Aankondiging • Apr 28
ENC Digital Technology Co., Ltd, Annual General Meeting, May 27, 2026 ENC Digital Technology Co., Ltd, Annual General Meeting, May 27, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Langfang, Hebei China New Risk • Apr 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% 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 45% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • Apr 11
New major risk - Revenue and earnings growth Earnings have declined by 45% 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 • Apr 11
Full year 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.043 in FY 2024) Full year 2025 results: EPS: CN¥0.08 (up from CN¥0.043 in FY 2024). Revenue: CN¥680.8m (up 2.3% from FY 2024). Net income: CN¥36.9m (up 78% from FY 2024). Profit margin: 5.4% (up from 3.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Mar 30
ENC Digital Technology Co., Ltd to Report Q1, 2026 Results on Apr 28, 2026 ENC Digital Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Dec 26
ENC Digital Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 10, 2026 ENC Digital Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 10, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.037 (vs CN¥0.005 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.037 (up from CN¥0.005 loss in 3Q 2024). Revenue: CN¥142.3m (up 25% from 3Q 2024). Net income: CN¥20.0m (up CN¥22.0m from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 10
Now 22% undervalued Over the last 90 days, the stock has risen 29% to CN¥8.96. The fair value is estimated to be CN¥11.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Sep 30
ENC Digital Technology Co., Ltd to Report Q3, 2025 Results on Oct 29, 2025 ENC Digital Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Buy Or Sell Opportunity • Sep 18
Now 22% undervalued Over the last 90 days, the stock has risen 34% to CN¥9.01. The fair value is estimated to be CN¥11.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Sep 04
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. This is currently the only risk that has been identified for the company. Aankondiging • Jun 30
ENC Digital Technology Co., Ltd to Report First Half, 2025 Results on Aug 27, 2025 ENC Digital Technology Co., Ltd announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Aankondiging • Apr 29
ENC Digital Technology Co., Ltd, Annual General Meeting, May 29, 2025 ENC Digital Technology Co., Ltd, Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Aankondiging • Mar 28
ENC Digital Technology Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 ENC Digital Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Dec 27
ENC Digital Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 ENC Digital Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.005 loss per share (vs CN¥0.009 loss in 3Q 2023) Third quarter 2024 results: CN¥0.005 loss per share (improved from CN¥0.009 loss in 3Q 2023). Revenue: CN¥114.2m (down 44% from 3Q 2023). Net loss: CN¥1.97m (loss narrowed 74% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 111 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 30
ENC Digital Technology Co., Ltd to Report Q3, 2024 Results on Oct 30, 2024 ENC Digital Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.025 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.025 in 2Q 2023). Revenue: CN¥132.9m (down 55% from 2Q 2023). Net income: CN¥13.6m (up 12% from 2Q 2023). Profit margin: 10% (up from 4.2% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 17
ENC Digital Technology Co., Ltd (SHSE:603869) announces an Equity Buyback for 17,777,777 shares, representing 3.52% for CNY 120 million. ENC Digital Technology Co., Ltd (SHSE:603869) announces a share repurchase program. Under the program, the company will repurchase up to 17,777,777 shares, representing 3.52% of it's share capital for CNY 120 million. The shares will be purchased at a price not exceeding CNY 6.75 per share. The purpose of the program is to safeguard the company's value and shareholders' rights and interests. The repurchased shares will be used for employee stock ownership plans or equity incentive plan, to convert company convertible bonds and to reduce registered capital by cancelling repurchased shares. The program will be funded from company's own funds. The program will be valid for 3 months. Aankondiging • Jun 29
ENC Digital Technology Co., Ltd to Report First Half, 2024 Results on Aug 23, 2024 ENC Digital Technology Co., Ltd announced that they will report first half, 2024 results on Aug 23, 2024 New Risk • May 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Major Risk Earnings have declined by 52% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Aankondiging • May 01
ENC Digital Technology Co., Ltd, Annual General Meeting, May 30, 2024 ENC Digital Technology Co., Ltd, Annual General Meeting, May 30, 2024, at 10:30 China Standard Time. Location: No. 2011, Jinhai Road, Pudong New Area, Shanghai China Aankondiging • Mar 30
ENC Digital Technology Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 ENC Digital Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 05
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 6.7% 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 Earnings have declined by 52% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Aankondiging • Dec 29
ENC Digital Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 ENC Digital Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 Aankondiging • Oct 28
ENC Digital Technology Co., Ltd (SHSE:603869) announces an Equity Buyback for CNY 100 million worth of its shares. ENC Digital Technology Co., Ltd (SHSE:603869) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 14.60 per share. The program will be funded from company's own funds. The repurchased shares will be used for the implementation of equity incentives plan. The program will be valid for a period of 12 months. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.025 (vs CN¥0.015 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.025 (up from CN¥0.015 in 2Q 2022). Revenue: CN¥293.2m (down 6.3% from 2Q 2022). Net income: CN¥12.2m (up 73% from 2Q 2022). Profit margin: 4.2% (up from 2.2% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Jun 28
ENC Digital Technology Co., Ltd to Report First Half, 2023 Results on Aug 19, 2023 ENC Digital Technology Co., Ltd announced that they will report first half, 2023 results on Aug 19, 2023 Reported Earnings • May 02
First quarter 2023 earnings released: EPS: CN¥0.015 (vs CN¥0.004 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.015 (up from CN¥0.004 in 1Q 2022). Revenue: CN¥185.5m (up 38% from 1Q 2022). Net income: CN¥7.71m (up 325% from 1Q 2022). Profit margin: 4.2% (up from 1.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 6 non-independent directors. Chairman Yadong Zhang was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.056 (vs CN¥0.05 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.056 (up from CN¥0.05 loss in 3Q 2021). Revenue: CN¥306.6m (up 228% from 3Q 2021). Net income: CN¥24.2m (up CN¥48.4m from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.015 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.015 (down from CN¥0.18 in 2Q 2021). Revenue: CN¥313.0m (up 67% from 2Q 2021). Net income: CN¥7.03m (down 90% from 2Q 2021). Profit margin: 2.2% (down from 38% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Aankondiging • May 05
ENC Digital Technology Co., Ltd (SHSE:603869) announces an Equity Buyback for CNY 100 million worth of its shares. ENC Digital Technology Co., Ltd (SHSE:603869) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The program will be valid for a period of 12 months. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: CN¥0.004 (down from CN¥0.02 in 1Q 2021). Revenue: CN¥134.1m (down 16% from 1Q 2021). Net income: CN¥1.82m (down 85% from 1Q 2021). Profit margin: 1.4% (down from 7.4% in 1Q 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 21
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.04 (up from CN¥0.037 loss in FY 2020). Revenue: CN¥936.6m (up 17% from FY 2020). Net income: CN¥22.2m (up CN¥42.9m from FY 2020). Profit margin: 2.4% (up from net loss in FY 2020). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.08, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 50x in the IT industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.05 loss per share (vs CN¥0.04 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥93.5m (down 62% from 3Q 2020). Net loss: CN¥24.2m (loss widened 30% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.041 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥187.2m (down 34% from 2Q 2020). Net income: CN¥71.2m (up CN¥92.1m from 2Q 2020). Profit margin: 38% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥10.49, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 44x in the IT industry in China. Total loss to shareholders of 14% over the past three years. Reported Earnings • Apr 11
Full year 2020 earnings released: EPS CN¥0.03 (vs CN¥0.43 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.17b (down 64% from FY 2019). Net income: CN¥16.9m (down 92% from FY 2019). Profit margin: 1.4% (down from 6.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥11.69 The company is up 13% from a price of CN¥10.37 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Exceeded the IT industry, which is down 15% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥9.41 The company is down 29% from its price of CN¥13.20 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 22% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥9.89 The company is down 25% from its price of CN¥13.26 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 15% over the same period. Is New 90 Day High Low • Nov 12
New 90-day low: CN¥11.04 The company is down 4.0% from its price of CN¥11.54 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 8.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: CN¥0.038 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: CN¥248.6m (down 62% from 3Q 2019). Net loss: CN¥18.6m (down 148% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 45% 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. Aankondiging • Oct 30
ENC Digital Technology Co., Ltd to Report Q3, 2020 Results on Oct 31, 2020 ENC Digital Technology Co., Ltd announced that they will report Q3, 2020 results on Oct 31, 2020 Aankondiging • Jul 09
ENC Digital Technology Co., Ltd to Report First Half, 2020 Results on Aug 22, 2020 ENC Digital Technology Co., Ltd announced that they will report first half, 2020 results on Aug 22, 2020