Declared Dividend • Jun 06
Dividend of CN¥1.00 announced Shareholders will receive a dividend of CN¥1.00. Ex-date: 12th June 2026 Payment date: 12th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (62% 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 increased by an average of 10% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥106, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 41x in the Electronic industry in China. Total returns to shareholders of 350% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥107 per share. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Jianjun Zhang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 31
Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2025 Results on Mar 31, 2026 Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2025 results on Mar 31, 2026 Aankondiging • Sep 30
Avary Holding(Shenzhen)Co., Limited to Report Q3, 2025 Results on Oct 31, 2025 Avary Holding(Shenzhen)Co., Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Aankondiging • Jul 02
Avary Holding(Shenzhen)Co., Limited to Report First Half, 2025 Results on Aug 13, 2025 Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2025 results on Aug 13, 2025 Aankondiging • Jun 13
Avary Holding(Shenzhen)Co., Limited Announces Final Cash Dividend on A Shares for the Year 2024, Payable on 18 June 2025 Avary Holding(Shenzhen)Co., Limited announced final cash dividend of CNY 10.00 per 10 shares on A shares for the year 2024. Record date: 17 June 2025, Ex-date: 18 June 2025 and Payment date: 18 June 2025. Aankondiging • Apr 30
Avary Holding(Shenzhen)Co., Limited Appoints Chen-En Ko as Additional Director Avary Holding(Shenzhen)Co., Limited at its AGM held on April 29, 2025, elected Mr. Chen-En Ko as additional Director. Aankondiging • Apr 10
Avary Holding(Shenzhen)Co., Limited Proposes Final Cash Dividend for the Year 2024 Avary Holding(Shenzhen)Co., Limited announced on 09 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 10.00000000. Aankondiging • Apr 09
Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 29, 2025 Avary Holding(Shenzhen)Co., Limited, Annual General Meeting, Apr 29, 2025, at 14:30 China Standard Time. Location: Room 101, Factory Building A11, Pengding Park, Songluo Road, Yanchuan Community, Yanluo Subdistrict, Bao'an District, Shenzhen, Guangdong China Aankondiging • Mar 31
Avary Holding(Shenzhen)Co., Limited to Report Q1, 2025 Results on Apr 30, 2025 Avary Holding(Shenzhen)Co., Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Dec 31
Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2024 Results on Apr 19, 2025 Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.52 (vs CN¥0.45 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.52 (up from CN¥0.45 in 3Q 2023). Revenue: CN¥10.4b (up 16% from 3Q 2023). Net income: CN¥1.19b (up 15% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Revenue is forecast to grow 11% 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 fallen by 3% per year and the company’s share price has also fallen by 3% per year. Buy Or Sell Opportunity • Oct 25
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CN¥36.41. The fair value is estimated to be CN¥46.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Oct 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to CN¥35.17. The fair value is estimated to be CN¥46.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.77, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥46.43 per share. Aankondiging • Sep 30
Avary Holding(Shenzhen)Co., Limited to Report Q3, 2024 Results on Oct 31, 2024 Avary Holding(Shenzhen)Co., Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥6.44b (up 32% from 2Q 2023). Net income: CN¥287.0m (down 27% from 2Q 2023). Profit margin: 4.5% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 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 3% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock has risen 52% to CN¥36.73. The fair value is estimated to be CN¥46.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.5%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. New Risk • Jul 30
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
Avary Holding(Shenzhen)Co., Limited to Report First Half, 2024 Results on Aug 14, 2024 Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2024 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥37.95, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.48 per share. Declared Dividend • Jun 08
Dividend reduced to CN¥0.50 Dividend of CN¥0.50 is 29% lower than last year. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has remained flat since 5 years ago. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 08
Avary Holding(Shenzhen)Co., Limited Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 13 June 2024 Avary Holding(Shenzhen)Co., Limited announced final cash dividend/10 shares (tax included) of CNY 5.00000000 on A shares for the year 2023. Record date: 12 June 2024 Ex-date: 13 June 2024 and Payment date: 13 June 2024. Aankondiging • Apr 25
Avary Holding (Shenzhen) Approves Cash Dividend (Including Tax) Avary Holding (Shenzhen) at its shareholders meeting held on April 24, 2024, approved cash dividend (including tax) of RMB 5 per 10 shares. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥2.16 in FY 2022) Full year 2023 results: EPS: CN¥1.42 (down from CN¥2.16 in FY 2022). Revenue: CN¥32.1b (down 11% from FY 2022). Net income: CN¥3.29b (down 34% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% 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 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥1.42 (vs CN¥2.16 in FY 2022) Full year 2023 results: EPS: CN¥1.42 (down from CN¥2.16 in FY 2022). Revenue: CN¥32.1b (down 11% from FY 2022). Net income: CN¥3.29b (down 34% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% 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 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Aankondiging • Dec 29
Avary Holding(Shenzhen)Co., Limited to Report Fiscal Year 2023 Results on Mar 30, 2024 Avary Holding(Shenzhen)Co., Limited announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.81 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.45 (down from CN¥0.81 in 3Q 2022). Revenue: CN¥8.92b (down 16% from 3Q 2022). Net income: CN¥1.03b (down 44% from 3Q 2022). Profit margin: 12% (down from 17% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.17 (down from CN¥0.35 in 2Q 2022). Revenue: CN¥4.87b (down 32% from 2Q 2022). Net income: CN¥393.3m (down 53% from 2Q 2022). Profit margin: 8.1% (down from 12% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% 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 22% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Aankondiging • Jul 01
Avary Holding(Shenzhen)Co., Limited to Report First Half, 2023 Results on Aug 10, 2023 Avary Holding(Shenzhen)Co., Limited announced that they will report first half, 2023 results on Aug 10, 2023 Buying Opportunity • Jun 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be CN¥30.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Aankondiging • Jun 08
Avary Holding(Shenzhen)Co., Limited Implements Final Profit Distribution Plan of (A Shares) for 2022, Payable on 13 June 2023 Avary Holding(Shenzhen)Co., Limited announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 7.00000000. Record date: 12 June 2023, Ex-date: 13 June 2023, Payment date: 13 June 2023. Buying Opportunity • May 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥31.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 23% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥25.69, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.14 per share. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥33.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 7.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.07 per share. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: CN¥2.16 (vs CN¥1.43 in FY 2021) Full year 2022 results: EPS: CN¥2.16 (up from CN¥1.43 in FY 2021). Revenue: CN¥36.2b (up 8.7% from FY 2021). Net income: CN¥5.01b (up 51% from FY 2021). Profit margin: 14% (up from 10.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 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 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Zhang Ton-Lin 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 28
Third quarter 2022 earnings released: EPS: CN¥0.81 (vs CN¥0.45 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.81 (up from CN¥0.45 in 3Q 2021). Revenue: CN¥10.6b (up 17% from 3Q 2021). Net income: CN¥1.84b (up 76% from 3Q 2021). Profit margin: 17% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 14% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.35 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥7.11b (up 13% from 2Q 2021). Net income: CN¥833.2m (up 195% from 2Q 2021). Profit margin: 12% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 27% growth forecast for the industry in China. 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 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥34.48, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 2.2% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.26 (up from CN¥0.15 in 1Q 2021). Revenue: CN¥7.08b (up 24% from 1Q 2021). Net income: CN¥593.2m (up 69% from 1Q 2021). Profit margin: 8.4% (up from 6.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 25% growth forecast for the industry in China. Board Change • Apr 27
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Zhang Ton-Lin was the last independent director to join the board, commencing their role in 2022. 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 • Mar 19
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥1.43 (up from CN¥1.23 in FY 2020). Revenue: CN¥33.3b (up 12% from FY 2020). Net income: CN¥3.32b (up 17% from FY 2020). Profit margin: 10.0% (in line with FY 2020). Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 12%, compared to a 24% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.26 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.05b (up 23% from 3Q 2020). Net income: CN¥1.04b (up 78% from 3Q 2020). Profit margin: 12% (up from 8.0% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.21 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¥6.28b (up 2.1% from 2Q 2020). Net income: CN¥282.2m (down 42% from 2Q 2020). Profit margin: 4.5% (down from 7.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥35.15, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Electronic industry in China. Total loss to shareholders of 29% over the past year. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.13 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥5.69b (up 43% from 1Q 2020). Net income: CN¥351.1m (up 14% from 1Q 2020). Profit margin: 6.2% (down from 7.7% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥1.23 (vs CN¥1.27 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥29.9b (up 12% from FY 2019). Net income: CN¥2.84b (down 2.8% from FY 2019). Profit margin: 9.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Mar 11
New 90-day low: CN¥38.70 The company is down 26% from its price of CN¥51.96 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic 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¥25.66 per share. Reported Earnings • Feb 06
Full year 2020 earnings released: EPS CN¥1.22 (vs CN¥1.27 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥29.9b (up 12% from FY 2019). Net income: CN¥2.83b (down 3.2% from FY 2019). Profit margin: 9.5% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Feb 06
Revenue beats expectations Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 16%, compared to a 31% growth forecast for the Electronic industry in China. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥39.45 The company is down 24% from its price of CN¥51.91 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.87 per share. Is New 90 Day High Low • Jan 19
New 90-day low: CN¥46.36 The company is down 11% from its price of CN¥52.06 on 22 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.95 per share. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 15% share price gain to CN¥55.65, the stock is trading at a trailing P/E ratio of 49.2x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 45x in the Electronic industry in China. Total returns to shareholders over the past year are 9.2%. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.26 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥7.35b (down 8.1% from 3Q 2019). Net income: CN¥587.3m (down 46% from 3Q 2019). Profit margin: 8.0% (down from 14% in 3Q 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Oct 10
New 90-day high: CN¥58.84 The company is up 13% from its price of CN¥52.25 on 10 July 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥7.28 per share. Aankondiging • Jul 19
Avary Holding (Shenzhen) Co., Limited to Report First Half, 2020 Results on Aug 13, 2020 Avary Holding (Shenzhen) Co., Limited announced that they will report first half, 2020 results on Aug 13, 2020 
