Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥48.60, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 37x in the Electronic industry in China. Total loss to shareholders of 41% over the past three years. New Risk • Apr 29
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: 11% Last year net profit margin: 20% 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: Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (11% net profit margin). Reported Earnings • Apr 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.96 (down from CN¥1.31 in FY 2024). Revenue: CN¥645.6m (up 11% from FY 2024). Net income: CN¥84.3m (down 22% from FY 2024). Profit margin: 13% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Aankondiging • Apr 28
Anhui Ronds Science & Technology Incorporated Company, Annual General Meeting, May 18, 2026 Anhui Ronds Science & Technology Incorporated Company, Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Aankondiging • Mar 30
Anhui Ronds Science & Technology Incorporated Company to Report Q1, 2026 Results on Apr 28, 2026 Anhui Ronds Science & Technology Incorporated Company announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥49.91, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 33x in the Electronic industry in China. Total loss to shareholders of 45% over the past three years. New Risk • Mar 02
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: CN¥0.96 (vs CN¥1.31 in FY 2024) Full year 2025 results: EPS: CN¥0.96 (down from CN¥1.31 in FY 2024). Revenue: CN¥645.6m (up 11% from FY 2024). Net income: CN¥83.9m (down 22% from FY 2024). Profit margin: 13% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥51.09, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 32x in the Electronic industry in China. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥92.54 per share. Aankondiging • Dec 26
Anhui Ronds Science & Technology Incorporated Company to Report Fiscal Year 2025 Results on Apr 28, 2026 Anhui Ronds Science & Technology Incorporated Company announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.015 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.015 in 3Q 2024). Revenue: CN¥133.9m (up 9.0% from 3Q 2024). Net income: CN¥12.7m (up CN¥10.6m from 3Q 2024). Profit margin: 9.5% (up from 1.7% in 3Q 2024). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. 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 15% per year, which means it is significantly lagging earnings. Aankondiging • Sep 30
Anhui Ronds Science & Technology Incorporated Company to Report Q3, 2025 Results on Oct 30, 2025 Anhui Ronds Science & Technology Incorporated Company announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.39 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.24. Revenue: CN¥172.8m (up 8.5% from 2Q 2024). Net income: CN¥20.6m (up 3.3% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥56.06, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 30x in the Electronic industry in China. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥54.19 per share. Aankondiging • Jun 30
Anhui Ronds Science & Technology Incorporated Company to Report First Half, 2025 Results on Aug 08, 2025 Anhui Ronds Science & Technology Incorporated Company announced that they will report first half, 2025 results on Aug 08, 2025 New Risk • Jun 24
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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥40.43, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥55.35 per share. New Risk • May 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 02
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥1.56 to CN¥1.76. Revenue forecast steady at CN¥778.7m. Net income forecast to grow 37% next year vs 49% growth forecast for Electronic industry in China. Consensus price target up from CN¥40.00 to CN¥62.90. Share price was steady at CN¥51.83 over the past week. Reported Earnings • Apr 25
First quarter 2025 earnings released: CN¥0.07 loss per share (vs CN¥0.24 loss in 1Q 2024) First quarter 2025 results: CN¥0.07 loss per share (improved from CN¥0.24 loss in 1Q 2024). Revenue: CN¥83.6m (up 38% from 1Q 2024). Net loss: CN¥6.39m (loss narrowed 67% from 1Q 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 6% per year, which means it is well ahead of earnings. Aankondiging • Apr 25
Anhui Ronds Science & Technology Incorporated Company, Annual General Meeting, May 16, 2025 Anhui Ronds Science & Technology Incorporated Company, Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China New Risk • Apr 07
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 9.7% 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. This is currently the only risk that has been identified for the company. Aankondiging • Mar 28
Anhui Ronds Science & Technology Incorporated Company to Report Q1, 2025 Results on Apr 25, 2025 Anhui Ronds Science & Technology Incorporated Company announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥57.78, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. New Risk • Mar 04
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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 02
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.31 (up from CN¥0.77 in FY 2023). Revenue: CN¥583.7m (up 17% from FY 2023). Net income: CN¥107.5m (up 71% from FY 2023). Profit margin: 18% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 22% 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, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥41.27, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 36% over the past three years. New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% 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. This is currently the only risk that has been identified for the company. Aankondiging • Dec 27
Anhui Ronds Science & Technology Incorporated Company to Report Fiscal Year 2024 Results on Apr 25, 2025 Anhui Ronds Science & Technology Incorporated Company announced that they will report fiscal year 2024 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 55% over the past three years. Reported Earnings • Nov 04
Third quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥1.77 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.015 (up from CN¥1.77 loss in 3Q 2023). Revenue: CN¥122.8m (up 31% from 3Q 2023). Net income: CN¥2.06m (up CN¥17.2m from 3Q 2023). Profit margin: 1.7% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 23% 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 10% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 30
Anhui Ronds Science & Technology Incorporated Company to Report Q3, 2024 Results on Oct 30, 2024 Anhui Ronds Science & Technology Incorporated Company announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥29.98, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 62% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥159.2m (up 6.9% from 2Q 2023). Net income: CN¥20.0m (up 7.5% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 22% 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 11% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 29
Anhui Ronds Science & Technology Incorporated Company to Report First Half, 2024 Results on Aug 28, 2024 Anhui Ronds Science & Technology Incorporated Company announced that they will report first half, 2024 results on Aug 28, 2024 Price Target Changed • Apr 30
Price target decreased by 12% to CN¥48.19 Down from CN¥55.06, the current price target is an average from 3 analysts. New target price is 76% above last closing price of CN¥27.33. Stock is down 69% over the past year. The company is forecast to post earnings per share of CN¥1.14 for next year compared to CN¥0.77 last year. Reported Earnings • Apr 27
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: CN¥0.24 loss per share (improved from CN¥0.24 loss in 1Q 2023). Revenue: CN¥60.8m (up 6.3% from 1Q 2023). Net loss: CN¥19.3m (loss narrowed 2.3% from 1Q 2023). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Aankondiging • Apr 27
Anhui Ronds Science & Technology Incorporated Company, Annual General Meeting, May 16, 2024 Anhui Ronds Science & Technology Incorporated Company, Annual General Meeting, May 16, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Hefei, Anhui China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥22.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 78% over the past year. Aankondiging • Mar 29
Anhui Ronds Science & Technology Incorporated Company to Report Q1, 2024 Results on Apr 30, 2024 Anhui Ronds Science & Technology Incorporated Company announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥30.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 68% over the past year. Reported Earnings • Feb 22
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.77 (down from CN¥1.43 in FY 2022). Revenue: CN¥498.0m (down 9.0% from FY 2022). Net income: CN¥63.1m (down 46% from FY 2022). Profit margin: 13% (down from 21% in FY 2022). Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥23.36, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 72% over the past year. Major Estimate Revision • Oct 27
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥706.5m to CN¥518.2m. EPS estimate fell from CN¥1.63 to CN¥0.87 per share. Net income forecast to grow 136% next year vs 69% growth forecast for Electronic industry in China. Consensus price target down from CN¥74.19 to CN¥55.06. Share price was steady at CN¥41.13 over the past week. Price Target Changed • Oct 24
Price target decreased by 9.9% to CN¥66.86 Down from CN¥74.19, the current price target is an average from 3 analysts. New target price is 71% above last closing price of CN¥39.19. Stock is down 44% over the past year. The company is forecast to post earnings per share of CN¥1.62 for next year compared to CN¥1.43 last year. Reported Earnings • Oct 21
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: CN¥1.77 loss per share (down from CN¥0.14 profit in 3Q 2022). Revenue: CN¥93.9m (down 17% from 3Q 2022). Net loss: CN¥15.2m (down 231% from profit in 3Q 2022). Revenue missed analyst estimates by 34%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥42.84, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 31% over the past year. Major Estimate Revision • Aug 31
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥792.6m to CN¥706.5m. EPS estimate fell from CN¥1.71 to CN¥1.63 per share. Net income forecast to grow 100% next year vs 62% growth forecast for Electronic industry in China. Consensus price target down from CN¥88.98 to CN¥71.66. Share price rose 8.1% to CN¥54.70 over the past week. Reported Earnings • Aug 25
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.56 in 2Q 2022). Revenue: CN¥148.9m (down 12% from 2Q 2022). Net income: CN¥18.6m (down 60% from 2Q 2022). Profit margin: 13% (down from 28% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 42%. Earnings per share (EPS) also missed analyst estimates by 43%. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Price Target Changed • Jun 29
Price target increased by 21% to CN¥130 Up from CN¥107, the current price target is an average from 3 analysts. New target price is 65% above last closing price of CN¥78.82. Stock is up 54% over the past year. The company is forecast to post earnings per share of CN¥2.02 for next year compared to CN¥1.43 last year. Aankondiging • Jun 28
Anhui Ronds Science & Technology Incorporated Company to Report First Half, 2023 Results on Aug 30, 2023 Anhui Ronds Science & Technology Incorporated Company announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 12
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥2.12 (up from CN¥1.73 in FY 2021). Revenue: CN¥547.0m (up 38% from FY 2021). Net income: CN¥116.1m (up 43% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Reported Earnings • Feb 24
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥2.11 (up from CN¥1.73 in FY 2021). Revenue: CN¥547.0m (up 38% from FY 2021). Net income: CN¥115.8m (up 43% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 1.9%. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Aankondiging • Feb 17
Anhui Ronds Science & Technology Incorporated Company announced that it expects to receive CNY 200 million in funding Anhui Ronds Science & Technology Incorporated Company announced that it has entered into a share subscription agreement of not more than 16,459,647 A shares for gross proceeds of not more than CNY 199,984,711 on February 16, 2023. The transaction will include participation not more than 35, including returning individual investor Nie Weihua, who will subscribe with not less than CNY 20,000,000. At present, Nie Weihua directly holds 10,062,620 shares, 18.34% stake, and indirectly holds 11.63% voting rights. The shares Nie Weihua subscribes to cannot be transferred within 36 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 fourth meeting of the third Directorate and the third meeting of the third supervisory board and is subject to the approvals of the Company’s shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Price Target Changed • Nov 24
Price target increased to CN¥119 Up from CN¥104, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥116. Stock is down 2.5% over the past year. The company is forecast to post earnings per share of CN¥2.16 for next year compared to CN¥1.73 last year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥119, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 2.7% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.12 per share. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.26 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.26 in 3Q 2021). Revenue: CN¥113.2m (up 22% from 3Q 2021). Net income: CN¥11.6m (down 12% from 3Q 2021). Profit margin: 10% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Price Target Changed • Oct 10
Price target increased to CN¥97.12 Up from CN¥83.78, the current price target is an average from 2 analysts. New target price is 5.8% above last closing price of CN¥91.79. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥2.16 for next year compared to CN¥1.73 last year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥113, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 13% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥75.55 per share. Reported Earnings • Jul 26
Second quarter 2022 earnings released: EPS: CN¥0.83 (vs CN¥0.80 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.83 (up from CN¥0.80 in 2Q 2021). Revenue: CN¥169.7m (up 45% from 2Q 2021). Net income: CN¥46.7m (up 45% from 2Q 2021). Profit margin: 28% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 53%, compared to a 25% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥84.29, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥87.15, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Electronic industry in China. Reported Earnings • Apr 16
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: CN¥0.25 loss per share (up from CN¥0.34 loss in 1Q 2021). Revenue: CN¥39.6m (up 50% from 1Q 2021). Net loss: CN¥13.5m (loss narrowed 4.4% from 1Q 2021). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 65%, compared to a 23% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥61.93, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Electronic industry in China. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.73 (down from CN¥1.81 in FY 2020). Revenue: CN¥398.6m (up 51% from FY 2020). Net income: CN¥81.1m (up 8.9% from FY 2020). Profit margin: 20% (down from 28% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 44%, compared to a 26% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥84.50, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 28x in the Electronic industry in China. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.26 (vs CN¥0.70 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥92.6m (up 7.7% from 3Q 2020). Net income: CN¥13.1m (down 55% from 3Q 2020). Profit margin: 14% (down from 34% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥116, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 29x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥131, the stock trades at a forward P/E ratio of 70x. Average forward P/E is 30x in the Electronic industry in China.