New Risk • Jun 01
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 8.4% 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 Risks Interest payments are not well covered by earnings (2.1x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). New Risk • Apr 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 37% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Apr 24
First quarter 2026 earnings released: CN¥0.03 loss per share (vs CN¥0.02 profit in 1Q 2025) First quarter 2026 results: CN¥0.03 loss per share (down from CN¥0.02 profit in 1Q 2025). Revenue: CN¥444.0m (flat on 1Q 2025). Net loss: CN¥5.68m (down 281% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 31
Anhui Shiny Electronic Technology Company Limited to Report Q1, 2026 Results on Apr 23, 2026 Anhui Shiny Electronic Technology Company Limited announced that they will report Q1, 2026 results on Apr 23, 2026 Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: CN¥0.06 (vs CN¥0.05 in FY 2024) Full year 2025 results: EPS: CN¥0.06 (up from CN¥0.05 in FY 2024). Revenue: CN¥2.23b (up 21% from FY 2024). Net income: CN¥13.1m (up 28% from FY 2024). Profit margin: 0.6% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Mar 05
Anhui Shiny Electronic Technology Company Limited, Annual General Meeting, Mar 25, 2026 Anhui Shiny Electronic Technology Company Limited, Annual General Meeting, Mar 25, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Lu'an, Anhui China Announcement • Dec 31
Anhui Shiny Electronic Technology Company Limited to Report Fiscal Year 2025 Results on Mar 05, 2026 Anhui Shiny Electronic Technology Company Limited announced that they will report fiscal year 2025 results on Mar 05, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: EPS: CN¥0.021 (vs CN¥0.004 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.021 (up from CN¥0.004 in 3Q 2024). Revenue: CN¥580.5m (up 15% from 3Q 2024). Net income: CN¥3.50m (up 229% from 3Q 2024). Profit margin: 0.6% (up from 0.2% in 3Q 2024). 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 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Anhui Shiny Electronic Technology Company Limited to Report Q3, 2025 Results on Oct 24, 2025 Anhui Shiny Electronic Technology Company Limited announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Aug 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 415% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 170% Paying a dividend despite having no free cash flows. Earnings have declined by 54% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: CN¥0.012 (vs CN¥0.007 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.012 (up from CN¥0.007 in 2Q 2024). Revenue: CN¥603.5m (up 55% from 2Q 2024). Net income: CN¥3.13m (up 111% from 2Q 2024). Profit margin: 0.5% (up from 0.4% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Announcement • Jul 02
Anhui Shiny Electronic Technology Company Limited to Report First Half, 2025 Results on Aug 12, 2025 Anhui Shiny Electronic Technology Company Limited announced that they will report first half, 2025 results on Aug 12, 2025 New Risk • May 30
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 183% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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). Dividend is not well covered by earnings and cash flows. Payout ratio: 183% Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.019 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.02. Revenue: CN¥446.3m (up 23% from 1Q 2024). Net income: CN¥3.15m (down 13% from 1Q 2024). Profit margin: 0.7% (down from 1.0% in 1Q 2024). Board Change • Apr 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Deputy GM & Non-Independent Director Chengjun Kong was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 19
Anhui Shiny Electronic Technology Company Limited Approves Cash Dividend for 2024 Anhui Shiny Electronic Technology Company Limited at its Annual General Meeting held on 17 April 2025 approved cash dividend of CNY 1.00000000 per 10 shares (tax included) for 2024. Announcement • Mar 31
Anhui Shiny Electronic Technology Company Limited to Report Q1, 2025 Results on Apr 25, 2025 Anhui Shiny Electronic Technology Company Limited announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.23 loss in FY 2023) Full year 2024 results: EPS: CN¥0.06 (up from CN¥0.23 loss in FY 2023). Revenue: CN¥1.84b (up 24% from FY 2023). Net income: CN¥10.3m (up CN¥45.3m from FY 2023). Profit margin: 0.6% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Mar 28
Anhui Shiny Electronic Technology Company Limited, Annual General Meeting, Apr 17, 2025 Anhui Shiny Electronic Technology Company Limited, Annual General Meeting, Apr 17, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Lu'an, Anhui China New Risk • Mar 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 Earnings have declined by 67% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Announcement • Dec 31
Anhui Shiny Electronic Technology Company Limited to Report Fiscal Year 2024 Results on Apr 19, 2025 Anhui Shiny Electronic Technology Company Limited announced that they will report fiscal year 2024 results on Apr 19, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.005 (vs CN¥0.011 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.005 (up from CN¥0.011 loss in 3Q 2023). Revenue: CN¥506.0m (up 19% from 3Q 2023). Net income: CN¥1.06m (up CN¥2.90m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). 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 76 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Anhui Shiny Electronic Technology Company Limited to Report Q3, 2024 Results on Oct 25, 2024 Anhui Shiny Electronic Technology Company Limited announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.026 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.008 (up from CN¥0.026 loss in 2Q 2023). Revenue: CN¥389.0m (up 3.6% from 2Q 2023). Net income: CN¥1.48m (up CN¥5.57m from 2Q 2023). Profit margin: 0.4% (up from net loss in 2Q 2023). 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. Announcement • Jul 25
Anhui Shiny Electronic Technology Company Limited Approves Board and Non-Employee Supervisor Elections Anhui Shiny Electronic Technology Company Limited at its EGM held on July 23, 2024 approved election of Dai Ming and Kong Chengjun as non-independent directors, Liu Qingling, Huang Lin and Bi Chuanxing as independent directors and Che Anping and Yang Yong as non-employee supervisor. Announcement • Jun 29
Anhui Shiny Electronic Technology Company Limited to Report First Half, 2024 Results on Aug 09, 2024 Anhui Shiny Electronic Technology Company Limited announced that they will report first half, 2024 results on Aug 09, 2024 New Risk • Jun 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 76% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Announcement • May 25
Anhui Shiny Electronic Technology Company Limited Implements 2023 Final Profit Distribution Plan of A Shares, Payable on 28 May 2024 Anhui Shiny Electronic Technology Company Limited announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.50000000. Record date: 27 May 2024, Ex-date: 28 May 2024, Payment date: 28 May 2024, Listing date of the bonus issues: 28 May 2024. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.17 loss in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.17 loss in 1Q 2023). Revenue: CN¥362.9m (up 42% from 1Q 2023). Net income: CN¥3.62m (up CN¥25.5m from 1Q 2023). Profit margin: 1.0% (up from net loss in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Anhui Shiny Electronic Technology Company Limited, Annual General Meeting, May 15, 2024 Anhui Shiny Electronic Technology Company Limited, Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Lu'an, Anhui China Announcement • Mar 30
Anhui Shiny Electronic Technology Company Limited to Report Q1, 2024 Results on Apr 23, 2024 Anhui Shiny Electronic Technology Company Limited announced that they will report Q1, 2024 results on Apr 23, 2024 Announcement • Dec 30
Anhui Shiny Electronic Technology Company Limited to Report Fiscal Year 2023 Results on Apr 23, 2024 Anhui Shiny Electronic Technology Company Limited announced that they will report fiscal year 2023 results on Apr 23, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.074 loss in 3Q 2022) Third quarter 2023 results: CN¥0.013 loss per share (improved from CN¥0.074 loss in 3Q 2022). Revenue: CN¥424.4m (up 23% from 3Q 2022). Net loss: CN¥1.84m (loss narrowed 80% from 3Q 2022). Announcement • Sep 30
Anhui Shiny Electronic Technology Company Limited to Report Q3, 2023 Results on Oct 25, 2023 Anhui Shiny Electronic Technology Company Limited announced that they will report Q3, 2023 results on Oct 25, 2023 Announcement • Jul 01
Anhui Shiny Electronic Technology Company Limited to Report First Half, 2023 Results on Aug 10, 2023 Anhui Shiny Electronic Technology Company Limited announced that they will report first half, 2023 results on Aug 10, 2023 Buying Opportunity • Apr 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥17.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 06
Full year 2022 earnings released: CN¥0.21 loss per share (vs CN¥0.51 profit in FY 2021) Full year 2022 results: CN¥0.21 loss per share (down from CN¥0.51 profit in FY 2021). Revenue: CN¥1.37b (down 19% from FY 2021). Net loss: CN¥27.9m (down 144% from profit in FY 2021). 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¥18.57, the stock trades at a trailing P/E ratio of 75.4x. Average trailing P/E is 43x in the Tech industry in China. Total loss to shareholders of 5.8% over the past year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥15.97, the stock trades at a trailing P/E ratio of 64.8x. Average trailing P/E is 37x in the Tech industry in China. Total loss to shareholders of 27% over the past year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Wei Wang was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 25
Third quarter 2022 earnings released: CN¥0.074 loss per share (vs CN¥0.13 profit in 3Q 2021) Third quarter 2022 results: CN¥0.074 loss per share (down from CN¥0.13 profit in 3Q 2021). Revenue: CN¥345.6m (down 19% from 3Q 2021). Net loss: CN¥9.33m (down 156% from profit in 3Q 2021). Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.16 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.14 (down from CN¥0.16 in 2Q 2021). Revenue: CN¥384.0m (down 13% from 2Q 2021). Net income: CN¥19.5m (down 3.8% from 2Q 2021). Profit margin: 5.1% (up from 4.6% in 2Q 2021). The increase in margin was driven by lower expenses. Announcement • May 20
Anhui Shiny Electronic Technology Company Limited Announces Final Dividend on A Shares for the Year 2021, Payable on May 27, 2022 Anhui Shiny Electronic Technology Company Limited announced final cash dividend/10 shares (tax included) of CNY 1.00000000 on A shares for the year 2021. Record date is May 26, 2022. Ex-date is May 27, 2022. Payment date is May 27, 2022. Announcement • May 12
Anhui Shiny Electronic Technology Company Limited Approves Cash Dividend for the Year 2021 Anhui Shiny Electronic Technology Company Limited at the AGM, the shareholders approved cash dividend/10 shares (tax included): CNY 1.00000000 for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.16 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.10 (down from CN¥0.16 in 1Q 2021). Revenue: CN¥415.1m (up 16% from 1Q 2021). Net income: CN¥12.9m (down 25% from 1Q 2021). Profit margin: 3.1% (down from 4.8% in 1Q 2021). Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.51 (vs CN¥1.01 in FY 2020) Full year 2021 results: EPS: CN¥0.51 (down from CN¥1.01 in FY 2020). Revenue: CN¥1.69b (up 12% from FY 2020). Net income: CN¥63.5m (down 36% from FY 2020). Profit margin: 3.8% (down from 6.6% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥21.85, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 43x in the Tech industry in China. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥26.03, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 40x in the Tech industry in China. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.24 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: CN¥428.3m (flat on 3Q 2020). Net income: CN¥16.7m (down 29% from 3Q 2020). Profit margin: 3.9% (down from 5.5% in 3Q 2020). Announcement • May 21
Anhui Shiny Electronic Technology Company Limited Approves Final Cash Dividend on A Shares for the Year 2020, Payable on 27 May 2021 Anhui Shiny Electronic Technology Company Limited announced at the AGM held on May 17, 2021 that the company approved final profit distribution of CNY 3.00000000 per 10 shares (A shares) (tax included) for 2020. Record date is 26 May 2021, Ex-date is 27 May 2021 and payment date is 27 May 2021. Announcement • Apr 29
Anhui Shiny Electronic Technology Company Limited Proposes Final Cash Dividend for the Year 2020 Anhui Shiny Electronic Technology Company Limited proposed final cash dividend/10 shares (tax included): CNY 3.00000000 for the year 2020. Announcement • Mar 18
Anhui Shiny Electronic Technology Company Limited has completed an IPO in the amount of CNY 424.05 million. Anhui Shiny Electronic Technology Company Limited has completed an IPO in the amount of CNY 424.05 million.
Security Name: A Shares
Security Type: Common Stock
Securities Offered: 33,000,000
Price\Range: CNY 12.85