Declared Dividend • Jun 01
Dividend reduced to CN¥0.35 Dividend of CN¥0.35 is 22% lower than last year. Ex-date: 8th June 2026 Payment date: 8th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 39% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Chunrong Ding was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 29
Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 19, 2026 Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 19, 2026, at 13:30 China Standard Time. Location: 3F, No. 333, Zhongchuang Road, Yuanhe Science and Technology Park, Xiangcheng District, Suzhou, Jiangsu China Duyuru • Mar 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q1, 2026 Results on Apr 29, 2026 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Duyuru • Dec 26
Suzhou SONAVOX Electronics Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 Duyuru • Sep 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Duyuru • Jun 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Apr 30
Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2025 Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2025, at 13:30 China Standard Time. Location: 3F, No. 333, Zhongchuang Road, Yuanhe Science and Technology Park, Xiangcheng District, Suzhou, Jiangsu China Duyuru • Mar 28
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 27
Suzhou SONAVOX Electronics Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to CN¥40.35, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.24 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.49 (vs CN¥0.22 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.49 (up from CN¥0.22 in 3Q 2023). Revenue: CN¥755.8m (up 20% from 3Q 2023). Net income: CN¥78.1m (up 117% from 3Q 2023). Profit margin: 10% (up from 5.7% in 3Q 2023). 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 8.2% growth forecast for the Consumer Durables 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¥30.40, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Consumer Durables industry in China. Total loss to shareholders of 32% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.63 per share. New Risk • Sep 30
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 8.1% 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 (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Duyuru • Sep 30
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥25.78, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥16.52 per share. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.26 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.33 (up from CN¥0.26 in 2Q 2023). Revenue: CN¥640.6m (up 25% from 2Q 2023). Net income: CN¥53.1m (up 28% from 2Q 2023). Profit margin: 8.3% (up from 8.1% in 2Q 2023). 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 6.3% growth forecast for the Consumer Durables industry in China. Board Change • Jul 01
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. 7 experienced directors. No highly experienced directors. Executive Manager & Director Xiaofeng Ding was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jun 28
Suzhou SONAVOX Electronics Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.37 (vs CN¥0.19 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.37 (up from CN¥0.19 in 1Q 2023). Revenue: CN¥597.8m (up 32% from 1Q 2023). Net income: CN¥58.5m (up 95% from 1Q 2023). Profit margin: 9.8% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Consumer Durables industry in China. Duyuru • May 01
Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2024 Suzhou SONAVOX Electronics Co.,Ltd., Annual General Meeting, May 20, 2024, at 13:30 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥22.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Durables industry in China. Total loss to shareholders of 45% over the past year. Duyuru • Mar 29
Suzhou SONAVOX Electronics Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Suzhou SONAVOX Electronics Co.,Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: CN¥1.00 (vs CN¥0.54 in FY 2022) Full year 2023 results: EPS: CN¥1.00 (up from CN¥0.54 in FY 2022). Revenue: CN¥2.32b (up 31% from FY 2022). Net income: CN¥160.1m (up 84% from FY 2022). Profit margin: 6.9% (up from 4.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Consumer Durables industry in China. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥27.25, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Consumer Durables industry in China. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.22 (vs CN¥0.15 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.22 (up from CN¥0.15 in 3Q 2022). Revenue: CN¥629.4m (up 20% from 3Q 2022). Net income: CN¥36.0m (up 42% from 3Q 2022). Profit margin: 5.7% (up from 4.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. New Risk • Oct 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (41% accrual ratio). Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥46.35, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Consumer Durables industry in China. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.26 (vs CN¥0.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.26 (up from CN¥0.15 in 2Q 2022). Revenue: CN¥511.1m (up 45% from 2Q 2022). Net income: CN¥41.3m (up 73% from 2Q 2022). Profit margin: 8.1% (up from 6.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Durables industry in China. Duyuru • Jun 28
Suzhou Sonavox Electronics Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Suzhou Sonavox Electronics Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 New Risk • Jun 14
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 7.7% 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 (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥51.65, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 15x in the Consumer Durables industry in China. Simply Wall St's valuation model estimates the intrinsic value at CN¥75.66 per share. Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: CN¥0.54 (vs CN¥0.41 in FY 2021) Full year 2022 results: EPS: CN¥0.54 (up from CN¥0.41 in FY 2021). Revenue: CN¥1.77b (up 36% from FY 2021). Net income: CN¥85.9m (up 42% from FY 2021). Profit margin: 4.9% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Consumer Durables industry in China.