Announcement • Jul 23
Sinomag Technology Co., Ltd. Announces Board Appointments Sinomag Technology Co., Ltd. held its 3rd Extraordinary General Meeting of 2026 on July 20, 2026 announced appointment of Xiong MeiJia as non-independent director, Zhou Jianbin as independent director and Xing Changlei as independent director. Announcement • Jun 30
Sinomag Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Sinomag Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥114, the stock trades at a trailing P/E ratio of 79x. Average trailing P/E is 64x in the Electrical industry in China. Total returns to shareholders of 304% over the past three years. Upcoming Dividend • May 06
Upcoming dividend of CN¥0.20 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 13 May 2026. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (1.2%). New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • Apr 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 10% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: CN¥1.44 (vs CN¥0.94 in FY 2024) Full year 2025 results: EPS: CN¥1.44 (up from CN¥0.94 in FY 2024). Revenue: CN¥1.29b (up 10% from FY 2024). Net income: CN¥168.5m (up 52% from FY 2024). Profit margin: 13% (up from 9.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 01
Sinomag Technology Co., Ltd., Annual General Meeting, Apr 27, 2026 Sinomag Technology Co., Ltd., Annual General Meeting, Apr 27, 2026, at 14:30 China Standard Time. Location: 23F, Building 1, No. 3818, Nanerhuan Road, Municipal District, Hefei, Anhui China Announcement • Mar 31
Sinomag Technology Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Sinomag Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥78.92, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 60x in the Electrical industry in China. Total returns to shareholders of 113% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥90.21, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 58x in the Electrical industry in China. Total returns to shareholders of 123% over the past three years. Announcement • Dec 31
Sinomag Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Sinomag Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥64.64, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 48x in the Electrical industry in China. Total returns to shareholders of 141% over the past three years. Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.40 (vs CN¥0.30 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.40 (up from CN¥0.30 in 3Q 2024). Revenue: CN¥346.3m (up 21% from 3Q 2024). Net income: CN¥48.1m (up 38% from 3Q 2024). Profit margin: 14% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥59.40, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 50x in the Electrical industry in China. Total returns to shareholders of 105% over the past three years. Announcement • Sep 30
Sinomag Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Sinomag Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 New Risk • Sep 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥57.23, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 47x in the Electrical industry in China. Total returns to shareholders of 94% over the past three years. New Risk • Aug 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.48 (vs CN¥0.29 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.48 (up from CN¥0.29 in 2Q 2024). Revenue: CN¥334.6m (up 11% from 2Q 2024). Net income: CN¥56.8m (up 68% from 2Q 2024). Profit margin: 17% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥61.00, the stock trades at a trailing P/E ratio of 65x. Average trailing P/E is 44x in the Electrical industry in China. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥46.50, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 44x in the Electrical industry in China. Total returns to shareholders of 37% over the past three years. Announcement • Jul 02
Sinomag Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Sinomag Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥38.40, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 40x in the Electrical industry in China. Total returns to shareholders of 30% over the past three years. New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (56% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Apr 22
Sinomag Technology Co., Ltd. Proposes Final Cash Dividend for 2024 Sinomag Technology Co., Ltd. proposed final cash dividend of CNY 2.00000000 per 10 shares (tax included) for 2024. Reported Earnings • Apr 21
Full year 2024 earnings released: EPS: CN¥0.94 (vs CN¥0.62 in FY 2023) Full year 2024 results: EPS: CN¥0.94 (up from CN¥0.62 in FY 2023). Revenue: CN¥1.17b (up 9.3% from FY 2023). Net income: CN¥111.1m (up 50% from FY 2023). Profit margin: 9.5% (up from 6.9% in FY 2023). The increase in margin was driven by higher 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 13% per year, which means it is well ahead of earnings. Announcement • Apr 21
Sinomag Technology Co., Ltd., Annual General Meeting, May 16, 2025 Sinomag Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 23F, Building 1, No. 3818, South 2nd Ring Road, Municipal District, Hefei, Anhui China New Risk • Apr 07
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: Minor Risks Dividend is not well covered by cash flows (140% cash payout ratio). Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥30.88, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 40x in the Electrical industry in China. Total loss to shareholders of 1.7% over the past three years. Announcement • Mar 31
Sinomag Technology Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Sinomag Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥40.39, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 23% over the past three years. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Dec 31
Sinomag Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Sinomag Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥36.30, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 35x in the Electrical industry in China. Total loss to shareholders of 15% over the past three years. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥285.5m (up 8.9% from 3Q 2023). Net income: CN¥34.7m (up 15% from 3Q 2023). Profit margin: 12% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥26.52, the stock trades at a trailing P/E ratio of 30.3x. Average trailing P/E is 30x in the Electrical industry in China. Total returns to shareholders of 1.6% over the past three years. Announcement • Sep 30
Sinomag Technology Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Sinomag Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥28.22, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 29x in the Electrical industry in China. Total returns to shareholders of 13% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.18 in 2Q 2023). Revenue: CN¥302.3m (up 17% from 2Q 2023). Net income: CN¥33.9m (up 155% from 2Q 2023). Profit margin: 11% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Announcement • Jul 03
Sinomag Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 09 July 2024 Sinomag Technology Co., Ltd. announced final cash dividend of CNY 2.00 per 10 shares on A shares (tax included) for the year 2023. Record date: 08 July 2024, Ex-date: 09 July 2024 and Payment date: 09 July 2024. Announcement • Jun 29
Sinomag Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Sinomag Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥29.05, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 29x in the Electrical industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Apr 24
Sinomag Technology Co., Ltd., Annual General Meeting, May 15, 2024 Sinomag Technology Co., Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: 23F, Building 1, No. 3818, South 2nd Ring Road, Municipal District, Hefei, Anhui China Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: CN¥0.62 (vs CN¥0.88 in FY 2022) Full year 2023 results: EPS: CN¥0.62 (down from CN¥0.88 in FY 2022). Revenue: CN¥1.07b (up 15% from FY 2022). Net income: CN¥73.9m (down 30% from FY 2022). Profit margin: 6.9% (down from 11% in FY 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥20.71, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 29x in the Electrical industry in China. Total loss to shareholders of 35% over the past three years. Announcement • Mar 30
Sinomag Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Sinomag Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥21.40, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 26x in the Electrical industry in China. Total loss to shareholders of 20% over the past three years. Announcement • Feb 01
Sinomag Technology Co., Ltd. (SZSE:300835) announces an Equity Buyback for CNY 60 million worth of its shares. Sinomag Technology Co., Ltd. (SZSE:300835) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its A shares. The shares will be repurchased at no more than CNY 40 per share. The purpose of the program is to safeguard Company value and shareholder rights. The program will be valid for 3 months. New Risk • Jan 22
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 6.0% 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 High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (8.1% net profit margin). Announcement • Dec 30
Sinomag Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Sinomag Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (down from CN¥0.26 in 3Q 2022). Revenue: CN¥262.2m (up 15% from 3Q 2022). Net income: CN¥30.3m (flat on 3Q 2022). Profit margin: 12% (down from 13% in 3Q 2022). 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 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.24 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (down from CN¥0.24 in 2Q 2022). Revenue: CN¥257.6m (up 16% from 2Q 2022). Net income: CN¥13.3m (down 54% from 2Q 2022). Profit margin: 5.2% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Jul 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥36.94, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 39x in the Electrical industry in China. Total loss to shareholders of 12% over the past three years. Announcement • May 10
Sinomag Technology Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 16 May 2023 Sinomag Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares) of CNY 2.00000000 per 10 shares (tax included), with Record date: 15 May 2023 Ex-date: 16 May 2023; and Payment date: 16 May 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.23 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.23 in 1Q 2022). Revenue: CN¥259.5m (up 16% from 1Q 2022). Net income: CN¥15.3m (down 45% from 1Q 2022). Profit margin: 5.9% (down from 12% in 1Q 2022). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥36.40, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 36x in the Electrical industry in China. Total loss to shareholders of 1.8% over the past year. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥48.20, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 32% over the past year. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥35.01, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 35x in the Electrical industry in China. Total loss to shareholders of 26% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Jiemiao Chen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.35 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.52. Revenue: CN¥228.8m (up 11% from 3Q 2021). Net income: CN¥30.5m (down 27% from 3Q 2021). Profit margin: 13% (down from 20% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.45 (vs CN¥0.28 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.45. Revenue: CN¥223.0m (up 1.0% from 2Q 2021). Net income: CN¥28.9m (down 13% from 2Q 2021). Profit margin: 13% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥36.23, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 44% over the past year. Announcement • May 08
Sinomag Technology Co., Ltd. (SZSE:300835) announces an Equity Buyback for CNY 80 million worth of its shares. Sinomag Technology Co., Ltd. (SZSE:300835) announces a share repurchase program. Under the program, the company will repurchase up to CNY 80 million worth of its A shares. The shares will be repurchased at a price not more than CNY 45 per share. The repurchased shares will be used for the implementation of employee stock ownership plans or equity incentives. The company will repurchase shares with its own funds. The program will be valid for a period of 12 months. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief Financial Officer, Secretary of the Board of Directors & Non-Independent Director Lin He was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥26.79, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 32x in the Electrical industry in China. Total loss to shareholders of 13% over the past year. Announcement • Apr 13
Sinomag Technology Co., Ltd. Announces 2021 Final Profit Distribution, Payable on April 18, 2022 Sinomag Technology Co., Ltd. announced 2021 final profit distribution of cash dividend of CNY 2.00000000 per 10 shares, payable on April 18, 2022. Record date: April 15, 2022. Ex-date: April 18, 2022. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥66.02, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 25% over the past year. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥1.85 (up from CN¥1.08 in FY 2020). Revenue: CN¥804.7m (up 44% from FY 2020). Net income: CN¥131.0m (up 92% from FY 2020). Profit margin: 16% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 36% share price gain to CN¥62.12, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 41x in the Electrical industry in China. Total loss to shareholders of 1.4% over the past year. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.59 (vs CN¥0.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥205.4m (up 40% from 3Q 2020). Net income: CN¥41.6m (up 145% from 3Q 2020). Profit margin: 20% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.47 (vs CN¥0.15 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥220.7m (up 109% from 2Q 2020). Net income: CN¥33.1m (up 270% from 2Q 2020). Profit margin: 15% (up from 8.5% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Jun 01
Sinomag Technology Co., Ltd. Announces 2020 Final Distribution Plan to Be Implemented (A Shares), Payment Date is 08 June 2021 Sinomag Technology Co., Ltd. announced 2020 final distribution plan to be implemented (A shares). The company announced Cash dividend per 10 shares (tax included) is CNY 2.00000000. Record date: 07 June 2021; Ex-date: 08 June 2021; Payment date: 08 June 2021. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥40.48, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 30x in the Electrical industry in China. Total returns to shareholders of 29% over the past year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.41 (vs CN¥0.22 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥181.8m (up 59% from 1Q 2020). Net income: CN¥29.1m (up 152% from 1Q 2020). Profit margin: 16% (up from 10% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS CN¥1.08 (vs CN¥1.60 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥559.1m (up 1.5% from FY 2019). Net income: CN¥68.2m (down 19% from FY 2019). Profit margin: 12% (down from 15% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Feb 24
Sinomag Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 27, 2021 Sinomag Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 27, 2021 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥53.90, the stock is trading at a trailing P/E ratio of 52.1x, up from the previous P/E ratio of 45x. This compares to an average P/E of 34x in the Electrical industry in China. Is New 90 Day High Low • Jan 12
New 90-day low: CN¥45.20 The company is down 18% from its price of CN¥55.13 on 14 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥50.55 The company is down 4.0% from its price of CN¥52.47 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 29% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: CN¥69.97 The company is up 4.0% from its price of CN¥67.33 on 14 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electrical industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 20% share price gain to CN¥64.85, the stock is trading at a trailing P/E ratio of 62.6x, up from the previous P/E ratio of 52.3x. This compares to an average P/E of 41x in the Electrical industry in China. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥60.3m, down 29% from the prior year. Total revenue was CN¥525.7m over the last 12 months, largely unchanged from the prior year. Announcement • Aug 01
Sinomag Technology Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Sinomag Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 
