공고 • Jun 30
Advanced Fiber Resources (Zhuhai), Ltd. to Report First Half, 2026 Results on Aug 18, 2026 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report first half, 2026 results on Aug 18, 2026 Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent & Non Executive Director Zhichao Qu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 공고 • Mar 31
Advanced Fiber Resources (Zhuhai), Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 공고 • Mar 24
Advanced Fiber Resources (Zhuhai), Ltd. announced that it expects to receive CNY 300 million in funding Advanced Fiber Resources (Zhuhai), Ltd. announced a private placement to issue A shares for gross proceeds of CNY 300,000,000 on March 23, 2026. The number of shares to be issued shall be determined according to the total amount of funds raised divided by the issue price, and shall not exceed 30% of the company's total share capital before the issuance. The issue price shall not be lower than 80% of the average stock trading price over the 20 trading days prior to the pricing benchmark date. Shares issued to specific targets may not be transferred within six months from the completion of the issuance, unless otherwise stipulated by laws and regulations regarding the lock-up period. The company has received approval in the 21st meeting of the fourth bard of directors. 공고 • Mar 23
Advanced Fiber Resources (Zhuhai), Ltd., Annual General Meeting, Apr 13, 2026 Advanced Fiber Resources (Zhuhai), Ltd., Annual General Meeting, Apr 13, 2026, at 14:30 China Standard Time. Location: 7F, No. 399, Chuangxin 3rd Road, Tangjiawan Town, High-tech Zone, Zhuhai, Guangdong China 공고 • Dec 31
Advanced Fiber Resources (Zhuhai), Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026 공고 • Oct 29
Advanced Fiber Resources (Zhuhai), Ltd. Announces Board Elections Advanced Fiber Resources (Zhuhai), Ltd. held its 1st Extraordinary General Meeting of 2025 on 27 October 2025, approved By-election of directors and legal representative: Qu Zhichao, non-independent executive director and legal representative; Liu Jiajie, non-independent director. 공고 • Sep 30
Advanced Fiber Resources (Zhuhai), Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 공고 • Jul 02
Advanced Fiber Resources (Zhuhai), Ltd. to Report First Half, 2025 Results on Aug 18, 2025 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report first half, 2025 results on Aug 18, 2025 공고 • Apr 01
Advanced Fiber Resources (Zhuhai), Ltd. Proposes Final Cash Dividend for the Year 2024 On March 31, 2025, Advanced Fiber Resources (Zhuhai), Ltd. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.00000000. 공고 • Mar 31
Advanced Fiber Resources (Zhuhai), Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 공고 • Mar 29
Advanced Fiber Resources (Zhuhai), Ltd., Annual General Meeting, Apr 22, 2025 Advanced Fiber Resources (Zhuhai), Ltd., Annual General Meeting, Apr 22, 2025, at 14:30 China Standard Time. Location: 7F, No. 399, Chuangxin 3rd Road, Tangjiawan Town, High-tech Zone, Zhuhai, Guangdong China 공고 • Dec 31
Advanced Fiber Resources (Zhuhai), Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.062 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.062 in 3Q 2023). Revenue: CN¥317.5m (up 71% from 3Q 2023). Net income: CN¥25.5m (up 70% from 3Q 2023). Profit margin: 8.0% (down from 8.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. New Risk • Sep 30
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 7.1% 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: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). 공고 • Sep 30
Advanced Fiber Resources (Zhuhai), Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 180% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.097 (vs CN¥0.066 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.097 (up from CN¥0.066 in 2Q 2023). Revenue: CN¥261.2m (up 42% from 2Q 2023). Net income: CN¥23.8m (up 47% from 2Q 2023). Profit margin: 9.1% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. 공고 • Jun 29
Advanced Fiber Resources (Zhuhai), Ltd. to Report First Half, 2024 Results on Aug 20, 2024 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report first half, 2024 results on Aug 20, 2024 Declared Dividend • May 12
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 16th May 2024 Payment date: 16th May 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.2%. 공고 • May 11
Advanced Fiber Resources (Zhuhai), Ltd. Proposes Final Cash Dividend on A Shares for the Year 2023, Payable on 16 May 2024 Advanced Fiber Resources (Zhuhai), Ltd. proposed 2023 final cash dividend on A shares of CNY 1.00000000 per ten shares (tax included). Record date: 15 May 2024. Ex-date: 16 May 2024. Payment date: 16 May 2024. Net cash dividend/10 shares after tax: CNY 0.90000000 (CNY 1.00000000- CNY 0.10000000). New Risk • May 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 293% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.1% net profit margin). Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.026 (vs CN¥0.062 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.026 (down from CN¥0.062 in 1Q 2023). Revenue: CN¥160.2m (up 3.4% from 1Q 2023). Net income: CN¥6.49m (down 58% from 1Q 2023). Profit margin: 4.1% (down from 10.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. New Risk • Apr 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 92% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.4% net profit margin). 공고 • Apr 05
Advanced Fiber Resources (Zhuhai), Ltd. Proposes Final Cash Dividend for the Year 2023 Advanced Fiber Resources (Zhuhai), Ltd. proposed final cash dividend of CNY 1.000000 per 10 shares (tax included) for the year 2023. 공고 • Apr 03
Advanced Fiber Resources (Zhuhai), Ltd., Annual General Meeting, Apr 26, 2024 Advanced Fiber Resources (Zhuhai), Ltd., Annual General Meeting, Apr 26, 2024, at 14:30 China Standard Time. Location: 7F, No. 399, Chuangxin 3rd Road, Tangjiawan Town, High-tech Zone, Zhuhai, Guangdong China 공고 • Mar 30
Advanced Fiber Resources (Zhuhai), Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 공고 • Dec 29
Advanced Fiber Resources (Zhuhai), Ltd. to Report Fiscal Year 2023 Results on Apr 03, 2024 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report fiscal year 2023 results on Apr 03, 2024 New Risk • Oct 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 11% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.062 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.062 (down from CN¥0.13 in 3Q 2022). Revenue: CN¥185.3m (up 3.6% from 3Q 2022). Net income: CN¥15.0m (down 53% from 3Q 2022). Profit margin: 8.1% (down from 18% in 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. 공고 • Sep 30
Advanced Fiber Resources (Zhuhai), Ltd. to Report Q3, 2023 Results on Oct 24, 2023 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report Q3, 2023 results on Oct 24, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥0.066 (vs CN¥0.14 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.066 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥183.7m (up 5.5% from 2Q 2022). Net income: CN¥16.2m (down 54% from 2Q 2022). Profit margin: 8.8% (down from 20% in 2Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. 공고 • Jul 01
Advanced Fiber Resources (Zhuhai), Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Advanced Fiber Resources (Zhuhai), Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Reported Earnings • Apr 17
First quarter 2023 earnings released: EPS: CN¥0.093 (vs CN¥0.14 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.093 (down from CN¥0.14 in 1Q 2022). Revenue: CN¥155.0m (up 9.9% from 1Q 2022). Net income: CN¥15.5m (down 33% from 1Q 2022). Profit margin: 10.0% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥55.01, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 28x in the Communications industry in China. Board Change • Mar 14
High number of new and inexperienced directors There 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. No highly experienced directors. Director Yuling Wu is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.