Buy Or Sell Opportunity • May 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.8% to CN¥3.21. The fair value is estimated to be CN¥2.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 25
Full year 2025 earnings released: CN¥0.31 loss per share (vs CN¥0.012 profit in FY 2024) Full year 2025 results: CN¥0.31 loss per share (down from CN¥0.012 profit in FY 2024). Revenue: CN¥2.02b (down 36% from FY 2024). Net loss: CN¥653.2m (down CN¥679.1m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Announcement • Apr 25
Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, May 18, 2026 Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: 43F, No. 28, Keji South 1st Road, Hi-tech Zone Community, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Das Intellitech Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Das Intellitech Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 31
Shenzhen Das Intellitech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shenzhen Das Intellitech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.15 loss per share (vs CN¥0.018 profit in 3Q 2024) Third quarter 2025 results: CN¥0.15 loss per share (down from CN¥0.018 profit in 3Q 2024). Revenue: CN¥482.8m (down 39% from 3Q 2024). Net loss: CN¥325.9m (down CN¥364.6m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 30
Shenzhen Das Intellitech Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Shenzhen Das Intellitech Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Sep 04
Shenzhen Das Intellitech Co., Ltd. Approves Board Elections Shenzhen Das Intellitech Co., Ltd. at its EGM held on September 2, 2025 approved election of Wu Shenjun and Liu Lei as independent directors. Reported Earnings • Aug 17
Second quarter 2025 earnings released: CN¥0.022 loss per share (vs CN¥0.003 profit in 2Q 2024) Second quarter 2025 results: CN¥0.022 loss per share (down from CN¥0.003 profit in 2Q 2024). Revenue: CN¥552.7m (down 28% from 2Q 2024). Net loss: CN¥47.3m (down CN¥52.8m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 02
Shenzhen Das Intellitech Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Shenzhen Das Intellitech Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • May 28
Dividend reduced to CN¥0.005 Dividend of CN¥0.005 is 75% lower than last year. Ex-date: 3rd June 2025 Payment date: 3rd June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (75% 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 2.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 17
Shenzhen Das Intellitech Co., Ltd. Approves Final Cash Dividend for 2024 Shenzhen Das Intellitech Co., Ltd. at its AGM held on May 13, 2025, approved cash dividend (tax included) of CNY 0.05000000 per ten shares for the year 2024. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: CN¥0.012 (vs CN¥0.055 in FY 2023) Full year 2024 results: EPS: CN¥0.012 (down from CN¥0.055 in FY 2023). Revenue: CN¥3.17b (down 17% from FY 2023). Net income: CN¥25.9m (down 78% from FY 2023). Profit margin: 0.8% (down from 3.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 23
Shenzhen Das Intellitech Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Shenzhen Das Intellitech Co., Ltd. proposed final cash dividend (tax included) of CNY 0.05000000 per ten shares for the year 2024. Announcement • Apr 22
Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, May 13, 2025 Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: 43F, No. 28, Keji South 1st Road, Hi-tech Zone Community, Yuehai Subdistrict, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Das Intellitech Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Shenzhen Das Intellitech Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Feb 08
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: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Announcement • Dec 31
Shenzhen Das Intellitech Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Shenzhen Das Intellitech Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.014 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.018 (up from CN¥0.014 in 3Q 2023). Revenue: CN¥793.2m (down 26% from 3Q 2023). Net income: CN¥38.7m (up 31% from 3Q 2023). Profit margin: 4.9% (up from 2.7% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shenzhen Das Intellitech Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Das Intellitech Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 New Risk • Aug 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 173% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). 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 (1.3% net profit margin). Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.028 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.028 in 2Q 2023). Revenue: CN¥762.9m (down 27% from 2Q 2023). Net income: CN¥5.47m (down 91% from 2Q 2023). Profit margin: 0.7% (down from 5.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Shenzhen Das Intellitech Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shenzhen Das Intellitech Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • May 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.7x net interest cover). Earnings have declined by 11% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • May 02
Shenzhen Das Intellitech Co., Ltd. Proposes Final Cash Dividend for the Year 2023 Shenzhen Das Intellitech Co., Ltd. announced on 30 April 2024 the profit distribution proposal for the year 2023 as final cash dividend per ten shares (tax included) of CNY 0.20000000. Announcement • May 01
Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, May 21, 2024 Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: 43F, Das Building, Keji South 1st Road, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 30
Shenzhen Das Intellitech Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shenzhen Das Intellitech Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥2.33, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 44x in the IT industry in China. Total loss to shareholders of 27% over the past three years. Announcement • Dec 30
Shenzhen Das Intellitech Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Shenzhen Das Intellitech Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.014 (vs CN¥0.035 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.014 (down from CN¥0.035 in 3Q 2022). Revenue: CN¥1.07b (up 22% from 3Q 2022). Net income: CN¥29.4m (down 56% from 3Q 2022). Profit margin: 2.7% (down from 7.7% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.028 (vs CN¥0.039 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.028 (down from CN¥0.039 in 2Q 2022). Revenue: CN¥1.04b (up 24% from 2Q 2022). Net income: CN¥58.3m (down 23% from 2Q 2022). Profit margin: 5.6% (down from 9.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Reported Earnings • Mar 23
Full year 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.26 loss in FY 2021) Full year 2022 results: EPS: CN¥0.11 (up from CN¥0.26 loss in FY 2021). Revenue: CN¥3.59b (up 14% from FY 2021). Net income: CN¥211.8m (up CN¥711.4m from FY 2021). Profit margin: 5.9% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Board Change • Oct 31
High number of new directors Non-Independent Director Bing Shen was the last director to join the board, commencing their role in 2022. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.045 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.035 (down from CN¥0.045 in 3Q 2021). Revenue: CN¥877.1m (up 6.5% from 3Q 2021). Net income: CN¥67.6m (down 19% from 3Q 2021). Profit margin: 7.7% (down from 10% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Sep 09
Shenzhen Das Intellitech Co., Ltd. Approves Directorial Appointments Shenzhen Das Intellitech Co., Ltd. approved the appointment of Shen Bing as non-independent director and Wang Dong as independent director, at its 2nd Extraordinary General Meeting of 2022 held on 06 September 2022. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.058 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.058 in 2Q 2021). Revenue: CN¥835.4m (down 8.1% from 2Q 2021). Net income: CN¥75.8m (down 31% from 2Q 2021). Profit margin: 9.1% (down from 12% in 2Q 2021). 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 3% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. 2 highly experienced directors. Non-Independent Director Ang Liu is the most experienced director on the board, commencing their role in 2000. 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 • Apr 02
Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, Apr 19, 2022 Shenzhen Das Intellitech Co., Ltd., Annual General Meeting, Apr 19, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 annual report and its summary; to consider 2021 report on environment, social and company governance; to consider 2021 profit distribution plan; to consider Reappointment of audit firm; and to consider any other matters. Reported Earnings • Mar 31
Full year 2021 earnings released: CN¥0.26 loss per share (vs CN¥0.17 profit in FY 2020) Full year 2021 results: CN¥0.26 loss per share (down from CN¥0.17 profit in FY 2020). Revenue: CN¥3.16b (down 1.5% from FY 2020). Net loss: CN¥499.7m (down 259% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥3.27, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 47x in the IT industry in China. Total loss to shareholders of 14% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.045 (vs CN¥0.038 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥823.2m (up 11% from 3Q 2020). Net income: CN¥83.7m (up 15% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS CN¥0.058 (vs CN¥0.06 in 2Q 2020) The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: CN¥909.3m (flat on 2Q 2020). Net income: CN¥110.5m (down 4.3% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥4.09, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 43x in the IT industry in China. Total loss to shareholders of 7.2% over the past three years. Announcement • May 28
Shenzhen Das Intellitech Co., Ltd. Announces 2020 Cash Dividend, Payable on June 2, 2021 Shenzhen Das Intellitech Co., Ltd. announced 2020 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.40000000. Record date: 01 June 2021,. Ex-date: 02 June 2021. Payment date: 02 June 2021. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.012 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥617.4m (up 41% from 1Q 2020). Net income: CN¥52.4m (up 133% from 1Q 2020). Profit margin: 8.5% (up from 5.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 11
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.18 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥3.21b (up 46% from FY 2019). Net income: CN¥315.3m (up CN¥658.2m from FY 2019). Profit margin: 9.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥3.75 The company is up 6.0% from a price of CN¥3.55 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Exceeded the IT industry, which is down 16% over the same period. Announcement • Feb 24
Shenzhen Das Intellitech Co., Ltd. to Report Fiscal Year 2020 Results on Apr 10, 2021 Shenzhen Das Intellitech Co., Ltd. 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¥3.36 The company is down 16% from its price of CN¥3.98 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. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥3.44 The company is down 19% from its price of CN¥4.23 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 28% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥3.47 The company is down 14% from its price of CN¥4.03 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 22% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: CN¥3.96 The company is down 13% from its price of CN¥4.56 on 08 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 16% over the same period. Reported Earnings • Oct 25
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥261.0m, with earnings decreasing by CN¥445.0m from the prior year. Total revenue was CN¥2.73b over the last 12 months, up 18% from the prior year. Announcement • Oct 17
Shenzhen Das Intellitech Co., Ltd. to Report Q3, 2020 Results on Oct 24, 2020 Shenzhen Das Intellitech Co., Ltd. announced that they will report Q3, 2020 results on Oct 24, 2020 Announcement • Aug 12
Shenzhen Das Intellitech Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 Shenzhen Das Intellitech Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020