Announcement • Jun 30
CETC Digital Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 26, 2026 CETC Digital Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥15.45, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 111x in the IT industry in China. Total loss to shareholders of 31% over the past three years. Declared Dividend • Jun 21
Dividend of CN¥0.16 announced Shareholders will receive a dividend of CN¥0.16. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (49% 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 increased by an average of 4.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 45% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.1% EPS decline seen over the last 5 years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥20.90, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 111x in the IT industry in China. Total loss to shareholders of 11% over the past three years. New Risk • Jun 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 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin). Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥22.51, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 134x in the IT industry in China. Negligible returns to shareholders over past three years. Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥0.48 (vs CN¥0.80 in FY 2024) Full year 2025 results: EPS: CN¥0.48 (down from CN¥0.80 in FY 2024). Revenue: CN¥10.7b (flat on FY 2024). Net income: CN¥328.8m (down 40% from FY 2024). Profit margin: 3.1% (down from 5.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Apr 30
CETC Digital Technology Co.,Ltd., Annual General Meeting, May 22, 2026 CETC Digital Technology Co.,Ltd., Annual General Meeting, May 22, 2026, at 14:00 China Standard Time. Location: 2F, No. 269, Boqing Road, Pudong New Area, Shanghai China Announcement • Mar 30
CETC Digital Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 CETC Digital Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥35.38, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 120x in the IT industry in China. Total returns to shareholders of 79% over the past three years. Announcement • Dec 26
CETC Digital Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 CETC Digital Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.24 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.21 (down from CN¥0.24 in 3Q 2024). Revenue: CN¥2.71b (up 4.7% from 3Q 2024). Net income: CN¥147.2m (down 13% from 3Q 2024). Profit margin: 5.4% (down from 6.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
CETC Digital Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 CETC Digital Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥31.00, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 50x in the IT industry in China. Total returns to shareholders of 82% over the past three years. Announcement • Jun 30
CETC Digital Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 16, 2025 CETC Digital Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 16, 2025 Declared Dividend • Jun 23
Dividend reduced to CN¥0.35 Dividend of CN¥0.35 is 22% lower than last year. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 1.6%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (44% 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 increased by an average of 9.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.80 (up from CN¥0.72 in FY 2023). Revenue: CN¥10.7b (up 7.0% from FY 2023). Net income: CN¥550.6m (up 11% from FY 2023). Profit margin: 5.1% (in line with FY 2023). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Announcement • Apr 15
CETC Digital Technology Co.,Ltd., Annual General Meeting, May 13, 2025 CETC Digital Technology Co.,Ltd., Annual General Meeting, May 13, 2025, at 13:30 China Standard Time. Location: 2F, No. 269, Boqing Road, Pudong New Area, Shanghai China Announcement • Mar 28
CETC Digital Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 CETC Digital Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥20.81, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 29x in the IT industry in China. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥9.71 per share. Announcement • Dec 27
CETC Digital Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 CETC Digital Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥27.19, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 33x in the IT industry in China. Total loss to shareholders of 4.7% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.21 in 3Q 2023). Revenue: CN¥2.59b (down 3.1% from 3Q 2023). Net income: CN¥168.8m (up 15% from 3Q 2023). Profit margin: 6.5% (up from 5.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥25.92, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 32x in the IT industry in China. Total loss to shareholders of 1.7% over the past three years. Announcement • Sep 30
CETC Digital Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 CETC Digital Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥21.01, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the IT industry in China. Total loss to shareholders of 1.5% over the past three years. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥2.52b (up 10% from 2Q 2023). Net income: CN¥86.0m (up 1.1% from 2Q 2023). Profit margin: 3.4% (down from 3.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 28
CETC Digital Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 CETC Digital Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 17
Dividend increased to CN¥0.45 Dividend of CN¥0.45 is 50% higher than last year. Ex-date: 21st June 2024 Payment date: 21st June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (62% 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 increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.068 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.069 (up from CN¥0.068 in 1Q 2023). Revenue: CN¥1.99b (up 1.2% from 1Q 2023). Net income: CN¥47.4m (up 2.0% from 1Q 2023). Profit margin: 2.4% (in line with 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 02
CETC Digital Technology Co.,Ltd., Annual General Meeting, Apr 24, 2024 CETC Digital Technology Co.,Ltd., Annual General Meeting, Apr 24, 2024, at 13:30 China Standard Time. Location: 3F, No. 1188, Xueye Road, Pudong New Area, Shanghai China Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥0.72 (vs CN¥0.81 in FY 2022) Full year 2023 results: EPS: CN¥0.72 (down from CN¥0.81 in FY 2022). Revenue: CN¥10.0b (up 1.3% from FY 2022). Net income: CN¥497.0m (down 4.4% from FY 2022). Profit margin: 5.0% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the IT 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 4% per year, which means it is significantly lagging earnings. Announcement • Mar 29
CETC Digital Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 CETC Digital Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Buy Or Sell Opportunity • Mar 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to CN¥18.75. The fair value is estimated to be CN¥23.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 10%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Reported Earnings • Feb 24
Full year 2023 earnings released: EPS: CN¥0.72 (vs CN¥0.81 in FY 2022) Full year 2023 results: EPS: CN¥0.72 (down from CN¥0.81 in FY 2022). Revenue: CN¥10.0b (up 1.3% from FY 2022). Net income: CN¥497.0m (down 4.4% from FY 2022). Profit margin: 5.0% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT 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 only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥15.36, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the IT industry in China. Total loss to shareholders of 4.9% over the past three years. Buying Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be CN¥25.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 42% in 2 years. Earnings is forecast to grow by 77% in the next 2 years. Announcement • Dec 30
CETC Digital Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 02, 2024 CETC Digital Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 02, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.21 (vs CN¥0.19 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.21 (up from CN¥0.19 in 3Q 2022). Revenue: CN¥2.67b (down 1.7% from 3Q 2022). Net income: CN¥146.3m (up 12% from 3Q 2022). Profit margin: 5.5% (up from 4.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 7% per year. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥27.20, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the IT industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (down from CN¥0.16 in 2Q 2022). Revenue: CN¥2.29b (down 5.0% from 2Q 2022). Net income: CN¥85.1m (down 4.7% from 2Q 2022). Profit margin: 3.7% (in line with 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. 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 2% per year, which means it is significantly lagging earnings. Announcement • Jun 28
CETC Digital Technology Co.,Ltd. to Report First Half, 2023 Results on Aug 26, 2023 CETC Digital Technology Co.,Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.13 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.068 (down from CN¥0.13 in 1Q 2022). Revenue: CN¥1.97b (up 11% from 1Q 2022). Net income: CN¥46.5m (down 35% from 1Q 2022). Profit margin: 2.4% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Wang Ze Xia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.17 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.17 in 3Q 2021). Revenue: CN¥2.71b (up 12% from 3Q 2021). Net income: CN¥130.1m (up 37% from 3Q 2021). Profit margin: 4.8% (up from 3.9% 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 5% per year whereas the company’s share price has increased by 1% per year. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥18.75, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 44x in the IT industry in China. Total returns to shareholders of 3.1% over the past three years. Board Change • Aug 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Wang Ze Xia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2022 earnings released: EPS: CN¥0.30 (vs CN¥0.17 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.30. Revenue: CN¥2.41b (down 8.2% from 2Q 2021). Net income: CN¥89.3m (down 7.9% from 2Q 2021). Profit margin: 3.7% (in line with 2Q 2021). Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.16 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.16 in 1Q 2021). Revenue: CN¥1.78b (up 13% from 1Q 2021). Net income: CN¥71.7m (up 3.9% from 1Q 2021). Profit margin: 4.0% (down from 4.4% in 1Q 2021). 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 whereas the company’s share price has fallen by 3% per year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Fanghua Wang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be CN¥30.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years, while earnings per share has been flat. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.77 (up from CN¥0.74 in FY 2020). Revenue: CN¥8.96b (up 10% from FY 2020). Net income: CN¥328.9m (up 3.6% from FY 2020). Profit margin: 3.7% (down from 3.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.77 (up from CN¥0.74 in FY 2020). Revenue: CN¥8.96b (up 10% from FY 2020). Net income: CN¥328.9m (up 3.6% from FY 2020). Profit margin: 3.7% (down from 3.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.22 (vs CN¥0.22 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥2.43b (up 20% from 3Q 2020). Net income: CN¥94.9m (up 1.3% from 3Q 2020). Profit margin: 3.9% (down from 4.6% in 3Q 2020). 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 increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥34.49, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 27x in the IT industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.21 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.62b (up 42% from 2Q 2020). Net income: CN¥97.0m (up 9.1% from 2Q 2020). Profit margin: 3.7% (down from 4.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.16 (vs CN¥0.15 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥1.57b (up 19% from 1Q 2020). Net income: CN¥69.0m (up 7.9% from 1Q 2020). Profit margin: 4.4% (down from 4.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥30.17, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 50x in the IT industry in China. Total returns to shareholders of 67% over the past three years. Reported Earnings • Mar 22
Full year 2020 earnings released: EPS CN¥0.74 (vs CN¥0.76 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥8.13b (up 4.5% from FY 2019). Net income: CN¥317.5m (down 1.3% from FY 2019). Profit margin: 3.9% (down from 4.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 05
Shanghai East-China Computer Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Shanghai East-China Computer Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Announcement • Feb 10
Nanchang Shengxiu Network Technology Co., Ltd. signed the property transaction contract to acquire 24.9% stake in Shanghai Qiming Software Co., Ltd fromShanghai East-China Computer Co.,Ltd. (SHSE:600850), Shanghai Huaxun Network System Co., Ltd. and ECData Infomation Technology Co.,Ltd. for CNY 3.74 million. Nanchang Shengxiu Network Technology Co., Ltd. signed the property transaction contract to acquire 24.9% stake in Shanghai Qiming Software Co., Ltd from Shanghai East-China Computer Co.,Ltd. (SHSE:600850), Shanghai Huaxun Network System Co., Ltd. and ECData Infomation Technology Co.,Ltd. for CNY 3.74 million recently. ShanghaiEast-ChinaComputer Co., Ltd. held the 16th meeting of the 9th session of the board of directors on December 14, 2020, and reviewed and approved the transaction. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥23.10 The company is down 7.0% from its price of CN¥24.76 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 27% over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: CN¥28.20 The company is up 14% from its price of CN¥24.83 on 20 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 26% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: CN¥26.32 The company is up 9.0% from its price of CN¥24.11 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 24% 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¥307.6m, down 1.0% from the prior year. Total revenue was CN¥7.79b over the last 12 months, up 3.3% from the prior year. Announcement • Oct 30
Shanghai East-China Computer Co.,Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Shanghai East-China Computer Co.,Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 24
New 90-day low: CN¥24.07 The company is down 8.0% from its price of CN¥26.10 on 24 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 2.0% over the same period. Announcement • Jul 17
Shanghai East-China Computer Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Shanghai East-China Computer Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020