Reported Earnings • Apr 25
First quarter 2026 earnings released: CN¥0.009 loss per share (vs CN¥0.005 profit in 1Q 2025) First quarter 2026 results: CN¥0.009 loss per share (down from CN¥0.005 profit in 1Q 2025). Revenue: CN¥18.4m (down 67% from 1Q 2025). Net loss: CN¥3.98m (down 305% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 25
AVIT Ltd., Annual General Meeting, May 15, 2026 AVIT Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Aankondiging • Mar 31
AVIT Ltd. to Report Q1, 2026 Results on Apr 25, 2026 AVIT Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Feb 24
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 10% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥26m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). New Risk • Jan 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 7.5% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥26m free cash flow). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Aankondiging • Dec 31
AVIT Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 AVIT Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.024 loss per share (vs CN¥0.017 loss in 3Q 2024) Third quarter 2025 results: CN¥0.024 loss per share (further deteriorated from CN¥0.017 loss in 3Q 2024). Revenue: CN¥12.0m (up 7.7% from 3Q 2024). Net loss: CN¥10.3m (loss widened 37% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Sep 30
AVIT Ltd. to Report Q3, 2025 Results on Oct 30, 2025 AVIT Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Aankondiging • Jul 02
AVIT Ltd. to Report First Half, 2025 Results on Aug 27, 2025 AVIT Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Aankondiging • Apr 24
AVIT Ltd. announced that it expects to receive CNY 139.908 million in funding AVIT Ltd. announced a private placement and signed the subscription agreement with individual investor Chen Kunjiang to issue 35,600,000 A shares at an issue price of CNY 3.93 per share for gross proceeds of CNY 139,908,000 on April 22, 2025. The transaction has been approved by board of directors and shareholders’ meeting, obtained approval from Shenzhen Stock Exchange and consent for registration from China Securities Regulatory Commission and restricted to a hold period of 18 months. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.005 (vs CN¥0.028 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.005 (up from CN¥0.028 loss in 1Q 2024). Revenue: CN¥56.1m (up 207% from 1Q 2024). Net income: CN¥1.94m (up CN¥14.2m from 1Q 2024). Profit margin: 3.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 23
AVIT Ltd., Annual General Meeting, May 13, 2025 AVIT Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Aankondiging • Mar 31
AVIT Ltd. to Report Q1, 2025 Results on Apr 23, 2025 AVIT Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Aankondiging • Dec 31
AVIT Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 AVIT Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Aankondiging • Sep 30
AVIT Ltd. to Report Q3, 2024 Results on Oct 24, 2024 AVIT Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Aankondiging • Jun 29
AVIT Ltd. to Report First Half, 2024 Results on Aug 30, 2024 AVIT Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 06
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 8.3% 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 3.3% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Aankondiging • Apr 26
AVIT Ltd., Annual General Meeting, May 16, 2024 AVIT Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 25
First quarter 2024 earnings released: CN¥0.028 loss per share (vs CN¥0.028 loss in 1Q 2023) First quarter 2024 results: CN¥0.028 loss per share (in line with 1Q 2023). Revenue: CN¥18.3m (down 49% from 1Q 2023). Net loss: CN¥12.2m (loss widened 1.7% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Aankondiging • Mar 30
AVIT Ltd. to Report Q1, 2024 Results on Apr 25, 2024 AVIT Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Aankondiging • Dec 30
AVIT Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 AVIT Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 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 8.1% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥80m free cash flow). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 14% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (4.3% increase in shares outstanding). Reported Earnings • Oct 26
Third quarter 2023 earnings released: CN¥0.043 loss per share (vs CN¥0.015 loss in 3Q 2022) Third quarter 2023 results: CN¥0.043 loss per share (further deteriorated from CN¥0.015 loss in 3Q 2022). Revenue: CN¥7.16m (down 90% from 3Q 2022). Net loss: CN¥18.7m (loss widened 202% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.037 loss per share (vs CN¥0.029 loss in 2Q 2022) Second quarter 2023 results: CN¥0.037 loss per share (further deteriorated from CN¥0.029 loss in 2Q 2022). Revenue: CN¥17.7m (down 50% from 2Q 2022). Net loss: CN¥15.8m (loss widened 32% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Aankondiging • May 21
AVIT Ltd. Announces Board Appointments AVIT Ltd. at the AGM on May 18, 2023 approved election of Chen Xushen as non-independent director; Wang Youmin as independent director; Li Xiaolong as non-employee supervisors. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.028 loss per share (vs CN¥0.03 loss in 1Q 2022) First quarter 2023 results: CN¥0.028 loss per share (improved from CN¥0.03 loss in 1Q 2022). Revenue: CN¥35.7m (up 68% from 1Q 2022). Net loss: CN¥12.0m (loss narrowed 3.0% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 14% 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 • Oct 26
Third quarter 2022 earnings released: CN¥0.015 loss per share (vs CN¥0.032 loss in 3Q 2021) Third quarter 2022 results: CN¥0.015 loss per share (improved from CN¥0.032 loss in 3Q 2021). Revenue: CN¥69.6m (up 141% from 3Q 2021). Net loss: CN¥6.20m (loss narrowed 53% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.029 loss per share (vs CN¥0.067 loss in 2Q 2021) Second quarter 2022 results: CN¥0.029 loss per share (up from CN¥0.067 loss in 2Q 2021). Revenue: CN¥35.3m (up 120% from 2Q 2021). Net loss: CN¥11.9m (loss narrowed 57% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.03 loss per share (vs CN¥0.009 profit in 1Q 2021) First quarter 2022 results: CN¥0.03 loss per share (down from CN¥0.009 profit in 1Q 2021). Revenue: CN¥21.2m (down 51% from 1Q 2021). Net loss: CN¥12.4m (down 430% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Apr 27
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. 4 experienced directors. No highly experienced directors. Non-Independent Director Kejia Xiong is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Apr 16
AVIT Ltd., Annual General Meeting, May 06, 2022 AVIT Ltd., Annual General Meeting, May 06, 2022, at 14:30 China Standard Time. Agenda: To consider the 2021 work report of the board of directors and listening to 2021 work report of independent directors; to consider the 2021 work report of the supervisory committee; to consider the 2021 annual report and its summary; to consider the 2021 annual accounts; to consider the 2021 profit distribution plan; to consider the remuneration for directors, supervisors and senior management; to consider the 2022 application for comprehensive credit line by the company and its subsidiaries; and to consider the connected transaction regarding provision of guarantee for the company's application for comprehensive credit line by the controlling shareholders and de facto controller and their spouses and children. Reported Earnings • Apr 16
Full year 2021 earnings released: CN¥0.26 loss per share (vs CN¥0.12 loss in FY 2020) Full year 2021 results: CN¥0.26 loss per share (down from CN¥0.12 loss in FY 2020). Revenue: CN¥136.3m (up 7.2% from FY 2020). Net loss: CN¥105.4m (loss widened 116% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
Third quarter 2021 earnings released: CN¥0.032 loss per share (vs CN¥0.007 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¥28.9m (down 25% from 3Q 2020). Net loss: CN¥13.1m (loss widened 348% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Aankondiging • Aug 12
AVIT Ltd. announced that it expects to receive CNY 142.3 million in funding AVIT Ltd. announced that it has entered into share subscription agreement of 61,965,000 shares for gross proceeds of not more than CNY 142,300,000 on August 11, 2021. The issue Price will not be less than 80% of the average price in the 20 trading days before the pricing reference date. The company will issue share not more than 15% of total share capital (413,100,000 shares). The transaction will include participation from not more than 35 investors, including Chen Kunjiang, who will subscribe with CNY 30,000,000-75,000,000. As of this announcement date, Chen Kunjiang holds 74,610,668 shares, 18.06% stake. The shares Chen Kunjiang subscribes to cannot be transferred within 18 months from the issuance closing date. The shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date. The transaction has been approved in the 11th Meeting of the company’s 5th directorate, and is subject to the approvals of the company’s shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Reported Earnings • Jul 27
Second quarter 2021 earnings released: CN¥0.067 loss per share (vs CN¥0.01 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥16.0m (down 40% from 2Q 2020). Net loss: CN¥27.7m (loss widened CN¥23.6m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 12
Qiu Jiafen acquired 5.01% stake in AVIT Ltd. (SZSE:300264) from Chen Kunjiang for CNY 87.1 million. Qiu Jiafen signed a Share Transfer Agreement to acquire 5.01% stake in AVIT Ltd. (SZSE:300264) from Chen Kunjiang for CNY 87.1 million on June 10, 2021. As per terms of transaction, CNY 15 million will be paid within 2 days after the agreement is signed; CNY 25 million shall be paid within 2 days after obtaining the Shenzhen Stock Exchange's share agreement transfer confirmation opinion or no objection and the remaining transfer price shall be paid within 60 days after the completion of the transfer and registration of the target shares. Post completion, Chen Kunjiang will hold 18.06% stake.
Qiu Jiafen completed the acquisition of 5.01% stake in AVIT Ltd. (SZSE:300264) from Chen Kunjiang on June 10, 2021. Reported Earnings • Apr 11
First quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.019 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥42.8m (up 56% from 1Q 2020). Net income: CN¥3.76m (up CN¥11.5m from 1Q 2020). Profit margin: 8.8% (up from net loss in 1Q 2020). 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 22% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 24
AVIT Ltd. to Report Fiscal Year 2020 Results on Apr 10, 2021 AVIT Ltd. announced that they will report fiscal year 2020 results on Apr 10, 2021 Is New 90 Day High Low • Feb 08
New 90-day low: CN¥2.90 The company is down 48% from its price of CN¥5.63 on 10 November 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 22% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥3.70 The company is down 26% from its price of CN¥4.97 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 3.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥4.32 The company is down 20% from its price of CN¥5.43 on 16 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥4.83 The company is down 15% from its price of CN¥5.67 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 6.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥142.4m, with losses widening by CN¥122.7m from the prior year. Total revenue was CN¥151.3m over the last 12 months, down 36% from the prior year.