Board Change • May 20
Less than half of directors are independent There are 5 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: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Yiguo Kang 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. Duyuru • Mar 26
Chengdu SIWI Science and Technology Company Limited, Annual General Meeting, Jun 18, 2026 Chengdu SIWI Science and Technology Company Limited, Annual General Meeting, Jun 18, 2026. Location: no. 18, xinhang road, west park of hi-tech development zone, sichuan province, chengdu China Duyuru • Mar 16
Chengdu SIWI Science and Technology Company Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 Chengdu SIWI Science and Technology Company Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Duyuru • Aug 14
Chengdu SIWI Science and Technology Company Limited to Report First Half, 2025 Results on Aug 26, 2025 Chengdu SIWI Science and Technology Company Limited announced that they will report first half, 2025 results on Aug 26, 2025 Duyuru • Mar 22
Chengdu SIWI Science and Technology Company Limited, Annual General Meeting, Jun 20, 2025 Chengdu SIWI Science and Technology Company Limited, Annual General Meeting, Jun 20, 2025. Location: no. 18, xinhang road, west park of hi-tech development zone, sichuan province, chengdu China Duyuru • Mar 11
Chengdu SIWI Science and Technology Company Limited to Report Fiscal Year 2024 Results on Mar 21, 2025 Chengdu SIWI Science and Technology Company Limited announced that they will report fiscal year 2024 results on Mar 21, 2025 Reported Earnings • Sep 02
First half 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.01 loss in 1H 2023) First half 2024 results: EPS: CN¥0.001 (up from CN¥0.01 loss in 1H 2023). Revenue: CN¥143.9m (down 7.8% from 1H 2023). Net income: CN¥480.0k (up CN¥2.93m from 1H 2023). Profit margin: 0.3% (up from net loss in 1H 2023). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 29
Now 28% overvalued Over the last 90 days, the stock has fallen 9.4% to €0.063. The fair value is estimated to be €0.049, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Aug 15
Chengdu SIWI Science and Technology Company Limited to Report First Half, 2024 Results on Aug 27, 2024 Chengdu SIWI Science and Technology Company Limited announced that they will report first half, 2024 results on Aug 27, 2024 Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: CN¥0.01 (vs CN¥0.006 loss in FY 2022) Full year 2023 results: EPS: CN¥0.01 (up from CN¥0.006 loss in FY 2022). Revenue: CN¥403.6m (up 33% from FY 2022). Net income: CN¥2.77m (up CN¥5.00m from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Mar 23
Chengdu SIWI Science and Technology Company Limited, Annual General Meeting, May 10, 2024 Chengdu SIWI Science and Technology Company Limited, Annual General Meeting, May 10, 2024. Location: No. 18, Xinhang Road, the West Park of Hi-tech Development Zone Chengdu Sichuan Province China Duyuru • Mar 13
Chengdu SIWI Science and Technology Company Limited to Report Fiscal Year 2023 Results on Mar 22, 2024 Chengdu SIWI Science and Technology Company Limited announced that they will report fiscal year 2023 results on Mar 22, 2024 New Risk • Oct 18
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 German stocks, typically moving 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€35.4m market cap, or US$37.3m). Reported Earnings • Sep 19
First half 2023 earnings released: CN¥0.01 loss per share (vs CN¥0.004 profit in 1H 2022) First half 2023 results: CN¥0.01 loss per share (down from CN¥0.004 profit in 1H 2022). Revenue: CN¥156.2m (up 18% from 1H 2022). Net loss: CN¥2.45m (down 247% from profit in 1H 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 16
Chengdu SIWI Science and Technology Company Limited to Report First Half, 2023 Results on Aug 25, 2023 Chengdu SIWI Science and Technology Company Limited announced that they will report first half, 2023 results on Aug 25, 2023 Reported Earnings • Mar 27
Full year 2022 earnings released: CN¥0.006 loss per share (vs CN¥0.13 loss in FY 2021) Full year 2022 results: CN¥0.006 loss per share (improved from CN¥0.13 loss in FY 2021). Revenue: CN¥304.0m (up 1.2% from FY 2021). Net loss: CN¥2.22m (loss narrowed 96% from FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. No highly experienced directors. 3 independent directors (6 non-independent directors). Staff Representative Supervisor Jun Liu is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Shujin Xue was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Nov 11
Chengdu Siwi Science and Technology Company Limited Announces Executive Changes Chengdu SIWI Science and Technology Company Limited announces that, Mr. Xiong Ting () ("Mr. Xiong") has resigned as a shareholder representative supervisor of the Company (the "Supervisor") with effect from 10 November 2022, due to retirement. Duyuru • Oct 22
Chengdu SIWI Science and Technology Company Limited Announces Chief Financial Officer Changes The board of directors of Chengdu SIWI Science and Technology Company Limited announced that with effect from 21 October 2022, Mr. Wang Yinyuceased to be the chief financial officer of the Company. Mr. Wang Yinyu has confirmed that there are no matters in relation to his resignation as the chief financial officer that need to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board announced that Mr. Xu Guangde has been appointed as the chief financial officer of the Company, with effect from 21 October 2022. Mr. Xu Guangde, aged 36, is a senior accountant and holds a master's degree in accounting from Southwestern University of Finance and Economics and a bachelor's degree in financial accounting education from Central China Normal University. Prior to his appointment as the chief financial officer of the Company, Mr. Xu Guangde worked in the financial department of the 29th Research Institute of China Electronics Technology Group Corporation. Mr. Xu Guangde has accumulated extensive experience in financial management. Duyuru • Sep 07
Chengdu SIWI Science and Technology Company Limited Announces Board Changes Chengdu SIWI Science and Technology Company Limited has resigned as an executive Director and Mr. Xiao Xiaozhou has resigned as an independent non-executive Director with effect from 6 September 2022, as both Mr. Li and Mr. Xiao would like to dedicate more time to other personal affairs. Mr. Li and Mr. Xiao both confirmed that they have no disagreement with the Board and there are no matters relating to their resignation that need to be brought to the attention of the shareholders of the Company. The Board further announces that it has resolved to appoint Mr. Chen Wei as an executive Director and Mr. Xue Shujin as an independent non-executive Director with effect from 6 September 2022 until the end of the tenth session of the Board of the Company. Mr. Chen Wei, aged 35, is a senior engineer and is currently the deputy director of the material assurance department, a secretary of the Party Branch of the material assurance department and the tender management office of the 29th Research Institute of China Electronics Technology Group Corporation (the "29th Research Institute"). Mr. Chen received his bachelor's degree in mechanical design manufacturing and automation and master's degree in Mechanical Electronic Engineering from Huazhong University of Science and Technology in 2008 and 2011 respectively. Since obtaining his master's degree, Mr. Chen joined the 29th Research Institute and has successively served different positions including an engineer, the party secretary (presiding over the work) and deputy director of the department of arts and engineering, and the deputy director of the department of integrated planning of the 29th Research Institute. Mr. Chen has extensive experience in mechanical and electronic automation. Mr. Xue Shujin, aged 65, is a senior engineer and is currently the legal representative of Tianjin Quanbo Technology Limited Company. Mr. Xue graduated from Chengdu Telecommunications Engineering Institute. Mr. Xue has served various engineering positions in the state-owned 609 factory, with his last position as the chief engineer and he was also appointed as the strategic advisor for Heng Tong Group Company Limited and a technical advisor for Tong Guang Group Company Limited. Mr. Xue has been involved in the field of telecommunication manufacturing and technology development for almost 40 years and has an established reputation as an expert within the industry. The Board further announces that Mr. Li has resigned as the chairman of the strategic development committee of the Company and Mr. Xiao has resigned as a member of the Remuneration and Appraisal Committee, nomination committee, audit committee and strategic development committee of the Company. Mr. Wu Xiaodong, an executive Director has been redesignated as the chairman of the strategic and development committee of the Company, Mr. Chen has been appointed as a member of the Remuneration and Appraisal Committee to fill the casual vacancy following the re-designation of Mr. Wu Xiaodong and Mr. Xue has been appointed to fill the casual vacancy arising from Mr. Xiao's resignation, as a member of each of the Remuneration and Appraisal Committee, nomination committee, audit committee and strategic development committee of the Company. Reported Earnings • Aug 28
First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.032 loss in 1H 2021) First half 2022 results: EPS: CN¥0 (up from CN¥0.032 loss in 1H 2021). Revenue: CN¥132.9m (down 34% from 1H 2021). Net income: CN¥1.67m (up CN¥14.6m from 1H 2021). Profit margin: 1.3% (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Buying Opportunity • Aug 18
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be €0.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last 3 years. Earnings per share has declined by 15%. Duyuru • Aug 17
Chengdu SIWI Science and Technology Company Limited to Report Q2, 2022 Results on Aug 26, 2022 Chengdu SIWI Science and Technology Company Limited announced that they will report Q2, 2022 results on Aug 26, 2022 Duyuru • Aug 05
Chengdu PUTIAN Telecommunications Cable Company Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022 The board of Chengdu PUTIAN Telecommunications Cable Company Limited informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2022 and information currently available to the Board, the Board expects to record a net profit attributable to the owners of the Company of approximately RMB 4.2 million for the Period as compared to a net loss attributable to the owners of the Company of approximately RMB 17.8 million for the six months ended 30 June 2021. The turnaround of the Group's loss to profit attributable to the owners of the Company was principally attributable to the increase in operating profit of the Company and its subsidiaries, Chengdu SEI Optical Fiber Co. Ltd. and Chengdu Zhongling Radio Communications Co. Ltd. for the Period as compared to the Previous Period, due to the increase in selling price of the relevant products as a result of favorable market conditions for the optical telecommunication industry. Board Change • Apr 27
Less than half of directors are independent There are 8 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: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Xiaozhou Xiao is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Director Qishui Zhong was the last independent director to join the board, commencing their role in 2021. 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. Board Change • Dec 30
Less than half of directors are independent There are 8 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: 8 new directors. 3 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Independent Non-Executive Director Xiaozhou Xiao is the most experienced director on the board, commencing their role in 2013. Independent Non-Executive Director Qishui Zhong was the last independent director to join the board, commencing their role in 2021. 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. Executive Departure • Oct 03
Chief Financial Officer Qian Yu has left the company On the 24th of September, Qian Yu's tenure as Chief Financial Officer ended. We don't have any record of a personal shareholding under Qian's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Sep 24
First half 2021 earnings released: CN¥0.032 loss per share (vs CN¥0.04 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: CN¥200.1m (down 4.5% from 1H 2020). Net loss: CN¥12.9m (loss narrowed 18% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 22
First half 2021 earnings released: CN¥0.032 loss per share (vs CN¥0.039 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: CN¥200.1m (down 4.5% from 1H 2020). Net loss: CN¥12.9m (loss narrowed 18% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Executive Departure • May 17
Independent Non-Executive Director has left the company On the 7th of May, Yaping Mao's tenure as Independent Non-Executive Director ended after 3.1 years in the role. We don't have any record of a personal shareholding under Yaping's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 29
Full year 2020 earnings released: CN¥0.11 loss per share (vs CN¥0.13 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: CN¥417.3m (down 7.1% from FY 2019). Net loss: CN¥43.2m (loss narrowed 14% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Duyuru • Mar 17
Chengdu PUTIAN Telecommunications Cable Company Limited to Report Fiscal Year 2020 Results on Mar 26, 2021 Chengdu PUTIAN Telecommunications Cable Company Limited announced that they will report fiscal year 2020 results on Mar 26, 2021 Duyuru • Dec 23
Chengdu PUTIAN Telecommunications Cable Company Limited Announces Board Changes The board of directors of Chengdu PUTIAN Telecommunications Cable Company Limited announced that Ms. Xu Liying has tendered her resignation as executive Director and a member of the remuneration and appraisal committee of the Board (the "Remuneration and Appraisal Committee") with effect from 22 December 2020 due to her wish to devote more time on other personal commitment. The Board announced that it has resolved to appoint Mr. Jiang Jianping as an executive Director of the company with effect from 22 December 2020 until the conclusion of the next annual general meeting of the Company. He is currently a deputy general manager of the corporate development department of China PUTIAN Corporation
and an executive director of Beijing PUTIAN Investment Management Company Limited. Duyuru • Dec 13
Jiangsu Fasten Optics Telecommunication Technology Limited won the bid to acquire 12.5% stake in Putian Fasten Cable Telecommunication Co. Ltd. from Chengdu PUTIAN Telecommunications Cable Company Limited (SEHK:1202) for CNY 67.6 million. Jiangsu Fasten Optics Telecommunication Technology Limited won the bid to acquire 12.5% stake in Putian Fasten Cable Telecommunication Co. Ltd. from Chengdu PUTIAN Telecommunications Cable Company Limited (SEHK:1202) for CNY 67.6 million on December 11, 2020. As per terms of the consideration, CNY 20.28 million will be payable within 3 days from the effective date of the definitive agreement and remaining CNY 47.33 million will be payable no later than October 29, 2021. Upon completion, Chengdu PUTIAN Telecommunications Cable Company Limited will reduce its stake in Putian Fasten Cable Telecommunication Co. Ltd. from 22.5% to 10%.
The transaction is subject to approval from the shareholders of Chengdu PUTIAN Telecommunications Cable Company Limited. As at December 31, 2019, Putian Fasten Cable Telecommunication Co. Ltd. reported total assets of CNY 1.39 billion, net assets of CNY 513.1 million and net loss of CNY 36.5 million.Chengdu PUTIAN Telecommunications Cable Company Limited formed the independent committee of the board for the purpose of advising the independent shareholders on the disposal and the transactions contemplated thereunder. The completion of the disposal shall take place after the consideration has been fully settled. The group intends to use the proceeds from the disposal for potential business opportunities aimed at promoting the existing core businesses of the group as well as general working capital. Frontpage Capital Limited acted as a financial advisor to the special committee of Chengdu PUTIAN Telecommunications Cable Company Limited. Reported Earnings • Sep 21
First half earnings released Over the last 12 months the company has reported total losses of CN¥49.2m, with losses widening by 26% from the prior year. Total revenue was CN¥411.2m over the last 12 months, down 26% from the prior year. Duyuru • Aug 07
Chengdu PUTIAN Telecommunications Cable Company Limited to Report First Half, 2020 Results on Aug 21, 2020 Chengdu PUTIAN Telecommunications Cable Company Limited announced that they will report first half, 2020 results on Aug 21, 2020