Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥20.68, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 42x in the Software industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥39.54 per share. Announcement • May 14
Newland Digital Technology Co.,Ltd., Annual General Meeting, Jun 04, 2026 Newland Digital Technology Co.,Ltd., Annual General Meeting, Jun 04, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 57% 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 (57% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Apr 26
First quarter 2026 earnings released: EPS: CN¥0.28 (vs CN¥0.31 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.28 (down from CN¥0.31 in 1Q 2025). Revenue: CN¥2.54b (up 34% from 1Q 2025). Net income: CN¥281.1m (down 9.6% from 1Q 2025). Profit margin: 11% (down from 16% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% 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 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Newland Digital Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Newland Digital Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Newland Digital Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Newland Digital Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Price Target Changed • Dec 04
Price target increased by 24% to CN¥38.71 Up from CN¥31.31, the current price target is provided by 1 analyst. New target price is 55% above last closing price of CN¥24.94. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥1.00 last year. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.28 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.32 (up from CN¥0.28 in 3Q 2024). Revenue: CN¥2.22b (up 15% from 3Q 2024). Net income: CN¥322.9m (up 12% from 3Q 2024). Profit margin: 14% (in line with 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, earnings per share has increased by 62% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Newland Digital Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Newland Digital Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 26
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.28 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.28 in 2Q 2024). Revenue: CN¥2.12b (up 12% from 2Q 2024). Net income: CN¥284.3m (up 1.1% from 2Q 2024). Profit margin: 13% (down from 15% in 2Q 2024). The decrease in margin was driven by higher expenses. 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, earnings per share has increased by 55% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 18
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at CN¥29.30. The fair value is estimated to be CN¥36.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued Over the last 90 days, the stock has risen 10% to CN¥29.60. The fair value is estimated to be CN¥37.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Announcement • Jul 02
Newland Digital Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Newland Digital Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • May 22
Newland Digital Technology Co.,Ltd. Approves Cash Dividend for Year 2024 Newland Digital Technology Co.,Ltd. at its Annual General Meeting of 2024 on 20 May 2025, approved Cash dividend per 10 shares (tax included): CNY 2.20000000. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥31.35, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 46x in the Software industry in China. Total returns to shareholders of 173% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.41 per share. Major Estimate Revision • May 09
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥8.65b to CN¥8.49b. EPS estimate also fell from CN¥1.40 per share to CN¥1.24 per share. Net income forecast to grow 26% next year vs 58% growth forecast for Software industry in China. Consensus price target of CN¥31.31 unchanged from last update. Share price rose 6.3% to CN¥28.50 over the past week. Major Estimate Revision • May 01
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥9.74b to CN¥8.65b. EPS estimate fell from CN¥1.42 to CN¥1.40 per share. Net income forecast to grow 41% next year vs 58% growth forecast for Software industry in China. Consensus price target up from CN¥31.97 to CN¥36.45. Share price was steady at CN¥26.81 over the past week. Announcement • Apr 29
Newland Digital Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Newland Digital Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.24 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.31 (up from CN¥0.24 in 1Q 2024). Revenue: CN¥1.90b (up 8.9% from 1Q 2024). Net income: CN¥311.1m (up 25% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Newland Digital Technology Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Newland Digital Technology Co.,Ltd. proposed final cash dividend/10 shares (tax included) of CNY 2.20000000 for the year 2024. Announcement • Mar 31
Newland Digital Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 23, 2025 Newland Digital Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Mar 24
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 7.9% 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 (7.9% average weekly change). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.94, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 48x in the Software industry in China. Total returns to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.79 per share. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥24.62, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 54x in the Software industry in China. Total returns to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.53 per share. Announcement • Dec 31
Newland Digital Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2025 Newland Digital Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2025 Buy Or Sell Opportunity • Dec 12
Now 20% undervalued Over the last 90 days, the stock has risen 82% to CN¥21.86. The fair value is estimated to be CN¥27.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 22%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥20.67, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 41x in the Software industry in China. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.29 per share. Announcement • Oct 29
Newland Digital Technology Co.,Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Newland Digital Technology Co.,Ltd. announced on 28 October 2024 the profit distribution proposal for the third quarter of 2024 as cash dividend per ten shares (tax included) of CNY 3.30000000. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥1.94b (down 5.3% from 3Q 2023). Net income: CN¥288.9m (up 14% from 3Q 2023). Profit margin: 15% (up from 12% in 3Q 2023). The increase in margin was driven by lower expenses. 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, earnings per share has increased by 22% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Newland Digital Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Newland Digital Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.65, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 31x in the Software industry in China. Total returns to shareholders of 7.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.22 per share. Price Target Changed • Sep 03
Price target decreased by 27% to CN¥17.11 Down from CN¥23.30, the current price target is an average from 2 analysts. New target price is 37% above last closing price of CN¥12.49. Stock is down 37% over the past year. The company is forecast to post earnings per share of CN¥1.15 for next year compared to CN¥0.99 last year. Major Estimate Revision • Aug 30
Consensus revenue estimates fall by 11% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥9.49b to CN¥8.41b. EPS estimate fell from CN¥1.25 to CN¥1.17 per share. Net income forecast to grow 36% next year vs 56% growth forecast for Software industry in China. Consensus price target down from CN¥23.30 to CN¥22.10. Share price was steady at CN¥12.88 over the past week. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.26 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (up from CN¥0.26 in 2Q 2023). Revenue: CN¥1.90b (down 2.2% from 2Q 2023). Net income: CN¥281.3m (up 6.0% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% 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 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jul 31
Now 20% overvalued Over the last 90 days, the stock has fallen 21% to CN¥13.34. The fair value is estimated to be CN¥11.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Announcement • Jul 25
Newland Digital Technology Co.,Ltd. Announces Implementation of Final Profit Distribution Plan (A Shares) for 2023, Payable on July 30, 2024 Newland Digital Technology Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend per 10 shares (tax included) of CNY 2.20000000. Record date: July 29, 2024; Ex-date: July 30, 2024; Payment date: July 30, 2024. Buy Or Sell Opportunity • Jul 09
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to CN¥13.39. The fair value is estimated to be CN¥11.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 76% in the next 2 years. Announcement • Jun 29
Newland Digital Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Newland Digital Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • Jun 05
Newland Digital Technology Co.,Ltd., Annual General Meeting, Jun 25, 2024 Newland Digital Technology Co.,Ltd., Annual General Meeting, Jun 25, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Reported Earnings • Apr 23
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.99 (up from CN¥0.38 loss in FY 2022). Revenue: CN¥8.25b (up 12% from FY 2022). Net income: CN¥1.00b (up CN¥1.39b from FY 2022). Profit margin: 12% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Mar 30
Newland Digital Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Newland Digital Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Newland Digital Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Newland Digital Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.13 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.13 in 3Q 2022). Revenue: CN¥2.04b (up 9.2% from 3Q 2022). Net income: CN¥253.6m (up 86% from 3Q 2022). Profit margin: 12% (up from 7.3% in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 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 52% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 30
Newland Digital Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Newland Digital Technology Co.,Ltd. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Announcement • Sep 28
Newland Digital Technology Co.,Ltd. Announces Interim Distribution Plan to Be Implemented (A Shares) for 2023, Payable on 11 October 2023 Newland Digital Technology Co.,Ltd. announced interim profit distribution plan to be implemented (A shares): Cash dividend (tax included) of CNY 2.80000000 per 10 shares for year 2023. Record date: 10 October 2023, Ex-date: 11 October 2023 and Payment date: 11 October 2023. Announcement • Sep 15
Newland Digital Technology Co.,Ltd. Approves Cash Dividend Newland Digital Technology Co.,Ltd. held its 1st Extraordinary General Meeting of 2023 on 12 September 2023, during which the following it approved: 2023 interim profit distribution plan: Cash dividend/10 shares (tax included): CNY 2.80000000. Announcement • Aug 29
Newland Digital Technology Co.,Ltd. Proposes Cash Interim Dividend for the First Half of 2023 Newland Digital Technology Co.,Ltd. announced on 28 August 2023 the profit distribution proposal for the first half of 2023 as follows: Cash dividend/10 shares (tax included): CNY 2.80000000. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥1.94b (up 4.0% from 2Q 2022). Net income: CN¥265.4m (up 74% from 2Q 2022). Profit margin: 14% (up from 8.2% in 2Q 2022). Revenue is forecast to grow 19% 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 fallen by 43% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 09
Newland Digital Technology Co.,Ltd., Annual General Meeting, Jun 28, 2023 Newland Digital Technology Co.,Ltd., Annual General Meeting, Jun 28, 2023, at 10:30 China Standard Time. Agenda: To consider 2022 work report of the board of directors; to consider 2022 work report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 annual report and its summary; to consider 2022 profit distribution plan; to consider Reappointment of audit firm; to consider 2023 provision of guarantee quota for subsidiaries; and to consider External financing guarantee quota for wholly-owned subsidiaries. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.083 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.083 in 1Q 2022). Revenue: CN¥1.90b (up 6.1% from 1Q 2022). Net income: CN¥299.2m (up 257% from 1Q 2022). Profit margin: 16% (up from 4.7% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 23% 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 31% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to CN¥21.80 Down from CN¥24.67, the current price target is an average from 3 analysts. New target price is 57% above last closing price of CN¥13.86. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.59 for next year compared to CN¥0.69 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yongdong Xu 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 30
Third quarter 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.18 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.13 (down from CN¥0.18 in 3Q 2021). Revenue: CN¥1.87b (flat on 3Q 2021). Net income: CN¥136.1m (down 25% from 3Q 2021). Profit margin: 7.3% (down from 9.8% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.21 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (down from CN¥0.21 in 2Q 2021). Revenue: CN¥1.86b (flat on 2Q 2021). Net income: CN¥152.4m (down 27% from 2Q 2021). Profit margin: 8.2% (down from 11% in 2Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 33% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.34, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 27x in the Software industry in China. Total loss to shareholders of 5.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.22 per share. Announcement • Jul 07
Newland Digital Technology Co.,Ltd. Announces Final Distribution Plan to Be Implemented (A Shares) for 2021, Payable on July 13, 2022 Newland Digital Technology Co.,Ltd. announced final profit distribution plan to be implemented (A shares): Cash dividend (tax included) of CNY 2.50000000 per 10 shares for year 2021. Record date: 12 July 2022, Ex-date: 13 July 2022 and Payment date: 13 July 2022. Announcement • May 21
Newland Digital Technology Co.,Ltd. Approves Cash Dividend for the Year 2021 Newland Digital Technology Co.,Ltd. announced that at its Annual General Meeting held on 19 May 2022, approved cash dividend/10 shares (tax included) of CNY 2.50000000 for the year 2021. Price Target Changed • May 19
Price target decreased to CN¥24.67 Down from CN¥27.00, the current price target is an average from 5 analysts. New target price is 102% above last closing price of CN¥12.19. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.74 for next year compared to CN¥0.69 last year. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: CN¥0.083 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥1.79b (up 5.3% from 1Q 2021). Net income: CN¥83.8m (down 19% from 1Q 2021). Profit margin: 4.7% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 23%, compared to a 33% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Apr 28
Newland Digital Technology Co.,Ltd. Proposes Final Cash Dividend for 2021 Newland Digital Technology Co.,Ltd. proposed final Cash dividend (tax included) of CNY 2.50000000 per 10 shares for year 2021. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Yongdong Xu 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 • Apr 16
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥0.68 (up from CN¥0.45 in FY 2020). Revenue: CN¥7.70b (up 9.0% from FY 2020). Net income: CN¥704.2m (up 55% from FY 2020). Profit margin: 9.1% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 21%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥18.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 31x in the Software industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.08 per share. Price Target Changed • Nov 17
Price target increased to CN¥25.00 Up from CN¥22.35, the current price target is an average from 4 analysts. New target price is 54% above last closing price of CN¥16.19. Stock is up 3.5% over the past year. The company is forecast to post earnings per share of CN¥0.58 for next year compared to CN¥0.45 last year. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.21 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.86b (up 2.0% from 3Q 2020). Net income: CN¥182.3m (down 16% from 3Q 2020). Profit margin: 9.8% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.21 (vs CN¥0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.85b (up 2.2% from 2Q 2020). Net income: CN¥209.5m (up 56% from 2Q 2020). Profit margin: 11% (up from 7.4% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 29
Newland Digital Technology Co.,Ltd. Approves Final Cash Dividend for 2020 Newland Digital Technology Co.,Ltd. held its Annual General Meeting of 2020 on 27 May 2021. At the meeting, the shareholders approved the final tax included cash dividend of CNY 3.5 per 10 shares for 2020. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥16.29, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 27x in the Software industry in China. Total loss to shareholders of 9.2% over the past three years. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.097 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¥1.70b (up 31% from 1Q 2020). Net income: CN¥103.7m (up 5.3% from 1Q 2020). Profit margin: 6.1% (down from 7.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.45 (vs CN¥0.67 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¥7.06b (up 14% from FY 2019). Net income: CN¥454.5m (down 34% from FY 2019). Profit margin: 6.4% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Announcement • Feb 24
Newland Digital Technology Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 29, 2021 Newland Digital Technology Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 29, 2021 Is New 90 Day High Low • Jan 26
New 90-day low: CN¥13.93 The company is down 13% from its price of CN¥16.07 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.10 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥14.38 The company is down 11% from its price of CN¥16.16 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.11 per share. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥15.18 The company is down 11% from its price of CN¥17.10 on 11 September 2020. The Chinese market is up 3.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.11 per share. Is New 90 Day High Low • Nov 12
New 90-day low: CN¥15.58 The company is down 9.0% from its price of CN¥17.14 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.61 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥512.3m, down 30% from the prior year. Total revenue was CN¥6.85b over the last 12 months, up 13% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥15.81 The company is down 1.0% from its price of CN¥15.98 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.12 per share. Announcement • Aug 13
Newland Digital Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Newland Digital Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 29, 2020