New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 26% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 26% per year over the past 5 years. High level of non-cash earnings (186% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.7% net profit margin). Declared Dividend • Jun 04
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 8th June 2026 Payment date: 8th June 2026 Dividend yield will be 0.1%, which is lower than the industry average of 1.2%. New Risk • May 29
New major risk - Revenue and earnings growth Earnings have declined by 25% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 116% Paying a dividend despite having no free cash flows. Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (192% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Tillkännagivande • Apr 28
Shenzhen Phoenix Telecom Technology Co.,Ltd., Annual General Meeting, May 19, 2026 Shenzhen Phoenix Telecom Technology Co.,Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Tillkännagivande • Mar 31
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Tillkännagivande • Dec 31
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Tillkännagivande • Sep 30
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Tillkännagivande • Jul 02
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 20, 2025 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 20, 2025 Tillkännagivande • Apr 29
Shenzhen Phoenix Telecom Technology Co.,Ltd., Annual General Meeting, May 20, 2025 Shenzhen Phoenix Telecom Technology Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Tillkännagivande • Mar 31
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Tillkännagivande • Jan 18
Shenzhen Phoenix Telecom Technology Co.,Ltd. Approves Board Appointments Shenzhen Phoenix Telecom Technology Co.,Ltd. at the Extraordinary General Meeting of 2025 on 16 January 2025 approved election and nomination of non-independent directors, cumulative voting system applicable: Chu Zhaoli, non-independent director; Election and nomination of independent directors, cumulative voting system applicable: You Linru, independent director; Xia Yong, independent director; Election and nomination of shareholder supervisors, cumulative voting system applicable: Peng Jiajia, shareholder supervisor. Tillkännagivande • Dec 31
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥97.90, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 30x in the Communications industry in China. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.44 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.41 (down from CN¥0.44 in 3Q 2023). Revenue: CN¥433.5m (down 13% from 3Q 2023). Net income: CN¥28.1m (down 9.4% from 3Q 2023). Profit margin: 6.5% (up from 6.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥74.88, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 28x in the Communications industry in China. 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¥81.52, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Communications industry in China. Tillkännagivande • Sep 30
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.61 (vs CN¥0.51 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.61 (up from CN¥0.51 in 2Q 2023). Revenue: CN¥416.9m (down 14% from 2Q 2023). Net income: CN¥42.1m (up 19% from 2Q 2023). Profit margin: 10% (up from 7.2% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Tillkännagivande • Jun 29
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 27, 2024 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 27, 2024 Tillkännagivande • Jun 01
Shenzhen Phoenix Telecom Technology Co.,Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 06 June 2024 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 10.00000000 on A shares for the year 2023. Record date is 05 June 2024. Ex-date is 06 June 2024. Payment date is 06 June 2024. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥82.31, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 29x in the Communications industry in China. Tillkännagivande • Apr 28
Shenzhen Phoenix Telecom Technology Co.,Ltd., Annual General Meeting, May 20, 2024 Shenzhen Phoenix Telecom Technology Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong 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 2024 financial budget report; to consider 2023 profit distribution plan; to consider Reappointment of 2024 audit firm; to consider Cash management with temporarily idle raised funds and some proprietary funds; to consider Amendments to the Company's rules of procedure governing shareholders' general meetings; and to consider other matters. Tillkännagivande • Apr 27
Shenzhen Phoenix Telecom Technology Co.,Ltd. Proposes Final Dividend for the Year 2023 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 10.00. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥2.08 (vs CN¥3.15 in FY 2022) Full year 2023 results: EPS: CN¥2.08 (down from CN¥3.15 in FY 2022). Revenue: CN¥2.07b (down 12% from FY 2022). Net income: CN¥144.4m (down 26% from FY 2022). Profit margin: 7.0% (down from 8.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in China. Tillkännagivande • Mar 30
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥68.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Communications industry in China. Tillkännagivande • Dec 29
Shenzhen Phoenix Telecom Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Shenzhen Phoenix Telecom Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 
