New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Buy Or Sell Opportunity • May 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to CN¥30.60. The fair value is estimated to be CN¥39.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 22
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: CN¥0.10 loss per share (improved from CN¥1.70 loss in FY 2024). Revenue: CN¥525.1m (up 277% from FY 2024). Net loss: CN¥16.4m (loss narrowed 94% from FY 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 13, 2026 Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Announcement • Mar 30
Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Reported Earnings • Mar 05
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: CN¥0.10 loss per share (improved from CN¥1.70 loss in FY 2024). Revenue: CN¥525.1m (up 277% from FY 2024). Net loss: CN¥16.2m (loss narrowed 94% from FY 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. New Risk • Mar 03
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 9.9% 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. This is currently the only risk that has been identified for the company. New Risk • Dec 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 7.4% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 26
Chengdu M&S Electronics Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Announcement • Dec 11
Sichuan Development Leading Capital Management Co., Ltd. completed the acquisition of 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong. Sichuan Development Leading Capital Management Co., Ltd. agreed to acquire 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong for approximately CNY 320 million on October 16, 2025.
Sichuan Development Leading Capital Management Co., Ltd. completed the acquisition of 6.25% stake in Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) from Chengdu Rongtou Innovation Investment Co., Ltd., Nanjing Mengsheng Zhihe Enterprise Management Partnership Enterprise (Limited Partnership), Nanjing Mengsheng Chuanghe Enterprise Management Partnership Enterprise (Limited Partnership) and Xiang Rong on December 9, 2025. Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.061 loss per share (vs CN¥0.53 loss in 3Q 2024) Third quarter 2025 results: CN¥0.061 loss per share (improved from CN¥0.53 loss in 3Q 2024). Revenue: CN¥128.5m (up CN¥121.4m from 3Q 2024). Net loss: CN¥10.4m (loss narrowed 88% from 3Q 2024). Revenue is forecast to grow 54% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Chengdu M&S Electronics Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 30
Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 22, 2025 Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 22, 2025, at 14:00 China Standard Time. Reported Earnings • Apr 25
First quarter 2025 earnings released: CN¥0.09 loss per share (vs CN¥0.14 loss in 1Q 2024) First quarter 2025 results: CN¥0.09 loss per share (improved from CN¥0.14 loss in 1Q 2024). Revenue: CN¥21.1m (up 48% from 1Q 2024). Net loss: CN¥15.0m (loss narrowed 31% from 1Q 2024). Revenue is forecast to grow 65% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 116 percentage points per year, which is a significant difference in performance. Announcement • Mar 28
Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CN¥1.68 loss per share (further deteriorated from CN¥0.43 loss in FY 2023). Revenue: CN¥151.3m (down 54% from FY 2023). Net loss: CN¥267.7m (loss widened 376% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Dec 27
Chengdu M&S Electronics Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Price Target Changed • Dec 10
Price target decreased by 42% to CN¥35.00 Down from CN¥60.00, the current price target is provided by 1 analyst. New target price is 6.5% above last closing price of CN¥32.85. Stock is down 38% over the past year. The company is forecast to post a net loss per share of CN¥1.25 next year compared to a net loss per share of CN¥0.43 last year. Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.53 loss per share (vs CN¥0.80 loss in 3Q 2023) Third quarter 2024 results: CN¥0.53 loss per share. Revenue: CN¥7.03m (down 82% from 3Q 2023). Net loss: CN¥84.6m (loss widened 333% from 3Q 2023). Revenue is forecast to grow 92% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Aerospace & Defense industry in China. New Risk • Sep 30
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 9.5% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Chengdu M&S Electronics Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Announcement • Jun 28
Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • Apr 29
Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 17, 2024 Chengdu M&S Electronics Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Chengdu, Sichuan China Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.43 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥331.3m (down 31% from FY 2022). Net loss: CN¥56.3m (down 317% from profit in FY 2022). Revenue missed analyst estimates by 38%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 62% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Chengdu M&S Electronics Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.40 loss per share (down from CN¥0.16 profit in FY 2022). Revenue: CN¥334.4m (down 30% from FY 2022). Net loss: CN¥52.6m (down 303% from profit in FY 2022). Revenue missed analyst estimates by 38%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Oct 31
Consensus revenue estimates fall by 30% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥805.0m to CN¥562.0m. EPS estimate fell from CN¥1.47 to CN¥0.76 per share. Net income forecast to grow 969% next year vs 56% growth forecast for Aerospace & Defense industry in China. Consensus price target of CN¥44.14 unchanged from last update. Share price rose 15% to CN¥51.38 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings released: CN¥0.80 loss per share (vs CN¥0.001 loss in 3Q 2022) Third quarter 2023 results: CN¥0.80 loss per share (further deteriorated from CN¥0.001 loss in 3Q 2022). Revenue: CN¥40.0m (down 62% from 3Q 2022). Net loss: CN¥19.5m (loss widened CN¥19.4m from 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: CN¥0.44 (vs CN¥0.20 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.44 (up from CN¥0.20 in 2Q 2022). Revenue: CN¥193.0m (up 66% from 2Q 2022). Net income: CN¥50.6m (up 125% from 2Q 2022). Profit margin: 26% (up from 19% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Aerospace & Defense industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Chengdu M&S Electronics Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Chengdu M&S Electronics Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.23 (down from CN¥1.18 in FY 2021). Revenue: CN¥478.9m (flat on FY 2021). Net income: CN¥26.0m (down 81% from FY 2021). Profit margin: 5.4% (down from 28% in FY 2021). Revenue missed analyst estimates by 32%. Earnings per share (EPS) also missed analyst estimates by 86%. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.24 (vs CN¥1.18 in FY 2021) Full year 2022 results: EPS: CN¥0.24 (down from CN¥1.18 in FY 2021). Revenue: CN¥472.4m (flat on FY 2021). Net income: CN¥27.0m (down 80% from FY 2021). Profit margin: 5.7% (down from 28% in FY 2021). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.03 profit in 3Q 2021) Third quarter 2022 results: CN¥0.002 loss per share (down from CN¥0.03 profit in 3Q 2021). Revenue: CN¥103.9m (up 60% from 3Q 2021). Net loss: CN¥160.4k (down 105% from profit in 3Q 2021). Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Aerospace & Defense industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (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: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥64.50, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 33x in the Aerospace & Defense industry in China. Total loss to shareholders of 3.7% over the past year. Announcement • Mar 04
Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) announces an Equity Buyback for CNY 50 million worth of its shares. Chengdu M&S Electronics Technology Co.,Ltd. (SHSE:688311) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million. The shares will be repurchased at a price of not more than CNY 70 per share. The shares repurchased this time are intended to be used for the implementation of employee stock ownership plans or equity incentives. The source of funds for the repurchase of shares is the company's own funds. The program will be valid for a period of 12 months. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.22 (up from CN¥1.09 in FY 2020). Revenue: CN¥483.2m (up 14% from FY 2020). Net income: CN¥139.8m (up 31% from FY 2020). Profit margin: 29% (up from 25% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 62%, compared to a 32% growth forecast for the industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.024 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥65.2m (up 21% from 3Q 2020). Net income: CN¥3.36m (up 51% from 3Q 2020). Profit margin: 5.2% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.34 (vs CN¥0.45 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥149.4m (up 44% from 2Q 2020). Net income: CN¥47.0m (up 21% from 2Q 2020). Profit margin: 31% (down from 38% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • Aug 05
Chengdu M&S Electronics Technology Co.,Ltd.(SHSE:688311) dropped from Shenzhen Stock Exchange Composite Index Chengdu M&S Electronics Technology Co.,Ltd. has been removed from Shenzhen SE Composite index . Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥79.85, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 40x in the Aerospace & Defense industry in China. Reported Earnings • May 05
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.07 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¥19.9m (up 33% from 1Q 2020). Net income: CN¥916.8k (up CN¥6.93m from 1Q 2020). Profit margin: 4.6% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥71.60 The company is down 21% from its price of CN¥90.77 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.64 per share. Analyst Estimate Surprise Post Earnings • Mar 04
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 68%, compared to a 21% growth forecast for the Aerospace & Defense industry in China. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.09 (vs CN¥0.86 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥413.7m (up 46% from FY 2019). Net income: CN¥109.7m (up 50% from FY 2019). Profit margin: 27% (in line with FY 2019). Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥76.00, the stock is trading at a trailing P/E ratio of 79.9x, down from the previous P/E ratio of 98x. This compares to an average P/E of 66x in the Aerospace & Defense industry in China. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥88.69 The company is down 5.0% from its price of CN¥93.27 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.94 per share. Is New 90 Day High Low • Dec 23
New 90-day high: CN¥110 The company is up 6.0% from its price of CN¥104 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 Aerospace & Defense industry, which is up 3.0% over the same period. 
