Aankondiging • Jul 22
Jones Tech PLC (SZSE:300684) announces an Equity Buyback for CNY 60 million worth of its shares. Jones Tech PLC (SZSE:300684) 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 purchased at a price not exceeding CNY 90 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months from the Company's Directorate's Approval Date. New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 53% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 (12% average weekly change). Earnings are forecast to decline by an average of 53% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (114% cash payout ratio). New Risk • Jul 06
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 Dividend is not well covered by cash flows (114% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to CN¥74.41, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 79x in the Electronic industry in China. Total returns to shareholders of 290% over the past three years. Aankondiging • Jun 30
Jones Tech PLC to Report First Half, 2026 Results on Aug 25, 2026 Jones Tech PLC announced that they will report first half, 2026 results on Aug 25, 2026 Declared Dividend • May 27
Dividend increased to CN¥0.74 Dividend of CN¥0.74 is 14% higher than last year. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 35% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥65.43, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 236% over the past three years. Reported Earnings • Apr 29
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.14 (up from CN¥0.68 in FY 2024). Revenue: CN¥1.83b (up 17% from FY 2024). Net income: CN¥338.6m (up 68% from FY 2024). Profit margin: 19% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Revenue is forecast to grow 30% 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 27% per year whereas the company’s share price has increased by 28% per year. Aankondiging • Apr 29
Jones Tech PLC, Annual General Meeting, May 20, 2026 Jones Tech PLC, Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: No. 3, Donghuan Middle Road, Beijing Economic and Technological Development Zone, Beijing China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥54.74, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 222% over the past three years. Aankondiging • Mar 31
Jones Tech PLC to Report Q1, 2026 Results on Apr 29, 2026 Jones Tech PLC announced that they will report Q1, 2026 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥46.40, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 171% over the past three years. Board Change • Jan 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Employee Supervisory Suqing Liu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥56.84, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 281% over the past three years. Aankondiging • Dec 31
Jones Tech PLC to Report Fiscal Year 2025 Results on Apr 29, 2026 Jones Tech PLC announced that they will report fiscal year 2025 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥50.55, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 258% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.23 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.44 (up from CN¥0.23 in 3Q 2024). Revenue: CN¥550.2m (up 22% from 3Q 2024). Net income: CN¥130.2m (up 88% from 3Q 2024). Profit margin: 24% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. 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 44% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 30
Jones Tech PLC to Report Q3, 2025 Results on Oct 30, 2025 Jones Tech PLC announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥44.61, the stock trades at a trailing P/E ratio of 51.4x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 270% over the past three years. New Risk • Sep 16
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 8.9% 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 (8.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.85, the stock trades at a trailing P/E ratio of 49.7x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 171% over the past three years. New Risk • Aug 14
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 6.6% 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: Major Risk Earnings have declined by 2.2% per year over the past 5 years. 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 (6.6% average weekly change). New Risk • Jul 09
New major risk - Revenue and earnings growth Earnings have declined by 2.2% 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 2.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • Jul 02
Jones Tech PLC to Report First Half, 2025 Results on Aug 29, 2025 Jones Tech PLC announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • May 23
Dividend increased to CN¥0.65 Dividend of CN¥0.65 is 171% higher than last year. Ex-date: 28th May 2025 Payment date: 28th May 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (83% cash payout ratio). The dividend has increased by an average of 39% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 22
Jones Tech PLC Approves the Cash Dividend for 2024 Jones Tech PLC at its Annual General Meeting of 2024 on 16 May 2025, approved the cash dividend/10 shares (tax included) of CNY 6.50000000 for 2024. Aankondiging • Apr 25
Jones Tech PLC Proposes Final Cash Dividend for the Year 2024 Jones Tech PLC announced on 24 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 6.50000000. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.10 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.10 in 1Q 2024). Revenue: CN¥348.8m (up 16% from 1Q 2024). Net income: CN¥61.7m (up 106% from 1Q 2024). Profit margin: 18% (up from 10.0% in 1Q 2024). 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 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 24
Jones Tech PLC, Annual General Meeting, May 16, 2025 Jones Tech PLC, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: No. 3, Donghuan Middle Road, Economic and Technological Development Zone, Beijing China Aankondiging • Apr 15
Jones Tech PLC (SZSE:300684) announces an Equity Buyback for CNY 30 million worth of its shares. Jones Tech PLC (SZSE:300684) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 30 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.21, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.16 per share. Aankondiging • Mar 31
Jones Tech PLC to Report Q1, 2025 Results on Apr 24, 2025 Jones Tech PLC announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Feb 08
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 (329% cash payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Board Change • Feb 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Employee Supervisory Suqing Liu was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥25.71, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 40% over the past three years. Aankondiging • Dec 31
Jones Tech PLC to Report Fiscal Year 2024 Results on Apr 24, 2025 Jones Tech PLC announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.068 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.068 in 3Q 2023). Revenue: CN¥451.8m (up 47% from 3Q 2023). Net income: CN¥69.4m (up 255% from 3Q 2023). Profit margin: 15% (up from 6.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% 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 12% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Jones Tech PLC to Report Q3, 2024 Results on Oct 25, 2024 Jones Tech PLC announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥18.61, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 7.0% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.048 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.048 in 2Q 2023). Revenue: CN¥344.6m (up 4.5% from 2Q 2023). Net income: CN¥32.7m (up 141% from 2Q 2023). Profit margin: 9.5% (up from 4.1% in 2Q 2023). Revenue is forecast to grow 31% 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 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥16.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 17% over the past three years. Aankondiging • Jun 29
Jones Tech PLC to Report First Half, 2024 Results on Aug 29, 2024 Jones Tech PLC announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥16.44, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Declared Dividend • May 25
Dividend reduced to CN¥0.24 Dividend of CN¥0.24 is 63% lower than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (317% cash payout ratio). The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next year, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 25
Jones Tech plc Announces Final Cash Dividend Plan on A Shares for the Year 2023, Payable on 27 May 2024 Jones Tech PLC announced final cash dividend/10 shares (tax included) plan of CNY2.40000000 on A shares for the year 2023. Record date is 27 May 2024. Ex-date is 28 May 2024. Payment date is 28 May 2024. Aankondiging • Apr 27
Jones Tech PLC Proposes Final Cash Dividend for the Year 2023 Jones Tech PLC proposed final cash dividend/10 shares (tax included) of CNY 2.40000000 for the year 2023. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.075 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.075 in 1Q 2023). Revenue: CN¥299.7m (down 4.5% from 1Q 2023). Net income: CN¥30.0m (up 42% from 1Q 2023). Profit margin: 10.0% (up from 6.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% 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 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Aankondiging • Apr 26
Jones Tech PLC, Annual General Meeting, May 16, 2024 Jones Tech PLC, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: No. 3, Donghuan Middle Road, Beijing Economic and Technological Development Zone, Beijing China Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.80, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 36% over the past three years. Aankondiging • Mar 30
Jones Tech PLC to Report Q1, 2024 Results on Apr 25, 2024 Jones Tech PLC announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥17.08, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 6.4% over the past three years. Aankondiging • Mar 02
Jones Tech PLC (SZSE:300684) announces an Equity Buyback for CNY 30 million worth of its shares. Jones Tech PLC (SZSE:300684) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The shares will be purchased at a price not exceeding CNY 21.93 per share. The repurchased shares will be used for equity incentives or employee stock ownership plans. The program will be funded from company's own funds. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥13.21, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.01, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 45x in the Electronic industry in China. Total loss to shareholders of 7.8% over the past three years. Aankondiging • Dec 29
Jones Tech PLC to Report Fiscal Year 2023 Results on Apr 25, 2024 Jones Tech PLC announced that they will report fiscal year 2023 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥21.04, the stock trades at a trailing P/E ratio of 60.3x. Average trailing P/E is 45x in the Electronic industry in China. Total loss to shareholders of 15% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.32 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (down from CN¥0.32 in 3Q 2022). Revenue: CN¥311.2m (down 44% from 3Q 2022). Net income: CN¥19.7m (down 78% from 3Q 2022). Profit margin: 6.3% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥16.55, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 37% over the past three years. Aankondiging • Sep 30
Jones Tech PLC to Report Q3, 2023 Results on Oct 30, 2023 Jones Tech PLC announced that they will report Q3, 2023 results on Oct 30, 2023 New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% 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: Minor Risks Dividend is not well covered by earnings (105% payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.048 (vs CN¥0.11 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.048 (down from CN¥0.11 in 2Q 2022). Revenue: CN¥329.8m (up 11% from 2Q 2022). Net income: CN¥13.6m (down 55% from 2Q 2022). Profit margin: 4.1% (down from 10% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.73, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 46x in the Electronic industry in China. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥24.64, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 3.8% over the past three years. Aankondiging • May 20
Jones Tech plc Approves Cash Dividend for the Year 2022 Jones Tech PLC approved cash dividend of CNY 6.500 (tax included) per 10 shares for the year 2022, at the AGM held on May 18, 2023. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥21.97, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.075 (vs CN¥0.086 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.075 (down from CN¥0.086 in 1Q 2022). Revenue: CN¥313.7m (up 16% from 1Q 2022). Net income: CN¥21.1m (down 13% from 1Q 2022). Profit margin: 6.7% (down from 8.9% in 1Q 2022). 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 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥22.84, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥18.97, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. Aankondiging • Dec 28
Jones Tech PLC (SZSE:300684) announces an Equity Buyback for CNY 20 million worth of its shares. Jones Tech PLC (SZSE:300684) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The shares will be purchased at a price not exceeding CNY 23 per share. The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The program will be funded from company's own funds. The program will be valid for 12 months. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Wenli Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥558.5m (up 56% from 3Q 2021). Net income: CN¥89.7m (up 93% from 3Q 2021). Profit margin: 16% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. 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 9% per year, which means it is performing significantly worse than earnings. Board Change • Oct 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Wenli Zhang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥13.94, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 29x in the Electronic industry in China. Total loss to shareholders of 37% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥296.1m (down 2.8% from 2Q 2021). Net income: CN¥29.9m (down 28% from 2Q 2021). Profit margin: 10% (down from 14% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥14.70, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥15.72, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 3.1% over the past three years. Aankondiging • May 21
Jones Tech PLC Announces Final Dividend on A Shares for the Year 2021, Payable on 27 May 2022 Jones Tech PLC announced final cash dividend/10 shares (tax included) of CNY 4.30000000 on A shares for the year 2021. Record date is 26 May 2022. Ex-date is 27 May 2022. Payment date is 27 May 2022. Aankondiging • May 20
Jones Tech PLC Approves Profit Distribution Plan for 2021 Jones Tech PLC announced that at the Annual General Meeting held on 18 May 2022, approved cash dividend (tax included) of CNY 4.30000000 per ten shares for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.086 (down from CN¥0.11 in 1Q 2021). Revenue: CN¥270.7m (down 4.8% from 1Q 2021). Net income: CN¥24.2m (down 20% from 1Q 2021). Profit margin: 8.9% (down from 11% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. 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 17% per year, which means it is significantly lagging earnings. Aankondiging • Apr 24
Jones Tech PLC, Annual General Meeting, May 18, 2022 Jones Tech PLC, Annual General Meeting, May 18, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 special report on the deposit and use of raised funds; and to consider any other matters. Aankondiging • Apr 23
Jones Tech PLC Proposes Cash Dividend for 2021 Jones Tech PLC announced on 22 April 2022 the profit distribution proposal for 2021 as cash dividend/10 shares (tax included): CNY 4.30000000. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.94, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥23.02, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.27 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥359.2m (down 3.3% from 3Q 2020). Net income: CN¥46.5m (down 35% from 3Q 2020). Profit margin: 13% (down from 19% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. 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 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥18.85, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥21.74, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 16% over the past three years. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.17 in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥304.6m (up 37% from 2Q 2020). Net income: CN¥41.3m (down 5.0% from 2Q 2020). Profit margin: 14% (down from 20% 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 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥25.88, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 8.9% over the past three years.