Reported Earnings • Apr 25
Full year 2025 earnings released: CN¥1.21 loss per share (vs CN¥0.98 loss in FY 2024) Full year 2025 results: CN¥1.21 loss per share (further deteriorated from CN¥0.98 loss in FY 2024). Revenue: CN¥762.4m (up 28% from FY 2024). Net loss: CN¥116.2m (loss widened 24% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 25
Henan Carve Electronics Technology Co., Ltd., Annual General Meeting, May 18, 2026 Henan Carve Electronics Technology Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: Technology Building, Shanan Industrial Cluster Area, Shenqiu County, Henan China New Risk • Apr 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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥165m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 71% per year over the past 5 years. Aankondiging • Mar 31
Henan Carve Electronics Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Henan Carve Electronics Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥165m free cash flow). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 71% per year over the past 5 years. Aankondiging • Dec 31
Henan Carve Electronics Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Henan Carve Electronics Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Nov 27
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 9.4% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥165m free cash flow). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 71% per year over the past 5 years. Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.15 loss per share (vs CN¥0.19 loss in 3Q 2024) Third quarter 2025 results: CN¥0.15 loss per share (improved from CN¥0.19 loss in 3Q 2024). Revenue: CN¥195.1m (down 12% from 3Q 2024). Net loss: CN¥14.5m (loss narrowed 22% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 30
Henan Carve Electronics Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Henan Carve Electronics Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Aankondiging • Jul 02
Henan Carve Electronics Technology Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Henan Carve Electronics Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Reported Earnings • Apr 24
Full year 2024 earnings released: CN¥0.98 loss per share (vs CN¥0.59 loss in FY 2023) Full year 2024 results: CN¥0.98 loss per share (further deteriorated from CN¥0.59 loss in FY 2023). Revenue: CN¥596.1m (up 9.1% from FY 2023). Net loss: CN¥93.5m (loss widened 65% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 130 percentage points per year, which is a significant difference in performance. Aankondiging • Apr 24
Henan Carve Electronics Technology Co., Ltd., Annual General Meeting, May 15, 2025 Henan Carve Electronics Technology Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhoukou, Henan China Aankondiging • Mar 31
Henan Carve Electronics Technology Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Henan Carve Electronics Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (16% average weekly change). Aankondiging • Dec 31
Henan Carve Electronics Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Henan Carve Electronics Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.13 loss in 3Q 2023) Third quarter 2024 results: CN¥0.19 loss per share (further deteriorated from CN¥0.13 loss in 3Q 2023). Revenue: CN¥221.3m (up 60% from 3Q 2023). Net loss: CN¥18.6m (loss widened 47% from 3Q 2023). Aankondiging • Sep 30
Henan Carve Electronics Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Henan Carve Electronics Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Aankondiging • Jun 29
Henan Carve Electronics Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Henan Carve Electronics Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Aankondiging • Apr 30
Henan Carve Electronics Technology Co., Ltd., Annual General Meeting, May 22, 2024 Henan Carve Electronics Technology Co., Ltd., Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhoukou, Henan China Reported Earnings • Apr 29
Full year 2023 earnings released: CN¥0.59 loss per share (vs CN¥0.34 profit in FY 2022) Full year 2023 results: CN¥0.59 loss per share (down from CN¥0.34 profit in FY 2022). Revenue: CN¥546.3m (up 8.3% from FY 2022). Net loss: CN¥56.8m (down 276% from profit in FY 2022). Reported Earnings • Apr 12
Full year 2023 earnings released: CN¥0.60 loss per share (vs CN¥0.34 profit in FY 2022) Full year 2023 results: CN¥0.60 loss per share (down from CN¥0.34 profit in FY 2022). Revenue: CN¥546.3m (up 8.3% from FY 2022). Net loss: CN¥59.4m (down 284% from profit in FY 2022). Aankondiging • Mar 30
Henan Carve Electronics Technology Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Henan Carve Electronics Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Aankondiging • Dec 30
Henan Carve Electronics Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Henan Carve Electronics Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.13 loss per share (vs CN¥0.055 profit in 3Q 2022) Third quarter 2023 results: CN¥0.13 loss per share (down from CN¥0.055 profit in 3Q 2022). Revenue: CN¥138.6m (up 6.8% from 3Q 2022). Net loss: CN¥12.6m (down 341% from profit in 3Q 2022). Aankondiging • Sep 30
Henan Carve Electronics Technology Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Henan Carve Electronics Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 New Risk • Aug 31
New major risk - Revenue and earnings growth Earnings have declined by 8.2% 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 8.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.14 loss per share (vs CN¥0.18 profit in 2Q 2022) Second quarter 2023 results: CN¥0.14 loss per share (down from CN¥0.18 profit in 2Q 2022). Revenue: CN¥134.8m (flat on 2Q 2022). Net loss: CN¥13.4m (down 176% from profit in 2Q 2022). New Risk • Jul 18
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 7.6% 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 Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.3% net profit margin). Aankondiging • May 13
Henan Carve Electronics Technology Co., Ltd. Approves Cash Dividend for the Year 2022 Henan Carve Electronics Technology Co., Ltd. announced at annual general meeting held on May 9, 2023, the shareholders approved cash dividend of CNY 1.00000000 per ten shares (tax included) for the year 2022. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.76 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (down from CN¥0.76 in FY 2021). Revenue: CN¥504.6m (down 18% from FY 2021). Net income: CN¥32.3m (down 41% from FY 2021). Profit margin: 6.4% (down from 8.9% in FY 2021). The decrease in margin was driven by lower revenue. Aankondiging • Dec 07
Henan Carve Electronics Technology Co., Ltd. Approves Board Appointments Henan Carve Electronics Technology Co., Ltd. announced that at its Extraordinary General Meeting of 2022 held on 05 December 2022, elected Xu Liangjun, Mei Xianzhong as independent directors, and Wu Yuhui, Zhao Jian elected as non-employee supervisors. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zhi Yuan Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.055 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.055 (down from CN¥0.20 in 3Q 2021). Revenue: CN¥129.7m (down 19% from 3Q 2021). Net income: CN¥5.24m (down 64% from 3Q 2021). Profit margin: 4.0% (down from 9.1% in 3Q 2021). Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥4.66 (vs CN¥4.57 in 2Q 2021) Second quarter 2022 results: EPS: CN¥4.66. Revenue: CN¥27.0b (up 50% from 2Q 2021). Net income: CN¥1.79b (down 22% from 2Q 2021). Profit margin: 6.6% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Aankondiging • May 27
Henan Carve Electronics Technology Co., Ltd. Implements Cash Dividend (A Shares) for 2021, Payable on 02 June 2022 Henan Carve Electronics Technology Co., Ltd. implemented Cash dividend (A shares) of CNY 3.00000000 per 10 shares (tax included) for 2021, payable on 02 June 2022 with Record date of 01 June 2022 and Ex-date of 02 June 2022. Aankondiging • May 12
Henan Carve Electronics Technology Co., Ltd. Approves Cash Dividend for 2021 Henan Carve Electronics Technology Co., Ltd. at the AGM held on May 6, 2022, approved Cash dividend per 10 shares (tax included) of CNY 3.00000000 for 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.096 (vs CN¥0.18 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.096 (down from CN¥0.18 in 1Q 2021). Revenue: CN¥104.6m (down 29% from 1Q 2021). Net income: CN¥9.21m (down 28% from 1Q 2021). Profit margin: 8.8% (up from 8.7% in 1Q 2021). Aankondiging • Apr 13
Henan Carve Electronics Technology Co., Ltd. Announces Profit Distribution Proposal for 2021 Henan Carve Electronics Technology Co., Ltd. announced on 12 April 2022 the profit distribution proposal for 2021 as follows: Cash dividend/10 shares (tax included): CNY 3.00000000. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: CN¥0.76 (vs CN¥0.57 in FY 2020) Full year 2021 results: EPS: CN¥0.76 (up from CN¥0.57 in FY 2020). Revenue: CN¥615.5m (up 41% from FY 2020). Net income: CN¥54.7m (up 34% from FY 2020). Profit margin: 8.9% (down from 9.3% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥28.89, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 41x in the Electronic industry in China.