Reported Earnings • Apr 23
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.51 loss per share (further deteriorated from CN¥0.10 loss in FY 2024). Revenue: CN¥1.09b (down 18% from FY 2024). Net loss: CN¥143.6m (loss widened 388% from FY 2024). Revenue missed analyst estimates by 30%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Ningbo Solartron Technology Co.,Ltd., Annual General Meeting, May 13, 2026 Ningbo Solartron Technology Co.,Ltd., Annual General Meeting, May 13, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China New Risk • Apr 03
New major risk - Revenue and earnings growth Earnings have declined by 53% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Ningbo Solartron Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Ningbo Solartron Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Ningbo Solartron Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Ningbo Solartron Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.014 (vs CN¥0.006 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.014 (up from CN¥0.006 in 3Q 2024). Revenue: CN¥283.6m (down 20% from 3Q 2024). Net income: CN¥3.21m (up 120% from 3Q 2024). Profit margin: 1.1% (up from 0.4% in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Ningbo Solartron Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Ningbo Solartron Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jun 30
Ningbo Solartron Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Ningbo Solartron Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Jun 24
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 10.0% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 24
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥0.10 loss per share (down from CN¥0.34 profit in FY 2023). Revenue: CN¥1.34b (up 6.6% from FY 2023). Net loss: CN¥29.4m (down 131% from profit in FY 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 23
Ningbo Solartron Technology Co.,Ltd., Annual General Meeting, May 13, 2025 Ningbo Solartron Technology Co.,Ltd., Annual General Meeting, May 13, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China New Risk • Mar 31
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 8.1% 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 Earnings have declined by 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Mar 28
Ningbo Solartron Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Ningbo Solartron Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Feb 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.07 (down from CN¥0.34 in FY 2023). Revenue: CN¥1.33b (up 6.4% from FY 2023). Net income: CN¥20.6m (down 79% from FY 2023). Profit margin: 1.5% (down from 7.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 46%. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. New Risk • Feb 02
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 11% 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 (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Announcement • Dec 27
Ningbo Solartron Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Ningbo Solartron Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 18% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). New Risk • Nov 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 11% 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 (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.006 (vs CN¥0.049 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.006 (down from CN¥0.049 in 3Q 2023). Revenue: CN¥356.4m (down 2.0% from 3Q 2023). Net income: CN¥1.46m (down 90% from 3Q 2023). Profit margin: 0.4% (down from 3.9% in 3Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Ningbo Solartron Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Ningbo Solartron Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 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 161% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.9% net profit margin). Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.12 in 2Q 2023). Revenue: CN¥333.3m (up 6.6% from 2Q 2023). Net income: CN¥8.82m (down 75% from 2Q 2023). Profit margin: 2.6% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Ningbo Solartron Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Ningbo Solartron Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.09 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.09 in 1Q 2023). Revenue: CN¥313.7m (up 25% from 1Q 2023). Net income: CN¥8.23m (down 67% from 1Q 2023). Profit margin: 2.6% (down from 9.9% in 1Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Chemicals 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. Announcement • Apr 09
Ningbo Solartron Technology Co.,Ltd., Annual General Meeting, Apr 29, 2024 Ningbo Solartron Technology Co.,Ltd., Annual General Meeting, Apr 29, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 09
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.34 (down from CN¥0.40 in FY 2022). Revenue: CN¥1.25b (up 8.7% from FY 2022). Net income: CN¥95.4m (down 16% from FY 2022). Profit margin: 7.6% (down from 9.8% in FY 2022). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥12.38, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Chemicals industry in China. Total loss to shareholders of 56% over the past three years. Announcement • Mar 29
Ningbo Solartron Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Ningbo Solartron Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Reported Earnings • Feb 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.34 (down from CN¥0.40 in FY 2022). Revenue: CN¥1.25b (up 8.7% from FY 2022). Net income: CN¥96.9m (down 15% from FY 2022). Profit margin: 7.7% (down from 9.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 26% per year. Announcement • Feb 07
Ningbo Solartron Technology Co.,Ltd. (SHSE:688299) announces an Equity Buyback for CNY 100 million worth of its shares. Ningbo Solartron Technology Co.,Ltd. (SHSE:688299) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 18 per share. The repurchased shares will be used for employee shareholding plans or equity incentive plans. The authorization will be valid for a period of 6 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥9.45, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Chemicals industry in China. Total loss to shareholders of 58% over the past three years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.11 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.049 (down from CN¥0.11 in 3Q 2022). Revenue: CN¥363.5m (up 20% from 3Q 2022). Net income: CN¥14.1m (down 54% from 3Q 2022). Profit margin: 3.9% (down from 10% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Chemicals 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. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2022). Revenue: CN¥312.7m (up 21% from 2Q 2022). Net income: CN¥35.8m (down 21% from 2Q 2022). Profit margin: 12% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Chemicals industry in China. Over the last 3 years on average, earnings per share has fallen by 18% per year and the company’s share price has also fallen by 18% per year. Announcement • Jun 28
Ningbo Solartron Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Ningbo Solartron Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 22
Full year 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.66 in FY 2021) Full year 2022 results: EPS: CN¥0.40 (down from CN¥0.66 in FY 2021). Revenue: CN¥1.15b (down 11% from FY 2021). Net income: CN¥113.4m (down 39% from FY 2021). Profit margin: 9.8% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.66 in FY 2021) Full year 2022 results: EPS: CN¥0.41 (down from CN¥0.66 in FY 2021). Revenue: CN¥1.15b (down 11% from FY 2021). Net income: CN¥116.6m (down 38% from FY 2021). Profit margin: 10% (down from 14% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.20 in 3Q 2021). Revenue: CN¥302.2m (down 15% from 3Q 2021). Net income: CN¥30.9m (down 43% from 3Q 2021). Profit margin: 10% (down from 15% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Chemicals industry in China. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.16 (down from CN¥0.17 in 2Q 2021). Revenue: CN¥259.5m (down 19% from 2Q 2021). Net income: CN¥45.2m (down 6.9% from 2Q 2021). Profit margin: 17% (up from 15% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 69%, compared to a 42% growth forecast for the Chemicals industry in China. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥20.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 44% over the past year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.92, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Chemicals industry in China. Total loss to shareholders of 30% over the past year. Price Target Changed • Apr 27
Price target increased to CN¥40.00 Up from CN¥35.00, the current price target is an average from 4 analysts. New target price is 157% above last closing price of CN¥15.55. Stock is down 43% over the past year. The company is forecast to post earnings per share of CN¥1.39 for next year compared to CN¥0.66 last year. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.67 (up from CN¥0.63 in FY 2020). Revenue: CN¥1.30b (up 24% from FY 2020). Net income: CN¥189.7m (up 7.2% from FY 2020). Profit margin: 15% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 49%, compared to a 47% growth forecast for the industry in China. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.21 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¥354.3m (up 11% from 3Q 2020). Net income: CN¥54.4m (down 6.4% from 3Q 2020). Profit margin: 15% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.17 (vs CN¥0.15 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥319.7m (up 32% from 2Q 2020). Net income: CN¥48.5m (up 16% from 2Q 2020). Profit margin: 15% (down from 17% in 2Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥30.55, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Chemicals industry in China. Total returns to shareholders of 3.2% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.91 per share. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.12 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥278.9m (up 60% from 1Q 2020). Net income: CN¥43.2m (up 23% from 1Q 2020). Profit margin: 16% (down from 20% in 1Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 09
Full year 2020 earnings released: EPS CN¥0.63 (vs CN¥0.64 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.05b (up 15% from FY 2019). Net income: CN¥177.0m (up 24% from FY 2019). Profit margin: 17% (up from 16% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥22.74 The company is down 11% from its price of CN¥25.65 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market pulls back on stock over the past week After last week's 18% share price decline to CN¥23.18, the stock is trading at a trailing P/E ratio of 35.4x, down from the previous P/E ratio of 43.3x. This compares to an average P/E of 39x in the Chemicals industry in China. Total returns to shareholders over the past year are 7.4%. Announcement • Jul 10
Ningbo Solartron Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 26, 2020 Ningbo Solartron Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 26, 2020