Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥162, the stock trades at a trailing P/E ratio of 79.3x. Average trailing P/E is 75x in the Electronic industry in China. Total returns to shareholders of 603% over the past year. Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jian Zhong Chen 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. Insufficient board refreshment. 공시 • Apr 28
Jiangsu Lettall Electronic Co.,Ltd, Annual General Meeting, May 28, 2026 Jiangsu Lettall Electronic Co.,Ltd, Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yixing, Jiangsu China 공시 • Mar 30
Jiangsu Lettall Electronic Co.,Ltd to Report Q1, 2026 Results on Apr 28, 2026 Jiangsu Lettall Electronic Co.,Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 공시 • Dec 26
Jiangsu Lettall Electronic Co.,Ltd to Report Fiscal Year 2025 Results on Apr 28, 2026 Jiangsu Lettall Electronic Co.,Ltd announced that they will report fiscal year 2025 results on Apr 28, 2026 공시 • Sep 30
Jiangsu Lettall Electronic Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Jiangsu Lettall Electronic Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 공시 • Jul 10
Ferrotec (An Hui) Technology Development Co.,LTD (SZSE:301297) acquired Jiangsu Ferrotec Semiconductor Technology Co., Ltd. from a group of shareholders. Ferrotec (An Hui) Technology Development Co.,LTD (SZSE:301297) agreed to acquire Jiangsu Ferrotec Semiconductor Technology Co., Ltd. from a group of shareholders for CNY 6.2 billion on October 17, 2024. Number of shares to be issued for the issuance of shares: 379,760,567 shares, accounting for 52.88% of the total share capital of the listed company after issuance (excluding the raised supporting funds, and assuming the transaction parties have not converted their convertible bonds into shares. Type of securities for convertible corporate bonds: Corporate bonds convertible into RMB ordinary shares (A-shares) of the listed company. Number of convertible corporate bonds issued: 3,599,009 bonds Initial conversion price for convertible corporate bonds CNY16.30 per share, not less than 80% of the average trading price of the listed company's stock over the 20 trading days prior to the pricing reference date. As part of the consideration Ferrotec (An Hui) Technology Development Co.,LTD's issued shares and convertible corporate bonds.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and approval of offer by acquirer board. As on May 29, 2025 The planned issuance of shares and convertible corporate bonds of Ferrotec (An Hui) Technology Development Co.,LTD to purchase the 100% stakes in Jiangsu Ferrotec Semiconductor Technology Co., Ltd. and raise supporting funds was reviewed and approved by Mergers and Acquisitions Review Committee of the Shenzhen Stock Exchange. As of June 27, 2025, The China Securities Regulatory Commission has approved regarding the issuance of shares and convertible corporate bonds by Anhui Fulede Technology Development Co., Ltd. for asset purchase and the registration of matching funds. This approval is valid for 12 months from the date of issuance.
Ferrotec (An Hui) Technology Development Co.,LTD (SZSE:301297) completed the acquisition of Jiangsu Ferrotec Semiconductor Technology Co., Ltd. from a group of shareholders on July 8, 2025. 공시 • Jun 30
Jiangsu Lettall Electronic Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Jiangsu Lettall Electronic Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 공시 • Apr 29
Jiangsu Lettall Electronic Co.,Ltd, Annual General Meeting, May 20, 2025 Jiangsu Lettall Electronic Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. 공시 • Mar 28
Jiangsu Lettall Electronic Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Jiangsu Lettall Electronic Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 공시 • Dec 27
Jiangsu Lettall Electronic Co.,Ltd to Report Fiscal Year 2024 Results on Apr 29, 2025 Jiangsu Lettall Electronic Co.,Ltd announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.013 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.04 (up from CN¥0.013 in 3Q 2023). Revenue: CN¥602.4m (up 28% from 3Q 2023). Net income: CN¥10.8m (up 213% from 3Q 2023). Profit margin: 1.8% (up from 0.7% in 3Q 2023). The increase in margin was driven by higher revenue. 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¥16.77, the stock trades at a trailing P/E ratio of 78.9x. Average trailing P/E is 41x in the Electronic industry in China. 공시 • Sep 30
Jiangsu Lettall Electronic Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Jiangsu Lettall Electronic Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 공시 • Jun 28
Jiangsu Lettall Electronic Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Jiangsu Lettall Electronic Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. 공시 • Apr 23
Jiangsu Lettall Electronic Co.,Ltd, Annual General Meeting, May 16, 2024 Jiangsu Lettall Electronic Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Yixing, Jiangsu China Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.057 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.057 in 1Q 2023). Revenue: CN¥427.9m (flat on 1Q 2023). Net income: CN¥33.1m (up 127% from 1Q 2023). Profit margin: 7.7% (up from 3.4% in 1Q 2023). 공시 • Mar 29
Jiangsu Lettall Electronic Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Jiangsu Lettall Electronic Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 공시 • Feb 09
Jiangsu Lettall Electronic Co.,Ltd (SHSE:603629) announces an Equity Buyback for CNY 50 million worth of its shares. Jiangsu Lettall Electronic Co.,Ltd (SHSE:603629) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The shares will be repurchased at a price not more than CNY 39.29 per share. The purpose of the program is to maintain company value and shareholder rights. The program will be valid for a period of 3 months. 공시 • Dec 29
Jiangsu Lettall Electronic Co.,Ltd to Report Fiscal Year 2023 Results on Apr 23, 2024 Jiangsu Lettall Electronic Co.,Ltd announced that they will report fiscal year 2023 results on Apr 23, 2024 Board Change • Dec 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yuanyang Li was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.