Declared Dividend • Jun 01
Dividend of CN¥0.38 announced Shareholders will receive a dividend of CN¥0.38. Ex-date: 5th June 2026 Payment date: 5th June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (89.8% cash payout ratio). The dividend has increased by an average of 3.3% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 30
Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 21, 2026 Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 21, 2026, at 14:00 China Standard Time. Location: 9F, Building C3, Optical Valley Software Park, Hongshan District, Wuhan, Hubei China Price Target Changed • Apr 07
Price target decreased by 25% to CN¥120 Down from CN¥160, the current price target is provided by 1 analyst. New target price is 17% above last closing price of CN¥103. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥1.62 for next year compared to CN¥1.23 last year. Reported Earnings • Mar 31
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.23 (up from CN¥1.19 in FY 2024). Revenue: CN¥368.1m (down 5.4% from FY 2024). Net income: CN¥315.4m (up 3.8% from FY 2024). Profit margin: 86% (up from 78% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Announcement • Mar 30
Shenzhen Fortune Trend Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Mar 03
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.23 (up from CN¥1.19 in FY 2024). Revenue: CN¥368.6m (down 5.2% from FY 2024). Net income: CN¥314.9m (up 3.6% from FY 2024). Profit margin: 85% (up from 78% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
Shenzhen Fortune Trend Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.30 (vs CN¥0.17 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.30 (up from CN¥0.17 in 3Q 2024). Revenue: CN¥65.4m (up 4.3% from 3Q 2024). Net income: CN¥77.2m (up 77% from 3Q 2024). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Shenzhen Fortune Trend Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Aug 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.5% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 30
Shenzhen Fortune Trend Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 12% 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. This is currently the only risk that has been identified for the company. New Risk • Jun 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to CN¥97.19, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 48x in the Software industry in China. Total returns to shareholders of 104% over the past three years. Reported Earnings • May 05
First quarter 2025 earnings released: EPS: CN¥0.25 (vs CN¥0.27 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.25 (down from CN¥0.27 in 1Q 2024). Revenue: CN¥54.9m (down 23% from 1Q 2024). Net income: CN¥46.5m (down 7.4% from 1Q 2024). Profit margin: 85% (up from 71% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • May 01
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥542.0m to CN¥486.0m. EPS estimate fell from CN¥2.21 to CN¥2.08 per share. Net income forecast to grow 25% next year vs 58% growth forecast for Software industry in China. Consensus price target down from CN¥177 to CN¥160. Share price was steady at CN¥136 over the past week. Announcement • Apr 30
Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 20, 2025 Shenzhen Fortune Trend Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Location: 9F, Building C3, Optical Valley Software Park, Hongshan District, Wuhan, Hubei China Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥1.66 (vs CN¥1.70 in FY 2023) Full year 2024 results: EPS: CN¥1.66 (down from CN¥1.70 in FY 2023). Revenue: CN¥389.0m (down 11% from FY 2023). Net income: CN¥303.9m (down 2.2% from FY 2023). Profit margin: 78% (up from 72% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 28
Shenzhen Fortune Trend Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shenzhen Fortune Trend Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 29, 2025 Shenzhen Fortune Trend Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.24 (down from CN¥0.44 in 3Q 2023). Revenue: CN¥62.7m (down 38% from 3Q 2023). Net income: CN¥43.6m (down 45% from 3Q 2023). Profit margin: 70% (down from 79% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 17
Price target increased by 95% to CN¥221 Up from CN¥114, the current price target is provided by 1 analyst. New target price is 51% above last closing price of CN¥147. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥2.27 for next year compared to CN¥1.70 last year. Major Estimate Revision • Oct 17
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥472.0m to CN¥520.0m. EPS estimate unchanged from CN¥2.27 at last update. Software industry in China expected to see average net income growth of 56% next year. Consensus price target up from CN¥114 to CN¥221. Share price rose 2.7% to CN¥147 over the past week. Announcement • Sep 30
Shenzhen Fortune Trend technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥103, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 28x in the Software industry in China. Total returns to shareholders of 90% over the past three years. New Risk • Sep 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Major Estimate Revision • Sep 04
Consensus revenue estimates decrease by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from CN¥554.0m to CN¥472.0m. EPS estimate unchanged from CN¥2.27 per share at last update. Software industry in China expected to see average net income growth of 64% next year. Consensus price target broadly unchanged at CN¥114. Share price rose 8.0% to CN¥88.39 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.34 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.34 in 2Q 2023). Revenue: CN¥76.6m (down 7.0% from 2Q 2023). Net income: CN¥50.2m (down 20% from 2Q 2023). Profit margin: 66% (down from 76% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥90.30, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 30x in the Software industry in China. Total returns to shareholders of 51% over the past three years. Announcement • Jun 29
Shenzhen Fortune Trend technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥88.34, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 32x in the Software industry in China. Total returns to shareholders of 5.7% over the past three years. New Risk • May 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 8.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.5% average weekly change). Announcement • May 08
Shenzhen Fortune Trend technology Co., Ltd., Annual General Meeting, May 28, 2024 Shenzhen Fortune Trend technology Co., Ltd., Annual General Meeting, May 28, 2024, at 14:00 China Standard Time. Location: 9F, Building C3, Optical Valley Software Park, Hongshan District, Wuhan, Hubei China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.38 (vs CN¥0.43 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.38 (down from CN¥0.43 in 1Q 2023). Revenue: CN¥71.0m (up 9.2% from 1Q 2023). Net income: CN¥50.2m (down 11% from 1Q 2023). Profit margin: 71% (down from 86% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% 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, earnings per share has fallen by 4% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: CN¥2.38 (up from CN¥1.18 in FY 2022). Revenue: CN¥434.7m (up 35% from FY 2022). Net income: CN¥310.7m (up 102% from FY 2022). Profit margin: 72% (up from 48% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 23% 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, earnings per share has fallen by 8% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Mar 29
Shenzhen Fortune Trend technology Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 29
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: CN¥2.34 (up from CN¥1.18 in FY 2022). Revenue: CN¥428.3m (up 33% from FY 2022). Net income: CN¥306.2m (up 99% from FY 2022). Profit margin: 72% (up from 48% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥98.00, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the Software industry in China. Total returns to shareholders of 19% over the past three years. Board Change • Jan 08
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 Changsheng Xu was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥117, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Software industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.61 (vs CN¥0.23 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.61 (up from CN¥0.23 loss in 3Q 2022). Revenue: CN¥101.2m (up 27% from 3Q 2022). Net income: CN¥79.5m (up CN¥108.6m from 3Q 2022). Profit margin: 79% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 2 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 13% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Aug 30
Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) signed letter of intend to acquire 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited for CNY 600 million. Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) signed letter of intend to acquire 33% stake in Fujian Shine Technology Co., Ltd. from Shine Science & Technology (BVI) Company Limited for CNY 600 million on August 29, 2023. The transaction is subject to the completion of due diligence and other work, and the company's internal decision-making and approval procedures will be implemented in accordance with the relevant provisions of laws and regulations and the "Articles of Association", and the completion of the relevant approval procedures is uncertain. Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.39 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.48 (up from CN¥0.39 in 2Q 2022). Revenue: CN¥82.3m (up 19% from 2Q 2022). Net income: CN¥62.6m (up 22% from 2Q 2022). Profit margin: 76% (up from 74% in 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jun 28
Shenzhen Fortune Trend technology Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.60 (vs CN¥0.48 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.60 (up from CN¥0.48 in 1Q 2022). Revenue: CN¥65.1m (up 35% from 1Q 2022). Net income: CN¥56.2m (up 25% from 1Q 2022). Profit margin: 86% (down from 93% in 1Q 2022). Revenue is forecast to grow 27% 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, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥1.55 (vs CN¥3.02 in FY 2021) Full year 2022 results: EPS: CN¥1.55. Revenue: CN¥3.21t (up CN¥3.21t from FY 2021). Net income: CN¥1.44t (up CN¥1.44t from FY 2021). Profit margin: 45% (down from 86% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 150% p.a. on average during the next 2 years, while revenues in the Software industry in China are expected to grow by 24%. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥137, the stock trades at a trailing P/E ratio of 79.4x. Average forward P/E is 39x in the Software industry in China. Total returns to shareholders of 7.7% over the past year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 34% share price gain to CN¥120, the stock trades at a trailing P/E ratio of 69.2x. Average forward P/E is 36x in the Software industry in China. Total returns to shareholders of 7.4% over the past year. Price Target Changed • Nov 16
Price target decreased to CN¥117 Down from CN¥130, the current price target is provided by 1 analyst. New target price is 25% above last closing price of CN¥93.58. Stock is down 9.7% over the past year. The company posted earnings per share of CN¥3.02 last 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. 4 non-independent directors. Independent Director Wei Liu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.32 loss per share (vs CN¥0.73 profit in 3Q 2021) Third quarter 2022 results: CN¥0.32 loss per share (down from CN¥0.73 profit in 3Q 2021). Revenue: CN¥79.9m (up 28% from 3Q 2021). Net loss: CN¥29.1m (down 142% from profit in 3Q 2021). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Software industry in China. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.55 (vs CN¥0.71 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.55 (down from CN¥0.71 in 2Q 2021). Revenue: CN¥69.0m (up 3.1% from 2Q 2021). Net income: CN¥51.1m (down 23% from 2Q 2021). Profit margin: 74% (down from 99% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 37%, compared to a 32% growth forecast for the Software industry in China. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥103, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 29x in the Software industry in China. Total loss to shareholders of 7.9% over the past year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥91.60, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 26x in the Software industry in China. Total loss to shareholders of 25% over the past year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥125, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Software industry in China. Total loss to shareholders of 30% over the past year. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.67 (vs CN¥0.78 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.67 (down from CN¥0.78 in 1Q 2021). Revenue: CN¥48.4m (down 20% from 1Q 2021). Net income: CN¥44.8m (down 14% from 1Q 2021). Profit margin: 93% (up from 86% in 1Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 31%, compared to a 33% growth forecast for the industry in China. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (3 non-independent 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 19
Full year 2021 earnings released: EPS: CN¥4.23 (vs CN¥4.12 in FY 2020) Full year 2021 results: EPS: CN¥4.23 (up from CN¥4.12 in FY 2020). Revenue: CN¥326.3m (up 19% from FY 2020). Net income: CN¥281.7m (up 12% from FY 2020). Profit margin: 86% (down from 92% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 33%, compared to a 30% growth forecast for the industry in China. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥4.26 (up from CN¥4.12 in FY 2020). Revenue: CN¥327.2m (up 20% from FY 2020). Net income: CN¥283.8m (up 13% from FY 2020). Profit margin: 87% (down from 92% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 33%, compared to a 33% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥153, the stock trades at a trailing P/E ratio of 32.2x. Average forward P/E is 30x in the Software industry in China. Total loss to shareholders of 11% over the past year. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥1.03 (vs CN¥0.81 in 3Q 2020) Third quarter 2021 results: Revenue: CN¥62.4m (up 24% from 3Q 2020). Net income: CN¥69.0m (up 28% from 3Q 2020). Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.99 (vs CN¥0.79 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥66.9m (up 16% from 2Q 2020). Net income: CN¥66.1m (up 39% from 2Q 2020). Profit margin: 99% (up from 83% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥174, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 45x in the Software industry in China. Total loss to shareholders of 16% over the past year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥4.12 (vs CN¥3.48 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥273.2m (up 21% from FY 2019). Net income: CN¥251.5m (up 45% from FY 2019). Profit margin: 92% (up from 77% in FY 2019). The increase in margin was primarily driven by lower expenses. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥163 The company is down 25% from its price of CN¥218 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 11% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥182 The company is down 12% from its price of CN¥207 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. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥224, the stock is trading at a trailing P/E ratio of 59x, up from the previous P/E ratio of 49.7x. This compares to an average P/E of 56x in the Software industry in China. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥196 The company is down 17% from its price of CN¥237 on 25 September 2020. The Chinese market is up 5.0% 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 • Oct 29
Shenzhen Fortune Trend technology Co., Ltd. to Report Q3, 2020 Results on Oct 30, 2020 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 23
New 90-day low: CN¥208 The company is down 22% from its price of CN¥267 on 24 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 6.0% over the same period. Announcement • Jul 08
Shenzhen Fortune Trend technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Shenzhen Fortune Trend technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020