Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥17.63, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 40x in the Electronic industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.15 per share. Announcement • Jun 30
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2026 Results on Jul 24, 2026 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2026 results on Jul 24, 2026 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥19.43, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 43x in the Electronic industry in China. Total loss to shareholders of 2.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥33.07 per share. Board Change • May 20
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Supervisor Shui Xin Chen is the most experienced director on the board, commencing their role in 2020. 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 • Mar 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Announcement • Mar 26
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 16, 2026 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 16, 2026, at 14:00 China Standard Time. Location: 2F, No. 51, Fangyuan Street, Suzhou Industrial Park, Jiangsu China Announcement • Dec 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Announcement • Sep 30
Suzhou Sushi Testing Group Co.,Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2025 Results on Jul 30, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2025 results on Jul 30, 2025 Announcement • May 28
Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) agreed to acquire an additional 23.73% stake in Sushi Yite (Shanghai) Testing Technology Co., Ltd. from a group of shareholders for approximately CNY 340 million. Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) agreed to acquire an additional 23.73% stake in Sushi Yite (Shanghai) Testing Technology Co., Ltd. from a group of shareholders for approximately CNY 340 million on May 27, 2025. A cash consideration of CNY 336.35 million will be paid by Suzhou Sushi Testing Group Co.,Ltd. As part of consideration, CNY 336.35 million is paid towards common equity of Sushi Yite (Shanghai) Testing Technology Co., Ltd. Upon completion, Suzhou Sushi Testing Group Co.,Ltd. will own 97.55% stake in Sushi Yite (Shanghai) Testing Technology Co., Ltd. The transaction will be financed through equity investment of CNY 336.35 million.
As of March 31, 2025, Sushi Yite (Shanghai) Testing Technology Co., Ltd. reported total assets of CNY 964.51 million and total common equity of CNY 846.52 million.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. Announcement • Apr 11
Suzhou Sushi Testing Group Co.,Ltd. Proposes Cash Dividend for the Year 2024 Suzhou Sushi Testing Group Co.,Ltd. announced on 10 April 2025 the profit distribution proposal for 2024 as follows: Cash dividend/10 shares (tax included): CNY 1.50000000. Announcement • Apr 10
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, May 06, 2025 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, May 06, 2025, at 14:00 China Standard Time. Location: 1F, No. 51, Fangyuan Street, Suzhou Industrial Park, Jiangsu China Announcement • Mar 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.086 (vs CN¥0.17 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.086 (down from CN¥0.17 in 3Q 2023). Revenue: CN¥489.3m (down 12% from 3Q 2023). Net income: CN¥43.7m (down 48% from 3Q 2023). Profit margin: 8.9% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.51, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 16% 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 7.7% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.7% average weekly change). Announcement • Sep 30
Suzhou Sushi Testing Group Co.,Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥11.31, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 32% over the past year. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.12 (vs CN¥0.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.12 (down from CN¥0.18 in 2Q 2023). Revenue: CN¥474.3m (down 11% from 2Q 2023). Net income: CN¥60.5m (down 34% from 2Q 2023). Profit margin: 13% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Jun 29
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.083 (vs CN¥0.087 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.083 (down from CN¥0.087 in 1Q 2023). Revenue: CN¥442.4m (up 1.0% from 1Q 2023). Net income: CN¥42.2m (down 4.9% from 1Q 2023). Profit margin: 9.5% (in line with 1Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: CN¥0.62 (vs CN¥0.56 in FY 2022) Full year 2023 results: EPS: CN¥0.62 (up from CN¥0.56 in FY 2022). Revenue: CN¥2.12b (up 17% from FY 2022). Net income: CN¥314.3m (up 16% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Announcement • Mar 30
Suzhou Sushi Testing Group Co.,Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 29
Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 18, 2024 Suzhou Sushi Testing Group Co.,Ltd., Annual General Meeting, Apr 18, 2024, at 14:00 China Standard Time. Location: 2F, No. 51, Fangyuan Street, Suzhou Industrial Park, Jiangsu China Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥13.07, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 46% over the past year. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.48, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 40% over the past year. Announcement • Dec 29
Suzhou Sushi Testing Group Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 22, 2024 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 22, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥555.5m (up 21% from 3Q 2022). Net income: CN¥84.5m (up 17% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Announcement • Sep 15
Suzhou Sushi Testing Group Co.,Ltd. Announces Management Changes Suzhou Sushi Testing Group Co.,Ltd. held its 3rd Extraordinary General Meeting of 2023 on 12 September 2023, during which the following proposal(s) was/were approved: Election and nomination of non-independent directors, cumulative voting system applicable: Zhong Qionghua, Chen Ying, Shen Xiaopeng. Election and nomination of independent directors, cumulative voting system applicable: Wang Renchun, Xu Yemei. Election and nomination of non-employee supervisors, cumulative voting system applicable: Zhou Bin. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.16 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.16 in 2Q 2022). Revenue: CN¥532.9m (up 17% from 2Q 2022). Net income: CN¥91.5m (up 18% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Announcement • Jul 01
Suzhou Sushi Testing Group Co.,Ltd. to Report First Half, 2023 Results on Aug 10, 2023 Suzhou Sushi Testing Group Co.,Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Announcement • Jun 28
Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) announces an Equity Buyback for CNY 100 million worth of its shares. Suzhou Sushi Testing Group Co.,Ltd. (SZSE:300416) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 100 million worth of its shares. The program will be valid for 12 months. Buying Opportunity • Jun 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be CN¥25.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Announcement • May 12
Suzhou Sushi Testing Group Co.,Ltd. Implements Final Profit Distribution Plan of A Shares for 2022, Payable on 19 May 2023 Suzhou Sushi Testing Group Co.,Ltd. implements 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.50000000. Record date: 18 May 2023, Ex-date: 19 May 2023, Payment date: 19 May 2023, Listing date of the bonus issues: 19 May 2023. Buying Opportunity • May 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CN¥33.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 61% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.73 (vs CN¥0.55 in FY 2021) Full year 2022 results: EPS: CN¥0.73 (up from CN¥0.55 in FY 2021). Revenue: CN¥1.81b (up 20% from FY 2021). Net income: CN¥269.9m (up 42% from FY 2021). Profit margin: 15% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Buying Opportunity • Jan 09
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CN¥39.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 73% in 2 years. Earnings is forecast to grow by 91% in the next 2 years. Board Change • Dec 13
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. 8 experienced directors. No highly experienced 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: Insufficient board refreshment. 
