Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥285, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 41x in the Electronic industry in China. Total returns to shareholders of 1,149% over the past three years. Announcement • Jul 01
Victory Giant Technology (HuiZhou) Co.,Ltd to Report First Half, 2026 Results on Aug 28, 2026 Victory Giant Technology (HuiZhou) Co.,Ltd announced that they will report first half, 2026 results on Aug 28, 2026 Buy Or Sell Opportunity • Jun 29
Now 27% undervalued Over the last 90 days, the stock has risen 27% to CN¥320. The fair value is estimated to be CN¥437, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 218% in 2 years. Earnings are forecast to grow by 281% in the next 2 years. Buy Or Sell Opportunity • May 27
Now 21% undervalued Over the last 90 days, the stock has risen 20% to CN¥379. The fair value is estimated to be CN¥480, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 78%. Revenue is forecast to grow by 214% in 2 years. Earnings are forecast to grow by 271% in the next 2 years. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Wong Ting Chung was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 18
Victory Giant Technology (HuiZhou) Co.,Ltd has completed a Follow-on Equity Offering in the amount of HKD 20.11699 billion. Victory Giant Technology (HuiZhou) Co.,Ltd has completed a Follow-on Equity Offering in the amount of HKD 20.11699 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,400
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 833,400
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 42,793,763
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 37,220,100
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,300
Price\Range: HKD 209.88
Discount Per Security: HKD 1.67904
Transaction Features: New Market Listing; Regulation S; Reserved Share Offering; Rule 144A; Sponsor Backed Offering Announcement • Apr 15
Victory Giant Technology (HuiZhou) Co.,Ltd has filed a Follow-on Equity Offering in the amount of HKD 20.116998 billion. Victory Giant Technology (HuiZhou) Co.,Ltd has filed a Follow-on Equity Offering in the amount of HKD 20.116998 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,400
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 833,400
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 42,791,487
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 37,222,413
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 7,501,300
Price(maximum): HKD 209.88
Discount Per Security: HKD 1.679
Transaction Features: New Market Listing; Regulation S; Reserved Share Offering; Rule 144A; Sponsor Backed Offering Announcement • Mar 31
Victory Giant Technology (Huizhou) Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Victory Giant Technology (Huizhou) Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Mar 14
Victory Giant Technology (Huizhou)Co.,Ltd. Proposes Cash Dividend for 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. at the Annual General Meeting at 14:30 on 03 April 2026 proposed 2025 profit distribution plan of cash dividend per 10 shares (tax included) of CNY 20.00000000. Announcement • Mar 12
Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 03, 2026 Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 03, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Announcement • Dec 31
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Announcement • Sep 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jul 02
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 22
Victory Giant Technology (HuiZhou)Co.,Ltd. Approves Cash Dividend for 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. at its Annual General Meeting of 2024 held on 18 April 2025, approved a cash dividend of CNY 3.00000000 per ten shares (tax included) for 2024. Announcement • Apr 01
Victory Giant Technology (Huizhou)Co.,Ltd. Proposes Final Dividend for 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced on 31 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 3.00000000. Announcement • Mar 31
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q1, 2025 Results on Apr 22, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Mar 29
Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 18, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, Apr 18, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Announcement • Mar 19
Victory Giant Technology (Huizhou)Co.,Ltd. Approves Board Appointments Victory Giant Technology (HuiZhou)Co.,Ltd. approved the appointment of Chen Tao, non-independent director, Liu Chunlan, non-independent director, Zhao Qixiang, non-independent director;Chen Yong, non-independent director and Xie Lanjun, independent director; Xie Lingmin, independent director; Zhang Jihai, independent director at its 2nd Extraordinary General Meeting of 2025 held on 17 March 2025. Announcement • Dec 31
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.28 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.36 (up from CN¥0.28 in 3Q 2023). Revenue: CN¥2.84b (up 37% from 3Q 2023). Net income: CN¥305.6m (up 27% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). 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. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥49.92, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 24x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Announcement • Sep 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥34.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥28.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.19 per share. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.27 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.27 in 2Q 2023). Revenue: CN¥2.46b (up 29% from 2Q 2023). Net income: CN¥249.4m (up 14% from 2Q 2023). Profit margin: 10% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. 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. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to CN¥31.81. The fair value is estimated to be CN¥26.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 64% in 2 years. Earnings are forecast to grow by 97% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥30.62, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.22 per share. New Risk • Jul 17
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 9.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥39.69, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.09 per share. Announcement • Jun 29
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥31.63, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.18 per share. Announcement • Jun 01
Victory Giant Technology (Huizhou)Co.,Ltd. Announces Implementation of Cash Dividend A Shares for the Year 2023, Payable on 07 June 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced 2023 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 1.90000000. Record date: 06 June 2024, Ex-date: 07 June 2024, Payment date: 07 June 2024. Reported Earnings • Apr 20
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.14 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.14 in 1Q 2023). Revenue: CN¥2.39b (up 36% from 1Q 2023). Net income: CN¥209.6m (up 68% from 1Q 2023). Profit margin: 8.8% (up from 7.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Apr 20
Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, May 10, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Huizhou, Guangdong China Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥26.98, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.36 per share. Announcement • Mar 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥25.18, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.99 per share. Buy Or Sell Opportunity • Feb 28
Now 25% undervalued Over the last 90 days, the stock has risen 7.0% to CN¥20.60. The fair value is estimated to be CN¥27.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 5.1%. Revenue is forecast to grow by 68% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥20.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Electronic industry in China. Total loss to shareholders of 4.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.45 per share. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥14.84, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.70 per share. Announcement • Dec 29
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 19, 2024 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 19, 2024 Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.28 (vs CN¥0.49 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.28. Revenue: CN¥2.07b (up 5.1% from 3Q 2022). Net income: CN¥241.2m (up 30% from 3Q 2022). Profit margin: 12% (up from 9.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥18.41, 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 6.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.85 per share. Announcement • Sep 30
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.19 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.27. Revenue: CN¥1.91b (down 2.7% from 2Q 2022). Net income: CN¥219.6m (down 13% from 2Q 2022). Profit margin: 12% (down from 13% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Announcement • Jul 29
Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) agreed to acquire MFS Technology (S) Pte Ltd from DCP Investments for $460 million. Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) agreed to acquire MFS Technology (S) Pte Ltd from DCP Investments for $460 million on July 27, 2023. 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¥26.88, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 16% over the past three years. Announcement • Jul 01
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2023 Results on Aug 25, 2023 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2023 results on Aug 25, 2023 Valuation Update With 7 Day Price Move • May 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥19.57, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the Electronic industry in China. Total loss to shareholders of 7.7% over the past three years. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥17.47, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 21% over the past three years. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥0.92 (vs CN¥0.86 in FY 2021) Full year 2022 results: EPS: CN¥0.92 (up from CN¥0.86 in FY 2021). Revenue: CN¥7.89b (up 6.1% from FY 2021). Net income: CN¥790.6m (up 18% from FY 2021). Profit margin: 10.0% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CN¥22.45, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.31, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 5.5% over the past three years. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥17.07, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Electronic industry in China. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥12.23 per share. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Dazhi Chu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buying Opportunity • Oct 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be CN¥16.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 66% in 2 years. Earnings is forecast to grow by 124% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.30 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.49. Revenue: CN¥1.97b (down 1.5% from 3Q 2021). Net income: CN¥185.6m (down 20% from 3Q 2021). Profit margin: 9.4% (down from 12% in 3Q 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Buying Opportunity • Sep 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be CN¥18.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 85% in the next 2 years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.19. Revenue: CN¥1.97b (up 8.3% from 2Q 2021). Net income: CN¥252.1m (up 21% from 2Q 2021). Profit margin: 13% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 26% growth forecast for the Electronic industry in China. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CN¥0.86 (vs CN¥0.67 in FY 2020) Full year 2021 results: EPS: CN¥0.86 (up from CN¥0.67 in FY 2020). Revenue: CN¥7.43b (up 33% from FY 2020). Net income: CN¥670.4m (up 29% from FY 2020). Profit margin: 9.0% (down from 9.3% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Dazhi Chu was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.21 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥2.00b (up 37% from 3Q 2020). Net income: CN¥230.7m (up 41% from 3Q 2020). Profit margin: 12% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥27.19, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 90% over the past three years. Reported Earnings • Aug 28
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.20 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.81b (up 32% from 2Q 2020). Net income: CN¥209.1m (up 34% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥22.27, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 28% share price gain to CN¥26.03, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 31x in the Electronic industry in China. Total returns to shareholders of 88% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.23 (vs CN¥0.13 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥1.57b (up 65% from 1Q 2020). Net income: CN¥182.5m (up 75% from 1Q 2020). Profit margin: 12% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS CN¥0.67 (vs CN¥0.60 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥5.60b (up 44% from FY 2019). Net income: CN¥518.9m (up 12% from FY 2019). Profit margin: 9.3% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS CN¥0.67 (vs CN¥0.60 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥5.60b (up 44% from FY 2019). Net income: CN¥520.6m (up 13% from FY 2019). Profit margin: 9.3% (down from 12% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 20
New 90-day high: CN¥26.58 The company is up 32% from its price of CN¥20.13 on 23 October 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.31 per share. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥25.02, the stock is trading at a trailing P/E ratio of 36.7x, up from the previous P/E ratio of 31.1x. This compares to an average P/E of 43x in the Electronic industry in China. Total returns to shareholders over the past three years are 83%. Is New 90 Day High Low • Jan 05
New 90-day high: CN¥25.02 The company is up 23% from its price of CN¥20.31 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.30 per share. Is New 90 Day High Low • Dec 05
New 90-day high: CN¥24.61 The company is up 12% from its price of CN¥22.03 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.60 per share. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥24.09 The company is up 1.0% from its price of CN¥23.78 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.66 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥528.2m, up 26% from the prior year. Total revenue was CN¥4.99b over the last 12 months, up 40% from the prior year. Announcement • Sep 26
Victory Giant Technology (HuiZhou)Co.,Ltd. cancelled the transaction announced on May 18, 2020 On September 23, 2020, Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) has cancelled the transaction. The cancellation has been approved in the 19th meeting of the 3rd directorate of the company. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥20.00 The company is down 16% from its price of CN¥23.91 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥10.80 per share. Announcement • Jul 24
Victory Giant Technology (HuiZhou)Co.,Ltd. to Report First Half, 2020 Results on Aug 19, 2020 Victory Giant Technology (HuiZhou)Co.,Ltd. announced that they will report first half, 2020 results on Aug 19, 2020