New Risk • May 11
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 11% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.20 loss per share (vs CN¥0.16 loss in FY 2024) Full year 2025 results: CN¥0.20 loss per share (further deteriorated from CN¥0.16 loss in FY 2024). Revenue: CN¥162.6m (up 10.0% from FY 2024). Net loss: CN¥78.6m (loss widened 27% from FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Beijing Hanbang Technology Corp., Annual General Meeting, May 19, 2026 Beijing Hanbang Technology Corp., Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 31
Beijing Hanbang Technology Corp. to Report Q1, 2026 Results on Apr 28, 2026 Beijing Hanbang Technology Corp. announced that they will report Q1, 2026 results on Apr 28, 2026 New Risk • Feb 13
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 7.5% 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 Less than 1 year of cash runway based on free cash flow trend (-CN¥159m free cash flow). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Dec 31
Beijing Hanbang Technology Corp. to Report Fiscal Year 2025 Results on Apr 28, 2026 Beijing Hanbang Technology Corp. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: CN¥0.065 loss per share (vs CN¥0.059 loss in 3Q 2024) Third quarter 2025 results: CN¥0.065 loss per share (further deteriorated from CN¥0.059 loss in 3Q 2024). Revenue: CN¥31.8m (up 21% from 3Q 2024). Net loss: CN¥25.3m (loss widened 11% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Beijing Hanbang Technology Corp. to Report Q3, 2025 Results on Oct 29, 2025 Beijing Hanbang Technology Corp. announced that they will report Q3, 2025 results on Oct 29, 2025 New Risk • Sep 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥168m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. This is currently the only risk that has been identified for the company. Announcement • Jul 02
Beijing Hanbang Technology Corp. to Report First Half, 2025 Results on Aug 29, 2025 Beijing Hanbang Technology Corp. announced that they will report first half, 2025 results on Aug 29, 2025 Reported Earnings • Apr 24
First quarter 2025 earnings released: CN¥0.022 loss per share (vs CN¥0.005 profit in 1Q 2024) First quarter 2025 results: CN¥0.022 loss per share (down from CN¥0.005 profit in 1Q 2024). Revenue: CN¥52.2m (up 120% from 1Q 2024). Net loss: CN¥8.43m (down CN¥10.3m from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Apr 24
Beijing Hanbang Technology Corp., Annual General Meeting, May 15, 2025 Beijing Hanbang Technology Corp., Annual General Meeting, May 15, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 31
Beijing Hanbang Technology Corp. to Report Q1, 2025 Results on Apr 24, 2025 Beijing Hanbang Technology Corp. announced that they will report Q1, 2025 results on Apr 24, 2025 Board Change • Mar 28
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Li Zhang was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 21
Beijing Hanbang Technology Corp. Announces Board Appointments Beijing Hanbang Technology Corp. held its 1st Extraordinary General Meeting of 2025 on 17 January 2025, approved the appointment of Zhang Li, non-independent director, Jiang He, non-independent director, Gao Yan, non-independent director, Wu Xili, non-independent director. Zhang Yiyun, independent director, Chen Shouhai, independent director. Gao Xiangdong, non-employee supervisor and Song Mengya, non-employee supervisor. Announcement • Dec 31
Beijing Hanbang Technology Corp. to Report Fiscal Year 2024 Results on Apr 24, 2025 Beijing Hanbang Technology Corp. announced that they will report fiscal year 2024 results on Apr 24, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.059 loss per share (vs CN¥0.088 loss in 3Q 2023) Third quarter 2024 results: CN¥0.059 loss per share (improved from CN¥0.088 loss in 3Q 2023). Revenue: CN¥26.2m (up 40% from 3Q 2023). Net loss: CN¥22.7m (loss narrowed 13% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Beijing Hanbang Technology Corp. to Report Q3, 2024 Results on Oct 30, 2024 Beijing Hanbang Technology Corp. announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Aug 21
Huang Surong and Yang Defu completed the acquisition of Tianjin Putai Guoxin Technology Co., Ltd. from Beijing Hanbang Technology Corp. (SZSE:300449). Huang Surong and Yang Defu signed the equity transfer agreement to acquire Tianjin Putai Guoxin Technology Co., Ltd. from Beijing Hanbang Technology Corp. (SZSE:300449) for CNY 0 on August 12, 2024. As of May 31, 2024, Tianjin Putai Guoxin Technology Co., Ltd. reported total assets of CNY 54.49 million and net liabilities of CNY 6.41 million. The transaction has been approved by the board of Beijing Hanbang Technology.
Huang Surong and Yang Defu completed the acquisition of Tianjin Putai Guoxin Technology Co., Ltd. from Beijing Hanbang Technology Corp. (SZSE:300449) on August 19, 2024. Announcement • Jun 29
Beijing Hanbang Technology Corp. to Report First Half, 2024 Results on Aug 30, 2024 Beijing Hanbang Technology Corp. announced that they will report first half, 2024 results on Aug 30, 2024 New Risk • Jun 19
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 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 4.3% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Announcement • Apr 29
Beijing Hanbang Technology Corp., Annual General Meeting, May 30, 2024 Beijing Hanbang Technology Corp., Annual General Meeting, May 30, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Reported Earnings • Apr 28
Full year 2023 earnings released: CN¥0.43 loss per share (vs CN¥0.41 loss in FY 2022) Full year 2023 results: CN¥0.43 loss per share (further deteriorated from CN¥0.41 loss in FY 2022). Revenue: CN¥133.0m (up 7.2% from FY 2022). Net loss: CN¥127.3m (loss widened 4.8% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 15% per year. Announcement • Mar 30
Beijing Hanbang Technology Corp. to Report Q1, 2024 Results on Apr 27, 2024 Beijing Hanbang Technology Corp. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 05
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 7.2% 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 22% per year over the past 5 years. Minor Risks Negative equity (-CN¥8.3m). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Announcement • Dec 29
Beijing Hanbang Technology Corp. to Report Fiscal Year 2023 Results on Apr 27, 2024 Beijing Hanbang Technology Corp. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 01
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -CN¥8.3m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. 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¥16m free cash flow). Earnings have declined by 22% per year over the past 5 years. Minor Risk Negative equity (-CN¥8.3m). Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.088 loss per share (vs CN¥0.14 loss in 3Q 2022) Third quarter 2023 results: CN¥0.088 loss per share (improved from CN¥0.14 loss in 3Q 2022). Revenue: CN¥18.7m (down 50% from 3Q 2022). Net loss: CN¥26.2m (loss narrowed 36% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.06 loss per share (vs CN¥0.032 loss in 2Q 2022) Second quarter 2023 results: CN¥0.06 loss per share (further deteriorated from CN¥0.032 loss in 2Q 2022). Revenue: CN¥22.2m (up 41% from 2Q 2022). Net loss: CN¥15.8m (loss widened 87% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 26
Full year 2022 earnings released: CN¥0.41 loss per share (vs CN¥2.53 loss in FY 2021) Full year 2022 results: CN¥0.41 loss per share (improved from CN¥2.53 loss in FY 2021). Revenue: CN¥124.1m (down 58% from FY 2021). Net loss: CN¥121.5m (loss narrowed 84% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 14% 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. Board Change • Nov 16
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. Independent Director Jiehui Lin is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.14 loss per share (vs CN¥0.05 loss in 3Q 2021) Third quarter 2022 results: CN¥0.14 loss per share (further deteriorated from CN¥0.05 loss in 3Q 2021). Revenue: CN¥37.7m (up 33% from 3Q 2021). Net loss: CN¥41.1m (loss widened 152% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CN¥0.032 loss per share (vs CN¥0.03 loss in 2Q 2021) Second quarter 2022 results: CN¥0.032 loss per share (down from CN¥0.03 loss in 2Q 2021). Revenue: CN¥15.8m (down 89% from 2Q 2021). Net loss: CN¥8.42m (loss widened 4.5% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 20
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: CN¥2.53 loss per share (down from CN¥0.16 profit in FY 2020). Revenue: CN¥292.4m (down 31% from FY 2020). Net loss: CN¥754.1m (down CN¥801.8m from profit in FY 2020). Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: CN¥0.05 loss per share (vs CN¥0.02 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥28.3m (down 39% from 3Q 2020). Net loss: CN¥16.3m (down 370% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: CN¥0.03 loss per share (vs CN¥0.062 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: CN¥142.5m (up CN¥119.0m from 2Q 2020). Net loss: CN¥8.06m (down 150% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 18
Beijing Hanbang Technology Corp. announced that it expects to receive CNY 518.97048 million in funding from Beijing Muchao Holdings Co., Ltd. Beijing Hanbang Technology Corp. (SZSE:300449) announced a private placement of minimum of not less than 74,564,725 common shares and maximum of 89,477,669 common shares at an issue price of CNY 5.80 per shares for minimum gross proceeds of not less than CNY 432,475,400 and maximum proceeds of not more than CNY 518,970,480 on June 16, 2021. The transaction include participation from Beijing Muchao Holdings Co., Ltd for all shares in the transaction. The issuance price will not be less than 80% of the average price of the company’s stock price during the 20 trading days prior to the pricing base date. The transaction was approved in 45th meeting of the third board of directors of the company. The transaction is subjected to approval of perform management buy-out procedures, shareholders’ approval. The transaction was approved by Shenzhen Stock Exchange and China Securities Regulatory Commission. The securities are subjected to 18 months hold period. The company entered agreement with investor. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥1.71 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥423.9m (down 18% from FY 2019). Net income: CN¥47.7m (up CN¥566.9m from FY 2019). Profit margin: 11% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 10
New 90-day low: CN¥7.52 The company is down 37% from its price of CN¥11.98 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 7.0% over the same period. Announcement • Feb 25
Beijing Hanbang Technology Corp. to Report Fiscal Year 2020 Results on Mar 31, 2021 Beijing Hanbang Technology Corp. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Jan 28
New 90-day low: CN¥9.59 The company is down 14% from its price of CN¥11.15 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 31
New 90-day high: CN¥13.25 The company is up 13% from its price of CN¥11.76 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day low: CN¥11.14 The company is down 20% from its price of CN¥13.84 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥11.15 The company is down 16% from its price of CN¥13.22 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% 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¥497.5m, with losses widening by CN¥484.6m from the prior year. Total revenue was CN¥444.6m over the last 12 months, largely unchanged from the prior year. Announcement • Aug 11
Beijing Hanbang Technology Corp. to Report First Half, 2020 Results on Aug 27, 2020 Beijing Hanbang Technology Corp. announced that they will report first half, 2020 results on Aug 27, 2020 Announcement • Jun 19
Hunan All-pass Intelligent Technology Co., Ltd. agreed to acquire Beijing Yinheweiye Digital Technology Co., Ltd. from Beijing Hanbang Technology Corp. (SZSE:300449) for CNY 1. Hunan All-pass Intelligent Technology Co., Ltd. agreed to acquire Beijing Yinheweiye Digital Technology Co., Ltd. from Beijing Hanbang Technology Corp. (SZSE:300449) for CNY 1 on June 17, 2020. Beijing Yinheweiye Digital Technology reported total assets of CNY 485.1 million, revenue of CNY 150.4 million and net loss of CNY 145.9 million. The transaction was approved by the Board of Beijing Hanbang Technology. 