Declared Dividend • May 20
Dividend reduced to CN¥0.25 Dividend of CN¥0.25 is 50% lower than last year. Ex-date: 22nd May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Apr 23
Goldcard Smart Group Co., Ltd., Annual General Meeting, May 13, 2026 Goldcard Smart Group Co., Ltd., Annual General Meeting, May 13, 2026, at 14:30 China Standard Time. Location: No. 161, Yuancheng Road, Qiantang District, Hangzhou, Zhejiang China Tillkännagivande • Mar 31
Goldcard Smart Group Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Goldcard Smart Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Tillkännagivande • Dec 31
Goldcard Smart Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 23, 2026 Goldcard Smart Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 23, 2026 Tillkännagivande • Sep 30
Goldcard Smart Group Co., Ltd. to Report Q3, 2025 Results on Oct 24, 2025 Goldcard Smart Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 24, 2025 Tillkännagivande • Jul 02
Goldcard Smart Group Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025 Tillkännagivande • Apr 25
Goldcard Smart Group Co., Ltd., Annual General Meeting, May 15, 2025 Goldcard Smart Group Co., Ltd., Annual General Meeting, May 15, 2025, at 14:30 China Standard Time. Location: No. 161, Yuancheng Road, Qiantang District, Hangzhou, Zhejiang China Tillkännagivande • Mar 31
Goldcard Smart Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Goldcard Smart Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Tillkännagivande • Jan 11
Goldcard Smart Group Co., Ltd. Announces Board Appointments Goldcard Smart Group Co., Ltd. held its 1st Extraordinary General Meeting of 2025 on 09 January 2025 were approved; Election of independent directors, Li Jianxun, independent director, Shi Haina, independent director and Tang Guohua, independent director and Chen Shijian as non-employee supervisor. Tillkännagivande • Dec 31
Goldcard Smart Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Goldcard Smart Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (down from CN¥0.22 in 3Q 2023). Revenue: CN¥747.8m (down 9.6% from 3Q 2023). Net income: CN¥79.7m (down 12% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. 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 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥13.37, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.16 per share. Tillkännagivande • Sep 30
Goldcard Smart Group Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024 Goldcard Smart Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024 Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.30 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.29 (down from CN¥0.30 in 2Q 2023). Revenue: CN¥765.2m (down 6.1% from 2Q 2023). Net income: CN¥119.1m (down 5.5% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • Jun 29
Goldcard Smart Group Co., Ltd. to Report First Half, 2024 Results on Aug 16, 2024 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2024 results on Aug 16, 2024 Tillkännagivande • May 15
Goldcard Smart Group Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 20 May 2024 Goldcard Smart Group Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 5.00000000 on A shares for the year 2023. Record date: 17 May 2024. Ex-date: 20 May 2024. Payment date: 20 May 2024. Tillkännagivande • May 12
Goldcard Smart Group Co., Ltd. Approves Cash Dividend for 2023 Goldcard Smart Group Co., Ltd. announced at the AGM held on May 9, 2024, approved Cash dividend/10 shares (tax included): CNY5.00000000 for 2023. Tillkännagivande • Apr 19
Goldcard Smart Group Co., Ltd., Annual General Meeting, May 09, 2024 Goldcard Smart Group Co., Ltd., Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 18
First quarter 2024 earnings released: EPS: CN¥0.24 (vs CN¥0.20 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.24 (up from CN¥0.20 in 1Q 2023). Revenue: CN¥718.7m (up 13% from 1Q 2023). Net income: CN¥99.0m (up 22% from 1Q 2023). Profit margin: 14% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 30
Goldcard Smart Group Co., Ltd. to Report Q1, 2024 Results on Apr 18, 2024 Goldcard Smart Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 18, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥9.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 6.5% over the past three years. Tillkännagivande • Dec 30
Goldcard Smart Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 18, 2024 Goldcard Smart Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 18, 2024 Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.16 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.16 in 3Q 2022). Revenue: CN¥827.5m (up 21% from 3Q 2022). Net income: CN¥90.8m (up 36% from 3Q 2022). Profit margin: 11% (up from 9.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CN¥0.30 (vs CN¥0.22 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.30 (up from CN¥0.22 in 2Q 2022). Revenue: CN¥814.4m (up 16% from 2Q 2022). Net income: CN¥126.0m (up 28% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 01
Goldcard Smart Group Co., Ltd. to Report First Half, 2023 Results on Aug 10, 2023 Goldcard Smart Group Co., Ltd. announced that they will report first half, 2023 results on Aug 10, 2023 Tillkännagivande • Jun 16
Goldcard Smart Group Co., Ltd. Implements Final Cash Dividend of A Shares for 2022, Payable on June 21, 2023 Goldcard Smart Group Co., Ltd. implemented final cash dividend of CNY 1.00000000 per 10 A shares (tax included) for 2022. Record date: 20 June 2023; Ex-date: 21 June 2023; Payment date: 21 June 2023. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥13.96, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 1.3% over the past three years. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥0.64 (vs CN¥0.63 in FY 2021) Full year 2022 results: EPS: CN¥0.64 (up from CN¥0.63 in FY 2021). Revenue: CN¥2.74b (up 19% from FY 2021). Net income: CN¥270.5m (up 1.4% from FY 2021). Profit margin: 9.9% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.16 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥686.9m (up 21% from 3Q 2021). Net income: CN¥66.6m (up 25% from 3Q 2021). Profit margin: 9.7% (in line with 3Q 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.27 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.22 (down from CN¥0.27 in 2Q 2021). Revenue: CN¥699.6m (up 18% from 2Q 2021). Net income: CN¥98.8m (down 21% from 2Q 2021). Profit margin: 14% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.5%, compared to a 25% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.05 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.05 in 1Q 2021). Revenue: CN¥551.5m (up 30% from 1Q 2021). Net income: CN¥16.5m (down 13% from 1Q 2021). Profit margin: 3.0% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.8%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.63 (vs CN¥0.26 in FY 2020) Full year 2021 results: EPS: CN¥0.63 (up from CN¥0.26 in FY 2020). Revenue: CN¥2.30b (up 19% from FY 2020). Net income: CN¥266.8m (up 140% from FY 2020). Profit margin: 12% (up from 5.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.3%, compared to a 23% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.25 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥567.5m (down 5.8% from 3Q 2020). Net income: CN¥53.3m (down 50% from 3Q 2020). Profit margin: 9.4% (down from 18% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥590.7m (up 39% from 2Q 2020). Net income: CN¥124.8m (up 50% from 2Q 2020). Profit margin: 21% (up from 20% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improved over the past week After last week's 27% share price gain to CN¥14.10, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electronic industry in China. Total loss to shareholders of 5.7% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥11.45 per share. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.05 (vs CN¥0.09 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥424.8m (up 51% from 1Q 2020). Net income: CN¥19.1m (down 50% from 1Q 2020). Profit margin: 4.5% (down from 14% in 1Q 2020). Is New 90 Day High Low • Jan 25
New 90-day low: CN¥10.86 The company is down 30% from its price of CN¥15.41 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 Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.14 per share. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥11.78 The company is down 22% from its price of CN¥15.11 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.17 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥13.71 The company is down 15% from its price of CN¥16.15 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 Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥22.29 per share. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥14.33 The company is down 19% from its price of CN¥17.79 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥19.31 per share. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥351.9m, down 21% from the prior year. Total revenue was CN¥1.95b over the last 12 months, down 1.9% from the prior year. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥14.66 The company is down 5.0% from its price of CN¥15.38 on 03 July 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.27 per share.