Reported Earnings • Apr 29
Full year 2025 earnings released: CN¥0.32 loss per share (vs CN¥0.054 profit in FY 2024) Full year 2025 results: CN¥0.32 loss per share (down from CN¥0.054 profit in FY 2024). Revenue: CN¥276.3m (down 22% from FY 2024). Net loss: CN¥49.0m (down CN¥57.5m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Integrity Technology Group Inc., Annual General Meeting, May 19, 2026 Integrity Technology Group Inc., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: Building 6, Yard No. 9, Fenghao East Road, Haidian District, Beijing China Announcement • Mar 30
Integrity Technology Group Inc. to Report Q1, 2026 Results on Apr 29, 2026 Integrity Technology Group Inc. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: CN¥0.30 loss per share (vs CN¥0.054 profit in FY 2024) Full year 2025 results: CN¥0.30 loss per share (down from CN¥0.054 profit in FY 2024). Revenue: CN¥296.0m (down 17% from FY 2024). Net loss: CN¥44.6m (down CN¥53.1m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • Feb 01
New major risk - Revenue and earnings growth Earnings have declined by 42% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Dec 26
Integrity Technology Group Inc. to Report Fiscal Year 2025 Results on Apr 29, 2026 Integrity Technology Group Inc. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Nov 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.082 loss per share (vs CN¥0.088 loss in 3Q 2024) Third quarter 2025 results: CN¥0.082 loss per share (improved from CN¥0.088 loss in 3Q 2024). Revenue: CN¥57.0m (down 22% from 3Q 2024). Net loss: CN¥12.8m (loss narrowed 2.4% from 3Q 2024). Revenue is forecast to grow 25% 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 85 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Integrity Technology Group Inc. to Report Q3, 2025 Results on Oct 30, 2025 Integrity Technology Group Inc. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
Integrity Technology Group Inc. to Report First Half, 2025 Results on Aug 29, 2025 Integrity Technology Group Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Declared Dividend • Jun 07
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 11th June 2025 Payment date: 11th June 2025 Dividend yield will be 0.1%, which is lower than the industry average of 0.8%. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 19% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (2.4% net profit margin). Announcement • Apr 29
Integrity Technology Group Inc., Annual General Meeting, May 20, 2025 Integrity Technology Group Inc., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Announcement • Mar 28
Integrity Technology Group Inc. to Report Q1, 2025 Results on Apr 29, 2025 Integrity Technology Group Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.30 in FY 2023) Full year 2024 results: EPS: CN¥0.08 (down from CN¥0.30 in FY 2023). Revenue: CN¥356.3m (down 10.0% from FY 2023). Net income: CN¥8.54m (down 73% from FY 2023). Profit margin: 2.4% (down from 7.9% in FY 2023). The decrease in margin was driven by lower revenue. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Announcement • Dec 27
Integrity Technology Group Inc. to Report Fiscal Year 2024 Results on Apr 29, 2025 Integrity Technology Group Inc. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.13 loss per share (vs CN¥0.036 loss in 3Q 2023) Third quarter 2024 results: CN¥0.13 loss per share (further deteriorated from CN¥0.036 loss in 3Q 2023). Revenue: CN¥72.8m (down 16% from 3Q 2023). Net loss: CN¥13.1m (loss widened 254% from 3Q 2023). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. New Risk • Sep 30
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 9.4% 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 (9.4% average weekly change). High level of non-cash earnings (33% accrual ratio). Announcement • Sep 30
Integrity Technology Group Inc. to Report Q3, 2024 Results on Oct 30, 2024 Integrity Technology Group Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to CN¥30.79, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 33x in the Software industry in China. Total loss to shareholders of 16% over the past year. Price Target Changed • Aug 30
Price target decreased by 21% to CN¥35.18 Down from CN¥44.56, the current price target is an average from 2 analysts. New target price is 58% above last closing price of CN¥22.20. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.30 last year. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.015 (vs CN¥0.10 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.015 (up from CN¥0.10 loss in 2Q 2023). Revenue: CN¥70.7m (up 22% from 2Q 2023). Net income: CN¥1.50m (up CN¥11.8m from 2Q 2023). Profit margin: 2.1% (up from net loss in 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. New Risk • Jul 09
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 10.0% 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 Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Announcement • Jun 28
Integrity Technology Group Inc. to Report First Half, 2024 Results on Aug 27, 2024 Integrity Technology Group Inc. announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • Jun 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 46% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (9.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Shareholders have been diluted in the past year (46% increase in shares outstanding). New Risk • May 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 97% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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 Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Announcement • Apr 30
Integrity Technology Group Inc., Annual General Meeting, May 24, 2024 Integrity Technology Group Inc., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: Building 6, Yard No. 9, Fenghao East Road, Haidian District, Beijing China Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.45 (down from CN¥0.93 in FY 2022). Revenue: CN¥395.9m (up 20% from FY 2022). Net income: CN¥31.1m (down 39% from FY 2022). Profit margin: 7.9% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥35.35, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 55% over the past year. Announcement • Mar 29
Beijing Integrity Technology Co.,Ltd to Report Q1, 2024 Results on Apr 29, 2024 Beijing Integrity Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 29, 2024 Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.45 (down from CN¥0.93 in FY 2022). Revenue: CN¥395.9m (up 20% from FY 2022). Net income: CN¥31.1m (down 39% from FY 2022). Profit margin: 7.9% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 55%. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥42.28, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 27x in the Software industry in China. Total returns to shareholders of 1.6% over the past year. Announcement • Feb 19
Beijing Integrity Technology Co.,Ltd (SHSE:688244) announces an Equity Buyback for CNY 60 million worth of its shares. Beijing Integrity Technology Co.,Ltd (SHSE:688244) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be repurchased at a price not more than CNY 63.60 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 6 months. New Risk • Feb 08
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 9.0% 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 (9.0% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (11% net profit margin). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥30.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Software industry in China. Total loss to shareholders of 31% over the past year. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥42.14, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 68x in the Software industry in China. Total loss to shareholders of 2.3% over the past year. New Risk • Aug 30
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: 12% Last year net profit margin: 17% 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 Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (39% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin). Announcement • Jun 28
Beijing Integrity Technology Co.,Ltd to Report First Half, 2023 Results on Aug 30, 2023 Beijing Integrity Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥84.96, the stock trades at a trailing P/E ratio of 77.9x. Average trailing P/E is 91x in the Software industry in China. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥64.64, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 73x in the Software industry in China. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥66.47, the stock trades at a trailing P/E ratio of 51.4x. Average trailing P/E is 69x in the Software industry in China. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥67.10, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 69x in the Software industry in China.