Announcement • Jun 30
Qingdao Topscomm Communication Inc. to Report First Half, 2026 Results on Aug 26, 2026 Qingdao Topscomm Communication Inc. announced that they will report first half, 2026 results on Aug 26, 2026 Reported Earnings • Apr 23
Full year 2025 earnings released: CN¥0.98 loss per share (vs CN¥0.37 loss in FY 2024) Full year 2025 results: CN¥0.98 loss per share (further deteriorated from CN¥0.37 loss in FY 2024). Revenue: CN¥1.50b (down 51% from FY 2024). Net loss: CN¥636.6m (loss widened 163% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Announcement • Apr 22
Qingdao Topscomm Communication Inc., Annual General Meeting, May 14, 2026 Qingdao Topscomm Communication Inc., Annual General Meeting, May 14, 2026, at 13:30 China Standard Time. Location: 1F, Tower B, Building 4, No. 858, Huaguan Road, Hi-tech Zone, Qingdao, Shandong China Announcement • Mar 30
Qingdao Topscomm Communication Inc. to Report Q1, 2026 Results on Apr 29, 2026 Qingdao Topscomm Communication Inc. announced that they will report Q1, 2026 results on Apr 29, 2026 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 7.8% 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 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • Dec 26
Qingdao Topscomm Communication Inc. to Report Fiscal Year 2025 Results on Apr 23, 2026 Qingdao Topscomm Communication Inc. announced that they will report fiscal year 2025 results on Apr 23, 2026 New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.6% 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 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.18 loss per share (vs CN¥0.027 profit in 3Q 2024) Third quarter 2025 results: CN¥0.18 loss per share (down from CN¥0.027 profit in 3Q 2024). Revenue: CN¥361.8m (down 56% from 3Q 2024). Net loss: CN¥117.1m (down CN¥137.3m 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 112 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Qingdao Topscomm Communication Inc. to Report Q3, 2025 Results on Oct 28, 2025 Qingdao Topscomm Communication Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Qingdao Topscomm Communication INC. to Report First Half, 2025 Results on Aug 26, 2025 Qingdao Topscomm Communication INC. announced that they will report first half, 2025 results on Aug 26, 2025 Reported Earnings • Apr 24
Full year 2024 earnings released: CN¥0.37 loss per share (vs CN¥0.20 profit in FY 2023) Full year 2024 results: CN¥0.37 loss per share (down from CN¥0.20 profit in FY 2023). Revenue: CN¥3.09b (down 15% from FY 2023). Net loss: CN¥242.4m (down 285% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Apr 23
Qingdao Topscomm Communication INC., Annual General Meeting, May 15, 2025 Qingdao Topscomm Communication INC., Annual General Meeting, May 15, 2025, at 13:30 China Standard Time. Location: 1F, Tower B, Building 4, No. 858, Huaguan Road, Hi-tech Zone, Qingdao, Shandong China Announcement • Mar 28
Qingdao Topscomm Communication INC. to Report Q1, 2025 Results on Apr 29, 2025 Qingdao Topscomm Communication INC. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Qingdao Topscomm Communication INC. to Report Fiscal Year 2024 Results on Apr 23, 2025 Qingdao Topscomm Communication INC. announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.027 (vs CN¥0.022 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.027 (up from CN¥0.022 in 3Q 2023). Revenue: CN¥817.7m (down 4.3% from 3Q 2023). Net income: CN¥20.2m (up 13% from 3Q 2023). Profit margin: 2.5% (up from 2.1% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% 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. Announcement • Sep 30
Qingdao Topscomm Communication INC. to Report Q3, 2024 Results on Oct 25, 2024 Qingdao Topscomm Communication INC. announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Sep 20
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 8.7% 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 Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (92% payout ratio). Profit margins are more than 30% lower than last year (1.2% net profit margin). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥4.99, the stock trades at a trailing P/E ratio of 69.7x. Average trailing P/E is 46x in the Semiconductor industry in China. Total loss to shareholders of 32% over the past three years. Reported Earnings • Aug 28
Second quarter 2024 earnings released: EPS: CN¥0.076 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.076 (down from CN¥0.17 in 2Q 2023). Revenue: CN¥968.1m (up 13% from 2Q 2023). Net income: CN¥56.0m (down 40% from 2Q 2023). Profit margin: 5.8% (down from 11% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Jun 28
Qingdao Topscomm Communication INC. to Report First Half, 2024 Results on Aug 28, 2024 Qingdao Topscomm Communication INC. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.49, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 50x in the Semiconductor industry in China. Total loss to shareholders of 40% over the past three years. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.3% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Announcement • May 01
Qingdao Topscomm Communication INC., Annual General Meeting, Jun 06, 2024 Qingdao Topscomm Communication INC., Annual General Meeting, Jun 06, 2024, at 14:00 China Standard Time. Location: 1F, Tower B, Building 4, No. 858, Huaguan Road, Hi-tech Zone, Qingdao, Shandong China Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.18 in FY 2022) Full year 2023 results: EPS: CN¥0.20 (up from CN¥0.18 in FY 2022). Revenue: CN¥3.63b (up 17% from FY 2022). Net income: CN¥131.2m (up 11% from FY 2022). Profit margin: 3.6% (down from 3.8% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥6.40, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 52x in the Semiconductor industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 29
Qingdao Topscomm Communication INC. to Report Q1, 2024 Results on Apr 30, 2024 Qingdao Topscomm Communication INC. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥6.78, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 48x in the Semiconductor industry in China. Total loss to shareholders of 6.6% over the past three years. Announcement • Dec 29
Qingdao Topscomm Communication INC. to Report Fiscal Year 2023 Results on Apr 24, 2024 Qingdao Topscomm Communication INC. announced that they will report fiscal year 2023 results on Apr 24, 2024 New Risk • Oct 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 8.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.8% net profit margin). Announcement • Sep 30
Qingdao Topscomm Communication INC. to Report Q3, 2023 Results on Oct 26, 2023 Qingdao Topscomm Communication INC. announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥858.4m (up 20% from 2Q 2022). Net income: CN¥94.1m (up 20% from 2Q 2022). Profit margin: 11% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.18 (vs CN¥0.24 in FY 2021) Full year 2022 results: EPS: CN¥0.18 (down from CN¥0.24 in FY 2021). Revenue: CN¥3.11b (up 10% from FY 2021). Net income: CN¥118.7m (down 24% from FY 2021). Profit margin: 3.8% (down from 5.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.018 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.11 (up from CN¥0.018 in 3Q 2021). Revenue: CN¥816.5m (up 36% from 3Q 2021). Net income: CN¥97.8m (up CN¥87.9m from 3Q 2021). Profit margin: 12% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.026 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.026 in 2Q 2021). Revenue: CN¥717.2m (up 50% from 2Q 2021). Net income: CN¥78.2m (up 339% from 2Q 2021). Profit margin: 11% (up from 3.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥9.60, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 54x in the Semiconductor industry in China. Total loss to shareholders of 22% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.026 (vs CN¥0.14 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥477.0m (up 4.4% from 2Q 2020). Net income: CN¥17.8m (down 82% from 2Q 2020). Profit margin: 3.7% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 15
Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.25 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥2.10b (up 16% from FY 2019). Net income: CN¥181.1m (up 12% from FY 2019). Profit margin: 8.6% (down from 8.9% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 01
New 90-day low: CN¥7.98 The company is down 19% from its price of CN¥9.83 on 03 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥8.30 The company is down 21% from its price of CN¥10.51 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥9.24 The company is down 9.0% from its price of CN¥10.17 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥9.62 The company is down 12% from its price of CN¥10.89 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 11% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥123.8m, down 22% from the prior year. Total revenue was CN¥1.97b over the last 12 months, up 18% from the prior year. Announcement • Oct 27
Qingdao Topscomm Communication INC. to Report Q3, 2020 Results on Oct 29, 2020 Qingdao Topscomm Communication INC. announced that they will report Q3, 2020 results on Oct 29, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: CN¥10.17 The company is down 1.0% from its price of CN¥10.32 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 Semiconductor industry, which is up 5.0% over the same period. Announcement • Jul 09
Qingdao Topscomm Communication INC. to Report First Half, 2020 Results on Aug 26, 2020 Qingdao Topscomm Communication INC. announced that they will report first half, 2020 results on Aug 26, 2020