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¥39.21, 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. Board Change • May 20
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. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Jian Feng was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 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 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. 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. 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 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 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. 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 Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.31 profit in 2Q 2023) Second quarter 2024 results: CN¥0.13 loss per share (down from CN¥0.31 profit in 2Q 2023). Revenue: CN¥65.7m (down 66% from 2Q 2023). Net loss: CN¥21.3m (down 142% from profit in 2Q 2023). Revenue is forecast to grow 82% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Aerospace & Defense industry in China. 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 released: CN¥0.43 loss per share (vs CN¥0.16 profit in FY 2022) 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 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. 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 released: CN¥0.40 loss per share (vs CN¥0.16 profit in FY 2022) 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 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 19% per year, which means it has not declined as severely as earnings. 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. New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 106% 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: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.0% net profit margin). 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. New Risk • Jul 19
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 6.8% 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 (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). 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 released: EPS: CN¥0.23 (vs CN¥1.18 in FY 2021) 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). Board Change • Mar 14
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. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Xianzheng Zong was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.