid the price of CNY 50 million.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fulin Ding was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.17 loss in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.40 (up from CN¥0.17 loss in 3Q 2021). Revenue: CN¥158.5m (down 45% from 3Q 2021). Net income: CN¥136.1m (up CN¥194.2m from 3Q 2021). Profit margin: 86% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 26Second quarter 2022 earnings released: CN¥0.055 loss per share (vs CN¥0.11 loss in 2Q 2021)Second quarter 2022 results: CN¥0.055 loss per share (up from CN¥0.11 loss in 2Q 2021). Revenue: CN¥136.1m (down 57% from 2Q 2021). Net loss: CN¥18.7m (loss narrowed 48% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Apr 30Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: CN¥1.36 loss per share (up from CN¥2.25 loss in FY 2020). Revenue: CN¥930.8m (up 9.5% from FY 2020). Net loss: CN¥460.8m (loss narrowed 40% from FY 2020). Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fulin Ding was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 27Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: CN¥1.15 loss per share (up from CN¥2.25 loss in FY 2020). Revenue: CN¥965.1m (up 14% from FY 2020). Net loss: CN¥391.4m (loss narrowed 49% from FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 47%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Oct 26Third quarter 2021 earnings released: CN¥0.17 loss per share (vs CN¥0.027 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥286.5m (down 4.6% from 3Q 2020). Net loss: CN¥58.1m (loss widened CN¥48.9m from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 24Second quarter 2021 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥319.8m (up 38% from 2Q 2020). Net loss: CN¥36.2m (loss narrowed 11% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 25First quarter 2021 earnings released: CN¥0.25 loss per share (vs CN¥0.35 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥217.6m (up 57% from 1Q 2020). Net loss: CN¥86.0m (loss narrowed 29% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Is New 90 Day High Low • Jan 13New 90-day low: CN¥5.47The company is down 35% from its price of CN¥8.40 on 15 October 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 6.0% over the same period.
Is New 90 Day High Low • Dec 28New 90-day low: CN¥6.92The company is down 18% from its price of CN¥8.47 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 • Nov 10New 90-day low: CN¥7.37The company is down 12% from its price of CN¥8.40 on 12 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 up 7.0% over the same period.
Reported Earnings • Oct 30Third quarter earnings releasedOver the last 12 months the company has reported total losses of CN¥853.6m, with earnings decreasing by CN¥889.8m from the prior year. Total revenue was CN¥952.2m over the last 12 months, down 43% from the prior year.
Is New 90 Day High Low • Oct 25New 90-day low: CN¥8.05The company is down 3.0% from its price of CN¥8.27 on 27 July 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 3.0% over the same period.
공고 • Aug 13Changsha Kaiyuan Instruments Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020Changsha Kaiyuan Instruments Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020
공고 • Jul 30Long Ailing completed the acquisition of 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen.Long Ailing agreed to acquire 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen for approximately CNY 120 million on June 24, 2020. Under the terms of the transaction, Long Ailing will pay CNY 7.05 per share to acquire 17.2 million shares in Changsha Kaiyuan Instruments Co., Ltd. Long Ailing shall pay the first share transfer price of CNY 24.252 million to Luo Jianwen within two days after this agreement takes effect and obtains the share agreement transfer confirmation issued by Shenzhen Stock Exchange. Long Ailing shall pay Luo Jianwen a share transfer price of CNY 36.378 million within 2 months from the date that Luo Jianwen completes the transfer of all subject shares to Long Ailing. Long Ailing shall pay the remaining share transfer price of CNY 60.63 million yuan to Luo Jianwen before December 30, 2020. Upon completion, Luo Jianwen will own 6.79% stake in Changsha Kaiyuan Instruments Co., Ltd. Long Ailing completed the acquisition of 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen on July 20, 2020.