Duyuru • Jul 01
Sanbian Sci Tech Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Sanbian Sci Tech Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Buy Or Sell Opportunity • Jun 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to CN¥17.76. The fair value is estimated to be CN¥22.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 5.9%. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.07 (in line with 1Q 2025). Revenue: CN¥514.3m (up 91% from 1Q 2025). Net income: CN¥21.1m (up 12% from 1Q 2025). Profit margin: 4.1% (down from 7.0% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. New Risk • Apr 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Duyuru • Apr 25
Sanbian Sci Tech Co., Ltd., Annual General Meeting, May 15, 2026 Sanbian Sci Tech Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 3F, No. 369, Xiqu Avenue, Sanmen County, Zhejiang China Duyuru • Mar 31
Sanbian Sci Tech Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Sanbian Sci Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥19.66, the stock trades at a trailing P/E ratio of 70.1x. Average trailing P/E is 58x in the Electrical industry in China. Total returns to shareholders of 137% over the past three years. New Risk • Jan 07
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 7.2% 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 Debt is not well covered by operating cash flow (9.1% operating cash flow to total debt). 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 (7.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥15.58, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 51x in the Electrical industry in China. Total returns to shareholders of 103% over the past three years. Duyuru • Dec 31
Sanbian Sci Tech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Sanbian Sci Tech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥16.01, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 51x in the Electrical industry in China. Total returns to shareholders of 107% over the past three years. Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.029 (vs CN¥0.10 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.029 (down from CN¥0.10 in 3Q 2024). Revenue: CN¥494.2m (down 23% from 3Q 2024). Net income: CN¥7.58m (down 71% from 3Q 2024). Profit margin: 1.5% (down from 4.1% 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 34% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 30
Sanbian Sci Tech Co., Ltd. to Report Q3, 2025 Results on Oct 23, 2025 Sanbian Sci Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 23, 2025 Duyuru • Sep 05
Sanbian Sci Tech Co., Ltd. Appoints Liu Yuelai as A Non-Independent Director Sanbian Sci Tech Co., Ltd. at its AGM held on 03 September 2025 approved By-election of Liu Yuelai as a non-independent director. New Risk • Aug 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.05 (vs CN¥0.10 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.05 (down from CN¥0.10 in 2Q 2024). Revenue: CN¥475.4m (down 9.6% from 2Q 2024). Net income: CN¥13.8m (down 48% from 2Q 2024). Profit margin: 2.9% (down from 5.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 02
Sanbian Sci Tech Co., Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Sanbian Sci Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Board Change • Jun 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 5 experienced directors. No highly experienced directors. Supervisor Cheng Mei is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • May 23
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 107% Dividend yield: 0.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Debt is not well covered by operating cash flow (6.5% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (107% cash payout ratio). Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: CN¥0.46 (vs CN¥0.34 in FY 2023) Full year 2024 results: EPS: CN¥0.46 (up from CN¥0.34 in FY 2023). Revenue: CN¥2.18b (up 26% from FY 2023). Net income: CN¥120.8m (up 35% from FY 2023). Profit margin: 5.5% (up from 5.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 25
Sanbian Sci Tech Co., Ltd., Annual General Meeting, May 16, 2025 Sanbian Sci Tech Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 3F, No. 369, Xiqu Avenue, Sanmen County, Zhejiang China Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥11.87, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 34x in the Electrical industry in China. Total returns to shareholders of 106% over the past three years. Duyuru • Mar 31
Sanbian Sci Tech Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Sanbian Sci Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥15.12, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 39x in the Electrical industry in China. Total returns to shareholders of 138% over the past three years. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥15.90, the stock trades at a trailing P/E ratio of 31.1x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 155% over the past three years. New Risk • Jan 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 8.9% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥13.76, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 34x in the Electrical industry in China. Total returns to shareholders of 122% over the past three years. Duyuru • Dec 31
Sanbian Sci Tech Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 Sanbian Sci Tech Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.068 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.068 in 3Q 2023). Revenue: CN¥641.0m (up 69% from 3Q 2023). Net income: CN¥26.5m (up 43% from 3Q 2023). Profit margin: 4.1% (down from 4.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 30
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report Q3, 2024 Results on Oct 31, 2024 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥10.66, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 29x in the Electrical industry in China. Total returns to shareholders of 82% over the past three years. Duyuru • Sep 26
Taizhou Beibu Gulf Economic Development Group Co., Ltd. agreed to acquire 17.25% stake in Sanmen Sanbian Microfinance Co., Ltd. from SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. (SZSE:002112) for CNY 14.1 million. Taizhou Beibu Gulf Economic Development Group Co., Ltd. agreed to acquire 17.25% stake in Sanmen Sanbian Microfinance Co., Ltd. from SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. (SZSE:002112) for CNY 14.1 million on September 20, 2024. A cash consideration of CNY 14.14 million will be paid by Taizhou Beibu Gulf Economic Development Group Co., Ltd. As part of consideration, CNY 14.14 million is paid towards common equity of Sanmen Sanbian Microfinance Co., Ltd.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board of directors of SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. Duyuru • Sep 07
San Bian Science& Technology Co., Ltd. Announces Board Appointments SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. at the Extraordinary General Meeting of 2024 on 05 September 2024, approved election of independent directors, cumulative voting system applicable: Wang Maosong, independent director; Guan Hongbin, independent director; Yu Jianxiang, independent director. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.03 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.03 in 2Q 2023). Revenue: CN¥525.6m (up 49% from 2Q 2023). Net income: CN¥26.3m (up 206% from 2Q 2023). Profit margin: 5.0% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report First Half, 2024 Results on Aug 31, 2024 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.03 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.10 (up from CN¥0.03 in 1Q 2023). Revenue: CN¥324.1m (up 37% from 1Q 2023). Net income: CN¥25.7m (up 283% from 1Q 2023). Profit margin: 7.9% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 21
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD., Annual General Meeting, May 10, 2024 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD., Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.34 (vs CN¥0.16 in FY 2022) Full year 2023 results: EPS: CN¥0.34 (up from CN¥0.16 in FY 2022). Revenue: CN¥1.72b (up 32% from FY 2022). Net income: CN¥89.4m (up 109% from FY 2022). Profit margin: 5.2% (up from 3.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% 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 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥7.39, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 29x in the Electrical industry in China. Total returns to shareholders of 29% over the past three years. Duyuru • Mar 30
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report Q1, 2024 Results on Apr 30, 2024 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥9.10, the stock trades at a trailing P/E ratio of 43.9x. Average trailing P/E is 29x in the Electrical industry in China. Total returns to shareholders of 69% over the past three years. Duyuru • Mar 02
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that it expects to receive CNY 200 million in funding from Zhejiang Sanbian Group Co., Ltd. SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced a private placement and entered into conditional share subscription agreement with new investor Zhejiang Sanbian Group Co., Ltd to issue not more than 32,051,282 shares at an issue price of CNY 6.24 per share for the gross proceeds of CNY 199,999,999.68 on February 29, 2024. The transaction has been approved in the 7th directorate during its 6th meeting and 7th supervisory board during its 6th meeting and sixth meeting of the seventh board of directors and the sixth meeting of the seventh board of supervisors and is still subject for approval by Shenzhen Stock Exchange and China Securities Regulatory Commission. All shares will be subscribed by the investor. These shares are subject to lockup period of 18 months. After approval of this issuance by China Securities Regulatory Commission and the company’s receipt of “Payment notice” issued by sponsor (lead underwriter), investor shall transfer the full subscription amount to the account designated by the sponsor. After capital verification, sponsorship and underwriting fees shall be deducted from the subscription amount and the balance shall be transferred to the company’s account. Within 30 working days from payment by investor , the company shall process registration of the shares subscribed by investor. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to CN¥6.58, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 23x in the Electrical industry in China. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥8.91, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 30x in the Electrical industry in China. Total returns to shareholders of 62% over the past three years. Duyuru • Dec 30
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report Fiscal Year 2023 Results on Apr 20, 2024 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report fiscal year 2023 results on Apr 20, 2024 Reported Earnings • Oct 14
Third quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.033 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.068 (up from CN¥0.033 in 3Q 2022). Revenue: CN¥378.9m (up 27% from 3Q 2022). Net income: CN¥18.5m (up 84% from 3Q 2022). Profit margin: 4.9% (up from 3.4% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.036 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.03 (down from CN¥0.036 in 2Q 2022). Revenue: CN¥352.4m (up 40% from 2Q 2022). Net income: CN¥8.58m (down 17% from 2Q 2022). Profit margin: 2.4% (down from 4.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 17% per year. Duyuru • Jul 01
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report First Half, 2023 Results on Aug 12, 2023 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report first half, 2023 results on Aug 12, 2023 Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥11.40, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 38x in the Electrical industry in China. Total returns to shareholders of 86% over the past three years. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.069 in FY 2021) Full year 2022 results: EPS: CN¥0.16 (up from CN¥0.069 in FY 2021). Revenue: CN¥1.31b (up 26% from FY 2021). Net income: CN¥42.7m (up 130% from FY 2021). Profit margin: 3.3% (up from 1.8% 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 20% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Dec 10
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. Announces Board Elections SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced at extraordinary general meeting of 2022 held on 08 December 2022, the shareholders elected Zhang Qiang as non-independent director and Wang Dandan as non-employee supervisor of the company. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Non-Independent Director Weishi Xie was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.033 (vs CN¥0.031 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.033 (up from CN¥0.031 in 3Q 2021). Revenue: CN¥298.8m (up 15% from 3Q 2021). Net income: CN¥10.0m (up 27% from 3Q 2021). Profit margin: 3.4% (up from 3.1% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥9.26, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 34x in the Electrical industry in China. Total returns to shareholders of 26% over the past three years. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.046 (vs CN¥0.018 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.046 (up from CN¥0.018 in 2Q 2021). Revenue: CN¥251.4m (down 3.8% from 2Q 2021). Net income: CN¥10.3m (up 124% from 2Q 2021). Profit margin: 4.1% (up from 1.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Duyuru • Jun 22
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. Announces Cash Dividend for 2021, Payable on 28 June 2022 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced cash dividend (tax included) of CNY 0.20000000 per ten shares for 2021. Record date: 27 June 2022. Ex-date: 28 June 2022. Payment date: 28 June 2022. Duyuru • May 18
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. Approves Cash Dividend for 2021 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that at the Annual General Meeting held on 13 May 2022, approved cash dividend (tax included) of CNY 0.20000000 per ten shares for 2021. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. Non-Independent Director Weishi Xie was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Apr 26
San Bian Science& Technology Co., Ltd. Proposes Final Dividend for the Year 2021 San Bian Science& Technology Co., Ltd. proposed final cash dividend of CNY 0.20000000 per 10 shares (tax included) for the year 2021. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.08 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥259.7m (down 6.2% from 3Q 2020). Net income: CN¥7.94m (down 52% from 3Q 2020). Profit margin: 3.1% (down from 5.9% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥9.36, the stock trades at a trailing P/E ratio of 66.8x. Average trailing P/E is 39x in the Electrical industry in China. Total returns to shareholders of 26% over the past three years. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.018 (vs CN¥0.044 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥261.3m (up 12% from 2Q 2020). Net income: CN¥4.59m (down 48% from 2Q 2020). Profit margin: 1.8% (down from 3.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.05 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥1.01b (up 42% from FY 2019). Net income: CN¥31.7m (up 217% from FY 2019). Profit margin: 3.1% (up from 1.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Mar 09
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report Fiscal Year 2020 Results on Apr 23, 2021 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report fiscal year 2020 results on Apr 23, 2021 Is New 90 Day High Low • Jan 27
New 90-day low: CN¥7.02 The company is down 24% from its price of CN¥9.27 on 29 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 Electrical industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 06
New 90-day low: CN¥7.81 The company is down 3.0% from its price of CN¥8.04 on 30 September 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 39% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: CN¥9.93 The company is up 8.0% from its price of CN¥9.16 on 07 August 2020. The Chinese market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 6.0% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥31.1m, down 44% from the prior year. Total revenue was CN¥841.0m over the last 12 months, up 31% from the prior year. Duyuru • Oct 17
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report Q3, 2020 Results on Oct 24, 2020 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report Q3, 2020 results on Oct 24, 2020 Is New 90 Day High Low • Sep 30
New 90-day low: CN¥8.04 The company is down 5.0% from its price of CN¥8.45 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 10.0% over the same period. Duyuru • Jul 24
SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. to Report First Half, 2020 Results on Aug 20, 2020 SAN BIAN SCIENCE& TECHNOLOGY Co., LTD. announced that they will report first half, 2020 results on Aug 20, 2020