New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% 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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Apr 24
Shenzhen MTC Co., Ltd., Annual General Meeting, May 22, 2026 Shenzhen MTC Co., Ltd., Annual General Meeting, May 22, 2026, at 15:00 China Standard Time. Location: 5F, Tower B, No. 128, Bulan Road, Longgang District, Shenzhen, Guangdong China Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.046 (vs CN¥0.074 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.046 (down from CN¥0.074 in 1Q 2025). Revenue: CN¥4.18b (up 12% from 1Q 2025). Net income: CN¥209.6m (down 37% from 1Q 2025). Profit margin: 5.0% (down from 9.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. 
