Board Change • May 20
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Supervisor Xiaomei Lin is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 31
Shenzhen Coship Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026 Shenzhen Coship Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Shenzhen Coship Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jul 02
Shenzhen Coship Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Announcement • Apr 22
Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2025 Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Announcement • Apr 02
Shenzhen Coship Electronics Co., Ltd. Approves Board Elections Shenzhen Coship Electronics Co., Ltd. at its Extraordinary General Meeting held on 31 March 2025 approved the election of You Xintang, Lin Feng and Zhang Chunyin as non-independent director. The company approved the election of Hu Tao and Zhao Cheng as independent director. Announcement • Mar 31
Shenzhen Coship Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Dec 31
Shenzhen Coship Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 22, 2025 Shenzhen Coship Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 22, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.029 (vs CN¥0.012 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.029 (up from CN¥0.012 loss in 3Q 2023). Revenue: CN¥161.0m (up 209% from 3Q 2023). Net income: CN¥21.8m (up CN¥30.8m from 3Q 2023). Profit margin: 14% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shenzhen Coship Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Jul 31
Second quarter 2024 earnings released: CN¥0.043 loss per share (vs CN¥0.039 loss in 2Q 2023) Second quarter 2024 results: CN¥0.043 loss per share (further deteriorated from CN¥0.039 loss in 2Q 2023). Revenue: CN¥35.3m (down 39% from 2Q 2023). Net loss: CN¥31.9m (loss widened 11% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Apr 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥53m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥53m free cash flow). Negative equity (-CN¥12m). Announcement • Apr 21
Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2024 Shenzhen Coship Electronics Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 20
Full year 2023 earnings released: CN¥0.10 loss per share (vs CN¥0.06 loss in FY 2022) Full year 2023 results: CN¥0.10 loss per share (further deteriorated from CN¥0.06 loss in FY 2022). Revenue: CN¥234.6m (down 7.9% from FY 2022). Net loss: CN¥74.7m (loss widened 57% from FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shenzhen Coship Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Board Change • Jan 23
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Shareholder Supervisor Fenggao Shao is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 30
Shenzhen Coship Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 20, 2024 Shenzhen Coship Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.012 loss per share (vs CN¥0.002 loss in 3Q 2022) Third quarter 2023 results: CN¥0.012 loss per share (further deteriorated from CN¥0.002 loss in 3Q 2022). Revenue: CN¥52.2m (down 36% from 3Q 2022). Net loss: CN¥8.95m (loss widened 463% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2023 earnings released: CN¥0.039 loss per share (vs CN¥0.014 loss in 2Q 2022) Second quarter 2023 results: CN¥0.039 loss per share (further deteriorated from CN¥0.014 loss in 2Q 2022). Revenue: CN¥57.6m (up 10% from 2Q 2022). Net loss: CN¥28.8m (loss widened 167% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
Shenzhen Coship Electronics Co., Ltd. to Report First Half, 2023 Results on Jul 29, 2023 Shenzhen Coship Electronics Co., Ltd. announced that they will report first half, 2023 results on Jul 29, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 12 new directors who have joined the board in the last 3 years. The company's board is composed of: 12 new directors. No experienced directors. No highly experienced directors. Supervisor Qi Ai is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 25
Third quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.042 loss in 3Q 2021) Third quarter 2022 results: CN¥0.002 loss per share (improved from CN¥0.042 loss in 3Q 2021). Revenue: CN¥81.5m (up 116% from 3Q 2021). Net loss: CN¥1.59m (loss narrowed 95% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: CN¥0.014 loss per share (vs CN¥0.013 loss in 2Q 2021) Second quarter 2022 results: CN¥0.014 loss per share (down from CN¥0.013 loss in 2Q 2021). Revenue: CN¥52.3m (up 45% from 2Q 2021). Net loss: CN¥10.8m (loss widened 8.7% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.028 loss per share (vs CN¥0.021 loss in 1Q 2021) First quarter 2022 results: CN¥0.028 loss per share (down from CN¥0.021 loss in 1Q 2021). Revenue: CN¥16.2m (down 56% from 1Q 2021). Net loss: CN¥21.1m (loss widened 31% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 3 highly experienced directors. Supervisor De-Hua Hu is the most experienced director on the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.042 loss per share (vs CN¥0.044 loss in 3Q 2020) The company reported a soft third quarter result with weaker revenues and control over costs, although losses reduced. Third quarter 2021 results: Revenue: CN¥37.8m (down 32% from 3Q 2020). Net loss: CN¥31.4m (loss narrowed 4.6% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: CN¥0.013 loss per share (vs CN¥0.013 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: CN¥36.1m (down 62% from 2Q 2020). Net loss: CN¥9.93m (loss widened 1.0% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: CN¥36.4m (down 58% from 1Q 2020). Net loss: CN¥16.0m (loss narrowed 27% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 32% per year. Reported Earnings • Apr 18
Full year 2020 earnings released: CN¥0.20 loss per share (vs CN¥0.27 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: CN¥290.4m (down 63% from FY 2019). Net loss: CN¥145.3m (loss narrowed 26% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 26
New 90-day high: CN¥1.40 The company is up 4.0% from its price of CN¥1.35 on 27 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 13% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥1.00 The company is down 38% from its price of CN¥1.61 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 23
New 90-day low: CN¥1.01 The company is down 27% from its price of CN¥1.39 on 25 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 11% over the same period. Is New 90 Day High Low • Nov 28
New 90-day low: CN¥1.35 The company is down 11% from its price of CN¥1.51 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 9.0% 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¥233.1m, with losses narrowing by 20% from the prior year. Total revenue was CN¥344.9m over the last 12 months, down 60% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day high: CN¥1.75 The company is up 36% from its price of CN¥1.29 on 21 July 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 5.0% over the same period.