Announcement • Jul 01
Wanma Technology Co., Ltd. to Report First Half, 2026 Results on Aug 24, 2026 Wanma Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 24, 2026 Reported Earnings • Apr 22
First quarter 2026 earnings released: EPS: CN¥0.045 (vs CN¥0.037 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.045 (up from CN¥0.037 in 1Q 2025). Revenue: CN¥167.4m (up 12% from 1Q 2025). Net income: CN¥6.06m (up 21% from 1Q 2025). Profit margin: 3.6% (up from 3.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Apr 22
Wanma Technology Co., Ltd., Annual General Meeting, May 13, 2026 Wanma Technology Co., Ltd., Annual General Meeting, May 13, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 31
Wanma Technology Co., Ltd. to Report Q1, 2026 Results on Apr 22, 2026 Wanma Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 22, 2026 Announcement • Dec 31
Wanma Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2026 Wanma Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2026 Buy Or Sell Opportunity • Dec 19
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to CN¥42.66. The fair value is estimated to be CN¥35.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 11%. Board Change • Dec 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Meilian Zheng was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.11 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.11 in 3Q 2024). Revenue: CN¥217.9m (up 36% from 3Q 2024). Net income: CN¥16.2m (up 6.4% from 3Q 2024). Profit margin: 7.4% (down from 9.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Wanma Technology Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Wanma Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Announcement • Jul 02
Wanma Technology Co., Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Wanma Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Jun 09
Wanma Technology Co., Ltd., Annual General Meeting, Jun 30, 2025 Wanma Technology Co., Ltd., Annual General Meeting, Jun 30, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China New Risk • May 29
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 9.5% 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: Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Profit margins are more than 30% lower than last year (7.2% net profit margin). Reported Earnings • Apr 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.31 (down from CN¥0.48 in FY 2023). Revenue: CN¥560.9m (up 7.7% from FY 2023). Net income: CN¥41.3m (down 36% from FY 2023). Profit margin: 7.4% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 48%. Revenue is forecast to grow 36% p.a. on average during the next 2 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 58% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.3% 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 High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥30.99, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 42x in the Communications industry in China. Total returns to shareholders of 94% over the past three years. Announcement • Mar 31
Wanma Technology Co., Ltd. to Report Q1, 2025 Results on Apr 15, 2025 Wanma Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 15, 2025 Announcement • Dec 31
Wanma Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Wanma Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.18 in 3Q 2023). Revenue: CN¥160.7m (up 20% from 3Q 2023). Net income: CN¥15.2m (down 35% from 3Q 2023). Profit margin: 9.5% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 37% 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 72% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. 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 7.0% 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 High level of non-cash earnings (27% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.0% average weekly change). Announcement • Sep 30
Wanma Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Wanma Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥140.8m (up 4.6% from 2Q 2023). Net income: CN¥14.5m (down 1.3% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Revenue is forecast to grow 36% 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 82% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 16
Wanma Technology Co., Ltd. Announces Final Dividend on A Shares, Payable on 21 August 2024 Wanma Technology Co., Ltd. announced final cash dividend of CNY 2.30000000 per 10 A shares (tax included) for 2023. Record date: 20 August 2024. Ex-date: 21 August 2024. Payment date: 21 August 2024. Announcement • Jul 12
Wanma Technology Co., Ltd. Approves Cash Dividend for the Year 2023 Wanma Technology Co., Ltd. held its 1st Extraordinary General Meeting of 2024 on 10 July 2024, approved Cash dividend/10 shares (tax included): CNY 2.30000000 for the year 2023. Board Change • Jul 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Meilian Zheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 29
Wanma Technology Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Wanma Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Announcement • Jun 26
Wanma Technology Co., Ltd. Proposes Quarterly Dividend for the Year 2024 Wanma Technology Co., Ltd. proposed quarterly dividend of CNY 2.30000000 per 10 shares (tax included) for the year 2024. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥36.18, the stock trades at a trailing P/E ratio of 75.9x. Average trailing P/E is 55x in the Communications industry in China. Total returns to shareholders of 123% over the past three years. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.011 (vs CN¥0.016 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.011 (down from CN¥0.016 in 1Q 2023). Revenue: CN¥83.9m (down 5.4% from 1Q 2023). Net income: CN¥1.48m (down 30% from 1Q 2023). Profit margin: 1.8% (down from 2.4% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥25.98, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 45x in the Communications industry in China. Total returns to shareholders of 44% over the past three years. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CN¥0.48 (vs CN¥0.23 in FY 2022) Full year 2023 results: EPS: CN¥0.48 (up from CN¥0.23 in FY 2022). Revenue: CN¥520.7m (up 2.3% from FY 2022). Net income: CN¥64.5m (up 110% from FY 2022). Profit margin: 12% (up from 6.0% in FY 2022). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥23.44, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 37x in the Communications industry in China. Total returns to shareholders of 68% over the past three years. Announcement • Dec 29
Wanma Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Wanma Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.089 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.089 in 3Q 2022). Revenue: CN¥134.2m (up 46% from 3Q 2022). Net income: CN¥23.6m (up 97% from 3Q 2022). Profit margin: 18% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. New Risk • Oct 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 6.1% 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 High level of non-cash earnings (20% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.075 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.075 in 2Q 2022). Revenue: CN¥134.6m (down 32% from 2Q 2022). Net income: CN¥14.7m (up 46% from 2Q 2022). Profit margin: 11% (up from 5.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.072 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.016 (up from CN¥0.072 loss in 1Q 2022). Revenue: CN¥88.7m (up 50% from 1Q 2022). Net income: CN¥2.10m (up CN¥11.8m from 1Q 2022). Profit margin: 2.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Yafen Zhao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.089 (vs CN¥0.008 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.089 (up from CN¥0.008 in 3Q 2021). Revenue: CN¥91.9m (up 95% from 3Q 2021). Net income: CN¥12.0m (up CN¥10.9m from 3Q 2021). Profit margin: 13% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.12 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.075 (down from CN¥0.12 in 2Q 2021). Revenue: CN¥198.1m (up 3.1% from 2Q 2021). Net income: CN¥10.0m (down 36% from 2Q 2021). Profit margin: 5.1% (down from 8.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Yafen Zhao was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.008 (vs CN¥0.015 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥47.1m (down 66% from 3Q 2020). Net income: CN¥1.07m (down 45% from 3Q 2020). Profit margin: 2.3% (up from 1.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.12 (vs CN¥0.014 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥192.1m (up 103% from 2Q 2020). Net income: CN¥15.8m (up CN¥17.7m from 2Q 2020). Profit margin: 8.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 27
First quarter 2021 earnings released: CN¥0.077 loss per share (vs CN¥0.08 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥67.3m (up 51% from 1Q 2020). Net loss: CN¥10.3m (loss narrowed 2.8% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Full year 2020 earnings released: CN¥0.086 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¥447.4m (down 4.6% from FY 2019). Net loss: CN¥11.5m (down 393% 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 111 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥15.10 The company is down 14% from its price of CN¥17.62 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥16.46 The company is down 9.0% from its price of CN¥18.18 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 Communications industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: CN¥21.01 The company is up 22% from its price of CN¥17.16 on 07 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 Communications industry, which is down 15% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥11.1m, with earnings decreasing by CN¥13.7m from the prior year. Total revenue was CN¥468.5m over the last 12 months, up 30% from the prior year. Announcement • Aug 11
Wanma Technology Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Wanma Technology Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020