Upcoming Dividend • Jul 09
Upcoming dividend of HK$0.20 per share Eligible shareholders must have bought the stock before 16 July 2026. Payment date: 31 July 2026. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%). Duyuru • Jun 30
China Railway Signal & Communication Corporation Limited to Report First Half, 2026 Results on Aug 25, 2026 China Railway Signal & Communication Corporation Limited announced that they will report first half, 2026 results on Aug 25, 2026 Duyuru • Jun 09
China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 29, 2026 China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 29, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Duyuru • Mar 30
China Railway Signal & Communication Corporation Limited to Report Q1, 2026 Results on Apr 25, 2026 China Railway Signal & Communication Corporation Limited announced that they will report Q1, 2026 results on Apr 25, 2026 Duyuru • Mar 25
China Railway Signal & Communication Corporation Limited Approves Election of Dong Baoliang as Executive Director China Railway Signal & Communication Corporation Limited held its 2026 second extraordinary general meeting on March 24, 2026. The shareholders approved the election of Mr. Dong Baoliang as an executive director of the Company. Duyuru • Dec 26
China Railway Signal & Communication Corporation Limited to Report Fiscal Year 2025 Results on Mar 25, 2026 China Railway Signal & Communication Corporation Limited announced that they will report fiscal year 2025 results on Mar 25, 2026 Duyuru • Nov 22
China Railway Signal & Communication Corporation Limited Approves Abolishment of the Supervisor Committee China Railway Signal & Communication Corporation Limited announced at extraordinary general meeting held on 21 November 2025, the relevant resolution on the abolishment of the Supervisory Committee has been passed and approved at the EGM. With effect from the date of the EGM, the Company will abolish the Supervisory Committee, and delegate its powers to the audit and risk management committee under the Board. The Rules of Procedure for the Supervisory Committee of China Railway Signal & Communication Corporation Limited* will be repealed accordingly, and the amendments to the terms of reference of the audit and risk management committee will become effective at the same time. The Company would like to express its gratitude to all the Supervisors for their contributions to the Company during the tenure of their service. Duyuru • Sep 30
China Railway Signal & Communication Corporation Limited to Report Q3, 2025 Results on Oct 30, 2025 China Railway Signal & Communication Corporation Limited announced that they will report Q3, 2025 results on Oct 30, 2025 Duyuru • Jun 24
China Railway Signal & Communication Corporation Limited Approves Cash Dividend for 2024, Payable on 31 July 2025 China Railway Signal & Communication Corporation Limited at its AGM, held on June 23, 2025 approved that it will distribute a cash dividend of RMB 1.7 per 10 Shares (tax inclusive) for 2024 to the Shareholders, whose names appear on the register of members of the Company on 4 July 2025, expected payable on 31 July 2025. The register of members of the Company will be closed from 30 June 2025 to 4 July 2025 (both days inclusive). To be eligible to receive the 2024 Cash Dividend, the transfer documents must be lodged with the Company's H Share registrar no later than 27 June 2025. Ex-dividend date is on June 26, 2025. Duyuru • May 30
China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 23, 2025 China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 23, 2025, at 10:00 China Standard Time. Duyuru • Mar 31
the China Railway Signal & Communication Corporation Limited Plans to Distribute Cash Dividend, Distributed on or Before 31 August 2025 The China Railway Signal & Communication Corporation Limited plans to distribute cash dividend of RMB 1.7 (including tax) to all Shareholders for every 10 shares based on the total share capital of 10,589,819,000 shares on 31 December 2024, totaling RMB1,800,269,230. The profit distribution plan needs to be considered and approved by the Company's 2024 annual general meeting. If the above profit distribution plan is reviewed and approved by the Company's general meeting, the cash dividends are expected to be distributed on or before 31 August 2025. Duyuru • Mar 28
China Railway Signal & Communication Corporation Limited to Report Q1, 2025 Results on Apr 26, 2025 China Railway Signal & Communication Corporation Limited announced that they will report Q1, 2025 results on Apr 26, 2025 Duyuru • Dec 27
China Railway Signal & Communication Corporation Limited to Report Fiscal Year 2024 Results on Mar 29, 2025 China Railway Signal & Communication Corporation Limited announced that they will report fiscal year 2024 results on Mar 29, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.07 (in line with 3Q 2023). Revenue: CN¥6.69b (down 16% from 3Q 2023). Net income: CN¥759.5m (up 2.3% from 3Q 2023). Profit margin: 11% (up from 9.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Buy Or Sell Opportunity • Oct 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to €0.32. The fair value is estimated to be €0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.0% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Duyuru • Sep 30
China Railway Signal & Communication Corporation Limited to Report Q3, 2024 Results on Oct 26, 2024 China Railway Signal & Communication Corporation Limited announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.088 (vs CN¥0.11 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.088 (down from CN¥0.11 in 2Q 2023). Revenue: CN¥7.82b (down 14% from 2Q 2023). Net income: CN¥994.6m (down 13% from 2Q 2023). Profit margin: 13% (in line with 2Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Duyuru • Jun 28
China Railway Signal & Communication Corporation Limited to Report First Half, 2024 Results on Aug 29, 2024 China Railway Signal & Communication Corporation Limited announced that they will report first half, 2024 results on Aug 29, 2024 Duyuru • Jun 14
China Railway Signal & Communication Corporation Limited Announces Final Dividend for the Year Ended December 31, 2023, Payable on 30 August 2024 China Railway Signal & Communication Corporation Limited announced final dividend of RMB 1.7 per 10 share for the year ended December 31, 2023. Payment date is 30 August 2024. Date of shareholders' approval is 13 June 2024. Ex-dividend date is 18 June 2024. Record date is 24 June 2024. Upcoming Dividend • Jun 11
Upcoming dividend of CN¥0.17 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.7%). Duyuru • May 25
China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 13, 2024 China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 13, 2024, at 10:00 China Standard Time. Location: meeting room, building a, crsc building, 1 compound, automobile museum south road, fengtai district, beijing China Declared Dividend • May 24
Dividend of CN¥0.17 announced Shareholders will receive a dividend of CN¥0.17. Ex-date: 18th June 2024 Payment date: 30th August 2024 Dividend yield will be 49%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Apr 30
Now 22% undervalued Over the last 90 days, the stock has risen 6.9% to €0.31. The fair value is estimated to be €0.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.06 (in line with 1Q 2023). Revenue: CN¥6.55b (down 13% from 1Q 2023). Net income: CN¥604.5m (down 11% from 1Q 2023). Profit margin: 9.2% (up from 9.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Duyuru • Mar 29
China Railway Signal & Communication Corporation Limited to Report Q1, 2024 Results on Apr 27, 2024 China Railway Signal & Communication Corporation Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.33 in FY 2022) Full year 2023 results: EPS: CN¥0.32 (down from CN¥0.33 in FY 2022). Revenue: CN¥37.0b (down 8.0% from FY 2022). Net income: CN¥3.48b (down 4.3% from FY 2022). Profit margin: 9.4% (up from 9.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Duyuru • Mar 26
China Railway Signal & Communication Corporation Limited Recommends Final Dividend for the Year Ended December 31, 2023, Payable on 31 August 2024 China Railway Signal & Communication Corporation Limited recommended final dividend of RMB 1.7 per 10 share for the Year ended December 31, 2023. Payment date is 31 August 2024. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: CN¥0.32 (vs CN¥0.33 in FY 2022) Full year 2023 results: EPS: CN¥0.32 (down from CN¥0.33 in FY 2022). Revenue: CN¥37.1b (down 7.6% from FY 2022). Net income: CN¥3.47b (down 4.5% from FY 2022). Profit margin: 9.3% (up from 9.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Duyuru • Feb 21
China Railway Signal & Communication Corporation Limited Appoints Lou Qiliang as Chairman and Announces Appointment of Members of the Board Committees The board of directors of China Railway Signal & Communication Corporation Limited announced that on 21 February 2024, the Board held a meeting and resolved to elect Mr. LOU Qiliang, an executive director and the president of the Company, as the chairman of the fourth session of the Board of the Company for a term commencing from 21 February 2024 until the date of expiration of the fourth session of the Board of the Company. The Board also resolved at the meeting on the same day to appoint Mr. LOU Qiliang as the chairman of the Strategy and Investment Committee of the Board, Mr. YAO Guiqin as the chairman of the Nomination Committee of the Board, and Mr. ZHANG Quan as a member of the Nomination Committee of the Board, all for a term commencing from 21 February 2024 until the date of expiration of the fourth session of the Board of the Company. New Risk • Feb 08
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 German stocks, typically moving 8.5% 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 Dividend is not well covered by cash flows (268% cash payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). Duyuru • Jan 18
China Railway Signal & Communication Corporation Limited Announces Resignations of Executive Director and Non-Executive Director China Railway Signal & Communication Corporation Limited received the resignation reports from Mr. ZHOU Zhiliang ("Mr. ZHOU") and Mr. GUO Yonghong ("Mr. GUO"). Mr. ZHOU has resigned as the chairman of the Board, an executive director, the chairman of the Strategy and Investment Committee of the Board and the chairman of the Nomination Committee of the Board of the Company as he has reached the statutory retirement age. Mr. GUO has resigned as a non-executive director, a member of the Audit and Risk Management Committee of the Board and a member of the Quality and Safety Committee of the Board of the Company due to work adjustment. The resignation of each of Mr. ZHOU and Mr. GUO will both be effective from 18 January 2024. Upon their resignations, both Mr. ZHOU and Mr. GUO will no longer hold any position in the Company. Both Mr. ZHOU and Mr. GUO have confirmed that they have no disagreement with the Company and the Board in any respect and there is no other matter relating to their resignations that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Mr. ZHOU worked diligently, dutifully and responsibly during his tenure as the chairman of the Board and an executive director of the Company and made significant contributions to the development of the Company. Mr. GUO made significant contributions to the development of the Company through performance of his duties devotedly and responsibly during his tenure as a non-executive director of the Company. The Company would like to express its sincere appreciation to Mr. ZHOU and Mr. GUO for their contributions to the Company during their tenure of service. Duyuru • Dec 29
China Railway Signal & Communication Corporation Limited to Report Fiscal Year 2023 Results on Mar 27, 2024 China Railway Signal & Communication Corporation Limited announced that they will report fiscal year 2023 results on Mar 27, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.07 (vs CN¥0.069 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.07 (up from CN¥0.069 in 3Q 2022). Revenue: CN¥7.99b (down 6.6% from 3Q 2022). Net income: CN¥742.2m (up 11% from 3Q 2022). Profit margin: 9.3% (up from 7.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 2% per year. Duyuru • Sep 16
China Railway Signal & Communication Corporation Limited Approves Engagement of Lou Qiliang as the President On 15 September 2023, the board of China Railway Signal & Communication Corporation Limited has considered and approved to engage Mr. LOU Qiliang as the president of the company with effect from 15 September 2023. Mr. LOU Qiliang has undertaken that during his concurrent services as the president of the company and the general manager of China Railway Signal and Communication (Group) Corporation Limited, the controlling shareholder of the company, he will perform his duties diligently and devotedly and deal well with the relationship between the company and its controlling shareholder, and will not impair the interests of the company and its minority shareholders due to such concurrent position. Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.12 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.11 (down from CN¥0.12 in 2Q 2022). Revenue: CN¥9.16b (down 20% from 2Q 2022). Net income: CN¥1.15b (down 11% from 2Q 2022). Profit margin: 13% (up from 11% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 5% per year. Duyuru • Jun 10
China Railway Signal & Communication Corporation Limited Approves Cash Dividend for 202, to Be Distributed on 31 August 2023 China Railway Signal & Communication Corporation Limited will distribute a cash dividend of RMB 1.7 per 10 Shares (tax inclusive) for 2022 to the Shareholders, whose names appear on the register of members of the Company on Tuesday, 20 June 2023. The 2022 Cash Dividend is expected to be distributed on 31 August 2023. Upcoming Dividend • Jun 07
Upcoming dividend of CN¥0.17 per share at 5.6% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%). Duyuru • May 10
China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 09, 2023 China Railway Signal & Communication Corporation Limited, Annual General Meeting, Jun 09, 2023, at 10:00 China Standard Time. Location: Building A, CRSC Building 1 Compound, Automobile Museum South Road, Fengtai Distric Beijing China Agenda: To consider resolution on the Work Report of the Board of Directors for 2022 of China Railway Signal & Communication Corporation Limited; to consider resolution on the Work Report of the Supervisory Committee for 2022 of China Railway Signal & Communication Corporation Limited; to consider resolution on the 2022 Annual Report of China Railway Signal & Communication Corporation Limited; to consider resolution on the Final Account Report for 2022 of China Railway Signal & Communication Corporation Limited; to consider resolution on the Profits Distribution Plan for 2022 of China Railway Signal & Communication Corporation Limited; to consider resolution on Appointment of Auditor for 2023; and to transact other business. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: CN¥0.33 (vs CN¥0.30 in FY 2021) Full year 2022 results: EPS: CN¥0.33 (up from CN¥0.30 in FY 2021). Revenue: CN¥40.2b (up 4.9% from FY 2021). Net income: CN¥3.63b (up 11% from FY 2021). Profit margin: 9.0% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Board Change • Nov 16
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. 1 experienced director. 1 highly experienced director. 3 independent directors (4 non-independent directors). Executive Chairman Zhiliang Zhou is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director Junyuan Fu 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. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: CN¥0.066 (vs CN¥0.057 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.066 (up from CN¥0.057 in 3Q 2021). Revenue: CN¥8.56b (up 15% from 3Q 2021). Net income: CN¥667.1m (flat on 3Q 2021). Profit margin: 7.8% (down from 8.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.10 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.10 in 2Q 2021). Revenue: CN¥11.4b (up 1.3% from 2Q 2021). Net income: CN¥1.29b (up 11% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 9.1%, compared to a 16% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 08
Upcoming dividend of CN¥0.17 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 57% and the cash payout ratio is 96%. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.06 (vs CN¥0.06 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.06 (vs CN¥0.06 in 1Q 2021). Revenue: CN¥6.94b (up 5.6% from 1Q 2021). Net income: CN¥648.0m (up 11% from 1Q 2021). Profit margin: 9.3% (up from 8.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
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. 2 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Executive Chairman Zhiliang Zhou is the most experienced director on the board, commencing their role in 2012. Independent Non-Executive Director Junyuan Fu 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. Board Change • Mar 02
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. 3 experienced directors. 1 highly experienced director. Executive Chairman Zhiliang Zhou is the most experienced director on the board, commencing their role in 2012. 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 01
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥0.31 (down from CN¥0.34 in FY 2020). Revenue: CN¥38.4b (down 4.4% from FY 2020). Net income: CN¥3.27b (down 9.7% from FY 2020). Profit margin: 8.5% (down from 9.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.057 (vs CN¥0.079 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.47b (down 20% from 3Q 2020). Net income: CN¥663.6m (down 24% from 3Q 2020). Profit margin: 8.9% (down from 9.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.095 (vs CN¥0.13 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¥11.3b (up 19% from 2Q 2020). Net income: CN¥1.25b (down 1.3% from 2Q 2020). Profit margin: 11% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jun 09
Upcoming dividend of CN¥0.20 per share Eligible shareholders must have bought the stock before 16 June 2021. Payment date: 30 August 2021. Trailing yield: 7.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%). Reported Earnings • May 01
First quarter 2021 earnings released The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: CN¥6.57b (up 28% from 1Q 2020). Net income: CN¥586.2m (up 16% from 1Q 2020). Profit margin: 8.9% (in line with 1Q 2020). Reported Earnings • Mar 29
Full year 2020 earnings released: EPS CN¥0.34 (vs CN¥0.38 in FY 2019) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2020 results: Revenue: CN¥40.1b (down 3.7% from FY 2019). Net income: CN¥3.63b (flat on FY 2019). Profit margin: 9.0% (up from 8.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 14
New 90-day high: €0.31 The company is up 11% from its price of €0.28 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.87 per share. Is New 90 Day High Low • Dec 29
New 90-day low: €0.23 The company is down 4.0% from its price of €0.24 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.78 per share. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥3.47b, down 6.5% from the prior year. Total revenue was CN¥37.4b over the last 12 months, down 12% from the prior year. Is New 90 Day High Low • Sep 30
New 90-day low: €0.24 The company is down 36% from its price of €0.38 on 02 July 2020. The German 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 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.62 per share. 
