Tillkännagivande • Sep 30
Gohigh Networks Co.,Ltd to Report Q3, 2025 Results on Oct 31, 2025 Gohigh Networks Co.,Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CN¥694.7m (US$97.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 72% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (CN¥694.7m market cap, or US$97.6m). Buy Or Sell Opportunity • Sep 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 72% to CN¥0.68. The fair value is estimated to be CN¥0.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 48% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jul 31
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 6.6% 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 76% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Tillkännagivande • Jul 02
Gohigh Networks Co.,Ltd to Report First Half, 2025 Results on Aug 29, 2025 Gohigh Networks Co.,Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Tillkännagivande • Apr 29
Gohigh Networks Co.,Ltd, Annual General Meeting, May 20, 2025 Gohigh Networks Co.,Ltd, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. New Risk • Apr 23
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 65% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Less than 1 year of cash runway based on current free cash flow (-CN¥350m). Tillkännagivande • Mar 31
Gohigh Networks Co.,Ltd to Report Q1, 2025 Results on Apr 29, 2025 Gohigh Networks Co.,Ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Tillkännagivande • Dec 31
Gohigh Networks Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Gohigh Networks Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: CN¥0.061 loss per share (vs CN¥0.002 loss in 3Q 2023) Third quarter 2024 results: CN¥0.061 loss per share (further deteriorated from CN¥0.002 loss in 3Q 2023). Revenue: CN¥255.0m (down 85% from 3Q 2023). Net loss: CN¥67.5m (loss widened CN¥65.3m from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 30
Gohigh Networks Co.,Ltd to Report Q3, 2024 Results on Oct 31, 2024 Gohigh Networks Co.,Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: CN¥0.088 loss per share (vs CN¥0.004 loss in 2Q 2023) Second quarter 2024 results: CN¥0.088 loss per share (further deteriorated from CN¥0.004 loss in 2Q 2023). Revenue: CN¥412.9m (down 64% from 2Q 2023). Net loss: CN¥101.9m (loss widened CN¥97.4m from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jun 29
Gohigh Networks Co.,Ltd to Report First Half, 2024 Results on Aug 27, 2024 Gohigh Networks Co.,Ltd announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.094 (vs CN¥0.007 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.094 (up from CN¥0.007 in 1Q 2023). Revenue: CN¥844.5m (down 31% from 1Q 2023). Net income: CN¥106.5m (up CN¥98.6m from 1Q 2023). Profit margin: 13% (up from 0.6% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 01
Gohigh Networks Co.,Ltd, Annual General Meeting, May 21, 2024 Gohigh Networks Co.,Ltd, Annual General Meeting, May 21, 2024, at 14:30 China Standard Time. Location: Meeting Room 10, Building 1, North Area, Yard No. 9, Dongran North Street, Haidian District, Beijing China Tillkännagivande • Mar 30
Gohigh Networks Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Gohigh Networks Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Tillkännagivande • Dec 30
Gohigh Networks Co.,Ltd to Report Fiscal Year 2023 Results on Apr 29, 2024 Gohigh Networks Co.,Ltd announced that they will report fiscal year 2023 results on Apr 29, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: CN¥0.002 loss per share (vs CN¥0.045 loss in 3Q 2022) Third quarter 2023 results: CN¥0.002 loss per share (improved from CN¥0.045 loss in 3Q 2022). Revenue: CN¥1.68b (up 38% from 3Q 2022). Net loss: CN¥2.23m (loss narrowed 96% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Sep 30
Gohigh Networks Co.,Ltd to Report Q3, 2023 Results on Oct 31, 2023 Gohigh Networks Co.,Ltd announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.004 loss per share (vs CN¥0.23 profit in 2Q 2022) Second quarter 2023 results: CN¥0.004 loss per share (down from CN¥0.23 profit in 2Q 2022). Revenue: CN¥1.16b (down 30% from 2Q 2022). Net loss: CN¥4.50m (down 102% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Tillkännagivande • May 06
Gohigh Networks Co., Ltd., Annual General Meeting, May 23, 2023 Gohigh Networks Co., Ltd., Annual General Meeting, May 23, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 annual report and its summary; to consider 2022 report of the board of directors; to consider 2022 report of the supervisory committee; to consider 2022 annual accounts; to consider 2022 profit distribution plan; to consider 2022 provision for impairment; and to consider 2023 estimated continuing operational connected transactions. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.007 (vs CN¥0.002 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.007 (up from CN¥0.002 in 1Q 2022). Revenue: CN¥1.23b (up 20% from 1Q 2022). Net income: CN¥7.95m (up 286% from 1Q 2022). Profit margin: 0.6% (up from 0.2% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥6.36, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 43x in the Communications industry in China. Total returns to shareholders of 17% over the past three years. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Supervisor Hongyun Liu was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2022 earnings released: CN¥0.045 loss per share (vs CN¥0.015 profit in 3Q 2021) Third quarter 2022 results: CN¥0.045 loss per share (down from CN¥0.015 profit in 3Q 2021). Revenue: CN¥1.22b (down 40% from 3Q 2021). Net loss: CN¥50.9m (down 396% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.99, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 31x in the Communications industry in China. Total loss to shareholders of 4.8% over the past three years. Reported Earnings • Sep 02
Second quarter 2022 earnings released: EPS: CN¥0.23 (vs CN¥0.006 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.23 (up from CN¥0.006 in 2Q 2021). Revenue: CN¥1.65b (down 14% from 2Q 2021). Net income: CN¥260.8m (up CN¥254.5m from 2Q 2021). Profit margin: 16% (up from 0.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 16
Gohigh Networks Co., Ltd. (SZSE:000851) agreed to acquire Nantong Yunshu Network Technology Co., Ltd. from Shanghai Yijia Network Technology Co., Ltd. and VeryCloud network (Jiangsu) co., LTD for CNY 628.6534 million. Gohigh Networks Co., Ltd. (SZSE:000851) agreed to acquire Nantong Yunshu Network Technology Co., Ltd. from Shanghai Yijia Network Technology Co., Ltd. and VeryCloud network (Jiangsu) co., LTD for CNY 628.6534 million on June 10, 2022. The transaction was reviewed and approved at the 28th meeting of the 9th Board of Directors of the Company. To be approved by the company's 6th extraordinary general meeting in 2022. Tillkännagivande • Jun 15
Gohigh Networks Co., Ltd. announced that it expects to receive CNY 1.5286534 billion in funding Gohigh Networks Co., Ltd. announced a private placement of not more than 339,942,006 A shares for gross proceeds of not more than CNY 1,528,653,400 on June 13, 2022. The issue price shall not be lower than 80% of the average trading price of the company's shares in the 20 trading days before the pricing benchmark date. The transaction will include participation from not more than 35 investors. The transaction has been approved in the 28th meeting of the 9th board of directors of the company. The transaction is subject to approval from company's general meeting of shareholders and the approval of the China Securities Regulatory Commission. All securities issued in the transaction have a hold period of 6 months. Reported Earnings • Apr 30
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.002 (up from CN¥0.001 in 1Q 2021). Revenue: CN¥1.02b (down 23% from 1Q 2021). Net income: CN¥2.06m (up 81% from 1Q 2021). Profit margin: 0.2% (up from 0.1% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Tillkännagivande • Apr 16
Gohigh Data Networks Technology Co., Ltd, Annual General Meeting, May 06, 2022 Gohigh Data Networks Technology Co., Ltd, Annual General Meeting, May 06, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 annual report and its summary; to consider 2021 report of the board of directors; to consider 2021 report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2021 provision for impairment; and to consider any other matters. Reported Earnings • Apr 14
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥0.015 (up from CN¥0.14 loss in FY 2020). Revenue: CN¥8.55b (up 22% from FY 2020). Net income: CN¥15.4m (up CN¥137.0m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.034 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥2.01b (up 50% from 3Q 2020). Net income: CN¥17.2m (up CN¥47.6m from 3Q 2020). Profit margin: 0.9% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.006 (vs CN¥0.027 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¥1.93b (up 7.4% from 2Q 2020). Net income: CN¥6.32m (up CN¥30.1m from 2Q 2020). Profit margin: 0.3% (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 128 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2021 earnings released: EPS CN¥0.001 (vs CN¥0.067 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.33b (up 56% from 1Q 2020). Net income: CN¥1.14m (up CN¥60.2m from 1Q 2020). Profit margin: 0.1% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2020 earnings released: CN¥0.14 loss per share (vs CN¥0.026 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¥7.02b (down 39% from FY 2019). Net loss: CN¥121.6m (down CN¥144.7m 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 120 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥5.67 The company is down 5.0% from its price of CN¥5.96 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 9.0% over the same period. Is New 90 Day High Low • Nov 30
New 90-day high: CN¥7.94 The company is up 3.0% from its price of CN¥7.70 on 01 September 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 9.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥116.5m, with earnings decreasing by CN¥141.2m from the prior year. Total revenue was CN¥7.85b over the last 12 months, down 10% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day low: CN¥6.27 The company is down 26% from its price of CN¥8.51 on 30 July 2020. The Chinese market is down 2.0% 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. Tillkännagivande • Oct 14
Gohigh Data Networks Technology Co., Ltd Approves Board Appointments Gohigh announced that at its Extraordinary General Meeting held on October 12, 2020, approved the appointment of Fu Jinglin and Chen Lei as an non-independent directors. The company also approved the appointment of Liang Wenyong, Zhang Tianxi, Li Keqiang, Sun Chuang, Wan Yan and Duan Maozhong as an independent directors. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥6.59 The company is down 14% from its price of CN¥7.62 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 Communications industry, which is up 1.0% over the same period. Tillkännagivande • Aug 26
Gohigh Data Networks Technology Co., Ltd announced that it expects to receive CNY 1.25 billion in funding from China Academy of Telecommunication Technology Gohigh Data Networks Technology Co., Ltd (SZSE:000851) announced it has entered into a share subscription agreement with returning investor China Academy of Telecommunication Technology for a private placement of no more than 264,000,000 common shares for gross proceeds of no more than CNY 1,250,000,000 on August 21, 2020. The transaction will include participation from no more than 35 specific investors. The transaction has been approved at the 44th meeting of the target company's eighth directorate. The transaction is still subject to investor company's approval, the approval of target company's shareholders meeting and the approval of the China Securities Regulatory Commission. Upon completion, it is still necessary to apply to the Shenzhen Stock Exchange, the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. for the issuance, registration and listing of shares. The validity period is 12 months from the date of approval by the target company's shareholders' meeting. The shares subscribed by China Academy of Telecommunication Technology will have a lock up period of 18 months from the end of the issuance and the shares subscribed by the other investors will have a lock up period of 6 months. Tillkännagivande • Aug 02
Gohigh Data Networks Technology Co., Ltd to Report First Half, 2020 Results on Aug 25, 2020 Gohigh Data Networks Technology Co., Ltd announced that they will report first half, 2020 results on Aug 25, 2020 
