View ValuationNET263 향후 성장Future 기준 점검 3/6NET263은 연간 수입과 매출이 각각 130.3%와 6.2% 증가할 것으로 예상되고 EPS는 연간 132.6%만큼 증가할 것으로 예상됩니다.핵심 정보130.3%이익 성장률132.61%EPS 성장률Telecom 이익 성장5.1%매출 성장률6.2%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트02 Nov 2025최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공지 • Apr 17NET263 Ltd., Annual General Meeting, May 11, 2026NET263 Ltd., Annual General Meeting, May 11, 2026, at 15:30 China Standard Time. Location: 18F, No. 14, Dongtucheng Road, Heping Lane, Chaoyang District, Beijing China공지 • Mar 31NET263 Ltd. to Report Q1, 2026 Results on Apr 30, 2026NET263 Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026공지 • Dec 31NET263 Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026NET263 Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026공지 • Sep 30NET263 Ltd. to Report Q3, 2025 Results on Oct 31, 2025NET263 Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025공지 • Jul 02NET263 Ltd. to Report First Half, 2025 Results on Aug 30, 2025NET263 Ltd. announced that they will report first half, 2025 results on Aug 30, 2025공지 • Apr 24NET263 Ltd. Approves Cash Dividend for 2024NET263 Ltd. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.10000000 per 10 shares (tax included) for 2024.공지 • Apr 02NET263 Ltd. Proposes Final Cash Dividend for the Year 2024NET263 Ltd. proposed final cash dividend of CNY 0.10000000 per ten shares (tax included) for the year 2024.공지 • Mar 31+ 1 more updateNET263 Ltd. to Report Q1, 2025 Results on Apr 30, 2025NET263 Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025공지 • Dec 31NET263 Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025NET263 Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 3Q 2023). Revenue: CN¥201.7m (down 13% from 3Q 2023). Net income: CN¥13.2m (down 49% from 3Q 2023). Profit margin: 6.5% (down from 11% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.공지 • Sep 30NET263 Ltd. to Report Q3, 2024 Results on Oct 31, 2024NET263 Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024Buy Or Sell Opportunity • Sep 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to CN¥3.72. The fair value is estimated to be CN¥3.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.공지 • Sep 24NET263 Ltd. Approves the Election of Jin Yudan as Independent DirectorNET263 Ltd. held its 3rd Extraordinary General Meeting of 2024 on 20 September 2024, during which the following proposal(s) was/were approved the election of Jin Yudan as independent director.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.072 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.072 in 2Q 2023). Revenue: CN¥210.5m (down 3.5% from 2Q 2023). Net income: CN¥24.0m (down 48% from 2Q 2023). Profit margin: 11% (down from 21% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.Board Change • Jul 12Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rui Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공지 • Jun 29NET263 Ltd. to Report First Half, 2024 Results on Aug 31, 2024NET263 Ltd. announced that they will report first half, 2024 results on Aug 31, 2024New Risk • Jun 05New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.01 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.01 in 1Q 2023). Revenue: CN¥258.0m (up 23% from 1Q 2023). Net income: CN¥27.3m (up 38% from 1Q 2023). Profit margin: 11% (up from 9.5% in 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Telecom industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 01Full year 2023 earnings released: CN¥0.19 loss per share (vs CN¥0.02 profit in FY 2022)Full year 2023 results: CN¥0.19 loss per share (down from CN¥0.02 profit in FY 2022). Revenue: CN¥889.9m (flat on FY 2022). Net loss: CN¥255.4m (down CN¥287.4m from profit in FY 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Telecom industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.공지 • Mar 30+ 1 more updateNET263 Ltd., Annual General Meeting, Apr 22, 2024NET263 Ltd., Annual General Meeting, Apr 22, 2024, at 15:30 China Standard Time. Location: 18F, No. 14, Dongtucheng Road, Heping Lane, Chaoyang District, Beijing ChinaNew Risk • Feb 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 440% Cash payout ratio: 245% Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥3.27, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Telecom industry in Asia. Total loss to shareholders of 37% over the past three years.공지 • Dec 30NET263 Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024NET263 Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.02 (in line with 3Q 2022). Revenue: CN¥232.3m (up 1.7% from 3Q 2022). Net income: CN¥25.7m (down 5.6% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.001 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.072 (up from CN¥0.001 in 2Q 2022). Revenue: CN¥218.1m (flat on 2Q 2022). Net income: CN¥45.7m (up CN¥43.8m from 2Q 2022). Profit margin: 21% (up from 0.9% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.03 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.03 in 1Q 2022). Revenue: CN¥209.4m (down 5.2% from 1Q 2022). Net income: CN¥19.8m (down 45% from 1Q 2022). Profit margin: 9.5% (down from 16% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Employee Supervisor Li Gu is the most experienced director on the board, commencing their role in 2015. Independent Director Rui Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.02 (in line with 3Q 2021). Revenue: CN¥228.3m (up 5.5% from 3Q 2021). Net income: CN¥27.2m (down 23% from 3Q 2021). Profit margin: 12% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.073 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.001 (down from CN¥0.073 in 2Q 2021). Revenue: CN¥217.8m (down 5.7% from 2Q 2021). Net income: CN¥1.87m (down 98% from 2Q 2021). Profit margin: 0.9% (down from 39% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥4.61, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 18x in the Telecom industry in Asia. Total loss to shareholders of 27% over the past three years.Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.03 loss in 1Q 2021)First quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.03 loss in 1Q 2021). Revenue: CN¥220.8m (down 1.1% from 1Q 2021). Net income: CN¥35.9m (up CN¥75.0m from 1Q 2021). Profit margin: 16% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang 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.Reported Earnings • Apr 02Full year 2021 earnings released: EPS: CN¥0.02 (vs CN¥0.26 in FY 2020)Full year 2021 results: EPS: CN¥0.02 (down from CN¥0.26 in FY 2020). Revenue: CN¥891.4m (down 8.1% from FY 2020). Net income: CN¥33.4m (down 90% from FY 2020). Profit margin: 3.7% (down from 36% in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Board Change • Nov 01High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang 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.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.20 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥216.5m (down 12% from 3Q 2020). Net income: CN¥35.3m (down 87% from 3Q 2020). Profit margin: 16% (down from 107% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Board Change • Oct 02High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang 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.Board Change • Sep 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Independent Director Xuhong Zhou was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.066 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥231.1m (down 4.3% from 2Q 2020). Net income: CN¥89.7m (down 6.9% from 2Q 2020). Profit margin: 39% (down from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 19Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.13 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¥970.0m (down 4.3% from FY 2019). Net income: CN¥348.3m (up 101% from FY 2019). Profit margin: 36% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Dec 16New 90-day low: CN¥5.98The company is down 12% from its price of CN¥6.77 on 18 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 4.0% over the same period.Is New 90 Day High Low • Dec 01New 90-day low: CN¥6.55The company is down 9.0% from its price of CN¥7.20 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 8.0% over the same period.Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥478.6m, up 338% from the prior year. Total revenue was CN¥977.6m over the last 12 months, down 4.6% from the prior year.Is New 90 Day High Low • Sep 25New 90-day low: CN¥6.57The company is down 8.0% from its price of CN¥7.15 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 7.0% over the same period.이익 및 매출 성장 예측XSEC:002467 - 애널리스트 향후 추정치 및 과거 재무 데이터 (CNY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2027910135N/A109112/31/2026846112N/A13013/31/2026817-313-31490N/A12/31/2025797-284-296103N/A9/30/20257888027139N/A6/30/20257845356152N/A3/31/20257985789162N/A12/31/20248686993161N/A9/30/2024900-282120149N/A6/30/2024931-270134164N/A3/31/2024939-248125162N/A12/31/2023890-255108140N/A9/30/20238885891137N/A6/30/20238846087139N/A3/31/20238841686137N/A1/1/20238953257112N/A9/30/20228871399146N/A6/30/2022876212780N/A3/31/20228891084095N/A1/1/20228913372128N/A9/30/20219063791153N/A6/30/2021936267150201N/A3/31/2021946274175224N/A12/31/2020970348164221N/A9/30/2020978480116197N/A6/30/2020992242103182N/A3/31/202099817357130N/A12/31/20191,014175N/A146N/A9/30/20191,025108N/A120N/A6/30/20191,017110N/A167N/A3/31/2019991109N/A162N/A12/31/201892986N/A127N/A9/30/201888437N/A134N/A6/30/201884221N/A93N/A3/31/201883015N/A127N/A12/31/201783631N/A141N/A9/30/2017847-410N/A130N/A6/30/2017838-414N/A119N/A3/31/2017839-435N/A113N/A12/31/2016836-378N/A100N/A9/30/201679271N/A104N/A6/30/201677685N/A116N/A3/31/2016744112N/A111N/A12/31/201571659N/A129N/A9/30/2015765115N/A148N/A6/30/2015747137N/A171N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 002467 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(2.4%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 002467 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 002467 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 002467 의 수익(연간 6.2%)이 CN 시장(연간 15.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 002467 의 수익(연간 6.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 002467의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 05:44종가2026/05/07 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스NET263 Ltd.는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Liangbi ZhaoChina Galaxy Securities Co., Ltd.Jian ChenCitic Securities Co., Ltd.Jiaji SongEverbright Securities Co. Ltd.2명의 분석가 더 보기
공지 • Apr 17NET263 Ltd., Annual General Meeting, May 11, 2026NET263 Ltd., Annual General Meeting, May 11, 2026, at 15:30 China Standard Time. Location: 18F, No. 14, Dongtucheng Road, Heping Lane, Chaoyang District, Beijing China
공지 • Mar 31NET263 Ltd. to Report Q1, 2026 Results on Apr 30, 2026NET263 Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026
공지 • Dec 31NET263 Ltd. to Report Fiscal Year 2025 Results on Apr 17, 2026NET263 Ltd. announced that they will report fiscal year 2025 results on Apr 17, 2026
공지 • Sep 30NET263 Ltd. to Report Q3, 2025 Results on Oct 31, 2025NET263 Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
공지 • Jul 02NET263 Ltd. to Report First Half, 2025 Results on Aug 30, 2025NET263 Ltd. announced that they will report first half, 2025 results on Aug 30, 2025
공지 • Apr 24NET263 Ltd. Approves Cash Dividend for 2024NET263 Ltd. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 0.10000000 per 10 shares (tax included) for 2024.
공지 • Apr 02NET263 Ltd. Proposes Final Cash Dividend for the Year 2024NET263 Ltd. proposed final cash dividend of CNY 0.10000000 per ten shares (tax included) for the year 2024.
공지 • Mar 31+ 1 more updateNET263 Ltd. to Report Q1, 2025 Results on Apr 30, 2025NET263 Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025
공지 • Dec 31NET263 Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025NET263 Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025
Reported Earnings • Oct 31Third quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 3Q 2023). Revenue: CN¥201.7m (down 13% from 3Q 2023). Net income: CN¥13.2m (down 49% from 3Q 2023). Profit margin: 6.5% (down from 11% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
공지 • Sep 30NET263 Ltd. to Report Q3, 2024 Results on Oct 31, 2024NET263 Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024
Buy Or Sell Opportunity • Sep 28Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to CN¥3.72. The fair value is estimated to be CN¥3.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
공지 • Sep 24NET263 Ltd. Approves the Election of Jin Yudan as Independent DirectorNET263 Ltd. held its 3rd Extraordinary General Meeting of 2024 on 20 September 2024, during which the following proposal(s) was/were approved the election of Jin Yudan as independent director.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.072 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.02 (down from CN¥0.072 in 2Q 2023). Revenue: CN¥210.5m (down 3.5% from 2Q 2023). Net income: CN¥24.0m (down 48% from 2Q 2023). Profit margin: 11% (down from 21% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance.
Board Change • Jul 12Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Rui Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공지 • Jun 29NET263 Ltd. to Report First Half, 2024 Results on Aug 31, 2024NET263 Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
New Risk • Jun 05New major risk - Revenue and earnings growthEarnings have declined by 46% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.01 in 1Q 2023)First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.01 in 1Q 2023). Revenue: CN¥258.0m (up 23% from 1Q 2023). Net income: CN¥27.3m (up 38% from 1Q 2023). Profit margin: 11% (up from 9.5% in 1Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Telecom industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 01Full year 2023 earnings released: CN¥0.19 loss per share (vs CN¥0.02 profit in FY 2022)Full year 2023 results: CN¥0.19 loss per share (down from CN¥0.02 profit in FY 2022). Revenue: CN¥889.9m (flat on FY 2022). Net loss: CN¥255.4m (down CN¥287.4m from profit in FY 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Telecom industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance.
공지 • Mar 30+ 1 more updateNET263 Ltd., Annual General Meeting, Apr 22, 2024NET263 Ltd., Annual General Meeting, Apr 22, 2024, at 15:30 China Standard Time. Location: 18F, No. 14, Dongtucheng Road, Heping Lane, Chaoyang District, Beijing China
New Risk • Feb 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% 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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 440% Cash payout ratio: 245% Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to CN¥3.27, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Telecom industry in Asia. Total loss to shareholders of 37% over the past three years.
공지 • Dec 30NET263 Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024NET263 Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024
Reported Earnings • Nov 01Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.02 (in line with 3Q 2022). Revenue: CN¥232.3m (up 1.7% from 3Q 2022). Net income: CN¥25.7m (down 5.6% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.001 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.072 (up from CN¥0.001 in 2Q 2022). Revenue: CN¥218.1m (flat on 2Q 2022). Net income: CN¥45.7m (up CN¥43.8m from 2Q 2022). Profit margin: 21% (up from 0.9% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 29First quarter 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.03 in 1Q 2022)First quarter 2023 results: EPS: CN¥0.01 (down from CN¥0.03 in 1Q 2022). Revenue: CN¥209.4m (down 5.2% from 1Q 2022). Net income: CN¥19.8m (down 45% from 1Q 2022). Profit margin: 9.5% (down from 16% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Employee Supervisor Li Gu is the most experienced director on the board, commencing their role in 2015. Independent Director Rui Li was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.02 (in line with 3Q 2021). Revenue: CN¥228.3m (up 5.5% from 3Q 2021). Net income: CN¥27.2m (down 23% from 3Q 2021). Profit margin: 12% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.001 (vs CN¥0.073 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.001 (down from CN¥0.073 in 2Q 2021). Revenue: CN¥217.8m (down 5.7% from 2Q 2021). Net income: CN¥1.87m (down 98% from 2Q 2021). Profit margin: 0.9% (down from 39% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment improved over the past weekAfter last week's 19% share price gain to CN¥4.61, the stock trades at a trailing P/E ratio of 58.2x. Average trailing P/E is 18x in the Telecom industry in Asia. Total loss to shareholders of 27% over the past three years.
Reported Earnings • Apr 30First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.03 loss in 1Q 2021)First quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.03 loss in 1Q 2021). Revenue: CN¥220.8m (down 1.1% from 1Q 2021). Net income: CN¥35.9m (up CN¥75.0m from 1Q 2021). Profit margin: 16% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang 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.
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: CN¥0.02 (vs CN¥0.26 in FY 2020)Full year 2021 results: EPS: CN¥0.02 (down from CN¥0.26 in FY 2020). Revenue: CN¥891.4m (down 8.1% from FY 2020). Net income: CN¥33.4m (down 90% from FY 2020). Profit margin: 3.7% (down from 36% in FY 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Board Change • Nov 01High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang 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.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.20 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥216.5m (down 12% from 3Q 2020). Net income: CN¥35.3m (down 87% from 3Q 2020). Profit margin: 16% (down from 107% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Board Change • Oct 02High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Supervisor Xue Si Wang 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.
Board Change • Sep 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. Independent Director Xuhong Zhou was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 22Second quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.066 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥231.1m (down 4.3% from 2Q 2020). Net income: CN¥89.7m (down 6.9% from 2Q 2020). Profit margin: 39% (down from 40% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 19Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.13 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¥970.0m (down 4.3% from FY 2019). Net income: CN¥348.3m (up 101% from FY 2019). Profit margin: 36% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Dec 16New 90-day low: CN¥5.98The company is down 12% from its price of CN¥6.77 on 18 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Dec 01New 90-day low: CN¥6.55The company is down 9.0% from its price of CN¥7.20 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 8.0% over the same period.
Reported Earnings • Nov 01Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥478.6m, up 338% from the prior year. Total revenue was CN¥977.6m over the last 12 months, down 4.6% from the prior year.
Is New 90 Day High Low • Sep 25New 90-day low: CN¥6.57The company is down 8.0% from its price of CN¥7.15 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 7.0% over the same period.