Board Change • May 20
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. 4 experienced directors. 4 highly experienced directors. Independent Director Tianming Li was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Apr 30
Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) announces an Equity Buyback for CNY 8 million worth of its shares. Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) announces a share repurchase program. Under the program, the company will repurchase up to up to CNY 8 million worth of its shares. The shares will be repurchased at no more than CNY 22.5 per share. The purpose of the program is to reduce the registered share capital of the company. The program is subject to approval from shareholders. The program will be valid for 12 months from the shareholders' approval. Duyuru • Apr 28
Shenzhen Rapoo Technology Co., Ltd., Annual General Meeting, May 19, 2026 Shenzhen Rapoo Technology Co., Ltd., Annual General Meeting, May 19, 2026, at 15:00 China Standard Time. Location: 56F, No. 3099, Keyuan South Road, Nanshan District, Shenzhen, Guangdong China Duyuru • Mar 31
Shenzhen Rapoo Technology Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Shenzhen Rapoo Technology Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Duyuru • Dec 31
Shenzhen Rapoo Technology Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Shenzhen Rapoo Technology Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Duyuru • Sep 30
Shenzhen Rapoo Technology Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Shenzhen Rapoo Technology Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 Duyuru • Jul 02
Shenzhen Rapoo Technology Co., Ltd. to Report First Half, 2025 Results on Aug 02, 2025 Shenzhen Rapoo Technology Co., Ltd. announced that they will report first half, 2025 results on Aug 02, 2025 Duyuru • Apr 03
Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) announces an Equity Buyback for CNY 22.5 million worth of its shares. Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) announces a share repurchase program. Under the program, the company will repurchase up to up to CNY 22.5 million worth of its shares. The shares will be repurchased at no more than CNY 25.9 per share. The purpose of the program is to reduce the registered share capital of the company. The program will be funded from company's own funds. The program is subject to approval from shareholders. The program will be valid for 12 months from the shareholders' approval. Duyuru • Apr 02
Shenzhen Rapoo Technology Co., Ltd., Annual General Meeting, Apr 22, 2025 Shenzhen Rapoo Technology Co., Ltd., Annual General Meeting, Apr 22, 2025, at 15:00 China Standard Time. Location: 56F, No. 3099, Keyuan South Road, Nanshan District, Shenzhen, Guangdong China Duyuru • Mar 31
Shenzhen Rapoo Technology Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Shenzhen Rapoo Technology Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Duyuru • Dec 31
Shenzhen Rapoo Technology Co., Ltd. to Report Fiscal Year 2024 Results on Apr 02, 2025 Shenzhen Rapoo Technology Co., Ltd. announced that they will report fiscal year 2024 results on Apr 02, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.041 (vs CN¥0.041 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.041 (in line with 3Q 2023). Revenue: CN¥108.9m (up 5.4% from 3Q 2023). Net income: CN¥12.8m (up 36% from 3Q 2023). Profit margin: 12% (up from 9.1% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Duyuru • Sep 30
Shenzhen Rapoo Technology Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Shenzhen Rapoo Technology Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 New Risk • Aug 15
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 Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. New Risk • Aug 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% 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 • Jul 31
Second quarter 2024 earnings released: EPS: CN¥0.072 (vs CN¥0.044 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.072. Revenue: CN¥123.0m (up 21% from 2Q 2023). Net income: CN¥14.8m (down 8.1% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Duyuru • Jun 29
Shenzhen Rapoo Technology Co., Ltd. to Report First Half, 2024 Results on Jul 31, 2024 Shenzhen Rapoo Technology Co., Ltd. announced that they will report first half, 2024 results on Jul 31, 2024 Duyuru • May 16
Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) commences an Equity Buyback Plan for CNY 15 million worth of its shares, under the authorization approved on April 19, 2024. Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) commences share repurchases on May 13, 2024, under the program mandated by shareholders in the Annual General Meeting held on April 19, 2024. As per the mandate, the company is authorized to repurchase up to CNY 15 million worth of its shares. The shares will be repurchased at no more than CNY 20.5 per share. The purpose of the program is to reduce the share capital of the company. The repurchased shares will be cancelled. The program will be funded from company's own funds. The authorization will be valid for 12 months. Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.02 (vs CN¥0.02 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.02 (in line with 1Q 2023). Revenue: CN¥96.6m (down 3.9% from 1Q 2023). Net income: CN¥6.61m (up 48% from 1Q 2023). Profit margin: 6.8% (up from 4.4% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. New Risk • Apr 10
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 Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.13 in FY 2022) Full year 2023 results: EPS: CN¥0.11 (down from CN¥0.13 in FY 2022). Revenue: CN¥414.5m (down 7.4% from FY 2022). Net income: CN¥32.0m (down 14% from FY 2022). Profit margin: 7.7% (down from 8.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Jan 22
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 7.9% 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 (7.9% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (4.9% net profit margin). Duyuru • Dec 30
Shenzhen Rapoo Technology Co., Ltd. to Report Fiscal Year 2023 Results on Mar 30, 2024 Shenzhen Rapoo Technology Co., Ltd. announced that they will report fiscal year 2023 results on Mar 30, 2024 New Risk • Dec 05
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 8.0% 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 (8.0% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (4.9% net profit margin). New Risk • Nov 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (4.9% net profit margin). Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: CN¥0.044 (vs CN¥0.059 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.044 (down from CN¥0.059 in 2Q 2022). Revenue: CN¥101.7m (down 17% from 2Q 2022). Net income: CN¥16.1m (down 8.8% from 2Q 2022). Profit margin: 16% (up from 14% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Jul 01
Shenzhen Rapoo Technology Co., Ltd. to Report First Half, 2023 Results on Jul 29, 2023 Shenzhen Rapoo Technology Co., Ltd. announced that they will report first half, 2023 results on Jul 29, 2023 Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: CN¥0.13 (vs CN¥0.15 in FY 2021) Full year 2022 results: EPS: CN¥0.13 (down from CN¥0.15 in FY 2021). Revenue: CN¥447.5m (down 8.1% from FY 2021). Net income: CN¥37.2m (down 13% from FY 2021). Profit margin: 8.3% (down from 8.8% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥15.13, the stock trades at a trailing P/E ratio of 79x. Average trailing P/E is 41x in the Tech industry in China. Total returns to shareholders of 40% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.014 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.06 (up from CN¥0.014 in 3Q 2021). Revenue: CN¥97.4m (down 6.7% from 3Q 2021). Net income: CN¥16.9m (up 289% from 3Q 2021). Profit margin: 17% (up from 4.2% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% 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 14
Second quarter 2022 earnings released: EPS: CN¥0.059 (vs CN¥0.04 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.059 (up from CN¥0.04 in 2Q 2021). Revenue: CN¥122.1m (up 1.0% from 2Q 2021). Net income: CN¥17.7m (up 60% from 2Q 2021). Profit margin: 14% (up from 9.1% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Director Tianming Li was the last director to join the board, commencing their role in 2022. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.04 (vs CN¥0.07 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.04 (down from CN¥0.07 in 1Q 2021). Revenue: CN¥100.6m (down 22% from 1Q 2021). Net income: CN¥11.2m (down 42% from 1Q 2021). Profit margin: 11% (down from 15% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. No experienced directors. No highly experienced directors. Supervisor Xiancheng Zheng is the most experienced director on the board, commencing their role in 2019. 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 • Apr 01
Full year 2021 earnings released: EPS: CN¥0.15 (vs CN¥0.16 in FY 2020) Full year 2021 results: EPS: CN¥0.15 (down from CN¥0.16 in FY 2020). Revenue: CN¥486.8m (up 8.2% from FY 2020). Net income: CN¥43.0m (down 7.7% from FY 2020). Profit margin: 8.8% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.014 (vs CN¥0.04 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥104.4m (down 26% from 3Q 2020). Net income: CN¥4.34m (down 64% from 3Q 2020). Profit margin: 4.2% (down from 8.5% 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 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.071 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥120.9m (down 2.1% from 2Q 2020). Net income: CN¥11.0m (down 45% from 2Q 2020). Profit margin: 9.1% (down from 16% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.04 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¥129.4m (up 89% from 1Q 2020). Net income: CN¥19.2m (up 60% from 1Q 2020). Profit margin: 15% (down from 18% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS CN¥0.16 (vs CN¥0.61 loss in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥450.1m (flat on FY 2019). Net income: CN¥46.5m (up CN¥219.9m from FY 2019). Profit margin: 10% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 7% 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¥10.85 The company is down 23% from its price of CN¥14.07 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 Tech industry, which is up 3.0% over the same period. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥10.95 The company is down 23% from its price of CN¥14.26 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is flat over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥11.14 The company is down 17% from its price of CN¥13.46 on 30 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: CN¥12.88 The company is down 8.0% from its price of CN¥14.00 on 11 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 Tech industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: CN¥15.67 The company is up 1.0% from its price of CN¥15.50 on 18 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is down 7.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥126.5m, with losses widening by CN¥112.6m from the prior year. Total revenue was CN¥489.1m over the last 12 months, up 22% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day low: CN¥13.07 The company is down 3.0% from its price of CN¥13.45 on 30 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 1.0% over the same period.