New Risk • May 08
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 0.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Apr 21
Full year 2025 earnings released: EPS: CN¥0.35 (vs CN¥0.99 in FY 2024) Full year 2025 results: EPS: CN¥0.35 (down from CN¥0.99 in FY 2024). Revenue: CN¥796.5m (down 21% from FY 2024). Net income: CN¥70.0m (down 65% from FY 2024). Profit margin: 8.8% (down from 20% 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 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 21
Shenzhen Friendcom Technology Development Co., Ltd., Annual General Meeting, May 26, 2026 Shenzhen Friendcom Technology Development Co., Ltd., Annual General Meeting, May 26, 2026, at 14:30 China Standard Time. Location: 1F, Building 20, Jewelry Culture Industrial Park, Changping Town, Dongguan, Guangdong China Tillkännagivande • Mar 31
Shenzhen Friendcom Technology Development Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Tillkännagivande • Dec 31
Shenzhen Friendcom Technology Development Co., Ltd. to Report Fiscal Year 2025 Results on Apr 21, 2026 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.36 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.11 (down from CN¥0.36 in 3Q 2024). Revenue: CN¥204.9m (down 35% from 3Q 2024). Net income: CN¥21.5m (down 70% from 3Q 2024). Profit margin: 11% (down from 23% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Tillkännagivande • Sep 30
Shenzhen Friendcom Technology Development Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Tillkännagivande • Jul 02
Shenzhen Friendcom Technology Development Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Tillkännagivande • Jun 04
Shenzhen Friendcom Technology Development Co., Ltd., Annual General Meeting, Jun 26, 2025 Shenzhen Friendcom Technology Development Co., Ltd., Annual General Meeting, Jun 26, 2025, at 14:30 China Standard Time. Location: 1F, Building 20, Jewelry Culture Industrial Park, Changping Town, Dongguan, Guangdong China Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.044 (vs CN¥0.15 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.044 (down from CN¥0.15 in 1Q 2024). Revenue: CN¥134.0m (down 29% from 1Q 2024). Net income: CN¥8.80m (down 71% from 1Q 2024). Profit margin: 6.6% (down from 16% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥13.27, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 64x in the Communications industry in China. Total returns to shareholders of 27% over the past three years. Tillkännagivande • Apr 02
Shenzhen Friendcom Technology Development Co., Ltd. Announces Profit Distribution Proposal for the Year 2024 Shenzhen Friendcom Technology Development Co., Ltd. announced profit distribution proposal final Cash dividend/10 shares (tax included) is CNY 3.000000 for the year 2024. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: CN¥0.99 (vs CN¥0.96 in FY 2023) Full year 2024 results: EPS: CN¥0.99 (up from CN¥0.96 in FY 2023). Revenue: CN¥1.01b (down 7.9% from FY 2023). Net income: CN¥198.2m (up 3.4% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 31
Shenzhen Friendcom Technology Development Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Tillkännagivande • Dec 31
Shenzhen Friendcom Technology Development Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.37 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.36 (down from CN¥0.37 in 3Q 2023). Revenue: CN¥314.8m (down 9.0% from 3Q 2023). Net income: CN¥72.4m (down 2.4% from 3Q 2023). Profit margin: 23% (up from 21% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥13.42, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 44x in the Communications industry in China. Total returns to shareholders of 28% over the past three years. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (7.0% average weekly change). Tillkännagivande • Sep 30
Shenzhen Friendcom Technology Development Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to CN¥14.60, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 42x in the Communications industry in China. Total returns to shareholders of 29% over the past three years. Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.33 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.33 in 2Q 2023). Revenue: CN¥318.8m (up 4.2% from 2Q 2023). Net income: CN¥56.9m (down 14% from 2Q 2023). Profit margin: 18% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Jun 29
Shenzhen Friendcom Technology Development Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Tillkännagivande • Jun 08
Shenzhen Friendcom Technology Development Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 14 June 2024 Shenzhen Friendcom Technology Development Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 2.00000000 for the year 2023, payable on 14 June 2024. Record date is 13 June 2024. Ex-date is 14 June 2024. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 1Q 2023). Revenue: CN¥189.6m (flat on 1Q 2023). Net income: CN¥30.0m (up 38% from 1Q 2023). Profit margin: 16% (up from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 30
Shenzhen Friendcom Technology Development Co., Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Tillkännagivande • Mar 28
Shenzhen Friendcom Technology Development Co., Ltd., Annual General Meeting, Apr 29, 2024 Shenzhen Friendcom Technology Development Co., Ltd., Annual General Meeting, Apr 29, 2024, at 14:30 China Standard Time. Location: 1F, Building 20, Jewelry Culture Industrial Park, Changping Town, Dongguan, Guangdong China Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CN¥0.96 (vs CN¥0.49 in FY 2022) Full year 2023 results: EPS: CN¥0.96 (up from CN¥0.49 in FY 2022). Revenue: CN¥1.10b (up 7.4% from FY 2022). Net income: CN¥191.3m (up 94% from FY 2022). Profit margin: 17% (up from 9.7% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Feb 08
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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks 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 (7.8% average weekly change). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥11.87, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 39x in the Communications industry in China. Total returns to shareholders of 43% over the past three years. Tillkännagivande • Dec 29
Shenzhen Friendcom Technology Development Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.32 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.32 in 3Q 2022). Revenue: CN¥346.1m (up 3.6% from 3Q 2022). Net income: CN¥74.2m (up 16% from 3Q 2022). Profit margin: 21% (up from 19% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Tillkännagivande • Sep 30
Shenzhen Friendcom Technology Development Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.066 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.066 in 2Q 2022). Revenue: CN¥305.9m (up 23% from 2Q 2022). Net income: CN¥66.0m (up 403% from 2Q 2022). Profit margin: 22% (up from 5.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥13.33, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 52x in the Communications industry in China. Total returns to shareholders of 21% over the past three years. Tillkännagivande • Jun 01
Shenzhen Friendcom Technology Development Co., Ltd. Approves Dividend for 2022 Shenzhen Friendcom Technology Development Co., Ltd. announced at the AGM held on 26 May 2023 that the company approved Cash dividend/10 shares (tax included) of CNY 1.50000000 for 2022. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥14.12, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 49x in the Communications industry in China. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥10.53, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 51x in the Communications industry in China. Total returns to shareholders of 2.8% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.29 in FY 2021) Full year 2022 results: EPS: CN¥0.49 (up from CN¥0.29 in FY 2021). Revenue: CN¥1.02b (up 18% from FY 2021). Net income: CN¥98.8m (up 72% from FY 2021). Profit margin: 9.7% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.32 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.32 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥334.0m (up 26% from 3Q 2021). Net income: CN¥64.0m (up 143% from 3Q 2021). Profit margin: 19% (up from 10.0% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.066 (vs CN¥0.05 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.066 (up from CN¥0.05 in 2Q 2021). Revenue: CN¥248.7m (up 14% from 2Q 2021). Net income: CN¥13.1m (up 31% from 2Q 2021). Profit margin: 5.3% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 09
Shenzhen Friendcom Technology Development Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 15 June 2022 Shenzhen Friendcom Technology Development Co., Ltd. announced final cash dividend of CNY 1.00000000 per 10 shares on A shares for 2021. Record date is 14 June 2022,Ex-date is 15 June 2022 and Payment date is 15 June 2022. Tillkännagivande • May 29
Shenzhen Friendcom Technology Development Co., Ltd. Approves Dividend for 2021 Shenzhen Friendcom Technology Development Co., Ltd. announced at the AGM held on May 25, 2022 that the company approved Cash dividend/10 shares (tax included) of CNY 1.00000000 for 2021. Tillkännagivande • Apr 21
Shenzhen Friendcom Technology Development Co., Ltd. Proposes Dividend for the Year 2021 Shenzhen Friendcom Technology Development Co., Ltd. announced on 20 April 2022 the profit distribution proposal for 2021 of Cash dividend/10 shares (tax included) is CNY 1.00000000. Reported Earnings • Apr 21
First quarter 2022 earnings released: EPS: CN¥0.019 (vs CN¥0.026 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.019 (up from CN¥0.026 loss in 1Q 2021). Revenue: CN¥231.0m (up 225% from 1Q 2021). Net income: CN¥3.82m (up CN¥9.11m from 1Q 2021). Profit margin: 1.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥16.23, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 51x in the Communications industry in China. Total returns to shareholders of 38% over the past three years. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.03 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¥264.5m (up 125% from 3Q 2020). Net income: CN¥26.4m (up CN¥32.4m from 3Q 2020). Profit margin: 10.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.05 (vs CN¥0.10 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥218.8m (down 7.0% from 2Q 2020). Net income: CN¥10.0m (down 50% from 2Q 2020). Profit margin: 4.6% (down from 8.5% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥11.01, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 53x in the Communications industry in China. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥11.44, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 46x in the Communications industry in China. Total loss to shareholders of 34% over the past three years. Tillkännagivande • May 25
Shenzhen Friendcom Technology Development Co., Ltd. Approves Dividend for the Year 2020 Shenzhen Friendcom Technology Development Co., Ltd. approved cash dividend of CNY 0.50 per 10 shares (tax included) for the year 2020, at the AGM held on May 21, 2021. Tillkännagivande • Apr 26
Shenzhen Friendcom Technology Development Co., Ltd. Announces Profit Distribution Proposal for 2020 Shenzhen Friendcom Technology Development Co., Ltd. announced profit distribution proposal for 2020 of CNY 0.50000000 per 10 shares (tax included). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.27 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥659.7m (down 16% from FY 2019). Net income: CN¥33.6m (down 37% from FY 2019). Profit margin: 5.1% (down from 6.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Tillkännagivande • Mar 10
Shenzhen Friendcom Technology Development Co., Ltd. to Report Fiscal Year 2020 Results on Apr 23, 2021 Shenzhen Friendcom Technology Development Co., Ltd. announced that they will report fiscal year 2020 results on Apr 23, 2021 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥9.96, the stock is trading at a trailing P/E ratio of 47.4x, up from the previous P/E ratio of 40.1x. This compares to an average P/E of 50x in the Communications industry in China. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥9.36 The company is down 38% from its price of CN¥15.10 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 9.0% over the same period. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥9.93, the stock is trading at a trailing P/E ratio of 47.3x, down from the previous P/E ratio of 57.1x. This compares to an average P/E of 56x in the Communications industry in China. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥12.15 The company is down 3.0% from its price of CN¥12.54 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 7.0% over the same period. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to CN¥13.19, the stock is trading at a trailing P/E ratio of 62.8x, down from the previous P/E ratio of 78.9x. This compares to an average P/E of 64x in the Communications industry in China. Total return to shareholders over the past three years is a loss of 4.4%. Valuation Update With 7 Day Price Move • Nov 10
Market pulls back on stock over the past week After last week's 25% share price decline to CN¥16.25, the stock is trading at a trailing P/E ratio of 77.4x, down from the previous P/E ratio of 103.5x. This compares to an average P/E of 68x in the Communications industry in China. Total return to shareholders over the past three years is a loss of 8.6%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥42.0m, down 15% from the prior year. Total revenue was CN¥763.8m over the last 12 months, up 5.5% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day high: CN¥15.64 The company is up 35% from its price of CN¥11.55 on 30 July 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 7.0% over the same period. Valuation Update With 7 Day Price Move • Oct 12
Market bids up stock over the past week After last week's 23% share price gain to CN¥15.02, the stock is trading at a trailing P/E ratio of 50.7x, up from the previous P/E ratio of 41.2x. This compares to an average P/E of 57x in the Communications industry in China. Total return to shareholders over the past three years is a loss of 6.4%. Is New 90 Day High Low • Oct 12
New 90-day high: CN¥15.02 The company is up 25% from its price of CN¥12.03 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 15% over the same period.