Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥125, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 73x in the Electronic industry in China. Total returns to shareholders of 56% over the past year. New Risk • May 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 (20% accrual ratio). Minor Risk Dividend is not well covered by cash flows (200% cash payout ratio). 공시 • Apr 29
Shenzhen Uniconn Technology Co., Ltd., Annual General Meeting, May 20, 2026 Shenzhen Uniconn Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: No. 1, Dahua Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥3.21 (vs CN¥3.31 in FY 2024) Full year 2025 results: EPS: CN¥3.21. Revenue: CN¥5.15b (up 32% from FY 2024). Net income: CN¥293.5m (up 26% from FY 2024). Profit margin: 5.7% (down from 6.0% in FY 2024). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥103, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 63x in the Electronic industry in China. Total returns to shareholders of 36% over the past year. Buy Or Sell Opportunity • Apr 15
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CN¥103. The fair value is estimated to be CN¥85.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 21%. 공시 • Mar 31
Shenzhen Uniconn Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Shenzhen Uniconn Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Buy Or Sell Opportunity • Feb 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to CN¥104. The fair value is estimated to be CN¥85.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 21%. 공시 • Dec 31
Shenzhen Uniconn Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Shenzhen Uniconn Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Buy Or Sell Opportunity • Dec 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.6% to CN¥100. The fair value is estimated to be CN¥83.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 21%. New Risk • Nov 13
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 7.6% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Nov 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to CN¥102. The fair value is estimated to be CN¥83.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 21%. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.93 (vs CN¥1.00 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.93. Revenue: CN¥1.44b (up 40% from 3Q 2024). Net income: CN¥84.6m (up 24% from 3Q 2024). Profit margin: 5.9% (down from 6.7% in 3Q 2024). The decrease in margin was driven by higher expenses. 공시 • Sep 30
Shenzhen Uniconn Technology Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Shenzhen Uniconn Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥104, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 62x in the Electronic industry in China. 공시 • Jul 02
Shenzhen Uniconn Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Shenzhen Uniconn Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Apr 27
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.1% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. 공시 • Apr 22
Shenzhen Uniconn Technology Co., Ltd. Proposes Final Dividend for 2024 Shenzhen Uniconn Technology Co., Ltd. proposed announced on 21 April 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 12.00000000. 공시 • Apr 21
Shenzhen Uniconn Technology Co., Ltd., Annual General Meeting, May 12, 2025 Shenzhen Uniconn Technology Co., Ltd., Annual General Meeting, May 12, 2025, at 14:00 China Standard Time. Location: No. 1, Dahua Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong China New Risk • Apr 07
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 8.8% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (43% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). 공시 • Mar 31
Shenzhen Uniconn Technology Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Shenzhen Uniconn Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Feb 14
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (43% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). Buy Or Sell Opportunity • Nov 28
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at CN¥140. The fair value is estimated to be CN¥185, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 38%.