New Risk • Aug 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). High level of non-cash earnings (22% accrual ratio). Reported Earnings • Aug 01
Second quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.037 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.037 in 2Q 2025). Revenue: CN¥765.9m (up 25% from 2Q 2025). Net income: CN¥103.8m (up 187% from 2Q 2025). Profit margin: 14% (up from 5.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 30
Guangdong Aofei Data Technology Co., Ltd. to Report First Half, 2026 Results on Aug 01, 2026 Guangdong Aofei Data Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 01, 2026 Declared Dividend • Jun 28
Dividend increased to CN¥0.014 Dividend of CN¥0.014 is 7.7% higher than last year. Ex-date: 2nd July 2026 Payment date: 2nd July 2026 Dividend yield will be 0.07%, which is lower than the industry average of 0.8%. Aankondiging • Apr 20
Guangdong Aofei Data Technology Co., Ltd., Annual General Meeting, May 11, 2026 Guangdong Aofei Data Technology Co., Ltd., Annual General Meeting, May 11, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Aankondiging • Mar 31
Guangdong Aofei Data Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Guangdong Aofei Data Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Aankondiging • Dec 31
Guangdong Aofei Data Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Guangdong Aofei Data Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Aankondiging • Sep 30
Guangdong Aofei Data Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Guangdong Aofei Data Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Aankondiging • Jul 02
Guangdong Aofei Data Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Guangdong Aofei Data Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Aankondiging • Apr 22
Guangdong Aofei Data Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Guangdong Aofei Data Technology Co., Ltd. announced on 21 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 0.13000000. Aankondiging • Apr 21
Guangdong Aofei Data Technology Co., Ltd., Annual General Meeting, May 12, 2025 Guangdong Aofei Data Technology Co., Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Aankondiging • Mar 31
Guangdong Aofei Data Technology Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Guangdong Aofei Data Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Aankondiging • Mar 07
Guangdong Aofei Data Technology Co., Ltd. announced that it expects to receive CNY 1.749999885 billion in funding Guangdong Aofei Data Technology Co., Ltd announced a private placement of 196,304,416 shares at price CNY 8.914725 for gross proceeds CNY 1,749,999,884.9256 on March 6, 2025. The shares cannot be transferred within 6 months from the issuance closing date. The transaction been approved in the 16th Meeting of the Company’s 4th Directorate, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. The transaction includes participation from more than 35 investors. Aankondiging • Dec 31
Guangdong Aofei Data Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Guangdong Aofei Data Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.031 (vs CN¥0.052 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.031 (down from CN¥0.052 in 3Q 2023). Revenue: CN¥520.2m (up 40% from 3Q 2023). Net income: CN¥30.2m (down 39% from 3Q 2023). Profit margin: 5.8% (down from 13% in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. 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 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥13.92, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 32x in the IT industry in China. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.36 per share. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.026 (vs CN¥0.031 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.026 (down from CN¥0.031 in 2Q 2023). Revenue: CN¥679.8m (up 96% from 2Q 2023). Net income: CN¥25.2m (down 14% from 2Q 2023). Profit margin: 3.7% (down from 8.4% in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Aankondiging • Jun 29
Guangdong Aofei Data Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Guangdong Aofei Data Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Aankondiging • Jun 26
Guangdong Aofei Data Technology Co., Ltd. Implements Final Profit Distribution Plan of A Shares for 2023, Payable on 02 July 2024 Guangdong Aofei Data Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included): CNY 0.21000000. Record date: 01 July 2024, Ex-date: 02 July 2024, Payment date: 02 July 2024. Buy Or Sell Opportunity • Jun 17
Now 20% undervalued Over the last 90 days, the stock has risen 8.5% to CN¥10.81. The fair value is estimated to be CN¥13.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. New Risk • May 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (21% accrual ratio). Buy Or Sell Opportunity • May 28
Now 20% undervalued Over the last 90 days, the stock has risen 27% to CN¥11.11. The fair value is estimated to be CN¥13.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥11.82, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 25x in the IT industry in China. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.98 per share. Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.053 (vs CN¥0.053 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.053 (in line with 1Q 2023). Revenue: CN¥381.2m (up 19% from 1Q 2023). Net income: CN¥50.5m (up 14% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • Apr 15
Now 22% undervalued Over the last 90 days, the stock has risen 3.3% to CN¥10.41. The fair value is estimated to be CN¥13.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Aankondiging • Mar 30
Guangdong Aofei Data Technology Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Guangdong Aofei Data Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥12.13, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.62 per share. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.04, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 21x in the IT industry in China. Total loss to shareholders of 6.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.44 per share. Buy Or Sell Opportunity • Jan 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to CN¥8.26. The fair value is estimated to be CN¥10.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.5%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Aankondiging • Jan 31
Guangdong Aofei Data Technology Co., Ltd. (SZSE:300738) announces an Equity Buyback for CNY 100 million worth of its shares. Guangdong Aofei Data Technology Co., Ltd. (SZSE:300738) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be purchased at a price not exceeding CNY 15.09 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from company's own funds. The program will be valid for 12 months. Aankondiging • Dec 29
Guangdong Aofei Data Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Guangdong Aofei Data Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 New Risk • Oct 22
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Oct 21
Third quarter 2023 earnings released: EPS: CN¥0.052 (vs CN¥0.044 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.052 (up from CN¥0.044 in 3Q 2022). Revenue: CN¥371.9m (up 34% from 3Q 2022). Net income: CN¥49.2m (up 35% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Board Change • Aug 24
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent director Zhanpeng Huang was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.031 (vs CN¥0.039 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.031 (down from CN¥0.039 in 2Q 2022). Revenue: CN¥347.0m (up 24% from 2Q 2022). Net income: CN¥29.3m (down 9.6% from 2Q 2022). Profit margin: 8.4% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the IT industry in China. Aankondiging • Aug 18
Guangdong Aofei Data Technology Co., Ltd. Approves Executive Appointments Guangdong Aofei Data Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2023 on 16 August 2023 approved Election of Huang Zhanpeng, Zhang Tiansong and Zou Chuangming as non-independent directors. Election of Jin Yongfeng and Kang Haiwen as independent directors. Election of Xiao Lianju and Huang Xuanna as non-employee supervisors. Aankondiging • Jul 01
Guangdong Aofei Data Technology Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Guangdong Aofei Data Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Aankondiging • May 23
Guangdong Aofei Data Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on 26 May 2023 Guangdong Aofei Data Technology Co., Ltd. announced final cash dividend of CNY 0.24999900 per 10 shares (tax included) on A shares for the year 2022. Record date is 25 May 2023, Ex-date is 26 May 2023 and Payment date is 26 May 2023. Aankondiging • May 19
Guangdong Aofei Data Technology Co., Ltd. Approves Cash Dividend for 2022 Guangdong Aofei Data Technology Co., Ltd. approved cash dividend per 10 shares (tax included) of CNY 0.2500000 for 2022 at its annual general meeting held on 15 May 2023. Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in FY 2021) Full year 2022 results: EPS: CN¥0.24 (up from CN¥0.21 in FY 2021). Revenue: CN¥1.10b (down 8.9% from FY 2021). Net income: CN¥165.7m (up 15% from FY 2021). Profit margin: 15% (up from 12% in FY 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥11.68, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the IT industry in China. Total loss to shareholders of 1.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.01 per share. Buying Opportunity • Jan 06
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be CN¥12.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 8.5% per annum over the same time period. 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. Deputy GM & Director Pei Feng Yang 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 27
Third quarter 2022 earnings released: EPS: CN¥0.053 (vs CN¥0.072 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.053 (down from CN¥0.072 in 3Q 2021). Revenue: CN¥278.3m (down 17% from 3Q 2021). Net income: CN¥36.5m (down 27% from 3Q 2021). Profit margin: 13% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.047 (vs CN¥0.065 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.047 (down from CN¥0.065 in 2Q 2021). Revenue: CN¥278.9m (down 9.4% from 2Q 2021). Net income: CN¥32.4m (down 27% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 57%, compared to a 25% growth forecast for the IT industry in China. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Kang Feng was the last independent 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. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥24.27, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥21.40, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 26x in the IT industry in China. Total returns to shareholders of 9.0% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.13 (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¥335.5m (up 55% from 3Q 2020). Net income: CN¥49.7m (up 199% from 3Q 2020). Profit margin: 15% (up from 7.7% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.11 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥307.8m (up 55% from 2Q 2020). Net income: CN¥44.4m (up 14% from 2Q 2020). Profit margin: 14% (down from 20% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 17
First quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.18 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥280.9m (up 59% from 1Q 2020). Net income: CN¥29.3m (down 54% from 1Q 2020). Profit margin: 10% (down from 36% in 1Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥19.53, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 26x in the IT industry in China. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS CN¥0.78 (vs CN¥0.52 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¥840.5m (down 4.8% from FY 2019). Net income: CN¥156.6m (up 51% from FY 2019). Profit margin: 19% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue misses expectations Revenue missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 94%, compared to a 37% growth forecast for the IT industry in China.