Declared Dividend • May 11
Dividend increased to CN¥0.45 Dividend of CN¥0.45 is 29% higher than last year. Ex-date: 15th May 2026 Payment date: 15th May 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥16.89, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 67x in the Electronic industry in China. Total returns to shareholders of 47% over the past three years. Announcement • Mar 30
Beijing Dahao Technology Corp.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Beijing Dahao Technology Corp.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: CN¥0.64 (vs CN¥0.53 in FY 2024) Full year 2025 results: EPS: CN¥0.64 (up from CN¥0.53 in FY 2024). Revenue: CN¥3.00b (up 19% from FY 2024). Net income: CN¥710.1m (up 22% from FY 2024). Profit margin: 24% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 24
Beijing Dahao Technology Corp.,Ltd, Annual General Meeting, Apr 15, 2026 Beijing Dahao Technology Corp.,Ltd, Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Dec 26
Beijing Dahao Technology Corp.,Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026 Beijing Dahao Technology Corp.,Ltd announced that they will report fiscal year 2025 results on Mar 25, 2026 Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.87, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 60x in the Electronic industry in China. Total returns to shareholders of 48% over the past three years. Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥744.8m (up 23% from 3Q 2024). Net income: CN¥202.0m (up 18% from 3Q 2024). Profit margin: 27% (down from 28% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Beijing Dahao Technology Corp.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Beijing Dahao Technology Corp.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.16 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.21 (up from CN¥0.16 in 2Q 2024). Revenue: CN¥757.9m (up 14% from 2Q 2024). Net income: CN¥230.4m (up 33% from 2Q 2024). Profit margin: 30% (up from 26% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% 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 • Aug 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥17.20, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 8.6% over the past three years. Announcement • Jun 30
Beijing Dahao Technology Corp.,Ltd to Report First Half, 2025 Results on Aug 15, 2025 Beijing Dahao Technology Corp.,Ltd announced that they will report first half, 2025 results on Aug 15, 2025 New Risk • May 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Dividend is not well covered by cash flows (248% cash payout ratio). Announcement • Mar 28
Beijing Dahao Technology Corp.,Ltd to Report Q1, 2025 Results on Apr 22, 2025 Beijing Dahao Technology Corp.,Ltd announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Mar 21
Beijing Dahao Technology Corp.,Ltd, Annual General Meeting, Apr 18, 2025 Beijing Dahao Technology Corp.,Ltd, Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Dec 27
Beijing Dahao Technology Corp.,Ltd to Report Fiscal Year 2024 Results on Mar 21, 2025 Beijing Dahao Technology Corp.,Ltd announced that they will report fiscal year 2024 results on Mar 21, 2025 Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.10 in 3Q 2023). Revenue: CN¥604.6m (up 27% from 3Q 2023). Net income: CN¥170.7m (up 56% from 3Q 2023). Profit margin: 28% (up from 23% in 3Q 2023). The increase in margin 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 fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Beijing Dahao Technology Corp.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Beijing Dahao Technology Corp.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥13.70, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.092 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.16 (up from CN¥0.092 in 2Q 2023). Revenue: CN¥666.2m (up 31% from 2Q 2023). Net income: CN¥173.1m (up 59% from 2Q 2023). Profit margin: 26% (up from 21% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Beijing Dahao Technology Corp.,Ltd to Report First Half, 2024 Results on Aug 16, 2024 Beijing Dahao Technology Corp.,Ltd announced that they will report first half, 2024 results on Aug 16, 2024 Declared Dividend • Jun 06
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 26
Beijing Dahao Technology Corp.,Ltd, Annual General Meeting, May 15, 2024 Beijing Dahao Technology Corp.,Ltd, Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Beijing China Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥13.44, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. Announcement • Mar 29
Beijing Dahao Technology Corp.,Ltd to Report Q1, 2024 Results on Apr 25, 2024 Beijing Dahao Technology Corp.,Ltd announced that they will report Q1, 2024 results on Apr 25, 2024 New Risk • Mar 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 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¥9.00, the stock trades at a trailing P/E ratio of 25.2x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 49% over the past three years. Announcement • Dec 29
Beijing Dahao Technology Corp.,Ltd to Report Fiscal Year 2023 Results on Apr 25, 2024 Beijing Dahao Technology Corp.,Ltd announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10. Revenue: CN¥476.0m (up 22% from 3Q 2022). Net income: CN¥109.5m (flat on 3Q 2022). Profit margin: 23% (down from 28% in 3Q 2022). The decrease in margin was driven by higher expenses. New Risk • Oct 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Sep 30
Beijing Dahao Technology Corp.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Beijing Dahao Technology Corp.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥17.23, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 133% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.39 in FY 2021) Full year 2022 results: EPS: CN¥0.47 (up from CN¥0.39 in FY 2021). Revenue: CN¥1.60b (up 6.2% from FY 2021). Net income: CN¥436.2m (up 22% from FY 2021). Profit margin: 27% (up from 24% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 32% per year. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥22.60, the stock trades at a trailing P/E ratio of 53.2x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 165% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Qun Mao was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.10 in 3Q 2021). Revenue: CN¥391.4m (up 7.8% from 3Q 2021). Net income: CN¥109.7m (up 13% from 3Q 2021). Profit margin: 28% (up from 27% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 26% per year. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.14 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.14 in 2Q 2021). Revenue: CN¥348.5m (down 24% from 2Q 2021). Net income: CN¥141.7m (up 17% from 2Q 2021). Profit margin: 41% (up from 27% 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 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
Beijing Dahao Technology Corp.,Ltd (SHSE:603025) completed the acquisition of 60% stake in NEXSEC Incorporated from NEXCOM International Co., Ltd. (TPEX:8234) and Zhuhai Xinxin Management Consulting Partnership Enterprise (Limited Partnership) for CNY 270 million. Beijing Dahao Technology Corp.,Ltd (SHSE:603025) entered into agreement to acquire 60% stake in NEXSEC Incorporated from NEXCOM International Co., Ltd. (TPEX:8234) and Zhuhai Xinxin Management Consulting Partnership Enterprise (Limited Partnership) for CNY 270 million on July 27, 2022. NEXSEC Incorporated generated Total assets of CNY 279.17 million and Net assets of CNY 107.91 million for March 31, 2022. Beijing Dahao Technology Corp., Ltd. Board of directors approved the transaction.
Beijing Dahao Technology Corp.,Ltd (SHSE:603025) completed the acquisition of 60% stake in NEXSEC Incorporated from NEXCOM International Co., Ltd. (TPEX:8234) and Zhuhai Xinxin Management Consulting Partnership Enterprise (Limited Partnership) for CNY 270 million on August 3, 2022. Announcement • Jul 30
Beijing Dahao Technology Corp.,Ltd (SHSE:603025) entered into agreement to acquire 60% stake in NEXSEC Incorporated from NEXCOM International Co., Ltd. (TPEX:8234) and Zhuhai Xinxin Management Consulting Partnership Enterprise (Limited Partnership) for CNY 270 million. Beijing Dahao Technology Corp.,Ltd (SHSE:603025) entered into agreement to acquire 60% stake in NEXSEC Incorporated from NEXCOM International Co., Ltd. (TPEX:8234) and Zhuhai Xinxin Management Consulting Partnership Enterprise (Limited Partnership) for CNY 270 million on July 27, 2022. NEXSEC Incorporated generated Total assets of CNY 279.17 million and Net assets of CNY 107.91 million for March 31, 2022. Beijing Dahao Technology Corp., Ltd. Board of directors approved the transaction. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.28, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 30x in the Electronic industry in China. Total returns to shareholders of 135% over the past three years. Valuation Update With 7 Day Price Move • May 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥17.33, the stock trades at a trailing P/E ratio of 44.5x. Average trailing P/E is 29x in the Electronic industry in China. Total returns to shareholders of 69% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.08 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.08 in 1Q 2021). Revenue: CN¥397.6m (up 6.9% from 1Q 2021). Net income: CN¥79.6m (up 2.9% from 1Q 2021). Profit margin: 20% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Jun Du 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 • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.39 (up from CN¥0.23 in FY 2020). Revenue: CN¥1.50b (up 81% from FY 2020). Net income: CN¥359.0m (up 68% from FY 2020). Profit margin: 24% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 22
Beijing Dahao Technology Corp.,Ltd announced that it expects to receive CNY 20 million in funding from Hunan Junxi High-tech Industry Fund Partnership (Limited Partnership) Beijing Dahao Technology Corp.,Ltd announced a private placement of CNY 20,000,000 in an equity round of funding from new investor Hunan Junxi High-tech Industry Fund Partnership (Limited Partnership) on December 21, 2021. The transaction was approved by the board of directors of the company at its sixth interim meeting of the fourth directorate. The funding is being raised at a post-money valuation of CNY 470,000,000. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.05 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥363.1m (up 73% from 3Q 2020). Net income: CN¥97.5m (up 104% from 3Q 2020). Profit margin: 27% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Jul 21
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.04 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥458.0m (up 222% from 2Q 2020). Net income: CN¥120.9m (up 252% from 2Q 2020). Profit margin: 26% (up from 24% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Announcement • Jun 05
Beijing Dahao Technology Corp.,Ltd announced that it expects to receive CNY 5.2 billion in funding Beijing Dahao Technology Corp.,Ltd (SHSE:603025) announced a private placement of common shares for up to CNY 5.2 billion on June 4, 2021. Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥371.7m (up 78% from 1Q 2020). Net income: CN¥77.3m (up 116% from 1Q 2020). Profit margin: 21% (up from 17% 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 33% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Mar 05
Beijing Dahao Technology Corp.,Ltd to Report Fiscal Year 2020 Results on Mar 30, 2021 Beijing Dahao Technology Corp.,Ltd announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: CN¥30.00 The company is up 246% from its price of CN¥8.67 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: CN¥14.00 The company is up 18% from its price of CN¥11.91 on 15 September 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period. Valuation Update With 7 Day Price Move • Dec 09
Market bids up stock over the past week After last week's 21% share price gain to CN¥10.52, the stock is trading at a trailing P/E ratio of 58.4x, up from the previous P/E ratio of 48.2x. This compares to an average P/E of 46x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 20%. Is New 90 Day High Low • Oct 31
New 90-day low: CN¥7.71 The company is down 4.0% from its price of CN¥8.05 on 31 July 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% 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¥163.9m, down 35% from the prior year. Total revenue was CN¥792.4m over the last 12 months, down 16% from the prior year. Announcement • Oct 20
Beijing Dahao Technology Corp.,Ltd to Report Q3, 2020 Results on Oct 27, 2020 Beijing Dahao Technology Corp.,Ltd announced that they will report Q3, 2020 results on Oct 27, 2020 Announcement • Jul 09
Beijing Dahao Technology Corp.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Beijing Dahao Technology Corp.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020