Announcement • 10h
Zhewen Pictures Group co.,ltd to Report First Half, 2026 Results on Aug 27, 2026 Zhewen Pictures Group co.,ltd announced that they will report first half, 2026 results on Aug 27, 2026 Reported Earnings • May 01
First quarter 2026 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.02 (down from CN¥0.03 in 1Q 2025). Revenue: CN¥792.6m (up 1.5% from 1Q 2025). Net income: CN¥17.9m (down 54% from 1Q 2025). Profit margin: 2.3% (down from 5.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.10 in FY 2024) Full year 2025 results: EPS: CN¥0.11 (up from CN¥0.10 in FY 2024). Revenue: CN¥3.23b (up 6.2% from FY 2024). Net income: CN¥132.7m (up 11% from FY 2024). Profit margin: 4.1% (up from 4.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Announcement • Mar 31
Zhewen Pictures Group co.,ltd, Annual General Meeting, Apr 20, 2026 Zhewen Pictures Group co.,ltd, Annual General Meeting, Apr 20, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Announcement • Mar 30
Zhewen Pictures Group co.,ltd to Report Q1, 2026 Results on Apr 29, 2026 Zhewen Pictures Group co.,ltd announced that they will report Q1, 2026 results on Apr 29, 2026 New Risk • Mar 02
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 7.5% 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 Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥5.64, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 37x in the Luxury industry in China. Total returns to shareholders of 75% over the past three years. Announcement • Dec 26
Zhewen Pictures Group co.,ltd to Report Fiscal Year 2025 Results on Mar 31, 2026 Zhewen Pictures Group co.,ltd announced that they will report fiscal year 2025 results on Mar 31, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CN¥0.019 (vs CN¥0.016 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.019 (up from CN¥0.016 in 3Q 2024). Revenue: CN¥893.3m (down 1.8% from 3Q 2024). Net income: CN¥21.3m (up 35% from 3Q 2024). Profit margin: 2.4% (up from 1.7% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 30
Zhewen Pictures Group co.,ltd to Report Q3, 2025 Results on Oct 29, 2025 Zhewen Pictures Group co.,ltd announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Jun 30
Zhewen Pictures Group co.,ltd to Report First Half, 2025 Results on Aug 27, 2025 Zhewen Pictures Group co.,ltd announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 14
Zhewen Pictures Group co.,ltd, Annual General Meeting, May 08, 2025 Zhewen Pictures Group co.,ltd, Annual General Meeting, May 08, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: CN¥0.10 (vs CN¥0.09 in FY 2023) Full year 2024 results: EPS: CN¥0.10 (up from CN¥0.09 in FY 2023). Revenue: CN¥3.04b (up 6.1% from FY 2023). Net income: CN¥120.1m (up 20% from FY 2023). Profit margin: 4.0% (up from 3.5% in FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Zhewen Pictures Group co.,ltd to Report Q1, 2025 Results on Apr 29, 2025 Zhewen Pictures Group co.,ltd announced that they will report Q1, 2025 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CN¥4.49, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 24x in the Luxury industry in China. Total returns to shareholders of 26% over the past three years. Announcement • Dec 27
Zhewen Pictures Group co.,ltd to Report Fiscal Year 2024 Results on Mar 31, 2025 Zhewen Pictures Group co.,ltd announced that they will report fiscal year 2024 results on Mar 31, 2025 Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.75, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 24x in the Luxury industry in China. Total returns to shareholders of 19% over the past three years. New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% 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 • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.016 (vs CN¥0.021 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.016 (down from CN¥0.021 in 3Q 2023). Revenue: CN¥910.1m (up 6.7% from 3Q 2023). Net income: CN¥15.7m (down 37% from 3Q 2023). Profit margin: 1.7% (down from 2.9% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Zhewen Pictures Group co.,ltd to Report Q3, 2024 Results on Oct 29, 2024 Zhewen Pictures Group co.,ltd announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥3.59, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 21x in the Luxury industry in China. Total returns to shareholders of 18% over the past three years. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CN¥0.069 (vs CN¥0.05 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.069 (up from CN¥0.05 in 2Q 2023). Revenue: CN¥1.05b (up 28% from 2Q 2023). Net income: CN¥85.3m (up 47% from 2Q 2023). Profit margin: 8.1% (up from 7.1% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Zhewen Pictures Group co.,ltd to Report First Half, 2024 Results on Aug 23, 2024 Zhewen Pictures Group co.,ltd announced that they will report first half, 2024 results on Aug 23, 2024 Announcement • Apr 21
Zhewen Pictures Group co.,ltd, Annual General Meeting, May 10, 2024 Zhewen Pictures Group co.,ltd, Annual General Meeting, May 10, 2024, at 14:30 China Standard Time. Location: The Company's Meeting Room, Hangzhou, Zhejiang China Reported Earnings • Apr 20
Full year 2023 earnings released: EPS: CN¥0.09 (vs CN¥0.07 in FY 2022) Full year 2023 results: EPS: CN¥0.09 (up from CN¥0.07 in FY 2022). Revenue: CN¥2.87b (up 4.9% from FY 2022). Net income: CN¥100.6m (up 23% from FY 2022). Profit margin: 3.5% (up from 3.0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Zhewen Pictures Group co.,ltd to Report Q1, 2024 Results on Apr 27, 2024 Zhewen Pictures Group co.,ltd announced that they will report Q1, 2024 results on Apr 27, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥3.43, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 22x in the Luxury industry in China. Total returns to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.17, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 24x in the Luxury industry in China. Total returns to shareholders of 36% over the past three years. Announcement • Dec 30
Zhewen Pictures Group co.,ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Zhewen Pictures Group co.,ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Dec 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 Chinese stocks, typically moving 6.0% 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: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.73, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 29x in the Luxury industry in China. Total returns to shareholders of 55% over the past three years. New Risk • Oct 25
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Zhewen Pictures Group co.,ltd to Report Q3, 2023 Results on Oct 25, 2023 Zhewen Pictures Group co.,ltd announced that they will report Q3, 2023 results on Oct 25, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.03 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.03 in 2Q 2022). Revenue: CN¥822.7m (up 3.1% from 2Q 2022). Net income: CN¥58.2m (up 56% from 2Q 2022). Profit margin: 7.1% (up from 4.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to CN¥4.22, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 29x in the Luxury industry in China. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.41, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 28x in the Luxury industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.03 (in line with 1Q 2022). Revenue: CN¥685.0m (down 7.9% from 1Q 2022). Net income: CN¥34.5m (up 4.5% from 1Q 2022). Profit margin: 5.0% (up from 4.4% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 116% 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 • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (5 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0.021 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.012 (down from CN¥0.021 in 3Q 2021). Revenue: CN¥747.9m (up 8.8% from 3Q 2021). Net income: CN¥16.2m (down 45% from 3Q 2021). Profit margin: 2.2% (down from 4.3% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.036 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.03. Revenue: CN¥797.9m (down 1.4% from 2Q 2021). Net income: CN¥37.4m (up 8.0% from 2Q 2021). Profit margin: 4.7% (up from 4.3% in 2Q 2021). Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 33% share price gain to CN¥4.29, the stock trades at a trailing P/E ratio of 44.8x. Average trailing P/E is 21x in the Luxury industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.01 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.03 (up from CN¥0.01 in 1Q 2021). Revenue: CN¥743.9m (up 39% from 1Q 2021). Net income: CN¥33.0m (up 367% from 1Q 2021). Profit margin: 4.4% (up from 1.3% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock is up 3.0%. The fair value is estimated to be CN¥3.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company has become profitable. 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. 4 independent directors (7 non-independent directors). Deputy Chair & General Manager Chun Huang was the last director to join the board, commencing their role in 2017. 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 • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.021 (vs CN¥0.029 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥687.4m (up 8.5% from 3Q 2020). Net income: CN¥29.5m (up 13% from 3Q 2020). Profit margin: 4.3% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS CN¥0.036 (vs CN¥1.10 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥809.3m (up CN¥740.8m from 2Q 2020). Net income: CN¥34.6m (up CN¥994.2m from 2Q 2020). Profit margin: 4.3% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.01 (vs CN¥0.07 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥535.2m (up 2.2% from 1Q 2020). Net income: CN¥7.07m (up CN¥70.5m from 1Q 2020). Profit margin: 1.3% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2020 earnings released: CN¥1.14 loss per share (vs CN¥1.08 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: CN¥1.69b (down 44% from FY 2019). Net loss: CN¥1.02b (loss widened 5.8% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 29
New 90-day low: CN¥2.42 The company is down 18% from its price of CN¥2.96 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 Luxury industry, which is down 10.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥2.68 The company is down 15% from its price of CN¥3.17 on 13 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 Luxury industry, which is down 11% over the same period. Is New 90 Day High Low • Dec 16
New 90-day low: CN¥2.88 The company is down 15% from its price of CN¥3.40 on 17 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 2.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day low: CN¥2.91 The company is down 29% from its price of CN¥4.10 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: CN¥3.04 The company is down 12% from its price of CN¥3.44 on 21 July 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 3.0% over the same period. Announcement • Jul 08
Huaibei City Construction Investment Holding Group Company Limited cancelled the acquisition of 5.11% stake in Jiangsu Lugang Culture Co., Ltd. (SHSE:601599) from a group of seller. Huaibei City Construction Investment Holding Group Company Limited signed a framework agreement to acquire 5.11% stake in Jiangsu Lugang Culture Co., Ltd. (SHSE:601599) from a group of sellers on November 22, 2019. The group of sellers include Qian Wenlong, Miao Jinyi, Xu Qun, Yuan Aiguo, Huang Chunhong, Zou Guodong, and Zou Yuping. The sellers will sell 45.6 million shares. A contract will be signed later. On December 30, 2019, the Jiangsu Lugang announced that the parties still need to further discuss and improve the transfer plan and the transaction details and thus the signing of the framework agreement period was extended from December 31, 2019 to June 30, 2020.
Huaibei City Construction Investment Holding Group Company Limited cancelled the acquisition of 5.11% stake in Jiangsu Lugang Culture Co., Ltd. (SHSE:601599) from a group of sellers on July 1, 2020. 