Declared Dividend • May 25
Final dividend reduced to CN¥0.60 Dividend of CN¥0.60 is 33% lower than last year. Ex-date: 28th May 2026 Payment date: 28th May 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 45% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 12% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Dehong Zhou was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 21
Dongguan Aohai Technology Co., Ltd., Annual General Meeting, May 12, 2026 Dongguan Aohai Technology Co., Ltd., Annual General Meeting, May 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China 공시 • Mar 31
Dongguan Aohai Technology Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Dongguan Aohai Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 공시 • Dec 31
Dongguan Aohai Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Dongguan Aohai Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 공시 • Nov 15
Dongguan Aohai Technology Co., Ltd. Approves Dividend for the Third Quarter of 2025 Dongguan Aohai Technology Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 13 November 2025, approved Cash dividend/10 shares (tax included): CNY6.00000000 for third quarter of 2025. 공시 • Oct 29
Dongguan Aohai Technology Co., Ltd. Proposes Third Quarter Cash dividend for 2025 Dongguan Aohai Technology Co., Ltd. at 1st Extraordinary General Meeting of 2025 to be held on 13 November 2025 proposed third quarter profit distribution plan for 2025 of Cash dividend (tax included) of CNY 6.00000000 per 10 shares. 공시 • Sep 30
Dongguan Aohai Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Dongguan Aohai Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 공시 • Jul 02
Dongguan Aohai Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Dongguan Aohai Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 공시 • Apr 22
Dongguan Aohai Technology Co., Ltd., Annual General Meeting, May 13, 2025 Dongguan Aohai Technology Co., Ltd., Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China 공시 • Mar 31
Dongguan Aohai Technology Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Dongguan Aohai Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 공시 • Dec 31
Dongguan Aohai Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Dongguan Aohai Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 공시 • Nov 23
Dongguan Aohai Technology Co., Ltd. Announces Profit Distribution Plan (A Shares) for Third Quarter 2024, Payable on 28 November 2024 Dongguan Aohai Technology Co., Ltd. announced 2024 third quarter profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 6.03025600. Record date: 27 November 2024; Ex-date: 28 November 2024; Payment date: 28 November 2024. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.63, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 30x in the Tech industry in China. Total loss to shareholders of 10.0% over the past three years. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥27.31, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 26x in the Tech industry in China. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥29.91, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Tech industry in China. Total loss to shareholders of 11% over the past three years. 공시 • Sep 30
Dongguan Aohai Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Dongguan Aohai Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% 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 (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥24.62, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Tech industry in China. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.32 per share. Declared Dividend • Jun 01
Final dividend increased to CN¥0.60 Dividend of CN¥0.60 is 100% higher than last year. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 73% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공시 • Jun 01
Dongguan Aohai Technology Co., Ltd. Approves Profit Distribution for 2023, Payable on 06 June 2024 Dongguan Aohai Technology Co., Ltd. approved 2023 profit distribution plan: cash dividend/10 shares (tax included) of CNY 6.00000000. Record date: 05 June 2024. Ex-date: 06 June 2024. Payment date: 06 June 2024. 공시 • May 26
Dongguan Aohai Technology Co., Ltd. Approves Cash Dividend for the Year 2023 Dongguan Aohai Technology Co., Ltd. announced that at its AGM held on 23 May 2024, the shareholders approved 2023 profit distribution plan: cash dividend/10 shares (tax included) of CNY 6.00000000. 공시 • May 01
Dongguan Aohai Technology Co., Ltd., Annual General Meeting, May 23, 2024 Dongguan Aohai Technology Co., Ltd., Annual General Meeting, May 23, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Dongguan, Guangdong China 공시 • Mar 30
Dongguan Aohai Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Dongguan Aohai Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (16% increase in shares outstanding). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.07, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Tech industry in China. Total loss to shareholders of 36% over the past year. 공시 • Dec 29
Dongguan Aohai Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Dongguan Aohai Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 공시 • Nov 22
Dongguan Aohai Technology Co., Ltd. Announces Third Quarter Dividend on A Shares for the Year 2023, Payable on 28 November 2023 Dongguan Aohai Technology Co., Ltd. announced third quarter cash dividend/10 shares (tax included) of CNY 3.00000000 on A shares for the year 2023. Record date is 27 November 2023. Ex-date is 28 November 2023. Payment date is 28 November 2023. 공시 • Nov 18
Dongguan Aohai Technology Co., Ltd. Approves Distribution for the Third Quarter of 2023 Dongguan Aohai Technology Co., Ltd. at its 3rd EGM held on November 16, 2023 approved the profit distribution proposal of cash dividend per 10 shares (tax included) of CNY 3.00000000 for the third quarter of 2023. 공시 • Nov 01
Dongguan Aohai Technology Co., Ltd. Proposes Distribution for the Third Quarter of 2023 Dongguan Aohai Technology Co., Ltd. announced on 31 October 2023 the profit distribution proposal of cash dividend per 10 shares (tax included) of CNY 3.00000000 for the third quarter of 2023. 공시 • Sep 30
Dongguan Aohai Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Dongguan Aohai Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥37.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Tech industry in China. Total loss to shareholders of 23% over the past year. 공시 • May 23
Dongguan Aohai Technology Co., Ltd. Approves Cash Dividend for the Year 2022 Dongguan Aohai Technology Co., Ltd. . held its Annual General Meeting of 2022 on 19 May 2023, during which it approved cash dividend of CNY 3.00000000 per ten shares (tax included) for the year 2022. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥40.18, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Tech industry in China. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥55.66, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Tech industry in China. Total returns to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥43.46, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Tech industry in China. Total returns to shareholders of 11% over the past year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥33.92, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 40x in the Tech industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥33.92, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 43x in the Tech industry in China.