New Risk • Jun 01
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 Risk Earnings have declined by 25% per year over the past 5 years. 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). Large one-off items impacting financial results. New Risk • May 29
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 Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥48.65, the stock trades at a trailing P/E ratio of 77.2x. Average forward P/E is 40x in the Electronic industry in China. Total returns to shareholders of 93% over the past three years. New Risk • Apr 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 87% 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 Earnings have declined by 25% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 20
First quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.18 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.19 (up from CN¥0.18 in 1Q 2025). Revenue: CN¥244.8m (up 14% from 1Q 2025). Net income: CN¥24.7m (up 2.9% from 1Q 2025). Profit margin: 10% (down from 11% in 1Q 2025). 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 increased by 4% per year, which means it is well ahead of earnings. Announcement • Apr 20
Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 08, 2026 Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 30
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 18, 2026 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Reported Earnings • Mar 05
Full year 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.57 in FY 2024) Full year 2025 results: EPS: CN¥0.60 (up from CN¥0.57 in FY 2024). Revenue: CN¥871.1m (up 18% from FY 2024). Net income: CN¥78.3m (up 2.2% from FY 2024). Profit margin: 9.0% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jan 06
New major risk - Revenue and earnings growth Earnings have declined by 21% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Dec 26
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Board Change • Dec 12
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 an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Yanjun Cui was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Oct 14
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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Announcement • Sep 30
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.051 (vs CN¥0.23 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.051 (down from CN¥0.23 in 2Q 2024). Revenue: CN¥201.2m (up 2.7% from 2Q 2024). Net income: CN¥6.83m (down 78% from 2Q 2024). Profit margin: 3.4% (down from 16% in 2Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥37.11, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 9.2% over the past three years. Announcement • May 17
Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 40 per share. The repurchased shares will be used for ESOP or equity incentives, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special stock repurchase loan provided by Shanghai Pudong Development Bank Co., Ltd. Beijing Branch. The program will be valid for 12 months. Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.14 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.14 in 1Q 2024). Revenue: CN¥214.2m (up 19% from 1Q 2024). Net income: CN¥24.0m (up 25% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Apr 26
Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 16, 2025 Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China New Risk • Apr 07
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 8.3% 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 Earnings have declined by 7.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥22.76, the stock trades at a trailing P/E ratio of 38.2x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 19% over the past three years. Announcement • Mar 28
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: CN¥0.59 (vs CN¥0.80 in FY 2023) Full year 2024 results: EPS: CN¥0.59 (down from CN¥0.80 in FY 2023). Revenue: CN¥748.1m (down 6.4% from FY 2023). Net income: CN¥79.3m (down 26% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Feb 05
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 2.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Announcement • Dec 27
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Announcement • Dec 10
Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing Bayi Space LCD Technology Co.,Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be purchased at a price not exceeding CNY 41 per share. The purpose of the program is to improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the employees, and jointly promote the company's long-term development. The repurchased shares will be used for employee stock ownership plans or equity incentive plans, otherwise will be cancelled if the company fails to transfer them within the time limit stipulated by relevant laws and regulations. The program will be funded from company's own funds and the special stock repurchase loan provided by CITIC Bank Beijing Branch. The program will be valid for 12 months. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥33.43, the stock trades at a trailing P/E ratio of 61x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 4.6% over the past three years. New Risk • Nov 27
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 12% 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 3.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥26.58, the stock trades at a trailing P/E ratio of 48.5x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.089 (vs CN¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.089 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥173.0m (down 21% from 3Q 2023). Net income: CN¥11.9m (down 72% from 3Q 2023). Profit margin: 6.9% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Oct 26
New major risk - Revenue and earnings growth Earnings have declined by 3.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.9% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥19.00, the stock trades at a trailing P/E ratio of 24.6x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years. Announcement • Sep 30
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 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¥19.77, the stock trades at a trailing P/E ratio of 25.6x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 40% over the past three years. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.27 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.27 in 2Q 2023). Revenue: CN¥195.8m (down 9.5% from 2Q 2023). Net income: CN¥30.5m (down 13% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 23% per year. Announcement • Jun 28
Beijing Bayi Space LCD Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.29, the stock trades at a trailing P/E ratio of 23.9x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 49% over the past three years. Announcement • Apr 29
Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 17, 2024 Beijing Bayi Space LCD Technology Co.,Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.14 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.14 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥179.7m (down 6.1% from 1Q 2023). Net income: CN¥19.2m (up 3.9% from 1Q 2023). Profit margin: 11% (up from 9.7% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year. Announcement • Mar 30
Beijing Bayi Space LCD Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Beijing Bayi Space LCD Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CN¥0.81 (vs CN¥1.53 in FY 2022) Full year 2023 results: EPS: CN¥0.81 (down from CN¥1.53 in FY 2022). Revenue: CN¥799.5m (down 14% from FY 2022). Net income: CN¥107.9m (down 47% from FY 2022). Profit margin: 14% (down from 22% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.75, the stock trades at a trailing P/E ratio of 20x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 44% over the past three years. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.35 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.32 (down from CN¥0.35 in 3Q 2022). Revenue: CN¥218.2m (up 5.7% from 3Q 2022). Net income: CN¥41.9m (down 11% from 3Q 2022). Profit margin: 19% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. New Risk • Aug 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (16% net profit margin). Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.49 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.27 (down from CN¥0.49 in 2Q 2022). Revenue: CN¥216.2m (down 17% from 2Q 2022). Net income: CN¥35.2m (down 46% from 2Q 2022). Profit margin: 16% (down from 25% in 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Beijing Bayi Space LCD Technology Co., Ltd. to Report First Half, 2023 Results on Aug 08, 2023 Beijing Bayi Space LCD Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 08, 2023 Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥35.77, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 27% over the past three years. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: CN¥2.14 (vs CN¥2.14 in FY 2021) Full year 2022 results: EPS: CN¥2.14 (in line with FY 2021). Revenue: CN¥934.3m (up 5.4% from FY 2021). Net income: CN¥203.9m (down 1.4% from FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: CN¥2.17 (vs CN¥2.14 in FY 2021) Full year 2022 results: EPS: CN¥2.17 (up from CN¥2.14 in FY 2021). Revenue: CN¥936.3m (up 5.6% from FY 2021). Net income: CN¥207.4m (flat on FY 2021). Profit margin: 22% (down from 23% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. 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. 3 non-independent directors. Independent Director Jin Lu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.68 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.49 (down from CN¥0.68 in 3Q 2021). Revenue: CN¥206.4m (down 9.8% from 3Q 2021). Net income: CN¥46.8m (down 28% from 3Q 2021). Profit margin: 23% (down from 29% in 3Q 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.57 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.68 (up from CN¥0.57 in 2Q 2021). Revenue: CN¥261.1m (up 21% from 2Q 2021). Net income: CN¥65.0m (up 18% from 2Q 2021). Profit margin: 25% (in line with 2Q 2021). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥41.39, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 33x in the Electronic industry in China. Total loss to shareholders of 22% over the past year. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.65 (vs CN¥0.50 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.65 (up from CN¥0.50 in 1Q 2021). Revenue: CN¥258.5m (up 25% from 1Q 2021). Net income: CN¥62.7m (up 30% from 1Q 2021). Profit margin: 24% (in line with 1Q 2021). Announcement • Mar 02
Beijing Bayi Space LCD Technology Co., Ltd. (SHSE:688181) announces an Equity Buyback for CNY 100 million worth of its shares. Beijing Bayi Space LCD Technology Co., Ltd. (SHSE:688181) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its common stock. The shares will be repurchased at a purchase price of CNY 60 per share. The purpose of the program is ESOP or equity incentives. The program will be valid for 12 months. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥2.14 (up from CN¥1.77 in FY 2020). Revenue: CN¥886.8m (up 37% from FY 2020). Net income: CN¥206.9m (up 21% from FY 2020). Profit margin: 23% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.68 (vs CN¥0.50 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¥228.8m (up 39% from 3Q 2020). Net income: CN¥65.5m (up 35% from 3Q 2020). Profit margin: 29% (in line with 3Q 2020). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.57 (vs CN¥0.48 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¥215.8m (up 44% from 2Q 2020). Net income: CN¥55.0m (up 20% from 2Q 2020). Profit margin: 26% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥1.77 (vs CN¥1.52 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥648.7m (up 51% from FY 2019). Net income: CN¥170.5m (up 55% from FY 2019). Profit margin: 26% (in line with FY 2019). Is New 90 Day High Low • Jan 29
New 90-day low: CN¥48.96 The company is down 23% from its price of CN¥63.61 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 Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥51.49 The company is down 23% from its price of CN¥66.70 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 Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥57.44 The company is down 13% from its price of CN¥66.09 on 11 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥61.41 The company is down 11% from its price of CN¥68.87 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Announcement • Jul 08
Beijing Bayi Space LCD Technology Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Beijing Bayi Space LCD Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020