Declared Dividend • Jun 06
Dividend of CN¥0.048 announced Shareholders will receive a dividend of CN¥0.048. Ex-date: 10th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (34% 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 dividend has increased by an average of 9.9% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 63% to shift the payout ratio to a potentially unsustainable range, which is more than the 3.1% EPS decline seen over the last 5 years. Board Change • May 20
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 2 experienced directors. No highly experienced directors. Independent Director Kai Wang is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Duyuru • Apr 30
Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 20, 2026 Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: 6F, Block A, No. 3, Huaqiang North Road, Futian District, Shenzhen, Guangdong China Duyuru • Mar 31
Shenzhen Textile (Holdings) Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Dec 31
Shenzhen Textile (Holdings) Co., Ltd. to Report Fiscal Year 2025 Results on Mar 30, 2026 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report fiscal year 2025 results on Mar 30, 2026 Duyuru • Oct 01
Shenzhen Textile (Holdings) Co., Ltd. Elects Li Gang as Director Shenzhen Textile (Holdings) Co., Ltd. held its 2nd Extraordinary General Meeting of 2025 on 29 September 2025, approved the Election of Li Gang as a director. Duyuru • Sep 30
Shenzhen Textile (Holdings) Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 Duyuru • Jul 02
Shenzhen Textile (Holdings) Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Duyuru • Apr 28
Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 19, 2025 Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 19, 2025, at 15:00 China Standard Time. Location: 6F, Block A, No. 3, Huaqiang North Road, Futian District, Shenzhen, Guangdong China Duyuru • Mar 31
Shenzhen Textile (Holdings) Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Duyuru • Dec 31
Shenzhen Textile (Holdings) Co., Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.06 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.069 (up from CN¥0.06 in 3Q 2023). Revenue: CN¥898.7m (up 8.6% from 3Q 2023). Net income: CN¥35.0m (up 16% from 3Q 2023). Profit margin: 3.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥11.64, the stock trades at a trailing P/E ratio of 67.9x. Average trailing P/E is 45x in the Electronic industry in China. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥9.55, the stock trades at a trailing P/E ratio of 55.7x. Average trailing P/E is 38x in the Electronic industry in China. Total returns to shareholders of 4.0% over the past three years. Duyuru • Sep 30
Shenzhen Textile (Holdings) Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 New Risk • Sep 02
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 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 (7.2% average weekly change). Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥9.58, the stock trades at a trailing P/E ratio of 55.9x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 6.7% over the past three years. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.046 (vs CN¥0.046 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.046 (in line with 2Q 2023). Revenue: CN¥862.0m (up 6.3% from 2Q 2023). Net income: CN¥23.1m (flat on 2Q 2023). Profit margin: 2.7% (down from 2.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fei Meng was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jul 25
Shenzhen Textile (Holdings) Co., Ltd. Approves Election of Meng Fei as A Non-Independent Director Shenzhen Textile (Holdings) Co., Ltd. announced at the EGM held on July 23, 2024, approved election of Meng Fei as a non-independent director. Duyuru • Jun 29
Shenzhen Textile (Holdings) Co., Ltd. to Report First Half, 2024 Results on Aug 23, 2024 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report first half, 2024 results on Aug 23, 2024 Declared Dividend • Jun 07
Dividend increased to CN¥0.065 Dividend of CN¥0.065 is 8.3% higher than last year. Ex-date: 13th June 2024 Payment date: 13th June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 29% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.026 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.041 (up from CN¥0.026 in 1Q 2023). Revenue: CN¥761.4m (up 12% from 1Q 2023). Net income: CN¥20.8m (up 59% from 1Q 2023). Profit margin: 2.7% (up from 1.9% in 1Q 2023). 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 whereas the company’s share price has increased by 4% per year. Duyuru • May 01
Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 29, 2024 Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 29, 2024, at 14:30 China Standard Time. Location: 6F, Block A, No. 3, Huaqiang North Road, Futian District, Shenzhen, Guangdong China Duyuru • Mar 30
Shenzhen Textile (Holdings) Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.14 in FY 2022) Full year 2023 results: EPS: CN¥0.16 (up from CN¥0.14 in FY 2022). Revenue: CN¥3.08b (up 8.5% from FY 2022). Net income: CN¥79.3m (up 8.1% from FY 2022). Profit margin: 2.6% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Duyuru • Mar 01
Shenzhen Textile (Holdings) Co., Ltd. Appoints Liu Yu as A Non-Independent Director Shenzhen Textile (Holdings) Co., Ltd. approved at its EGM held on 28 February 2024 the appointed Liu Yu as a non-independent director. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥8.95, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 36x in the Electronic industry in China. Total returns to shareholders of 30% over the past three years. Duyuru • Dec 29
Shenzhen Textile (Holdings) Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Shenzhen Textile (Holdings) Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Nov 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 6.4% 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 Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.028 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.028 in 3Q 2022). Revenue: CN¥827.3m (up 22% from 3Q 2022). Net income: CN¥30.3m (up 115% from 3Q 2022). Profit margin: 3.7% (up from 2.1% 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 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 66% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.046 (vs CN¥0.049 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.046 (down from CN¥0.049 in 2Q 2022). Revenue: CN¥810.8m (up 4.7% from 2Q 2022). Net income: CN¥23.2m (down 6.5% from 2Q 2022). Profit margin: 2.9% (down from 3.2% 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 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 01
Shenzhen Textile (Holdings) Co., Ltd. Approves Cash Dividend Shenzhen Textile (Holdings) Co., Ltd. held its Annual General Meeting of 2022 on 26 May 2023, during which it approved: Cash dividend/10 shares (tax included): CNY 0.60000000. Duyuru • May 06
Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 26, 2023 Shenzhen Textile (Holdings) Co., Ltd., Annual General Meeting, May 26, 2023, at 14:30 China Standard Time. Agenda: To consider and approve 2022 work report of the board of directors; 2022 work report of the supervisory committee; 2022 annual accounts; 2022 profit distribution plan; 2022 annual report and its summary; 2022 provision for assets impairment; Purchase of liability insurance for directors, supervisors and senior management; and to discuss other matters. Reported Earnings • Apr 07
Full year 2022 earnings released: EPS: CN¥0.14 (vs CN¥0.11 in FY 2021) Full year 2022 results: EPS: CN¥0.14 (up from CN¥0.11 in FY 2021). Revenue: CN¥2.84b (up 22% from FY 2021). Net income: CN¥73.3m (up 32% from FY 2021). Profit margin: 2.6% (up from 2.4% 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 28% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Jan 04
High number of new directors Non-Independent Director Chuan Wang was the last director to join the board, commencing their role in 2022. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Yuanqing Cai is the most experienced director on the board, commencing their role in 2017. 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 29
Third quarter 2022 earnings released: EPS: CN¥0.028 (vs CN¥0.01 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.028 (up from CN¥0.01 in 3Q 2021). Revenue: CN¥676.9m (up 19% from 3Q 2021). Net income: CN¥14.1m (up 187% from 3Q 2021). Profit margin: 2.1% (up from 0.9% 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 42% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥774.6m (up 41% from 2Q 2021). Net income: CN¥24.8m (down 27% from 2Q 2021). Profit margin: 3.2% (down from 6.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2022 earnings released First quarter 2022 results: Revenue: CN¥670.6m (up 21% from 1Q 2021). Net income: CN¥17.6m (down 59% from 1Q 2021). Profit margin: 2.6% (down from 7.7% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. Independent Director Yuanqing Cai is the most experienced director on the board, commencing their role in 2017. 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 • Mar 19
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥0.12 (up from CN¥0.07 in FY 2020). Revenue: CN¥2.29b (up 8.8% from FY 2020). Net income: CN¥61.2m (up 64% from FY 2020). Profit margin: 2.7% (up from 1.8% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.049 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥570.8m (down 7.4% from 3Q 2020). Net income: CN¥4.92m (down 80% from 3Q 2020). Profit margin: 0.9% (down from 4.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.067 (vs CN¥0.013 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥548.6m (up 16% from 2Q 2020). Net income: CN¥33.8m (up 417% from 2Q 2020). Profit margin: 6.2% (up from 1.4% in 2Q 2020). 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 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 30
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥553.0m (up 44% from 1Q 2020). Net income: CN¥42.8m (up CN¥48.6m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS CN¥0.07 (vs CN¥0.04 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥2.11b (down 2.3% from FY 2019). Net income: CN¥37.3m (up 89% from FY 2019). Profit margin: 1.8% (up from 0.9% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% 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. Is New 90 Day High Low • Mar 10
New 90-day high: CN¥7.80 The company is up 1.0% from its price of CN¥7.71 on 10 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥6.89 The company is down 18% from its price of CN¥8.44 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 12
New 90-day low: CN¥7.47 The company is down 7.0% from its price of CN¥8.01 on 11 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 3.0% over the same period. Is New 90 Day High Low • Nov 26
New 90-day low: CN¥7.73 The company is down 13% from its price of CN¥8.90 on 28 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is down 2.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥28.2m, with earnings increasing by CN¥46.2m from the prior year. Total revenue was CN¥1.99b over the last 12 months, largely unchanged from the prior year.