Duyuru • Jul 10
Rigol Technologies Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.140405 billion. Rigol Technologies Co., Ltd. has completed a Follow-on Equity Offering in the amount of HKD 1.140405 billion.
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 2,480,300
Price\Range: HKD 45.98
Discount Per Security: HKD 1.8392
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 11,876,800
Price\Range: HKD 45.98
Discount Per Security: HKD 1.8392
Security Name: H Shares
Security Type: Common Stock
Securities Offered: 10,445,100
Price\Range: HKD 45.98
Discount Per Security: HKD 1.8392
Transaction Features: New Market Listing; Regulation S; Sponsor Backed Offering Duyuru • Jun 30
Rigol Technologies Co., Ltd. to Report First Half, 2026 Results on Aug 26, 2026 Rigol Technologies Co., Ltd. announced that they will report first half, 2026 results on Aug 26, 2026 Duyuru • May 07
Rigol Technologies Co., Ltd., Annual General Meeting, May 27, 2026 Rigol Technologies Co., Ltd., Annual General Meeting, May 27, 2026, at 13:00 China Standard Time. Location: No. 8, Keling Road, Suzhou National Hi-tech District, Jiangsu China Reported Earnings • Apr 21
First quarter 2026 earnings released: EPS: CN¥0.12 (vs CN¥0.02 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.12 (up from CN¥0.02 in 1Q 2025). Revenue: CN¥231.6m (up 38% from 1Q 2025). Net income: CN¥23.2m (up CN¥19.4m from 1Q 2025). Profit margin: 10.0% (up from 2.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Apr 08
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 9.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Duyuru • Mar 30
Rigol Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 21, 2026 Rigol Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 21, 2026 Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.49 in FY 2024) Full year 2025 results: EPS: CN¥0.44 (down from CN¥0.49 in FY 2024). Revenue: CN¥900.2m (up 16% from FY 2024). Net income: CN¥85.2m (down 7.7% from FY 2024). Profit margin: 9.5% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Board Change • Jan 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. 8 experienced directors. No highly experienced directors. Independent Director Liu Jun was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Dec 26
Rigol Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Mar 26, 2026 Rigol Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Mar 26, 2026 New Risk • Oct 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 7.5% 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: 106% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.7% net profit margin). Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.14 (vs CN¥0.29 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.14 (down from CN¥0.29 in 3Q 2024). Revenue: CN¥242.4m (up 6.4% from 3Q 2024). Net income: CN¥24.4m (down 53% from 3Q 2024). Profit margin: 10% (down from 23% in 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Duyuru • Sep 30
Rigol Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Rigol Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Duyuru • Jun 30
Rigol Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Rigol Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Price Target Changed • Jun 26
Price target increased by 19% to CN¥47.48 Up from CN¥39.97, the current price target is provided by 1 analyst. New target price is 35% above last closing price of CN¥35.16. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥0.49 last year. Duyuru • Jun 04
Rigol Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025 Rigol Technologies Co., Ltd., Annual General Meeting, Jun 25, 2025, at 13:00 China Standard Time. Location: No. 8, Keling Road, National Hi-tech District, Suzhou, Jiangsu China Duyuru • May 08
Rigol Technologies Co., Ltd. (SHSE:688337) announces an Equity Buyback for CNY 50 million worth of its shares. Rigol Technologies Co., Ltd. (SHSE:688337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its A shares. The repurchase price will not be more than CNY 56.79 per share. The repurchased shares will be used for equity incentive plans. The program is valid for 12 months. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.03 in 1Q 2024). Revenue: CN¥167.8m (up 11% from 1Q 2024). Net income: CN¥3.78m (down 40% from 1Q 2024). Profit margin: 2.3% (down from 4.2% in 1Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 05
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CN¥0.875 to CN¥0.73 per share. Revenue forecast steady at CN¥950.0m. Net income forecast to grow 59% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥47.48 to CN¥39.97. Share price fell 2.0% to CN¥33.06 over the past week. Duyuru • Mar 28
Rigol Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Rigol Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 02
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.47 (down from CN¥0.60 in FY 2023). Revenue: CN¥775.8m (up 16% from FY 2023). Net income: CN¥88.9m (down 18% from FY 2023). Profit margin: 12% (down from 16% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Duyuru • Dec 27
Rigol Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 01, 2025 Rigol Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 01, 2025 Buy Or Sell Opportunity • Dec 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 80% to CN¥46.64. The fair value is estimated to be CN¥38.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 51% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Buy Or Sell Opportunity • Nov 11
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 87% to CN¥48.50. The fair value is estimated to be CN¥38.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 56% in 2 years. Earnings are forecast to grow by 126% in the next 2 years. Duyuru • Nov 05
RIGOL Introduces Oscilloscope & Generator Lines In a parallel to the traditional test setup of signal generation and signal acquisition, RIGOL Technologies announced the latest additions to its portfolio of performance measurement equipment with the introduction of the DG5000 Pro Series Generators and DHO/MHO5000 Series Oscilloscopes. The DHO/MHO5000 Series bring next-level performance to RIGOL's respected line of high-resolution oscilloscopes, while the DG5000 Pro generators do the same for the company's capable Pro Series arbitrary waveform generators. Combining 12-bit resolution with up to 1 GHz bandwidth, up to 8 channels, and mixed-signal configurations, the DHO/MHO5000 Series High-Resolution Oscilloscopes have a lot to offer designers, engineers, researchers, and educators alike. The DHO5000 Series models are dedicated digital oscilloscopes, with configurations offering 4 or 8 analog input channels and either 500 MHz or 1 GHz bandwidth. These instruments deliver 4 GSa/s maximum real-time sampling, with the 4-channel units providing that rate across all channels. For mixed-signal measurement applications, the MHO5000 Series models combine 4 or 6 analog input channels with 16 digital channels and similar bandwidth choices as the DHO5000 models. For additional utility, an integrated function generator is an available option for the 4-channel MHO5000 models. All 5000 Series oscilloscopes provide 12-bit resolution and 500 Mpts record length. A 10.1-inch color touch screen provides both user-friendly operation and improved signal visualization. The DHO/MHO5000 Series High-Resolution Oscilloscopes deliver the performance required for accurate testing of complex waveforms and support the measurement needs in a wide variety of applications, ranging from embedded systems debug and power supply test to three-phase motor test and multichannel data acquisition. DG5000 Pro – Higher Resolution. Higher Performance. Lower Price: Offering 16-bit vertical resolution, up to 500 MHz maximum output frequency, 2.5 GSa/s maximum sample rate and a blazingly fast 0.8 ns (800 ps) square wave rise time, the DG5000 Pro is primed to support the high-frequency waveform and complex sequence generation needs of engineers and researchers. The DG5000 Pro Series, in addition to the impressive banner specifications above, delivers a maximum arbitrary waveform length of 128 Mpts/channel (64 Mpts/channel is standard), and sports 10.1- inch color touch screen. The new generator also provides incredible utility by supporting multi-pulse output, a variety of analog and digital modulation types, and IQ digital modulation. Sequence Mode, introduced with the DG800/900 Pro generators, is an option and enables the playback of intricate pattern segments, with looping of up to 512 cycles. Sequence Mode also enables complex functions like repeat, wait, event, and jump. To address waveform generation risks—interference from ground loops, damage to sensitive electronic equipment due to potential differences, and signal impurity due to parasitic effects—found in some complex test environments, the DG5000 Pro includes ground isolation (requires battery holder option). The new DG5000 Pro Series Arbitrary Waveform Generators bring performance and value to applications including embedded circuit development, power device performance verification, automotive electronic design signal simulation, consumer electronic sensor signal simulation, logic chip development and optoelectronic device research. The DHO/MHO5000 Series High-Resolution Oscilloscopes and DG5000 Pro Series Arbitrary Waveform Generators are available to order now and begin shipping this month. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥842.7m to CN¥788.0m. EPS estimate also fell from CN¥0.707 per share to CN¥0.585 per share. Net income forecast to grow 62% next year vs 54% growth forecast for Electronic industry in China. Consensus price target up from CN¥31.12 to CN¥47.48. Share price rose 21% to CN¥43.59 over the past week. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.29 (vs CN¥0.12 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.29 (up from CN¥0.12 in 3Q 2023). Revenue: CN¥227.8m (up 41% from 3Q 2023). Net income: CN¥52.5m (up 138% from 3Q 2023). Profit margin: 23% (up from 14% in 3Q 2023). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Buy Or Sell Opportunity • Oct 15
Now 21% undervalued Over the last 90 days, the stock has risen 21% to CN¥30.59. The fair value is estimated to be CN¥38.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Meanwhile, the company has become profitable. Revenue is forecast to grow by 90% in 2 years. Earnings are forecast to grow by 221% in the next 2 years. 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 8.2% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 135% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (6.9% increase in shares outstanding). Duyuru • Sep 30
Rigol Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Rigol Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 New Risk • Sep 11
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: 10% Last year net profit margin: 16% 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: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Paying a dividend despite having no free cash flows. High level of non-cash earnings (21% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (10% net profit margin). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Duyuru • Aug 21
Rigol Technologies Co., Ltd. (SHSE:688337) completed the acquisition of 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders. Rigol Technologies Co., Ltd. (SHSE:688337) agreed to acquire 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders for approximately CNY 250 million on January 8, 2024. Prior to the transaction, Rigol Technologies Co., Ltd. (SHSE:688337) held 32.2581%. Under the terms, Rigol Technologies is acquiring 67.74% stake in Beijing Naishu Technology for CNY 252 million by issuing 6,999,997 shares to Wu Qiongzhi, Sun Lin, Sun Ningxiao, Jin Zhaojian, Xu Jialin, Liu Jie and Xing Tonghe. Zhou Yanming, Wang Sheng and Zhang Wenjie of Guotai Junan Securities Co., Ltd. (SHSE:601211) acted as the financial advisor, Feng Cheng and Wang Fei of Jun He Law Offices acted as the legal advisor and Wang Qilin and Jia Shunhao of Zhonghua Certified Public Accountants LLP acted as the accountant for Rigol Technologies Co., Ltd. (SHSE:688337). The listed company has held the 2023 annual general meeting of shareholders on April 23, 2024 to review and approve the transaction plan. The transaction was approved by the Shanghai Stock Exchange and registered with the China Securities Regulatory Commission. As of Announcement on July 12, 2024, Rigol Technologies Co., Ltd. will issue 7.1 shares at a price of CNY 35.5 per share.
Rigol Technologies Co., Ltd. (SHSE:688337) completed the acquisition of 67.74% stake in Beijing Naishu Technology Co., Ltd. from a group of shareholders on August 20, 2024. New Risk • Jul 23
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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Paying a dividend despite having no free cash flows. High level of non-cash earnings (30% accrual ratio). 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 (3.1% increase in shares outstanding). Duyuru • Jun 28
Rigol Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Rigol Technologies 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¥0.03 (vs CN¥0.13 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.03 (down from CN¥0.13 in 1Q 2023). Revenue: CN¥151.0m (down 3.5% from 1Q 2023). Net income: CN¥6.31m (down 73% from 1Q 2023). Profit margin: 4.2% (down from 15% in 1Q 2023). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥27.22, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electronic industry in China. Total loss to shareholders of 59% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.05 per share. Duyuru • Apr 03
Rigol Technologies Co., Ltd., Annual General Meeting, Apr 23, 2024 Rigol Technologies Co., Ltd., Annual General Meeting, Apr 23, 2024, at 13:00 China Standard Time. Location: The Company's Meeting Room, Suzhou, Jiangsu China Duyuru • Mar 29
Rigol Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Rigol Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Major Estimate Revision • Mar 22
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.07b to CN¥888.5m. EPS estimate fell from CN¥1.13 to CN¥0.85 per share. Net income forecast to grow 45% next year vs 55% growth forecast for Electronic industry in China. Consensus price target down from CN¥68.63 to CN¥47.48. Share price fell 5.7% to CN¥36.73 over the past week. Reported Earnings • Feb 27
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥0.60 (up from CN¥0.56 in FY 2022). Revenue: CN¥670.5m (up 6.3% from FY 2022). Net income: CN¥108.3m (up 17% from FY 2022). Profit margin: 16% (up from 15% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Electronic industry in China. Duyuru • Feb 07
Rigol Technologies Co., Ltd. (SHSE:688337) announces an Equity Buyback for CNY 50 million worth of its shares. Rigol Technologies Co., Ltd. (SHSE:688337) announces a share repurchase program. Under the program, the company will repurchase up to CNY 50 million worth of its shares. The repurchase price will not be more than CNY 58 per share. The repurchases will be funded using company’s own funds. The repurchased shares will be used for equity incentive plans. The program is valid for 12 months. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥31.10, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the Electronic industry in China. Total loss to shareholders of 58% over the past year. Board Change • Jan 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Liu Jun was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% 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 Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.12 (vs CN¥0.12 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.12 (up from CN¥0.12 in 3Q 2022). Revenue: CN¥161.8m (up 5.8% from 3Q 2022). Net income: CN¥22.0m (up 2.0% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in China. New Risk • Oct 11
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 6.0% 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 (35% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥42.21, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 30% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥74.61 per share. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.14 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2022). Revenue: CN¥154.5m (up 6.7% from 2Q 2022). Net income: CN¥22.9m (down 5.7% from 2Q 2022). Profit margin: 15% (down from 17% in 2Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Buying Opportunity • Aug 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.8%. The fair value is estimated to be CN¥65.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last year. Earnings per share has grown by 603%. Revenue is forecast to grow by 92% in 2 years. Earnings is forecast to grow by 162% in the next 2 years. Duyuru • Jun 28
Rigol Technologies Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Rigol Technologies Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Reported Earnings • Mar 31
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥0.83 (up from CN¥0.04 loss in FY 2021). Revenue: CN¥630.6m (up 30% from FY 2021). Net income: CN¥92.5m (up CN¥96.4m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.83 (vs CN¥0.04 loss in FY 2021) Full year 2022 results: EPS: CN¥0.83 (up from CN¥0.04 loss in FY 2021). Revenue: CN¥630.6m (up 30% from FY 2021). Net income: CN¥92.5m (up CN¥96.4m from FY 2021). Profit margin: 15% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.17 (up from CN¥0.08 in 3Q 2021). Revenue: CN¥152.9m (up 13% from 3Q 2021). Net income: CN¥21.6m (up 162% from 3Q 2021). Profit margin: 14% (up from 6.1% in 3Q 2021). Revenue is forecast to grow 36% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Reported Earnings • Aug 08
Second quarter 2022 earnings released Second quarter 2022 results: EPS: CN¥0.20. Revenue: CN¥144.8m (flat on 2Q 2021). Net income: CN¥24.3m (up CN¥24.3m from 2Q 2021). Profit margin: 17% (up from null in 2Q 2021). Over the next year, revenue is forecast to grow 40%, compared to a 26% growth forecast for the industry in China. Reported Earnings • Apr 27
First quarter 2022 earnings released First quarter 2022 results: EPS: CN¥0.05. Revenue: CN¥116.7m (flat on 1Q 2021). Net income: CN¥4.28m (up CN¥4.28m from 1Q 2021). Profit margin: 3.7% (up from null in 1Q 2021).