Reported Earnings • Apr 17
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥0.063 (up from CN¥0.083 loss in FY 2024). Revenue: CN¥68.7b (up 13% from FY 2024). Net income: CN¥224.7m (up CN¥515.3m from FY 2024). Profit margin: 0.3% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 34% 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 34% per year over the past 5 years. Announcement • Apr 16
BlueFocus Intelligent Communications Group Co., Ltd., Annual General Meeting, May 08, 2026 BlueFocus Intelligent Communications Group Co., Ltd., Annual General Meeting, May 08, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 31
BlueFocus Intelligent Communications Group Co., Ltd. to Report Q1, 2026 Results on Apr 29, 2026 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 29, 2026 Announcement • Dec 31
BlueFocus Intelligent Communications Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 29, 2026 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 29, 2026 New Risk • Nov 18
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 7.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.028 (vs CN¥0.017 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.028 (up from CN¥0.017 loss in 3Q 2024). Revenue: CN¥18.7b (up 29% from 3Q 2024). Net income: CN¥99.2m (up CN¥159.2m from 3Q 2024). Profit margin: 0.5% (up from net loss in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. 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 22% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
BlueFocus Intelligent Communications Group Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Price Target Changed • Sep 27
Price target increased by 8.9% to CN¥6.72 Up from CN¥6.17, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥6.58. Stock is up 52% over the past year. The company is forecast to post earnings per share of CN¥0.076 next year compared to a net loss per share of CN¥0.083 last year. Price Target Changed • Sep 17
Price target increased by 12% to CN¥6.17 Up from CN¥5.50, the current price target is an average from 3 analysts. New target price is 11% below last closing price of CN¥6.89. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥0.11 next year compared to a net loss per share of CN¥0.083 last year. Reported Earnings • Aug 28
Second quarter 2025 earnings released: EPS: CN¥0 (vs CN¥0.029 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0 (down from CN¥0.029 in 2Q 2024). Revenue: CN¥18.1b (up 20% from 2Q 2024). Net income: CN¥937.8k (down 99% from 2Q 2024). Profit margin: 0% (down from 0.7% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 13
Price target increased by 12% to CN¥6.17 Up from CN¥5.50, the current price target is an average from 3 analysts. New target price is 12% below last closing price of CN¥7.00. Stock is up 91% over the past year. The company is forecast to post earnings per share of CN¥0.11 next year compared to a net loss per share of CN¥0.083 last year. Announcement • Jul 02
BlueFocus Intelligent Communications Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Price Target Changed • Jun 05
Price target decreased by 11% to CN¥5.50 Down from CN¥6.15, the current price target is an average from 3 analysts. New target price is 13% below last closing price of CN¥6.31. Stock is up 58% over the past year. The company is forecast to post earnings per share of CN¥0.11 next year compared to a net loss per share of CN¥0.083 last year. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.038 (vs CN¥0.033 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.038 (up from CN¥0.033 in 1Q 2024). Revenue: CN¥14.3b (down 9.7% from 1Q 2024). Net income: CN¥95.5m (up 16% from 1Q 2024). Profit margin: 0.7% (up from 0.5% in 1Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Media industry in China. 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 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
BlueFocus Intelligent Communications Group Co., Ltd., Annual General Meeting, May 22, 2025 BlueFocus Intelligent Communications Group Co., Ltd., Annual General Meeting, May 22, 2025, at 15:00 China Standard Time. Location: The Company's Meeting Room, Beijing China Announcement • Mar 31
BlueFocus Intelligent Communications Group Co., Ltd. to Report Q1, 2025 Results on Apr 25, 2025 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 25, 2025 Price Target Changed • Mar 22
Price target increased by 9.5% to CN¥8.07 Up from CN¥7.37, the current price target is an average from 3 analysts. New target price is 18% below last closing price of CN¥9.89. Stock is up 20% over the past year. The company is forecast to post earnings per share of CN¥0.083 for next year compared to CN¥0.047 last year. Announcement • Dec 31
BlueFocus Intelligent Communications Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2025 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2025 Buy Or Sell Opportunity • Nov 14
Now 20% undervalued Over the last 90 days, the stock has risen 74% to CN¥9.23. The fair value is estimated to be CN¥11.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making. New Risk • Nov 11
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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.001 profit in 3Q 2023) Third quarter 2024 results: CN¥0.024 loss per share (down from CN¥0.001 profit in 3Q 2023). Revenue: CN¥14.6b (up 1.7% from 3Q 2023). Net loss: CN¥60.0m (down CN¥62.9m from profit in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Price Target Changed • Oct 12
Price target increased by 8.0% to CN¥6.28 Up from CN¥5.82, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥6.52. Stock is down 14% over the past year. The company is forecast to post earnings per share of CN¥0.14 for next year compared to CN¥0.047 last year. Announcement • Sep 30
BlueFocus Intelligent Communications Group Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 30
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to CN¥7.04. The fair value is estimated to be CN¥5.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 3,986% in the next 2 years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.04 (vs CN¥0.055 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.04 (down from CN¥0.055 in 2Q 2023). Revenue: CN¥15.1b (up 23% from 2Q 2023). Net income: CN¥100.8m (down 26% from 2Q 2023). Profit margin: 0.7% (down from 1.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 21%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥60.5b to CN¥62.5b. EPS estimate fell from CN¥0.19 to CN¥0.149 per share. Net income forecast to grow 717% next year vs 38% growth forecast for Media industry in China. Consensus price target down from CN¥9.20 to CN¥6.43. Share price was steady at CN¥5.23 over the past week. Announcement • Jun 29
BlueFocus Intelligent Communications Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Guo Dong Zhao was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 31
Bluefocus Intelligent Communications Group Co., Ltd. Announces Final Cash Dividend on A Shares for 2023, Payable on 07 June 2024 BlueFocus Intelligent Communications Group Co., Ltd. announced 2023 final profit distribution plan to be implemented (A shares): Cash dividend/10 shares (tax included): CNY 0.10000000. Record date: 06 June 2024, Ex-date: 07 June 2024, Payment date: 07 June 2024. Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.033 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.033 (down from CN¥0.06 in 1Q 2023). Revenue: CN¥15.8b (up 62% from 1Q 2023). Net income: CN¥82.3m (down 45% from 1Q 2023). Profit margin: 0.5% (down from 1.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Media industry in China. 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. Announcement • Mar 30
BlueFocus Intelligent Communications Group Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 New Risk • Feb 07
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 Chinese stocks, typically moving 8.9% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 30
BlueFocus Intelligent Communications Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 29, 2024 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 29, 2024 Price Target Changed • Dec 28
Price target decreased by 7.3% to CN¥10.38 Down from CN¥11.20, the current price target is an average from 3 analysts. New target price is 49% above last closing price of CN¥6.97. Stock is up 44% over the past year. The company is forecast to post earnings per share of CN¥0.21 next year compared to a net loss per share of CN¥0.87 last year. New Risk • Dec 01
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 6.3% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.001 (vs CN¥0.009 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.001 (down from CN¥0.009 in 3Q 2022). Revenue: CN¥14.3b (up 45% from 3Q 2022). Net income: CN¥2.96m (down 87% from 3Q 2022). Profit margin: 0% (down from 0.2% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
BlueFocus Intelligent Communications Group Co., Ltd. to Report Q3, 2023 Results on Oct 27, 2023 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.055 (vs CN¥0.015 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.055 (up from CN¥0.015 loss in 2Q 2022). Revenue: CN¥12.2b (up 37% from 2Q 2022). Net income: CN¥136.2m (up CN¥160.6m from 2Q 2022). Profit margin: 1.1% (up from net loss in 2Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.01 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (up from CN¥0.01 in 1Q 2022). Revenue: CN¥9.77b (up 26% from 1Q 2022). Net income: CN¥148.7m (up 355% from 1Q 2022). Profit margin: 1.5% (up from 0.4% in 1Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Mar 21
Consensus EPS estimates fall by 50% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥37.1b to CN¥36.2b. Losses expected to increase from CN¥0.33 per share to CN¥0.50. Media industry in China expected to see average net income growth of 15% next year. Consensus price target up from CN¥6.20 to CN¥6.90. Share price rose 31% to CN¥8.92 over the past week. Price Target Changed • Mar 20
Price target increased by 19% to CN¥6.90 Up from CN¥5.81, the current price target is an average from 4 analysts. New target price is 21% below last closing price of CN¥8.74. Stock is up 7.1% over the past year. The company is forecast to post a net loss per share of CN¥0.33 compared to earnings per share of CN¥0.21 last year. Major Estimate Revision • Feb 12
Consensus EPS estimates fall by 169% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has deteriorated. 2022 revenue forecast decreased from CN¥37.6b to CN¥37.2b. Losses expected to increase from CN¥0.12 per share to CN¥0.33. Media industry in China expected to see average net income growth of 21% next year. Consensus price target up from CN¥5.81 to CN¥6.20. Share price rose 5.0% to CN¥6.05 over the past week. Major Estimate Revision • Jan 30
Consensus EPS estimates fall from profit to CN¥0.81 loss The consensus outlook for fiscal year 2022 has been updated. Expected to report loss instead of -CN¥0.81 instead of CN¥0.108 per share profit previously forecast. Revenue forecast unchanged at CN¥37.6b Media industry in China expected to see average net income growth of 21% next year. Consensus price target of CN¥5.81 unchanged from last update. Share price rose 4.5% to CN¥5.36 over the past week. Price Target Changed • Nov 16
Price target decreased to CN¥5.93 Down from CN¥7.65, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CN¥5.89. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.09 for next year compared to CN¥0.21 last year. Board Change • Nov 16
Less than half of directors are independent There are 6 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: 4 independent directors. 5 non-independent directors. Independent Director Guo Dong Zhao 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. Reported Earnings • Oct 31
Third quarter 2022 earnings released: EPS: CN¥0.009 (vs CN¥0.012 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.009 (up from CN¥0.012 loss in 3Q 2021). Revenue: CN¥9.86b (up 5.2% from 3Q 2021). Net income: CN¥22.0m (up CN¥52.2m from 3Q 2021). Profit margin: 0.2% (up from net loss in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 39% 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. Announcement • May 31
BlueFocus Intelligent Communications Group Co., Ltd. Announces Cash Dividend, Payable on 07 June 2022 BlueFocus Intelligent Communications Group Co., Ltd. announced 2021 final profit distribution plan to be implemented (A shares) as Cash dividend/10 shares (tax included): CNY 0.42602600. Record date as 06 June 2022, ex-date as 07 June 2022 and payment date as 07 June 2022. Announcement • May 21
BlueFocus Intelligent Communications Group Co., Ltd. Approves 2021 Profit Distribution Plan BlueFocus Intelligent Communications Group Co., Ltd. approved 2021 profit distribution plan. The detailed profit distribution plan are as follows: 1) Cash dividend/10 shares (tax included): CNY 0.42602600. Price Target Changed • May 04
Price target decreased to CN¥8.05 Down from CN¥8.77, the current price target is an average from 5 analysts. New target price is 40% above last closing price of CN¥5.74. Stock is down 7.1% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.21 last year. Reported Earnings • Apr 28
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.01 (down from CN¥0.15 in 1Q 2021). Revenue: CN¥7.78b (down 25% from 1Q 2021). Net income: CN¥32.7m (down 91% from 1Q 2021). Profit margin: 0.4% (down from 3.5% in 1Q 2021). Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 26%. Over the next year, revenue is forecast to grow 47%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥7.30, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Media industry in China. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥9.28, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Media industry in China. Total returns to shareholders of 144% over the past three years. Major Estimate Revision • Jan 22
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥48.5b to CN¥46.5b. EPS estimate also fell from CN¥0.36 per share to CN¥0.30 per share. Net income forecast to grow 35% next year vs 21% growth forecast for Media industry in China. Consensus price target up from CN¥6.63 to CN¥8.53. Share price fell 5.6% to CN¥9.99 over the past week. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥12.51, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Media industry in China. Total returns to shareholders of 183% over the past three years. Price Target Changed • Dec 18
Price target decreased to CN¥6.63 Down from CN¥7.15, the current price target is an average from 3 analysts. New target price is 40% below last closing price of CN¥11.11. Stock is up 88% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.29 last year. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥7.85, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Media industry in China. Total returns to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥7.43, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 53% over the past three years. Reported Earnings • Oct 16
Third quarter 2021 earnings released: CN¥0.012 loss per share (vs CN¥0.12 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CN¥9.37b (down 18% from 3Q 2020). Net loss: CN¥30.2m (down 110% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 15
Price target decreased to CN¥7.03 Down from CN¥7.61, the current price target is an average from 3 analysts. New target price is 13% above last closing price of CN¥6.19. Stock is down 24% over the past year. Announcement • Sep 15
CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec completed the acquisition of unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) for approximately $20.6 billion. CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec reached an agreement to acquire an unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) on May 4, 2021. Brett Marchand, Vision7 International's President and Chief Executive Officer will lead the new combined entity as its new Chief Executive Officer. The new entity has more than 2,500 employees, across 12 countries in North America, Europe, the Middle East and Asia Pacific. The new entity will be headquartered in Quebec. The transaction, which is subject to regulatory approval and other customary closing conditions. The transaction is expected to be finalized in Q3 2021. PJT Partners, LP acted as financial advisor to BlueFocus Intelligent Communications Group Co., Ltd. Royal Bank of Canada (TSX:RY) acted as financial advisor and Norton Rose Fulbright LLP acted as legal advisor to BlueFocus International subsidiaries, We Are Social, fuseproject and Vision7 International. White & Case LLP and McCarthy Tétrault LLP acted as legal advisors to CVC. Fasken Martineau DuMoulin LLP acted as legal advisor to Caisse de dépôt et placement du Québec. BofA Securities, Inc. acted as financial advisor CVC Capital Partners Asia V Limited.
Derek Chiasson, Julie Himo, Patrick Galizia, Richard Wagner, Michael Flamenbaum, Ward Atterbury, David Gallai, James Parker and Jay Modrall acted as key persons for Norton Rose Fulbright LLP.
CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec completed the acquisition of unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) for approximately $20.6 billion on September 13, 2021. Post completion, CVC and CDPQ will hold 60.32%, Blue Valor Limited holds 34.51%, and Bentley management holds 5.17% of BlueFocus International. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS CN¥0.082 (vs CN¥0.05 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥11.7b (up 27% from 2Q 2020). Net income: CN¥212.8m (up 73% from 2Q 2020). Profit margin: 1.8% (up from 1.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 26
Price target increased to CN¥8.02 Up from CN¥7.41, the current price target is an average from 3 analysts. New target price is 29% above last closing price of CN¥6.23. Stock is down 20% over the past year. Announcement • May 25
BlueFocus Intelligent Communications Group Co., Ltd. Approves Cash Dividend for 2020 BlueFocus Intelligent Communications Group Co., Ltd. approved cash dividend (tax included) of CNY 0.60860900 per 10 shares for 2020 at the AGM held on 21 May 2021. Announcement • May 06
CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec reached an agreement to acquire an unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058). CVC Capital Partners Asia V L.P., managed by CVC Capital Partners Asia V Limited and Caisse de dépôt et placement du Québec reached an agreement to acquire an unknown majority stake in BlueFocus International Limited from BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) on May 4, 2021. Brett Marchand, Vision7 International's President and Chief Executive Officer will lead the new combined entity as its new Chief Executive Officer. The new entity has more than 2,500 employees, across 12 countries in North America, Europe, the Middle East and Asia Pacific. The new entity will be headquartered in Quebec. The transaction, which is subject to regulatory approval and other customary closing conditions. The transaction is expected to be finalized in Q3 2021. PJT Partners, LP acted as financial advisor to BlueFocus Intelligent Communications Group Co., Ltd. Royal Bank of Canada (TSX:RY) acted as financial advisor and Norton Rose Fulbright LLP acted as legal advisor to BlueFocus International subsidiaries, We Are Social, fuseproject and Vision7 International. White & Case LLP and McCarthy Tétrault LLP acted as legal advisors to CVC. Fasken Martineau DuMoulin LLP acted as legal advisor to Caisse de dépôt et placement du Québec. Announcement • Apr 29
BlueFocus Intelligent Communications Group Co., Ltd. Announces Profit Distribution Proposal for 2020 BlueFocus Intelligent Communications Group Co., Ltd. announced on 28 April 2021 the profit distribution proposal for 2020 as follows: Cash dividend of CNY 0.60860900 per 10 shares (tax included). Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.08 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥10.4b (up 28% from 1Q 2020). Net income: CN¥363.2m (up 79% from 1Q 2020). Profit margin: 3.5% (up from 2.5% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.30 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥40.5b (up 44% from FY 2019). Net income: CN¥719.9m (up 1.3% from FY 2019). Profit margin: 1.8% (down from 2.5% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 24
New 90-day low: CN¥5.64 The company is down 26% from its price of CN¥7.63 on 25 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 Media industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.76 per share. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥6.09 The company is down 15% from its price of CN¥7.14 on 10 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 Media industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥1.50 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥6.85 The company is down 10.0% from its price of CN¥7.64 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.11 per share. Major Estimate Revision • Oct 29
Analysts increase revenue estimates to CN¥37.6b The 2020 consensus revenue estimate increased from CN¥34.2b. Earning per share (EPS) estimate also increased from CN¥0.29 to CN¥0.30 for the same period. Net income is expected to grow by 20% next year compared to 31% growth forecast for the Media industry in China. The consensus price target increased from CN¥7.61 to CN¥7.78. Share price is down by 4.4% to CN¥7.22 over the past week. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥700.6m, up 16% from the prior year. Total revenue was CN¥37.3b over the last 12 months, up 44% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 23
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 30% at CN¥11.5b. Earnings per share (EPS) also surpassed analyst estimates by 53% at CN¥0.12. Revenue is forecast to grow 3.1% over the next year, compared to a 18% growth forecast for the Media industry in China. Announcement • Aug 13
BlueFocus Intelligent Communications Group Co., Ltd. to Report First Half, 2020 Results on Aug 28, 2020 BlueFocus Intelligent Communications Group Co., Ltd. announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 21
BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) agree to acquire 18.1% stake in Madhouse Inc for $42.8 million BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) agree to acquire 18.1% stake in Madhouse Inc for $42.8 million on July 20, 2020. Under the terms of transaction, BlueFocus will acquire 39.9 million shares of Madhouse. Post completion, Bluefocus will hold 100% stake in Madhouse inc. 
