New Risk • May 03
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 7.9% 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: Major Risk Earnings have declined by 32% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.015 profit in FY 2024) Full year 2025 results: CN¥0.11 loss per share (down from CN¥0.015 profit in FY 2024). Revenue: CN¥449.2m (up 33% from FY 2024). Net loss: CN¥73.0m (down CN¥82.6m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 29
Tianjin Hi-Tech Development Co., Ltd., Annual General Meeting, Jun 12, 2026 Tianjin Hi-Tech Development Co., Ltd., Annual General Meeting, Jun 12, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Tianjin China Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥2.91, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 29x in the Trade Distributors industry in China. Total loss to shareholders of 2.0% over the past three years. Announcement • Mar 30
Tianjin Hi-Tech Development Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Tianjin Hi-Tech Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥3.56, the stock trades at a trailing P/E ratio of 38.1x. Average trailing P/E is 30x in the Trade Distributors industry in China. Negligible returns to shareholders over past three years. Announcement • Dec 26
Tianjin Hi-Tech Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Tianjin Hi-Tech Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥4.07, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 26x in the Trade Distributors industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.048 (vs CN¥0.028 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.048 (up from CN¥0.028 loss in 3Q 2024). Revenue: CN¥426.7m (up CN¥420.7m from 3Q 2024). Net income: CN¥32.5m (up CN¥50.3m from 3Q 2024). Profit margin: 7.6% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Tianjin Hi-Tech Development Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Tianjin Hi-Tech Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Jul 09
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 7.0% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Tianjin Hi-Tech Development Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Tianjin Hi-Tech Development Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 06
Tianjin Hi-Tech Development Co., Ltd. (SHSE:600082) proposed to acquire an unknown majority stake in Zhixueyun (Beijing) Technology Co., Ltd. Tianjin Hi-Tech Development Co., Ltd. (SHSE:600082) proposed to acquire an unknown majority stake in Zhixueyun (Beijing) Technology Co., Ltd. on June 6, 2025. New Risk • May 18
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 0.6% 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 30
Tianjin Hi-Tech Development Co., Ltd., Annual General Meeting, May 30, 2025 Tianjin Hi-Tech Development Co., Ltd., Annual General Meeting, May 30, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Tianjin China Announcement • Mar 28
Tianjin Hi-Tech Development Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Tianjin Hi-Tech Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Announcement • Dec 27
Tianjin Hi-Tech Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Tianjin Hi-Tech Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.028 loss per share (vs CN¥0.027 loss in 3Q 2023) Third quarter 2024 results: CN¥0.028 loss per share. Revenue: CN¥5.99m (down 96% from 3Q 2023). Net loss: CN¥17.8m (flat on 3Q 2023). Announcement • Sep 30
Tianjin Hi-Tech Development Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Tianjin Hi-Tech Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.023 loss in 2Q 2023) Second quarter 2024 results: CN¥0.024 loss per share (further deteriorated from CN¥0.023 loss in 2Q 2023). Revenue: CN¥14.8m (down 93% from 2Q 2023). Net loss: CN¥15.8m (loss widened 4.8% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Tianjin Hi-Tech Development Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Tianjin Hi-Tech Development Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • May 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 54% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.1% net profit margin). New Risk • May 01
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: 0.1% Last year net profit margin: 4.9% 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. This is currently the only risk that has been identified for the company. Announcement • May 01
Tianjin Hi-Tech Development Co., Ltd., Annual General Meeting, May 30, 2024 Tianjin Hi-Tech Development Co., Ltd., Annual General Meeting, May 30, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Tianjin China Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.016 in FY 2022) Full year 2023 results: EPS: CN¥0.02 (up from CN¥0.016 in FY 2022). Revenue: CN¥461.5m (down 6.5% from FY 2022). Net income: CN¥12.7m (up 25% from FY 2022). Profit margin: 2.8% (up from 2.1% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Tianjin Hi-Tech Development Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Tianjin Hi-Tech Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Feb 07
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 7.3% 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 Risk Earnings have declined by 7.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Dec 29
Tianjin Hi-Tech Development Co., Ltd. to Report Fiscal Year 2023 Results on Mar 22, 2024 Tianjin Hi-Tech Development Co., Ltd. announced that they will report fiscal year 2023 results on Mar 22, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: CN¥0.027 loss per share (vs CN¥0.018 loss in 3Q 2022) Third quarter 2023 results: CN¥0.027 loss per share (further deteriorated from CN¥0.018 loss in 3Q 2022). Revenue: CN¥138.2m (up 77% from 3Q 2022). Net loss: CN¥17.8m (loss widened 55% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2023 earnings released: CN¥0.023 loss per share (vs CN¥0.019 loss in 2Q 2022) Second quarter 2023 results: CN¥0.023 loss per share (further deteriorated from CN¥0.019 loss in 2Q 2022). Revenue: CN¥216.0m (up 99% from 2Q 2022). Net loss: CN¥15.1m (loss widened 21% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Tianjin Hi-Tech Development Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Tianjin Hi-Tech Development Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.018 loss in 1Q 2022) First quarter 2023 results: CN¥0.004 loss per share (improved from CN¥0.018 loss in 1Q 2022). Revenue: CN¥22.2m (down 82% from 1Q 2022). Net loss: CN¥2.62m (loss narrowed 78% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 11 experienced directors. 1 highly experienced director. 3 independent directors (8 non-independent directors). Deputy General Manager and Director Li Liu was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.018 loss in 3Q 2021) Third quarter 2022 results: CN¥0.018 loss per share (in line with 3Q 2021). Revenue: CN¥78.2m (up 52% from 3Q 2021). Net loss: CN¥11.5m (flat on 3Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: CN¥0.019 loss per share (vs CN¥0.028 loss in 2Q 2021) Second quarter 2022 results: CN¥0.019 loss per share (up from CN¥0.028 loss in 2Q 2021). Revenue: CN¥108.4m (down 67% from 2Q 2021). Net loss: CN¥12.4m (loss narrowed 31% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.018 loss per share (vs CN¥0.022 loss in 1Q 2021) First quarter 2022 results: CN¥0.018 loss per share (up from CN¥0.022 loss in 1Q 2021). Revenue: CN¥119.7m (down 39% from 1Q 2021). Net loss: CN¥11.7m (loss narrowed 19% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 11 experienced directors. 1 highly experienced director. 3 independent directors (8 non-independent directors). Deputy General Manager and Director Li Liu was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥3.26, the stock trades at a trailing P/E ratio of 75.7x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 29% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.018 loss per share (vs CN¥0.036 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CN¥51.3m (down 58% from 3Q 2020). Net loss: CN¥11.6m (loss narrowed 50% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥3.13, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 26% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: CN¥0.028 loss per share (vs CN¥0.004 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: CN¥325.5m (up 204% from 2Q 2020). Net loss: CN¥17.9m (loss widened CN¥15.4m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.022 loss per share (vs CN¥0.02 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: CN¥194.6m (up 192% from 1Q 2020). Net loss: CN¥14.5m (loss widened 11% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 02
New 90-day low: CN¥2.67 The company is down 17% from its price of CN¥3.23 on 04 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥2.89 The company is down 13% from its price of CN¥3.34 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥3.14 The company is down 12% from its price of CN¥3.58 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥3.17 The company is down 16% from its price of CN¥3.77 on 31 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 Electronic industry, which is down 1.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥40.9m, with earnings decreasing by CN¥71.4m from the prior year. Total revenue was CN¥480.0m over the last 12 months, down 41% from the prior year. Announcement • Oct 28
Tianjin Hi-Tech Development Co.,Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Tianjin Hi-Tech Development Co.,Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Oct 27
Tianjin Binhai High-tech Zone Asset Management Co., Ltd. agreed to acquire Tianjin Binhai Qitai Investment Co., Ltd. from Tianjin Hi-Tech Development Co.,Ltd. (SHSE:600082) for approximately CNY 480 million. Tianjin Binhai High-tech Zone Asset Management Co., Ltd. agreed to acquire Tianjin Binhai Qitai Investment Co., Ltd. from Tianjin Hi-Tech Development Co.,Ltd. (SHSE:600082) for approximately CNY 480 million on October 26, 2020. Under the terms of the transaction an initial payment of CNY 100 million will be paid within 2 days upon sigining of the agreement, and another payment amounting to approximately CNY 290 million will be paid after Tianjin Hi-Tech completes the procedures for discharging the real estate mortgage, CNY 47 million to be paid before August 31, 2021 and CNY 47 million to be paid before August 31, 2022. Tianjin Binhai Qitai reported total assets of approximately CNY 360 million, net assets of approximately CNY 360 million and net loss of CNY 0.27 million in the year ending on August 2020. The transaction was approved by the Board of Directors of Tianjin Hi-Tech but is still subject to the approval of its shareholders. Announcement • Jul 17
Tianjin Hi-Tech Development Co.,Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Tianjin Hi-Tech Development Co.,Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 
