Board Change • May 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Supervisor Chuner Zhang is the most experienced director on the board, commencing their role in 2021. Independent Director Lingguo Chen was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 13
Ningbo Yunsheng Co., Ltd., Annual General Meeting, May 08, 2026 Ningbo Yunsheng Co., Ltd., Annual General Meeting, May 08, 2026, at 14:00 China Standard Time. Location: No. 1, Yangfan Road, Yinzhou District, Ningbo, Zhejiang China Duyuru • Mar 30
Ningbo Yunsheng Co., Ltd. to Report Q1, 2026 Results on Apr 23, 2026 Ningbo Yunsheng Co., Ltd. announced that they will report Q1, 2026 results on Apr 23, 2026 Duyuru • Dec 26
Ningbo Yunsheng Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2026 Ningbo Yunsheng Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2026 Duyuru • Sep 30
Ningbo Yunsheng Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Ningbo Yunsheng Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Duyuru • Jun 30
Ningbo Yunsheng Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Ningbo Yunsheng Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Duyuru • Apr 30
Ningbo Yunsheng Co., Ltd., Annual General Meeting, May 30, 2025 Ningbo Yunsheng Co., Ltd., Annual General Meeting, May 30, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Duyuru • Mar 28
Ningbo Yunsheng Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Ningbo Yunsheng Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 27
Ningbo Yunsheng Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2025 Ningbo Yunsheng Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.056 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.028 (up from CN¥0.056 loss in 3Q 2023). Revenue: CN¥1.35b (flat on 3Q 2023). Net income: CN¥30.6m (up CN¥90.7m from 3Q 2023). Profit margin: 2.3% (up from net loss in 3Q 2023). Revenue is forecast to grow 24% 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, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Duyuru • Sep 30
Ningbo Yunsheng Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Ningbo Yunsheng Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.035 (vs CN¥0.19 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.035 (up from CN¥0.19 loss in 2Q 2023). Revenue: CN¥1.28b (up 2.0% from 2Q 2023). Net income: CN¥39.0m (up CN¥244.7m from 2Q 2023). Profit margin: 3.0% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 10
Dividend of CN¥0.05 announced Shareholders will receive a dividend of CN¥0.05. Ex-date: 12th July 2024 Payment date: 12th July 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Duyuru • Jun 28
Ningbo Yunsheng Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Ningbo Yunsheng Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 New Risk • Jun 28
New major risk - Revenue and earnings growth Earnings have declined by 6.0% 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 6.0% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Duyuru • May 01
Ningbo Yunsheng Co., Ltd., Annual General Meeting, May 20, 2024 Ningbo Yunsheng Co., Ltd., Annual General Meeting, May 20, 2024, at 15:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0 (vs CN¥0.018 in 1Q 2023) First quarter 2024 results: EPS: CN¥0 (down from CN¥0.018 in 1Q 2023). Revenue: CN¥1.03b (down 28% from 1Q 2023). Net loss: CN¥431.5k (down 102% from profit in 1Q 2023). Profit margin: 0% (down from 1.3% in 1Q 2023). Revenue is forecast to grow 43% 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, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Duyuru • Mar 29
Ningbo Yunsheng Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Ningbo Yunsheng Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Duyuru • Dec 29
Ningbo Yunsheng Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Ningbo Yunsheng Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.19 loss per share (vs CN¥0.17 profit in 2Q 2022) Second quarter 2023 results: CN¥0.19 loss per share (down from CN¥0.17 profit in 2Q 2022). Revenue: CN¥1.26b (down 37% from 2Q 2022). Net loss: CN¥205.7m (down 224% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% 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 • Jul 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥9.46, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 25x in the Electronic industry in China. Total returns to shareholders of 53% over the past three years. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.093 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.093 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥1.80b (up 81% from 3Q 2021). Net income: CN¥91.2m (down 33% from 3Q 2021). Profit margin: 5.1% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.3% p.a. on average during the next 2 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 76% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.17 (down from CN¥0.18 in 2Q 2021). Revenue: CN¥2.00b (up 116% from 2Q 2021). Net income: CN¥166.4m (down 4.3% from 2Q 2021). Profit margin: 8.3% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 44%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥13.24, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 23x in the Electronic industry in China. Total returns to shareholders of 57% over the past three years. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.065 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.075 (up from CN¥0.065 in 1Q 2021). Revenue: CN¥1.20b (up 77% from 1Q 2021). Net income: CN¥73.9m (up 14% from 1Q 2021). Profit margin: 6.1% (down from 9.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 83%, compared to a 25% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CN¥0.53 (up from CN¥0.18 in FY 2020). Revenue: CN¥3.75b (up 56% from FY 2020). Net income: CN¥516.0m (up 190% from FY 2020). Profit margin: 14% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 28%. Over the next year, revenue is forecast to grow 11%, compared to a 26% growth forecast for the industry in China. 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 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥11.99, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 29x in the Electronic industry in China. Total returns to shareholders of 104% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.063 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥993.8m (up 37% from 3Q 2020). Net income: CN¥135.5m (up 120% from 3Q 2020). Profit margin: 14% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥9.65, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 27x in the Electronic industry in China. Total returns to shareholders of 88% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥11.83, the stock trades at a forward P/E ratio of 68x. Average forward P/E is 28x in the Electronic industry in China. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 30% share price gain to CN¥13.08, the stock trades at a forward P/E ratio of 75x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 142% over the past three years. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.10 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥926.8m (up 54% from 2Q 2020). Net income: CN¥173.9m (up 71% from 2Q 2020). Profit margin: 19% (up from 17% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.52, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 30x in the Electronic industry in China. Total returns to shareholders of 47% over the past three years. Reported Earnings • Apr 08
Full year 2020 earnings released: EPS CN¥0.18 (vs CN¥0.051 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.40b (up 23% from FY 2019). Net income: CN¥177.8m (up 258% from FY 2019). Profit margin: 7.4% (up from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥7.76, the stock is trading at a trailing P/E ratio of 52.9x, up from the previous P/E ratio of 42.5x. This compares to an average P/E of 40x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 14%. Is New 90 Day High Low • Feb 23
New 90-day high: CN¥7.05 The company is up 2.0% from its price of CN¥6.93 on 25 November 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electronic industry, which is down 1.0% over the same period. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥5.88, the stock is trading at a trailing P/E ratio of 40.1x, down from the previous P/E ratio of 47.2x. This compares to an average P/E of 36x in the Electronic industry in China. Total return to shareholders over the past three years is a loss of 32%. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥5.86 The company is down 3.0% from its price of CN¥6.06 on 14 October 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 2.0% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: CN¥7.03 The company is up 8.0% from its price of CN¥6.51 on 26 August 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 3.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥144.2m, up 104% from the prior year. Total revenue was CN¥2.32b over the last 12 months, up 26% from the prior year. Is New 90 Day High Low • Oct 01
New 90-day low: CN¥5.83 The company is down 1.0% from its price of CN¥5.91 on 03 July 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 2.0% over the same period.