Announcement • Jun 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Announcement • Apr 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd., Annual General Meeting, May 20, 2026 Suzhou K-Hiragawa Electronic Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥0.08 (vs CN¥0.36 in FY 2024) Full year 2025 results: EPS: CN¥0.08 (down from CN¥0.36 in FY 2024). Revenue: CN¥924.1m (up 18% from FY 2024). Net income: CN¥15.8m (down 76% from FY 2024). Profit margin: 1.7% (down from 8.5% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 77% per year, which means it is well ahead of earnings. Announcement • Mar 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 New Risk • Jan 07
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 9.4% 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 (9.4% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. High level of non-cash earnings (43% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.8% net profit margin). Announcement • Dec 26
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2026 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Nov 03
Third quarter 2025 earnings released: CN¥0.001 loss per share (vs CN¥0.11 profit in 3Q 2024) Third quarter 2025 results: CN¥0.001 loss per share (down from CN¥0.11 profit in 3Q 2024). Revenue: CN¥246.1m (up 13% from 3Q 2024). Net loss: CN¥304.9k (down 101% from profit in 3Q 2024). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Sep 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 06
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 6.9% 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 Risks Earnings have declined by 14% per year over the past 5 years. High level of non-cash earnings (48% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Announcement • Jun 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 30
Full year 2024 earnings released: EPS: CN¥0.50 (vs CN¥0.71 in FY 2023) Full year 2024 results: EPS: CN¥0.50 (down from CN¥0.71 in FY 2023). Revenue: CN¥782.6m (up 8.2% from FY 2023). Net income: CN¥66.4m (down 30% from FY 2023). Profit margin: 8.5% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd., Annual General Meeting, May 20, 2025 Suzhou K-Hiragawa Electronic Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥29.23, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 8.7% over the past year. Announcement • Mar 28
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥40.65, the stock trades at a trailing P/E ratio of 70.3x. Average trailing P/E is 48x in the Electronic industry in China. Total returns to shareholders of 57% over the past year. New Risk • Oct 31
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 Paying a dividend despite having no free cash flows. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.16 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.16 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥218.2m (down 1.8% from 3Q 2023). Net income: CN¥21.3m (down 37% from 3Q 2023). Profit margin: 9.7% (down from 15% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥37.55, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 84% over the past year. Announcement • Sep 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Suzhou K-Hiragawa Electronic Technology Co., 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 20% After last week's 20% share price gain to CN¥31.36, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 41% over the past year. Announcement • Jun 29
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Announcement • Apr 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd., Annual General Meeting, May 20, 2024 Suzhou K-Hiragawa Electronic Technology Co., Ltd., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Kunshan, Jiangsu China Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: CN¥0.99 (vs CN¥2.03 in FY 2022) Full year 2023 results: EPS: CN¥0.99 (down from CN¥2.03 in FY 2022). Revenue: CN¥723.3m (down 20% from FY 2022). Net income: CN¥95.3m (down 40% from FY 2022). Profit margin: 13% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥36.46, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 40x in the Electronic industry in China. Negligible returns to shareholders over past year. Announcement • Mar 29
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.70, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 37x in the Electronic industry in China. Total returns to shareholders of 5.0% over the past year. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥30.53, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥38.79, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 9.0% over the past year. Buying Opportunity • Jan 08
Now 25% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be CN¥59.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 7.1%. Announcement • Dec 29
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to CN¥43.58, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 32% over the past year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.72 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.35 (down from CN¥0.72 in 3Q 2022). Revenue: CN¥222.3m (down 14% from 3Q 2022). Net income: CN¥33.9m (down 35% from 3Q 2022). Profit margin: 15% (down from 20% in 3Q 2022). The decrease in margin was driven by lower revenue. Announcement • Sep 30
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Jun 28
Suzhou K-Hiragawa Electronic Technology Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Suzhou K-Hiragawa Electronic Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 22
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 7.3% 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 (42% accrual ratio). Minor Risks Dividend is not well covered by cash flows (186% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥36.83, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 47x in the Electronic industry in China. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥2.84 (vs CN¥2.01 in FY 2021) Full year 2022 results: EPS: CN¥2.84 (up from CN¥2.01 in FY 2021). Revenue: CN¥905.3m (up 21% from FY 2021). Net income: CN¥158.5m (up 53% from FY 2021). Profit margin: 18% (up from 14% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥54.53, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 35x in the Electronic industry in China. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥1.01 (vs CN¥0.56 in 3Q 2021) Third quarter 2022 results: EPS: CN¥1.01 (up from CN¥0.56 in 3Q 2021). Revenue: CN¥258.4m (up 22% from 3Q 2021). Net income: CN¥52.1m (up 81% from 3Q 2021). Profit margin: 20% (up from 14% in 3Q 2021). The increase in margin was driven by higher revenue.