Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.19 (vs CN¥0.28 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.19 (down from CN¥0.28 in 1Q 2025). Revenue: CN¥866.9m (up 24% from 1Q 2025). Net income: CN¥106.7m (down 32% from 1Q 2025). Profit margin: 12% (down from 22% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • Mar 31
XGD Inc. to Report Q1, 2026 Results on Apr 29, 2026 XGD Inc. announced that they will report Q1, 2026 results on Apr 29, 2026 Reported Earnings • Mar 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: CN¥0.83 (up from CN¥0.42 in FY 2024). Revenue: CN¥3.18b (up 1.0% from FY 2024). Net income: CN¥468.8m (up 100% from FY 2024). Profit margin: 15% (up from 7.4% in FY 2024). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Duyuru • Dec 31
XGD Inc. to Report Fiscal Year 2025 Results on Mar 28, 2026 XGD Inc. announced that they will report fiscal year 2025 results on Mar 28, 2026 Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: CN¥0.23 (vs CN¥0.26 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.23 (up from CN¥0.26 loss in 3Q 2024). Revenue: CN¥816.3m (down 5.9% from 3Q 2024). Net income: CN¥132.1m (up CN¥283.5m from 3Q 2024). Profit margin: 16% (up from net loss in 3Q 2024). Revenue is forecast to grow 13% 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 increased by 3% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 30
XGD Inc. to Report Q3, 2025 Results on Oct 28, 2025 XGD Inc. announced that they will report Q3, 2025 results on Oct 28, 2025 Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: CN¥0.21 (vs CN¥0.41 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.21 (down from CN¥0.41 in 2Q 2024). Revenue: CN¥825.8m (up 3.9% from 2Q 2024). Net income: CN¥119.1m (down 48% from 2Q 2024). Profit margin: 14% (down from 29% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jul 02
XGD Inc. to Report First Half, 2025 Results on Aug 27, 2025 XGD Inc. announced that they will report first half, 2025 results on Aug 27, 2025 Declared Dividend • Jun 23
Dividend of CN¥0.20 announced Shareholders will receive a dividend of CN¥0.20. Ex-date: 26th June 2025 Payment date: 26th June 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (132% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 46% to bring the payout ratio under control. EPS is expected to grow by 173% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • Jun 20
XGD Inc. Approves Cash Dividend for the Year 2024, Payable on 26 June 2025 XGD Inc. held its Annual General Meeting of 2024 on 17 June 2025, during which the following proposal(s) was/were approved: 2024 profit distribution plan and 2025 interim profit distribution plan: Cash dividend/10 shares (tax included): CNY 2.00000000. Record date: 25 June 2025 with Ex-date: 26 June 2025. Payment date: 26 June 2025. Duyuru • May 27
XGD Inc., Annual General Meeting, Jun 17, 2025 XGD Inc., Annual General Meeting, Jun 17, 2025, at 14:30 China Standard Time. Location: 2F, No. 20, Keji South 12th Road, Nanshan District, Shenzhen, Guangdong China Major Estimate Revision • Apr 11
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥3.86b to CN¥3.34b. EPS estimate fell from CN¥1.56 to CN¥1.23 per share. Net income forecast to grow 197% next year vs 48% growth forecast for Electronic industry in China. Consensus price target down from CN¥34.51 to CN¥23.31. Share price was steady at CN¥21.18 over the past week. New Risk • Apr 07
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: Minor Risks Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥16.62, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.70 per share. Duyuru • Apr 01
Xgd Inc. Proposes Final Cash Dividend for the Year 2024 On March 31, 2025, XGD Inc. proposed final cash dividend for the year 2024 as follows: Cash dividend/10 shares (tax included): CNY 2.00000000. Duyuru • Mar 31
XGD Inc. to Report Q1, 2025 Results on Apr 24, 2025 XGD Inc. announced that they will report Q1, 2025 results on Apr 24, 2025 New Risk • Mar 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% 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 Dividend is not well covered by earnings (96% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.4% net profit margin). Reported Earnings • Mar 30
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.42 (down from CN¥1.44 in FY 2023). Revenue: CN¥3.15b (down 17% from FY 2023). Net income: CN¥234.2m (down 69% from FY 2023). Profit margin: 7.4% (down from 20% in FY 2023). Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 40%. Revenue is forecast to grow 16% 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 36% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 31
XGD Inc. to Report Fiscal Year 2024 Results on Mar 29, 2025 XGD Inc. announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 28
Third quarter 2024 earnings released: CN¥0.26 loss per share (vs CN¥0.41 profit in 3Q 2023) Third quarter 2024 results: CN¥0.26 loss per share (down from CN¥0.41 profit in 3Q 2023). Revenue: CN¥867.7m (down 7.2% from 3Q 2023). Net loss: CN¥151.5m (down 169% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 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 54% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥30.67, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 259% over the past three years. Duyuru • Sep 30
XGD Inc. to Report Q3, 2024 Results on Oct 26, 2024 XGD Inc. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥17.75, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 108% over the past three years. Price Target Changed • Sep 17
Price target decreased by 52% to CN¥20.79 Down from CN¥43.25, the current price target is provided by 1 analyst. New target price is 39% above last closing price of CN¥14.97. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥1.41 for next year compared to CN¥1.44 last year. Major Estimate Revision • Sep 17
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.30b to CN¥3.99b. EPS estimate also fell from CN¥1.66 per share to CN¥1.41 per share. Net income forecast to grow 6.3% next year vs 52% growth forecast for Electronic industry in China. Consensus price target down from CN¥43.25 to CN¥20.79. Share price fell 5.7% to CN¥14.97 over the past week. New Risk • Sep 05
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 7.0% 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: 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 (7.0% average weekly change). Shareholders have been diluted in the past year (8.3% increase in shares outstanding). Duyuru • Aug 20
XGD Inc. Proposes Interim Dividend for the First Half of 2024 XGD Inc. proposed interim cash dividend of CNY 2.00000000 per 10 shares (tax included) for the first half of 2024. Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: CN¥0.41 (vs CN¥0.39 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.41 (up from CN¥0.39 in 2Q 2023). Revenue: CN¥794.6m (down 16% from 2Q 2023). Net income: CN¥228.0m (up 14% from 2Q 2023). Profit margin: 29% (up from 21% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 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 67% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
XGD Inc. to Report First Half, 2024 Results on Aug 23, 2024 XGD Inc. announced that they will report first half, 2024 results on Aug 23, 2024 Duyuru • Jun 10
Xgd Inc. Announces Dividend Implementation for 2023, Payable on 17 June 2024 XGD Inc. announced 2023 profit distribution plan: cash dividend/10 shares (tax included) of CNY 6.70000000. Record date: 14 June 2024; Ex-date: 17 June 2024; Payment date: 17 June 2024. Duyuru • Jun 08
XGD Inc. Approves Cash Dividend for the Year 2023 XGD Inc. announced that at its AGM held on 5 June 2024, the shareholders approved 2023 profit distribution plan: cash dividend/10 shares (tax included) of CNY 6.70000000. Duyuru • May 17
XGD Inc., Annual General Meeting, Jun 05, 2024 XGD Inc., Annual General Meeting, Jun 05, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Shenzhen, Guangdong China Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: CN¥0.40 (vs CN¥0.26 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.40 (up from CN¥0.26 in 1Q 2023). Revenue: CN¥782.7m (down 23% from 1Q 2023). Net income: CN¥220.8m (up 66% from 1Q 2023). Profit margin: 28% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in China. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 11
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥5.70b to CN¥4.39b. EPS estimate fell from CN¥1.77 to CN¥1.75 per share. Net income forecast to grow 28% next year vs 55% growth forecast for Electronic industry in China. Consensus price target down from CN¥45.25 to CN¥43.25. Share price was steady at CN¥20.42 over the past week. Duyuru • Mar 30
XGD Inc. to Report Q1, 2024 Results on Apr 24, 2024 XGD Inc. announced that they will report Q1, 2024 results on Apr 24, 2024 Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥21.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Electronic industry in China. Total returns to shareholders of 146% over the past three years. Price Target Changed • Jan 25
Price target increased by 19% to CN¥45.25 Up from CN¥38.10, the current price target is provided by 1 analyst. New target price is 122% above last closing price of CN¥20.39. Stock is up 54% over the past year. The company is forecast to post earnings per share of CN¥1.41 for next year compared to CN¥0.09 last year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥18.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Electronic industry in China. Total returns to shareholders of 80% over the past three years. Duyuru • Dec 30
XGD Inc. to Report Fiscal Year 2023 Results on Mar 28, 2024 XGD Inc. announced that they will report fiscal year 2023 results on Mar 28, 2024 Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥25.98, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Electronic industry in China. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥24.65, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Electronic industry in China. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥27.78 per share. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 8.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.3% per year over the past 5 years. 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 (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.4% net profit margin). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Buying Opportunity • Sep 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be CN¥27.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 75% in 2 years. Earnings is forecast to grow by 462% in the next 2 years. Major Estimate Revision • Jul 25
Consensus EPS estimates increase by 17%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥5.54b to CN¥5.41b. EPS estimate rose from CN¥1.13 to CN¥1.32. Net income forecast to grow 747% next year vs 58% growth forecast for Electronic industry in China. Consensus price target of CN¥38.10 unchanged from last update. Share price rose 4.5% to CN¥25.94 over the past week. Duyuru • Jul 01
XGD Inc. to Report First Half, 2023 Results on Aug 15, 2023 XGD Inc. announced that they will report first half, 2023 results on Aug 15, 2023 Major Estimate Revision • Jun 17
Consensus EPS estimates increase by 18%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from CN¥5.62b to CN¥5.56b. EPS estimate rose from CN¥0.995 to CN¥1.17. Net income forecast to grow 650% next year vs 58% growth forecast for Electronic industry in China. Consensus price target up from CN¥25.25 to CN¥38.10. Share price rose 12% to CN¥29.10 over the past week. Price Target Changed • Jun 16
Price target increased by 54% to CN¥38.10 Up from CN¥24.80, the current price target is provided by 1 analyst. New target price is 31% above last closing price of CN¥29.10. Stock is up 99% over the past year. The company is forecast to post earnings per share of CN¥0.99 for next year compared to CN¥0.09 last year. Board Change • Jun 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. 3 highly experienced directors. Chairman of the Supervisory Board Linjie Li 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 • May 30
XGD Inc. Implements Final Profit Distribution Plan of A Shares for 2022,Payable on 02 June 2023 XGD Inc. announced 2022 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 2.30000000. Record date: 01 June 2023, Ex-date: 02 June 2023, Payment date: 02 June 2023. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥15.50, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Electronic industry in China. Total returns to shareholders of 7.5% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥19.09, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 32% over the past three years. Reported Earnings • Mar 14
Full year 2022 earnings released: EPS: CN¥0.60 (vs CN¥0.41 in FY 2021) Full year 2022 results: EPS: CN¥0.60 (up from CN¥0.41 in FY 2021). Revenue: CN¥4.37b (up 21% from FY 2021). Net income: CN¥296.6m (up 48% from FY 2021). Profit margin: 6.8% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.20, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 39x in the Electronic industry in China. Total returns to shareholders of 8.0% over the past three years. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.22 (up from CN¥0.13 in 3Q 2021). Revenue: CN¥1.17b (up 21% from 3Q 2021). Net income: CN¥111.6m (up 78% from 3Q 2021). Profit margin: 9.6% (up from 6.5% in 3Q 2021). 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 20% growth forecast for the Electronic 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 8% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥12.75, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Electronic industry in China. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: CN¥0.21 (vs CN¥0.081 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.21 (up from CN¥0.081 in 2Q 2021). Revenue: CN¥1.11b (up 22% from 2Q 2021). Net income: CN¥103.4m (up 158% from 2Q 2021). Profit margin: 9.3% (up from 4.4% in 2Q 2021). Over the next year, revenue is forecast to grow 35%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Jul 31
High number of new directors Chairman of the Supervisory Board Linjie Li was the last director to join the board, commencing their role in 2020. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥12.26, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥12.48, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Electronic industry in China. Total loss to shareholders of 23% over the past three years. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.19 (up from CN¥0.11 in 1Q 2021). Revenue: CN¥1.02b (up 44% from 1Q 2021). Net income: CN¥91.2m (up 72% from 1Q 2021). Profit margin: 9.0% (up from 7.5% in 1Q 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 33%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥16.02, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Electronic industry in China. Total loss to shareholders of 2.2% over the past three years. Duyuru • Apr 02
XGD Inc., Annual General Meeting, Apr 19, 2022 XGD Inc., Annual General Meeting, Apr 19, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider 2021 annual accounts; to consider 2022 reappointment of audit firm; to consider confirmation of 2021 remuneration for directors and supervisors; to consider 2022 application for comprehensive credit line by the Company and subsidiaries and provision of guarantee; to consider change of the purpose of repurchased shares and cancellation; to consider 2022 stock option incentive plan (draft) and its summary; to consider appraisal measures for the implementation of the 2022 stock option incentive plan; and to consider authorization to the board to handle matters regarding 2022 stock option incentive plan. Reported Earnings • Apr 01
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.41 (up from CN¥0.18 in FY 2020). Revenue: CN¥3.61b (up 37% from FY 2020). Net income: CN¥200.7m (up 132% from FY 2020). Profit margin: 5.6% (up from 3.3% in FY 2020). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 24% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥12.03, the stock trades at a trailing P/E ratio of 78.4x. Average trailing P/E is 42x in the Electronic industry in China. Total returns to shareholders of 3.3% over the past three years. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.09 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥963.9m (up 52% from 3Q 2020). Net income: CN¥62.6m (up 48% from 3Q 2020). Profit margin: 6.5% (down from 6.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.081 (vs CN¥0.17 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥905.8m (up 29% from 2Q 2020). Net income: CN¥40.1m (down 51% from 2Q 2020). Profit margin: 4.4% (down from 12% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 05
Upcoming dividend of CN¥0.25 per share Eligible shareholders must have bought the stock before 11 May 2021. Payment date: 11 May 2021. Trailing yield: 2.1%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (0.9%). Duyuru • May 02
XGD Inc. Announces Final Cash Dividend on A Shares for the Year 2020, Payable on May 11, 2021 XGD Inc. announced final cash dividend on A shares per ten shares (tax included) of CNY 2.50000000 for the year 2020, Payable on May 11, 2021. Record date is May 10, 2021. Ex-date is May 11, 2021. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.09 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥705.1m (up 42% from 1Q 2020). Net income: CN¥53.0m (up 21% from 1Q 2020). Profit margin: 7.5% (down from 8.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Apr 07
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.51 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.63b (down 13% from FY 2019). Net income: CN¥86.5m (down 64% from FY 2019). Profit margin: 3.3% (down from 8.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Feb 24
XGD Inc. to Report Fiscal Year 2020 Results on Apr 07, 2021 XGD Inc. announced that they will report fiscal year 2020 results on Apr 07, 2021 Is New 90 Day High Low • Jan 26
New 90-day low: CN¥9.99 The company is down 31% from its price of CN¥14.38 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥10.43 The company is down 29% from its price of CN¥14.75 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥11.87 The company is down 25% from its price of CN¥15.81 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 Electronic industry, which is up 1.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥12.94 The company is down 17% from its price of CN¥15.55 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 3.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥13.45 The company is down 5.0% from its price of CN¥14.14 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 1.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥105.1m, down 76% from the prior year. Total revenue was CN¥2.46b over the last 12 months, down 23% from the prior year. Duyuru • Oct 20
XGD Inc. to Report Q3, 2020 Results on Oct 28, 2020 XGD Inc. announced that they will report Q3, 2020 results on Oct 28, 2020 Duyuru • Aug 13
XGD Inc. to Report First Half, 2020 Results on Aug 28, 2020 XGD Inc. announced that they will report first half, 2020 results on Aug 28, 2020