Announcement • Jun 30
Shenzhen V&T Technologies Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Shenzhen V&T Technologies Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Declared Dividend • Jun 04
Dividend of CN¥0.16 announced Dividend of CN¥0.16 is the same as last year. Ex-date: 9th June 2026 Payment date: 9th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (68% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control. However, EPS has declined by 6.8% over the last 5 years so the company would need to reverse this trend. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jianyou Wang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Shenzhen V&T Technologies Co., Ltd., Annual General Meeting, May 18, 2026 Shenzhen V&T Technologies Co., Ltd., Annual General Meeting, May 18, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen V&T Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shenzhen V&T Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Shenzhen V&T Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shenzhen V&T Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Announcement • Sep 30
Shenzhen V&T Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen V&T Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
Shenzhen V&T Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Shenzhen V&T Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Announcement • Apr 26
Shenzhen V&T Technologies Co., Ltd., Annual General Meeting, May 20, 2025 Shenzhen V&T Technologies Co., Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen V&T Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen V&T Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Mar 14
Shenzhen V&T Technologies Co., Ltd. Approves Election of Directors Shenzhen V&T Technologies Co., Ltd. at the Extraordinary General Meeting held on 12 March 2025 approved election and nomination of independent directors, cumulative voting system applicable: Ye Peiqing, independent director; Zhou Qing, independent director; Wang Jianyou, independent director. Announcement • Dec 31
Shenzhen V&T Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen V&T Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.025 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.025 (up from CN¥0.02 in 3Q 2023). Revenue: CN¥88.8m (up 19% from 3Q 2023). Net income: CN¥5.05m (up 19% from 3Q 2023). Profit margin: 5.7% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Oct 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Meilian Zheng was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 158% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.8% net profit margin). Announcement • Sep 30
Shenzhen V&T Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen V&T Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.033 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.04 (up from CN¥0.033 in 2Q 2023). Revenue: CN¥77.3m (down 4.1% from 2Q 2023). Net income: CN¥8.34m (up 20% from 2Q 2023). Profit margin: 11% (up from 8.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Shenzhen V&T Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shenzhen V&T Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • Jun 05
Dividend reduced to CN¥0.16 Dividend of CN¥0.16 is 56% lower than last year. Ex-date: 7th June 2024 Payment date: 7th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (169% earnings payout ratio) nor is it covered by cash flows (125% cash payout ratio). The dividend has increased by an average of 9.9% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 87% to bring the payout ratio under control. However, EPS has declined by 7.3% over the last 5 years so the company would need to reverse this trend. New Risk • May 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 169% Cash payout ratio: 283% Dividend yield: 1.9% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 169% Cash payout ratio: 283% Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin). Announcement • Apr 21
Shenzhen V&T Technologies Co., Ltd., Annual General Meeting, May 14, 2024 Shenzhen V&T Technologies Co., Ltd., Annual General Meeting, May 14, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥11.52, the stock trades at a trailing P/E ratio of 61.1x. Average trailing P/E is 27x in the Electrical industry in China. Total loss to shareholders of 1.6% over the past three years. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥14.93, the stock trades at a trailing P/E ratio of 74.2x. Average trailing P/E is 32x in the Electrical industry in China. Total returns to shareholders of 36% over the past three years. Announcement • Mar 30
Shenzhen V&T Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 20, 2024 Shenzhen V&T Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 20, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥11.16, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 32x in the Electrical industry in China. Total loss to shareholders of 5.2% over the past three years. Buy Or Sell Opportunity • Mar 13
Now 35% overvalued Over the last 90 days, the stock has fallen 9.3% to CN¥11.16. The fair value is estimated to be CN¥8.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥8.31, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 27x in the Electrical industry in China. Total loss to shareholders of 27% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to CN¥7.03, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 23x in the Electrical industry in China. Total loss to shareholders of 31% over the past three years. New Risk • Feb 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 6.6% 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 earnings (175% payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥10.25, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 32x in the Electrical industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Dec 29
Shenzhen V&T Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Shenzhen V&T Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.10 in 3Q 2022). Revenue: CN¥74.6m (down 29% from 3Q 2022). Net income: CN¥4.23m (down 80% from 3Q 2022). Profit margin: 5.7% (down from 20% in 3Q 2022). Revenue is forecast to grow 64% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shenzhen V&T Technologies Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Shenzhen V&T Technologies Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.14 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥80.6m (down 35% from 2Q 2022). Net income: CN¥6.95m (down 76% from 2Q 2022). Profit margin: 8.6% (down from 23% in 2Q 2022). The decrease in margin was driven by lower revenue. 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. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 27
Shenzhen V&T Technologies Co., Ltd. Announces Cash Dividend for the Year 2022, Payable on May 31, 2023 Shenzhen V&T Technologies Co., Ltd. announced implementation of cash dividend/10 shares (tax included) of CNY 3.60000000 for the year 2022. Record date: 30 May 2023. Ex-date: 31 May 2023. Payment date: 31 May 2023. Announcement • May 19
Shenzhen V&T Technologies Co., Ltd. Approves Cash Dividend for the Year 2022 Shenzhen V&T Technologies Co., Ltd. announced that at its Annual General Meeting held on 17 May 2023, approved cash dividend/10 shares (tax included) of CNY 3.60000000 for the year 2022. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.052 (vs CN¥0.064 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.052 (down from CN¥0.064 in 1Q 2022). Revenue: CN¥68.1m (down 29% from 1Q 2022). Net income: CN¥10.8m (down 18% from 1Q 2022). Profit margin: 16% (up from 14% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 61% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electrical industry in China. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥14.20, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 39x in the Electrical industry in China. Total returns to shareholders of 82% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.081 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.10 (up from CN¥0.081 in 3Q 2021). Revenue: CN¥104.5m (down 21% from 3Q 2021). Net income: CN¥20.8m (up 24% from 3Q 2021). Profit margin: 20% (up from 13% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.12 in 2Q 2021). Revenue: CN¥123.6m (down 26% from 2Q 2021). Net income: CN¥28.4m (up 27% from 2Q 2021). Profit margin: 23% (up from 14% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥16.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% per annum over the last 3 years. Earnings per share has grown by 44% per annum over the last 3 years. Reported Earnings • Feb 21
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.30 (up from CN¥0.25 in FY 2020). Revenue: CN¥511.9m (up 28% from FY 2020). Net income: CN¥61.6m (up 18% from FY 2020). Profit margin: 12% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 26%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.056 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥132.2m (up 2.4% from 3Q 2020). Net income: CN¥16.8m (up 45% from 3Q 2020). Profit margin: 13% (up from 9.0% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Board Change • Sep 25
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. 12 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improved over the past week After last week's 32% share price gain to CN¥15.70, the stock trades at a trailing P/E ratio of 65.8x. Average trailing P/E is 31x in the Electrical industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.05 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥86.3m (up 19% from 1Q 2020). Net income: CN¥8.89m (down 15% from 1Q 2020). Profit margin: 10% (down from 14% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥12.22 The company is down 37% from its price of CN¥19.33 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 24% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥14.73 The company is down 10.0% from its price of CN¥16.40 on 30 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. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥32.0m, with losses narrowing by 55% from the prior year. Total revenue was CN¥408.9m over the last 12 months, up 12% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day high: CN¥16.20 The company is up 62% from its price of CN¥9.97 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period.