Announcement • Jul 01
Ningbo Sunrise Elc Technology Co.,Ltd to Report First Half, 2026 Results on Aug 28, 2026 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report first half, 2026 results on Aug 28, 2026 Declared Dividend • May 25
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 26th May 2026 Payment date: 26th May 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (64% 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 6.9% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next year, which should provide support to the dividend and adequate earnings cover. New Risk • May 13
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: 8.2% Last year net profit margin: 12% 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 Dividend is not well covered by cash flows (382% cash payout ratio). Profit margins are more than 30% lower than last year (8.2% net profit margin). Announcement • Apr 24
Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, May 14, 2026 Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, May 14, 2026, at 14:00 China Standard Time. Location: No. 669, Kaiyuan Road, Cixi Hi-tech Industrial Development Zone, Zhejiang China Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.14 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (down from CN¥0.14 in 1Q 2025). Revenue: CN¥473.0m (up 13% from 1Q 2025). Net income: CN¥36.2m (down 10.0% from 1Q 2025). Profit margin: 7.6% (down from 9.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.32, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 38% over the past three years. Announcement • Mar 31
Ningbo Sunrise Elc Technology Co.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Ningbo Sunrise Elc Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 24, 2026 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 24, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (down from CN¥0.15 in 3Q 2024). Revenue: CN¥457.6m (down 3.5% from 3Q 2024). Net income: CN¥35.3m (down 21% from 3Q 2024). Profit margin: 7.7% (down from 9.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Announcement • Sep 30
Ningbo Sunrise Elc Technology Co.,Ltd to Report Q3, 2025 Results on Oct 29, 2025 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Sep 20
Ningbo Zhongrui Precise Technology Co., Ltd. Approves Interim Profit Distribution Plan for 2025 Ningbo Zhongrui Precise Technology Co. Ltd. held its 3rd Extraordinary General Meeting of 2025 on 18 September 2025, during which the following proposal(s) was/were approved:
1. 2025 interim profit distribution plan: The detailed profit distribution plan is as follows: 1) Cash dividend per 10 shares (tax included): CNY 1.00000000. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.25 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.25 in 2Q 2024). Revenue: CN¥450.3m (down 11% from 2Q 2024). Net income: CN¥43.0m (down 43% from 2Q 2024). Profit margin: 9.5% (down from 15% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 28
Ningbo Sunrise Elc Technology Co.,Ltd Proposes Interim Cash Dividend for the Year 2025 Ningbo Sunrise Elc Technology Co.,Ltd at its EGM to be held on 18 September 2025, to propose the interim Cash dividend/10 shares (tax included) of CNY 1.00000000 for the year 2025. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥21.01, the stock trades at a trailing P/E ratio of 31.9x. Average forward P/E is 30x in the Electronic industry in China. Negligible returns to shareholders over past three years. Announcement • Jul 02
Ningbo Sunrise Elc Technology Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • May 26
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 29th May 2025 Payment date: 29th May 2025 Dividend yield will be 1.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 9.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.24 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.24 in 1Q 2024). Revenue: CN¥420.2m (down 16% from 1Q 2024). Net income: CN¥40.2m (down 45% from 1Q 2024). Profit margin: 9.6% (down from 14% in 1Q 2024). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, May 15, 2025 Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, May 15, 2025, at 13:30 China Standard Time. Location: No. 669, Kaiyuan Road, Cixi Hi-tech Industrial Development Zone, Zhejiang China Announcement • Apr 14
Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) announces an Equity Buyback for CNY 120 million worth of its shares. Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) announces a share repurchase program. Under the program, the company will repurchase up to CNY 120 million worth its shares. The shares will be repurchased at no more than CNY 31 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 fund. The program is subject to shareholders approval. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥15.38, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 15% 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 7.6% 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 (7.6% average weekly change). Announcement • Mar 31
Ningbo Sunrise Elc Technology Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥21.15, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Announcement • Dec 31
Ningbo Sunrise Elc Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (down from CN¥0.25 in 3Q 2023). Revenue: CN¥474.2m (down 8.6% from 3Q 2023). Net income: CN¥44.8m (down 40% from 3Q 2023). Profit margin: 9.5% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% 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 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Ningbo Sunrise Elc Technology Co.,Ltd to Report Q3, 2024 Results on Oct 29, 2024 Ningbo Sunrise Elc Technology Co.,Ltd 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 22% After last week's 22% share price gain to CN¥19.70, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.81 per share. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.22 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.25 (up from CN¥0.22 in 2Q 2023). Revenue: CN¥504.1m (up 3.4% from 2Q 2023). Net income: CN¥75.0m (up 18% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% 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 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Ningbo Sunrise Elc Technology Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 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¥23.43, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 71% over the past three years. Declared Dividend • Jun 01
Dividend of CN¥0.30 announced Shareholders will receive a dividend of CN¥0.30. Ex-date: 6th June 2024 Payment date: 6th June 2024 Dividend yield will be 1.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has increased by an average of 26% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.17 in 1Q 2023). Revenue: CN¥499.5m (up 4.1% from 1Q 2023). Net income: CN¥72.6m (up 40% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Apr 19
Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, May 08, 2024 Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, May 08, 2024, at 13:30 China Standard Time. Location: No. 699, Kaiyuan Road, Hi-tech Industrial Development Zone, Cixi, Zhejiang China Reported Earnings • Apr 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.90 (up from CN¥0.74 in FY 2022). Revenue: CN¥2.01b (up 14% from FY 2022). Net income: CN¥267.0m (up 22% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 17
Now 21% overvalued Over the last 90 days, the stock has fallen 16% to CN¥19.42. The fair value is estimated to be CN¥16.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 80% in the next 2 years. Announcement • Mar 30
Ningbo Sunrise Elc Technology Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Mar 01
Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) commences an Equity Buyback Plan for CNY 60 million worth of its shares, under the authorization approved on February 23, 2024. Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) commences share repurchases on February 28, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on February 23, 2024. As per the mandate, the company is authorized to repurchase up to CNY 60 million worth of its A shares. The shares repurchases will be funded from company's own funds. The repurchased shares will be used for implementation of equity incentive plans or employee stock ownership plans. The program is valid for 12 months from the date when the shareholders' meeting approves the share repurchase plan. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥22.21, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.11 per share. Buy Or Sell Opportunity • Feb 21
Now 25% overvalued Over the last 90 days, the stock has fallen 10% to CN¥20.16. The fair value is estimated to be CN¥16.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 60% in 2 years. Earnings are forecast to grow by 70% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥18.80, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Electronic industry in China. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥14.91 per share. Announcement • Dec 29
Ningbo Sunrise Elc Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 18, 2024 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 18, 2024 Announcement • Dec 28
Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) completed the acquisition of Cixi Junrui House Leasing Co., Ltd. from Ningbo Zhongjun Senchi Auto Parts Co., Ltd. Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) agreed to acquire Cixi Junrui House Leasing Co., Ltd. from Ningbo Zhongjun Senchi Auto Parts Co., Ltd. for CNY 16.3 million on November 11, 2023. The transaction was approved by the Board of Directors of Ningbo Sunrise.Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) completed the acquisition of Cixi Junrui House Leasing Co., Ltd. from Ningbo Zhongjun Senchi Auto Parts Co., Ltd. on December 26, 2023. Announcement • Dec 22
Ningbo Sunrise Elc Technology Co.,Ltd Approves Cash Dividend for the Third Quarter 2023 Ningbo Sunrise Elc Technology Co.,Ltd announced that at the Extraordinary General Meeting of 2023 on 20 December 2023, approved 2023 third quarter profit distribution plan: Cash dividend per 10 shares (tax included) of CNY 1.00000000. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.22 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.25 (up from CN¥0.22 in 3Q 2022). Revenue: CN¥519.1m (up 1.8% from 3Q 2022). Net income: CN¥74.2m (up 12% from 3Q 2022). Profit margin: 14% (up from 13% in 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥487.7m (up 22% from 2Q 2022). Net income: CN¥63.9m (up 48% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.42, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 76% over the past three years. Announcement • May 26
Ningbo Sunrise Elc Technology Co.,Ltd Announces Final Cash Dividend on A Shares for 2022, Payable on 01 June 2023 Ningbo Sunrise Elc Technology Co.,Ltd announced final cash dividend of CNY 2.00000000 per 10 Shares on A shares for 2022. Record date is 31 May 2023, Ex-date is 01 June 2023 and Payment date is 01 June 2023. Reported Earnings • Apr 06
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: CN¥0.74 (up from CN¥0.39 in FY 2021). Revenue: CN¥1.77b (up 41% from FY 2021). Net income: CN¥219.1m (up 93% from FY 2021). Profit margin: 12% (up from 9.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥28.03, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 81% over the past three years. Announcement • Jan 04
Ningbo Sunrise Elc Technology Co.,Ltd Announces Board Elections Ningbo Sunrise Elc Technology Co.,Ltd at its EGM held on 30 December 2022 approved election of Zhang Zhongliang, Chen Songjie and Wang Peilong as non-independent directors, Zhao Shijun, Peng Yinghong, Xue Jinda and Sun Jianmin as independent directors and Fan Hongfeng as non-employee supervisors. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jinda Xue was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.09 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.09 in 3Q 2021). Revenue: CN¥509.8m (up 61% from 3Q 2021). Net income: CN¥66.4m (up 155% from 3Q 2021). Profit margin: 13% (up from 8.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥22.79, the stock trades at a trailing P/E ratio of 53.1x. Average trailing P/E is 29x in the Electronic industry in China. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥18.50, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 32x in the Electronic industry in China. Total returns to shareholders of 11% over the past three years. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.15 (vs CN¥0.082 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.15 (up from CN¥0.082 in 2Q 2021). Revenue: CN¥400.5m (up 48% from 2Q 2021). Net income: CN¥43.2m (up 69% from 2Q 2021). Profit margin: 11% (up from 9.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥22.31, the stock trades at a trailing P/E ratio of 60.4x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥19.17, the stock trades at a trailing P/E ratio of 51.9x. Average trailing P/E is 35x in the Electronic industry in China. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥17.05, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 31x in the Electronic industry in China. Total returns to shareholders of 8.1% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.13 in 1Q 2021). Revenue: CN¥354.9m (up 14% from 1Q 2021). Net income: CN¥34.0m (down 8.9% from 1Q 2021). Profit margin: 9.6% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 13% per year. Announcement • Apr 27
Ningbo Sunrise Elc Technology Co.,Ltd Announces Cash Dividend for 2021, Payable on May 5, 2022 Ningbo Sunrise Elc Technology Co.,Ltd announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend per 10 shares (tax included) of CNY 1.79713800, payable on May 5, 2022 with Record date of April 29, 2022 and Ex-date of May 5, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Jinda Xue was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 22
Ningbo Sunrise Elc Technology Co.,Ltd Approves 2021 Profit Distribution Plan Ningbo Sunrise Elc Technology Co.,Ltd at its Annual General Meeting of 2021 on 19 April 2022 approved 2021 profit distribution plan. The detailed profit distribution plan are as follows: 1) Cash dividend/10 shares (tax included): CNY 1.80000000. Announcement • Apr 02
Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, Apr 19, 2022 Ningbo Sunrise Elc Technology Co.,Ltd, Annual General Meeting, Apr 19, 2022, at 13:00 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 report and its summary; to consider 2021 annual accounts; to consider 2022 financial budget report; to consider 2021 profit distribution plan; to consider appointment of 2022 audit firm; to consider 2022 launching foreign exchange hedging business; to consider 2021 special report on the deposit and use of raised funds; to consider implementing results of 2021 connected transactions and estimation of 2022 connected transactions; and to transact other matters. Announcement • Mar 31
Ningbo Sunrise Elc Technology Co.,Ltd Proposes Final Dividend for 2021 Ningbo Sunrise Elc Technology Co.,Ltd proposed final dividend for 2021 of CNY 1.800000 per 10 shares. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: CN¥0.38 (vs CN¥0.43 in FY 2020) Full year 2021 results: EPS: CN¥0.38 (down from CN¥0.43 in FY 2020). Revenue: CN¥1.25b (up 20% from FY 2020). Net income: CN¥113.4m (down 11% from FY 2020). Profit margin: 9.1% (down from 12% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 11% per year. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥17.42, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 40x in the Electronic industry in China. Total loss to shareholders of 12% over the past three years. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.09 (vs CN¥0.12 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥317.4m (up 14% from 3Q 2020). Net income: CN¥26.0m (down 26% from 3Q 2020). Profit margin: 8.2% (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 fallen by 3% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.082 (vs CN¥0.12 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥271.4m (up 9.2% from 2Q 2020). Net income: CN¥25.6m (down 23% from 2Q 2020). Profit margin: 9.4% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.084 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥312.3m (up 48% from 1Q 2020). Net income: CN¥37.3m (up 52% from 1Q 2020). Profit margin: 12% (in line with 1Q 2020). Reported Earnings • Mar 24
Full year 2020 earnings released: EPS CN¥0.43 (vs CN¥0.47 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥1.04b (up 1.7% from FY 2019). Net income: CN¥127.2m (down 8.0% from FY 2019). Profit margin: 12% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Announcement • Feb 20
Ningbo Sunrise Elc Technology Co.,Ltd to Report Fiscal Year 2020 Results on Mar 24, 2021 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report fiscal year 2020 results on Mar 24, 2021 Is New 90 Day High Low • Feb 05
New 90-day low: CN¥11.43 The company is down 19% from its price of CN¥14.03 on 06 November 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 down 6.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥13.05 The company is down 6.0% from its price of CN¥13.87 on 23 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 1.0% over the same period. Reported Earnings • Oct 27
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥126.4m, down 6.4% from the prior year. Total revenue was CN¥997.3m over the last 12 months, down 3.6% from the prior year. Announcement • Oct 19
Ningbo Sunrise Elc Technology Co.,Ltd to Report Q3, 2020 Results on Oct 26, 2020 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report Q3, 2020 results on Oct 26, 2020 Announcement • Aug 04
Ningbo Sunrise Elc Technology Co.,Ltd to Report First Half, 2020 Results on Aug 25, 2020 Ningbo Sunrise Elc Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 25, 2020