Announcement • Jun 09
Ferrotec (An Hui) Technology Development Co.,Ltd Approves Cash Dividend for the Year 2025 Ferrotec (An Hui) Technology Development Co.,LTD approved 2025 profit distribution plan Cash dividend/10 shares (tax included) is CNY 0.60000000, at the AGM held on June 5, 2026. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥41.25, the stock trades at a trailing P/E ratio of 70.7x. Average trailing P/E is 36x in the Commercial Services industry in China. Total returns to shareholders of 67% over the past three years. New Risk • May 18
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 8.2% 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 Shareholders have been substantially diluted in the past year (120% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • May 18
Ferrotec (An Hui) Technology Development Co.,LTD, Annual General Meeting, Jun 05, 2026 Ferrotec (An Hui) Technology Development Co.,LTD, Annual General Meeting, Jun 05, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Tongling, Anhui China Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.13 (vs CN¥0.085 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.13 (up from CN¥0.085 in 1Q 2025). Revenue: CN¥757.8m (up 254% from 1Q 2025). Net income: CN¥96.9m (up 235% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Announcement • Mar 31
Ferrotec (An Hui) Technology Development Co.,LTD to Report Q1, 2026 Results on Apr 24, 2026 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Ferrotec (An Hui) Technology Development Co.,LTD to Report Fiscal Year 2025 Results on Apr 24, 2026 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report fiscal year 2025 results on Apr 24, 2026 Board Change • Dec 09
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. Independent Director Jizhang Huang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (120% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • Sep 30
Ferrotec (An Hui) Technology Development Co.,LTD to Report Q3, 2025 Results on Oct 24, 2025 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Sep 02
Second quarter 2025 earnings released: EPS: CN¥0.087 (vs CN¥0.076 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.087 (up from CN¥0.076 in 2Q 2024). Revenue: CN¥227.0m (up 28% from 2Q 2024). Net income: CN¥29.4m (up 14% from 2Q 2024). Profit margin: 13% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. New Risk • Jul 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 113% 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. This is currently the only risk that has been identified for the company. Announcement • Jul 10
Ferrotec (An Hui) Technology Development Co.,LTD (SZSE:301297) acquired Jiangsu Ferrotec Semiconductor Technology Co., Ltd. from a group of shareholders. Ferrotec (An Hui) Technology Development Co.,LTD (SZSE:301297) agreed to acquire Jiangsu Ferrotec Semiconductor Technology Co., Ltd. from a group of shareholders for CNY 6.2 billion on October 17, 2024. Number of shares to be issued for the issuance of shares: 379,760,567 shares, accounting for 52.88% of the total share capital of the listed company after issuance (excluding the raised supporting funds, and assuming the transaction parties have not converted their convertible bonds into shares. Type of securities for convertible corporate bonds: Corporate bonds convertible into RMB ordinary shares (A-shares) of the listed company. Number of convertible corporate bonds issued: 3,599,009 bonds Initial conversion price for convertible corporate bonds CNY16.30 per share, not less than 80% of the average trading price of the listed company's stock over the 20 trading days prior to the pricing reference date. As part of the consideration Ferrotec (An Hui) Technology Development Co.,LTD's issued shares and convertible corporate bonds.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and approval of offer by acquirer board. As on May 29, 2025 The planned issuance of shares and convertible corporate bonds of Ferrotec (An Hui) Technology Development Co.,LTD to purchase the 100% stakes in Jiangsu Ferrotec Semiconductor Technology Co., Ltd. and raise supporting funds was reviewed and approved by Mergers and Acquisitions Review Committee of the Shenzhen Stock Exchange. As of June 27, 2025, The China Securities Regulatory Commission has approved regarding the issuance of shares and convertible corporate bonds by Anhui Fulede Technology Development Co., Ltd. for asset purchase and the registration of matching funds. This approval is valid for 12 months from the date of issuance.
Ferrotec (An Hui) Technology Development Co.,LTD (SZSE:301297) completed the acquisition of Jiangsu Ferrotec Semiconductor Technology Co., Ltd. from a group of shareholders on July 8, 2025. Announcement • Jul 02
Ferrotec (An Hui) Technology Development Co.,LTD to Report First Half, 2025 Results on Aug 21, 2025 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report first half, 2025 results on Aug 21, 2025 Announcement • Jun 14
Ferrotec (An Hui) Technology Development Co.,Ltd approves Profit Distribution Plan for 2024 Ferrotec (An Hui) Technology Development Co.,LTD held its Annual General Meeting of 2024 on 10 June 2025, during which the following proposal(s) was/were approved 2024 profit distribution plan as Cash dividend/10 shares (tax included): CNY 1.20000000. New Risk • May 23
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 8.6% 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. This is currently the only risk that has been identified for the company. Announcement • Apr 30
Ferrotec (An Hui) Technology Development Co.,LTD, Annual General Meeting, Jun 10, 2025 Ferrotec (An Hui) Technology Development Co.,LTD, Annual General Meeting, Jun 10, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Tongling, 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 7.8% 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 (7.8% average weekly change). Large one-off items impacting financial results. Announcement • Mar 31
Ferrotec (An Hui) Technology Development Co.,LTD to Report Q1, 2025 Results on Apr 30, 2025 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 31
Ferrotec (An Hui) Technology Development Co.,LTD to Report Fiscal Year 2024 Results on Apr 21, 2025 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report fiscal year 2024 results on Apr 21, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.087 (vs CN¥0.074 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.087 (up from CN¥0.074 in 3Q 2023). Revenue: CN¥222.5m (up 42% from 3Q 2023). Net income: CN¥29.4m (up 17% from 3Q 2023). Profit margin: 13% (down from 16% in 3Q 2023). Announcement • Sep 30
Ferrotec (An Hui) Technology Development Co.,LTD to Report Q3, 2024 Results on Oct 25, 2024 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Sep 14
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.064 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.076 (up from CN¥0.064 in 2Q 2023). Revenue: CN¥176.8m (up 23% from 2Q 2023). Net income: CN¥25.7m (up 20% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Declared Dividend • Jul 06
Dividend of CN¥0.08 announced Dividend of CN¥0.08 is the same as last year. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 0.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (32% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.9% EPS decline seen over the last 3 years. Announcement • Jun 29
Ferrotec (An Hui) Technology Development Co.,LTD to Report First Half, 2024 Results on Aug 27, 2024 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report first half, 2024 results on Aug 27, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥20.64, the stock trades at a trailing P/E ratio of 72.8x. Average trailing P/E is 24x in the Commercial Services industry in China. Total loss to shareholders of 7.9% over the past year. New Risk • Jun 13
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 Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Announcement • May 26
Ferrotec (An Hui) Technology Development Co.,Ltd Approves Cash Dividend for the Year 2023 Ferrotec (An Hui) Technology Development Co.,LTD at its Annual General Meeting held on 23 May 2024 approved cash dividend/10 shares (tax included): CNY 0.80000000 for the year 2023. Announcement • Apr 28
Ferrotec (An Hui) Technology Development Co.,LTD, Annual General Meeting, May 23, 2024 Ferrotec (An Hui) Technology Development Co.,LTD, Annual General Meeting, May 23, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Tongling, Anhui China Agenda: To consider and approve the 2023 business report; to consider and approve the audit committee report; to consider and approve the private placement of shares; to consider and approve the business report and financial statements; to consider and approve the appropriation of profit and loss; to consider and approve the reappointment of audit firm; to consider and approve the profit distribution plan; and to consider and approve any other matters. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.072 (vs CN¥0.052 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.072 (up from CN¥0.052 in 1Q 2023). Revenue: CN¥161.0m (up 18% from 1Q 2023). Net income: CN¥24.3m (up 38% from 1Q 2023). Profit margin: 15% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Announcement • Apr 27
Ferrotec (An Hui) Technology Development Co.,LTD Proposes Final Cash Dividend for 2023 Ferrotec (An Hui) Technology Development Co.,LTD announced on 26 April 2024 the final profit distribution proposal for 2023: cash dividend/10 shares (tax included) of CNY 0.80000000. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.61, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 28x in the Commercial Services industry in China. Total loss to shareholders of 34% over the past year. Announcement • Mar 30
Ferrotec (An Hui) Technology Development Co.,LTD to Report Q1, 2024 Results on Apr 22, 2024 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥20.75, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 28x in the Commercial Services industry in China. Total returns to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥18.05, the stock trades at a trailing P/E ratio of 68.8x. Average trailing P/E is 28x in the Commercial Services industry in China. Total loss to shareholders of 1.0% over the past year. Announcement • Dec 30
Ferrotec (An Hui) Technology Development Co.,LTD to Report Fiscal Year 2023 Results on Apr 22, 2024 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.073 (vs CN¥0.094 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.073. Revenue: CN¥158.6m (flat on 3Q 2022). Net income: CN¥24.8m (up 3.4% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Announcement • Sep 30
Ferrotec (An Hui) Technology Development Co.,LTD to Report Q3, 2023 Results on Oct 25, 2023 Ferrotec (An Hui) Technology Development Co.,LTD announced that they will report Q3, 2023 results on Oct 25, 2023 New Risk • Aug 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 24
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.064. Net income: CN¥21.5m (up CN¥21.5m from 2Q 2022). Announcement • Jul 14
Ferrotec (An Hui) Technology Development Co.,Ltd Announces Implementation of Cash Dividend for 2022, Payable on 21 July 2023 Ferrotec (An Hui) Technology Development Co.,LTD announced 2022 final profit distribution plan to be implemented (A shares) cash dividend per 10 shares (tax included) of CNY 0.80000000. Record date: 20 July 2023; Ex-date: 21 July 2023; Payment date: 21 July 2023. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.35 in FY 2021) Full year 2022 results: EPS: CN¥0.35. Revenue: CN¥623.8m (up 9.6% from FY 2021). Net income: CN¥88.1m (flat on FY 2021). Profit margin: 14% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. 