Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥43.74, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.89 per share. Price Target Changed • Jul 10
Price target increased by 7.8% to CN¥62.50 Up from CN¥58.00, the current price target is an average from 2 analysts. New target price is 9.9% above last closing price of CN¥56.87. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥1.33 for next year compared to CN¥0.64 last year. Aankondiging • Jun 30
Electric Connector Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Electric Connector Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 New Risk • Jun 15
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Buy Or Sell Opportunity • May 29
Now 21% undervalued Over the last 90 days, the stock has risen 30% to CN¥56.21. The fair value is estimated to be CN¥71.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 22% in a year. Earnings are forecast to grow by 175% in the next year. Aankondiging • May 29
Electric Connector Technology Co., Ltd. Announces 2025 Final Profit Distribution Plan on A Shares, Payable on 01 June 2026 Electric Connector Technology Co., Ltd. announced 2025 final profit distribution plan to be implemented (A shares) of CNY 2.38378100 per share. Record date: 29 May 2026. Ex-date: 01 June 2026. Payment date: 01 June 2026. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.20 (vs CN¥0.29 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.20 (down from CN¥0.29 in 1Q 2025). Revenue: CN¥1.19b (flat on 1Q 2025). Net income: CN¥87.1m (down 29% from 1Q 2025). Profit margin: 7.3% (down from 10% in 1Q 2025). Revenue is forecast to grow 25% 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 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 24
Electric Connector Technology Co., Ltd., Annual General Meeting, May 20, 2026 Electric Connector Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China New Risk • Apr 09
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 8.6% 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 Dividend is not well covered by cash flows (111% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥40.16, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Aankondiging • Mar 31
Electric Connector Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Electric Connector Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Aankondiging • Feb 11
Electric Connector Technology Co., Ltd. (SZSE:300679) announces an Equity Buyback for CNY 200 million worth of its shares. Electric Connector Technology Co., Ltd. (SZSE:300679) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price of CNY 69.72 per share. The program will be funded from own funds or self-financing. The repurchased shares will be used for equity incentives or employee stock ownership plans. The repurchase program is valid for a period of 12 months. Aankondiging • Dec 31
Electric Connector Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Electric Connector Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.35 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.31 (down from CN¥0.35 in 3Q 2024). Revenue: CN¥1.52b (up 28% from 3Q 2024). Net income: CN¥130.1m (down 14% from 3Q 2024). Profit margin: 8.6% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 13% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥48.18, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 31% over the past three years. Aankondiging • Sep 30
Electric Connector Technology Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025 Electric Connector Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥56.44, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.35 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (down from CN¥0.35 in 2Q 2024). Revenue: CN¥1.33b (up 20% from 2Q 2024). Net income: CN¥119.4m (down 18% from 2Q 2024). Profit margin: 9.0% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Aug 08
Electric Connector Technology Co., Ltd. (SZSE:300679) agreed to acquire an additional 39% stake in Shenzhen Amos Science And Technology Co. Ltd from Wen Li and Wen Shengping for CNY 180 million. Electric Connector Technology Co., Ltd. (SZSE:300679) agreed to acquire an additional 39% stake in Shenzhen Amos Science And Technology Co. Ltd from Wen Li and Wen Shengping for CNY 180 million on August 5, 2025. A cash consideration of CNY 180.18 million will be paid by Electric Connector Technology Co., Ltd. As part of consideration, CNY 180.18 million is paid towards common equity of Shenzhen Amos Science And Technology Co. Ltd. Upon completion, Electric Connector Technology Co., Ltd. will own 90% stake in Shenzhen Amos Science And Technology Co. Ltd. As part of transaction Electric Connector Technology Co., Ltd. is acquiring 19.60% stake from Wen Shengping and 19.4% stake from Wen Li.
As of March 31, 2025, Shenzhen Amos Science And Technology Co. Ltd reported total assets of CNY 164.9 million and total common equity of CNY 131.81 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Buy Or Sell Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CN¥42.64. The fair value is estimated to be CN¥53.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 63% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Aankondiging • Jul 02
Electric Connector Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Electric Connector Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • May 29
Dividend increased to CN¥0.47 Dividend of CN¥0.47 is 33% higher than last year. Ex-date: 3rd June 2025 Payment date: 3rd June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 105% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 22
Electric Connector Technology Co., Ltd. Approve the Profit Distribution Proposal for 2024 Electric Connector Technology Co., Ltd. held its Annual General Meeting of 2024 on 16 May 2025 approved profit distribution proposal for 2024. For the period, the company reported Cash dividend/10 shares (tax included): CNY4.77000000. Aankondiging • Apr 25
Electric Connector Technology Co., Ltd. Proposes Final Dividend for the Year 2024 Electric Connector Technology Co., Ltd. proposed final dividend of CNY 4.77 per 10 shares (tax included) for the year 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.29 (vs CN¥0.38 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.29 (down from CN¥0.38 in 1Q 2024). Revenue: CN¥1.20b (up 15% from 1Q 2024). Net income: CN¥123.3m (down 24% from 1Q 2024). Profit margin: 10% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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 increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 23
Electric Connector Technology Co., Ltd., Annual General Meeting, May 16, 2025 Electric Connector Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: 5F, Electric Connector Technology Industry Park, Changfeng Road, Changzhen Community, Yutang Subdistrict, Guangming District, Shenzhen, Guangdong China Aankondiging • Mar 31
Electric Connector Technology Co., Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Electric Connector Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 Aankondiging • Feb 20
Electric Connector Technology Co., Ltd. Announces Board Changes Electric Connector Technology Co., Ltd. announced that at 1st Extraordinary General Meeting of 2025 on 18 February 2025, approved election of Chen Xudong and Zeng Li as non-independent directors. Buy Or Sell Opportunity • Feb 06
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to CN¥68.50. The fair value is estimated to be CN¥53.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 9.7%. Revenue is forecast to grow by 67% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Price Target Changed • Jan 26
Price target increased by 21% to CN¥58.80 Up from CN¥48.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of CN¥61.40. Stock is up 79% over the past year. The company is forecast to post earnings per share of CN¥1.55 for next year compared to CN¥0.84 last year. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. Independent Director Mian Li was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Dec 31
Electric Connector Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Electric Connector Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Buy Or Sell Opportunity • Nov 01
Now 21% undervalued Over the last 90 days, the stock has risen 32% to CN¥42.85. The fair value is estimated to be CN¥54.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 9.7%. Revenue is forecast to grow by 67% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.29 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.29 in 3Q 2023). Revenue: CN¥1.19b (up 42% from 3Q 2023). Net income: CN¥151.0m (up 24% from 3Q 2023). Profit margin: 13% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% 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 increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Oct 09
Now 21% undervalued Over the last 90 days, the stock has risen 7.1% to CN¥42.72. The fair value is estimated to be CN¥54.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 5.8%. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Aankondiging • Sep 30
Electric Connector Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Electric Connector Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.76, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 7.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥54.21 per share. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.35 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥1.10b (up 48% from 2Q 2023). Net income: CN¥145.8m (up 87% from 2Q 2023). Profit margin: 13% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% 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 increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to CN¥39.07. The fair value is estimated to be CN¥49.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 69% in 2 years. Earnings are forecast to grow by 91% in the next 2 years. Aankondiging • Jun 29
Electric Connector Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Electric Connector Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 26
Dividend increased to CN¥0.36 Dividend of CN¥0.36 is 88% higher than last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.3% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 117% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 25
Electric Connector Technology Co., Ltd. Announces Dividend Implementation (Cash Only) for 2023, Payable on 30 May 2024 Electric Connector Technology Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 3.58000000. Record date: 29 May 2024; Ex-date: 30 May 2024; Payment date: 30 May 2024. Major Estimate Revision • May 02
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥4.17b to CN¥4.35b. EPS estimate increased from CN¥1.26 to CN¥1.54 per share. Net income forecast to grow 44% next year vs 61% growth forecast for Electronic industry in China. Consensus price target of CN¥43.00 unchanged from last update. Share price was steady at CN¥42.70 over the past week. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.11 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.38 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥1.04b (up 69% from 1Q 2023). Net income: CN¥161.8m (up 244% from 1Q 2023). Profit margin: 16% (up from 7.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% 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 increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 23
Electric Connector Technology Co., Ltd., Annual General Meeting, May 16, 2024 Electric Connector Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 15:00 China Standard Time. Location: 2F, Building 8, Jinxiu Industrial Park, Xitian Community, Gongming Subdistrict, Guangming District, Shenzhen, Guangdong China Aankondiging • Mar 30
Electric Connector Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Electric Connector Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 New Risk • Feb 07
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 7.4% 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 Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (9.4% net profit margin). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥27.92, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.91 per share. Aankondiging • Dec 29
Electric Connector Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Electric Connector Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Price Target Changed • Dec 16
Price target increased by 12% to CN¥43.00 Up from CN¥38.50, the current price target is provided by 1 analyst. New target price is 10% above last closing price of CN¥39.08. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of CN¥0.80 for next year compared to CN¥1.06 last year. Aankondiging • Nov 09
Electric Connector Technology Co., Ltd. (SZSE:300679) announces an Equity Buyback for CNY 100 million worth of its shares. Electric Connector Technology Co., Ltd. (SZSE:300679) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price of CNY 58.11 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The repurchase program is valid for a period of 12 months. New Risk • Oct 26
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: 9.4% Last year net profit margin: 17% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.50 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.50 in 3Q 2022). Revenue: CN¥839.9m (up 18% from 3Q 2022). Net income: CN¥122.3m (down 44% from 3Q 2022). Profit margin: 15% (down from 31% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Aankondiging • Sep 30
Electric Connector Technology Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Electric Connector Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.19 (vs CN¥0.26 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.19 (down from CN¥0.26 in 2Q 2022). Revenue: CN¥748.4m (flat on 2Q 2022). Net income: CN¥78.2m (down 27% from 2Q 2022). Profit margin: 10% (down from 14% in 2Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥36.29, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.04 per share. New Risk • Jun 22
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 6.9% 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 High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Aankondiging • May 25
Electric Connector Technology Co., Ltd. Approves Dividend for 2022 Electric Connector Technology Co., Ltd. announced at the AGM held on May 22, 2023 that the company approved Cash dividend/10 shares (tax included) of CNY 1.90000000 for 2022. Price Target Changed • Apr 29
Price target decreased by 9.7% to CN¥40.13 Down from CN¥44.43, the current price target is an average from 3 analysts. New target price is 30% above last closing price of CN¥30.90. Stock is up 13% over the past year. The company is forecast to post earnings per share of CN¥1.37 for next year compared to CN¥1.06 last year. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.21 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.21 in 1Q 2022). Revenue: CN¥616.4m (down 19% from 1Q 2022). Net income: CN¥47.0m (down 47% from 1Q 2022). Profit margin: 7.6% (down from 12% in 1Q 2022). Revenue is forecast to grow 29% 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 increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥30.00, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Electronic 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¥19.34 per share. Price Target Changed • Nov 16
Price target increased to CN¥50.00 Up from CN¥28.27, the current price target is provided by 1 analyst. New target price is 33% above last closing price of CN¥37.68. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥1.27 for next year compared to CN¥0.88 last year. Board Change • Nov 16
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. 5 experienced directors. No highly experienced directors. Supervisor Feng Chen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥41.31, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 64% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.50 (vs CN¥0.22 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.50 (up from CN¥0.22 in 3Q 2021). Revenue: CN¥710.3m (down 17% from 3Q 2021). Net income: CN¥217.6m (up 128% from 3Q 2021). Profit margin: 31% (up from 11% in 3Q 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥47.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 92% in 2 years. Earnings is forecast to grow by 62% in the next 2 years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.20 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.20 in 2Q 2021). Revenue: CN¥745.7m (down 2.6% from 2Q 2021). Net income: CN¥106.9m (up 25% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 53%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥52.10, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥51.01, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 156% over the past three years. Aankondiging • May 29
Electric Connector Technology Co., Ltd. Implements Cash Dividend (A Shares) for 2021, Payable on June 2, 2022 Electric Connector Technology Co., Ltd. implemented Cash dividend (A shares) of CNY 3.60000800 per 10 shares (tax included) for 2021, payable on June 2, 2022 with record date of June 1, 2022 and ex-date of June 2, 2022. Aankondiging • May 24
Electric Connector Technology Co., Ltd. Approves Dividend for the Year 2021 Electric Connector Technology Co., Ltd. approved cash dividend/10 shares (tax included) of CNY 3.6 for 2021 at the Annual General Meeting held on 20 May 2022. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥36.90, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 129% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.21 (down from CN¥0.25 in 1Q 2021). Revenue: CN¥758.1m (down 7.1% from 1Q 2021). Net income: CN¥88.1m (down 14% from 1Q 2021). Profit margin: 12% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 44%, compared to a 24% 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 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Supervisor Feng Chen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥36.85, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 99% over the past three years. Aankondiging • Feb 17
Electric Connector Technology Co., Ltd. (SZSE:300679) commences an Equity Buyback Plan for CNY 200 million worth of its shares, under the authorization approved on February 14, 2022. Electric Connector Technology Co., Ltd. (SZSE:300679) commences share repurchases on February 15, 2022, under the program mandated by the shareholders in the Extraordinary Shareholders General Meeting held on February 14, 2022. As per the mandate, the company is authorized to repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at a price of CNY 78.03 per share. The repurchase program is valid for a period of 12 months from shareholders' approval. Board Change • Jan 01
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. 5 experienced directors. No highly experienced directors. Supervisor Feng Chen is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. No highly experienced directors. Non-Independent Director Yi Xiao was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.25 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¥850.2m (up 8.6% from 3Q 2020). Net income: CN¥95.3m (down 8.9% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥44.54, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 237% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.18 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥765.4m (up 24% from 2Q 2020). Net income: CN¥85.3m (up 26% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 32% share price gain to CN¥44.40, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 226% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥35.44, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥28.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 54% over the past three years. Aankondiging • May 28
Electric Connector Technology Co., Ltd. Announces Dividend for 2020 Electric Connector Technology Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 4.00000000 for 2020 at the Annual General Meeting held on 25 May 2021. Aankondiging • Apr 29
Electric Connector Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2020 Electric Connector Technology Co., Ltd. proposed final dividend Cash dividend/10 shares (tax included): CNY 4.00000000 for the year 2020.