Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Director Suhua Tian was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 30
Hundsun Technologies Inc. to Report Q1, 2026 Results on Apr 30, 2026 Hundsun Technologies Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Mar 28
Hundsun Technologies Inc., Annual General Meeting, Apr 21, 2026 Hundsun Technologies Inc., Annual General Meeting, Apr 21, 2026, at 14:00 China Standard Time. Location: No. 1888, Binxing Road, Binjiang District, Hangzhou, Zhejiang China Duyuru • Dec 26
Hundsun Technologies Inc. to Report Fiscal Year 2025 Results on Mar 28, 2026 Hundsun Technologies Inc. announced that they will report fiscal year 2025 results on Mar 28, 2026 Duyuru • Sep 30
Hundsun Technologies Inc. to Report Q3, 2025 Results on Oct 31, 2025 Hundsun Technologies Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Duyuru • Jun 30
Hundsun Technologies Inc. to Report First Half, 2025 Results on Aug 23, 2025 Hundsun Technologies Inc. announced that they will report first half, 2025 results on Aug 23, 2025 Duyuru • Jun 24
Hundsun Technologies Inc.(SHSE:600570) dropped from Shanghai Stock Exchange 180 Value Index Hundsun Technologies Inc. has been removed form Shanghai Stock Exchange 180 Value Index. Duyuru • Apr 14
Hundsun Technologies Inc. (SHSE:600570) announces an Equity Buyback for CNY 40 million worth of its shares. Hundsun Technologies Inc. (SHSE:600570) announces a share repurchase program. Under the program, the company will repurchase up to CNY 40 million worth of its shares. The shares will be repurchased at a price of CNY 44.38 per share. All the repurchased shares will be cancelled in accordance with the law and the registered capital of the company will be reduced. The repurchase program is subject to share holder's approval. The program will be valid for a period of 6 months from shareholder's approval date. Duyuru • Mar 29
Hundsun Technologies Inc., Annual General Meeting, Apr 22, 2025 Hundsun Technologies Inc., Annual General Meeting, Apr 22, 2025, at 14:00 China Standard Time. Location: No. 1888, Binxing Road, Binjiang District, Hangzhou, Zhejiang China Duyuru • Mar 28
Hundsun Technologies Inc. to Report Q1, 2025 Results on Apr 29, 2025 Hundsun Technologies Inc. announced that they will report Q1, 2025 results on Apr 29, 2025 Duyuru • Dec 27
Hundsun Technologies Inc. to Report Fiscal Year 2024 Results on Mar 28, 2025 Hundsun Technologies Inc. announced that they will report fiscal year 2024 results on Mar 28, 2025 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥30.49, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 45x in the Software industry in China. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.94 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.23 (vs CN¥0.085 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.23 (up from CN¥0.085 in 3Q 2023). Revenue: CN¥1.35b (down 12% from 3Q 2023). Net income: CN¥415.6m (up 159% from 3Q 2023). Profit margin: 31% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥28.10, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 41x in the Software industry in China. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.93 per share. Duyuru • Oct 17
Hydsoft Technology Co.,Ltd. (SZSE:301316) agreed to acquire 51% stake in Jinrui Software Technology (Hangzhou) Co., Ltd. from Hundsun Technologies Inc. (SHSE:600570) for CNY 62.6 million. Hydsoft Technology Co.,Ltd. (SZSE:301316) agreed to acquire 51% stake in Jinrui Software Technology (Hangzhou) Co., Ltd. from Hundsun Technologies Inc. (SHSE:600570) for CNY 62.6 million on October 16, 2024. A cash consideration of CNY 62.6 million will be paid by Hydsoft Technology Co.,Ltd. As part of consideration, CNY 62.6 million is paid towards common equity of Jinrui Software Technology (Hangzhou) Co., Ltd. For the period ending December 31, 2023, Jinrui Software Technology (Hangzhou) Co., Ltd. reported net income of CNY 8.4 million. As of December 31, 2023, Jinrui Software Technology (Hangzhou) Co., Ltd. reported total assets of CNY 148.06 million and total common equity of CNY 127.56 million. Duyuru • Sep 30
Hundsun Technologies Inc. to Report Q3, 2024 Results on Oct 31, 2024 Hundsun Technologies Inc. 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 25% After last week's 25% share price gain to CN¥20.79, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 31x in the Software industry in China. Total loss to shareholders of 52% over the past three years. New Risk • Aug 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 14% Last year net profit margin: 24% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (14% net profit margin). Duyuru • Aug 22
Hundsun Technologies Inc. (SHSE:600570) Completed the acquisition of 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan. Hundsun Technologies Inc. (SHSE:600570) agreed to acquire 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan for CNY 180 million on July 22, 2024. A cash consideration valued at CNY 4.8 per share will be paid by Hundsun Technologies Inc.
Hundsun Technologies Inc. (SHSE:600570) Completed the acquisition of 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan on August 20, 2024. Duyuru • Jul 24
Hundsun Technologies to Buy 5% Stake in Shenzhen Ysstech Hundsun Technologies Inc. (SHSE:600570) said it plans to buy 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) for CNY 180.3 million ($24.79 million). Duyuru • Jul 23
Hundsun Technologies Inc. (SHSE:600570) agreed to acquire 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan for CNY 180 million. Hundsun Technologies Inc. (SHSE:600570) agreed to acquire 5% stake in Shenzhen Ysstech Info-Tech Co.,Ltd (SZSE:300377) from Tang Qiu, Yan Jianhong, Yan Jianbing, Huang Yi and Zhou Yunshan for CNY 180 million on July 22, 2024. A cash consideration valued at CNY 4.8 per share will be paid by Hundsun Technologies Inc. Duyuru • Jun 28
Hundsun Technologies Inc. to Report First Half, 2024 Results on Aug 24, 2024 Hundsun Technologies Inc. announced that they will report first half, 2024 results on Aug 24, 2024 Declared Dividend • Jun 06
Dividend of CN¥0.13 announced Shareholders will receive a dividend of CN¥0.13. Ex-date: 11th June 2024 Payment date: 11th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not covered by cash flows (181% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.12 profit in 1Q 2023) First quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.12 profit in 1Q 2023). Revenue: CN¥1.19b (up 5.1% from 1Q 2023). Net loss: CN¥36.1m (down 116% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Duyuru • Mar 29
Hundsun Technologies Inc. to Report Q1, 2024 Results on Apr 30, 2024 Hundsun Technologies Inc. announced that they will report Q1, 2024 results on Apr 30, 2024 Duyuru • Mar 25
Hundsun Technologies Inc., Annual General Meeting, Apr 15, 2024 Hundsun Technologies Inc., Annual General Meeting, Apr 15, 2024, at 14:00 China Standard Time. Location: No. 1888, Binxing Road, Binjiang District, Hangzhou, Zhejiang China Reported Earnings • Mar 25
Full year 2023 earnings released: EPS: CN¥0.75 (vs CN¥0.57 in FY 2022) Full year 2023 results: EPS: CN¥0.75 (up from CN¥0.57 in FY 2022). Revenue: CN¥7.28b (up 12% from FY 2022). Net income: CN¥1.42b (up 31% from FY 2022). Profit margin: 20% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software 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. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥20.05, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Software industry in China. Total loss to shareholders of 63% over the past three years. Duyuru • Dec 29
Hundsun Technologies Inc. to Report Fiscal Year 2023 Results on Mar 25, 2024 Hundsun Technologies Inc. announced that they will report fiscal year 2023 results on Mar 25, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released Third quarter 2023 results: EPS: CN¥0.085. Revenue: CN¥1.54b (up 14% from 3Q 2022). Net income: CN¥160.4m (up 50% from 3Q 2022). Profit margin: 10% (up from 7.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Duyuru • Sep 30
Hundsun Technologies Inc. to Report Q3, 2023 Results on Oct 28, 2023 Hundsun Technologies Inc. announced that they will report Q3, 2023 results at 3:00 PM, China Standard Time on Oct 28, 2023 Duyuru • Sep 19
Hundsun Technologies Inc. (SHSE:600570) announces an Equity Buyback for CNY 150 million worth of its shares. Hundsun Technologies Inc. (SHSE:600570) announces a share repurchase program. Under the program, the company will repurchase up to CNY 150 million worth of its shares. The program will be valid for a period of 6 months. New Risk • Aug 28
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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 26
Second quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.027 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.027 loss in 2Q 2022). Revenue: CN¥1.70b (up 20% from 2Q 2022). Net income: CN¥224.3m (up CN¥278.8m from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buying Opportunity • Jul 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be CN¥45.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥37.22, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 45x in the Software industry in China. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥45.75 per share. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥50.81, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 50x in the Software industry in China. Total loss to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥24.18 per share. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.023 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.023 loss in 1Q 2022). Revenue: CN¥1.13b (up 16% from 1Q 2022). Net income: CN¥222.1m (up CN¥263.4m from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Director Xiaolun Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥1.35b (up 26% from 3Q 2021). Net income: CN¥107.3m (up CN¥138.5m from 3Q 2021). Profit margin: 7.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.027 loss per share (vs CN¥0.28 profit in 2Q 2021) Second quarter 2022 results: CN¥0.027 loss per share (down from CN¥0.28 profit in 2Q 2021). Revenue: CN¥1.41b (up 8.6% from 2Q 2021). Net loss: CN¥54.5m (down 110% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 31%, compared to a 33% growth forecast for the Software industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Apr 29
First quarter 2022 earnings released: CN¥0.03 loss per share (vs CN¥0.11 profit in 1Q 2021) First quarter 2022 results: CN¥0.03 loss per share (down from CN¥0.11 profit in 1Q 2021). Revenue: CN¥973.4m (up 30% from 1Q 2021). Net loss: CN¥41.3m (down 125% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 28%, compared to a 33% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (7 non-independent directors). Independent Director Xiaolun Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CN¥1.01 (vs CN¥0.90 in FY 2020) Full year 2021 results: EPS: CN¥1.01 (up from CN¥0.90 in FY 2020). Revenue: CN¥5.50b (up 32% from FY 2020). Net income: CN¥1.46b (up 11% from FY 2020). Profit margin: 27% (down from 32% in FY 2020). Over the next year, revenue is forecast to grow 26%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Third quarter 2021 earnings released: CN¥0.021 loss per share (vs CN¥0.057 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.07b (up 49% from 3Q 2020). Net loss: CN¥31.3m (down 138% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥58.52, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 33x in the Software industry in China. Total returns to shareholders of 160% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.11 per share. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥53.20, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 34x in the Software industry in China. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥25.45 per share. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥1.27 (vs CN¥1.36 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: CN¥4.17b (up 7.8% from FY 2019). Net income: CN¥1.32b (down 6.6% from FY 2019). Profit margin: 32% (down from 37% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 35% per year. Is New 90 Day High Low • Feb 28
New 90-day low: CN¥87.40 The company is down 1.0% from its price of CN¥88.43 on 30 November 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.33 per share. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥106 The company is up 8.0% from its price of CN¥98.59 on 30 September 2020. The Chinese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Software industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.09 per share. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥85.48 The company is down 21% from its price of CN¥109 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.79 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.04b, down 5.0% from the prior year. Total revenue was CN¥3.91b over the last 12 months, up 8.7% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 30% at CN¥718.6m. Revenue is forecast to grow 35% over the next year, compared to a 42% growth forecast for the Software industry in China. Duyuru • Oct 27
Hundsun Technologies Inc. to Report Q3, 2020 Results on Oct 30, 2020 Hundsun Technologies Inc. announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 26
New 90-day low: CN¥90.95 The company is down 15% from its price of CN¥107 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥9.91 per share. Duyuru • Jul 10
Hundsun Technologies Inc. to Report First Half, 2020 Results on Aug 27, 2020 Hundsun Technologies Inc. announced that they will report first half, 2020 results on Aug 27, 2020