New Risk • Apr 30
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: 3.8% Last year net profit margin: 7.4% 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: Major Risk Earnings have declined by 9.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). New Risk • Apr 29
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.97 (vs CN¥1.11 in FY 2024) Full year 2025 results: EPS: CN¥0.97 (down from CN¥1.11 in FY 2024). Revenue: CN¥5.53b (up 21% from FY 2024). Net income: CN¥307.9m (down 13% from FY 2024). Profit margin: 5.6% (down from 7.7% in FY 2024). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 29
Aoshikang Technology Co., Ltd., Annual General Meeting, May 20, 2026 Aoshikang Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: Room 2A-3201, Building 2, Shenzhen Bay Innovation Technology Center, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 31
Aoshikang Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Aoshikang Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 16
New major risk - Revenue and earnings growth Earnings have declined by 3.2% 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 Risk Earnings have declined by 3.2% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (365% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). New Risk • Mar 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 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (365% cash payout ratio). Share price has been volatile over the past 3 months (8.0% average weekly change). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥50.42, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 89% over the past three years. Announcement • Dec 31
Aoshikang Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Aoshikang Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥40.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 61% over the past three years. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.18 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.27 (up from CN¥0.18 in 3Q 2024). Revenue: CN¥1.47b (up 26% from 3Q 2024). Net income: CN¥86.6m (up 54% from 3Q 2024). Profit margin: 5.9% (up from 4.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Sep 30
Aoshikang Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Aoshikang Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (6.6% net profit margin). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥43.60, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 78% over the past three years. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.35 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.27 (down from CN¥0.35 in 2Q 2024). Revenue: CN¥1.40b (up 20% from 2Q 2024). Net income: CN¥83.6m (down 25% from 2Q 2024). Profit margin: 6.0% (down from 9.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% 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 fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥40.36, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥34.79, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 20% over the past three years. Announcement • Jul 02
Aoshikang Technology Co., Ltd. to Report First Half, 2025 Results on Aug 13, 2025 Aoshikang Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 13, 2025 Major Estimate Revision • May 23
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥5.94b to CN¥5.55b. EPS estimate also fell from CN¥1.94 per share to CN¥1.73 per share. Net income forecast to grow 68% next year vs 47% growth forecast for Electronic industry in China. Consensus price target down from CN¥39.00 to CN¥35.00. Share price was steady at CN¥24.98 over the past week. Announcement • May 22
Aoshikang Technology Co., Ltd. Approves Cash Dividend for 2024 Aoshikang Technology Co., Ltd. at the Annual General Meeting of 2024 on 16 May 2025 approved 2024 profit distribution plan of cash dividend per 10 shares (tax included) of CNY 6.00000000. Price Target Changed • May 22
Price target decreased by 15% to CN¥35.00 Down from CN¥41.00, the current price target is provided by 1 analyst. New target price is 39% above last closing price of CN¥25.27. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of CN¥1.73 for next year compared to CN¥1.11 last year. New Risk • May 15
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.4% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (7.4% net profit margin). Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.35 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.35 (in line with 1Q 2024). Revenue: CN¥1.16b (up 19% from 1Q 2024). Net income: CN¥112.3m (flat on 1Q 2024). Profit margin: 9.6% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% 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 10% per year whereas the company’s share price has fallen by 8% per year. Announcement • Apr 25
Aoshikang Technology Co., Ltd., Annual General Meeting, May 16, 2025 Aoshikang Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 15:00 China Standard Time. Location: Room 2A-3201, Building 2, Shenzhen Bay Innovation Technology Center, Nanshan District, Shenzhen, Guangdong China Announcement • Apr 11
Aoshikang Technology Co., Ltd. (SZSE:002913) announces an Equity Buyback for CNY 180 million worth of its shares. Aoshikang Technology Co., Ltd. (SZSE:002913) announces a share repurchase program. Under the program, the company will repurchase up to CNY 180 million worth of its shares. The shares will be repurchased at a price not more than CNY 40 per share. The shares repurchased will be used for equity incentives or employee stock ownership plans. The program will be funded using the company's own funds or self-raised funds. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥21.64, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 20% over the past three years. New Risk • Apr 07
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 7.8% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 31
Aoshikang Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Aoshikang Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥28.23, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Announcement • Dec 31
Aoshikang Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Aoshikang Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Board Change • Dec 04
High number of new directors Non-Independent Director Xiangdong Xu was the last director to join the board, commencing their role in 2024. Announcement • Nov 30
Aoshikang Technology Co., Ltd. Approves Board Elections Aoshikang Technology Co., Ltd. at its Extraordinary General Meeting held on 28 November 2024, approved the election of Xu Xiangdong, Song Bo and Gong Wengeng as non-independent directors. The company approved the election of Liu Xuesheng as independent director. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.51 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.18 (down from CN¥0.51 in 3Q 2023). Revenue: CN¥1.16b (down 1.9% from 3Q 2023). Net income: CN¥56.4m (down 65% from 3Q 2023). Profit margin: 4.9% (down from 14% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 19% 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 fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Announcement • Sep 30
Aoshikang Technology Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Aoshikang Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥26.95, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 33% over the past three years. Announcement • Jun 29
Aoshikang Technology Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Aoshikang Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 27
Aoshikang Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2023 On April 25, 2024, Aoshikang Technology Co., Ltd. proposed final Cash dividend/10 shares (tax included) of CNY 3.15000000 for the year 2023. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.41 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.35 (down from CN¥0.41 in 1Q 2023). Revenue: CN¥976.8m (down 2.9% from 1Q 2023). Net income: CN¥111.6m (down 15% from 1Q 2023). Profit margin: 11% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 40% 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 9% per year whereas the company’s share price has fallen by 10% per year. Announcement • Apr 26
Aoshikang Technology Co., Ltd., Annual General Meeting, May 16, 2024 Aoshikang Technology Co., Ltd., Annual General Meeting, May 16, 2024, at 15:00 China Standard Time. Location: Room 2A-3201, Building 2, Shenzhen Bay Innovation Technology Center, Nanshan District, Shenzhen, Guangdong China Announcement • Mar 30
Aoshikang Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Aoshikang Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 7.6% over the past three years. Buy Or Sell Opportunity • Feb 07
Now 22% overvalued Over the last 90 days, the stock has fallen 34% to CN¥21.17. The fair value is estimated to be CN¥17.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 7.6%. Revenue is forecast to grow by 88% in 2 years. Earnings are forecast to grow by 250% in the next 2 years. Announcement • Dec 29
Aoshikang Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Aoshikang Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.5% net profit margin). Announcement • Nov 21
Aoshikang Technology Co., Ltd. Announces Cash Dividend on A Shares for the Third Quarter of 2023, Payable on 24 November 2023 Aoshikang Technology Co., Ltd. announced cash dividend of CNY 6.77 per 10 shares on A shares for the third quarter of 2023. Record date is 23 November 2023, Ex-date is 24 November 2023 and Payment date is 24 November 2023. Announcement • Nov 02
Aoshikang Technology Co., Ltd. Proposes Distribution for the Third Quarter of 2023 Aoshikang Technology Co., Ltd. announced the profit distribution proposal for the third quarter of 2023 as cash dividend per 10 shares (tax included) of CNY 6.77000000. Announcement • Sep 30
Aoshikang Technology Co., Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Aoshikang Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% 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 (7.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.1% net profit margin). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.41 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.47 (up from CN¥0.41 in 2Q 2022). Revenue: CN¥1.04b (down 16% from 2Q 2022). Net income: CN¥146.9m (up 12% from 2Q 2022). Profit margin: 14% (up from 11% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥45.08, the stock trades at a trailing P/E ratio of 49.5x. Average trailing P/E is 45x in the Electronic industry in China. Total returns to shareholders of 81% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.61, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 44x in the Electronic industry in China. Total returns to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥33.69, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 17% over the past three years. Announcement • May 06
Aoshikang Technology Co., Ltd., Annual General Meeting, May 19, 2023 Aoshikang Technology Co., Ltd., Annual General Meeting, May 19, 2023, at 15:00 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 work report of the board of directors; to consider 2022 annual accounts and 2023 financial budget report; to consider 2022 profit distribution plan; to consider Shareholder return plan for the next three years from 2023 to 2025; and to transact such other business matter. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: CN¥0.97 (vs CN¥1.59 in FY 2021) Full year 2022 results: EPS: CN¥0.97 (down from CN¥1.59 in FY 2021). Revenue: CN¥4.57b (up 3.0% from FY 2021). Net income: CN¥306.8m (down 37% from FY 2021). Profit margin: 6.7% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥42.42, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 75% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥35.84, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 40x in the Electronic industry in China. Total returns to shareholders of 56% over the past three years. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Employee Representative Supervisor Fengjiao Wang 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 31
Third quarter 2022 earnings released: EPS: CN¥0.43 (vs CN¥0.40 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.43 (up from CN¥0.40 in 3Q 2021). Revenue: CN¥1.07b (down 14% from 3Q 2021). Net income: CN¥134.3m (up 7.2% from 3Q 2021). Profit margin: 13% (up from 10.0% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.41 (vs CN¥0.45 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.41 (down from CN¥0.45 in 2Q 2021). Revenue: CN¥1.23b (up 16% from 2Q 2021). Net income: CN¥131.0m (down 7.9% from 2Q 2021). Profit margin: 11% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Aug 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Non-Independent Director Gaoqiang He was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 14
AoshikangTechnologyCo. ,Ltd Approves Cash Dividend for 2021 AoshikangTechnologyCo.,Ltd, at the AGM held on 11 May 2022 approved Cash dividend/10 shares (tax included) of CNY 17.00000000 for 2021. Announcement • Apr 21
AoshikangTechnologyCo. ,Ltd Proposes Dividend for 2021 AoshikangTechnologyCo.,Ltd proposed Cash dividend/10 shares (tax included) of CNY 17.00000000 for 2021. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: CN¥0.94 (vs CN¥0.72 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.94 (up from CN¥0.72 in 1Q 2021). Revenue: CN¥1.06b (up 19% from 1Q 2021). Net income: CN¥149.4m (up 37% from 1Q 2021). Profit margin: 14% (up from 12% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥3.26 (up from CN¥2.40 in FY 2020). Revenue: CN¥4.44b (up 53% from FY 2020). Net income: CN¥505.0m (up 45% from FY 2020). Profit margin: 11% (in line with FY 2020). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 28%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. Independent Director Bing Sheng Teng was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2021 earnings released: EPS CN¥0.80 (vs CN¥0.74 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥1.25b (up 50% from 3Q 2020). Net income: CN¥125.4m (up 17% from 3Q 2020). Profit margin: 10.0% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.90 (vs CN¥0.65 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.07b (up 46% from 2Q 2020). Net income: CN¥142.2m (up 52% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥108, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 164% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥94.45, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 151% over the past three years. Announcement • May 25
Aoshikangtechnologyco. ,Ltd Approves Cash Dividend AoshikangTechnologyCo.,Ltd. held its Annual General Meeting of 2020 on 21 May 2021, during which it approved: Cash dividend/10 shares (tax included): CNY 12.50000000. Announcement • Apr 29
AoshikangTechnologyCo. ,Ltd Proposes Final Dividend for 2020 AoshikangTechnologyCo.,Lt proposes final dividend of (tax included) CNY 12.50000000 per 10 shares for 2020. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.17 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥891.9m (up 82% from 1Q 2020). Net income: CN¥108.7m (up 331% from 1Q 2020). Profit margin: 12% (up from 5.2% in 1Q 2020). The increase in margin was driven by higher revenue. 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 15% per year. Reported Earnings • Apr 07
Full year 2020 earnings released: EPS CN¥2.40 (vs CN¥1.84 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥2.91b (up 28% from FY 2019). Net income: CN¥349.2m (up 31% from FY 2019). Profit margin: 12% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Is New 90 Day High Low • Mar 09
New 90-day low: CN¥52.39 The company is down 12% from its price of CN¥59.73 on 09 December 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 5.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥55.15 The company is down 11% from its price of CN¥62.28 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 • Jan 07
New 90-day low: CN¥56.00 The company is down 16% from its price of CN¥66.83 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥58.89 The company is down 1.0% from its price of CN¥59.65 on 11 September 2020. The Chinese market is up 5.0% 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. Is New 90 Day High Low • Nov 23
New 90-day low: CN¥59.06 The company is down 2.0% from its price of CN¥60.24 on 25 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also down 2.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥287.5m, up 11% from the prior year. Total revenue was CN¥2.69b over the last 12 months, up 21% from the prior year. Announcement • Oct 19
AoshikangTechnologyCo. ,Ltd to Report Q3, 2020 Results on Oct 26, 2020 AoshikangTechnologyCo. ,Ltd announced that they will report Q3, 2020 results on Oct 26, 2020 Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 16% share price gain to CN¥70.41, the stock is trading at a trailing P/E ratio of 35.8x, up from the previous P/E ratio of 30.9x. This compares to an average P/E of 49x in the Electronic industry in China. Total returns to shareholders over the past year are 24%. Is New 90 Day High Low • Oct 09
New 90-day high: CN¥66.83 The company is up 7.0% from its price of CN¥62.40 on 10 July 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 8.0% over the same period. Announcement • Aug 10
AoshikangTechnologyCo. ,Ltd to Report First Half, 2020 Results on Aug 26, 2020 AoshikangTechnologyCo. ,Ltd announced that they will report first half, 2020 results on Aug 26, 2020