Announcement • Jun 30
NanJing GOVA Technology Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 NanJing GOVA Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Declared Dividend • Jun 22
Dividend of CN¥0.20 announced Dividend of CN¥0.20 is the same as last year. Ex-date: 25th June 2026 Payment date: 25th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (71% 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 decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 118% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Full year 2025 earnings released: EPS: CN¥0.32 (vs CN¥0.30 in FY 2024) Full year 2025 results: EPS: CN¥0.32 (up from CN¥0.30 in FY 2024). Revenue: CN¥405.7m (up 17% from FY 2024). Net income: CN¥59.9m (up 7.7% from FY 2024). Profit margin: 15% (down from 16% in FY 2024). 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 12% per year, which means it is well ahead of earnings. Announcement • Apr 25
NanJing GOVA Technology Co., Ltd., Annual General Meeting, May 27, 2026 NanJing GOVA Technology Co., Ltd., Annual General Meeting, May 27, 2026, at 14:00 China Standard Time. Location: 5F, No. 66, Xixia Avenue, Economic and Technological Development Zone, Xuzhou, Jiangsu China Announcement • Mar 30
NanJing GOVA Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 NanJing GOVA Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 New Risk • Mar 05
New major risk - Revenue and earnings growth Earnings have declined by 0.5% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Dec 26
NanJing GOVA Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 NanJing GOVA Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Dec 25
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 10% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.08 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.08 in 3Q 2024). Revenue: CN¥88.5m (flat on 3Q 2024). Net income: CN¥21.1m (up 44% from 3Q 2024). Profit margin: 24% (up from 16% in 3Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Announcement • Sep 30
NanJing GOVA Technology Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 NanJing GOVA Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jun 30
NanJing GOVA Technology Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 NanJing GOVA Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 23
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 24th June 2025 Payment date: 24th June 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 1.6% to bring the payout ratio under control. EPS is expected to grow by 134% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • May 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (12% net profit margin). Announcement • Apr 20
NanJing GOVA Technology Co., Ltd., Annual General Meeting, May 23, 2025 NanJing GOVA Technology Co., Ltd., Annual General Meeting, May 23, 2025, at 14:00 China Standard Time. Location: 5F, No. 66, Xixia Avenue, Economic and Technological Development Zone, Xuzhou, Jiangsu China Reported Earnings • Apr 19
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.30 (down from CN¥0.56 in FY 2023). Revenue: CN¥345.8m (up 1.3% from FY 2023). Net income: CN¥55.6m (down 42% from FY 2023). Profit margin: 16% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 22%. Earnings per share (EPS) also missed analyst estimates by 59%. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Announcement • Mar 28
NanJing GOVA Technology Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 NanJing GOVA Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 26
Full year 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.56 in FY 2023) Full year 2024 results: EPS: CN¥0.32 (down from CN¥0.56 in FY 2023). Revenue: CN¥355.3m (up 4.1% from FY 2023). Net income: CN¥59.6m (down 38% from FY 2023). Profit margin: 17% (down from 28% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Dec 27
NanJing GOVA Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 NanJing GOVA Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 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¥24.44, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 19% over the past year. Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: CN¥0.08 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.08 (down from CN¥0.11 in 3Q 2023). Revenue: CN¥89.3m (up 13% from 3Q 2023). Net income: CN¥14.6m (down 28% from 3Q 2023). Profit margin: 16% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥23.30, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 16% over the past year. 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 7.0% 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 (27% 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
NanJing GOVA Technology Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 NanJing GOVA Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥22.76, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 23% over the past year. Announcement • Jun 29
NanJing GOVA Technology Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 NanJing GOVA Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to CN¥29.84, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 31% over the past year. Announcement • Apr 29
NanJing GOVA Technology Co., Ltd., Annual General Meeting, May 24, 2024 NanJing GOVA Technology Co., Ltd., Annual General Meeting, May 24, 2024, at 14:00 China Standard Time. Location: 5F, No. 66, Xixia Avenue, Economic and Technological Development Zone, Xuzhou, Jiangsu China Announcement • Mar 30
NanJing GOVA Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 NanJing GOVA Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Minor Risk Short dividend paying track record (1 year of continuous dividend payments). New Risk • Aug 31
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (6.5% average weekly change). New Risk • Aug 10
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2021. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (6.4% average weekly change). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥43.54, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 43x in the Electronic industry in China.