Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥190, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 36x in the Electronic industry in China. Total returns to shareholders of 284% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥220 per share. Buy Or Sell Opportunity • May 08
Now 22% undervalued Over the last 90 days, the stock has risen 74% to CN¥173. The fair value is estimated to be CN¥221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last year. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 30% per annum. Earnings are also forecast to grow by 33% per annum over the same time period. Reported Earnings • May 01
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: CN¥0.93 (up from CN¥0.56 in 1Q 2025). Revenue: CN¥1.91b (up 71% from 1Q 2025). Net income: CN¥392.6m (up 63% from 1Q 2025). Profit margin: 21% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥133, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 187% over the past year. New Risk • Apr 08
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. 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). High level of non-cash earnings (40% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Mar 31
Delton Technology (Guangzhou) Inc. to Report Q1, 2026 Results on Apr 30, 2026 Delton Technology (Guangzhou) Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥99.03, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 58x in the Electronic industry in China. Total returns to shareholders of 86% over the past year. Announcement • Mar 20
Delton Technology (Guangzhou) Inc. has completed a Follow-on Equity Offering in the amount of HKD 3.30648 billion. Delton Technology (Guangzhou) Inc. has completed a Follow-on Equity Offering in the amount of HKD 3.30648 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 4,600,000
Price\Range: HKD 71.88
Discount Per Security: HKD 1.4376
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,725,500
Price\Range: HKD 71.88
Discount Per Security: HKD 1.4376
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,674,500
Price\Range: HKD 71.88
Discount Per Security: HKD 1.4376
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Announcement • Mar 12
Delton Technology (Guangzhou) Inc. has filed a Follow-on Equity Offering in the amount of HKD 3.30648 billion. Delton Technology (Guangzhou) Inc. has filed a Follow-on Equity Offering in the amount of HKD 3.30648 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 4,600,000
Price(maximum): HKD 71.88
Discount Per Security: HKD 1.4376
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,725,200
Price(maximum): HKD 71.88
Discount Per Security: HKD 1.4376
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 20,674,800
Price(maximum): HKD 71.88
Discount Per Security: HKD 1.4376
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering New Risk • Mar 03
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 7.7% 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 (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥118, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 91% over the past year. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥95.51, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 33x in the Electronic industry in China. Total returns to shareholders of 57% over the past year. Announcement • Dec 31
Delton Technology (Guangzhou) Inc. to Report Fiscal Year 2025 Results on Mar 28, 2026 Delton Technology (Guangzhou) Inc. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.54 (vs CN¥0.41 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.54 (up from CN¥0.41 in 3Q 2024). Revenue: CN¥1.41b (up 45% from 3Q 2024). Net income: CN¥232.2m (up 34% from 3Q 2024). Profit margin: 17% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥81.79, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 74% over the past year. Announcement • Sep 30
Delton Technology (Guangzhou) Inc. to Report Q3, 2025 Results on Oct 28, 2025 Delton Technology (Guangzhou) Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥76.20, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 123% over the past year. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.60 (vs CN¥0.41 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.60 (up from CN¥0.41 in 2Q 2024). Revenue: CN¥1.31b (up 42% from 2Q 2024). Net income: CN¥251.2m (up 44% from 2Q 2024). Profit margin: 19% (in line with 2Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. New Risk • Jul 17
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 7.1% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥66.18, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 44% over the past year. Announcement • Jul 02
Delton Technology (Guangzhou) Inc. to Report First Half, 2025 Results on Aug 28, 2025 Delton Technology (Guangzhou) Inc. announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥58.39, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 34% over the past year. Announcement • May 27
Delton Technology (Guangzhou) Inc. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2024, Payable on 30 May 2025 Delton Technology (Guangzhou) Inc. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 4.8 for the year 2024, payable on 30 May 2025. Record date is 29 May 2025. Ex-date is 30 May 2025. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.56 (vs CN¥0.38 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.56 (up from CN¥0.38 in 1Q 2024). Revenue: CN¥1.12b (up 42% from 1Q 2024). Net income: CN¥240.4m (up 66% from 1Q 2024). Profit margin: 22% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Announcement • Apr 23
Delton Technology (Guangzhou) Inc. Approves Cash Dividend for 2024 Delton Technology (Guangzhou) Inc. at its Annual General Meeting held on 21 April 2025 approved cash dividend of CNY 4.80000000 per 10 shares (tax included) for 2024. New Risk • Apr 03
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: 0.9% 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 High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (9.1% average weekly change). Announcement • Apr 02
Delton Technology (Guangzhou) Inc. Announces Profit Final Distribution for Year 2024 Delton Technology (Guangzhou) Inc. announced on 01 April 2025 the profit distribution proposal for 2024 as follows: final Cash dividend/10 shares (tax included): CNY 4.80000000. Announcement • Apr 01
Delton Technology (Guangzhou) Inc., Annual General Meeting, Apr 21, 2025 Delton Technology (Guangzhou) Inc., Annual General Meeting, Apr 21, 2025, at 15:00 China Standard Time. Location: No. 22, Baoying South Road, Guangzhou Free Trade Zone, Guangdong China Announcement • Mar 31
Delton Technology (Guangzhou) Inc. to Report Q1, 2025 Results on Apr 30, 2025 Delton Technology (Guangzhou) Inc. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Feb 05
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 8.7% 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 Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). High level of non-cash earnings (43% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Announcement • Dec 31
Delton Technology (Guangzhou) Inc. to Report Fiscal Year 2024 Results on Apr 01, 2025 Delton Technology (Guangzhou) Inc. announced that they will report fiscal year 2024 results on Apr 01, 2025 Announcement • Sep 30
Delton Technology (Guangzhou) Inc. to Report Q3, 2024 Results on Oct 30, 2024 Delton Technology (Guangzhou) Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Jun 29
Delton Technology (Guangzhou) Inc. to Report First Half, 2024 Results on Aug 17, 2024 Delton Technology (Guangzhou) Inc. announced that they will report first half, 2024 results on Aug 17, 2024 Announcement • Jun 26
Delton Technology (Guangzhou) Inc. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 01 July 2024 Delton Technology (Guangzhou) Inc. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 2.50000000 for the year 2023, payable on 01 July 2024. Record date is 28 June 2024. Ex-date is 01 July 2024. Announcement • Apr 30
Delton Technology (Guangzhou) Inc., Annual General Meeting, May 20, 2024 Delton Technology (Guangzhou) Inc., Annual General Meeting, May 20, 2024, at 10:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China 
