Reported Earnings • Aug 15
Second quarter 2026 earnings released: EPS: CN¥0.046 (vs CN¥0.069 in 2Q 2025) Second quarter 2026 results: EPS: CN¥0.046 (down from CN¥0.069 in 2Q 2025). Revenue: CN¥248.3m (up 13% from 2Q 2025). Net income: CN¥14.9m (down 34% from 2Q 2025). Profit margin: 6.0% (down from 10% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 14
Price target decreased by 17% to CN¥12.40 Down from CN¥14.89, the current price target is an average from 2 analysts. New target price is 60% above last closing price of CN¥7.74. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.38 for next year compared to CN¥0.35 last year. Announcement • Jun 30
Shenzhen Crastal Technology Co.,Ltd to Report First Half, 2026 Results on Aug 24, 2026 Shenzhen Crastal Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 24, 2026 Declared Dividend • Apr 25
Dividend of CN¥0.12 announced Shareholders will receive a dividend of CN¥0.12. Ex-date: 28th April 2026 Payment date: 28th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.10 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (down from CN¥0.10 in 1Q 2025). Revenue: CN¥246.9m (up 16% from 1Q 2025). Net income: CN¥32.8m (down 1.8% from 1Q 2025). Profit margin: 13% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Shenzhen Crastal Technology Co.,Ltd to Report Q1, 2026 Results on Apr 23, 2026 Shenzhen Crastal Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Mar 26
Shenzhen Crastal Technology Co.,Ltd, Annual General Meeting, Apr 17, 2026 Shenzhen Crastal Technology Co.,Ltd, Annual General Meeting, Apr 17, 2026, at 14:30 China Standard Time. Location: Tower A, West Area, No. 3333, Liuxian Avenue, Fuguang Community, Taoyuan Subdistrict, Nanshan District, Shenzhen, Guangdong China Reported Earnings • Jan 17
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥0.34 (up from CN¥0.21 in FY 2024). Revenue: CN¥949.9m (up 26% from FY 2024). Net income: CN¥110.6m (up 59% from FY 2024). Profit margin: 12% (up from 9.2% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 31
Shenzhen Crastal Technology Co.,Ltd to Report Fiscal Year 2025 Results on Mar 27, 2026 Shenzhen Crastal Technology Co.,Ltd announced that they will report fiscal year 2025 results on Mar 27, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.083 (vs CN¥0.021 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.083 (up from CN¥0.021 in 3Q 2024). Revenue: CN¥219.1m (up 19% from 3Q 2024). Net income: CN¥27.1m (up 289% from 3Q 2024). Profit margin: 12% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shenzhen Crastal Technology Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Shenzhen Crastal Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Announcement • Aug 28
Shenzhen Crastal Technology Co.,Ltd Appoints Huang Zhimin, as Independent Director Shenzhen Crastal Technology Co.,Ltd at its 1st Extraordinary General Meeting of 2025 on 26 August 2025 approved Huang Zhimin, as independent director. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: CN¥0.069 (vs CN¥0.029 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.069 (up from CN¥0.029 in 2Q 2024). Revenue: CN¥219.2m (up 35% from 2Q 2024). Net income: CN¥22.5m (up 141% from 2Q 2024). Profit margin: 10% (up from 5.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jul 02
Shenzhen Crastal Technology Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Shenzhen Crastal Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jun 07
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 9.9% 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 Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥11.49, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Consumer Durables industry in China. Total returns to shareholders of 17% over the past three years. New Risk • Apr 25
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 8.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.8% average weekly change). Declared Dividend • Apr 25
Dividend of CN¥0.12 announced Shareholders will receive a dividend of CN¥0.12. Ex-date: 29th April 2025 Payment date: 29th April 2025 Dividend yield will be 1.6%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.069 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.069 in 1Q 2024). Revenue: CN¥212.6m (up 33% from 1Q 2024). Net income: CN¥33.4m (up 48% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Announcement • Apr 22
Shenzhen Crastal Technology Co.,Ltd Approves Cash Dividend for the Year 2024 Shenzhen Crastal Technology Co.,Ltd held its Annual General Meeting of 2024 on 18 April 2025, approved the Cash dividend (tax included) of CNY 1.20000000 per 10 shares for the year 2024. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥8.75, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Consumer Durables industry in China. Total loss to shareholders of 18% over the past three years. Announcement • Mar 31
Shenzhen Crastal Technology Co.,Ltd to Report Q1, 2025 Results on Apr 24, 2025 Shenzhen Crastal Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Major Estimate Revision • Mar 28
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥868.4m to CN¥893.1m. EPS estimate increased from CN¥0.255 to CN¥0.285 per share. Net income forecast to grow 34% next year vs 24% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥8.99 to CN¥12.15. Share price was steady at CN¥10.11 over the past week. Announcement • Mar 28
Shenzhen Crastal Technology Co.,Ltd Proposes Final Cash Dividend for the Year 2024 Shenzhen Crastal Technology Co.,Ltd announced on 27 March 2025 the profit distribution proposal for 2024 as: Final Cash dividend per 10 shares (tax included) of CNY 1.20000000. Announcement • Mar 27
Shenzhen Crastal Technology Co.,Ltd, Annual General Meeting, Apr 18, 2025 Shenzhen Crastal Technology Co.,Ltd, Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: Tower A, West Area, No. 3333, Liuxian Avenue, Fuguang Community, Taoyuan Subdistrict, Nanshan District, Shenzhen, Guangdong China Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: CN¥0.21 (down from CN¥0.22 in FY 2023). Revenue: CN¥753.6m (up 13% from FY 2023). Net income: CN¥69.5m (down 2.6% from FY 2023). Profit margin: 9.2% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Consumer Durables industry in China. 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 7% per year. New Risk • Feb 12
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 8.5% 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 (157% payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • Dec 31
Shenzhen Crastal Technology Co.,Ltd to Report Fiscal Year 2024 Results on Mar 27, 2025 Shenzhen Crastal Technology Co.,Ltd announced that they will report fiscal year 2024 results on Mar 27, 2025 Major Estimate Revision • Oct 31
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥726.7m to CN¥739.4m. EPS estimate fell from CN¥0.24 to CN¥0.203 per share. Net income forecast to grow 40% next year vs 27% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥8.31 to CN¥8.99. Share price rose 6.4% to CN¥9.15 over the past week. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.021 (vs CN¥0.045 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.021 (down from CN¥0.045 in 3Q 2023). Revenue: CN¥184.2m (up 22% from 3Q 2023). Net income: CN¥6.96m (down 53% from 3Q 2023). Profit margin: 3.8% (down from 9.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 17% 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. Announcement • Sep 30
Shenzhen Crastal Technology Co.,Ltd to Report Q3, 2024 Results on Oct 25, 2024 Shenzhen Crastal Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥8.97, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 21% over the past three years. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.287 to CN¥0.24 per share. Revenue forecast steady at CN¥726.7m. Net income forecast to grow 28% next year vs 20% growth forecast for Consumer Durables industry in China. Consensus price target down from CN¥9.23 to CN¥8.31. Share price fell 11% to CN¥6.90 over the past week. Price Target Changed • Aug 17
Price target decreased by 9.9% to CN¥8.31 Down from CN¥9.23, the current price target is an average from 2 analysts. New target price is 15% above last closing price of CN¥7.22. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.24 for next year compared to CN¥0.22 last year. Announcement • Aug 17
Shenzhen Crastal Technology Co.,Ltd Proposes Interim Cash Dividend for the First Half of 2024 On August 16, 2024, Shenzhen Crastal Technology Co.,Ltd proposed interim cash dividend/10 shares (tax included) of CNY 0.80000000 for the first half of 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.029 (vs CN¥0.061 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.029 (down from CN¥0.061 in 2Q 2023). Revenue: CN¥162.8m (up 7.8% from 2Q 2023). Net income: CN¥9.32m (down 53% from 2Q 2023). Profit margin: 5.7% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥8.08, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Consumer Durables industry in China. Total loss to shareholders of 40% over the past three years. Announcement • Jun 29
Shenzhen Crastal Technology Co.,Ltd to Report First Half, 2024 Results on Aug 16, 2024 Shenzhen Crastal Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥7.75, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.82, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 16x in the Consumer Durables industry in China. Total loss to shareholders of 36% over the past three years. Declared Dividend • Apr 29
Dividend increased to CN¥0.20 Dividend of CN¥0.20 is 40% higher than last year. Ex-date: 8th May 2024 Payment date: 8th May 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
Shenzhen Crastal Technology Co.,Ltd Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 08 May 2024 Shenzhen Crastal Technology Co.,Ltd announced final cash dividend of CNY 2.00 per 10 shares on A shares for the year 2023. Record date: 07 May 2024, Ex-date: 08 May 2024 and Payment date: 08 May 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.054 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.069 (up from CN¥0.054 in 1Q 2023). Revenue: CN¥159.4m (down 6.5% from 1Q 2023). Net income: CN¥22.6m (up 28% from 1Q 2023). Profit margin: 14% (up from 10% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year and the company’s share price has also fallen by 21% per year. Board Change • Apr 25
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. 4 non-independent directors. Independent Director Jie Xiao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥8.88, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.34 per share. Reported Earnings • Apr 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.22 (up from CN¥0.14 in FY 2022). Revenue: CN¥665.3m (down 17% from FY 2022). Net income: CN¥71.4m (up 52% from FY 2022). Profit margin: 11% (up from 5.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 20% per year. Announcement • Mar 30
Shenzhen Crastal Technology Co.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 Shenzhen Crastal Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Price Target Changed • Mar 30
Price target decreased by 8.9% to CN¥9.67 Down from CN¥10.61, the current price target is an average from 2 analysts. New target price is 28% above last closing price of CN¥7.56. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.14 last year. Announcement • Mar 29
Shenzhen Crastal Technology Co.,Ltd, Annual General Meeting, Apr 19, 2024 Shenzhen Crastal Technology Co.,Ltd, Annual General Meeting, Apr 19, 2024, at 14:30 China Standard Time. Location: Tower A, West Area, No. 3333, Liuxian Avenue, Fuguang Community, Taoyuan Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 15
Shenzhen Crastal Technology Co.,Ltd (SZSE:300824) announces an Equity Buyback for CNY 30 million worth of its shares. Shenzhen Crastal Technology Co.,Ltd (SZSE:300824) announces a share repurchase program. Under the program, the company will repurchase up to CNY 30 million worth of its shares. The repurchase price will not more than CNY 10 per Share. The repurchased shares will be used for employee stock ownership plan or equity incentives. The repurchases will be funded using company's own funds. The repurchase period will be not more than 12 months. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.75, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Consumer Durables industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.34 per share. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥6.95, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 12x in the Consumer Durables industry in China. Total loss to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.24 per share. Price Target Changed • Feb 01
Price target decreased by 7.7% to CN¥10.61 Down from CN¥11.50, the current price target is an average from 2 analysts. New target price is 44% above last closing price of CN¥7.35. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.14 last year. Major Estimate Revision • Jan 22
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥861.8m to CN¥850.9m. EPS estimate also fell from CN¥0.33 per share to CN¥0.27 per share. Net income forecast to grow 23% next year vs 22% growth forecast for Consumer Durables industry in China. Consensus price target of CN¥11.10 unchanged from last update. Share price fell 4.6% to CN¥8.66 over the past week. Announcement • Dec 29
Shenzhen Crastal Technology Co.,Ltd to Report Fiscal Year 2023 Results on Mar 29, 2024 Shenzhen Crastal Technology Co.,Ltd announced that they will report fiscal year 2023 results on Mar 29, 2024 Major Estimate Revision • Oct 30
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥883.8m to CN¥768.1m. EPS estimate fell from CN¥0.316 to CN¥0.272 per share. Net income forecast to grow 42% next year vs 23% growth forecast for Consumer Durables industry in China. Consensus price target down from CN¥11.50 to CN¥11.10. Share price rose 4.1% to CN¥9.79 over the past week. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.045 (vs CN¥0.013 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.045 (up from CN¥0.013 in 3Q 2022). Revenue: CN¥150.9m (down 9.2% from 3Q 2022). Net income: CN¥14.7m (up 255% from 3Q 2022). Profit margin: 9.8% (up from 2.5% in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 24% per year. Announcement • Sep 30
Shenzhen Crastal Technology Co.,Ltd to Report Q3, 2023 Results on Oct 24, 2023 Shenzhen Crastal Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 24, 2023 Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.019 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.061 (up from CN¥0.019 in 2Q 2022). Revenue: CN¥150.9m (down 19% from 2Q 2022). Net income: CN¥20.0m (up 228% from 2Q 2022). Profit margin: 13% (up from 3.3% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 22% per year. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: CN¥0.061 (vs CN¥0.019 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.061 (up from CN¥0.019 in 2Q 2022). Revenue: CN¥150.9m (down 19% from 2Q 2022). Net income: CN¥20.0m (up 228% from 2Q 2022). Profit margin: 13% (up from 3.3% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year. Upcoming Dividend • May 02
Upcoming dividend of CN¥0.14 per share at 1.3% yield Eligible shareholders must have bought the stock before 09 May 2023. Payment date: 09 May 2023. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (3.7%). Reported Earnings • Mar 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.14 (down from CN¥0.33 in FY 2021). Revenue: CN¥804.7m (down 5.0% from FY 2021). Net income: CN¥47.0m (down 57% from FY 2021). Profit margin: 5.8% (down from 13% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Major Estimate Revision • Jan 24
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥1.02b to CN¥943.0m. EPS estimate also fell from CN¥0.375 per share to CN¥0.30 per share. Net income forecast to grow 106% next year vs 30% growth forecast for Consumer Durables industry in China. Consensus price target up from CN¥9.50 to CN¥11.02. Share price was steady at CN¥9.70 over the past week. Price Target Changed • Jan 19
Price target increased to CN¥11.02 Up from CN¥9.50, the current price target is provided by 1 analyst. New target price is 14% above last closing price of CN¥9.70. Stock is down 24% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.15 last year. Reported Earnings • Jan 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.15 (down from CN¥0.33 in FY 2021). Revenue: CN¥804.7m (down 5.0% from FY 2021). Net income: CN¥47.5m (down 56% from FY 2021). Profit margin: 5.9% (down from 13% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 45%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Consumer Durables industry in China. 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. 4 non-independent directors. Independent Director Jie Xiao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Oct 29
Price target decreased to CN¥10.08 Down from CN¥11.54, the current price target is an average from 2 analysts. New target price is 21% above last closing price of CN¥8.36. Stock is down 33% over the past year. The company is forecast to post earnings per share of CN¥0.33 for next year compared to CN¥0.33 last year. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.013 (vs CN¥0.057 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.013 (down from CN¥0.057 in 3Q 2021). Revenue: CN¥166.2m (down 12% from 3Q 2021). Net income: CN¥4.14m (down 78% from 3Q 2021). Profit margin: 2.5% (down from 9.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥11.54 (vs CN¥0.066 in 2Q 2021) Second quarter 2022 results: EPS: CN¥11.54 (up from CN¥0.066 in 2Q 2021). Revenue: CN¥26.9b (up CN¥26.8b from 2Q 2021). Net income: CN¥1.78b (up CN¥1.76b from 2Q 2021). Profit margin: 6.6% (down from 12% in 2Q 2021). Over the next year, revenue is expected to shrink by 89% compared to a 15% growth forecast for the Consumer Durables industry in China. Announcement • Aug 10
Shenzhen Crastal Technology Co.,Ltd Announces Management Changes Shenzhen Crastal Technology Co.,Ltd announced that at the Extraordinary General Meeting of 2022 held on 08 August 2022 elected Xiao Jie, Gu Chen and Zhang Jianjun as independent directors and elected Chen Huajin as non-employee supervisor. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.066 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.019 (down from CN¥0.066 in 2Q 2021). Revenue: CN¥186.3m (up 3.8% from 2Q 2021). Net income: CN¥6.11m (down 72% from 2Q 2021). Profit margin: 3.3% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 14% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥10.43, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Consumer Durables industry in China. Total loss to shareholders of 39% over the past year. Reported Earnings • Apr 28
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: CN¥0.076 (down from CN¥0.088 in 1Q 2021). Revenue: CN¥182.6m (up 4.5% from 1Q 2021). Net income: CN¥16.5m (down 43% from 1Q 2021). Profit margin: 9.0% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 27%, compared to a 14% growth forecast for the industry in China. Price Target Changed • Apr 27
Price target decreased to CN¥17.31 Down from CN¥21.58, the current price target is an average from 7 analysts. New target price is 33% above last closing price of CN¥13.01. Stock is down 27% over the past year. The company is forecast to post earnings per share of CN¥0.62 for next year compared to CN¥0.33 last year. Board Change • Apr 27
No independent 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. No highly experienced directors. No independent directors (4 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: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 22
Shenzhen Crastal Technology Co.,Ltd Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date Is 27 April 2022 Shenzhen Crastal Technology Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included) of CNY 2.50000000. Record date is 26 April 2022. Ex-date is 27 April 2022. Payment date is 27 April 2022. Announcement • Apr 20
Shenzhen Crastal Technology Co.,Ltd. Approves Final Cash Dividend for the Year 2021 Shenzhen Crastal Technology Co.,Ltd approved final cash dividend of CNY 2.50000000 per 10 shares (tax included) for 2021 in its Annual General Meeting of 2021 on 15 April 2022. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 29% share price gain to CN¥18.94, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 21% over the past year. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.086 (vs CN¥0.11 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥189.1m (up 18% from 3Q 2020). Net income: CN¥18.6m (down 20% from 3Q 2020). Profit margin: 9.8% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.14 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥179.6m (up 8.1% from 2Q 2020). Net income: CN¥21.5m (down 7.7% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 18
Second quarter 2021 earnings released: EPS CN¥0.099 (vs CN¥0.14 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥179.6m (up 8.1% from 2Q 2020). Net income: CN¥21.5m (down 7.7% from 2Q 2020). Profit margin: 12% (down from 14% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 20
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.14 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥174.7m (up 25% from 1Q 2020). Net income: CN¥28.6m (up 28% from 1Q 2020). Profit margin: 16% (in line with 1Q 2020). Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.53 (vs CN¥0.40 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥700.9m (up 27% from FY 2019). Net income: CN¥100.3m (up 53% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Feb 20
Shenzhen Crastal Technology CO.,LTD. to Report Fiscal Year 2020 Results on Mar 25, 2021 Shenzhen Crastal Technology CO.,LTD. announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥21.70 The company is down 44% from its price of CN¥38.57 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.16 per share. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥23.02, the stock is trading at a trailing P/E ratio of 44.7x, down from the previous P/E ratio of 53.9x. This compares to an average P/E of 31x in the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥23.63, the stock is trading at a trailing P/E ratio of 45.9x, down from the previous P/E ratio of 54.3x. This compares to an average P/E of 31x in the Consumer Durables industry in China. Is New 90 Day High Low • Dec 29
New 90-day low: CN¥27.67 The company is down 1.0% from its price of CN¥27.99 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.11 per share. Valuation Update With 7 Day Price Move • Nov 11
Market pulls back on stock over the past week After last week's 19% share price decline to CN¥31.50, the stock is trading at a trailing P/E ratio of 61.2x, down from the previous P/E ratio of 75.6x. This compares to an average P/E of 34x in the Consumer Durables industry in China. 
