Board Change • May 20
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. 7 non-independent directors. Independent Director Zongjun Wang was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 25
Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 15, 2026 Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 5F, Building 1, No. 6, Gaoxin 4th Road, East Lake High-tech Development Zone, Wuhan, Hubei China Duyuru • Mar 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Duyuru • Dec 26
Fiberhome Telecommunication Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Duyuru • Sep 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Duyuru • Jun 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Duyuru • Apr 26
Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 16, 2025 Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 5F, Building 1, No. 6, Gaoxin 4th Road, Donghu Hi-tech Zone, Wuhan, Hubei China Duyuru • Mar 28
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Duyuru • Dec 27
Fiberhome Telecommunication Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.15 (vs CN¥0.11 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥7.30b (down 4.7% from 3Q 2023). Net income: CN¥176.5m (up 38% from 3Q 2023). Profit margin: 2.4% (up from 1.7% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.16, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Communications industry in China. Negligible returns to shareholders over past three years. Duyuru • Sep 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 2Q 2023). Revenue: CN¥8.79b (down 11% from 2Q 2023). Net income: CN¥175.6m (up 8.2% from 2Q 2023). Profit margin: 2.0% (up from 1.6% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 08
Dividend increased to CN¥0.13 Dividend of CN¥0.13 is 16% higher than last year. Ex-date: 12th July 2024 Payment date: 12th July 2024 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 28
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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. Duyuru • Apr 29
Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 24, 2024 Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: Building 1, No. 6, Gaoxin 4th Road, East Lake High-tech Development Zone, Wuhan, Hubei China Duyuru • Mar 29
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.87, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Communications industry in China. Total loss to shareholders of 6.8% over the past three years. Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.04, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 3.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥14.73, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Communications industry in China. Total loss to shareholders of 20% over the past three years. Duyuru • Dec 29
Fiberhome Telecommunication Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.099 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.099 in 3Q 2022). Revenue: CN¥7.66b (up 1.9% from 3Q 2022). Net income: CN¥128.0m (up 1.9% from 3Q 2022). Profit margin: 1.7% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Sep 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 New Risk • Aug 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Paying a dividend despite having no free cash flows. Duyuru • Jun 28
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Board Change • Jun 25
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Chairman of the Supervisory Board Ding Feng is the most experienced director on the board, commencing their role in 2014. Independent Director Yuemei Guo was the last independent director to join the board, commencing their role in 2020. 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. Reported Earnings • Apr 24
Full year 2022 earnings released: EPS: CN¥0.34 (vs CN¥0.25 in FY 2021) Full year 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in FY 2021). Revenue: CN¥30.9b (up 17% from FY 2021). Net income: CN¥405.8m (up 41% from FY 2021). Profit margin: 1.3% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥19.88, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 28x in the Communications industry in China. Total loss to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥16.70, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 34% over the past three years. Board Change • Nov 16
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. 7 non-independent directors. Independent Director Yuemei Guo was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.11 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.099 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥7.52b (up 15% from 3Q 2021). Net income: CN¥125.6m (down 6.1% from 3Q 2021). Profit margin: 1.7% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.092 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.092 in 2Q 2021). Revenue: CN¥9.47b (up 19% from 2Q 2021). Net income: CN¥142.9m (up 19% from 2Q 2021). Profit margin: 1.5% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2021). Revenue: CN¥4.54b (up 13% from 1Q 2021). Net income: CN¥33.1m (up 10.0% from 1Q 2021). Profit margin: 0.7% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2021 earnings released: EPS: CN¥0.25 (vs CN¥0.09 in FY 2020) Full year 2021 results: EPS: CN¥0.25 (up from CN¥0.09 in FY 2020). Revenue: CN¥26.3b (up 25% from FY 2020). Net income: CN¥288.0m (up 182% from FY 2020). Profit margin: 1.1% (up from 0.5% in FY 2020). Over the next year, revenue is forecast to grow 8.3%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.19 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥6.53b (up 2.3% from 3Q 2020). Net income: CN¥133.7m (down 40% from 3Q 2020). Profit margin: 2.0% (down from 3.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.24 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.98b (up 22% from 2Q 2020). Net income: CN¥120.1m (down 51% from 2Q 2020). Profit margin: 1.5% (down from 3.8% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.84 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥21.1b (down 14% from FY 2019). Net income: CN¥102.3m (down 90% from FY 2019). Profit margin: 0.5% (down from 4.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 23% 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. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥21.52 The company is down 11% from its price of CN¥24.11 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.05 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥22.82 The company is down 5.0% from its price of CN¥23.91 on 24 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.50 per share. Is New 90 Day High Low • Nov 03
New 90-day low: CN¥22.91 The company is down 20% from its price of CN¥28.70 on 05 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.38 per share. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS CN¥0.19 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥6.39b (up 10% from 3Q 2019). Net income: CN¥221.6m (up 16% from 3Q 2019). Profit margin: 3.5% (up from 3.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue misses expectations Revenue missed analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 31%, compared to a 29% growth forecast for the Communications industry in China.