Aankondiging • Jun 30
Shenzhen Longtech Smart Control Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 New Risk • Jun 08
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 8.3% 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 2.5% per year over the past 5 years. High level of non-cash earnings (46% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin). Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥28.21, the stock trades at a trailing P/E ratio of 55.5x. Average trailing P/E is 74x in the Electronic industry in China. Total loss to shareholders of 5.1% over the past three years. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. GM & Director Furong Fang was the last 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: Insufficient board refreshment. Aankondiging • Mar 31
Shenzhen Longtech Smart Control Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Aankondiging • Dec 31
Shenzhen Longtech Smart Control Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Aankondiging • Sep 30
Shenzhen Longtech Smart Control Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Aankondiging • Jul 02
Shenzhen Longtech Smart Control Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Aankondiging • Apr 25
Shenzhen Longtech Smart Control Co., Ltd., Annual General Meeting, May 15, 2025 Shenzhen Longtech Smart Control Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Aankondiging • Mar 31
Shenzhen Longtech Smart Control Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Aankondiging • Dec 31
Shenzhen Longtech Smart Control Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Buy Or Sell Opportunity • Nov 07
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to CN¥33.74. The fair value is estimated to be CN¥25.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.21 in 3Q 2023). Revenue: CN¥323.1m (up 59% from 3Q 2023). Net income: CN¥21.1m (down 30% from 3Q 2023). Profit margin: 6.5% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥25.66, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 41x in the Electronic industry in China. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥26.88, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 1.8% over the past year. Aankondiging • Sep 30
Shenzhen Longtech Smart Control Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.18 in 2Q 2023). Revenue: CN¥481.6m (up 124% from 2Q 2023). Net income: CN¥42.8m (up 48% from 2Q 2023). Profit margin: 8.9% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.19, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 11% over the past year. Aankondiging • Jun 29
Shenzhen Longtech Smart Control Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥23.00, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 39x in the Electronic industry in China. Total loss to shareholders of 14% over the past year. Aankondiging • Mar 30
Shenzhen Longtech Smart Control Co., Ltd. to Report Q1, 2024 Results on Apr 12, 2024 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report Q1, 2024 results on Apr 12, 2024 Aankondiging • Mar 23
Shenzhen Longtech Smart Control Co., Ltd., Annual General Meeting, Apr 23, 2024 Shenzhen Longtech Smart Control Co., Ltd., Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Agenda: To consider the 2023 work report of the board of directors; to consider the 2023 work report of the supervisory committee; to consider the 2023 annual accounts report; to consider the 2023 annual report and its summary; to consider the 2023 profit distribution plan; and to consider the amendments to the Company's articles of association. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: CN¥0.75 (vs CN¥1.26 in FY 2022) Full year 2023 results: EPS: CN¥0.75 (down from CN¥1.26 in FY 2022). Revenue: CN¥1.03b (down 20% from FY 2022). Net income: CN¥108.5m (down 40% from FY 2022). Profit margin: 11% (down from 14% in FY 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.52, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 34x in the Electronic industry in China. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to CN¥13.15, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 30x in the Electronic industry in China. 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 6.9% 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: Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥19.40, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 41x in the Electronic industry in China. Aankondiging • Dec 29
Shenzhen Longtech Smart Control Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Shenzhen Longtech Smart Control Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Oct 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (111% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.42 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (down from CN¥0.42 in 3Q 2022). Revenue: CN¥203.6m (down 49% from 3Q 2022). Net income: CN¥30.2m (down 51% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.39 in 2Q 2022). Revenue: CN¥214.7m (down 33% from 2Q 2022). Net income: CN¥28.9m (down 48% from 2Q 2022). Profit margin: 14% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Aankondiging • Jun 23
Shenzhen Longtech Smart Control Co., Ltd. Announces 2022 Final Cash Profit Distribution Plan to Be Implemented (A Shares), Payable on 30 June 2023 Shenzhen Longtech Smart Control Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 5.00000000. Record date: 29 June 2023. Ex-date: 30 June 2023. Payment date: 30 June 2023. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥51.98, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 38x in the Electronic industry in China. Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: CN¥1.89 (vs CN¥1.47 in FY 2021) Full year 2022 results: EPS: CN¥1.89 (up from CN¥1.47 in FY 2021). Revenue: CN¥1.29b (up 35% from FY 2021). Net income: CN¥180.8m (up 28% from FY 2021). Profit margin: 14% (in line with FY 2021). Board Change • Mar 14
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. 4 experienced directors. No highly experienced directors. Director Mei Hua Lan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 
