New Risk • May 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 34% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Announcement • Apr 29
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd, Annual General Meeting, May 29, 2026 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd, Annual General Meeting, May 29, 2026, at 15:00 China Standard Time. Location: No. 7, Kongjia Road, Economic Development Zone, Lishui District, Nanjing, Jiangsu China Announcement • Mar 31
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Q1, 2026 Results on Apr 29, 2026 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 17
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 34% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). New Risk • Jan 14
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 10.0% 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 (10.0% average weekly change). Earnings have declined by 34% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Announcement • Dec 31
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.07 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (up from CN¥0.07 in 3Q 2024). Revenue: CN¥233.8m (up 55% from 3Q 2024). Net income: CN¥12.1m (up 117% from 3Q 2024). Profit margin: 5.2% (up from 3.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Sep 30
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Q3, 2025 Results on Oct 28, 2025 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Sep 11
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 7.1% 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 Risks Earnings have declined by 39% per year over the past 5 years. High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Sep 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥209.2m (up 35% from 2Q 2024). Net income: CN¥10.7m (up 27% from 2Q 2024). Profit margin: 5.1% (down from 5.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Aug 28
Jiangsu Allfavor Intelligent Circuits Technology Co.,Ltd Proposes Interim Cash Dividend for the Year 2025 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd at its 2nd EGM to be held on September 19, 2025 proposed the interim profit distribution plan for 2025. For the period, the company reported Cash dividend/10 shares (tax included): CNY 1.00000000. Announcement • Jul 02
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • Apr 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 40% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: CN¥0.31 (vs CN¥0.063 in FY 2023) Full year 2024 results: EPS: CN¥0.31 (up from CN¥0.063 in FY 2023). Revenue: CN¥596.1m (up 17% from FY 2023). Net income: CN¥23.7m (up 392% from FY 2023). Profit margin: 4.0% (up from 0.9% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Apr 26
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd, Annual General Meeting, Jun 13, 2025 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd, Annual General Meeting, Jun 13, 2025, at 14:30 China Standard Time. Location: No. 7, Kongjia Road, Economic Development Zone, Lishui District, Nanjing, Jiangsu China New Risk • Apr 07
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). Dividend is not well covered by earnings and cash flows. Payout ratio: 276% Paying a dividend despite having no free cash flows. Earnings have declined by 42% 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 (2.0% net profit margin). Announcement • Mar 31
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Mar 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 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 Risk Earnings have declined by 42% 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 (2.0% net profit margin). Announcement • Dec 31
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.023 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.023 in 3Q 2023). Revenue: CN¥151.4m (up 24% from 3Q 2023). Net income: CN¥5.54m (up 188% from 3Q 2023). Profit margin: 3.7% (up from 1.6% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Oct 28
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd (SZSE:300964) agreed to acquire Zhuhai Shuohong Circuit Board Co., Ltd. from ShuoHong Circuit Board (Group) Co., Ltd. for CNY 39.5 million. Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd (SZSE:300964) agreed to acquire Zhuhai Shuohong Circuit Board Co., Ltd. from ShuoHong Circuit Board (Group) Co., Ltd. for CNY 39.5 million on October 24, 2024. A cash consideration of CNY 39.5 million will be paid by Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd.
As of August 31, 2024, Zhuhai Shuohong Circuit Board Co., Ltd. reported total assets of CNY 149.52 million and total common equity of CNY 130.24 million. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Announcement • Sep 30
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Q3, 2024 Results on Oct 26, 2024 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.071 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (up from CN¥0.071 in 2Q 2023). Revenue: CN¥154.9m (up 14% from 2Q 2023). Net income: CN¥8.43m (up 53% from 2Q 2023). Profit margin: 5.4% (up from 4.0% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Jul 30
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 9.8% 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 (9.8% average weekly change). 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 38% 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 (0.9% net profit margin). Announcement • Jun 29
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Jun 08
Jiangsu Allfavor Intelligent Circuits Technology Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 14 June 2024 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 3.00000000 for the year 2023, payable on 14 June 2024. Record date: 13 June 2024. Ex-date: 14 June 2024. Announcement • Apr 29
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd, Annual General Meeting, May 24, 2024 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd, Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Nantong, Jiangsu China Reported Earnings • Apr 27
Full year 2023 earnings released: EPS: CN¥0.063 (vs CN¥0.62 in FY 2022) Full year 2023 results: EPS: CN¥0.063 (down from CN¥0.62 in FY 2022). Revenue: CN¥510.9m (down 8.6% from FY 2022). Net income: CN¥4.83m (down 90% from FY 2022). Profit margin: 0.9% (down from 8.5% in FY 2022). Announcement • Mar 30
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥24.79, the stock trades at a trailing P/E ratio of 76.8x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 19% over the past year. 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 6.7% 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 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥25.66, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 14% over the past year. Announcement • Dec 29
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Fiscal Year 2023 Results on Apr 27, 2024 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 69% 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 Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.18 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.10 (down from CN¥0.18 in 1Q 2022). Revenue: CN¥128.0m (down 11% from 1Q 2022). Net income: CN¥7.34m (down 48% from 1Q 2022). Profit margin: 5.7% (down from 9.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥35.28, the stock trades at a trailing P/E ratio of 75.7x. Average trailing P/E is 38x in the Electronic industry in China. Total loss to shareholders of 6.8% over the past year. Announcement • Dec 15
Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd (SZSE:300964) announces an Equity Buyback for CNY 60 million worth of its shares. Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd (SZSE:300964) announces a share repurchase program. Under the program, the company will repurchase up to CNY 60 million worth of its shares. The shares will be purchased at a price not exceeding CNY 33 per share. The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to use the shares for the aforementioned purposes within 36 months from the date of announcement, the unused portion of the repurchased shares shall be cancelled. The program will be funded from company's own funds. The program will be valid for 12 months. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Ran Zhang was the last independent 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: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.20 (vs CN¥0.20 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.20 (up from CN¥0.20 in 3Q 2021). Revenue: CN¥148.7m (up 8.9% from 3Q 2021). Net income: CN¥14.9m (up 18% from 3Q 2021). Profit margin: 10.0% (in line with 3Q 2021). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥28.08, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 32x in the Electronic industry in China. Total loss to shareholders of 33% over the past year. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: CN¥0.11 (vs CN¥0.43 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.11 (down from CN¥0.43 in 2Q 2021). Revenue: CN¥144.5m (down 4.4% from 2Q 2021). Net income: CN¥8.73m (down 65% from 2Q 2021). Profit margin: 6.0% (down from 17% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Announcement • Jun 23
Jiangsu Allfavor Intelligent Circuits Technology Co.,Ltd Announces Final Cash Dividend on A Shares for 2021, Payable on 30 June 2022 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd announced final cash dividend of CNY 3.00000000 per 10 shares on A shares for 2021. Record date is 29 June 2022, Ex-date is 30 June 2022 and Payment date is 30 June 2022. Announcement • May 18
Jiangsu Allfavor Intelligent Circuits Technology Co.,Ltd., Announces Cash Dividend for 2021 Jiangsu Allfavor Intelligent Circuits Technology CO.,Ltd., announced cash dividend for 2021 of CNY 3.00000000 per 10 shares (tax included). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥32.16, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 31x in the Electronic industry in China. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS: CN¥0.84 (vs CN¥1.42 in FY 2020) Full year 2021 results: EPS: CN¥0.84 (down from CN¥1.42 in FY 2020). Revenue: CN¥554.0m (up 27% from FY 2020). Net income: CN¥53.9m (down 35% from FY 2020). Profit margin: 9.7% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥38.79, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 36x in the Electronic industry in China.