Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥47.30, the stock trades at a trailing P/E ratio of 75.7x. Average trailing P/E is 59x in the Electronic industry in China. Total returns to shareholders of 102% over the past three years. Declared Dividend • Jul 06
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 8th July 2026 Payment date: 8th July 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (32% 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 increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
CASTECH Inc. to Report First Half, 2026 Results on Aug 28, 2026 CASTECH Inc. announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • May 29
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 (28% accrual ratio). New Risk • Apr 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% 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 (28% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.3% average weekly change). Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.59 (vs CN¥0.47 in FY 2024) Full year 2025 results: EPS: CN¥0.59 (up from CN¥0.47 in FY 2024). Revenue: CN¥1.16b (up 32% from FY 2024). Net income: CN¥278.6m (up 27% from FY 2024). Profit margin: 24% (in line with FY 2024). 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 53% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
CASTECH Inc., Annual General Meeting, May 20, 2026 CASTECH Inc., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Announcement • Mar 31
CASTECH Inc. to Report Q1, 2026 Results on Apr 29, 2026 CASTECH Inc. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: CN¥0.56 (vs CN¥0.47 in FY 2024) Full year 2025 results: EPS: CN¥0.56 (up from CN¥0.47 in FY 2024). Revenue: CN¥1.16b (up 32% from FY 2024). Net income: CN¥262.3m (up 20% from FY 2024). Profit margin: 23% (down from 25% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 31
CASTECH Inc. to Report Fiscal Year 2025 Results on Apr 24, 2026 CASTECH Inc. announced that they will report fiscal year 2025 results on Apr 24, 2026 Declared Dividend • Dec 22
Dividend of CN¥0.10 announced Dividend of CN¥0.10 is the same as last year. Ex-date: 25th December 2025 Payment date: 25th December 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but not covered by cash flows (137% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.12 in 3Q 2024). Revenue: CN¥323.1m (up 43% from 3Q 2024). Net income: CN¥89.8m (up 54% from 3Q 2024). Profit margin: 28% (up from 26% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
CASTECH Inc. to Report Q3, 2025 Results on Oct 29, 2025 CASTECH Inc. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 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 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: Minor Risks Dividend is not well covered by cash flows (141% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Aug 28
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥279.9m (up 21% from 2Q 2024). Net income: CN¥78.2m (up 28% from 2Q 2024). Profit margin: 28% (up from 26% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Declared Dividend • Jul 07
Dividend of CN¥0.10 announced Shareholders will receive a dividend of CN¥0.10. Ex-date: 9th July 2025 Payment date: 9th July 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 23% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 02
CASTECH Inc. to Report First Half, 2025 Results on Aug 28, 2025 CASTECH Inc. announced that they will report first half, 2025 results on Aug 28, 2025 Reported Earnings • Apr 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.47 (up from CN¥0.45 in FY 2023). Revenue: CN¥875.7m (up 12% from FY 2023). Net income: CN¥218.8m (up 4.6% from FY 2023). Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 25% 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 increased by 1% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 29
CASTECH Inc., Annual General Meeting, May 20, 2025 CASTECH Inc., Annual General Meeting, May 20, 2025, at 14:00 China Standard Time. Announcement • Mar 31
CASTECH Inc. to Report Q1, 2025 Results on Apr 29, 2025 CASTECH Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: CN¥0.47 (vs CN¥0.45 in FY 2023) Full year 2024 results: EPS: CN¥0.47 (up from CN¥0.45 in FY 2023). Revenue: CN¥875.7m (up 12% from FY 2023). Net income: CN¥218.8m (up 4.6% from FY 2023). Profit margin: 25% (down from 27% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% 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 increased by 1% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 31
CASTECH Inc. to Report Fiscal Year 2024 Results on Apr 29, 2025 CASTECH Inc. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.55, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 124% over the past three years. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥32.39, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 117% over the past three years. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥225.6m (up 9.0% from 3Q 2023). Net income: CN¥58.4m (up 9.5% from 3Q 2023). Profit margin: 26% (in line with 3Q 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 increased by 3% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
CASTECH Inc. to Report Q3, 2024 Results on Oct 30, 2024 CASTECH Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥26.79, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 106% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.12 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.13 (up from CN¥0.12 in 2Q 2023). Revenue: CN¥231.9m (up 21% from 2Q 2023). Net income: CN¥61.3m (up 6.8% from 2Q 2023). Profit margin: 26% (down from 30% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% 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 increased by 5% per year whereas the company’s share price has increased by 10% per year. Buy Or Sell Opportunity • Aug 29
Now 22% overvalued Over the last 90 days, the stock has fallen 12% to CN¥20.37. The fair value is estimated to be CN¥16.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 5.2%. Revenue is forecast to grow by 41% in a year. Earnings are forecast to grow by 59% in the next year. Announcement • Jun 29
CASTECH Inc. to Report First Half, 2024 Results on Aug 29, 2024 CASTECH Inc. announced that they will report first half, 2024 results on Aug 29, 2024 Announcement • Apr 21
CASTECH Inc., Annual General Meeting, May 10, 2024 CASTECH Inc., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Fuzhou, Fujian China Reported Earnings • Apr 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.49 (down from CN¥0.53 in FY 2022). Revenue: CN¥781.6m (up 1.7% from FY 2022). Net income: CN¥209.1m (down 7.6% from FY 2022). Profit margin: 27% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 25% 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 increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 30
CASTECH Inc. to Report Q1, 2024 Results on Apr 27, 2024 CASTECH Inc. announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 02
Full year 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.53 in FY 2022) Full year 2023 results: EPS: CN¥0.47 (down from CN¥0.53 in FY 2022). Revenue: CN¥781.6m (up 1.7% from FY 2022). Net income: CN¥200.1m (down 12% from FY 2022). Profit margin: 26% (down from 30% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% 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 increased by 11% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥19.66, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥13.25 per share. Announcement • Dec 29
CASTECH Inc. to Report Fiscal Year 2023 Results on Apr 20, 2024 CASTECH Inc. announced that they will report fiscal year 2023 results on Apr 20, 2024 New Risk • Nov 09
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 8.5% 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 (8.5% average weekly change). Minor Risk Dividend is not well covered by cash flows (179% cash payout ratio). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥30.98, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.76 per share. Announcement • Oct 21
Castech Inc. Announces Interim Dividend on A Shares for the Year 2023, Payable on 26 October 2023 CASTECH Inc. announced final cash dividend/10 shares (tax included) of CNY1.50000000on A shares for the interim 2023. Record date is 25 October 2023. Ex-date is 26 October 2023. Payment date is 26 October 2023. Announcement • Sep 30
CASTECH Inc. to Report Q3, 2023 Results on Oct 28, 2023 CASTECH Inc. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Announcement • Sep 15
CASTECH Inc. Approves Interim Dividend for the First Half of 2023 CASTECH Inc. at its 1st Extraordinary General Meeting of 2023 held on September 12, 2023 approved interim cash dividend of CNY 1.50000000 per 10 shares (tax included) for the first half of 2023. Announcement • Aug 26
CASTECH Inc. Proposes Interim Dividend for the First Half of 2023 CASTECH Inc. proposed interim cash dividend of CNY 1.50000000 per 10 shares (tax included) for the first half of 2023. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.15 in 2Q 2022). Revenue: CN¥191.4m (down 2.3% from 2Q 2022). Net income: CN¥57.4m (down 13% from 2Q 2022). Profit margin: 30% (down from 34% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥29.65, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 86% over the past three years. Announcement • Jul 01
CASTECH Inc. to Report First Half, 2023 Results on Aug 25, 2023 CASTECH Inc. announced that they will report first half, 2023 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥30.06, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 116% over the past three years. Announcement • Jun 08
CASTECH Inc. Announces Final Dividend on A Shares for the Year 2022, Payable on June 14, 2023 CASTECH Inc. announced final cash dividend/10 shares (tax included) of CNY 2.50000000 on A shares for the year 2022. Record date is June 13, 2023. Ex-date is May June 14, 2023. Payment date is June 14, 2023. Announcement • May 20
CASTECH Inc. Approves Cash Dividend for 2022 CASTECH Inc. approved a cash dividend of CNY 2.50000000 per ten share (tax included) for 2022 at AGM held on May 18, 2022. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.12 in 1Q 2022). Revenue: CN¥197.3m (flat on 1Q 2022). Net income: CN¥52.9m (flat on 1Q 2022). Profit margin: 27% (in line with 1Q 2022). Revenue is forecast to grow 22% 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 increased by 19% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥34.10, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥27.23, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥21.85, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 107% over the past three years. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: CN¥0.51 (vs CN¥0.45 in FY 2021) Full year 2022 results: EPS: CN¥0.51 (up from CN¥0.45 in FY 2021). Revenue: CN¥768.4m (up 12% from FY 2021). Net income: CN¥218.3m (up 14% from FY 2021). Profit margin: 28% (in line with FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Chaofan Qiu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.14 in 3Q 2021). Revenue: CN¥212.4m (up 11% from 3Q 2021). Net income: CN¥68.0m (up 15% from 3Q 2021). Profit margin: 32% (up from 31% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.13 in 2Q 2021). Revenue: CN¥195.8m (up 4.1% from 2Q 2021). Net income: CN¥66.3m (up 20% from 2Q 2021). Profit margin: 34% (up from 30% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥17.50, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 33x in the Electronic industry in China. Total returns to shareholders of 55% over the past three years. Announcement • Jun 07
CASTECH Inc. Announces Cash Dividend for 2021, Payable on 10 June 2022 CASTECH Inc. announced Cash dividend of CNY 1.50000000 per 10 shares (tax included) for 2021, payable on 10 June 2022. Record date is 09 June 2022 and Ex-date is 10 June 2022. Announcement • May 20
CASTECH Inc. Approves Final Cash Dividend for the Year 2021 CASTECH Inc. approved final cash dividend of CNY 1.50000000 per 10 shares (tax included) for the year 2021, at its Annual General Meeting of 2021 on 18 May 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥197.7m (up 20% from 1Q 2021). Net income: CN¥52.6m (up 15% from 1Q 2021). Profit margin: 27% (down from 28% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Chaofan Qiu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Castech Inc. Announces Final Dividend for the Year 2021 CASTECH Inc. announced on 25 April 2022 the profit distribution proposal for 2021 as follows: Cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.42 (up from CN¥0.34 in FY 2020). Revenue: CN¥688.7m (up 26% from FY 2020). Net income: CN¥181.0m (up 26% from FY 2020). Profit margin: 26% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.14 (vs CN¥0.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥191.7m (up 29% from 3Q 2020). Net income: CN¥59.3m (up 38% from 3Q 2020). Profit margin: 31% (up from 29% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 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¥188.1m (up 24% from 2Q 2020). Net income: CN¥55.4m (up 19% from 2Q 2020). Profit margin: 30% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥17.12, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 41% over the past three years. Announcement • May 22
CASTECH Inc. Approves Final Dividend for 2020 CASTECH Inc. announced at the AGM held on 20, 2021 that the company approved profit distribution for 2020 as Cash dividend/10 shares (tax included) of CNY 1.00000000. Announcement • Apr 27
CASTECH Inc. Proposes Final Dividend for 2020 CASTECH Inc. announced on 26 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend/10 shares (tax included): CNY 1.00000000. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.077 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥164.9m (up 37% from 1Q 2020). Net income: CN¥45.9m (up 40% from 1Q 2020). Profit margin: 28% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥20.11, the stock trades at a trailing P/E ratio of 59.9x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 20% over the past three years. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥13.22 The company is down 5.0% from its price of CN¥13.97 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 5.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥13.32 The company is down 3.0% from its price of CN¥13.80 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 10
New 90-day high: CN¥15.92 The company is up 16% from its price of CN¥13.75 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: CN¥15.30 The company is up 3.0% from its price of CN¥14.90 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is flat over the same period. Reported Earnings • Oct 24
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥146.3m, up 13% from the prior year. Total revenue was CN¥534.4m over the last 12 months, up 8.4% from the prior year. Announcement • Oct 17
CASTECH Inc. to Report Q3, 2020 Results on Oct 24, 2020 CASTECH Inc. announced that they will report Q3, 2020 results on Oct 24, 2020 Is New 90 Day High Low • Sep 28
New 90-day low: CN¥13.43 The company is down 12% from its price of CN¥15.34 on 30 June 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 6.0% over the same period. Announcement • Aug 07
CASTECH Inc. to Report First Half, 2020 Results on Aug 26, 2020 CASTECH Inc. announced that they will report first half, 2020 results on Aug 26, 2020