Duyuru • Jun 30
Mubang High-Tech Co.,Ltd. to Report First Half, 2026 Results on Aug 18, 2026 Mubang High-Tech Co.,Ltd. announced that they will report first half, 2026 results on Aug 18, 2026 New Risk • Jun 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥242m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥242m free cash flow). Earnings have declined by 57% per year over the past 5 years. Board Change • May 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Director Dinghui Wu is the most experienced director on the board, commencing their role in 2003. Independent Director Tao Ma was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 30
Mubang High-Tech Co.,Ltd., Annual General Meeting, May 28, 2026 Mubang High-Tech Co.,Ltd., Annual General Meeting, May 28, 2026, at 15:00 China Standard Time. Location: 6F, No. 1099, Jiujiang Street, Honggutan District, Nanchang, Jiangxi China Duyuru • Mar 30
Mubang High-Tech Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Mubang High-Tech Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Duyuru • Dec 26
Mubang High-Tech Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Mubang High-Tech Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Duyuru • Sep 30
Mubang High-Tech Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Mubang High-Tech Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Duyuru • Jun 30
Mubang High-Tech Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Mubang High-Tech Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Duyuru • Apr 30
Mubang High-Tech Co.,Ltd., Annual General Meeting, May 20, 2025 Mubang High-Tech Co.,Ltd., Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: 6F, No. 1099, Jiujiang Street, Honggutan District, Nanchang, Jiangxi China Duyuru • Mar 28
Mubang High-Tech Co.,Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Mubang High-Tech Co.,Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Duyuru • Dec 27
Mubang High-Tech Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Mubang High-Tech Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.20 loss per share (vs CN¥0.023 profit in 3Q 2023) Third quarter 2024 results: CN¥0.20 loss per share (down from CN¥0.023 profit in 3Q 2023). Revenue: CN¥50.7m (down 87% from 3Q 2023). Net loss: CN¥88.7m (down CN¥93.2m from profit in 3Q 2023). Duyuru • Sep 30
Mubang High-Tech Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Mubang High-Tech Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: CN¥0.23 loss per share (vs CN¥0.052 loss in 2Q 2023) Second quarter 2024 results: CN¥0.23 loss per share (further deteriorated from CN¥0.052 loss in 2Q 2023). Revenue: CN¥89.5m (down 70% from 2Q 2023). Net loss: CN¥121.7m (loss widened 449% from 2Q 2023). New Risk • Aug 28
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 7.3% 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 Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Duyuru • Jun 28
Mubang High-Tech Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Mubang High-Tech Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Duyuru • Jun 15
Zheng Qingxiang signed a Share Transfer Agreement completed the acquisition 5.07% stake in Mubang High-Tech Co.,Ltd. (SHSE:603398) from Jumbo Grand International Limited. Zheng Qingxiang signed a Share Transfer Agreement to acquire 5.07% stake in Mubang High-Tech Co.,Ltd. (SHSE:603398) from Jumbo Grand International Limited for CNY 110 million on March 18, 2024.
Zheng Qingxiang signed a Share Transfer Agreement completed the acquisition 5.07% stake in Mubang High-Tech Co.,Ltd. (SHSE:603398) from Jumbo Grand International Limited on June 13, 2024. New Risk • May 07
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 55% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Duyuru • Apr 29
Mubang High-Tech Co.,Ltd., Annual General Meeting, May 20, 2024 Mubang High-Tech Co.,Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 6F, No. 1099, Jiujiang Street, Honggutan District, Nanchang, Jiangxi China Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.10 loss per share (vs CN¥0.10 profit in 1Q 2023) First quarter 2024 results: CN¥0.10 loss per share (down from CN¥0.10 profit in 1Q 2023). Revenue: CN¥346.2m (flat on 1Q 2023). Net loss: CN¥32.7m (down 197% from profit in 1Q 2023). Duyuru • Mar 30
Mubang High-Tech Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Mubang High-Tech Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Feb 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% 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: Major Risks Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). New Risk • Jan 15
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 6.6% 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 (9.3% operating cash flow to total debt). Earnings have declined by 67% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Duyuru • Dec 29
Mubang High-Tech Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Mubang High-Tech Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.023 (vs CN¥0.004 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.023 (up from CN¥0.004 in 3Q 2022). Revenue: CN¥376.1m (up 13% from 3Q 2022). Net income: CN¥4.51m (up 144% from 3Q 2022). Profit margin: 1.2% (up from 0.6% in 3Q 2022). Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.052 loss per share (vs CN¥0.064 profit in 2Q 2022) Second quarter 2023 results: CN¥0.052 loss per share (down from CN¥0.064 profit in 2Q 2022). Revenue: CN¥295.1m (down 1.6% from 2Q 2022). Net loss: CN¥22.2m (down 224% from profit in 2Q 2022). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.03 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.03 loss in 1Q 2022). Revenue: CN¥345.3m (up 302% from 1Q 2022). Net income: CN¥33.7m (up CN¥42.8m from 1Q 2022). Profit margin: 9.7% (up from net loss in 1Q 2022).