Declared Dividend • May 25
Dividend reduced to CN¥0.12 Dividend of CN¥0.12 is 72% lower than last year. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (21% 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 decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 77% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 29
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 8.1% 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: Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Major Estimate Revision • Apr 07
Consensus revenue estimates increase by 77% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥4.44b to CN¥7.87b. EPS estimate increased from CN¥2.15 to CN¥3.39 per share. Net income forecast to grow 882% next year vs 45% growth forecast for Electrical industry in China. Consensus price target of CN¥80.00 unchanged from last update. Share price fell 8.7% to CN¥67.87 over the past week. Reported Earnings • Apr 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.17 in FY 2024). Revenue: CN¥3.16b (up 58% from FY 2024). Net income: CN¥84.7m (up 106% from FY 2024). Profit margin: 2.7% (up from 2.1% in FY 2024). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 64%. 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. Announcement • Mar 31
Pylon Technologies Co., Ltd., Annual General Meeting, Apr 22, 2026 Pylon Technologies Co., Ltd., Annual General Meeting, Apr 22, 2026, at 14:30 China Standard Time. Location: No. 699, Bibo Road, Zhangjiang, Pudong New Area, Shanghai China Announcement • Mar 30
Pylon Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Pylon Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 20% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 204% Paying a dividend despite having no free cash flows. Earnings have declined by 20% per year over the past 5 years. Reported Earnings • Mar 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.35 (up from CN¥0.17 in FY 2024). Revenue: CN¥3.16b (up 57% from FY 2024). Net income: CN¥84.1m (up 105% from FY 2024). Profit margin: 2.7% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Dec 26
Pylon Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 01, 2026 Pylon Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 01, 2026 New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.4% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 204% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results. Major Estimate Revision • Oct 30
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥3.17b to CN¥3.51b. EPS estimate unchanged at CN¥1.25. Net income forecast to grow 844% next year vs 51% growth forecast for Electrical industry in China. Consensus price target up from CN¥65.50 to CN¥75.50. Share price rose 5.1% to CN¥66.92 over the past week. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.13 (vs CN¥0.07 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.13 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥863.2m (up 56% from 3Q 2024). Net income: CN¥33.9m (up 94% from 3Q 2024). Profit margin: 3.9% (up from 3.2% in 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Sep 30
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 8.4% 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 Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 299% Cash payout ratio: 115% Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Pylon Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Pylon Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Major Estimate Revision • Aug 29
Consensus revenue estimates increase by 25%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥2.53b to CN¥3.17b. EPS estimate fell from CN¥1.33 to CN¥1.25. Net income forecast to grow 1,029% next year vs 46% growth forecast for Electrical industry in China. Consensus price target up from CN¥41.33 to CN¥65.50. Share price rose 3.2% to CN¥53.61 over the past week. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.073 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.073 in 2Q 2024). Revenue: CN¥757.1m (up 60% from 2Q 2024). Net income: CN¥52.1m (up 228% from 2Q 2024). Profit margin: 6.9% (up from 3.4% in 2Q 2024). Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 23
Price target increased by 8.7% to CN¥55.00 Up from CN¥50.60, the current price target is an average from 2 analysts. New target price is 5.9% above last closing price of CN¥51.94. Stock is up 43% over the past year. The company is forecast to post earnings per share of CN¥1.44 for next year compared to CN¥0.17 last year. Announcement • Jun 30
Pylon Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Pylon Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 Price Target Changed • May 13
Price target decreased by 11% to CN¥44.86 Down from CN¥50.60, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CN¥43.16. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥1.33 for next year compared to CN¥0.17 last year. Announcement • Apr 14
Pylon Technologies Co., Ltd., Annual General Meeting, May 06, 2025 Pylon Technologies Co., Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: No. 699, Bibo Road, Zhangjiang, Pudong New Area, Shanghai China Reported Earnings • Apr 12
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.17 (down from CN¥2.12 in FY 2023). Revenue: CN¥2.00b (down 39% from FY 2023). Net income: CN¥41.1m (down 92% from FY 2023). Profit margin: 2.1% (down from 16% in FY 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Mar 28
Pylon Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Pylon Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥0.17 (down from CN¥2.12 in FY 2023). Revenue: CN¥2.01b (down 39% from FY 2023). Net income: CN¥41.0m (down 92% from FY 2023). Profit margin: 2.0% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 2.6%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Dec 27
Pylon Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 Pylon Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.16 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.16 loss in 3Q 2023). Revenue: CN¥552.9m (up 12% from 3Q 2023). Net income: CN¥17.5m (up CN¥55.8m from 3Q 2023). Profit margin: 3.2% (up from net loss in 3Q 2023). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Pylon Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Pylon Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 New Risk • Sep 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 6.9% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Price Target Changed • Aug 31
Price target decreased by 15% to CN¥54.13 Down from CN¥63.41, the current price target is an average from 4 analysts. New target price is 31% above last closing price of CN¥41.40. Stock is down 58% over the past year. The company is forecast to post earnings per share of CN¥1.28 for next year compared to CN¥2.12 last year. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.94 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.073 (down from CN¥0.94 in 2Q 2023). Revenue: CN¥473.7m (down 34% from 2Q 2023). Net income: CN¥15.9m (down 93% from 2Q 2023). Profit margin: 3.4% (down from 32% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Pylon Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Pylon Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Major Estimate Revision • May 18
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.78b to CN¥4.17b. EPS estimate fell from CN¥4.31 to CN¥3.31 per share. Net income forecast to grow 985% next year vs 44% growth forecast for Electrical industry in China. Consensus price target down from CN¥91.18 to CN¥88.93. Share price fell 7.1% to CN¥75.36 over the past week. Major Estimate Revision • May 03
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥4.35b to CN¥4.80b. EPS estimate increased from CN¥3.60 to CN¥4.31 per share. Net income forecast to grow 1,329% next year vs 46% growth forecast for Electrical industry in China. Consensus price target down from CN¥98.65 to CN¥91.18. Share price rose 5.5% to CN¥79.22 over the past week. Price Target Changed • May 01
Price target decreased by 7.6% to CN¥91.18 Down from CN¥98.65, the current price target is an average from 4 analysts. New target price is 15% above last closing price of CN¥79.22. Stock is down 67% over the past year. The company is forecast to post earnings per share of CN¥4.31 for next year compared to CN¥2.97 last year. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥2.74 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (down from CN¥2.74 in 1Q 2023). Revenue: CN¥385.6m (down 79% from 1Q 2023). Net income: CN¥4.00m (down 99% from 1Q 2023). Profit margin: 1.0% (down from 25% in 1Q 2023). Revenue is forecast to grow 53% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 18
Consensus EPS estimates fall by 60% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.81b to CN¥4.35b. EPS estimate also fell from CN¥9.03 per share to CN¥3.60 per share. Net income forecast to grow 23% next year vs 45% growth forecast for Electrical industry in China. Consensus price target down from CN¥113 to CN¥98.65. Share price fell 11% to CN¥77.78 over the past week. Reported Earnings • Apr 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥2.97 (down from CN¥8.22 in FY 2022). Revenue: CN¥3.30b (down 45% from FY 2022). Net income: CN¥515.6m (down 60% from FY 2022). Profit margin: 16% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 44%. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Apr 12
Pylon Technologies Co., Ltd., Annual General Meeting, May 16, 2024 Pylon Technologies Co., Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: No. 699, Zhangjiang Bibo Road, Pudong New Area, Shanghai China Price Target Changed • Apr 12
Price target decreased by 14% to CN¥103 Down from CN¥119, the current price target is an average from 4 analysts. New target price is 24% above last closing price of CN¥83.30. Stock is down 68% over the past year. The company is forecast to post earnings per share of CN¥10.65 for next year compared to CN¥3.14 last year. Announcement • Mar 29
Pylon Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Pylon Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥99.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.53 per share. Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥3.14 (down from CN¥8.22 in FY 2022). Revenue: CN¥3.35b (down 44% from FY 2022). Net income: CN¥545.9m (down 57% from FY 2022). Profit margin: 16% (down from 21% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 41%. Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Feb 20
Pylon Technologies Co., Ltd. (SHSE:688063) announces an Equity Buyback for CNY 200 million worth of its shares. Pylon Technologies Co., Ltd. (SHSE:688063) announces a share repurchase program. Under the program, the company will repurchase up to CNY 200 million worth of its shares. The shares will be repurchased at no more than CNY 145.51 per share. The purpose of the program is to use the repurchased shares for equity incentives or employee stock ownership plans. If the company fails to use the repurchased shares for the said purpose within 3 years of completion of the program, the unused shares will be cancelled. The program will be funded from company's own funds. The plan will be valid for 12 months. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥81.79, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Electrical industry in China. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥152 per share. New Risk • Jan 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (36% accrual ratio). Minor Risks Dividend is not well covered by cash flows (128% cash payout ratio). Shareholders have been diluted in the past year (13% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥112, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Electrical industry in China. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥153 per share. Announcement • Dec 29
Pylon Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2024 Pylon Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: CN¥0.22 loss per share (vs CN¥2.46 profit in 3Q 2022) Third quarter 2023 results: CN¥0.22 loss per share (down from CN¥2.46 profit in 3Q 2022). Revenue: CN¥492.3m (down 71% from 3Q 2022). Net loss: CN¥38.3m (down 110% from profit in 3Q 2022). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 43% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥7.34b to CN¥4.20b. EPS estimate fell from CN¥9.66 to CN¥5.18 per share. Net income forecast to grow 5.9% next year vs 56% growth forecast for Electrical industry in China. Consensus price target down from CN¥279 to CN¥241. Share price fell 3.7% to CN¥114 over the past week. Price Target Changed • Aug 28
Price target decreased by 15% to CN¥297 Down from CN¥350, the current price target is an average from 5 analysts. New target price is 120% above last closing price of CN¥135. Stock is down 71% over the past year. The company is forecast to post earnings per share of CN¥11.39 for next year compared to CN¥8.22 last year. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥1.32 (vs CN¥1.05 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.32 (up from CN¥1.05 in 2Q 2022). Revenue: CN¥716.3m (down 31% from 2Q 2022). Net income: CN¥231.2m (up 43% from 2Q 2022). Profit margin: 32% (up from 16% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Announcement • Aug 25
Pylon Technologies Co., Ltd. (SHSE:688063) announces an Equity Buyback for CNY 120 million worth of its shares. Pylon Technologies Co., Ltd. (SHSE:688063) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth of its shares. The program is valid for 12 months. Buying Opportunity • Jun 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CN¥239, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 80% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 149% in 2 years. Earnings is forecast to grow by 121% in the next 2 years. Buying Opportunity • Jun 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be CN¥241, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 80% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 149% in 2 years. Earnings is forecast to grow by 121% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥213, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥309 per share. Buying Opportunity • Apr 24
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be CN¥310, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 67% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 39% per annum. Earnings is also forecast to grow by 35% per annum over the same time period. Price Target Changed • Apr 15
Price target decreased by 9.9% to CN¥406 Down from CN¥451, the current price target is an average from 3 analysts. New target price is 56% above last closing price of CN¥260. Stock is up 75% over the past year. The company is forecast to post earnings per share of CN¥14.84 for next year compared to CN¥8.22 last year. Reported Earnings • Apr 13
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥8.22 (up from CN¥2.04 in FY 2021). Revenue: CN¥6.01b (up 192% from FY 2021). Net income: CN¥1.27b (up 303% from FY 2021). Profit margin: 21% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electrical industry in China. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥316, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Electrical industry in China. Total returns to shareholders of 60% over the past year. Price Target Changed • Nov 16
Price target increased to CN¥345 Up from CN¥262, the current price target is an average from 3 analysts. New target price is 11% above last closing price of CN¥310. Stock is up 32% over the past year. The company is forecast to post earnings per share of CN¥5.18 for next year compared to CN¥2.04 last year. 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. 6 experienced directors. No highly experienced directors. 1 independent director (3 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. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥309, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Electrical industry in China. Total returns to shareholders of 41% over the past year. Major Estimate Revision • Oct 26
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥5.23b to CN¥5.52b. EPS estimate increased from CN¥4.79 to CN¥5.45 per share. Net income forecast to grow 119% next year vs 50% growth forecast for Electrical industry in China. Consensus price target of CN¥345 unchanged from last update. Share price was steady at CN¥395 over the past week. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: CN¥2.46 (vs CN¥0.62 in 3Q 2021) Third quarter 2022 results: EPS: CN¥2.46 (up from CN¥0.62 in 3Q 2021). Revenue: CN¥1.71b (up 180% from 3Q 2021). Net income: CN¥381.3m (up 296% from 3Q 2021). Profit margin: 22% (up from 16% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 27% growth forecast for the Electrical industry in China. Major Estimate Revision • Sep 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥5.25b to CN¥5.06b. EPS estimate rose from CN¥3.88 to CN¥4.45. Net income forecast to grow 142% next year vs 49% growth forecast for Electrical industry in China. Consensus price target up from CN¥262 to CN¥345. Share price fell 6.9% to CN¥419 over the past week. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥1.05 (vs CN¥0.62 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.05 (up from CN¥0.62 in 2Q 2021). Revenue: CN¥1.04b (up 145% from 2Q 2021). Net income: CN¥162.3m (up 70% from 2Q 2021). Profit margin: 16% (down from 23% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 110%, compared to a 55% growth forecast for the Electrical industry in China. Announcement • Jun 11
Pylon Technologies Co., Ltd. announced that it expects to receive CNY 5 billion in funding Pylon Technologies Co., Ltd. announced a private placement of 46,453,359 A Shares for gross proceeds of not more than CNY 5,000,000,000 on June 9, 2022. The transaction will include participation from not more than 35 subscribers will be legal persons, natural persons or other legal investment organizations, securities investment fund management companies, securities companies, and qualified foreign institutions, trust companies. The issue price is not lower than 80% of the company's average stock trading price in the 20 trading days before the pricing reference date. The final issue price will be approved by the Shanghai Stock Exchange after the issuance application is approved by the China Securities Regulatory Commission. The number of shares to be issued does not exceed 30% of the total share capital of 154,844,533 shares before the issuance. The transaction has been reviewed and approved at the 23rd meeting of the second board of directors of the company, and it still needs to be reviewed and approved by the company's shareholders meeting, the Shanghai Stock Exchange and the China Securities Regulatory Commission. The shares to be issued to shall have a lock up period of 6 months from the closing of the transaction. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥171, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 18x in the Electrical industry in China. Total returns to shareholders of 9.4% over the past year. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.65 (up from CN¥0.38 in 1Q 2021). Revenue: CN¥814.2m (up 216% from 1Q 2021). Net income: CN¥101.3m (up 71% from 1Q 2021). Profit margin: 12% (down from 23% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 79%, compared to a 51% growth forecast for the industry in China. 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. 6 experienced directors. No highly experienced directors. 1 independent director (3 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. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥148, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 19x in the Electrical industry in China. Total loss to shareholders of 4.0% over the past year. Reported Earnings • Apr 08
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥2.04. Revenue: CN¥2.06b (up 84% from FY 2020). Net income: CN¥316.2m (up 15% from FY 2020). Profit margin: 15% (down from 25% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 23%, compared to a 66% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥114, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 23x in the Electrical industry in China. Total loss to shareholders of 32% over the past year. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥2.04 (down from CN¥2.36 in FY 2020). Revenue: CN¥2.06b (up 84% from FY 2020). Net income: CN¥315.7m (up 15% from FY 2020). Profit margin: 15% (down from 25% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 40%, compared to a 60% growth forecast for the industry in China. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.62 (vs CN¥0.63 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¥613.1m (up 95% from 3Q 2020). Net income: CN¥96.3m (up 32% from 3Q 2020). Profit margin: 16% (down from 23% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS CN¥0.62 (vs CN¥0.63 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¥424.1m (up 35% from 2Q 2020). Net income: CN¥95.6m (up 31% from 2Q 2020). Profit margin: 23% (in line with 2Q 2020). Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥178, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 25x in the Electrical industry in China. Announcement • Jan 26
Pylon Technologies Co., Ltd. to Report Fiscal Year 2020 Results on Apr 28, 2021 Pylon Technologies Co., Ltd. announced that they will report fiscal year 2020 results on Apr 28, 2021