Valuation Update With 7 Day Price Move • 14h
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥43.14, the stock trades at a trailing P/E ratio of 69.3x. Average trailing P/E is 61x in the Electronic industry in China. Total returns to shareholders of 24% over the past three years. Aankondiging • Jun 30
Shenzhen AV-Display Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Shenzhen AV-Display Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Declared Dividend • May 14
Dividend reduced to CN¥0.20 Dividend of CN¥0.20 is 50% lower than last year. Ex-date: 19th May 2026 Payment date: 19th May 2026 Dividend yield will be 0.4%, 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 decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 6.3% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥45.81, the stock trades at a trailing P/E ratio of 73.6x. Average trailing P/E is 73x in the Electronic industry in China. Total returns to shareholders of 57% over the past three years. New Risk • May 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 7.9% 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 Risks Earnings have declined by 7.0% per year over the past 5 years. High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Apr 27
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (down from CN¥0.16 in 1Q 2025). Revenue: CN¥293.9m (up 9.8% from 1Q 2025). Net income: CN¥14.5m (down 26% from 1Q 2025). Profit margin: 4.9% (down from 7.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Apr 20
Shenzhen AV-Display Co., Ltd., Annual General Meeting, May 08, 2026 Shenzhen AV-Display Co., Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Aankondiging • Mar 31
Shenzhen AV-Display Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shenzhen AV-Display Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥46.51, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 56x in the Electronic industry in China. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥38.58, the stock trades at a trailing P/E ratio of 57x. Average trailing P/E is 59x in the Electronic industry in China. Total returns to shareholders of 30% over the past three years. Aankondiging • Dec 31
Shenzhen AV-Display Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Shenzhen AV-Display Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings have declined by 0.8% 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 0.8% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (dividend per share is over 5x cash flows per share). Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.15 in 3Q 2024). Revenue: CN¥344.3m (up 19% from 3Q 2024). Net income: CN¥12.5m (down 33% from 3Q 2024). Profit margin: 3.6% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Sep 30
Shenzhen AV-Display Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen AV-Display Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥40.00, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 62x in the Electronic industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.27 (up from CN¥0.26 in 2Q 2024). Revenue: CN¥362.8m (up 23% from 2Q 2024). Net income: CN¥31.8m (up 4.8% from 2Q 2024). Profit margin: 8.8% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • Jul 02
Shenzhen AV-Display Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Shenzhen AV-Display Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Declared Dividend • May 25
Dividend of CN¥0.40 announced Dividend of CN¥0.40 is the same as last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to decline by 38% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years. New Risk • May 01
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 169% Dividend yield: 1.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (169% cash payout ratio). Profit margins are more than 30% lower than last year (8.4% net profit margin). Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.20 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.16 (down from CN¥0.20 in 1Q 2024). Revenue: CN¥267.7m (up 19% from 1Q 2024). Net income: CN¥19.5m (down 19% from 1Q 2024). Profit margin: 7.3% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Apr 26
Shenzhen AV-Display Co., Ltd., Annual General Meeting, May 16, 2025 Shenzhen AV-Display Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥24.09, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 48x in the Electronic industry in China. Total loss to shareholders of 8.4% over the past three years. Aankondiging • Mar 31
Shenzhen AV-Display Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen AV-Display Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥29.57, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 44x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years. Aankondiging • Dec 31
Shenzhen AV-Display Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen AV-Display Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.23 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.23 in 3Q 2023). Revenue: CN¥288.5m (up 20% from 3Q 2023). Net income: CN¥18.7m (down 33% from 3Q 2023). Profit margin: 6.5% (down from 12% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Aankondiging • Sep 30
Shenzhen AV-Display Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Shenzhen AV-Display Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥31.81, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 1.9% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.32 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.26 (down from CN¥0.32 in 2Q 2023). Revenue: CN¥295.3m (up 13% from 2Q 2023). Net income: CN¥30.3m (down 19% from 2Q 2023). Profit margin: 10% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jul 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (7.2% average weekly change). Aankondiging • Jun 29
Shenzhen AV-Display Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shenzhen AV-Display Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 17
Dividend of CN¥0.40 announced Dividend of CN¥0.40 is the same as last year. Ex-date: 22nd May 2024 Payment date: 22nd May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has increased by an average of 6.3% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 16
Shenzhen Av-Display Co., Ltd. Implements 2023 Final Profit Distribution Plan of A Shares, Payable on 22 May 2024 Shenzhen AV-Display Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 4.00000000. Record date: 21 May 2024, Ex-date: 22 May 2024, Payment date: 22 May 2024. Aankondiging • Apr 21
Shenzhen AV-Display Co., Ltd., Annual General Meeting, May 10, 2024 Shenzhen AV-Display Co., Ltd., Annual General Meeting, May 10, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.26 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.26 in 1Q 2023). Revenue: CN¥224.2m (down 7.5% from 1Q 2023). Net income: CN¥24.1m (down 24% from 1Q 2023). Profit margin: 11% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 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¥24.18, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 45% over the past three years. Board Change • Apr 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. Director Tiehua Wang is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 30
Shenzhen AV-Display Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Shenzhen AV-Display Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Aankondiging • Mar 22
Shenzhen Av-Display Co., Ltd. Approves Board Appointments Shenzhen AV-Display Co., Ltd. at its first extraordinary general meeting of 2024 held on 18 March 2024, the shareholders approved election of Chai Guangyue and Yang Yibin as independent directors; Chen Wenjian and Jian Tingxian as non-independent directors and Zheng Rong and Li Jianfeng as non-employee supervisors. Board Change • Mar 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Pingping Song was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥36.12, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥27.85, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.04, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 51% over the past three years. Aankondiging • Jan 29
Shenzhen AV-Display Co., Ltd. (SZSE:300939) announces an Equity Buyback for CNY 50 million worth of its shares. Shenzhen AV-Display Co., Ltd. (SZSE:300939) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The shares will be repurchased at a price not more than CNY 51.52 per share. The shares repurchased will be used to implement employee stock ownership plans or equity incentives. The program will be valid for 12 months. Aankondiging • Dec 29
Shenzhen AV-Display Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Shenzhen AV-Display Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥42.45, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 44% over the past year. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.23 (vs CN¥0.48 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.23 (down from CN¥0.48 in 3Q 2022). Revenue: CN¥239.7m (down 17% from 3Q 2022). Net income: CN¥28.1m (down 52% from 3Q 2022). Profit margin: 12% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥31.87, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 41x in the Electronic industry in China. Negligible returns to shareholders over past year. Aankondiging • Sep 30
Shenzhen AV-Display Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shenzhen AV-Display Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.40 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.32 (down from CN¥0.40 in 2Q 2022). Revenue: CN¥260.7m (down 16% from 2Q 2022). Net income: CN¥37.6m (down 21% from 2Q 2022). Profit margin: 14% (in line with 2Q 2022). New Risk • Jul 11
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 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (38% accrual ratio). Minor Risk Dividend is not well covered by cash flows (114% cash payout ratio). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥44.31, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 30% over the past year. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥1.33 (vs CN¥0.93 in FY 2021) Full year 2022 results: EPS: CN¥1.33 (up from CN¥0.93 in FY 2021). Revenue: CN¥1.10b (flat on FY 2021). Net income: CN¥159.2m (up 45% from FY 2021). Profit margin: 14% (up from 9.9% in FY 2021). Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.48 (vs CN¥0.37 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.48 (up from CN¥0.37 in 3Q 2021). Revenue: CN¥289.5m (down 6.0% from 3Q 2021). Net income: CN¥58.7m (up 33% from 3Q 2021). Profit margin: 20% (up from 14% in 3Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥32.69, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 32x in the Electronic industry in China. Total returns to shareholders of 2.9% over the past year. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.22 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.40 (up from CN¥0.22 in 2Q 2021). Revenue: CN¥311.7m (up 10% from 2Q 2021). Net income: CN¥47.7m (up 81% from 2Q 2021). Profit margin: 15% (up from 9.3% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥40.16, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥33.25, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 9.1% over the past year. Aankondiging • May 14
Shenzhen AV-Display Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented on A Shares, Payable on 20 May 2022 Shenzhen AV-Display Co., Ltd. announced 2021 final profit distribution plan to be implemented on A shares: Cash dividend/10 shares (tax included) is CNY 6.00000000. Record date is 19 May 2022, Ex-date is 20 May 2022 and Payment date is 20 May 2022. Aankondiging • May 12
Shenzhen Av-Display Co., Ltd. Approves Cash Dividend for the Year 2021 Shenzhen AV-Display Co., Ltd. approved at its AGM held on May 6, 2022 final cash dividend of CNY 6.00000000 per 10 shares (tax included) for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.14 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.14 in 1Q 2021). Revenue: CN¥254.0m (up 18% from 1Q 2021). Net income: CN¥25.9m (up 150% from 1Q 2021). Profit margin: 10% (up from 4.8% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: CN¥1.40 (vs CN¥1.39 in FY 2020) Full year 2021 results: EPS: CN¥1.40 (up from CN¥1.39 in FY 2020). Revenue: CN¥1.11b (up 35% from FY 2020). Net income: CN¥109.7m (up 32% from FY 2020). Profit margin: 9.9% (in line with FY 2020). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥46.84, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 42x in the Electronic industry in China. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.55 (vs CN¥0.45 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥308.1m (up 36% from 3Q 2020). Net income: CN¥44.2m (up 65% from 3Q 2020). Profit margin: 14% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.45 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥282.7m (up 25% from 2Q 2020). Net income: CN¥26.4m (down 1.2% from 2Q 2020). Profit margin: 9.3% (down from 12% in 2Q 2020). The decrease in margin was driven by higher expenses. Aankondiging • May 21
Shenzhen AV-Display Co., Ltd., Announces Cash Dividend on its A share for the Year of 2020, Payable on 26 May 2021 Shenzhen AV-Display Co., Ltd. announced cash dividend/10 shares (tax included) of CNY 5.00000000 on its A shares for the year 2020. Record date is 25 May 2021, Ex-date is 26 May 2021 and Payment date is 26 May 2021. Aankondiging • May 16
Shenzhen AV-Display Co., Ltd. Approves Cash Dividend for the Year 2020 Shenzhen AV-Display Co., Ltd., at the AGM held on May 12, 2021 the company approved Cash dividend/10 shares (tax included) of CNY 5.00000000 for the year 2020. Aankondiging • Mar 21
Shenzhen Av-Display Co., Ltd. Announces Management Changes Shenzhen AV-Display Co., Ltd. held its 1st Extraordinary General Meeting of 2021 on 18 March 2021 board elected of non-independent directors, cumulative voting system applicable, Huang Zhiyi, Chen Wenjian, Wang Yabin, Wang Tiehua, election of independent directors, cumulative voting system applicable Zou Haiyan, Feng Qiang, Qian Keyuan, and election of shareholder supervisors, cumulative voting system applicable Chen Weijun, Yang Zhi. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥85.60, the stock is trading at a trailing P/E ratio of 60.2x, up from the previous P/E ratio of 47.2x. This compares to an average P/E of 40x in the Electronic industry in China.