Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥13.17, the stock trades at a trailing P/E ratio of 45.4x. Average trailing P/E is 79x in the Electronic industry in China. Total returns to shareholders of 60% over the past three years. New Risk • Jul 02
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 8.8% 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 12% per year over the past 5 years. High level of non-cash earnings (94% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Aankondiging • Jun 30
Shenzhen Laibao Hi-Tech Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.07, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 82x in the Electronic industry in China. Total returns to shareholders of 76% over the past three years. Declared Dividend • Jun 12
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 17th June 2026 Payment date: 17th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (34% 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 remained flat since 9 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 62% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years. Aankondiging • Jun 11
Shenzhen Laibao Hi-Tech Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2025, Payable on 17 June 2026 Shenzhen Laibao Hi-Tech Co., Ltd. announced final cash dividend of CNY 1.00000000 per 10 A shares (tax included) for the Year 2025. Record date: 16 June 2026; Ex-date: 17 June 2026; and Payment date: 17 June 2026. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.52, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 75x in the Electronic industry in China. Total returns to shareholders of 68% over the past three years. Aankondiging • Apr 04
Shenzhen Laibao Hi-Tech Co., Ltd. announced that it expects to receive CNY 2.5 billion in funding Shenzhen Laibao Hi-Tech Co., Ltd. announces a private placement to issue not more than 211,744,848 A shares at a price not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 2,500,000,000 on April 3, 2026. It includes not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. This has been approved in the 8th Meeting of the Company’s 9th Directorate, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Aankondiging • Apr 03
Shenzhen Laibao Hi-Tech Co., Ltd., Annual General Meeting, Apr 24, 2026 Shenzhen Laibao Hi-Tech Co., Ltd., Annual General Meeting, Apr 24, 2026, at 14:00 China Standard Time. Aankondiging • Mar 31
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Aankondiging • Dec 31
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Aankondiging • Sep 30
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Aankondiging • Jul 02
Shenzhen Laibao Hi-Tech Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • Apr 01
Shenzhen Laibao Hi-Tech Co., Ltd. Proposes Final Cash Distribution for 2024 Shenzhen Laibao Hi-Tech Co., Ltd. announced on 31 March 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY1.00000000. Aankondiging • Mar 31
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Aankondiging • Mar 29
Shenzhen Laibao Hi-Tech Co., Ltd., Annual General Meeting, Apr 23, 2025 Shenzhen Laibao Hi-Tech Co., Ltd., Annual General Meeting, Apr 23, 2025, at 14:00 China Standard Time. Location: 3F, Office Building, Phase II, No. 9, Guangyuan 4th Road, Guangming District, Shenzhen, Guangdong China Aankondiging • Dec 31
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.14 (down from CN¥0.15 in 3Q 2023). Revenue: CN¥1.48b (flat on 3Q 2023). Net income: CN¥98.2m (down 7.0% from 3Q 2023). Profit margin: 6.6% (down from 7.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥9.42, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 38x in the Electronic industry in China. Negligible returns to shareholders over past three years. Aankondiging • Sep 30
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.25 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.25 in 2Q 2023). Revenue: CN¥1.47b (down 8.3% from 2Q 2023). Net income: CN¥93.5m (down 47% from 2Q 2023). Profit margin: 6.4% (down from 11% in 2Q 2023). 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 but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 29
Shenzhen Laibao Hi-Tech Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • Jun 15
Dividend increased to CN¥0.25 Dividend of CN¥0.25 is 25% higher than last year. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.03 in 1Q 2023). Revenue: CN¥1.47b (up 27% from 1Q 2023). Net income: CN¥117.4m (up 448% from 1Q 2023). Profit margin: 8.0% (up from 1.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% 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. Buy Or Sell Opportunity • Apr 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to CN¥9.23. The fair value is estimated to be CN¥11.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.53 (vs CN¥0.52 in FY 2022) Full year 2023 results: EPS: CN¥0.53 (up from CN¥0.52 in FY 2022). Revenue: CN¥5.59b (down 9.2% from FY 2022). Net income: CN¥376.0m (up 2.5% from FY 2022). Profit margin: 6.7% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥7.51, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years. Aankondiging • Dec 30
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Board Change • Nov 30
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Non-Independent Director Yukui Wang 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. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.086 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.086 in 3Q 2022). Revenue: CN¥1.47b (up 14% from 3Q 2022). Net income: CN¥105.5m (up 74% from 3Q 2022). Profit margin: 7.2% (up from 4.7% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% 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 • Sep 30
Shenzhen Laibao Hi-Tech Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Shenzhen Laibao Hi-Tech Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.24 in 2Q 2022). Revenue: CN¥1.60b (down 20% from 2Q 2022). Net income: CN¥176.0m (up 5.3% from 2Q 2022). Profit margin: 11% (up from 8.4% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Aankondiging • Jun 03
Shenzhen Laibao Hi-Tech Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 09 June 2023 Shenzhen Laibao Hi-Tech Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2022, payable on 09 June 2023. Record date is 08 June 2023. Ex-date is 09 June 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.11 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.11 in 1Q 2022). Revenue: CN¥1.15b (down 27% from 1Q 2022). Net income: CN¥21.4m (down 73% from 1Q 2022). Profit margin: 1.9% (down from 4.9% in 1Q 2022). The decrease in margin was driven by lower 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 • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Zhiqing Xu 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 30
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.16 in 3Q 2021). Revenue: CN¥1.37b (down 27% from 3Q 2021). Net income: CN¥110.7m (flat on 3Q 2021). Profit margin: 8.1% (up from 5.9% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Oct 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Zhiqing Xu 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 • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.24 (vs CN¥0.19 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.24 (up from CN¥0.19 in 2Q 2021). Revenue: CN¥2.00b (up 7.4% from 2Q 2021). Net income: CN¥167.2m (up 26% from 2Q 2021). Profit margin: 8.4% (up from 7.2% in 2Q 2021). 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 only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.23 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.23 in 1Q 2021). Revenue: CN¥1.59b (down 16% from 1Q 2021). Net income: CN¥78.3m (down 51% from 1Q 2021). Profit margin: 4.9% (down from 8.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: CN¥0.70 (vs CN¥0.62 in FY 2020) Full year 2021 results: EPS: CN¥0.70 (up from CN¥0.62 in FY 2020). Revenue: CN¥7.68b (up 14% from FY 2020). Net income: CN¥491.1m (up 12% from FY 2020). Profit margin: 6.4% (down from 6.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥10.23, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 41x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥1.88b (up 1.6% from 3Q 2020). Net income: CN¥111.5m (up 33% from 3Q 2020). Profit margin: 5.9% (up from 4.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.19 (vs CN¥0.23 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¥1.86b (up 11% from 2Q 2020). Net income: CN¥132.9m (down 20% from 2Q 2020). Profit margin: 7.2% (down from 9.9% 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 36% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.095 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.90b (up 74% from 1Q 2020). Net income: CN¥160.7m (up 140% from 1Q 2020). Profit margin: 8.5% (up from 6.1% 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 42% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.62 (vs CN¥0.40 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.75b (up 41% from FY 2019). Net income: CN¥438.1m (up 55% from FY 2019). Profit margin: 6.5% (up from 5.9% 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 40% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥10.34 The company is down 18% from its price of CN¥12.59 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥10.67 The company is down 21% from its price of CN¥13.44 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥11.12 The company is down 21% from its price of CN¥14.12 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 18
New 90-day low: CN¥12.06 The company is down 25% from its price of CN¥16.03 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥369.3m, up 31% from the prior year. Total revenue was CN¥5.99b over the last 12 months, up 28% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥13.38 The company is down 3.0% from its price of CN¥13.81 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. 
