Announcement • Jun 30
Veken Technology Co., Ltd. to Report First Half, 2026 Results on Aug 25, 2026 Veken Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 25, 2026 Reported Earnings • Apr 14
Full year 2025 earnings released: CN¥0.18 loss per share (vs CN¥0.05 loss in FY 2024) Full year 2025 results: CN¥0.18 loss per share (further deteriorated from CN¥0.05 loss in FY 2024). Revenue: CN¥1.42b (down 7.3% from FY 2024). Net loss: CN¥96.7m (loss widened 237% from FY 2024). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
Veken Technology Co., Ltd., Annual General Meeting, May 07, 2026 Veken Technology Co., Ltd., Annual General Meeting, May 07, 2026, at 09:30 China Standard Time. Location: 20F, No. 225, Liuting Street, Ningbo, Zhejiang China Announcement • Mar 30
Veken Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Veken Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Veken Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 14, 2026 Veken Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 14, 2026 New Risk • Nov 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 7.8% 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 20% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.038 loss per share (vs CN¥0.015 profit in 3Q 2024) Third quarter 2025 results: CN¥0.038 loss per share (down from CN¥0.015 profit in 3Q 2024). Revenue: CN¥390.6m (down 6.6% from 3Q 2024). Net loss: CN¥20.2m (down 358% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Veken Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Veken Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 25% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Jun 30
Veken Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Veken Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Board Change • May 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Jun Leng was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 15
Full year 2024 earnings released: CN¥0.05 loss per share (vs CN¥0.23 loss in FY 2023) Full year 2024 results: CN¥0.05 loss per share (improved from CN¥0.23 loss in FY 2023). Revenue: CN¥1.53b (down 8.6% from FY 2023). Net loss: CN¥28.7m (loss narrowed 76% from FY 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 15
Veken Technology Co., Ltd., Annual General Meeting, May 07, 2025 Veken Technology Co., Ltd., Annual General Meeting, May 07, 2025, at 09:30 China Standard Time. Location: 20F, No. 225, Liuting Street, Ningbo, Zhejiang China Announcement • Mar 28
Veken Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Veken Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Veken Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Veken Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Announcement • Sep 30
Veken Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Veken Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Sep 04
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 7.2% 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 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.025 loss per share (vs CN¥0.069 loss in 2Q 2023) Second quarter 2024 results: CN¥0.025 loss per share (improved from CN¥0.069 loss in 2Q 2023). Revenue: CN¥341.0m (down 16% from 2Q 2023). Net loss: CN¥13.2m (loss narrowed 64% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 16% per year. Announcement • Jun 28
Veken Technology Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Veken Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.052 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.011 (up from CN¥0.052 loss in 1Q 2023). Revenue: CN¥341.0m (up 11% from 1Q 2023). Net income: CN¥5.87m (up CN¥33.3m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% 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. Reported Earnings • Apr 18
Full year 2023 earnings released: CN¥0.23 loss per share (vs CN¥0.20 loss in FY 2022) Full year 2023 results: CN¥0.23 loss per share (further deteriorated from CN¥0.20 loss in FY 2022). Revenue: CN¥1.67b (down 28% from FY 2022). Net loss: CN¥120.3m (loss widened 15% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Apr 16
Veken Technology Co., Ltd., Annual General Meeting, May 06, 2024 Veken Technology Co., Ltd., Annual General Meeting, May 06, 2024, at 09:30 China Standard Time. Location: 20F, No. 225, Liuting Street, Ningbo, Zhejiang China Announcement • Mar 29
Veken Technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Veken Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 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 9.8% 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 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.8% average weekly change). New Risk • Feb 05
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 6.7% 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 48% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Feb 02
Veken Technology Co., Ltd. (SHSE:600152) completed the acquisition of 34% stake in Jiangxi VL Battery Co., Ltd. from LG Energy Solution, Ltd. (KOSE:A373220) for USD1. Veken Technology Co., Ltd. (SHSE:600152) agreed to acquire 34% stake in Jiangxi VL Battery Co., Ltd. from LG Energy Solution, Ltd. (KOSE:A373220) for USD1 on September 19, 2023. This was ratified by the company’s 11th board of directors during its 5th meeting held on January 30, 2024. This does not require deliberation by shareholders meeting of the company
Veken Technology Co., Ltd. (SHSE:600152) completed the acquisition of 34% stake in Jiangxi VL Battery Co., Ltd. from LG Energy Solution, Ltd. (KOSE:A373220) for USD1 on October 9, 2023. Announcement • Dec 29
Veken Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 16, 2024 Veken Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 16, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: CN¥0.027 loss per share (vs CN¥0.011 profit in 3Q 2022) Third quarter 2023 results: CN¥0.027 loss per share (down from CN¥0.011 profit in 3Q 2022). Revenue: CN¥463.5m (down 25% from 3Q 2022). Net loss: CN¥14.3m (down 347% from profit in 3Q 2022). 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
Veken Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Veken Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Jul 19
New major risk - Revenue and earnings growth Earnings have declined by 46% 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. Announcement • Jun 28
Veken Technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Veken Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: CN¥0.20 loss per share (improved from CN¥0.28 loss in FY 2021). Revenue: CN¥2.33b (up 12% from FY 2021). Net loss: CN¥104.9m (loss narrowed 18% from FY 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.011 (vs CN¥0.10 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.011 (up from CN¥0.10 loss in 3Q 2021). Revenue: CN¥621.3m (up 7.6% from 3Q 2021). Net income: CN¥5.79m (up CN¥56.9m from 3Q 2021). Profit margin: 0.9% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.026 (vs CN¥0.01 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.026 (up from CN¥0.01 in 2Q 2021). Revenue: CN¥716.2m (up 45% from 2Q 2021). Net income: CN¥13.6m (up 230% from 2Q 2021). Profit margin: 1.9% (up from 0.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Apr 27
Full year 2021 earnings released: CN¥0.28 loss per share (vs CN¥0.12 profit in FY 2020) Full year 2021 results: CN¥0.28 loss per share (down from CN¥0.12 profit in FY 2020). Revenue: CN¥2.08b (up 19% from FY 2020). Net loss: CN¥127.2m (down 359% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.10 loss per share (vs CN¥0.02 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥577.2m (up 36% from 3Q 2020). Net loss: CN¥51.1m (down CN¥59.4m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.12 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥494.2m (up 16% from 2Q 2020). Net income: CN¥4.13m (down 92% from 2Q 2020). Profit margin: 0.8% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.26, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 35x in the Electrical industry in China. Total returns to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.24, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 30x in the Electrical industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.039 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥431.5m (up 116% from 1Q 2020). Net income: CN¥2.47m (up CN¥18.7m from 1Q 2020). Profit margin: 0.6% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥8.03, the stock trades at a trailing P/E ratio of 66.6x. Average trailing P/E is 32x in the Electrical industry in China. Total returns to shareholders of 43% over the past three years. Reported Earnings • Apr 14
Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥0.15 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.74b (up 6.1% from FY 2019). Net income: CN¥49.1m (up CN¥113.2m from FY 2019). Profit margin: 2.8% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 30
New 90-day high: CN¥7.43 The company is up 20% from its price of CN¥6.20 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 23% over the same period. Announcement • Jul 17
Veken Technology Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Veken Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020