View ValuationT&S CommunicationsLtd 향후 성장Future 기준 점검 6/6T&S CommunicationsLtd (는) 각각 연간 52.3% 및 38.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 52.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 35.7% 로 예상됩니다.핵심 정보52.3%이익 성장률52.25%EPS 성장률Communications 이익 성장46.7%매출 성장률38.5%향후 자기자본이익률35.74%애널리스트 커버리지Low마지막 업데이트24 Jun 2026최근 향후 성장 업데이트Major Estimate Revision • Jun 26Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.36b to CN¥2.13b. EPS estimate also fell from CN¥2.21 per share to CN¥1.96 per share. Net income forecast to grow 90% next year vs 104% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥148. Share price fell 13% to CN¥234 over the past week.Major Estimate Revision • Apr 07Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.79b to CN¥2.36b. EPS estimate fell from CN¥2.96 to CN¥2.22 per share. Net income forecast to grow 68% next year vs 72% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥145. Share price rose 6.8% to CN¥115 over the past week.Price Target Changed • Feb 24Price target increased by 7.4% to CN¥153Up from CN¥143, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥148. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.82 for next year compared to CN¥1.15 last year.Major Estimate Revision • Nov 22Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.07b to CN¥1.86b. EPS estimate fell from CN¥1.95 to CN¥1.70 per share. Net income forecast to grow 61% next year vs 65% growth forecast for Communications industry in China. Consensus price target down from CN¥151 to CN¥143. Share price fell 2.1% to CN¥87.00 over the past week.Price Target Changed • Jun 14Price target increased by 13% to CN¥118Up from CN¥105, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥88.32. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥2.05 for next year compared to CN¥1.15 last year.Price Target Changed • May 05Price target decreased by 8.6% to CN¥105Down from CN¥115, the current price target is an average from 3 analysts. New target price is 51% above last closing price of CN¥69.34. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥1.98 for next year compared to CN¥1.15 last year.모든 업데이트 보기Recent updates공고 • Jun 30T&S Communications Co.,Ltd. to Report First Half, 2026 Results on Aug 15, 2026T&S Communications Co.,Ltd. announced that they will report first half, 2026 results on Aug 15, 2026Major Estimate Revision • Jun 26Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.36b to CN¥2.13b. EPS estimate also fell from CN¥2.21 per share to CN¥1.96 per share. Net income forecast to grow 90% next year vs 104% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥148. Share price fell 13% to CN¥234 over the past week.Buy Or Sell Opportunity • May 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to CN¥170. The fair value is estimated to be CN¥140, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 181% in 2 years. Earnings are forecast to grow by 248% in the next 2 years.Buy Or Sell Opportunity • May 11Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 30% to CN¥179. The fair value is estimated to be CN¥139, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 181% in 2 years. Earnings are forecast to grow by 248% in the next 2 years.공고 • Apr 24T&S Communications Co.,Ltd., Annual General Meeting, May 15, 2026T&S Communications Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong ChinaMajor Estimate Revision • Apr 07Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.79b to CN¥2.36b. EPS estimate fell from CN¥2.96 to CN¥2.22 per share. Net income forecast to grow 68% next year vs 72% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥145. Share price rose 6.8% to CN¥115 over the past week.공고 • Mar 31T&S Communications Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026T&S Communications Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026Reported Earnings • Mar 31Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.32 (up from CN¥1.15 in FY 2024). Revenue: CN¥1.55b (up 12% from FY 2024). Net income: CN¥299.0m (up 14% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Feb 24Price target increased by 7.4% to CN¥153Up from CN¥143, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥148. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.82 for next year compared to CN¥1.15 last year.New Risk • Feb 03New 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 9.7% 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 (9.7% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risk Dividend is not well covered by cash flows (145% cash payout ratio).Valuation Update With 7 Day Price Move • Jan 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥125, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 47x in the Communications industry in China. Total returns to shareholders of 700% over the past three years.공고 • Dec 31T&S Communications Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026T&S Communications Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥119, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 47x in the Communications industry in China. Total returns to shareholders of 703% over the past three years.Valuation Update With 7 Day Price Move • Nov 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥108, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 43x in the Communications industry in China. Total returns to shareholders of 604% over the past three years.Major Estimate Revision • Nov 22Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.07b to CN¥1.86b. EPS estimate fell from CN¥1.95 to CN¥1.70 per share. Net income forecast to grow 61% next year vs 65% growth forecast for Communications industry in China. Consensus price target down from CN¥151 to CN¥143. Share price fell 2.1% to CN¥87.00 over the past week.Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.29 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.29 in 3Q 2024). Revenue: CN¥385.8m (down 5.0% from 3Q 2024). Net income: CN¥87.0m (up 31% from 3Q 2024). Profit margin: 23% (up from 16% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth.공고 • Sep 30T&S Communications Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025T&S Communications Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥108, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 505% over the past three years.Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.21 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.41 (up from CN¥0.21 in 2Q 2024). Revenue: CN¥457.9m (up 60% from 2Q 2024). Net income: CN¥94.0m (up 97% from 2Q 2024). Profit margin: 21% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.공고 • Jul 02T&S Communications Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025T&S Communications Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025Price Target Changed • Jun 14Price target increased by 13% to CN¥118Up from CN¥105, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥88.32. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥2.05 for next year compared to CN¥1.15 last year.Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥82.80, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 41x in the Communications industry in China. Total returns to shareholders of 562% over the past three years.Price Target Changed • May 05Price target decreased by 8.6% to CN¥105Down from CN¥115, the current price target is an average from 3 analysts. New target price is 51% above last closing price of CN¥69.34. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥1.98 for next year compared to CN¥1.15 last year.Reported Earnings • May 02First quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.14 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.14 in 1Q 2024). Revenue: CN¥370.6m (up 66% from 1Q 2024). Net income: CN¥79.4m (up 150% from 1Q 2024). Profit margin: 21% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥63.10, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 42x in the Communications industry in China. Total returns to shareholders of 407% over the past three years.공고 • Apr 01T&S Communications Co.,Ltd. Proposes Final Cash Dividend for the Year 2024T&S Communications Co.,Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 8.00000000.공고 • Mar 31T&S Communications Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025T&S Communications Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025Reported Earnings • Mar 30Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥1.15 (up from CN¥0.69 in FY 2023). Revenue: CN¥1.38b (up 56% from FY 2023). Net income: CN¥261.3m (up 69% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.공고 • Mar 29T&S Communications Co.,Ltd., Annual General Meeting, Apr 25, 2025T&S Communications Co.,Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China분석 기사 • Mar 21T&S Communications Co.,Ltd.'s (SZSE:300570) 27% Cheaper Price Remains In Tune With RevenuesT&S Communications Co.,Ltd. ( SZSE:300570 ) shares have retraced a considerable 27% in the last month, reversing a fair...분석 기사 • Mar 06Slowing Rates Of Return At T&S CommunicationsLtd (SZSE:300570) Leave Little Room For ExcitementIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...분석 기사 • Jan 07T&S Communications Co.,Ltd.'s (SZSE:300570) P/S Is Still On The Mark Following 34% Share Price BounceDespite an already strong run, T&S Communications Co.,Ltd. ( SZSE:300570 ) shares have been powering on, with a gain of...공고 • Dec 31T&S Communications Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025T&S Communications Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025분석 기사 • Nov 18Returns On Capital At T&S CommunicationsLtd (SZSE:300570) Have StalledTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥406.0m (up 75% from 3Q 2023). Net income: CN¥66.3m (up 100% from 3Q 2023). Profit margin: 16% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥35.94, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 139% over the past three years.분석 기사 • Oct 02Why Investors Shouldn't Be Surprised By T&S Communications Co.,Ltd.'s (SZSE:300570) 33% Share Price SurgeT&S Communications Co.,Ltd. ( SZSE:300570 ) shares have had a really impressive month, gaining 33% after a shaky period...New Risk • Sep 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 7.5% 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 Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change).공고 • Sep 30T&S Communications Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024T&S Communications Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024분석 기사 • Sep 30Do T&S CommunicationsLtd's (SZSE:300570) Earnings Warrant Your Attention?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥32.13, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 116% over the past three years.Buy Or Sell Opportunity • Aug 23Now 20% overvaluedOver the last 90 days, the stock has fallen 19% to CN¥29.86. The fair value is estimated to be CN¥24.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 121% in 2 years. Earnings are forecast to grow by 157% in the next 2 years.Price Target Changed • Aug 22Price target decreased by 12% to CN¥41.94Down from CN¥47.72, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.70. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.16 for next year compared to CN¥0.69 last year.Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥286.6m (up 43% from 2Q 2023). Net income: CN¥47.8m (up 11% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year.분석 기사 • Jul 23The Returns On Capital At T&S CommunicationsLtd (SZSE:300570) Don't Inspire ConfidenceIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...분석 기사 • Jul 05T&S CommunicationsLtd (SZSE:300570) Is Due To Pay A Dividend Of CN¥0.50T&S Communications Co.,Ltd. ( SZSE:300570 ) will pay a dividend of CN¥0.50 on the 9th of July. The dividend yield will...Declared Dividend • Jul 05Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 13% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 147% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to CN¥33.10. The fair value is estimated to be CN¥27.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 132% in the next 2 years.공고 • Jun 29T&S Communications Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024T&S Communications Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024분석 기사 • Jun 15Does This Valuation Of T&S Communications Co.,Ltd. (SZSE:300570) Imply Investors Are Overpaying?Key Insights The projected fair value for T&S CommunicationsLtd is CN¥27.57 based on 2 Stage Free Cash Flow to Equity...Buy Or Sell Opportunity • Jun 12Now 20% overvaluedOver the last 90 days, the stock has fallen 18% to CN¥33.33. The fair value is estimated to be CN¥27.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 132% in the next 2 years.Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥223.3m (up 18% from 1Q 2023). Net income: CN¥31.7m (up 11% from 1Q 2023). Profit margin: 14% (in line with 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.공고 • Apr 30T&S Communications Co.,Ltd., Annual General Meeting, May 21, 2024T&S Communications Co.,Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China분석 기사 • Apr 26T&S Communications Co.,Ltd.'s (SZSE:300570) Share Price Matching Investor OpinionT&S Communications Co.,Ltd.'s ( SZSE:300570 ) price-to-earnings (or "P/E") ratio of 61.1x might make it look like a...Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥39.95, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 185% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.43 per share.분석 기사 • Apr 04T&S CommunicationsLtd's (SZSE:300570) Anemic Earnings Might Be Worse Than You ThinkT&S Communications Co.,Ltd.'s ( SZSE:300570 ) stock showed strength, with investors undeterred by its weak earnings...Major Estimate Revision • Apr 04Consensus revenue estimates increase by 29%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.33b to CN¥1.71b. EPS estimate increased from CN¥0.939 to CN¥1.32 per share. Net income forecast to grow 93% next year vs 60% growth forecast for Communications industry in China. Consensus price target up from CN¥39.50 to CN¥44.82. Share price was steady at CN¥36.55 over the past week.공고 • Mar 30T&S Communications Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024T&S Communications Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024Reported Earnings • Mar 30Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥0.69 (down from CN¥0.81 in FY 2022). Revenue: CN¥884.8m (down 5.2% from FY 2022). Net income: CN¥155.1m (down 14% from FY 2022). Profit margin: 18% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 34% per year.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥35.91, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 136% over the past three years.분석 기사 • Mar 26There's Been No Shortage Of Growth Recently For T&S CommunicationsLtd's (SZSE:300570) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥37.62, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 168% over the past three years.Valuation Update With 7 Day Price Move • Jan 30Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥30.84, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 117% over the past three years.공고 • Dec 29T&S Communications Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024T&S Communications Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥42.59, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 116% over the past three years.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥36.88, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 88% over the past three years.New Risk • Oct 29New major risk - Revenue and earnings growthEarnings have declined by 2.6% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.25 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.25 in 3Q 2022). Revenue: CN¥232.7m (up 2.3% from 3Q 2022). Net income: CN¥33.2m (down 40% from 3Q 2022). Profit margin: 14% (down from 24% in 3Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥36.76, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.88 per share.Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥39.20, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.98 per share.공고 • Sep 08T&S Communications Co.,Ltd. Announces Executive AppointmentsT&S Communications Co.,Ltd. announced that the Company held its 1st Extraordinary General Meeting of 2023 on 05 September 2023, during which the following proposal(s) was/were approved: Election of non-independent directors, cumulative voting system applicable: Zhang Zhimin, Zhang Yiming, Zhang Yinghua, Xiao Xiangjie, and Li Yanyi; Election of independent directors, cumulative voting system applicable: Lou Yonghui and Zhou Xinli; Election of non-employee supervisors, cumulative voting system applicable: Wu Ningkun and Xiong Qian.Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.32 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥200.4m (down 32% from 2Q 2022). Net income: CN¥43.0m (down 40% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 18Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.28b to CN¥1.10b. EPS estimate fell from CN¥0.911 to CN¥0.855 per share. Net income forecast to grow 13% next year vs 49% growth forecast for Communications industry in China. Consensus price target up from CN¥29.58 to CN¥46.25. Share price fell 10% to CN¥35.02 over the past week.Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥45.66, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 111% over the past three years.공고 • Jul 06T&S Communications Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 10, 2023T&S Communications Co.,Ltd. announced final cash dividend of CNY 5.00 per 10 shares on A shares for the year 2022. Record date is July 07, 2023, Ex-Date is July 10, 2023 and Payment Date is July 10, 2023.공고 • Jul 01T&S Communications Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023T&S Communications Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥38.09, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 99% over the past three years.Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥28.85, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 62% over the past three years.Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥24.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 21% over the past three years.Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥33.19, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 62% over the past three years.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥31.52, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 40% over the past three years.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 29%After last week's 29% share price gain to CN¥26.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 9.0% over the past three years.Reported Earnings • Mar 18Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥0.81 (up from CN¥0.32 in FY 2021). Revenue: CN¥933.5m (up 44% from FY 2021). Net income: CN¥180.5m (up 152% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥20.29, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 26% over the past three years.Board Change • Nov 16Less 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 not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Guoyao Chen was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.092 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.092 in 3Q 2021). Revenue: CN¥227.5m (up 48% from 3Q 2021). Net income: CN¥55.2m (up 161% from 3Q 2021). Profit margin: 24% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year.Major Estimate Revision • Aug 16Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥907.9m to CN¥945.9m. EPS estimate increased from CN¥0.53 to CN¥0.62 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Communications industry in China. Consensus price target up from CN¥16.22 to CN¥19.00. Share price was steady at CN¥19.59 over the past week.Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.088 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.088 in 2Q 2021). Revenue: CN¥295.8m (up 86% from 2Q 2021). Net income: CN¥71.7m (up 254% from 2Q 2021). Profit margin: 24% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥17.89, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.51 per share.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥15.91, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.39 per share.공고 • Jun 11T&S Communications Co.,Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 16, 2022T&S Communications Co.,Ltd. implemented Cash dividend (tax included) of CNY 3.00000000 per 10 shares (A shares) for 2021, payable on June 16, 2022 with Record date of June 15, 2022 and Ex-date of June 16, 2022.공고 • Jun 07T&S Communications Co.,Ltd. Approves Cash Dividend for the Year of 2021T&S Communications Co.,Ltd. held its Annual General Meeting of 2021 on 02 June 2022, during which it approved cash dividend of CNY 3.00000000 per ten shares (tax included) for the year of 2021.공고 • May 14T&S Communications Co.,Ltd., Annual General Meeting, Jun 02, 2022T&S Communications Co.,Ltd., Annual General Meeting, Jun 02, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual accounts; to 2021 profit distribution plan; to Amendments to the Company's articles of association; to Confirmation of 2021 remuneration for the chairman of the board; to Amendments to the Company's rules of procedure governing shareholders' general meetings; and to Amendments to the work system of independent directors.Price Target Changed • Apr 27Price target decreased to CN¥16.22Down from CN¥21.30, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CN¥11.45. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.32 last year.Board Change • Apr 27Less 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 not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Guoyao Chen was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공고 • Apr 12T&S Communications Co.,Ltd. Proposes Final Cash Dividend for the Year 2021T&S Communications Co.,Ltd. proposed final cash dividend of CNY 3.0000000 per ten shares (tax included) for the year 2021.Reported Earnings • Apr 10Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.32 (down from CN¥0.33 in FY 2020). Revenue: CN¥646.3m (up 13% from FY 2020). Net income: CN¥71.8m (down 5.1% from FY 2020). Profit margin: 11% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 62%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥15.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Communications industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.03 per share.이익 및 매출 성장 예측SZSE:300570 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,3311,303574806212/31/20274,031834180421312/31/20262,13544519543333/31/20261,517285-91-37N/A12/31/20251,547299100152N/A9/30/20251,676376122167N/A6/30/20251,696355204259N/A3/31/20251,525309183236N/A12/31/20241,378261127184N/A9/30/20241,1781966093N/A6/30/20241,00416389106N/A3/31/2024918158140156N/A12/31/2023885155105115N/A9/30/202385313498113N/A6/30/2023848157135151N/A3/31/202394318583101N/A1/1/202393418081105N/A9/30/20228791596181N/A6/30/20228061251338N/A3/31/2022669731238N/A1/1/2022646724569N/A9/30/20216718482107N/A6/30/2021661795074N/A3/31/2021628853861N/A12/31/202057476-264N/A9/30/2020503753559N/A6/30/202055310577107N/A3/31/202063514674114N/A12/31/2019753168N/A237N/A9/30/2019931193N/A128N/A6/30/2019925192N/A117N/A3/31/2019877166N/A126N/A12/31/2018794153N/A41N/A9/30/2018613130N/A107N/A6/30/2018558115N/A113N/A3/31/2018518100N/A141N/A12/31/2017490100N/A134N/A9/30/2017468104N/A149N/A6/30/2017445103N/A153N/A3/31/2017447107N/A152N/A12/31/2016421101N/A156N/A12/31/2015502116N/A128N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 300570 의 연간 예상 수익 증가율(52.3%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 300570 의 연간 수익(52.3%)이 CN 시장(25.9%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 300570 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 300570 의 수익(연간 38.5%)이 CN 시장(연간 16%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 300570 의 수익(연간 38.5%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 300570의 자본 수익률은 3년 후 35.7%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/26 18:09종가2026/07/24 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 소스T&S Communications Co.,Ltd.는 8명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Liangbi ZhaoChina Galaxy Securities Co., Ltd.null nullChina Merchants Securities (HK) Co., LtdHiu King WongCitigroup Inc5명의 분석가 더 보기
Major Estimate Revision • Jun 26Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.36b to CN¥2.13b. EPS estimate also fell from CN¥2.21 per share to CN¥1.96 per share. Net income forecast to grow 90% next year vs 104% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥148. Share price fell 13% to CN¥234 over the past week.
Major Estimate Revision • Apr 07Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.79b to CN¥2.36b. EPS estimate fell from CN¥2.96 to CN¥2.22 per share. Net income forecast to grow 68% next year vs 72% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥145. Share price rose 6.8% to CN¥115 over the past week.
Price Target Changed • Feb 24Price target increased by 7.4% to CN¥153Up from CN¥143, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥148. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.82 for next year compared to CN¥1.15 last year.
Major Estimate Revision • Nov 22Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.07b to CN¥1.86b. EPS estimate fell from CN¥1.95 to CN¥1.70 per share. Net income forecast to grow 61% next year vs 65% growth forecast for Communications industry in China. Consensus price target down from CN¥151 to CN¥143. Share price fell 2.1% to CN¥87.00 over the past week.
Price Target Changed • Jun 14Price target increased by 13% to CN¥118Up from CN¥105, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥88.32. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥2.05 for next year compared to CN¥1.15 last year.
Price Target Changed • May 05Price target decreased by 8.6% to CN¥105Down from CN¥115, the current price target is an average from 3 analysts. New target price is 51% above last closing price of CN¥69.34. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥1.98 for next year compared to CN¥1.15 last year.
공고 • Jun 30T&S Communications Co.,Ltd. to Report First Half, 2026 Results on Aug 15, 2026T&S Communications Co.,Ltd. announced that they will report first half, 2026 results on Aug 15, 2026
Major Estimate Revision • Jun 26Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.36b to CN¥2.13b. EPS estimate also fell from CN¥2.21 per share to CN¥1.96 per share. Net income forecast to grow 90% next year vs 104% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥148. Share price fell 13% to CN¥234 over the past week.
Buy Or Sell Opportunity • May 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to CN¥170. The fair value is estimated to be CN¥140, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 181% in 2 years. Earnings are forecast to grow by 248% in the next 2 years.
Buy Or Sell Opportunity • May 11Now 29% overvalued after recent price riseOver the last 90 days, the stock has risen 30% to CN¥179. The fair value is estimated to be CN¥139, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 181% in 2 years. Earnings are forecast to grow by 248% in the next 2 years.
공고 • Apr 24T&S Communications Co.,Ltd., Annual General Meeting, May 15, 2026T&S Communications Co.,Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China
Major Estimate Revision • Apr 07Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.79b to CN¥2.36b. EPS estimate fell from CN¥2.96 to CN¥2.22 per share. Net income forecast to grow 68% next year vs 72% growth forecast for Communications industry in China. Consensus price target broadly unchanged at CN¥145. Share price rose 6.8% to CN¥115 over the past week.
공고 • Mar 31T&S Communications Co.,Ltd. to Report Q1, 2026 Results on Apr 24, 2026T&S Communications Co.,Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
Reported Earnings • Mar 31Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: CN¥1.32 (up from CN¥1.15 in FY 2024). Revenue: CN¥1.55b (up 12% from FY 2024). Net income: CN¥299.0m (up 14% from FY 2024). Profit margin: 19% (in line with FY 2024). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 53% p.a. on average during the next 2 years, compared to a 29% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Feb 24Price target increased by 7.4% to CN¥153Up from CN¥143, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥148. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.82 for next year compared to CN¥1.15 last year.
New Risk • Feb 03New 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 9.7% 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 (9.7% average weekly change). High level of non-cash earnings (32% accrual ratio). Minor Risk Dividend is not well covered by cash flows (145% cash payout ratio).
Valuation Update With 7 Day Price Move • Jan 30Investor sentiment improves as stock rises 22%After last week's 22% share price gain to CN¥125, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 47x in the Communications industry in China. Total returns to shareholders of 700% over the past three years.
공고 • Dec 31T&S Communications Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026T&S Communications Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥119, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 47x in the Communications industry in China. Total returns to shareholders of 703% over the past three years.
Valuation Update With 7 Day Price Move • Nov 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥108, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 43x in the Communications industry in China. Total returns to shareholders of 604% over the past three years.
Major Estimate Revision • Nov 22Consensus revenue estimates fall by 10%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.07b to CN¥1.86b. EPS estimate fell from CN¥1.95 to CN¥1.70 per share. Net income forecast to grow 61% next year vs 65% growth forecast for Communications industry in China. Consensus price target down from CN¥151 to CN¥143. Share price fell 2.1% to CN¥87.00 over the past week.
Reported Earnings • Oct 29Third quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.29 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.38 (up from CN¥0.29 in 3Q 2024). Revenue: CN¥385.8m (down 5.0% from 3Q 2024). Net income: CN¥87.0m (up 31% from 3Q 2024). Profit margin: 23% (up from 16% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Sep 30T&S Communications Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025T&S Communications Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to CN¥108, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 505% over the past three years.
Reported Earnings • Aug 15Second quarter 2025 earnings released: EPS: CN¥0.41 (vs CN¥0.21 in 2Q 2024)Second quarter 2025 results: EPS: CN¥0.41 (up from CN¥0.21 in 2Q 2024). Revenue: CN¥457.9m (up 60% from 2Q 2024). Net income: CN¥94.0m (up 97% from 2Q 2024). Profit margin: 21% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Jul 02T&S Communications Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025T&S Communications Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025
Price Target Changed • Jun 14Price target increased by 13% to CN¥118Up from CN¥105, the current price target is an average from 2 analysts. New target price is 34% above last closing price of CN¥88.32. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥2.05 for next year compared to CN¥1.15 last year.
Valuation Update With 7 Day Price Move • Jun 05Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥82.80, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 41x in the Communications industry in China. Total returns to shareholders of 562% over the past three years.
Price Target Changed • May 05Price target decreased by 8.6% to CN¥105Down from CN¥115, the current price target is an average from 3 analysts. New target price is 51% above last closing price of CN¥69.34. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥1.98 for next year compared to CN¥1.15 last year.
Reported Earnings • May 02First quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.14 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.14 in 1Q 2024). Revenue: CN¥370.6m (up 66% from 1Q 2024). Net income: CN¥79.4m (up 150% from 1Q 2024). Profit margin: 21% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 24%After last week's 24% share price decline to CN¥63.10, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 42x in the Communications industry in China. Total returns to shareholders of 407% over the past three years.
공고 • Apr 01T&S Communications Co.,Ltd. Proposes Final Cash Dividend for the Year 2024T&S Communications Co.,Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 8.00000000.
공고 • Mar 31T&S Communications Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025T&S Communications Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025
Reported Earnings • Mar 30Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: CN¥1.15 (up from CN¥0.69 in FY 2023). Revenue: CN¥1.38b (up 56% from FY 2023). Net income: CN¥261.3m (up 69% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) exceeded analyst estimates by 4.3%. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Mar 29T&S Communications Co.,Ltd., Annual General Meeting, Apr 25, 2025T&S Communications Co.,Ltd., Annual General Meeting, Apr 25, 2025, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China
분석 기사 • Mar 21T&S Communications Co.,Ltd.'s (SZSE:300570) 27% Cheaper Price Remains In Tune With RevenuesT&S Communications Co.,Ltd. ( SZSE:300570 ) shares have retraced a considerable 27% in the last month, reversing a fair...
분석 기사 • Mar 06Slowing Rates Of Return At T&S CommunicationsLtd (SZSE:300570) Leave Little Room For ExcitementIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
분석 기사 • Jan 07T&S Communications Co.,Ltd.'s (SZSE:300570) P/S Is Still On The Mark Following 34% Share Price BounceDespite an already strong run, T&S Communications Co.,Ltd. ( SZSE:300570 ) shares have been powering on, with a gain of...
공고 • Dec 31T&S Communications Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025T&S Communications Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025
분석 기사 • Nov 18Returns On Capital At T&S CommunicationsLtd (SZSE:300570) Have StalledTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.15 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.15 in 3Q 2023). Revenue: CN¥406.0m (up 75% from 3Q 2023). Net income: CN¥66.3m (up 100% from 3Q 2023). Profit margin: 16% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 15Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to CN¥35.94, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 139% over the past three years.
분석 기사 • Oct 02Why Investors Shouldn't Be Surprised By T&S Communications Co.,Ltd.'s (SZSE:300570) 33% Share Price SurgeT&S Communications Co.,Ltd. ( SZSE:300570 ) shares have had a really impressive month, gaining 33% after a shaky period...
New Risk • Sep 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 7.5% 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 Dividend is not well covered by cash flows (125% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change).
공고 • Sep 30T&S Communications Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024T&S Communications Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024
분석 기사 • Sep 30Do T&S CommunicationsLtd's (SZSE:300570) Earnings Warrant Your Attention?The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥32.13, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 116% over the past three years.
Buy Or Sell Opportunity • Aug 23Now 20% overvaluedOver the last 90 days, the stock has fallen 19% to CN¥29.86. The fair value is estimated to be CN¥24.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 121% in 2 years. Earnings are forecast to grow by 157% in the next 2 years.
Price Target Changed • Aug 22Price target decreased by 12% to CN¥41.94Down from CN¥47.72, the current price target is an average from 2 analysts. New target price is 41% above last closing price of CN¥29.70. Stock is down 15% over the past year. The company is forecast to post earnings per share of CN¥1.16 for next year compared to CN¥0.69 last year.
Reported Earnings • Aug 22Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥286.6m (up 43% from 2Q 2023). Net income: CN¥47.8m (up 11% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year.
분석 기사 • Jul 23The Returns On Capital At T&S CommunicationsLtd (SZSE:300570) Don't Inspire ConfidenceIgnoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
분석 기사 • Jul 05T&S CommunicationsLtd (SZSE:300570) Is Due To Pay A Dividend Of CN¥0.50T&S Communications Co.,Ltd. ( SZSE:300570 ) will pay a dividend of CN¥0.50 on the 9th of July. The dividend yield will...
Declared Dividend • Jul 05Dividend of CN¥0.50 announcedDividend of CN¥0.50 is the same as last year. Ex-date: 9th July 2024 Payment date: 9th July 2024 Dividend yield will be 1.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (79% cash payout ratio). The dividend has increased by an average of 13% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 147% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Jul 01Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to CN¥33.10. The fair value is estimated to be CN¥27.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 132% in the next 2 years.
공고 • Jun 29T&S Communications Co.,Ltd. to Report First Half, 2024 Results on Aug 22, 2024T&S Communications Co.,Ltd. announced that they will report first half, 2024 results on Aug 22, 2024
분석 기사 • Jun 15Does This Valuation Of T&S Communications Co.,Ltd. (SZSE:300570) Imply Investors Are Overpaying?Key Insights The projected fair value for T&S CommunicationsLtd is CN¥27.57 based on 2 Stage Free Cash Flow to Equity...
Buy Or Sell Opportunity • Jun 12Now 20% overvaluedOver the last 90 days, the stock has fallen 18% to CN¥33.33. The fair value is estimated to be CN¥27.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 116% in 2 years. Earnings are forecast to grow by 132% in the next 2 years.
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.13 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.13 in 1Q 2023). Revenue: CN¥223.3m (up 18% from 1Q 2023). Net income: CN¥31.7m (up 11% from 1Q 2023). Profit margin: 14% (in line with 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
공고 • Apr 30T&S Communications Co.,Ltd., Annual General Meeting, May 21, 2024T&S Communications Co.,Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: No. 8, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China
분석 기사 • Apr 26T&S Communications Co.,Ltd.'s (SZSE:300570) Share Price Matching Investor OpinionT&S Communications Co.,Ltd.'s ( SZSE:300570 ) price-to-earnings (or "P/E") ratio of 61.1x might make it look like a...
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥39.95, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 185% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.43 per share.
분석 기사 • Apr 04T&S CommunicationsLtd's (SZSE:300570) Anemic Earnings Might Be Worse Than You ThinkT&S Communications Co.,Ltd.'s ( SZSE:300570 ) stock showed strength, with investors undeterred by its weak earnings...
Major Estimate Revision • Apr 04Consensus revenue estimates increase by 29%The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥1.33b to CN¥1.71b. EPS estimate increased from CN¥0.939 to CN¥1.32 per share. Net income forecast to grow 93% next year vs 60% growth forecast for Communications industry in China. Consensus price target up from CN¥39.50 to CN¥44.82. Share price was steady at CN¥36.55 over the past week.
공고 • Mar 30T&S Communications Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024T&S Communications Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024
Reported Earnings • Mar 30Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: CN¥0.69 (down from CN¥0.81 in FY 2022). Revenue: CN¥884.8m (down 5.2% from FY 2022). Net income: CN¥155.1m (down 14% from FY 2022). Profit margin: 18% (down from 19% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 34% per year.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to CN¥35.91, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 136% over the past three years.
분석 기사 • Mar 26There's Been No Shortage Of Growth Recently For T&S CommunicationsLtd's (SZSE:300570) Returns On CapitalFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥37.62, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 22x in the Communications industry in China. Total returns to shareholders of 168% over the past three years.
Valuation Update With 7 Day Price Move • Jan 30Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥30.84, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 117% over the past three years.
공고 • Dec 29T&S Communications Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024T&S Communications Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024
Valuation Update With 7 Day Price Move • Dec 08Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥42.59, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 116% over the past three years.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥36.88, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 88% over the past three years.
New Risk • Oct 29New major risk - Revenue and earnings growthEarnings have declined by 2.6% 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 Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (115% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.25 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.15 (down from CN¥0.25 in 3Q 2022). Revenue: CN¥232.7m (up 2.3% from 3Q 2022). Net income: CN¥33.2m (down 40% from 3Q 2022). Profit margin: 14% (down from 24% in 3Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥36.76, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 94% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.88 per share.
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥39.20, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.98 per share.
공고 • Sep 08T&S Communications Co.,Ltd. Announces Executive AppointmentsT&S Communications Co.,Ltd. announced that the Company held its 1st Extraordinary General Meeting of 2023 on 05 September 2023, during which the following proposal(s) was/were approved: Election of non-independent directors, cumulative voting system applicable: Zhang Zhimin, Zhang Yiming, Zhang Yinghua, Xiao Xiangjie, and Li Yanyi; Election of independent directors, cumulative voting system applicable: Lou Yonghui and Zhou Xinli; Election of non-employee supervisors, cumulative voting system applicable: Wu Ningkun and Xiong Qian.
Reported Earnings • Aug 18Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.32 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.32 in 2Q 2022). Revenue: CN¥200.4m (down 32% from 2Q 2022). Net income: CN¥43.0m (down 40% from 2Q 2022). Profit margin: 22% (down from 24% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 18Consensus revenue estimates fall by 15%The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.28b to CN¥1.10b. EPS estimate fell from CN¥0.911 to CN¥0.855 per share. Net income forecast to grow 13% next year vs 49% growth forecast for Communications industry in China. Consensus price target up from CN¥29.58 to CN¥46.25. Share price fell 10% to CN¥35.02 over the past week.
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to CN¥45.66, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 111% over the past three years.
공고 • Jul 06T&S Communications Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 10, 2023T&S Communications Co.,Ltd. announced final cash dividend of CNY 5.00 per 10 shares on A shares for the year 2022. Record date is July 07, 2023, Ex-Date is July 10, 2023 and Payment Date is July 10, 2023.
공고 • Jul 01T&S Communications Co.,Ltd. to Report First Half, 2023 Results on Aug 18, 2023T&S Communications Co.,Ltd. announced that they will report first half, 2023 results on Aug 18, 2023
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥38.09, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 99% over the past three years.
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 19%After last week's 19% share price gain to CN¥28.85, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 27x in the Communications industry in China. Total returns to shareholders of 62% over the past three years.
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥24.10, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 21% over the past three years.
Valuation Update With 7 Day Price Move • Apr 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to CN¥33.19, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 62% over the past three years.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥31.52, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 40% over the past three years.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment improves as stock rises 29%After last week's 29% share price gain to CN¥26.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Communications industry in China. Total returns to shareholders of 9.0% over the past three years.
Reported Earnings • Mar 18Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: CN¥0.81 (up from CN¥0.32 in FY 2021). Revenue: CN¥933.5m (up 44% from FY 2021). Net income: CN¥180.5m (up 152% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 7.4%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 28Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥20.29, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 26% over the past three years.
Board Change • Nov 16Less 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 not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Guoyao Chen was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 28Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.092 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.25 (up from CN¥0.092 in 3Q 2021). Revenue: CN¥227.5m (up 48% from 3Q 2021). Net income: CN¥55.2m (up 161% from 3Q 2021). Profit margin: 24% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year.
Major Estimate Revision • Aug 16Consensus EPS estimates increase by 17%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥907.9m to CN¥945.9m. EPS estimate increased from CN¥0.53 to CN¥0.62 per share. Net income forecast to grow 30% next year vs 55% growth forecast for Communications industry in China. Consensus price target up from CN¥16.22 to CN¥19.00. Share price was steady at CN¥19.59 over the past week.
Reported Earnings • Aug 11Second quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.088 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.088 in 2Q 2021). Revenue: CN¥295.8m (up 86% from 2Q 2021). Net income: CN¥71.7m (up 254% from 2Q 2021). Profit margin: 24% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 26%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to CN¥17.89, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.51 per share.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥15.91, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.39 per share.
공고 • Jun 11T&S Communications Co.,Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 16, 2022T&S Communications Co.,Ltd. implemented Cash dividend (tax included) of CNY 3.00000000 per 10 shares (A shares) for 2021, payable on June 16, 2022 with Record date of June 15, 2022 and Ex-date of June 16, 2022.
공고 • Jun 07T&S Communications Co.,Ltd. Approves Cash Dividend for the Year of 2021T&S Communications Co.,Ltd. held its Annual General Meeting of 2021 on 02 June 2022, during which it approved cash dividend of CNY 3.00000000 per ten shares (tax included) for the year of 2021.
공고 • May 14T&S Communications Co.,Ltd., Annual General Meeting, Jun 02, 2022T&S Communications Co.,Ltd., Annual General Meeting, Jun 02, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to 2021 work report of the supervisory committee; to 2021 annual accounts; to 2021 profit distribution plan; to Amendments to the Company's articles of association; to Confirmation of 2021 remuneration for the chairman of the board; to Amendments to the Company's rules of procedure governing shareholders' general meetings; and to Amendments to the work system of independent directors.
Price Target Changed • Apr 27Price target decreased to CN¥16.22Down from CN¥21.30, the current price target is an average from 2 analysts. New target price is 42% above last closing price of CN¥11.45. Stock is down 22% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.32 last year.
Board Change • Apr 27Less 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 not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Guoyao Chen was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공고 • Apr 12T&S Communications Co.,Ltd. Proposes Final Cash Dividend for the Year 2021T&S Communications Co.,Ltd. proposed final cash dividend of CNY 3.0000000 per ten shares (tax included) for the year 2021.
Reported Earnings • Apr 10Full year 2021 earnings: EPS and revenues miss analyst expectationsFull year 2021 results: EPS: CN¥0.32 (down from CN¥0.33 in FY 2020). Revenue: CN¥646.3m (up 13% from FY 2020). Net income: CN¥71.8m (down 5.1% from FY 2020). Profit margin: 11% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 62%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to CN¥15.20, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Communications industry in China. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.03 per share.