Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.009 in FY 2024) Full year 2025 results: EPS: CN¥0.007 (down from CN¥0.009 in FY 2024). Revenue: CN¥193.4m (up 196% from FY 2024). Net income: CN¥4.07m (down 20% from FY 2024). Profit margin: 2.1% (down from 7.7% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 7.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 41% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Announcement • Apr 30
Harbin VITI Electronics Co., Ltd., Annual General Meeting, May 20, 2026 Harbin VITI Electronics Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Harbin, Heilongjiang China Announcement • Mar 30
Harbin VITI Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Harbin VITI Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Harbin VITI Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Harbin VITI Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 New Risk • Dec 16
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 7.5% 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 Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0 (vs CN¥0.002 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0 (improved from CN¥0.002 loss in 3Q 2024). Revenue: CN¥36.4m (up 238% from 3Q 2024). Net income: CN¥153.7k (up CN¥1.58m from 3Q 2024). Profit margin: 0.4% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 30
Harbin VITI Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Harbin VITI Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 21
Second quarter 2025 earnings released: CN¥0.001 loss per share (vs CN¥0.001 profit in 2Q 2024) Second quarter 2025 results: CN¥0.001 loss per share (down from CN¥0.001 profit in 2Q 2024). Revenue: CN¥35.8m (up 140% from 2Q 2024). Net loss: CN¥249.0k (down 142% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Harbin VITI Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 19, 2025 Harbin VITI Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 19, 2025 New Risk • May 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 64% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Apr 29
Harbin VITI Electronics Co., Ltd., Annual General Meeting, May 20, 2025 Harbin VITI Electronics Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Announcement • Mar 28
Harbin VITI Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Harbin VITI Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Harbin VITI Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Harbin VITI Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.002 loss per share (vs CN¥0 in 3Q 2023) Third quarter 2024 results: CN¥0.002 loss per share (further deteriorated from CN¥0 in 3Q 2023). Net loss: CN¥1.42m (loss widened CN¥1.19m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Harbin VITI Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Harbin VITI Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.006 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.006 in 2Q 2023). Net income: CN¥590.1k (down 78% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Harbin VITI Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024 Harbin VITI Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Announcement • May 01
Harbin VITI Electronics Co., Ltd., Annual General Meeting, May 22, 2024 Harbin VITI Electronics Co., Ltd., Annual General Meeting, May 22, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Haerbin, Heilongjiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.001 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.008 (up from CN¥0.001 loss in 1Q 2023). Revenue: CN¥20.5m (up 52% from 1Q 2023). Net income: CN¥4.38m (up CN¥4.95m from 1Q 2023). Profit margin: 21% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Harbin VITI Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Harbin VITI Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Dec 29
Harbin VITI Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Harbin VITI Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Nov 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 6x earnings per share. Dividend per share is over 16x cash flows per share. Earnings have declined by 57% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0 (vs CN¥0.004 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0 (down from CN¥0.004 in 3Q 2022). Revenue: CN¥13.2m (down 44% from 3Q 2022). Net loss: CN¥230.9k (down 110% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 30
Harbin VITI Electronics Co., Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Harbin VITI Electronics Co., Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.006 (vs CN¥0.002 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.006 (up from CN¥0.002 loss in 2Q 2022). Revenue: CN¥18.3m (up 29% from 2Q 2022). Net income: CN¥2.63m (up CN¥3.79m from 2Q 2022). Profit margin: 14% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% 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. New Risk • Jul 27
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 6.5% 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 Dividend is not well covered by earnings and cash flows. Dividend per share is over 8x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Announcement • Jul 25
Harbin VITI Electronics Plans to Acquire Suzhou-Based Battery Firm Harbin VITI Electronics Co., Ltd. (SHSE:603023) said it plans to acquire Suzhou-based battery firm via cash and share issue, transaction amount to be confirmed. Board Change • Jul 25
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Zhen Hua Chen is the most experienced director on the board, commencing their role in 2019. Independent Director Shiyang Gao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jun 28
Harbin VITI Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 24, 2023 Harbin VITI Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.001 loss per share (vs CN¥0.001 profit in 1Q 2022) First quarter 2023 results: CN¥0.001 loss per share (down from CN¥0.001 profit in 1Q 2022). Revenue: CN¥13.5m (up 12% from 1Q 2022). Net loss: CN¥564.8k (down 181% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Zhen Hua Chen is the most experienced director on the board, commencing their role in 2019. Independent Director Shiyang Gao was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.004 (vs CN¥0.004 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.004 (in line with 3Q 2021). Revenue: CN¥23.6m (up 71% from 3Q 2021). Net income: CN¥2.31m (up 13% from 3Q 2021). Profit margin: 9.8% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.003 loss in 2Q 2021) Second quarter 2022 results: CN¥0.002 loss per share (up from CN¥0.003 loss in 2Q 2021). Revenue: CN¥14.2m (up 2.8% from 2Q 2021). Net loss: CN¥1.16m (loss narrowed 39% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.012 (down from CN¥0.03 in FY 2020). Revenue: CN¥71.0m (down 16% from FY 2020). Net income: CN¥6.69m (down 57% from FY 2020). Profit margin: 9.4% (down from 19% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 8.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
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. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 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. 11 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.003 loss per share (vs CN¥0.012 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CN¥13.8m (down 41% from 2Q 2020). Net loss: CN¥1.91m (down 142% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 21
Full year 2020 earnings released: EPS CN¥0.03 (vs CN¥0.044 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥84.5m (down 39% from FY 2019). Net income: CN¥15.7m (down 31% from FY 2019). Profit margin: 19% (up from 17% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 55% 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. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥3.76 The company is down 17% from its price of CN¥4.51 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 08
New 90-day low: CN¥4.12 The company is down 12% from its price of CN¥4.70 on 09 October 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 6.0% over the same period. Announcement • Nov 06
Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) completed the acquisition of 21.43% stake in Harbin VITI Electronics Co., Ltd. (SHSE:603023) from Chen Zhenhua, Chen Qinghua, and Liu Guoping. Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) signed a share transfer agreement to acquire 21.43% stake in Harbin VITI Electronics Co., Ltd. (SHSE:603023) from Chen Zhenhua, Chen Qinghua, and Liu Guoping for approximately CNY 750 million on September 15, 2020. Lishui Jiuyou will acquire 120 million shares of Harbin VITI at CNY 6.23 per share and will pay with its own funds. Post deal completion, Chen Zhenhua and Chen Qinghua will have 31.02% and 3.42% stake respectively. As on September 23, 2020, The Management Committee of Lishui Economic and Technological Development Zone approvedthe transaction.
Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) completed the acquisition of 21.43% stake in Harbin VITI Electronics Co., Ltd. (SHSE:603023) from Chen Zhenhua, Chen Qinghua, and Liu Guoping on November 5, 2020. After the acquisition, Lishui Jiuyou Equity Investment Fund Partnership (Limited Partnership) holds 21.43% stake, Chen Zhenhua holds 31.02% stake and Chen Qinghua holds 3.42% stake in Harbin VITI Electronics Co., Ltd. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥11.4m, down 77% from the prior year. Total revenue was CN¥94.0m over the last 12 months, down 49% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥4.51 The company is down 16% from its price of CN¥5.35 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 9.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥4.68 The company is down 5.0% from its price of CN¥4.91 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 20% over the same period. Announcement • Jul 09
Harbin VITI Electronics Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Harbin VITI Electronics Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 
