Tillkännagivande • Jun 30
Chengdu Spaceon Electronics Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Chengdu Spaceon Electronics Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 11
Dividend of CN¥0.05 announced Dividend of CN¥0.05 is the same as last year. Ex-date: 16th June 2026 Payment date: 16th June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.1% EPS decline seen over the last 5 years. Tillkännagivande • Apr 25
Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 19, 2026 Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: No. 66, Shengye Road, Jinniu District, Chengdu, Sichuan China Tillkännagivande • Mar 31
Chengdu Spaceon Electronics Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Tillkännagivande • Dec 31
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Tillkännagivande • Sep 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q3, 2025 Results on Oct 25, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q3, 2025 results on Oct 25, 2025 Tillkännagivande • Jul 02
Chengdu Spaceon Electronics Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Tillkännagivande • Apr 15
Chengdu Spaceon Electronics Co., Ltd. Proposes Final Dividend for 2024 Chengdu Spaceon Electronics Co., Ltd. proposed final cash dividend of CNY 0.50000000 per 10 shares (tax included) for 2024. Tillkännagivande • Apr 14
Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 08, 2025 Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: No. 66, Shengye Road, Jinniu District, Chengdu, Sichuan China Tillkännagivande • Mar 31
Chengdu Spaceon Electronics Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 Tillkännagivande • Dec 31
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2025 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.013 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.013 in 3Q 2023). Revenue: CN¥198.3m (down 12% from 3Q 2023). Net income: CN¥483.9k (down 91% from 3Q 2023). Profit margin: 0.2% (down from 2.5% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥15.38, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 24x in the Communications industry in China. Total returns to shareholders of 11% over the past year. Tillkännagivande • Sep 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q3, 2024 Results on Oct 24, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q3, 2024 results on Oct 24, 2024 New Risk • Sep 12
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: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥13.19, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 27x in the Communications industry in China. Total loss to shareholders of 21% over the past year. Tillkännagivande • Jun 29
Chengdu Spaceon Electronics Co., Ltd. to Report First Half, 2024 Results on Aug 17, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report first half, 2024 results on Aug 17, 2024 Declared Dividend • Jun 15
Dividend of CN¥0.08 announced Shareholders will receive a dividend of CN¥0.08. Ex-date: 20th June 2024 Payment date: 20th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.1% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 107% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
Full year 2023 earnings released: EPS: CN¥0.25 (vs CN¥0.32 in FY 2022) Full year 2023 results: EPS: CN¥0.25 (down from CN¥0.32 in FY 2022). Revenue: CN¥1.11b (down 8.4% from FY 2022). Net income: CN¥87.2m (down 23% from FY 2022). Profit margin: 7.9% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China. Tillkännagivande • Apr 28
Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 17, 2024 Chengdu Spaceon Electronics Co., Ltd., Annual General Meeting, May 17, 2024, at 14:30 China Standard Time. Location: No. 66, Shengye Road, Jinniu District, Chengdu, Sichuan China Agenda: To consider 2023 annual report and its summary; to consider 2023 work report of the board of directors; to consider 2023 work report of the supervisory committee; to consider 2023 annual accounts report; to consider 2023 financial budget report; to consider 2023 profit distribution plan; and to consider 2024 estimated continuing connected transactions. Tillkännagivande • Apr 27
Chengdu Spaceon Electronics Co., Ltd. Proposes Final Cash Dividend for 2023 Chengdu Spaceon Electronics Co., Ltd. proposed final cash dividend (tax included) for 2023 of CNY 3.50000000 per 10 shares. Tillkännagivande • Mar 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CN¥15.17, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Communications industry in China. Total loss to shareholders of 25% over the past year. Tillkännagivande • Dec 29
Chengdu Spaceon Electronics Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Chengdu Spaceon Electronics Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.016 (vs CN¥0.027 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.016 (down from CN¥0.027 in 3Q 2022). Revenue: CN¥225.5m (up 36% from 3Q 2022). Net income: CN¥5.54m (down 41% from 3Q 2022). Profit margin: 2.5% (down from 5.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in China. Tillkännagivande • Sep 30
Chengdu Spaceon Electronics Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Chengdu Spaceon Electronics Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 New Risk • Sep 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.7% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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 (7.7% net profit margin). Tillkännagivande • May 20
Chengdu Spaceon Electronics Co., Ltd. Approves Cash Dividend for the Year 2022 Chengdu Spaceon Electronics Co., Ltd. announced at annual general meeting held on May 18, 2023, the shareholders approved cash dividend of CNY 1.500000000 per ten shares (tax included) for the year 2022. Board Change • May 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Yong Fan 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. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (3 non-independent directors). Employee Representative Supervisor Jing Ye is the most experienced director on the board, commencing their role in 2010. Independent Director Zhengguo Li was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥20.41, the stock trades at a trailing P/E ratio of 47.1x. Average trailing P/E is 31x in the Communications industry in China. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥26.86, the stock trades at a trailing P/E ratio of 63.7x. Average trailing P/E is 37x in the Communications industry in China. 
