Announcement • Jun 30
Jiangsu General Science Technology Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Jiangsu General Science Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 Board Change • May 20
Less than half of directors are independent 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. 3 independent directors (4 non-independent directors). Independent Director Rong Guang Cheng 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. Announcement • Apr 30
Jiangsu General Science Technology Co., Ltd., Annual General Meeting, May 20, 2026 Jiangsu General Science Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Announcement • Mar 30
Jiangsu General Science Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Jiangsu General Science Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Jiangsu General Science Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Jiangsu General Science Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Announcement • Sep 30
Jiangsu General Science Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu General Science Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Jiangsu General Science Technology Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Jiangsu General Science Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 30
Jiangsu General Science Technology Co., Ltd., Annual General Meeting, May 20, 2025 Jiangsu General Science Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 09:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Announcement • Mar 29
Guangzhou Industrial Investment Holdings Group cancelled the acquisition of 24.41% stake in Jiangsu General Science Technology Co., Ltd. (SHSE:601500) from Hongdou Group Co., Ltd. Guangzhou Industrial Investment Holdings Group signed a letter of intent to acquire 24.41% stake in Jiangsu General Science Technology Co., Ltd. (SHSE:601500) from Hongdou Group Co., Ltd. on January 22, 2025.
The specific transfer price, payment arrangements, share delivery, etc., shall be subject to the formal 'Share Transfer Agreement' signed by both parties.
Guangzhou Industrial Investment Holdings Group cancelled the acquisition of 24.41% stake in Jiangsu General Science Technology Co., Ltd. (SHSE:601500) from Hongdou Group Co., Ltd. on March 27, 2025. Announcement • Mar 28
Jiangsu General Science Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Jiangsu General Science Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Jiangsu General Science Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Jiangsu General Science Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.054 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.06. Revenue: CN¥1.92b (up 33% from 3Q 2023). Net income: CN¥93.3m (down 7.2% from 3Q 2023). Profit margin: 4.9% (down from 7.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥5.37, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 45% over the past year. Announcement • Sep 30
Jiangsu General Science Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Jiangsu General Science Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.081 (vs CN¥0.026 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.081 (up from CN¥0.026 in 2Q 2023). Revenue: CN¥1.62b (up 36% from 2Q 2023). Net income: CN¥133.7m (up 185% from 2Q 2023). Profit margin: 8.2% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Auto Components industry in China. Announcement • Jun 28
Jiangsu General Science Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Jiangsu General Science Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 27
Jiangsu General Science Technology Co., Ltd., Annual General Meeting, May 16, 2024 Jiangsu General Science Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 09:30 China Standard Time. Location: The Company's Meeting Room, Wuxi, Jiangsu China Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.01 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.01 in 1Q 2023). Revenue: CN¥1.44b (up 38% from 1Q 2023). Net income: CN¥152.8m (up CN¥141.7m from 1Q 2023). Profit margin: 11% (up from 1.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Auto Components industry in China. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.96, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 57% over the past year. Announcement • Mar 29
Jiangsu General Science Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu General Science Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Dec 29
Jiangsu General Science Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangsu General Science Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.054 (vs CN¥0.004 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.054 (up from CN¥0.004 in 3Q 2022). Revenue: CN¥1.44b (up 25% from 3Q 2022). Net income: CN¥100.5m (up CN¥95.9m from 3Q 2022). Profit margin: 7.0% (up from 0.4% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Sep 30
Jiangsu General Science Technology Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Jiangsu General Science Technology Co., Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.008 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.026 (up from CN¥0.008 in 2Q 2022). Revenue: CN¥1.19b (up 21% from 2Q 2022). Net income: CN¥46.9m (up 336% from 2Q 2022). Profit margin: 3.9% (up from 1.1% in 2Q 2022). Announcement • Jun 28
Jiangsu General Science Technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Jiangsu General Science Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.01 (vs CN¥0.008 in FY 2021) Full year 2022 results: EPS: CN¥0.01 (up from CN¥0.008 in FY 2021). Revenue: CN¥4.12b (down 3.2% from FY 2021). Net income: CN¥17.0m (up 46% from FY 2021). Profit margin: 0.4% (up from 0.3% in FY 2021). Board Change • Mar 15
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. Supervisor Mengjie Liu was the last 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. 
