Announcement • Mar 30
Sunway Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Sunway Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 18
Full year 2025 earnings released: CN¥0.08 loss per share (vs CN¥0.03 profit in FY 2024) Full year 2025 results: CN¥0.08 loss per share (down from CN¥0.03 profit in FY 2024). Revenue: CN¥1.41b (down 19% from FY 2024). Net loss: CN¥47.3m (down 389% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
Sunway Co., Ltd., Annual General Meeting, Apr 08, 2026 Sunway Co., Ltd., Annual General Meeting, Apr 08, 2026, at 14:30 China Standard Time. Location: No. 18, Yingbin Avenue, High-tech Zone, Leshan, Sichuan China Announcement • Dec 26
Sunway Co., Ltd. to Report Fiscal Year 2025 Results on Feb 14, 2026 Sunway Co., Ltd. announced that they will report fiscal year 2025 results on Feb 14, 2026 Reported Earnings • Oct 19
Third quarter 2025 earnings released Third quarter 2025 results: EPS: CN¥0.009. Revenue: CN¥395.7m (down 15% from 3Q 2024). Net income: CN¥5.93m (down 73% from 3Q 2024). Profit margin: 1.5% (down from 4.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Announcement • Sep 30
Sunway Co., Ltd. to Report Q3, 2025 Results on Oct 18, 2025 Sunway Co., Ltd. announced that they will report Q3, 2025 results on Oct 18, 2025 Reported Earnings • Aug 25
Second quarter 2025 earnings released: CN¥0.032 loss per share (vs CN¥0.023 profit in 2Q 2024) Second quarter 2025 results: CN¥0.032 loss per share (down from CN¥0.023 profit in 2Q 2024). Revenue: CN¥307.1m (down 36% from 2Q 2024). Net loss: CN¥17.1m (down 223% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 17
Sunway Co., Ltd. announced that it expects to receive CNY 1.144247102 billion in funding from Fuhua Tongda Chemical Co., Ltd. Sunway Co., Ltd. announces a private placement with Fuhua Tongda Chemical Co., Ltd to issue 181,338,685 shares at a price of CNY 6.31 per share for gross proceeds of CNY 1,144,247,102.35 on July 16, 2025. This has been approved in the 2nd Meeting of the Company’s 6th Directorate held on July 16, 2025, and is subject to the approvals of the Company’s Shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission. Announcement • Jun 30
Sunway Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Sunway Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Jun 05
Sunway Co., Ltd., Annual General Meeting, Jun 27, 2025 Sunway Co., Ltd., Annual General Meeting, Jun 27, 2025, at 14:00 China Standard Time. Location: No. 18, Yingbin Avenue, High-tech Zone, Leshan, Sichuan China New Risk • May 26
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 8.5% 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 28% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • May 26
Fuhua Tongda Chemical Co., Ltd. made a bid to acquire an additional 5.79% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangsheng. Fuhua Tongda Chemical Co., Ltd. made a bid to acquire an additional 5.79% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangsheng on April 21, 2025. Upon completion, Fuhua Tongda Chemical Co., Ltd. will own 25.35% stake in Sunway Co., Ltd.
Fuhua Tongda Chemical Co., Ltd. completed the acquisition of additional 5.79% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangsheng on May 23, 2025. Reported Earnings • Apr 28
First quarter 2025 earnings released First quarter 2025 results: Revenue: CN¥241.8m (down 4.1% from 1Q 2024). Net loss: CN¥14.5m (loss narrowed 12% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Sunway Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Sunway Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 22
Fuhua Tongda Chemical Co., Ltd. completed the acquisition of additional 10.46% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangyuan. Fuhua Tongda Chemical Co., Ltd. participated in judicial auction to acquire additional 10.46% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangyuan for approximately CNY 300 million on March 4, 2025. On March 6, 2025, Fuhua Chemical made full payment of the auction transaction amount and signed the "Transaction Confirmation Letter." The funds required for this equity change by Fuhua Chemical were entirely sourced from Fuhua Chemical’s own funds. After the completion of this equity change, Fuhua Chemical will hold a total of 95.58 million shares of the Company, representing 15.38% of the Company's total shares. Before the completion of this equity change, Fuhua Chemical, acquired 30.6 million shares of the Company through centralized bidding transactions. All of these shares are unrestricted circulating shares, representing 4.92% of the Company's total shares. Fuhua Chemical can use this ruling to complete the corresponding share ownership transfer registration procedures at the registration authority. Fuhua Chemical will promptly take the ruling and other related documents to the registration authority to complete the share transfer registration.
Fuhua Tongda Chemical Co., Ltd. completed the acquisition of additional 10.46% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangyuan on March 20, 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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Jan 06
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 10% 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 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Announcement • Dec 27
Sunway Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Sunway Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 16
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥467.7m (down 22% from 3Q 2023). Net income: CN¥21.6m (up 222% from 3Q 2023). Profit margin: 4.6% (up from 1.1% in 3Q 2023). Announcement • Sep 30
Sunway Co., Ltd. to Report Q3, 2024 Results on Oct 16, 2024 Sunway Co., Ltd. announced that they will report Q3, 2024 results on Oct 16, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥477.6m (down 27% from 2Q 2023). Net income: CN¥13.9m (down 36% from 2Q 2023). Profit margin: 2.9% (down from 3.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Sunway Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Sunway Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • Jun 18
Sunway Co., Ltd. (SHSE:603333) announces an Equity Buyback for CNY 80 million worth of its shares. Sunway Co., Ltd. (SHSE:603333) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its common stock. The shares will be repurchased at a price of CNY 5.46 per share. The program will be funded from company's own funds. The shares repurchased will be used for ESOP or equity incentives. The program will be valid for 6 months. Announcement • Apr 29
Sunway Co., Ltd., Annual General Meeting, May 31, 2024 Sunway Co., Ltd., Annual General Meeting, May 31, 2024, at 14:00 China Standard Time. Location: No. 18, Yingbin Avenue, High-tech Zone, Leshan, Sichuan China Announcement • Mar 29
Sunway Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Sunway Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥3.74, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 23x in the Electrical industry in China. Total loss to shareholders of 21% over the past three years. Announcement • Dec 30
Sunway Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Sunway Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.011 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.011 loss in 3Q 2022). Revenue: CN¥597.3m (up 24% from 3Q 2022). Net income: CN¥6.71m (up CN¥13.3m from 3Q 2022). Profit margin: 1.1% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Sunway Co., Ltd. to Report Q3, 2023 Results on Oct 20, 2023 Sunway Co., Ltd. announced that they will report Q3, 2023 results on Oct 20, 2023 Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: CN¥0.037 (vs CN¥0.019 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.037 (up from CN¥0.019 in 2Q 2022). Revenue: CN¥652.2m (up 19% from 2Q 2022). Net income: CN¥21.9m (up 95% from 2Q 2022). Profit margin: 3.4% (up from 2.0% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
Sunway Co., Ltd. to Report First Half, 2023 Results on Jul 29, 2023 Sunway Co., Ltd. announced that they will report first half, 2023 results on Jul 29, 2023 New Risk • Jun 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 7.0% 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 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.003 (down from CN¥0.03 in 1Q 2022). Revenue: CN¥354.5m (down 30% from 1Q 2022). Net income: CN¥1.74m (down 91% from 1Q 2022). Profit margin: 0.5% (down from 4.0% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
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. 6 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 • Oct 30
Third quarter 2022 earnings released: CN¥0.02 loss per share (vs CN¥0.003 profit in 3Q 2021) Third quarter 2022 results: CN¥0.02 loss per share (down from CN¥0.003 profit in 3Q 2021). Revenue: CN¥457.1m (down 40% from 3Q 2021). Net loss: CN¥12.6m (down CN¥14.6m from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.029 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.019 (down from CN¥0.029 in 2Q 2021). Revenue: CN¥547.5m (down 15% from 2Q 2021). Net income: CN¥11.2m (down 7.0% from 2Q 2021). Profit margin: 2.0% (up from 1.9% in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2021 earnings released: CN¥0.06 loss per share (vs CN¥0.03 profit in FY 2020) Full year 2021 results: CN¥0.06 loss per share (down from CN¥0.03 profit in FY 2020). Revenue: CN¥2.34b (up 16% from FY 2020). Net loss: CN¥30.9m (down 287% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 16
Third quarter 2021 earnings released: EPS CN¥0.003 (vs CN¥0.04 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥764.9m (up 12% from 3Q 2020). Net income: CN¥2.03m (down 92% from 3Q 2020). Profit margin: 0.3% (down from 3.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS CN¥0.029 (vs CN¥0.075 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥644.4m (down 11% from 2Q 2020). Net income: CN¥12.1m (down 65% from 2Q 2020). Profit margin: 1.9% (down from 4.7% in 2Q 2020). The decrease in margin was driven by lower revenue. 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 8% per year, which means it is well ahead of earnings. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.03 (vs CN¥0.20 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥2.03b (flat on FY 2019). Net income: CN¥16.5m (down 84% from FY 2019). Profit margin: 0.8% (down from 5.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.17, the stock is trading at a trailing P/E ratio of 78.5x, up from the previous P/E ratio of 67.3x. This compares to an average P/E of 31x in the Electrical industry in China. Total returns to shareholders over the past three years were flat. Is New 90 Day High Low • Mar 09
New 90-day high: CN¥6.45 The company is up 4.0% from its price of CN¥6.23 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 3.0% over the same period. Announcement • Oct 27
Sunway Co., Ltd. (SHSE:603333) signed an intentional agreement to acquire unknown stake in Chengdu Xingkong Yewang Technology Co., Ltd. from Huang He. Sunway Co., Ltd. (SHSE:603333) signed an intentional agreement to acquire unknown stake in Chengdu Xingkong Yewang Technology Co., Ltd. from Huang He on October 25, 2020. Huang He holds 61.26% stake in Chengdu Xingkong. Sunway intends to acquire between 35%-51% stake in Chengdu Xingkong. The consideration will be paid in cash and stock. Sunway and Huang He will sign a formal agreement for the transaction. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥54.9m, down 46% from the prior year. Total revenue was CN¥2.22b over the last 12 months, up 17% from the prior year. Announcement • Oct 20
Sunway Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Sunway Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Aug 28
Sunway Co., Ltd. announced that it expects to receive CNY 645 million in funding Sunway Co., Ltd. (SHSE:603333) announced a private placement of not more than 155,971,500 A shares for gross proceeds of not more than CNY 645,000,000 on August 26, 2020. The issue price is not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from not more than 35 investors. The shares issued in the transaction cannot be transferred within 6 months from the issuance closing date. The transaction was approved in the 24th Meeting of the 4th Supervisory Board. The transaction is subject to the approval of the shareholders meeting. Announcement • Jul 31
Li Guangsheng completed the acquisition of 10% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangyuan. Li Guangsheng signed share transfer agreement to acquire 10% stake in Sichuan Star Cable Co., Ltd. (SHSE:603333) from Li Guangyuan for approximately CNY 270 million on June 20, 2018. Under the transaction, Li Guangsheng will acquire 52 million shares at CNY 5.22 per share. In related transactions, Li Guangsheng will acquire 9.99% stake from Li Guangyuan and Sheng Yewu will acquire additional 27.99% stake from Li Guangyuan. Upon completion of all the transaction, Li Guangsheng will hold 29.99% stake and Li Guangyuan will hold no stake. As of December 18, 2019, the notarization procedures necessary for Li Guangyuan's agreement with Li Guangsheng and Sheng Yewu to transfer the shares have been applied to the competent authorities, and they are planned to be completed in the near future. After the authorization notarization procedure is completed, Sichuan Star Cable and the parties to the agreement will apply for a compliance review of Li Guangyuan's agreement to transfer the shares to Li Guangsheng and Sheng Yewu in accordance with the relevant business rules and all transfer procedures to be completed within 6 months.
Li Guangsheng completed the acquisition of 10% stake in Sunway Co., Ltd. (SHSE:603333) from Li Guangyuan on April 1, 2020. Along with this transaction, Li Guangsheng acquired 9.99% stake in Sunway from Li Guangyuan. On completion of both transactions, Li Guangyuan held 145,550,500 shares of the company, accounting for 27.9956% stake of Sunway and Li Guangsheng held 155,949,500 shares of the company, accounting for 29.9958% stake. The controlling shareholder and actual controller of the company were changed from Li Guangyuan to Li Guangsheng. Announcement • Jul 30
Li Guangsheng completed the acquisition of 9.99% stake in Sichuan Star Cable Co., Ltd. (SHSE:603333) from Li Guangyuan. Li Guangsheng signed an agreement to acquire 9.99% stake in Sichuan Star Cable Co., Ltd. (SHSE:603333) from Li Guangyuan for approximately CNY 270 million on June 20, 2018. Under the transaction, Li Guangsheng acquires 52 million shares at CNY 5.22 per share. In related transactions, Li Guangsheng will acquire additional 10% stake from Li Guangyuan and Sheng Yewu will acquire additional 27.99% stake from Li Guangyuan. Upon completion of all the transaction, Li Guangsheng will hold 29.99% stake and Li Guangyuan will hold no stake. As of December 18, 2019, the notarization procedures necessary for Li Guangyuan's agreement with Li Guangsheng and Sheng Yewu to transfer the shares have been applied to the competent authorities, and they are planned to be completed in the near future. After the aforesaid authorization notarization procedure is completed, Sichuan Star Cable and the parties to the agreement will apply for a compliance review of Li Guangyuan's agreement to transfer the shares to Li Guangsheng and Sheng Yewu in accordance with the relevant business rules and all transfer procedures to be completed within 6 months.
Li Guangsheng completed the acquisition of 9.99% stake in Sichuan Star Cable Co., Ltd. (SHSE:603333) from Li Guangyuan on April 1, 2020. 
