New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.06 (vs CN¥0.03 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.06 (up from CN¥0.03 in 1Q 2025). Revenue: CN¥172.0m (down 4.4% from 1Q 2025). Net income: CN¥14.9m (up 98% from 1Q 2025). Profit margin: 8.7% (up from 4.2% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Apr 23
Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 15, 2026 Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China 공시 • Mar 31
Lihe Technology (Hunan) Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Lihe Technology (Hunan) Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 공시 • Dec 31
Lihe Technology (Hunan) Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Lihe Technology (Hunan) Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Board Change • Dec 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Kai Zheng Fang 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. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.03 (in line with 3Q 2024). Revenue: CN¥198.1m (up 6.2% from 3Q 2024). Net income: CN¥6.92m (down 17% from 3Q 2024). Profit margin: 3.5% (down from 4.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. 공시 • Sep 30
Lihe Technology (Hunan) Co., Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Lihe Technology (Hunan) Co., Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.013 (vs CN¥0.003 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.013 (up from CN¥0.003 loss in 2Q 2024). Revenue: CN¥206.8m (up 16% from 2Q 2024). Net income: CN¥3.42m (up CN¥4.00m from 2Q 2024). Profit margin: 1.7% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. 공시 • Jul 02
Lihe Technology (Hunan) Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Lihe Technology (Hunan) Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Declared Dividend • May 17
Dividend reduced to CN¥0.16 Dividend of CN¥0.16 is 12% lower than last year. Ex-date: 22nd May 2025 Payment date: 22nd May 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (100% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 5 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. However, EPS has declined by 31% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.06 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.05 (down from CN¥0.06 in 1Q 2024). Revenue: CN¥153.0m (down 7.5% from 1Q 2024). Net income: CN¥11.7m (down 16% from 1Q 2024). Profit margin: 7.6% (down from 8.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. 공시 • Apr 22
Lihe Technology (Hunan) Co., Ltd. Proposes Final Cash Dividend for 2024 Lihe Technology (Hunan) Co., Ltd. proposed final cash dividend of CNY 1.60000000 per 10 shares (tax included) for 2024. 공시 • Apr 21
Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 12, 2025 Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 12, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.91, the stock trades at a trailing P/E ratio of 65.4x. Average trailing P/E is 42x in the Electronic industry in China. Total loss to shareholders of 51% over the past three years. 공시 • Mar 31
Lihe Technology (Hunan) Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Lihe Technology (Hunan) Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. 공시 • Dec 31
Lihe Technology (Hunan) Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Lihe Technology (Hunan) Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.061 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.061 in 3Q 2023). Revenue: CN¥186.6m (up 30% from 3Q 2023). Net income: CN¥8.31m (down 36% from 3Q 2023). Profit margin: 4.5% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. 공시 • Sep 30
Lihe Technology (Hunan) Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Lihe Technology (Hunan) Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥10.67, the stock trades at a trailing P/E ratio of 68.5x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 45% over the past three years. Board Change • Sep 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Junhua He was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 23
Second quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.05 profit in 2Q 2023) Second quarter 2024 results: CN¥0.003 loss per share (down from CN¥0.05 profit in 2Q 2023). Revenue: CN¥178.6m (up 15% from 2Q 2023). Net loss: CN¥576.5k (down 105% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. 공시 • Jun 29
Lihe Technology (Hunan) Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Lihe Technology (Hunan) Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 공시 • May 25
Lihe Technology (Hunan) Co., Ltd. Announces Final Dividend on A Shares for the Year 2023, Payable on 29 May 2024 Lihe Technology (Hunan) Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY1.82000000 on A shares for the year 2023. Record date is 28 May 2024. Ex-date is 29 May 2024. Payment date is 29 May 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.05 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.05 in 1Q 2023). Revenue: CN¥165.4m (up 26% from 1Q 2023). Net income: CN¥13.8m (up 21% from 1Q 2023). Profit margin: 8.3% (down from 8.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. 공시 • Apr 23
Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 17, 2024 Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Changsha, Hunan China New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 10% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Cash payout ratio: 120% Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). 공시 • Mar 30
Lihe Technology (Hunan) Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Lihe Technology (Hunan) Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 공시 • Feb 06
Lihe Technology (Hunan) Co., Ltd. (SZSE:300800) announces an Equity Buyback for CNY 100 million worth of its shares. Lihe Technology (Hunan) Co., Ltd. (SZSE:300800) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 11 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 6 months. 공시 • Dec 29
Lihe Technology (Hunan) Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Lihe Technology (Hunan) Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 공시 • Nov 12
Lihe Technology (Hunan) Co., Ltd. Announces Executive Changes Lihe Technology (Hunan) Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 held on 09 November 2023 appointed Wen Liqun, He Junhua, Ma Hong and Xiong Yongsheng. Appointed He Yong and Chen Zhiping as independent directors. Appointed Li Anqiang as non-employee supervisors. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.039 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.061 (up from CN¥0.039 in 3Q 2022). Revenue: CN¥143.6m (up 29% from 3Q 2022). Net income: CN¥12.9m (up 40% from 3Q 2022). Profit margin: 9.0% (up from 8.3% in 3Q 2022). 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 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥155.9m (up 9.2% from 2Q 2022). Net income: CN¥12.9m (down 56% from 2Q 2022). Profit margin: 8.3% (down from 20% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. 공시 • Jul 12
Lihe Technology (Hunan) Co., Ltd. Announces Final Dividend on A Shares for the Year 2022, Payable on July 14, 2023 Lihe Technology (Hunan) Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY1.50000000 on A shares for the year 2022. Record date is July 13, 2023. Ex-date is July 14, 2023. Payment date is July 14, 2023. 공시 • Jul 01
Lihe Technology (Hunan) Co., Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Lihe Technology (Hunan) Co., Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.15 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.05 (down from CN¥0.15 in 1Q 2022). Revenue: CN¥131.3m (up 2.2% from 1Q 2022). Net income: CN¥11.4m (down 69% from 1Q 2022). Profit margin: 8.7% (down from 28% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.28 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.28 in 3Q 2021). Revenue: CN¥111.3m (down 45% from 3Q 2021). Net income: CN¥9.20m (down 86% from 3Q 2021). Profit margin: 8.3% (down from 33% in 3Q 2021). Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.29 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (down from CN¥0.29 in 2Q 2021). Revenue: CN¥142.7m (down 38% from 2Q 2021). Net income: CN¥29.0m (down 58% from 2Q 2021). Profit margin: 20% (down from 30% in 2Q 2021). The decrease in margin was driven by lower revenue. 공시 • Jun 07
Lihe Technology (Hunan) Co., Ltd. Announces Cash Dividend A Shares (Tax Included) for 2021, Payable on 10 June 2022 Lihe Technology (Hunan) Co., Ltd. announced Cash dividend of CNY 1.50000000 per 10 A shares (tax included) for 2021, payable on 10 June 2022. Record date is 09 June 2022 and Ex-date is 10 June 2022. 공시 • Jun 02
Lihe Technology (Hunan) Co., Ltd. Approves Cash Dividend for the Year 2021 Lihe Technology (Hunan) Co., Ltd. held its Annual General Meeting of 2021 on May 30, 2022, approved Cash dividend of CNY 1.50000000 per 10 shares (tax included) for the year 2021. Board Change • Apr 27
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. No highly experienced directors. Non-Employee Supervisor Hui Zou is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공시 • Apr 24
Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 30, 2022 Lihe Technology (Hunan) Co., Ltd., Annual General Meeting, May 30, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 work report of the board of directors; to consider 2021 annual accounts and 2022 budget report; to consider 2021 profit distribution plan; to consider 2021 special report on the deposit and use of raised funds; to consider 2022 remuneration for directors and allowance for independent directors; and to consider other matters. 공시 • Apr 23
Lihe Technology (Hunan) Co., Ltd. Proposes Final Cash Dividend for the Year 2021 Lihe Technology (Hunan) Co., Ltd. proposed final cash dividend of CNY 1.50000000 per 10 shares (tax included) for the year 2021. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥23.78, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 10% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.28 (vs CN¥0.30 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥202.3m (down 12% from 3Q 2020). Net income: CN¥65.8m (down 8.1% from 3Q 2020). Profit margin: 33% (up from 31% in 3Q 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥20.21, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 36x in the Electronic industry in China. Total loss to shareholders of 14% over the past year. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.30 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥230.3m (up 35% from 2Q 2020). Net income: CN¥68.5m (down 2.8% from 2Q 2020). Profit margin: 30% (down from 41% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 28% share price decline to CN¥19.93, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 36x in the Electronic industry in China. Total loss to shareholders of 41% over the past year. 공시 • May 21
Lihe Technology (Hunan) Co., Ltd. Approves Final Cash Dividend Proposal for 2020 Lihe Technology (Hunan) Co., Ltd. at its Annual General Meeting of 2020 on 18 May 2021, approved cash dividend/10 shares (tax included): CNY2.50000000. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.36 (vs CN¥0.29 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥170.8m (up 21% from 1Q 2020). Net income: CN¥57.0m (up 21% from 1Q 2020). Profit margin: 33% (in line with 1Q 2020). 공시 • Apr 27
Lihe Technology (Hunan) Co., Ltd. Announces Final Cash Dividend Proposal for 2020 Lihe Technology (Hunan) Co., Ltd. announced on 26 April 2021 the profit distribution proposal for 2020 as cash dividend/10 shares (tax included) of CNY 2.50000000. Reported Earnings • Apr 12
Full year 2020 earnings released: EPS CN¥1.63 (vs CN¥1.82 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥774.4m (up 5.4% from FY 2019). Net income: CN¥261.3m (up 14% from FY 2019). Profit margin: 34% (up from 31% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥32.00 The company is up 8.0% from a price of CN¥29.65 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Exceeded the Electronic industry, which is down 8.0% over the same period. Is New 90 Day High Low • Feb 05
New 90-day low: CN¥26.02 The company is down 25% from its price of CN¥34.57 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥27.03, the stock is trading at a trailing P/E ratio of 17.4x, down from the previous P/E ratio of 20.9x. This compares to an average P/E of 44x in the Electronic industry in China. Total return to shareholders over the past year is a loss of 20%. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥29.65 The company is down 32% from its price of CN¥43.45 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: CN¥33.04 The company is down 14% from its price of CN¥38.31 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. 공시 • Nov 03
Lihe Technology (Hunan) Co., Ltd. Approves Election of Directors Lihe Technology (Hunan) Co., Ltd. announced that at the EGM held on October 30, 2020 has elected Zhang Guangsheng, Nie Bo, Zou Xiongwei, Hou Liang, Wen Liqun, and Luo Qifeng as non-independent directors and Liu Aiming, Xiao Haiju and Jiang Xingrui as independent directors and elected Meng Liangqing and Zou Hui as non-employee supervisors. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥34.10 The company is down 7.0% from its price of CN¥36.66 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 6.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥242.8m, up 18% from the prior year. Total revenue was CN¥739.8m over the last 12 months, up 12% from the prior year. 공시 • Oct 20
Lihe Technology (Hunan) Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Lihe Technology (Hunan) Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 공시 • Jul 31
Lihe Technology (Hunan) Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Lihe Technology (Hunan) Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020