Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥42.21, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 78x in the Electronic industry in China. Total returns to shareholders of 53% over the past three years. New Risk • May 25
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 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). New Risk • May 01
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (6.4% net profit margin). Announcement • Apr 29
Ji'an Mankun Technology Co., Ltd., Annual General Meeting, May 19, 2026 Ji'an Mankun Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 14:50 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 29
Full year 2025 earnings released: EPS: CN¥0.81 (vs CN¥0.72 in FY 2024) Full year 2025 results: EPS: CN¥0.81 (up from CN¥0.72 in FY 2024). Revenue: CN¥1.65b (up 30% from FY 2024). Net income: CN¥119.5m (up 12% from FY 2024). Profit margin: 7.3% (down from 8.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 31
Ji'an Mankun Technology Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Ji'an Mankun Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
Ji'an Mankun Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 27, 2026 Ji'an Mankun Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 27, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.26 (vs CN¥0.23 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.26 (up from CN¥0.23 in 3Q 2024). Revenue: CN¥462.8m (up 39% from 3Q 2024). Net income: CN¥38.8m (up 19% from 3Q 2024). Profit margin: 8.4% (down from 9.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 30
Ji'an Mankun Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Ji'an Mankun Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.24 (vs CN¥0.21 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.24 (up from CN¥0.21 in 2Q 2024). Revenue: CN¥419.2m (up 24% from 2Q 2024). Net income: CN¥35.1m (up 9.0% from 2Q 2024). Profit margin: 8.4% (down from 9.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥39.88, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 52x in the Electronic industry in China. Total returns to shareholders of 48% over the past year. Announcement • Jul 02
Ji'an Mankun Technology Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Ji'an Mankun Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 New Risk • Jun 24
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 9.0% 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 Earnings have declined by 1.6% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (261% cash payout ratio). Share price has been volatile over the past 3 months (9.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥33.40, the stock trades at a trailing P/E ratio of 38.7x. Average trailing P/E is 47x in the Electronic industry in China. Total returns to shareholders of 19% over the past year. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 1.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.6% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (261% cash payout ratio). Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: CN¥0.72 (vs CN¥0.74 in FY 2023) Full year 2024 results: EPS: CN¥0.72 (down from CN¥0.74 in FY 2023). Revenue: CN¥1.27b (up 4.2% from FY 2023). Net income: CN¥106.5m (down 3.0% from FY 2023). Profit margin: 8.4% (down from 9.0% in FY 2023). The decrease in margin was driven by higher expenses. Announcement • Apr 23
Ji'an Mankun Technology Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Ji'an Mankun Technology Co., Ltd. proposed final cash dividend of CNY 4.19000000 per ten shares for the year 2024. Announcement • Apr 22
Ji'an Mankun Technology Co., Ltd., Annual General Meeting, May 12, 2025 Ji'an Mankun Technology Co., Ltd., Annual General Meeting, May 12, 2025, at 14:50 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥20.77, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 48x in the Electronic industry in China. Total loss to shareholders of 8.6% over the past year. Announcement • Mar 31
Ji'an Mankun Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Ji'an Mankun Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥24.81, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 44x in the Electronic industry in China. Total loss to shareholders of 7.6% over the past year. Announcement • Dec 31
Ji'an Mankun Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Ji'an Mankun Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Announcement • Nov 15
Ji'an Mankun Technology Co., Ltd. Approves Board Elections Ji'an Mankun Technology Co., Ltd. announced at second extraordinary general meeting of 2024 held on 13 November 2024, the shareholders approved election of Liu Baohua, Xu Yanping and Zhang Han as independent directors of the company. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.26 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (down from CN¥0.26 in 3Q 2023). Revenue: CN¥333.4m (up 4.6% from 3Q 2023). Net income: CN¥32.7m (down 16% from 3Q 2023). Profit margin: 9.8% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥26.76, the stock trades at a trailing P/E ratio of 39.9x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 4.1% over the past year. Announcement • Sep 30
Ji'an Mankun Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Ji'an Mankun Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥28.95, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 4.0% over the past year. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥0.21 (vs CN¥0.17 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.21 (up from CN¥0.17 in 2Q 2023). Revenue: CN¥339.5m (up 17% from 2Q 2023). Net income: CN¥32.2m (up 25% from 2Q 2023). Profit margin: 9.5% (in line with 2Q 2023). Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥26.80, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 39x in the Electronic industry in China. Total loss to shareholders of 8.5% over the past year. Announcement • Jun 29
Ji'an Mankun Technology Co., Ltd. to Report First Half, 2024 Results on Aug 15, 2024 Ji'an Mankun Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 15, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥32.62, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 24% over the past year. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥23.40, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 41x in the Electronic industry in China. Total loss to shareholders of 15% over the past year. Declared Dividend • May 24
Dividend increased to CN¥0.41 Dividend of CN¥0.41 is 23% higher than last year. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 27% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.8% EPS decline seen over the last 5 years. Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.046 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.046 (down from CN¥0.17 in 1Q 2023). Revenue: CN¥238.0m (down 15% from 1Q 2023). Net income: CN¥6.81m (down 72% from 1Q 2023). Profit margin: 2.9% (down from 8.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥18.08, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 34% over the past year. Announcement • Mar 30
Ji'an Mankun Technology Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Ji'an Mankun Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥20.75, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 35x in the Electronic industry in China. Total loss to shareholders of 26% over the past year. Buy Or Sell Opportunity • Feb 23
Now 22% overvalued Over the last 90 days, the stock has fallen 29% to CN¥20.75. The fair value is estimated to be CN¥16.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has declined by 14%. 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 6.9% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥19.78, the stock trades at a trailing P/E ratio of 26.7x. Average trailing P/E is 34x in the Electronic industry in China. Total loss to shareholders of 30% over the past year. Announcement • Dec 29
Ji'an Mankun Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Ji'an Mankun Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.33 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.26 (down from CN¥0.33 in 3Q 2022). Revenue: CN¥318.7m (up 5.7% from 3Q 2022). Net income: CN¥39.1m (down 3.2% from 3Q 2022). Profit margin: 12% (down from 13% in 3Q 2022). Announcement • Sep 30
Ji'an Mankun Technology Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Ji'an Mankun Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 15
Second quarter 2023 earnings released Second quarter 2023 results: EPS: CN¥0.17. Net income: CN¥25.7m (up CN¥25.7m from 2Q 2022). Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥39.35, the stock trades at a trailing P/E ratio of 55.2x. Average trailing P/E is 47x in the Electronic industry in China. Announcement • Jul 01
Ji'an Mankun Technology Co., Ltd. to Report First Half, 2023 Results on Aug 15, 2023 Ji'an Mankun Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 15, 2023 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥31.92, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 44x in the Electronic industry in China. Announcement • May 18
Ji'an Mankun Technology Co., Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date of 23 May 2023 Ji'an Mankun Technology Co., Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 3.30000000. Record date: 22 May 2023, Ex-date: 23 May 2023 and Payment date: 23 May 2023. 10% withholding tax on cash dividend will be deducted in CNY within the cash dividend receivable. Please refer to below details: Tax on cash dividend/10 shares: CNY0.33000000(10% x CNY3.30000000) Net cash dividend/10 shares after tax: CNY2.97000000(CNY3.30000000- CNY0.33000000). Board Change • Nov 16
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. 4 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. Announcement • Aug 13
Ji'an Mankun Technology Co., Ltd., Annual General Meeting, Aug 31, 2022 Ji'an Mankun Technology Co., Ltd., Annual General Meeting, Aug 31, 2022, at 14:50 China Standard Time. Agenda: to consider Change of the Company's registered capital and type of business entity; to consider Amendments to the articles of association and handling the industrial and registration amendment. Board Change • Aug 10
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. 3 experienced directors. No highly experienced directors. No independent directors (3 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.