Announcement • May 29
Yealink Network Announces Final Profit Distribution Plan to Be Implemented on A Share for 2025, Payable on May 29, 2026 Yealink Network announced a final profit distribution plan to be implemented on A share with cash dividend of CNY 13.000 per 10 shares for 2025. The record date is May 28, 2026, and the payment date is May 29, 2026. The ex-date is May 29, 2026. Reported Earnings • Apr 22
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥2.06 (down from CN¥2.10 in FY 2024). Revenue: CN¥6.03b (up 7.3% from FY 2024). Net income: CN¥2.60b (down 1.8% from FY 2024). Profit margin: 43% (down from 47% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Apr 22
Yealink Network Technology Co., Ltd., Annual General Meeting, May 15, 2026 Yealink Network Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 10F, No. 666, Hu'an Road, Huli District, Xiamen, Fujian China Announcement • Mar 31
Yealink Network Technology Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Yealink Network Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: CN¥2.05 (vs CN¥2.10 in FY 2024) Full year 2025 results: EPS: CN¥2.05 (down from CN¥2.10 in FY 2024). Revenue: CN¥6.03b (up 7.3% from FY 2024). Net income: CN¥2.60b (down 1.8% from FY 2024). Profit margin: 43% (down from 47% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Yealink Network Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Yealink Network Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: EPS: CN¥0.57 (vs CN¥0.56 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.57 (up from CN¥0.56 in 3Q 2024). Revenue: CN¥1.65b (up 14% from 3Q 2024). Net income: CN¥718.1m (up 1.9% from 3Q 2024). Profit margin: 44% (down from 49% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Yealink Network Technology Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Yealink Network Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Declared Dividend • Sep 25
First half dividend reduced to CN¥0.50 Dividend of CN¥0.50 is 17% lower than last year. Ex-date: 29th September 2025 Payment date: 29th September 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (90.0% earnings payout ratio) nor is it covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 43% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 53% over the next 3 years, which should maintain adequate earnings cover for the dividend. Announcement • Aug 27
Yealink Network Technology Co., Ltd. Proposes Interim Cash Dividend for the Year 2025 Yealink Network Technology Co., Ltd. at its 2nd Extraordinary General Meeting of 2025 to be held on 17 September 2025, proposed interim cash dividend/10 shares (tax included) of CNY 5.00000000 for the year 2025. Buy Or Sell Opportunity • Aug 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.4% to CN¥38.53. The fair value is estimated to be CN¥31.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 9.2%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Announcement • Jul 02
Yealink Network Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Yealink Network Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Declared Dividend • May 29
Dividend increased to CN¥1.30 Dividend of CN¥1.30 is 44% higher than last year. Ex-date: 30th May 2025 Payment date: 30th May 2025 Dividend yield will be 5.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio) nor is it adequately covered by cash flows (95% cash payout ratio). The dividend has increased by an average of 43% per year over the past 8 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 1.0% to bring the payout ratio under control. EPS is expected to grow by 46% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 22
Yealink Network Technology Co., Ltd. Approves Final Cash Dividend for the Year 2024 Yealink Network Technology Co., Ltd. at its AGM held on 20 May 2025, approved Cash dividend/10 shares (tax included): CNY 13.00000000 for the year 2024. Price Target Changed • Apr 23
Price target decreased by 9.1% to CN¥44.56 Down from CN¥49.00, the current price target is an average from 5 analysts. New target price is 32% above last closing price of CN¥33.68. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of CN¥2.37 for next year compared to CN¥2.10 last year. Buy Or Sell Opportunity • Apr 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to CN¥33.68. The fair value is estimated to be CN¥42.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • Apr 22
First quarter 2025 earnings released: EPS: CN¥0.45 (vs CN¥0.45 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.45 (down from CN¥0.45 in 1Q 2024). Revenue: CN¥1.21b (up 3.6% from 1Q 2024). Net income: CN¥562.1m (down 1.2% from 1Q 2024). Profit margin: 47% (down from 49% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 22
Yealink Network Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Yealink Network Technology Co., Ltd. proposed final cash dividend of CNY 13.000000 per 10 shares (tax included) for the year 2024. Announcement • Apr 21
Yealink Network Technology Co., Ltd., Annual General Meeting, May 20, 2025 Yealink Network Technology Co., Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: 10F, No. 666, Hu'an Road, Huli District, Xiamen, Fujian China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥33.83, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 35x in the Communications industry in China. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.75 per share. Announcement • Mar 31
Yealink Network Technology Co., Ltd. to Report Q1, 2025 Results on Apr 21, 2025 Yealink Network Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 21, 2025 Buy Or Sell Opportunity • Mar 25
Now 21% undervalued Over the last 90 days, the stock has risen 5.7% to CN¥41.04. The fair value is estimated to be CN¥51.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: CN¥2.09 (vs CN¥1.59 in FY 2023) Full year 2024 results: EPS: CN¥2.09 (up from CN¥1.59 in FY 2023). Revenue: CN¥5.62b (up 29% from FY 2023). Net income: CN¥2.64b (up 32% from FY 2023). Profit margin: 47% (in line with FY 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Dec 31
Yealink Network Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 21, 2025 Yealink Network Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 21, 2025 Price Target Changed • Oct 26
Price target increased by 11% to CN¥48.46 Up from CN¥43.84, the current price target is an average from 5 analysts. New target price is 21% above last closing price of CN¥39.96. Stock is up 24% over the past year. The company is forecast to post earnings per share of CN¥2.01 for next year compared to CN¥1.59 last year. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: CN¥0.56 (vs CN¥0.46 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.56 (up from CN¥0.46 in 3Q 2023). Revenue: CN¥1.44b (up 22% from 3Q 2023). Net income: CN¥704.4m (up 21% from 3Q 2023). Profit margin: 49% (in line with 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. 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 10% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Yealink Network Technology Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Yealink Network Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥42.28, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥68.73 per share. Declared Dividend • Sep 21
First half dividend of CN¥0.60 announced Shareholders will receive a dividend of CN¥0.60. Ex-date: 26th September 2024 Payment date: 26th September 2024 Dividend yield will be 4.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (108% cash payout ratio). The dividend has increased by an average of 50% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 20
Yealink Network Technology Co., Ltd. Announces Interim Cash Dividend of the Year 2024 of A Shares, Payable on 26 September 2024 Yealink Network Technology Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY 6.00000000 for year 2024 of A shares. Record date is 25 September 2024. Ex-date is 26 September 2024. Payment date is 26 September 2024. Announcement • Sep 13
Yealink Network Technology Co., Ltd. Approves Interim Cash Dividend for the Year 2024 Yealink Network Technology Co., Ltd. at its Extraordinary General Meeting held on 11 September 2024, approved interim cash dividend per ten shares (tax included) of CNY 6.00000000 for the year 2024. Price Target Changed • Sep 09
Price target decreased by 9.2% to CN¥43.54 Down from CN¥47.94, the current price target is an average from 5 analysts. New target price is 31% above last closing price of CN¥33.20. Stock is down 7.9% over the past year. The company is forecast to post earnings per share of CN¥1.99 for next year compared to CN¥1.59 last year. Announcement • Sep 05
Yealink Unveils the Meetingbar A40: A Simple, Powerful, and Secure Solution for Hybrid Meetings Yealink, introduced Android-based all-in-one video bars, continues to lead the way with the MeetingBar A40—an ideal solution for premium small to medium rooms, offering unmatched simplicity, performance, and security for hybrid meetings. Effortless Setup with One-Cable Simplicity; Say goodbye to the clutter of tangled cables and complex configurations. The MeetingBar A40 simplifies deployment with its innovative One-Cable Solution. Here's what sets it apart: Single Cat5e Cable Connection: Connect a single Cat5e cable from the bar to the touch console to handle both power and network connectivity. This streamlined approach eliminates the need for additional cables, and automatic sync upon signing in ensures a hassle-free start. All-in-One USB-C Cable: A single USB-C cable connects the touch console to PC, managing 4K content sharing, BYOD, and power delivery. No more juggling HDMI cable, VCH cord, or PD charger—just one cable on the table for all needs. Elevating Hybrid Meeting Experiences; Hybrid meetings can often leave remote participants feeling disconnected from those who are attending in person. The MeetingBar A40 addresses this with its cutting-edge dual-camera system, powered by AI. The ultra-wide view ensures every participant is visible, while the IntelliFocus feature dynamically adjusts to active speakers. This ensures that all are seen and contributes to a more inclusive and engaging meeting. Background noise can disrupt communication in hybrid settings, but the A40 tackles these challenges with its advanced AI-enhanced audio technology. Featuring an 8-MEMS beamforming microphone array, it captures voices from all directions with clarity. Coupled with a full-duplex audio and powerful stereo speakers, the A40 delivers an immersive, crystal-clear audio experience. Future-Proof Security with Android; Running on Android 13 and integrated with the Microsoft Device Ecosystem Platform (MDEP), the MeetingBar A40 ensures robust security and future readiness. Features such as Secure Boot, Hardware Attestation, Microsoft PKI, and Secure Pairing provide comprehensive protection against potential threats, giving peace of mind in every meeting. Yealink's MeetingBar A40 is more than just a piece of technology; it's a game-changer for today's dynamic work environments. With its blend of simplicity, inclusivity, and advanced security, the A40 is poised to elevate hybrid meetings to new heights. Discover the future of meetings with Yealink. Announcement • Aug 28
Yealink Network Technology Co., Ltd. Proposes Dividend for the First Half of 2024 Yealink Network Technology Co., Ltd. proposed Cash dividend/10 shares (tax included): CNY 6.00000000 for the first half of 2024. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.63 (vs CN¥0.48 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.63 (up from CN¥0.48 in 2Q 2023). Revenue: CN¥1.50b (up 30% from 2Q 2023). Net income: CN¥791.7m (up 31% from 2Q 2023). Profit margin: 53% (in line with 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Yealink Network Technology Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Yealink Network Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Declared Dividend • May 30
Dividend of CN¥0.90 announced Shareholders will receive a dividend of CN¥0.90. Ex-date: 4th June 2024 Payment date: 4th June 2024 Dividend yield will be 3.7%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 50% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 29
Yealink Network Technology Co., Ltd. Implements 2023 Final Profit Distribution (A Shares), Payable on 04 June 2024 Yealink Network Technology Co., Ltd. implemented 2023 final profit distribution plan (A shares): cash dividend/10 shares (tax included) of CNY 9.00000000. Record date is 03 June 2024, ex-date is 04 June 2024 and payment date is 04 June 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.45 (vs CN¥0.34 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.45 (up from CN¥0.34 in 1Q 2023). Revenue: CN¥1.16b (up 31% from 1Q 2023). Net income: CN¥568.6m (up 35% from 1Q 2023). Profit margin: 49% (up from 48% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Apr 23
Yealink Network Technology Co., Ltd., Annual General Meeting, May 15, 2024 Yealink Network Technology Co., Ltd., Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: 10F, No. 666, Hu'an Road, Huli District, Xiamen, Fujian China Announcement • Apr 17
Yealink Introduces the MVC S40, Transforming Hybrid Workspaces Yealink is addressing the evolving challenges of hybrid workplaces, where flexibility in collaboration methods and locations is increasing. A concerning statistic from the Work Trend Index Annual Report reveals that 43% of remote employees feel disconnected during video conferences, resulting in less efficient meetings. To combat this issue, Yealink has launched its latest innovation, the MVC S40. This new product builds on the success of last year's Windows-based MVC series, integrating advanced AI technology to enhance the hybrid meeting experience and bridge the gap between virtual and in-person communication. In hybrid meetings, remote participants often struggle to feel included, appearing small and distant on the screen. The MVC S40 changes the game with its innovative dual-camera system, powered by AI. It captures an ultra-wide view, ensuring everyone is visible, while the IntelliFocus feature dynamically adjusts the camera focus to highlight active speakers. This inclusivity fosters equality, empowering all participants to contribute confidently, just like in face-to-face meetings. Effective collaboration hinges on clear communication, but background noise and echoes can disrupt hybrid meetings. The MVC S40 tackles this challenge head-on with AI-enhanced audio capabilities. Its 8-MEMS beamforming microphone captures voices from all directions, while a full-duplex audio algorithm ensures crystal-clear, noise-free transmission, even during simultaneous speech. Combined with powerful stereo speakers, the MVC S40 creates an immersive meeting environment conducive to effective collaboration. To further enhance your meeting experience, Yealink has introduced the Trade-in Program, offering up to a 35% discount on the MVC series. Whether you're upgrading from Yealink or other leading vendors' video conferencing devices, the program provides a hassle-free solution to ensure you stay ahead of the curve. By participating, you not only mitigate security risks associated with Microsoft's Windows upgrade policy but also harness the power of AI to unlock unprecedented collaboration and productivity. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥29.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 29x in the Communications industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.88 per share. Announcement • Mar 30
Yealink Network Technology Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Yealink Network Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Mar 23
Yealink Announces the Launch of the Revolutionary Bh70 Bluetooth Headset: the Future of Business Communication Yealink is proud to introduce the Yealink BH70 Bluetooth Headset. With the rise of hybrid work models, companies are adapting their work models to support remote and flexible work arrangements. This device is crafted to address the diverse demands of a hybrid workforce, enabling seamless connectivity and productivity without geographical constraints. As the concept of workspaces transitions to support hybrid models, the necessity for high-performance business headsets has escalated. SurveyMonkey indicates that 40% of companies are redefining their work models to accommodate hybrid arrangements, focusing on the physical workspace, tools, and endpoints essential for a versatile and connected workforce. The Yealink BH70 Bluetooth Headset is a pivotal tool for professionals who require consistent and clear communication across various locations. The vast array of available technology makes the choice of an ideal business headset challenging. Users often face a trade-off between advanced features and affordability. Yealink's BH70 Bluetooth Headset eliminates this compromise, offering premium features without the premium price. Yealink's BH70 Bluetooth Headset is a testament to the company's commitment to providing advanced, accessible technology. It boasts: Industry-leading 3-Mic noise cancellation technology, ensuring clarity in noisy environments. An ergonomic design for sustained comfort during prolonged use. A stable and reliable Bluetooth connection is essential for uninterrupted communication. The Yealink BH70 is not merely an audio device; it is a productivity-enhancing tool tailored to meet the varied requirements of modern professionals. Reported Earnings • Feb 24
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: CN¥1.60 (down from CN¥1.73 in FY 2022). Revenue: CN¥4.36b (down 9.4% from FY 2022). Net income: CN¥2.02b (down 7.1% from FY 2022). Profit margin: 46% (up from 45% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 24% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Dec 29
Yealink Network Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Yealink Network Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 Buying Opportunity • Nov 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥40.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 49% in the next 2 years. Price Target Changed • Oct 27
Price target decreased by 9.7% to CN¥45.79 Down from CN¥50.73, the current price target is an average from 5 analysts. New target price is 42% above last closing price of CN¥32.30. Stock is down 32% over the past year. The company is forecast to post earnings per share of CN¥1.66 for next year compared to CN¥1.73 last year. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.51 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.46 (down from CN¥0.51 in 3Q 2022). Revenue: CN¥1.18b (down 3.5% from 3Q 2022). Net income: CN¥584.7m (down 9.2% from 3Q 2022). Profit margin: 50% (down from 53% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Yealink Network Technology Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Yealink Network Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Announcement • Sep 22
Yealink Network Technology Co., Ltd. Declares Implementation Interim Profit Distribution Plan as Cash Dividend/10 A Shares, Payable on September 27, 2023 Yealink Network Technology Co., Ltd. declared implemented interim profit distribution plan as Cash dividend/10 A shares (tax included) of CNY 5.00000000, Record date: 26 September 2023; Ex-date: 27 September 2023; Payment date: 27 September 2023. Announcement • Sep 19
Yealink Network Technology Co., Ltd. Announces Interim Profit Distribution Plan for 2023 Yealink Network Technology Co., Ltd. held its 2nd Extraordinary General Meeting of 2023 on 15 September 2023 were approved 2023 interim profit distribution plan as Cash dividend/10 shares (tax included): CNY 5.00000000. Announcement • Sep 02
Yealink Network Technology Co., Ltd. Announces Interim Dividend for the First Half of 2023 Yealink Network Technology Co., Ltd. announced on 31 August 2023 the profit distribution proposal for the first half of 2023 as follows: Cash dividend/10 shares (tax included): CNY 5.00000000. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥39.86, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 27x in the Communications industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥47.45 per share. Price Target Changed • Jul 18
Price target decreased by 7.9% to CN¥51.35 Down from CN¥55.78, the current price target is an average from 4 analysts. New target price is 36% above last closing price of CN¥37.81. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥2.03 for next year compared to CN¥1.73 last year. Buying Opportunity • Jun 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be CN¥44.36, however this is not to be taken as a buy 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 21%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 63% in the next 2 years. Announcement • May 30
Yealink Network Technology Co., Ltd. Approves Profit Distribution for 2022, Payable on 02 June 2023 Yealink Network Technology Co., Ltd. approved cash dividend per 10 shares (tax included) of CNY 13.00000000 for 2022 at its annual general meeting. Record date: 01 June 2023. Ex-date: 02 June 2023. Payment date: 02 June 2023. Announcement • May 19
Yealink Network Technology Co., Ltd. Approves Cash Dividend for 2022 Yealink Network Technology Co., Ltd. approved Cash dividend/10 shares (tax included) of CNY 13.00000000 for 2022 at its Annual General Meeting of 2022 on 15 May 2023. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.47 (vs CN¥0.54 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.47 (down from CN¥0.54 in 1Q 2022). Revenue: CN¥888.6m (down 15% from 1Q 2022). Net income: CN¥422.9m (down 13% from 1Q 2022). Profit margin: 48% (in line with 1Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥79.65, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.81 per share. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥72.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Communications industry in China. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥65.83 per share. Price Target Changed • Jan 21
Price target decreased to CN¥92.55 Down from CN¥100, the current price target is an average from 5 analysts. New target price is 49% above last closing price of CN¥62.00. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥2.40 for next year compared to CN¥1.80 last year. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Director Junli Zhang was the last 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: Insufficient board refreshment. Announcement • Nov 05
Yealink Announces Release of its New MeetingBar A10 Yealink announced the release of its new MeetingBar A10, specially designed for meetings in huddle spaces. The Yealink MeetingBar A10 caters to all the huddle space meeting needs. It is compact enough to fit in anywhere. Customers can set up within minutes and kick off their huddle space meeting in seconds. Furthermore, compared with USB peripheral solutions, MeetingBar A10 offers more: powerful video and audio, native meeting control and remote device management. The Yealink MeetingBar A10 is fully certified by and fully compatible with leading video platforms such as Microsoft Teams and Zoom. It also adds flexibility as a standalone USB peripheral. No matter what platform a company starts with, later when migrating to a native experience like Microsoft Teams or Zoom, the transition can be completed seamlessly. Though compact, the bar packs powerful AI-enhanced video and audio features. The AI-powered camera features real-time and precise Auto Framing and Speaker Tracking. Yealink's deep learning intelligent audio analysis technology erases background noises. Thanks to this powerful video and audio technology, everyone gets an equal seat in the meeting. When working as a peripheral device, A10 supports wireless connection with WPP30 presentation pod. Simply plug the WPP30 pod into the laptop's USB-C port, rich video and audio from A10 are shared immediately without the need for installing software or drivers. The Yealink MeetingBar A10 can be monitored, controlled and upgraded remotely with a free YMCS (Yealink Management Cloud Service) account. Whether its firmware updates, configuration updates, or troubleshooting, can all be done remotely. With the introduction of the MeetingBar A10, expected to be available in December 2022, Yealink adds to its impressive portfolio of Android-based video meeting solutions. DeskVision A24 for phone room and hot-desking collaboration; MeetingBar A10 for huddle spaces and home office; MeetingBar A20 for small rooms; MeetingBar A30 for medium-to-large rooms; MeetingBoard for all sizes of rooms, from manager's office to large rooms. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.71 (vs CN¥0.46 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.71 (up from CN¥0.46 in 3Q 2021). Revenue: CN¥1.22b (up 39% from 3Q 2021). Net income: CN¥644.2m (up 56% from 3Q 2021). Profit margin: 53% (up from 47% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.72 (vs CN¥0.48 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.72 (up from CN¥0.48 in 2Q 2021). Revenue: CN¥1.30b (up 43% from 2Q 2021). Net income: CN¥650.0m (up 51% from 2Q 2021). Profit margin: 50% (up from 48% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Buying Opportunity • Aug 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.1%. The fair value is estimated to be CN¥88.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 63% in 2 years. Earnings is forecast to grow by 64% in the next 2 years. Buying Opportunity • Jul 12
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥89.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 66% in 2 years. Earnings is forecast to grow by 70% in the next 2 years. Announcement • May 26
Yealink Network Technology Co., Ltd. Approves Profit Distribution for 2021, Payable on May 31, 2022 Yealink Network Technology Co., Ltd. approved cash dividend per 10 shares (tax included) of CNY 8.00000000 for 2021 at its annual general meeting held on 16 May 2022. Record date of 30 May 2022, Ex-date of 31 May 2022, Payment date of 31 May 2022. Announcement • May 19
Yealink Network Technology Co., Ltd. Approves Cash Dividend for 2021 Yealink Network Technology Co., Ltd. approved cash dividend per 10 shares (tax included) of CNY 8.00000000 for 2021 at its annual general meeting held on 16 May 2022. Reported Earnings • Apr 27
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.54 (up from CN¥0.42 in 1Q 2021). Revenue: CN¥1.04b (up 40% from 1Q 2021). Net income: CN¥486.8m (up 30% from 1Q 2021). Profit margin: 47% (down from 50% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 30%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 26
Yealink Network Technology Co., Ltd. Announces Profit Distribution for 2021 Yealink Network Technology Co., Ltd. announces profit distribution proposal for 2021 as final Cash dividend/10 shares (tax included): CNY 8.00000000. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: CN¥3.70b (up 34% from FY 2020). Net income: CN¥1.62b (up 27% from FY 2020). Profit margin: 44% (down from 46% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 24%, compared to a 28% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 22
Yealink Network Technology Co., Ltd. Reveals BH7X Bluetooth Headsets Designed for the Hybrid Generation Yealink Network Technology Co., Ltd. has officially announced the release of its new BH7X Bluetooth Headsets to meet the demands of the predominant hybrid working population. Following the launch of the company's WH6X DECT headsets, Yealink has solidified its position as the provider of top professional headsets for office use. Targeting workers of the H Generation — a Hybrid breed of professionals that have a pressing need for quality Headsets — the company understands the demand for a product that can fulfill work requirements competently, with portability at its core, and flexible enough for casual use. The new BH7X Bluetooth Headset is the solution. Finding a workspace anywhere is easy with the help of the BH7X. The technology and components powering Yealink's latest product include: Ole Wolff Diaphragm; Hi-Fi Level Audio Codec aptX; Intelligent dynamic Active Noise Cancellation (ANC); Acoustic Shield Technology; Multiple noise-cancellation microphones. This allows for excellent voice quality and clarity for daily use, and no compromise whether it is for work, leisure, or general call experience wherever users may be. The BH7X also brings wireless charging and seamless UC compatibility to further enhance productivity in the workplace. Engineered for the hybrid generation, the BH7X fits in seamlessly at the office or on the go with its contemporary design and a discrete, hidden boom arm that still guarantees exceptional, professional sound and enjoyment of all-day comfort. In addition to the BH7X, the Yealink Headset family is bolstered by other effective products such as the Yealink UH38 Premium USB headset, which provides stable communication with Bluetooth & USB dual connection; for more personal collaboration usage, interested consumers can also consider the Yealink WH DECT series for all-in-one call control & cross devices usage. All devices are designed to work flawlessly with the Yealink UC family, powering workers into a future of hybrid operations and communications needs. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥85.83, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 32x in the Communications industry in China. Total returns to shareholders of 258% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥85.85 per share. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.46 (vs CN¥0.40 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥878.1m (up 16% from 3Q 2020). Net income: CN¥411.9m (up 14% from 3Q 2020). Profit margin: 47% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Aug 24
Price target increased to CN¥104 Up from CN¥95.37, the current price target is an average from 10 analysts. New target price is 17% above last closing price of CN¥88.85. Stock is up 54% over the past year. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.48 (vs CN¥0.31 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥907.1m (up 65% from 2Q 2020). Net income: CN¥431.9m (up 55% from 2Q 2020). Profit margin: 48% (down from 51% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 16
Price target increased to CN¥101 Up from CN¥91.60, the current price target is an average from 10 analysts. New target price is 5.1% above last closing price of CN¥96.01. Stock is up 45% over the past year. Announcement • May 27
Yealink Network Technology Co., Ltd. Announces Final Cash Dividend for 2020, Payable on 02 June 2021 Yealink Network Technology Co., Ltd. announced final tax included cash dividend of CNY 6.50 per 10 A shares for 2020. Record date is 01 June 2021, ex-date is 02 June 2021, and the payment date is 02 June 2021. Announcement • May 19
Yealink Network Technology Co., Ltd. Approves Cash Dividend for the Year 2020 Yealink Network Technology Co., Ltd. announced that at its AGM held on 14 May 2021, it has approved cash dividend/10 shares (tax included) of CNY 6.50000000 for the year 2020. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.42 (vs CN¥0.41 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥743.4m (up 14% from 1Q 2020). Net income: CN¥374.3m (up 2.3% from 1Q 2020). Profit margin: 50% (down from 56% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.