Announcement • Jun 05
Shanghai New World Co., Ltd, Annual General Meeting, Jun 26, 2026 Shanghai New World Co., Ltd, Annual General Meeting, Jun 26, 2026, at 14:30 China Standard Time. Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in FY 2024) Full year 2025 results: EPS: CN¥0.10 (down from CN¥0.11 in FY 2024). Revenue: CN¥1.10b (down 1.7% from FY 2024). Net income: CN¥66.7m (down 4.8% from FY 2024). Profit margin: 6.1% (down from 6.3% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Shanghai New World Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shanghai New World Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥7.67, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 34x in the Pharmaceuticals industry in China. Total returns to shareholders of 5.3% over the past three years. Buy Or Sell Opportunity • Mar 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to CN¥9.13. The fair value is estimated to be CN¥7.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 26
Shanghai New World Co., Ltd to Report Fiscal Year 2025 Results on Apr 11, 2026 Shanghai New World Co., Ltd announced that they will report fiscal year 2025 results on Apr 11, 2026 Buy Or Sell Opportunity • Dec 18
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to CN¥8.89. The fair value is estimated to be CN¥7.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Nov 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.0% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. New Risk • Oct 31
New major risk - Revenue and earnings growth Earnings have declined by 5.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.0% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.03 (vs CN¥0.03 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.03 (in line with 3Q 2024). Revenue: CN¥263.4m (down 1.1% from 3Q 2024). Net income: CN¥19.0m (flat on 3Q 2024). Profit margin: 7.2% (up from 7.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai New World Co., Ltd to Report Q3, 2025 Results on Oct 31, 2025 Shanghai New World Co., Ltd announced that they will report Q3, 2025 results on Oct 31, 2025 Declared Dividend • Aug 13
Dividend increased to CN¥0.04 Dividend of CN¥0.04 is 33% higher than last year. Ex-date: 15th August 2025 Payment date: 15th August 2025 Dividend yield will be 0.5%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 5.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
Shanghai New World Co., Ltd to Report First Half, 2025 Results on Aug 29, 2025 Shanghai New World Co., Ltd announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Jun 05
Shanghai New World Co., Ltd, Annual General Meeting, Jun 27, 2025 Shanghai New World Co., Ltd, Annual General Meeting, Jun 27, 2025, at 14:30 China Standard Time. Location: 13F, No. 369, Xizang Middle Road, Huangpu District, Shanghai China Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.05 in FY 2023) Full year 2024 results: EPS: CN¥0.11 (up from CN¥0.05 in FY 2023). Revenue: CN¥1.12b (down 1.2% from FY 2023). Net income: CN¥70.0m (up 121% from FY 2023). Profit margin: 6.3% (up from 2.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% 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 28
Shanghai New World Co., Ltd to Report Q1, 2025 Results on Apr 30, 2025 Shanghai New World Co., Ltd announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Shanghai New World Co., Ltd to Report Fiscal Year 2024 Results on Apr 12, 2025 Shanghai New World Co., Ltd announced that they will report fiscal year 2024 results on Apr 12, 2025 New Risk • Dec 23
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 11% 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 Earnings have declined by 7.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.02 in 3Q 2023). Revenue: CN¥266.4m (down 2.8% from 3Q 2023). Net income: CN¥18.9m (up 39% from 3Q 2023). Profit margin: 7.1% (up from 5.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Shanghai New World Co., Ltd to Report Q3, 2024 Results on Oct 31, 2024 Shanghai New World Co., Ltd announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.03 (vs CN¥0.021 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.03 (up from CN¥0.021 in 2Q 2023). Revenue: CN¥264.6m (down 1.2% from 2Q 2023). Net income: CN¥20.7m (up 47% from 2Q 2023). Profit margin: 7.8% (up from 5.3% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 14
Dividend of CN¥0.03 announced Shareholders will receive a dividend of CN¥0.03. Ex-date: 16th August 2024 Payment date: 16th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 36% to shift the payout ratio to a potentially unsustainable range, which is more than the 31% EPS decline seen over the last 5 years. Announcement • Jun 28
Shanghai New World Co., Ltd to Report First Half, 2024 Results on Aug 24, 2024 Shanghai New World Co., Ltd announced that they will report first half, 2024 results on Aug 24, 2024 Announcement • Jun 08
Shanghai New World Co., Ltd, Annual General Meeting, Jun 28, 2024 Shanghai New World Co., Ltd, Annual General Meeting, Jun 28, 2024, at 14:30 China Standard Time. Location: 13F, No. 369, Xizang Middle Road, Huangpu District, Shanghai China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.04 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.04 (in line with 1Q 2023). Revenue: CN¥275.8m (up 4.2% from 1Q 2023). Net income: CN¥25.8m (up 8.1% from 1Q 2023). Profit margin: 9.4% (up from 9.0% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.08 loss in FY 2022) Full year 2023 results: EPS: CN¥0.05 (up from CN¥0.08 loss in FY 2022). Revenue: CN¥1.13b (up 33% from FY 2022). Net income: CN¥31.7m (up CN¥83.7m from FY 2022). Profit margin: 2.8% (up from net loss in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Mar 29
Shanghai New World Co., Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shanghai New World Co., Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 29
Shanghai New World Co., Ltd to Report Fiscal Year 2023 Results on Apr 13, 2024 Shanghai New World Co., Ltd announced that they will report fiscal year 2023 results on Apr 13, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.015 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (up from CN¥0.015 loss in 3Q 2022). Revenue: CN¥274.2m (up 6.2% from 3Q 2022). Net income: CN¥13.6m (up CN¥23.6m from 3Q 2022). Profit margin: 5.0% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 13
Full year 2022 earnings released: CN¥0.08 loss per share (vs CN¥0.11 profit in FY 2021) Full year 2022 results: CN¥0.08 loss per share (down from CN¥0.11 profit in FY 2021). Revenue: CN¥850.0m (down 27% from FY 2021). Net loss: CN¥52.0m (down 175% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0 (vs CN¥0.03 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0 (down from CN¥0.03 in 3Q 2021). Revenue: CN¥247.6m (down 13% from 3Q 2021). Net loss: CN¥75.8k (down 100% from profit in 3Q 2021). Profit margin: 0% (down from 6.9% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 02
Second quarter 2022 earnings released: CN¥0.056 loss per share (vs CN¥0.059 profit in 2Q 2021) Second quarter 2022 results: CN¥0.056 loss per share (down from CN¥0.059 profit in 2Q 2021). Revenue: CN¥124.0m (down 57% from 2Q 2021). Net loss: CN¥42.5m (down 212% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.02 (down from CN¥0.04 in 1Q 2021). Revenue: CN¥209.8m (down 22% from 1Q 2021). Net income: CN¥10.5m (down 56% from 1Q 2021). Profit margin: 5.0% (down from 8.8% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 109%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.059 (vs CN¥0.022 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥291.7m (up 23% from 2Q 2020). Net income: CN¥37.9m (up 169% from 2Q 2020). Profit margin: 13% (up from 5.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.98, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 22x in the Multiline Retail industry in China. Total returns to shareholders of 31% over the past three years. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.04 (vs CN¥0.02 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¥269.4m (up 34% from 1Q 2020). Net income: CN¥23.7m (up CN¥37.6m from 1Q 2020). Profit margin: 8.8% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2020 earnings released: EPS CN¥0.11 (vs CN¥0.06 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CN¥1.05b (down 37% from FY 2019). Net income: CN¥70.6m (up 93% from FY 2019). Profit margin: 6.8% (up from 2.2% in FY 2019). The increase in margin was 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 83 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥7.70 The company is down 17% from its price of CN¥9.31 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 13% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥8.37 The company is down 13% from its price of CN¥9.65 on 11 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 Multiline Retail industry, which is down 12% over the same period. Is New 90 Day High Low • Nov 11
New 90-day low: CN¥8.60 The company is down 28% from its price of CN¥11.97 on 13 August 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 15% over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥4.26m, down 95% from the prior year. Total revenue was CN¥1.13b over the last 12 months, down 45% from the prior year. Announcement • Oct 27
Shanghai New World Co., Ltd to Report Q3, 2020 Results on Oct 30, 2020 Shanghai New World Co., Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Oct 26
New 90-day low: CN¥9.20 The company is down 23% from its price of CN¥11.95 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 10.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥9.62 The company is down 19% from its price of CN¥11.88 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.51 per share. Announcement • Jul 10
Shanghai New World Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020 Shanghai New World Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020 
