Aankondiging • Jul 25
Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 173.61 per share. The repurchased shares will be cancelled and used to reduce registered capital. The program will be funded via Own Funds and/or Self-Financing. The program is subject to the shareholders’ approval. The program will be valid for a period of 12 months from the Company's Shareholders’ Approval Date. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥91.09, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 413% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥112, the stock trades at a trailing P/E ratio of 76.7x. Average trailing P/E is 77x in the Electronic industry in China. Total returns to shareholders of 557% over the past three years. Aankondiging • Jun 30
Beijing Tricolor Technology Co., Ltd to Report First Half, 2026 Results on Aug 26, 2026 Beijing Tricolor Technology Co., Ltd announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 15
Dividend reduced to CN¥0.10 Dividend of CN¥0.10 is 60% lower than last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 0.08%, which is lower than the industry average of 1.8%. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥111, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 72x in the Electronic industry in China. Total returns to shareholders of 399% over the past three years. Aankondiging • Apr 29
Beijing Tricolor Technology Co., Ltd, Annual General Meeting, May 21, 2026 Beijing Tricolor Technology Co., Ltd, Annual General Meeting, May 21, 2026, at 13:30 China Standard Time. Location: 8F, Building 1, Yard No. 39, Linfeng 2nd Road, Haidian District, Beijing China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥1.38 (vs CN¥0.43 in FY 2024) Full year 2025 results: EPS: CN¥1.38 (up from CN¥0.43 in FY 2024). Revenue: CN¥329.2m (down 34% from FY 2024). Net income: CN¥279.6m (up 226% from FY 2024). Profit margin: 85% (up from 17% in FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 93% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 30
Beijing Tricolor Technology Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 Beijing Tricolor Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Aankondiging • Dec 26
Beijing Tricolor Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Beijing Tricolor Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Board Change • Dec 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Hechun Zhao was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.048 (vs CN¥0.061 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.048 (down from CN¥0.061 in 3Q 2024). Revenue: CN¥64.8m (down 30% from 3Q 2024). Net income: CN¥10.8m (down 12% from 3Q 2024). Profit margin: 17% (up from 13% in 3Q 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 139% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Beijing Tricolor Technology Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025 Beijing Tricolor Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Aug 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Aug 24
Second quarter 2025 earnings released: CN¥0.13 loss per share (vs CN¥0.17 profit in 2Q 2024) Second quarter 2025 results: CN¥0.13 loss per share (down from CN¥0.17 profit in 2Q 2024). Revenue: CN¥89.7m (down 44% from 2Q 2024). Net loss: CN¥25.5m (down 177% from profit in 2Q 2024). 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 105% per year, which means it is well ahead of earnings. Aankondiging • Jun 30
Beijing Tricolor Technology Co., Ltd to Report First Half, 2025 Results on Aug 23, 2025 Beijing Tricolor Technology Co., Ltd announced that they will report first half, 2025 results on Aug 23, 2025 New Risk • Apr 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 93% Dividend yield: 0.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (9.7% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 24
Full year 2024 earnings released: EPS: CN¥0.43 (vs CN¥0.09 in FY 2023) Full year 2024 results: EPS: CN¥0.43 (up from CN¥0.09 in FY 2023). Revenue: CN¥494.9m (flat on FY 2023). Net income: CN¥85.8m (up 391% from FY 2023). Profit margin: 17% (up from 3.5% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Aankondiging • Apr 23
Beijing Tricolor Technology Co., Ltd, Annual General Meeting, May 26, 2025 Beijing Tricolor Technology Co., Ltd, Annual General Meeting, May 26, 2025, at 13:30 China Standard Time. Location: 8F, Building 1, Yard No. 39, Linfeng 2nd Road, Haidian District, Beijing China New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings have declined by 29% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Aankondiging • Mar 28
Beijing Tricolor Technology Co., Ltd to Report Q1, 2025 Results on Apr 24, 2025 Beijing Tricolor Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Jan 12
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 11% 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Aankondiging • Dec 27
Beijing Tricolor Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 23, 2025 Beijing Tricolor Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.061 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.061 (up from CN¥0.02 in 3Q 2023). Revenue: CN¥92.9m (down 22% from 3Q 2023). Net income: CN¥12.3m (up 146% from 3Q 2023). Profit margin: 13% (up from 4.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Beijing Tricolor Technology Co., Ltd to Report Q3, 2024 Results on Oct 26, 2024 Beijing Tricolor Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥158.8m (up 8.9% from 2Q 2023). Net income: CN¥33.2m (up 78% from 2Q 2023). Profit margin: 21% (up from 13% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 31% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Aankondiging • Jun 29
Beijing Tricolor Technology Co., Ltd to Report First Half, 2024 Results on Aug 09, 2024 Beijing Tricolor Technology Co., Ltd announced that they will report first half, 2024 results on Aug 09, 2024 Aankondiging • Apr 19
Beijing Tricolor Technology Co., Ltd, Annual General Meeting, May 08, 2024 Beijing Tricolor Technology Co., Ltd, Annual General Meeting, May 08, 2024, at 13:30 China Standard Time. Location: 8F, Building 1, Yard No. 39, Linfeng 2nd Road, Haidian District, Beijing China Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.09 (down from CN¥0.16 in FY 2022). Revenue: CN¥499.0m (up 31% from FY 2022). Net income: CN¥17.5m (down 40% from FY 2022). Profit margin: 3.5% (down from 7.7% in FY 2022). Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 61%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. New Risk • Apr 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Aankondiging • Mar 29
Beijing Tricolor Technology Co., Ltd to Report Q1, 2024 Results on Apr 25, 2024 Beijing Tricolor Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Aankondiging • Feb 01
Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces an Equity Buyback for CNY 40 million worth of its shares. Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its Class A shares. The shares will be repurchased at a price not more than CNY 30 per share. The repurchased shares will be used for ESOP or equity incentives. The program will be valid for a period of 12 months. Aankondiging • Dec 29
Beijing Tricolor Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024 Beijing Tricolor Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024 New Risk • Dec 05
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 8.0% 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 Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.017 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (up from CN¥0.017 in 3Q 2022). Revenue: CN¥119.4m (up 19% from 3Q 2022). Net income: CN¥4.98m (up 75% from 3Q 2022). Profit margin: 4.2% (up from 2.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Oct 26
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 6.2% 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 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (100% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.0% net profit margin). Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.13 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.13 in 2Q 2022). Revenue: CN¥145.8m (up 41% from 2Q 2022). Net income: CN¥18.6m (down 31% from 2Q 2022). Profit margin: 13% (down from 26% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% 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. Aankondiging • Jun 28
Beijing Tricolor Technology Co., Ltd to Report First Half, 2023 Results on Aug 02, 2023 Beijing Tricolor Technology Co., Ltd announced that they will report first half, 2023 results on Aug 02, 2023 Reported Earnings • Mar 22
Full year 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.45 in FY 2021) Full year 2022 results: EPS: CN¥0.16 (down from CN¥0.45 in FY 2021). Revenue: CN¥380.8m (down 19% from FY 2021). Net income: CN¥29.3m (down 65% from FY 2021). Profit margin: 7.7% (down from 18% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% 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 • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.33, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥17.90, the stock trades at a trailing P/E ratio of 61.8x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 21% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.017 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.017 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥100.4m (down 19% from 3Q 2021). Net income: CN¥2.86m (down 88% from 3Q 2021). Profit margin: 2.8% (down from 19% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥13.06, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 32x in the Electronic industry in China. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥13.48, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥14.41, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 36x in the Electronic industry in China. Total loss to shareholders of 33% over the past three years. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.098 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.13 (up from CN¥0.098 in 2Q 2021). Revenue: CN¥103.8m (down 13% from 2Q 2021). Net income: CN¥27.1m (up 71% from 2Q 2021). Profit margin: 26% (up from 13% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Aankondiging • May 10
Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces an Equity Buyback for CNY 60 million worth of its shares. Beijing Tricolor Technology Co., Ltd (SHSE:603516) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 18 per share. The repurchased shares will be used for equity incentives. The program will be valid for a period of 12 months. Reported Earnings • Apr 21
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.05 loss per share (down from CN¥0.064 profit in 1Q 2021). Revenue: CN¥66.6m (down 23% from 1Q 2021). Net loss: CN¥8.37m (down 171% from profit in 1Q 2021). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) were also behind analyst expectations. 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 12% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥20.55, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.24 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥124.4m (down 20% from 3Q 2020). Net income: CN¥23.3m (down 47% from 3Q 2020). Profit margin: 19% (down from 28% in 3Q 2020). The decrease in margin was driven by lower revenue. 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. Price Target Changed • Aug 18
Price target decreased to CN¥30.30 Down from CN¥40.40, the current price target is an average from 2 analysts. New target price is 62% above last closing price of CN¥18.75. Stock is down 36% over the past year. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CN¥0.098 (vs CN¥0.18 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥119.9m (up 8.0% from 2Q 2020). Net income: CN¥15.8m (down 58% from 2Q 2020). Profit margin: 13% (down from 34% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥21.68, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 10.0% over the past three years. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.014 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥85.9m (up 71% from 1Q 2020). Net income: CN¥11.9m (up 410% from 1Q 2020). Profit margin: 14% (up from 4.6% in 1Q 2020). The increase in margin was driven by higher revenue. 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. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorated over the past week After last week's 29% share price decline to CN¥26.87, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.99 per share. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue and earnings miss expectations Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 44%, compared to a 31% growth forecast for the Electronic industry in China. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS CN¥0.96 (vs CN¥0.87 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥482.6m (up 30% from FY 2019). Net income: CN¥128.3m (up 12% from FY 2019). Profit margin: 27% (down from 31% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Feb 25
New 90-day high: CN¥34.98 The company is up 7.0% from its price of CN¥32.82 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.86 per share. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥33.19, the stock is trading at a trailing P/E ratio of 43.6x, up from the previous P/E ratio of 36.2x. This compares to an average P/E of 40x in the Electronic industry in China. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥29.35 The company is down 20% from its price of CN¥36.83 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.90 per share. Aankondiging • Jan 21
Beijing Tricolor Technology Co., Ltd to Report Fiscal Year 2020 Results on Mar 05, 2021 Beijing Tricolor Technology Co., Ltd announced that they will report fiscal year 2020 results on Mar 05, 2021 Is New 90 Day High Low • Dec 28
New 90-day low: CN¥30.60 The company is down 7.0% from its price of CN¥33.00 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 Electronic industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.93 per share. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥31.72 The company is down 8.0% from its price of CN¥34.38 on 11 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 Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.97 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥101.7m, down 10.0% from the prior year. Total revenue was CN¥406.9m over the last 12 months, up 14% from the prior year. Aankondiging • Oct 28
Beijing Tricolor Technology Co., Ltd to Report Q3, 2020 Results on Oct 30, 2020 Beijing Tricolor Technology Co., Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Aankondiging • Jul 08
Beijing Tricolor Technology Co., Ltd to Report First Half, 2020 Results on Aug 20, 2020 Beijing Tricolor Technology Co., Ltd announced that they will report first half, 2020 results on Aug 20, 2020