Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥12.11, the stock trades at a trailing P/E ratio of 65.6x. Average trailing P/E is 98x in the IT industry in China. Total returns to shareholders of 16% over the past three years. New Risk • Apr 21
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: 0.5% 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 Risks Earnings have declined by 11% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Apr 15
Beijing Advanced Digital Technology Co., Ltd, Annual General Meeting, May 07, 2026 Beijing Advanced Digital Technology Co., Ltd, Annual General Meeting, May 07, 2026, at 15:00 China Standard Time. Location: 4F, Tower B, No. 1, Chedaogou, Haidian District, Beijing China Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.09 in FY 2024) Full year 2025 results: EPS: CN¥0.28 (up from CN¥0.09 in FY 2024). Revenue: CN¥3.58b (up 62% from FY 2024). Net income: CN¥119.4m (up 210% from FY 2024). Profit margin: 3.3% (up from 1.7% in FY 2024). The increase in margin was driven by higher revenue. 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 8% per year, which means it is well ahead of earnings. Announcement • Mar 31
Beijing Advanced Digital Technology Co., Ltd to Report Q1, 2026 Results on Apr 24, 2026 Beijing Advanced Digital Technology Co., Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Beijing Advanced Digital Technology Co., Ltd to Report Fiscal Year 2025 Results on Apr 15, 2026 Beijing Advanced Digital Technology Co., Ltd announced that they will report fiscal year 2025 results on Apr 15, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.057 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.057 in 3Q 2024). Revenue: CN¥893.5m (up 86% from 3Q 2024). Net income: CN¥23.5m (down 5.3% from 3Q 2024). Profit margin: 2.6% (down from 5.2% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Sep 30
Beijing Advanced Digital Technology Co., Ltd to Report Q3, 2025 Results on Oct 30, 2025 Beijing Advanced Digital Technology Co., Ltd announced that they will report Q3, 2025 results on Oct 30, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.028 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.08 (up from CN¥0.028 in 2Q 2024). Revenue: CN¥850.6m (up 29% from 2Q 2024). Net income: CN¥33.0m (up 202% from 2Q 2024). Profit margin: 3.9% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Jul 02
Beijing Advanced Digital Technology Co., Ltd to Report First Half, 2025 Results on Aug 19, 2025 Beijing Advanced Digital Technology Co., Ltd announced that they will report first half, 2025 results on Aug 19, 2025 Announcement • Apr 16
Beijing Advanced Digital Technology Co., Ltd Proposes Final Cash Dividend for the Year 2024 Beijing Advanced Digital Technology Co. Ltd. proposed final cash dividend/10 shares (tax included) of CNY 0.18000000 for the year 2024. Reported Earnings • Apr 15
Full year 2024 earnings released: EPS: CN¥0.09 (vs CN¥0.39 in FY 2023) Full year 2024 results: EPS: CN¥0.09 (down from CN¥0.39 in FY 2023). Revenue: CN¥2.22b (down 19% from FY 2023). Net income: CN¥38.5m (down 76% from FY 2023). Profit margin: 1.7% (down from 5.8% in FY 2023). 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. Announcement • Apr 15
Beijing Advanced Digital Technology Co., Ltd, Annual General Meeting, May 07, 2025 Beijing Advanced Digital Technology Co., Ltd, Annual General Meeting, May 07, 2025, at 15:00 China Standard Time. Location: 4F, Tower B, No. 1, Chedaogou, Haidian District, Beijing China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥10.52, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 82x in the IT industry in China. Total loss to shareholders of 7.1% over the past three years. Announcement • Mar 31
Beijing Advanced Digital Technology Co., Ltd to Report Q1, 2025 Results on Apr 28, 2025 Beijing Advanced Digital Technology Co., Ltd announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Mar 06
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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Profit margins are more than 30% lower than last year (3.3% net profit margin). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.10, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 88x in the IT industry in China. Negligible returns to shareholders over past three years. New Risk • Jan 06
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 12% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Profit margins are more than 30% lower than last year (3.3% net profit margin). Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥11.25, the stock trades at a trailing P/E ratio of 54.8x. Average trailing P/E is 62x in the IT industry in China. Total returns to shareholders of 7.6% over the past three years. Announcement • Dec 31
Beijing Advanced Digital Technology Co., Ltd to Report Fiscal Year 2024 Results on Apr 15, 2025 Beijing Advanced Digital Technology Co., Ltd announced that they will report fiscal year 2024 results on Apr 15, 2025 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥11.97, the stock trades at a trailing P/E ratio of 58.3x. Average trailing P/E is 74x in the IT industry in China. Total returns to shareholders of 24% over the past three years. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ranran Wang 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. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.057 (vs CN¥0.069 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.057 (down from CN¥0.069 in 3Q 2023). Revenue: CN¥480.3m (up 3.2% from 3Q 2023). Net income: CN¥24.9m (down 11% from 3Q 2023). Profit margin: 5.2% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 13% per year, which means it is well ahead of earnings. Announcement • Oct 15
Beijing Advanced Digital Technology Co., Ltd Approves Board Elections Beijing Advanced Digital Technology Co. Ltd. announced at second extraordinary general meeting of 2024 held on 11 October 2024, the shareholders elected Liu Zhigang and Zhang Daji as non-independent directors; Shi Yuliang, Wang Ranran and Zhang Chenyu as independent directors of the company. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.4% 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 High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Announcement • Sep 30
Beijing Advanced Digital Technology Co., Ltd to Report Q3, 2024 Results on Oct 25, 2024 Beijing Advanced Digital Technology Co., Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥11.95, the stock trades at a trailing P/E ratio of 56.2x. Average trailing P/E is 59x in the IT industry in China. Total returns to shareholders of 17% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.028 (down from CN¥0.22 in 2Q 2023). Revenue: CN¥658.2m (down 10% from 2Q 2023). Net income: CN¥10.9m (down 84% from 2Q 2023). Profit margin: 1.7% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue. 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 9% per year. Declared Dividend • May 23
Dividend increased to CN¥0.12 Dividend of CN¥0.12 is 20% higher than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (24% 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 17% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 21% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
Full year 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.35 in FY 2022) Full year 2023 results: EPS: CN¥0.50 (up from CN¥0.35 in FY 2022). Revenue: CN¥2.74b (down 2.4% from FY 2022). Net income: CN¥157.9m (up 48% from FY 2022). Profit margin: 5.8% (up from 3.8% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Announcement • Mar 30
Beijing Advanced Digital Technology Co., Ltd to Report Q1, 2024 Results on Apr 25, 2024 Beijing Advanced Digital Technology Co., Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥13.90, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 48x in the IT industry in China. Total returns to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥11.43, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 46x in the IT industry in China. Total returns to shareholders of 14% over the past three years. Announcement • Jan 30
Beijing Advanced Digital Technology Co., Ltd announced that it has received CNY 250 million in funding from CITIC Securities Company Limited, Ningbo Jiatouyuan Equity Investment Partnership Enterprise (Limited Partnership), Caitong Fund Management Co., Ltd., Nuode Asset Management Co., Ltd. On January 29, 2024, Beijing Advanced Digital Technology Co., Ltd closed the transaction. The company has paid issuance expenses of CNY 5,037,745.74 and net proceeds is CNY 244,962,254.14. Announcement • Dec 29
Beijing Advanced Digital Technology Co., Ltd to Report Fiscal Year 2023 Results on Apr 12, 2024 Beijing Advanced Digital Technology Co., Ltd announced that they will report fiscal year 2023 results on Apr 12, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.051 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.09 (up from CN¥0.051 in 3Q 2022). Revenue: CN¥465.2m (down 28% from 3Q 2022). Net income: CN¥28.0m (up 95% from 3Q 2022). Profit margin: 6.0% (up from 2.2% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • Sep 30
Beijing Advanced Digital Technology Co., Ltd to Report Q3, 2023 Results on Oct 26, 2023 Beijing Advanced Digital Technology Co., Ltd announced that they will report Q3, 2023 results on Oct 26, 2023 New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.04 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.04 in 2Q 2022). Revenue: CN¥734.2m (up 45% from 2Q 2022). Net income: CN¥66.7m (up 438% from 2Q 2022). Profit margin: 9.1% (up from 2.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥18.22, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 57x in the IT industry in China. Total returns to shareholders of 9.6% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥14.54, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 58x in the IT industry in China. Total returns to shareholders of 19% over the past three years. Announcement • May 09
Beijing Advanced Digital Technology Co., Ltd announced that it expects to receive CNY 250 million in funding Beijing Advanced Digital Technology Co., Ltd. announced that it will issue shares for gross proceeds of up to CNY 250 million on May 7, 2023. Reported Earnings • Apr 13
Full year 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.51 in FY 2021) Full year 2022 results: EPS: CN¥0.35 (down from CN¥0.51 in FY 2021). Revenue: CN¥2.81b (down 28% from FY 2021). Net income: CN¥106.6m (down 32% from FY 2021). Profit margin: 3.8% (down from 4.0% in FY 2021). The decrease in margin was driven by lower revenue. 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 4% per year. 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. 6 experienced directors. 5 highly experienced directors. Independent Director Hongying Xiao 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 27
Third quarter 2022 earnings released: EPS: CN¥0.051 (vs CN¥0.073 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.051 (up from CN¥0.073 loss in 3Q 2021). Revenue: CN¥644.8m (up 13% from 3Q 2021). Net income: CN¥14.4m (up CN¥37.6m from 3Q 2021). Profit margin: 2.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.85, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 44x in the IT industry in China. Total returns to shareholders of 7.2% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.27 in 2Q 2021). Revenue: CN¥521.5m (down 68% from 2Q 2021). Net income: CN¥36.0m (down 55% from 2Q 2021). Profit margin: 6.9% (up from 4.9% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Beijing Advanced Digital Technology Co., Ltd Announces Final Cash Dividend on A Shares, Payable on 24 May 2022 Beijing Advanced Digital Technology Co. Ltd. implemented 2021 final profit distribution plan (A shares) of Cash dividend/10 shares (tax included) CNY 0.80000000. Record date is 23 May 2022, Ex-date is 24 May 2022, Payment date is 24 May 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Director Hongying Xiao was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 12
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: CN¥0.51 (up from CN¥0.45 in FY 2020). Revenue: CN¥3.91b (down 13% from FY 2020). Net income: CN¥155.8m (up 13% from FY 2020). Profit margin: 4.0% (up from 3.1% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. 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¥17.52, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 45x in the IT industry in China. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥17.67, the stock trades at a trailing P/E ratio of 39.7x. Average trailing P/E is 52x in the IT industry in China. Total returns to shareholders of 116% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: CN¥0.073 loss per share (vs CN¥0.069 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥572.7m (down 46% from 3Q 2020). Net loss: CN¥23.3m (down 207% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥11.81, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 44x in the IT industry in China. Total returns to shareholders of 56% over the past three years. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.18 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¥1.63b (up 458% from 2Q 2020). Net income: CN¥80.3m (up 51% from 2Q 2020). Profit margin: 4.9% (down from 18% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥16.63, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 46x in the IT industry in China. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥12.90, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 42x in the IT industry in China. Total loss to shareholders of 4.1% over the past three years. Announcement • May 14
Beijing Advanced Digital Technology Co., Ltd. Announces Implementation of A Shares Final Distribution for 2020, Payable on 19 May 2021 Beijing Advanced Digital Technology Co., Ltd. announced implementation of A shares final distribution for 2020 of CNY 0.9000000, payable on 19 May 2021 with a record date of 18 May 2021 and ex-date of 19 May 2021. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.042 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: CN¥567.8m (down 9.5% from 1Q 2020). Net income: CN¥26.5m (up 167% from 1Q 2020). Profit margin: 4.7% (up from 1.6% in 1Q 2020). The increase in margin was driven by lower expenses. 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 07
Full year 2020 earnings released: EPS CN¥0.59 (vs CN¥0.30 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¥4.49b (up 151% from FY 2019). Net income: CN¥138.1m (up 95% from FY 2019). Profit margin: 3.1% (down from 4.0% 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 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Beijing Advanced Digital Technology Co., Ltd. to Report Fiscal Year 2020 Results on Apr 07, 2021 Beijing Advanced Digital Technology Co., Ltd. announced that they will report fiscal year 2020 results on Apr 07, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥14.56 The company is down 38% from its price of CN¥23.42 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 25% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥16.66 The company is down 27% from its price of CN¥22.96 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 22% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥19.48 The company is down 5.0% from its price of CN¥20.51 on 10 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 15% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥116.1m, up 70% from the prior year. Total revenue was CN¥2.70b over the last 12 months, up 66% from the prior year. Announcement • Oct 20
Beijing Advanced Digital Technology Co., Ltd. to Report Q3, 2020 Results on Oct 27, 2020 Beijing Advanced Digital Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 27, 2020 Valuation Update With 7 Day Price Move • Oct 16
Market bids up stock over the past week After last week's 16% share price gain to CN¥25.13, the stock is trading at a trailing P/E ratio of 53.7x, up from the previous P/E ratio of 46.1x. This compares to an average P/E of 65x in the IT industry in China. Total returns to shareholders over the past three years are 80%. Is New 90 Day High Low • Oct 14
New 90-day high: CN¥25.23 The company is up 34% from its price of CN¥18.87 on 16 July 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 5.0% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: CN¥24.30 The company is up 36% from its price of CN¥17.86 on 19 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 5.0% over the same period. Announcement • Aug 06
Beijing Advanced Digital Technology Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Beijing Advanced Digital Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020