Announcement • May 19
ValueHD Corporation (SZSE:301318) announces an Equity Buyback for CNY 50 million worth of its shares. ValueHD Corporation (SZSE:301318 announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its Class A shares. The shares will be repurchased at no more than CNY 38.33 per share. The purpose of the program is to use the repurchased shares for ESOP or equity incentives and shares not used within 3 years after the completion of the repurchase will be cancelled. Repurchases will be funded from excess funds from IPO. The plan will be valid for 12 months from the company's board approval date. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.03 (vs CN¥0.31 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.03 (down from CN¥0.31 in 1Q 2025). Revenue: CN¥156.5m (down 19% from 1Q 2025). Net income: CN¥3.92m (down 91% from 1Q 2025). Profit margin: 2.5% (down from 22% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 25
ValueHD Corporation, Annual General Meeting, May 18, 2026 ValueHD Corporation, Annual General Meeting, May 18, 2026, at 14:30 China Standard Time. Location: 3F, Building 2, Honghui Industrial Park, Xin'an Subdistrict, Bao'an District, Shenzhen, Guangdong China Announcement • Mar 31
ValueHD Corporation to Report Q1, 2026 Results on Apr 25, 2026 ValueHD Corporation announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
ValueHD Corporation to Report Fiscal Year 2025 Results on Apr 25, 2026 ValueHD Corporation announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.15 (vs CN¥0.32 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.15 (down from CN¥0.32 in 3Q 2024). Revenue: CN¥164.7m (down 16% from 3Q 2024). Net income: CN¥20.0m (down 43% from 3Q 2024). Profit margin: 12% (down from 18% in 3Q 2024). The decrease in margin was driven by lower revenue. 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 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
ValueHD Corporation to Report Q3, 2025 Results on Oct 29, 2025 ValueHD Corporation announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 18
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.30 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (down from CN¥0.30 in 2Q 2024). Revenue: CN¥162.8m (up 16% from 2Q 2024). Net income: CN¥23.7m (down 24% from 2Q 2024). Profit margin: 14% (down from 22% 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 13% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 02
ValueHD Corporation to Report First Half, 2025 Results on Aug 15, 2025 ValueHD Corporation announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • May 28
Dividend of CN¥0.38 announced Shareholders will receive a dividend of CN¥0.38. Ex-date: 3rd June 2025 Payment date: 3rd June 2025 Dividend yield will be 1.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 8.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
ValueHD Proposes Final Cash Dividend for 2024 ValueHD announced on 23 April 2025 the profit distribution proposal of CNY 3.75000000 Cash dividend per ten shares (tax included) for 2024. Reported Earnings • Apr 24
First quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.18 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.31 (up from CN¥0.18 in 1Q 2024). Revenue: CN¥193.1m (up 66% from 1Q 2024). Net income: CN¥42.3m (up 93% from 1Q 2024). Profit margin: 22% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥30.60, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 76x in the Communications industry in China. Total loss to shareholders of 4.3% over the past year. Announcement • Apr 23
ValueHD Corporation, Annual General Meeting, May 15, 2025 ValueHD Corporation, Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China New Risk • Apr 07
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 161% Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (161% cash payout ratio). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥23.71, the stock trades at a trailing P/E ratio of 34.7x. Average trailing P/E is 75x in the Communications industry in China. Total loss to shareholders of 32% over the past year. Announcement • Mar 31
ValueHD Corporation to Report Q1, 2025 Results on Apr 23, 2025 ValueHD Corporation announced that they will report Q1, 2025 results on Apr 23, 2025 New Risk • Feb 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 8.6% 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 1.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Announcement • Dec 31
ValueHD Corporation to Report Fiscal Year 2024 Results on Apr 23, 2025 ValueHD Corporation announced that they will report fiscal year 2024 results on Apr 23, 2025 New Risk • Oct 28
New major risk - Revenue and earnings growth Earnings have declined by 1.8% 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 1.8% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.25 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.32 (up from CN¥0.25 in 3Q 2023). Revenue: CN¥195.0m (up 34% from 3Q 2023). Net income: CN¥35.3m (up 8.8% from 3Q 2023). Profit margin: 18% (down from 22% in 3Q 2023). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥31.18, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 48x in the Communications industry in China. Total returns to shareholders of 32% over the past year. 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: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Announcement • Sep 30
ValueHD Corporation to Report Q3, 2024 Results on Oct 28, 2024 ValueHD Corporation announced that they will report Q3, 2024 results on Oct 28, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.30 (vs CN¥0.19 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.30 (up from CN¥0.19 in 2Q 2023). Revenue: CN¥140.9m (up 24% from 2Q 2023). Net income: CN¥31.0m (up 18% from 2Q 2023). Profit margin: 22% (down from 23% in 2Q 2023). Announcement • Jun 29
ValueHD Corporation to Report First Half, 2024 Results on Aug 29, 2024 ValueHD Corporation announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to CN¥30.32, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 54x in the Communications industry in China. Total loss to shareholders of 11% over the past year. Declared Dividend • May 22
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 24th May 2024 Payment date: 24th May 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
ValueHD Corporation, Annual General Meeting, May 15, 2024 ValueHD Corporation, Annual General Meeting, May 15, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.19 in 1Q 2023). Revenue: CN¥116.3m (up 15% from 1Q 2023). Net income: CN¥21.9m (up 9.4% from 1Q 2023). Profit margin: 19% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥37.60, the stock trades at a trailing P/E ratio of 40.2x. Average trailing P/E is 45x in the Communications industry in China. Total returns to shareholders of 1.5% over the past year. Announcement • Mar 30
ValueHD Corporation to Report Q1, 2024 Results on Apr 24, 2024 ValueHD Corporation announced that they will report Q1, 2024 results on Apr 24, 2024 Buy Or Sell Opportunity • Feb 23
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 65% to CN¥51.67. The fair value is estimated to be CN¥41.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Earnings per share has declined by 28%. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to CN¥29.90, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 41x in the Communications industry in China. Total loss to shareholders of 6.3% over the past year. New Risk • Feb 08
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 Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to CN¥18.63, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 37x in the Communications industry in China. Total loss to shareholders of 41% over the past year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥27.16, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 46x in the Communications industry in China. Total loss to shareholders of 10% over the past year. Buy Or Sell Opportunity • Jan 19
Now 23% undervalued Over the last 90 days, the stock has risen 2.5% to CN¥29.32. The fair value is estimated to be CN¥37.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Earnings per share has declined by 27%. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.32 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.32 in 3Q 2022). Revenue: CN¥145.4m (up 5.9% from 3Q 2022). Net income: CN¥32.4m (up 19% from 3Q 2022). Profit margin: 22% (up from 20% in 3Q 2022). Announcement • Sep 30
ValueHD Corporation to Report Q3, 2023 Results on Oct 27, 2023 ValueHD Corporation announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 27, 2023 New Risk • Sep 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Board Change • Sep 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. 11 experienced directors. No highly experienced directors. Independent Director Dandong Chen was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.25 (vs CN¥1.94 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.25 (down from CN¥1.94 in 2Q 2022). Revenue: CN¥113.3m (down 38% from 2Q 2022). Net income: CN¥26.2m (down 49% from 2Q 2022). Profit margin: 23% (down from 28% in 2Q 2022). Announcement • May 20
ValueHD Corporation Approves the Cash Dividend for the Year 2022 ValueHD Corporation approved the cash dividend of CNY 3.000 (tax included) per 10 shares for the year 2022, at the AGM held on May 18, 2023. Reported Earnings • Apr 26
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥2.20 (down from CN¥2.88 in FY 2021). Revenue: CN¥604.6m (flat on FY 2021). Net income: CN¥127.1m (down 15% from FY 2021). Profit margin: 21% (down from 25% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥46.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the Communications industry in China. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥56.06, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Communications industry in China. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Ying Yang was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.47 (vs CN¥0.61 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.47 (down from CN¥0.61 in 3Q 2021). Revenue: CN¥137.4m (down 4.3% from 3Q 2021). Net income: CN¥27.2m (down 14% from 3Q 2021). Profit margin: 20% (down from 22% in 3Q 2021). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥49.91, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 33x in the Communications industry in China. Announcement • Oct 12
Valuehd Corporation Announces Executive Appointments ValueHD Corporation at its EGM held on 10 October 2022 appointed Yang Ying as non-independent director. Appointed Chen Dandong, Chen Youchun and Liu Chao as independent directors. Chu Wen appointed as non-employee supervisors. Announcement • Sep 16
Valuehd Corporation Approves Profit Distribution for the First Half of 2022, Payable on 22 September 2022 ValueHD Corporation in its 4th Extraordinary General Meeting of 2022 on 09 September 2022 approved the profit distribution for the first half of 2022. Cash dividend/10 shares (tax included) of CNY 5.00000000. Record date is 21 September 2022; Ex-date is 22 September 2022; and Payment date is 22 September 2022. Announcement • Aug 26
ValueHD Corporation Announces Profit Distribution Proposal for the First Half of 2022 ValueHD Corporation announced on 25 August 2022 the profit distribution proposal for the first half of 2022. Cash dividend/10 shares (tax included) of CNY 5.00000000. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: CN¥1.56 (vs CN¥1.66 in 1H 2021) First half 2022 results: EPS: CN¥1.56 (down from CN¥1.66 in 1H 2021). Revenue: CN¥310.2m (flat on 1H 2021). Net income: CN¥81.1m (down 6.2% from 1H 2021). Profit margin: 26% (down from 28% in 1H 2021).