Board Change • May 20
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. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Chang Sheng Zhou was the last independent director to join the board, commencing their role in 2024. 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 22
Shanghai SK Automation Technology Co.,Ltd announced that it expects to receive CNY 300 million in funding Shanghai SK Automation Technology Co.,Ltd announced a private placement of not more than 30% of total share capital A Shares of the company at a price per share of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of CNY 300,000,000 on April 20, 2026. The transaction involves participation from not more than 35 investors. The transaction has been approved the 7th Meeting of the 4th Directorate and is subject to obtain approval in the Company’s Annual Shareholders Meeting of 2025. The shares cannot be transferred within 6 months from the issuance closing date. Announcement • Apr 21
Shanghai SK Automation Technology Co.,Ltd, Annual General Meeting, May 11, 2026 Shanghai SK Automation Technology Co.,Ltd, Annual General Meeting, May 11, 2026, at 14:00 China Standard Time. Location: 3F, No. 6201, Wenxiang Road, Songjiang District, Shanghai China Announcement • Mar 30
Shanghai SK Automation Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shanghai SK Automation Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Shanghai SK Automation Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026 Shanghai SK Automation Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026 Announcement • Sep 30
Shanghai SK Automation Technology Co.,Ltd to Report Q3, 2025 Results on Oct 30, 2025 Shanghai SK Automation Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Shanghai SK Automation Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Shanghai SK Automation Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 18
Shanghai SK Automation Technology Co.,Ltd, Annual General Meeting, May 08, 2025 Shanghai SK Automation Technology Co.,Ltd, Annual General Meeting, May 08, 2025, at 14:00 China Standard Time. Location: 3F, No. 6201, Wenxiang Road, Songjiang District, Shanghai China Announcement • Mar 28
Shanghai SK Automation Technology Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shanghai SK Automation Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shanghai SK Automation Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 18, 2025 Shanghai SK Automation Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 18, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥47.90, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Auto Components industry in China. Total returns to shareholders of 44% over the past year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.47 (up from CN¥0.17 in 3Q 2023). Revenue: CN¥670.5m (up 15% from 3Q 2023). Net income: CN¥58.5m (up 192% from 3Q 2023). Profit margin: 8.7% (up from 3.4% in 3Q 2023). Revenue is forecast to grow 27% 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 • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥39.14, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Auto Components industry in China. Total returns to shareholders of 31% over the past year. Buy Or Sell Opportunity • Oct 11
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CN¥37.65. The fair value is estimated to be CN¥47.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 39% in a year. Earnings are forecast to grow by 90% in the next year. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥42.03, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Auto Components industry in China. Total returns to shareholders of 34% over the past year. Announcement • Sep 30
Shanghai SK Automation Technology Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shanghai SK Automation Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.68 (vs CN¥0.12 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.68 (up from CN¥0.12 loss in 2Q 2023). Revenue: CN¥683.2m (up 15% from 2Q 2023). Net income: CN¥81.2m (up CN¥92.5m from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). 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. Announcement • Jun 28
Shanghai SK Automation Technology Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Shanghai SK Automation Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to CN¥39.53, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Auto Components industry in China. Total loss to shareholders of 25% over the past year. Reported Earnings • May 01
Full year 2023 earnings released: EPS: CN¥0.52 (vs CN¥1.24 loss in FY 2022) Full year 2023 results: EPS: CN¥0.52 (up from CN¥1.24 loss in FY 2022). Revenue: CN¥2.45b (up 36% from FY 2022). Net income: CN¥40.0m (up CN¥134.4m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Auto Components industry in China. Announcement • May 01
Shanghai SK Automation Technology Co., Ltd., Annual General Meeting, May 20, 2024 Shanghai SK Automation Technology Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: 3F, No. 6201, Wenxiang Road, Songjiang District, Shanghai China New Risk • Apr 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • Mar 30
Shanghai SK Automation Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shanghai SK Automation Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥0.54 (vs CN¥1.24 loss in FY 2022) Full year 2023 results: EPS: CN¥0.54 (up from CN¥1.24 loss in FY 2022). Revenue: CN¥2.45b (up 36% from FY 2022). Net income: CN¥41.2m (up CN¥135.6m from FY 2022). Profit margin: 1.7% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Auto Components industry in China. 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. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.24 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.24 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥582.3m (down 17% from 3Q 2022). Net income: CN¥20.1m (up 128% from 3Q 2022). Profit margin: 3.4% (up from 1.2% in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Oct 24
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 6.4% 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 Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 51% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). New Risk • Aug 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). Earnings have declined by 51% per year over the past 5 years. Announcement • Jun 28
Shanghai SK Automation Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Shanghai SK Automation Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
Full year 2022 earnings released: CN¥1.24 loss per share (vs CN¥0.93 profit in FY 2021) Full year 2022 results: CN¥1.24 loss per share (down from CN¥0.93 profit in FY 2021). Revenue: CN¥1.81b (up 64% from FY 2021). Net loss: CN¥94.4m (down 235% from profit in FY 2021). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Auto Components industry in China. Board Change • Mar 14
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. 6 non-independent directors. Independent Director Hongxiang Wang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
