Announcement • Jun 30
Sunyard Technology Co.,Ltd to Report First Half, 2026 Results on Aug 27, 2026 Sunyard Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 27, 2026 New Risk • May 27
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% 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 (1.7% net profit margin). 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: 1.7% Last year net profit margin: 3.6% 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 26% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Apr 24
Full year 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.15 in FY 2024) Full year 2025 results: EPS: CN¥0.14 (down from CN¥0.15 in FY 2024). Revenue: CN¥2.06b (up 4.5% from FY 2024). Net income: CN¥66.8m (down 7.5% from FY 2024). Profit margin: 3.2% (down from 3.7% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Sunyard Technology Co.,Ltd, Annual General Meeting, May 28, 2026 Sunyard Technology Co.,Ltd, Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 1F, No. 3888, Jiangnan Avenue, Binjiang District, Hangzhou, Zhejiang China Announcement • Mar 30
Sunyard Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Sunyard Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Sunyard Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 23, 2026 Sunyard Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 23, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.13 in 3Q 2024). Revenue: CN¥530.6m (up 5.6% from 3Q 2024). Net income: CN¥75.1m (up 43% from 3Q 2024). Profit margin: 14% (up from 11% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Sunyard Technology Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Sunyard Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Declared Dividend • Jul 21
Dividend reduced to CN¥0.047 Dividend of CN¥0.047 is 82% lower than last year. Ex-date: 24th July 2025 Payment date: 24th July 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (32% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Sunyard Technology Co.,Ltd to Report First Half, 2025 Results on Aug 30, 2025 Sunyard Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • May 25
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 10% 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 (10% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • May 17
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: 3.7% Last year net profit margin: 6.0% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 169% Paying a dividend despite having no free cash flows. Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.7% net profit margin). Announcement • Apr 20
Sunyard Technology Co.,Ltd, Annual General Meeting, May 29, 2025 Sunyard Technology Co.,Ltd, Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Location: 1F, No. 3888, Jiangnan Avenue, Binjiang District, Hangzhou, Zhejiang China Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.28 in FY 2023) Full year 2024 results: EPS: CN¥0.15 (down from CN¥0.28 in FY 2023). Revenue: CN¥1.97b (down 7.6% from FY 2023). Net income: CN¥72.2m (down 43% from FY 2023). Profit margin: 3.7% (down from 6.0% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Mar 28
Sunyard Technology Co.,Ltd to Report Q1, 2025 Results on Apr 30, 2025 Sunyard Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.45, the stock trades at a trailing P/E ratio of 78.2x. Average trailing P/E is 83x in the Software industry in China. Total returns to shareholders of 7.9% over the past three years. Announcement • Dec 27
Sunyard Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 19, 2025 Sunyard Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 19, 2025 New Risk • Dec 23
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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 169% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.046 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.046 in 3Q 2023). Revenue: CN¥502.5m (down 6.8% from 3Q 2023). Net income: CN¥52.6m (up 149% from 3Q 2023). Profit margin: 11% (up from 3.9% in 3Q 2023). The increase in margin was driven by lower expenses. 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 17% per year, which means it is well ahead of earnings. Announcement • Sep 30
Sunyard Technology Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Sunyard Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 05
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 7.3% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 314% Dividend per share is over 5x cash flows per share. Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.049 profit in 2Q 2023) Second quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.049 profit in 2Q 2023). Revenue: CN¥392.9m (down 21% from 2Q 2023). Net loss: CN¥9.32m (down 142% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Jul 22
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 7.3% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 168% Paying a dividend despite having no free cash flows. Earnings have declined by 10% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Announcement • Jun 28
Sunyard Technology Co.,Ltd to Report First Half, 2024 Results on Aug 31, 2024 Sunyard Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 31, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥10.67, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 60x in the Software industry in China. Total returns to shareholders of 53% over the past three years. Announcement • May 10
Sunyard to Showcase Innovative Payment Technology At Seamless Middle East 2024 Sunyard Technology will participate in Seamless Middle East 2024 in the World Trade Center, Dubai from May 14 to 16, showcasing featured payment products based on Sunyard's latest technology and advanced solutions at Booth H6-B36. Sunyard will also demonstrate how its payment solutions can be applied to various scenarios to achieve more smart and efficient outcomes. The Sunyard Payment Ecosystem is constantly updated to improve the customer experience and help grow businesses. With simple and accurate designs and permitting features, the whole products are innovated to thrive client's experiences, help merchants drive footfall, and create more business opportunity. Preview of the main products and solutions. S200 Mobile Payment Terminal - Powered By Android 13. It's the first third-generation Android mobile POS, that can be in-depth customized to meet versatile requirements. The 6.7-inch waterdrop display brings the latest tech trends and interactive experiences, making it significantly different from a typical terminal to offer a mobile phone experience. In concert with the ergonomic design, solid craftsmanship, and durability improve the handgrip feel and service life greatly. SunTMS - Sunyard Terminal Management System. SunTMS provides a smarter POS management platform for the daily operation of partners. It includes device management, merchant management, Remote key injection, and value-added services. Key Benefits: Any terminal, any vendor in one marketplace; Real-time 3rd party App push; Excellent architecture design, faster and more accurate running; Monitor and query devices for a huge amount of information from various dimensions; Effective diagnose tools, including view of terminal operation logs and remote control of terminals; Powerful key management function to avoid security breaches, can generate, manage, and inject keys with more reliability. SunPay - A Highly Compatible and Deeply Flexible Payment Application: SunPay is based on the Android system. It's compatible with VISA, Master, Amex, Discover, Pure, and UnionPay, which can easily help partners and customers pass the EMV L3 certification. Key Benefits: A complex and reliable architecture, with each element tasked to ensure seamless and secure transactions. Pay at the table with bank cards, mobile wallets, and NFC wearable devices. All in one - selecting payment method, viewing the detail report, changing settings, and getting important service information. Announcement • Apr 21
Sunyard Technology Co.,Ltd, Annual General Meeting, May 30, 2024 Sunyard Technology Co.,Ltd, Annual General Meeting, May 30, 2024, at 14:00 China Standard Time. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.33 loss in FY 2022) Full year 2023 results: EPS: CN¥0.28 (up from CN¥0.33 loss in FY 2022). Revenue: CN¥2.13b (up 38% from FY 2022). Net income: CN¥127.2m (up CN¥276.9m from FY 2022). Profit margin: 6.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Apr 10
Sunyard Technology Co., Ltd. Introduces the Sunyard Payment Ecosystem Sunyard Technology will showcase its new solutions and full series of remarkable products at the ETA Transact held at Mandalay Bay in Las Vegas from April 17 to 19, one of the top payment industry expos in the world. As the first appearance in 2024, Sunyard will bring its seamless tech-business fusion and a fearless drive to push boundaries. The Sunyard Payment Ecosystem includes the mobile payment App, terminals, and device management platform. With this system, not only can lower management expenses and rest assured that the transactions are safe and sound, but it also can help stand out from competitors. It's the first third-generation Android mobile POS, powered by Sunyard OS based on Android 13, which can be in-depth customized to meet versatile requirements. The 6.7-inch waterdrop display brings the latest tech trends and interactive experiences, making it significantly different from a typical terminal to offer a mobile phone experience. In concert with the ergonomic design, solid craftsmanship, and durability improve the handgrip feel and service life greatly. SunTMS provides an innovative management platform for the daily operation of partners. It includes device management, merchant management, Remote key injection, and value-added services. Key Benefits: Any terminal, any vendor in one marketplace; Real-time 3rd party App push; Excellent architecture design, faster and more accurate running; Monitor and query devices for a huge amount of information from various dimensions; Effective diagnose tools, including view of terminal operation logs and remote control of terminals; Powerful key management function to avoid security breaches, can generate, manage, and inject keys with more reliability. SunPay is a highly compatible and deeply flexible payment application based on the Android system. It's compatible with VISA, Master, Amex, Discover, Pure, and UnionPay, which can easily help partners and customers pass the EMV L3 certification. Key Benefits: A complex and reliable architecture, with each element tasked to ensure seamless and secure transactions; Pay at the table with bank cards, mobile wallets, and NFC wearable devices; All in one - selecting payment method, viewing the detail report, changing settings, and getting important service information. Announcement • Mar 29
Sunyard Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Sunyard Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Dec 29
Sunyard Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 30, 2024 Sunyard Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 30, 2024 New Risk • Dec 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 6.0% 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. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.04 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.046 (up from CN¥0.04 loss in 3Q 2022). Revenue: CN¥539.3m (up 24% from 3Q 2022). Net income: CN¥21.1m (up CN¥35.6m from 3Q 2022). Profit margin: 3.9% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Oct 11
Sunyard Technology Releases the Latest Series of Android Electronic Cash Register Sunyard Technology announced that its new series of Android Electronic Cash Registers- S1000, S1500, and S2000 are officially launched, each with their unique features and functionality. As the digital aspect of the payments profession has increased more than ever and continues to evolve rapidly, Android POS terminals have always been one of the main pillars of Sunyard activities. The customized Android ECR solutions provided by Sunyard play a crucial role in revolutionizing the ecosystem for payment acceptance. They are expertly crafted to handle demanding checkout workloads in a fashionable way. With their advanced technology and tailored features, these solutions are empowering businesses to process transactions seamlessly and effortlessly, always ready for large chunks of the commercial retail environment. More about the core advantages of the new S1000, S1500, S2000: Flexible configuration on screen size, not only maximizing in-store benefits, but also offering personalized business experiences. Connects auxiliary equipment to customize own business through plenty of ports. Hideaway type wiring kneading board, compact and artistic. Works at a blindingly fast speed and have higher computing power, in line with corresponding protection. Remote assistance platform, troubleshooting with no limitation by geographical distance. Moreover, Sunyard's ECR solutions go beyond traditional capabilities. With simple and stylist design, clear and smooth figure, the latest solutions fully show the elegance of modern concept. These devices employ robust encryption protocols and adhere to stringent compliance standards, ensuring that sensitive customer information remains protected throughout the transaction process. This instills trust among both merchants and consumers alike, fostering a secure environment for conducting financial transactions. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.049 (vs CN¥0.008 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.049 (up from CN¥0.008 in 2Q 2022). Revenue: CN¥499.4m (up 14% from 2Q 2022). Net income: CN¥22.3m (up 476% from 2Q 2022). Profit margin: 4.5% (up from 0.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • May 19
Sunyard Technology Co., Ltd. to Showcase New Products At Seamless Middle East 2023 Sunyard Technology will showcase its full line-up of POS terminals as well as newest payment solutions featuring greater reliability at Booth No. H31, Seamless Middle East 2023 in Dubai, UAE, to actively respond to increasingly acute market competition and to increase brand engagement. The products that will be presented at the Expo include: i90 Android Mobile Terminal: As a combination of traditional and smart experiences, i90 is designed with 4-inch touchscreen and physical PINpad. Clear sight dual camera technology enables 1D/2D barcode scanning under dim light or dark conditions. W widespread support of remote hardware and software service makes payments at hand. i80 Android Mobile Terminal: Powered by a processor, Sunyard's i80 is designed in a gorgeous fashion with feasible graphical user interface and swift response to ensure seamless transactions at anytime, anywhere. Multi-protections with international certifications and risk-adaptive security offers guaranteed performance to ensure seamless transactions during peak business hours. i70 Android Mobile Terminal: Equipped with rugged reliability and unequalled performance and speed, i70 has rich interface resources and connectivity for widely payments anytime, anywhere. Integration of various payment methods can be easily realized under guaranteed security. Value-added software development is supported. T80 Smart Electronic Cash Register: T80's unique integration with a multi-functional dock further creates a whole suite of tools and features for both banking services and retail businesses. Reported Earnings • Apr 16
Full year 2022 earnings released: CN¥0.33 loss per share (vs CN¥0.66 profit in FY 2021) Full year 2022 results: CN¥0.33 loss per share (down from CN¥0.66 profit in FY 2021). Revenue: CN¥1.54b (flat on FY 2021). Net loss: CN¥149.6m (down 151% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.04 loss per share (vs CN¥0.05 profit in 3Q 2021) Third quarter 2022 results: CN¥0.04 loss per share (down from CN¥0.05 profit in 3Q 2021). Revenue: CN¥434.2m (up 33% from 3Q 2021). Net loss: CN¥14.5m (down 168% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.57 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.009 (down from CN¥0.57 in 2Q 2021). Revenue: CN¥440.1m (up 15% from 2Q 2021). Net income: CN¥3.87m (down 99% from 2Q 2021). Profit margin: 0.9% (down from 69% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥9.97, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 52x in the Software industry in China. Total returns to shareholders of 14% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.17 loss per share (down from CN¥0.049 loss in 1Q 2021). Revenue: CN¥307.1m (up 18% from 1Q 2021). Net loss: CN¥73.9m (loss widened 246% from 1Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥11.71, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 43x in the Software industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.66 (up from CN¥0.26 in FY 2020). Revenue: CN¥1.54b (up 21% from FY 2020). Net income: CN¥290.8m (up 158% from FY 2020). Profit margin: 19% (up from 8.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 241%. 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 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥14.11, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 47x in the Software industry in China. Total returns to shareholders of 48% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥14.44, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 49x in the Software industry in China. Total returns to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥12.55, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 53x in the Software industry in China. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥10.20, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 55x in the Software industry in China. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥11.48, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 52x in the Software industry in China. Total returns to shareholders of 89% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.05 (vs CN¥0.11 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥325.6m (up 6.1% from 3Q 2020). Net income: CN¥21.2m (down 56% from 3Q 2020). Profit margin: 6.5% (down from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.40, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 50x in the Software industry in China. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥10.26, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 50x in the Software industry in China. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 30% share price gain to CN¥8.46, the stock trades at a trailing P/E ratio of 30.9x. Average trailing P/E is 50x in the Software industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.59 (vs CN¥0.06 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥383.3m (up 28% from 2Q 2020). Net income: CN¥262.8m (up CN¥232.7m from 2Q 2020). Profit margin: 69% (up from 10% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 22
Sunyard Technology Showcases Latest Upgraded Android MiniPOS i50 Sunyard Technology unveiled the upgraded i50 Android MiniPOS for greater reliability, the new generation paperless mobile terminal, at the 2021 Yangtze River Delta Digital Finance Forum in Hangzhou China, beckoning those with a head of new fintech technology. With the launch, Sunyard's i50 enables consumers to enjoy the innovative feat of environmentally-friendly payment solutions, which has gained prominence in recent years. While environment protection covers a wide swath of ranges, Sunyard is geared to help drive shifts in a better world to raise awareness of people worldwide. That's why would like to recommend Sunyard's eco-friendly i50, the paperless Android mobile payment terminal. Certified by PCI PTS and EMV, the i50 also takes Android payment terminals up a notch as it's a digital era people's requirements for convenience and speed are evolving higher and higher. Sunyard's brand-new i50 is a compact and light-weight mini POS fitting snugly in your hand, apt for small and medium businesses who should be imbuing themselves with a portable terminal to effectively reduce their cost, though dual SAM card slots are designed to meet both micro and giant merchants' needs. Taking all the benefits of Android, the i50 is scalable for numerous added-value applications to simultaneously run under the highest levels of inbuilt payment security, turning i50 into a smart Internet management platform. The merchants can monitor the operation situation in time with the powerful payment terminal tailored to their growing chorus of demands. Configured with a state-of-the-art processor, the i50 has also caught on the trend of full communication capabilities, including Wi-Fi, Bluetooth, 4G/3G/2G to ensure easy connections all the time. With super endurance and a robust scanning engine, the gorgeous modern terminal features a 5-inch IPS touch screen and inbuilt hard decoding camera, making it smooth to scan 1D & 2D codes to realize Omni-channel payments all day, and can quickly and accurately process various payment transactions such as bank cards, NFC, and QR Code payment. Announcement • May 12
Sunyard Technology Co.,Ltd Upgrades Android Mobile Payment Terminal i80 Sunyard Technology Co.,Ltd ushered in its new upgraded Android Mobile Payment Terminal i80 recently. Catering to trends, the operating system is improved to Android 7.0. Also, the functions of fingerprint and dual SIM cards are realized to expand its business and make valuable contributions to the company's long-standing collaboration with various partners. In any electronic payment, security is one of the most critical elements of payment solutions, especially cannot prevent personal information to be disclosed. Needless to say, the payment modernization benefits payment behavior in recent years, varying from cash to face recognition. On this very note, how merchants can make their customers feel safe could give them a leg up when selling into markets. That's why proud to recommend Sunyard's classical generation of the mobile payment terminal i80, which is certified by PCI PTS and NFC Contactless. Powered by a customized Android O.S., the i80 is designed with a special security processor and a triple-level PUK system. In this connection, multiple protections, including self-destruction of security, can come in handy to prevent information from leakage. To top all it off, the built-in fingerprint module allows faster, super-high security and accurate transaction to consumers. Matched with the function of a touchscreen display, a protective cover is rolled out to give consumers a more ideal experience. The i80 Android mobile payment terminal is a hyper stable performance choice in any payment scenario with alternative peripheral ports, boasting full communications of 4G, 3G, GPRS, Wi-Fi(Hotspot supported), and Bluetooth. Therefore, all kinds of payments such as bank cards, QR code, Huawei Pay, and Apple Pay are accessible to streamline seamless transactions even during peak business hours with an embedded high-speed thermal printer. For longer operation, trouble-free experience, and more effective performance, the i80 uses a high-capacity battery with low consumption. In practice, the unfailing service of i80 shall not be less than 5000 hours in the normal condition equipped with a stunning high definition 5.5-inch color touchscreen display. Reported Earnings • May 05
First quarter 2021 earnings released: CN¥0.049 loss per share (vs CN¥0.065 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¥260.1m (up 22% from 1Q 2020). Net loss: CN¥21.3m (loss narrowed 26% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥0.26 (vs CN¥0.14 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.27b (up 5.5% from FY 2019). Net income: CN¥112.6m (up 89% from FY 2019). Profit margin: 8.9% (up from 5.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥7.08 The company is down 16% from its price of CN¥8.39 on 29 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 3.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥8.07 The company is down 9.0% from its price of CN¥8.83 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 4.0% over the same period. Reported Earnings • Nov 03
Third quarter 2020 earnings released: EPS CN¥0.13 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: CN¥306.8m (down 6.1% from 3Q 2019). Net income: CN¥48.8m (up CN¥47.2m from 3Q 2019). Profit margin: 16% (up from 0.5% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥8.19 The company is down 11% from its price of CN¥9.24 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 13% over the same period. Announcement • Oct 29
Sunyard System Engineering Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Sunyard System Engineering Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥8.35 The company is down 8.0% from its price of CN¥9.09 on 30 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 Software industry, which is down 3.0% over the same period. Announcement • Jul 17
Sunyard System Engineering Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Sunyard System Engineering Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020