Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥40.20, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 24x in the Tech industry in China. Total returns to shareholders of 67% over the past three years. Announcement • Jun 30
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2026 Results on Aug 20, 2026 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2026 results on Aug 20, 2026 Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.05 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.10 (up from CN¥0.05 in 1Q 2025). Revenue: CN¥108.4m (up 34% from 1Q 2025). Net income: CN¥17.8m (up 114% from 1Q 2025). Profit margin: 17% (up from 10% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
Chengdu Zhimingda Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Mar 25
Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, Apr 15, 2026 Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, Apr 15, 2026, at 14:30 China Standard Time. Location: Building 1, Zone T, No. 108, Jingye Road, Chengdu, Sichuan China New Risk • Jan 08
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 7.2% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 26
Chengdu Zhimingda Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.069 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.26 (up from CN¥0.069 loss in 3Q 2024). Revenue: CN¥216.8m (up 341% from 3Q 2024). Net income: CN¥43.7m (up CN¥54.5m from 3Q 2024). Profit margin: 20% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Chengdu Zhimingda Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Jul 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 25
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.074 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.074 in 2Q 2024). Revenue: CN¥214.1m (up 94% from 2Q 2024). Net income: CN¥30.0m (up 134% from 2Q 2024). Profit margin: 14% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Tech 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 1% per year, which means it has not declined as severely as earnings. Announcement • Jun 30
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2025 Results on Jul 25, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2025 results on Jul 25, 2025 Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.074 (vs CN¥0.099 loss in 1Q 2024) First quarter 2025 results: EPS: CN¥0.074 (up from CN¥0.099 loss in 1Q 2024). Revenue: CN¥80.7m (up 65% from 1Q 2024). Net income: CN¥8.32m (up CN¥19.4m from 1Q 2024). Profit margin: 10% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech 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 1% per year, which means it is well ahead of earnings. Announcement • Apr 25
Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, May 20, 2025 Chengdu Zhimingda Electronics Co., Ltd., Annual General Meeting, May 20, 2025, at 15:00 China Standard Time. Location: 12F, Building 1, Zone T, No. 108, Jingye Road, Chengdu, Sichuan China Announcement • Mar 28
Chengdu Zhimingda Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Feb 26
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.17 (down from CN¥0.86 in FY 2023). Revenue: CN¥437.9m (down 34% from FY 2023). Net income: CN¥19.3m (down 80% from FY 2023). Profit margin: 4.4% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 6.4%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jan 03
Now 20% undervalued Over the last 90 days, the stock has risen 3.2% to CN¥25.60. The fair value is estimated to be CN¥32.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 443% in the next 2 years. Announcement • Dec 27
Chengdu Zhimingda Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: CN¥0.10 loss per share (vs CN¥0.19 profit in 3Q 2023) Third quarter 2024 results: CN¥0.10 loss per share (down from CN¥0.19 profit in 3Q 2023). Revenue: CN¥49.2m (down 47% from 3Q 2023). Net loss: CN¥10.9m (down 151% from profit in 3Q 2023). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥24.80, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Tech industry in China. Total loss to shareholders of 61% over the past three years. New Risk • Sep 30
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 9.6% 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 (9.6% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Sep 30
Chengdu Zhimingda Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.22, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the Tech industry in China. Total loss to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥19.13, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Tech industry in China. Total loss to shareholders of 63% over the past three years. Announcement • Jun 28
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2024 Results on Jul 25, 2024 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2024 results on Jul 25, 2024 Announcement • Jun 20
Feng Jian completed the acquisition of 5.3161% stake in Chengdu Zhimingda Electronics Co., Ltd. (SHSE:688636) from Du Kecheng. Feng Jian signed the Stock Transfer Agreement to acquire 5.3161% stake in Chengdu Zhimingda Electronics Co., Ltd. (SHSE:688636) from Du Kecheng for CNY 110 million on April 19, 2024. As part of the transaction, Feng Jian ill acquire 5.96 million shares in Chengdu Zhimingda Electronics Co., Ltd. Feng Jian completed the acquisition of 5.3161% stake in Chengdu Zhimingda Electronics Co., Ltd. (SHSE:688636) from Du Kecheng on June 19, 2024. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥27.54, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 25x in the Tech industry in China. Total loss to shareholders of 47% over the past three years. Reported Earnings • Apr 17
First quarter 2024 earnings released: CN¥0.15 loss per share (vs CN¥0.02 loss in 1Q 2023) First quarter 2024 results: CN¥0.15 loss per share (further deteriorated from CN¥0.02 loss in 1Q 2023). Revenue: CN¥49.0m (down 28% from 1Q 2023). Net loss: CN¥11.1m (loss widened CN¥9.81m from 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥40.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Tech industry in China. Total loss to shareholders of 39% over the past year. Reported Earnings • Feb 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.28 (up from CN¥1.01 in FY 2022). Revenue: CN¥663.0m (up 23% from FY 2022). Net income: CN¥96.3m (up 28% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Tech industry in China. 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¥41.10, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Tech industry in China. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥54.50, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Tech industry in China. Total loss to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥56.01, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Tech industry in China. Total loss to shareholders of 44% 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: 20% 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 (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.067 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28 (up from CN¥0.067 loss in 3Q 2022). Revenue: CN¥93.5m (up 25% from 3Q 2022). Net income: CN¥21.4m (up CN¥26.4m from 3Q 2022). Profit margin: 23% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Tech industry in China. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥55.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Tech industry in China. Total loss to shareholders of 28% over the past year. Announcement • Jun 28
Chengdu Zhimingda Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 18, 2023 Chengdu Zhimingda Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 18, 2023 Reported Earnings • Apr 26
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: CN¥1.50 (down from CN¥2.43 in FY 2021). Revenue: CN¥540.9m (up 20% from FY 2021). Net income: CN¥75.4m (down 32% from FY 2021). Profit margin: 14% (down from 25% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Tech industry in China. Reported Earnings • Mar 01
Full year 2022 earnings released Full year 2022 results: Revenue: CN¥54.1k (down 100% from FY 2021). Net income: CN¥7.5k (down 100% from FY 2021). Profit margin: 14% (down from 25% in FY 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥116, the stock trades at a trailing P/E ratio of 66.9x. Average trailing P/E is 38x in the Tech industry in China. Total loss to shareholders of 9.9% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Xingwang Huang was the last independent director to join the board, commencing their role in 2019. 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: CN¥0.099 loss per share (vs CN¥0.45 profit in 3Q 2021) Third quarter 2022 results: CN¥0.099 loss per share (down from CN¥0.45 profit in 3Q 2021). Revenue: CN¥74.8m (down 25% from 3Q 2021). Net loss: CN¥4.99m (down 122% from profit in 3Q 2021). Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Tech industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥129, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Tech industry in China. Total loss to shareholders of 8.1% over the past year. Reported Earnings • Aug 23
Second quarter 2022 earnings released: EPS: CN¥0.80 (vs CN¥0.80 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.80 (up from CN¥0.80 in 2Q 2021). Revenue: CN¥169.8m (up 40% from 2Q 2021). Net income: CN¥40.8m (up 12% from 2Q 2021). Profit margin: 24% (down from 30% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 50%, compared to a 26% growth forecast for the Tech industry in China. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥146, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 24x in the Tech industry in China. Total loss to shareholders of 14% over the past year. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥131, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 23x in the Tech industry in China. Total loss to shareholders of 7.8% over the past year. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥101, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Tech industry in China. Total returns to shareholders of 26% over the past year. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.18 (down from CN¥0.25 in 1Q 2021). Revenue: CN¥100.9m (up 87% from 1Q 2021). Net income: CN¥8.81m (down 6.6% from 1Q 2021). Profit margin: 8.7% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 25%, compared to a 18% growth forecast for the industry in China. 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. 6 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). was the last director to join the board, commencing their role in . 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 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥2.43 (up from CN¥2.28 in FY 2020). Revenue: CN¥449.4m (up 38% from FY 2020). Net income: CN¥111.5m (up 30% from FY 2020). Profit margin: 25% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 22% growth forecast for the industry in China. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥2.43 (up from CN¥2.28 in FY 2020). Revenue: CN¥449.4m (up 38% from FY 2020). Net income: CN¥111.5m (up 30% from FY 2020). Profit margin: 25% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 28%, compared to a 26% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥101, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 29x in the Tech industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.77 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥100.3m (up 14% from 3Q 2020). Net income: CN¥22.6m (down 23% from 3Q 2020). Profit margin: 23% (down from 33% in 3Q 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥141, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 27x in the Tech industry in China. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥149, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 30x in the Tech industry in China. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥175, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 30x in the Tech industry in China.