Buy Or Sell Opportunity • Jun 12
Now 22% undervalued Over the last 90 days, the stock has risen 35% to CN¥20.41. The fair value is estimated to be CN¥26.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 34%. Declared Dividend • Jun 08
Dividend reduced to CN¥0.12 Dividend of CN¥0.12 is 70% lower than last year. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 1.8% 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 decline by 49% to shift the payout ratio to a potentially unsustainable range, which is more than the 23% EPS decline seen over the last 5 years. New Risk • May 25
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 8.2% 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 Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Tillkännagivande • Apr 30
FIYTA Precision Technology Co., Ltd., Annual General Meeting, May 20, 2026 FIYTA Precision Technology Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.16 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.16 (up from CN¥0.11 in 1Q 2025). Revenue: CN¥989.3m (up 7.0% from 1Q 2025). Net income: CN¥65.1m (up 44% from 1Q 2025). Profit margin: 6.6% (up from 4.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% 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 • Apr 21
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to CN¥18.78. The fair value is estimated to be CN¥15.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 26%. Tillkännagivande • Mar 31
FIYTA Precision Technology Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 FIYTA Precision Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.54 in FY 2024) Full year 2025 results: EPS: CN¥0.21 (down from CN¥0.54 in FY 2024). Revenue: CN¥3.51b (down 11% from FY 2024). Net income: CN¥87.3m (down 60% from FY 2024). Profit margin: 2.5% (down from 5.6% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Tillkännagivande • Dec 31
FIYTA Precision Technology Co., Ltd. to Report Fiscal Year 2025 Results on Mar 14, 2026 FIYTA Precision Technology Co., Ltd. announced that they will report fiscal year 2025 results on Mar 14, 2026 Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.13 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.10 (down from CN¥0.13 in 3Q 2024). Revenue: CN¥890.8m (down 7.5% from 3Q 2024). Net income: CN¥42.6m (down 16% from 3Q 2024). Profit margin: 4.8% (down from 5.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Tillkännagivande • Sep 30
FIYTA Precision Technology Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 FIYTA Precision Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: CN¥859.9m (down 15% from 2Q 2024). Net income: CN¥37.1m (down 48% from 2Q 2024). Profit margin: 4.3% (down from 7.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 14
Now 24% undervalued Over the last 90 days, the stock has risen 63% to CN¥19.63. The fair value is estimated to be CN¥25.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 8.5%. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥21.44, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 32x in the Luxury industry in China. Total returns to shareholders of 128% over the past three years. Tillkännagivande • Jul 02
FIYTA Precision Technology Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 FIYTA Precision Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥14.38, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 29x in the Luxury industry in China. Total returns to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥12.45, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 29x in the Luxury industry in China. Total returns to shareholders of 36% over the past three years. Tillkännagivande • Jun 06
FIYTA Precision Technology Co., Ltd. (SZSE:000026) Signed Intent Agreement for Equity Acquisition to acquire Shaanxi Changkong Gear Co., Ltd. from Hanzhong Hanhang Electromechanics Co., Ltd. FIYTA Precision Technology Co., Ltd. (SZSE:000026) Signed Intent Agreement for Equity Acquisition to acquire Shaanxi Changkong Gear Co., Ltd. from Hanzhong Hanhang Electromechanics Co., Ltd. on June 4, 2025. The part of transaction FIYTA Precision Technology Co., Ltd. will pay a undisclosed cash consideration to acquire Shaanxi Changkong Gear Co., Ltd. For the period ended December 31, 2024 Shaanxi Changkong Gear Co., Ltd. reported total assets of CNY 672.58 million net assets of CNY 232.20 million operating income of CNY 372.32 million and net profit of CNY 22.97 million. The transaction has been approved by the board of FIYTA Precision Technology Co., Ltd. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥12.14, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 27x in the Luxury industry in China. Total returns to shareholders of 48% over the past three years. New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.18 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.18 in 1Q 2024). Revenue: CN¥924.2m (down 13% from 1Q 2024). Net income: CN¥45.3m (down 40% from 1Q 2024). Profit margin: 4.9% (down from 7.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 12
FIYTA Precision Technology Co., Ltd. Approves Cash Dividend for the Year 2024 FIYTA Precision Technology Co., Ltd. at its Annual General Meeting held on 10 April 2025, approved cash dividend of CNY 4.00000000 per 10 shares (tax included) for the year 2024. Buy Or Sell Opportunity • Apr 07
Now 26% undervalued The stock has been flat over the last 90 days, currently trading at CN¥9.88. The fair value is estimated to be CN¥13.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Earnings per share has declined by 7.4%. Tillkännagivande • Mar 31
FIYTA Precision Technology Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 FIYTA Precision Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: CN¥0.54 (vs CN¥0.81 in FY 2023) Full year 2024 results: EPS: CN¥0.54 (down from CN¥0.81 in FY 2023). Revenue: CN¥3.94b (down 14% from FY 2023). Net income: CN¥220.4m (down 34% from FY 2023). Profit margin: 5.6% (down from 7.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Tillkännagivande • Mar 14
FIYTA Precision Technology Co., Ltd., Annual General Meeting, Apr 10, 2025 FIYTA Precision Technology Co., Ltd., Annual General Meeting, Apr 10, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Buy Or Sell Opportunity • Jan 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to CN¥9.79. The fair value is estimated to be CN¥12.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.2% over the last 3 years. Earnings per share has declined by 8.0%. Buy Or Sell Opportunity • Jan 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to CN¥9.83. The fair value is estimated to be CN¥12.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.2% over the last 3 years. Earnings per share has declined by 8.0%. Tillkännagivande • Dec 31
FIYTA Precision Technology Co., Ltd. to Report Fiscal Year 2024 Results on Mar 14, 2025 FIYTA Precision Technology Co., Ltd. announced that they will report fiscal year 2024 results on Mar 14, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.19 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.13 (down from CN¥0.19 in 3Q 2023). Revenue: CN¥963.4m (down 17% from 3Q 2023). Net income: CN¥50.5m (down 35% from 3Q 2023). Profit margin: 5.2% (down from 6.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 18
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to CN¥9.81. The fair value is estimated to be CN¥7.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 10%. Board Change • Oct 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Bo Wang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 30
FIYTA Precision Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 FIYTA Precision Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.43, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 21x in the Luxury industry in China. Total loss to shareholders of 1.6% over the past three years. Buy Or Sell Opportunity • Sep 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to CN¥9.73. The fair value is estimated to be CN¥7.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.6% over the last 3 years. Earnings per share has declined by 10%. Tillkännagivande • Sep 10
FIYTA Precision Technology Co., Ltd. Approves Board Appointments FIYTA Precision Technology Co., Ltd. at its Extraordinary General Meeting held on 06 September 2024, approved election of Wang Bo and Guo Gaohang as non-independent directors and election of Wang Susheng, Wang Wenbo and Cao Guangzhong as independent directors. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.20 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.20 in 2Q 2023). Revenue: CN¥1.01b (down 13% from 2Q 2023). Net income: CN¥71.6m (down 15% from 2Q 2023). Profit margin: 7.1% (down from 7.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Tillkännagivande • Jun 29
FIYTA Precision Technology Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024 FIYTA Precision Technology Co., Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 Declared Dividend • Jun 06
Dividend of CN¥0.40 announced Shareholders will receive a dividend of CN¥0.40. Ex-date: 12th June 2024 Payment date: 12th June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.3%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: CN¥0.18 (vs CN¥0.25 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.18 (down from CN¥0.25 in 1Q 2023). Revenue: CN¥1.07b (down 11% from 1Q 2023). Net income: CN¥75.5m (down 27% from 1Q 2023). Profit margin: 7.1% (down from 8.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. Tillkännagivande • Mar 30
FIYTA Precision Technology Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 FIYTA Precision Technology Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Tillkännagivande • Mar 27
FIYTA Precision Technology Co., Ltd., Annual General Meeting, Apr 18, 2024 FIYTA Precision Technology Co., Ltd., Annual General Meeting, Apr 18, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Board Change • Mar 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Supervisor Tianbo Yuan was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: CN¥0.81 (vs CN¥0.64 in FY 2022) Full year 2023 results: EPS: CN¥0.81 (up from CN¥0.64 in FY 2022). Revenue: CN¥4.57b (up 5.0% from FY 2022). Net income: CN¥333.2m (up 25% from FY 2022). Profit margin: 7.3% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 13% per year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.86, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 24x in the Luxury industry in China. Total loss to shareholders of 23% over the past three years. Buy Or Sell Opportunity • Jan 22
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to CN¥9.81. The fair value is estimated to be CN¥12.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.7%. Buying Opportunity • Jan 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be CN¥13.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 5.7%. Board Change • Jan 05
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. 4 experienced directors. No highly experienced directors. Non-Independent Director Zhanglin Xiao is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Dec 30
FIYTA Precision Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 14, 2024 FIYTA Precision Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 14, 2024 Tillkännagivande • Jul 01
FIYTA Precision Technology Co., Ltd. to Report First Half, 2023 Results on Aug 23, 2023 FIYTA Precision Technology Co., Ltd. announced that they will report first half, 2023 results on Aug 23, 2023 Tillkännagivande • Jun 10
FIYTA Precision Technology Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 15, 2023 FIYTA Precision Technology Co., Ltd. announced final cash dividend of CNY 2.5 per 10 shares on A shares for the year 2022. Record date is June 14, 2023, Ex-Date is June 14, 2023 and Payment Date is June 15, 2023. Tillkännagivande • Jun 03
Fiyta Precision Technology Co., Ltd. Announces 2021 Final Profit Distribution Plan to Be Implemented (B Shares), Payment Date: 14 June 2022 FIYTA Precision Technology Co., Ltd. announced 2021 final profit distribution plan to be implemented (B shares): Cash dividend/10 shares: CNY 3.00000000, Last trading day: 09 June 2022, Record date: 14 June 2022, Exchange rate: HKD:CNY=1:0.86460000, Ex-date: 10 June 2022 and Payment date: 14 June 2022. Tillkännagivande • May 18
FIYTA Precision Technology Co., Ltd. Approves Cash Dividend for the Year 2021 FIYTA Precision Technology Co., Ltd. approved cash dividend/10 shares tax included of CNY 3.00000000 for the year 2021 at the annual general meeting of 2021 held on May 13, 2022. Tillkännagivande • Mar 12
Fiyta Precision Technology Co., Ltd. Announces Profit Distribution Proposal for 2020 FIYTA Precision Technology Co., Ltd. announced on 10 March 2021 the profit distribution proposal for 2020 as follows: Cash dividend/10 shares (tax included): CNY 4.00000000. Tillkännagivande • Feb 26
FIYTA Precision Technology Co., Ltd. Announces Management Appointments FIYTA Precision Technology Co., Ltd. at its EGM held on February 24, 2021 approved the change of non independent directors of Zhang Zhibiao, Xiao Yi, Li Peiyin, Pan Bo and change of supervisors are Zheng Qiyuan and Cao Zhen. Tillkännagivande • Jan 22
FIYTA Precision Technology Co., Ltd. to Report Fiscal Year 2020 Results on Mar 10, 2021 FIYTA Precision Technology Co., Ltd. announced that they will report fiscal year 2020 results on Mar 10, 2021 Tillkännagivande • Oct 16
FIYTA Precision Technology Co., Ltd. to Report Q3, 2020 Results on Oct 22, 2020 FIYTA Precision Technology Co., Ltd. announced that they will report Q3, 2020 results on Oct 22, 2020 Tillkännagivande • Jul 18
FIYTA Precision Technology Co., Ltd. to Report First Half, 2020 Results on Jul 30, 2020 FIYTA Precision Technology Co., Ltd. announced that they will report first half, 2020 results on Jul 30, 2020 