Announcement • Jun 30
Shandong New Beiyang Information Technology Co., Ltd. to Report First Half, 2026 Results on Aug 21, 2026 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report first half, 2026 results on Aug 21, 2026 Declared Dividend • May 25
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is not covered by earnings (198% earnings payout ratio) nor is it covered by cash flows (dividend approximately 20x free cash flows). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 120% to bring the payout ratio under control. However, EPS has declined by 20% over the last 5 years so the company would need to reverse this trend. Announcement • Apr 24
Shandong New Beiyang Information Technology Co., Ltd., Annual General Meeting, May 15, 2026 Shandong New Beiyang Information Technology Co., Ltd., Annual General Meeting, May 15, 2026, at 14:00 China Standard Time. Location: 1F, No. 126, Kunlun Road, Huancui District, Weihai, Shandong China Announcement • Mar 31
Shandong New Beiyang Information Technology Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Shandong New Beiyang Information Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Announcement • Sep 30
Shandong New Beiyang Information Technology Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jul 02
Shandong New Beiyang Information Technology Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Announcement • May 22
Shandong New Beiyang Information Technology Co., Ltd. Approves Cash Dividend for 2024 Shandong New Beiyang Information Technology Co., Ltd. announced that at the AGM held on 16 May 2025 approved Cash dividend/10 shares (tax included) of CNY 2.00000000 for 2024. Announcement • Apr 25
Shandong New Beiyang Information Technology Co., Ltd., Annual General Meeting, May 16, 2025 Shandong New Beiyang Information Technology Co., Ltd., Annual General Meeting, May 16, 2025, at 14:00 China Standard Time. Location: 1F, Executive Building, No. 126, Kunlun Road, Huancui District, Weihai, Shandong China Announcement • Apr 01
Shandong New Beiyang Information Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Shandong New Beiyang Information Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% 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 Risk Earnings have declined by 52% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (153% payout ratio). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Buy Or Sell Opportunity • Nov 01
Now 23% undervalued Over the last 90 days, the stock has risen 23% to CN¥6.60. The fair value is estimated to be CN¥8.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.034 (vs CN¥0.021 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.034 (up from CN¥0.021 loss in 3Q 2023). Revenue: CN¥665.2m (up 11% from 3Q 2023). Net income: CN¥21.7m (up CN¥38.7m from 3Q 2023). Profit margin: 3.3% (up from net loss in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Shandong New Beiyang Information Technology Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.056 (vs CN¥0.097 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.056 (down from CN¥0.097 in 2Q 2023). Revenue: CN¥621.6m (up 8.6% from 2Q 2023). Net income: CN¥35.5m (down 24% from 2Q 2023). Profit margin: 5.7% (down from 8.2% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Aug 04
Shandong New Beiyang Information Technology Co., Ltd. Elects Liu Zhigang and Huang Xueying as Non-Independent Director Shandong New Beiyang Information Technology Co., Ltd. at the Extraordinary General Meeting of 2024 on 01 August 2024 approved election of non-independent directors, cumulative voting system applicable: Liu Zhigang, non-independent director; Huang Xueying, non-independent director. Announcement • Jun 29
Shandong New Beiyang Information Technology Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • May 29
Shandong New Beiyang Information Technology Co., Ltd. Implements Final Profit Distribution Plan for A Shares for the Year 2023, Payable on 31 May 2024 Shandong New Beiyang Information Technology Co., Ltd. announced the 2023 final profit distribution plan to be implemented (A shares) of Cash dividend/10 shares (tax included) of CNY 1.50000000. Record date: 30 May 2024. Ex-date: 31 May 2024. Payment date: 31 May 2024. Declared Dividend • May 29
Dividend of CN¥0.15 announced Dividend of CN¥0.15 is the same as last year. Ex-date: 31st May 2024 Payment date: 31st May 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is not covered by earnings (268% earnings payout ratio). However, it is well covered by cash flows (36% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 198% to bring the payout ratio under control. However, EPS has declined by 37% over the last 5 years so the company would need to reverse this trend. Announcement • Apr 29
Shandong New Beiyang Information Technology Co., Ltd., Annual General Meeting, May 17, 2024 Shandong New Beiyang Information Technology Co., Ltd., Annual General Meeting, May 17, 2024, at 14:00 China Standard Time. Location: 7F, Executive Building, No. 126, Kunlun Road, Huancui District, Weihai, Shandong China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.028 loss per share (vs CN¥0.06 loss in 1Q 2023) First quarter 2024 results: CN¥0.028 loss per share (improved from CN¥0.06 loss in 1Q 2023). Revenue: CN¥409.8m (up 5.2% from 1Q 2023). Net loss: CN¥18.1m (loss narrowed 49% from 1Q 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 • Mar 30
Shandong New Beiyang Information Technology Co., Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Announcement • Dec 30
Shandong New Beiyang Information Technology Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: CN¥0.021 loss per share (vs CN¥0.021 loss in 3Q 2022) Third quarter 2023 results: CN¥0.021 loss per share (in line with 3Q 2022). Revenue: CN¥596.9m (up 9.7% from 3Q 2022). Net loss: CN¥17.1m (loss widened 23% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Announcement • Oct 01
Shandong New Beiyang Information Technology Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Shandong New Beiyang Information Technology Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.097 (vs CN¥0.086 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.097. Revenue: CN¥572.5m (down 22% from 2Q 2022). Net income: CN¥46.7m (down 28% from 2Q 2022). Profit margin: 8.2% (down from 8.8% in 2Q 2022). Announcement • Jun 02
Shandong New Beiyang Information Technology Co., Ltd. Announces Final Cash Dividend on A Shares for 2022, Payable on 8 June 2023 Shandong New Beiyang Information Technology Co., Ltd. announced final cash dividend (tax included) (A shares) for 2022 of CNY 1.50000000 per 10 shares. Record date: 07 June 2023. Ex-date: 08 June 2023. Payment date: 08 June 2023. Announcement • May 18
Shandong New Beiyang Information Technology Co., Ltd. Approves Cash Dividend (Tax Included) for 2022 Shandong New Beiyang Information Technology Co., Ltd. at the AGM held on 16 May 2023, approved cash dividend (tax included) for 2022 of CNY 1.50000000 per 10 shares. Reported Earnings • Apr 23
First quarter 2023 earnings released: CN¥0.06 loss per share (vs CN¥0.06 loss in 1Q 2022) First quarter 2023 results: CN¥0.06 loss per share (in line with 1Q 2022). Revenue: CN¥389.4m (up 5.4% from 1Q 2022). Net loss: CN¥35.9m (loss narrowed 3.2% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 03
Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) commences an Equity Buyback for CNY 80 million worth of its shares, under the authorization approved on January 11, 2023. Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) commences a share repurchases on February 1, 2023, under the program mandated by the shareholders in the Extraordinary General Meeting held on January 11, 2023. As per the mandate, the company is authorized to repurchase up to CNY 80 million worth of shares. The shares will repurchased at a price not more than CNY 10.30 per share. The company will use its own funds to repurchase the its shares. The repurchased shares are intended to be used for cancellation of the company’s registered capital. The program is valid for 6 months from the date of approval by the shareholders. Reported Earnings • Oct 30
Third quarter 2022 earnings released: CN¥0.021 loss per share (vs CN¥0.067 profit in 3Q 2021) Third quarter 2022 results: CN¥0.021 loss per share (down from CN¥0.067 profit in 3Q 2021). Revenue: CN¥544.3m (down 24% from 3Q 2021). Net loss: CN¥13.9m (down 128% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.086 (vs CN¥0.04 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.086 (up from CN¥0.04 in 2Q 2021). Revenue: CN¥731.7m (up 17% from 2Q 2021). Net income: CN¥64.5m (up 143% from 2Q 2021). Profit margin: 8.8% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥8.50, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 47x in the Tech industry in China. Total loss to shareholders of 25% over the past three years. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CFO, Deputy GM, Secretary of Board & Director Bo Rong was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.22 (vs CN¥0.28 in FY 2020) Full year 2021 results: EPS: CN¥0.22 (down from CN¥0.28 in FY 2020). Revenue: CN¥2.65b (up 10% from FY 2020). Net income: CN¥146.1m (down 21% from FY 2020). Profit margin: 5.5% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.08 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥716.7m (up 8.9% from 3Q 2020). Net income: CN¥49.0m (down 13% from 3Q 2020). Profit margin: 6.8% (down from 8.6% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.091 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥625.2m (up 21% from 2Q 2020). Net income: CN¥26.6m (down 47% from 2Q 2020). Profit margin: 4.3% (down from 9.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.40b (down 2.2% from FY 2019). Net income: CN¥185.1m (down 43% from FY 2019). Profit margin: 7.7% (down from 13% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 17% per year. Reported Earnings • Apr 02
Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.48 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.40b (down 2.2% from FY 2019). Net income: CN¥183.7m (down 43% from FY 2019). Profit margin: 7.7% (down from 13% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Is New 90 Day High Low • Feb 26
New 90-day high: CN¥10.48 The company is up 14% from its price of CN¥9.20 on 27 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day high: CN¥9.82 The company is up 2.0% from its price of CN¥9.62 on 29 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥8.92 The company is down 12% from its price of CN¥10.13 on 18 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥9.62 The company is down 8.0% from its price of CN¥10.42 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Tech industry, which is down 10.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥225.0m, down 34% from the prior year. Total revenue was CN¥2.48b over the last 12 months, up 3.5% from the prior year. 
