Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Xueguo Wen is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Jun 30
Wangsu Science & Technology Co.,Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Wangsu Science & Technology Co.,Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.52, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 37x in the IT industry in China. Total returns to shareholders of 91% over the past three years. Duyuru • May 30
Wangsu Science & Technology Co.,Ltd. Approves Cash Dividend for the Year 2025 Wangsu Science & Technology Co.,Ltd. held its Annual General Meeting of 2025 on 27 May 2026, approved Cash dividend (tax included) of CNY 2.50000000 per 10 shares for the year 2025. New Risk • Apr 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% 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 Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Apr 15
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: CN¥0.33 (up from CN¥0.28 in FY 2024). Revenue: CN¥4.66b (down 5.5% from FY 2024). Net income: CN¥799.5m (up 19% from FY 2024). Profit margin: 17% (up from 14% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 36% per year. Duyuru • Apr 15
Wangsu Science & Technology Co.,Ltd., Annual General Meeting, May 27, 2026 Wangsu Science & Technology Co.,Ltd., Annual General Meeting, May 27, 2026, at 14:30 China Standard Time. Location: Building 1, No. 369, Huifa Road, Jiading District, Shanghai China Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.67, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 50x in the IT industry in China. Total returns to shareholders of 178% over the past three years. Duyuru • Mar 31
Wangsu Science & Technology Co.,Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Wangsu Science & Technology Co.,Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥16.90, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 44x in the IT industry in China. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥18.08, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 55x in the IT industry in China. Total returns to shareholders of 218% over the past three years. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CN¥20.45, the stock trades at a forward P/E ratio of 60x. Average forward P/E is 54x in the IT industry in China. Total returns to shareholders of 237% over the past three years. New Risk • Jan 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 8.2% 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: 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 (8.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥13.78, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 45x in the IT industry in China. Total returns to shareholders of 154% over the past three years. Duyuru • Dec 31
Wangsu Science & Technology Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 15, 2026 Wangsu Science & Technology Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 15, 2026 Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: CN¥0.099 (vs CN¥0.054 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.099 (up from CN¥0.054 in 3Q 2024). Revenue: CN¥1.14b (down 13% from 3Q 2024). Net income: CN¥243.6m (up 85% from 3Q 2024). Profit margin: 21% (up from 10% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: CN¥0.074 (vs CN¥0.065 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.074 (up from CN¥0.065 in 2Q 2024). Revenue: CN¥1.12b (down 5.5% from 2Q 2024). Net income: CN¥180.7m (up 14% from 2Q 2024). Profit margin: 16% (up from 14% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 02
Wangsu Science & Technology Co.,Ltd. to Report First Half, 2025 Results on Aug 15, 2025 Wangsu Science & Technology Co.,Ltd. announced that they will report first half, 2025 results on Aug 15, 2025 Declared Dividend • May 18
Dividend of CN¥0.25 announced Dividend of CN¥0.25 is the same as last year. Ex-date: 23rd May 2025 Payment date: 23rd May 2025 Dividend yield will be 2.2%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by both earnings (83% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 25
Price target decreased by 16% to CN¥11.87 Down from CN¥14.11, the current price target is an average from 4 analysts. New target price is 6.6% above last closing price of CN¥11.14. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.28 last year. Duyuru • Apr 16
Wangsu Science & Technology Co.,Ltd. Proposes Final Cash Dividend for the Year 2024 Wangsu Science & Technology Co.,Ltd. announced on 15 April 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 2.50000000. Reported Earnings • Apr 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: CN¥0.28 (up from CN¥0.25 in FY 2023). Revenue: CN¥4.93b (up 4.8% from FY 2023). Net income: CN¥674.5m (up 10.0% from FY 2023). Profit margin: 14% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 15
Wangsu Science & Technology Co.,Ltd., Annual General Meeting, May 07, 2025 Wangsu Science & Technology Co.,Ltd., Annual General Meeting, May 07, 2025, at 14:30 China Standard Time. Location: Building 1, No. 369 Huifa Road, Jiading District, Shanghai China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥9.46, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 45x in the IT industry in China. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.02 per share. Duyuru • Mar 31
Wangsu Science & Technology Co.,Ltd. to Report Q1, 2025 Results on Apr 25, 2025 Wangsu Science & Technology Co.,Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥12.86, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 41x in the IT industry in China. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥13.34, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 36x in the IT industry in China. Total returns to shareholders of 125% over the past three years. New Risk • Jan 29
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 8.8% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Cash payout ratio: 90% Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.37, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the IT industry in China. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥8.90, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the IT industry in China. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.24 per share. Price Target Changed • Jan 01
Price target increased by 7.4% to CN¥10.13 Up from CN¥9.44, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥10.57. Stock is up 33% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.25 last year. Duyuru • Dec 31
Wangsu Science & Technology Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2025 Wangsu Science & Technology Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2025 Price Target Changed • Oct 29
Price target increased by 8.8% to CN¥9.44 Up from CN¥8.67, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥9.27. Stock is up 32% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.25 last year. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.054 (vs CN¥0.069 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.054 (down from CN¥0.069 in 3Q 2023). Revenue: CN¥1.31b (up 10.0% from 3Q 2023). Net income: CN¥131.8m (down 21% from 3Q 2023). Profit margin: 10% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥8.76, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 29x in the IT industry in China. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.34 per share. Duyuru • Sep 30
Wangsu Science & Technology Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Wangsu Science & Technology Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.99, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the IT industry in China. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.32 per share. Price Target Changed • Aug 21
Price target decreased by 7.0% to CN¥8.67 Down from CN¥9.33, the current price target is an average from 6 analysts. New target price is 25% above last closing price of CN¥6.92. Stock is up 7.1% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.25 last year. Reported Earnings • Aug 21
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.065 (down from CN¥0.068 in 2Q 2023). Revenue: CN¥1.18b (up 1.9% from 2Q 2023). Net income: CN¥158.7m (down 2.8% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Revenue missed analyst estimates by 21%. Earnings per share (EPS) exceeded analyst estimates by 200%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
Wangsu Science & Technology Co.,Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Wangsu Science & Technology Co.,Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Duyuru • May 11
Wangsu Science & Technology Co.,Ltd. Approves Cash Dividend for 2023 Wangsu Science & Technology Co.,Ltd. held its Annual General Meeting of 2023 on 09 May 2024, were approved 2023 profit distribution plan as Cash dividend/10 shares (tax included): CNY 2.50000000. Price Target Changed • May 10
Price target increased by 15% to CN¥9.37 Up from CN¥8.17, the current price target is an average from 5 analysts. New target price is 6.2% above last closing price of CN¥8.82. Stock is up 15% over the past year. The company is forecast to post earnings per share of CN¥0.27 for next year compared to CN¥0.25 last year. Reported Earnings • Apr 14
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: CN¥0.25 (up from CN¥0.08 in FY 2022). Revenue: CN¥4.71b (down 7.4% from FY 2022). Net income: CN¥613.1m (up 222% from FY 2022). Profit margin: 13% (up from 3.7% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 13
Wangsu Science & Technology Co.,Ltd., Annual General Meeting, May 09, 2024 Wangsu Science & Technology Co.,Ltd., Annual General Meeting, May 09, 2024, at 14:30 China Standard Time. Duyuru • Mar 30
Wangsu Science & Technology Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Wangsu Science & Technology Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥10.30, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 25x in the IT industry in China. Total returns to shareholders of 56% over the past three years. Major Estimate Revision • Jan 31
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from CN¥0.206 to CN¥0.237. Revenue forecast steady at CN¥5.09b. Net income forecast to grow 26% next year vs 58% growth forecast for IT industry in China. Consensus price target up from CN¥7.02 to CN¥7.69. Share price fell 4.7% to CN¥7.76 over the past week. Duyuru • Dec 29
Wangsu Science & Technology Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024 Wangsu Science & Technology Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024 Price Target Changed • Dec 28
Price target increased by 10% to CN¥7.02 Up from CN¥6.38, the current price target is an average from 5 analysts. New target price is 7.5% below last closing price of CN¥7.59. Stock is up 39% over the past year. The company is forecast to post earnings per share of CN¥0.19 for next year compared to CN¥0.08 last year. Major Estimate Revision • Oct 31
Consensus EPS estimates increase by 46%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥5.25b to CN¥4.93b. EPS estimate rose from CN¥0.164 to CN¥0.239. Net income forecast to grow 9.2% next year vs 57% growth forecast for IT industry in China. Consensus price target up from CN¥6.38 to CN¥6.63. Share price rose 8.0% to CN¥7.01 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: CN¥0.069 (up from CN¥0.036 in 3Q 2022). Revenue: CN¥1.19b (down 1.1% from 3Q 2022). Net income: CN¥167.5m (up 90% from 3Q 2022). Profit margin: 14% (up from 7.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 146%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Sep 30
Wangsu Science & Technology Co.,Ltd. to Report Q3, 2023 Results on Oct 25, 2023 Wangsu Science & Technology Co.,Ltd. announced that they will report Q3, 2023 results on Oct 25, 2023 Major Estimate Revision • Sep 07
Consensus EPS estimates increase by 29%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥5.97b to CN¥5.48b. EPS estimate rose from CN¥0.133 to CN¥0.171. Net income forecast to shrink 15% next year vs 50% growth forecast for IT industry in China . Consensus price target broadly unchanged at CN¥6.25. Share price fell 2.9% to CN¥6.69 over the past week. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.015 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.068 (up from CN¥0.015 in 2Q 2022). Revenue: CN¥1.16b (down 11% from 2Q 2022). Net income: CN¥163.3m (up 361% from 2Q 2022). Profit margin: 14% (up from 2.7% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 19% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 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. 4 highly experienced directors. Independent Director Jinfeng Feng was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jun 27
Wangsu Science & Technology Co.,Ltd. Elects Wen Xueguo as Independent Directors Wangsu Science & Technology Co.,Ltd. in its 3rd Extraordinary General Meeting of 2023 on 21 June 2023 approved the Election and nomination of Wen Xueguo as independent directors. Duyuru • Jun 03
Wangsu Science & Technology Co.,Ltd. Announces 2022 Final Profit Distribution Plan to Be Implemented (A Shares), Payment Date: 09 June 2023 Wangsu Science & Technology Co.,Ltd. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.50000000, Record date: 08 June 2023 and Ex-date: 09 June 2023 and Payment date: 09 June 2023. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CN¥7.68, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 30x in the IT industry in China. Total loss to shareholders of 5.3% over the past three years. Major Estimate Revision • May 05
Consensus EPS estimates increase by 32%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥5.97b to CN¥5.63b. EPS estimate rose from CN¥0.12 to CN¥0.158. Net income forecast to grow 26% next year vs 35% growth forecast for IT industry in China. Consensus price target up from CN¥5.60 to CN¥6.08. Share price fell 2.4% to CN¥8.78 over the past week. Reported Earnings • Apr 22
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥0.08 (up from CN¥0.07 in FY 2021). Revenue: CN¥5.08b (up 11% from FY 2021). Net income: CN¥190.6m (up 15% from FY 2021). Profit margin: 3.7% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: CN¥0.036 (up from CN¥0.021 in 3Q 2021). Revenue: CN¥1.20b (flat on 3Q 2021). Net income: CN¥88.3m (up 77% from 3Q 2021). Profit margin: 7.3% (up from 4.2% in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 21
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: CN¥0.015 (down from CN¥0.02 in 2Q 2021). Revenue: CN¥1.30b (up 28% from 2Q 2021). Net income: CN¥35.4m (down 28% from 2Q 2021). Profit margin: 2.7% (down from 4.9% in 2Q 2021). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 2.8%, compared to a 24% growth forecast for the IT industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Duyuru • May 21
Wangsu Science & Technology Co.,Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on 27 May 2022 Wangsu Science & Technology Co.,Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.30000000 on A shares for the year 2021. Record date is 26 May 2022. Ex-date is 27 May 2022. Payment date is 27 May 2022. Duyuru • May 19
Wangsu Science & Technology Co.,Ltd. Approves Profit Distribution Plan for 2021 Wangsu Science & Technology Co.,Ltd. approved profit distribution plan for 2021 with cash dividend (tax included) of CNY 0.30000000 per 10 shares, at its Annual General Meeting of 2021 on 17 May 2022. Price Target Changed • May 01
Price target decreased to CN¥4.60 Down from CN¥4.96, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥4.80. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.092 for next year compared to CN¥0.07 last year. Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥5.22b to CN¥5.05b. EPS estimate also fell from CN¥0.12 per share to CN¥0.08 per share. Net income forecast to grow 21% next year vs 31% growth forecast for IT industry in China. Consensus price target down from CN¥4.96 to CN¥4.65. Share price fell 5.3% to CN¥4.80 over the past week. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.07 (down from CN¥0.09 in FY 2020). Revenue: CN¥4.58b (down 20% from FY 2020). Net income: CN¥165.2m (down 25% from FY 2020). Profit margin: 3.6% (down from 3.9% in FY 2020). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 10%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Duyuru • Apr 26
Wangsu Science & Technology Co.,Ltd. Proposes Final Dividend for 2021 Wangsu Science & Technology Co.,Ltd. announced on 25 April 2022 the profit distribution proposal for 2021 with cash dividend (tax included) of CNY 0.30000000 per 10 shares. Major Estimate Revision • Jan 04
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥5.38b to CN¥5.04b. EPS estimate also fell from CN¥0.13 per share to CN¥0.11 per share. Net income forecast to grow 100% next year vs 44% growth forecast for IT industry in China. Consensus price target down from CN¥5.41 to CN¥4.96. Share price rose 3.8% to CN¥6.85 over the past week. Major Estimate Revision • Dec 10
Consensus EPS estimates fall to CN¥0.13 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥5.56b to CN¥5.38b. EPS estimate also fell from CN¥0.14 to CN¥0.13. Net income forecast to grow 147% next year vs 50% growth forecast for IT industry in China. Consensus price target of CN¥5.41 unchanged from last update. Share price fell 3.0% to CN¥6.51 over the past week. Price Target Changed • Nov 03
Price target decreased to CN¥5.58 Down from CN¥6.04, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥5.54. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.12 for next year compared to CN¥0.09 last year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.02 (vs CN¥0.037 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.02b (down 32% from 2Q 2020). Net income: CN¥49.4m (down 45% from 2Q 2020). Profit margin: 4.9% (down from 6.0% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 04
Price target decreased to CN¥5.46 Down from CN¥6.04, the current price target is an average from 5 analysts. New target price is 14% below last closing price of CN¥6.32. Stock is down 31% over the past year. Major Estimate Revision • Jun 05
Consensus revenue estimates fall to CN¥5.54b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥6.33b to CN¥5.54b. EPS estimate fell from CN¥0.096 to CN¥0.091 per share. Net income forecast to grow 77% next year vs 48% growth forecast for IT industry in China. Consensus price target down from CN¥6.04 to CN¥5.72. Share price was steady at CN¥5.74 over the past week. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.017 (vs CN¥0.036 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.04b (down 34% from 1Q 2020). Net income: CN¥41.9m (down 52% from 1Q 2020). Profit margin: 4.0% (down from 5.6% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Duyuru • Apr 28
Wangsu Science & Technology Co.,Ltd. Approves Cash Dividend for the Year 2020 Wangsu Science & Technology Co.,Ltd. at its annual general meeting held on April 23, 2021, approved cash dividend per ten shares (tax included) of CNY 0.10000000 for the year 2020. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.014 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥5.69b (down 5.3% from FY 2019). Net income: CN¥220.0m (up CN¥185.5m from FY 2019). Profit margin: 3.9% (up from 0.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Duyuru • Feb 25
Wangsu Science & Technology Co.,Ltd. to Report Fiscal Year 2020 Results on Mar 31, 2021 Wangsu Science & Technology Co.,Ltd. announced that they will report fiscal year 2020 results on Mar 31, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥6.41 The company is down 20% from its price of CN¥7.99 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.03 per share. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥6.86 The company is down 23% from its price of CN¥8.90 on 17 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 IT industry, which is down 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.50 per share.