Announcement • Apr 21
Jiangsu Etern Company Limited, Annual General Meeting, May 15, 2026 Jiangsu Etern Company Limited, Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu China Announcement • Mar 30
Jiangsu Etern Company Limited to Report Q1, 2026 Results on Apr 21, 2026 Jiangsu Etern Company Limited announced that they will report Q1, 2026 results on Apr 21, 2026 Announcement • Dec 26
Jiangsu Etern Company Limited to Report Fiscal Year 2025 Results on Apr 21, 2026 Jiangsu Etern Company Limited announced that they will report fiscal year 2025 results on Apr 21, 2026 Announcement • Sep 30
Jiangsu Etern Company Limited to Report Q3, 2025 Results on Oct 28, 2025 Jiangsu Etern Company Limited announced that they will report Q3, 2025 results on Oct 28, 2025 Announcement • Jun 30
Jiangsu Etern Company Limited to Report First Half, 2025 Results on Aug 26, 2025 Jiangsu Etern Company Limited announced that they will report first half, 2025 results on Aug 26, 2025 Announcement • Apr 22
Jiangsu Etern Company Limited, Annual General Meeting, May 16, 2025 Jiangsu Etern Company Limited, Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu China Announcement • Mar 28
Jiangsu Etern Company Limited to Report Q1, 2025 Results on Apr 22, 2025 Jiangsu Etern Company Limited announced that they will report Q1, 2025 results on Apr 22, 2025 Announcement • Dec 27
Jiangsu Etern Company Limited to Report Fiscal Year 2024 Results on Apr 22, 2025 Jiangsu Etern Company Limited announced that they will report fiscal year 2024 results on Apr 22, 2025 New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 372% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Buy Or Sell Opportunity • Oct 24
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 48% to CN¥5.14. The fair value is estimated to be CN¥4.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 783% in the next 2 years. Announcement • Sep 30
Jiangsu Etern Company Limited to Report Q3, 2024 Results on Oct 26, 2024 Jiangsu Etern Company Limited announced that they will report Q3, 2024 results on Oct 26, 2024 New Risk • Aug 28
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 7.1% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 149% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Buy Or Sell Opportunity • Aug 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to CN¥3.77. The fair value is estimated to be CN¥4.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years. Buy Or Sell Opportunity • Jul 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to CN¥3.42. The fair value is estimated to be CN¥4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years. Buy Or Sell Opportunity • Jul 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to CN¥3.45. The fair value is estimated to be CN¥4.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 549% in the next 2 years. Announcement • Jun 28
Jiangsu Etern Company Limited to Report First Half, 2024 Results on Aug 27, 2024 Jiangsu Etern Company Limited announced that they will report first half, 2024 results on Aug 27, 2024 New Risk • May 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 46% 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: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 109% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Announcement • Apr 29
Jiangsu Etern Company Limited, Annual General Meeting, May 24, 2024 Jiangsu Etern Company Limited, Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Suzhou, Jiangsu China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.017 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (up from CN¥0.017 in 1Q 2023). Revenue: CN¥816.2m (down 13% from 1Q 2023). Net income: CN¥27.3m (up 13% from 1Q 2023). Profit margin: 3.3% (up from 2.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Jiangsu Etern Company Limited to Report Q1, 2024 Results on Apr 23, 2024 Jiangsu Etern Company Limited announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥3.96, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Communications industry in China. Total returns to shareholders of 39% over the past three years. Announcement • Dec 29
Jiangsu Etern Company Limited to Report Fiscal Year 2023 Results on Apr 23, 2024 Jiangsu Etern Company Limited announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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 Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.035 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.033 (down from CN¥0.035 in 3Q 2022). Revenue: CN¥1.07b (down 14% from 3Q 2022). Net income: CN¥46.8m (down 8.4% from 3Q 2022). Profit margin: 4.4% (up from 4.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Jiangsu Etern Company Limited to Report Q3, 2023 Results on Oct 27, 2023 Jiangsu Etern Company Limited announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.012 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.012 (in line with 2Q 2022). Revenue: CN¥940.7m (up 2.6% from 2Q 2022). Net income: CN¥16.1m (flat on 2Q 2022). Profit margin: 1.7% (in line with 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.58, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥7.47, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 30x in the Communications industry in China. Total returns to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to CN¥6.78, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Communications industry in China. Total returns to shareholders of 59% over the past three years. Reported Earnings • Apr 18
Full year 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.09 in FY 2021) Full year 2022 results: EPS: CN¥0.16 (up from CN¥0.09 in FY 2021). Revenue: CN¥4.23b (up 8.1% from FY 2021). Net income: CN¥226.1m (up 87% from FY 2021). Profit margin: 5.3% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.035 (vs CN¥0.01 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.035 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥1.25b (up 46% from 3Q 2021). Net income: CN¥51.1m (up 277% from 3Q 2021). Profit margin: 4.1% (up from 1.6% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.005 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.012 (up from CN¥0.005 in 2Q 2021). Revenue: CN¥916.9m (down 19% from 2Q 2021). Net income: CN¥16.0m (up 136% from 2Q 2021). Profit margin: 1.7% (up from 0.6% in 2Q 2021). Over the next year, revenue is forecast to grow 68%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Independent Director Wei Hua was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.006 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: CN¥855.1m (down 15% from 3Q 2020). Net income: CN¥13.6m (up 75% from 3Q 2020). Profit margin: 1.6% (up from 0.8% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.005 (vs CN¥0.036 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.13b (up 50% from 2Q 2020). Net income: CN¥6.78m (up CN¥50.6m from 2Q 2020). Profit margin: 0.6% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 20
Full year 2020 earnings released: CN¥0.43 loss per share (vs CN¥0.017 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CN¥3.29b (down 2.5% from FY 2019). Net loss: CN¥559.6m (down CN¥581.2m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥2.98 The company is down 53% from its price of CN¥6.40 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥3.52 The company is down 41% from its price of CN¥5.93 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 Communications industry, which is down 6.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥6.79 The company is up 7.0% from its price of CN¥6.35 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications 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 losses of CN¥148.2m, with earnings decreasing by CN¥253.6m from the prior year. Total revenue was CN¥2.99b over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 20
New 90-day high: CN¥6.75 The company is up 33% from its price of CN¥5.07 on 22 July 2020. The Chinese market is flat 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.