Aankondiging • Jun 30
China Zhenhua (Group) Science & Technology Co., Ltd to Report First Half, 2026 Results on Aug 26, 2026 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report first half, 2026 results on Aug 26, 2026 Declared Dividend • Jun 26
Dividend increased to CN¥0.38 Dividend of CN¥0.38 is 111% higher than last year. Ex-date: 30th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 7.2% 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 7.2% 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 (8.6% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥47.16, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 38x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥53.38, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 40x in the Electronic industry in China. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.79 per share. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Head of Accounting Department & Employee Director Yitao Gan was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 29
China Zhenhua (Group) Science & Technology Co., Ltd, Annual General Meeting, May 19, 2026 China Zhenhua (Group) Science & Technology Co., Ltd, Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guiyang, Guizhou China Aankondiging • Mar 31
China Zhenhua (Group) Science & Technology Co., Ltd to Report Q1, 2026 Results on Apr 29, 2026 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 Aankondiging • Dec 31
China Zhenhua (Group) Science & Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Aankondiging • Sep 30
China Zhenhua (Group) Science & Technology Co., Ltd to Report Q3, 2025 Results on Oct 25, 2025 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Aankondiging • Jul 02
China Zhenhua (Group) Science & Technology Co., Ltd to Report First Half, 2025 Results on Aug 27, 2025 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Aankondiging • May 16
China Zhenhua (Group) Science & Technology Co., Ltd Approves Cash Dividend for 2024 China Zhenhua (Group) Science & Technology Co. Ltd. at its Annual General Meeting held on 14 May 2025 approved cash dividend of CNY 1.80000000 per 10 shares (tax included) for 2024. Aankondiging • Apr 25
China Zhenhua (Group) Science & Technology Co., Ltd Proposes Final Cash Dividend for 2024 China Zhenhua (Group) Science & Technology Co. Ltd. proposed final cash dividend of CNY 1.80000000 per 10 shares (tax included) for 2024. Aankondiging • Apr 24
China Zhenhua (Group) Science & Technology Co., Ltd, Annual General Meeting, May 14, 2025 China Zhenhua (Group) Science & Technology Co., Ltd, Annual General Meeting, May 14, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guiyang, Guizhou China Aankondiging • Mar 31
China Zhenhua (Group) Science & Technology Co., Ltd to Report Q1, 2025 Results on Apr 24, 2025 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Aankondiging • Dec 31
China Zhenhua (Group) Science & Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 24, 2025 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.99 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.40 (down from CN¥0.99 in 3Q 2023). Revenue: CN¥1.31b (down 24% from 3Q 2023). Net income: CN¥224.4m (down 57% from 3Q 2023). Profit margin: 17% (down from 31% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% 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 2% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥51.25, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥92.45 per share. Aankondiging • Sep 30
China Zhenhua (Group) Science & Technology Co., Ltd to Report Q3, 2024 Results on Oct 26, 2024 China Zhenhua (Group) Science & 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 22% After last week's 22% share price gain to CN¥39.70, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 59% over the past three years. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥1.53 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.58 (down from CN¥1.53 in 2Q 2023). Revenue: CN¥1.42b (down 36% from 2Q 2023). Net income: CN¥318.2m (down 60% from 2Q 2023). Profit margin: 23% (down from 36% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% 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 17% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥34.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.65 per share. Aankondiging • Jun 29
China Zhenhua (Group) Science & Technology Co., Ltd to Report First Half, 2024 Results on Aug 24, 2024 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report first half, 2024 results on Aug 24, 2024 Aankondiging • Jun 23
China Zhenhua (Group) Science & Technology Co., Ltd. Announces Cash Dividend on Share A for 2023, Payable on 28 June 2024 China Zhenhua (Group) Science & Technology Co. Ltd. announced cash dividend/10 shares (tax included): CNY 11.14000000 on share A for 2023. Record date: 27 June 2024, Ex-date: 28 June 2024, Payment date: 28 June 2024. Aankondiging • Apr 29
China Zhenhua (Group) Science & Technology Co., Ltd, Annual General Meeting, May 17, 2024 China Zhenhua (Group) Science & Technology Co., Ltd, Annual General Meeting, May 17, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guiyang, Guizhou China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥1.41 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18 (down from CN¥1.41 in 1Q 2023). Revenue: CN¥1.01b (down 52% from 1Q 2023). Net income: CN¥101.9m (down 86% from 1Q 2023). Profit margin: 10% (down from 35% in 1Q 2023). The decrease in margin was driven by lower 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 increased by 30% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 30
China Zhenhua (Group) Science & Technology Co., Ltd to Report Q1, 2024 Results on Apr 27, 2024 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥57.36, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 4.2% over the past three years. Aankondiging • Dec 29
China Zhenhua (Group) Science & Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Oct 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% 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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.99 (vs CN¥1.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.99 (down from CN¥1.14 in 3Q 2022). Revenue: CN¥1.72b (down 7.9% from 3Q 2022). Net income: CN¥528.2m (down 11% from 3Q 2022). Profit margin: 31% (in line with 3Q 2022). Revenue is forecast to grow 24% 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 50% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥68.68, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 44% over the past three years. Aankondiging • Sep 30
China Zhenhua (Group) Science & Technology Co., Ltd to Report Q3, 2023 Results on Oct 27, 2023 China Zhenhua (Group) Science & Technology Co., Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥1.53 (vs CN¥1.29 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.53 (up from CN¥1.29 in 2Q 2022). Revenue: CN¥2.21b (up 13% from 2Q 2022). Net income: CN¥795.6m (up 20% from 2Q 2022). Profit margin: 36% (up from 34% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 24% 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 59% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 06
China Zhenhua (Group) Science & Technology Co., Ltd Announces Final Cash Dividend on A Shares for 2022, Payable on 09 June 2023 China Zhenhua (Group) Science & Technology Co. Ltd. announced 2022 final distribution plan to be implemented (A shares) of cash dividend per 10 A shares (tax included) of CNY 11.45000000. Record date: 08 June 2023. Ex-date: 09 June 2023. Payment date: 09 June 2023. Aankondiging • May 20
China Zhenhua (Group) Science & Technology Co., Ltd Approves Cash Dividend for 2022 China Zhenhua (Group) Science & Technology Co. Ltd. at its Annual General Meeting of 2022 held on 18 May 2023, approved cash dividend/10 shares (tax included): CNY 11.45000000. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥1.41 (vs CN¥1.17 in 1Q 2022) First quarter 2023 results: EPS: CN¥1.41 (up from CN¥1.17 in 1Q 2022). Revenue: CN¥2.10b (up 12% from 1Q 2022). Net income: CN¥734.6m (up 21% from 1Q 2022). Profit margin: 35% (up from 32% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% 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 65% per year whereas the company’s share price has increased by 64% per year. Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Liming Yang 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 29
Third quarter 2022 earnings released: EPS: CN¥1.14 (vs CN¥0.85 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.14 (up from CN¥0.85 in 3Q 2021). Revenue: CN¥1.87b (up 30% from 3Q 2021). Net income: CN¥590.7m (up 34% from 3Q 2021). Profit margin: 32% (in line with 3Q 2021). Revenue is forecast to grow 24% 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 74% per year but the company’s share price has increased by 102% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥1.29 (vs CN¥0.52 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.29 (up from CN¥0.52 in 2Q 2021). Revenue: CN¥1.95b (up 29% from 2Q 2021). Net income: CN¥665.6m (up 148% from 2Q 2021). Profit margin: 34% (up from 18% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 27%, compared to a 27% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥1.17 (vs CN¥0.48 in 1Q 2021) First quarter 2022 results: EPS: CN¥1.17 (up from CN¥0.48 in 1Q 2021). Revenue: CN¥1.89b (up 44% from 1Q 2021). Net income: CN¥607.3m (up 146% from 1Q 2021). Profit margin: 32% (up from 19% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥2.90 (up from CN¥1.18 in FY 2020). Revenue: CN¥5.66b (up 43% from FY 2020). Net income: CN¥1.49b (up 147% from FY 2020). Profit margin: 26% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 31%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Chuanli Yu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.85 (vs CN¥0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.43b (up 37% from 3Q 2020). Net income: CN¥440.3m (up 258% from 3Q 2020). Profit margin: 31% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.52 (vs CN¥0.24 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.51b (up 33% from 2Q 2020). Net income: CN¥268.7m (up 115% from 2Q 2020). Profit margin: 18% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥102, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 702% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥62.02 per share. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥73.00, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 29x in the Communications industry in China. Total returns to shareholders of 425% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥63.17 per share. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.31b (up 47% from 1Q 2020). Net income: CN¥246.7m (up 123% from 1Q 2020). Profit margin: 19% (up from 13% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 12
Full year 2020 earnings released: EPS CN¥1.18 (vs CN¥0.53 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.95b (up 19% from FY 2019). Net income: CN¥605.6m (up 124% from FY 2019). Profit margin: 15% (up from 8.2% in FY 2019). 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 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥48.77, the stock is trading at a trailing P/E ratio of 75.8x, down from the previous P/E ratio of 89.4x. This compares to an average P/E of 48x in the Communications industry in China. Total returns to shareholders over the past three years are 277%. Is New 90 Day High Low • Jan 28
New 90-day high: CN¥65.78 The company is up 58% from its price of CN¥41.75 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.74 per share. Is New 90 Day High Low • Dec 22
New 90-day high: CN¥50.36 The company is up 9.0% from its price of CN¥46.00 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.88 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥307.8m, down 16% from the prior year. Total revenue was CN¥3.38b over the last 12 months, down 16% from the prior year. 
