Duyuru • Jun 30
XDC Industries (Shenzhen) Limited to Report First Half, 2026 Results on Aug 25, 2026 XDC Industries (Shenzhen) Limited announced that they will report first half, 2026 results on Aug 25, 2026 New Risk • May 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 24% per year over the past 5 years. Duyuru • Mar 31
XDC Industries (Shenzhen) Limited to Report Q1, 2026 Results on Apr 24, 2026 XDC Industries (Shenzhen) Limited announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 31
Full year 2025 earnings released: CN¥0.04 loss per share (vs CN¥0.10 loss in FY 2024) Full year 2025 results: CN¥0.04 loss per share (improved from CN¥0.10 loss in FY 2024). Revenue: CN¥473.7m (up 71% from FY 2024). Net loss: CN¥8.65m (loss narrowed 53% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Duyuru • Mar 31
XDC Industries (Shenzhen) Limited, Annual General Meeting, Apr 22, 2026 XDC Industries (Shenzhen) Limited, Annual General Meeting, Apr 22, 2026, at 15:00 China Standard Time. Location: 24F, Block B, Building 7, Shenzhen International Innovation Valley, Dashi 1st Road, Nanshan District, Shenzhen, Guangdong China Duyuru • Dec 31
XDC Industries (Shenzhen) Limited to Report Fiscal Year 2025 Results on Mar 17, 2026 XDC Industries (Shenzhen) Limited announced that they will report fiscal year 2025 results on Mar 17, 2026 Duyuru • Dec 03
XDC Industries (Shenzhen) Limited announced that it expects to receive CNY 290.7606 million in funding XDC Industries (Shenzhen) Limited announced a private placement to issue not more than 57,968,760 A shares at an issue price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 290,760,600 on December 1, 2025. The shares cannot be transferred within 6 months from the issuance closing date. The transaction will include participation from not more than 35 investors. The transaction has been approved in 7th (Extraordinary) Meeting of the Company’s 5th Directorate, and is subject to the approvals of the Company’s Shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission. New Risk • Oct 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.3% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.016 (vs CN¥0.029 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.016 (down from CN¥0.029 in 3Q 2024). Revenue: CN¥155.5m (up 86% from 3Q 2024). Net income: CN¥3.17m (down 42% from 3Q 2024). Profit margin: 2.0% (down from 6.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Duyuru • Sep 30
XDC Industries (Shenzhen) Limited to Report Q3, 2025 Results on Oct 25, 2025 XDC Industries (Shenzhen) Limited announced that they will report Q3, 2025 results on Oct 25, 2025 Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.078 (vs CN¥0.077 loss in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.078 (up from CN¥0.077 loss in 2Q 2024). Revenue: CN¥115.4m (up 110% from 2Q 2024). Net income: CN¥15.1m (up CN¥29.8m from 2Q 2024). Profit margin: 13% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • Jul 02
XDC Industries (Shenzhen) Limited to Report First Half, 2025 Results on Aug 19, 2025 XDC Industries (Shenzhen) Limited announced that they will report first half, 2025 results on Aug 19, 2025 New Risk • Jun 08
New major risk - Revenue and earnings growth Earnings have declined by 1.6% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 1.6% per year over the past 5 years. Duyuru • Apr 23
Xdc Industries (Shenzhen) Limited Proposes Final Cash Dividend for the Year 2024 On April 22, 2025, XDC Industries (Shenzhen) Limited proposed final cash dividend/10 shares (tax included): CNY 0.50000000 for the year 2024. Reported Earnings • Apr 23
First quarter 2025 earnings released: CN¥0.02 loss per share (vs CN¥0.044 loss in 1Q 2024) First quarter 2025 results: CN¥0.02 loss per share (improved from CN¥0.044 loss in 1Q 2024). Revenue: CN¥79.5m (up 99% from 1Q 2024). Net loss: CN¥3.78m (loss narrowed 55% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Apr 22
XDC Industries (Shenzhen) Limited, Annual General Meeting, May 23, 2025 XDC Industries (Shenzhen) Limited, Annual General Meeting, May 23, 2025, at 14:50 China Standard Time. Location: 24F, Block B, Building 7, Shenzhen International Innovation Valley, Dashi 1st Road, Nanshan District, Shenzhen, Guangdong China Duyuru • Apr 16
XDC Industries (Shenzhen) Limited Approves Board Elections XDC Industries (Shenzhen) Limited at its EGM held on April 14, 2025 approved election of Zha Bingzhu as non-independent director and Yang Lin as independent director. Duyuru • Mar 31
XDC Industries (Shenzhen) Limited to Report Q1, 2025 Results on Apr 22, 2025 XDC Industries (Shenzhen) Limited announced that they will report Q1, 2025 results on Apr 22, 2025 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. 2 highly experienced directors. Non-Employee Supervisor Qian Zeng was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Dec 31
XDC Industries (Shenzhen) Limited to Report Fiscal Year 2024 Results on Apr 22, 2025 XDC Industries (Shenzhen) Limited announced that they will report fiscal year 2024 results on Apr 22, 2025 Buy Or Sell Opportunity • Oct 09
Now 27% undervalued Over the last 90 days, the stock has risen 29% to CN¥11.92. The fair value is estimated to be CN¥16.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making. Duyuru • Sep 30
XDC Industries (Shenzhen) Limited to Report Q3, 2024 Results on Oct 29, 2024 XDC Industries (Shenzhen) Limited announced that they will report Q3, 2024 results on Oct 29, 2024 Buy Or Sell Opportunity • Aug 12
Now 30% undervalued Over the last 90 days, the stock has risen 26% to CN¥13.01. The fair value is estimated to be CN¥18.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 65%. New Risk • Aug 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 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 (8.8% average weekly change). Profit margins are more than 30% lower than last year (6.1% net profit margin). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥11.29, the stock trades at a trailing P/E ratio of 77.1x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 17% over the past three years. Duyuru • Jun 29
XDC Industries (Shenzhen) Limited to Report First Half, 2024 Results on Aug 27, 2024 XDC Industries (Shenzhen) Limited announced that they will report first half, 2024 results on Aug 27, 2024 Duyuru • May 15
XDC Industries (Shenzhen) Limited Announces 2023 Final Profit Distribution Plan to Be Implemented (A Shares), Payable on 20 May 2024 XDC Industries (Shenzhen) Limited announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 1.00000000. Record date: 17 May 2024. Ex-date: 20 May 2024. Payment date: 20 May 2024. Reported Earnings • Apr 30
First quarter 2024 earnings released: CN¥0.044 loss per share (vs CN¥0.13 profit in 1Q 2023) First quarter 2024 results: CN¥0.044 loss per share (down from CN¥0.13 profit in 1Q 2023). Revenue: CN¥40.1m (down 79% from 1Q 2023). Net loss: CN¥8.42m (down 136% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to CN¥9.29, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 37x in the Electronic industry in China. Total loss to shareholders of 8.5% over the past three years. Duyuru • Mar 30
XDC Industries (Shenzhen) Limited to Report Q1, 2024 Results on Apr 29, 2024 XDC Industries (Shenzhen) Limited announced that they will report Q1, 2024 results on Apr 29, 2024 Duyuru • Mar 26
XDC Industries (Shenzhen) Limited, Annual General Meeting, Apr 26, 2024 XDC Industries (Shenzhen) Limited, Annual General Meeting, Apr 26, 2024, at 14:50 China Standard Time. Location: 24F, Tower B, Building 7, Shenzhen International Innovation Valley, Dashi 1st Road, Nanshan District, Shenzhen, Guangdong China Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.25 in FY 2022) Full year 2023 results: EPS: CN¥0.32 (up from CN¥0.25 in FY 2022). Revenue: CN¥616.1m (up 19% from FY 2022). Net income: CN¥60.3m (up 30% from FY 2022). Profit margin: 9.8% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Feb 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 7.9% 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 (7.9% average weekly change). 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¥11.68, the stock trades at a trailing P/E ratio of 26.6x. Average trailing P/E is 34x in the Electronic industry in China. Total returns to shareholders of 17% over the past three years. Duyuru • Dec 29
XDC Industries (Shenzhen) Limited to Report Fiscal Year 2023 Results on Mar 26, 2024 XDC Industries (Shenzhen) Limited announced that they will report fiscal year 2023 results on Mar 26, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.091 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.091 in 3Q 2022). Revenue: CN¥132.4m (up 4.1% from 3Q 2022). Net income: CN¥20.0m (up 16% from 3Q 2022). Profit margin: 15% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Sep 30
XDC Industries (Shenzhen) Limited to Report Q3, 2023 Results on Oct 27, 2023 XDC Industries (Shenzhen) Limited announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 29
Second quarter 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.09 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.18 (up from CN¥0.09 in 2Q 2022). Revenue: CN¥234.6m (up 131% from 2Q 2022). Net income: CN¥34.5m (up 103% from 2Q 2022). Profit margin: 15% (down from 17% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Jun 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥19.82, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 46x in the Electronic industry in China. Total returns to shareholders of 26% over the past three years. Duyuru • Jun 03
Xdc Industries (Shenzhen) Limited Implements Final Cash Dividend on A Shares for 2022, Payable on June 08, 2023 XDC Industries (Shenzhen) Limited implemented final cash dividend of CNY 1.00000000 per ten A shares (tax included) for 2022. Record date: 07 June 2023; Ex-date: 08 June 2023; Payment date: 08 June 2023. Duyuru • Jun 01
XDC Industries (Shenzhen) Limited Approves Dividend for 2022 XDC Industries (Shenzhen) Limited announced at the AGM held on May 26, 2023 that the company approved Cash dividend/10 shares (tax included) of CNY 1.00000000 for 2022. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.13 (vs CN¥0.033 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.13 (up from CN¥0.033 in 1Q 2022). Revenue: CN¥194.1m (up 139% from 1Q 2022). Net income: CN¥23.7m (up 282% from 1Q 2022). Profit margin: 12% (up from 7.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 13
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Zhangchun Sun was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.091 (vs CN¥0.035 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.091 (up from CN¥0.035 in 3Q 2021). Revenue: CN¥127.2m (up 79% from 3Q 2021). Net income: CN¥17.2m (up 165% from 3Q 2021). Profit margin: 14% (up from 9.2% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 24
Second quarter 2022 earnings released: EPS: CN¥0.09 (vs CN¥0.015 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.09 (up from CN¥0.015 in 2Q 2021). Revenue: CN¥101.4m (up 62% from 2Q 2021). Net income: CN¥17.0m (up 490% from 2Q 2021). Profit margin: 17% (up from 4.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Duyuru • May 21
XDC Industries (Shenzhen) Limited Announces Cash Dividend for 2021, Payable on May 27, 2022 XDC Industries (Shenzhen) Limited announced Cash dividend per 10 shares (tax included) of CNY 0.50000000 for 2021. Record date: 26 May 2022, Ex-date: 27 May 2022 and Payment date: 27 May 2022. Duyuru • May 19
XDC Industries (Shenzhen) Limited Approves Cash Dividend for 2021 XDC Industries (Shenzhen) Limited at the AGM held on May 17, 2022, approved Cash dividend per 10 shares (tax included) of CNY 0.50000000 for 2021. Duyuru • Apr 27
XDC Industries (Shenzhen) Limited Proposes Final Cash Dividend for the Year 2021 XDC Industries (Shenzhen) Limited proposed final cash dividend of CNY 0.50 per 10 shares (tax included) for the year 2021. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Non-Independent Director Changhua Wang is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 26
Third quarter 2021 earnings released: EPS CN¥0.035 (vs CN¥0.017 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥71.0m (up 35% from 3Q 2020). Net income: CN¥6.51m (up 104% from 3Q 2020). Profit margin: 9.2% (up from 6.0% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.015 (vs CN¥0.013 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: CN¥62.8m (flat on 2Q 2020). Net income: CN¥2.88m (up 17% from 2Q 2020). Profit margin: 4.6% (up from 4.0% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% 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. Duyuru • May 22
XDC Industries (Shenzhen) Limited Announces Cash Dividend for 2020, Payable on 28 May 2021 XDC Industries (Shenzhen) Limited announced cash dividend of CNY 0.5 per ten A shares (tax included) for 2020, payable on 28 May 2021. The record date is 27 May 2021 and the ex-date is 28 May 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.009 (vs CN¥0.013 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: CN¥60.8m (up 36% from 1Q 2020). Net income: CN¥1.71m (down 31% from 1Q 2020). Profit margin: 2.8% (down from 5.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% 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. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥10.70 The company is down 48% from its price of CN¥20.54 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥13.81 The company is down 8.0% from its price of CN¥15.01 on 23 September 2020. The Chinese market is up 5.0% 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 • Oct 29
New 90-day high: CN¥18.88 The company is up 18% from its price of CN¥16.06 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 2.0% 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¥10.9m, down 3.2% from the prior year. Total revenue was CN¥222.4m over the last 12 months, down 3.0% from the prior year. Duyuru • Jul 18
XDC Industries (Shenzhen) Limited to Report First Half, 2020 Results on Aug 07, 2020 XDC Industries (Shenzhen) Limited announced that they will report first half, 2020 results on Aug 07, 2020