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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yuedong Li was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Mar 30
Chengdu Zhimingda Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 공시 • Mar 25
Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, Apr 15, 2026 Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Location: Building 1, Zone T, No. 108, Jingye Road, Chengdu, Sichuan China 공시 • Dec 26
Chengdu Zhimingda Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 공시 • Sep 30
Chengdu Zhimingda Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 공시 • Jun 30
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2025 Results on Jul 25, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2025 results on Jul 25, 2025 공시 • Apr 25
Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, May 20, 2025 Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Location: 12F, Building 1, Zone T, No. 108, Jingye Road, Chengdu, Sichuan China 공시 • Mar 28
Chengdu Zhimingda Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 공시 • Dec 27
Chengdu Zhimingda Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.10 loss per share (vs CN¥0.19 profit in 3Q 2023) Third quarter 2024 results: CN¥0.10 loss per share (down from CN¥0.19 profit in 3Q 2023). Revenue: CN¥49.2m (down 47% from 3Q 2023). Net loss: CN¥10.9m (down 151% from profit in 3Q 2023). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China. New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risk Large one-off items impacting financial results. 공시 • Sep 30
Chengdu Zhimingda Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥20.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Tech industry in China. Total loss to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥19.13, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Tech industry in China. Total loss to shareholders of 47% over the past year. 공시 • Jun 28
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2024 Results on Jul 25, 2024 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2024 results on Jul 25, 2024 공시 • Jun 20
Feng Jian completed the acquisition of 5.3161% stake in Chengdu Zhimingda Electronics Co., Ltd. (SHSE:688636) from Du Kecheng. Feng Jian signed the Stock Transfer Agreement to acquire 5.3161% stake in Chengdu Zhimingda Electronics Co., Ltd. (SHSE:688636) from Du Kecheng for CNY 110 million on April 19, 2024. As part of the transaction, Feng Jian ill acquire 5.96 million shares in Chengdu Zhimingda Electronics Co., Ltd. Feng Jian completed the acquisition of 5.3161% stake in Chengdu Zhimingda Electronics Co., Ltd. (SHSE:688636) from Du Kecheng on June 19, 2024. Reported Earnings • Apr 17
First quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.02 loss in 1Q 2023) First quarter 2024 results: CN¥0.15 loss per share (further deteriorated from CN¥0.02 loss in 1Q 2023). Revenue: CN¥49.0m (down 28% from 1Q 2023). Net loss: CN¥11.1m (loss widened CN¥9.81m from 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥40.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Tech industry in China. Total loss to shareholders of 39% over the past year. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥1.28 (vs CN¥1.01 in FY 2022) Full year 2023 results: EPS: CN¥1.28 (up from CN¥1.01 in FY 2022). Revenue: CN¥663.0m (up 23% from FY 2022). Net income: CN¥96.3m (up 28% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥41.30, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Tech industry in China. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥54.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Tech industry in China. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥56.01, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Tech industry in China. New Risk • Oct 31
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 20% 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 (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.067 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.067 loss in 3Q 2022). Revenue: CN¥93.5m (up 25% from 3Q 2022). Net income: CN¥21.4m (up CN¥26.4m from 3Q 2022). Profit margin: 23% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in China. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥55.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Tech industry in China. 공시 • Jun 28
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥1.50 (vs CN¥2.43 in FY 2021) Full year 2022 results: EPS: CN¥1.50 (down from CN¥2.43 in FY 2021). Revenue: CN¥540.9m (up 20% from FY 2021). Net income: CN¥75.4m (down 32% from FY 2021). Profit margin: 14% (down from 25% in FY 2021). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Board Change • Mar 15
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 Xingwang Huang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
