Reported Earnings • Apr 22
Full year 2025 earnings released: CN¥0.24 loss per share (vs CN¥0.003 loss in FY 2024) Full year 2025 results: CN¥0.24 loss per share (further deteriorated from CN¥0.003 loss in FY 2024). Revenue: CN¥1.29b (flat on FY 2024). Net loss: CN¥193.2m (loss widened CN¥190.4m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
Shenzhen Topway Video Communication Co., Ltd, Annual General Meeting, May 15, 2026 Shenzhen Topway Video Communication Co., Ltd, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Topway Video Communication Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Topway Video Communication Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Shenzhen Topway Video Communication Co., Ltd to Report Fiscal Year 2025 Results on Apr 22, 2026 Shenzhen Topway Video Communication Co., Ltd announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.019 loss per share (vs CN¥0 in 3Q 2024) Third quarter 2025 results: CN¥0.019 loss per share (further deteriorated from CN¥0 in 3Q 2024). Revenue: CN¥297.4m (up 9.5% from 3Q 2024). Net loss: CN¥15.4m (down CN¥15.7m from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shenzhen Topway Video Communication Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Topway Video Communication Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jul 02
Shenzhen Topway Video Communication Co., Ltd to Report First Half, 2025 Results on Aug 29, 2025 Shenzhen Topway Video Communication Co., Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 23
Full year 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.16 profit in FY 2023) Full year 2024 results: CN¥0.003 loss per share (down from CN¥0.16 profit in FY 2023). Revenue: CN¥1.30b (down 12% from FY 2023). Net loss: CN¥2.81m (down 102% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Apr 22
Shenzhen Topway Video Communication Co., Ltd Proposes Final Cash Dividend for 2024 Shenzhen Topway Video Communication Co. Ltd. announced on 21 April 2025 the final profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000. Announcement • Apr 20
Shenzhen Topway Video Communication Co., Ltd, Annual General Meeting, May 13, 2025 Shenzhen Topway Video Communication Co., Ltd, Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Topway Video Communication Co., Ltd to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Topway Video Communication Co., Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Mar 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 8.2% 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 Earnings have declined by 16% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (128% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.2% net profit margin). Announcement • Dec 31
Shenzhen Topway Video Communication Co., Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 Shenzhen Topway Video Communication Co., Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0 (down from CN¥0.02 in 3Q 2023). Revenue: CN¥271.6m (down 12% from 3Q 2023). Net income: CN¥276.5k (down 98% from 3Q 2023). Profit margin: 0.1% (down from 5.3% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Topway Video Communication Co., Ltd to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Topway Video Communication Co., Ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.058 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.018 (down from CN¥0.058 in 2Q 2023). Revenue: CN¥355.0m (up 8.3% from 2Q 2023). Net income: CN¥12.5m (down 72% from 2Q 2023). Profit margin: 3.5% (down from 14% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Aug 01
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Non-Independent Director Yuxiang Chen was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 23
Shenzhen Topway Video Communication Co., Ltd Approves Management Elections Shenzhen Topway Video Communication Co. Ltd. at its Extraordinary General Meeting held on 19 July 2024 approved the election of Guo Jing, Yang Kaifan, Chen Yuxiang and Li Nian as non-independent directors. The company approved the election of Bi Xiaoting and Yuan Zuliang as independent directors. The company approved the election of Zheng Xiangyang and Kou Fei as supervisors. Announcement • Jun 29
Shenzhen Topway Video Communication Co., Ltd to Report First Half, 2024 Results on Aug 23, 2024 Shenzhen Topway Video Communication Co., Ltd announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 15
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by earnings (72% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 20% to shift the payout ratio to a potentially unsustainable range, which is more than the 11% EPS decline seen over the last 5 years. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hua Zhang was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.023 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.023 in 1Q 2023). Revenue: CN¥268.6m (down 8.7% from 1Q 2023). Net income: CN¥2.47m (down 87% from 1Q 2023). Profit margin: 0.9% (down from 6.4% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Apr 02
Shenzhen Topway Video Communication Co., Ltd, Annual General Meeting, Apr 23, 2024 Shenzhen Topway Video Communication Co., Ltd, Annual General Meeting, Apr 23, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in FY 2022) Full year 2023 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2022). Revenue: CN¥1.48b (down 1.8% from FY 2022). Net income: CN¥125.1m (up 14% from FY 2022). Profit margin: 8.5% (up from 7.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Mar 30
Shenzhen Topway Video Communication Co., Ltd to Report Q1, 2024 Results on Apr 29, 2024 Shenzhen Topway Video Communication Co., Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.20, the stock trades at a trailing P/E ratio of 78.6x. Average trailing P/E is 36x in the Media industry in China. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.23, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 34x in the Media industry in China. Total returns to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.87, the stock trades at a trailing P/E ratio of 62.3x. Average trailing P/E is 33x in the Media industry in China. Total returns to shareholders of 63% over the past three years. Reported Earnings • Jan 23
Full year 2023 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in FY 2022) Full year 2023 results: EPS: CN¥0.14 (up from CN¥0.14 in FY 2022). Revenue: CN¥1.47b (down 2.0% from FY 2022). Net income: CN¥114.3m (up 4.0% from FY 2022). Profit margin: 7.8% (up from 7.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Dec 30
Shenzhen Topway Video Communication Co., Ltd to Report Fiscal Year 2023 Results on Apr 02, 2024 Shenzhen Topway Video Communication Co., Ltd announced that they will report fiscal year 2023 results on Apr 02, 2024 Board Change • Dec 20
High number of new directors Director Fangshi Luo was the last director to join the board, commencing their role in 2023. New Risk • Nov 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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.23, the stock trades at a trailing P/E ratio of 50.1x. Average trailing P/E is 39x in the Media industry in China. Total returns to shareholders of 21% over the past three years. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.034 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.034 in 3Q 2022). Revenue: CN¥308.5m (down 23% from 3Q 2022). Net income: CN¥16.2m (down 41% from 3Q 2022). Profit margin: 5.3% (down from 6.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.058 (vs CN¥0.049 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.058 (up from CN¥0.049 in 2Q 2022). Revenue: CN¥327.7m (down 10.0% from 2Q 2022). Net income: CN¥44.3m (up 11% from 2Q 2022). Profit margin: 14% (up from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 20
Second quarter 2023 earnings released: EPS: CN¥0.057 (vs CN¥0.049 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.057 (up from CN¥0.049 in 2Q 2022). Revenue: CN¥327.2m (down 10% from 2Q 2022). Net income: CN¥44.4m (up 11% from 2Q 2022). Profit margin: 14% (up from 11% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Shenzhen Topway Video Communication Co., Ltd to Report First Half, 2023 Results on Aug 25, 2023 Shenzhen Topway Video Communication Co., Ltd announced that they will report first half, 2023 results on Aug 25, 2023 Announcement • Jun 08
Shenzhen Topway Video Communication Co., Ltd Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date of 14 June 2023 Shenzhen Topway Video Communication Co. Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.00000000, Record date: 13 June 2023, Ex-date: 14 June 2023 and Payment date of 14 June 2023. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥7.76, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 33x in the Media industry in China. Total returns to shareholders of 42% over the past three years. Reported Earnings • Jan 12
Full year 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.18 in FY 2021) Full year 2022 results: EPS: CN¥0.14 (down from CN¥0.18 in FY 2021). Revenue: CN¥1.51b (down 15% from FY 2021). Net income: CN¥109.7m (down 23% from FY 2021). Profit margin: 7.3% (down from 8.0% 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 15% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.35, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 32x in the Media industry in China. Total returns to shareholders of 45% over the past three years. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Chairman of the Board of Directors Ding Wen Zheng is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥6.33, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 31x in the Media industry in China. Total returns to shareholders of 22% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.023 (vs CN¥0.018 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.023 (up from CN¥0.018 in 3Q 2021). Revenue: CN¥336.5m (up 9.6% from 3Q 2021). Net income: CN¥18.2m (up 30% from 3Q 2021). Profit margin: 5.4% (up from 4.6% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥6.39, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 33x in the Media industry in China. Total returns to shareholders of 5.8% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.15, the stock trades at a trailing P/E ratio of 48.1x. Average trailing P/E is 29x in the Media industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.067 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.049 (down from CN¥0.067 in 2Q 2021). Revenue: CN¥410.2m (down 23% from 2Q 2021). Net income: CN¥40.1m (down 26% from 2Q 2021). Profit margin: 9.8% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Aug 18
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Chairman of the Board of Directors Ding Wen Zheng is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Aug 18
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be CN¥7.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 14%. Reported Earnings • Jul 13
Second quarter 2022 earnings released: EPS: CN¥0.049 (vs CN¥0.067 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.049 (down from CN¥0.067 in 2Q 2021). Revenue: CN¥410.2m (down 23% from 2Q 2021). Net income: CN¥40.1m (down 26% from 2Q 2021). Profit margin: 9.8% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Jun 18
Shenzhen Topway Video Communication Co., Ltd Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on June 24, 2022 Shenzhen Topway Video Communication Co. Ltd. announced 2021 final profit distribution plan to be implemented (A shares), Payable on June 24, 2022. The company announced Cash dividend/10 shares (tax included) of CNY 1.00000000. The record date is June 23, 2022 and ex-date is June 24, 2022. Announcement • May 12
Shenzhen Topway Video Communication Co. Ltd. Approves the Final Cash Dividend for 2021 Shenzhen Topway Video Communication Co. Ltd. approved final cash dividend/10 shares (tax included) of CNY 1.00000000 for 2021 in its Annual General Meeting of 2021 held on 06 May 2022. Reported Earnings • Apr 30
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.019 (down from CN¥0.03 in 1Q 2021). Revenue: CN¥338.7m (down 7.3% from 1Q 2021). Net income: CN¥14.9m (down 37% from 1Q 2021). Profit margin: 4.4% (down from 6.5% in 1Q 2021). Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 17%. 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 10% per year. Reported Earnings • Apr 16
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.18 (down from CN¥0.23 in FY 2020). Revenue: CN¥1.78b (up 2.0% from FY 2020). Net income: CN¥142.0m (down 22% from FY 2020). Profit margin: 8.0% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. Buying Opportunity • Feb 24
Now 23% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be CN¥8.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% per annum over the last 3 years. Earnings per share has declined by 10% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥5.97, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 33x in the Media industry in China. Total returns to shareholders of 53% over the past three years. Buying Opportunity • Jan 24
Now 22% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be CN¥8.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% per annum over the last 3 years. Earnings per share has declined by 10% per annum over the last 3 years. Reported Earnings • Jan 23
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.18 (down from CN¥0.23 in FY 2020). Revenue: CN¥1.78b (up 2.1% from FY 2020). Net income: CN¥142.3m (down 22% from FY 2020). Profit margin: 8.0% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) missed analyst estimates by 17%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.018 (vs CN¥0.036 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥307.0m (down 14% from 3Q 2020). Net income: CN¥14.1m (down 52% from 3Q 2020). Profit margin: 4.6% (down from 8.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.077 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¥534.4m (up 4.4% from 2Q 2020). Net income: CN¥54.0m (down 13% from 2Q 2020). Profit margin: 10% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥7.43, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 26x in the Media industry in China. Total returns to shareholders of 39% over the past three years. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.03 (vs CN¥0.046 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥365.3m (down 2.3% from 1Q 2020). Net income: CN¥23.8m (down 35% from 1Q 2020). Profit margin: 6.5% (down from 9.8% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.23 (vs CN¥0.24 in FY 2019) The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2020 results: Revenue: CN¥1.74b (up 2.7% from FY 2019). Net income: CN¥182.1m (down 3.3% from FY 2019). Profit margin: 10% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 25
Shenzhen Topway Video Communication Co., Ltd to Report Fiscal Year 2020 Results on Mar 31, 2021 Shenzhen Topway Video Communication Co., Ltd announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 01
New 90-day low: CN¥5.89 The company is down 5.0% from its price of CN¥6.20 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 10.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥7.41 The company is up 11% from its price of CN¥6.65 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: CN¥7.27 The company is up 3.0% from its price of CN¥7.07 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Media industry, which is down 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥156.2m, down 25% from the prior year. Total revenue was CN¥1.79b over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Oct 27
New 90-day low: CN¥6.51 The company is down 14% from its price of CN¥7.57 on 29 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period. Announcement • Oct 20
Shenzhen Topway Video Communication Co., Ltd to Report Q3, 2020 Results on Oct 27, 2020 Shenzhen Topway Video Communication Co., Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: CN¥6.66 The company is down 6.0% from its price of CN¥7.06 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period. Announcement • Aug 11
Shenzhen Topway Video Communication Co., Ltd to Report First Half, 2020 Results on Aug 27, 2020 Shenzhen Topway Video Communication Co., Ltd announced that they will report first half, 2020 results on Aug 27, 2020