Board Change • May 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Deputy GM & Employee Representative Director Weiguo Chen was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥1.07 (vs CN¥1.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥1.07 (down from CN¥1.11 in 1Q 2025). Revenue: CN¥706.7m (up 14% from 1Q 2025). Net income: CN¥95.3m (down 6.8% from 1Q 2025). Profit margin: 14% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Duyuru • Apr 25
Xi'an NovaStar Tech Co., Ltd., Annual General Meeting, May 15, 2026 Xi'an NovaStar Tech Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Duyuru • Apr 04
Xi'an NovaStar Tech Co., Ltd. (SZSE:301589) announces an Equity Buyback for CNY 100 million worth of its shares. Xi'an NovaStar Tech Co., Ltd. (SZSE:301589) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at no more than CNY 250 per share. The purchased shares will be used for equity incentives, employee stock ownership plans, or conversion of convertible bonds. The program will be funded from company's Own Funds. The program will be valid for 12 months from the date the Board of Directors approval. Duyuru • Mar 31
Xi'an NovaStar Tech Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Xi'an NovaStar Tech Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥201, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 32x in the Electronic industry in China. Total returns to shareholders of 20% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥297 per share. Duyuru • Dec 31
Xi'an NovaStar Tech Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Xi'an NovaStar Tech Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥1.67 (vs CN¥1.47 in 3Q 2024) Third quarter 2025 results: EPS: CN¥1.67 (up from CN¥1.47 in 3Q 2024). Revenue: CN¥881.9m (up 9.1% from 3Q 2024). Net income: CN¥151.2m (up 11% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Electronic industry in China. Duyuru • Sep 30
Xi'an NovaStar Tech Co., Ltd. to Report Q3, 2025 Results on Oct 29, 2025 Xi'an NovaStar Tech Co., Ltd. announced that they will report Q3, 2025 results on Oct 29, 2025 Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥2.12 (vs CN¥2.04 in 2Q 2024) Second quarter 2025 results: EPS: CN¥2.12. Revenue: CN¥911.9m (up 3.4% from 2Q 2024). Net income: CN¥191.9m (down 5.0% from 2Q 2024). Profit margin: 21% (down from 23% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Electronic industry in China. Duyuru • Jul 02
Xi'an NovaStar Tech Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Xi'an NovaStar Tech Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Duyuru • Jun 12
Xi'an NovaStar Tech Co., Ltd. Approves Board Elections Xi'an NovaStar Tech Co., Ltd. at its EGM held on June 9, 2025, approved election and nomination of non-independent directors and independent directors. He Guojing, non-independent director; Li Liuchuang, independent director; Guo Hanwen, independent director; Chu Hua, independent director. Declared Dividend • May 21
Dividend of CN¥0.65 announced Shareholders will receive a dividend of CN¥0.65. Ex-date: 23rd May 2025 Payment date: 23rd May 2025 Dividend yield will be 0.6%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 50% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥1.11 (vs CN¥1.46 in 1Q 2024) First quarter 2025 results: EPS: CN¥1.11 (down from CN¥1.46 in 1Q 2024). Revenue: CN¥621.0m (down 8.8% from 1Q 2024). Net income: CN¥102.3m (down 17% from 1Q 2024). Profit margin: 17% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Electronic industry in China. Duyuru • Apr 19
Xi'an Novastar Tech Co., Ltd. Proposes Final Cash Dividend for 2024 Xi'an NovaStar Tech Co., Ltd. announced on 18 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 6.50000000. Duyuru • Apr 18
Xi'an NovaStar Tech Co., Ltd., Annual General Meeting, May 12, 2025 Xi'an NovaStar Tech Co., Ltd., Annual General Meeting, May 12, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Xi'an, Shaanxi China Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥133, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 27x in the Electronic industry in China. Total loss to shareholders of 48% over the past year. Duyuru • Mar 31
Xi'an NovaStar Tech Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Xi'an NovaStar Tech Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Duyuru • Jan 24
Xi'an NovaStar Tech Co., Ltd. (SZSE:301589) announces an Equity Buyback for CNY 100 million worth of its shares. Xi'an NovaStar Tech Co., Ltd. (SZSE:301589) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at no more than CNY 240 per share. The purpose of the program is to use the repurchased shares for equity incentives, employee stock ownership plans or convertible corporate bond conversions. The program will be funded from company's own funds or bank loans. The program will be valid for 3 months. Duyuru • Dec 31
Xi'an NovaStar Tech Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Xi'an NovaStar Tech Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Duyuru • Oct 30
Xi'an NovaStar Tech Co., Ltd. (SZSE:301589) announces an Equity Buyback for 535,714 shares, representing 0.58% for CNY 150 million. Xi'an NovaStar Tech Co., Ltd. (SZSE:301589) announces a share repurchase program. Under the program, the company will repurchase up to 535,714 shares, representing 0.58% of it's issued share capital for CNY 150 million worth of its shares. The shares will be purchased at a price not exceeding CNY 280 per share. The purpose of the program is to safeguard the interests of the company and shareholders and promote the healthy and sustainable development of the company. The repurchased shares will be used to maintain the company's value and shareholders' interests, and will be sold within the prescribed period in accordance with relevant repurchase rules and regulatory guidelines. The program will be funded from company's over-subscribed funds and its own funds. The program will be valid for 3 months. The company had 92,448,000 shares outstanding. Duyuru • Oct 26
Xi'an Novastar Tech Co., Ltd. Proposes Quarterly Dividend for the Third Quarter of 2024 Xi'an NovaStar Tech Co., Ltd. announced on 25 October 2024 the profit distribution proposal for the third quarter of 2024 as follows: Cash dividend/10 shares (tax included): CNY 2.10000000. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥1.47 (vs CN¥2.68 in 3Q 2023) Third quarter 2024 results: EPS: CN¥1.47 (down from CN¥2.68 in 3Q 2023). Revenue: CN¥808.1m (down 6.3% from 3Q 2023). Net income: CN¥136.3m (down 27% from 3Q 2023). Profit margin: 17% (down from 22% in 3Q 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 • Oct 15
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥197, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Duyuru • Sep 30
Xi'an NovaStar Tech Co., Ltd. to Report Q3, 2024 Results on Oct 25, 2024 Xi'an NovaStar Tech Co., Ltd. announced that they will report Q3, 2024 results on Oct 25, 2024 New Risk • Sep 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (216% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥188, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Electronic industry in China. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: CN¥2.04 (vs CN¥2.18 in 2Q 2023) Second quarter 2024 results: EPS: CN¥2.04. Revenue: CN¥881.8m (up 14% from 2Q 2023). Net income: CN¥201.9m (up 34% from 2Q 2023). Profit margin: 23% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. 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. Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 45% After last week's 45% share price decline to CN¥245, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electronic industry in China. Duyuru • May 25
Xi'an Novastar Tech Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on 30 May 2024 Xi'an NovaStar Tech Co., Ltd. announced final cash dividend of CNY 97.00 per 10 shares (tax included) on A shares for the year 2023. Record date is 29 May 2024, Ex-date is 30 May 2024 and Payment Date is 30 May 2024. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: CN¥15.76 (vs CN¥8.00 in FY 2022) Full year 2023 results: EPS: CN¥15.76 (up from CN¥8.00 in FY 2022). Revenue: CN¥3.05b (up 41% from FY 2022). Net income: CN¥607.1m (up 97% from FY 2022). Profit margin: 20% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in China. Duyuru • Apr 19
Xi'an NovaStar Tech Co., Ltd., Annual General Meeting, May 13, 2024 Xi'an NovaStar Tech Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: Tiangu 6th Road, Yanta District, Xi'an City, Shaanxi China Duyuru • Mar 30
Xi'an NovaStar Tech Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 Xi'an NovaStar Tech Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: CN¥15.78 (vs CN¥7.99 in FY 2022) Full year 2023 results: EPS: CN¥15.78 (up from CN¥7.99 in FY 2022). Revenue: CN¥3.05b (up 41% from FY 2022). Net income: CN¥607.8m (up 98% from FY 2022). Profit margin: 20% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Tech industry in China. 
