Board Change • 13h
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Independent Director Zaijun Wang is the most experienced director on the board, commencing their role in 2021. 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 20
CETC Cyberspace Security Technology Co., Ltd., Annual General Meeting, Jun 15, 2026 CETC Cyberspace Security Technology Co., Ltd., Annual General Meeting, Jun 15, 2026, at 14:50 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Aankondiging • Mar 31
CETC Cyberspace Security Technology Co., Ltd. to Report Q1, 2026 Results on Apr 18, 2026 CETC Cyberspace Security Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Aankondiging • Dec 31
CETC Cyberspace Security Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 CETC Cyberspace Security Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Aankondiging • Jul 02
CETC Cyberspace Security Technology Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 CETC Cyberspace Security Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Aankondiging • May 28
CETC Cyberspace Security Technology Co., Ltd. Approves Cash Dividend for 2024 CETC Cyberspace Security Technology Co., Ltd. at its AGM held on May 26, 2025, approved 2024 profit distribution plan. Cash dividend/10 shares (tax included): CNY 0.60000000. Aankondiging • Apr 29
CETC Cyberspace Security Technology Co., Ltd., Annual General Meeting, May 26, 2025 CETC Cyberspace Security Technology Co., Ltd., Annual General Meeting, May 26, 2025, at 14:50 China Standard Time. Aankondiging • Mar 31
CETC Cyberspace Security Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 CETC Cyberspace Security Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Aankondiging • Dec 31
CETC Cyberspace Security Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 CETC Cyberspace Security Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.072 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.072 in 3Q 2023). Revenue: CN¥351.9m (down 39% from 3Q 2023). Net income: CN¥2.16m (down 96% from 3Q 2023). Profit margin: 0.6% (down from 11% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 30
CETC Cyberspace Security Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 CETC Cyberspace Security Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Board Change • Sep 04
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. 3 experienced directors. 2 highly experienced directors. Member of Supervisory Board Hong Cheng is the most experienced director on the board, commencing their role in 2011. 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 • Aug 31
Second quarter 2024 earnings released: CN¥0.026 loss per share (vs CN¥0.062 profit in 2Q 2023) Second quarter 2024 results: CN¥0.026 loss per share (down from CN¥0.062 profit in 2Q 2023). Revenue: CN¥512.4m (down 30% from 2Q 2023). Net loss: CN¥21.9m (down 142% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 30
CETC Cyberspace Security Technology Co., Ltd. Approves Management Elections CETC Cyberspace Security Technology Co., Ltd. at its Extraordinary General Meeting held on 28 August 2024 approved the election of Chen Xin, Wei Min, Wang Yunbing, Wei Hongkuan and Zhou Jun as non-independent director. The company approved the election of Cao Nan as shareholder supervisor. Declared Dividend • Jul 17
Dividend of CN¥0.06 announced Dividend of CN¥0.06 is the same as last year. Ex-date: 19th July 2024 Payment date: 19th July 2024 Dividend yield will be 0.5%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 16
Cetc Cyberspace Security Technology Co., Ltd. Announces Implementation of Cash Dividend for 2023, Payable on 19 July 2024 CETC Cyberspace Security Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): cash dividend per 10 shares (tax included) of CNY 0.60000000. Record date: 18 July 2024; Ex-date: 19 July 2024; Payment date: 19 July 2024. Aankondiging • Jun 29
CETC Cyberspace Security Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 CETC Cyberspace Security Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • Jun 13
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Weiping Huang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 28
CETC Cyberspace Security Technology Co., Ltd., Annual General Meeting, May 31, 2024 CETC Cyberspace Security Technology Co., Ltd., Annual General Meeting, May 31, 2024, at 14:50 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Agenda: To approve 2023 work report of the board of directors; to approve 2023 work report of the supervisory committee; to approve 2023 annual accounts report; to approve 2023 annual report and its summary; to approve 2023 profit distribution plan; to approve Shareholder return plan for the next three years from 2024 to 2026; to approve 2024 estimated continuing connected transactions; to approve Repurchase and cancellation of some restricted stocks; to approve amendments to the Company's articles of association; and to approve Election of independent directors. Aankondiging • Apr 27
CETC Cyberspace Security Technology Co., Ltd. Proposes Cash Dividend for 2023 CETC Cyberspace Security Technology Co., Ltd. announced on 26 April 2024 the profit distribution proposal for 2023: Cash dividend/10 shares (tax included) of CNY 0.60000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: CN¥0.23 loss per share (vs CN¥0.044 loss in 1Q 2023) First quarter 2024 results: CN¥0.23 loss per share (further deteriorated from CN¥0.044 loss in 1Q 2023). Revenue: CN¥128.3m (down 69% from 1Q 2023). Net loss: CN¥193.5m (loss widened 424% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Aankondiging • Mar 30
CETC Cyberspace Security Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 CETC Cyberspace Security Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥15.90, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 1.0% over the past three years. Aankondiging • Dec 30
CETC Cyberspace Security Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 CETC Cyberspace Security Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.072 (vs CN¥0.17 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.072 (down from CN¥0.17 in 3Q 2022). Revenue: CN¥577.8m (down 46% from 3Q 2022). Net income: CN¥60.6m (down 59% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.062 (vs CN¥0.057 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.062 (up from CN¥0.057 in 2Q 2022). Revenue: CN¥730.3m (up 7.4% from 2Q 2022). Net income: CN¥52.4m (up 8.3% from 2Q 2022). Profit margin: 7.2% (up from 7.1% in 2Q 2022). The increase in margin 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 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 06
CETC Cyberspace Security Technology Co., Ltd. Announces Implementation of Cash Dividend for 2022, Payable on 12 July 2023 CETC Cyberspace Security Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): cash dividend per 10 shares (tax included) of CNY 0.60000000. Record date: 11 July 2023; Ex-date: 12 July 2023; Payment date: 12 July 2023. Aankondiging • May 20
CETC Cyberspace Security Technology Co., Ltd. Approves Cash Dividend for the Year 2022 CETC Cyberspace Security Technology Co., Ltd. announced at annual general meeting held on May 18, 2023, the shareholders approved cash dividend of CNY 0.60000000 per ten shares (tax included) for the year 2022. Reported Earnings • Apr 22
First quarter 2023 earnings released: CN¥0.044 loss per share (vs CN¥0.045 loss in 1Q 2022) First quarter 2023 results: CN¥0.044 loss per share (improved from CN¥0.045 loss in 1Q 2022). Revenue: CN¥413.2m (down 35% from 1Q 2022). Net loss: CN¥37.0m (loss narrowed 3.9% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.047 (vs CN¥0.061 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.047 (down from CN¥0.061 in 3Q 2021). Revenue: CN¥748.4m (up 8.1% from 3Q 2021). Net income: CN¥39.7m (down 23% from 3Q 2021). Profit margin: 5.3% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% 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 • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.057 (vs CN¥0.04 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.057 (up from CN¥0.04 in 2Q 2021). Revenue: CN¥679.7m (up 21% from 2Q 2021). Net income: CN¥48.3m (up 42% from 2Q 2021). Profit margin: 7.1% (up from 6.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: CN¥0.045 loss per share (vs CN¥0.09 loss in 1Q 2021) First quarter 2022 results: CN¥0.045 loss per share (up from CN¥0.09 loss in 1Q 2021). Revenue: CN¥630.8m (up 123% from 1Q 2021). Net loss: CN¥38.5m (loss narrowed 50% from 1Q 2021). Over the next year, revenue is forecast to grow 38%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.28 (up from CN¥0.19 in FY 2020). Revenue: CN¥2.79b (up 17% from FY 2020). Net income: CN¥238.5m (up 48% from FY 2020). Profit margin: 8.6% (up from 6.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10.0%. Over the next year, revenue is forecast to grow 44%, compared to a 26% growth forecast for the industry in China. 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 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.061 (vs CN¥0.046 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥692.5m (up 27% from 3Q 2020). Net income: CN¥51.5m (up 33% from 3Q 2020). Profit margin: 7.4% (up from 7.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.004 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥560.9m (up 50% from 2Q 2020). Net income: CN¥34.2m (up CN¥30.8m from 2Q 2020). Profit margin: 6.1% (up from 0.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥20.33, the stock trades at a trailing P/E ratio of 77.2x. Average trailing P/E is 36x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: CN¥0.09 loss per share (vs CN¥0.16 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥282.8m (up 379% from 1Q 2020). Net loss: CN¥76.2m (loss narrowed 44% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥16.06 The company is down 15% from its price of CN¥18.80 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥17.50 The company is down 9.0% from its price of CN¥19.29 on 24 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 Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: CN¥17.60 The company is down 24% from its price of CN¥23.27 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥125.5m, down 3.7% from the prior year. Total revenue was CN¥2.04b over the last 12 months, up 5.5% from the prior year.