Price Target Changed • May 04
Price target decreased by 25% to CN¥27.06 Down from CN¥36.11, the current price target is an average from 2 analysts. New target price is 57% above last closing price of CN¥17.24. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.72 next year compared to a net loss per share of CN¥1.22 last year. Reported Earnings • Apr 30
First quarter 2026 earnings released: CN¥0.19 loss per share (vs CN¥0.026 profit in 1Q 2025) First quarter 2026 results: CN¥0.19 loss per share (down from CN¥0.026 profit in 1Q 2025). Revenue: CN¥885.6m (down 37% from 1Q 2025). Net loss: CN¥119.6m (down CN¥135.9m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Apr 30
Taiji Computer Corporation Limited, Annual General Meeting, May 21, 2026 Taiji Computer Corporation Limited, Annual General Meeting, May 21, 2026, at 15:00 China Standard Time. Location: Meeting Center, Block C, China Dianke Taiji Information Industry Park, Yard No. 7, Rongda Road, Chaoyang District, Beijing China Announcement • Mar 31
Taiji Computer Corporation Limited to Report Q1, 2026 Results on Apr 30, 2026 Taiji Computer Corporation Limited announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Feb 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Dec 31
Taiji Computer Corporation Limited to Report Fiscal Year 2025 Results on Apr 08, 2026 Taiji Computer Corporation Limited announced that they will report fiscal year 2025 results on Apr 08, 2026 Price Target Changed • Nov 22
Price target increased by 10% to CN¥39.74 Up from CN¥36.11, the current price target is an average from 2 analysts. New target price is 68% above last closing price of CN¥23.70. Stock is down 12% over the past year. The company is forecast to post earnings per share of CN¥0.51 for next year compared to CN¥0.31 last year. Announcement • Nov 20
Taiji Computer Corporation Limited Approves Board Elections Taiji Computer Corporation Limited at its EGM held on November 18, 2025 approved election of Sun Ting as non-independent director and Li Zhanhuai as independent director. Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.009 loss per share (vs CN¥0.21 profit in 3Q 2024) Third quarter 2025 results: CN¥0.009 loss per share (down from CN¥0.21 profit in 3Q 2024). Revenue: CN¥1.08b (down 37% from 3Q 2024). Net loss: CN¥5.60m (down 104% from profit in 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Taiji Computer Corporation Limited to Report Q3, 2025 Results on Oct 30, 2025 Taiji Computer Corporation Limited announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Sep 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Declared Dividend • Jul 06
Dividend reduced to CN¥0.092 Dividend of CN¥0.092 is 49% lower than last year. Ex-date: 10th July 2025 Payment date: 10th July 2025 Dividend yield will be 0.4%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 135% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
Taiji Computer Corporation Limited to Report First Half, 2025 Results on Aug 29, 2025 Taiji Computer Corporation Limited announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 04
Taiji Computer Corporation Limited Proposes Final Cash Dividend for the Year 2024 On 2 April, 2025, Taiji Computer Corporation Limited announced the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 0.92500000. Price Target Changed • Apr 03
Price target increased by 9.6% to CN¥31.77 Up from CN¥28.98, the current price target is an average from 3 analysts. New target price is 27% above last closing price of CN¥25.10. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of CN¥0.76 for next year compared to CN¥0.31 last year. Reported Earnings • Apr 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.31 (down from CN¥0.61 in FY 2023). Revenue: CN¥7.84b (down 15% from FY 2023). Net income: CN¥191.1m (down 49% from FY 2023). Profit margin: 2.4% (down from 4.1% in FY 2023). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 54%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 02
Taiji Computer Corporation Limited, Annual General Meeting, May 15, 2025 Taiji Computer Corporation Limited, Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: Meeting Center, Block C, China Dianke Taiji Information Industry Park, Yard No. 7, Rongda Road, Chaoyang District, Beijing China Announcement • Mar 31
Taiji Computer Corporation Limited to Report Q1, 2025 Results on Apr 30, 2025 Taiji Computer Corporation Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.52, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 36x in the IT industry in China. Total returns to shareholders of 11% over the past three years. Announcement • Dec 31
Taiji Computer Corporation Limited to Report Fiscal Year 2024 Results on Apr 02, 2025 Taiji Computer Corporation Limited announced that they will report fiscal year 2024 results on Apr 02, 2025 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.12, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 33x in the IT industry in China. Total loss to shareholders of 9.9% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.13 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.13 in 3Q 2023). Revenue: CN¥1.72b (down 15% from 3Q 2023). Net income: CN¥130.6m (up 61% from 3Q 2023). Profit margin: 7.6% (up from 4.0% in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Taiji Computer Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024 Taiji Computer Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 27
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 6.6% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥18.66, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the IT industry in China. Total loss to shareholders of 21% over the past three years. New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Aug 31
Second quarter 2024 earnings released: CN¥0.28 loss per share (vs CN¥0.038 profit in 2Q 2023) Second quarter 2024 results: CN¥0.28 loss per share (down from CN¥0.038 profit in 2Q 2023). Revenue: CN¥952.1m (down 30% from 2Q 2023). Net loss: CN¥175.2m (down CN¥198.5m from profit in 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥17.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the IT industry in China. Total loss to shareholders of 21% over the past three years. Declared Dividend • Jul 08
Dividend reduced to CN¥0.18 Dividend of CN¥0.18 is 0.7% lower than last year. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 112% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 29
Taiji Computer Corporation Limited to Report First Half, 2024 Results on Aug 31, 2024 Taiji Computer Corporation Limited announced that they will report first half, 2024 results on Aug 31, 2024 Price Target Changed • May 15
Price target decreased by 10% to CN¥33.46 Down from CN¥37.27, the current price target is an average from 3 analysts. New target price is 53% above last closing price of CN¥21.88. Stock is down 41% over the past year. The company is forecast to post earnings per share of CN¥0.82 for next year compared to CN¥0.61 last year. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.026 (vs CN¥0.046 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.026 (down from CN¥0.046 in 1Q 2023). Revenue: CN¥1.66b (down 9.9% from 1Q 2023). Net income: CN¥16.3m (down 41% from 1Q 2023). Profit margin: 1.0% (down from 1.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 19
Taiji Computer Corporation Limited, Annual General Meeting, May 15, 2024 Taiji Computer Corporation Limited, Annual General Meeting, May 15, 2024, at 14:00 China Standard Time. Location: Meeting Center, Tower C, China Dianke Taiji Information Industry Park, Yard No. 7, Rongda Road, Chaoyang District, Beijing China Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.61 (down from CN¥0.65 in FY 2022). Revenue: CN¥9.19b (down 13% from FY 2022). Net income: CN¥375.2m (flat on FY 2022). Profit margin: 4.1% (up from 3.6% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Announcement • Mar 30
Taiji Computer Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024 Taiji Computer Corporation Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.28, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.52, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the IT industry in China. Total returns to shareholders of 10% over the past three years. New Risk • Jan 25
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 6.5% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (5.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥24.60, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the IT industry in China. Total loss to shareholders of 13% over the past three years. Announcement • Dec 30
Taiji Computer Corporation Limited to Report Fiscal Year 2023 Results on Apr 18, 2024 Taiji Computer Corporation Limited announced that they will report fiscal year 2023 results on Apr 18, 2024 Price Target Changed • Nov 02
Price target decreased by 12% to CN¥42.97 Down from CN¥48.70, the current price target is an average from 3 analysts. New target price is 52% above last closing price of CN¥28.30. Stock is up 7.6% over the past year. The company is forecast to post earnings per share of CN¥0.82 for next year compared to CN¥0.65 last year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.13. Revenue: CN¥2.02b (down 5.6% from 3Q 2022). Net income: CN¥81.2m (flat on 3Q 2022). Profit margin: 4.0% (up from 3.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.031 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.038 (up from CN¥0.031 in 2Q 2022). Revenue: CN¥1.36b (down 56% from 2Q 2022). Net income: CN¥23.3m (up 29% from 2Q 2022). Profit margin: 1.7% (up from 0.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Jun 30
Taiji Computer Corporation Limited Announces Final Profit Distribution Plan to Be Implemented (A Shares) for 2022, Payable on 06 July 2023 Taiji Computer Corporation Limited announced 2022 final profit distribution plan to be implemented (A shares) Cash dividend/10 shares (tax included): CNY 1.82285400. Record date: 05 July 2023, Ex-date: 06 July 2023, Payment date: 06 July 2023. Announcement • May 13
Taiji Computer Corporation Limited Approves Cash Dividend for 2022 Taiji Computer Corporation Limited at its AGM held on May 9, 2023, approved cash dividend of CNY 1.92000000 per 10 shares (tax included) for 2022. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥43.00, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 29x in the IT industry in China. Total returns to shareholders of 65% over the past three years. Reported Earnings • Apr 08
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥0.65 (up from CN¥0.64 in FY 2021). Revenue: CN¥10.6b (flat on FY 2021). Net income: CN¥377.7m (up 1.2% from FY 2021). Profit margin: 3.6% (in line with FY 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥44.60, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 33x in the IT industry in China. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.38 per share. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥35.38, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.66 per share. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥32.22, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 29x in the IT industry in China. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.60 per share. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 4 highly experienced directors. Senior VP & Director Guokuan Feng was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.10 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.14 (up from CN¥0.10 in 3Q 2021). Revenue: CN¥2.14b (down 36% from 3Q 2021). Net income: CN¥80.6m (up 39% from 3Q 2021). Profit margin: 3.8% (up from 1.7% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥19.43, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the IT industry in China. Total loss to shareholders of 7.6% over the past three years. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.031 (vs CN¥0.015 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.031 (up from CN¥0.015 in 2Q 2021). Revenue: CN¥3.06b (up 45% from 2Q 2021). Net income: CN¥18.1m (up 113% from 2Q 2021). Profit margin: 0.6% (up from 0.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 27% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Taiji Computer Corporation Limited Announces Final Cash Dividend for 2021, Payable on July 6, 2022 Taiji Computer Corporation Limited announced Cash dividend per 10 shares (tax included) is CNY 1.93999700 for 2021. Record date is July 5, 2022. Ex-date is July 6, 2022. Payment date is July 6, 2022. Announcement • May 13
Taiji Computer Corporation Limited Approves the Final Cash Dividend for the Year 2021 Taiji Computer Corporation Limited at its annual general meeting held on May 10, 2022 approved the final cash dividend/10 shares (tax included) of CNY 1.94000000 for the year 2021. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.032 (down from CN¥0.034 in 1Q 2021). Revenue: CN¥1.86b (up 19% from 1Q 2021). Net income: CN¥18.7m (down 5.1% from 1Q 2021). Profit margin: 1.0% (down from 1.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 22%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to CN¥28.35 Down from CN¥48.00, the current price target is an average from 4 analysts. New target price is 68% above last closing price of CN¥16.88. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥0.75 for next year compared to CN¥0.64 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. President & Director Yi Lu was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.64 (up from CN¥0.64 in FY 2020). Revenue: CN¥10.5b (up 23% from FY 2020). Net income: CN¥373.1m (up 1.2% from FY 2020). Profit margin: 3.6% (down from 4.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 17%. Over the next year, revenue is forecast to grow 24%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥24.11, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the IT industry in China. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥10.49 per share. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. President & Director Yi Lu was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.097 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥3.32b (up 92% from 3Q 2020). Net income: CN¥57.9m (up 3.3% from 3Q 2020). Profit margin: 1.7% (down from 3.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥29.08, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the IT industry in China. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥25.48, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the IT industry in China. Total returns to shareholders of 15% over the past three years. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.014 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥2.12b (up 30% from 2Q 2020). Net income: CN¥8.49m (up 5.7% from 2Q 2020). Profit margin: 0.4% (down from 0.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 21
Taiji Computer Corporation Limited Approves the Final Cash Dividend for the Year 2020 Taiji Computer Corporation Limited at its annual general meeting held on May 18, 2021 approved the final cash dividend/10 shares (tax included) of CNY 1.91000000 for the year 2020. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.034 (vs CN¥0.024 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.57b (up 15% from 1Q 2020). Net income: CN¥19.7m (up 41% from 1Q 2020). Profit margin: 1.3% (up from 1.0% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 13
Price target decreased to CN¥28.35 Down from CN¥48.00, the current price target is an average from 2 analysts. New target price is 29% above last closing price of CN¥22.06. Stock is down 14% over the past year. Reported Earnings • Apr 10
Full year 2020 earnings released: EPS CN¥0.64 (vs CN¥0.58 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥8.53b (up 21% from FY 2019). Net income: CN¥368.7m (up 9.9% from FY 2019). Profit margin: 4.3% (down from 4.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 12
New 90-day low: CN¥20.31 The company is down 28% from its price of CN¥28.10 on 11 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.15 per share. Announcement • Feb 24
Taiji Computer Corporation Limited to Report Fiscal Year 2020 Results on Apr 10, 2021 Taiji Computer Corporation Limited announced that they will report fiscal year 2020 results on Apr 10, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥23.67 The company is down 12% from its price of CN¥26.80 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.20 per share. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥28.72, the stock is trading at a trailing P/E ratio of 49.8x, up from the previous P/E ratio of 42.7x. This compares to an average P/E of 61x in the IT industry in China. Total returns to shareholders over the past three years are 61%. Is New 90 Day High Low • Dec 25
New 90-day low: CN¥25.49 The company is down 9.0% from its price of CN¥28.16 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.53 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥337.3m, up 4.4% from the prior year. Total revenue was CN¥7.20b over the last 12 months, up 7.2% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥27.39 The company is down 19% from its price of CN¥33.93 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 IT industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.14 per share. Announcement • Sep 23
CLP Taiji (Group) Co., Ltd. completed the acquisition of 33.2% stake in Taiji Computer Corporation Limited (SZSE:002368) from North China Institute of Computer Technology. CLP Taiji (Group) Co., Ltd. signed the conditional agreement to acquire 33.2% stake in Taiji Computer Corporation Limited (SZSE:002368) from North China Institute of Computer Technology for nil consideration on November 25, 2019. CLP Taiji (Group) Co., Ltd. will acquire 137 million shares for free. After the transfer of shares is completed, CLP Taiji (Group) Co., Ltd. will directly hold 137 million shares in Taiji Computer Corporation and North China Institute of Computer Technology will hold 23.8 million shares.
CLP Taiji (Group) Co., Ltd. completed the acquisition of 33.2% stake in Taiji Computer Corporation Limited (SZSE:002368) from North China Institute of Computer Technology on July 3, 2020. CLP Taiji (Group) Co., Ltd. now directly holds 137 million shares of Taiji Computer Corporation and has control over 160.8 million shares of Taiji Computer Corporation. The actual controller of Taiji Computer Corporation is China Electronics Technology Group Corporation. Announcement • Aug 12
Taiji Computer Corporation Limited to Report First Half, 2020 Results on Aug 28, 2020 Taiji Computer Corporation Limited announced that they will report first half, 2020 results on Aug 28, 2020