Declared Dividend • May 18
Dividend increased to CN¥0.50 Dividend of CN¥0.50 is 25% higher than last year. Ex-date: 20th May 2026 Payment date: 20th May 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Apr 10
Shenzhen Q&D Circuits Co., Ltd., Annual General Meeting, May 07, 2026 Shenzhen Q&D Circuits Co., Ltd., Annual General Meeting, May 07, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 10
Full year 2025 earnings released: EPS: CN¥1.60 (vs CN¥1.89 in FY 2024) Full year 2025 results: EPS: CN¥1.60. Revenue: CN¥953.5m (up 20% from FY 2024). Net income: CN¥120.9m (up 7.3% from FY 2024). Profit margin: 13% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. 공시 • Mar 31
Shenzhen Q&D Circuits Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shenzhen Q&D Circuits Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥96.51, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 4.2% over the past year. 공시 • Jan 15
Shenzhen Q&D Circuits Co., Ltd. announced a financing transaction Shenzhen Q&D Circuits Co., Ltd. announced a private placement of convertible corporate bonds on January 13, 2026. The transaction will include participation from 1st extraordinary general meeting of 2026. 공시 • Dec 31
Shenzhen Q&D Circuits Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Shenzhen Q&D Circuits Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 New Risk • Nov 04
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 42% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.50 (vs CN¥0.42 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.50 (up from CN¥0.42 in 3Q 2024). Revenue: CN¥250.7m (up 28% from 3Q 2024). Net income: CN¥37.6m (up 59% from 3Q 2024). Profit margin: 15% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥91.83, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 60x in the Electronic industry in China. 공시 • Sep 30
Shenzhen Q&D Circuits Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shenzhen Q&D Circuits Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. 공시 • Jul 02
Shenzhen Q&D Circuits Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Shenzhen Q&D Circuits Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 공시 • Apr 19
Shenzhen Q&D Circuits Co., Ltd. Proposes Final Dividend for 2024 Shenzhen Q&D Circuits Co., Ltd. proposed final cash dividend of CNY 4.00000000 per 10 shares (tax included) for 2024. 공시 • Apr 18
Shenzhen Q&D Circuits Co., Ltd., Annual General Meeting, May 09, 2025 Shenzhen Q&D Circuits Co., Ltd., Annual General Meeting, May 09, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥69.36, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 48x in the Electronic industry in China. 공시 • Mar 31
Shenzhen Q&D Circuits Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Shenzhen Q&D Circuits Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥104, the stock trades at a trailing P/E ratio of 75.7x. Average trailing P/E is 53x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥70.98, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 44x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥83.96, the stock trades at a trailing P/E ratio of 60.9x. Average trailing P/E is 45x in the Electronic industry in China. Buy Or Sell Opportunity • Oct 31
Now 448% overvalued The stock has been flat over the last 90 days, currently trading at CN¥138. The fair value is estimated to be CN¥25.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only.