Declared Dividend • May 25
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 27th May 2026 Payment date: 27th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (218% earnings payout ratio) nor is it covered by cash flows (173% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 142% to bring the payout ratio under control, which is more than the 38% EPS growth achieved over the last 5 years. New Risk • May 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 173% Dividend yield: 0.7% 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. Paying a dividend despite being loss-making. Cash payout ratio: 173% Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 27
Full year 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.06 loss in FY 2024) Full year 2025 results: EPS: CN¥0.02 (up from CN¥0.06 loss in FY 2024). Revenue: CN¥755.4m (up 4.6% from FY 2024). Net income: CN¥10.9m (up CN¥49.4m from FY 2024). Profit margin: 1.4% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, May 18, 2026 Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen AOTO Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Shenzhen AOTO Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Shenzhen AOTO Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Shenzhen AOTO Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.012 (vs CN¥0.032 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.012 (up from CN¥0.032 loss in 3Q 2024). Revenue: CN¥216.8m (up 65% from 3Q 2024). Net income: CN¥7.52m (up CN¥29.7m from 3Q 2024). Profit margin: 3.5% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 119 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shenzhen AOTO Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Shenzhen AOTO Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: CN¥0.008 loss per share (vs CN¥0.003 profit in 2Q 2024) Second quarter 2025 results: CN¥0.008 loss per share (down from CN¥0.003 profit in 2Q 2024). Revenue: CN¥128.2m (down 17% from 2Q 2024). Net loss: CN¥5.28m (down 400% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Announcement • Jul 02
Shenzhen AOTO Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Shenzhen AOTO Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • May 31
Dividend reduced to CN¥0.02 Dividend of CN¥0.02 is 67% lower than last year. Ex-date: 5th June 2025 Payment date: 5th June 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 10 years, indicating a lack of growth and stability in payments. Announcement • May 30
Shenzhen AOTO Electronics Co., Ltd. Approves Cash Dividend for the Year 2024 Shenzhen AOTO Electronics Co., Ltd. at its AGM held on May 26, 2025 approved cash dividend of CNY 0.20 per 10 shares (tax included) for the year 2024. New Risk • May 05
New major risk - Revenue and earnings growth Earnings have declined by 1.4% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.4% per year over the past 5 years. Reported Earnings • Apr 29
Full year 2024 earnings released: CN¥0.06 loss per share (vs CN¥0.02 profit in FY 2023) Full year 2024 results: CN¥0.06 loss per share (down from CN¥0.02 profit in FY 2023). Revenue: CN¥722.3m (up 9.8% from FY 2023). Net loss: CN¥38.5m (down 380% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, May 26, 2025 Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, May 26, 2025, at 14:30 China Standard Time. Announcement • Mar 31
Shenzhen AOTO Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen AOTO Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Board Change • Jan 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. 4 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Baishun Jin was the last independent director to join the board, commencing their role in 2022. 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 • Jan 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 9.2% 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 5x cash flows per share. Earnings have declined by 24% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Announcement • Dec 31
Shenzhen AOTO Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenzhen AOTO Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.032 loss per share (vs CN¥0.029 loss in 3Q 2023) Third quarter 2024 results: CN¥0.032 loss per share (further deteriorated from CN¥0.029 loss in 3Q 2023). Revenue: CN¥131.3m (down 22% from 3Q 2023). Net loss: CN¥22.2m (loss widened 74% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shenzhen AOTO Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen AOTO Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.003 (vs CN¥0.026 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.003 (down from CN¥0.026 in 2Q 2023). Revenue: CN¥153.8m (up 1.8% from 2Q 2023). Net income: CN¥1.76m (down 88% from 2Q 2023). Profit margin: 1.1% (down from 10.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Shenzhen AOTO Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 09, 2024 Shenzhen AOTO Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 09, 2024 Declared Dividend • May 27
Dividend increased to CN¥0.06 Dividend of CN¥0.06 is 100% higher than last year. Ex-date: 31st May 2024 Payment date: 31st May 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (372% earnings payout ratio) nor is it covered by cash flows (326% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 313% to bring the payout ratio under control. However, EPS has declined by 43% over the last 5 years so the company would need to reverse this trend. Announcement • May 25
Shenzhen AOTO Electronics Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 31 May 2024 Shenzhen AOTO Electronics Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.60000000 on A shares for the year 2023. Record date: 30 May 2024. Ex-date: 31 May 2024. Payment date: 31 May 2024. Announcement • Apr 29
Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, May 22, 2024 Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, May 22, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.005 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.005 in 1Q 2023). Revenue: CN¥179.7m (up 5.2% from 1Q 2023). Net income: CN¥607.3k (down 81% from 1Q 2023). Profit margin: 0.3% (down from 1.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shenzhen AOTO Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shenzhen AOTO Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Feb 08
Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) announces an Equity Buyback for CNY 20 million worth of its shares. Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price will not exceed CNY 8 per share. The repurchased shares will be used to implement employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase the shares. The plan is valid for 6 months. As of February 5, 2024, the company had 651,544,156 shares outstanding. Announcement • Dec 30
Shenzhen AOTO Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shenzhen AOTO Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: CN¥0.029 loss per share (vs CN¥0.029 profit in 3Q 2022) Third quarter 2023 results: CN¥0.029 loss per share (down from CN¥0.029 profit in 3Q 2022). Revenue: CN¥168.7m (down 34% from 3Q 2022). Net loss: CN¥12.8m (down 171% from profit in 3Q 2022). Revenue is forecast to grow 31% 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 increased by 71% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Oct 27
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: 0.4% Last year net profit margin: 4.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). New Risk • Aug 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 234% 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: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: CN¥0.026 (vs CN¥0.025 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.026 (up from CN¥0.025 in 2Q 2022). Revenue: CN¥151.1m (down 23% from 2Q 2022). Net income: CN¥15.2m (up 16% from 2Q 2022). Profit margin: 10.0% (up from 6.6% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% 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 30% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Shenzhen AOTO Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 08, 2023 Shenzhen AOTO Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 08, 2023 New Risk • Jun 15
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 6.8% 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 (6.8% average weekly change). Large one-off items impacting financial results. Announcement • May 26
Shenzhen Aoto Electronics Co., Ltd. Announces Final Cash Dividend for 2022, Payable on June 01, 2023 Shenzhen AOTO Electronics Co., Ltd. at the Annual General Meeting of 2022 on 22 May 2023 announced final cash dividend of CNY 0.30000000 per 10 shares (tax included) for 2022. Record date: 31 May 2023. Ex-date: 01 June 2023. Payment date: 01 June 2023. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.011 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.005 (up from CN¥0.011 loss in 1Q 2022). Revenue: CN¥170.8m (down 15% from 1Q 2022). Net income: CN¥3.13m (up CN¥10.3m from 1Q 2022). Profit margin: 1.8% (up from net loss in 1Q 2022). Revenue is forecast to grow 31% 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 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Non-Independent Chairman of Board of Directors Hanqu Wu is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.029 (vs CN¥0.003 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.029 (up from CN¥0.003 in 3Q 2021). Revenue: CN¥255.0m (up 26% from 3Q 2021). Net income: CN¥18.0m (up 354% from 3Q 2021). Profit margin: 7.0% (up from 2.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% 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 58% 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. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: CN¥0.025 (vs CN¥0.019 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.025 (up from CN¥0.019 in 2Q 2021). Revenue: CN¥196.7m (down 4.2% from 2Q 2021). Net income: CN¥13.0m (up 50% from 2Q 2021). Profit margin: 6.6% (up from 4.2% in 2Q 2021). Over the next year, revenue is forecast to grow 47%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • May 10
Shenzhen AOTO Electronics Co., Ltd. Implements A Shares Final Cash Distribution for 2021, Payable on May 16, 2022 Shenzhen AOTO Electronics Co., Ltd. implemented A shares final cash distribution of CNY 0.50000000 per 10 shares (tax included) for 2021. Record date: May 13, 2022. Ex-date: May 16, 2022. Payment date: May 16, 2022. Announcement • May 08
Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) announces an Equity Buyback for CNY 20 million worth of its shares. Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) announces a share repurchase program. Under the program, the company will repurchase up to CNY 20 million worth of its shares. The repurchase price will not exceed CNY 5 per share. The repurchased shares will be used to implement employee stock ownership plans or equity incentive plans. The company will use its own funds to repurchase the shares. The plan is valid for 6 months. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.011 loss per share (down from CN¥0.003 profit in 1Q 2021). Revenue: CN¥201.9m (up 15% from 1Q 2021). Net loss: CN¥7.22m (down 433% from profit in 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
Shenzhen AOTO Electronics Co., Ltd. Approves Final Cash Dividend for the Year 2021 Shenzhen AOTO Electronics Co., Ltd. approved final Cash dividend (tax included) of CNY 0.50000000 per ten shares for 2021 in its Annual General Meeting of 2021 on 22 April 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. Non-Employee Supervisor Shaobo Ji is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 03
Shenzhen Aoto Electronics Co., Ltd. Proposes Dividend for 2021 Shenzhen AOTO Electronics Co., Ltd. proposed final Cash dividend (tax included) of CNY 0.50000000 per ten shares for 2021. Announcement • Apr 02
Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, Apr 22, 2022 Shenzhen AOTO Electronics Co., Ltd., Annual General Meeting, Apr 22, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; 2021 annual report and its summary; to consider special report on the deposit and use of raised funds in 2021; to consider 2022 financial budget report; to consider 2021 remuneration for directors; to consider 2021 remuneration for supervisors; to consider 2022 remuneration plan for the chairman of the board; to consider purchase of wealth management products with idle proprietary funds; to consider application for comprehensive credit line to banks; to consider 2022 estimated external guarantee quota; and to consider amendments to the remuneration management system for directors and supervisors. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.05 (up from CN¥0.25 loss in FY 2020). Revenue: CN¥965.8m (up 18% from FY 2020). Net income: CN¥33.9m (up CN¥187.0m from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 327%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Board Change • Feb 17
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 5 experienced directors. No highly experienced directors. Non-Employee Supervisor Yongzhong Huang is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.003 (vs CN¥0.02 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥202.2m (down 23% from 3Q 2020). Net income: CN¥3.96m (down 67% from 3Q 2020). Profit margin: 2.0% (down from 4.6% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Sep 02
Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) agreed to acquire remaining 40% stake in Aoto Gtek Optoelectronic Co., Ltd. from Shenzhen Gtek Huike Optoelectronic Technology Co., Ltd. for CNY 4.7 million. Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) agreed to acquire remaining 40% stake in Aoto Gtek Optoelectronic Co., Ltd. from Shenzhen Gtek Huike Optoelectronic Technology Co., Ltd. for CNY 4.7 million on August 30, 2021. Post completion, Shenzhen AOTO Electronics Co., Ltd. will own 100% stake in the Aoto Gtek Optoelectronic Co., Ltd. As of June 30, 2021, total asset and net asset of Aoto Gtek Optoelectronic Co., Ltd. was CNY 53.7 million and CNY 32.97 million respectively. On August 30, 2021, the 27th session of 4th directorate of Shenzhen AOTO Electronics Co., Ltd. approved the transaction. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.019 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥205.3m (down 9.9% from 2Q 2020). Net income: CN¥8.70m (down 56% from 2Q 2020). Profit margin: 4.2% (down from 8.7% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • May 21
Shenzhen AOTO Electronics Co., Ltd. Approves Final Cash Dividend Shenzhen AOTO Electronics Co., Ltd. approved final cash dividend of CNY 0.20000000 per 10 shares (tax included) for the year 2020 at the AGM held on May 18, 2021. Announcement • Apr 29
Shenzhen AOTO Electronics Co., Ltd. Proposes Final Dividend for the Year 2020 Shenzhen AOTO Electronics Co., Ltd. proposed final cash dividend of CNY 0.20000000 per 10 shares (tax included) for the year 2020. Reported Earnings • Apr 17
Full year 2020 earnings released: CN¥0.25 loss per share (vs CN¥0.30 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥819.5m (down 34% from FY 2019). Net loss: CN¥153.1m (down 184% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 37% 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. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.31, the stock is trading at a trailing P/E ratio of 43.6x, down from the previous P/E ratio of 52.3x. This compares to an average P/E of 40x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Jan 27
New 90-day low: CN¥5.08 The company is down 8.0% from its price of CN¥5.50 on 29 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¥5.10 The company is down 13% from its price of CN¥5.88 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. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥57.7m, down 72% from the prior year. Total revenue was CN¥973.8m over the last 12 months, down 28% from the prior year. Is New 90 Day High Low • Oct 21
New 90-day low: CN¥5.74 The company is down 6.0% from its price of CN¥6.09 on 23 July 2020. The Chinese market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Announcement • Jul 18
Shenzhen AOTO Electronics Co., Ltd. to Report First Half, 2020 Results on Aug 08, 2020 Shenzhen AOTO Electronics Co., Ltd. announced that they will report first half, 2020 results on Aug 08, 2020