New Risk • Jul 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CN¥71.1m (US$9.79m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (CN¥71.1m market cap, or US$9.79m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Announcement • Jun 28
Sansheng Intellectual Education Technology CO.,LTD.(SZSE:300282) dropped from Shenzhen Stock Exchange Composite Index Beijing IRTOUCH Systems Co., Ltd. has been dropped from Shenzhen Stock Exchange Composite Index Announcement • Jun 27
Sansheng Intellectual Education Technology CO.,LTD.(SZSE:300282) dropped from Shenzhen Stock Exchange A Share Index Beijing IRTOUCH Systems Co., Ltd.has been removed from Shenzhen Stock Exchange A Share Index. Announcement • Mar 30
Sansheng Intellectual Education Technology CO.,LTD. to Report Q1, 2024 Results on Apr 27, 2024 Sansheng Intellectual Education Technology CO.,LTD. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Jan 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥703.7m (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥182m free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 32% per year over the past 5 years. Minor Risk Market cap is less than US$100m (CN¥703.7m market cap, or US$99.1m). Announcement • Dec 30
Sansheng Intellectual Education Technology CO.,LTD. to Report Fiscal Year 2023 Results on Apr 22, 2024 Sansheng Intellectual Education Technology CO.,LTD. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 23
Third quarter 2023 earnings released: CN¥0.032 loss per share (vs CN¥0.15 loss in 3Q 2022) Third quarter 2023 results: CN¥0.032 loss per share (improved from CN¥0.15 loss in 3Q 2022). Revenue: CN¥102.9m (up 77% from 3Q 2022). Net loss: CN¥12.0m (loss narrowed 79% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Sansheng Intellectual Education Technology CO.,LTD. to Report Q3, 2023 Results on Oct 23, 2023 Sansheng Intellectual Education Technology CO.,LTD. announced that they will report Q3, 2023 results on Oct 23, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: CN¥0.034 loss per share (vs CN¥0.25 loss in 2Q 2022) Second quarter 2023 results: CN¥0.034 loss per share (improved from CN¥0.25 loss in 2Q 2022). Revenue: CN¥39.2m (down 39% from 2Q 2022). Net loss: CN¥14.0m (loss narrowed 82% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Ziran Tang 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 28
Third quarter 2022 earnings released: CN¥0.15 loss per share (vs CN¥0.045 loss in 3Q 2021) Third quarter 2022 results: CN¥0.15 loss per share (further deteriorated from CN¥0.045 loss in 3Q 2021). Revenue: CN¥58.2m (down 49% from 3Q 2021). Net loss: CN¥56.8m (loss widened 233% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Oct 19
Sansheng Intellectual Education Technology Co.,Ltd. Announces Executive Appointments Sansheng Intellectual Education Technology CO.,LTD. at the 3rd Extraordinary General Meeting held on 17 October 2022, approved election of non-independent directors ahead of schedule, cumulative voting system applicable: Tang Ziran; Election of independent directors ahead of schedule, cumulative voting system applicable: Tan Zhuzhong and Dong Renzhou; Election of non-employee supervisors ahead of schedule, cumulative voting system applicable: Liu Fengmin. Reported Earnings • Aug 31
Second quarter 2022 earnings released: CN¥0.25 loss per share (vs CN¥0.049 loss in 2Q 2021) Second quarter 2022 results: CN¥0.25 loss per share (down from CN¥0.049 loss in 2Q 2021). Revenue: CN¥63.7m (down 35% from 2Q 2021). Net loss: CN¥78.6m (loss widened 325% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • Aug 10
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Director Qiang Lin 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 • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: CN¥0.02 loss per share (vs CN¥0.02 loss in 1Q 2021). Revenue: CN¥58.4m (down 22% from 1Q 2021). Net loss: CN¥8.60m (loss widened 15% from 1Q 2021). Revenue missed analyst estimates by 20%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Sansheng Intellectual Education Technology CO.,LTD. to Report Fiscal Year 2021 Final Results on Apr 29, 2022 Sansheng Intellectual Education Technology CO.,LTD. announced that they will report fiscal year 2021 final results on Apr 29, 2022 Board Change • Oct 31
High number of new directors Independent Director Feng Liu was the last director to join the board, commencing their role in 2021. Reported Earnings • Oct 27
Third quarter 2021 earnings released: CN¥0.045 loss per share (vs CN¥0.12 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CN¥114.6m (up 4.0% from 3Q 2020). Net loss: CN¥17.0m (loss narrowed 63% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 25
Second quarter 2021 earnings released: CN¥0.049 loss per share (vs CN¥0.018 loss in 2Q 2020) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥98.4m (up 48% from 2Q 2020). Net loss: CN¥18.5m (loss widened 166% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 21
Full year 2020 earnings released: CN¥1.91 loss per share (vs CN¥0.03 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥357.2m (down 48% from FY 2019). Net loss: CN¥713.7m (down CN¥725.7m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
Sansheng Intellectual Education Technology CO.,LTD. to Report Fiscal Year 2020 Results on Apr 21, 2021 Sansheng Intellectual Education Technology CO.,LTD. announced that they will report fiscal year 2020 results on Apr 21, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥3.92 The company is down 35% from its price of CN¥6.02 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥4.46 The company is down 30% from its price of CN¥6.34 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 09
New 90-day low: CN¥5.17 The company is down 17% from its price of CN¥6.21 on 10 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 5.0% over the same period. Is New 90 Day High Low • Nov 01
New 90-day low: CN¥6.02 The company is down 1.0% from its price of CN¥6.10 on 03 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥113.3m, with earnings decreasing by CN¥209.6m from the prior year. Total revenue was CN¥418.8m over the last 12 months, down 46% from the prior year. Announcement • Sep 22
Wang Wenqing and a Shenzhen based company acquired 25.53% stake in Beijing IRTOUCH Systems Co., Ltd. (SZSE:300282). Wang Wenqing and a Shenzhen based company acquired 25.53% stake in Beijing IRTOUCH Systems Co., Ltd. (SZSE:300282) on July 8, 2014. As part of the acquisition, Wang Wenqing and the company acquired 23.2 million shares of Beijing IRTOUCH. Shenzhen-based industrial company's acquired 13.6 million shares. Wang Wenqing acquired 9.6 million shares. Post closing, Wang Wenqing and a Shenzhen based company collectively own 25.53% stake in Beijing IRTOUCH Systems Co., Ltd.
Wang Wenqing and a Shenzhen based company completed the acquisition of 25.53% stake in Beijing IRTOUCH Systems Co., Ltd. (SZSE:300282) on July 8, 2014. Announcement • Aug 10
Sansheng Intellectual Education Technology CO.,LTD. to Report First Half, 2020 Results on Aug 26, 2020 Sansheng Intellectual Education Technology CO.,LTD. announced that they will report first half, 2020 results on Aug 26, 2020 