Announcement • Mar 30
Industrial Securities Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Industrial Securities Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Price Target Changed • Mar 28
Price target decreased by 8.6% to CN¥8.48 Down from CN¥9.27, the current price target is an average from 3 analysts. New target price is 40% above last closing price of CN¥6.06. Stock is up 1.7% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.24 last year. Major Estimate Revision • Feb 27
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥15.6b to CN¥13.6b. EPS estimate unchanged at CN¥0.349 per share. Net income forecast to grow 2.5% next year vs 8.8% growth forecast for Capital Markets industry in China. Consensus price target down from CN¥9.27 to CN¥8.95. Share price was steady at CN¥6.75 over the past week. Price Target Changed • Feb 01
Price target increased by 12% to CN¥9.27 Up from CN¥8.31, the current price target is an average from 3 analysts. New target price is 35% above last closing price of CN¥6.88. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.24 last year. Major Estimate Revision • Jan 16
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.317 to CN¥0.351. Revenue forecast steady at CN¥15.6b. Net income forecast to shrink 1.6% next year vs 3.3% growth forecast for Capital Markets industry in China . Consensus price target up from CN¥8.31 to CN¥8.68. Share price fell 5.0% to CN¥6.88 over the past week. Announcement • Dec 26
Industrial Securities Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 28, 2026 Industrial Securities Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 28, 2026 Declared Dividend • Dec 15
Dividend increased to CN¥0.05 Dividend of CN¥0.05 is 67% higher than last year. Ex-date: 18th December 2025 Payment date: 18th December 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (26% 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 increased by an average of 34% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.3% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Nov 07
Consensus revenue estimates increase by 22%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥14.0b to CN¥17.1b. EPS estimate fell from CN¥0.357 to CN¥0.319. Net income forecast to shrink 8.9% next year vs 1.0% growth forecast for Capital Markets industry in China . Consensus price target broadly unchanged at CN¥8.31. Share price was steady at CN¥6.88 over the past week. Announcement • Sep 30
Industrial Securities Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Industrial Securities Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 09
Price target increased by 8.6% to CN¥8.21 Up from CN¥7.55, the current price target is an average from 4 analysts. New target price is 27% above last closing price of CN¥6.46. Stock is up 27% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.24 last year. Declared Dividend • Aug 10
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 14th August 2025 Payment date: 14th August 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (5% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Industrial Securities Co.,Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Industrial Securities Co.,Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 02
Industrial Securities Co.,Ltd., Annual General Meeting, Jun 23, 2025 Industrial Securities Co.,Ltd., Annual General Meeting, Jun 23, 2025, at 14:00 China Standard Time. Location: 9F, No. 268, Hudong Road, Gulou District, Fuzhou, Fujian China Announcement • Mar 28
Industrial Securities Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Industrial Securities Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Industrial Securities Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Industrial Securities Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Price Target Changed • Nov 12
Price target increased by 9.5% to CN¥7.18 Up from CN¥6.56, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of CN¥6.81. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of CN¥0.23 for next year compared to CN¥0.23 last year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥6.16, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Capital Markets industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Sep 30
Industrial Securities Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Industrial Securities Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥6.20, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 24x in the Capital Markets industry in China. Total loss to shareholders of 30% over the past three years. Major Estimate Revision • Sep 06
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥10.3b to CN¥9.45b. EPS estimate also fell from CN¥0.22 per share to CN¥0.173 per share. Net income forecast to grow 65% next year vs 21% growth forecast for Capital Markets industry in China. Consensus price target down from CN¥6.75 to CN¥6.56. Share price was steady at CN¥5.16 over the past week. Declared Dividend • Aug 15
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 21st August 2024 Payment date: 21st August 2024 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (60% 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 increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 63% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Industrial Securities Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Industrial Securities Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 08
Industrial Securities Co.,Ltd., Annual General Meeting, Jun 27, 2024 Industrial Securities Co.,Ltd., Annual General Meeting, Jun 27, 2024, at 14:00 China Standard Time. Location: 9F, No. 268, Hudong Road, Gulou District, Fuzhou, Fujian China New Risk • Apr 28
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: 17% Last year net profit margin: 26% 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 High level of non-cash earnings (87% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (17% net profit margin). Announcement • Mar 30
Industrial Securities Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Industrial Securities Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Mar 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥432.9m (US$59.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (CN¥432.9m market cap, or US$59.9m). Major Estimate Revision • Feb 23
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥13.7b to CN¥13.2b. EPS estimate also fell from CN¥0.37 per share to CN¥0.333 per share. Net income forecast to grow 59% next year vs 21% growth forecast for Capital Markets industry in China. Consensus price target broadly unchanged at CN¥7.64. Share price rose 2.3% to CN¥5.77 over the past week. Announcement • Dec 29
Industrial Securities Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Industrial Securities Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Major Estimate Revision • Dec 21
Consensus revenue estimates decrease by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥14.3b to CN¥12.0b. EPS estimate unchanged from CN¥0.35 per share at last update. Capital Markets industry in China expected to see average net income growth of 23% next year. Consensus price target of CN¥7.80 unchanged from last update. Share price fell 3.2% to CN¥5.78 over the past week. Announcement • Sep 30
Industrial Securities Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Industrial Securities Co.,Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Announcement • Jun 28
Industrial Securities Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Industrial Securities Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Upcoming Dividend • Dec 19
Upcoming dividend of CN¥0.18 per share Eligible shareholders must have bought the stock before 26 December 2022. Payment date: 26 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.1%. Within top quartile of Chinese dividend payers (2.0%). Higher than average of industry peers (2.4%). Price Target Changed • Nov 17
Price target decreased to CN¥7.72 Down from CN¥8.37, the current price target is an average from 4 analysts. New target price is 27% above last closing price of CN¥6.08. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.71 last year. 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. 6 non-independent directors. Independent Director Hongzhong Liu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CN¥0.56 to CN¥0.49 per share. Revenue forecast steady at CN¥16.0b. Net income forecast to grow 53% next year vs 30% growth forecast for Capital Markets industry in China. Consensus price target broadly unchanged at CN¥8.23. Share price rose 3.9% to CN¥5.64 over the past week. Announcement • Aug 25
Industrial Securities Co.,Ltd. has completed a Follow-on Equity Offering in the amount of CNY 10.446808 billion. Industrial Securities Co.,Ltd. has completed a Follow-on Equity Offering in the amount of CNY 10.446808 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,009,001,502
Price\Range: CNY 5.2
Transaction Features: Rights Offering Announcement • Aug 12
Industrial Securities Co.,Ltd. announced that it expects to receive CNY 14 billion in funding Industrial Securities Co.,Ltd. announced a private placement of common shares for gross proceeds of up to CNY 14,000,000,000 on August 11, 2022. Major Estimate Revision • Jun 22
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥19.1b to CN¥17.1b. EPS estimate fell from CN¥0.61 to CN¥0.54 per share. Net income forecast to grow 23% next year vs 16% growth forecast for Capital Markets industry in China. Consensus price target down from CN¥10.33 to CN¥9.42. Share price fell 2.1% to CN¥7.12 over the past week. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥7.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Capital Markets industry in China. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.59 per share. Price Target Changed • May 01
Price target decreased to CN¥9.93 Down from CN¥10.82, the current price target is an average from 5 analysts. New target price is 53% above last closing price of CN¥6.51. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.71 last year. Board Change • Apr 27
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. 7 non-independent directors. Independent Director Hongzhong Liu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Sep 16
Price target increased to CN¥10.69 Up from CN¥9.62, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of CN¥10.58. Stock is up 33% over the past year. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.65, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Capital Markets industry in China. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥10.22, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Capital Markets industry in China. Total returns to shareholders of 82% over the past three years. Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast increased from CN¥16.7b to CN¥17.3b. EPS estimate fell from CN¥0.55 to CN¥0.45 per share. Net income forecast to shrink 32% next year vs 11% growth forecast for Capital Markets industry in China . Consensus price target broadly unchanged at CN¥9.65. Share price fell 12% to CN¥8.02 over the past week. Is New 90 Day High Low • Dec 01
New 90-day high: CN¥9.28 The company is up 10.0% from its price of CN¥8.45 on 02 September 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.10 per share. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Over the next year, revenue is forecast to grow 3.9%, compared to a 14% growth forecast for the Capital Markets industry in China. Major Estimate Revision • Nov 03
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from CN¥0.43 to CN¥0.48. Revenue estimate for the same period was approximately flat at CN¥16.9b. Net income is expected to grow by 57% next year compared to 12% growth forecast for the Capital Markets industry in China. The consensus price target increased from CN¥9.67 to CN¥9.72. Share price stayed mostly flat at CN¥8.00 over the past week. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥7.75 The company is down 5.0% from its price of CN¥8.19 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.10 per share. Announcement • Oct 30
China Industrial Securities Co.,Ltd. to Report Q3, 2020 Results on Oct 31, 2020 China Industrial Securities Co.,Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Announcement • Jul 17
Industrial Securities Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Industrial Securities Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 
