Price Target Changed • Apr 25
Price target increased by 7.3% to CN¥306 Up from CN¥285, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of CN¥301. Stock is up 258% over the past year. The company is forecast to post earnings per share of CN¥7.64 for next year compared to CN¥4.91 last year. Reported Earnings • Apr 24
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: CN¥1.28 (up from CN¥0.74 in 1Q 2025). Revenue: CN¥6.60b (up 38% from 1Q 2025). Net income: CN¥850.2m (up 73% from 1Q 2025). Profit margin: 13% (up from 10% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 20% p.a. on average during the next 3 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 32% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥262, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 297% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥317 per share. Announcement • Mar 31
Shennan Circuits Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shennan Circuits Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Price Target Changed • Mar 16
Price target increased by 9.6% to CN¥285 Up from CN¥260, the current price target is an average from 9 analysts. New target price is 14% above last closing price of CN¥250. Stock is up 135% over the past year. The company is forecast to post earnings per share of CN¥7.26 for next year compared to CN¥4.91 last year. Reported Earnings • Mar 14
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CN¥4.91 (up from CN¥2.82 in FY 2024). Revenue: CN¥23.6b (up 32% from FY 2024). Net income: CN¥3.28b (up 75% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Mar 13
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from CN¥28.9b to CN¥29.9b. EPS estimate increased from CN¥6.61 to CN¥7.56 per share. Net income forecast to grow 70% next year vs 48% growth forecast for Electronic industry in China. Consensus price target broadly unchanged at CN¥267. Share price fell 5.1% to CN¥250 over the past week. Announcement • Mar 12
Shennan Circuits Co., Ltd., Annual General Meeting, Apr 03, 2026 Shennan Circuits Co., Ltd., Annual General Meeting, Apr 03, 2026, at 15:00 China Standard Time. Location: 5F, No. 99, Qiaocheng East Road, Nanshan District, Shenzhen, Guangdong China Buy Or Sell Opportunity • Mar 09
Now 21% undervalued Over the last 90 days, the stock has risen 24% to CN¥255. The fair value is estimated to be CN¥323, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 54% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥290, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 382% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥316 per share. Price Target Changed • Feb 14
Price target increased by 8.5% to CN¥256 Up from CN¥236, the current price target is an average from 9 analysts. New target price is 9.0% above last closing price of CN¥235. Stock is up 124% over the past year. The company is forecast to post earnings per share of CN¥4.96 for next year compared to CN¥2.82 last year. Buy Or Sell Opportunity • Jan 23
Now 21% undervalued Over the last 90 days, the stock has risen 16% to CN¥247. The fair value is estimated to be CN¥314, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 78% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥266, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 34x in the Electronic industry in China. Total returns to shareholders of 364% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥314 per share. Announcement • Dec 31
Shennan Circuit Company Limited to Report Fiscal Year 2025 Results on Mar 13, 2026 Shennan Circuit Company Limited announced that they will report fiscal year 2025 results on Mar 13, 2026 Buy Or Sell Opportunity • Dec 11
Now 24% undervalued The stock has been flat over the last 90 days, currently trading at CN¥194. The fair value is estimated to be CN¥255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. Price Target Changed • Dec 02
Price target increased by 9.1% to CN¥234 Up from CN¥215, the current price target is an average from 10 analysts. New target price is 19% above last closing price of CN¥198. Stock is up 159% over the past year. The company is forecast to post earnings per share of CN¥5.11 for next year compared to CN¥2.82 last year. Price Target Changed • Oct 31
Price target increased by 14% to CN¥187 Up from CN¥163, the current price target is an average from 11 analysts. New target price is 13% below last closing price of CN¥214. Stock is up 175% over the past year. The company is forecast to post earnings per share of CN¥5.27 for next year compared to CN¥2.82 last year. Reported Earnings • Oct 30
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: CN¥1.45 (up from CN¥0.75 in 3Q 2024). Revenue: CN¥6.30b (up 33% from 3Q 2024). Net income: CN¥965.8m (up 93% from 3Q 2024). Profit margin: 15% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 16% 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 increased by 15% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 25
Price target increased by 8.1% to CN¥166 Up from CN¥153, the current price target is an average from 11 analysts. New target price is 22% below last closing price of CN¥213. Stock is up 150% over the past year. The company is forecast to post earnings per share of CN¥4.63 for next year compared to CN¥2.82 last year. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥202, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 255% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥159 per share. Announcement • Sep 30
Shennan Circuit Company Limited to Report Q3, 2025 Results on Oct 30, 2025 Shennan Circuit Company Limited announced that they will report Q3, 2025 results on Oct 30, 2025 Buy Or Sell Opportunity • Sep 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 99% to CN¥197. The fair value is estimated to be CN¥162, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥202, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 233% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥162 per share. Major Estimate Revision • Sep 03
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥21.4b to CN¥22.1b. EPS estimate increased from CN¥3.63 to CN¥4.44 per share. Net income forecast to grow 29% next year vs 49% growth forecast for Electronic industry in China. Consensus price target up from CN¥119 to CN¥155. Share price rose 9.5% to CN¥186 over the past week. New Risk • Sep 02
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 8.9% 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 (8.9% average weekly change). Minor Risk Dividend is not well covered by cash flows (278% cash payout ratio). Buy Or Sell Opportunity • Aug 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 121% to CN¥186. The fair value is estimated to be CN¥154, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 46% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥170, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 169% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥153 per share. Price Target Changed • Aug 19
Price target increased by 7.4% to CN¥119 Up from CN¥111, the current price target is an average from 11 analysts. New target price is 18% below last closing price of CN¥145. Stock is up 77% over the past year. The company is forecast to post earnings per share of CN¥3.63 for next year compared to CN¥2.82 last year. Price Target Changed • Jul 17
Price target increased by 8.1% to CN¥104 Up from CN¥96.66, the current price target is an average from 11 analysts. New target price is 20% below last closing price of CN¥131. Stock is up 39% over the past year. The company is forecast to post earnings per share of CN¥3.52 for next year compared to CN¥2.82 last year. New Risk • Jul 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (155% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Jul 02
Shennan Circuit Company Limited to Report First Half, 2025 Results on Aug 28, 2025 Shennan Circuit Company Limited announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • May 28
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥82.68, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 24x in the Electronic industry in China. Total loss to shareholders of 7.4% over the past three years. Declared Dividend • May 24
Dividend increased to CN¥1.50 Dividend of CN¥1.50 is 67% higher than last year. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 26% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 76% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 24
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: CN¥0.96 (up from CN¥0.74 in 1Q 2024). Revenue: CN¥4.78b (up 21% from 1Q 2024). Net income: CN¥491.4m (up 30% from 1Q 2024). Profit margin: 10% (in line with 1Q 2024). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 15% p.a. on average during the next 3 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 7% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥104, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.44 per share. Announcement • Apr 04
Shennan Circuit Company Limited Approves Cash Dividend for 2024 Shennan Circuit Company Limited announced that at the AGM held on 02 April 2025 approved Cash dividend/10 shares (tax included) of CNY 15.00000000 for 2024. Announcement • Mar 31
Shennan Circuit Company Limited to Report Q1, 2025 Results on Apr 24, 2025 Shennan Circuit Company Limited announced that they will report Q1, 2025 results on Apr 24, 2025 Board Change • Mar 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Hanbin Zhang 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. Lack of board continuity. Announcement • Mar 14
Shennan Circuit Company Limited Announces Profit Distribution Proposal for the Year 2024 Shennan Circuit Company Limited announced on 13 March 2025 the profit distribution proposal for the year 2024 as follows: final cash dividend/10 shares (tax included): CNY 15.00000000. Reported Earnings • Mar 13
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: CN¥3.66 (up from CN¥2.73 in FY 2023). Revenue: CN¥17.9b (up 32% from FY 2023). Net income: CN¥1.88b (up 34% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 13% 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 5% per year whereas the company’s share price has increased by 9% per year. Announcement • Mar 13
Shennan Circuit Company Limited, Annual General Meeting, Apr 02, 2025 Shennan Circuit Company Limited, Annual General Meeting, Apr 02, 2025, at 15:00 China Standard Time. Location: 5F, No. 99, Qiaocheng East Road, Nanshan District, Shenzhen, Guangdong China New Risk • Mar 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% 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 (208% cash payout ratio). Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥131, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥123 per share. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to CN¥148. The fair value is estimated to be CN¥122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥143, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥122 per share. Announcement • Dec 31
Shennan Circuit Company Limited to Report Fiscal Year 2024 Results on Mar 13, 2025 Shennan Circuit Company Limited announced that they will report fiscal year 2024 results on Mar 13, 2025 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥118, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 5.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥142 per share. Buy Or Sell Opportunity • Nov 12
Now 21% undervalued Over the last 90 days, the stock has risen 4.4% to CN¥113. The fair value is estimated to be CN¥142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: CN¥0.97 (up from CN¥0.85 in 3Q 2023). Revenue: CN¥4.73b (up 38% from 3Q 2023). Net income: CN¥500.8m (up 15% from 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 13% 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 4% per year whereas the company’s share price has remained flat. New Risk • Sep 30
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 7.3% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Shennan Circuit Company Limited to Report Q3, 2024 Results on Oct 29, 2024 Shennan Circuit Company Limited announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥111, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥118 per share. Buy Or Sell Opportunity • Sep 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to CN¥92.15. The fair value is estimated to be CN¥118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has grown by 2.6%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Major Estimate Revision • Sep 03
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CN¥16.2b to CN¥16.8b. EPS estimate increased from CN¥3.44 to CN¥3.90 per share. Net income forecast to grow 11% next year vs 53% growth forecast for Electronic industry in China. Consensus price target up from CN¥96.62 to CN¥99.16. Share price fell 7.2% to CN¥97.13 over the past week. Reported Earnings • Aug 28
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: CN¥1.19 (up from CN¥0.52 in 2Q 2023). Revenue: CN¥4.36b (up 34% from 2Q 2023). Net income: CN¥607.7m (up 127% from 2Q 2023). Profit margin: 14% (up from 8.2% in 2Q 2023). Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 38%. Revenue is forecast to grow 13% 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 whereas the company’s share price has increased by 5% per year. Price Target Changed • Jul 29
Price target increased by 9.3% to CN¥96.18 Up from CN¥88.01, the current price target is an average from 9 analysts. New target price is 14% below last closing price of CN¥111. Stock is up 46% over the past year. The company is forecast to post earnings per share of CN¥3.40 for next year compared to CN¥2.73 last year. Price Target Changed • Jul 15
Price target increased by 8.8% to CN¥91.82 Up from CN¥84.42, the current price target is an average from 10 analysts. New target price is 28% below last closing price of CN¥127. Stock is up 59% over the past year. The company is forecast to post earnings per share of CN¥3.35 for next year compared to CN¥2.73 last year. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥121, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥88.42 per share. Buy Or Sell Opportunity • Jul 09
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to CN¥110. The fair value is estimated to be CN¥88.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Buy Or Sell Opportunity • Jul 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CN¥106. The fair value is estimated to be CN¥87.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Announcement • Jun 29
Shennan Circuit Company Limited to Report First Half, 2024 Results on Aug 28, 2024 Shennan Circuit Company Limited announced that they will report first half, 2024 results on Aug 28, 2024 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥110, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥79.79 per share. Buy Or Sell Opportunity • Jun 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥95.47. The fair value is estimated to be CN¥79.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Declared Dividend • May 25
Dividend reduced to CN¥0.90 Dividend of CN¥0.90 is 10.0% lower than last year. Ex-date: 30th May 2024 Payment date: 30th May 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (29% 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 20% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 25
Shennan Circuit Company Limited Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Shennan Circuit Company Limited announced final cash dividend/10 shares (tax included) of CNY 9.00000000 on A shares for the year 2023. Record date: 29 May 2024. Ex-date: 30 May 2024. Payment date: 30 May 2024. Buy Or Sell Opportunity • May 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to CN¥94.32. The fair value is estimated to be CN¥78.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Reported Earnings • Apr 16
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: CN¥0.74 (up from CN¥0.40 in 1Q 2023). Revenue: CN¥3.96b (up 42% from 1Q 2023). Net income: CN¥379.6m (up 84% from 1Q 2023). Profit margin: 9.6% (up from 7.4% in 1Q 2023). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 13% 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 1% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • Apr 01
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to CN¥95.90. The fair value is estimated to be CN¥78.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Announcement • Mar 30
Shennan Circuit Company Limited to Report Q1, 2024 Results on Apr 16, 2024 Shennan Circuit Company Limited announced that they will report Q1, 2024 results on Apr 16, 2024 Price Target Changed • Mar 18
Price target increased by 11% to CN¥84.63 Up from CN¥76.45, the current price target is an average from 10 analysts. New target price is 7.8% below last closing price of CN¥91.75. Stock is up 6.1% over the past year. The company is forecast to post earnings per share of CN¥3.25 for next year compared to CN¥2.73 last year. New Risk • Mar 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥2.73 (down from CN¥3.22 in FY 2022). Revenue: CN¥13.5b (down 3.3% from FY 2022). Net income: CN¥1.40b (down 15% from FY 2022). Profit margin: 10% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 14% 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 fallen by 1% per year and the company’s share price has also fallen by 1% per year. Buy Or Sell Opportunity • Mar 12
Now 22% undervalued Over the last 90 days, the stock has risen 19% to CN¥84.28. The fair value is estimated to be CN¥108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 45% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥89.32, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥108 per share. 
