Announcement • Apr 30
Shanghai DragonNet Technology Co.,Ltd. (SZSE:300245) announces an Equity Buyback for CNY 100 million worth of its shares. Shanghai DragonNet Technology Co.,Ltd. (SZSE:300245) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 16 per share. The purpose of the program is to maintain the Company’s value and shareholder rights. The program will be funded from own funds. The authorization will be valid for a period of 3 months. New Risk • Apr 29
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 11% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 71% per year over the past 5 years. Announcement • Apr 28
Shanghai DragonNet Technology Co.,Ltd., Annual General Meeting, May 28, 2026 Shanghai DragonNet Technology Co.,Ltd., Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: Building No. 6, Phase 3, No. 1016, Tianlin Road, Minhang District, Shanghai China Announcement • Mar 31
Shanghai DragonNet Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shanghai DragonNet Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Mar 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 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 Earnings have declined by 71% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Dec 31
Shanghai DragonNet Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shanghai DragonNet Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: CN¥0.03 loss per share (vs CN¥0.011 loss in 3Q 2024) Third quarter 2025 results: CN¥0.03 loss per share (further deteriorated from CN¥0.011 loss in 3Q 2024). Revenue: CN¥82.7m (up 8.2% from 3Q 2024). Net loss: CN¥8.80m (loss widened 172% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shanghai DragonNet Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Shanghai DragonNet Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Shanghai DragonNet Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Shanghai DragonNet Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • May 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 66% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Announcement • Apr 26
Shanghai DragonNet Technology Co.,Ltd., Annual General Meeting, May 29, 2025 Shanghai DragonNet Technology Co.,Ltd., Annual General Meeting, May 29, 2025, at 14:30 China Standard Time. Location: Building 6, Phase 3, No. 1016, Tianlin Road, Minhang District, Shanghai China Announcement • Mar 31
Shanghai DragonNet Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shanghai DragonNet Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director, Financial Director & Board Secretary Ting Nie was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 31
Shanghai DragonNet Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shanghai DragonNet Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Announcement • Dec 07
Shanghai DragonNet Technology Co.,Ltd. Approves Board Elections Shanghai DragonNet Technology Co.,Ltd. at its Extraordinary General Meeting of 2024 held on 5 December 2024, approved the election of Nie Ting and Zhang Xingxing as non-independent directord. The company approved the election of Zhang Shuangpeng as independent director. Announcement • Sep 30
Shanghai DragonNet Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Shanghai DragonNet Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Announcement • Jun 29
Shanghai DragonNet Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Shanghai DragonNet Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Reported Earnings • Apr 26
Full year 2023 earnings released: CN¥0.23 loss per share (vs CN¥0.01 loss in FY 2022) Full year 2023 results: CN¥0.23 loss per share (further deteriorated from CN¥0.01 loss in FY 2022). Revenue: CN¥411.5m (down 31% from FY 2022). Net loss: CN¥71.1m (loss widened CN¥68.0m from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Shanghai DragonNet Technology Co.,Ltd., Annual General Meeting, May 16, 2024 Shanghai DragonNet Technology Co.,Ltd., Annual General Meeting, May 16, 2024, at 14:30 China Standard Time. Location: Building 6, Phase 3, No. 1016, Tianlin Road, Minhang District, Shanghai China New Risk • Feb 05
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 7.4% 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 Earnings have declined by 41% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Announcement • Dec 30
Shanghai DragonNet Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Shanghai DragonNet Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.049 loss per share (vs CN¥0.001 loss in 3Q 2022) Third quarter 2023 results: CN¥0.049 loss per share (further deteriorated from CN¥0.001 loss in 3Q 2022). Revenue: CN¥71.3m (down 35% from 3Q 2022). Net loss: CN¥16.7m (loss widened CN¥16.3m from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.095 loss per share (vs CN¥0.039 loss in 2Q 2022) Second quarter 2023 results: CN¥0.095 loss per share (further deteriorated from CN¥0.039 loss in 2Q 2022). Revenue: CN¥68.2m (down 16% from 2Q 2022). Net loss: CN¥20.8m (loss widened 58% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. New Risk • Aug 18
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 6.4% 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 Earnings have declined by 31% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Apr 26
Full year 2022 earnings released: CN¥0.01 loss per share (vs CN¥0.13 profit in FY 2021) Full year 2022 results: CN¥0.01 loss per share (down from CN¥0.13 profit in FY 2021). Revenue: CN¥598.3m (up 10% from FY 2021). Net loss: CN¥3.08m (down 108% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Dongzhe Sun was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.001 loss per share (vs CN¥0.003 profit in 3Q 2021) Third quarter 2022 results: CN¥0.001 loss per share (down from CN¥0.003 profit in 3Q 2021). Revenue: CN¥110.2m (up 15% from 3Q 2021). Net loss: CN¥400.1k (down 147% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% 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. Board Change • Oct 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Dongzhe Sun was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CN¥0.039 loss per share (vs CN¥0.10 profit in 2Q 2021) Second quarter 2022 results: CN¥0.039 loss per share (down from CN¥0.10 profit in 2Q 2021). Revenue: CN¥80.8m (down 26% from 2Q 2021). Net loss: CN¥13.2m (down 201% from profit in 2Q 2021). 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 8% per year. Announcement • Jul 03
Shanghai Dragonnet Technology Co.,Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 7 July 2022 Shanghai DragonNet Technology Co.,Ltd. announced 2021 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included): CNY 0.26079000. Record date is 6 July 2022, Ex-date is 7 July 2022 and payment date is 7 July 2022. Announcement • Jun 02
Shanghai Dragonnet Technology Co.,Ltd. Announces Dividend for 2021 Shanghai DragonNet Technology Co.,Ltd. announced Cash dividend/10 shares (tax included) CNY 0.26000000 for 2021, at its Annual General Meeting of 2021 on 30 May 2022. Announcement • May 08
Shanghai DragonNet Technology Co.,Ltd. (SZSE:300245) announces an Equity Buyback for 12,800,000 shares, representing 4.08% for CNY 90 million. Shanghai DragonNet Technology Co.,Ltd. (SZSE:300245) announces a share repurchase program. Under the program, the company will repurchase up to 12,800,000 shares, representing 4.08% for CNY 90 million. The shares will be repurchased at a price of CNY 10 per share. The repurchase shares will be used to implement employee stock ownership plans or equity incentives. The company intends to repurchase shares with its own funds. The program will be valid for a period of 12 months. Announcement • Apr 28
Shanghai Dragonnet Technology Co.,Ltd. Proposes Cash Dividend for 2021 Shanghai DragonNet Technology Co.,Ltd. proposed cash dividend (tax included) of CNY 0.26000000 per ten shares for 2021. Reported Earnings • Apr 28
Full year 2021 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in FY 2020) Full year 2021 results: EPS: CN¥0.13 (up from CN¥0.12 in FY 2020). Revenue: CN¥542.1m (up 10% from FY 2020). Net income: CN¥40.1m (up 2.8% from FY 2020). Profit margin: 7.4% (down from 7.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥8.92, the stock trades at a trailing P/E ratio of 78.5x. Average trailing P/E is 42x in the IT industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥8.32, the stock trades at a trailing P/E ratio of 73.2x. Average trailing P/E is 49x in the IT industry in China. Negligible returns to shareholders over past three years. Board Change • Oct 31
High number of new directors Non-Independent Director Jiang Xu was the last director to join the board, commencing their role in 2021. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.003 (vs CN¥0.008 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¥95.5m (up 28% from 3Q 2020). Net income: CN¥856.1k (down 64% from 3Q 2020). Profit margin: 0.9% (down from 3.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.055 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥108.7m (up 2.0% from 2Q 2020). Net income: CN¥13.0m (down 18% from 2Q 2020). Profit margin: 12% (down from 15% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Jun 14
Upcoming dividend of CN¥0.025 per share Eligible shareholders must have bought the stock before 21 June 2021. Payment date: 21 June 2021. Trailing yield: 0.3%. Lower than top quartile of Chinese dividend payers (1.8%). Lower than average of industry peers (0.7%). Announcement • May 29
Shanghai DragonNet Technology Co.,Ltd. Approves Cash Dividend Shanghai DragonNet Technology Co.,Ltd. announced that at the AGM held on 27 May 2021, the company approved the cash dividend/10 shares (tax included): CNY 0.25000000. Announcement • Apr 27
Shanghai Dragonnet Technology Co.,Ltd. Announces the Profit Distribution Proposal for 2020 Shanghai DragonNet Technology Co.,Ltd. announced the profit distribution proposal for 2020. The company announced Cash dividend/10 shares (tax included) of CNY 0.25000000. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥0.11 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¥492.2m (up 17% from FY 2019). Net income: CN¥39.0m (up 16% from FY 2019). Profit margin: 7.9% (down from 8.0% 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 27% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥7.78 The company is down 34% from its price of CN¥11.73 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 23% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥8.72 The company is down 22% from its price of CN¥11.17 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also down 22% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥9.58 The company is down 22% from its price of CN¥12.24 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 IT industry, which is down 15% over the same period. Is New 90 Day High Low • Nov 26
New 90-day low: CN¥10.88 The company is down 12% from its price of CN¥12.34 on 28 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 13% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥26.5m, down 30% from the prior year. Total revenue was CN¥416.8m over the last 12 months, up 6.7% from the prior year. Announcement • Aug 11
Shanghai DragonNet Technology Co.,Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Shanghai DragonNet Technology Co.,Ltd. announced that they will report first half, 2020 results on Aug 27, 2020