Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.74 loss per share (vs CN¥0.15 loss in FY 2024) Full year 2025 results: CN¥0.74 loss per share (further deteriorated from CN¥0.15 loss in FY 2024). Revenue: CN¥310.7m (down 3.0% from FY 2024). Net loss: CN¥467.6m (loss widened 384% from FY 2024). Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 31% per year. Announcement • Mar 30
Bright Oceans Inter-Telecom Corporation to Report Q1, 2026 Results on Apr 28, 2026 Bright Oceans Inter-Telecom Corporation announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 26
Bright Oceans Inter-Telecom Corporation to Report Fiscal Year 2025 Results on Apr 23, 2026 Bright Oceans Inter-Telecom Corporation announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.066 loss per share (vs CN¥0.033 profit in 3Q 2024) Third quarter 2025 results: CN¥0.066 loss per share (down from CN¥0.033 profit in 3Q 2024). Revenue: CN¥127.2m (up 88% from 3Q 2024). Net loss: CN¥41.7m (down 302% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Bright Oceans Inter-Telecom Corporation to Report Q3, 2025 Results on Oct 31, 2025 Bright Oceans Inter-Telecom Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Jul 11
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 8.6% 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 (8.6% average weekly change). Earnings have declined by 54% per year over the past 5 years. Announcement • Jun 30
Bright Oceans Inter-Telecom Corporation to Report First Half, 2025 Results on Aug 30, 2025 Bright Oceans Inter-Telecom Corporation announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Jun 09
Bright Oceans Inter-Telecom Corporation, Annual General Meeting, Jun 30, 2025 Bright Oceans Inter-Telecom Corporation, Annual General Meeting, Jun 30, 2025, at 14:30 China Standard Time. Location: Block CD, Building 1, Yard No. 26, Gucheng West Street, Shijingshan District, Beijing China Announcement • Mar 28
Bright Oceans Inter-Telecom Corporation to Report Q1, 2025 Results on Apr 29, 2025 Bright Oceans Inter-Telecom Corporation announced that they will report Q1, 2025 results on Apr 29, 2025 Buy Or Sell Opportunity • Mar 28
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at CN¥7.30. The fair value is estimated to be CN¥9.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Earnings per share has declined by 47%. Board Change • Jan 14
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. 7 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Jiesheng Guo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Dec 27
Bright Oceans Inter-Telecom Corporation to Report Fiscal Year 2024 Results on Apr 23, 2025 Bright Oceans Inter-Telecom Corporation announced that they will report fiscal year 2024 results on Apr 23, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.033 (vs CN¥1.21 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.033 (up from CN¥1.21 loss in 3Q 2023). Revenue: CN¥67.6m (up 66% from 3Q 2023). Net income: CN¥20.6m (up CN¥784.6m from 3Q 2023). Profit margin: 31% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Bright Oceans Inter-Telecom Corporation to Report Q3, 2024 Results on Oct 29, 2024 Bright Oceans Inter-Telecom Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.072 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.036 (up from CN¥0.072 loss in 2Q 2023). Revenue: CN¥76.0m (up 48% from 2Q 2023). Net income: CN¥22.6m (up CN¥68.2m from 2Q 2023). Profit margin: 30% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Bright Oceans Inter-Telecom Corporation to Report First Half, 2024 Results on Aug 31, 2024 Bright Oceans Inter-Telecom Corporation announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Jun 02
Bright Oceans Inter-Telecom Corporation, Annual General Meeting, Jun 20, 2024 Bright Oceans Inter-Telecom Corporation, Annual General Meeting, Jun 20, 2024, at 14:30 China Standard Time. Location: Tower CD, Building 1, Yard No. 26, Gucheng West Street, Shijingshan District, Beijing China Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.023 loss per share (vs CN¥0.078 loss in 1Q 2023) First quarter 2024 results: CN¥0.023 loss per share (improved from CN¥0.078 loss in 1Q 2023). Revenue: CN¥49.1m (up 1.9% from 1Q 2023). Net loss: CN¥14.5m (loss narrowed 71% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 57% 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. New Risk • Apr 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥719.4m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Announcement • Mar 30
Bright Oceans Inter-Telecom Corporation to Report Q1, 2024 Results on Apr 30, 2024 Bright Oceans Inter-Telecom Corporation announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
Bright Oceans Inter-Telecom Corporation to Report Fiscal Year 2023 Results on Apr 30, 2024 Bright Oceans Inter-Telecom Corporation announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥1.21 loss per share (vs CN¥0.082 loss in 3Q 2022) Third quarter 2023 results: CN¥1.21 loss per share (further deteriorated from CN¥0.082 loss in 3Q 2022). Revenue: CN¥40.6m (up 19% from 3Q 2022). Net loss: CN¥764.0m (loss widened CN¥712.5m from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.072 loss per share (vs CN¥0.059 loss in 2Q 2022) Second quarter 2023 results: CN¥0.072 loss per share (further deteriorated from CN¥0.059 loss in 2Q 2022). Revenue: CN¥51.4m (down 39% from 2Q 2022). Net loss: CN¥45.5m (loss widened 22% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. New Risk • Aug 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 29
Full year 2022 earnings released: CN¥0.56 loss per share (vs CN¥0.32 loss in FY 2021) Full year 2022 results: CN¥0.56 loss per share (further deteriorated from CN¥0.32 loss in FY 2021). Revenue: CN¥261.3m (down 34% from FY 2021). Net loss: CN¥350.2m (loss widened 75% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. 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. 8 experienced directors. 4 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Jin Rong Chen was the last independent director to join the board, commencing their role in 2018. 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 31
Third quarter 2022 earnings released: CN¥0.082 loss per share (vs CN¥0.059 profit in 3Q 2021) Third quarter 2022 results: CN¥0.082 loss per share (down from CN¥0.059 profit in 3Q 2021). Revenue: CN¥34.2m (down 77% from 3Q 2021). Net loss: CN¥51.4m (down 237% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Sep 01
Second quarter 2022 earnings released: CN¥0.059 loss per share (vs CN¥0.004 profit in 2Q 2021) Second quarter 2022 results: CN¥0.059 loss per share (down from CN¥0.004 profit in 2Q 2021). Revenue: CN¥84.8m (down 42% from 2Q 2021). Net loss: CN¥37.3m (down CN¥39.8m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2021 earnings released: CN¥0.32 loss per share (vs CN¥0.57 loss in FY 2020) Full year 2021 results: CN¥0.32 loss per share (up from CN¥0.57 loss in FY 2020). Revenue: CN¥392.8m (down 25% from FY 2020). Net loss: CN¥200.7m (loss narrowed 45% from FY 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 3 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Jin Rong Chen was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 06
Bright Oceans Inter-Telecom Corporation (SHSE:600289) commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on December 29, 2021. Bright Oceans Inter-Telecom Corporation (SHSE:600289) commences a share repurchases on March 3, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 29, 2021. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price of CNY 5.13 per share. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.059 (vs CN¥0.04 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥150.9m (up 54% from 3Q 2020). Net income: CN¥37.5m (up CN¥62.9m from 3Q 2020). Profit margin: 25% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.004 (vs CN¥0.045 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥145.8m (up 3.7% from 2Q 2020). Net income: CN¥2.57m (up CN¥30.1m from 2Q 2020). Profit margin: 1.8% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Full year 2020 earnings released: CN¥0.57 loss per share (vs CN¥2.38 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥523.5m (down 29% from FY 2019). Net loss: CN¥361.5m (down 124% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Dec 21
New 90-day high: CN¥4.52 The company is up 1.0% from its price of CN¥4.47 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 22% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: CN¥3.37 The company is down 30% from its price of CN¥4.83 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 11% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: CN¥3.88 The company is down 24% from its price of CN¥5.10 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 15% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.53b, with earnings increasing by CN¥2.69b from the prior year. Total revenue was CN¥558.6m over the last 12 months, down 44% from the prior year. Announcement • Oct 29
Bright Oceans Inter-Telecom Corporation to Report Q3, 2020 Results on Oct 31, 2020 Bright Oceans Inter-Telecom Corporation announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 15
New 90-day low: CN¥4.12 The company is down 6.0% from its price of CN¥4.39 on 17 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period. Announcement • Jul 17
Bright Oceans Inter-Telecom Corporation to Report First Half, 2020 Results on Aug 29, 2020 Bright Oceans Inter-Telecom Corporation announced that they will report first half, 2020 results on Aug 29, 2020