New Risk • May 26
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: CN¥1.3b Forecast net loss in 2 years: CN¥20m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Price Target Changed • May 05
Price target decreased by 8.4% to CN¥36.15 Down from CN¥39.47, the current price target is an average from 4 analysts. New target price is 20% above last closing price of CN¥30.11. Stock is down 6.0% over the past year. The company is forecast to post a net loss per share of CN¥0.16 next year compared to a net loss per share of CN¥1.89 last year. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 26% 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 26% per year over the past 5 years. Minor Risk Currently unprofitable and not forecast to become profitable next year (CN¥48m net loss next year). Reported Earnings • May 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥1.89 loss per share (improved from CN¥2.02 loss in FY 2024). Revenue: CN¥4.39b (up 1.0% from FY 2024). Net loss: CN¥1.29b (loss narrowed 6.7% from FY 2024). Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 16% 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 • Apr 30
Qi An Xin Technology Group Inc., Annual General Meeting, May 21, 2026 Qi An Xin Technology Group Inc., Annual General Meeting, May 21, 2026, at 14:00 China Standard Time. Location: The Company's Multi-function Hall, Beijing China Announcement • Mar 30
Qi An Xin Technology Group Inc. to Report Q1, 2026 Results on Apr 30, 2026 Qi An Xin Technology Group Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 02
Full year 2025 earnings released: CN¥1.85 loss per share (vs CN¥2.02 loss in FY 2024) Full year 2025 results: CN¥1.85 loss per share (improved from CN¥2.02 loss in FY 2024). Revenue: CN¥4.39b (up 1.0% from FY 2024). Net loss: CN¥1.26b (loss narrowed 8.5% from FY 2024). 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, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Dec 26
Qi An Xin Technology Group Inc. to Report Fiscal Year 2025 Results on Apr 30, 2026 Qi An Xin Technology Group Inc. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.51 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.22 (up from CN¥0.51 loss in 3Q 2024). Revenue: CN¥1.10b (up 18% from 3Q 2024). Net income: CN¥152.9m (up CN¥508.5m from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). Revenue is forecast to grow 12% 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 71 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Qi An Xin Technology Group Inc. to Report Q3, 2025 Results on Oct 31, 2025 Qi An Xin Technology Group Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 04
Price target increased by 7.5% to CN¥34.46 Up from CN¥32.07, the current price target is an average from 6 analysts. New target price is 7.2% below last closing price of CN¥37.13. Stock is up 73% over the past year. The company is forecast to post a net loss per share of CN¥0.55 next year compared to a net loss per share of CN¥2.02 last year. New Risk • Aug 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 6.8% 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. Major Estimate Revision • Aug 01
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -CN¥0.539 to -CN¥0.637 per share. Revenue forecast unchanged at CN¥4.81b. Software industry in China expected to see average net income growth of 55% next year. Consensus price target broadly unchanged at CN¥31.97. Share price rose 5.9% to CN¥36.79 over the past week. Announcement • Jun 30
Qi An Xin Technology Group Inc. to Report First Half, 2025 Results on Aug 29, 2025 Qi An Xin Technology Group Inc. announced that they will report first half, 2025 results on Aug 29, 2025 Major Estimate Revision • May 22
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -CN¥0.408 to -CN¥0.452 per share. Revenue forecast unchanged at CN¥4.82b. Software industry in China expected to see average net income growth of 57% next year. Consensus price target broadly unchanged at CN¥31.00. Share price fell 2.3% to CN¥30.09 over the past week. Announcement • May 09
Qi An Xin Technology Group Inc. announced that it expects to receive CNY 300 million in funding Qi An Xin Technology Group Inc. announced a private placement of ordinary shares (A-shares) for the gross proceeds of CNY 300 million and not exceeding 20% of the net assets at the end of the most recent year, and to handle related matters on May 8, 2025. the transaction has been approved in the 26th meeting of the 2nd board of directors. This proposal still needs to be submitted to the company's shareholders' meeting for review and approval. Announcement • May 08
Qi An Xin Technology Group Inc., Annual General Meeting, May 29, 2025 Qi An Xin Technology Group Inc., Annual General Meeting, May 29, 2025, at 14:00 China Standard Time. Location: The Company's Multi-function Hall, Beijing China Reported Earnings • Apr 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥2.02 loss per share (down from CN¥0.10 profit in FY 2023). Revenue: CN¥4.35b (down 33% from FY 2023). Net loss: CN¥1.38b (down CN¥1.45b from profit in FY 2023). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 21% 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, earnings per share has increased by 19% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Apr 07
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. This is currently the only risk that has been identified for the company. Announcement • Mar 28
Qi An Xin Technology Group Inc. to Report Q1, 2025 Results on Apr 30, 2025 Qi An Xin Technology Group Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: CN¥2.00 loss per share (down from CN¥0.10 profit in FY 2023). Revenue: CN¥4.35b (down 32% from FY 2023). Net loss: CN¥1.36b (down CN¥1.44b from profit in FY 2023). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Feb 12
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 8.6% 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 Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Announcement • Dec 27
Qi An Xin Technology Group Inc. to Report Fiscal Year 2024 Results on Apr 30, 2025 Qi An Xin Technology Group Inc. announced that they will report fiscal year 2024 results on Apr 30, 2025 Major Estimate Revision • Nov 13
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.35b to CN¥6.12b. EPS estimate also fell from CN¥0.277 per share to CN¥0.223 per share. Net income forecast to grow 109% next year vs 69% growth forecast for Software industry in China. Consensus price target broadly unchanged at CN¥31.19. Share price rose 4.7% to CN¥34.16 over the past week. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥0.298 to CN¥0.266 per share. Revenue forecast steady at CN¥6.39b. Net income forecast to grow 141% next year vs 69% growth forecast for Software industry in China. Consensus price target up from CN¥26.48 to CN¥30.32. Share price rose 11% to CN¥33.45 over the past week. Price Target Changed • Nov 04
Price target increased by 9.3% to CN¥28.96 Up from CN¥26.48, the current price target is an average from 8 analysts. New target price is 5.2% below last closing price of CN¥30.54. Stock is down 36% over the past year. The company is forecast to post earnings per share of CN¥0.30 for next year compared to CN¥0.10 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.51 loss per share (vs CN¥0.50 loss in 3Q 2023) Third quarter 2024 results: CN¥0.51 loss per share (further deteriorated from CN¥0.50 loss in 3Q 2023). Revenue: CN¥927.5m (down 23% from 3Q 2023). Net loss: CN¥355.6m (loss widened 3.7% from 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Sep 30
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 8.1% 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 Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Qi An Xin Technology Group Inc. to Report Q3, 2024 Results on Oct 31, 2024 Qi An Xin Technology Group Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Price Target Changed • Sep 04
Price target decreased by 9.7% to CN¥30.95 Down from CN¥34.26, the current price target is an average from 9 analysts. New target price is 47% above last closing price of CN¥21.00. Stock is down 61% over the past year. The company is forecast to post earnings per share of CN¥0.25 for next year compared to CN¥0.10 last year. Reported Earnings • Sep 02
Second quarter 2024 earnings released: CN¥0.51 loss per share (vs CN¥0.51 loss in 2Q 2023) Second quarter 2024 results: CN¥0.51 loss per share (improved from CN¥0.51 loss in 2Q 2023). Revenue: CN¥1.08b (down 31% from 2Q 2023). Net loss: CN¥340.1m (loss narrowed 1.9% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 31
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥6.94b to CN¥6.56b. EPS estimate also fell from CN¥0.422 per share to CN¥0.266 per share. Net income forecast to grow 99% next year vs 56% growth forecast for Software industry in China. Consensus price target down from CN¥34.26 to CN¥32.73. Share price rose 4.3% to CN¥22.60 over the past week. Price Target Changed • Jul 09
Price target decreased by 8.1% to CN¥34.82 Down from CN¥37.89, the current price target is an average from 9 analysts. New target price is 58% above last closing price of CN¥21.98. Stock is down 56% over the past year. The company is forecast to post earnings per share of CN¥0.44 for next year compared to CN¥0.10 last year. Announcement • Jun 28
Qi An Xin Technology Group Inc. to Report First Half, 2024 Results on Aug 30, 2024 Qi An Xin Technology Group Inc. announced that they will report first half, 2024 results on Aug 30, 2024 Major Estimate Revision • May 08
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.26b to CN¥7.12b. EPS estimate also fell from CN¥0.716 per share to CN¥0.602 per share. Net income forecast to grow 292% next year vs 53% growth forecast for Software industry in China. Consensus price target down from CN¥47.80 to CN¥43.17. Share price fell 2.5% to CN¥30.13 over the past week. Major Estimate Revision • May 03
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥7.34b to CN¥7.14b. EPS estimate also fell from CN¥0.798 per share to CN¥0.705 per share. Net income forecast to grow 351% next year vs 56% growth forecast for Software industry in China. Consensus price target down from CN¥50.57 to CN¥45.72. Share price was steady at CN¥30.90 over the past week. Announcement • Apr 29
Qi An Xin Technology Group Inc., Annual General Meeting, May 20, 2024 Qi An Xin Technology Group Inc., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Multi-function Hall, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.70 loss per share (vs CN¥0.78 loss in 1Q 2023) First quarter 2024 results: CN¥0.70 loss per share (improved from CN¥0.78 loss in 1Q 2023). Revenue: CN¥704.7m (down 24% from 1Q 2023). Net loss: CN¥480.3m (loss narrowed 10.0% from 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Mar 29
Qi An Xin Technology Group Inc. to Report Q1, 2024 Results on Apr 27, 2024 Qi An Xin Technology Group Inc. announced that they will report Q1, 2024 results on Apr 27, 2024 Price Target Changed • Mar 02
Price target decreased by 9.3% to CN¥50.57 Down from CN¥55.75, the current price target is an average from 9 analysts. New target price is 40% above last closing price of CN¥36.16. Stock is down 52% over the past year. The company is forecast to post earnings per share of CN¥0.86 for next year compared to CN¥0.10 last year. Reported Earnings • Feb 28
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.10 (up from CN¥0.08 in FY 2022). Revenue: CN¥6.45b (up 3.6% from FY 2022). Net income: CN¥71.3m (up 25% from FY 2022). Profit margin: 1.1% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 76%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 30
Price target decreased by 13% to CN¥65.73 Down from CN¥75.74, the current price target is an average from 9 analysts. New target price is 41% above last closing price of CN¥46.52. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.37 for next year compared to CN¥0.08 last year. Price Target Changed • Oct 26
Price target decreased by 7.8% to CN¥70.62 Down from CN¥76.63, the current price target is an average from 9 analysts. New target price is 57% above last closing price of CN¥44.89. Stock is down 20% over the past year. The company is forecast to post earnings per share of CN¥0.45 for next year compared to CN¥0.08 last year. Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.51 loss per share (vs CN¥0.64 loss in 2Q 2022) Second quarter 2023 results: CN¥0.51 loss per share (improved from CN¥0.64 loss in 2Q 2022). Revenue: CN¥1.56b (up 19% from 2Q 2022). Net loss: CN¥346.6m (loss narrowed 19% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.78 loss per share (vs CN¥0.70 loss in 1Q 2022) First quarter 2023 results: CN¥0.78 loss per share (further deteriorated from CN¥0.70 loss in 1Q 2022). Revenue: CN¥925.1m (up 40% from 1Q 2022). Net loss: CN¥533.5m (loss widened 11% from 1Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in China. Price Target Changed • Mar 31
Price target increased by 7.3% to CN¥90.79 Up from CN¥84.63, the current price target is an average from 8 analysts. New target price is 30% above last closing price of CN¥69.80. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥0.63 for next year compared to CN¥0.08 last year. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: CN¥0.08 (vs CN¥0.82 loss in FY 2021) Full year 2022 results: EPS: CN¥0.08 (up from CN¥0.82 loss in FY 2021). Revenue: CN¥6.63b (up 14% from FY 2021). Net income: CN¥55.2m (up CN¥610.0m from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2023 The 11 analysts covering Qi An Xin Technology Group previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of CN¥251.2m in 2023. Average annual earnings growth of 46% is required to achieve expected profit on schedule. Board Change • Nov 16
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. 5 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Yan Meng 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. Reported Earnings • Oct 29
Third quarter 2022 earnings released: CN¥0.31 loss per share (vs CN¥0.34 loss in 3Q 2021) Third quarter 2022 results: CN¥0.31 loss per share (improved from CN¥0.34 loss in 3Q 2021). Revenue: CN¥1.22b (flat on 3Q 2021). Net loss: CN¥215.4m (loss narrowed 8.3% from 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Reported Earnings • Aug 18
Second quarter 2022 earnings released: CN¥0.64 loss per share (vs CN¥0.57 loss in 2Q 2021) Second quarter 2022 results: CN¥0.64 loss per share (down from CN¥0.57 loss in 2Q 2021). Revenue: CN¥1.31b (up 31% from 2Q 2021). Net loss: CN¥428.9m (loss widened 11% from 2Q 2021). Over the next year, revenue is forecast to grow 48%, compared to a 31% growth forecast for the Software industry in China. Price Target Changed • May 24
Price target decreased to CN¥93.88 Down from CN¥102, the current price target is an average from 11 analysts. New target price is 100% above last closing price of CN¥46.89. Stock is down 49% over the past year. The company is forecast to post earnings per share of CN¥0.14 next year compared to a net loss per share of CN¥0.82 last year. Price Target Changed • Apr 27
Price target decreased to CN¥111 Down from CN¥122, the current price target is an average from 11 analysts. New target price is 148% above last closing price of CN¥44.57. Stock is down 54% over the past year. The company is forecast to post earnings per share of CN¥0.08 next year compared to a net loss per share of CN¥0.82 last year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. Chairman of the Board Xiangdong Qi is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 10
Qi An Xin Technology Group Inc. (SHSE:688561) announces an Equity Buyback for CNY 300 million worth of its shares. Qi An Xin Technology Group Inc. (SHSE:688561) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 300 million worth of its shares. The shares will be repurchased at a price of no more than CNY 80 per share. The program will be funded from the company's own funds. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be valid for a period of 6 months. Reported Earnings • Feb 27
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: CN¥0.81 loss per share (down from CN¥0.54 loss in FY 2020). Revenue: CN¥5.81b (up 40% from FY 2020). Net loss: CN¥552.4m (loss widened 65% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 104%. Over the next year, revenue is forecast to grow 39%, compared to a 33% growth forecast for the industry in China. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.34 loss per share (vs CN¥0.49 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥1.22b (up 41% from 3Q 2020). Net loss: CN¥234.9m (loss narrowed 25% from 3Q 2020). Reported Earnings • Aug 12
Second quarter 2021 earnings released: CN¥0.57 loss per share (vs CN¥0.27 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥999.3m (up 28% from 2Q 2020). Net loss: CN¥385.3m (loss widened 160% from 2Q 2020). Reported Earnings • Apr 30
First quarter 2021 earnings released: CN¥0.79 loss per share (vs CN¥0.94 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¥456.2m (up 102% from 1Q 2020). Net loss: CN¥536.7m (loss narrowed 1.3% from 1Q 2020). Reported Earnings • Apr 16
Full year 2020 earnings released: CN¥0.54 loss per share (vs CN¥0.90 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CN¥4.16b (up 32% from FY 2019). Net loss: CN¥334.4m (loss narrowed 32% from FY 2019). Is New 90 Day High Low • Feb 23
New 90-day low: CN¥101 The company is down 4.0% from its price of CN¥106 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.05 per share. Announcement • Oct 29
Qi An Xin Technology Group Inc. to Report Q3, 2020 Results on Oct 30, 2020 Qi An Xin Technology Group Inc. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 21
New 90-day low: CN¥96.50 The company is down 26% from its price of CN¥131 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Sep 10
Qi An Xin Technology Group Inc. (SHSE:688561) signed an equity transfer agreement to acquire the remaining 8.7% stake in Shenzhen Yun'anbao Technology Co., Ltd from Surfilter Network Technology Co., Ltd. (SZSE:300311) for CNY 20 million. Qi An Xin Technology Group Inc. (SHSE:688561) signed an equity transfer agreement to acquire the remaining 8.7% stake in Shenzhen Yun'anbao Technology Co., Ltd from Surfilter Network Technology Co., Ltd. (SZSE:300311) for CNY 20 million on September 8, 2020. Upon completion of the transaction, Qi An Xin Technology will hold 100% stake in Shenzhen Yun'anbao and Surfilter will no longer hold any shares. Shenzhen Yun'an reported total assets of CNY 55.9 million, net assets of CNY 41.1 million, revenues of CNY 32.5 million, operating profit of CNY 1.7 million and net profit of CNY 1.7 million in the year ending on December 31, 2019. The deal was approved by the Board of Directors of Surfilter on September 7, 2020.