Announcement • Jun 06
Focus Technology Co., Ltd. Approves Board Elections, Effective June 3, 2026 Focus Technology Co., Ltd. announced that at the Extraordinary General Meeting held on June 3, 2026, approved the election of Cao Rui and Li Yougen as non-independent directors and Zhao Lindu and Ling Zhen as independent directors. Price Target Changed • May 04
Price target decreased by 7.0% to CN¥43.08 Down from CN¥46.34, the current price target is an average from 3 analysts. New target price is 42% above last closing price of CN¥30.44. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of CN¥1.33 for next year compared to CN¥1.22 last year. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.31 (vs CN¥0.27 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.31. Revenue: CN¥512.3m (up 16% from 1Q 2025). Net income: CN¥97.9m (down 13% from 1Q 2025). Profit margin: 19% (down from 25% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in China. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥34.15, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Interactive Media and Services industry in China. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥57.00 per share. Declared Dividend • Apr 19
Final dividend of CN¥0.70 announced Shareholders will receive a dividend of CN¥0.70. Ex-date: 23rd April 2026 Payment date: 23rd April 2026 Dividend yield will be 2.7%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 31
Focus Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Focus Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 20
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.59 (up from CN¥1.42 in FY 2024). Revenue: CN¥1.92b (up 15% from FY 2024). Net income: CN¥503.6m (up 12% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Announcement • Mar 19
Focus Technology Co., Ltd., Annual General Meeting, Apr 10, 2026 Focus Technology Co., Ltd., Annual General Meeting, Apr 10, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China Buy Or Sell Opportunity • Mar 03
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CN¥42.92. The fair value is estimated to be CN¥53.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 45% in the next 2 years. Reported Earnings • Feb 07
Full year 2025 earnings released Full year 2025 results: Revenue: CN¥1.92b (up 15% from FY 2024). Net income: CN¥504.1m (up 12% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Interactive Media and Services industry in China. New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 14
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to CN¥61.22. The fair value is estimated to be CN¥49.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥53.27, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Interactive Media and Services industry in China. Total returns to shareholders of 219% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.70 per share. Announcement • Dec 31
Focus Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 20, 2026 Focus Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 20, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.39 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.38 (down from CN¥0.39 in 3Q 2024). Revenue: CN¥489.2m (up 17% from 3Q 2024). Net income: CN¥121.6m (down 2.0% from 3Q 2024). Profit margin: 25% (down from 30% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to CN¥43.46. The fair value is estimated to be CN¥54.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Announcement • Sep 30
Focus Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Focus Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Declared Dividend • Sep 21
First half dividend increased to CN¥0.60 Dividend of CN¥0.60 is 9.1% higher than last year. Ex-date: 26th September 2025 Payment date: 26th September 2025 Dividend yield will be 2.4%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Sep 04
Price target increased by 9.6% to CN¥60.23 Up from CN¥54.94, the current price target is an average from 3 analysts. New target price is 28% above last closing price of CN¥47.04. Stock is up 89% over the past year. The company is forecast to post earnings per share of CN¥1.71 for next year compared to CN¥1.42 last year. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.58 (vs CN¥0.50 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.58 (up from CN¥0.50 in 2Q 2024). Revenue: CN¥476.3m (up 16% from 2Q 2024). Net income: CN¥182.8m (up 16% from 2Q 2024). Profit margin: 38% (in line with 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Interactive Media and Services 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 increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥51.12, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 37x in the Interactive Media and Services industry in China. Total returns to shareholders of 321% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥52.59 per share. Announcement • Jul 02
Focus Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Focus Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Reported Earnings • May 01
First quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.24 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.35 (up from CN¥0.24 in 1Q 2024). Revenue: CN¥443.0m (up 15% from 1Q 2024). Net income: CN¥112.0m (up 46% from 1Q 2024). Profit margin: 25% (up from 20% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to CN¥33.84. The fair value is estimated to be CN¥43.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Declared Dividend • Apr 07
Final dividend of CN¥0.55 announced Shareholders will receive a dividend of CN¥0.55. Ex-date: 11th April 2025 Payment date: 11th April 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (77% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 31
Focus Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Focus Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Mar 21
Focus Technology Co., Ltd. Approves Dividend for 2024 Focus Technology Co., Ltd. at its AGM held on March 19, 2025, approved the profit distribution proposal for 2024 as follows: Cash dividend (tax included): CNY 5.50000000 per ten shares. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥47.84, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Interactive Media and Services industry in China. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥43.69 per share. Price Target Changed • Feb 27
Price target increased by 20% to CN¥47.89 Up from CN¥40.05, the current price target is an average from 2 analysts. New target price is 8.0% above last closing price of CN¥44.32. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥1.72 for next year compared to CN¥1.42 last year. Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.42 (up from CN¥1.21 in FY 2023). Revenue: CN¥1.67b (up 9.3% from FY 2023). Net income: CN¥451.2m (up 19% from FY 2023). Profit margin: 27% (up from 25% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Interactive Media and Services 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 increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 26
Focus Technology Co., Ltd., Annual General Meeting, Mar 19, 2025 Focus Technology Co., Ltd., Annual General Meeting, Mar 19, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Nanjing, Jiangsu China New Risk • Jan 31
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 Risk Dividend is not well covered by earnings (112% payout ratio). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥50.88, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 67x in the Interactive Media and Services industry in China. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥55.34 per share. Announcement • Dec 31
Focus Technology Co., Ltd. to Report Fiscal Year 2024 Results on Feb 26, 2025 Focus Technology Co., Ltd. announced that they will report fiscal year 2024 results on Feb 26, 2025 Buy Or Sell Opportunity • Dec 23
Now 21% undervalued Over the last 90 days, the stock has risen 69% to CN¥43.08. The fair value is estimated to be CN¥54.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. New Risk • Dec 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 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 Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥49.93, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 60x in the Interactive Media and Services industry in China. Total returns to shareholders of 253% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥54.48 per share. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥37.43, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 59x in the Interactive Media and Services industry in China. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.95 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.39 (vs CN¥0.35 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.39 (up from CN¥0.35 in 3Q 2023). Revenue: CN¥418.4m (up 8.5% from 3Q 2023). Net income: CN¥124.0m (up 15% from 3Q 2023). Profit margin: 30% (up from 28% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 25% per year. Board Change • Oct 08
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Jia Meng was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Sep 30
Focus Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Focus Technology 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 17% After last week's 17% share price gain to CN¥27.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥50.17 per share. Announcement • Sep 24
Hangzhou Robam Appliances Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 27 September 2024 Hangzhou Robam Appliances Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 5.50000000 for year 2024 of A shares. Record date is 26 September 2024. Ex-date is 27 September 2024. Payment date is 27 September 2024. Announcement • Sep 20
Focus Technology Co., Ltd. Approves Interim Cash Dividend for the Year 2024 Focus Technology Co., Ltd. at its Extraordinary General Meeting held on 18 September 2024, approved interim cash dividend per ten shares (tax included) of CNY 5.50000000 for the year 2024. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.45 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.50 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥409.5m (up 4.2% from 2Q 2023). Net income: CN¥157.0m (up 11% from 2Q 2023). Profit margin: 38% (up from 36% in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 20
Second quarter 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.45 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.50 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥409.5m (up 4.2% from 2Q 2023). Net income: CN¥156.8m (up 11% from 2Q 2023). Profit margin: 38% (up from 36% in 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Buy Or Sell Opportunity • Jul 01
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥26.87. The fair value is estimated to be CN¥36.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Announcement • Jun 29
Focus Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Focus Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Buy Or Sell Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to CN¥28.73. The fair value is estimated to be CN¥36.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Buy Or Sell Opportunity • Jun 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CN¥28.49. The fair value is estimated to be CN¥35.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.16 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.16 in 1Q 2023). Revenue: CN¥384.2m (up 11% from 1Q 2023). Net income: CN¥76.7m (up 58% from 1Q 2023). Profit margin: 20% (up from 14% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Buy Or Sell Opportunity • Apr 20
Now 20% undervalued Over the last 90 days, the stock has risen 4.6% to CN¥29.75. The fair value is estimated to be CN¥37.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • Mar 31
Dividend increased to CN¥1.00 Dividend of CN¥1.00 is 11% higher than last year. Ex-date: 10th April 2024 Payment date: 10th April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 30
Focus Technology Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Focus Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 New Risk • Feb 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (9.0% average weekly change). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Feb 23
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥1.21 (up from CN¥0.98 in FY 2022). Revenue: CN¥1.53b (up 3.5% from FY 2022). Net income: CN¥378.9m (up 26% from FY 2022). Profit margin: 25% (up from 20% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 1.8%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Interactive Media and Services industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥24.23, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 25x in the Interactive Media and Services industry in China. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.60 per share. Announcement • Dec 30
Focus Technology Co., Ltd. to Report Fiscal Year 2023 Results on Feb 23, 2024 Focus Technology Co., Ltd. announced that they will report fiscal year 2023 results on Feb 23, 2024 Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥35.06, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 21x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.91 per share. New Risk • Dec 01
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 8.2% 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 (8.2% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.31 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.35 (up from CN¥0.31 in 3Q 2022). Revenue: CN¥385.7m (flat on 3Q 2022). Net income: CN¥107.9m (up 12% from 3Q 2022). Profit margin: 28% (up from 25% in 3Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Focus Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Focus Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥32.32, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.24 per share. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.45 (up from CN¥0.35 in 2Q 2022). Revenue: CN¥393.0m (up 3.5% from 2Q 2022). Net income: CN¥141.1m (up 38% from 2Q 2022). Profit margin: 36% (up from 27% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 24
Second quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.45 (up from CN¥0.35 in 2Q 2022). Revenue: CN¥393.0m (up 3.5% from 2Q 2022). Net income: CN¥141.1m (up 38% from 2Q 2022). Profit margin: 36% (up from 27% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 24
Second quarter 2023 earnings released: EPS: CN¥0.45 (vs CN¥0.35 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.45 (up from CN¥0.35 in 2Q 2022). Revenue: CN¥393.0m (up 3.5% from 2Q 2022). Net income: CN¥141.1m (up 38% from 2Q 2022). Profit margin: 36% (up from 27% in 2Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥46.94, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 276% over the past three years. Announcement • May 17
Focus Technology Co., Ltd. Approves Board Elections Focus Technology Co., Ltd. at its EGM held on 15 May 2023 approved election of Meng Jia as non-independent director and Feng Qiaogen as independent director. Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥41.27, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 21x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 221% over the past three years. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.16 (up from CN¥0.13 in 1Q 2022). Revenue: CN¥346.1m (flat on 1Q 2022). Net income: CN¥48.6m (up 20% from 1Q 2022). Profit margin: 14% (up from 12% in 1Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Interactive Media and Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.60, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥22.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 54% over the past three years. Major Estimate Revision • Mar 06
Consensus EPS estimates increase by 51% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from CN¥1.61b to CN¥1.73b. EPS estimate increased from CN¥0.78 to CN¥1.18 per share. Net income forecast to grow 23% next year vs 18% growth forecast for Interactive Media and Services industry in China. Consensus price target up from CN¥18.50 to CN¥23.00. Share price was steady at CN¥19.63 over the past week. Price Target Changed • Mar 03
Price target increased by 24% to CN¥23.00 Up from CN¥18.50, the current price target is provided by 1 analyst. New target price is 17% above last closing price of CN¥19.63. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥1.18 for next year compared to CN¥0.98 last year. Reported Earnings • Feb 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.98 (up from CN¥0.80 in FY 2021). Revenue: CN¥1.47b (flat on FY 2021). Net income: CN¥300.4m (up 23% from FY 2021). Profit margin: 20% (up from 17% in FY 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥21.63, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Interactive Media and Services industry in Asia. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥18.82, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Online Retail industry in China. Total returns to shareholders of 46% over the past three years. Price Target Changed • Nov 16
Price target decreased to CN¥18.50 Down from CN¥22.60, the current price target is provided by 1 analyst. New target price is 25% above last closing price of CN¥14.80. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.80 last year. 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. 4 experienced directors. No highly experienced directors. Independent Director Geng Chengxuan is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.31 (vs CN¥0.21 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.21 in 3Q 2021). Revenue: CN¥384.8m (up 8.9% from 3Q 2021). Net income: CN¥96.1m (up 49% from 3Q 2021). Profit margin: 25% (up from 18% in 3Q 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Online Retail industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 26
Consensus revenue estimates fall by 19% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥1.77b to CN¥1.43b. EPS estimate fell from CN¥0.83 to CN¥0.72 per share. Net income forecast to shrink 11% next year vs 25% growth forecast for Online Retail industry in China . Consensus price target down from CN¥22.60 to CN¥18.50. Share price rose 3.4% to CN¥14.16 over the past week. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.38 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.35 (down from CN¥0.38 in 2Q 2021). Revenue: CN¥379.5m (down 6.0% from 2Q 2021). Net income: CN¥102.1m (down 6.0% from 2Q 2021). Profit margin: 27% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 29% growth forecast for the Online Retail industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.4%. The fair value is estimated to be CN¥18.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 24% in a year. Earnings is forecast to grow by 0.3% in the next year.