Reported Earnings • Jul 30
Second quarter 2026 earnings released: EPS: CN¥0.14 (vs CN¥0.063 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.14 (up from CN¥0.063 in 2Q 2025). Revenue: CN¥514.3m (up 43% from 2Q 2025). Net income: CN¥43.9m (up 115% from 2Q 2025). Profit margin: 8.5% (up from 5.7% in 2Q 2025). The increase in margin was driven by higher revenue. 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 5% per year, which means it has not declined as severely as earnings. New Risk • Jul 30
New major risk - Revenue and earnings growth Earnings have declined by 0.6% 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. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.94, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 46x in the Machinery industry in China. Total loss to shareholders of 12% over the past three years. Buy Or Sell Opportunity • Jul 14
Now 26% undervalued Over the last 90 days, the stock has risen 9.7% to CN¥14.38. The fair value is estimated to be CN¥19.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 29%. Announcement • Jun 30
Square Technology Group Co.,Ltd to Report First Half, 2026 Results on Jul 29, 2026 Square Technology Group Co.,Ltd announced that they will report first half, 2026 results on Jul 29, 2026 Buy Or Sell Opportunity • Jun 25
Now 22% undervalued Over the last 90 days, the stock has risen 15% to CN¥14.83. The fair value is estimated to be CN¥19.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 29%. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.40, the stock trades at a trailing P/E ratio of 31.5x. Average trailing P/E is 54x in the Machinery industry in China. Total returns to shareholders of 3.8% over the past three years. Announcement • May 29
Square Technology Group Co.,Ltd, Annual General Meeting, Jun 18, 2026 Square Technology Group Co.,Ltd, Annual General Meeting, Jun 18, 2026, at 13:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China New Risk • May 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.50 (vs CN¥0.77 in FY 2024) Full year 2025 results: EPS: CN¥0.50 (down from CN¥0.77 in FY 2024). Revenue: CN¥1.69b (down 9.2% from FY 2024). Net income: CN¥154.4m (down 35% from FY 2024). Profit margin: 9.1% (down from 13% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Square Technology Group Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Square Technology Group Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥14.89, the stock trades at a trailing P/E ratio of 28.9x. Average trailing P/E is 54x in the Machinery industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Dec 26
Square Technology Group Co.,Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026 Square Technology Group Co.,Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.17 in 3Q 2024). Revenue: CN¥375.5m (down 13% from 3Q 2024). Net income: CN¥34.1m (down 34% from 3Q 2024). Profit margin: 9.1% (down from 12% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Square Technology Group Co.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Square Technology Group Co.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.063 (vs CN¥0.26 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.063 (down from CN¥0.26 in 2Q 2024). Revenue: CN¥359.9m (down 36% from 2Q 2024). Net income: CN¥20.4m (down 75% from 2Q 2024). Profit margin: 5.7% (down from 14% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.04, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 50x in the Machinery industry in China. Total returns to shareholders of 22% over the past three years. Announcement • Jun 30
Square Technology Group Co.,Ltd to Report First Half, 2025 Results on Aug 21, 2025 Square Technology Group Co.,Ltd announced that they will report first half, 2025 results on Aug 21, 2025 Declared Dividend • Jun 22
Dividend reduced to CN¥0.24 Dividend of CN¥0.24 is 9.2% lower than last year. Ex-date: 27th June 2025 Payment date: 27th June 2025 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.6% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 23
Square Technology Group Co.,Ltd, Annual General Meeting, May 19, 2025 Square Technology Group Co.,Ltd, Annual General Meeting, May 19, 2025, at 13:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Reported Earnings • Apr 17
Full year 2024 earnings released: EPS: CN¥0.77 (vs CN¥1.08 in FY 2023) Full year 2024 results: EPS: CN¥0.77 (down from CN¥1.08 in FY 2023). Revenue: CN¥1.86b (down 16% from FY 2023). Net income: CN¥237.1m (down 29% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥10.18, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 35x in the Machinery industry in China. Total loss to shareholders of 3.5% over the past three years. Announcement • Mar 28
Square Technology Group Co.,Ltd to Report Q1, 2025 Results on Apr 23, 2025 Square Technology Group Co.,Ltd announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Jan 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 9.1% 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Announcement • Dec 27
Square Technology Group Co.,Ltd to Report Fiscal Year 2024 Results on Apr 17, 2025 Square Technology Group Co.,Ltd announced that they will report fiscal year 2024 results on Apr 17, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥14.26, the stock trades at a trailing P/E ratio of 16.1x. Average forward P/E is 17x in the Machinery industry in China. Total returns to shareholders of 34% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥430.3m (down 25% from 3Q 2023). Net income: CN¥51.6m (down 37% from 3Q 2023). Profit margin: 12% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. 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 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Square Technology Group Co.,Ltd to Report Q3, 2024 Results on Oct 30, 2024 Square Technology Group Co.,Ltd announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥11.02, the stock trades at a trailing P/E ratio of 11.2x. Average forward P/E is 15x in the Machinery industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: CN¥0.26 (vs CN¥0.29 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.26 (down from CN¥0.29 in 2Q 2023). Revenue: CN¥563.3m (up 5.9% from 2Q 2023). Net income: CN¥81.0m (down 9.5% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Square Technology Group Co.,Ltd to Report First Half, 2024 Results on Aug 08, 2024 Square Technology Group Co.,Ltd announced that they will report first half, 2024 results on Aug 08, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.25 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.25 in 1Q 2023). Revenue: CN¥444.5m (down 16% from 1Q 2023). Net income: CN¥51.8m (down 32% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Machinery industry in China. 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 • Mar 30
Square Technology Group Co.,Ltd, Annual General Meeting, Apr 19, 2024 Square Technology Group Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Announcement • Mar 29
Square Technology Group Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Square Technology Group Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥1.08 (vs CN¥0.99 in FY 2022) Full year 2023 results: EPS: CN¥1.08 (up from CN¥0.99 in FY 2022). Revenue: CN¥2.23b (up 10% from FY 2022). Net income: CN¥333.6m (up 9.1% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
Square Technology Group Co.,Ltd (SHSE:603339) announces an Equity Buyback for CNY 100 million worth of its shares. Square Technology Group Co.,Ltd (SHSE:603339) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not more than CNY 15 per Share. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥8.80, the stock trades at a trailing P/E ratio of 8.6x. Average forward P/E is 14x in the Machinery industry in China. Total returns to shareholders of 4.7% over the past three years. Announcement • Dec 29
Square Technology Group Co.,Ltd to Report Fiscal Year 2023 Results on Mar 28, 2024 Square Technology Group Co.,Ltd announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.31 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.31 in 3Q 2022). Revenue: CN¥573.7m (flat on 3Q 2022). Net income: CN¥82.2m (down 14% from 3Q 2022). Profit margin: 14% (down from 17% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Square Technology Group Co.,Ltd to Report Q3, 2023 Results on Oct 18, 2023 Square Technology Group Co.,Ltd announced that they will report Q3, 2023 results on Oct 18, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.30 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.29 (down from CN¥0.30 in 2Q 2022). Revenue: CN¥531.9m (up 12% from 2Q 2022). Net income: CN¥89.5m (down 5.5% from 2Q 2022). Profit margin: 17% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Machinery industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Square Technology Group Co.,Ltd to Report First Half, 2023 Results on Aug 16, 2023 Square Technology Group Co.,Ltd announced that they will report first half, 2023 results on Aug 16, 2023 Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: CN¥0.99 (vs CN¥0.55 in FY 2021) Full year 2022 results: EPS: CN¥0.99 (up from CN¥0.55 in FY 2021). Revenue: CN¥2.02b (up 23% from FY 2021). Net income: CN¥305.7m (up 81% from FY 2021). Profit margin: 15% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Machinery industry in China. 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 16% per year, which means it is significantly lagging earnings growth. 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. 10 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 12
Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.16 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.16 in 3Q 2021). Revenue: CN¥569.5m (up 33% from 3Q 2021). Net income: CN¥95.3m (up 85% from 3Q 2021). Profit margin: 17% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30 (up from CN¥0.15 in 2Q 2021). Revenue: CN¥474.1m (up 18% from 2Q 2021). Net income: CN¥94.8m (up 109% from 2Q 2021). Profit margin: 20% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year. Board Change • Apr 27
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. 12 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 • Mar 15
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.56 (up from CN¥0.34 in FY 2020). Revenue: CN¥1.65b (up 50% from FY 2020). Net income: CN¥172.7m (up 62% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥14.03, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 41x in the Machinery industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Oct 16
Third quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.12 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥428.3m (up 55% from 3Q 2020). Net income: CN¥51.6m (up 37% from 3Q 2020). Profit margin: 12% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥10.31, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 36x in the Machinery industry in China. Total loss to shareholders of 5.9% over the past three years. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.12 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥402.3m (up 16% from 2Q 2020). Net income: CN¥45.4m (up 20% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 09
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.42 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.10b (down 6.1% from FY 2019). Net income: CN¥106.4m (down 18% from FY 2019). Profit margin: 9.6% (down from 11% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jan 28
Square Technology Group Co.,Ltd(XSSC:603339) dropped from S&P Global BMI Index Square Technology Group Co.,Ltd(XSSC:603339) dropped from S&P Global BMI Index Is New 90 Day High Low • Dec 23
New 90-day high: CN¥11.45 The company is up 22% from its price of CN¥9.41 on 24 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥11.45, the stock is trading at a trailing P/E ratio of 26.5x, up from the previous P/E ratio of 22.6x. This compares to an average P/E of 38x in the Machinery industry in China. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Nov 18
New 90-day high: CN¥11.06 The company is up 6.0% from its price of CN¥10.45 on 20 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥9.29 The company is down 25% from its price of CN¥12.42 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 Machinery industry, which is up 4.0% over the same period. Reported Earnings • Oct 20
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥134.2m, up 2.4% from the prior year. Total revenue was CN¥1.13b over the last 12 months, down 9.3% from the prior year. Announcement • Oct 19
Square Technology Group Co.,Ltd to Report Q3, 2020 Results on Oct 20, 2020 Square Technology Group Co.,Ltd announced that they will report Q3, 2020 results on Oct 20, 2020 Announcement • Jul 08
Square Technology Group Co.,Ltd to Report First Half, 2020 Results on Aug 20, 2020 Square Technology Group Co.,Ltd announced that they will report first half, 2020 results on Aug 20, 2020 
