공시 • Aug 09
Guangdong Chaohua Technology Co., Ltd(SZSE:002288) dropped from Shenzhen Stock Exchange A Share Index Guangdong Chaohua Technology Co., Ltd has been dropped from Shenzhen SE A share index 공시 • Aug 08
Guangdong Chaohua Technology Co., Ltd(SZSE:002288) dropped from Shenzhen Stock Exchange Composite Index Guangdong Chaohua Technology Co., Ltd has been dropped from Shenzhen Stock Exchange Composite Index 공시 • Jun 29
Guangdong Chaohua Technology Co., Ltd to Report First Half, 2024 Results on Aug 30, 2024 Guangdong Chaohua Technology Co., Ltd announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥698.7m (US$96.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (CN¥698.7m market cap, or US$96.4m). Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.022 loss in 1Q 2023) First quarter 2024 results: CN¥0.024 loss per share (further deteriorated from CN¥0.022 loss in 1Q 2023). Revenue: CN¥57.3m (down 76% from 1Q 2023). Net loss: CN¥22.4m (loss widened 9.6% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. 공시 • May 01
Guangdong Chaohua Technology Co., Ltd, Annual General Meeting, May 23, 2024 Guangdong Chaohua Technology Co., Ltd, Annual General Meeting, May 23, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Meizhou, Guangdong China 공시 • Mar 30
Guangdong Chaohua Technology Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 Guangdong Chaohua Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 공시 • Dec 30
Guangdong Chaohua Technology Co., Ltd to Report Fiscal Year 2023 Results on Mar 15, 2024 Guangdong Chaohua Technology Co., Ltd announced that they will report fiscal year 2023 results on Mar 15, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.006 loss per share (vs CN¥0.002 profit in 3Q 2022) Third quarter 2023 results: CN¥0.006 loss per share (down from CN¥0.002 profit in 3Q 2022). Revenue: CN¥125.3m (down 70% from 3Q 2022). Net loss: CN¥5.73m (down 449% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CN¥0.032 (vs CN¥0.003 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.032 (up from CN¥0.003 in 2Q 2022). Revenue: CN¥401.2m (down 20% from 2Q 2022). Net income: CN¥29.6m (up CN¥26.4m from 2Q 2022). Profit margin: 7.4% (up from 0.6% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.022 loss per share (vs CN¥0.03 profit in 1Q 2022) First quarter 2023 results: CN¥0.022 loss per share (down from CN¥0.03 profit in 1Q 2022). Revenue: CN¥234.1m (down 58% from 1Q 2022). Net loss: CN¥20.4m (down 173% from profit in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
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. 2 experienced directors. No highly experienced directors. Independent Director Xijuan Shao 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. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.03 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.002 (down from CN¥0.03 in 3Q 2021). Revenue: CN¥418.3m (down 36% from 3Q 2021). Net income: CN¥1.65m (down 94% from 3Q 2021). Profit margin: 0.4% (down from 4.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.003 (vs CN¥0.043 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.003 (down from CN¥0.043 in 2Q 2021). Revenue: CN¥503.6m (down 23% from 2Q 2021). Net income: CN¥3.17m (down 92% from 2Q 2021). Profit margin: 0.6% (down from 6.1% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.036 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.036 in 1Q 2021). Revenue: CN¥563.1m (up 4.5% from 1Q 2021). Net income: CN¥28.0m (down 16% from 1Q 2021). Profit margin: 5.0% (down from 6.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Jianfeng Liang was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.077 (vs CN¥0.023 in FY 2020) Full year 2021 results: EPS: CN¥0.077 (up from CN¥0.023 in FY 2020). Revenue: CN¥2.47b (up 94% from FY 2020). Net income: CN¥71.9m (up 235% from FY 2020). Profit margin: 2.9% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.017 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥651.8m (up 68% from 3Q 2020). Net income: CN¥27.6m (up 80% from 3Q 2020). Profit margin: 4.2% (up from 3.9% 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 46% per year whereas the company’s share price has increased by 45% per year. 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¥9.08, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 141% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥9.67, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 147% over the past three years. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CN¥0.043 (vs CN¥0.01 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥657.8m (up 106% from 2Q 2020). Net income: CN¥40.1m (up CN¥49.6m from 2Q 2020). Profit margin: 6.1% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥0.032 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥539.0m (up 154% from 1Q 2020). Net income: CN¥33.5m (up CN¥63.5m from 1Q 2020). Profit margin: 6.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 27%, compared to a 31% growth forecast for the Electronic industry in China. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS CN¥0.023 (vs CN¥0.02 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.28b (down 3.3% from FY 2019). Net income: CN¥21.5m (up 16% from FY 2019). Profit margin: 1.7% (up from 1.4% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 79% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 20
New 90-day high: CN¥10.13 The company is up 51% from its price of CN¥6.71 on 23 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥8.22 The company is up 5.0% from its price of CN¥7.80 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is up 4.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥31.3m, with earnings decreasing by CN¥50.7m from the prior year. Total revenue was CN¥1.22b over the last 12 months, down 13% from the prior year.