View ValuationGRG Banking Equipment 향후 성장Future 기준 점검 1/6GRG Banking Equipment (는) 각각 연간 17.6% 및 12.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 15.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.5% 로 예상됩니다.핵심 정보17.6%이익 성장률15.35%EPS 성장률Tech 이익 성장16.2%매출 성장률12.4%향후 자기자본이익률8.49%애널리스트 커버리지Low마지막 업데이트27 Apr 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesDeclared Dividend • 11hDividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 1 highly experienced director. Chairman Jian Liang Chen is the most experienced director on the board, commencing their role in 2017. 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 • Mar 31GRG Banking Equipment Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026GRG Banking Equipment Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026공시 • Mar 28GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 17, 2026GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 17, 2026, at 15:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China공시 • Dec 31GRG Banking Equipment Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026GRG Banking Equipment Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026공시 • Nov 19Grg Banking Equipment Co., Ltd. Approves Interim Profit Distribution Plan as Cash Dividend for 2025GRG Banking Equipment Co., Ltd. at its EGM, held on 17 November 2025, approved 2025 interim profit distribution plan as Cash dividend of CNY 1.70000000 per 10 shares (tax included).공시 • Nov 01GRG Banking Equipment Co., Ltd. Proposes Interim Profit Distribution Plan as Cash Dividend for 2025GRG Banking Equipment Co., Ltd. at its EGM, held on 17 November 2025, proposed 2025 interim profit distribution plan as Cash dividend of CNY 1.70000000 per 10 shares (tax included).공시 • Sep 30GRG Banking Equipment Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025GRG Banking Equipment Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025공시 • Jul 02GRG Banking Equipment Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025GRG Banking Equipment Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025공시 • Apr 22GRG Banking Equipment Co., Ltd. Approves Cash Dividend for 2024GRG Banking Equipment Co., Ltd. at its Annual General Meeting of 2024, held on 18 April 2025, approved the profit distribution proposal for 2024 of CNY 2.00000000 per 10 shares (tax included) as Cash dividend.공시 • Apr 01Grg Banking Equipment Co., Ltd. Proposes Final Cash Distribution for 2024GRG Banking Equipment Co., Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 2.00000000.공시 • Mar 31GRG Banking Equipment Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025GRG Banking Equipment Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025공시 • Mar 29GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 18, 2025GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 18, 2025, at 15:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China공시 • Dec 31GRG Banking Equipment Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025GRG Banking Equipment Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.11 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.07 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥2.41b (up 14% from 3Q 2023). Net income: CN¥174.6m (down 37% from 3Q 2023). Profit margin: 7.2% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥11.70, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Tech industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.63 per share.공시 • Sep 30GRG Banking Equipment Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024GRG Banking Equipment Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.091 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.091 in 2Q 2023). Revenue: CN¥2.70b (up 25% from 2Q 2023). Net income: CN¥251.1m (up 5.6% from 2Q 2023). Profit margin: 9.3% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech 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 4% per year, which means it is significantly lagging earnings.공시 • Jun 29GRG Banking Equipment Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024GRG Banking Equipment Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024공시 • Jun 01GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire 10% stake in Guangzhou Wuzhou Technology Co., Ltd. from Liu Ying for CNY 57 million.GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire 10% stake in Guangzhou Wuzhou Technology Co., Ltd. from Liu Ying for CNY 57 million on May 29, 2024. As part of the transaction, GRG will acquire 12.6 million shares at a a price of CNY 4.5170 per share. Upon completion of this transaction, GRG will hold 26.23% stake in Guangzhou Wuzhou. GRG will fund the transaction from its own funds. The board of GRG approved the transaction.Declared Dividend • May 25Dividend of CN¥0.20 announcedDividend of CN¥0.20 is the same as last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 25GRG Banking Equipment Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024GRG Banking Equipment Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024.Reported Earnings • Mar 31Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.33 in FY 2022). Revenue: CN¥9.04b (up 20% from FY 2022). Net income: CN¥976.9m (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year.공시 • Mar 30+ 1 more updateGRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 19, 2024GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 19, 2024, at 15:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong ChinaBuy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 1.1% to CN¥12.43. The fair value is estimated to be CN¥15.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 35% in the next 2 years.Reported Earnings • Feb 28Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.33 in FY 2022). Revenue: CN¥9.04b (up 20% from FY 2022). Net income: CN¥979.5m (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.Buy Or Sell Opportunity • Feb 08Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to CN¥10.65. The fair value is estimated to be CN¥8.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 5.5%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥8.61, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Tech industry in China. Total returns to shareholders of 2.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.17 per share.Buy Or Sell Opportunity • Jan 24Now 22% overvaluedOver the last 90 days, the stock has fallen 16% to CN¥9.97. The fair value is estimated to be CN¥8.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 5.5%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.공시 • Dec 30GRG Banking Equipment Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024GRG Banking Equipment Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024공시 • Dec 27GRG Banking Equipment Co., Ltd. Announces Director AppointmentsGRG Banking Equipment Co., Ltd. announced that at its Extraordinary General Meeting held on 25 December 2023, approved the election of Deng Jiaqing, Zhao Qian as non-independent directors; and Huang Shuping as independent director.Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.099 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.099 in 3Q 2022). Revenue: CN¥2.11b (up 25% from 3Q 2022). Net income: CN¥278.8m (up 9.5% from 3Q 2022). Profit margin: 13% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Board Change • Oct 08Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Guochang Liu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공시 • Sep 29GRG Banking Equipment Co., Ltd. Announces Executive AppointmentsGRG Banking Equipment Co., Ltd. at the Extraordinary General Meeting of 2023 on 27 September 2023 approved by-election of Huang Jiyuan as a director and election of Chen Rong as a supervisor.Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.091 (vs CN¥0.08 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.091 (up from CN¥0.08 in 2Q 2022). Revenue: CN¥2.16b (up 28% from 2Q 2022). Net income: CN¥237.7m (up 27% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech 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 3% per year, which means it is significantly lagging earnings.공시 • Aug 19Grg Banking Equipment Co., Ltd. Approves Election of Liu Guochang as an Independent DirectorGRG Banking Equipment Co., Ltd. at its 1st Extraordinary General Meeting of 2023 on 17 August 2023, during which the company approved election of Liu Guochang as an independent director.공시 • Aug 04GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire Guangzhou GRG International Trading Co., Ltd. from Guangzhou GRG Pingyun Capital Management Co., Ltd. CNY 69 million.GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire Guangzhou GRG International Trading Co., Ltd. from Guangzhou GRG Pingyun Capital Management Co., Ltd. CNY 69 million on July 31, 2023. As of May 31, 2023, Guangzhou GRG International Trading Co., Ltd reported total assets of CNY 910 million and net assets of CNY 25.9 million. The deal has been approved by board of directors of GRG Banking Equipment Co., Ltd.Board Change • Aug 04Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jin Yi Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Jun 03Grg Banking Equipment Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date: 09 June 2023GRG Banking Equipment Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.00000000, Record date: 08 June 2023, Ex-date: 09 June 2023 and Payment date: 09 June 2023.Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.09 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.09 in 1Q 2022). Revenue: CN¥1.47b (up 5.1% from 1Q 2022). Net income: CN¥235.9m (up 4.9% from 1Q 2022). Profit margin: 16% (in line with 1Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech 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 2% per year, which means it is significantly lagging earnings.Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jin Yi Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.099. Revenue: CN¥1.69b (up 9.6% from 3Q 2021). Net income: CN¥254.7m (up 10% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China.Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.075 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.075 in 2Q 2021). Revenue: CN¥1.69b (up 15% from 2Q 2021). Net income: CN¥187.7m (up 9.0% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 25% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year.Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.08 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.08 in 1Q 2021). Revenue: CN¥1.40b (up 11% from 1Q 2021). Net income: CN¥224.9m (up 11% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 9.4%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jin Yi Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 02Full year 2021 earnings released: EPS: CN¥0.33 (vs CN¥0.29 in FY 2020)Full year 2021 results: EPS: CN¥0.33 (up from CN¥0.29 in FY 2020). Revenue: CN¥6.78b (up 5.8% from FY 2020). Net income: CN¥806.5m (up 15% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 23% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.Board Change • Mar 21High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jin Yi Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CN¥0.33 (up from CN¥0.29 in FY 2020). Revenue: CN¥6.78b (up 5.8% from FY 2020). Net income: CN¥806.5m (up 15% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 23%, compared to a 26% growth forecast for the 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 increased by 21% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.54b (up 6.7% from 3Q 2020). Net income: CN¥230.8m (up 47% from 3Q 2020). Profit margin: 15% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Aug 28Second quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.07 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.47b (up 10% from 2Q 2020). Net income: CN¥172.2m (up 3.9% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.06 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.27b (up 11% from 1Q 2020). Net income: CN¥202.4m (up 41% from 1Q 2020). Profit margin: 16% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.Reported Earnings • Apr 03Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.31 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥6.41b (down 1.3% from FY 2019). Net income: CN¥700.4m (down 7.6% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improved over the past weekAfter last week's 24% share price gain to CN¥11.31, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Tech industry in China. Total returns to shareholders of 68% over the past three years.Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.32 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥6.41b (down 1.3% from FY 2019). Net income: CN¥700.0m (down 7.6% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Mar 04Revenue misses expectationsRevenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 16%, compared to a 35% growth forecast for the Tech industry in China.Is New 90 Day High Low • Jan 22New 90-day low: CN¥9.83The company is down 20% from its price of CN¥12.29 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.Is New 90 Day High Low • Jan 07New 90-day low: CN¥10.00The company is down 20% from its price of CN¥12.55 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 12New 90-day low: CN¥10.90The company is down 13% from its price of CN¥12.59 on 11 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 Tech industry, which is up 1.0% over the same period.Is New 90 Day High Low • Oct 28New 90-day low: CN¥12.06The company is down 15% from its price of CN¥14.18 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.03 per share.Reported Earnings • Oct 20Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥720.5m, largely unchanged from the prior year. Total revenue was CN¥6.34b over the last 12 months, up 1.0% from the prior year.Is New 90 Day High Low • Sep 28New 90-day low: CN¥12.18The company is down 6.0% from its price of CN¥12.94 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.09 per share.이익 및 매출 성장 예측XSEC:002152 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202816,6531,212N/A1,106112/31/202715,8911,427N/A1,286212/31/202613,551979N/A-45413/31/202612,1178479961,325N/A12/31/202512,0558611,3621,700N/A9/30/202511,6558491,5991,906N/A6/30/202511,4358871,3211,480N/A3/31/202511,0109131,0801,207N/A12/31/202410,8669201,1231,267N/A9/30/202410,4188971,0931,253N/A6/30/202410,1141,0021,1081,345N/A3/31/20249,5759881,2181,478N/A12/31/20239,0439771,2481,503N/A9/30/20238,4889151,2641,543N/A6/30/20238,0698901,3451,597N/A3/31/20237,5998401,5201,795N/A1/1/20237,5268291,4351,738N/A9/30/20227,2898869321,260N/A6/30/20227,1428621,0021,290N/A3/31/20226,9168471,0641,308N/A12/31/20216,7828241,3281,591N/A9/30/20216,7688399511,238N/A6/30/20216,6717661,1591,530N/A3/31/20216,5377597491,451N/A12/31/20206,4117005391,222N/A9/30/20206,343721337954N/A6/30/20206,33269980683N/A3/31/20206,364702481750N/A12/31/20196,496758N/A929N/A9/30/20196,275727N/A896N/A6/30/20195,978695N/A936N/A3/31/20195,707681N/A870N/A12/31/20185,459670N/A967N/A9/30/20185,207689N/A843N/A6/30/20184,973711N/A812N/A3/31/20184,570824N/A804N/A12/31/20174,384899N/A672N/A9/30/20174,257995N/A985N/A6/30/20174,2811,020N/A936N/A3/31/20174,436930N/A946N/A12/31/20164,424844N/A1,112N/A9/30/20164,458927N/A1,456N/A6/30/20164,290910N/A1,150N/A3/31/20164,103907N/A1,147N/A12/31/20153,973898N/A858N/A9/30/20153,629845N/A769N/A6/30/20153,407828N/A950N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 002152 의 연간 예상 수익 증가율(17.6%)이 saving rate(2.4%)보다 높습니다.수익 vs 시장: 002152 의 연간 수익(17.6%)이 CN 시장(27.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 002152 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 002152 의 수익(연간 12.4%)이 CN 시장(연간 16.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 002152 의 수익(연간 12.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 002152의 자본 수익률은 3년 후 8.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 07:25종가2026/05/22 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스GRG Banking Equipment Co., Ltd.는 10명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관You You LiuChina Stock Investment Research Co. Ltd. (GZ500..com)Zeyuan YangCitic Securities Co., Ltd.Junyi PuEverbright Securities Co. Ltd.7명의 분석가 더 보기
Declared Dividend • 11hDividend of CN¥0.20 announcedShareholders will receive a dividend of CN¥0.20. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio) nor is it adequately covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 53% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Board Change • May 20High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 1 highly experienced director. Chairman Jian Liang Chen is the most experienced director on the board, commencing their role in 2017. 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 • Mar 31GRG Banking Equipment Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026GRG Banking Equipment Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026
공시 • Mar 28GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 17, 2026GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 17, 2026, at 15:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
공시 • Dec 31GRG Banking Equipment Co., Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026GRG Banking Equipment Co., Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026
공시 • Nov 19Grg Banking Equipment Co., Ltd. Approves Interim Profit Distribution Plan as Cash Dividend for 2025GRG Banking Equipment Co., Ltd. at its EGM, held on 17 November 2025, approved 2025 interim profit distribution plan as Cash dividend of CNY 1.70000000 per 10 shares (tax included).
공시 • Nov 01GRG Banking Equipment Co., Ltd. Proposes Interim Profit Distribution Plan as Cash Dividend for 2025GRG Banking Equipment Co., Ltd. at its EGM, held on 17 November 2025, proposed 2025 interim profit distribution plan as Cash dividend of CNY 1.70000000 per 10 shares (tax included).
공시 • Sep 30GRG Banking Equipment Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025GRG Banking Equipment Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
공시 • Jul 02GRG Banking Equipment Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025GRG Banking Equipment Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025
공시 • Apr 22GRG Banking Equipment Co., Ltd. Approves Cash Dividend for 2024GRG Banking Equipment Co., Ltd. at its Annual General Meeting of 2024, held on 18 April 2025, approved the profit distribution proposal for 2024 of CNY 2.00000000 per 10 shares (tax included) as Cash dividend.
공시 • Apr 01Grg Banking Equipment Co., Ltd. Proposes Final Cash Distribution for 2024GRG Banking Equipment Co., Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 2.00000000.
공시 • Mar 31GRG Banking Equipment Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025GRG Banking Equipment Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
공시 • Mar 29GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 18, 2025GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 18, 2025, at 15:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
공시 • Dec 31GRG Banking Equipment Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025GRG Banking Equipment Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.11 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.07 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥2.41b (up 14% from 3Q 2023). Net income: CN¥174.6m (down 37% from 3Q 2023). Profit margin: 7.2% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 23%After last week's 23% share price gain to CN¥11.70, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Tech industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥6.63 per share.
공시 • Sep 30GRG Banking Equipment Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024GRG Banking Equipment Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.091 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.091 in 2Q 2023). Revenue: CN¥2.70b (up 25% from 2Q 2023). Net income: CN¥251.1m (up 5.6% from 2Q 2023). Profit margin: 9.3% (down from 11% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech 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 4% per year, which means it is significantly lagging earnings.
공시 • Jun 29GRG Banking Equipment Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024GRG Banking Equipment Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024
공시 • Jun 01GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire 10% stake in Guangzhou Wuzhou Technology Co., Ltd. from Liu Ying for CNY 57 million.GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire 10% stake in Guangzhou Wuzhou Technology Co., Ltd. from Liu Ying for CNY 57 million on May 29, 2024. As part of the transaction, GRG will acquire 12.6 million shares at a a price of CNY 4.5170 per share. Upon completion of this transaction, GRG will hold 26.23% stake in Guangzhou Wuzhou. GRG will fund the transaction from its own funds. The board of GRG approved the transaction.
Declared Dividend • May 25Dividend of CN¥0.20 announcedDividend of CN¥0.20 is the same as last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 25GRG Banking Equipment Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024GRG Banking Equipment Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 2.00000000 on A shares for the year 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024.
Reported Earnings • Mar 31Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.33 in FY 2022). Revenue: CN¥9.04b (up 20% from FY 2022). Net income: CN¥976.9m (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year.
공시 • Mar 30+ 1 more updateGRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 19, 2024GRG Banking Equipment Co., Ltd., Annual General Meeting, Apr 19, 2024, at 15:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China
Buy Or Sell Opportunity • Mar 19Now 21% undervaluedOver the last 90 days, the stock has risen 1.1% to CN¥12.43. The fair value is estimated to be CN¥15.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 35% in the next 2 years.
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: CN¥0.39 (vs CN¥0.33 in FY 2022)Full year 2023 results: EPS: CN¥0.39 (up from CN¥0.33 in FY 2022). Revenue: CN¥9.04b (up 20% from FY 2022). Net income: CN¥979.5m (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year.
Buy Or Sell Opportunity • Feb 08Now 22% overvaluedOver the last 90 days, the stock has fallen 11% to CN¥10.65. The fair value is estimated to be CN¥8.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 5.5%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to CN¥8.61, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Tech industry in China. Total returns to shareholders of 2.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.17 per share.
Buy Or Sell Opportunity • Jan 24Now 22% overvaluedOver the last 90 days, the stock has fallen 16% to CN¥9.97. The fair value is estimated to be CN¥8.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 5.5%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
공시 • Dec 30GRG Banking Equipment Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024GRG Banking Equipment Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024
공시 • Dec 27GRG Banking Equipment Co., Ltd. Announces Director AppointmentsGRG Banking Equipment Co., Ltd. announced that at its Extraordinary General Meeting held on 25 December 2023, approved the election of Deng Jiaqing, Zhao Qian as non-independent directors; and Huang Shuping as independent director.
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.099 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.099 in 3Q 2022). Revenue: CN¥2.11b (up 25% from 3Q 2022). Net income: CN¥278.8m (up 9.5% from 3Q 2022). Profit margin: 13% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Board Change • Oct 08Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Guochang Liu was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공시 • Sep 29GRG Banking Equipment Co., Ltd. Announces Executive AppointmentsGRG Banking Equipment Co., Ltd. at the Extraordinary General Meeting of 2023 on 27 September 2023 approved by-election of Huang Jiyuan as a director and election of Chen Rong as a supervisor.
Reported Earnings • Aug 30Second quarter 2023 earnings released: EPS: CN¥0.091 (vs CN¥0.08 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.091 (up from CN¥0.08 in 2Q 2022). Revenue: CN¥2.16b (up 28% from 2Q 2022). Net income: CN¥237.7m (up 27% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech 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 3% per year, which means it is significantly lagging earnings.
공시 • Aug 19Grg Banking Equipment Co., Ltd. Approves Election of Liu Guochang as an Independent DirectorGRG Banking Equipment Co., Ltd. at its 1st Extraordinary General Meeting of 2023 on 17 August 2023, during which the company approved election of Liu Guochang as an independent director.
공시 • Aug 04GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire Guangzhou GRG International Trading Co., Ltd. from Guangzhou GRG Pingyun Capital Management Co., Ltd. CNY 69 million.GRG Banking Equipment Co., Ltd. (SZSE:002152) agreed to acquire Guangzhou GRG International Trading Co., Ltd. from Guangzhou GRG Pingyun Capital Management Co., Ltd. CNY 69 million on July 31, 2023. As of May 31, 2023, Guangzhou GRG International Trading Co., Ltd reported total assets of CNY 910 million and net assets of CNY 25.9 million. The deal has been approved by board of directors of GRG Banking Equipment Co., Ltd.
Board Change • Aug 04Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jin Yi Li was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Jun 03Grg Banking Equipment Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date: 09 June 2023GRG Banking Equipment Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.00000000, Record date: 08 June 2023, Ex-date: 09 June 2023 and Payment date: 09 June 2023.
Reported Earnings • Apr 26First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.09 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.09 in 1Q 2022). Revenue: CN¥1.47b (up 5.1% from 1Q 2022). Net income: CN¥235.9m (up 4.9% from 1Q 2022). Profit margin: 16% (in line with 1Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech 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 2% per year, which means it is significantly lagging earnings.
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jin Yi Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 29Third quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.11 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.099. Revenue: CN¥1.69b (up 9.6% from 3Q 2021). Net income: CN¥254.7m (up 10% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China.
Reported Earnings • Aug 29Second quarter 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.075 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.08 (up from CN¥0.075 in 2Q 2021). Revenue: CN¥1.69b (up 15% from 2Q 2021). Net income: CN¥187.7m (up 9.0% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 25% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year.
Reported Earnings • Apr 29First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.08 in 1Q 2021)First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.08 in 1Q 2021). Revenue: CN¥1.40b (up 11% from 1Q 2021). Net income: CN¥224.9m (up 11% from 1Q 2021). Profit margin: 16% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 9.4%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jin Yi Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: CN¥0.33 (vs CN¥0.29 in FY 2020)Full year 2021 results: EPS: CN¥0.33 (up from CN¥0.29 in FY 2020). Revenue: CN¥6.78b (up 5.8% from FY 2020). Net income: CN¥806.5m (up 15% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 23% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year.
Board Change • Mar 21High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Jin Yi Li was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 28Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: CN¥0.33 (up from CN¥0.29 in FY 2020). Revenue: CN¥6.78b (up 5.8% from FY 2020). Net income: CN¥806.5m (up 15% from FY 2020). Profit margin: 12% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 23%, compared to a 26% growth forecast for the 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 increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Oct 23Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.07 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.54b (up 6.7% from 3Q 2020). Net income: CN¥230.8m (up 47% from 3Q 2020). Profit margin: 15% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Aug 28Second quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.07 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.47b (up 10% from 2Q 2020). Net income: CN¥172.2m (up 3.9% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Apr 28First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.06 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.27b (up 11% from 1Q 2020). Net income: CN¥202.4m (up 41% from 1Q 2020). Profit margin: 16% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 20% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 03Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.31 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥6.41b (down 1.3% from FY 2019). Net income: CN¥700.4m (down 7.6% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 26Investor sentiment improved over the past weekAfter last week's 24% share price gain to CN¥11.31, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Tech industry in China. Total returns to shareholders of 68% over the past three years.
Reported Earnings • Mar 04Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.32 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥6.41b (down 1.3% from FY 2019). Net income: CN¥700.0m (down 7.6% from FY 2019). Profit margin: 11% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Mar 04Revenue misses expectationsRevenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 16%, compared to a 35% growth forecast for the Tech industry in China.
Is New 90 Day High Low • Jan 22New 90-day low: CN¥9.83The company is down 20% from its price of CN¥12.29 on 23 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 10.0% over the same period.
Is New 90 Day High Low • Jan 07New 90-day low: CN¥10.00The company is down 20% from its price of CN¥12.55 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 12New 90-day low: CN¥10.90The company is down 13% from its price of CN¥12.59 on 11 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 Tech industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Oct 28New 90-day low: CN¥12.06The company is down 15% from its price of CN¥14.18 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.03 per share.
Reported Earnings • Oct 20Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥720.5m, largely unchanged from the prior year. Total revenue was CN¥6.34b over the last 12 months, up 1.0% from the prior year.
Is New 90 Day High Low • Sep 28New 90-day low: CN¥12.18The company is down 6.0% from its price of CN¥12.94 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.09 per share.