Board Change • Jul 02
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. Non-Independent Director Jiangtao Bai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 01
Suntront Technology Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Suntront Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.63, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 77x in the Electronic industry in China. Total returns to shareholders of 80% over the past three years. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥5.57, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 74x in the Electronic industry in China. Total returns to shareholders of 60% over the past three years. New Risk • May 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (123% cash payout ratio). Share price has been volatile over the past 3 months (9.2% average weekly change). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.28, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 73x in the Electronic industry in China. Total returns to shareholders of 47% over the past three years. Announcement • Mar 31
Suntront Technology Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Suntront Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: CN¥0.22 (vs CN¥0.17 in FY 2024) Full year 2025 results: EPS: CN¥0.22 (up from CN¥0.17 in FY 2024). Revenue: CN¥1.07b (up 20% from FY 2024). Net income: CN¥250.6m (up 31% from FY 2024). Profit margin: 24% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Mar 26
Suntront Technology Co., Ltd., Annual General Meeting, Apr 21, 2026 Suntront Technology Co., Ltd., Annual General Meeting, Apr 21, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Zhengzhou, Henan China Announcement • Dec 31
Suntront Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Suntront Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 New Risk • Dec 10
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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (182% cash payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to CN¥5.30, the stock trades at a trailing P/E ratio of 25.6x. Average trailing P/E is 55x in the Electronic industry in China. Total returns to shareholders of 64% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.071 (vs CN¥0.051 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.071 (up from CN¥0.051 in 3Q 2024). Revenue: CN¥271.7m (up 16% from 3Q 2024). Net income: CN¥80.6m (up 38% from 3Q 2024). Profit margin: 30% (up from 25% in 3Q 2024). 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 5% per year, which means it is well ahead of earnings. Announcement • Sep 30
Suntront Technology Co., Ltd. to Report Q3, 2025 Results on Oct 22, 2025 Suntront Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.046 (vs CN¥0.037 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.046 (up from CN¥0.037 in 2Q 2024). Revenue: CN¥305.6m (up 56% from 2Q 2024). Net income: CN¥51.7m (up 22% from 2Q 2024). Profit margin: 17% (down from 22% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jul 02
Suntront Technology Co., Ltd. to Report First Half, 2025 Results on Aug 22, 2025 Suntront Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 22, 2025 New Risk • May 18
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 15% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (262% cash payout ratio). Large one-off items impacting financial results. Announcement • Apr 22
Suntront Technology Co., Ltd. Proposes Final Cash Dividend for 2024 Suntront Technology Co., Ltd., on 21 April 2025, announced the profit distribution proposal for final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2024. Announcement • Apr 20
Suntront Technology Co., Ltd., Annual General Meeting, May 09, 2025 Suntront Technology Co., Ltd., Annual General Meeting, May 09, 2025, at 11:00 China Standard Time. Location: The Company's Meeting Room, Zhengzhou, Henan China Reported Earnings • Apr 19
Full year 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in FY 2023) Full year 2024 results: EPS: CN¥0.17 (down from CN¥0.18 in FY 2023). Revenue: CN¥890.1m (down 18% from FY 2023). Net income: CN¥191.6m (down 11% from FY 2023). Profit margin: 22% (up from 20% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥2.96, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 48x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years. Announcement • Mar 31
Suntront Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Suntront Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Suntront Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 19, 2025 Suntront Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 19, 2025 Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.00, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 47x in the Electronic industry in China. Total loss to shareholders of 5.7% over the past three years. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.051 (vs CN¥0.038 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.051 (up from CN¥0.038 in 3Q 2023). Revenue: CN¥234.5m (down 22% from 3Q 2023). Net income: CN¥58.5m (up 33% from 3Q 2023). Profit margin: 25% (up from 15% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 41% to CN¥3.47. The fair value is estimated to be CN¥2.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 31%. Announcement • Oct 25
Suntront Technology Co., Ltd. Proposes Cash Dividend for the Third Quarter of 2024 Suntront Technology Co., Ltd. proposed cash dividend of CNY 0.20000000 per 10 shares (tax included) for the third quarter of 2024. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥3.20, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. 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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (157% cash payout ratio). Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Sep 30
Suntront Technology Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Suntront Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to CN¥3.31, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.037 (vs CN¥0.04 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.037 (down from CN¥0.04 in 2Q 2023). Revenue: CN¥196.5m (down 23% from 2Q 2023). Net income: CN¥42.3m (down 8.1% from 2Q 2023). Profit margin: 22% (up from 18% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Aug 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to CN¥2.47. The fair value is estimated to be CN¥3.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 30%. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to CN¥2.48. The fair value is estimated to be CN¥3.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Earnings per share has declined by 30%. Announcement • Jun 29
Suntront Technology Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Suntront Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Declared Dividend • May 20
Dividend of CN¥0.07 announced Shareholders will receive a dividend of CN¥0.07. Ex-date: 23rd May 2024 Payment date: 23rd May 2024 Dividend yield will be 3.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (76% earnings payout ratio) but not covered by cash flows (120% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.21 in FY 2022) Full year 2023 results: EPS: CN¥0.18 (down from CN¥0.21 in FY 2022). Revenue: CN¥1.09b (down 3.1% from FY 2022). Net income: CN¥214.1m (down 13% from FY 2022). Profit margin: 20% (down from 22% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 08
Suntront Technology Co., Ltd. (SZSE:300259) announces an Equity Buyback for CNY 100 million worth of its shares. Suntront Technology Co., Ltd. (SZSE:300259) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of class A shares. The shares will be repurchased at a price of not more than CNY 3.50 per share. The shares purchased will be used to maintain company value and shareholder rights. The program will be valid till 3 months. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥2.76, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. Announcement • Dec 30
Suntront Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Suntront Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Board Change • Dec 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman Shengli Wang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.039 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.038. Revenue: CN¥299.0m (down 5.8% from 3Q 2022). Net income: CN¥44.1m (up 3.3% from 3Q 2022). Profit margin: 15% (up from 13% in 3Q 2022). The increase in margin was driven by lower expenses. Announcement • Sep 30
Suntront Technology Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Suntront Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Announcement • Sep 15
Suntront Technology Co., Ltd. Approves Interim Profit Distribution Plan for 2023, Payable on 20 September 2023 Suntront Technology Co., Ltd. announced 2023 interim profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 19 September 2023, Ex-date: 20 September 2023, Payment date: 20 September 2023. Announcement • Sep 07
Suntront Technology Co., Ltd. Approves Dividend Suntront Technology Co., Ltd. approved Cash dividend of CNY 0.50000000 per 10 shares (tax included) at its 1st Extraordinary General Meeting of 2023 on 5 September 2023. Announcement • Aug 22
Suntront Technology Co., Ltd. Proposes Dividend for the First Half of 2023 Suntront Technology Co., Ltd. proposed Cash dividend/10 shares (tax included) of CNY0.50000000 for the first half of 2023. New Risk • Aug 20
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: 20% Last year net profit margin: 31% 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 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 (20% net profit margin). Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.07 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.04 (down from CN¥0.07 in 2Q 2022). Revenue: CN¥256.0m (down 7.1% from 2Q 2022). Net income: CN¥46.0m (down 59% from 2Q 2022). Profit margin: 18% (down from 41% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year. Announcement • Jul 01
Suntront Technology Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Suntront Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.04 (vs CN¥0.01 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.04 (up from CN¥0.01 in 1Q 2022). Revenue: CN¥180.7m (down 1.8% from 1Q 2022). Net income: CN¥46.3m (up 478% from 1Q 2022). Profit margin: 26% (up from 4.4% in 1Q 2022). The increase in margin was driven by lower 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 11% per year, which means it is performing significantly worse than earnings. Announcement • Dec 31
Suntront Technology Co., Ltd. Announces Board Appointments Suntront Technology Co., Ltd. announced the election of Wang Shengli, Song Jidong, Zhang Lei and Bai Jiangtao as non-independent directors. The company also announced the election of Wu Yueping as independent director, at the EGM held on December 30, 2022. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Director Jun Wang is the most experienced director on the board, commencing their role in 2010. Independent Director Tiejun Chen was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.039 (vs CN¥0.12 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.039 (down from CN¥0.12 in 3Q 2021). Revenue: CN¥317.3m (down 1.9% from 3Q 2021). Net income: CN¥42.7m (down 68% from 3Q 2021). Profit margin: 13% (down from 42% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.081 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.07. Revenue: CN¥275.4m (flat on 2Q 2021). Net income: CN¥112.8m (up 21% from 2Q 2021). Profit margin: 41% (up from 34% in 2Q 2021). Announcement • May 18
Suntront Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2021, Payable on May 23, 2022 Suntront Technology Co., Ltd. announced final cash dividend on A shares (tax included) is CNY 1.5000000 per 10 shares for the year 2021. Record date is May 20, 2022. EX-date is May 23, 2022. The dividend will be payable on May 23, 2022. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.01 (down from CN¥0.06 in 1Q 2021). Revenue: CN¥183.9m (down 11% from 1Q 2021). Net income: CN¥8.02m (down 89% from 1Q 2021). Profit margin: 4.4% (down from 36% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Haibo Du was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Suntront Technology Co., Ltd., Annual General Meeting, Apr 27, 2022 Suntront Technology Co., Ltd., Annual General Meeting, Apr 27, 2022, at 14:30 China Standard Time. Agenda: To discuss 2021 annual Report; to review 2021 board of director Report;to discuss 2021 work report of the supervisory committee; to discuss 22021 annual accounts; and other subject matters. Reported Earnings • Apr 01
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.35 (up from CN¥0.32 in FY 2020). Revenue: CN¥1.19b (flat on FY 2020). Net income: CN¥413.4m (up 9.0% from FY 2020). Profit margin: 35% (up from 32% in FY 2020). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 01
Xintian Technology Announces Final Cash Dividend Proposal for 2021 Xintian Technology announced on 31 March 2022 the final cash dividend proposal for 2021. Cash dividend/10 shares (tax included): CNY 1.50000000. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.13 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥323.4m (down 4.1% from 3Q 2020). Net income: CN¥134.9m (down 11% from 3Q 2020). Profit margin: 42% (down from 45% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.088 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥273.4m (down 3.4% from 2Q 2020). Net income: CN¥93.1m (up 25% from 2Q 2020). Profit margin: 34% (up from 26% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 27
Suntront Technology Co., Ltd. (SZSE:300259) and Zhi Qi agreed to acquire an additional 28% stake in Henan Suntront Intelligent Technology Co., Ltd. from Song Xiangdong and Song Xiaodong for CNY 0.56 million. Suntront Technology Co., Ltd. (SZSE:300259) and Zhi Qi agreed to acquire an additional 28% stake in Henan Suntront Intelligent Technology Co., Ltd. from Song Xiangdong and Song Xiaodong for CNY 0.56 million on May 24, 2021. Zhi Qi will acquire 12% stake from Song Xiangdong for CNY 0.24 million. Suntront Technology Co., Ltd. will acquire an additional 6% stake and 10% stake from Song Xiangdong and Song Xiaodong for CNY 0.12 million and CNY 0.2 million respectively. Prior to the transaction, Suntront Technology Co., Ltd. held 54% stake, Song Xiangdong held 18% stake, Song Xiaodong held 10% stake and Zhi Qi held no stake. After the transaction, Suntront Technology Co., Ltd. will hold 70% stake, Zhi Qi will hold 12% stake and Song Xiangdong and Song Xiaodong will hold no stake in Henan Suntront Intelligent Technology Co., Ltd.
Henan Suntront Intelligent Technology Co., Ltd. reported total assets of CNY 0.61 million and net assets of CNY 0.22 million as at March 31, 2021. Henan Suntront Intelligent Technology Co., Ltd. reported revenues of CNY 0.36 million and net loss of CNY 0.06 million for the three months period ending March 31, 2021. The transaction does not need shareholders' approval. The transaction has been approved by Board of Directors of Suntront Technology Co., Ltd. on May 24, 2021 Announcement • May 12
Suntront Technology Co., Ltd. Implements Final Distribution Plan for A Shares for 2020, Payable on May 19, 2021 Suntront Technology Co., Ltd. .implemented final distribution plan for A shares of cash dividend per 10 shares (tax included) of CNY 0.900000000 for 2019. Record date is May 18, 2021. Ex-date is May 19, 2021. Payment date is May 19, 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.06 (vs CN¥0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥205.7m (up 56% from 1Q 2020). Net income: CN¥74.1m (up 154% from 1Q 2020). Profit margin: 36% (up from 22% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.32 (vs CN¥0.23 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.19b (up 1.2% from FY 2019). Net income: CN¥379.2m (up 39% from FY 2019). Profit margin: 32% (up from 23% in FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Suntront Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Suntront Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Feb 03
New 90-day low: CN¥4.24 The company is down 31% from its price of CN¥6.12 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is flat over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥4.76 The company is down 9.0% from its price of CN¥5.22 on 30 September 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 9.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥5.00 The company is down 15% from its price of CN¥5.85 on 17 September 2020. The Chinese market is up 3.0% 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. Announcement • Nov 20
Henan Wodafeng Investment Co., Ltd. signed an agreement to acquire additional 25% in Zhengzhou Wonder Electrical Power Co.,Ltd from Suntront Technology Co., Ltd. (SZSE:300259) for CNY 50 million. Henan Wodafeng Investment Co., Ltd. signed an agreement to acquire additional 25% in Zhengzhou Wonder Electrical Power Co.,Ltd from Suntront Technology Co., Ltd. (SZSE:300259) for CNY 50 million on November 16, 2020. Within 20 days of agreement, the consideration will be paid. At the time of agreement, Henan Wodafeng Investment Co., Ltd. holds 5.9% and Suntront Technology Co., Ltd. holds 52.5%. Post completion, it will change to 30.93% and 27.5% respectively. For the year ended December 31, 2019, Zhengzhou Wonder Electrical Power Co.,Ltd reported revenues of CNY 96.9 million and net profit of CNY 20.4 million whereas as on September 30, 2020, Zhengzhou Wonder Electrical Power Co.,Ltd reported total assets of CNY 169.9 million and net assets of CNY 137.4 million. This transaction has been approved by the General Manager of Suntront. According to the Shenzhen Stock Exchange, this transaction does not need to be submitted to the Board. The deal needs approval from National Share Transfer System and China Securities Depository and Clearing Co., Ltd. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥361.4m, up 74% from the prior year. Total revenue was CN¥1.19b over the last 12 months, up 12% from the prior year. Announcement • Jul 25
Suntront Technology Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Suntront Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020