New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 54% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Apr 24
China National Software & Service Company Limited, Annual General Meeting, May 14, 2026 China National Software & Service Company Limited, Annual General Meeting, May 14, 2026, at 14:30 China Standard Time. Location: 1F, Block C, No. 55, Xueyuan South Road, Haidian District, Beijing China Reported Earnings • Apr 24
First quarter 2026 earnings released: CN¥0.08 loss per share (vs CN¥0.10 loss in 1Q 2025) First quarter 2026 results: CN¥0.08 loss per share (improved from CN¥0.10 loss in 1Q 2025). Revenue: CN¥709.5m (up 11% from 1Q 2025). Net loss: CN¥73.7m (loss narrowed 8.6% from 1Q 2025). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. 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 5% per year. Announcement • Mar 30
China National Software & Service Company Limited to Report Q1, 2026 Results on Apr 24, 2026 China National Software & Service Company Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Buy Or Sell Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to CN¥40.70. The fair value is estimated to be CN¥51.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 26
China National Software & Service Company Limited to Report Fiscal Year 2025 Results on Apr 24, 2026 China National Software & Service Company Limited announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.031 loss per share (vs CN¥0.078 loss in 3Q 2024) Third quarter 2025 results: CN¥0.031 loss per share (improved from CN¥0.078 loss in 3Q 2024). Revenue: CN¥955.9m (up 2.1% from 3Q 2024). Net loss: CN¥29.5m (loss narrowed 55% from 3Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
China National Software & Service Company Limited to Report Q3, 2025 Results on Oct 30, 2025 China National Software & Service Company Limited announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: CN¥0.007 (vs CN¥0.19 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.007 (up from CN¥0.19 loss in 2Q 2024). Revenue: CN¥1.60b (up 25% from 2Q 2024). Net income: CN¥6.10m (up CN¥168.0m from 2Q 2024). Profit margin: 0.4% (up from net loss in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • Jun 30
China National Software & Service Company Limited to Report First Half, 2025 Results on Aug 28, 2025 China National Software & Service Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Buy Or Sell Opportunity • Jun 20
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CN¥44.30. The fair value is estimated to be CN¥55.81, 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. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.2% to CN¥44.01. The fair value is estimated to be CN¥55.63, 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. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to CN¥44.67. The fair value is estimated to be CN¥55.96, 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. Meanwhile, the company became loss making. Reported Earnings • May 01
Third quarter 2024 earnings released: CN¥0.078 loss per share (vs CN¥0.11 profit in 3Q 2023) Third quarter 2024 results: CN¥0.078 loss per share (down from CN¥0.11 profit in 3Q 2023). Revenue: CN¥936.6m (down 42% from 3Q 2023). Net loss: CN¥64.9m (down 170% from profit in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
China National Software & Service Company Limited, Annual General Meeting, May 19, 2025 China National Software & Service Company Limited, Annual General Meeting, May 19, 2025, at 14:30 China Standard Time. Announcement • Mar 28
China National Software & Service Company Limited to Report Q1, 2025 Results on Apr 29, 2025 China National Software & Service Company Limited announced that they will report Q1, 2025 results on Apr 29, 2025 New Risk • Jan 29
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 8.9% 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. Announcement • Dec 27
China National Software & Service Company Limited to Report Fiscal Year 2024 Results on Apr 29, 2025 China National Software & Service Company Limited announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.078 loss per share (vs CN¥0.11 profit in 3Q 2023) Third quarter 2024 results: CN¥0.078 loss per share (down from CN¥0.11 profit in 3Q 2023). Revenue: CN¥936.6m (down 42% from 3Q 2023). Net loss: CN¥64.9m (down 170% from profit in 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
China National Software & Service Company Limited to Report Q3, 2024 Results on Oct 30, 2024 China National Software & Service Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.19 loss per share (vs CN¥0.57 loss in 2Q 2023) Second quarter 2024 results: CN¥0.19 loss per share (improved from CN¥0.57 loss in 2Q 2023). Revenue: CN¥1.28b (down 2.7% from 2Q 2023). Net loss: CN¥161.9m (loss narrowed 49% from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Jun 28
China National Software & Service Company Limited to Report First Half, 2024 Results on Aug 29, 2024 China National Software & Service Company Limited announced that they will report first half, 2024 results on Aug 29, 2024 Reported Earnings • Apr 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥0.31 loss per share (down from CN¥0.062 profit in FY 2022). Revenue: CN¥6.72b (down 30% from FY 2022). Net loss: CN¥232.7m (down CN¥278.1m from profit in FY 2022). Revenue missed analyst estimates by 44%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
China National Software & Service Company Limited, Annual General Meeting, May 16, 2024 China National Software & Service Company Limited, Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: 1F, Block C, No. 55, Xueyuan South Road, Haidian District, Beijing China Announcement • Mar 29
China National Software & Service Company Limited to Report Q1, 2024 Results on Apr 26, 2024 China National Software & Service Company Limited announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 26
China National Software & Service Company Limited (SHSE:600536) commences an Equity Buyback for CNY 200 million worth of its shares, under the authorization approved on February 22, 2024. China National Software & Service Company Limited (SHSE:600536) commences share repurchases on March 25, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 22, 2024. As per the mandate, the company is authorized to repurchase its A shares for a total of CNY 200 million. The shares will be purchased at a price not exceeding CNY 33 per share. The purpose of the program is to maintain the company's value and shareholders' rights or for equity incentives. The program will be funded from company's own funds. The program will be valid for 3 months from the date of the shareholder's meeting till May 22, 2024. Announcement • Feb 27
China National Software & Service Company Limited announced that it expects to receive CNY 1.999999989 billion in funding from CEC Investment Holding Co., Ltd., China Electronics Corporation China National Software & Service Company Limited announced that it has entered into a share purchase agreement to issue 90,130,689 A shares at a price of CNY 22.19 per share for the gross proceeds of CNY 1,999,999,988.91 on February 25, 2024. The transaction has been approved by the shareholders of the company in the 3rd meeting of the 8th directorate and the 2nd meeting of the 8th supervisory board. The shares cannot be transferred within 36 months from the issuance closing date. The transaction will include participation from new investors, CEC Investment Holding Co., Ltd. for 22,532,672 shares with CNY 500,000,000, returning investor, China Electronics Corporation for 67,598,017 shares with CNY 1,500,000,000. Announcement • Dec 29
China National Software & Service Company Limited to Report Fiscal Year 2023 Results on Apr 26, 2024 China National Software & Service Company Limited announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.13 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.13 loss in 3Q 2022). Revenue: CN¥1.62b (down 18% from 3Q 2022). Net income: CN¥93.2m (up CN¥199.8m from 3Q 2022). Profit margin: 5.7% (up from net loss in 3Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 6% per year. Announcement • Sep 30
China National Software & Service Company Limited to Report Q3, 2023 Results on Oct 27, 2023 China National Software & Service Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Sep 03
Second quarter 2023 earnings released: CN¥0.57 loss per share (vs CN¥0.22 loss in 2Q 2022) Second quarter 2023 results: CN¥0.57 loss per share (further deteriorated from CN¥0.22 loss in 2Q 2022). Revenue: CN¥1.32b (down 37% from 2Q 2022). Net loss: CN¥316.5m (loss widened 74% from 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 23
China Power Data Industry Co., Ltd. signed an agreement to acquire Great Wall Computer Software And Systems Inc. from China National Software & Service Company Limited (SHSE:600536) for approximately CNY 490 million. China Power Data Industry Co., Ltd. signed an agreement to acquire Great Wall Computer Software And Systems Inc. from China National Software & Service Company Limited (SHSE:600536) for approximately CNY 490 million on August 20, 2023. As of June 30, 2023, reported Total assets of CNY 782.1 million and net assets of CNY 270.1 million. The transaction is approved the board of China National Software & Service and needs to be approved by the company’s shareholders’ meeting. New Risk • Jul 04
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 7.0% 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. Announcement • Jun 28
China National Software & Service Company Limited to Report First Half, 2023 Results on Aug 30, 2023 China National Software & Service Company Limited announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.31 loss per share (vs CN¥0.16 loss in 1Q 2022) First quarter 2023 results: CN¥0.31 loss per share (further deteriorated from CN¥0.16 loss in 1Q 2022). Revenue: CN¥1.22b (down 20% from 1Q 2022). Net loss: CN¥198.8m (loss widened 94% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 9 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 • Oct 31
Third quarter 2022 earnings released: CN¥0.51 loss per share (vs CN¥0.15 loss in 3Q 2021) Third quarter 2022 results: CN¥0.51 loss per share (further deteriorated from CN¥0.15 loss in 3Q 2021). Revenue: CN¥1.97b (up 12% from 3Q 2021). Net loss: CN¥106.7m (loss widened 11% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Aug 21
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. 9 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 • Apr 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.21 loss per share (up from CN¥0.32 loss in 1Q 2021). Revenue: CN¥1.52b (up 50% from 1Q 2021). Net loss: CN¥102.5m (loss narrowed 35% from 1Q 2021). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 19
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.15 (up from CN¥0.14 in FY 2020). Revenue: CN¥10.4b (up 40% from FY 2020). Net income: CN¥75.6m (up 11% from FY 2020). Profit margin: 0.7% (down from 0.9% in FY 2020). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 85%. 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 13% per year. Announcement • Dec 13
China National Software & Service Company Limited(XSSC:600536) dropped from FTSE All-World Index (USD) China National Software & Service Company Limited(XSSC:600536) dropped from FTSE All-World Index (USD) Reported Earnings • Nov 01
Third quarter 2021 earnings released The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥1.76b (up 108% from 3Q 2020). Net loss: CN¥96.3m (loss narrowed 31% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: CN¥0.41 loss per share (vs CN¥0.50 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥1.61b (up 104% from 2Q 2020). Net loss: CN¥203.5m (loss narrowed 18% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • May 04
First quarter 2021 earnings released: CN¥0.32 loss per share (vs CN¥0.33 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥1.02b (up 69% from 1Q 2020). Net loss: CN¥157.5m (loss narrowed 2.5% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.13 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¥7.41b (up 27% from FY 2019). Net income: CN¥68.2m (up 10% from FY 2019). Profit margin: 0.9% (down from 1.1% 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 58% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Announcement • Mar 05
China National Software & Service Company Limited to Report Fiscal Year 2020 Results on Mar 30, 2021 China National Software & Service Company Limited announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥62.55 The company is down 11% from its price of CN¥70.11 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥67.00 The company is down 33% from its price of CN¥99.73 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 16% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥242.5m, with earnings decreasing by CN¥351.7m from the prior year. Total revenue was CN¥4.91b over the last 12 months, down 6.0% from the prior year. Announcement • Oct 29
China National Software & Service Company Limited to Report Q3, 2020 Results on Oct 31, 2020 China National Software & Service Company Limited announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 17
New 90-day low: CN¥79.80 The company is down 17% from its price of CN¥95.77 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 5.0% over the same period. Announcement • Jul 10
China National Software & Service Company Limited to Report First Half, 2020 Results on Aug 28, 2020 China National Software & Service Company Limited announced that they will report first half, 2020 results on Aug 28, 2020