Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥40.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Electrical industry in China. Total loss to shareholders of 23% over the past year. Announcement • Jun 30
Shanghai Ruking Technologies Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Shanghai Ruking Technologies Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥44.67, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Electrical industry in China. Total loss to shareholders of 18% over the past year. Declared Dividend • Jun 08
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 11th June 2026 Payment date: 11th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (46% 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 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 177% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥69.55, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 26x in the Electrical industry in China. Total loss to shareholders of 5.8% over the past year. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Chairman of the Supervisory Board Wei Bu was the last director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 28
Shanghai Ruking Technologies Co., Ltd., Annual General Meeting, May 22, 2026 Shanghai Ruking Technologies Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shanghai China Announcement • Mar 31
Shanghai Ruking Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shanghai Ruking Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Shanghai Ruking Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shanghai Ruking Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Announcement • Sep 30
Shanghai Ruking Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shanghai Ruking Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Shanghai Ruking Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shanghai Ruking Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Apr 25
Shanghai Ruking Technologies Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Shanghai Ruking Technologies Co., Ltd. proposed final cash dividend of CNY 3.50000000 per ten shares (tax included) for the year 2024. Announcement • Apr 24
Shanghai Ruking Technologies Co., Ltd., Annual General Meeting, May 22, 2025 Shanghai Ruking Technologies Co., Ltd., Annual General Meeting, May 22, 2025, at 14:30 China Standard Time. Location: 12F, Building B5, Lane 1688, Guoquan North Road, Yangpu District, Shanghai China Announcement • Mar 31
Shanghai Ruking Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Shanghai Ruking Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Shanghai Ruking Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Shanghai Ruking Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.59 (vs CN¥1.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.59 (down from CN¥1.07 in 3Q 2023). Revenue: CN¥353.3m (down 16% from 3Q 2023). Net income: CN¥55.3m (down 35% from 3Q 2023). Profit margin: 16% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue. 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. 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¥57.25, the stock trades at a trailing P/E ratio of 27.8x. Average forward P/E is 18x in the Electrical industry in China. Announcement • Sep 30
Shanghai Ruking Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 28, 2024 Shanghai Ruking Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥54.78, the stock trades at a trailing P/E ratio of 26.6x. Average forward P/E is 17x in the Electrical industry in China. New Risk • Sep 20
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 6.7% 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: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (33% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥50.26, the stock trades at a trailing P/E ratio of 24.4x. Average forward P/E is 15x in the Electrical industry in China. Reported Earnings • Aug 29
Second quarter 2024 earnings released Second quarter 2024 results: EPS: CN¥0.53. Net income: CN¥50.4m (up CN¥50.4m from 2Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Electrical industry in China. Announcement • Jun 29
Shanghai Ruking Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shanghai Ruking Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Apr 25
Shanghai Ruking Technologies Co., Ltd., Annual General Meeting, May 30, 2024 Shanghai Ruking Technologies Co., Ltd., Annual General Meeting, May 30, 2024, at 14:00 China Standard Time. Location: 12F, Building B5, Lane 1688, Guoquan North Road, Yangpu District, Shanghai China Announcement • Mar 30
Shanghai Ruking Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Shanghai Ruking Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥61.04, the stock trades at a trailing P/E ratio of 23.6x. Average forward P/E is 15x in the Electrical industry in China. Buy Or Sell Opportunity • Mar 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to CN¥64.92. The fair value is estimated to be CN¥82.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to CN¥64.84. The fair value is estimated to be CN¥83.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥71.83, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 29x in the Electrical industry in China. Buy Or Sell Opportunity • Feb 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to CN¥57.82. The fair value is estimated to be CN¥76.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%. Announcement • Jan 12
Shanghai Ruking Technologies Co., Ltd. Approves the Election of Bu Wei and Cui Yang as Non-Employee Supervisor Shanghai Ruking Technologies Co., Ltd. held its 1st Extraordinary General Meeting of 2024 on 10 January 2024. The shareholders approved the election of Bu Wei and Cui Yang as non-employee supervisor. Announcement • Dec 30
Shanghai Ruking Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Shanghai Ruking Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Buying Opportunity • Oct 26
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 46%. Board Change • Oct 19
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. 8 experienced directors. No highly experienced directors. 2 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: Minority of independent directors. Insufficient board refreshment. 
